{"id":4368,"date":"2012-04-16T08:05:40","date_gmt":"2012-04-16T14:05:40","guid":{"rendered":"https:\/\/barbadamslive.com\/?p=4368"},"modified":"2012-04-22T07:28:49","modified_gmt":"2012-04-22T13:28:49","slug":"april-21-2012-phil-simon-the-age-of-the-platform-vern-mckinley-a-century-of-bailouts-and-yalman-onaran-zombie-banks","status":"publish","type":"post","link":"https:\/\/barbadamslive.com\/?p=4368","title":{"rendered":"April 21, 2012 &#8211; Phil Simon, &#8220;The Age of the Platform:  How Amazon, Apple, Facebook and Google Have Redefined Business;&#8221; Vern McKinley, &#8220;A Century of Bailouts,&#8221; and Yalman Onaran, &#8220;Zombie Banks&#8221;"},"content":{"rendered":"<p>April 21, 2012\u00a0\u00a0 Show Archives\/Pod Casts\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<a href=\"http:\/\/archives2012.gcnlive.com\/Archives2012\/apr12\/AmerikaNow\/0421121.mp3\" target=\"_blank\"> Hour 1 <\/a> &#8211;\u00a0 <a href=\"http:\/\/archives2012.gcnlive.com\/Archives2012\/apr12\/AmerikaNow\/0421122.mp3\" target=\"_blank\">Hour 2<\/a> &#8211;\u00a0 <a href=\"http:\/\/archives2012.gcnlive.com\/Archives2012\/apr12\/AmerikaNow\/0421123.mp3\" target=\"_blank\">Hour 3<\/a><\/p>\n<p><strong>Hour 1:\u00a0 Phil Simon<\/strong><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-thumbnail wp-image-4379\" src=\"https:\/\/barbadamslive.com\/wp-content\/uploads\/2012\/04\/PhilSimonPHOTO-150x134.jpg\" alt=\"\" width=\"150\" height=\"134\" \/>Phil Simon joins Amerika Now during the first hour of the show to discuss his latest book, <strong><em>The Age of the Platform:\u00a0 How Amazon, Apple, Facebook and Google Have Redefined Business. <\/em><\/strong><\/p>\n<p>Over the last five to seven years, four companies have ascended to  absolutely astounding heights.\u00a0 They are Amazon, Apple, Facebook, and  Google, aka\u00a0<em>The Gang of Four<\/em>.\u00a0 These companies excel via  their\u00a0superior use of technology.\u00a0 They have built incredible ecosystems.  They\u2019ve embraced partnerships and external innovation.\u00a0 Beyond all of this, The Gang of Four has embraced an entirely new way of doing business:\u00a0 The Platform.<\/p>\n<p>A platform is simply a set of integrated planks. The most powerful platforms today have two things in common:<\/p>\n<ul>\n<li>They are rooted in equally powerful technologies\u2014and their  intelligent usage. In other words, they differ from traditional  platforms in that they are not predicated on physical assets, land, and  natural resources.<\/li>\n<li>They benefit tremendously from vibrant ecosystems.<\/li>\n<\/ul>\n<p>While platforms inhere a great deal of potential commercial appeal  and applications, they do not exist simply as a means for companies to  hawk their wares. At their core, platforms today are primarily about\u00a0<em>consumer <\/em>utility  and communications. Finally, because consumer tastes change much faster  than business\u2019 tastes, platforms today must adapt very quickly\u2014or face  obsolescence.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-thumbnail wp-image-4381\" src=\"https:\/\/barbadamslive.com\/wp-content\/uploads\/2012\/04\/AgeofPlatformBOOKCOVER-97x150.png\" alt=\"\" width=\"97\" height=\"150\" \/>Phil is a recognized technology and management expert.\u00a0 He consults  with companies on how to optimize their use of technology and has written\u00a0four  books including <strong><em>The Age of the Platform, The New Small, The Next Wave of Technologies, <\/em><\/strong>and <strong><em>Why New Systems Fail. <\/em><\/strong>His contributions have been featured on NBC,\u00a0CNBC,\u00a0Huffington Post,\u00a0<em>The Globe and Mail<\/em>, the American Express Open Forum,\u00a0<em>Fast Company, <\/em>Technorati,\u00a0<em>ComputerWorld<\/em>,\u00a0 ZDNet, abcnews.com, Forbes.com, The\u00a0<em>New York Times<\/em>, ReadWriteWeb, and many other sites.