Archive for ‘Money’

July 15, 2015

Perspective-Taking

audience analysis

Empathy

Perspective-taking is the process by which an individual views a situation from another’s point-of-view. It can occur visually in that one changes their physical location to see things as someone else does, or cognitively in that one mentally simulates the point-of-view of another’s cognitive state. For instance, one can visualize the viewpoint of a taller individual (physical state) or reflect upon another’s point-of-view on a particular concept (cognitive state).

In other words, perspective-taking is the process of temporarily suspending one’s own point-of-view in an attempt to view a situation as someone else might. This process does not necessitate any form of affinity, compassion, or emotional identification with the other (i.e. empathy). Therefore, as an other-oriented activity, perspective-taking can be used to gain an understanding of a given physical state and/or situation after which a determination of appropriate action can be selected (e.g., empathy).

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June 19, 2015

Learning Curve

street fighter by David Soames

A learning curve graphically represents the amount of experience it takes to learn a given task. Skills with a steep learning curve are difficult to learn quickly, but progress comes rapidly once past the initial hurdle. Activities with a shallow learning curve, by contrast, are said to be ‘easy to learn, hard to master’ (Bushnell’s Law of video game design).

The term can refer to individual tasks repeated in a series of trials or a body of knowledge is learned over time. It was first described by German psychologist Hermann Ebbinghaus in 1885. His tests involved memorizing series of nonsense syllables, and recording the success over a number of trials. The translation does not use the term learning curve—but he presents diagrams of learning against trial number. He also notes that the score can decrease, or even oscillate.

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June 13, 2015

Tokenism

token black

Tokenism [toh-kuh-niz-uhm] is the policy and practice of making a perfunctory gesture towards the inclusion of members of minority groups. The effort of including a token employee to a workforce usually is intended to create the appearance of social inclusiveness and diversity (racial, religious, sexual, etc.), and so deflect accusations of discrimination.

Employment tokenism misrepresents the person possessing inferior intellect, job skills, and work capacity, relative to the other workers of the group, as well as a superficial personality that is sufficiently bland and inoffensive to not affront the sensibility of superiority inherent to white privilege. Alternatively, the differences of the token person might be over-emphasized and made either exotic or glamorous, or both, which are extraordinary conditions that maintain the Otherness that isolates the token worker from the group.

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May 26, 2015

Burl

Mark Doolittle

A burl is a tree growth in which the grain has grown in a deformed manner. It is commonly found in the form of a rounded outgrowth on a tree trunk or branch that is filled with small knots from dormant buds. Insect infestation and certain types of molds are the most common causes of this condition, although other stresses can also promote burl formation, such as physical injury, or viral or fungal infection.

Most burls grow beneath the ground, attached to the roots as a type of malignancy that is generally not discovered until the tree dies or falls over. Such burls sometimes appear as groups of bulbous protrusions connected by a system of rope-like roots. Almost all burl wood is covered by bark, even if it is underground. In some tree species, burls can grow to great size. The largest, at 26 feet, occur in redwoods and can encircle the entire trunk. Burls yield a very peculiar and highly figured wood, prized for its beauty, strength, and rarity. It is sought after by furniture makers, artists, and wood sculptors.

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May 21, 2015

Tiny House Movement

Susanka by Brian Stauffer

The tiny house movement is a popular description for the architectural and social movement that advocates living simply in small homes. In the US the average size of new single family homes grew from 1,780 square feet in 1978 to 2,479 in 2007, despite a decrease in the size of the average family. Reasons for this include increased material wealth and prestige. The small house movement is a return to houses less than 1,000 square feet, some as small as 80 square feet.

Sarah Susanka has been credited with starting the recent countermovement toward smaller houses when she published ‘The Not So Big House’ in 1997. Earlier pioneers include Lloyd Kahn, author of ‘Shelter’ in 1973.’ Tiny houses on wheels were popularized by Jay Shafer who designed and lived in a 96 sq ft house and later went on to offer the first plans for tiny houses on wheels, initially founding ‘Tumbleweed Tiny House Company,’ and then ‘Four Lights Tiny House Company’ in 2012. 

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May 13, 2015

Pappy Van Winkle’s Family Reserve

pappy

Pappy Van Winkle’s Family Reserve is the flagship brand of bourbon whiskey owned by the ‘Old Rip Van Winkle Distillery’ company (which does not actually own or operate a distillery, but rather has it produced under a contract with another company). It is distilled and bottled by the Sazerac Company at its Buffalo Trace Distillery in Frankfort, Kentucky. It is often regarded as one of the finest bourbons in the world, and is rare to find on the market due to its very low production and high demand. The product has a cult-like following. Famous chefs such as Anthony Bourdain and David Chang have favored the product.

‘Food Republic’ reported that Chef John Currence said: ‘There’s Pappy Van Winkle, then there’s everything else.’ Bourbon aficionados have shown up in droves to get a small chance in a lottery to purchase some. It has been called ‘the bourbon everyone wants but no one can get.’ A writer for ‘The Wall Street Journal’ said ‘You could call it bourbon, or you could call it a $5,000 bottle of liquified, barrel-aged unobtanium.’ Jen Doll wrote in ‘The Wire,’ ‘It’s an age-old dilemma (supply and demand) leading to an age-old marketing dream (a product that can’t be kept on the shelves … money in the pockets … bourbon in the bourbon snifters).’

