Posts tagged “economics”

ChittahChattah Quickies

In East Harlem, ‘Keep Out’ Signs Apply to Renters [NYT.com] – When in a large city I often look at the residential spaces above dense commercial/retail and wonder who lives there and what it’s like (I once lived above a real estate office of some type – we never really knew what they did down there – and was constantly pestered by couriers and other delivery people) – but the answer may very well be that nobody lives up there. Naively, it doesn’t make economic sense, but the situation appears to more complex than that.

East Harlem has been undergoing a resurgence for two decades, yet the neighborhood is still pockmarked with four- or five-story walk-ups where the ground-floor stores are bustling and the apartments above are devoid of life. Their windows are boarded up, blocked up or just drearily empty, torn curtains testifying to no one’s having lived there for years. Although the vacancy rate in Manhattan hovers at 1 percent, at least some of the landlords of these sealed-up buildings are deliberately keeping their buildings mostly vacant, content to earn income from first-floor commercial tenants rather than deal with the trouble of residents. …At the corner of 106th Street and Third Avenue, the boarded-up windows and the remainder of the five-story building have been sleekly painted a rich taupe, allowing the Chase Bank branch below to escape looking as if it were in a forsaken slum. Still, no one lives in the apartments.

Reinventing Post Offices in a Digital World [NYT.com] – Digital, and all that it encompasses, is remaking every industry. We straddle the opposites of welcoming new services and holding onto traditional ways of receiving familiar services. Nice to see the German post office reframe this away from loss, towards reinvention. The article doesn’t characterize the pain that must have been felt by the organization and the customers but you can imagine it must have been tremendous.

With mail volumes decreasing 1 to 2 percent annually in many countries, European postal services from Germany to Sweden to Switzerland have reinvented themselves over the past decade as multifaceted delivery and information companies tailored to the virtual age. Though Deutsche Post by law still delivers to every address six days a week, it has jettisoned tens of thousands of buildings, 100,000 positions and its traditional focus on paper mail. “We realized that being a national postal provider was an endangered business, that we had to redefine the role of postal providers in a digital world,” said Clemens Beckmann, executive vice president of innovation of the German post office’s mail division. After selling off all but 24 of 29,000 post office buildings in the past 15 years, the German postal service is now housed mostly within other business “partners,” including banks, convenience stores and even private homes. In rural areas, a shopkeeper or even a centrally located homeowner is given a sign and deputized as a part-time postmaster. At the same time, many European postal services, including the one here, have developed a host of electronic services that are increasingly making traditional post offices and mailboxes obsolete. Bills and catalogs can go first to digital mailboxes run by the post office on customers’ computers, and the customers can tell the post office what they want it to print and deliver

Ford reintroduces the 1965 Mustang [Yahoo! Autos] – First I’m hearing that Ford has its own business supporting the classic car market. There are obviously design, performance and legal/safety issues why they won’t sell you an actual 1965 Mustang, but the idea of having someone make you a new version of an old car is very compelling. Who will make me one?

As part of its Ford Reproduction business, Ford revealed today it had approved a new stamping of the steel bodies for first-generation Mustang that buyers could then build into their own 1964 1/2 through 1966 Mustang, using whatever engine, axles, interior and other parts they can find on their own. The first-generation Mustangs rank as America’s most-restored vehicle, and the cottage industry of reproduction parts has grown to where it’s possible to build a Mustang just as it would have appeared on the showroom floor in the mid-1960s, down to the pushbutton AM/FM radio.

ChittahChattah Quickies

  • [from steve_portigal] Getting in (and Out of) Line [ NYTimes.com] – [What are the economic behaviors – and motivators – of waiting in line, and how is the pursuit of the money shifting those standards?] A line conceives of people as citizens, presumed equal, each with an identical 24 hours a day to spread among the lines around them. A market conceives of people as consumers, presumed unequal, with those who can pay in front of the others. It allocates efficiently, but it eliminates a feature of line culture: the idea that, in line at least, we are no better than anybody else. In a way, the market’s spread is a return to another kind of scrum, one in which financial, and not physical, might means right. Perhaps one day lines will be remembered as antique, a quaint system in which things were granted simply for having shown up early, an interlude of relative equality between the scrums that reigned before and after. [Thanks, Anne!]
  • [from steve_portigal] Diary of a ‘portable people meter’ person [SF Chronicle] – [What it's like to be a human subject for gathering radio station data] "I was a good panelist," she said. "I wore the meter all the time and followed the instructions. I didn't find it that intrusive. But I wouldn't take it to some occasions, like out to dinner, and they want you to wear it all day, from the time you wake up until you go to bed, and to wear it on your person. You can't just leave it in your purse. And they pick up on it. They'll call you the next day or night and say, 'Hey, you weren't wearing it for 15 minutes yesterday.' "