\u00a0 Phil also lectures about emerging trends and  technologies, and writes for a number of technology-oriented media  outlets.\u00a0 He holds degrees from Carnegie Mellon University and Cornell  University.<\/p>\n<p>If you would like more information about Phil Simon and all of his books, please visit his website at\u00a0 <a href=\"http:\/\/www.theageoftheplatform.com\" target=\"_blank\">www.theageoftheplatform.com<\/a>.<\/p>\n<p><strong>Hour 2:\u00a0 Vern McKinley<\/strong><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-4383\" src=\"https:\/\/barbadamslive.com\/wp-content\/uploads\/2012\/04\/VernMcKinleyPHOTO.png\" alt=\"\" width=\"100\" height=\"133\" \/>Vern McKinley joins the show during the second hour to discuss his book, <strong><em>Financing Failure:\u00a0 A Century of Bailouts. <\/em><\/strong><\/p>\n<p>During the recent financial crisis no issue has aroused more passion  than financial institution bailouts. The standard rationale for the  bailouts has been one of necessity and fear: federal regulatory agencies  must have more authority in order to respond to the crisis, or else the  public will face terrible consequences. But does this rationale hold up  to close inspection?<\/p>\n<p>Vern McKinley approaches the topic by  examining the policy decisions behind the bailouts and by showing their  connection to previous government interventions. He brings under  scrutiny the policy decisions made by the Treasury Department, the  Federal Reserve, and the FDIC during the crisis of the 2000s and links  them to policies that go back as far as the 1930s. This history of  bailouts reveals that the genesis of financial crisis is government  policy, be it the mismanagement of monetary policy during the 1930s or  the political push to expand home ownership that helped cause the 2000s  crisis.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-thumbnail wp-image-4384\" src=\"https:\/\/barbadamslive.com\/wp-content\/uploads\/2012\/04\/CenturyBailoutsBOOKCOVER-100x150.png\" alt=\"\" width=\"100\" height=\"150\" \/>The nation\u2019s federal financial regulators and the politicians claim to  have saved the American economy. In truth they have done everything  within their power to expand their own influence\u2014often far out of view  from the public and media. Instead of openly explaining their actions,  the bailout agencies have attempted to prevent the public from reviewing  their decision-making, often at tremendous cost to taxpayers.  McKinley\u2019s painstakingly researched and clear-headed analysis of  bailouts and government intervention shows that the American public has  accepted too many official pronouncements at face value, and that  reining in the federal regulators is a necessary step toward truly  promoting the safety and soundness of the financial system.<\/p>\n<p>Vern McKinley is a Research Fellow at the Independent Institute. From 1985 to 1999 Mr.  McKinley worked with the Board of Governors of the Federal Reserve,  Federal Deposit Insurance Corporation, Resolution Trust Corporation and  Department of the Treasury\u2019s Office of Thrift Supervision.\u00a0 In 1995,  McKinley graduated with honors from George Washington University School  of Law.\u00a0 Since 1999, McKinley has served as a legal advisor and  regulatory policy expert for governments on financial sector issues in  the United States, China, Nigeria, Indonesia, Ukraine, Kazakhstan,  Latvia, the Philippines, Yugoslavia (now Montenegro), Kenya, Morocco,  Sudan, Libya, Afghanistan, Armenia, Kosovo, and Tajikistan.