Animoca Brands is the face of a NFT bubble that feels curiously like the dot com era. Will there be a place for NFTs? Possibly. Will Animoca Brands be its Amazon or its Pets.com? I don’t know. But I feel queasy about the Hong Kong NFT wave that Animoca Brands are the poster child for. Particularly when on most other economic and societal metrics Hong Kong is running the other way; with a brain drain and economic decline.
Shedding some light on “dark patterns” and advertising regulation – ASA | CAP – “dark patterns” encompass a range of misleading advertising practices that have long been regulated under the CAP Code, and some of which reflect practices that are banned in all circumstances under consumer protection law. The CAP Code has long applied to online advertising (including companies’ own websites), and many of the common “dark patterns” align with issues that the ASA is well-versed in regulating
Ronn Torossian Admits To “Ethical Lapses” Amid News Site Controversy – PRSA-NY’s board of directors unanimously voted to condemn Torossian and 5WPR in response to the story. “In addition to being a cowardly and blatant violation of PRSA’s Code of Ethics, Ronn’s actions are a stain on our profession and undermine our role as guardians of facts and integrity for those we serve. We strongly condemn his and his firm’s direct role in perpetrating disinformation while pretending to be a legitimate industry news site,” said PRSA-NY’s board said in a statement. Torossian is no stranger to controversy, having been criticized over the years for his aggressive PR tactics, and is taking steps to remain in the public eye amid this one. Doing that has included issuing two press releases since the story broke — one offering Torossian’s list of “PR Rules” and another with marketing podcast recommendations. – so the lesson is basically break the rules while you’re small, apologise with no repercussions when you get larger
Depicting older people in ads – ASA | CAP – Communicating about ageing and older people in a positive way can help to tackle negative perceptions of ageing, and older people, but negative and offensive stereotypes about ageing and older people are still common. Using stereotypes about age in advertising may breach the CAP Code, and our guidance is designed to help advertisers ensure that they do not include offensive depictions of, or references to age in their advertising. – but is this really going to change in the ad industry when ageism is endemic from the top down in the industry – from hiring policies and representation to board level views held by the likes of Mark Read
FMCG
Advertising zero alcohol products – ASA | CAP – Marketers should, however, take care not to mislead consumers by implying that a product contains no alcohol at all if it contains any. For some consumers, whether for health, religious, or other reasons, the presence of a small amount of alcohol may be material information and therefore required to be present with reasonable prominence. Although the ASA has not formally ruled on such a circumstance, marketers are best advised to take a cautious approach when marketing a drink that is usually alcoholic (such as a non-alcoholic beer) but has been adjusted to bring it below the 0.5% ABV threshold. For instance, we would strongly recommend that ads contain a reference to the ABV alongside any ‘alcohol free’ or similar claims. – interesting that the ASA felt the need to put this notice out
Lecturers admit self-censoring classes with Chinese students | The Times – Academics are self-censoring to avoid causing offence to students from authoritarian states such as China, a new report has said. Two thirds said they believed that academic freedom was under threat in higher education and more than two fifths felt the same about their freedom to select teaching content. The survey of 1,500 social science faculty members across a range of British institutions was conducted by academics from Oxford, Exeter and Portsmouth universities.
Toronto bakery is burnt by a cultural appropriation feud | Financial Times – it is interesting to read about how Chinese cultural appropriation of Korean intangible national treasures has spilled over on to the western social networks. Naturally Vancouver seems to be at the centre of this maelstrom
Inside Facebook’s $10 Billion Breakup With Advertisers – WSJ – Apple’s privacy settings have affected e-commerce advertising on Facebook and advertising sales have dropped. It would be interesting to see if there was a geographic breakdown on this. If this is people like the Chinese online direct to consumer commerce and drop shippers, thats a big issue for Facebook. It already has issues with big brands in terms of ad quality, brand safety and skepticism over the reliability of Facebook’s ad metrics that is based on past behaviour
Online
Google Search Is Dying | DKB – interesting discussion on the Google search experience for early adopters. It is the kind of things that I have complained to friends about. It also shows the relative power of Reddit – which brings us back to the Yahoo! ideas around knowledge search circa 2005/6
TikTok Wants to Avoid Facebook’s Mess. Its Corporate Culture Could Complicate That — The Information – Two years ago, a team of TikTok employees in China—where the hit video-sharing app’s parent company, ByteDance, is based—were excited to show their colleagues in the U.S. a preview of some new features they’d been working on. But the Americans were troubled when they saw one of them, which would let TikTok users darken or lighten their skin tone—a feature the U.S. employees feared would spur the creation of culturally insensitive videos featuring blackface, according to three people with direct knowledge of the matter. In another meeting, the China TikTok team showed their American counterparts a different feature that used an algorithm to scan users’ faces and tell them whether they were “beautiful” or not, according to one person who saw the presentation. After some employees raised concerns about the features, TikTok decided against launching them in the U.S.
