Author Archives: Michael Froomkin

Miami Herald to Outsource Local News?

Businessweek says,

The Miami Herald is outsourcing some of its advertising production work to India, the newspaper's editor said Thursday.

Starting in January, copyediting and design in a weekly section of Broward County community news and other special advertising sections will be outsourced to Mindworks, based in New Delhi.

I know Broward (the county north of here) feels like a foreign country, but really…

Posted in The Media | Comments Off on Miami Herald to Outsource Local News?

Catalog Choice Scares Marketers

I've used Catalog Choice to attempt to stop 19 catalogs so far. I'm not sure any of them have actually stopped yet, but the site says it can take three months, and dates range from one to 45 days ago, so I guess I have to be patient.

Interesting to read, though, that rather than write me off as a waste of marketing money, the catalog industry wants to ignore my preferences and keep sending them. According to Business Week, a Direct Marketing Association honcho e-mailed all members to pull up the drawbridge:

How did they respond? Some—mostly outdoorsy brands like L.L. Bean and Lands' End (SHLD)—made soothing noises. Others blew off the Web site (and subsequently, the people declining their catalogs), and have done nothing with the names. Still, despite being less than three months old, Catalog Choice has managed to spook an industry. Consider the Nov. 29 e-mail from the Direct Marketing Assn. Bearing the subject line “JUST SAY NO,” it warned retailers that Catalog Choice's “priority is to eliminate catalogs as a marketing medium. It is not in your interest to further their efforts!”

Charming, isn't it. More at the Catalog Choice Blog. If you want the view from the (relatively) enlightened wing of the marketers, check out MineThatData Blog.

Posted in Shopping | 2 Comments

Mario Barnes Wins Derrick A. Bell Jr. Award

I've just learned that UM Law prof and all-around great guy Mario Barnes has won the 2008 AALS Minority Groups Section Derrick A. Bell Jr. Award.

The Derrick A. Bell Jr. Award is named in honor of Derrick A. Bell, Jr. of New York University Law School. The award honors a junior faculty member who, through activism, mentoring, colleagueship, teaching and scholarship, has made an extraordinary contribution to legal education, the legal system, or social justice.

I don't know exactly what “colleagueship” is, but whatever it is I can't think of a better person to give this prize to.

There will be a ceremony at lunch on Jan 5 at the AALS to present Mario with the award.

This, wouldn't you know it, conflicts with a different lunch ceremony in which another member of the Miami Law faculty will be receiving a richly-deserved award: William Twining, who visits here for part of the Spring semester every year, is due to receive the AALS Evidence section's John Henry Wigmore Award for Lifetime Achievement in Elucidating the Law of Evidence and the Process of Proof.

Posted in Talks & Conferences, U.Miami | Comments Off on Mario Barnes Wins Derrick A. Bell Jr. Award

100% Leverage?

Does this mean what I think it does?

Credit Crisis? Just Wait for a Replay: One of the more remarkable facts about the subprime crisis is that total losses to the financial system may be about equal to the amount of subprime loans that were issued. On the face of it, that appears absurd, since many such loans will be paid off, and those that default will not be total losses. But, Mr. Seides said in an interview, “the financial leverage placed on the underlying assets was so high” that the losses multiplied, as the profits did when times were good.

“When there is more leverage” and things go wrong, he said, “there are more losses.”

They resold layered participations in the same underlying loan so many times that it ends up with leverage over 100%? Given that substantial profits are taken out along the way, how does that work even if everyone pays off like they are supposed to?

Update: Krugman is puzzled too.

Posted in Econ & Money: Mortgage Mess | 2 Comments

Bad Debts

Orin Kerr says he's going to the AALS January Meeting in New York.

That's good. As it happens, I'm going too and I seem to recall that I owe Orin a beer.

Posted in Talks & Conferences | 5 Comments

techPresident’s Favorite Videos of 2007: The Candidates

Here's another good top-10 list: techPresident's Favorite Videos of 2007: The Candidates.

I agree with seven of these as top-quality, although the actual rankings seem a bit random. I wouldn't have made #1 the top choice or necessarily included it at all. Not that it's a bad video, but is it really top-10 material, much less #1? And what's with #9? (And #8 is a good clip, but it's not a campaign video at all.)

As for my top choice, I might have put Bill Richardson's ad as #1—certainly in the top 3. It's much better than the candidate, who looks worse the more you see of him.

Posted in Politics: US: 2008 Elections | Comments Off on techPresident’s Favorite Videos of 2007: The Candidates