Last week Amazon.com was the first of the large cloud service companies other than Rackspace to finally break out revenue and expenses for its cloud operation. The market was cheered by news that Amazon Web Services (AWS) last quarter made an operating profit of $265 million with an operating profit margin of 19.6 percent. AWS, which many thought was running at break-even or possibly at a loss, turns out to be for Amazon a $5 billion business generating a third of the company’s total profits. That’s good, right? Not if it establishes a benchmark for typical-to-good cloud service provider performance. In fact it suggests that some companies — IBM […]
Today was Tax Day in the United States, when we file our federal income tax returns. This has been an odd tax season in America for reasons that aren’t at all clear, but I am developing a theory that cybersecurity failures may shortly bring certain aspects of the U.S. economy to its knees.
I have been writing about data security and hacking and malware and identity theft since the late 1990s. It is a raft of problems that taken together amount to tens of billions of dollars each year in lost funds, defensive IT spending, and law enforcement expenditures. Now with a 2014 U.S. Gross Domestic Product of $17.42 trillion, a few […]
My friend Andy Regitsky, whom I have known for more than 30 years, follows the FCC, blogs about them, and teaches courses on — among other things — how to read and understand their confusing orders. Andy knows more about the FCC than most of the people who work there and Andy says the new Net Neutrality order will probably not stand. I wonder if it was even meant to?
You can read Andy’s post here. He doesn’t specifically disagree with my analysis from a few days ago, but goes further to show some very specific legal and procedural problems with the order that could lead to it […]
The Indiana Legislature is in the news for passing a state law considered by many to be anti-gay. It reminded me of the famous Pi Bill — Bill #246 of the 1897 Indiana General Assembly. There’s a good account of the bill on Wikipedia, but the short story is a doctor and amateur mathematician wanted the state to codify his particular method of squaring the circle, a side effect of which would be officially declaring the value of π to be 3.2.
The bill was written by Representative Taylor I. Record, sent to the Education Committee where it passed, went back to the Indiana House of Representatives where it […]
I’ve been hesitant to comment on the FCC’s proposed Net Neutrality rules until I could read them. You’ll recall the actual rules weren’t released at the time of the vote a couple weeks ago, just characterized this way and that for the press pending the eventual release of the actual order. Well they finally published the rules last week and I’ve since made my way through all 400+ pages (no executive summary commenting for me). And while there are no big surprises — much less smoking guns — in the FCC report, I think that taken along with this week’s Wall Street Journal story […]