Archive for ‘Money’

June 6, 2013

HeadOn

Placebo

HeadOn is the brand name of a homeopathic product claimed to relieve headaches. It achieved widespread notoriety in 2006 as a result of a repetitive commercial, consisting only of the tagline ‘HeadOn. Apply directly to the forehead,’ stated three times in succession, accompanied by a video of a model using the product without ever directly stating the product’s purpose.

Focus groups recalled the ads much more than with any other method, although many people considered the ads annoying. Manufacturer Miralus Healthcare decided not to include any factual claims about the product in the spots after the National Advertising Division of the Better Business Bureau objected to the claim that HeadOn provided ‘fast, safe, effective’ headache relief made in an earlier spot.

June 5, 2013

Juicy

‘Juicy‘ is a single by American hip hop artist The Notorious B.I.G. and his solo debut single from his 1994 debut album ‘Ready to Die.’ It was produced by Poke of Trackmasters & Sean ‘Puffy’ Combs. It is a sample of Mtume’s ‘Juicy Fruit,’ but samples from the song’s ‘Fruity Instrumental’ mix, and has an alternative chorus sung by girl group Total.

The song is considered one of the greatest hip hop songs of all time. After the death of The Notorious B.I.G. in 1997, a tribute version of this song was made in his honor by the R&B musical group Next with new lyrics.

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June 5, 2013

Born Rich

Lucky Sperm

‘Born Rich‘ is a 2003 documentary film about growing up in the world’s richest families. It was created by Jamie Johnson, an heir to the Johnson & Johnson fortune. It consists primarily of Johnson interviewing his friends and peers about living life free of financial constraints. These interviews are offset by Johnson’s exploration of his own experience and family.

Interviewees include: Georgina Bloomberg, Stephanie Ercklentz (born to New York lawyer Enno W. Ercklentz Jr.), Christina Floyd (born to golfer Raymond Floyd), Juliet Hartford (born to A&P heir Huntington Hartford), Josiah Cheston Hornblower (born into Vanderbilt-Whitney lineage), S.I. Newhouse IV, Ivanka Trump, Cody Franchetti (heir to Milliken & Co), and Carlo von Zeitschel (German baron and Italian viscount, great grandson of Kaiser Wilhelm). Luke Weil (born to Scientific Games CEO A. Lorne Weil) sued unsuccessfully to remove his segments from the film.

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June 4, 2013

Patent Monetization

Patent troll

Patent monetization refers to the generation of revenue or the attempt to generate revenue by a person or company by selling or licensing the patents it owns.

The so-called patent trolls—which is a pejorative term—attempt to generate revenue by buying and enforcing patents against one or more alleged infringers in a manner considered by the target or observers as unduly aggressive or opportunistic, often with no intention to further develop, manufacture or market the patented invention. Other persons or companies, which are not regarded as patent trolls, also try to make money from patents on inventions they develop, manufacture or market.

June 4, 2013

Nathan Myhrvold

modernist cuisine

Nathan Myhrvold (b. 1959), formerly Chief Technology Officer at Microsoft, is co-founder and 40% owner of Intellectual Ventures, a patent portfolio holding company.

Myhrvold, usually with coinventors, holds 17 U.S. patents assigned to Microsoft and has applied for more than 500 patents. In addition, Myhrvold and coinventors hold 115 U.S. patents assigned mostly to The Invention Science Fund I, LLC.

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June 4, 2013

Intellectual Ventures

Patent troll

Intellectual Ventures is a private company notable for being one of the top-five owners of U.S. patents, as of 2011. Its business model has a focus on buying patents and aggregating them into a large patent portfolio and licensing this ‘IV’ portfolio to companies.

Publicly, it states that a major goal is to assist small inventors against corporations. In practice, the vast majority of IV’s revenue comes from buying patents, aggregating them into a large portfolio and licensing this portfolio to other companies or filing lawsuits for infringement of patents, a controversial practice known as patent trolling.

