Shared posts

30 Jul 02:53

Overall large retailers are raising wages

by Tyler Cowen

There is a new NBER Working Paper from Brianna Cardiff-Hicks, Francine Lafontaine, and Kathryn Shaw, and the abstract is this:

With malls, franchise strips and big-box retailers increasingly dotting the landscape, there is concern that middle-class jobs in manufacturing in the U.S. are being replaced by minimum wage jobs in retail. Retail jobs have spread, while manufacturing jobs have shrunk in number. In this paper, we characterize the wages that have accompanied the growth in retail. We show that wage rates in the retail sector rise markedly with firm size and with establishment size. These increases are halved when we control for worker fixed effects, suggesting that there is sorting of better workers into larger firms. Also, higher ability workers get promoted to the position of manager, which is associated with higher pay. We conclude that the growth in modern retail, characterized by larger chains of larger establishments with more levels of hierarchy, is raising wage rates relative to traditional mom-and-pop retail stores.

This is not a surprising result, but it doesn’t receive nearly enough attention in popular discussions of the subject.  There is a related ungated earlier draft here.

30 Jul 02:49

How bad is Chinese debt really?

by Tyler Cowen

China’s total debt load has climbed to more than two and a half times the size of its economy, underscoring the difficult challenge facing Beijing as it seeks to spur growth without sowing the seeds of a financial crisis.

The total debt-to-gross domestic product ratio in the world’s second-largest economy reached 251 per cent at the end of June, up from just 147 per cent at the end of 2008, according to a new estimate from Standard Chartered bank.

Such a rapid build-up is far more of a concern than the absolute level of debt, since increases of that magnitude in such a short period have almost always been followed by financial turmoil in other economies.

While calculations of the ratio vary depending on exactly what types of credit are included, several other economists agreed with the new figure. Even those with slightly different calculations said the general trend was clear.

…“China’s current level of debt is already very high by emerging markets standards and the few economies with higher debt ratios are all high-income ones,” said Chen Long, China economist at Gavekal Dragonomics, a research advisory. “In other words China has become indebted before it has become rich.”

The U.S. total debt-to-gdp ratio is now about 260 percent.  From the FT, there is more here.

I also would like to see an estimate of the Chinese wealth-to-income ratio, relative to the U.S. ratio.  I would expect a higher ratio for the United States, which would militate in favor of greater sustainability for American debt, but of course that is why we wish to have the actual numbers.

28 Jul 01:41

A Wild Proposal for Domed Houses Made of Inflated Concrete

"Binishells" combine concrete and heavy-duty balloons to create visually stunning, structurally sound, domed domiciles.






25 Jul 02:02

Why isn't inheritance tax 100%?

by Dan Matthews, Contributor
You could argue inheritance tax (IHT) is the fairest of the lot, because the people who pay don’t need it any more. So why is it the most controversial tax of all – and why are people so against paying it? In theory, IHT is fair because, technically speaking, it is [...]
24 Jul 22:57

3 More Jurisdictions That Could Legalize Marijuana By The End Of The Year

by Jacob Sullum, Contributor
This week a marijuana legalization initiative officially qualified for the ballot in Oregon. Voters will also consider legalization measures in Alaska and (probably) the District of Columbia this fall, so by the end of the year three more jurisdictions could join Colorado and Washington in allowing recreational use of cannabis. [...]
24 Jul 22:44

Amazon Reports Big Losses As Jeff Bezos' Net Worth Hits Mayday Button

by Ryan Mac, Forbes Staff
Amazon reported second quarter earnings for 2014 on Thursday that did not impress investors, causing $3 billion to be shaved off of CEO Jeff Bezos' net worth.
24 Jul 22:43

Paul Ryan's New Upward Mobility Plan

by Scott Winship, Contributor
Inside the most comprehensive mobility agenda proposed in a long, long time.
22 Jul 02:32

There are only two moments in a father's life when it is acceptable to cry in front of his son

by Matthew Inman
Jack

Lol. Although I do remember feeling a little misty eyed at the end of Saving Private Ryan.

