Jana Kasperkevic stepped into the world of wealth counsellors – those who provide therapeutic counselling to the rich:

• Wealth counsellors argue that being rich has become a taboo and that the therapy they provide help the wealthy deal with the unique pressures of being rich.
• For example, the wealthy feel assaulted by the media and movements such as Occupy Wall Street.
• Those in particular need of counselling are the ones that inherited their money – we usually use terms like “trust fund baby” and “spoiled brat” when we think about these people.
• The wealthy also have to wonder if their friends only care for them because of their money.
• And wealthy parents need help in knowing how to ensure that their children grow up to be good human beings.
• Therapy can involve “walk and talk” sessions through New York City’s battery park.

Read more about the one such wealth counsellor and other details here.

Source: The Guardian

Via: Slate

The Economist wrote about a program that Romania has that the elite are exploiting to reduce prison time:

• Romania’s law used to grant reduced prison sentences if prisoners published serious academic works while there. Checks were in place to prevent abuse.
• In 2013 a loophole was introduced and now publishing pretty much any book will lead to an extra month of freedom.
• This has led a flurry of prisoners to publish multiple works, substantially reducing their jail time.
• One pop singer wrote a book about dental stem cells, while a former government minister wrote a book that consisted mostly of pictures.
• Prisoners can’t use computers, and must handwrite everything.
• In practice elites hire ghostwriters and then smuggle the written works into prison cells. The jailed then re-write the book in their own handwriting.
• Politicians – many who have seen former colleagues exploit the loophole – have little reason to push for change, knowing that the law may come in handy someday.

Read more about the agency pushing to fix the law, some of the other works that have been published by these prison scholars, and other details here.

Source: The Economist

Fresh from a conference on Beeronomics, David Zilberman wrote about the role that beer has played in our history:

• Humans may have learned to make beer from grain and water before learning how to make bread.
• We can thank beer for the Pyramids. Ancient Egyptian labourers were paid with the beverage.
• Holland and Belgium owe their independence to beer. When fighting Spain, they used a tax on beer to raise revenues, while Spain used a tax on silver. Beer won.
• Between 1870 and 1950 the poor in the United States drank local unpasteurized beers while the rich enjoyed uniform brews. Nowadays the opposite is true with the rich increasingly opting for craft brews.

Read more about the history of beers and the science of beeronomics over here.

Source: The Berkeley Blog

Via: Chris Blattman, Marginal Revolution

In a wider article about how a fixed internet landscape translates poorly into a world of fluid international borders, Rosie Cima had some fascinating bits of information about famous domain suffixes such as “.ly” or “.me”:

• Countries are able to make money from domain names ending with certain letters. For example .uk is overseen by the United Kingdom, .jp by Japan, and .se by Sweden.
• This can be lucrative. Tuvalu, a country, managed to get .tv assigned to it. The country now makes $2.2 million a year from websites ending with .tv – 10% of the government’s budget.
• Montenegro got .me and has made $15 million since 2006. Facebook, for example, owns fb.me
• .io belongs to the British Indian Ocean territory and is expected to do well because it’s memorable, and is an area under stable British rule.
• Unstable countries can create complexities. .sy belongs to Syria. After western countries imposed sanctions on the country during its ongoing civil war, companies paying the government for that domain such as art.sy were found to be violating those sanctions.
• Similarly, .ly which belongs to Libya, and is used by several major websites such as bit.ly, has been a mess since Muammar Gaddafi was overthrown. Not only were sanctions imposed for a while, there are now two competing governments who claim to be in charge.

The full article focuses on Libya’s experience, websites that have had troubles because of their domain names, some of the ethical questions that the domains raise, and a broader history of the internet. You should read it here.

Source: Priceonomics

When men provide sperm donations for a sperm bank they’re given pornography to help the process along. Zach Schwartz took a look into the sorts of considerations that go into finding the right material:

• The owners normally have to go out and buy the porn themselves. Asking employees to buy it could be deemed sexual harassment.
• The porn is selected to encourage donors to quickly finish their business and prevent them from lingering.
• In the past the materials exclusively featured Caucasian couples. Nowadays sperm banks have to provide a wider range of materials featuring different ethnicities and even sexualities.