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May 8, 2015

Card Counting

mit blackjack

Card counting is a casino card game strategy used primarily in blackjack to determine whether the next hand is likely to give a probable advantage to the player or to the dealer. Card counters are a class of advantage players, who attempt to decrease the house edge by keeping a running tally of all high and low valued cards seen by the player.

Card counting allows players to bet more with less risk when the count gives an advantage as well as minimize losses during an unfavorable count. Card counting also provides the ability to alter playing decisions based on the composition of remaining cards. Card counting (sometimes called ‘card reading’) is also used in trick-taking games such as contract bridge or spades to optimize the winning of tricks (rounds of play).

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April 30, 2015

World Currency

wocu

world currency

World currency normally refers to a currency that is transacted internationally, with no set borders, but an alternative definition refers to a hypothetical single global currency or supercurrency, such as the proposed ‘terra’ or the ‘DEY’ (Dollar Euro Yen), produced and supported by a central bank which is used for all transactions around the world, regardless of the nationality of the entities (individuals, corporations, governments, or other organizations) involved in the transaction.

Advocates of a global currency, notably famed economist John Maynard Keynes, have argued that such a currency would not suffer from inflation, which, in extreme cases, has had disastrous effects for economies. In addition, many argue that a single global currency would make conducting international business more efficient and would encourage foreign direct investment.

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April 29, 2015

United Federation of Planets

selfsealing stembolts

The United Federation of Planets, usually referred to as ‘the Federation,’ is an interstellar federal republic composed of planetary sovereignties depicted in the ‘Star Trek’ science fiction franchise. Formed in 2161, the planetary governments voluntarily exist semi-autonomously under a single central government based on the Utopian principles of universal liberty, rights, and equality, and to share their knowledge and resources in peaceful cooperation and space exploration.

The Federation is described a post-capitalist, libertarian, constitutional republic, which was composed of more than 150 member planets and thousands of colonies spread across some 6,000,000 cubic light years of the Milky Way Galaxy by 2373. The social structure within the Federation is classless and operates within a moneyless ‘New World Economy.’ It is described as stressing, at least nominally, the values of universal liberty, equality, justice, peace, and cooperation. The Federation also maintains its own quasi-militaristic and scientific exploratory agency, known as ‘Starfleet’ which handles many other governmental processes, sometimes with no other agency’s influence, such as border defense and diplomatic relations.

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April 19, 2015

Block Chain

decentralized

Bitcoin is a cryptocurrency, an online payment system secured by cryptography, released by the pseudonymous Satoshi Nakamoto in 2009. The system is peer-to-peer; users can transact directly without needing an intermediary. Transactions are verified by network nodes containing a public ledger called the block chain. Bitcoin nodes use the block chain to distinguish legitimate Bitcoin transactions from attempts to re-spend coins that have already been spent elsewhere. Bitcoin ‘mining’ is a record-keeping service. Miners keep the block chain consistent, complete, and unalterable by repeatedly verifying and collecting newly broadcast transactions into a new group of transactions called a ‘block.’

A new block contains information that ‘chains’ it to the previous block thus giving the block chain its name. It is a cryptographic hash (scrambled code that represents the block). Miners compute the hash functions to verify them for the network, a task that is intentionally designed to be resource-intensive and computationally difficult so that the number of blocks found each day remains steady.  Mining is also the mechanism used to introduce new coins into the system: Miners are paid transaction fees as well as a ‘subsidy’ of newly created coins. This both serves the purpose of disseminating new coins in a decentralized manner as well as motivating people to provide security for the system.

April 8, 2015

Celebrity Culture

starsuckers

The religious texts of the world’s faiths are replete with examples of individuals who are well known by the general public. Some of the pharaohs of ancient Egypt set in motion devices to ensure their own fame for centuries to come. Herostratus, a young Greek man arsoned the Temple of Artemis (one of the Seven Wonders of the Ancient World) in 356 BCE in order to immortalize his name. Although authorities at the time tried to expunge him from history and punished people with the death penalty for even merely mentioning his name, he succeeded in achieving lasting fame, as his name is well known to this day.

Celebrity culture, once restricted to royalty and biblical/mythical figures, has pervaded many sectors of society including business, publishing, and even academia (scilebrities). With every scientific advance names have become attached to discoveries. Each nation or cultural community (linguistic, ethnic, religious) has its own independent celebrity system (e.g. J-Pop), but this is becoming less the case due to globalization. Mass media has increased the exposure and power of celebrity.

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March 30, 2015

David Miscavige

ron and david

David Miscavige (b. 1960) is the leader of the Church of Scientology. He was an assistant to church founder L. Ron Hubbard (a ‘Commodore’s messenger’) while a teenager, and rose to a leadership position by the early 1980s, becoming Chairman in 1987. He is lauded within Scientology for obtaining recognition as a tax-favored charity by the IRS, issuing restored and corrected editions of Hubbard’s works, and undertaking a program of new or remodeled churches and related facilities.

His official title is Chairman of the Board of Religious Technology Center (RTC), a corporation that controls the trademarks and copyrights of ‘Dianetics’ and Scientology. During his tenure, a number of allegations have been made against Miscavige, including claims of forced separation of family members, coercive fundraising practices, harassment of journalists and church critics, and humiliation of church staff members. He has also been accused of physically assaulting his staff. He has denied the majority of these claims, often criticizing the credibility of those who bring them.

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