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Monthly Archives: October 2010

Ross Douthat here.  Jonathan Haidt here.

I’ll have more to say about the tea parties, extremists on both sides, and the culture wars soon. For now, I think  there’s something quite wrong with the mainstream (liberal) narrative about the tea parties, but I can’t put my finger on it. These two pieces are heading in the right direction.

When I read this:

Google is using its vast database of web shopping data to construct the ‘Google Price Index’ – a daily measure of inflation…is working on “predicting the present” by using real-time search data to forecast official data that are only released with time lags.

I think to myself, this is just the tip of the iceberg.  Google needs to find revenue streams other than search. At some point, Google is going to realize that

  • Google is all about processing information
  • Wall Street is all about processing information
  • Google would be very good at doing what Wall Street is doing
  • Doing what Wall Street is doing (better) would create an enormous revenue stream.
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