America is well known for having an overly litigious society. People launch lawsuits at the drop of a hat for a huge number of things that they should never do so for including:
- Patents that are overly broad (these people are called “Patent Trolls”)
- Mistakes made on their own part by their negligence to check products or services.
- Being fired for not doing their work
and many other reasons.
It’s sad that lawyers have managed to crush much of the entrepreneurial spirit out of America.
I went to an open house for web design graduates from the Art Institute of LA and found it to be really helpful to be able to meet with recent grads and have them show me their work. I wish all different types of schools (business, engineering, programming, etc) would do something similar. It would really help employers.
I saw an interesting article today in the newspaper that banks have greatly slowed the foreclosure process.
I actually think it is their business strategy going forward- if they foreclosed immediately on everyone who deserved it it would flood the market with homes. The massive increase in supply would knock home prices down even further, causing many more people to strategically default on their mortgages. The banks would be forced to write off even more mortgages, perhaps forcing the banks themselves into bankruptcy.
So what does the banks slowing of the foreclosure process mean to the rest of us? The housing market is still in a bubble and has a long way further to fall.
My friend from college, Kenny Kadar, has launched his new site NightTap.com. The site gives Groupon-like deals for nightlife around Los Angeles. Currently he has a great deal up – $19 for an open bar from 8-11 pm + hors d’oeuvres and other fun stuff.
Making predictions is hard an opens the door to failure. It also helps you get better at making future predictions. In that sense, here are a few of my predictions:
-Barack Obama will win the next election and eventually be recognized as one of America’s better presidents.
-Steve Ballmer will be canned at Microsoft in the next year or two but unless Bill Gates returns, Microsoft will continue to turn into a patent troll and failing company.
-Amazon will grow into a titanic corporation and will pass Wal-Mart in size over the next 15 years.
In yet another instance of scummy activity by public employees, the executives in charge of CalPers recently ordered all emails over 60 days deleted. There are multiple investigations into their activity now and they have decided to destroy the evidence.
Coalition Technologies is a relatively young web design and SEO company in Los Angeles. We have been in operations for two years now but have made significant impact on our clients’ businesses. This could be one factor to consider when looking for reliable Los Angeles web design companies.