Best Biz Books of 2008

The whole shebang is in Monday's Miami Herald along with requisite disclaimers here. I'll post the full article later in the week (since I like to give 'em at least a 24-hour exclusive) but here's the list (in chronological order).

Click on the text of each title to read the original review. Previous years' lists can be found here.


The Adventures of Johnny Bunko: The Last Career Guide You'll Ever Need. Daniel H. Pink, Rob Ten Pas. Riverhead Books. 160 pages.


Presentation Zen. Garr Reynolds. New Riders. 227 pages.


Buying In: The Secret Dialogue Between What We Buy and Who We Are: Rob Walker. Random House. 256 pages.


Crunch: Why Do I Feel So Squeezed? (And Other Unsolved Economic Mysteries). Jared Bernstein. Berrett-Koehler. 225 pages.


Crowdsourcing: Why the Power of the Crowd is Driving the Future of Business. Crown Business. Jeff Howe. 320 pages.


The Age of Heretics: A History of the Radical Thinkers Who Reinvented Corporate Management. (2nd Edition). Jossey-Bass. Art Kleiner. 432 pages.


The Plan: How to Rescue Society the Day the Oil Stops — or the Day Before. Edwin Black. Dialog Press. 192 pages.


Tribes: We Need You to Lead Us. Seth Godin. Portfolio. 160 pages.


Reality Check: The Irreverent Guide to Outsmarting, Outmanaging and Outmarketing Your Competition. Guy Kawasaki. Portfolio. 496 pages


Globalization: n. the irrational fear that someone in China will take your job. Bruce C. Greenwald and Judd Kahn. Wiley. 186 pages.

Bonus: Best non-fiction non-biz book

Storming Las Vegas: How a Cuban-Born, Soviet-Trained Commando Took Down the Strip to the Tune of Five World-Class Hotels, Three Armored Cars, and Millions of Dollars. John Huddy. Ballantine Books. 364 pages.

Can't buy Beatles?

"the inability of Apple and EMI to get this music onto the market is a symbol of how pathetic the record business has become..."
from Allan Kozinn's terrific article on Apple and EMI's failure to issue upgraded Beatles recordings.... and how the market has responded.

All hail Purple Chick!

It's the season for love

Except for pressure groups who preach love and practice hate.

Isn't a loving family preferable to the alternative?



Kudos to Campbell Soup for resisting the Soup Nazis and standing up to hate.

Besides, diversity and inclusion are important components of good marketing.

(Looks like a pretty good recipe, too. Will have to give it a try.)

The Zen of Presentation

More than words: Books tell you how to motivate
Learn how to say what you mean, conceal what you say and stimulate your audience with these three new books.

BY RICHARD PACHTER

Communicating to persuade or motivate is a challenge for many businesspeople. Being literate and intelligent is not enough. Creativity is involved, but it requires the suggestion of images, emotions and other connections in order to achieve the desired effect. Even when the message is solely composed of text, images and other sensual cues are evoked to stimulate and create interest. Here are three recent books that look at ways to arouse emotion and connect the feeling to the action.


Powerlines: Words that Sell Brands, Grip Fans, and Sometimes Change History. Steve Cone. Bloomberg. 272 pages.

Cone presents an overview of how words are used in speeches, for political purposes, in advertising and the like. It's a nice, freewheeling discussion, sort of a ''Words 102'' course, with lots of examples, anecdotes and back stories. As an advertising executive, he's perfectly positioned to relate ways that combinations of words form catchphrases, tag lines and slogans. And there's lots of backstage stuff, too, with anecdotes about the unsung executives and ''creatives'' responsible for some of the more memorable campaigns.

Though more a survey of the field than a how-to, Powerlines would be a worthy addition to a vocational library or as a reference book for would-be copywriters.


Subliminal Persuasion: Influence & Marketing Secrets They Don't Want You To Know. Dave Lakhani. Wiley. 202 pages.

