Friday, February 15, 2013

A Friendly Chat With a Rich Person


Mike
: Why don’t you start by introducing yourself?

Rich Person: I am 31, and my husband is 33. We have been married for three and a half years. I am a statistician and I work for a hospital in the research department. He has an MBA in finance and works for a bank. You can guess where the money comes from!

Mike: Your husband?

Rich Person: Indeed.

Mike: Can you tell us what your household income is?

Rich Person: Yeah, so this year we’re going to make about $360,000 total.

Mike: And you consider yourself “rich”, yes?

Rich Person: Absolutely, although it feels really weird to say that, and I have a lot of guilt about it.

Mike: Oh, interesting. Why is that?

Rich Person: Probably because neither of us grew up with any money at all. He was raised by a single mother who did her best, but had pretty bad financial habits; I had two parents and a stepparent who were all frugal but since nothing was ever frankly discussed, I didn’t learn much about money growing up.

We had everything we needed, but rarely what we wanted, if that makes sense. We both also spent most of our adult lives (which so far have been spent in college) really scraping by—we both had to live independently so we worked through undergrad and grad and got no help from our families.

Mike: Where did you and your husband go to college?

Rich Person: We both went to public state schools near our homes (we grew up in different cities). I got Pell grants and scholarships for undergrad, but it still didn’t cover everything so I have about $80,000 in student loans, mostly from grad school. He didn’t get as much help and a MBA is more expensive than an MS, so he has about $120,000 in student loans. When I think about $200K in student loans, my head spins. But then I think about our annual income and it seems proportional.

Mike: But your husband also knew he’d be pursuing a high-paid career too, right? So there was a plan of some kind—a vision that the debt would be manageable?

Rich Person: Yes, and actually we don’t regret the loans at all. We both like our jobs very much, and there’s no way we could be where we are without them.

Mike: So tell me about how you guys became “rich.” Was it gradual, or sudden?

Rich Person: Well, as you know, starting out a career in banking in 2008 was not the most confidence-inspiring prospect. His salary was $58,000 but we had no confidence in the stability of his job. My salary at the hospital right out of school was $48,000. Before we were married that felt tough (separate rent, bills, groceries, etc.) although a lot of that is because both of us reacted to growing up poor pretty badly—as soon as we had a few extra bucks we were buying rounds and ordering the filet.

Mike: This was in the middle of the recession, right? Maybe you were trying to jumpstart the economy?

Rich Person: We were dumb, and we both did stuff like that even when we were in school and struggling. I liked to treat my friends and would do so down to my last dollar, but thankfully I didn’t turn to credit cards. He had quite a bit of consumer debt when we got married from overspending that we paid off the first year we were both working our “real” jobs. He’s great with other people’s money, but his money is very much an emotional thing. We gradually got raises over the next couple of years, and then in 2011 he got his first real bonus, which just sent us over the moon. That was $65,000, which ended up being about $38,000 after taxes.

Mike: That’s somebody’s salary!

Rich Person: His bonus in 2012 was $85,000, and this year it will be $100,000. And the big, big change is that his base salary went from $65,000 last year to $160,000 this year.

Mike: How did that happen?

Rich Person: He got a new job with a major jump in title and responsibility. He’s the vice president of corporate finance at this new bank.

Mike: So we hear titles like that often. But what does that mean he does?

Rich Person: It means that now he has a fresh MBA to boss around! No, kidding. Sorta. He does manage someone now, and the department is brand new so with any luck he’ll be managing more soon. So corporate finance basically means they give and manage and split up loans to businesses. His new bank is relatively small so the businesses also tend to be small.

He also works 80 to 100 hours a week. Otherwise you’d be talking to him! He basically is home to sleep. He does usually get at least one full weekend day, though. And I work from home now so I’m always here. So, now with his basically $260,000 plus a $35,000 signing bonus and my $65,000 salary, our combined income is $360,000.

by Mike Dang, The Billfold |  Read more:
Image: uncredited

Jack Nicklaus Throws His Weight Behind Boccieri Golf's Secret Grip

[ed. This is a golf innovation that I'd actually like to try. Kind of makes sense.]

A year ago, Stephen Boccieri left the PGA Merchandise Show with a crazy idea. He was going to try and get Jack Nicklaus to endorse his new product, the Secret Grip.

Boccieri, CEO and president of Boccieri Golf, is best known as the inventor of the Heavy Putter, which debuted in 2003. The Secret Grip continues with the "heavy" theme. Boccieri added a 17-gram tungsten cap to the end of the grip, making it 40 percent heavier than an average grip.

Boccieri said the extra weight in the grip, called back weighting, quiets the hands and gives golfers more control over their shots. Thus, the idea behind the grip was not to increase distance, but to improve accuracy and control.

After several months of working his contacts in the golf industry, Boccieri was able to get the Secret Grip into the paws of the Golden Bear. After trying out the grips at the Memorial Tournament last May, Boccieri said Nicklaus was "intrigued" and wanted the grips on the rest of his clubs.