18 Jul 21:03

Conservatives Should Embrace Obama's Plan For Tolls to Rebuild Interstate Highways

by Robert Poole

Obama with wheelsTransportation Secretary Anthony Foxx says the Highway Trust Fund is going to run out of money in August, and President Barack Obama is spending this week pushing his infrastructure plans. If Congress doesn't come up with the money to patch the shortfall, many states will likely start cutting back transportation projects, so the looming deadline is prompting an embarrassment of gimmicks and bad ideas.

House Democrats are dreaming of replacing the gas tax with a larger per-barrel tax on oil companies. House Republicans want to violate their own Budget Control Act rules to use 10 years of projected savings from a rag-bag of cuts in unrelated programs to pay for one year of highway funding. And Sens. Chris Murphy (D-Conn.) and Bob Corker (R-Tenn.) recently proposed raising the federal gas tax, which is a political non-starter in an election year.

Congress is likely to pass a short-term fix that addresses none of the structural issues. And while there are a lot of things to disagree with in the president's transportation plans, the most sensible long-term solution for the Interstate Highway System is actually coming from the Obama administration, which is calling for allowing states to use toll revenue to finance the reconstruction of aging Interstate highways.

Most conservatives claim to support principles like privatization, market pricing, and devolving functions from Washington, D.C. to the states, but apparently not in this case. Everyone from prominent law professor and Instapundit blogger Glenn Reynolds to Sen. Rand Paul (R-Ky.) to The Washington Times opposes giving states the freedom to toll Interstates, which is currently banned by federal law. They fear it will result in the federal government "tracking" drivers via "government-mandated GPS" and argue Interstate highways have "already been paid for" by gas taxes, so tolling is unnecessary. Neither of which is true.

In fact, only the initial costs of building the Interstates, plus some ongoing maintenance, have been paid for by fuel taxes. Like most major highways, the Interstates were designed for a 50-year pavement life, after which they must be reconstructed (i.e., replaced). Many Interstates are already more than 50-years-old, and nearly all will reach that age over the next two decades.

In a Reason Foundation study last year, I estimated the cost of Interstate reconstruction and selective widening in bottlenecked areas at just under $1 trillion. Some think that number is too low, and there is no identified funding source for a set of highway mega-projects with that price tag. Even if the per gallon fuel tax is raised, its revenues will keep shrinking over the next two decades thanks to federal fuel-economy standards and the growth of non-petroleum-fueled cars.

The toll-financing approach would be feasible for all but a handful of states, with toll revenues capable of exceeding construction and maintenance costs. Tolls should replace gas taxes on Interstates, be limited to what's needed for the capital and operating costs of the rebuilt Interstates, and be implemented only after an Interstate has been rebuilt and modernized. All tolling would be done via state-of-the-art all-electronic tolling, with no toll booths needed.

This kind of project is tailor-made for private capital investment under long-term public-private partnerships. States would have companies compete for long-term contracts to finance, build, operate, and maintain specific Interstates. America already has about a dozen major toll road and bridge-replacement projects under way using this method, and its success is well proven in Europe, Australia, and Canada.

By using today's transponder-based all-electronic tolling systems like EZPass, the cost of toll collection could be kept to about 5 percent of the revenue and there would be no need for GPS boxes in vehicles.

Many conservatives are leery of this concept, especially given President Obama's endorsement, but they should support it for several reasons. First, it would be a large (and do-able) first step toward devolving the overextended federal transportation program to the states. Second, it would begin replacing a wasteful gas tax system with a true user fee, under which you pay only for the highways you drive on. Third, it would mobilize private capital for major projects that would otherwise be put off for decades, while the Interstates further deteriorate and become more congested. And, finally, it would allow using congestion pricing on urban Interstates, which would bring relief to long-suffering commuters and express buses.

The Interstate highway system is one of our most important 20th century accomplishments. It handles 25 percent of all vehicle miles of travel despite making up just 2.5 percent of physical highway lane miles. But unless we figure out a way to rebuild and modernize it soon, travel, trade, and the economy will be seriously constrained in coming decades. The status quo will not get the job done. But a customer-friendly approach via 21st century toll financing will.

