Companies That Double Down

September 28, 2012 in Daily Bulletin, Signature

When the CEO of a technology company is facing uncertainty it is common to hear them say that they are “doubling down” on the product. Dan Seifert pointed out that generally speaking CEOs say this before impending failure. Highlights of the article include:

  • After HP acquired Palm, HP’s Vice President said that the company would double down on Palm’s mobile operating system. HP then released two mediocre phones, and a tablet that was so bad it had to be pulled after less than two months on the shelf.
  • Apple’s Tim Cook said that the company would double down on the secrecy of its products in May 2012. Instead a series of leaks meant that when Apple’s CEO actually took the stage to release the iPhone 5, there were no surprises.
  • Google said that 2012 would be the year that they would “double down” on tablets and dominate that market. Thus far they appear to have failed.
  • The term ‘doubling down’ originates from the game of Blackjack. But in Blackjack if you double down at the wrong moment then you’re likely to lose. Instead companies should use another term that comes from the casino: going all in. The stakes are high, the risks are terrifying, but the ultimate payoff can be a game changer.
  • Or perhaps the companies meant the greasy, salty, double down sandwich released by KFC (pictured above). It has, after all, been fairly successful, and perhaps they meant that they wanted to emulate that success.

Read more about Facebook’s attempts at doubling down, and the problem with Siri over here.

Source: The Verge

The Booming Market For Used Cars

September 27, 2012 in Daily Bulletin

If you have a car with only a few years on it, now might be a good time to sell it and buy a brand new car writes Kathleen Pender:

  • Since 2007 the average trade in value of a 6 year old car has risen 33%.
  • Usually experts recommend buying cars that are 2-3 years old because that way you avoid paying for the years when the car depreciates the fastest, and you still end up with a fairly new car with the latest advancements.
  • Now however it might be more cost effective to buy a new car than a used car. In some cases the monthly payments are actually lower on a new car.
  • Part of the reason for this is that during the depths of the recession few people bought new cars – which means the supply of cars that only have a few years on them is low.

Read more about some examples of the cars available, and why we’ve likely hit a plateau over here.

Source: SFGate

Via: Newmark’s Door

What Does It Mean To Be A Startup?

September 27, 2012 in Daily Bulletin

What does the term “startup” really mean? Paul Graham gave his take:

  • Countless companies are started every day, yet only a fraction of them are startups.
  • This is because to be a startup you have to be designed for massive growth. Most of the businesses that are started in the US are restaurants and salons. They are not created with rapid growth in mind.
  • It is important to make it clear that a startup is only designed for growth. It doesn’t have to successfully attain growth to be a startup. Most startups fail.
  • The best way to measure growth is by revenue. If the product is given away for free at first then the best proxy is number of users.

The full article goes into much deeper detail about what it means to be a startup and provides several tips for budding startup entrepreneurs. Read it over here.

Source: Paul Graham

Via: Kottke

The Development Of Football Fields

September 26, 2012 in Daily Bulletin

In honour of (American) football season, Jimmy Stamp went over some of the history behind, and the dynamics of, the football field:

  • American football owes its origins to rugby and soccer. This is evident in the field that the game is played on – a grassy green rectangle.
  • Football doesn’t require a flat surface, because the ball doesn’t have to roll. Instead the field’s purpose is to mark territory and show which team has more of it.
  • When indoor stadiums became popular natural grass became too expensive to maintain. Artificial grass popularly known as “Astroturf” was developed.
  • The rubber base of modern artificial grass provides cushioning that helps protect the athletes as they tumble around on the field.
  • While this artificial grass could, in theory, be painted any colour, the rules mandate that the grass be green. This is to prevent sponsors from taking over the field itself.

Read more about developments in goal posts and other changes in the game over here.

Source: Smithsonian

300 Kilometer Traffic Jams

September 26, 2012 in Daily Bulletin

Paulo Cabral reported from Sao Paulo, Brazil’s biggest city, about the traffic problem:

  • On Friday evenings traffic jams can stretch as far as 300 kilometers (with an average of 180km).
  • Cars move so slowly for so long that at least one couple got married after spying each other as their cars inched along in the jam.
  • There is a radio station that runs 24/7 that does nothing but report on the traffic – and creative routes to escape it.
  • Helicopters have become an increasingly popular way to commute.

Read more about how this affects Brazil’s economy, and why building more roads isn’t really the solution over here.

