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Now Can We All Agree That The “High Quality Web Content” Experiment Has Failed?
It’s hard to imagine anything more perfect than Slate’s decision to lay off its respected media critic Jack Shafer . Not perfect in a good way — I count myself amongst Shafer’s legions of fans — but perfect in the way that Alanis Morissette not understanding the meaning of ‘Ironic’ is perfect, or the way that a safety inspector falling out of a tenth story window would be perfect. “I tolllldddd yyoooouuu sooooooo…” I mean, what better illustration could there be of online media’s woes than an ezine laying off its media critic because the economics of web content don’t support a writer of his stature and specialism?
How the Stock Market and Economy Really Work - Kel Kelly
"A growing economy consists of prices falling, not rising." The stock market does not work the way most people think. A commonly held belief — on Main Street as well as on Wall Street — is that a stock-market boom is the reflection of a progressing economy: as the economy improves, companies make more money, and their stock value rises in accordance with the increase in their intrinsic value. A major assumption underlying this belief is that consumer confidence and consequent consumer spending are drivers of economic growth. A stock-market bust, on the other hand, is held to result from a drop in consumer and business confidence and spending — due to inflation, rising oil prices, high interest rates, etc., or for no reason at all — that leads to declining business profits and rising unemployment.Pearltrees videos
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