The rise and fall of Esprit, SF’s coolest clothing brand – Esprit appealed to the youth with a message of lefty, post-racial harmony. Wild prints, bright colors and baggy silhouettes reigned. Their tote bags and T-shirts hung from all the coolest shoulders, adorning fashion plates with the legendary Esprit logo. With the logo’s omnipresence at the time, it may as well have been Supreme for the teens of the late ’80s and early ’90s. – the article skips over some of the awful things that Esprit did to its Chinese emigrant workers in San Francisco.
Esprit Store in Gentings Casino, Malaysia by Ryan Lackey
The success of Esprit was down to its ‘Europeaness’. It had a Benetton kind of vibe, because they shared the same advertising creative and a similar approach to interior retail space design and bright colours. Esprit eventually listed on the Hong Kong Stock Exchange but never got its mojo back. The clean logo was designed by John Casado, who had worked for Apple on the Macintosh icons and New Line Cinema
China
Chinese documentary prompts rare criticism of Xi’s anti-corruption campaign | Financial Times – Analysts said the negative reaction to Zero Tolerance suggests the decade-long campaign has not sealed public confidence in the party’s ability to investigate itself for graft, which remains widespread….“Getting caught doesn’t mean you are more corrupt than others,” said a former official at the Supreme People’s Procuratorate, the highest government agency responsible for investigation and prosecution of criminal cases. “It just means you have bad luck.” – such a good read and reaffirms much of what I saw in China, prior to and during the early Xi premiership. The way it falls is arbitrary in nature and usually linked to power struggles
For Olympic Sponsors, ‘China Is an Exception’ – The New York Times – At the bottom of the slope where snowboarders will compete in the 2022 Beijing Olympics, an electronic sign cycles through ads for companies like Samsung and Audi. Coca-Cola’s cans are adorned with Olympic rings. Procter & Gamble has opened a beauty salon in the Olympic Village. Visa is the event’s official credit card. President Biden and a handful of other Western leaders may have declared a “diplomatic boycott” of the Winter Games, which begin next week, but some of the world’s most famous brands will still be there. The prominence of these multinational companies, many of them American, has taken the political sting out of the efforts by Mr. Biden and other leaders to punish China for its human rights abuses, including a campaign of repression in the western region of Xinjiang that the State Department has declared a genocide. – at the end of the day, brands are more afraid of Chinese consumers and the Chinese government than they are of western governments and activist consumers
Implications of Revenue Models and Technology for Content Moderation Strategies by Yi Liu, Pinar Yildirim , Z. John Zhang :: SSRN – We show that a self-interested platform can use content moderation as an effective marketing tool to expand its installed user base, to increase the utility of its users, and to achieve its positioning as a moderate or extreme content platform. For the purpose of maximizing its own profit, a platform will balance pruning some extreme content, thus losing some users, with gaining new users because of a more moderate content on the platform. This balancing act will play out differently depending on whether users will have to pay to join (subscription vs advertising revenue models) and on whether the technology for content moderation is perfect.
We show that when conducting content moderation optimally, a platform under advertising is more likely to moderate its content than one under subscription, but does it less aggressively compared to the latter when it does. This is because a platform under advertising is more concerned about expanding its user base, while a platform under subscription is also concerned with users’ willingness-to-pay. We also show a platform’s optimal content moderation strategy depends on its technical sophistication. Because of imperfect technology, a platform may optimally throw away the moderate content more than the extreme content. Therefore, one cannot judge how extreme a platform is by just looking at its content moderation strategy. Furthermore, we show that a platform under advertising does not necessarily benefit from a better technology for content moderation, but one under subscription does, as the latter can always internalize the benefits of a better technology. This means that platforms under different revenue models can have different incentives to improve their content moderation technology.
What China thinks of possible war in Ukraine | The Economist – Both see a world order being reshaped by American weariness and self-doubt, creating chances to test and divide the democratic West. Chinese and Russian diplomats and propaganda organs relay and amplify parallel narratives about the benefits of iron-fisted order over American-style dysfunction. Joint military exercises demonstrate growing trust – but China will be very cautious and nationalists want the Russian Far East back where it belongs as part of China
The Japan – Soul Train connection can consider to have started with The Three Degrees who seemed to do consistently more successfully in Japan than the US. The Three Degrees The Sound of Philadelphia is better known to people over 40 as the theme tune of the Soul Train TV programme. The popularity of The Three Degrees was such that there was some Japan only releases like Midnight Train.
