Archive for the ‘Economics’ Category

World Cup Means Selling More Coke… Subliminally!

Friday, June 11th, 2010
The 2010 FIFA World Cup Celebration Mix of Wavin’ Flag by K’naan


With the World Cup starting today, the world’s attention is focusing on the number one most popular sport in the world, soccer. And there are many people who are trying to capitalize on that attention. Not least among them is a mostly-unknown Somalian musician named K’naan.

K’naan’s 2009 single Wavin’ Flag was selected as the 2010 FIFA World Cup’s official anthem. But who selected the song and where did it come from? It was not selected by FIFA, instead it was chosen by Coca-Cola International. And it underwent a fairly intense “change” before it could receive this honor, including revision of most of the song’s lyrics, complete removal of entire verses, and most notably, the addition of Coke’s Audio Signature, (The “Oh, oh, oh, oh-oh” from their current “Open Happiness” campaign).

Compare the original album version of the song to the Coca-Cola approved revamp posted above:

The artist, K’naan, had this to say about the world’s largest beverage company and the world’s largest brand asking him to change his song,

“I saw it as an opportunity to reach more people. I don’t work for Coke or anything; what I do is my music. This was a really great opportunity for them to use my song, without compromising my integrity as a musician.

It sounds nice. And as far as “a really great opportunity for them,” I’m not sure, but it is definitely “a really great opportunity” for K’naan to break out onto the international music scene, as one of the most listened to songs in the world and the top downloaded on iTunes today.
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Inexpert Review: Economic Support for Becoming a Call Girl

Monday, January 4th, 2010

“Levitt and Dubner’s SuperFreakonomics: Rather than a Sequel to the Original and Uncanny Economic Stories We Presented in Freakonomics, We’ve Created a Dry Scientific Journal of What Other Economists are Doing and How They’re Passing It Off as Pop Psychology. Also, We’ve Included a Bonus Guide on How to Start Your Own Business as a High Paid Escort Including Suggested Services and Hourly Rates.”

SuperFreakonomicsThe full title is very long, but funny in a “pick it up off the shelf and show your friend to get a laugh” marketable way. SuperFreakonomics: Global Cooling, Patriotic Prostitutes, and Why Suicide Bombers Should Buy Life Insurance by Steven Levitt and Stephen Dubner.

Levitt, the economist and presumably “the source” for the material again pairs up with Dubner, the storyteller, to rekindle the magic they made together four years before with Freakonomics: A Rogue Economist Explores the Hidden Side of Everything. I loved Freakonomics. It was, in so many ways, the right book at the right time. Like lightning striking, many factors came together to create the perfect conditions for a dramatic effect. Freakonomics published on the heels of Gladwell’s counter-intuitive bestseller, Blink, into a general resurgence of interest in pop psychology and pseudo-educational non-fiction.

Levitt and Dubner grabbed some literary headlines with their sensational, statistically-based assertions, including the deliberate counter-argument to Gladwell’s explanation of decreased crime covered in The Tipping Point. They had a lot of fun, fresh and surprising discoveries that were shared in a punchy and “radio-friendly” way that is a tribute to Dubner’s writing ability—he was able to convert Umberto Eco into Dan Brown. The masses could enjoy Freakonomics.

But like the old adage about lightning striking, Superfreakonomics is a miss.

UNLESS you are looking for financial data to support your transition from your current career into the thriving industry of High-Paid Escort Service Providers. In which case, the first 55 pages are a “must read.” In these pages, a world-renowned economist will explain to you that prostitution is not about buying sex, but really about limited suppliers seeking to satisfy a decreasing demand for a price inelastic service. It is virtually a cut-and-paste business proposal for you to take your Brothel plan to the investors for your A round.

If you have the time and interest to learn more about effectively selling yourself on the street at an hourly rate, this book is for you. If this does not currently align with your career goals, borrow it and read chapter 5 about global cooling, as this will be the water-cooler topic sometime in the near future where you can impress your friends.