ChittahChattah Quickies

  • [from steve_portigal] Online, We Pay With Our Time Spent Searching [NYTimes.com] – [A brief musing about whether our time is worth more than our money but quickly devolves into a Google-will-save-us-all puff piece] Paying with time rather than money seems just as common on the Web. I jump through a number of hoops nearly every day to find my favorite television shows online, having cut my cable and TiVo DVR service to save about $110 a month. So to avoid paying about $3.60 a day, I instead spend 5 to 10 minutes searching for shows on Hulu.com or Clicker.com…As search becomes faster and smarter, it’s as if the Internet becomes a high-speed moving sidewalk whisking everyone to free loaves of bread. Paying for the search becomes irrelevant as the time spent searching becomes trivial. Mr. Singhal says he thinks it will get even better. “What we are optimizing,” he says, “is that you can have your bread and your cheese and soup and dessert all at the same time, and we put it on the table.”

ChittahChattah Quickies

  • [from steve_portigal] ALT/1977: WE ARE NOT TIME TRAVELERS [Behance] – [Alex Varanese's thought-provoking concepts go beyond blogosphere-hipster-silliness to really provoke reflection on design and functionality often taken for granted] What would you do if you could travel back in time? Here's what I'd do after that: grab all the modern technology I could find, take it to the late 70's, superficially redesign it all to blend in, start a consumer electronics company to unleash it upon the world, then sit back as I rake in billions, trillions, or even millions of dollars. I've explored that idea in this series by re-imagining four common products from 2010 as if they were designed in 1977: an mp3 player, a laptop, a mobile phone and a handheld video game system. I then created a series of fictitious but stylistically accurate print ads. I've learned that there is no greater design element than the anachronism. I've learned that the strongest contrast isn't spatial or tonal but historical. I've learned that there's retro, and then there's time travel.
  • [from julienorvaisas] 10:10 Tags Symbolize Committment to Climate Change [10:10global.org/uk] – [The fact that this tag is tangible but also symbolic rather than overt, and versatile enough to be carried on the body as a daily reminder of a commitment to the cause of climate change can help change behavior and improve compliance, as well as subtly telegraph solidarity.] The 10:10 Tag is made from a recycled jumbo jet, and can be worn on the neck, wrist, lapel or leotard to symbolise your 10:10 commitment. Whether you pin it to the lapel of your business suit or thread it through the laces of your skateboard trainers, your 10:10 Tag shows others that not only do you know how to accessorise; you’re also part of the solution to climate change.
  • [from Dan_Soltzberg] Grateful Dead scholar in heaven at UC Santa Cruz [SFGate] – [More big things happening at my Alma Mater] The ultimate job in Dead-dom is in Room 1370 at McHenry Library at UC Santa Cruz. The door is marked by the steal-your-face logo, and superimposed over it reads the name Nicholas G. Meriwether, Grateful Dead Archivist.
  • [from julienorvaisas] Ariely’s Upside of Irrationality: using irrational cognitive blindspots to your advantage [Boing Boing] – [We've seen the principles of behavioral economics applied to help us understand and explain consumers irrational choices in a business context, now here's a self-help book helping us apply them to our own everyday lives.] Upside of Irrationality is a mostly successful attempt to transform the scientific critique of the 'rational consumer' principal into practical advice for living a better life. 'Mostly successful' only because some of our habitual irrationality is fundamentally insurmountable — there's almost nothing we can do to mitigate it.
  • [from steve_portigal] Text 2.0 – What if your book really knew where you are gazing at? – [This is essentially one of the concepts we proposed from our Reading Ahead research – where an eyetracker in a digital book manipulates the text dynamically based on your gaze. In our use case, we addressed the interrupt-driven commute reading revealed by our research. If the book saw you looking away, it could mark your spot to enable more efficient resuming]
  • [from steve_portigal] Twitter a hit in Japan as millions ‘mumble’ online [Yahoo! News] – Japanese-language Twitter taps into a greater sense of individuality in Japan, especially among younger people less accepting of the Japanese understatement and conformity. 16.3% of Japanese Internet tweet 16.3% (vs. 9.8% in US). "Japan is enjoying the richest and most varied form of Twitter usage as a communication tool…It's playing out as a rediscovery of the Internet.” It's possible to say so much more in Japanese within Twitter's 140 letters. "Information" requires just 2 letters in Japanese. Another is that people own up to their identities on Twitter. One well-known case is a woman who posted the photo of a park her father sent in e-mail before he died. Twitter was immediately abuzz with people comparing parks…"It's telling that Twitter was translated as 'mumbling' in Japanese," he said. "They love the idea of talking to themselves," he said…"In finding fulfillment in expressing what's on your mind for the moment, Twitter is like haiku," he said. "It is so Japanese."