Source: BBC

The Biggest Elephant In The Room

September 25, 2012 in Daily Bulletin, Signature

There’s no polite way to say this: India’s elephants are too fat. Siva Parameswaran reported:

  • Several temples in India keep elephants for religious ceremonies and customs.
  • These elephants have become overweight. One 48-year-old female elephant is 700 kilograms over her natural weight.
  • This is because in the wild elephants have a varied diet that includes fruits, flowers, and roots. In captivity they’re fed processed foods such as rice, salt, and sugar.
  • Moreover in the wild elephants have to walk long distances to find their food. In the temples it is just given to them.

Read more about how animal rights figure into this and what some are trying to do about it over here.

Source: BBC

The Importance Of Maps In Our Society

September 24, 2012 in Daily Bulletin

Apple’s bungled attempt at mapping (something that should particularly concern its executives) has put maps in the spotlight. Vanessa Thorpe looked at the role that maps play in our society:

  • Throughout history the center of the map was a known cultural landmark such as London or Jerusalem.
  • Now however with digital maps the individual is at the center of the map, explaining why they have become so popular in recent times.
  • Maps also play an important role in children’s literature. The Hobbit, The Chronicles of Narnia, and Treasure Island all prominently featured maps. The Marauder’s Map in Harry Potter also played a pivotal role.
  • Map makers have yielded a lot of influence in history and continue to do so in the present. Google mistakenly assigned some territory in Costa Rica to Nicaragua. Nicaraguans then used that mistake as a justification to invade the territory.

Read more about the mountain range that never was, and the future of maps over here.

Source: The Guardian

Ancestry.com’s Monopoly On Your Family Tree

September 24, 2012 in Daily Bulletin

It turns out that Barack Obama is related to Rush Limbaugh; Robert Pattinson to the original vampire: Vlad III Dracula; and Emma Watson to an actual witch that was burned at the stake. All of these connections were found by Ancestry.com – a website that has come to dominate the genealogy market. Bruce Falconer wrote:

  • After porn, genealogy is the most searched topic on the internet.
  • White women 55 and older are the most frequent visitors to genealogy sites.
  • Ancestry.com has doubled the number of its subscribers since 2009.
  • The site is projected to make $480 million this year – which means that it has grown almost 200% in the last five years.
  • Its biggest competitor is itself. It owns five of the top 10 genealogy sites, having acquired the most recent one in April.
  • Subscribers pay up to $34.95 a month for access to Ancestry.com’s substantial database, which covers 40 countries and 800 years of history.
  • Or they can pay $120 an hour (with a minimum of $2,400) for a personalized consultation with a genealogist.

Read more about the future of the industry, Ancestry.com’s humble origins, and the ancient Egyptian village that produced Hitler, Stalin, Darwin, Churchill, Turning, Austen and Lincoln, over here.

Source: Business Week

How Television Affects Our Relationships

September 23, 2012 in Daily Bulletin

We’re immersed in a media crazy culture. Could this be affecting our romantic relationships? The Taylor & Francis group reported on a study that suggests that the answer is yes:

  • Individuals who think that television portrayals of romance are realistic are less likely to be committed to their own relationships.
  • This also affected how they viewed the ‘cost’ – or the lost time and freedom – of the relationship. Those who believe in TV romances believe that the cost of their relationship is high.
  • This is concerning because several of the most popular TV shows this year have had important romantic threads.

Read more about the methodology of the study as well as what the author has to say about it over here.

Source: AlphaGalileo Foundation

The Last Meal

September 23, 2012 in Daily Bulletin, Signature

Before being executed, it is tradition to offer inmates whatever last meal they desire. Dashiell Bennett looked at a study that examined what exactly people ordered for their last meal:

  • The average last meal had 2,756 calories.
  • Over 80% requested meat. Over 60% requested something fried.
  • Fruits and vegetables were rarely ordered (obviously.) But pasta and pizza were also rare.
  • 20% didn’t order anything.
  • Branded foods were popular – probably because they didn’t want to be surprised or disappointed for their final meal.
  • This study has scientific value: it suggests that perhaps doctors shouldn’t tell patients they may die if they eat unhealthily. Knowing that one’s demise is imminent seems to make people eat more unhealthily – because they know it won’t matter.

See what one of these meals looked like, previous analysis of people’s last meal, and other details over here.

Source: The Atlantic