18 Jul 17:48

The Pink Elephant in the Room: Eyes on Gay Republican Candidates

by Scott Shackford

The existence of gay Republicans is hardly a new phenomenon. The Log Cabin Republicans, an organization for gay men and women within the party, was founded back in 1977 in California. But every so often, the existence of gay conservatives gets media attention, particularly during election cycles.

Carl DeMaioIn more recent years, gay conservatives have been getting more attention as the Republican Party struggles with its identity. American opinion has shifted significantly to support top issues among gays and lesbians, particularly in support of marriage recognition. Support for gay marriage among evangelical Christians has doubled over the past decade, according to one poll. The Republican Party has declared the primacy of heterosexual marriage even in its most recent presidential platform, but it's hard to visualize how the Republican Party will be able to sustain any position that can remotely be called anti-gay moving forward. This ambiguity about what the Republican Party might look like five years from now is not just about the relationship between the party and religious conservatives.  The party is fractured with debate between Tea Party activists and the establishment, between defense hawks and non-interventionists, between the business interests who have fixed the game to financially benefit themselves and those who want it to stop, and in other major policy issues as well.

So in this context, it makes sense that the three gay Republicans running for Congress are drawing significant media attention across the country. The three are Carl DeMaio, challenging Democrat Scott Peters to represent California's 52nd District in San Diego; Richard Tisei, challenging Democrat John Tierney again to represent Massachusetts' 6th District; and Dan Innis, challenging Democrat Carol Shea-Porter to represent New Hampshire's 1st District. (Full disclosure: DeMaio is an independent contractor for the Reason Foundation research division's pension reform project.)

Richard TiseiThe three candidates have been getting attention from The Hill, Al Jazeera, the Associated Press, and The New York Times, among other news outlets. If any of them win in the fall, they'll be the first openly gay Republican elected to Congress. Retired Republican Rep. Jim Kolbe of Arizona came out of the closet as gay while he was serving office, not prior to his election.

Whether DeMaio, Tisei, and Innis are embraced by Republican voters could send a stronger signal to the party that it's time to kick its anti-gay planks out of the party platform. DeMaio came in second in California's top-two primary system earlier this year and will face Peters in November. Tisei and Innis both have primaries in September. Tisei would have actually been the first openly gay Republican congressman elected in 2012, but he just barely lost to Tierney. His race was one of the few where a Libertarian Party candidate may have affected the outcome.

Dan InnisAlthough none of the three have made gay issues part of their campaign, they're not hiding their sexual orientations. All three make mention of or have been photographed with their partners or mention their relationships in their campaign biographies.

Innis says the media appears to be more interested in his sexual orientation and opinions on gay marriage than the voters he's encountered.

"Here in New Hampshire not that many people pay attention to it," he says. "I've been asked about it maybe two or three times. Here, it's settled law." Same-sex marriage recognition came to New Hampshire in 2010. "We have our 'live free or die' mentality. … I think the party has come to a place where it's much more accepting of us now and with us running for office."

DeMaio hopes that eventually the sexual orientation will become a non-issue for the party and that candidates will be judged on their positions and effectiveness.

"On election night, I said this should send a national message that the Republican Party should return to its traditional roots: Freedom in all aspects, lower taxes and regulation," he said. "If you're willing to trust people to spend their own money, are you willing to trust people to live their lives?"

DeMaio, Innis, and Tisei all have components of their platforms that may be of interest to libertarians. DeMaio has been fighting for public sector employee pension reform and pushing for privatization and government program efficiency. Innis has a section on his campaign site devoted to privacy issues, calling for more restraints on the National Security Agency and ending "backdoor" surveillance, making him a potential ally of libertarian Republicans like Justin Amash of Michigan. Tisei was not available for an interview, but Garrett Quinn singled Tisei out in Reason magazine's November 2012 issue as a "libertarianish" candidate for opposing tax increases, supporting medical marijuana, and opposing parts of the PATRIOT Act.  

Do Innis and DeMaio see the Republican Party moving in a more libertarian direction? Innis thinks it could be: "Let me put it this way—I'm a candidate that supports small government, low taxes, low regulation, and keeping the government out of my daily life. I think here in New Hampshire the Republican Party is turning in that direction."

DeMaio is more direct: "I think American people have grown libertarian. And the party has been flirting with it, and it's time the flirtation blossomed into a full romance."