ChittahChattah Quickies

  • Steven Levy on How Gadgets Lose Their Magic [Wired] – "Any sufficiently advanced technology," Arthur C. Clarke wrote in 1962, "is indistinguishable from magic."…This applies to all the similar fruits of Moore's law. In the past 40 or 50 years, such mind-stretching advancements have become the norm…We all, I think, have become inured to Moore's law. The astonishing advances that once would have brought us to our knees are now reduced to a thumbs-up on Gizmodo. They're removed from the realm of magic­ – they're just cool gear…As technological magic becomes routine, I wonder whether a visit to a preindustrial society might teach me more than it teaches them. The only thing more fascinating than our technology is the idea of getting along without it. Maybe the way to recapture the magic is to turn all that stuff off.
  • How Tony Gilroy surprises jaded moviegoers [The New Yorker] – Gilroy believes that the writer and the moviegoing public are engaged in a cognitive arms race. As the audience grows savvier, the screenwriter has to invent new reversals. Perhaps the most famous reversal in film was written by William Goldman in "Marathon Man,.” Laurence Olivier, a sadistic Nazi dentist, is drilling into Dustin Hoffman’s mouth, trying to force him to disclose the location of a stash of diamonds. “Is it safe?” he keeps asking. Suddenly, William Devane sweeps in to rescue Hoffman. In the subsequent car ride, Devane wants to know where the diamonds are. After a few minutes, Hoffman’s eyes grow wide: Devane and Olivier are in league! “Thirty years ago, when Bill Goldman wrote it, the reversal in ‘Marathon Man’ was fresh,” Gilroy says. “But it must have been used now 4000 times.” This is the problem that new movies must solve. “How do you write a reversal that uses the audience’s expectations in a new way? You have to write to their accumulated knowledge.”
  • Secret of Googlenomics: Data-Fueled Recipe Brews Profitability [Wired] – [Echoing some of what I wrote about in a recent piece for interactions "We Are Living In A Sci-Fi World"]
    It's a satisfying development for Varian, a guy whose career as an economist was inspired by a sci-fi novel he read in junior high. "In Isaac Asimov's first Foundation Trilogy, there was a character who basically constructed mathematical models of society, and I thought this was a really exciting idea. When I went to college, I looked around for that subject. It turned out to be economics."
  • What is the Status Quo Bias? [Wisegeek] – A cognitive bias that leads people to prefer that things remain the same, or change as little as possible. People will make the choice which is least likely to cause a change. This can also play a role in daily routines; many people eat the same thing for breakfast day after day, or walk to work in exactly the same pattern, without variation. The inability to be flexible can cause people to become stressed when a situation forces a choice.

    It explains why many people make very conservative financial choices, such as keeping their deposits at one bank even when they are offered a better rate of interest by a bank which is essentially identical in all other respects.

    While this provides self-protection by encouraging people to make safer choices, it can also become crippling, by preventing someone from making more adventurous choices. Like other cognitive biases, this bias can be so subtle that people aren't aware of it, making it hard to break out of set patterns.

  • Sports, sex, and the runner Caster Semenya [The New Yorker] – There is much more at stake in organizing sports by gender than just making things fair. If we were to admit that at some level we don’t know the difference between men and women, we might start to wonder about the way we’ve organized our entire world. Who gets to use what bathroom? Who is allowed to get married?…We depend on gender to make sense of sexuality, society, and ourselves. We do not wish to see it dissolve.

ChittahChattah Quickies

ChittahChattah Quickies

  • Home Burials Offer an Intimate Alternative – Advocates say the number of home funerals, where everything from caring for the dead to the visiting hours to the building of the coffin is done at home, has soared in the last five years, putting the funerals “where home births were 30 years ago,” according to Chuck Lakin, a home funeral proponent and coffin builder in Waterville, Me.