Read more here.

Source: Vice

Anna Fifield had a fascinating piece on the latest trend in South Korean cooking shows. Having men cook:

• Korea arguably has a food obsessed culture. To say “how are you?” in Korean you ask “have you eaten?”
• Individuals post YouTube videos of themselves eating so that others who are alone around the country can eat along with them.
• In the traditional Confucian culture men are not expected to cook. Those who try maybe chased away by grandmothers with an old saying that translates to them losing their manhood at the stove.
• The latest generation sees nothing emasculating about men cooking. Indeed top cooking shows now have male stars that attract a considerable female following.
• It isn’t just about the sex appeal. Some women try to watch the show with their boyfriends and husbands in the hopes of encouraging them to cook.
• For others there’s something appealing, in troubled economic times, about top sexy male chefs using what are usually every day ingredients to make world-class meals.
• One of the more popular shows, called “Please Look After My Fridge” has chefs go to celebrity homes and try to whip up a meal with the contents of their fridges.

The full article is well written, has many more interesting points, and is worth a read. You can find it here.

Source: The Washington Post

Michael Walsh wrote about a gadget intended to cross the hound-human barrier:

• A device called TailTalk attaches to a dog’s tail and measures details about the speed, frequency, and direction that a dog wags their tail.
• Left wagging indicates negativity, while right wagging signifies joy. Other cues are more subtle.
• The idea is that pet owners will be able to see how their pooch’s mood changes over the day.
• They may find, for example, that their dog particularly enjoys a certain type of food or toy. Or that they are stressed by certain environments.
• Its creators are requesting $100,000 to bring the product to market on Indiegogo. So far they’ve raised 41% of that.

Read more about the device here.

Source: Yahoo News

Via: Marginal Revolution

Gillian B. White reported on a study that looked at the economic impact of hangovers:

• The study examined the cost of lost productivity, criminal justice fees, and medical bills as a result of people regretting the night before.
• The greatest cost comes from people who have to miss work due to hangovers, or who show up but are ineffective. This is estimated to cost the United States $90 billion.
• Car accidents as a result of hangovers cost $13 billion and arrests and court fees cost $15 billion.
• Overall hangovers cost the US economy $250 billion. About $100 billion of that is borne by taxpayers in the form of medical care and government employee time.

In fairness the study doesn’t seem to have compared the stats above with the value that people derive from being able to drink enough to trigger a hangover. You can read the study here.

Source: The Atlantic

Plans are being drawn up to build the first civilian drone airport in the world writes Lily Kuo. The country responsible for this next generation infrastructure? Rwanda:

• Landlocked Rwanda is known as the “land of a thousand hills” due to its rough terrain.
• The three building drone airport is expected to be able to send drones to 50% of the country.
• The primary focus is on delivering emergency medical supplies to rural areas. It will also be capable of delivering commercial goods much like a postal service.
• The airport will contain a facility to produce more drones, and a medical center.
• If the port is successful then project sponsors claim that dozens more could be built around the country.
• True to Rwanda’s reputation as a tech friendly hub, its liberal policies on drones is in stark contrast to other African countries such as South Africa and Kenya which have heavily regulated the use of drones.

Read more about the project and see photos here.

Source: Quartz

Via: Marginal Revolution

The President of the United States is considered to be the most powerful person in the world. This is not his story. This is the story of the acronym he has come to be known by: POTUS.

• The acronym probably first became popular with the advent of the telegraph when brevity was valued due to the time and effort it saved.
• Even with the advent of telephones, wires were still used for newspapers and railroads meaning that the acronym lived on into the modern era.
• The acronym soon began to attract an allure of mysticism and might around it. Railway telegraph operators knew the gravity of learning that POTUS was in one of the cars on the tracks.
• By 1966 there were telephones around the Whitehouse with a red button labelled “POTUS” connecting directly to the President.
• Today things have come full circle. POTUS is the President’s handle on Twitter because….brevity is valued due to character limitations.

Read more about the history of the acronym here.

Source: Vox