18 Jul 17:46

Famine No More: The World of Plenty Lies Ahead

by Ronald Bailey

Farmer's MarketFour billion more people than the 7.2 billion now alive could be fed an adequate diet if current crop production devoted to nonfood uses, such as animal feed and biofuels, were switched to direct consumption. This is one the fascinating calculations made in a new article published in Science by a team of researchers led by Paul West, a researcher at the University of Minnesota's Institute on the Environment. West and his colleagues are looking for "leverage points" in global agriculture that would reduce humanity's impact on the natural world while at the same time providing more than enough food for the 9 billion or so people who will be alive in 2050.

This analysis stands in stark counterpoint to the perennial apocalyptic prophecies of impending famine spawned by overpopulation. Last year, in the Proceedings of the Royal Society B, the Population Bomber himself, Paul Ehrlich and his wife Anne asked yet again, "Can a collapse of global civilization be avoided?" and answered that the "human predicament is driven by overpopulation" among other horrors. In his 2013 screed, Ten Billion, Cambridge University computer scientist Stephen Emmott argued that humanity's growing population constitutes "an unprecedented planetary emergency." In addition, Emmott claimed, "By 2050, 1 billion hectares of land is likely to be cleared to meet rising food demands from a growing population. This is an area greater than the U.S."

West and his colleagues focus their analysis on 17 major crops consisting of the 16 highest-caloric crops consumed as food and cotton. They occupy 58 percent of the world's croplands and produce 86 percent of world's crop calories. They are specifically looking to see if it will be possible to boost crop production on the current land base while at the same time cutting inputs like fertilizer and irrigation that sometimes generate deleterious side-effects on the natural world.

One particularly promising strategy is closing the "yield gap." The yield gap is the difference between current yields and those possible using modern farming techniques. For example, corn yield in the United States averages 162 bushels per acre.  In Africa, India, and Latin America, corn yields average 32, 41, and 48 bushels per acre respectively. The world average is 81 bushels per acre. West and his colleagues calculate that raising yields in low performing areas to 50 percent of the attainable level would produce enough calories to meet the basic need of about 850 million people. This may be too conservative a figure.

In 2012, Jesse Ausubel, director the Human Environment Program at Rockefeller University, and his colleagues suggested that the world was on the brink of "peak farmland." Future agricultural productivity will be so great that farmers will increasingly spare more land for nature. How much? Depending on how demand for biofuels develop farmers will return between 146 million and 400 million hectares to nature. The first is an area the size of France, Spain, Portugal, and Britain combined, and the second is about equal to all the land in the United States east of the Mississippi River. This is quite in contrast to Emmot's baleful auguries about future land use.

Current practices of using modern fertilizers also result in harmful side effects including enhanced man-made global warming and the creation of algal blooms and dead zones in the oceans. Nitrogen and phosphorous fertilizers have been critical to boosting crop production over the past century. University of Manitoba environmental researcher Vaclav Smil reckons that 40 percent of the world's dietary protein now originates from synthetic nitrogen fertilizers. West and his colleagues calculate that the nutrients in harvested crops account for only 40 percent of the nitrogen fertilizer and 52 percent of the phosphorous spread by farmers, much of the rest runs off the fields into streams, lakes and the oceans. Given this excess, they estimate nitrogen and phosphorous applied to wheat, rice and corn could be cut by 14 to 29 percent and 13 to 33 percent respectively while maintaining current yields.  

Irrigation accounts for about 70 percent of all freshwater withdrawals and 90 percent of water consumption. The researchers looked only at croplands where evaporation rates exceed precipitation rates. Just raising the productivity of irrigated land currently languishing in the bottom 20th percentile to above that benchmark would decrease water consumption by 8 to 15 percent while keeping food production constant.

The "diet gap" is defined as those crop calories that people could eat that do not end up in the food supply. Most of these are crops grown for animal feed and biofuels. Between 1961 and 2009, the portion of crops consumed directly as food has dropped from 57 to 51 percent. As noted in the beginning, if people consumed food crops directly, 70 percent more calories would become available, which is enough to feed an additional 4 billion people. The researchers figure that corn production in the United States accounts for 19 percent of their diet gap, representing enough calories to feed 760 million people. With considerable understatement, the researchers observe, "Although the diet gap presents opportunities to improve food security, cultural preferences and political obstacles create large challenges to reducing meat as well as overconsumption." Translation: People love to eat meat.

