Archive for ‘Money’

September 17, 2012

Compensation

Midlife Crisis

In psychology, compensation is a strategy whereby one covers up, consciously or unconsciously, weaknesses, frustrations, desires, feelings of inadequacy or incompetence in one life area through the gratification or (drive towards) excellence in another area.

Compensation can cover up either real or imagined deficiencies and personal or physical inferiority. The compensation strategy, however does not truly address the source of this inferiority. Positive compensations may help one to overcome one’s difficulties. On the other hand, negative compensations do not, which results in a reinforced feeling of inferiority.

read more »

September 17, 2012

Opportunity Cost

Utility

Time value of money

Opportunity cost is the value of the next best thing after making a decision; the utility of the decision has to outweigh the opportunity cost for it to be a good choice.

For example, opportunity cost describes leisure time given up to work, because leisure and income are both valued. Going to work implies more income but less leisure.

read more »

September 16, 2012

Have one’s cake and eat it too

There ain't no such thing as a free lunch

To have one’s cake and eat it too is a popular English idiomatic proverb or figure of speech most often used negatively, to connote the idea of consuming a thing whilst managing to preserve it. This may also indicate having or wanting more than one can handle or deserve, or trying to have two incompatible things. The proverb’s meaning is similar to the phrases, ‘you can’t have it both ways’ and ‘you can’t have the best of both worlds.’

Conversely, in the positive sense, it would refer to ‘having it both ways’ or ‘having the best of both worlds.’ This concept, known as opportunity cost, is one of the most important economic concepts. The phrase’s earliest recording is from 1546 as ‘wolde you bothe eate your cake, and have your cake?’ (John Heywood’s ‘A dialogue Conteinyng the Nomber in Effect of All the Prouerbes in the Englishe Tongue’). This phrase alludes to the impossibility of eating your cake and still having it afterwards.

read more »

September 16, 2012

Puffery

False advertising

Papa John's Pizza

Puffery [puhf-uh-ree] as a legal term refers to promotional statements and claims that express subjective rather than objective views, which no ‘reasonable person’ would take literally. Puffery serves to ‘puff up’ an exaggerated image of what is being described and is especially featured in testimonials. In a legal context, the term originated in the English Court of Appeal case, which centered on whether a monetary reimbursement should be paid when an influenza preventive device failed to work.

The manufacturers had paid for advertising stating that £100 would be paid in such circumstances then failed to follow through. Part of their defense was that such a statement was ‘mere puff’ and not meant to be taken seriously. While the defense ultimately lost the case the principle was confirmed that certain statements made by advertisers, that were obviously not made in a serious manner, could be exempt from usual rules relating to promises in open contracts.

read more »

September 15, 2012

Knowledge Market

 

Google Answers

Experts-Exchange

A knowledge market is a mechanism for distributing knowledge resources. There are two views on knowledge and how knowledge markets can function. One view uses a legal construct of intellectual property to make knowledge a typical scarce resource, so the traditional commodity market mechanism can be applied directly to distribute it.

An alternative model is based on treating knowledge as a public good and hence encouraging free sharing of knowledge. This is often referred to as attention economy. Currently there is no consensus among researchers on relative merits of these two approaches.

read more »

September 14, 2012

Trademark Dilution

 

lvtm

Trademark dilution is a legal concept giving the owner of a famous trademark standing to forbid others from using that mark in a way that would lessen its uniqueness.

In most cases, trademark dilution involves an unauthorized use of another’s trademark on products that do not compete with, and have little connection with, those of the trademark owner. For example, a famous trademark used by one company to refer to hair care products might be diluted if another company began using a similar mark to refer to breakfast cereals.

read more »

September 13, 2012

A Moron in a Hurry

 

polo logo

apple dispute

A moron in a hurry‘ is a hypothetical person against whom a claimant’s concern might be judged in an English law civil action for passing off or trademark infringement.

The expression is used to reject a claim that two items could reasonably be confused by a passer-by (i.e. that even a moron in a hurry would notice the difference), on the grounds that the items are so different that the goodwill and brand of the claimant’s item cannot genuinely be affected by the existence of the other. 

read more »

September 13, 2012

10-foot User Interface

Steam controller

In computing a 10-foot user interface is a software GUI (graphical user interface) designed for display on a large television (or similar sized screen) with interaction using a regular television-style remote control. ’10-foot’ refers to the fact that the GUI’s elements—i.e. menus, buttons, text fonts, and so on—are theoretically ergonomically large enough to read easily at a distance of 10 feet (3 m) from the display. To avoid distractions and to be more clear, 10 foot UIs also tend to be very simple and usually only have the minimum core buttons.

