J
Joerg
- Jan 1, 1970
- 0
krw said:It blows my mind that the chairman of the reserve either didn't see itJosephKK said:Jim Thompson wrote:
Jim Thompson wrote:
[snip]
Do OTA digital stations have a choice of modulation scheme?
No, but they picked the ATSC standard with IMHO way too little field
testing. The European DTV system is much more robust in that respect.
I've noticed a decided improvement since OTA digital. I used to have
some bleed-thru from OTA into my cable, causing "ghost" images... some
runs exceed 80' from my distribution amplifier. But that's now
completely gone, because they're now UHF.
Going to UHF was IMHO a serious mistake. When channel 13 was on VHF it
came through, usually with little to no ghosting. Now it's unreliable. I
do not understand how one can give up a VHF channel in trade for a
channel the inferior UHF band. At least not without serious monetary
compensation (which I wouldn't know anything about) or without putting
up a fight.
Your government at its finest ;-)
I had a chat with the station's engineer and his opinion was that UHF
travels through buildings and high-rises better. I guess we lost out to
them flatlanders
And besides, I think the vast majority of urban dwellers in high-rises
will have cable TV anyhow. IMHO it's only a matter of time until folks
on the outskirts hang up on such stations and go to non-local channels
on satellite. Or as the next generation already does, fulfill their
media consumption wishes via the web for news and Netflix for movies.
Then, ad revenue drops, station budgets begin to shrivel up, pink slips
are handed out. <brag_mode> I see that coming, just as I saw the
mortgage bubble burst coming </brag_mode>.
You are not the only who foresaw the mortgage / flip bubble bursting.
It was clear from the nature of the advertised mortgages in 2005. Plus
locally I also saw a previous tight housing market invert at the same
time as many new apartments and new houses were hitting the market
from late 2004 through early 2006 here locally.
or preferred to do nothing. It doesn't take much to foresee that the
concept of ARMs and, worse, negative amortization loans is wrong and
dangerous for the country. It also doesn't take much to see that the
competence level of banking managers back then had sunk to a level that
was insufficient. I expect more from a chairman, I expect that he does
the same what a police officer would do if he saw someone entering the
freeway the wrong way.
Not sure what the Fed could have done about it. Banks were still
bound by margin rules (8%, IIRC) on loans. The problem was the
repackaging of mortgage securities traded as investments. I don't
believe they fell under the Fed's purview, rather SEC. A *lot* of
people saw the housing bubble as just that, far fewer saw the real
problem, the ridiculous leveraging going on with trash securities.
Well, that's exactly what gets my blood to boil. It does not make a
smidgen of a difference under whose purview this falls. We pay those
guys lots of taxpayer money and we expect service for that money, not
passing the buck. It's like someone on the Titanic seeing the big
iceberg and not telling anyone because it's "not in his job
description". If the Fed see trouble, what is so difficult about picking
up the phone, calling the guys over at the SEC and arranging some crisis
meetings?
Currently I am with one foot in mechanical engineering stuff. My client
(rightfully) expects me to see and flag potential issues I see to their
engineers. I will never say "it ain't my job", because serving my
clients is my job.