The United Nations Food and Agriculture Organization (FAO) reports that average global meat consumption per capita increased from 53 pounds in 1965 to 91 pounds today. The average American eats about 270 pounds of meat annually. Interestingly, the per capita consumption of beef on a global basis has been essentially flat while there are big gains in pork and chicken. Recent research suggests that switching from a high meat diet to a vegan diet would cut an individual's greenhouse emissions associated with food production in half.

A lot of food is wasted. West and his colleagues cite a report from the FAO that estimates that, for example, around 30 percent of cereal grains are lost between harvest and consumption. They calculate that curbing consumer waste of foods made from wheat, rice, vegetables, and meat in the United States, China, and India could feed 413 million people.

What makes this study noteworthy is that it assumes no new agricultural or food production technologies, instead its analysis concludes that more judiciously deploying what is already available would be more than enough feed the world's future population. Nevertheless, significant new food and agricultural technologies are in the pipeline. Consider the problem of excess nitrogen. Biotechnology researchers are hard at work at developing crops that use much less nitrogen fertilizer as they increase yields. For example, the biotech seed company Arcadia Biosciences announced in 2013 that nitrogen use efficient variety of rice out-produced conventional varieties while using 50 percent less nitrogen. Meanwhile researchers at the International Rice Research Institute are heading up a project to endow rice with the more efficient C4 form of photosynthesis found in corn. If successful, the new rice varieties would need less water and fertilizer and yield 50 percent more grain than the best current varieties.

Solutions to providing more food may also come from outside of traditional agriculture. The concept of a diet gap makes it clear that growing a pound of meat takes a lot of feed and water. A 2011 study in Environmental Science & Technology calculated that vat-grown meat could lower energy use by approximately 7–45 percent, shrink greenhouse gas emissions by 78-96 percent, cut land use by 99 percent and reduce water use by 82-96 percent. And in 2013 other researchers reported that they have figured out how to turn abundant cellulose locked up in trees and grass into edible starches and glucose suitable for fermenting into biofuels.

West and his colleagues acknowledge that more work is needed to figure out how to get best practices that they identified widely adopted. Nevertheless they conclude that "a relatively small set of places and actions could provide enough new calories to meet the basic needs for more than 3 billion [and simultaneously] address many environmental impacts with global consequences."

In other words, the prophets of overpopulation doom and imminent global famine will likely once again be disappointed.

18 Jul 03:12

Oh my: California to vote on whether to split into six states

by Allahpundit
Jack

I don't think this is a terrible idea.

Think small.


The people behind the idea missed the deadline for this year’s ballot, but now that they have enough signatures — more than 800,000 — they’ve earned a spot on the 2016 ballot. That’s a presidential election year, of course, which means higher turnout. A lot of Democrats are going to end up weighing in on […]

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18 Jul 03:06

Murdoch going after Time Warner?

by Ed Morrissey
Jack

More media consolidation in the cards.

CNN on the auction block?


Could Fox end up making CNN an orphan? A move by Rupert Murdoch on Time Warner may leave the cable news channel on the auction block as part of a media acquisition that would vastly increase Murdoch’s reach — or potentially weaken it, depending on the terms of the deal: The media giant 21st Century […]

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18 Jul 01:29

Americans are abandoning their support for a path to citizenship for undocumented immigrants

by Roberto A. Ferdman
This side of paradise. (Sam Hodgson/Bloomberg News)

This side of paradise. (Sam Hodgson/Bloomberg News)

A record number of unaccompanied minors have been apprehended at the U.S.-Mexico border so far this year, and that's likely shifting the country's opinion about immigration policy.

The majority of Americans now want the government to speed up the process by which it decides whether or not to deport undocumented workers in the country—even if it means deporting some people who would otherwise qualify for asylum, according to a new survey by the Pew Research Center.

Republicans and Independents are significantly more likely to favor expediting the process—60 percent of Republicans and 56 percent of Independents want to speed it up—while Democrats are roughly evenly split—46 percent favor expedition, but 47 percent would prefer to follow current immigration policy.

