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Fred Williams

Wall Street Thrives on Main Street Pain

Don, Twister, All: http://www.theonion.com/articles/drunken-ben-bern… Finally, the truth is told...by America's Finest Source for News, The Onion. Most vivid scene: "He stumbled up to the urinal and started mumbling on about the depressed housing sector or something," said Kampman, who claimed Bernanke had to use both hands on the wall to steady himself. "Then after a while he just sort of stopped and I couldn't tell if he was laughing or crying."
— August 3, 2011 9:25 p.m.

Wall Street Thrives on Main Street Pain

Thank you, Twister, again, for the kind words. When you describe the indiference of the so-called leadership class, I'm reminded of the tale of the scorpion and the frog. We shouldn't be surprised that scorpions act like scorpions. I'm currently reading Harry Markopolos'"No One Would Listen". Harry, you may recall, warned the SEC 5 times in detail about the Madoff Ponzi scheme and was ignored. We're in a similar situation in San Diego. The truth is obvious, the insiders know the game is riggeed, but no one in a position of real power is willing to be the first to call. So the stakes just keep getting higher and higher. Eloquent writing and speaking, I think, are over rated. This isn't a Little Rascals short where we can put on a play to raise money for camp. I actually believe attention has been paid to many of these issues, and still there is no action. Matt Taibbi, Radley Balko, Don Bauder...among others not so well known, ARE writing the articles and getting them published. What I think prevents action is the fact that most of us realize it's probably too late...Pandora's box is open, the evil spirits are loosed, and only hope remains (and perhaps the cruelest spirit of all is hope). Twister, if you would like to reprint or reuse my comments, you have my permission. I'm gratified. I'll keep writing them. I'm not interested, however, in the work of getting editors and other gatekeepers to publish me more widely. If you're willing to take that on, you've got a deal! Best, Fred
— July 27, 2011 9:39 p.m.

U-T, N.C. Times Report Circulation Figures Under New System

Don, I wrote this comment at the UT's site where they made the announcement of the new "Community Editorial Board". http://www.signonsandiego.com/news/2011/jul/24/vo… They promptly deleted it. I've posted it there again, but to make sure it does not disappear for ever I'll share it here too. Paper Cuts Costs and Cuts Editorial Board by Fred Williams In a ground breaking move, the Union Tribune newspaper in San Diego, CA., replaced its paid editorial writers with a group of volunteers. Jeff Light announced the shakeup as part of general cost cutting measures. "Since our editorial board was so lame anyway, we thought we'd put them out of their misery. Then I was clicking around on my Facebook account, and noticed that I've got some friends who would probably write for free." Media analysts applaud the move, which is expected to raise the sale price of the UT. At the moment, the buildings owned by the UT are considered more valuable than the newspaper. "Frankly, chimpanzees writing editorials would be fine with me," said Light. "So long as it fills up that white space between the advertising, I'm good." While detractors claim this new board is far from representative of San Diego, Light was frank with the critics. "Look, dude. No one cares. Who reads this anyway? We're out of here in a year, tops. This is just window dressing to make it still look like a paper so we can unload it on some sucker. You want quality journalism and opinion...check out the Reader, VOSD, or City Beat. The UT is dead...and you can quote me on that."
— July 25, 2011 9:23 a.m.

You Don’t Have All the Answers, Mr. Manager

Hi Michael, I've read your articles over the decades and appreciate your work. This one jangles my nerves a bit. Here's why: Your beginning is fine...the standard report of managers not being trusted by employees because they are aloof, don't solicit ideas, and seem disingenuous or erratic. So far so good. We've all experienced this. You go on to recommend some improvements. Trust. Openness. Listening to employee ideas. Fine. But then you added this: "Get the employees involved in the problem-solving process. Few will have constructive thoughts, yet you never know who may come up with something small that makes a difference. The only way to do that is to meet regularly with workers and have informal chats in the hallways. " What's that? Again? "Few will have constructive thoughts..." Michael, you poisoned the well. This negates the rest of the article. Everywhere else you tell the manager to listen and respect, even trust employees. But with this little wink, you assure them that it's still just a charade. "Papa manager knows best, but pretending to listen to the little dummies will make them happier and more productive, bless their naive hearts." You do say that the employees might come up with something small. How generous of you. The inept managers who employees don't trust probably agree with you. I don't. Surely you recall the manager from the movie Office Space, who does what you recommend. He initiates those informal water cooler conversations, but everyone knows he's only doing it to slide in his infamous, "Yeah, that's great. Hey, ah, you know I'm gonna have to go ahead and ask you to come in this Saturday again. Okay? Great, see you here at nine. Oh, and you can wear casual. Great." That's why employees don't trust such managers. It's too obvious that they go through the motions, pretending to be the things you recommend, while simultaneously agreeing with you that it's only for show and the employees aren't likely to have any good ideas to contribute...listening makes them feel better, but changes nothing in reality. I hope you understand my point and don't take offense. If that one line hadn't been there, I'd never have written a comment. Best, Fred
— July 23, 2011 9:52 p.m.

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