By September, the 18-time major champion signed on as a spokesperson for the Secret Grip. Boccieri couldn't believe it.

"It's the pinnacle of my career," Boccieri said. "For him to be associated with me is my greatest thrill."

While Boccieri makes a full line of clubs, he knows it's hard to compete with the TaylorMades and Titleists of the world. But Boccieri sees the Secret Grip as a great way to get golfers in the door and into the rest of his products. (It's a strategy that worked well for Apple when it debuted the iPod.)

by Ryan Reiterman, Golf.com |  Read more:
Image: Boccieri Golf

Can the Republicans Be Saved From Obsolescence?


One afternoon last month, I paid a visit to two young Republicans named Bret Jacobson and Ian Spencer, who work in a small office in Arlington, Va., situated above an antique store and adjacent to a Japanese auto shop. Their five-man company, Red Edge, is a digital-advocacy group for conservative causes, and their days are typically spent designing software applications for groups like the Heritage Foundation, the Republican Governors Association and the U.S. Chamber of Commerce. Lately, however, Jacobson and Spencer have taken up evangelizing — and the sermon, delivered day after day to fellow conservatives in the form of a 61-point presentation, is a pitiless we-told-you-so elucidation of the ways in which Democrats have overwhelmed Republicans with their technological superiority.

They walked me through a series of slides showing the wide discrepancies between the two campaigns. “And just to make them feel really bad,” Jacobson said as he punched another image onto the overhead screen. “We say, ‘Just wait — this is the most important slide.’ And this is what kills them, because conservatives always look at young voters like the hot girl they could never date.” He read aloud from the text: “1.25 million more young people supported Obama in 2012 over 2008.”

In the light of his Apple monitor, Jacobson’s grin took on a Luciferian glow. He is 33, wiry and well dressed and has the twitchy manner of a highly caffeinated techie. “And then we continue with the cavalcade of pain,” he said. The next chart showed that while the Romney campaign raised slightly more money from its online ads than it spent on them, Obama’s team more than doubled the return on its online-ad investment.

Spencer chimed in: “That’s when one of our clients moaned, ‘It’s even worse than I thought.’ ” Spencer, who is 29, possesses the insectlike eyes of a committed programmer. He and Jacobson are alumni of the University of Oregon, where they both worked on the Commentator, a conservative alternative paper whose slogan was, “Free Minds, Free Markets, Free Booze.”

“Then, once people think we’ve gotten them through the worst,” Jacobson said, “we pile on more — just the way Obama did.” He put up Slide 26, titled, “Running Up the Score.” “Obama was the very first candidate to appear on Reddit. We ask our clients, ‘Do you know what Reddit is?’ And only one of them did. Then we show them this photo of Obama hugging his wife with the caption ‘Four more years’ — an image no conservative likes. And we tell them, ‘Because of the way the Obama campaign used things like Reddit, that photo is the single-most popular image ever seen on Twitter or Facebook.’ Just to make sure there’s plenty of salt in the wound.”

Back in August 2011, Jacobson wrote an op-ed in Forbes alerting Republicans to Obama’s lead on the digital front. His warnings were disregarded. Then last summer, he and Spencer approached the conservative super PAC American Crossroads with their digital-tool-building strategies and, they say, were politely ignored. It’s understandable, then, that a touch of schadenfreude is evident when Jacobson and Spencer receive the policy-group gurus and trade-association lobbyists who file into Red Edges’s office to receive a comeuppance.

“Business is booming for us,” Jacobson said. “We’ll double or triple our bottom line this year, easily. But this isn’t about getting new business. We need the entire right side of the aisle to get smart fast. And the only way they can do that is to appreciate how big the chasm was.”

by Robert Draper, NY Times |  Read more:
Photo illustrations: Matt Dorfman. Photographs, from left: Steve Cole/Getty Images; Baran Ozdemir/Getty Images

NY Times Closes Loophole


[ed. This was a bit of an unwelcome surprise a few days ago as I've been using this easy workaround ever since the paywall went up. But, they haven't closed all the loopholes yet and NYClean still seems to work (no telling for how long).]

After The New York Times introduced its digital paywall in early 2011, some frustrated readers came up with elaborate ways to get around it, including launching a special Twitter feed and browser app. But it turned out there was a much simpler workaround: just delete “?gwh=numbers” from the URL and it gets rid of the paywall banner.

Well, it only took about two years, but the Times has finally put the kibosh on this method. Joe Coscarelli at New York Magazine noticed that deleting these characters no longer worked and later confirmed as much with a rep from the Times.

"When we launched our digital subscription plan we knew there were loopholes to access our content beyond the allotted number of articles each month," the rep said. 'We have made some adjustments and will continue to make adjustments to optimize the gateway by implementing technical security solutions to prohibit abuse and protect the value of our content."