Lakhani presents basic copywriting principles in the context of ''subliminal persuasion,'' which makes it sound arcane and exotic. Well, maybe, but many of the ideas he offers are substantially less mysterious and forbidden than advertised. And that's fine, since he's applying some of his principles to the packaging and presentation of his text.

He invokes a number of sources to illustrate his thoughts, including a presentation by advertising guru Roy Williams that I've witnessed, where he played Bruce Springsteen's upbeat, anthemic Born In The U.S.A., then went over the lyrics, which are depressing and downbeat. This illustrated the fact that a feeling can be created that may be contradictory to the actual message contained in the text when packaged in a distracting way -- a nice lesson for the current political season.


Presentation Zen. Garr Reynolds. New Riders. 227 pages.

PowerPoint presentations are usually pretty lame. It's strange, because one would think that using a tool like that would enable and unleash creativity. But, no. Presenters usually jam in as many words as possible and accompany them with boring images like logos and charts. What a snooze!

Garr Reynolds feels our pain. An authority on presentations, he's also a corporate veteran, so he's probably suffered through more than his fair share of ponderous show-and-tells. His book is beautifully designed and a pleasure to behold, and he's not afraid to use white space, all text, photos, colors and any combination of the above. As with the best writers, he understands that there must be an emotional connection between the idea and the audience so he shows how it's done. Of course, there's no one right way to achieve this, so he includes ideas and contributions from great minds (and presenters) like Guy Kawasaki, Daniel Pink, Seth Godin and others.

The Zen from the title is apparent throughout the book. Reynolds is a wise and whimsical character who advocates creativity and thought in everything we do, which will improve our presentations, too. His closing words on life, living and learning is the perfect coda to this terrific book, which encompasses much more than its goal and stimulates additional thought and reflection — just like a great presentation should do.

Beatles Christmas Mash

From the brilliant TJT of the fabulous Beatles Remixers Group, of whom I remain in awe.

AT&T lied to me

Said that I could switch my DSL to another line when I disconnected the one it was on — seamlessly and simultaneously.

Hah!

UPDATE
Back on the grid, but if they would have been honest, there'd be no interruption.

(And by the way, the "customer care" phone interface really blows!)

Yes, but

'
'Yes!' presents a pretty persuasive case
This new book, based on the work of Influence guru Robert Cialdini, simplifies the rules of persuasion.
By RICHARD PACHTER

Yes!: 50 Scientifically Proven Ways to Be Persuasive. Noah J. Goldstein, Steve J. Martin and Robert B. Cialdini. Free Press. 272 pages.

I'm not sure if this book was persuasive — at least in one aspect. Sure, each short chapter features a principle of persuasion, explained and amplified with examples and anecdotes. And the idea behind each one is lucidly presented, logical and — for the most part -- surprisingly obvious, meaning that few of the ''50 scientifically proven ways to be persuasive'' are terribly counterintuitive; in fact, each one makes sense.

For example, in one chapter, they discuss how the brilliant copywriter Colleen Szot made a slight change to an infomercial and saw response rates skyrocket.

Instead of telling prospective customers that ''operators are waiting, please call now,'' which invokes an image of bored employees staring skeptically at their idle telephones,' Szot's script says ''if operators are busy, please call again,'' to which the authors add, "Now consider how your perception of the popularity of the product would change when you heard the phrase `if operators are busy, please call again.' Instead of those bored, inactive representatives, you're probably imagining operators going from phone call to phone call without a break. In the case of the modified 'if operators are busy, please call again' line, home viewers followed their perceptions of others' actions, even though those others were completely anonymous. After all, 'if the phone lines are busy, then other people like me who are also watching this infomercial are calling, too.' ''

It's a subtle but powerful distinction, and if it defies credulity, it's only because you may not have considered that we — consciously or otherwise — tend to seek the security of like-minded people when making a decision. You may not think that is the case, especially if you are a bold, iconoclastic, freethinking individual, but according to the authors, their research indicates that most people do what most people do.

