Category: media | 媒體 | 미디어 | メディア

It makes sense to start this category with warning. Marshall McLuhan was most famous for his insight – The medium is the message: it isn’t just the content of a media which matters, but the medium itself which most meaningfully changes the ways humans operate.

But McLuhan wasn’t an advocate of it, he saw dangers beneath the surface as this quote from his participation in the 1976 Canadian Forum shows.

“The violence that all electric media inflict in their users is that they are instantly invaded and deprived of their physical bodies and are merged in a network of extensions of their own nervous systems. As if this were not sufficient violence or invasion of individual rights, the elimination of the physical bodies of the electric media users also deprives them of the means of relating the program experience of their private, individual selves, even as instant involvement suppresses private identity. The loss of individual and personal meaning via the electronic media ensures a corresponding and reciprocal violence from those so deprived of their identities; for violence, whether spiritual or physical, is a quest for identity and the meaningful. The less identity, the more violence.”

McLuhan was concerned with the mass media, in particular the effect of television on society. Yet the content is atemporal. I am sure the warning would have fitted in with rock and roll singles during the 1950s or social media platforms today.

I am concerned not only changes in platforms and consumer behaviour but the interaction of those platforms with societal structures.

  • 25 years

    March 1998 – 25 years ago

    My consumer internet usage goes back 25 years as a celebratory email reminded me in my Yahoo! account earlier this year.

    Yahooversary
    25th Yahooversary

    had started using the internet back in early 1994. I had access to email whilst working as a research technician for Corning in their optical fibre manufacturing business. The account was for solely for professional reasons (for the most part).

    After Corning, I went to college and had access to the web for the first time. At that time, people in my year and the year above me mostly didn’t bother with the internet. I had found it useful for getting Mac software and researching material for college essays.

    I set up an Excite.com webmail account before leaving college, but it wasn’t that reliable. In the immediate aftermath of leaving college I worked long hours for the first few months in the call centre at MBNA the credit card company. So a rare day off was spent catching up on sleep or catching a video from the local Blockbuster store.

    Coffee, cake and email

    Over time, I got a temporary role in their marketing department. I was writing sales scripts for payment protection insurance and keeping a tally on salesperson performance. This meant that I moved to a role that was more 9 to 5 and I could start looking for my first career role. I even got to go shopping for sports cars that we were given away to the top performing sales person.

    (Aside: The Lotus Espirit Turbo and TVR Griffith were unpleasant driving experiences; the Toyota Celica GT-Four ST205 and fourth generation Toyota Supra were great cars to drive.)

    Yahoo in 1998
    What Yahoo! looked like in early 1998, about the time when I set up my email account.

    So one wet Saturday morning in March I set up a Yahoo! account in a cyber cafe around the corner from James Street station in Liverpool. I had found the address for Café Internet on North John Street in the Yellow Pages directory – there were only a couple of cyber cafes at the time in the Merseyside area and this one was the easiest to get to. Of course that would all change a year later with the launch of the easy group’s easyInternetCafe chain.

    (Aside: in the process of writing this article I found out that Café Internet was the first cybercafe in the North West of England, originally opened in 1995.)

    The connection that I enjoyed at Cafe Internet was slow and expensive.

    I had a weekly ritual of working during the week and then heading over to Liverpool on Saturday morning to do a bit of record shopping, check my email and apply to jobs with some of the best coffee and carrot cake available at the time. I used to bring my emails that I needed to send, pre-written up a floppy disk as plain text files, along with a copy of CV to send as an attachment for jobs.

    Eventually, I got my friend Andy online with his first email account and showed him the basics of web browsing. I don’t drink and we got accustomed to doing a spot of web surfing with good coffee and carrot cake prior to going window shopping in Liverpool city centre while chatting about everything and nothing. While we were online this was 25 years ago, so there was no UK e-commerce beyond shareware software on Tucows, so going shopping was not ironic.

    My front door to the web

    Yahoo! and other web portals like Lycos and Excite borrowed design cues from a newspaper page with their multiple columns of news snippets, horoscopes and weather forecasts. But it lacked the salacious content and gaslighting of the modern web.