In the nearly two years since the paywall launched, the Times has racked up 668,000 paid digital subscribers across its network of publications, which has helped slow the company's decline in advertising revenue. In that time, the Times has also gradually lowered the number of articles readers can access for free. Now, it looks like the Times is ready to take the final steps necessary to pressure readers to either pay up or find their news elsewhere.

by Seth Fiegerman, Mashable | Read more:
Image courtesy of Flickr, Digiart2001 | jason.kuffer

Thursday, February 14, 2013

Neil Young



NAGATA Shunsui(永田 春水 Japanese, 1872-1944)
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Closer Relationships Aren't Necessarily Better Relationships

[ed. It's my intuitive sense that this is one of the most important factors in a relationship, i.e., finding an agreeable space in which both people are comfortable and can co-exist.]

When it comes to having a lasting and fulfilling relationship, common wisdom says that feeling close to your romantic partner is paramount. But a new study finds that it's not how close you feel that matters most, it's whether you are as close as you want to be, even if that's really not close at all.

"Our study found that people who yearn for a more intimate partnership and people who crave more distance are equally at risk for having a problematic relationship," says the study's lead author, David M. Frost, PhD, of Columbia University's Mailman School of Public Health. "If you want to experience your relationship as healthy and rewarding, it's important that you find a way to attain your idealized level of closeness with your partner."  (...)

A sample of 732 men and women, living across the U.S. and Canada, completed three yearly surveys online. They answered questions about relationship closeness, relationship satisfaction, commitment, break-up thoughts, and symptoms of depression. Current and ideal closeness were assessed by choosing from six sets of overlapping circles; varying degrees of overlap signified degrees of closeness. This well-established psychological measure of closeness is known as Inclusion of Other in Self and indicates a couple's "we-ness" or shared identity, values, viewpoints, resources, and personality traits.

More than half of respondents (57%) reported feeling too much distance between themselves and their partner; 37% were content with the level of closeness in their relationship; and a small minority (5%) reported feeling too close. The degree of difference between a respondent's actual and ideal -- their "closeness discrepancy" -- correlated with poorer relationship quality and more frequent symptoms of depression. The effect was the same whether the respondent reported feeling "too close for comfort" or "not close enough." Surprisingly, the negative effects of closeness discrepancies were evident regardless of how close people felt to their partners; what mattered was the discrepancy, not the closeness.

by Columbia University's Mailman School of Public Health, Science Daily | Read more:
Image: auremar / Fotolia

Affiliate Advertising

[ed. Posted not because I have anything against Ms. Popova's excellent site, but because I find the details about affiliate advertising interesting.]

Maria Popova is a Forbes 30 under 30 honoree, regular author for The Atlantic, and was named to the Fast Company 100 Most Creative in Business list. I let her know I was a regular reader of her site when I sent her an email a few months ago after she wrote an article about the dangers of advertising in journalism. She detailed a scenario in which a Pulitzer Prize winning journalist was offered money from Xerox to write an article. I sent her a message to ask for clarity in what she meant, given that I was aware of her practice of putting affiliate advertising links in her articles while at the same time asking users at the end of each article to donate to her site by telling them that she runs an ad-free site that is subsidized by user contributions (screenshot). It is often controversial for a site to make money off of affiliate ads without notifying users in any terms of use (i.e. Pinterest), or to write reviews on products without notifying users they are making money when the reader clicks and purchases those products (the FTC enforces laws for certain types of blogs), but Popova has been going a bit further - while keeping the ads undisclosed, she also writes at the end of each article and in each email newsletter that the site is ad-free and needs user donations to support it.

The Brain Pickings “Support” page reads: “Keeping it all ad-free…means it’s subsidized by the generous support of readers like you.” In a revealing email exchange outlined below, Popova told me that 25% of her book recommendations come from the data that she receives from Amazon after her readers click the ads in her articles and go on to make purchases (she sees, and makes commissions off of, the other items they place in their shopping cart, including books that she didn’t link to). I found this to be interesting given that she made waves in the journalism and blogging community by publishing the “Curator’s Code” last year which urged website owners to be more upfront in attributing where they found the content they post. It was also ironic given that she regularly writes diatribes in publications such as The Atlantic and NY Times railing against the “filter bubble” which is the common practice of websites using algorithms to recommend to users things that similar users have also read or purchased.

An interview in The Guardian last month drew me to revisit our weeklong email exchange from last Spring. I had inquired about whether she would notify users of her ad practices, and I was surprised to receive a defensive response coupled with a condescending sign off that read, “I wish you the very best as you continue to explore and navigate the world of media and morality.” Not being the open letter type, I wrote back with a few reasons why she may be misleading users, and after we had exchanged 7 or 8 more emails, she agreed to change her pitch to “banner-free” instead of “ad-free.” When she changed it back to “ad-free” within 6 weeks, I was disappointed, but still not the open letter type. When she ignored my next three attempts over the summer to ask her why she still claimed to be ad-free, I figured she must have just really need the donations to keep the site going.

