The Economics Of Gambling On The 2016 Election

December 20, 2015 in Daily Bulletin

Paul Krishnamurty wrote about the foreigners making money betting on the American 2016 Presidential election:

  • It’s illegal to bet on politics in the United States, but countries around the world have a more liberal approach to gambling.
  • In 2012 the UK based Betfair saw $200 million traded in the market for betting on the next President.
  • In America the focus is usually on the predictions on pundits who have a lot of name recognition, and often some sort of partisan bent.
  • Betters, on the other hand, have to rely on extensive research and analysis, and must be aggressively neutral.
  • As a result betting markets are usually more accurate than media personalities. In 2004 pollsters said that the race would be close, but betting markets showed a clear advantage for Bush.
  • In many ways betting on political markets is easier than betting on sporting matches. Luck is much less of a factor. Krishnamurty is able to turn a profit of 90% on political markets.
  • The Republican nomination – with all its twists and turns – has been a windfall for betters as they buy and short candidates with each swing of the poll.
  • According to Krishnamurty the key to the 2016 election isn’t just to look at American trends but broader global ones. There is an anti-established, pro-populist wave across elections in the west, and American elections will likely be no different.

Read more about who Krishnamurty is betting on, his reasoning, the amount of money he expects to make from this election, and more over here.

Source: Politico

Rent A Mom

December 18, 2015 in Daily Bulletin

Kenneth Garger and Laura Italiano wrote about a new service available to New York hipsters:

  • Nina Keneally, a 63-year-old mother of two, is selling excess mothering to millennials aged 20-35 for $40 an hour.
  • Mom services include criticism free advice, dinner party planning, baking assistance, and even help in dealing with one’s real mother.
  • Like any good mother she’ll remind you that she “is not your maid” and is not there to help you clean.
  • Keneally has had six clients so far.

Read more here.

Source: The New York Post

Via: Marginal Revolution

How Much Would Darth Vader’s Suit Cost?

December 16, 2015 in Daily Bulletin, Editorial

From Leia’s gold bikini to Stormtrooper gear, Star Wars has had some fairly iconic costumes. None more so than Darth Vader’s. How much would it cost to truly take on the Sith Lord’s mantle? Centives decided to find out.

Let’s start with the base suit. The cockpits of imperial space fighters d Read the rest of this entry →

If You Vote For Your Favourite Presidential Candidate You’re Voting For Their Death

December 15, 2015 in Daily Bulletin

If you like any of the candidates running for President as people you may want to hope that they don’t win:

  • A study has found that those who are elected head of state live an average of 2.7 years less than those who were runner ups to their land’s highest office.
  • By comparing against runner ups, the study helped control for things like the superior health care that a person running for the Presidency likely gets.
  • The study assessed the lifespans of 279 election winners across 17 countries.

Read more about the study here.

Centives did its own analysis and found that US Presidents age at about twice the rate of normal people. Read it here.

Source: The Economist

Moscow Is Going To Equip Its Zombies With Wi-Fi

December 14, 2015 in Daily Bulletin

When the zombie apocalypse comes, Russian zombies will use Wi-Fi to co-ordinate:

  • The city of Moscow is making Wi-Fi available at its most historic cemeteries.
  • Officials hope this will encourage youth to congregate at graveyards where they can “unwind” and perhaps learn a little about the country’s history.
  • It may also encourage visitors to look up the histories of some of the more famous people, such as Stalin, buried there.
  • Two of the graveyards already have GPS systems that make it easier to locate notable resting places.

Read more at the source links below.

Source: Mental Floss, The Week

Pad Thai Was Invented 70 Years Ago By One Dictator

December 11, 2015 in Daily Bulletin

Alex Mayyasi wrote about the history of the creation of the quintessential Thai dish: Pad Thai.

  • Phibun was a dictator who became Prime Minister of what was then called Siam in 1938. While his country was independent all his neighbours were ruled by European colonizers.
  • Europeans justified their colonization by claiming that they were spreading culture to backwards natives. Given Siam’s multiple ethnicities he feared that his country was vulnerable.
  • In order to prevent this he wanted to convince the world that his was a cultured country. He did this by encouraging the emergency of a national identity.
  • Phibun listed 12 mandates. Many such as the requirement to wear hats, or the optimal length of time people should sleep, or even how frequently people should call their relatives have faded from history.
  • A couple stood the test of time. The first was was the decision to rename the country “Thailand”. The second was the creation of a national dish.
  • Legend has it that Phibun settled upon Pad Thai after hosting a competition to select the national dish.
  • The government encouraged adoption of the meal by banning other foods, and distributing recipes and food carts to promulgate the food.
  • Pad Thai had the added bonus of being more nutritious than the plain rice that was most frequently eaten then.
  • The rest is history. Pad Thai has gone onto become closely associated with Thailand even though it’s a relatively modern invention.
  • This shouldn’t be too surprising though. Italian food is closely associated with tomatoes even though for most of Europe’s history tomatoes were not native to the continent.
  • And Irish cuisine is known for potatoes though the root vegetables were declared as being fit only for animals in the country for most of its history.
  • All in all it seems to take little more than about 50 years to create a “national cuisine” that becomes attached to, and propagates a national identity.

