Category Archives: economics

Form and Substance

There is no sugar-coating it. President Joe Biden had a train wreck in his first 2024 debate with Former President Donald Trump. Fifty-one million watched. I wrote that I had concerns because Biden had seemed physically feeble during some appearances in the last year. Right as he walked out on the debate stage, I saw those signs, Biden walking slowly and speaking slowly and in a soft scratchy voice. I did not expect to see him ramble and become incoherent, but he did that more than once. At other times he was clear, combative, and effective, defending his administration and listing his accomplishments. But you could not fail to notice the other moments.

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Warnock, Geschke, and Adobe

I was sorry to hear about the recent passing of John Warnock. I have a feeling many of you do not recognize that name. Nor will you recognize the name Charles Geschke, who was Warnock’s business partner and who died in 2021. But I am quite sure you recognize the name PDF. And the PDF is without question Warnock and Geschke’s greatest invention.

Warnock and Geschke were pioneers of the high-tech computer revolution. Like most successful entrepreneurs, they identified a problem and set out to solve it. Unlike most of the visionaries who made the west coast their home, Warnock and Geschke were quiet, unassuming, and shy.

In the 1990s, even though I was the New York based bureau chief for public television’s Nightly Business Report, I was allowed to travel to San Francisco every December and set up shop for a week at the Fairmont Hotel. We covered an annual Business Week conference titled, “The Digital Economy.” But we also spent a few days visiting the headquarters of Silicon Valley trailblazers and telling their stories.

Almost to a man, and they were almost all men in those days, they were thrilled to sit down in front of our camera to brag about their inventions. Warnock and Geschke were exceptions. They were happy to welcome us to the San Jose headquarters of Adobe, the company they founded in 1982. But they wanted us to interview their employees, the developers and product managers. It took a lot of persuasion to get the two founders in front of our camera. That was rare then and it remains rare today.

Warnock and Geschke met while working at the Palo Alto Research Center of Xerox, now part of SRI International. At Xerox PARC they developed a page-description language, something designers would use to instruct Xerox’s new laser printers how to draw a page. In those days virtually every different model of printer responded to a separate set of drawing commands. Warnock and Geschke’s vision was to create a standard every printer could follow. Xerox did not agree and kept their invention for use on Xerox equipment only.

So, the two left Xerox, started their own company, and created a new language which they called Postscript. A revolutionary breakthrough in printing technology, PostScript was the first printing software that enabled users to print pages that included text, line art and digitized photos. Adobe let all content creators use Postscript without a licensing fee. But they designed, and sold to the printer manufacturers, the circuits which interpreted Postscript and generated the signals the printer needed to generate the page. Apple and the Apple LaserWriter were the first company and product to use the system. With this, modern desktop publishing and word processing programs were born. By 1987, Adobe’s PostScript had become the industry-standard printer language.

Adobe did not stop there. Adobe Illustrator was released in 1987. Photoshop in 1990. The PDF came in 1993. The Portable Document Format was designed to allow the exchange of electronic versions of pages regardless of the software or device which created them or the printer or display which regenerated them without compromising the original. As Adobe’s Senior Vice President of Cloud Technology, Bob Wulff, describes it, “PDF allows the user to view a file precisely—down to the pixel, essentially, of what the author had intended.”

Today the PDF is ubiquitous:

  • PDF has become the standard file format for sharing documents. Businesses, schools, governments, and individuals use it all over the world.
  • PDF is also used to create electronic books.
  • PDF is a secure file format, which makes it ideal for sharing sensitive documents.
  • PDF is easy to use and can be viewed on any device.
  • PDF has had a major impact on the way we work and collaborate. It has made it possible for people to share documents more easily and securely.

Warnock and Geschke are gone now. But Adobe’s legacy of innovation continues. It has, for example, been actively applying artificial intelligence techniques throughout its product line. That is a story for another time. And it has revolutionized its business model. Most of its products are now in a bundle, Adobe Creative Cloud, for which Adobe charges a monthly subscription. Other companies are adopting variants of this model, known as Software as a Service.

By the way, Warnock and Geschke may have been camera shy, but once I got them to agree they produced a great interview. It almost always turned out that way when I had a reluctant subject. I checked in with both men every now and then over the years. They were pioneers of the computer age. Think about them when you print on your laser printer. They will be remembered.

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How Could You?

If you are voting for Democrats, you can leave now. This isn’t for you.

If you are voting for Republicans, or not voting at all. Stick around. I have a question for you.

What the hell are you thinking?

Do you hear the words, “Democracy is on the line” and chuckle? Don’t. It is.

There are more than three hundred people running for election who believe the Big Lie that Donnie Trump won in 2020. He didn’t. Sixty judges and scores of election officials, many of them Republican, said he didn’t. There is hard physical evidence that HE knows he didn’t. NO evidence of improper voting that changed the outcome of the election was discovered anywhere.

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Tids and Bits


Thirty years. Ten billion dollars. Launching on Christmas morning, the Webb telescope is finally off the earth and on its way to a point in space one million miles away where it will point its eighteen gold-plated mirrors into deep space, hoping to look back in time to the beginning of the universe. The Webb is far more sensitive, especially at the low infrared radiation frequencies than the Hubble Space Telescope. It is hoped it will succeed and surpass that amazing instrument to study the formation of the universe and the most distant worlds. It will take about six months to maneuver into position and be calibrated, ready for its first observations. Bon Voyage Webb.

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Pay to Play: The American Way

Money has always been a big factor in American politics. You can’t outright pay politicians in return for their vote on an issue of interest to you. That’s bribery and it’s a crime. 18 U.S. Code § 201. But you can come very close. That’s because it costs a tremendous amount of money to run for public office and we leave it to the politicians to raise their own funds.

State-wide races for governor, state legislator, or U.S. House or Senate seats can cost hundreds of thousands or millions of dollars. A major state-wide campaign requires a hefty advertising budget and paid staff to handle things like communications, strategic planning, finances, and legal compliance.

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A Breath of Fresh Air

It some ways it was certainly unusual. But mostly its normalcy made it a breath of fresh air. For more than an hour President Joe Biden delivered a report to Congress, the nation, and the world on the state of the state one hundred days into his administration. He laid out the achievements already accomplished, the programs now under way, and the proposals he is sending to Congress for enactment into law.

One way the speech was unusual was that there were two women behind the president. Presiding over the joint session of Congress were Vice-President Kamala Harris, who is President of the Senate, and Nancy Pelosi, the Speaker of the House of Representatives. That was a historic first. Another way was that the chamber, which normally holds 1,600 people for these events, was limited to 200 by pandemic protocols. The audience members were socially distanced and most were masked.

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Helicoptering on Mars – Really

A team of very smart humans flew a helicopter by remote control off the surface of Mars on April 19, 2021. It is easier to type that sentence than it is to truly appreciate the accomplishment.

The Mars Helicopter, named Ingenuity, weighs just four pounds. It is a proof of concept demonstration. That means it’s mission is just to prove that it works. It did. And it was the first time humans have achieved powered and controlled flight on another planet.

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