The Afro Rake discotheque opened in 1974 and a visit to the club convinced TBS to broadcast episodes of Soul Train on a Sunday night, forging a true Japan – Soul Train connection.
In 1980, Yellow Magic Orchestra played Soul Train cementing the Japan – Soul Train connection with a cover version of disco song Tighten Up. YMO also told the viewers of the Japan – Soul Train connection and its large regular audience on TBS.
The Japan – Soul Train connection trickled down into 1970s Japanese club culture like the Afro Rake night club. The Japan – Soul Train connection was made through articles and photographs of the show. This and artists like The Three Degrees built the Japan – Soul Train connection. It was ironic that the Afro Rake made the Japan – Soul Train connection for TBS.
China sportswear: Fujian Tigers earn their stripes in Nike fight | Financial Times – what’s really interesting is the collapse in share of New Balance (down to poor execution over the past five years) and adidas in China. Li Ning have had a boom and a bust and risen again. Anta have acquired brands like Arc’teryx, Suunto, Salomon and Wilson. Salomon and Arc’teryx are particularly interesting because of their use by western special forces units
Consumer behaviour
The ‘Boomer remover’: Intergenerational discounting, the coronavirus and climate change – Rebecca Elliott, 2021 – the emergence of the ‘Boomer remover’ as coherent with a longer history of fascination with the Baby Boomers, a generation that has ‘been watched, commented upon, and invested with hope and despond in equal measure’ (Bristow, 2019, p. 92). This fascination has taken a more negative turn towards ‘Boomer blaming’ in the last 15 years. The Boomers have themselves become social problems, ‘folklore demons’ who, for their sheer number, are feared for the unprecedented burdens they may place on welfare states: a ‘Boomergeddon’ created by a ‘tidal wave of retirements’, combined with longer lifespans (Bristow, 2019, p. 92; Bristow, 2016; Somers, 2017; Walker, 1990, 1996). Fears about the impacts of an ageing population have then been moralized, turned into a critique of the attitudes and behaviours of this particular generation, namely, their perceived individualism run amok and selfish, hedonistic, reckless actions that have ‘robbed’ their children of a prosperous future (Bristow, 2016; White, 2013). The Boomers are maligned for the kind of people they are believed to be, today serving as the ‘archetypal ‘villain’ in the narrative of generational conflict’ (Bristow, 2021, p. 768). Younger generations are then made out to be the true adults in the room, who have to take responsibility for the messes their elders have made (expressed also by some on Twitter, like the user above who suggested young people might ‘show ’em how it’s done’). In this case, broadly available tropes about the Boomers’ perceived sins and deficiencies get attached to ‘older generations’ generally, in a context in which the cohort most at risk of dying from the virus actually seems to be those over the age of 80 – the so-called ‘silent generation’ rather than the Boomers
Biden’s trade policy is crafted with political rewards in mind | Financial Times – “worker centred” is like the “hard-working families” long invoked in both US and UK politics: you cannot oppose a trade policy supporting workers any more than you can be biased towards feckless loners. But helping all workers equally is not what it means in practice. Nearly 10 months in to the administration, this worker-centred policy shows a disturbing focus on old-style manufacturing-centred protectionism — and not even all manufacturing, just the politically rewarding parts. Although it is also proposing to extend trade-distorting support to new sectors like electric vehicles, the Biden administration has continued the historic US obsession with steel
U.S. Housing as a Global Safe Asset: Evidence from China Shocks by William Barcelona, Nathan Converse, Anna Wong :: SSRN – This paper demonstrates that the measured stock of China’s holding of U.S. assets could be much higher than indicated by the U.S. net international investment position data due to unrecorded historical Chinese inflows into an increasingly popular global safe haven asset: U.S. residential real estate. We first use aggregate capital flows data to show that the increase in unrecorded capital inflows in the U.S. balance of payment accounts over the past decade is mainly linked to inflows from China into U.S. housing markets. Then, using a unique web traffic dataset that provides a direct measure of Chinese demand for U.S. housing at the zip code level, we estimate via a difference-in-difference matching framework that house prices in major U.S. cities that are highly exposed to demand from China have on average grown 7 percentage points faster than similar neighborhoods with low exposure over the period 2010-2016. These average excess price growth gaps co-move closely with macro-level measures of U.S. capital inflows from China, and tend to widen following periods of economic stress in China, suggesting that Chinese households view U.S. housing as a safe haven asset. – capital flight
Will Germany Depart from the Merkel Model on China? Beijing Will Have a Say. – The Diplomat – the appointment of Greens co-leader and former chancellor candidate Annalena Baerbock as foreign minister has made such a break a real possibility. As an outspoken critic of China’s human rights practices and overseas economic coercion, Baerbock will advocate for a comprehensive China strategy that is more European, normative, and “rigor[ous].” She will be reinforced by FDP leader Christian Lindner, who joins the coalition government as finance minister, seen as the most powerful office next to chancellor. Lindner found himself on Beijing’s bad list in 2019 when he visited democratic opposition representatives in Hong Kong en route to the mainland
