Archive for ‘Money’

December 15, 2015

Phreaking

Capn Crunch

2600

Phreaking is a slang term coined to describe the activity of hobbyists who study, experiment with, or explore, telecommunication systems, such as equipment and systems connected to public telephone networks. ‘Phreak,’ ‘phreaker,’ or ‘phone phreak’ are names used for and by individuals who participate in phreaking. The term first referred to groups who had reverse engineered the system of tones used to route long-distance calls. By re-creating these tones, phreaks could switch calls from the phone handset, allowing free calls to be made around the world.

Electronic tone generators known as ‘blue boxes’ became a staple of the phreaker community, including future Apple Inc. cofounders Steve Jobs and Steve Wozniak. The blue box era came to an end with the ever increasing use of computerized phone systems, which sent dialling information on a separate, inaccessible channel. By the 1980s, much of the system in the US and Western Europe had been converted. Phreaking has since become closely linked with computer hacking.

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December 14, 2015

Almighty Dollar

prosperity gospel by Mark Alan Stamat

mammon by jeremyville

Almighty dollar is an idiom often used to satirize an individual or cultural obsession with material wealth, or with capitalism in general. The phrase implies that money is a kind of deity. Although the phrase was not popularized until the 19th century, similar expression were used much earlier. For example, British writer Ben Jonson wrote in 1616: ‘Whilst that for which all virtue now is sold, And almost every vice, almightie gold.’

The ‘dollar’ version of the phrase is commonly attributed to American writer Washington Irving, who used it in the story ‘The Creole Village,’ which was first published in the 1837 edition of ‘The Magnolia,’ a literary annual: ‘The almighty dollar, that great object of universal devotion throughout our land, seems to have no genuine devotees in these peculiar villages; and unless some of its missionaries penetrate there, and erect banking houses and other pious shrines, there is no knowing how long the inhabitants may remain in their present state of contented poverty.’

December 10, 2015

Prolefeed

ministry of truth

telebasura

Prolefeed is a Newspeak term in the novel ‘Nineteen Eighty-Four’ by George Orwell. It was used to describe the deliberately superficial literature, movies and music that were produced by Prolesec, a section of the Ministry of Truth, to keep the ‘proles’ (i.e., proletariat) content and to prevent them from becoming too knowledgeable. The ruling Party believes that too much knowledge could motivate the proles to rebel against them.

The term is used occasionally to describe shallow entertainment in the real world. For example, Theodore Dalrymple wrote in the ‘The Spectator’ that ‘France …. is less dominated by mass distraction (known here as popular culture, but in ‘Nineteen Eighty-Four’ as prolefeed) than Britain is.’ The term has also been applied to fast food, such as that of McDonald’s: ‘Once seen as the all-American corporation, ‘McDonald’s’ is now shorthand for a globalist mass culture that provides cheap, unhealthy food to lower-class people. McDonald’s is, quite literally, prolefeed. Part of this image was a deliberate choice by the corporation.’

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November 23, 2015

Summer of the Shark

shark panic

Sensationalism

The Summer of the Shark refers to the coverage of shark attacks by American news media in the summer of 2001. The sensationalist coverage of shark attacks began in early July following the Fourth of July weekend shark attack on 8-year-old Jessie Arbogast, and continued almost unabated—despite no evidence for an actual increase in attacks—until the September 11 terrorist attacks shifted the media’s attention away from beaches. The ‘Summer of the Shark’ has since been remembered as an example of tabloid television perpetuating a story with no real merit beyond its ability to draw ratings.

In mid-August, many networks were showing footage captured by helicopters of hundreds of sharks coalescing off the southwest coast of Florida. Beach-goers were warned of the dangers of swimming, despite the fact that the swarm was likely part of an annual shark migration. The repeated broadcasts of the shark group has been criticized as blatant fear mongering, leading to the unwarranted belief of a so-called shark ‘epidemic.’

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November 17, 2015

News Values

gatekeeping

News values, or ‘news criteria,’ determine how much prominence a news story is given by a media outlet, and the attention it garners from its audience. These values are not universal and can vary widely between different cultures. In Western practice, decisions on the selection and prioritization of news are ostensibly made by editors on the basis of their experience and intuition.

However, a seminal analysis by Norwegian sociologists Johan Galtung and Mari Ruge in the ‘Journal of Peace Research’ in 1965 showed that several factors are common, such as familiarity (stories that ‘hit close to home’), negativity (‘if it bleeds, it leads’), and Unexpectedness (‘don’t report on fire in a furnace’). Basing his judgement on many years as a newspaper journalist Tim Hetherington has said that ‘anything which threatens people’s peace, prosperity, and well being is news and likely to make headlines.’

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November 12, 2015

Jugaad

jugaad

Jugaad [joo-gard] is a colloquial Hindi and Punjabi word that can mean an innovative fix or a simple work-around, used for solutions that bend rules, or a resource that can be used as such, or a person who can solve a complicated issue. It is used as much to describe enterprising street mechanics as for political fixers. This meaning is often used to signify creativity to make existing things work or to create new things with meagre resources.

Jugaad is similar to the Western concepts of a ‘hack’ or ‘kludge,’ or to bodge or (‘British English’), but can be thought of more as a survival tactic than a mere workaround. But all such concepts express a need to do what needs to be done, without regard to what is conventionally supposed to be possible.

