Archive for ‘Money’

July 28, 2022

Trek

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Trek Bicycle Corporation is a bicycle and cycling product manufacturer and distributor under brand names Trek, Electra Bicycle Company, Bontrager, and Diamant Bikes. The company has previously manufactured bikes under the Gary Fisher, LeMond Racing Cycles, Klein, and Villiger Bikes brand names.

With its headquarters in Waterloo, Wisconsin, Trek bicycles are marketed through 1,700 independently owned bicycle shops across North America, subsidiaries in Europe, Asia, South Africa, as well as distributors in 90 countries worldwide. Most Trek bicycles are manufactured outside the U.S. in countries including the Netherlands, Germany, Taiwan, and China.

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July 18, 2022

Shit Life Syndrome

Diseases of despair

Hillbilly Elegy

Shit life syndrome (SLS) is a phrase used by physicians to describe the effect that a variety of poverty or abuse-induced disorders can have on patients.

Journalist Sarah O’Connor’s 2018 article for the ‘Financial Times’ ‘Left behind: can anyone save the towns the economy forgot?’ on shit life syndrome in the English coastal town of Blackpool won the 2018 Orwell Prize for Exposing Britain’s Social Evils. O’Connor wrote: ‘Blackpool exports healthy skilled people and imports the unskilled, the unemployed, and the unwell. As people overlooked by the modern economy wash up in a place that has also been left behind, the result is a quietly unfolding health crisis.”

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June 21, 2022

Bodega Cat

Bodega

A bodega [boh-dey-guh] cat is a type of working cat that inhabits a bodega, which in New York City English refers to a convenience store or deli. Much like farm cats, library cats, and ship cats, a bodega cat is typically a mixed breed cat kept as a form of biological pest control to manage or prevent rodent infestations.

A bodega cat may be a domesticated cat that is kept by the bodega owner, or a semi-feral cat that the bodega owner attracts to the store through regular feeding. Public health departments typically prohibit bodega cats under food codes that ban live animals from establishments where consumable goods are sold.

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June 15, 2022

Three Wolf Moon

Three Wolf Moon

Three Wolf Moon is a T-shirt designed by artist Antonia Neshev featuring three wolves howling at the Moon. It gained popularity after attracting sarcastic reviews on Amazon.com attributing great power to it, such as making the wearer irresistible to women, striking fear into other males, and having magical healing abilities.

German scholar Melvin Haack considers it to be a notable example of a redneck joke. The reviews have been included in studies of such online sarcasm. The shirt has also been been described as parodic of the alpha male archetype.

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June 12, 2022

Bored Ape

bored ape

Bored Ape Yacht Club (BAYC) is a non-fungible token (NFT) collection built on the Ethereum blockchain. The collection features profile pictures of cartoon apes that are procedurally generated by an algorithm.

The parent company of Bored Ape Yacht Club is Yuga Labs. The project launched in April 2021. Owners of a Bored Ape NFT are granted access to a private online club, exclusive in-person events, and intellectual property rights for the image.

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May 28, 2022

Zima

Malt drink

Zima Clearmalt was a clear, lightly carbonated alcoholic beverage made and distributed by the Coors Brewing Company. Introduced in 1993, it was marketed as an alternative to beer, an example of what is now often referred to as a cooler, with 4.7–5.4% alcohol by volume. Its production in the U.S. ceased in 2008, but it was still marketed in Japan until 2021. MillerCoors promoted a limited release of Zima in the summers of 2017 and 2018.

Zima means ‘winter’ in Slavic languages. It was launched nationally in the United States as Zima Clearmalt in 1993 after being test-marketed two years earlier in the cities of Nashville, Sacramento, and Syracuse. The lemon-lime drink was part of the ‘clear craze’ of the 1990s that produced products such as Crystal Pepsi and Tab Clear. Early advertisements for Zima described it as a ‘truly unique alcohol beverage’ and used the tagline ‘Zomething different.’

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May 3, 2022

Preparedness Paradox

y2k

The preparedness paradox is the proposition that if a society or individual acts effectively to mitigate a potential disaster such as a pandemic or other catastrophe so that it causes less harm, the avoided danger will be perceived as having been much less serious because of the limited damage actually caused.

The paradox is the incorrect perception that there had been no need for careful preparation as there was little harm, although in reality the limitation of the harm was due to preparation. Several cognitive biases can consequently hamper proper preparation for future risks.

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May 2, 2022

Accidental Discovery

Author and researcher Royston Roberts has said that various discoveries required a degree of genius, but also some lucky element for that genius to act on.  Author Richard Gaughan wrote that accidental discoveries result from the convergence of preparation, opportunity, and desire.

Major everyday discoveries that were helped by luck in some way include products like vulcanized rubber, teflon, nylon, penicillin, cyanoacrylate (Super Glue), the implantable pacemaker, the microwave oven, Scotchgard, Saran wrap, Silly Putty, Slinky, safety glass, the propeller, artificial snowmaking, stainless steel, Perkin’s mauve (one of the first synthetic dyes), and popsicles. Most artificial sweeteners have been discovered when accidentally tasted, including aspartame and saccharin.

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April 27, 2022

Edge Sorting

Edge sorting

Edge sorting is a technique used in advantage gambling where a player determines whether a face-down playing card is likely to be low or high at casino table games by observing, learning, and exploiting subtle unintentional differences on the backs of the cards being dealt.

Applied by poker player Phil Ivey and subsequently challenged in court by the casino in which he did so, the UK High Court, Court of Appeal and Supreme Court ruled that the technique, which requires the player to trick the dealer into rotating specific, high-value cards, is cheating in civil law, and that a casino was justified in refusing payment of winnings. This ruling would not be applicable if the player simply took advantage of an observed error or anomaly in the deck for which he was not responsible.

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March 13, 2022

Geek Show

Nightmare Alley

Geek shows were an act in traveling carnivals and circuses of early America and were often part of a larger sideshow. The billed performer’s act consisted of a single geek, who stood in center ring to chase live chickens. It ended with the performer biting the chickens’ heads off and swallowing them.

The geek shows were often used as openers for what are commonly known as freak shows. It was a matter of pride among circus and carnival professionals not to have traveled with a troupe that included geeks. Geeks were often alcoholics or drug addicts, and paid with liquor – especially during Prohibition – or with narcotics.

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February 14, 2022

Dixie Mafia

Pete Halat

The Dixie Mafia is a criminal organization composed mainly of white Southerners and based in Biloxi, Mississippi, operating primarily throughout the Southern United States since at least the 1970s. The group used each member’s talents in various crime categories to help move stolen merchandise, illegal alcohol, and illegal drugs.

Unlike members of the American Mafia, the members of the Dixie Mafia were not connected by family or country of origin. They were loosely connected individuals of many nationalities with a common goal – to make money and wield control over illegal moneymaking operations by any means, including influence peddling, bribery of public officials, and murder.

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January 16, 2022

Short Squeeze

GameStop short squeeze

In the stock market, a short squeeze is a rapid increase in the price of a stock owing primarily to an excess of short selling of a stock rather than underlying fundamentals. A short squeeze occurs when there is a lack of supply and an excess of demand for the stock due to short sellers having to buy stocks to cover their short positions.

Shorting means to bet that an asset will lose value. This can be done by borrowing the asset, selling it at a higher price, and then returning the asset once you can buy it back at a lower price.

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