The Daily Parker

Politics, Weather, Photography, and the Dog

Two IPOs, one story

At dinner last night with some of my B-school friends, conversation turned to the two most perplexing stock offerings of the last year: Facebook's and Groupon's. In both cases, the companies' very young owners and very rich venture capital investors got rich, but what happened after that? Here's Facebook's performance this week:

And Groupon's:

This morning, Groupon announced a proposed settlement in the class-action suit accusing them of practicing their well-known business model:

If you purchased or received a Groupon Voucher issued for redemption in the United States between November 1, 2008 and December 1, 2011, then you are a member of the class (“Class Member”) for purposes of this class action settlement, and may be entitled to receive settlement benefits, unless you are one of the following: (1) an employee of Groupon, Inc.; (2) a business with whom Groupon has partnered to offer Groupon vouchers (“Merchant Partners”); or (3) a parent company, subsidiary, affiliate or director or officer of Groupon or a Merchant Partner.

Facebook has its own problems. It's been a public company for less than three days, and already the SEC is investigating. Where they go, lawsuits surely will follow:

[R]egulators are concerned that banks may have shared information only with certain clients, rather than broadly with investors. On Tuesday, William Galvin, the secretary of state in Massachusetts, subpoenaed Morgan Stanley over discussions with investors about Facebook’s offering. The Financial Industry Regulatory Authority, Wall Street’s self-regulator, is also looking into the matter. The chairwoman of the Securities and Exchange Commission, Mary L. Schapiro, said Tuesday that the agency would examine issues related to Facebook’s I.P.O., but she did not elaborate.

Morgan Stanely, the banker in question, led both the Groupon and Facebook IPOs.

At least they didn't lose $2 billion last week gambling with money insured by us taxpayers.

Whither Lorem Ipsum?

Jeff Atwood has the definitive explanation:

["Lorem ipsum"] is arbitrarily rearranged and not quite coherent Latin, extracted from a book Cicero wrote in 45 BC. Here's the complete quote, with the bits and pieces that make up Lorem Ipsum ....

Nemo enim ipsam voluptatem, quia voluptas sit, aspernatur aut odit aut fugit, sed quia consequuntur magni dolores eos, qui ratione voluptatem sequi nesciunt, neque porro quisquam est, qui dolorem ipsum, quia dolor sit amet, consectetur, adipisci[ng] velit, sed quia non numquam [do] eius modi tempora inci[di]dunt, ut labore et dolore magnam aliquam quaerat voluptatem. Ut enim ad minima veniam, quis nostrum exercitationem ullam corporis suscipit laboriosam, nisi ut aliquid ex ea commodi consequatur? Quis autem vel eum iure reprehenderit, qui in ea voluptate velit esse, quam nihil molestiae consequatur, vel illum, qui dolorem eum fugiat, quo voluptas nulla pariatur?

At vero eos et accusamus et iusto odio dignissimos ducimus, qui blanditiis praesentium voluptatum deleniti atque corrupti, quos dolores et quas molestias excepturi sint, obcaecati cupiditate non provident, similique sunt in culpa, qui officia deserunt mollitia animi, id est laborum et dolorum fuga.

But what does it all mean?

He even included a lengthy list of websites that have tons of the stuff hanging around.

Quod erat demonstrandum.

Mama don't let your boys become coders

I agree with Jeff Atwood that learning to code isn't really a good goal:

The "everyone should learn to code" movement isn't just wrong because it falsely equates coding with essential life skills like reading, writing, and math. I wish. It is wrong in so many other ways.

  • It assumes that more code in the world is an inherently desirable thing. In my thirty year career as a programmer, I have found this … not to be the case. Should you learn to write code? No, I can't get behind that. You should be learning to write as little code as possible. Ideally none.
  • It assumes that coding is the goal. Software developers tend to be software addicts who think their job is to write code. But it's not. Their job is to solve problems. Don't celebrate the creation of code, celebrate the creation of solutions. We have way too many coders addicted to doing just one more line of code already.

He concludes:

Please don't advocate learning to code just for the sake of learning how to code. Or worse, because of the fat paychecks. Instead, I humbly suggest that we spend our time learning how to …

  • Research voraciously, and understand how the things around us work at a basic level.
  • Communicate effectively with other human beings.

These are skills that extend far beyond mere coding and will help you in every aspect of your life.

We can't hear this enough. It's why I tend to hire liberal arts majors who can code rather than computer science majors who can read.

Trolls where least expected

A mailing list I participate in has attracted a troll, which is a person who, deliberately or not, annoys everyone around him with ill-tempered, rude, and stupid questions. Our list's troll has managed to get himself suspended from Wikipedia about 10 times (he's still suspended), mostly for "incivil tone" and for missing the purpose of Wikipedia.

This kind of user has haunted every online community since The WELL and CompuServe—yea, even unto the days of the of dial-up BBS. This guy is simply the first troll we've seen on this particular list, though.