    Yahoo in 1998

    My job search weekly cycle

    Week day evening: Monday looking at The Guardian for marketing jobs. At the time The Guardian was a good source of entry level agency roles. Thursday meant going through Campaign and PRWeek. By going through, I mean looking at their print copies.

    The library had a network that allowed PCs to do printing to a laser printer. In addition there were terminals that the librarians used to arrange inter-library deliveries. This ran on a command line interface connecting to a common database shared by all Wirral libraries. So my job search was analogue.

    Saturday morning: over to Liverpool to check for email responses and send new applications in.

    Given that most people applying for the jobs would be sending applications through via post, using email even on a weekly provided me with an advantage as a job seeker.

    The internet in print

    Given that it was expensive to get online. I spent more time reading MacWorld, Byte magazine and Wired magazine talking about online life than I spent online at the time. I noted down websites to check out next time I visited the cyber cafe, after I had sent my emails.

    My internet consumption mirrored a wider consumer patten 25 years ago, many people were excited by the idea of the internet before they had managed to get online. Getting online would follow a year or two later, partly due to the heavy direct mail campaign by early ISPs including AOL and CompuServe who sent CD-ROM discs to my parents every six weeks.

    Even by pre-internet standards that was a direct mail campaign of unprecedented scale.

  • MLM + more stuff

    MLM

    MLM or multi-level marketing is where people who need to make money buy product from a company like Avon, Amway, Herbalife, Nu-Skin or Tupperware. Usually the franchisee doesn’t buy directly but through a contact. They may be a long way down in a chain of sellers, which means you end up with a pyramid scheme. Some have described the onboarding and seller communications as a cult. (Disclosure, I did a bit of agency work on Nu-Skin when I worked in Hong Kong, I got to see products, but not how they were sold).

    Financial freedom

    The real product of MLM seems to be hope. Discussing the downside of MLM at this time is important. Financial freedom is going to sound particularly appealing to struggling middle class households wrestling with the cost of living crisis and rising mortgage interest rates.

    These videos by Sean Munger give a really good insight into Amway.

    Ponzinomics

    Robert Fitzpatrick’s self-published Ponzinomics seems to be the most cited book talking about the underbelly of MLM. Here’s an interview with him.

    Soviet space programme

    Enough time has gone buy for us to know how innovative the Soviet space programme was. Some of the innovations were dictated to them by limitations in production campacity. I came across these films about it.

    And how Russian closed cycle rocket engines surprised NASA after the cold war.

    I, Claudius

    Robert Graves period drama novels I, Claudius and Claudius the God were remade in 1976 as a 13 part TV series. (The first two episodes are called 1a and 1b, presumably to avoid an episode 13, given that theatre as a whole is superstitious). In 1965, the BBC had done a documentary about the unfinished 1937 film version and had found bringing their version to television difficult due to production rights still tied into the 1937 production.

    I, Claudius was considered to be a high water mark from point of view of audience viewership of more high brow material and latterly critics consider it to be one of the best TV programmes ever on British TV.

    Hello Hong Kong

    I received post from friends in Hong Kong and the package had a large sticker highlighting the Hello Hong Kong campaign which the government has been using to paper over the cracks left by its authoritarian pivot.

    Hello Hong Kong
    Hello Hong Kong mandatory sticker.

    One part of me thought that ambient media such as the sticker might be a good side hustle for mail services everywhere. As I dug into it, I found out that the staff ‘had to’ put these stickers on the packaging and at least some of them were doing so reluctantly. At least some customers were reluctant for their packages to be ‘propaganda banners’ for the Beijing backed regime. Meanwhile 7/21 alleged government backed triad actions are still fresh in the mind of locals.

    YKK

    You don’t think about how YKK clothes zips work effortlessly, but this Asianometry documentary gives you insight into the Japanese zip manufacturer.

    Starbucks Rewards as massive bank

    I used to use the Starbucks pre-payment system back when I could use it in both the UK and Hong Kong, but a rupture came in when Starbucks removed its rewards scheme from stored value cards to an app. So I found this video by ColdFusion reframing the Rewards scheme as a large bank like pool of money more akin to PayPal’s float than Avios loyalty points.

    Apollo project astronauts off the record

    On everything from the context of Project Apollo through to their views on climate change.