Xi fails to signal support for a second term for Hong Kong’s Carrie Lam | Financial Times – interesting earlier in the year the political insiders I knew of thought that Lam was going to run for a second time, when I thought that it might the be the security chap who had recently been moved to be her deputy. After this visit, CY Leung might throw his hat in the ring
Ideas
Maersk is no longer just a shipping company — Quartz – Maersk owns more container ships than anyone on earth, but it would be a mistake to think of the company as just a cargo shipping line. It’s also an airline, a trucking company, a port terminal operator, and a freight forwarder. Maersk has gobbled up a piece of virtually every stage of the global supply chain as part of its ambition to become a one-stop shop for logistics.
Yesterday (Dec. 16), Maersk struck a deal that offers a glimpse at the future of its business—and the future of global shipping. Starting next year, Maersk will effectively run the logistics operations of Unilever, one of the world’s largest consumer goods companies. Maersk announced in a press release that it “will be providing operational management of international ocean and air transport” for Unilever from 2022 to 2026.
Normally, Unilever uses its own in-house software, dubbed the “International Control Tower Solution,” to manage its own supply chains. But as of 2022, Unilever will hand off the run of its supply chain software to Maersk. “It’s a strong indicator that Maersk’s expertise extends well beyond sailing ships,” said Eytan Buchman, CMO at the cargo booking platform Freightos, who has written about Maersks’ acquisitions and expansion. “Combined with their other assets and what they’ve been building towards, it’s not a stretch to assume that this is another rung in the ladder towards full end-to-end global supply chain ownership.”
How many people in Japan have actually worn a couple’s outfit? | SoraNews24 -Japan News – less than 20 percent of married couples have tried going on a date in a couple’s outfit. But that doesn’t mean that people don’t want to try it! The survey, which was conducted between November 18 and November 26 of this year, asked 800 married people–400 women and 400 men—about their experiences with couple’s outfits. When asked whether they’d ever gone on a date with their spouse in matching outfits, only 18.1 percent said yes. – I thought it was more of a drama trope rather than a trend
Risks to China’s Growth in Luxury Retail | Luxury Daily – China accounts for 35 percent of all luxury sales across the globe. By 2025, those sales could shoot up to 50 percent of all luxury retail revenue, according to Bain Analytics. Luxury sector concerned by China’s GDPR type laws, regulations on biometrics and common propserity
Zegna shares surge in New York after SPAC deal | Vogue Business – The company has struggled during the pandemic, with core revenue falling 23 per cent last year. This year, sales are expected to stay behind pre-pandemic levels at €1.2 billion – positioned very much as a COVID issue but also seems to be down to the wider move of luxury and streetwear going closer
China’s Big New Idea – The Atlantic – “common prosperity,” has been adopted by journalists, scholars, and corporate executives in China with a fervor only a dictator can ignite. State newspapers are routinely plastered with commentary on the topic. On November 11, a shopping holiday known as “Singles Day,” the usual conspicuous excess took a back seat to the common-prosperity spirit. The e-commerce company Alibaba, the holiday’s primary purveyor, focused its marketing on eco-friendly initiatives and charitable programs instead of sales figures. Its management, eager to get into Xi’s good graces, had already pledged billions of dollars in charitable donations to support the leader’s cause, rather than its own shareholders.Until now, common prosperity has mostly been a concept for domestic consumption in China, but it might soon be heading overseas. The idea could become a central node in the ever-expanding lexicon of language Xi is trying to use to increase Beijing’s influence in international affairs and reshape the world order to favor China’s authoritarian interests – I think its more memetic in nature than an ‘idea’ per se, something that could mean whatever people want it to mean in their head
Guidance for preventing, detecting, and hunting for CVE-2021-44228 Log4j 2 exploitation – Microsoft Security Blog – observed the CVE-2021-44228 vulnerability being used by multiple tracked nation-state activity groups originating from China, Iran, North Korea, and Turkey. This activity ranges from experimentation during development, integration of the vulnerability to in-the-wild payload deployment, and exploitation against targets to achieve the actor’s objectives. For example, MSTIC has observed PHOSPHORUS, an Iranian actor that has been deploying ransomware, acquiring and making modifications of the Log4j exploit. We assess that PHOSPHORUS has operationalized these modifications. In addition, HAFNIUM, a threat actor group operating out of China, has been observed utilizing the vulnerability to attack virtualization infrastructure to extend their typical targeting. In these attacks, HAFNIUM-associated systems were observed using a DNS service typically associated with testing activity to fingerprint systems
