ABC: The Treasury Department recently sold 44,000 one-dollar bills to one person — at a price of $5.95 apiece.
The bills weren’t even all that special — they weren’t very old, and they didn’t have any major flaws that made them valuable to collectors.
What they did have though, was four number eights in a row in their serial numbers — a sign of luck to many people of Asian descent.
And that’s made the bills popular. The Treasury’s Bureau of Engraving and Printing says it has sold over 70,000 such “prosperity notes” to thousands of people around the world — not including the huge sale to one individual.
Now that is a high rate of seigniorage. You can buy your own lucky bills from the Treasury. Westerners may prefer the 777 series. There is a discount for bulk orders, but you will still be paying more than a dollar for a dollar. That doesn’t feel lucky to me.
Hat tip: The Blacklist.
I’m passing through Baltimore on the train today (a talk at U. Penn and chatting with Ashok Rao), so I have license to do this. Here goes:
1. Author: There is plenty to choose from here, including Poe, James Cain, Dashiell Hammett, Frank O’Hara, and H.L. Mencken. I do not love F. Scott Fitzgerald as many do, same with Upton Sinclair, but they deserve mention. I’ll opt for Poe, with Gold-Bug as my favorite story. Hammett’s Red Harvest I also enjoy and have taught a few times, delicious incoherence. Anne Tyler has a few good books, but stop reading after one or two of them.
2. Philosopher: John Rawls, though since we’re talking about Baltimore I feel I should call him Jack.
3. Painter: Morris Louis or Grace Hartigan? I feel I can do better, help out people.
4. Popular music: Tori Amos grew up in Baltimore, I like her Little Earthquakes and various singles, live cuts, and cover versions, available only in scattered form as far as I know. Is Dan Deacon popular? Frank Zappa is a remarkable musical talent, but I don’t actually enjoy listening to him.
5. Jazz: Eubie Blake, there is also Bill Frisell and Billie Holiday.
6. Classical music: Philip Glass was born there, though I associate him with NYC.
7. Baseball: I still remember that old Orioles rotation with Cuellar, McNally, Palmer, and Dobson, all twenty-game winners in the same year.
8. Soviet spy: Alger Hiss.
9. Movie, set in: I don’t love Diner or Avalon, how about The Accidental Tourist, or Twelve Monkeys? The first half of Silence of the Lambs is excellent.
For good measure toss in Thurgood Marshall, Tim Page, Babe Ruth, The Wire, Walters Art Museum, the underrated BSO, and Brooks Robinson. Who or what else am I forgetting?
The bottom line: Lots for one city! Let’s hope it gets better soon.
I was very happy with how it turned out, as I deliberately set out not to copy the content of any of Peter’s other dialogues. You can learn how he thinks we will leave the “great stagnation,” whether the AI hype is justified, how he would boil his thought down to the smallest number of dimensions, whether NYC is over- or underrated, why globalization is likely to decline and what that means for different regions, the parts of the Bible which have influenced him most, “the Straussian Jesus,” to what age he thinks he will live, why Japan is special, how his German background matters, his favorite opening chess move, how and why company names matter, and even his favorite TV show, which he calls “schlocky.”
And much, much more, with commentary and questions from me throughout. A transcript is being prepared as well.
Hat tip: Daniel Altman.
Will Radford and Mathias Gallé have a new and interesting paper on this topic, here is one excerpt:
Law and corporate professions had around 15% of female representation…the medical domain (doctors) had a female probability of 0.23…Religion does not score at the bottom with regards to female presentation (although very low with 0.08). From the professions we selected, Engineering was the lowest (0.05). The highest scoring profession was IT (0.52), which is partly due to the fact that many computer voices were female (computer had 460 female occurrences, versus 247 male ones; and enterprise computer from “Star Trek” was almost exclusively female)
By the way, the number of female writers and directors (in their IMDB database) was at a six year low in 2014.