But then I read The Guardian article last month which quoted Brain Pickings user numbers (millions per month) that point to potentially millions of dollars in deception on the table, then I did a google search and found out that a for-profit LLC was formed in New York called “Brain Pickings LLC” (with an address matching the one on Popova’s contact page), just one month after my email inquiry to her (odd timing for a site in its 7th year at the time), and then I saw more articles by Popova condemning media, journalism, writers, and the filter bubble….and then I realized it was time for an open-letter and thought this was a worthwhile place to start a much needed discussion about affiliate advertising, Pulitzer Prize winners, the journalism and blogging industries, how E.B. White started all of this and how Richard Feynman can end it.

Describing how affiliate ads affect writers is necessary given that the reason Popova told me she uses the “ad-free” pitch is that she claims her affiliate advertising links are not ads. Popova uses Amazon’s Affiliate links program - which means if I click a book or product link from her site and buy that book, and another book, and a movie, diapers, a shirt, and anything else - she receives up to 10% of my entire shopping cart’s value from that trip to Amazon…and she also gets to see what I purchased. Given the non-Silicon Valley nature of her site, I was willing to give her the benefit of the doubt that maybe she didn’t realize that these are a form of advertising (even though the first feature in bold on the Amazon Affiliates page is “Advertising,” and in every description of the service, Amazon calls the revenue made by partner websites “advertising fees.”).

Maria informed me she doesn’t define the links in her articles as ads because they are all “books that I would feature anyhow” and that her “different intention” means that she is not seeking to sell the books. I pointed out that in Google’s quest to organize the world’s information, there are tens of millions of times per day where the top Google result is also the top Ad that they display, but in these cases they don’t say “this is the one we were going to show you anyway” and hide the fact that it is an ad. Advertising is a business process defined by the way money changes hands - intent does not play a part in the definition. Roger Federer probably already likes Rolexes, but as soon as they pay him millions of dollars, he is considered to be advertising their product. Aside from the fact that businesses don’t get to create their own definition of advertising, Maria’s claim that they were all books she would feature anyhow was contradictory to the statement she wrote in the same email thread, which proves that her advertisements do in fact change what books she offers to users:

“a major reason I use Amazon is…data they give me - it tells me what other books Brain Pickings readers are buying on Amazon…I’d say I’ve found at least a quarter of the books I myself have purchased and read over the past few years through Brain Pickings readers that way.”

Pulitzer Prize winning journalist Harrison Salisbury was the subject of an E.B. White letter featured by Maria last Spring that spawned our correspondence. In 1975, Xerox offered Salisbury $55,000 to write an article in Esquire magazine. White expresses his concern about the erosion of press if writers start accepting money from advertisers this way. In her commentary, Popova noted that she “has been publishing an ad-free curiosity catalog supported by reader donations for the past seven years.” Reading the article I could only think what reader response would be if the article concluded with “Disclaimer: I make money each time you click a link in my articles and buy a book.”

There are important differences that make affiliate ads more subversive than the Xerox-Esquire scenario. The Affiliate form of advertising invites more detriment to quality writing because it actually requires an author to interrupt the reader with a link and it incentivizes authors to change their tone such that they convince the reader to go all the way through with the purchase (which is necessary for them to receive their kickback). At least in the golden days of tainted journalism the author was paid upfront, and the ad was on the opposite page, not in the article itself, so they were still incentivized to write a quality article about anything they wanted - health, art, sports - that people thought was interesting enough to read, while hoping that wandering eyes would bring eyeballs to the Xerox Ad on the facing page. I’m not saying this offer was a good thing, simply noting that if Brain Pickings is building a brand based on anti-ad sentiments, it might be fair to explain how the revenue generating practices of the site work. The Guardian article described the site as an “antidote to Google” - ironic given the identical business models of Brain Pickings and Google, both of which make money as users click links in the normal course of using each site…the difference being that Google makes it known which links are ads.

by Tom Bleymaier, On Advertising | Read more:

Gangster Bankers: Too Big to Jail


The deal was announced quietly, just before the holidays, almost like the government was hoping people were too busy hanging stockings by the fireplace to notice. Flooring politicians, lawyers and investigators all over the world, the U.S. Justice Department granted a total walk to executives of the British-based bank HSBC for the largest drug-and-terrorism money-laundering case ever. Yes, they issued a fine – $1.9 billion, or about five weeks' profit – but they didn't extract so much as one dollar or one day in jail from any individual, despite a decade of stupefying abuses.

People may have outrage fatigue about Wall Street, and more stories about billionaire greedheads getting away with more stealing often cease to amaze. But the HSBC case went miles beyond the usual paper-pushing, keypad-punching­ sort-of crime, committed by geeks in ties, normally associated­ with Wall Street. In this case, the bank literally got away with murder – well, aiding and abetting it, anyway.

For at least half a decade, the storied British colonial banking power helped to wash hundreds of millions of dollars for drug mobs, including Mexico's Sinaloa drug cartel, suspected in tens of thousands of murders just in the past 10 years – people so totally evil, jokes former New York Attorney General Eliot Spitzer, that "they make the guys on Wall Street look good." The bank also moved money for organizations linked to Al Qaeda and Hezbollah, and for Russian gangsters; helped countries like Iran, the Sudan and North Korea evade sanctions; and, in between helping murderers and terrorists and rogue states, aided countless common tax cheats in hiding their cash.