    Restaurant of mistaken orders

    A Japanese pop-up retail project with restaurant servers who are suffering from dementia. I was sent the link by a friend of mine from Japan – the Restaurant of Mistaken Orders really brings the impact home.

  • Soccer team acquisitions

    One of the biggest things that have impacted many British people has been overseas money that has resulted in soccer team acquisitions. There is a certain irony in someone like myself who isn’t that emotionally invested in sport writing about the impact of soccer team acquisions – but maybe my view from the outside in may get somewhere closer to the truth.

    I worked on lacrosse brand Warrior’s foray into soccer and helped relaunch the New Balance offering in football. (It had previously made football boots in the 1980s and had English football team captain Bryan Robson as their spokesperson.)

    I have visited major football stadiums in Ireland, the UK and Spain – but still don’t have an emotional connection to the game.

    Changing landscape

    Over my life I have seen football change as a pass time. Football was a decidedly working class sport with concrete floors on terraced stands with railings to lean on, clubs could pack in their fan base to watch a game standing up.

    Roy of the Rovers

    The sport was lionised in comics, notably football player Roy Race aka Roy of The Rovers, which ran from 1954 – 1993. It has been rebooted a couple of times, most recently by Rebellion, publisher of 2000AD and Judge Dredd.

    https://flic.kr/p/2oHEYiX
    Roy of the Rovers from 1977

    It is no coincidence that most of the UK’s most prestigious clubs were in historic large working class population centres: Liverpool, Manchester, Nottingham, Leeds and Leicester.

    John Moores to Delia Smith

    For working class entrepreneurs, soccer team acquisitions and team ownership were a way of demonstrating their position at the acme of their community. John Moores – the scion of the Moores family who founded the Littlewoods empire based on the working class love of betting on football match outcomes. Moores then went on to set up a mail order retail company also called Littlewoods, which mixed a wide product range with payment by instalments.

    From mail order Moores rolled out a network of value orientated department stores that catered to working class communities. To give you an idea of how ubiquitous Littlewoods was, everyone I knew at school had school shirts, trousers, jumpers and blazers from Littlewoods.

    In 1960, Moores become a director and then sealed his place in Liverpool society by becoming chairman of Everton Football Club. From this achievement he became a freeman of the city of Liverpool in 1980 and received a knighthood ten years later.

    Delia ovelooks my trifle creation
    via Wendy House

    Delia Smith is as famous in the UK for her cookery as she is for her ownership of Norwich City Football Club. A school leaver without qualifications, Smith built up a reputation for cooking after the austerity of the post-war years when cooking had no longer been passed down from mother to daughter due to food rationing. This eventually garnered being published in newspapers and magazines, her own TV series, books, a sponsorship deal with Sainsbury’s and an online cooking portal.

    Smith and her husband were not from Norwich, but had chosen to make their home there. They cemented their place in the community when Smith bought into the club in 1996, where she has a reputation as an impassioned owner.

    “This is a message for possibly the best supporters in the world. We need a 12th man. Where are you? Where are you?”

    Delia Smith broadcast on BBC Radio Norfolk during a match against Manchester City

    Smith like Moores was never going to make a fortune from football.

    Football is our religion

    In their push for viewer subscriptions, British satellite pay TV provider Sky Sports ran an anthem advert that got to the core of the British relationships with their football team.

    In the advert, actor Sean Bean reads a manifesto written by Leeds United fan, who also wrote, directed and produced the film.

    Life

    It can be difficult

    You know that

    We all need someone to rely on

    Someone who’s going to be there

    Someone who’s going to make you feel like you belong

    Someone constant

    It’s ectasy, anguish, joy and despair
    Part of our history
    Part of our country
    And it will be part of our future
    It’s theatre, art, war and love
    It should be predictable … but never is
    It’s a feeling that can’t be explained but we spend our lives explaining it
    It’s our religion
    We do not apologise for it
    We do not deny it
    They’re our team, our family and our life.

    Barry Skolnick

    If the football match is their service, then the football stadium is their church and their bible is the history of teams and and their gospel chapters individual player biographies. In Britain weddings, funerals and baptisms may happen in a church – but that’s about the limit of religious activities for many people.

    Catalysts

    Catalysts were in place for new types of soccer team acquisitions.

    How to become a millionaire?