The other 49 principles are equally applicable to the masses; after all, though there are rugged (or refined) individualists among us, this book is focused on the tendencies of groups, though exceptions are inevitable. But the idea here is not to use the information and methods for funky or malevolent purposes. In fact, the authors repeatedly warn that any claims or statements used to advance ideas or elicit actions must be truthful and correct. And the book's brief epilogue recounts a cautionary tale involving the abuse of these methods.

Following that, they include an interesting set of testimonials from professionals who've employed 34 of their 50 ways. Not coincidentally, it's an ideal demonstration of the power of authority to convince readers of their efficacy.

But what about this book was unpersuasive? For me, it was the participation of Robert Cialdini, whose name is twice the size of the others on the dust jacket. My sense is that his ''authorship'' possibly consisted of reviewing the text, which was most certainly inspired by his earlier work, specifically his classic Influence: Science and Practice, currently in its fifth edition. Though ''Yes!'' is a solid, useful and very readable look at the subject, it lacks the good professor's voice — though you may be persuaded otherwise.

published 12/15/08 in The Miami Herald

Four random books on work

Protect your job and yourself
Talent isn't always sufficient; it's hard work that usually wins out.
BY RICHARD PACHTER

A recruiter pal told me the other day that despite the ongoing waves of layoffs, some companies are still hiring, though specific skills and other qualifications are more important than ever. That's good news for those of us who seek new challenges. But it's also a cue to develop extra skills, including the ability to survive and thrive in an often-hostile workplace. One may not necessarily gain immunity from unemployment, but whatever can reduce the opportunity for adversity should be considered.

Here are four recent books that can provide those who are working — or ''between opportunities'' — with insights and tools for survival.


Overworked, Overwhelmed and Underpaid: Simple Steps to Go From Stress to Success. Louis Barajas. Thomas Nelson 192 pages.

Barajas's earlier book, The Latino Journey To Financial Greatness, was his effort to convey personal finance principles to a ''Latin'' constituency — as if they were a homogenous group! I didn't think so (and still don't), but fortunately no such ethnic profiling is evident here. Instead, he acts as a coach, attempting to interact with the reader and force consideration of how they approach their jobs, how others perceive them and what their career goals are (or should be). It's pretty basic stuff, though it includes an array of self-assessments that can benefit workers at any stage of their careers. Whether or not they apply the time and attention required is the critical question, though, but if they do, benefits will undoubtedly flow.


There's No Elevator to the Top: A Leading Headhunter Shares the Advancement Strategies of the World's Most Successful Executives. Umesh Ramakrishnan. Portfolio. 256 pages.

Ramakrishnan is a headhunter, and his book is an expansive collection of front-line tales and reflections. His style is breezy and conversational, but the informality belies the seriousness with which he takes his mission. Since Ramakrishnan's narrative is, essentially, a series of visits with corporate executives, he adds an executive summary at the end of each chapter, which works out quite nicely. While there are few head-slapping revelations herein, the author's confident prose, abetted by the words of his interview subjects, speak as the voice of experience.

Much of what is discussed falls under the heading of common sense, yet it's always easy to make this assessment after the fact. Armed with the observations of Ramakrishnan and his team of senior executives, though, it may be possible to be more effective and proactive.


The PITA Principle: How to Work With (and Avoid Becoming) a Pain in the Ass. Robert Orndorff and Dulin Clark. JIST Works. 227 pages.

Someone who once worked for me over-communicated. It was useful at first, then it became annoying. Co-workers and managers said he wasted their time with too many details; too much information. After being advised of ways to provide access to information in a less intrusive way, his reputation changed dramatically, and he actually became the go-to guy on special projects.

Similarly, Orndorff and Clark portray a variety of well-meaning and not-so-well-meaning characters who cause aches in the posterior. They also provide ways to avoid or modify those deleterious behaviors and channel the energy in more productive ways.


Talent Is Overrated: What Really Separates World-Class Performers from Everybody Else. Geoff Colvin. Portfolio. 224 pages.

