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Economics & Finance

The Perfect TV Show

I am a Hollywood television producer. I am young, smart, ambitious, and cynical. Because of these first two traits, I came up in the industry learning that it respects ROI more than it does Shakespeare. Because of the third, I am entrepreneurial and not bothered by a concern for the bottom line. Because of the last, I have an acute appreciation for the fact that my audience is, in aggregate, absolutely average -- short attention-spanned, IQ of 100, and deep in consumer debt.

And I have devised the perfect television show.


What Are We Worth?

Have you ever pondered your estimated worth? What about the estimated worth of your online blog real estate? Apparently this guy can tell you an exact dollar amount based on "science" and "math".

Here are some interesting numbers:

www.periodicdiversions is worth $5,080.86.

thedailyclips.blogspot.com, a popular political muckracking article depot is worth $1129.08.

While one of the more popular blogs, GAWKER, is said to be worth almost $2.5 million.

It's also important to note that the dude on the right-hand side of the linked page is actually worth 23 cents. Probably had something to do with the douchebag variable.

Attracting Buyers Who Won't Sell

Ebay has changed how sellers of goods interact with buyers, and it has shifted the balance of power from sellers of goods to their buyers. Smart sellers have adapted through customization.


Posted by ryan on October 12, 2004 | Comments (241) | TrackBack

The Record of Gas Prices

For Spring Break this year I decided to take in the splendor in the grass that is Colonial Williamsburg. I was determined to leave my constantly thinking brain on the driveway of my home and mindlessly experience 18th Century Virginia; but while listening to Hey Ya!, again, a discussion broke-out mid chorus on the current state of gasoline prices.

Driving down Interstate 95, I remarked to my travel companion, "you know, gas prices are at a record high this week." (I was simply repeating something that I had heard or read in one of the many liberal media outlets that plague Washington, DC.) My companion, a savvy intellectual and also a lady, didn't take my comment at face value and insisted she had not only seen higher prices before, but that I was being much to hard on the current Bush Administration. I countered with the ambiguous, "perhaps they mean price per barrel?"

She was both right and wrong. While we may be paying more in dollars, we are paying far less than we are paying in "real dollars" and I am being pretty tough on the Bush Administration (but I think i have a pretty good reason, see here and here.)

Gregg Easterbrook, of The New Republic's famed Easterblogg, finally answers the question: How much more are we paying for gas?

Bring on the economics...


Inside The Government's Terrorist Casino

Sure, the idea of setting up an online futures market where individuals can make or lose money by speculating on geopolitical events (e.g., assassinations, coups, and terrorist attacks) makes us squirm a little. But for its flaws, its proponents know that there is no more reliable predictor of unpredictable events than a free market.


Posted by ryan on August 04, 2003 | Comments (256) | TrackBack

Dismal Science Gets Gloomier

Researchers at the Federal Reserve Bank of Atlanta have concluded that Captain Kirk would be a better investor than Mr. Spock. Still no research into why the average rational decision-maker thinks most economists are losers.

Posted by ryan on August 03, 2003 | Comments (242) | TrackBack

Technology Empowers Socially Responsible Shoppers

"The Corporate Fallout Detector," created by James Patten at MIT, "reads barcodes off of consumer products, and makes a noise similar to a gieger counter of varying intensity based on the social or environmental record of the company that produces the product. "

Posted by ryan on July 27, 2003 | Comments (106) | TrackBack

Customer No Longer Always Right

In a sluggish economy, some companies are finding clever ways of transforming their customer base into a more profitable one: dropping the maxim that "the customer is always right."


Posted by ryan on July 27, 2003 | Comments (8586) | TrackBack

Misbehaving Mutual Fund Industry Under Scrutiny

The six-billion-dollar mutual fund industry may soon become more closely regulated by Congress, state regulators, the SEC, and the NASD.


Posted by ryan on July 24, 2003 | Comments (198) | TrackBack