The full article has many more details including the foreign influences on Pad Thai, the similarities between Phibun and Atatürk, and many other details here. It is well worth a read.

Source: Priceonomics

Via: Marginal Revolution

What It’s Like To Work At A Nevada Brothel

December 10, 2015 in Daily Bulletin

Brothels in Nevada have been all over the news recently. Nicole Schreiber looked into what the fuss was about:

  • Like in any job, previous experience is a plus. Having had clients before is something that brothels look for when going over resumes.
  • There is then a telephone interview and then a one-week training period where both the brothel and the courtesan evaluate each other.
  • If you make it, then you’ll often pay a fixed daily fee to rent out a room, and then negotiate your own prices with clients.
  • Different rooms are set up to indulge various fantasies. An office type room allows a client to be the boss with a sexy secretary. A locker room allows men to be the successful football player with the sexy cheerleader accidentally entering the shower.
  • There is also, of course, a classroom. And there’s a room with video games and a giant television for those who simply want to have a girlfriend to “Netflix n Chill” with.
  • Sex is actually a fairly small part of a courtesan’s responsibilities. Most clients are lonely and in a given hour, only ten minutes will be sex. The rest will be casually hanging out.
  • The brothel that Schreiber went to had a gift shop with branded t-shirts and shot glasses. You can even buy gift certificates for friends.
  • The brothel also had a sports bar. The food was so good that upstanding locals from all over the area came to the brothel for the burgers alone. Seriously.

Read more about the types of people who are drawn to working at brothels and other details here.

Source: Thrillist

Santa’s Elves

December 9, 2015 in Daily Bulletin

It is the holiday season and department stores across the United States are filled with Christmas cheer. Jessica Leigh Hester wrote about the temps that Santa brings on to work as elves:

  • A large number of the elves you see at department stores are actors in between jobs.
  • Many of them have improv skills that serve them well when interacting with children.
  • As elves one of their primary responsibilities is to serendipitously learn the children’s names and to covertly inform Santa so that he can surprise the star-struck children when he greets them.
  • When parents get upset – over the length of the line to see Santa, or the way that Santa is dressed – it is also the job of the elves to be the face that they yell at, sparing Santa embarrassment.

Read more about the life of a department store elf over here.

Source: The Atlantic

Now Malaysia Has Found Three Untraceable Boeings

December 8, 2015 in Daily Bulletin

It’s been a year or so since Malaysia saw MH370 vanish without a trace. The country now has the opposite problem:

  • Three Boeing 747s have been left abandoned at Kuala Lumpur International Airport.
  • Authorities have placed an ad in the local newspaper asking the owners of the planes to claim and collect the jumbo jets, as well as to pay accumulated parking charges.
  • The owners of the aircraft might have left the planes behind because they had run out of money and had to shut down operations.
  • This isn’t the first time this has happened in Malaysia – in the 90s an abandoned aircraft was turned into a restaurant.
  • The planes are expected to be auctioned off if they are not claimed by December 21st.

The full article includes the registration numbers of the planes, in case you think it might belong to you. Read the article here.

Read about the economics of searching for MH370 here.

Source: AFP, Yahoo News

Shoes That Transform Themselves

December 7, 2015 in Daily Bulletin

ShiftWear

Nick Statt wrote about an interesting Indiegogo campaign:

  • ShiftWear envisions shoes with flexible e-paper displays that are controlled through a smartphone app.
  • These displays can show animated designs or even just static images that change the look of a shoe every day, month, or season.
  • Users could create their own designs, or install those from an online marketplace that ShiftWear is planning to set up.
  • It’s unclear if the technology to build the shoes is available yet, but the campaigners believe that breakthroughs are on the horizon.
  • Preorders cost anywhere between $150 and $350.
  • The company set a goal of raising $25,000. As of today it has raised $220,000, almost ten times as much.

Read more about the shoes here. See the Indiegogo page here.

Source: The Verge