Huawei documents show Chinese tech giant’s involvement in surveillance programs – The Washington Post – These marketing presentations, posted to a public-facing Huawei website before the company removed them late last year, show Huawei pitching how its technologies can help government authorities identify individuals by voice, monitor political individuals of interest, manage ideological reeducation and labor schedules for prisoners, and help retailers track shoppers using facial recognition. “Huawei has no knowledge of the projects mentioned in the Washington Post report,” the company said in a statement, after The Post shared some of the slides with Huawei representatives to seek comment. “Like all other major service providers, Huawei provides cloud platform services that comply with common industry standards.” The divergence between Huawei’s public disavowals that it doesn’t know how its technology is used by customers, and the detailed accounts of surveillance operations on slides carrying the company’s watermark, taps into long-standing concerns about lack of transparency at the world’s largest vendor of telecommunications gear – I can’t say I am surprised
Chinese Spies Accused of Using Huawei in Secret Australian Telecom Hack – Bloomberg – a key piece of evidence underpinning the U.S. efforts — a previously unreported breach that occurred halfway around the world nearly a decade ago. In 2012, Australian intelligence officials informed their U.S. counterparts that they had detected a sophisticated intrusion into the country’s telecommunications systems. It began, they said, with a software update from Huawei that was loaded with malicious code. The breach and subsequent intelligence sharing was confirmed by nearly two dozen former national security officials who received briefings about the matter from Australian and U.S. agencies from 2012 to 2019. The incident substantiated suspicions in both countries that China used Huawei equipment as a conduit for espionage, and it has remained a core part of a case they’ve built against the Chinese company, even as the breach’s existence has never been made public – so I was working on Huawei when Australia banned them from their national broadband initiative in 2013. My boss who was an ex-government guy had gone back to Australia to lobby for Huawei and three days later the guillotine dropped. This disclosure explains the why. China views Australia as its own personal colony. Am I surprised that the Chinese have a tailored access programme? No, but it shouldn’t be made any easier for them
Merck to invest NT$17 billion in Taiwan over next 5-7 years | DigiTimes – to set up production capacity for semiconductor and display materials and enhance R&D capability in Taiwan over the next 5-7 years, according to Merck Group Taiwan managing director John Lee. The investment is the largest as compared with the investment projects Merck has historically undertaken in Taiwan, Lee said. The investment is part of Level Up, Merck’s global investment plan with a total budget of over EUR3 billion (US$3.4 billion) and investment projects varying among different countries, Lee noted.
Taiwan opposition clings on for political relevance as voters shun Beijing | Financial Times – an overwhelming majority of Taiwanese reject unification with China, and over the past decade, the KMT’s support has gone into a tailspin. According to the Election Study Center at National Chengchi University, the proportion of voters identifying with the KMT has dropped to 18.7 per cent, compared with 31.4 per cent for the ruling Democratic Progressive party. – Not entirely surprising given the example that Beijing has provided with Hong Kong
A celebrity divorce spotlights declining China-Taiwan relations — Quartz – The controversies around the former couple, whose ups and downs are often compared in China to the US reality show Keeping Up With The Kardashians, paint a picture of the increasingly confrontational attitude in China towards Taiwan. For decades, citizens from both sides of the straits have sidestepped the tricky political relations of the Communist-ruled People’s Republic of China, and the democratically governed Republic of China (as Taiwan is formally called), to forge personal and professional ties. Taiwanese businesses have been integral to China’s economic advance, and music stars and actors from Taiwan have long found audiences in the mainland. That coexistence often relied on people on both sides dancing around what it means to be Taiwanese. “But as Chinese ultra-nationalism boils over under Xi [Jinping], there is no longer space for ambiguity between nationality and cultural identity,” said Joshua Yang, a doctoral student who tweets about Taiwanese identity and relations with the PRC. As opportunities for Taiwanese and Chinese residents to connect directly through study, work, or jobs shrink, it could harden attitudes in the mainland even further
Do the costs of the cloud outweigh the benefits? | The Economist – few aspects of modern life have made geeks drool more than the cloud, the cumulus of data centres dominated by three American tech giants, Amazon, Microsoft and Google, as well as Alibaba in China. In America some liken their position of impregnability to that of Detroit’s three big carmakers, Ford, General Motors and Chrysler, a century ago. During the covid-19 pandemic they have helped transform people’s lives, supporting online medical appointments, Zoom meetings and Netflix binges. They attract the brightest engineering talent. Amazon Web Services (aws), the biggest, is now part of business folklore. So it is bordering on heresy to argue, as executives at Andreessen Horowitz, a venture-capital firm, have done recently, that the cloud threatens to become a weight around the necks of big companies.