    The cost savings can be substantial, all the more important in an economic downturn. The average American funeral costs about $6,000 for the services of a funeral home, in addition to the costs of cremation or burial. A home funeral can be as inexpensive as the cost of pine for a coffin (for a backyard burial) or a few hundred dollars for cremation or several hundred dollars for cemetery costs.

ChittahChattah Quickies

  • Japanese robots not finding their market, recession and high prices blamed (but not fundamental mismatch between need and solution?) – Roborior by Tmsuk — a watermelon-shape house sitter on wheels that rolls around a home and uses infrared sensors to detect suspicious movement and a video camera to transmit images to absent residents — has struggled to find new users. A rental program was scrapped in April because of lack of interest. Though the company won’t release sale figures, it has sold less than a third of the goal, 3,000 units, it set when Roborior hit the market in 2005, analysts say. There are no plans to manufacture more.

    That is a shame, Mariko Ishikawa, a Tmsuk spokesman, says, because busy Japanese in the city could use the Roborior to keep an eye on aging parents in the countryside. “Roborior is just the kind of robot Japanese society needs in the future,” Ms. Ishikawa said.

    Sales of a Secom product, My Spoon, a robot with a swiveling, spoon-fitted arm that helps older or disabled people eat, have similarly stalled as caregivers balk at its $4,000 price.

  • Chris Anderson on the differences between scarcity thinking and abundance thinking – When scarce resources become abundant, smart people treat them differently, exploiting them rather than conserving them. It feels wrong, but done right it can change the world. The problem is that abundant resources, like computing power, are too often treated as scarce.

ChittahChattah Quickies

  • In Recession, Strategy Shifts for Retail – It's hard to parse this piece; it's about a lot of cost-cutting stuff that is happening in retail but the tone suggests that these are innovative ways for companies to be more responsive (better customer service? better localization of products?) and integrated (linking the in-store and online experiences?). I'm skeptical and don't believe the concluding statement that this is happening because we're not spending in stores like we used to, it's too close to the whole "innovate your way out of a recession" talk and I don't think retail is an adaptable industry to take on a frame shift like that.
  • An evolutionary perspective on what we display to others with our consumption (not clear how there's anything new here, though) – Instead of running focus groups and spinning theories,marketers could learn more by administering scientifically calibrated tests of intelligence and personality traits. If marketers understood biologists’ new calculations about animals’ “costly signaling,” they’d see that Harvard diplomas and iPhones send the same kind of signal as the ornate tail of a peacock.

    Sometimes the message is as simple as “I’ve got resources to burn,” the classic conspicuous waste demonstrated by the energy expended to lift a peacock’s tail or the fuel guzzled by a Hummer. But brand-name products aren’t just about flaunting transient wealth. The audience for our signals care more about the permanent traits measured in tests of intelligence and personality, as Dr. Miller explains in his new book, “Spent: Sex, Evolution and Consumer Behavior.”

ChittahChattah Quickies

  • 'Magic Fingers Vibrating Bed' inventor dies at 92 – The inventor of the "Magic Fingers Vibrating Bed," which brought weary travelers 15 minutes of "tingling relaxation and ease" for a quarter in hotel rooms across America during its heyday as a pop culture icon in the 1960s and '70s, has died.
  • Vending machines for Gold? – While it's just a plan at this point, it seems that the idea is more about disruption and promotion than simply "vending."
  • Let’s Embrace Open-Mindedness – My article published at Johnny Holland, considering the challenges in living up to the standard we set for ourselves. And there's a story about cheese, too!
  • Why some cultural products and styles die out faster than others – To investigate how cultural tastes change over time, Berger and Le Mens analyzed thousands of baby names from the past 100 years in France and the US. (Because there is less of an influence of technology or advertising on name choice, baby names provide a way to study how adoption depends on primarily internal factors.) The researchers found a consistent symmetry in the rise and fall of individual names; in other words, the longer it took for a name to become popular, the longer it took for the name to fade out of popularity, and thus the more staying power it had compared to names that quickly rose and fell. The effect was robust, occurring in both countries and across various time windows.

    According to the results, the quicker a cultural item rockets to popularity, the quicker it dies. This pattern occurs because people believe that items that are adopted quickly will become fads, leading them to avoid these items, thus causing these items to die out.