My rating for the book is 20,000 otherwise stable housewives turned drug addicted prostitutes because of inalterable economic incentives out of a possible 50,000 otherwise stable housewives turned drug addicted prostitutes because of inalterable economic incentives.

Also, in my extensive research for this blog (i.e.- “reading wikipedia“), I learned they are making a film adaptation of the first book. This will be bad. I look forward to writing another Inexpert Review in the future, apparently sometime around August 2010.

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McMonopoly: "I'm Losin' It"

Thursday, October 30th, 2008

For those of you without your McCalendars handy, we are in Week 3 of the 2008 McDonald’s Monopoly game. (If you don’t know what this is about, you can educate yourself on the topic on your own time using the greatest reference known to man, wikipedia.org, then come back here and read the rest.)

For many of us Die-Hard monopoly fans (I use the 1st person plural, here) this is an exciting annual event where a classic American board game involving fake money and dumb luck is paired with the international icon of American sloth and gluttony. And big macs.

The biggest difference in McOpoly this year (that’s mine, by the way, I just made it up but I am registering it as soon as I finish typing this) is that you can not only play it with the old-school paper tear-off “game pieces” tabby-things, you can also play online! Well, that and the grand prize is reduced from $5 million to a $1 million annuity paid out over 20 years, which, using the present value of an annuity formula:

PVoa = PMT [(1 - (1 / (1 + i)n)) / i]

We can determine to be, approximately, something much less than $1 million dollars. (Do your own math, I’m busy.)

All that being said, I am on my 24th consecutive day of eating only McDonald’s food -but not just any food- you see, they’ve tied the tear-off paper pieces ONLY to what he wants you to buy, Big Mac, Large Fries, Large Coke, that kind of stuff. “He” being the clown, of course.

At any rate, I did a little searching to see why I haven’t won yet, and I learned this bit of interesting knowledge: my odds of winning are actually “approximately 1 in 184,698,474,” To give that any sort of comparison, the oft-quoted odds of getting struck by lightning are 1 in 244,000. So, I am actually 75 and a half times MORE likely to get struck by lightning than to win the million dollar McOpoly® prize.

You see, the little paper bits are rigged. There’s nothing random about it. They’re all distributed “randomly” except for 1 piece of each set, the most famous being Boardwalk, of which there are 3. In the world. And don’t fool yourself by thinking, Well, I can still win the online prize. That’s rigged, too!

The same properties you can’t win in “Real Life,” namely the last property in each set listed alphabetically and Boardwalk, you can’t win online. The code you put in on each paper bit to roll the virtual dice determines where you can land. The Clown has successfully taken all of the fun out of the fake money and dumb luck game that so many Americans have cherished.

In summary, with the 2008 McOpoly® Game, the only Real Winners are the people that did not realize the Game was happening, Collected no game pieces, did not pass Go, and did not endure the ultimate price of contest entry- 1 month of eating reheated burgers and greasy fries.
–Shawn Butler

Oh, and the attribution for the awesome McSticker above is that superhero of the blogosphere, Steve Sneeds. The equally awesome McJoker image is from a post on HALOLZ.com.

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Bernanke Warns of Sinking US Economy

Wednesday, September 24th, 2008
Meanwhile, the world of South American consumer goods is rocking out!

If your day was going at all bad, this will cheer you up.

The song Microdancing by Babasónicos of Argentina.
Happy and Awesome.
The Spanish Lyrics and their Translation (by Shawn)
Si te llevo de favor
If I like you and we go out
me prometes que esta vez
do you promise me that this time
no vas a arruinar la fiesta?
you are not going to ruin the celebration?
Apretados Tightened (or Tense)
Microdancing
No esperes nada de mí
Don’t expect anything from me.
No esperes nada de mí
Apretados Microdancing
Si de onda te acompaño
If it happens that I acompany you
a salir esta vez
to go out this time
no me vas a dar vergüenza?
you are not going to make me embarassed?
Haciendo lo que más me gusta.
I’m doing what I like most.
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