Colvin says that dedication and hard work always trump talent. But what is ''talent,'' anyway? Is it something mystical? A natural phenomenon? Whatever, its ineffable nature makes it suspect, and the author's sharp observations and apt anecdotes succinctly demonstrate that dedication, preparation and other skills are the key ingredients for success.

published 12/8/08 in The Miami Herald

Review: Storming Las Vegas

This is the extended text of the review of Storming Las Vegas that was published in The Miami Herald in May 2008. A few weeks later, this version was broadcast on the South Florida Arts Beat show on WLRN-FM, the Miami NPR station. I'll post the audio file (eventually), but the book is due for release soon as a paperback with new material, according to an e-mail I just received from the author, the amazing John Huddy.

Intro (Ed Bell): "Crime and criminality. Narrative styles. Steve Martin’s career turning-point, where he was convinced that he shouldn’t quit comedy. And the story of the Cuban military officer trained by the Russians who unleashed a brutal series of casino robberies on some of the biggest hotels in Las Vegas. Our reviewer, Richard Pachter, explains."

When you think about it, it’s pretty creepy. Why are otherwise law-abiding, peaceable people like you and me interested in violence and criminality? Solid citizens who wouldn’t even dream of squishing a stray palmetto bug seem inextricably attracted to bloody murder mysteries and detailed nonfiction accounts of criminally insane serial killers and their brutal sprees.

There’s no obvious answer but I’ll guess it’s because these acts present a crystallized, concentrated dose of extreme human behavior and emotion. In the hands of a really smart writer, they become more than just a recitation of the facts on a police blotter. The visceral aspects of the violence are also often less sensationalized and vulgar in this context.

Veteran TV producer and former Miami Herald writer John Huddy, while visiting Las Vegas, caught a whiff of a tale of a Cuban refugee — a Marielito, in fact — in custody after leading a succession of ultra-violent robberies at some of the city’s best-known casinos. Having started his career as a cops-and-courts reporter, Huddy knew that law enforcement personnel are usually fairly circumspect about their cases. Most prefer not to blab too much, but there was something about this case that piqued Huddy’s interest.

And Huddy’s interest is, itself, an interesting thing. Who is John Huddy?

For those of us who were Miami Herald readers in the mid-to-late 70s and early 80s, John Huddy was one of those writers like Edna Buchanan, Carl Hiassen and others who made that paper the legend that it still is today, to a great extent. Steve Martin recently gave props to Huddy in a memoir of his early stand-up comedy career, "Born Standing Up."

He wrote: "In Florida one night, it was balmy and I was able to take the audience outside into the street and roam around in front of the club, making wisecracks. I didn't quite know how to end the show. First I started hitchhiking; a few cars passed me by. Then a taxi came by. I hailed it and got in. I went around the block, returned and waved at the audience — still standing there — then drove off and never came back. The next morning I received one of the most crucial reviews of my life. John Huddy, the respected entertainment critic for the Miami Herald, devoted his entire column to my act. Without qualification, he raved in paragraph after paragraph, starting with HE PARADES HIS HILARITY RIGHT OUT INTO THE STREET, and concluded with: 'Steve Martin is the brightest, cleverest, wackiest new comedian around.' Oh, and the next night the club owner made sure all tabs had been paid before I took the audience outside.

"Roger Smith had told me that when he came to Hollywood from El Paso to be an actor, he had given himself six months to get work. The time elapsed, and he packed up his car, which was parked on Sunset Boulevard, where his final audition would be. Informed that he was not right for the job, he went out and started up his car. He was about to pull away, away to El Paso, when there was a knock on his windshield. 'We saw you in the hall. Would you like to read for us?' the voice said. He was then cast as the star of the hit television show, '77 Sunset Strip.'

