What Does It Take To Win Jeopardy?

October 20, 2012 in Daily Bulletin

Glenn Fleishman, a writer for the Economist, was selected to be a contestant on the popular quiz show, Jeopardy. He took the opportunity to review how other candidates have prepared for their appearances on the show in the past:

  • Fans of the show have assembled a comprehensive archive of every clue and answer in the history of the show. One contestant downloaded it and created his own training program to practice.
  • Other contestants have turned their homes into replicas of the Jeopardy Studio. One contestant even made sure that the snacks in their mock green room matched those available on the show.
  • Fleishman himself, however, simply brushed up on his knowledge of a few categories that seem to be tested often. This included knowledge about popes, royal families, pop songs, states, major rivers, Presidents, and wars around 1900. It worked. He made it to the next round.

Read more about the experience, and how the show’s producers trick you into thinking it has been filmed over several weeks over here

Source: The Economist

Hollywood Accounting

October 20, 2012 in Daily Bulletin, Signature

Mike Masnick outlined the special kind of accounting that Hollywood studios engage in to…make their films seem like massive failures. Highlights include:

  • Every time a studio produces a new movie, it sets up a dummy corporation for that movie.
  • That dummy corporation is then given money by the studio to pay for the movie’s expenses – such as paying the actors and marketing.
  • Then the movie studio tacks on a bunch of hyped up expenses to the dummy corporation. They may, for example, have the dummy corporation pay the studio millions to distribute the film. They not only charge much more than what it actually costs, what this means is that the studio is paying itself money.
  • Through this they are able to show on the books a net loss for each movie. Harry Potter and the Order of the Phoenix, for example, made close to a billion dollars, only cost a few million to make, yet the studio recorded a $167 million loss for the movie.
  • There are several advantages to doing this for the studio. One of them is that anybody who’s promised a percentage of the movie’s profits gets nothing.

Read more about how it works, and an interview with a director who went unpaid because of that trick over here.

Source: TechDirt

Italian Corruption

October 19, 2012 in Daily Bulletin, Signature

In a short, sharp, and effective article, Max Fisher explored the state of corruption in Italy:

  • Italy’s government loses €60 billion every year due to corruption.
  • If Italy’s corruption were a separate country, it would be the 76th largest economy in the world.
  • Italy also loses $340 billion due to a culture of tax evasion every year. This is equivalent to all of Austria’s GDP.

Read the rest of the numbers here.

Source: Washington Post

Via: Marginal Revolution

The Face Of A New Silicon Valley

October 19, 2012 in Daily Bulletin

Plenty of cities from around the world aim to be the next Silicon Valley. But only one has the backing of the actual Silicon Valley: Cornell is building a campus on New York City’s Roosevelt Island in an initiative backed by most major technology companies. The first designs of the proposed campus were recently released and Kelsey Campbell-Dollaghan looked at some of the highlights:

  • The campus will be built for 2,000 students and is expected to be completed in 2037.
  • While it is going to be a university campus, there will be few classrooms. Instead there will be open spaces where students can collaborate and hopefully build the next big thing.
  • The government even plans to house a representative from the patent office on the island to deal with the expected deluge of patent infringement complaints
  • The campus will be energy neutral. Solar panels and energy generated by turbines in the east river will power the buildings.
  • One concern is getting the building materials onto the island. New Yorkers won’t appreciate having the lone bridge to the island clogged up with construction vehicles.

Read more about the plans for the campus, the companies backing it, and some concept photos over here.

Source: Fast Co.Design

What Makes Something Cool?

October 18, 2012 in Daily Bulletin

A speech by Neil deGrasse Tyson caused Jeff Porten to think about what it means for something to look cool. He pointed out:

  • We think the SR-71 Blackbird (pictured above), and the Concorde look cool, but not the double deckered Airbus A380.
  • We consider the Saturn V space rocket to look pretty cool, but not the Atlas V.
  • Yet the SR-71 Blackbird, Concorde, and Saturn V are fifty years old, and none of them are in active service anymore. In contrast the modern A380 and Atlas V are considered to be ugly.
  • We don’t think that phones that are fifty years old look cool. But we do think these ancient pieces of technology do. Why? Perhaps it’s because they were at the very top of their class and we have yet to develop anything cooler. When we develop something that’s even better than these older pieces of technology, we’ll begin to think that the old things look dated.
    • It’s disappointing then that some of our best technology was invented half a century ago.