Pew immigration

Whites are also a good deal more likely than blacks to favor a speedier deportation process. And Hispanics, rather surprisingly, are about split.

What-should-be-done-about-immigration-policy-in-the-U-S-Follow-current-policy-Speed-up-legal-process_chartbuilder

The most pronounced split, however, is that between the country's old and young. In fact, the older Americans get, the more likely they are to support a speedier—even if flawed—deportation process. Of Americans aged 65 years and older, 60 percent want the process to be expedited, while only 38 percent of those between the ages of 18 and 29 felt the same way.

What-should-be-done-about-immigration-policy-in-the-U-S-Follow-current-policy-Speed-up-legal-process_chartbuilder (1)

 

These sentiments—those that value speed even when it comes at the expense of fairness—are only becoming more popular. Americans, overall, are actually abandoning their support for a path to citizenship for undocumented immigrants, according to Pew.

The public remains supportive of a broad revamp of the immigration system to allow people in the U.S. illegally to gain legal status if they meet certain requirements. But overall support for a path to legal status has slipped to 68% from 73% in February.

The drop is consistent across political lines but most pronounced among Republicans, 43 percent of which now believe undocumented immigrants should not be allowed asylum in the U.S.

Should-undocumented-immigrants-be-allowed-to-stay-in-U-S-legally-Feb-14-Jul-14_chartbuilder

"We've definitely seen some movement in the last few weeks," Mike Allison, an associate professor of political science at The University of Scranton said in an interview. "There used to be greater support for comprehensive immigration reform. A lot of that change has to do with the coverage of unaccompanied minors," he said.








17 Jul 22:14

Reform Conservatism and the Culture War

by By ROSS DOUTHAT
Jack

It's gonna be a tough road to the White House for the GOP.

A response to E.J. Dionne and Andrew Sullivan on conservatives and cultural modernization.
16 Jul 07:32

Star Citizen: If Funding Hits $50 Million, Developers Will Create Their Own Alien Languages

If funding for Wing Commander creator Chris Roberts' upcoming space sim Star Citizen reaches $50 million (and really, it seems like it will), then developers at Cloud Imperium Games will create their own languages for the game's three major alien races.

"We will work with real-world linguists to create distinctive and realistic alien languages for Star Citizen's three biggest alien races, the Vanduul, the Xi'An and the Banu," Roberts said in an update to the game's website. "No universal translators, no garbled animal noises: Star Citizen's aliens will be speaking their own authentic languages!"

Earlier this week, Star Citizen crossed $48 million in funding, with the campaign currently standing at more than $48.1 million from close to half a million total backers.

In addition to revealing the $50 million stretch goal for Star Citizen, Roberts gave a general status update on the game. Developers are currently fixing bugs responsible for the rubber-banding issues currently affecting the dogfighting module, Arena Commander, he said. The team is getting close to finding the source of the issue.

"They have narrowed the issue's introduction down to one of eleven possible change lists," Roberts said. "It can't hide from us much longer! We are adding additional debugging tools and metrics while homing in on the problem, and we're currently digging into possible differences between remote and local simulation of ship movement which could lead to the jumping."

Eddie Makuch is a news editor at GameSpot, and you can follow him on Twitter @EddieMakuch
Got a news tip or want to contact us directly? Email news@gamespot.com
16 Jul 07:03

Marvel Announces That The New Thor Will Be A Woman

by Geek Girl Diva

thor woman

You read that right. Marvel revealed the news today on ABC’s The View (we can discuss that marketing choice another time) that Thor will be a woman. As series writer Jason Aaron said in the press release, “This is not She-Thor. This is not Lady Thor. This is not Thorita. This is THOR. This is the THOR of the Marvel Universe. But it’s unlike any Thor we’ve ever seen before.”

Marvel also released new art to give us a look at the new Thor and I gotta say, she looks bad ass.

Head after the break to read the full press release and see additional art.

Marvel is excited to announce an all-new era for the God of Thunder in brand new series, THOR, written by Jason Aaron (Thor: God of Thunder, Original Sin) complimented with art from Russell Dauterman (Cyclops).