"My review from John Huddy was the knock on the window just as I was about to get in my car and drive to a metaphorical El Paso, and it gave me a psychological boost that allowed me to nix my arbitrarily chosen 30-year-old deadline to reenter the conventional world. The next night and the rest of the week the club was full, all 90 seats.”

So Huddy has a lot of weight and credibility. Just do a Google search on him, if you like, and see.

"Storming Las Vegas" is an amazing and absorbing story. The leader of the gang, Jose Vigoa, was a Cuban national trained by the soviet military, who fought in Afghanistan and Angola as a Special Forces officer. He came to Florida during the Mariel boatlift, and joined a relative in Las Vegas. After several menial jobs, he dealt drugs, got caught and went to prison. Upon release, he formed a gang and in a 16-month period, hit five high-profile casinos: the MGM, the Desert Inn, New York-New York, the Mandalay Bay and the Bellagio, netting millions of dollars. Though the crimes were meticulously planned and Vigoa claimed to be attempting to avoid violence, two security guards were killed during one robbery. A task force was assembled, and well, Huddy had the cooperation of almost all of the major players in the story, including Vigoa and the Las Vegas police detective who led the investigation, so the story is well told and suspenseful.

Interestingly, all is recounted in the present tense, which an old writing guru once told me added immediacy and impact. Wonder if Huddy attended the same class… or taught the guru in the first place.

In addition to the great narrative, I learned some things about Huddy I didn’t know, including the fact that he grew up in Cuba before Castro at Gitmo, where his father ran the base’s telephone system.

"Storming Las Vegas" doesn’t provide any answers to the question of why crime fascinates non-criminals, but in addition to the story of Jose Vigoa, the book also brought me back to those days in the late seventies, when I’d get up every morning, trudge barefoot across the white gravel in my driveway on Loquat in the grove, crouch down, pick up my Herald and wonder what wonderful writing I’d soon be reading from Huddy, Hiaasen, Buchanan and the rest...

Juicing The Orange

Squeezing unique advertising ideas out of everyday products
Veteran advertising executive Pat Fallon's relentless creativity and integrity brought his Minneapolis agency international acclaim.
BY RICHARD PACHTER

Juicing The Orange: How To Turn Creativity Into A Powerful Business Advantage. Pat Fallon and Fred Senn. Harvard Business School Press. 255 pages.

You have to have a bit of an ego to start your own business, since it's implicit that you think you can do something better than the companies that are already doing it. So when your business is successful, it's not surprising that your own company is prominently featured in a book you write about how to do that thing you do. The trick is to not sound like you're completely full of yourself like Jack Welch, for example, or greater, deeper more spiritual lessons can be drawn from your good fortune and hard work — like any number of businesspeople turned writer-gurus.

Fortunately, that's not the case here, though putative author Par Fallon (I suspect collaborator Fred Senn did most of the heavy lifting here) provides insights based on the great work done by his namesake agency. He also draws a few lessons from his failures, but doesn't spend much time dwelling on them, though others might be tempted to not only dwell, but point fingers, whoop, dance and laugh. More about that later.

Fallon's advertising agency, originally called Fallon McElligott Rice (now Fallon Worldwide, part of the French-owned Publicis Group), broke out of its Minneapolis base by doing strikingly creative work, gaining national and international accounts like United Airlines, Lee Dungarees, Skoda Automobiles, Virgin Mobile, Miller Beer and other products and services.

The premise of this book — and Fallon's philosophy — is that the effective use of creativity is the key to successful advertising. But there's more to it than that, of course, as the text tells how his agency didn't merely rely on intuitive connections and inspirational executions. They did research. They examined how the clients' stuff was perceived in the marketplace, the ways that customers used or didn't use it and any negative notions associated with the thing. Then, they got creative.

For example, the Skoda was a joke, a punch-line to European car buyers, much like the Yugo was here, a while back. Even after the company was acquired by Volkswagen and the vehicle's quality dramatically improved, would-be buyers stayed away. Because the Skoda was so un-cool, they feared ridicule for driving it. Fallon and his team decided to tackle the issue directly, using the tagline, "It's a Skoda. Honest." in their ads. Of course, if the car was still a clunker, the advertising would not have worked, but it wasn't and it did, despite initially powerful resistance from executives within Skoda who did not want to deal with their car's bad reputation.