    The perceived wisdom about owning a football team was encapsulated in a British joke:

    How to become a millionaire? Be a billionaire and then buy yourself a football team

    But that isn’t always the case. In America there was a class of investors who realised that owning sports teams with substantial media rights didn’t give regular dividends but did offer the opportunity of a big payout when exiting and selling the business on. People like the Glaser family and their experience with the Tampa Bay Buccaneers took their expertise to English Premier League football. Acquiring undervalued teams, maximising the value and selling them on. This hasn’t been without controversy with fans being openly hostile to the owners.

    A new type of British entrepreneur tried the same thing, the exemplar being Mike Ashley at Newcastle United.

    Hot media property

    Remember when I said about owning substantial media rights? The media rights themselves were a catalyst to changing the business and driving soccer team acquisitions. 1991 was a seminal year in English football with the founding of the Premier League. It was a break top flight football needed. At the time stadiums were in need of refurbishment and fans facilities were in a poor state. There were security issues at matches due to organised crowd violence. The English were only recently allowed back into European inter-league competitions after bans due to hooliganism.

    The Premier League allowed clubs to tap into funds to help rebuild stadiums and make nicer facilities. Knock on effects of this included a pivot towards middle class customers and corporate entertainment which affected the atmosphere in the stadiums, but made the matches more media friendly. This meant football clubs became more brand friendly and opened new commercial doors for sponsorships.

    The world is watching

    The rise of the Premier League also saw the rise of international media rights. Matches were broadcast around the world. Clubs suddenly found that they had a fan base half way around the world. English football tended to be more exciting to watch due to its playing style versus European clubs. It also attracted sports betting. One of the things that most surprised me travelling in Asia was running into fans not only of Liverpool or Manchester United but also lower profile clubs like Blackburn.

    The renovation of stadiums meant that clubs were ready for tourism and their merchandise sold around the world. A Manchester United football shirt appeared in even more cities than an ‘Irish’ pub. The clubs became global brands, which attracted the interest of American investors who realised the opportunity that English soccer clubs offered.

    Second wave buyers

    Skilful investors in English clubs don’t make money in soccer team acquisitions and running the clubs, but in selling their team. The next tranche of investors to shake up English football were foreigners resident in the UK and looking to enmesh themselves in British society some of them like Alexander Lebedev managed to buy the Evening Standard newspaper, which instantly gave him influence. However there are more opportunities to own a top flight football team due to media consolidation, AND, you probably have more chance of making more money on exiting the investment.

    Roman Abramovich

    Roman Abramovich - Chelsea - Sheraton Porto - 22/02/07

    The exemplar for this second wave would be Russian business man Roman Abramovich who had made is money in the post-Soviet era from energy and aluminium processing. He went on to buy Chelsea Football Club, one of the most high profile soccer team acquisitions of the early 2000s, if not the past quarter century. Under his ownership the club went under the kind of development that American owners had looked to achieve, but on a world stage. His ability to spend also distorted the transfer market for football players.

    By the end of the decade, a Europe wide set of regulations were brought into effect to try and reduce the distortion that second wave buyers and their soccer team acquisitions could bring to club competition called the UEFA Financial Fair Play Regulations.

    Even as a high profile member of British society, Chelsea couldn’t provide the shield that Mr Abramovich needed to stave off suspension of his tier one visa allowing entry at will to the UK in 2018. It also didn’t stop the sanctions deployed against him, amongst other Kremlin-connected business people after the 2022 invasion of Ukraine.

    Third wave of soccer team acquisitions

    The third wave of soccer team acquisitions are from Gulf Cooperation Council member states:

    • Bahrain – Bahrain is unlikely to be doing any large soccer team acquisitions, though it has bought into second tier side Paris FC. It is a regional tourist destination for people in the Middle East and has built up a finance services sector that has a regional footprint. However it has relied on financial help from the Kingdom of Saudi Arabia
    • Kingdom of Saudi Arabia
    • Kuwait
    • Oman
    • Qatar

    Their motivations are multi-pronged in nature:

    • Diversification of national wealth out of extracting oil and gas into assets that will continue to deliver returns after the oil runs out. In this respect they are no different to the sovereign funds of countries like Norway or Singapore
    • Media ambitions, Qatar already hosts the main service provider showing life professional football across the Middle East. Soccer team acquisitions could be thought of as vertical integration. For other countries, it could be seen as hedging against Qatar’s sports media hegemony
    • Increasing their soft power to improve their security status. This is also why Qatar hosted FIFA World Cup in 2022
    • Societal influence. The House of Saud have been the guardians of some of Islam’s holiest sites for about a century. Now they are the guardians of St James’ Park through their majority ownership via the Saudi government Public Investment Fund. This may give them a contingent to draw upon during difficult times in their relationship with the UK, particularly as Saudi oil becomes less important as an energy source. (Saudi oil will still be important as a chemical feedstock for every aspect of modern life including Tesla batteries, but hydrogen and electric power via alternative energy sources will reduce the impact of an oil embargo considerably.)

    The outlier

    Ryan Reynolds purchase of Wrexham is an anomaly. Soccer team acquisitions to build a media juggernaut are hard to do and Reynolds has shown he is uniquely creative with Aviation Vodka and Mint Mobile. He has managed to create a media property out of a lower league football team and bring pride back to a small North Wales town that hasn’t had much going for it since I was a child.

    The club was community owned and has had a modest 2 million pounds invested in it since 2011. But it made great reality television in a healthy way. How long the halo of Hollywood lasts is a bigger question, but any attention given to the former steel making and coal mining town has got to be welcome.

  • Barbie and Oppenheimer + more things

    Barbie and Oppenheimer

    The two stand out films of the summer are Barbie and Oppenheimer . Oppenheimer is a biopic of scientist and Manhattan Project lead J. Robert Oppenheimer, based on the book American Prometheus: The Triumph and Tragedy of J. Robert Oppenheimer. Oppenheimer went on to lead the projects Los Alamos lab. Los Alamos National Laboratory has gone on to do scientific research on defence projects as well as health related projects. Casting of Cillian Murphy provides a good physical resemblance of Robert Oppenheimer.

    J. Robert Oppenheimer biopic

    Oppenheimer is a complex film with the story told in the form of flashbacks. It also tries to reinterpret Oppenheimer for the present day, with a sense of guilt that Oppenheimer never personally expressed. But Oppenheimer had been concerned about the nuclear arms race and weapons proliferation. He opposed the subsequent development of the hydrogen bomb. These positions along with his friendships with communist party members in the US, led to him losing his security clearance in 1954.

    Robert Oppenheimer
    J. Robert Oppenheimer via the US Department of Energy

    Barbie

    Barbie looks to bring to life Mattel’s toy characters Barbie and Ken. Barbie was introduced in 1959 as a copy of a German fashion doll line. The fashion doll line came out of a cartoon strip in the Bild tabloid newspaper. Mattel went on to buy the German originator and shut it down. But by this time the German doll moulds were bought or copied by manufacturers in Hong Kong and Spain.

    Butterfly Princess Barbie (1994)
    1990s vintage Barbie

    The Barbie movie addresses head on the cultural and design legacy of Barbie alongside present-day culture wars

    • Barbie starts off in a matriarchal fantasy world; Ken is represented as a boy toy
    • Eventually Barbie and Ken end up in the real world. Barbie meet her owner who accuses her of setting unrealistic beauty standards
    • Ken learns about the male patriarchy, which means a battle of the sexes ensues when they both return to toyland

    Barbeheimer

    Both Barbie and Oppenheimer were released in the cinema at the same time going head-to-head with Mission Impossible: Dead Reckoning Part One. This led to cinema goers taking advantage and buying a ticket to see each film one after the other. The practice of watching Barbie and Oppenheimer as a double-bill became so common it was given its own name Barbenheimer, when then became a thing in the news, on podcasts and social media. It has been credited with listing the business performance of cinemas, while sit on the edge of a recession. In fact in the UK, for some of the weekend, both Picturehouse cinemas and Vue cinemas websites were having trouble handling customer traffic.