"They violated every goddamn law in the book," says Jack Blum, an attorney and former Senate investigator who headed a major bribery investigation against Lockheed in the 1970s that led to the passage of the Foreign Corrupt Practices Act. "They took every imaginable form of illegal and illicit business."

That nobody from the bank went to jail or paid a dollar in individual fines is nothing new in this era of financial crisis. What is different about this settlement is that the Justice Department, for the first time, admitted why it decided to go soft on this particular kind of criminal. It was worried that anything more than a wrist slap for HSBC might undermine the world economy. "Had the U.S. authorities decided to press criminal charges," said Assistant Attorney General Lanny Breuer at a press conference to announce the settlement, "HSBC would almost certainly have lost its banking license in the U.S., the future of the institution would have been under threat and the entire banking system would have been destabilized."

It was the dawn of a new era. In the years just after 9/11, even being breathed on by a suspected terrorist could land you in extralegal detention for the rest of your life. But now, when you're Too Big to Jail, you can cop to laundering terrorist cash and violating the Trading With the Enemy Act, and not only will you not be prosecuted for it, but the government will go out of its way to make sure you won't lose your license. Some on the Hill put it to me this way: OK, fine, no jail time, but they can't even pull their charter? Are you kidding?

But the Justice Department wasn't finished handing out Christmas goodies. A little over a week later, Breuer was back in front of the press, giving a cushy deal to another huge international firm, the Swiss bank UBS, which had just admitted to a key role in perhaps the biggest antitrust/price-fixing case in history, the so-called LIBOR scandal, a massive interest-rate­rigging conspiracy involving hundreds of trillions ("trillions," with a "t") of dollars in financial products. While two minor players did face charges, Breuer and the Justice Department worried aloud about global stability as they explained why no criminal charges were being filed against the parent company.

"Our goal here," Breuer said, "is not to destroy a major financial institution."

A reporter at the UBS presser pointed out to Breuer that UBS had already been busted in 2009 in a major tax-evasion case, and asked a sensible question. "This is a bank that has broken the law before," the reporter said. "So why not be tougher?"

"I don't know what tougher means," answered the assistant attorney general.

Also known as the Hong Kong and Shanghai Banking Corporation, HSBC has always been associated with drugs. Founded in 1865, HSBC became the major commercial bank in colonial China after the conclusion of the Second Opium War. If you're rusty in your history of Britain's various wars of Imperial Rape, the Second Opium War was the one where Britain and other European powers basically slaughtered lots of Chinese people until they agreed to legalize the dope trade (much like they had done in the First Opium War, which ended in 1842).

A century and a half later, it appears not much has changed. With its strong on-the-ground presence in many of the various ex-colonial territories in Asia and Africa, and its rich history of cross-cultural moral flexibility, HSBC has a very different international footprint than other Too Big to Fail banks like Wells Fargo or Bank of America. While the American banking behemoths mainly gorged themselves on the toxic residential-mortgage trade that caused the 2008 financial bubble, HSBC took a slightly different path, turning itself into the destination bank for domestic and international scoundrels of every possible persuasion.

by Matt Taibbi, Rolling Stone |  Read more:
Illustration by Victor Juhasz

合気道 (Aikido)
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Re-thinking the Appendix

The appendix may not be useless after all. The worm-shaped structure found near the junction of the small and large intestines evolved 32 times among mammals, according to a new study. The finding adds weight to the idea that the appendix helps protect our beneficial gut bacteria when a serious infection strikes.

Charles Darwin was one of the first scientists to theorize on the function of the appendix, which in his day had been identified only in humans and other great apes. He hypothesized that the distant ancestors of these animals survived on a diet of leaves, and so they required a large cecum, a portion of the gut that houses bacteria that can break down stubborn plant tissue. Later, he speculated, these ancestors shifted to a largely fruit-based diet that was easier to digest. A large cecum was no longer necessary, and it began to shrink; today our cecum is tiny. Darwin thought the appendix, which juts off of the cecum, is one of its former folds that shriveled up as the cecum shrank. Consequently, he thought it carried no function.

But some scientists have challenged the idea that the appendix serves no purpose. It's been clear for about a century that the structure contains a particular type of tissue belonging to the lymphatic system. This system carries the white blood cells that help fight infections. Within the last decade, research has shown that this lymphatic tissue encourages the growth of some kinds of beneficial gut bacteria. What's more, careful anatomical study of other mammals has revealed that species as diverse as beavers, koalas, and porcupines also have a structure jutting off of their guts in exactly the same place as our appendix—in other words, the feature is much more common among mammals than once thought.

by Colin Barras, Science Now |  Read more:
Image: iStockphoto/Thinkstock; (Inset) Ingram Publishing/Thinkstock

How Valentine’s Day Created a Retailing Revolution


At the beginning of the 19th century, St. Valentine’s Day was of little note in American culture. It could easily have faded from the calendar out of Protestant indifference and civic irrelevance, forgotten right along with days dedicated to St. Agnes, St. Anne and any number of others.