November 5, 2015

ChromaDepth

chromadepth

Chromadepth is a patented system from the company Chromatek (a subsidiary of American Paper Optics since 2002) that produces a stereoscopic effect based upon differences in the diffraction of color through a special prism-like holographic film. Chromadepth glasses purposely exacerbate chromatic aberration (the failure of a lens to focus all colors to the same convergence point) and give the illusion of colors taking up different positions in space, with red being in front, and blue being in back.

The effect works particularly well with the sky, sea or grass as a background, and redder objects in the foreground. From front to back the scheme follows the visible light spectrum, from red to orange, yellow, green and blue. This means any color is associated in a fixed fashion with a certain depth when viewing. As a result, ChromaDepth works best with artificially produced or enhanced pictures, since the color indicates the depth.

 

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November 1, 2015

Nudge Theory

urinal fly

Nudge theory is a concept in behavioral economics which argues that positive reinforcement and indirect suggestions promoting non-forced compliance can influence the motives, incentives, and decision making of groups and individuals, at least as effectively – if not more effectively – than direct instruction, legislation, or enforcement. The theory came to prominence with a 2008 book, ‘Nudge: Improving Decisions About Health, Wealth, and Happiness’ by behavioral economists Richard Thaler and Cass Sunstein.

They defined a ‘nudge’ as: ‘any aspect of the choice architecture that alters people’s behavior in a predictable way without forbidding any options or significantly changing their economic incentives. To count as a mere nudge, the intervention must be easy and cheap to avoid. Nudges are not mandates. Putting fruit at eye level counts as a nudge. Banning junk food does not.’ One of nudges’ most frequently cited examples is the etching of the image of a housefly into the men’s room urinals at Amsterdam’s Schiphol Airport, which is intended to ‘improve the aim.’

 

October 31, 2015

Pump and Dump

jt marlin

Stratton Oakmont

Pump and dump is a form of microcap stock fraud that involves artificially inflating the price of an owned stock through false and misleading positive statements, in order to sell the cheaply purchased stock at a higher price. Once the operators of the scheme ‘dump’ sell their overvalued shares, the price falls and investors lose their money. Stocks that are the subject of pump and dump schemes are sometimes called ‘chop stocks.’

While fraudsters in the past relied on cold calls made from ‘boiler rooms’ (outbound call centers selling questionable investments), the Internet now offers a cheaper and easier way of reaching large numbers of potential investors. Often the stock promoter will claim to have ‘inside’ information about impending news. They may also post messages in chat rooms or stock message boards urging readers to buy the stock quickly. Fraudsters frequently use this ploy with small, thinly traded companies—known as ‘penny stocks’ because it is easier to manipulate a stock when there is little or no independent information available about the company.

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October 22, 2015

Vinyl Revival

record store day white

Vinyl revival refers to the renewed interest and increased sales of vinyl records since 2006. The analoge format made of polyvinyl chloride had been the main vehicle for the commercial distribution of pop music from the 1950s until the 1980s and 1990s when they were replaced by the Compact Disc. Since the early 2000s CDs have been partially replaced by digital downloads; conversely, vinyl sales have started growing. In some territories, vinyl is now more popular than it has been since the late 1980s, though vinyl records still make up only a marginal percentage (<3%) of overall music sales.

Founded in 2007, ‘Record Store Day’ is an internationally celebrated day observed the third Saturday of April each year. Its purpose, as conceived by independent record store employee Chris Brown, is to celebrate the art of music. The day brings together fans, artists, and thousands of independent record stores across the world.

October 21, 2015

Tower Records

Russell Solomon

all things must pass

Tower Records was an American retail music chain that liquidated in 2006. The brand currently exists as an international franchise and an online music store. Tower.com was purchased by a separate entity and was not affected by the retail store closings.

Tower was founded in 1960 by Russell Solomon in Sacramento, California. The store was named after his father’s drugstore, which shared a building and name with the Tower Theater, where Solomon first started selling records. The first Tower Records store was opened in 1960 on Watt Avenue in Sacramento. By 1976, Solomon had opened Tower Books, Posters, and Plants at 1600 Broadway, next door to Tower Records. It was also one of the first retailers to move online in 1995 as Tower.com.

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October 16, 2015

Scam Baiting

419eater

419 scam by Robert Neubecker

Scam baiting is a form of Internet vigilantism, where the vigilante poses as a potential victim to the scammer in order to waste their time and resources, gather information that will be of use to authorities, and publicly expose the scammer. It is primarily used to thwart advance-fee fraud scams (e.g. ‘Nigerian Prince’ scams) and can be done out of a sense of civic duty (activism) by documenting scammers tools and methods, warning potential victims, or taking down fake websites.

A bait is very simply initiated, by answering a scam email, from a throwaway email account, i.e. one that is only used for baiting and untraceable back to the actual owner. The baiter then pretends to be receptive to the financial hook that the scammer is using, but requires increasingly ridiculous forms of security from the scammer before turning over funds. Scam baiters typically use jest in their attacks. However, some scam baiters have been accused of abject mockery, racism, and homophobia, and even scamming themselves.