Posts Tagged ‘New York Times’

The Week Unpeeled

Amid a backdrop of ongoing investigations in motives and scope of the alleged Boston Marathon bombers and the NRA annual convention, the US economy showed ongoing signs of moderate growth with the jobs report showing the unemployment rate declining to 7.5 percent in April and non-farm payroll adding 165,000, better than expectations.  That news propelled the Dow to a record high, closing up 143 points on Friday at 14,973, briefly topping 15,000.

Elsewhere:

  • The disaster at a Bangladeshi apparel factory is forcing manufacturers to reconsider their productions and brand images tied to poor workplace safety conditions/records, with Disney already pulling out of the country; No doubt consumers will become a different type of label conscious as where clothes are made;
  • Warren Buffett hosted its annual investor hoopla, curious to see what he says about his recent buying spree in newspapers; Meanwhile, Berskhire’s profits jumped 51 percent;
  • While circulation has been on the decline for most US newspapers, circulation rose at The Wall Street Journal and The New York Times for the six months ended March 31, because of digital subscribers: WSJ held onto its rank as largest daily with average weekday circulation at 2.4 million and NYT at 1.9 million, with a Sunday total of 2.3 million;
  • JC Penney launched a big ad/digital campaign after its downfall and CEO shuffle, in a mea culpa of “It’s No Secret,” illustrating on some levels admit errors upfront;
  • Apple sold $17 billion in corporate bonds, the largest deal in history that was met with strong investor demand;
  • Making front-page headlines nearly everywhere, NBA player Jason Collins comes out as the first major league sports player (during Tony Awards announcements week, no less!); and
  • Favorite Orb wins the Kentucky Derby. End of Story
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The Week Unpeeled

Sequester talk trumped the Harlem Shake and remained top topic all week, with no quick budget resolutions in sight, which only means US spending cuts will start in the coming weeks.  Even so, the Dow finished up only slightly (0.1 percent) this week after a strong rally Friday to end at 14,000, with a few strong earnings reports and a hint of optimism over the increased number of deals announced or in the works. (Add to the roster Office Depot and OfficeMax intent to merge.)

Elsewhere:

  • On the TV front, CNBC said it was buying the “Nightly Business Report” from Atalaya Capital Management.  The PBS show is seen in 96 percent of the homes in the US.  Format is expected to remain the same and Tyler Mathisen of CNBC will be the anchor;
  • Martin Zweig, the investor, newsletter author, and TV pundit who predicted the 1987 stock-market crash died;
  • Somewhat interesting:  Ads during the Oscars are rivaling SuperBowl ads, according to Stuart Elliott, in his weekly New York Times column, with 30-second slots costing as much as $1.8 million;
  • Even more interesting:  Time magazine published one of its longest if not its longest articles ever last week, “Why Medical Bills Are Killing Us” by Steven Brill, in a fastening piece on waste in the industry and a testament to need for long-form journalism (36 pages and very readable!);
  • Moody’s downgraded UK’s credit rating to Aa1 from triple-A
  • Spring training officially began over the weekend; and
  • The other Oscar (Pistorius) is out on bail in a case that really only gets weirder. End of Story
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The Week Unpeeled

The week saw President Obama continue to nominate new members to his cabinet while banks and Wall Street dealt with layoffs. Chief among Obama’s nominees was Jacob J Lew, of whom we all learned about his curly-cue signature, as Treasury Secretary.

Elsewhere:

  • Morgan Stanley announced plans to lay off 1,600;
  • American Express also plans to cut 5,400 jobs, mostly in the travel group;
  • Apple will release a lower-priced iPhone;
  • Jerry Seinfeld and Sony will re-sign for a second season its Web series, “Comedians in Cars Getting Coffee”; that’s so post Leap Year move;
  • Ada Louise Huxtable, the former Pulitzer Prize winning New York Times architecture critic and most recently with The Wall Street Journal, died at 91;
  • Downton Abbey premiered its third season in the US at 7.2 million viewers, one of the highest PBS shows in more than 20 years;
  • The official portrait of the Duchess of Cambridge was unveiled to pretty bad reviews as “old and dowdy”; and
  • The Dow ended the week slightly higher and is up 2.98 percent at 13,488. End of Story
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The most emailed article in Sunday’s New York Times was about how to say goodbye to all that stuff. Apparently most Americans struggle with paring down drawers, closets and desks. They hang on to old shoes, free giveaway pens and even jars of jam they will never use. Anyone who works with me knows I suffer from the opposite. I'm a minimalist - the kind that prompts people to ask, "Are you moving in or out?" when they see my apartment.

Any extreme is bad, in my view, but I'd pick my way any day. And I'd go so far as to say that being minimalist and focused on what's worth keeping also translates into your work life. I have no problem, most days, separating the "nice” from the “necessary." My 100-day plans are tight!

So why did I write this blog post today? First, I'd encourage any of you hoarders to read the book mentioned in the Times article. The writer, Jane Brody, called it, "about the best self-help work I’ve read in my 46 years as a health and science writer." The book is called The Hoarder in You: How to Live a Happier, Healthier, Uncluttered Life, published Tuesday by Rodale Books. I am buying it today for my mother in law who suffers from this very issue.

Second, I wrote this post to make me feel good about the minimalist life I've chosen, and remind myself to stick with it. With a larger apartment now and a five year old, there are more closets to fill and I need to stay true to my personal brand, as I fear non-minimalist creep might be setting in.

Finally I write this just to ask my colleagues (you know who you are) to clean up your desks. :) Ha! End of Story

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Neil Armstrong on the MoonThis past Friday, July 20, marked the anniversary of Neil Armstrong’s famous moon landing. Before this date in 1969, what we knew of space came from the minds of authors and directors, such as Sir Arthur C. Clarke – one of the most notable sci-fi writers of all time. He, and others like him, portrayed a future with marvelous technologies beyond comprehension. . . or are they?

The “fictional” technology that we see in books, movies and on television (well, even that’s becoming obsolete now, so online?), which we once imagined to be futuristic, is crossing the great divide from fiction to reality at an increasing rate.

In fact, The New York Times recently published an interactive article titled “32 Innovations That Will Change Your Tomorrow”, which highlights future technologies under development, most of which first saw public exposure through a sci-fi outlet. Below are just two examples (check out the article for more):

  • Synthohol, seen on shows such as Star Trek, is an alcohol-like substance that gives you the “buzz” of a drink, without any hangover, and could be turned off by taking a pill which would immediately cancel out any effects. Sounds too good to be true, right? Well, researchers at the Imperial College of London say they are only two to four years away from finalizing just such a product.
  • How about cars that drive themselves? Seen in films such as iRobot and countless others. Wouldn’t it be great to jump in your car and just enjoy the trip, while not worrying about traffic and potential accidents? Well, this isn’t a thing of 2050. Automatic Cruise Control (A.C.C), which monitors surrounding traffic and adjusts your car’s speed, is already on the road. Let’s also not forget automatic breaking features which are now standard on most luxury vehicles. No, this isn’t a self-driving car, but with these advancements already in production, and even more advanced systems being developed, it’s only a matter of time.

Read the rest of this entry »

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