Economics


In at least one respect, Social Security is even worse than a traditional Ponzi scheme:

 

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As the current regime draws nearer to the day when we cannot afford to drive cars, it’s good to know that people are working on alternatives: like the bike repair vending machine.

The Fixtation is really just a vending machine, but with bike parts instead of snacks (though there are some snacks in case you’re getting hungry on your ride). What makes it most convenient is the bike mount and tools–attached with aircraft cables to prevent theft–alongside the vending machine. You can replace that flat or adjust your brakes yourself without dealing with the characters who usually are employed at bike shops. Of course, you may not know how to replace a popped tube yourself; now is certainly the time to learn, so you can take full advantage of the Fixtation when it moves into your city.

Via: http://www.fastcompany.com/1768512/bike-repair-vending-machine-for-bikers-on-the-go

Throughout history, poverty is the normal condition of man. Advances which permit this norm to be exceeded–here and there, now and then–are the work of an extremely small minority, frequently despised, often condemned, and almost always opposed by all right-thinking people. Whenever this tiny minority is kept from creating, or (as sometimes happens) is driven out of a society, the people then slip back into abject poverty.

This is known as “bad luck.”

—  Robert Heinlein, in “Time Enough for Love,” 1973

QUICK! What keeps pre-packaged shredded cheese from clumping, low-fat ice cream creamy, and pre-made milk shakes smooth? You guessed it! WOOD PULP. They call it “cellulose,” but it’s just powdered wood pulp. The industry loves this stuff. It’s cheap. It helps stabilize food, lowers fat content, increases fiber. Did I say it’s cheap?

Via http://www.foodrenegade.com/would-like-some-wood-pulp-your-shredded-cheese/

 

In the academic world, you think now and decide never; and in the government, it’s just exactly the other way around.

 

G. Warren Nutter,  economist and former Assistant Secretary of Defense

Switzerland’s new “Anti PowerPoint Party” (APPP) claims that PowerPoint sucks the creativity, spontaneity and audience interest out of any given topic. “If you do a PowerPoint presentation and it goes well, in 95 out of 100 cases if you do it without PowerPoint, the version without PowerPoint will beat it,” said Matthias Poehm, the president of the APPP, in a not very exciting video presentation.

He has a lot of unverifiable statistics to back him up. By assuming that across Europe, 11% of the 296 million employees are being subjected to twice-weekly PowerPoint presentations, Mr. Poehm calculates that lost productivity due to PowerPoint amounts to €110 billion per annum.

You’ve gotta love those Swiss!

Via http://blogs.wsj.com/tech-europe/2011/07/08/swiss-party-campaigns-against-powerpoint/?mod=google_news_blog

Available now at the App Store, an app to let the unborn pick its name: Kick To Pick

Is the app that lets your beautiful bump choose their own name from thousands of baby names or even a shortlist created by you.”

The app plays selected names, with the iPhone over the big bump.  When it senses a kick, that’s the name that the fetus picked.

My reactions:

  1. If you’re lame enough to need an iPhone app to pick your baby’s name, you’re probably too lame to have an iPhone.
  2. If you believe that the fetus is really picking its name, you’re certainly too lame to have a baby.
  3. Yet, I have to admire the entrepreneurial spirit that could dream up and sell such high-tech snake oil.

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