July 21, 2019
Fearless Girl is a bronze sculpture by American sculptor Kristen Visbal, commissioned by State Street Global Advisors (SSGA), a large asset management company. The statue was installed on March 7, 2017, in anticipation of International Women’s Day the following day.
The statue was originally installed in Bowling Green, a park in lower Manhattan, facing down the ‘Charging Bull’ (also known as ‘Wall Street Bull,’ a large bronze statue illegally placed there in 1989 by Sicilian artist Arturo Di Modica), but following complaints from Di Modica, ‘Fearless Girl’ was removed in November 2018 and relocated to a nearby spot across from the New York Stock Exchange. A plaque with footprints was placed on the original site.
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June 29, 2019
Public art is art in any media that has been planned and executed with the intention of being staged in the physical public domain, usually outside and accessible to all. Public signifies a working practice of site specificity, community involvement and collaboration.
Public art may include any art which is exhibited in a public space including publicly accessible buildings, but the relationship between the content and audience, what the art is saying and to whom, is just as important if not more important than its physical location.
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June 11, 2019
The Rio PMP300 is one of the first portable consumer MP3 digital audio players, and the first commercially successful one. Produced by Diamond Multimedia, it was introduced in 1998 as the first in the ‘Rio’ series of digital audio players, and it shipped later that year. The Rio retailed for US $200 with the ability to hold around 30 minutes of music at a bitrate of 128 kbit/s.
It shipped with 32 MB of internal memory and has a SmartMedia slot, allowing users to add additional memory. It is powered by a single AA battery, which provides between 8 and 12 hours of playback time. Connection to a personal computer is through the computer’s parallel port, with a proprietary connector on the Rio’s edge.
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June 4, 2019
A zero-rupee note is a banknote imitation issued in India as a means of helping to fight systemic political corruption. The notes are ‘paid’ in protest by angry citizens to government functionaries who solicit bribes in return for services which are supposed to be free.
Zero rupee notes, which are made to resemble the regular 50 rupee banknote of India, are the creation of a non-governmental organization known as 5th Pillar which has, since their inception in 2007, distributed over 2.5 million notes as of 2014. The notes remain in current use and thousands of notes are distributed every month.
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May 19, 2019
Virgil Abloh (b. 1980) is an American fashion designer, entrepreneur and DJ who has been the artistic director of Louis Vuitton’s men’s wear collection since March 2018. Apart from his work at Louis Vuitton, Abloh serves as the chief executive officer of the Milan-based label Off-White, a fashion house he founded in 2013.
He entered the world of fashion with an internship at Fendi in 2009 alongside rapper Kanye West. The two then began an artistic collaboration that would launch Abloh’s career with the founding Off-White.
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May 1, 2019
The monkey selfie copyright dispute is a series of disputes about the copyright status of selfies taken by a group of macaques using equipment belonging to the British nature photographer David Slater.
The disputes involve Wikimedia Commons and the blog ‘Techdirt,’ which have hosted the images following their publication in newspapers in July 2011 over Slater’s objections, and People for the Ethical Treatment of Animals (PETA), who have argued that the macaque should be assigned the copyright.
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April 28, 2019
The Federal National Mortgage Association (FNMA), commonly known as Fannie Mae, is a United States government-sponsored enterprise (GSE) and, since 1968, a publicly traded company.
Founded in 1938 during the Great Depression as part of the New Deal, the corporation’s purpose is to expand the secondary mortgage market by securitizing mortgage loans in the form of mortgage-backed securities (MBS), allowing lenders to reinvest their assets into more lending and in effect increasing the number of lenders in the mortgage market by reducing the reliance on locally based savings and loan associations (or ‘thrifts’).
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April 24, 2019
A Vidalia onion is one of several varieties of sweet onion grown in a production area defined by law of the U.S. state of Georgia since 1986 and the United States Code of Federal Regulations (CFR). Varieties include the hybrid Yellow Granex, varieties of Granex parentage, and similar varieties as recommended by the Vidalia Onion Committee and approved by the U.S. Secretary of Agriculture.
The onions are named Vidalia because they were historically grown in the town of Vidalia, Georgia. The cultivation of Vidalia onions started in the early 1930s. The different varieties are unusually sweet compared to other onions due to the low amount of sulfur in the soil in which Vidalia onions are grown. The Vidalia onion was named Georgia’s official state vegetable in 1990.
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April 1, 2019
A smart contract is a computer protocol intended to digitally facilitate, verify, or enforce the negotiation or performance of a contract. Smart contracts allow the performance of credible transactions without third parties. These transactions are trackable and irreversible.
Proponents of smart contracts claim that many kinds of contractual clauses may be made partially or fully self-executing, self-enforcing, or both. The aim of smart contracts is to provide security that is superior to traditional contract law and to reduce other transaction costs associated with contracting. Various cryptocurrencies have implemented types of smart contracts.
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January 28, 2019
Twin films are films with the same, or very similar, plot produced or released at the same time by two different film studios. The phenomenon can result from two or more production companies investing in similar scripts around the same time, resulting in a race to distribute the films to audiences.
Some attribute twin films to industrial espionage, the movement of staff between studios, or that the same screenplays are sent to several film studios before being accepted. Another possible explanation is if the films deal with topical issues, such as volcanic eruptions, reality television, terrorist attacks or significant anniversaries, resulting in multiple discovery of the concept.
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January 17, 2019
The Market for Lemons: Quality Uncertainty and the Market Mechanism is a well-known 1970 paper by American economist George Akerlof which examines how the quality of goods traded in a market can degrade in the presence of information asymmetry between buyers and sellers, leaving only ‘lemons’ behind (cars or other products that are found to be defective only after they have been bought).
Akerlof’s paper shows how prices can determine the quality of goods traded on the market. Low prices drive away sellers of high-quality goods, leaving only lemons behind. In 2001, Akerlof, along with Michael Spence, and Joseph Stiglitz, jointly received the Nobel Memorial Prize in Economic Sciences, for their research on issues related to asymmetric information.
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January 8, 2019
Impossible Foods Inc. is a company that develops plant-based substitutes for meat and dairy products. Headquartered in Redwood City, California, the company aims to give people the taste and nutritional benefits of meat without the negative health and environmental impacts associated with livestock products.
The company researches animal products at the molecular level, then selects specific proteins and nutrients from plants to recreate the experience of meats and dairy products. Its signature product, the Impossible Burger, was launched in 2016.
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