TVs TV was nighttime TV programming on Japanese TV. Like in the west, some of the most innovative cutting edge visual graphics and cult programming was broadcast on these night time slots from the 1980s through to the late 1990s. TVs TV blends video graphics with b-roll video and specially commissioned footage. You can find more Japan related content here.
Indigo Gaming
YouTube channel Indigo Gaming have managed to successfully complete their three part documentary series on cyberpunk culture.
Part one covered the origins of cyberpunk in the 1980s including Neuromancer, Blade Runner, RoboCop, Akira and Shadowrun.
Part two covers the late 1980s and early 1990s including Ghost in the Shell, Shadowrun, Total Recall and the Blade Runner Game.
Part three went into the 1990s with The Matrix, System Shock, Snow Crash, Hackers, VR & Simulation Theory.
Its an epic bit of documentary making covering books, comics movies and games with a cyberpunk theme. It is well worth sitting down and watching all three episodes to date.
Finally, it is worthwhile comparing it with the Cyberpunk documentary by Marianne Trench interviewing hackers and authors back in 1990.
Outdoor gear design
While football casuals and mountain girls made outdoor wear fashionable before Virgil Abloh and Palace made Arc’teryx trendy – Dana Gleason goes back to the origin of outdoor gear. The modern industry came out of the end of the second world war. He was in the industry back when it was run by hippie mountain climbers. He saw the industry tap into globalisation with production offshored to Taiwan in the late 1970s and early 1980s.
He also explains how a massive brand consolidation happened. The story involves Taiwanese generals, federal crimes and his own approach to design. Gleason now designs Mystery Ranch, which sells packs to trendsetters in Japan and around the world. I’ve had one of his Mystery Ranch packs for the past 12 years and its as good as when I got it.
TV glyphs of the USSR
Someone had found a demo reel of CGI for broadcast IDs made towards the end of the Soviet Union. It is impressive for its creativity.
Adult entertainment economics
The music industry was disrupted by the move to digital downloads and streaming online. With artists seeing severe revenue decline. The same seems to be the case in the adult entertainment industry with the rise of tube sites and the move away from physical media. Performers had an 85 percent reduction in their rate of pay.
Saab 900
A couple of films caught my eye celebrating the Saab 900. There is now enough distance between Saab’s collapse under GM to view the Saab 900 as the innovative car that it was.
The Saab 900 changed ergonomics, safety, driving performance and design in a way that is probably comparable to Tesla today in terms of its influence. It was the template for what Audi is today.
Big Car do a really good history of the Saab 900 that has a more serious tone to it.
The Incal
The Incal is the latest comic that is being adapted for streaming services. It is an epic work as a comic, here’s a 20 minute explanation of it. You may not have read the comics, but will have likely seen films that have been heavily influenced by it.
Facebook Changes Corporate Name to Meta – The New York Times – Zuckerberg has been committed to building the metaverse, a composite universe melding online, virtual and augmented worlds that people can seamlessly traverse. He has said the metaverse can be the next major social platform and that several tech companies will build it over the next 10-plus years. The name Meta is indicative of Facebook’s ambition for being the platform that is the metaverse.
The problems facing the metaverse aren’t going to be just solved by Moores law and software alone. There are needed to be technology improvements in battery chemistry and optics. Hardware engineers from Meta have their own concerns about developing the metaverse.
Facebook’s Meta mission was laid out in a 2018 paper on The Metaverse – Oculus executives highlighted what a commercial metaverse would look like, that some think is a blueprint for Meta’s ambitions today. Meta won’t be a move away from Facebook’s current problems with regards privacy and social cohesion. Though one of the first moves of Meta was to shut down Facebook’s legacy facial recognition system.