    China

    Belgian university disputes Chinese account of a meeting with top academic officials | South China Morning Post

    China developers: crunch puts Wanda movie units in the frame for sales | Financial Times – rather similar to when the Japanese property bubble collapsed and Japanese companies sold a lot of the foreign assets they had bought. Expect more high profile purchases to go back on sale

    Consumer behaviour

    How have Americans drinking habits changed? USA Facts

    Economics

    UK consumer confidence plummets in July | Financial Times 

    Chinese professor says youth jobless rate might have hit 46.5% – Nikkei Asia 

    Which business tasks can AI take on? And which can it not? | Financial Times 

    Armenia: on the new silk road for goods to sanctions-hit Russia | Financial Times

    Health

    Beyfortus approved in the US for the prevention of RSV lower respiratory tract disease in infants | AstraZeneca press room – RSV vaccines is an areas where a number of vaccine makers are looking to innovate and was highlighted in GSK’s earnings call

    Allergy season really is getting worse every year. Here’s how science can help | Theresa MacPhail | The Guardian 

    Drug donanemab seen as turning point in dementia fight – BBC News

    Hong Kong

    Hong Kong’s security appointee signals resolve for tight control | Reuters 

    The Drum | State Of The Nation: A Look Into 25 Years Of Media In Hong Kong 

    Have we had too much excessive leftism? | Big Lychee, Various Sectors – rather than the usual satire some interesting analysis

    Japan

    Tokyo is the new Paris – by Noah Smith – Noahpinion

    Luxury

    The Birkin bag: Gen Z’s new love for old luxury and the art of storytelling | Jing Daily

    Marketing

    Open letter warns of dangers of platform-based AI market mix modelling | WARC 

    UK watchdog proposes tougher rules on ‘finfluencers’ | Financial Times 

    Materials

    Self-healing metal? It’s not just the stuff of science fiction | Reuters 

    Media

    Google Tests A.I. Tool That Is Able to Write News Articles – The New York TimesOne of the three people familiar with the product said that Google believed it could serve as a kind of personal assistant for journalists, automating some tasks to free up time for others, and that the company saw it as responsible technology that could help steer the publishing industry away from the pitfalls of generative A.I.

    Who reads The Telegraph? Data shows audience demographic | Press Gazette – basically data from a YouGov poll…

    Security

    The world is in the grip of a manufacturing delusion | The Economist – this doesn’t acknowledge the national security aspect of the move to manufacture closer to home

    Apple slams UK surveillance-bill proposals – BBC News

    Kevin Mitnick Dies at 59 | MetaFilter – Mitnick was arguably the most famous hacker. The story of him getting caught was co-written by veteran technology journalist John Markoff: Takedown: Pursuit and Capture of Kevin Mitnick, America’s Most Notorious Cybercriminal. John Markoff’s accounts are believed to have exaggerated or even invented Mitnick’s activities and successes. Jonathan Littman’s The Fugitive Game is considered to be a less well known but more accurate version of Mitnick’s criminal past. Markoff went on to have a high profile career at The New York Times and write one of the best works on how counterculture influenced Silicon Valley: What the Dormouse Said: How the 60s Counterculture Shaped the Personal Computer Industry.

    Technology

    TSMC Sees Continued Weakness, and EUV’s Quandary (ASML) | Fabricated Knowledge

    Wireless

    UK mobile companies should be clear on overseas roaming charges, says watchdog | Financial Times

  • Mispress + more things

    Taylor Swift Happy Land mispress

    I was taken back to to memories of Skeleton Records in Birkenhead during the early 1990s due to a Taylor Swift album mispress. As a young record buyer I used frequent secondhand record shops to pick up promo copies of records. A rock orientated shop would often not realise what they had, this was before widespread internet access.

    The gaunt middle-aged shop assistant was sat behind the counter looking at a picture disc of Fish – State of Mind on picture disc. Fish had recently left then popular rock band Marillion and State of Mind was a single from his first solo album Vigil in a Wilderness of Mirrors.

    Apparently one of his customers worked as an assistant shop manager, realised what they had and ‘lost’ the record before the distributor came to collect all the copies of the mispress. The reason why the distributor would want to collect the records? Because they played Madonna’s Cherish instead. The shop assistant said to no one in particular, that will be worth something one day. He wasn’t wrong, I have seen prices quoted as high as 650 dollars paid – if the right Madonna or Marillion completist collector actually finds a copy for sale.

    Taylor Swift Speak Now - Pittsburgh
    Taylor Swift Speak Now Concert at Heinz Field by Ronald Woan

    A similar thing happened to Taylor Swift fans this week, who ordered her latest album and ended up with Taylor Swift artwork, but songs from the early 1990s electronica compilation Happy Lands volume 1 playing instead.