    (via Lone Gunman)

ChittahChattah Quickies

  • Report: Real-world police forensics don't resemble 'CSI' – Even before the popularity of shows like CSI, there was presumably a cultural belief in the "science" behind these techniques. But the report finds that:
    – Fingerprint science "does not guarantee that two analysts following it will obtain the same results."
    – Shoeprint and tire-print matching methods lack statistical backing, making it "impossible to assess."
    – Hair analyses show "no scientific support for the use of hair comparisons for individualization in the absence of (DNA)."
    – Bullet match reviews show "scientific knowledge base for tool mark and firearms analysis is fairly limited."
    – Bite-mark matches display "no scientific studies to support (their) assessment, and no large population studies have been conducted."
  • NJOY electronic cigarette – Looks like a real cigarette, complete with glowing tip on inhale, and exhaled vapor that resembles smoke. Gives an inhaled nicotine experience, while messaging to the rest of the world that you are really smoking a real lit cigarette. Paging Erving Goffman?

    Someone was using one a party last week; someone else got out their simulated Zippo lighter (an iPhone app) and lit it for them.

ChittahChattah Quickies

  • Henry: High earner, not rich yet – [Blogging this purely for the acronym]
    "HENRYs, an acronym we'll use to describe people whose financial situation can be summed up by the phrase "high earners, not rich yet." (I coined the term for a Fortune story in 2003 on the alternative minimum tax, or AMT, the bane of the HENRYs.) Put simply, the HENRYs are the bulwark of the professional and entrepreneurial class that drives the economy. Look in the mirror, Fortune reader, and you'll probably see a HENRY."
  • INFLUENCE AT WORK – Proven Science for Business Success – Robert Cialdini's business site for his work on persuasion
  • Robert Cialdini designs program where utility customers get smileys or frownies on their bill in comparison with neighbors – Last April, it began sending out statements to 35,000 randomly selected customers, rating them on their energy use compared with that of neighbors in 100 homes of similar size that used the same heating fuel. The customers were also compared with the 20 neighbors who were especially efficient in saving energy.
  • Coca-Cola Deleting ‘Classic’ From Coke Label – The Coca-Cola Company is dropping the “Classic” from its red labels in some Southeast regions, and the word will be gone from all of its packaging by the summer, the company said Friday. The font size of the “Classic” has been shrinking in the last decade, and the company removed it from labels in Canada in 2007.

    The language on the side of the label where it now says “Coke original formula” will change to say “Coke Classic original formula.” “Every place else in the world it is called Coca-Cola, except for in North America."

ChittahChattah Quickies

  • Wired on the big big money being made selling virtual items in online games – With about 30 workers on staff, Liu was able to keep a gold-farming setup running around the clock. While the night shift slept upstairs on plywood bunks, day-shift workers sat in the hot, dimly lit workshop, each tending three or four computers. They were "playing" World of Warcraft, farming gold at an impressive clip by hunting and looting monsters, their productivity greatly abetted by automated bots that allowed them to handle multiple characters with little effort. They worked 84-hour weeks, got a couple of days off per month, and earned about $4 a day, which even for China was not a stellar wage.
  • Wired on Ray Ozzie and cultural change at MSFT: At first, the skunk works-like nature of Ozzie's operation engendered suspicion and resentment – Previously, a big part of any development team at Microsoft was making sure its new product worked in lockstep with everything else the company produced. While that approach avoided annoying conflicts, it also tended to smother innovation. "This philosophy of independent innovation…is something Ray pushed very strongly," Ozzie's approach was to encourage people to rush ahead and build things. Then he'd have a team of what he calls the spacklers fill in the gaps and get things ready for release.
    He spent a lot of time on the physical workspace for his team. He had workers rip down the labyrinthine corridors on one floor and called in architects to create a more open design. Now, walking into the Windows Live Core group is like leaving Microsoft and visiting a Futurama set. Office windows open onto hallways so that quick eye contact can trigger spontaneous discussions. Whiteboards are everywhere. Pool tables, mini-lounges, and snack zones draw people toward the center of the space.

It’s been a long time comin’; gonna be a long time gone

The CFA Centre for Financial Market Integrity and the Business Roundtable Institute for Corporate Ethics issued a report that recommended less focus on quarterly earnings. This has something to do with how companies can mess with their financial health and their stock prices and their profits and so on, but also is connected to an underlying cultural orientation in businesses around what they are thinking about. It’s hard to innovate if your only measure of succes (as a manager) comes from the impact on quarterly earnings. Innovation, for example, takes longer than a quarter to show results (often). An article [NB: New York Times Select link, probably requires registration and probably will expire] last weekend got me thinking.