Interesting debate on the competing viewpoints of the Biden administration and China
Asia Society panel discussion featuring Lingling Wei, chief China correspondent for The Wall Street Journal and co-author of Superpower Showdown; Ryan Hass, senior fellow and the Michael H. Armacost Chair in the foreign policy program at Brookings; and Yasheng Huang, Epoch Foundation Professor of Global Economics and Management at MIT Sloan School of Management
What if Xi Jinping just isn’t that competent? – by Noah Smith – Noahpinion – you can’t argue that Xi Jingping isn’t at least competent as a political operator, but some of the other points in here are valid to a point. But part of it is better understood if one asks if Xi Jingping is a true believer in Stalinism and the answer would be yes. You could also use it to argue that we’re close to hitting peak China and then the country will decline disgracefully rather like the UK did post British empire
Sex Differences in Work Aspirations – Marginal REVOLUTION – more developed and gender equal nations are better than less developed nations in attracting boys to more established things-oriented (often blue-collar) occupations, but they fail to attract girls to these areas. This problem is also occurring for the subset of things-oriented STEM occupations. In fact, the problem for STEM is even more profound, given that interest in STEM declines for both boys and girls in more developed, innovative, and gender equal nations.
Mobile internet and political polarization – Marginal REVOLUTION – the mobile internet polarized the Left, but not so much the Right. What polarized the Right was…the polarization of the Left, and not the mobile internet. And please do note this sentence: “This increase in polarization largely did not take place among social media users.” It seems that on-line versions of older school media did a lot of the work
Data Shows Younger People Aren’t Reporting Cybercrimes / Digital Information World – members of the younger generations, namely Gen Z and Millennials, are less likely to report a cybercrime once it gets committed against them. Baby boomers are the most likely to report a cybercrime since 64% of them said that they had done so, and the proportion was much lower for Millennials who only report cybercrime 32% of the time. Things become even more dismal when you look at Gen Z, colloquially known as “zoomers” in internet parlance, who only report cybercrimes 21% of the time. One reason for this might be the fact that, having grown up with the internet, Millennials and Gen Z members don’t realize that online security is not something that you can take for granted – or that they believe that insecurity is part and parcel of internet life now
Culture
‘Italo Disco’ Was About More Than Boogie Nights: Alessandro Melazzini – Variety – his analytical doc makes clear, it’s easy to underestimate the importance of independent, non-ideological escape music. The 80s have been seen as a superficial decade,” Melazzini says. “With time you have another approach to that period, which was more than just silly. It was also a time of optimism, experimentations, promises, illusion. And genius creativity.”
Design
New Japan-Only Miata Asks You To Trade Power For Lightness | Jalopnik – I love this design philosophy: “horsepower and fun are not proportional, but lightness and fun are proportional, and if horsepower is increased, the body etc. must be strengthened, so it will inevitably become heavier. The lighter the car, the more fun the car is, and I think this Roadster is the best now if you enjoy driving.”
Secretive MoD ‘banking’ unit helps UK wage economic warfare | Financial Times – “People who worked in banking in the late 1980s will tell you that between Friday and Monday when the Berlin wall came down, people they thought were West Germans working on trading floors and in M&A departments just disappeared,” Keatinge said. “They were actually working for [East Germany’s] Stasi, gathering information about the financial activity in the City of London. You can be sure the same thing is happening now with the Chinese.”
Opinion: Everybody Is Still Greenwashing, But That’s Not What ESG Stands For. – the recent announcement from Kering banning the use of fur from all its collections and all its brands. It clearly did not have the impact that Kering would have hoped for. Although this would have been a big move internally, the public is now expecting more and is calling for a genuine rethinking of global systems and metrics that define success beyond financial gains to shareholders. Banning fur just isn’t enough for the Greta Generation – but how important are they for customers?