    This mispress became know as the ‘cursed version’ presumably because of its dark electronic sounds featuring Cabaret Voltaire and others. They might be able to take heart when they realise the such mispresses have become collectors items in the past with an appreciating value.

    Beauty

    Australian prebiotics haircare brand Straand begins international expansion push | Cosmetics Design Asia

    Business

    Does private equity improve companies? | Financial Times – TL;DR evidence suggests not

    China

    China’s youth left behind as jobs crisis mounts | Financial Times

    Consumer behaviour

    Most white Americans do not think their ethnicity affects their success | Financial Times 

    Economics

    Everyday inflation clues for investors | Financial Times 

    Third Wave of Hotel CRE Defaults Has Started, Triggered by CMBS Maturities and Variable-Rate Mortgages | Wolf Street 

    China on brink of consumer deflation | Financial Times 

    Energy

    Fab to build miniature solid state batteries | EE News Europe 

    Back when I was a child, the oil refinery was a cathedral to industry rather than a climate crime scene and working in the oil industry was a cut above working in other industries.

    FMCG

    The march of the mash-up enters increasingly bizarre territory | Financial Times 

    Germany

    Germany’s chemical groups look outside Europe to build new plants | Financial Times – interesting that they are going to the US and China

    Health

    Exclusive: Most patients using weight-loss drugs like Wegovy stop within a year, data show | Reuters

    Klick Wire | 84% of HCP telemedicine users are weekly+ 

    Hong Kong

    Hong Kong police question family of exiled activist Nathan Law — Radio Free Asia

    Hong Kong’s crypto grey zones lure Chinese visitors | Financial Times – are the shops are a capital flight vehicle and will they be regulated?

    Innovation

    3D printing industry gripped by intrigue, litigation and churn | Financial Times – 3D printing or additive manufacturing is currently used for small batch manufacturing by the likes of GE, Rheinmetall, Airbus and Lockheed Martin. You had a similar set up with CNC milling (including multi-axis machines) and multitasking machines which were confined to manufacturing ‘cells’ until Apple went out and bought thousands of them and had them running in parallel on Foxconn lines manufacturing iPhone chassis’. Additive manufacturing needs its ‘iPhone moment’ to cross the chasm to mainstream use. That is reliant on an innovative client rather than supplier innovation and the current players like Stratasys aren’t in a position to drive this next stage of innovation, but their customers might be.

    Luxury

    Xin zhong shi, and the rise of the made-in-China movement | Financial Times – disappointed that Shanghai Tang and its founder Sir David Tang didn’t get a mention

    Marketing

    CULT LDN + NYC | FFFACE.ME first official partners of Metaverse Beauty World – fashion isn’t giving up on VR and AR, as for the Metaverse read more about it here.

    Inclusive Advertising Requires A Process, Not Just People | Forrester Research

    Media

    How The X-Files foresaw the chaos of our post-truth times | Dazed 

    Online

    ChatGPT web traffic falls 10%, analytics show • The Register – will it fade away like Clubhouse?

    Security

    A Former Insider on What’s Happening in China – The New York Times 

    Abu Dhabi Secrets: How Qatar Seeks to Leverage Its Influence in Europe – DER SPIEGEL

    Singapore

    Sequoia China’s push into Singapore sets up fight against Indian arm | Financial Times – this was inevitable given the the declining opportunities in China and the move of UHNW Chinese from the mainland to Singapore

    Software

    Letter Statement March2023 | DAIR – Tl;dr: The harms from so-called AI are real and present and follow from the acts of people and corporations deploying automated systems. Regulatory efforts should focus on transparency, accountability and preventing exploitative labor practices.

    Technology

    Samsung Q2 2023 – Supercycle pt. XII – Radio Free Mobile worthwhile reading in conjunction with South Korea, China Locked in Intense Battle for Display Market Dominance – could BOE displace Samsung and LG? They are giving it a very good attempt

    Cryo memory test chip tapes out for quantum computers | EE Times Europe 

    Web of no web

    Google’s AR software leader is out over the company’s ‘unstable commitment and vision’ – The Verge