Instead, St. Valentine’s Day suddenly surged in popularity in the 1840s. As Graham’s American Monthly announced in 1849, Feb. 14 “is becoming, nay, it has become, a national holyday.”

The day’s revival hardly stemmed from an unexpected burst of romantic love or a studied retrieval of folk customs. Rather, what made it all the rage was a new and fashionable commodity: commercially produced valentines, inventive seasonal prints that relied on lace-paper delicacy and ornamental frills for their appeal.

Holiday promotions and advertising, even for Christmas, were relatively undeveloped in the 1830s. The prevailing wisdom among employers was that holidays were impediments to enterprise: They were costly interruptions of labor and trade; they encouraged license, drunkenness and revelry; they diminished the virtues of industry and frugality. Time is money, after all.

St. Valentine’s Day provided an occasion to take another look at the economics of civic observance. Perhaps holidays offered a way to attract shoppers and create a ritual cycle for consumption; perhaps those shopkeepers of steady habits had made the wrong calculation.

by Leigh E. Schmidt, Bloomberg |  Read more:
Image: Library of Congress Prints and Photographs Division

Charles Schulz, Peanuts
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Photoshop is a City for Everyone: How Adobe Endlessly Rebuilds its Classic App


My dad has used Photoshop since 1.0. Twenty-odd years ago, he was a forward-thinking graphic-design upstart unafraid to use a computer instead of an X-ACTO knife. It turns out he made the right bet. These days, Photoshop is the only way to do his job. There's no X-ACTO fallback, and no viable "modern" alternative for this generation’s upstarts. And yet, today my dad feels like a hostage.

"I love and hate Adobe," he said when we first discussed this piece. See, Adobe doesn't build Photoshop for my dad. Adobe just builds Photoshop, and Photoshop is an insane mess. Every couple years brings a new version, costing hundreds of dollars, chock full of new features he doesn't need, and lacking the improvements he wants. Later, he downgraded his original sentiment: "I hate Adobe."

That surprised me, and not just because I've never heard my dad admit to hating anything. But I think I know how he feels, because I have my own love-hate relationship. It's called New York City. A city of too-small, too-expensive apartments, built in some antediluvian past, tunneled under with subways — elaborate rat-delivery mechanisms — and yet there are never enough trains, and the fare hikes are egregious, and it's so gross and hot down there in the summer, and nobody seems to know what to do about the homeless people huddled there in the winter.

And in a way, that’s Photoshop. It's like a world-class city — New York or London or Paris — centuries-old and layered thick with the past. They serve people, and people serve them, today’s denizens merely building upon what came before them. Cities grow and change organically as people find new uses for them. Sometimes they sprawl like kudzu (Houston, Los Angeles); sometimes they wither and shrink (Detroit).

Photoshop has grown and changed over the last two decades, becoming something new and unexpected. That’s great: it means new functionality and (in theory) better performance. But if, like my dad, you’ve been using the app from the beginning, when it was a tiny village that did one thing and did it well, you might be suspicious of all this change. Or at least wonder what it’s good for. Photoshop today seems basically feature complete, and totally unassailable. It's more than just the best professional image editing app: it's kind of the only professional image editing app. It’s the city that, to do your job, you have to live in.

But like New York, it can be a hard city to love. It feels its age, functional but a little run-down, maybe. It feels like if you tried really hard, you could probably still install Photoshop off a stack of floppy disks. You start to think about it the same way you think about NYC’s objectively amazing public transit system: why can’t it be better? Why can't it be slimmer? Why can't we just use Aviary and iPhoto and get our RAM back? Why isn't it dead yet?

Here’s the paradox: What makes Photoshop both anachronistic and indispensable? I figured to find out, I needed to dig into its past. After all, Paris has its catacombs, and Photoshop has its code. I decided to don my archeologist hat and do some excavating, i.e., I flew over to the West Coast and talked to some people.

by Paul Miller, Verge |  Read more:
Illustration: uncredited

Wednesday, February 13, 2013

Cinema Tarantino: The Making of Pulp Fiction

 

The first independent film to gross more than $200 million, Pulp Fiction was a shot of adrenaline to Hollywood’s heart, reviving John Travolta’s career, making stars of Samuel L. Jackson and Uma Thurman, and turning Bob and Harvey Weinstein into giants. How did Quentin Tarantino, a high-school dropout and former video-store clerk, change the face of modern cinema? Mark Seal takes the director, his producers, and his cast back in time, to 1993.

In late 1992, Quentin Tarantino left Amsterdam, where he had spent three months, off and on, in a one-room apartment with no phone or fax, writing the script that would become Pulp Fiction, about a community of criminals on the fringe of Los Angeles. Written in a dozen school notebooks, which the 30-year-old Tarantino took on the plane to Los Angeles, the screenplay was a mess—hundreds of pages of indecipherable handwriting. “It was about going over it one last time and then giving it to the typist, Linda Chen, who was a really good friend of mine,” Tarantino tells me. “She really helped me.”