Germany’s Economy, Once Europe’s Engine, Is Holding It Back – WSJ – After years of belt-tightening aimed at honing competitiveness, German businesses and the country’s public infrastructure are suffering from underinvestment, economists say. Germany’s net investment rate has been around 0.5% of economic output since the turn of the century, compared with about 1% for Italy and 1.5% for the U.S., according to the World Bank. German net public investment has fallen below zero as existing assets depreciate
Reforms in Hong Kong Encourage Homecoming of Offshore Funds | Winston & Strawn LLP – In July 2021, the Hong Kong government gazetted a fund re‑domiciliation mechanism to encourage offshore funds set up in corporate or limited-partnership form to register in Hong Kong as OFCs and LPFs, respectively. This mechanism does not create any new legal entity; therefore, it does not require the dissolution of the original funds or require investors to exchange their interests from the old fund to the new fund. Upon re‑domiciliation, these funds would be de‑registered in the original place of incorporation and would have the same rights and obligations as any other newly established OFCs and LPFs in Hong Kong. The Wealth Connect, which formally commenced trading on September 10, 2021, allows Hong Kong-domiciled funds to be offered to mainland Chinese investors in the Guangdong-Hong Kong-Macao Greater Bay Area. This adds to the Mutual Recognition of Funds scheme, which started in 2015, allowing Hong Kong-domiciled funds to be distributed in mainland China. These connect schemes serve as another incentive to encourage fund managers to re‑domicile offshore funds to Hong Kong
The soft bigotry of America’s cultural left | Financial Times – imposing conformity through intimidation is not what is supposed to happen in democracies, still less on their most-prized campuses. Crushing free thought is McCarthyism. This new consensus is profoundly illiberal. It treats a person’s race as their primary fixed identity and assigns roles on that basis. This obliterates the individual moral autonomy on which liberalism rests. Since everything in society boils down to race, everything must change. California, for example, is trying to alter its mathematics curriculum to downplay the idea there are right and wrong answers in the science. The debate is fuelled by a proposal for new math standards called “A Pathway to Equitable Math Instruction”. The framework states that “objectivity”, “worship of the written word”, and “either/or thinking” are tools of white supremacy
The Deep Dive: “Hyper-Customisation In Health and Wellness Has Become The New Luxury.” – Another is working out which kind of digital technology will enable the clinic to stay connected with its clients, for example, wearables. “This is going to be a big challenge for us in the future because we have to have a tool which really works and that is really used by our clients.” Whatever the future of health and wellness may look like, what remains certain is that it will be driven by what the client demands. And what the client demands, Clinique La Prairie delivers. “At the end of the day, what our customers want are benefits to their wellbeing, not just during their time at the clinic but when they are back home,” said Gibertoni.
Media
Banker Guy Hands: ‘I’m scared of ending my life having not achieved’ | The Times – We had an enormous number of people working on the Stones and we weren’t making much money – they are a catalogue band. The new albums didn’t sell, and the income from old CDs was small. What really worked for the Stones was touring. The bid we had in mind for their new contract – the bid we thought made economic sense – was unlikely to be what they were hoping to achieve. The only way we could pay them more was if they did some TV work for us, put their name on a computer game and gave us a share of their concert revenues
New Facebook Storm Nears as CNN, Fox Business and Other Outlets Team Up on Whistleblower Docs — The Information – Upcoming news stories based on thousands of Facebook documents—which whistleblower Frances Haugen worked to release to more than a dozen news organizations as diverse as the Associated Press, CNN, Le Monde, Reuters and the Fox Business network—aren’t likely to be as revelatory as those epic leaks of time past – this drop has been carefully thought through to maximise scrutiny of Meta
Haugen claims backed by new Facebook whistleblower filing with SEC – The Washington Post – Facebook officials routinely undermined efforts to fight misinformation, hate speech and other problematic content out of fear of angering then-President Donald Trump and his political allies, or out of concern about potentially dampening the user growth key to Facebook’s multi-billion-dollar profits.- drip, drip, drip and the Meta rebrand won’t stop it. At least in America it can rely on bipartisan disagreement to keep it from being regulated.
Facebook Conducted An Experiment In Which It Turned Off The News Feed Algorithm, To Surprising Results / Digital Information World – Engagement dropped like a stone in an ocean, Groups ended up becoming more popular than ever before, and Facebook made even more money per user, once they actually went through their News Feeds. This sort of behavior seems to almost mirror the internet landscape we have today. Platforms such as Reddit have skyrocketed in relevancy, because they provide an enhanced version of Groups. They also make a lot of money on this premise, despite having much fewer active users than Facebook did back in 2018. – It will be really hard for Meta to live these findings down
US intelligence officials warn companies in critical sectors on China | Financial Times – many businesses were not aware of the direct and hidden links between Chinese companies and universities and state security, or that Beijing was using a “whole of government approach” to obtain technology – more likely that these businesses don’t care and they will continue not to care unless financial and judicial penalties are put in place
Exclusive: Amid national security concerns, US slaps overhead time limits on satellites – Breaking Defense – Industry officials further argue NOAA’s ruling will stifle the ability of US firms to claim a leading edge in the growing global market for near real-time imagery products. The use of sat imagery to track terrestrial change has long been in use by the US government and even commercial firms. The ability to do so with ever increasing timeliness is what is new in the commercial market, and what is worrying DoD and IC officials is that those burgeoning capabilities mean there soon will be no place safe from prying satellite eyes.