Fallon's crew was also responsible for the infamous "It's Miller Time" and "Dick, the Creative Genius" ad campaigns for Miller beer. It was a classic case of not only misjudging the market but aggravating the product's distributors who hated the offbeat and ineffective ads. But Fallon only briefly touches on them before touting his group's great work for CitiBank. Who could blame him? Feh!

The story of Fallon's refusal to give in to the demand of the supposedly religious owner of a giant national pizza chain to drop a pro bono account promoting the interests of children speaks well of his concern for maintaining his company's unique culture.

As admen's memoirs go, this one is gently entertaining and offers some examples of fine work, but I was equally impressed by Fallon's integrity, too. (Samples of Fallon's ads appear on the book's website.)

Remarkably similar to something published in The Miami Herald on 8/7/06

The Boat That Rocked

This could be good.

Wonder if it features my old pal, Howie Castle.

Joe Satriani Vs. Coldplay

Backstory here.

More John Irving

An interview from Russian television.

John Irving Update!

British and Canadian rights to new novel announced; October 2009 hardcover publication.

(from Publisher's Lunch 12/2/08 ) "John Irving's Last Night in Twisted River, set in a New Hampshire sawmill settlement, spanning five decades, as the central character and his 12-year-old son become fugitives after a case of mistaken identity, to Louise Dennys at Knopf Canada; to Alexandra Pringle at Bloomsbury UK, for hardcover publication in October 2009; and to Bill Scott-Kerr at Transworld for paperback, by Dean Cooke at The Cooke Agency."

Here's a recent interview with the author.

Rare Bob Dylan

"Spanish Is The Loving Tongue"

Have no idea why this isn't on any currently-available Dylan album — Bootleg series or otherwise. It was originally the B-side of the 1971 "Watching The River Flow" single. A different version showed up on the "Dylan" album, released after he (briefly) left Columbia Records in 1972. Inexplicably, that version isn't available for streaming on the album's Bobdylan.com page. Wonder why? Something related to publishing, I'd guess.

But the sole legit appearance of this version, featuring just Dylan's voice and piano (other than the single), was on "Masterpieces" a compilation released only in Australia, New Zealand and Japan prior to Dylan's 1987 tour of the region.

I think this version is the real deal. Enjoy!

Globalization makes the world go round

I usually read the book(s) and write the reviews a few weeks ahead — or at least a week. Sometimes, I like to work right on deadline, but for this one, I wished I'd given myself a little more time so I could've done a Q&A with the author. I'd realized this over the weekend as I wrote the review, so I blithely e-mailed the publicist and on Monday, spoke to the author as I sat at a Panera Bread in Naples, Florida. (I'd gallantly driven my dear wife to Naples on a top-secret mission for the day.)

I hate doing phoners. I always take notes, but can never decipher them later. And since the subject was economics, I was doubly concerned. But the author, Bruce Greenwald, was great; clear and succinct. And I made a point of repeating what he'd said in my own limited vocabulary, so it seemed to have worked out well.

One other thing: Greenwald takes a few very gentle shots at columnist and author Thomas Friedman in his book, but I don't have to be gentle. Friedman's cheerleading for the Iraq War was disgusting, so it was with some glee that I told the professor about the Friedman Unit (F.U.), a term originated by blogger (and economist — damn!) Duncan Black a/k/a Atrios, in his blog Eschaton, referring to Friedman's repeated insistence that "another six months" is required to see how things are going in Iraq. (That's worked out rather well, hasn't it?)

It was a pleasure to share that with Prof. Greenwald, to which I added a little gossip about Tom's fortune... which he earned the old-fashioned way — through marriage.

Anyway, enough snark. Here's the review.


