Panflation: A Rising Threat

April 29, 2012 in Daily Bulletin, Signature

Inflation seems to largely be under control in the global economy, but The Economist reports that panflation – the inflation of everything – is becoming a rising problem. Examples include:

  • Since women are more likely to buy clothes if they can easily fit into a smaller label size, fashion retailers have been adjusting the size numbers. Today’s size 10 is really a size 14.
  • There is grade inflation. An A grade today is equivalent to a C grade of the 1980s.
  • Airlines no longer have an ‘economy’ class. Instead British Airways has “World Traveller”.
  • Food portions have been getting larger.
  • There is job title inflation. A receptionist is now a “Director of First Impressions” and a ticket inspector is a “Chief Revenue Protection Officer”.
  • While this sounds humorous it has serious consequences because it modifies incentives and makes data more obscure and less reliable.

To read other examples including the supply of airline miles, the consequences of these trends, what it means for Starbucks to soon be introducing a “Trenta” size, and why deluxe hotel rooms are anything but, click here.

Source: The Economist

The Rise Of Open-Access Journals?

April 29, 2012 in Daily Bulletin

Harvard University’s Faculty Advisory Committee has sent out a memo requesting that professors encourage the growth of free, open-access journals. Highlights from the memo include:

  • Harvard’s annual cost for journals is $3.75 million. The most expensive journals can cost as much as $40,000 per year and the price is rising unsustainably. In some cases prices have risen by as much as 145% in a year.
  • Harvard faculty are encouraged to “move prestige to open access”.
  • They are also asked to “consider resigning” if they are on the editorial board of pay for access journals.

To read the full memo and find out what the profit margins of the journals are, click here.

Source: The Harvard Library

Via: Arstechnica

The Death Of Film

April 28, 2012 in Daily Bulletin

The film industry is moving towards digital formats instead of standard 35 mm film. In a six page article Gendy Alimurung discussed some of the consequences of this:

  • Studios are pushing the drive for digital film because it costs $1,500 to print one copy of one movie and to ship it to one screen in one theater. Multiply that by all of the theaters that a movie goes to and it gets expensive fast. In contrast digital costs just $150
  • To play digital films new equipment is needed, but not only is upgrading the equipment expensive, it also costs a lot more to maintain. Since studios are no longer giving out 35mm films anymore to accelerate the transition to digital, many art house theaters are likely to go out of business.
  • Some within the industry such as Christopher Nolan have fought back. These people note that film forces filmmakers to be masters of their craft. They can’t use digital monitors to check their progress. And since film cameras have to be reloaded every ten minutes discipline is required.
  • Digital has its advantages. It can be set up easier and the cameras are smaller. Iconic scenes in 28 Days Later and Slumdog Millionaire could not have been shot without digital.
  • However digital movies are more expensive to maintain and there are more risks involved. Toy Story 2 was accidentally deleted by the filmmakers, and they were just barely able to recover it. Moreover because digital formats change so often it’s very easy for movies to become lost in time.
  • Film is mortal – every time you play it, there’s a little wear and tear on the film. Every screening of a film is a slightly different experience. Some prefer this more organic experience. Titanic was so popular that the film was literally falling apart within the projector.
  • Quentin Tarantino owns an art-house cinema and has threatened to burn it to the ground the day the cinema puts in a digital projector.
  • The theater management doesn’t have the heart to tell Tarantino that they’ve been using a digital projector there for years.

To read more about the role that Avatar played, why Robert Downey Jr. sometimes leaves bottles of urine around on set, what exactly is “The Digital Dilemma”, what the Academy of Motion Picture Arts & Sciences has to say, why some movies will not make the transition to digital, becoming lost to our generation, and the fate of projectionists, click here.

Source: L.A. Weekly

Via: Slate

Soap Operas That Changed The World

April 28, 2012 in Daily Bulletin

Soap operas generally have a bad reputation. They’re thought of as vapid dramas that lack any real depth. However Stephanie Hegarty argues that soap operas have a long history of educating people and changing established norms. Some examples include:

  • In 1951 the United Kingdom’s Ministry of Agriculture created a soap opera called The Archers that taught farmers ways to increase productivity. 61 years later the show is still running and it is believed to be the longest running soap opera in history.
  • In 1975 half of Mexico’s workforce did not know how to read. Miguel Sabido wrote a soap opera that ends with an emotional scene of a father reading a letter his daughter wrote to him. In the next year enrollment in government literacy programs increased by 9 times.
  • After Sabido’s success in challenging norms in Mexico, India’s Prime Minister Indira Gandhi invited him to India to help establish a new set of Indian values. In the soap opera that he wrote a Hindu girl falls in love with a Muslim man, and an upper caste man wants to marry a lower caste girl. At the end of each episode a famous Indian personality would encourage families to discuss the themes depicted in the show.

To read other examples, including the soap opera that convinced girls to celebrate their birthdays, the East African soap operas that have encouraged discussions about sexual health, and the soap opera that taught Afghans how to avoid landmines, click here.

Source: BBC

What’s The Best Seat On An Airplane?