The most shocking thing I heard this week about the bad effects of short-term thinking came from a 2005 study conducted by three economists for the National Bureau of Economic Research. They asked a series of questions about the importance of quarterly earnings to more than 400 executives and discovered that almost 80 percent of them said they “would decrease discretionary spending” in such critical areas as research and development, advertising and maintenance if they needed to do so to make the quarterly numbers.

Campbell R. Harvey, a Duke University economist and one of the authors of the study, still sounded a little stunned by the results when I spoke to him. “You would think they wouldn’t want to admit this,” he said. As he saw it, in the wake of the accounting scandals, companies were less willing to use “accounting shenanigans,” as he called it, to meet earnings projections. So instead, “they are doing things that effect the real operations of the company, like postponing R.& D. This is the stuff that creates real value in the long term.”

So why, even after hearing the horror stories, is there still a part of me that says, “Not so fast?” Partly it’s because for all the anecdotal evidence of short-termism and its effects, there is not a lot of empirical data to back it up. Corporations, for instance, still do a great deal of research and development – $250 billion worth each year, according to Baruch Lev, the well-known accounting professor at New York University.

Mr. Lev scoffs at the notion that short-termism is even a problem. “It would be ludicrous to tell managers, ‘we’re going to leave you alone for five years and then come back and monitor your performance,’ ” he said. “Even if you are long-term oriented, you are going to look at how they are doing every quarter.”

The second reason, though, is that as I listened to Mr. Donaldson and the others, I couldn’t help thinking back to the early 1980’s, when the executives themselves made the exact same arguments Mr. Donaldson was making from the podium.

Let’s be honest here: for many of the executives back then, the argument that they were managing for the long-term was bogus. There was too much lethargy in too many companies, and a desire by too many executives to avoid making tough decisions – cutting loose unprofitable divisions, for example. Having sailed through the post-war era without much in the way of global competition, there were plenty of American industries that desperately needed to be shaken up in a tougher, more competitive era. Whatever their flaws, the raiders helped spur that process – in no small part by forcing executives to pay more attention to the stock price.

Ms. Browning of Merrill Lynch told me that she thought “the pendulum has swung too far in terms of focusing on the quarter.” I agree with her. That’s what often happens on Wall Street – and, indeed, in business. We swing from one extreme to the other.

So yes, by all means: let’s get rid of earnings guidance, and start paying executives for achieving important long-term strategic goals that will help the company grow and prosper into infinity. Those are worthy suggestions. But let’s not swing the pendulum back too far.

Surely we’ve learned by now that long-termism can be just as much a problem as short-termism.

Elsewhere in the papers was this piece about The Long Now Foundation and their 10,000 year clock. The interesting bits deal with the notion of long-term thinking

Anyone who thinks about the clock for a while knows that the chances of this project surviving for 10,000 years aren’t particularly good — and it has nothing to do with the physical design. Rose talks about an engineer from India who, after a presentation on the clock, suggested that in 3,000 years future societies would be sacrificing a virgin on the thing — which would gum up the works and end everyone’s hard work.

“My response was, ‘Before you walked into this room, you weren’t thinking 3,000 years into the future, so it’s already worked,’ ” Rose says. “The short-term goal is to change the conversation. It’s a piece of theater, but when you take something seriously enough to actually build it, you go beyond just the conversation and allow a lot of other people entry into that thought process.”

and

The clock project makes more sense if you just ask individuals to explain why they got involved…

“I’d pour my life for six months into a project, and then at the end of the six months people would look at this marketing material, and then it was basically worthless after that,” says Rose, who worked for video game companies before Long Now. “(After talking with Brand) I just couldn’t get this project out of my head. There were a lot of dot-com startups at that time and that was one direction I could have gone, but this is the project that seemed like it mattered.”

I find this personally relevant as a business owner and as a consultant in the areas of design/strategy/product development. It’s tough going when the economic climate is short-term oriented, because much of the work I do deals with longer-term stuff. When no one is willing to think that way, it’s harder to find work, and the methods and stories get shifted towards the short-term-wins. Yes, that’s important for business, but it’s not everything. On the other hand, it’s easy to feel that short-term fear taking over in one’s own financial worries and impacting the risks one is willing to take. Throw in war, terrorism, global warming in our face, and it’s not so clear what the wise view really is!

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