<\/p>\n<p>For more information about Vern McKinley and his research, please visit his website at <a href=\"http:\/\/www.independent.org\/store\/back.asp?id=94\" target=\"_blank\">www.independent.org\/store\/book.asp?id=94<\/a><\/p>\n<p><strong>Hour 3:\u00a0 Yalman Onaran<\/strong><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-thumbnail wp-image-4387\" src=\"https:\/\/barbadamslive.com\/wp-content\/uploads\/2012\/04\/YalmanOnaranPHOTO-101x150.jpg\" alt=\"\" width=\"101\" height=\"150\" \/>Yalman Onaran joins Amerika Now during Hour 3 to discuss zombie banking and his book, <strong><em>Zombie Banks:\u00a0 How Broken Banks and Debtor Nations Are Crippling the Global Economy. <\/em><\/strong><\/p>\n<p>Zombie banks are insolvent financial institutions whose equity  capital has been wiped out so that the value of their obligations is  greater than their assets.\u00a0 Instead of \u201cdying,\u201d these banks are allowed  to \u201cstay alive\u201d through capital infusions from the government, loans  from central banks, or put another way, bailouts.\u00a0 They are a large part  of the global economic crisis.<\/p>\n<p>Yalman Onaran is a veteran financial reporter at <strong><em>Bloomberg News <\/em><\/strong>and  has studied bank insolvency for decades.\u00a0 One of the first reporters to  break the news of the collapse of Lehman Brothers and Bear Stearns,  Yalman also opened the Istanbul Bureau of Bloomberg News and exposed 13  insolvent Turkish banks which the government was allowing to continue to  operate.\u00a0 Onaran\u2019s work has appeared in the <em>New York Times, Washington Post, Chicago Tribune, Bloomberg, Businessweek, Frankfurter Allgemeine Zeitung, <\/em>and numerous other news outlets around the globe.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-thumbnail wp-image-4388\" src=\"https:\/\/barbadamslive.com\/wp-content\/uploads\/2012\/04\/ZombieBanksBookCover-97x150.jpg\" alt=\"\" width=\"97\" height=\"150\" \/>Find out why Yalman believes there is a strong need for better rules  to prevent financial institutions from getting to the point of  insolvency, or becoming \u201czombie banks.\u201d\u00a0 Even if they\u2019re not zombies  now, the biggest global banks are in danger of becoming zombies in the  next crisis or the one after.<\/p>\n<p>For more information on Yalman Onaran, please visit his website at <a href=\"http:\/\/www.zombiebanks.org\/\" target=\"_blank\">www.zombiebanks.org<\/a>.<\/p>\n<p><strong><br \/>\n<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>April 21, 2012\u00a0\u00a0 Show Archives\/Pod Casts\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Hour 1 &#8211;\u00a0 Hour 2 &#8211;\u00a0 Hour 3 Hour 1:\u00a0 Phil Simon Phil Simon joins Amerika Now during the first hour of the show to discuss his latest book, The Age of the Platform:\u00a0 How Amazon, Apple, Facebook and Google Have Redefined Business. Over the last five to seven [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[19,24],"tags":[],"class_list":{"0":"post-4368","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-show_archives","7":"category-guests","8":"entry"},"_links":{"self":[{"href":"https:\/\/barbadamslive.com\/index.php?rest_route=\/wp\/v2\/posts\/4368","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/barbadamslive.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/barbadamslive.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/barbadamslive.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/barbadamslive.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4368"}],"version-history":[{"count":9,"href":"https:\/\/barbadamslive.com\/index.php?rest_route=\/wp\/v2\/posts\/4368\/revisions"}],"predecessor-version":[{"id":4380,"href":"https:\/\/barbadamslive.com\/index.php?rest_route=\/wp\/v2\/posts\/4368\/revisions\/4380"}],"wp:attachment":[{"href":"https:\/\/barbadamslive.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4368"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/barbadamslive.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4368"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/barbadamslive.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4368"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}