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May 29, 2013

Designer Vagina

Designer vagina

Cosmetic surgery of female genitalia, known as elective genitoplasty, has become pejoratively known as ‘designer vagina.’ Labiaplasty [ley-bee-uh-plas-tee] is a plastic surgery procedure for altering the labia minora (inner labia) and the labia majora (outer labia), the folds of skin surrounding the human vulva (external female genitals).

There are two main categories of women seeking cosmetic genital surgery: those with congenital conditions such as intersex, and those with no underlying condition. The size, color, and shape of labia vary significantly, and may change as a result of childbirth, aging, and other events. In a male-to-female sexual reassignment vaginoplasty is used for the creation of a neovagina, and labiaplasty creates labia where once there were none.

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May 25, 2013

Toy2R

Toy2R (‘Toy to Raymond’) is a designer toy company based in Hong Kong that was founded by Raymond Choy in 1995. Choy spent 10 years as an employee of an American footwear company. After much research and planning, he opened a toy store in 1995. Four years later, Choy observed a trend in collectible toys, now known as designer toys, specifically the ‘urban vinyl’ movement of toy design. He decided to put all his funds into the development of a vinyl figure, intended more as art than as a plaything.

He called this figure the ‘Toyer’; the design, which resembles a simplified human form with a head that resembles a cartoon skull, became his first trademark. The commercial response to this figure led to support from artists and designers all over the world, and enabled his next endeavor, the ‘Qee’ figure.

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May 24, 2013

Reaganomics

vodoo economics

Reaganomics or ‘voodoo economics’ is a negative term which critics use to criticize supply-side economics. The term originated from George H.W. Bush, who criticized Ronald Reagan’s plan for the economy during the Republican presidential primaries in 1980. Reagan’s attitude towards the Federal Government Budget was to drastically reduce taxes – primarily for the wealthy – while greatly increasing spending – primarily for the military. Bush Sr. and others recognized that this could not possibly produce a balanced budget, and would result in great national debt.

The four pillars of Reagan’s economic policy were to reduce the growth of government spending, reduce the federal income tax and capital gains tax, reduce government regulation, and control the money supply in order to reduce inflation.

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May 24, 2013

Abenomics

Abenomics [ah-bey-nom-iks] refers to the economic policies advocated by Shinzō Abe, the current Prime Minister of Japan. It consists of monetary policy, fiscal policy, and economic growth strategies to encourage private investment.

The detailed policies includes inflation targeting at a 2% annual rate, correction of the excessive yen appreciation, setting negative interest rates, radical quantitative easing (printing money), expansion of public investment, buying operations of construction bonds by Bank of Japan (BOJ), and revision of the Bank of Japan Act.

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May 22, 2013

Celebrity Worship Syndrome

belieber

warhol

Celebrity worship syndrome is an obsessive-addictive disorder in which a person becomes overly involved with the details of a celebrity’s personal life. Psychologists have indicated that though many people obsess over glamorous film, television, sport and pop stars, the only common factor between them is that they are all figures in the public eye. The term Celebrity Worship Syndrome (CWS) is in fact a misnomer. The supposed condition first appeared in an article ‘Do you worship the celebs?’ by James Chapman in a British tabloid newspaper in 2003.

Chapman was basing his article on the journal paper, Maltby et al. (2003). Chapman refers to CWS, but in fact this is a misunderstanding of a term used in the academic article (CWS which stood for Celebrity Worship Scale). Nonetheless Chapman may be generally correct. A syndrome refers to a set of abnormal or unusual set of symptoms indicating the existence of an undesirable condition or quality. Indeed many attitudes and behaviors covered in this research indicate such states.

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May 22, 2013

Toilegami

Toilet paper orientation

Hotel toilet paper folding is a common practice performed by hotels worldwide as a way of assuring guests that the bathroom has been cleaned. Elaborate folding is sometimes used to impress or delight guests with the management’s creativity and attention to detail.

The common fold normally involves creating a triangle or ‘V’ shape out of the first sheet or square on a toilet paper roll. Commonly, the two corners of the final sheet are tucked behind the paper symmetrically, forming a point at the end of the roll. More elaborate folding results in shapes like fans, sailboats, and even flowers.

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