April 27, 2012 in Daily Bulletin

Skyscanner polled over 1000 airline passengers about their airplane seat preferences, when extra leg room isn’t available. Some of the results include:

  • The most sought after seat is 6A – a window seat in the sixth row of the aircraft.
  • In general the first six rows of a plane are the most popular with 45% of survey respondents picking a seat in those rows as their favourite.
  • 60% of passengers prefer window seats and 40% prefer aisle seats.
  • The least popular seat is 31E – a middle seat towards the back of the plane.
  • Frequent fliers prefer to sit on the left of the plane because the windows are off-center meaning that they can rest their head against the wall.

To read more about the airliner that charges a premium for passengers who prefer to sit in the front of the aircraft, how to minimize turbulence, and where to sit to get the best choice of food, click here.

Source: Skyscanner

Via: Consumerist

Will This Be The First Trillion Dollar Company?

April 27, 2012 in Daily Bulletin

John Paczkowski reports that one analyst predicts that Apple will become the first company in history to have a market capitalization of more than a trillion dollars. Highlights include:

  • When Apple’s share price hits $1,072 it will be worth $1,000,000,000,000
  • Topeka Capital Markets is predicting that Apple’s share price will hit $1,111 per share in in 2013.
  • An analyst noted that the iPhone 5 and an iPad Mini were expected to launch in that timeframe and would likely drive growth.

To read more details and find out why Apple is a juggernaut, the role that China has to play, and how it’s not just Apple’s share price that is reaching for the clouds, click here.

Source: All Things D

An Equation That Predicts The Length Of Celebrity Marriages

April 26, 2012 in Daily Bulletin, Signature

Six years ago John Tierney and Garth Sundem came up with an equation that predicted how long a celebrity marriage was likely to last. The variables included how much more famous the wife was than the husband, the difference in their ages, the length of courtship, and how sexy the wife was perceived to be. They reported on the success of their predictions:

  • The equation was correct about these marriages being doomed from the start:
    • Demi Moore and Ashton Kutcher
    • Pamela Anderson and Kid Rock
    • Britney Spears and Kevin Federline
  • The equation was also correct about the following marriages lasting a long time:
    • Ben Affleck and Jennifer Garner
    • Matt Damon and Luciana Barroso
  • The equation incorrectly predicted doom for Tom Cruise and Katie Holmes
  • Current couples predicted to be married for more than 15 years include:
    • Kate and Prince William
    • Calista Flockhart and Harrison Ford
    • Chelsea Clinton and Marc Mezvinsky
    • Beyoncé Knowles and Jay-Z

The two analysts have gone back to their equation to modify it. To read about how they’ve made it more relevant, why men might be an enigma, and what happens when you calculate the chances of Khloe Kardashian and Lamar Odom’s marriage lasting, even to 15 decimal places, click here.

Source: The New York Times

Via: Kottke

Dictators: A Successful American Export?

April 26, 2012 in Daily Bulletin, Signature

Joshua E. Keating notes that the United States has become a training ground of sorts for military dictators. Examples include:

  • Amadou Haya Sanogo who overthrew Mali’s government last month and received basic officer training in the United States.
  • Yahya Jammeh who received military police training in Alabama and remains in power after a coup in The Gambia 18 years ago. He has told his critics to go to hell and has vowed to rule for a billion years.
  • Michel Francois who received small arms and ammunition repair training in Maryland and helped lead a coup in Haiti in 1991.

To read many more examples, including the dictator who fled to the very place he swore to destroy, the School of the Americas that seems to produce a disproportionate number of coup leaders, and the man who survived 13 coup attempts, click here.

Source: Foreign Policy

Via: Freakonomics

The Economics of Selling Weed

April 25, 2012 in Daily Bulletin

Jeff Winkler had the opportunity to sit down with a drug dealer who primarily dealt in marijuana. Highlights from the interview include:

  • The drug dealer holds a legitimate job, but on most weeks he makes about $400. On really good weeks he might make up to $600.
  • He estimates his hourly wage to be $36.
  • He got started selling drugs because he realized that as a supplier he would essentially be able to smoke it for free.
  • Without dealing drugs he would be forced to live paycheck to paycheck. This way he is able to afford luxuries for himself such as foreign beers.
  • He believes that the risk of him spending time in jail for a first offense is low because he’s white.

To read the three part interview, and to find out about supply-and-demand in the drug dealing world, whether he intends to turn his drug business into a franchise or a pyramid scheme, why he might soon keep a lawyer on retainer, and whether or not he is willing to extend his customers credit, among many other topics, click here.

Source: The Bill Fold

Via: Newmark’s Door

The Disneyland of the Future

April 25, 2012 in Daily Bulletin

Disneyland is busy trying to pioneer the next generation of theme park experiences. Some of the things in the Disneyland of the future will include:

  • The end of lines. Through the use of a system called xPASS families would be able to book a place in line for rides and interactions with Disney celebrities weeks and months before they visit the park.
  • All guests will likely be given wrist bands with embedded chips that allow the park to track them. The chip will have the individual’s name, credit card number, and favourite attractions. As the guests walk around the park random attractions may move to greet you.
  • These features might be unveiled as soon as 2013.

To read more about some privacy concerns, why this might generate more revenue for Disney, and some early signs that the systems are being set up, click here.

Source: Fox News

Via: Marginal Revolution