This October, Marvel Comics evolves once again in one of the most shocking and exciting changes ever to shake one of Marvel’s “big three” – Captain American, Iron Man and Thor – Marvel Comics will be introducing an all-new THOR, GOD OF THUNDER. No longer is the classic male hero able to hold the mighty hammer, Mjölnir, a brand new female hero will emerge will who will be worthy of the name THOR. Who is she? Where did she come from and what is her connection to Asgard and the Marvel Universe?

“The inscription on Thor’s hammer reads ‘Whosoever holds this hammer, if HE be worthy, shall possess the power of Thor.’ Well it’s time to update that inscription,” says Marvel editor Wil Moss. “The new Thor continues Marvel’s proud tradition of strong female characters like Captain Marvel, Storm, Black Widow and more. And this new Thor isn’t a temporary female substitute – she’s now the one and only Thor, and she is worthy!”

Series writer Jason Aaron emphasizes, “This is not She-Thor. This is not Lady Thor. This is not Thorita. This is THOR. This is the THOR of the Marvel Universe. But it’s unlike any Thor we’ve ever seen before.”

THOR is the latest in the ever-growing and long list of female-centric titles that continues to invite new readers into the Marvel Universe. This female THOR is the 8th title to feature a lead female protagonist and aims to speak directly to an audience that long was not the target for Super Hero comic books in America: women and girls.

new female thor

(via The Mary Sue)








15 Jul 15:35

Trust Me, Don't Trust The B In Apartment 23 Is Actually Worth A Watch

by Kate Knibbs
Jack

I liked this show. Although I was getting a little tired of it by the end but definitely better than the the one episode of 2 Broke Girls I saw.

Trust Me, Don't Trust The B In Apartment 23 Is Actually Worth A Watch

On July 19, Logo TV will air a marathon of ABC's short-lived sitcom Don't Trust The B In Apartment 23, including eight episodes never aired during the original run. Why should you care? Because Don't Trust The B was a funny, underrated show, despite its stupid title. It is not fair that it is gone and the wretched 2 Broke Girls persists, and we must collectively rectify that by watching it now.

Read more...








15 Jul 15:35

Chinese Couple Sells Children To Support Online Game Addiction

by samzenpus
Jack

It seems way too easy to sell a child.

hypnosec writes After several controversies arising about in-app purchases, a Chinese couple has done the unthinkable by selling their sons to buy in-app items. An unmarried couple, A Hui and A Mei, severely addicted to online games, were accused of selling their sons and were arrested. In an interview with Guangdong TV, they revealed that they chose to sell their sons to child traffickers. A Hui said A Mei is fond of playing online games and likes to buy game items. As he could not give up his in-app purchases, he was not able to support his first son and they sold him to Fujian-based child traffickers. When the wife bore another son, they felt they would not be able to support their second child either, and they again sold him to the traffickers.

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15 Jul 15:26

Bloomberg Terminals Have a Secret Craigslist for Crazy Rich People

by Adam Clark Estes
Jack

Of course lol.

Bloomberg Terminals Have a Secret Craigslist for Crazy Rich People

For about $2,000 a month, Bloomberg Terminals seem like a tremendous waste of money for anyone but the avid trader. But! Did you know that insane price comes with access to a special classifieds section, populated exclusively with stuff from other overpaid Bloomberg subscribers? It's called POSH, and it's kind of amazing.

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15 Jul 06:40

Airbus: Who Needs Real Seats When You Can Straddle Bike Saddles?

by Ashley Feinberg
Jack

How long before standing only flights with a few handicapped spaces?

Airbus: Who Needs Real Seats When You Can Straddle Bike Saddles?

Today in Questionable Airbus Patents, it's not the pilot being displaced ; it's our sweet, precious legroom. And about three-quarters of the seats themselves. We just hope you're not a fan of personal space, because otherwise—it's going to be a long flight.

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15 Jul 06:36

Economist: File Sharing's Impact On Movies Is Modest At Most

by samzenpus
Jack

Maybe, but I don't use Popcorn Time and then feel the need to pay.