When Tarantino met Chen, she was working as a typist and unofficial script consultant for Robert Towne, the venerable screenwriter of, most notably, Chinatown. “Quentin was fascinated by the way I worked with Towne and his team,” she says, explaining that she “basically lived” at Towne’s condominium, typing, researching, and offering feedback in the preparation of his movie The Two Jakes. “He would ask the guys for advice, and if they were vague or disparate, he would say, ‘What did the Chink think?’ ” she recalls. “Quentin found this dynamic of genius writer and secret weapon amusing.

“It began with calls where he was just reading pages to me,” she continues. Then came more urgent calls, asking her to join him for midnight dinners. Chen always had to pick him up, since he couldn’t drive as a result of unpaid parking tickets. She knew Tarantino was a “mad genius.” He has said that his first drafts look like “the diaries of a madman,” but Chen says they’re even worse. “His handwriting is atrocious. He’s a functional illiterate. I was averaging about 9,000 grammatical errors per page. After I would correct them, he would try to put back the errors, because he liked them.”

The producer, Lawrence Bender, and TriStar Pictures, which had invested $900,000 to develop the project, were pressing Tarantino to deliver the script, which was late. Chen, who was dog-sitting for a screenwriter in his Beverly Hills home, invited Tarantino to move in. He arrived “with only the clothes on his back,” she says, and he crashed on the couch. Chen worked without pay on the condition that Tarantino would rabbit-sit Honey Bunny, her pet, when she went on location. (Tarantino refused, and the rabbit later died; Tarantino named the character in Pulp Fiction played by Amanda Plummer in homage to it.)

His screenplay of 159 pages was completed in May 1993. “On the cover, Quentin had me type ‘MAY 1993 LAST DRAFT,’ which was his way of signaling that there would be no further notes or revisions at the studio’s behest,” says Chen.

“Did you ever feel like you were working on a modern cinematic masterpiece?,” I ask.

“Not at all,” she replies. However, she did go on to be the unit photographer on the film.

When Pulp Fiction thundered into theaters a year later, Stanley Crouch in the Los Angeles Times called it “a high point in a low age.” Time declared, “It hits you like a shot of adrenaline straight to the heart.” In Entertainment Weekly, Owen Gleiberman said it was “nothing less than the reinvention of mainstream American cinema.”

Made for $8.5 million, it earned $214 million worldwide, making it the top-grossing independent film at the time. Roger Ebert called it “the most influential” movie of the 1990s, “so well-written in a scruffy, fanzine way that you want to rub noses in it—the noses of those zombie writers who take ‘screenwriting’ classes that teach them the formulas for ‘hit films.’ ”

Pulp Fiction resuscitated the career of John Travolta, made stars of Samuel L. Jackson and Uma Thurman, gave Bruce Willis new muscle at the box office, and turned Harvey and Bob Weinstein, of Miramax, into giants of independent cinema. Harvey calls it “the first independent movie that broke all the rules. It set a new dial on the movie clock.”

“It must be hard to believe that Mr. Tarantino, a mostly self-taught, mostly untested talent who spent his formative years working in a video store, has come up with a work of such depth, wit and blazing originality that it places him in the front ranks of American filmmakers,” wrote Janet Maslin in The New York Times. “You don’t merely enter a theater to see Pulp Fiction: you go down a rabbit hole.” Jon Ronson, critic for The Independent, in England, proclaimed, “Not since the advent of Citizen Kane … has one man appeared from relative obscurity to redefine the art of movie-making.”

by Mark Seal, Vanity Fair | Read more:
Photograph by Annie Leibovitz

Banksy


The Story Behind Banksy (Smithsonian)
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Ezra Klein: The Wise Boy

The first time I interviewed Ezra Klein, the 28-year-old prince of D.C. media, he brought me a sandwich: prosciutto on a poppy-seed baguette. (Also, chips and a beverage.) We were in the back of a chauffeured black town car, sent by the Washington Speakers Bureau, to take Klein from his office at The Washington Post, across the river, to a speaking event at the Northern Virginia Community College. There, he would give a talk on U.S. politics. “I have a little spiel I do at these,” he told me. “The one I like to do is called ‘Why Washington is Horrible (in Charts),’ but they don’t have PowerPoint capability, so I’m doing a modified version.”

The point was, we were not going to eat for a while, and Klein took care to bring us dinner. (He also took care to stipulate that, should my barometer of professional ethics require it, I could pay him back for said sandwich, which I did.) “Did you read that New York Times Magazine article on decision fatigue?” he asked me, unwrapping his sandwich. “They ran this experiment where the judges would get hungry, and if you came up to the judge right before lunch, you never got parole; if you came up right after, you always got parole. The numbers were unbelievable! So now I’ve become more respectful of the way my stomach runs my brain.” He took a bite of his sandwich and chewed in silence, rushing and elongating his neck as if he would run out of air before he swallowed.

