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Wall Street Is Suicidal. It's Time to Focus on Those Who Aren't

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The debate over whether the DOW dropped Thursday because of Greece or because someone pushed "billion" rather than "million" in trading Proctor & Gamble stock doesn't matter.

What does is the market's response to bad news, whether that news is real or an accident.

Our Suicidal Market

The current market psychology is suicidal. Bad new arrives, and Wall Street immediately starts to drive our economic system off a cliff... again!

This should tell you and me... and our representatives in Washington... all we need to know. Since I don't think any of us want suicidal people determining the fate of our economy or of our nation ( No Matter How Wealthy Those Suicidal People Are ), it's time to change who we put front and center when looking at the fate of our nation.

"It's the response, stupid!" is what people should keep in mind.

We are living in the most challenging period since The Great Depression. Maybe even more challenging, because the fate of America is tied more directly - and more immediately - to world events than ever. WWII may have been global in scope, but it took years for the winners and losers to be decided.

Cooler, More Forward-Thinking Minds Needed

Because today's challenges involve economic transactions that happen in nanoseconds (rather than weeks, months, and years), the time has come for the most forward thinking people in America to come to the fore, both politically and economically.

We now know that the people on Wall Street are not those people. We now know that people on Wall Street do not know how to responsibly control how they respond to current events.

"Responsibility" = "Response Ability" = The ability to control your response. And Wall Street doesn't have any such ability. The people on Wall Street react like rats fleeing a sinking ship. And this after "we the people" gave them $Billions to keep their stupidity from crashing the system two years ago.

Well, now we know the people on Wall Street are both stupid and chicken. I'd say we've found out not a moment too soon.

What To Do? Where To Look?

It's time to change how we measure the well-being of America. It's time to change which people's behavior we watch. The DOW is not America. Wall Street is not America. What is America are the innovators amongst us. And I don't mean the innovators on Wall Street who create new forms of nothing - nothing of social benefit to society - to make money from.

Here are the kinds of innovators I'm talking about: I am not associated with this event, but I did hear about it today. These two quotes from the larger event description are why I think you should know about it too:

Federal agency deciding how to better inform citizens? Engage.
Social entrepreneur trying to spread the cause? Sign up for a heaping serving of good.
Securing the homeland? Fast track through the security line.

TRDC is designed for a diverse mix of business strategists, designers, developers and communication professionals from media; government agencies and service providers; NGOs, associations and non-profits; device-makers; designer-developers; techies, marketers, investors, as well as mobilecom, telecom, social media and entertainment transformers.

So, this isn't just about making money without caring who you hurt in the process. There's a strong ethical element built into the agenda.

Here's the complete description. I have some closing thoughts after it.

Tabula Rasa DC
what's your app?

A million iPads have been unboxed in just a few weeks. 2300 pay-for apps are now creating cash flow on the iTunes store. Only one question remains: What's your app?

We're bringing Tabula Rasa to the Gannett-USAToday campus from 1-4:30 pm on June 14 to help you answer the question.

Media-maker competing for audience? Jump the competition.

Developing apps for your business or service? Get an edge.

Designer or developer? Show off.

Federal agency deciding how to better inform citizens? Engage.

Social entrepreneur trying to spread the cause? Sign up for a heaping serving of good.

Securing the homeland? Fast track through the security line.

We've been preparing for this creative moment since we bought our first Mac II back in the Dark Ages. Read our Right>Brain agenda for achieving meaning in the Conceptual Age.

What to do

We're assembling another master cast (see our group in NYC) of innovators, developers and visionaries -- we call them Davincis -- for hands-on guidance, creative inspiration and how-to maps for apps on the iPad and the wave of mobile, high-concept, high-touch personal computers. We'll demonstrate how first-movers create advantage. We'll show how the app-savvy can expand engagement. We'll flash forward to the shiny new things that will make your eyes pop in the exciting years to come. But mostly we'll help you figure out what to do now, as well as in your flash-forward future.

Who should attend?

TRDC is designed for a diverse mix of business strategists, designers, developers and communication professionals from media; government agencies and service providers; NGOs, associations and non-profits; device-makers; designer-developers; techies, marketers, investors, as well as mobilecom, telecom, social media and entertainment transformers.

A nutritional disclosure: We eat our own cooking. Tabula Rasa is hands-on, presented on the iPad. Bring yours. Our experts will show how to get the most out of it, make you aware of its limitations, and disclose what's coming next. We'll also provide a glimpse of other shiny new things headed our way, as well as what they mean.

There's nothing mushy about TR. It's not one of those me-too conferences with posers who sit on panels and complain about Facebook. Save the five-hundred bucks (or more) for those conferences; buy an iPad instead. At $200, Tabula Rasa is less than half of what the iPad-come-lately conferences charge.

We know where this moment leads. Check out our agenda here and join us.

You get the point Washington. Space is limited, so register today and watch this blog for updates on the program and participants.

Interested in throwing down your app? Contact dale@wemedia.com
What's your app?: The program

12:30 pm: Registration at Gannett conference center (directions below)

1 pm: The Apportunity
In just a few weeks, a stunning future has emerged with new markets, audiences and opportunities. We'll describe how it both disrupts and enhances personal computing and digital communications. We'll demo the best, early responses and measure their success. And we'll show where this moment of creativity, innovation and entrepreneurship leads.
- Design-driven innovation
- Shiny new things
- Everyone, everything, everywhere
- Right>Brain Rules

1:45: Apponomics
Please don't ask "where's the money?"
Play and prosper in the App Economy.
- How to profit
- Open vs. Apple
- The balance sheet
- Creating good
- Engagement

2:30: Meet the DaVincis: Networking and coffee break at our Genuis Bar

3:00 Apptitude
How to get it. Get down with developers.
- Fast company
- What to do. And with whom.
- Test drives

3:30: Throwdown DC
Demo your so-cool app and get some good back from DC's top innovators

Want to throw down your app or idea? Email dale@wemedia.com to get on the program.

We Must Look To The Future, Not Just The Past

So, the innovative culture surrounding the Apple iPad - (and maybe the upcoming HTC EVO 4G?) - will meet to continue figuring out what the world - both business and social - is going to look like.

I'm thinking of going. And I hope the mainstream media decides to cover it.

Why? Because it's time we stopped thinking that what happens on Wall Street is the most important thing happening in America. I constantly hear talk about how "We need to grow our way out of this recession." Well, Wall Street is not where that growth is going to come from. In fact - as we saw today - it's where that growth can be killed in a manner of minutes!

The real growth is in the entrepreneurial sector. It's where the innovators who work with real products and services can be found. It's where a future that produces both profit and increased well-being for all is being born!

We Must Reform Wall Street Too

Just to be clear, I know how important it is to reform Wall Street. I favor strongly regulating the banking industry and creating an independent consumer financial protection agency.

But part of what will make reforming Wall Street possible is to move Wall Street out of the center of our focus... to take away the celebrity element that has been part of the Wall Street culture for the last 30 years.

I want the celebrities in our society to be those who are helping make society work better, not those who are so psychologically unstable that they are ready to jump ship at a moment's notice... taking the American economy with them.

That is short-term thinking - which we already know runs rampant on Wall Street anyway - taken to the limit: to the point where it really could kill the American economy.

Here's to a more hopeful future... where we all start watching those people who want to help rather than hurt America.