Read more about the argument and how this relates to the space race over here.

Source: TidBITS

Via: Marginal Revolution

Who Is The Most Stolen Artist Of All Time?

October 18, 2012 in Daily Bulletin

Which artist has the (un)fortunate distinction of having the greatest number of their works stolen? The staff at Life’s Little Mysteries wrote:

  • Picasso easily takes first place. 1,147 of his paintings are missing as of January this year.
  • Picasso easily eclipses an unknown artist who takes second place with 557 pieces missing. Most of them were lost after they were moved due to a fire code violation.
  • The most frequently stolen individual piece of art is likely “Adoration of the Mystic Lamb” which, over 600 years, has been stolen seven times.

Read more about the hundreds of millions of dollars that these paintings could be worth and more about art heists over here.

Source: Life’s Little Mysteries

The Pirates Of American Higher Education

October 17, 2012 in Daily Bulletin

Which colleges are the top pirates of movies and music on the internet? Ernesto reported:

  • Rutgers topped the list. Statistics suggest that students from that university download almost twice as much as the next biggest pirate university, NYU.
  • The most downloaded files at Rutgers were:
    • Fast Five (movie)
    • Cars 2 (movie)
    • Puss in Boots (movie)
    • The Witcher 2: Assassins of Kings (game)
    • The Dreamer, The Believer (music)
  • Productivity software such as Micorosft Office were also popular items

Find the full list and check out where your university (or Alma Matter) stands over here.

Source: TorrentFreak

The Rise Of Butlers

October 16, 2012 in Daily Bulletin, Signature

Despite some unwanted coverage, Butlers have become increasingly popular writes The Economist:

  • These days butlers must fulfill several roles. They should be able to plan events involving the world’s biggest celebrities, manage overseas investments, and take care of their boss’ whims and fancies.
  • For this the top butlers can expect to earn $240,000 plus a bonus and all expenses paid.
  • One agency’s butler training services are booked through 2013.
  • The main employers are Chinese, Russian and Middle Eastern. The British system of class greatly appeals to them.
  • Media portrayals of Butlers as discreet and resourceful have increased their popularity.
  • Classes are also available for employers to learn how not to embarrass themselves around their butlers. For around $13,000 the rich can learn the difference between desert and pudding, as well as how port should be passed.

Read more about their recent popularity and why Latin America might be the next big market over here.

Source: The Economist

Does Europe Need Bigger Cities?

October 15, 2012 in Daily Bulletin, Signature

America and Europe have roughly similar population levels. Yet Europe’s per person GDP is just 72% of America’s. The Economist argued that the size of Europe’s cities might be to blame:

  • America’s largest cities house 164 million people. In Europe it is just 102 million.
  • Cities are important for economic growth because there is knowledge spillover within them. When one person or company finds a new, more efficient way to do something, others soon copy it.
  • They are also important because today’s innovations requires experts from various different fields to come together, and this is easier to do in a city.
  • Europe’s cities may have remained small because of regulations. Zoning laws might help explain it. Linguistic barriers across Europe might also be a contributing factor.

Read more about what happens when a prominent researcher moves to a different city, how American cities compare to European ones, and what this means for Europe over here.

Source: The Economist

Gangnam Style Stock Markets

October 15, 2012 in Daily Bulletin

Gangnam Style is a music video that has gone viral, and there is a lot that it tells us about Korean stock markets:

  • Despite losing money over the past year a Korean firm called DI has seen its share price jump almost 500%. The reason? The chairman’s son is the creator of Gangnam Style.
  • This development should make no difference to how the company performs. Yet Korea has a history of unimportant things causing wide swings in the stock market.
  • If the child of a company’s CEO marries into the right family, then the company can expect to see gains in the market.
  • Or, if a person is seen in a photograph with an important politician, they too can expect to see a rise in their company’s performance.
  • These gains are generally temporary, and the stock soon comes back down to earth.
  • Some investors have taken to exploit this quirk of the Korean stock exchange to spread small pieces of seemingly innocuous and false information to make quick gains.

Read more about the ants behind the phenomenon, and examples of the wild swings in Korea’s market over here.

Source: The Economist

Via: Marginal Revolution