Typical examples of popular 10-foot user interfaces are HTPC (Home theater PC) media center software applications such as Google TV, MediaPortal, XBMC, Windows Media Center, and Front Row / Apple TV interfaces, but most other Smart TV and set-top boxes devices and software with interactive television interfaces also belong in this category. In 2010, Hillcrest Labs released the Kylo browser, which is a web browser optimized for television use, which features a 10-foot user interface. Hillcrest also invented the first motion-controlled remote for television.

read more »

September 13, 2012

70 mm Film

film formats

70mm film is a wide high-resolution film gauge, with higher resolution than standard 35mm motion picture film format. As used in camera, the film is 65 mm wide. The additional 5mm are for magnetic strips holding four of the six tracks of sound.

Although more recent 70 mm prints use digital sound encoding, the vast majority of 70 mm prints predate this technology. Each frame is five perforations tall, with an aspect ratio of 2.20:1. The vast majority of film theaters are unable to handle 70mm film, and so original 70mm films are shown with 35mm prints at these venues.

read more »

September 13, 2012

Full-frame DSLR

Image sensor

A full-frame digital SLR is a digital single-lens reflex camera fitted with an image sensor that is the same size as a 35 mm (36×24 mm) film frame. This is in contrast to cameras with smaller sensors, typically of a size equivalent to APS-C-size film (20.7×13.8 mm to 28.7×19.1 mm), much smaller than a full 35 mm frame.

Currently, the majority of digital cameras, both compact and SLR models, use a smaller-than-35 mm frame, as it is easier and cheaper to manufacture imaging sensors at a smaller size. Historically, the earliest digital SLR models, such as the Nikon NASA F4 or Kodak DCS 100, also used a smaller sensor.

read more »

September 12, 2012

Hanna Rosin

the end of men by kelly blair

the end of men

Hanna Rosin is an American Journalist. Rosin was born in Israel and grew up in Queens, New York where her father was a taxi driver. She graduated from Stuyvesant High School in 1987. She graduated from Stanford University, and is married to ‘Slate’ editor David Plotz; they live in Washington, D.C. with their three children. She is a co-founder of ‘DoubleX,’ a women’s site connected to ‘Slate.’ She is also a writer for ‘The Atlantic.’ A character portrayed by actress Chloë Sevigny in the movie ‘Shattered Glass’ about Rosin’s colleague at ‘The New Republic,’ Stephen Glass, was loosely based on Rosin. Rosin has written a book based on her 2010 Atlantic story, ‘The End of Men.’

In the past she has specialized in writing about religious-political issues, in particular the influence of evangelical Christians on the 2004 U.S. presidential campaign. She is the author of ‘God’s Harvard: A Christian College on a Mission to Save America,’ published in 2007. Based on a ‘New Yorker’ story, the book follows several young Christians at Patrick Henry College, a new evangelical institution that teaches its students to ‘shape the culture and take back the nation.’ Rosin’s portrayals of the students are part of a larger attempt to chronicle the cultural and political history of the modern Christian right.

September 12, 2012

Luaka Bop

David Byrne

Luaka Bop is a world music-oriented record label established by David Byrne, former guitarist, singer-songwriter and producer of the art rock-new wave band Talking Heads. It has been a wholly independent label since leaving Universal Music Group’s V2 in 2006. Luaka Bop has been responsible for compilations representing sounds from around the world as well as the release of full length albums, EPs, and singles from individual artists and bands.

‘Brazil Classics’ kicked off the label and a set of seven albums surveying eras and artists ranging from Samba to Tropicália. Ventures into Afro-Peruvian and AfroPean musics unearthed the talents of Susana Baca and Zap Mama, respectively. ‘World Psychedelic Classics’ is made up of three albums and includes artists such as Shuggie Otis, Os Mutantes, as well as West African artists of the late 1960s. Additionally, the label has released ‘Cuba’ and ‘Asia Classics.’

read more »