His days were numbered anyway

Even if Parker hadn't gotten fired two weeks ago, it looks like the building would have stopped him coming in anyway. We got this email earlier today, forwarded by the landlord:

We received a complaint about one of your tenants having a dog in the building. This was discovered by persons on the 5th floor hearing barking on the 4th floor. Hopefully I'm not confusing your unit with another but per the building rules and regulations policy that's attached to the Easement and Operating Agreement, only seeing eye dogs are permitted in the building.

Some people just don't like dogs. Their lives must be so sad.

3,002

I had meant to make a note of my 3,000th blog posting, but I completely forgot it was coming. So, after 2,353 days (and 24 minutes), three house moves, a few significant personal events, and Parker's entire life, The Daily Parker is still going strong.

At the historical posting rate for the blog (1.28 per day), I'll hit 6,000 entries in September 2018 and 10,000 entries by April 2027. (For the last two years, though, I've posted about 1.5 per day, so you could see 10,000 as early as April 2025.) Stick around.

And thanks for reading.

Terrorists! Communists! Anarchists! Roundheads! Saxons!

The FBI has put together a committee of university presidents to root out foreign spies who have infiltrated American colleges:

While overshadowed by espionage against corporations, efforts by foreign countries to penetrate universities have increased in the past five years, [Frank] Figliuzzi, [Federal Bureau of Investigation assistant director for counterintelligence] said. The FBI and academia, which have often been at loggerheads, are working together to combat the threat, he said.

Attempts by countries in East Asia, including China, to obtain classified or proprietary information by “academic solicitation,” such as requests to review academic papers or study with professors, jumped eightfold in 2010 from a year earlier, according to a 2011 U.S. Defense Department report. Such approaches from the Middle East doubled, it said.

The problem with this, as a number of people pointed out in the article, is that academics share information freely. That's their freaking job. And the U.S. has hundreds of thousands of foreign students—76,000 from China alone—because, for now anyway, we have the best schools in the world.

Of course the FBI should go after real spies, and discovering former Russian intelligence agent Sergei Tretyakov probably prevented Russia from stealing information that would have helped them catch up to where we'd gotten ten years earlier.

The university presidents on the FBI's committee need to remember their first duty. I hope some of them will remind the FBI that suspecting lots of foreigners of trying to spy on us will cost more than it will save.

This is a very old conversation. There are always people who see enemies everywhere. Sometimes they're right; but we need to make sure that when they're wrong, they don't cause more damage than they're trying to prevent.

Another quick link roundup

I like being busy, but it does take time away from lower-priority pursuits like blogging. If I had more time, I'd pontificate on the following:

For now, though, it's back to the mines.

Sunday link roundup

Some items that have gotten my attention:

More, I'm sure, later.

Similar demographics 70 years later

I found out, after too many failed download attempts for no reason I could ascertain (come on, Amazon), the 1940 Census data is also available on Ancestry.com. Their servers actually served the data correctly. And so, I found this:

The apartment numbers aren't listed, and the building added an apartment to my entrance sometime in the last 70 years, but I think I can work it out. The first column shows the rent for each apartment. The three higher-rent apartments have to be the larger ones to the west. That means mine is either one of the two $65 apartments on the table or was vacant on 1 April 1940.

So the best I can do is that the three apartments on my side of the stairs that existed in 1940 contained a 35-year-old divorcée from Illinois who worked as an office manager in a brokerage, and a 64-year-old broker/solicitor from Nebraska who lived with his 84-year-old mother. My neighbors included a 51-year-old mother who lived with her 29- and 23-year-old sons, both of whom worked as wholesale salesmen; the 57-year-old treasurer of a wholesale varnish company and his 53-year-old wife; the 46-year-old head of the complaints department at Illinois Bell and his 39-year-old wife; and the building engineer and his wife, both of whom were 49.

All of these people were white, professional, and at least high-school educated. Six of eleven had college educations, a significantly higher proportion than the general public at the time. There were no children in the tier. All but two were U.S.-born. (The varnish-company treasurer came from the Republic of Ireland; his wife was English-Canadian.) All but the divorcée had lived in the same apartment for at least 5 years. Seven of eleven worked at least 40 hours during the previous week, including the poor janitor who worked 70. Salaries ranged from $600 (the 29-year-old son who sold furniture wholesale) to $5000+ (the Irish varnish company treasurer). Mrs. G.R. Walker, the most likely candidate for my predecessor in this apartment, made $2000, somewhat higher than the U.S. average salary in 1940 and approximately eqivalent to $32,000 today.

Today we're entirely professional (including three attorneys and two professional musicians), with a handful of young children, all of us college-educated or better. There is one foreign-born person; our average age, not counting the children, is about 38; and none of us worked 70 hours last week. Two of the seven apartments are rentals, the rest are owned. Adjusting for inflation, they cost almost exactly the same as in 1940.

In other words, the people who lived in my apartment building 70 years ago looked a lot like the people who live here today. And I wish I could meet them.