NetBooks now account for 10 per cent of all PC sales. That’s having a serious impact on Certain Monopolists, as this NYT report suggests.

In its last quarter, Microsoft posted the first sales decline in its history for the PC version of Windows. It blamed netbooks for the drop. On average, Microsoft charges computer makers $73 for Windows Vista, the version of Windows used in desktop and high-powered laptop PCs. That is triple what it receives for a sale of Windows XP for a netbook.

For Intel, the Atom chips represent lower-profit products, which could turn into a major sore spot if consumers become comfortable with netbooks and start to view them as replacements for standard computers.

In his recent report, Mr. Sacconaghi speculated that 50 percent of consumers could get by with an Atom-based computer for their everyday tasks. PC makers like H.P., Acer and Dell, which face razor-thin profit margins selling laptops, could use the rising competition to place more price pressure on both Microsoft and Intel, Mr. Sacconaghi said…

Bob Cringely was on the Presidential Commission that investigated the accident at the Three Mile Island nuclear power plant. He’s just published a fascinating blog post looking back on it.

The folks at TMI did not really know how to manage the technology of a nuclear power plant, and that led to a huge mess. The same thing has now happened to our economy. Congress changed the banking and mortgage lending rules without regard to their purpose. Many firms bought derivative securities without the slightest thought to the math behind them or the risk they were incurring. Nuclear power plants run on a chain reaction process of atomic decay. Our government and investment community created a chain reaction of economic decay.

Chemical plants were better designed than nuclear power plants in part because Congress did not legislate how the chemical industry designed their plants. But more importantly most chemical firms of that era had CEO’s with engineering degrees. They had respect for the technology and the risk of misusing it. But that doesn’t make the chemical industry blameless. With the off-shoring of manufacturing a lot of chemical production is now being done in places where there is little respect for the dangers of technology. The chemical industry’s TMI was Bhopal. There will be more Bhopal’s coming because those companies are now being managed by bean counters, not engineers.

From yesterday’s Irish Times:

“The rules of Portmarnock Golf Club do not state it excludes women but rather say that membership is limited to men, counsel for the club has argued before the Supreme Court.

That is not discrimination within the meaning of the Equal Status Act 2000, and there must be an equal right to associate with persons of one’s choice, Donal O’Donnell SC submitted.”

The Justices reserved judgment on the ‘preliminary issues’ in the case.

The stakes are high. Section 8 of the aforementioned Act provides for the suspension of the registration of a discriminating club, which means that it could not get a licence to sell alcoholic beverages.

Flann O’Brien, where are you when we need you?

Lovely tweet from one of my Twitter buddies last night:

“Have just realised missing husband is at wembley. Excellent. Remote control all to myself for maybe another hour.”