Anthony J. Pennings, PhD

WRITINGS ON DIGITAL STRATEGIES, ICT ECONOMICS, AND GLOBAL COMMUNICATIONS

Origins of Currency Futures and other Digital Derivatives

Thus, it was fitting that Chicago emerged as the Risk Management Capital of the World—particularly since the 1972 introduction of financial futures at the International Monetary Market, the IMM, of the CME. – Leo Melamed to the Council of Foreign Relations, June 2004 International currency exchange rates began to float in the post-Bretton Woods environment […]

Statecraft and the First E-Commerce Administration

One of techno-economic history’s most fascinating questions will deal with the stock market advances and technology developments during the eight years of the Clinton-Gore administration, especially those in the Internet and telecommunications sectors. During the 1990s, the Internet, a product of the Cold War became a tool of global commerce. The Presidential election of 1992 […]

Microsoft and the IBM PC Case Study: The Deal of the Century

The microcomputer was starting to become popular in the late 1970s and finally caught the attention of IBM. Initially resistant, “Big Blue” became concerned that they were “losing the hearts and minds” of their clients. However, when the Apple II starting to show up in a number of corporate environments, IBM officials were concerned about […]

Fed Watcher’s Handbook is on Amazon

The world is abuzz with talk about US Federal Reserve and whether it will raise interest rates in September. Interest rates have hovered near 0 percent since 2008, and a rate hike to .25% or .5% is possible. Analysts are asking basic questions: Is the economy strong enough? What do we make of economic problems […]

The FCC Helps Business Go “Online”

The use of computers was starting to become an important tool for businesses by the mid-1960s and with the introduction of timesharing, a communications component was adding value and enhancing productivity. Factories began using data processing to control chemical flows and machine tools and warehouses used them to monitor inventories. Bank branch offices started to […]

SAGE, SABRE and the Airline Industry

Military funding lead to the invention of the modem and other data communications technologies for a North American defense system. This grid of radar and other sensors connected to central computers with over a million miles of telephone line. Its headquarters would later be located deep within the Colorado Cheyenne Mountains and be the model […]

Lotus Spreadsheets – Part 4 – Symbols and Lists as Administrative Technologies

Spreadsheets like Lotus 1-2-3 were designed to facilitate organizational coordination and activity by setting up relationships between symbolic and material resources. Using a grid structure, spreadsheets achieve their efficacy by combining the following components: symbolic representation; lists; tables; cells and; formulas. In this post I will examine how the first two components, symbolic representations and […]

Lotus Spreadsheets – The Killer App of the Reagan Revolution – Part 1

The major feature of the “Reagan Revolution,” according to Peter Gowan’s Global Gamble, was to “put money-capital in the policy saddle for the first time in decades.”[1] From the time of his presidential inauguration in early 1981 and throughout his eight-year tenure, Reagan’s administration sought to propel the financial sector through widespread policy changes designed […]

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  • About Me

    Professor and Associate Chair at State University of New York (SUNY) Korea. Recently taught at Hannam University in Daejeon, South Korea. Moved to Austin, Texas in August 2012 to join the Digital Media Management program at St. Edwards University. Spent the previous decade on the faculty at New York University teaching and researching information systems, media economics, and strategic communications.

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    anthony.pennings@gmail.com
    anthony.pennings@sunykorea.ac.kr

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    The opinions expressed here do not necessarily reflect the views of my employers, past or present.