Globalization myths debunked
A new book says that international trade isn't the problem — it's the solution.
BY RICHARD PACHTER

Globalization: n. the irrational fear that someone in China will take your job. Bruce C. Greenwald and Judd Kahn. Wiley. 186 pages.

It's a really loaded term that triggers sundry hot buttons like ''outsourcing,'' ''imports,'' ''protectionism,'' ''layoffs'' and more. But apparently, everything we thought we knew about globalization is wrong.

Columbia professor and economist Bruce Greenwald, abetted by collaborator Judd Kahn, deftly punctures the prevailing wisdom on the effects of international trade, arguing that most of the books and reporting on the subject deal with this complex, multidimensional phenomenon simplistically, anecdotally and incorrectly. They support their contention with a holistic, research-driven discussion.

Surprisingly, even though most writers (and politicians) look at the issue as if it's something new, it's been going on nearly forever, and our same panicky concerns are hardly original. The world isn't flat, hot, round or whatever billionaire bloviator Tom Friedman's next book says it is, according to Greenwald and Kahn. Local interests still prevail in most of the industrialized world. And whenever there's an attempt to control, restrict or ''manage'' commerce with taxes, incentives, regulations or military force, the ''Rule of Unintended Consequences'' kicks in and things go awry.

It's not globalization that's screwing things up. On the contrary. Overriding local political and economic interests subvert the flow of commerce, which introduces disparities and deficits that result in trade imbalances, inflation, deflation and unemployment.

CONCISE, COMPELLING
It's a bit much to summarize here beyond that, though in a mere 170 pages of text, Greenwald and Kahn present a very persuasive case. It's economics, of course, not a romance novel with teen vampires, but they lucidly render the draining of the world economy's lifeblood into an absorbing and compelling experience.

I wondered what Prof. Greenwald would have added (or subtracted) from his book in the wake of the recent economic turmoil. In a brief telephone interview, he pointed out that it's not recent at all, but ongoing in Europe and Asia for some time. Local governments' support and protection of agriculture and manufacturing, for example, artificially maintained high employment in sectors where productivity has grown, yet demand remains static. That's impossible to sustain, so unemployment increased dramatically.

U.S. ADVANTAGE
In that sense, we have an advantage, as agriculture and manufacturing aren't dominant elements of the American economy, and no longer constitute ironclad political constituencies. That's the good news, according to Greenwald. The bad news is that our low rate of savings and high trade deficits diminish our spending power. We're ''leaking'' an amount equal to our trade deficit, he said, which diminishes our spending power. But nations with trade surpluses are constrained in other ways; though their ''wealth'' may be in dollars, their own currencies are also adversely affected.

What's ultimately required is ending the standard of a single nation's currency (like the dollar) upon which others are based. In addition, the playing field really has to be flattened, which means no more protectionism and price supports. Good luck with that! True globalism, ironically, may be what's been missing. Adversity brings opportunity and now may be the ideal time to effectively deal with these long-festering issues. Understanding them, without hysterics and histrionics, is the first step.

published 12/1/08 in The Miami Herald

Bob Dylan on marketing

So Dylan just put out another (the eighth, so far) of the "Bootleg Series" compilations of unreleased material. I have most of them because they're great. If you like Dylan, they're indispensable.

The latest one is a 2-CD set, which is available everywhere that still sells CDs, and online through the usual outlets. But there's also a 3-CD version that includes all the songs on old-fashioned vinyl lps, too, and a hardcover book. It goes for about $170 bucks, too rich for me!

But damn, I want those 12 extra songs, so I started poking around online and made a rather interesting discovery. They're here on Dylan's website. Listen to 'em free along with the other 2 CDs... and everything else Dylan ever recorded and released legitimately.

Sure, you can't download and burn 'em onto your hard drive or iPod or a CD but you can listen, which is brilliant marketing.

Of course, Bob is an old advertising guy. Here's a commercial he shot a few years back with one of his grand kids.



And here's another one he did with his car.