If you look at most frequent roles for gender, women are assigned hostess, girl, woman, waitress, and mother. For men, the list swings toward narrator, announcer, doctor, detective, bartender, soldier, and police officer.
In 1980-200, the top “newly popular” role (for both sexes) was “additional voices.” For the time period 2000-present it was “zombie,” next was “housemate.”
The paper is here (pdf), hat tip goes to Samir Varma.
Here is a new and interesting article on whether there is greater female influence over cinematic box office these days.
Why is the (global) state of subtitling and closed captioning so bad?
a/ Subtitling and closed captioning are extremely efficient ways of learning new languages, for example for immigrants wanting to learn the language of their new country.
b/ Furthermore video is now offered on phones, tablets, laptops, desktops, televisions… but very frequently these videos cannot be played with sound on (a phone on public transport, a laptop in public places, televisions in busy places like bars or shops,…).
c/ And most importantly of all, it is crucial for the deaf and hard of hearing.
So why is it so disappointingly bad? Is it just the price (lots of manual work still, despite assistive speech-to-text technologies)? Or don’t producers care?
It’s interesting to look at the fan-sub community, where they can be a labour of love. They are often considered far superior translations to the official ones. http://en.wikipedia.org/wiki/Fansub
You can sign up for rsvp or the live stream here, the chat with Peter Thiel is March 31, 2-3:30 p.m. EST, held at the Arlington campus of George Mason University. It is part of a new event series Conversations with Tyler.
The chat with Jeffrey Sachs is April 7, 3:30 to 5 p.m., again EST in Arlington. There will be more to come in the Fall.
I will host and talk with guests, but without formalities. I won’t ask “So tell us about your new book,” or any of the usual soporific chit-chatty questions. I will try to replicate the conversations I would have with these same individuals in a private setting, except that you all get to listen. That means launching into substance immediately and seeing how far the back and forth can be pushed. It also means asking questions that not everyone listening will understand and willing to let parts of the audience suffer in their confusion. I want these dialogues to be as smart as possible, based on the premise that each guest, no matter how renowned he or she may be, is nonetheless a radically underrated thinker.
The goal is to be never hostile or combative, but always probing. I’m aiming for the chat to be 1/3 me vs. 2/3 guest, more or less, but about the ideas and contributions of the guest most of all.
If you are not a Doctor Who fan, your mileage may differ but this had me cracking up:
I’ve been receiving numerous requests for more of my “totally conventional views,” and someone asked me about HRC. We’ve never covered her in the past, so why not? But by construction of this series, none of what follows is at all new and probably there won’t be any discussion in the comments. But with that in mind, I’ll offer up these points:
1. Women are judged far more by their looks than are men, and Hillary’s are not right for the presidency. She doesn’t seem composed enough, schoolmarmish enough a’ la Thatcher, and frankly many men, when they see her in their mind’s eye, imagine a voice saying “Look here, buster…!” Her hair is not properly ordered for the Executive Office, and I suspect many Americans want for their first female President to appear somewhat ageless. I am not suggesting any of this is fair or even an efficient form of Bayesian statistical discrimination, but it is a reality.
2. If not for factor #1, a healthy Hillary would be a shoo-in for demographic reasons, but as it stands her chances of winning are overrated.
3. A Clinton Presidency is the most likely of any, from the major candidates, to serve up significant and enduring market-oriented reforms. She could bring along enough Democrats to work with the Republicans, and reclaim a version of the old Clinton legacy. That said, her presidency also is more likely to effect change in the opposite direction as well, so the net expected value here is hard to calculate and still may be negative.
4. Given #1 and #2, and other gender-related factors, your opinion about Hillary, no matter what it may be, is less reliable than you think. That suggests you should think about her less rather than more (sorry people for this post, what did Wittgenstein say about that ladder?), because I don’t think you’re going to see much of a payoff from grabbing here at that third derivative.
5. The willingness of the Clinton Foundation to solicit donations from foreign governments and leaders is corrupt, and yet mostly receives a free pass, in spite of some recent coverage on corporate donations. I read recently they might stop soliciting donations “…if Hillary runs for President,” also known as “hurry up and give now!” Arguably we would be electing a political machine as President of the United States, even more than usual.
