Tag Archives: Finance

Chinese Professor Ad

Thanks, Azn of Reason, for posting the ad above.

I did a quick look around the blogosphere. Azn of Reason thinks Chinese dominance is the future, Frank Chow thinks the ad is yellow peril, and Angry Asian Man thinks it’s racist.  James Fallows from the Atlantic has a blog post about it here that references a politico blog post that talks about how the ad was made.  The politico post reveals that the producers cast a native Chinese guy as the professor and DC college students as the extras.  The Atlantic post humorously says: “They are DC-area college students. Their skin and teeth are different from what you’d see in a big Chinese college lecture hall.”  LOL!  Yup, those good ol’ straightened American teeth!  And yes, those kids all have perfect smiles when laughing at how China’s taken over America.  They must’ve kidnapped our dentists!

Posted in Asian American, media | Tagged , , | 4 Comments

Scary Thoughts for Your Weekend on the Chinese Economy

Thanks to Alpha Asian, who posted this article on the topic of whether the Chinese are manipulating their currency.  According to the article, people in the U.S. take it for granted that China is manipulating its currency, while the Chinese think that American politicians are twisting and oversimplifying a complex issue just before elections.

I think it’s hard to refute that China is controlling its currency.  :)   It’s quite clear that that is why they’re buying all those treasuries.  If they let it float, the reminbi would shoot up.

Posted in Asian American, News, Politics | Tagged , , , | 14 Comments

Where the Money Goes in Publishing

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I’m literally years away from finding out what happens when you complete a novel and market it, but if you’re wondering exactly where the money goes when you buy a book at Barnes and Noble, click the image above or check out this informative article by Motoko Rich comparing print and E-books. 

Posted in Knowledge, Writing | Tagged , , | 6 Comments

Most Red Ink Ever

I’m not an economist, but my gut instinct tells me that this isn’t going to work in the long term…

In a chilling forecast, the White House is predicting a 10-year federal deficit of $9 trillion — more than the sum of all previous deficits since America’s founding. And it says by the next decade’s end the national debt will equal three-quarters of the entire U.S. economy.

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A Disadvantage of Small, Independent Media

Protesters in Seoul, South Korea

Protesters in Seoul, South Korea

Good article here about Euna Lee and Laura Ling and how Current TV’s status as a small upstart affects their chances for freedom.  According to the article, it’s harder for a smaller channel like Current to exert leverage over foreign governments.  Roxanna Saberi had the same problems in Iran.  The article says:

One of the risks of this kind of improvised, headlong journalism is that reporters lack the backing of large established news organizations that might have the experience and leverage to deal with foreign governments. While Ms. Ling and Ms. Lee, full-time employees of Current, have the backing of Al Gore, who is a founder of the network, they lack the support system that their colleagues at CNN and the British Broadcasting Corporation enjoy.

Posted in media | Tagged , , , | 1 Comment

I'm not your enemy, and I'm not your friend

psychology-at-mts-08

(pic from here)

The NY Times had an interesting article about credit card companies and the debt collectors they hire and train.  The article details how these financial companies train debt collectors as amateur psychologists, and how they teach them to squeeze every penny out of delinquent borrowers.  It’s a fascinating read.

I once applied for a job as a debt collector.  It was exactly as the Times described it.  The company hired large numbers of collectors, trained them to act as “counselors,” and reminded them that people want to pay these bills.  The phrase that they repeated over and over was “we’re not their enemy, and we’re not their friend. We’re just here to help.”

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Um…okay…that makes sense

artrandgiAccording to CNN.com, the works of Ayn Rand are experiencing a resurgence in the wake of our financial crisis.  Rand was a proponent of free markets, a believer in individualism, and someone who extolled the virtues of selfishness. People have begun to start re-examining her ideas:

“If only ‘Atlas’ were required reading for every member of Congress and political appointee in the Obama administration. I’m confident that we’d get out of the current financial mess a lot faster,” Wall Street Journal columnist Stephen Moore wrote in early January.

Posted in Politics, Uncategorized | Tagged , , | 53 Comments

Obsessed: Fatal Attraction Among Black People

Obsessed

Idris Elba and Beyonce in Obsessed

I saw a commercial for Obsessed last week.  It’ll be out at the end of the month.  It’s a Fatal Attraction story with black people–but not really: the happily married couple is black, while the psycho woman is white.  Beyonce Knowles plays the wife, Idris Elba (who has a delightful British accent in the featurette bel0w) plays the husband, and Ali Larter from Heroes plays the psychotic woman who stalks the husband.

See the featurette here:
Obsessed exclusive featurette

Found on http://heyshae.com/blog/?p=4662

So where do I begin…

Posted in media | Tagged , , , | 17 Comments

Q and A with Bill Keller from the NY Times

There is an awesome web question-and-answer with Bill Keller, executive editor of the NY Times.  Everyone is worried about the economy, and as one might expect, everyone asked him about the NY Times’s business model and the future of news print.  It’s not even his department, but he answered it very well. 

I especially appreciated his insight into the economics of running a newspaper.  Check out his analysis of the LA Times, which announced that it now makes enough online revenue to cover its newsroom:

Posted in media | Tagged , | 2 Comments

Self-Publishing Companies Making Bank

Motoko Rich had a story in the NY Times today about the self-publishing industry.  As you all know from a previous post, we’ve got at least one regular here who is a self-published author, along with one who is planning on becoming a self-published author.  I think it’s awesome that technology is allowing people to self-publish without prohibitive costs.  The world is becoming more democratic.

The story in short goes like this: traditional book publishers, which front money and time to promote books, are hurting badly.  Self-publishing companies, on the other hand, which usually charge authors to get started, are flourishing.  They seem to be the one bright spot in the entire publishing world.

Posted in Activism, News | Tagged , , | 3 Comments