“Why Washington Is Horrible (in Charts)” is more than a spiel; it is Klein’s grand theory of politics, the media, and history. “One of my big beliefs about Washington is that we highly overstate the power of individuals and highly underrate seeing Washington as a system, in general, but, in particular, we highly underrate the power of Congress,” Klein began as we wheeled through the city. He placed particular blame on the media for latching onto trivial matters and overlooking the sticky, more complicated issues of how the government actually works. “I think the focus on gaffes is a deep embarrassment, like, a deep embarrassment, and a systemic failure on the media’s part,” he says. “And the danger of that is that, when you don’t tell people how a machine works, when it’s broke, they don’t know how to fix it. And I think that’s begun to happen.”

The audience for having someone explain Washington’s often esoteric policy debates has proved to be far larger than anyone could have anticipated a decade ago, when Klein first started blogging, and he has franchised himself to keep pace. His Wonkblog, which started out as a solo venture and has since swollen to include a staff of five, has arguably become the Post’s most successful project, bringing in over four million page views every month. “It’s ‘fuck you traffic,’” one of Klein’s Post colleagues told me. “He’s always had enough traffic to end any argument with the senior editors.” On top of this, Klein writes a regular column for the print edition of the Post, as well as long features for The New Yorker. He is a columnist for Bloomberg View. He has a book deal. He frequently subs in for Rachel Maddow, on MSNBC, where he is also on contract as a contributor, and, recently, there were rumors that Klein was on track to get his own show on the channel. (Klein dismisses this notion, saying Wonkblog is his priority.)

By all accounts, he is doing the underlying job—understanding complex policy and translating it for the interested layman—well. Scholars, policy professionals, and journalists respect him, as do a handful of fellow wonks in the West Wing. “His voice matters a lot,” says a White House official. “The president talks to Ezra.” “I’ll put it this way,” says Nobel Prize–winning economist and New York Times columnist Paul Krugman, “when I’m trying to get a quick handle on some currently hot policy, on the facts and the numbers, I very often find that I’m going to Ezra’s blog.”

That Klein has achieved this kind of success by age 28 is a fact that thrills his fans and rankles his detractors. (Wonkette once referred to him as a “child typist.”) It also puts him in the pantheon of hungry young men who have moved to Washington and shape-shifted, whether consciously or not, into something that’s more palatable to the city’s establishment. The blogger who, in 2008, tweeted, “fuck tim russert. fuck him with a spiky acid-tipped dick,” now styles himself as the evenhanded, empirically driven adult in a room of squabbling, stubborn children. Even his critique of Washington, grounded in data and charts and graphs, is establishment to the core: This place, he says, is not like it used to be.

“There are critiques that bother me, but that isn’t one of them,” he told me when I asked him about people’s obsession with his age. We sat nibbling on cookies in a bare, garishly lit greenroom, waiting for Klein to go on stage at the community college. “The idea that I shouldn’t do my work because I’m twenty-eight, as opposed to forty-six, does not strike me as a compelling critique.” But he is aware of his age, and, despite the high-profile job, the mortgage, and the wife, Klein says he intentionally tries to project a youthful image. “I wear jeans, not suits, for instance,” he says. Given that most of his peers have a different perception—“Ezra has kind of a dorky dad vibe,” said one friend—Klein’s playing up his youth explains why he is especially beloved by adults. When he finally came on stage, the audience was filled with people who could at least have been Klein’s parents, and they loved him: He was the good grandson delivering an intelligent and schticky bar mitzvah speech.

The presidential election was less than two weeks away, and Klein asked the crowd to consider a Mitt Romney victory, which they promptly booed. “You haven’t even seen him be president yet!” he exclaimed, in mock shock. “OK, let’s say his first act in office is the Give Ezra Klein Twenty-Five Million Dollars in Perpetuity Act of 2013.” The crowd ate it up. “See?” Klein said, waiting for the laughter to die down. “He’s not as bad as you think!” More laughter. Klein went on for an hour, replacing his charts with what he called “air graphing.” He talked about how Congress would likely block the Ezra Klein Act and, given the way the U.S. government is set up, leave the president with no recourse; he talked about the filibuster, about elections and the history of the devolution of the U.S. Congress, and he scolded the media for lying to this very audience, day in, day out.

“I couldn’t believe he was twenty-eight!” an older woman named Deb said when the Q&A was over and the audience began to trickle out. “I said to Judy, I said, ‘He must be brilliant! He must read all the time!’”

“I think he’s great! I read him in the Post,” added her friend Fran. “I’ve never read his blog, but I will!”

Then they swapped pictures of their grandchildren and lamented the fact that Klein was already married: A friend wanted her daughter to marry him.

Out in the lobby, Klein posed for photos and signed autographs, which, he later clarified, was unusual. A young man named Albert asked Klein for career tips. “My only advice is to try to get the job that’s most like the job you want, rather than the one that’s more prestigious,” Klein said. “Always try to be the talent.”

by Julia Ioffe, New Republic | Read more:
Image: uncredited