6. Democratic intellectuals and operatives are quite unexcited — or should I say “fervently and passionately unexcited” — about the prospect of a Hillary candidacy. The energy is already drained from the room, and they haven’t opened the door yet.
7. There is still the question of how the press, and the American people, might process any subsequent revelations about Bill’s “activities” since leaving the White House.
8. It will be hard to avoid giving the public “Hillary fatigue,” given how many years she has been in the public eye. This is another reason why I think her chances are overrated, plus she will have to be very careful to carry herself in the debates just the right way, see #1 and #2 again.
9. It is easier to transcend race than gender.
I have seen this future in the eighth-floor apartment of Lee Chang-hyun in Seoul (pictured at work, above). At around midnight, he goes online with a couple of friends and performs his meal, spicy raw squid one day, crab the next. “Perform” is the right word. He is extravagant in his gestures, flaunting the food to his computer camera to tantalise the viewers. He eats noisily and that’s part of the show. He’s invested in a good microphone to capture the full crunch and slurp.
This is not a private affair. Some 10,000 people watch him eating per day, he says. They send a constant stream of messages to his computer and he responds verbally (by talking) and orally (by eating, very visibly and noisily).
If the audience like the performance, they allocate him what are called “star balloons” and each of these means a payment to him and to the internet television channel on which he performs. He is coy about how much he earns but the BBC has estimated, by noting the number of star balloons on his screen, that it would run into several hundred dollars for a two-hour stint.
The largest conglomerates are still in the lead:
When we sum up the many networks owned by each media conglomerate, we can see how mighty these giants truly are. Netflix may be the largest “cable channel” by more than 100%, but it ranks 7th among cable television groups. Add in broadcast, and the delta is even greater. Not only is Disney more than three times as large as Netflix, but the OTT service makes up only 5% of total US video consumption per month. It may be that no single channel has the breadth of content and scale to be a serious Netflix competitor, but their parents certainly do.
Brendan Greeley has the scoop:
Before she won an Academy Award in 2014 for her role in 12 Years a Slave, Lupita Nyong’o starred in two seasons of the TV drama Shuga. Set first in Nairobi and then in Lagos, Shuga features young, attractive people who sleep with each other. It’s wildly popular and shown on broadcast channels that reach 500 million people, mostly in Africa.
“I would say that it’s an African version of Gossip Girl, but with sexual-health messages weaved through,” says Georgia Arnold, executive director of MTV’s Staying Alive Foundation, which produces the show with the twin goals of promoting safer sex and removing the taboo around HIV. Shuga isn’t a commercial project; it’s sponsored by donors including the Bill & Melinda Gates Foundation. Now in its fourth season, the show recently added a new member to its production team: Eliana La Ferrara, a professor at the University of Bocconi in Italy who specializes in a mix of behavioral and development economics. La Ferrara wasn’t hired for her writing talent. MTV and its donors want to apply a more rigorous approach to make sure Shuga’s message actually creates change where it airs.
The article has numerous other points of interest.
Tekla Perry reports:
To feel the impact of the [hockey] hits at home, TV viewers will need to purchase the $300 ButtKicker (I kid you not), a gadget that attaches to a chair or couch and uses low-frequency audio signals (the company calls it a silent sub-woofer) to shake the furniture in perfect synchrony to the on-screen action.
There is more here, via David Price.
In Matt Dillon’s case, he would often look in the wrong direction. I would tell him that on the screen he would be looking in the right direction, even though it felt wrong when he was shooting it. Trying to explain this to a 14-year-old kid who was already suspicious about the whole thing wasn’t easy. So I’d put a $20 bill on my forehead, and I’d say, “Matt, if you look at this $20 bill, it’s yours when the shot is finished.” Over the course of the movie he made about $200.
There is more (too much more) here, and for the pointer I thank Hugo Lindgren.