First time accepted submitter SillyBoy123 writes What is the impact of file sharing releases on the movie industry? Ask the studios and they will say billions. An economist named Koleman Strumph is presenting a paper at the National Bureau of Economics this week that tries to estimate the crowd out from these releases. His conclusion: "I find that file sharing has only a modest impact on box office revenue." In fact, Strumph finds that file sharing before the official release of a movie can actually be beneficial to revenues: "One consistent result is that file sharing arrivals shortly before the theatrical opening have a modest positive effect on box office revenue. One explanation is that such releases create greater awareness of the film. This is also the period of heaviest advertising. In conjunction with the main estimates, this suggests that free and potentially degraded goods such as the lower quality movies available on file sharing networks can have some beneficial effects on intellectual property."

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15 Jul 05:23

Comic character Archie will die saving gay best friend from assassination

by Chris Welch
Jack

This sounds a lot different than how I remember Archie back in the day.

Archie Andrews, a staple of American comics since 1941, will die in Wednesday's issue of Life with Archie. And he'll say goodbye to the series with one last act of heroism: Archie will take a bullet meant for best friend Kevin Keller, the first openly gay character in his comic universe. In doing so, he'll foil an assassination attempt against Keller and, according to the story's creators, give rise to greater understanding and tolerance in his fictional town of Riverdale. The final issue arrives as many Americans continue to work tirelessly on behalf of gay rights and extending marriage equality across the US.

"He dies selflessly," said Jon Goldwater, Archie Comics publisher and co-CEO, speaking to the Associated Press. "He dies in the...

Continue reading…

15 Jul 02:51

The Least They Could Do: Amazon Charges 1 Cent To Meet French Free Shipping Ban

by timothy
Jack

Sacrebleu!

Last year, we mentioned that the French government was unhappy with Amazon for offering better prices than the French competition, and strongly limited the amount by which retailers can discount books. Last month, the French parliament also passed a law banning free delivery of books. Ars Technica reports that Amazon has responded with a one-penny shipping rate on the orders that would previously have shipped free. Says the article: This is by no means the first time France has tried to put a damper on major US tech companies dabbling in books or other reading materials. In 2011, the country updated an old law related to printed books that then allowed publishers to impose set e-book pricing on Apple and others. And in 2012, there was the very public dispute between French lawmakers and Google over the country's desire to see French media outlets paid for having their content pop up in search results. At least for now with this most recent situation, an online giant has found a relatively quick and easy way to regain the upperhand.

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15 Jul 02:23

Phase-Changing Material Created For Robots

by samzenpus
rtoz writes In the movie Terminator 2, the shape-shifting T-1000 robot morphs into a liquid state to squeeze through tight spaces or to repair itself when harmed. Now a phase-changing material built from wax and foam, and capable of switching between hard and soft states, could allow even low-cost robots to perform the same feat. The material developed by MIT researchers could be used to build deformable surgical robots. The robots could move through the body to reach a particular point without damaging any of the organs or vessels along the way. The Robots built from this material could also be used in search-and-rescue operations to squeeze through rubble looking for survivors.

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15 Jul 02:14

How Do You Get to Carnegie Hall? Talent

by By BENEDICT CAREY
A new review of research has restarted the argument over the relative importance of practice and native talent.






15 Jul 01:56

I want this delicious burger on a stick in my mouth right now

by Jesus Diaz on Sploid, shared by Jesus Diaz to Gizmodo
Jack

Yum.

I want this delicious burger on a stick in my mouth right now

Corn dogs? Not a fan. A corn dog-inspired burger-on-a-stick made of "pickled beef frank and a slice of crispy pork belly, sandwiched between two smash-cooked beef patties, dipped in a jalapeño, whole kernel corn batter, fried, and drizzled with honey"?

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15 Jul 01:47

Amazing hail storm on a beach looks like the beginning of the Apocalypse

by Jesus Diaz on Sploid, shared by Jesus Diaz to Gizmodo
Jack

Yikes.

Amazing hail storm on a beach looks like the beginning of the Apocalypse

This video captured on a beach in Novosibirsk, Siberia, looks like a scene from a movie about the end of the world. People were enjoying a perfect sunny day—with temperatures of 99F (37C)—when bullet-sized hail started strafing the beach while everyone were running for their lives in panic.

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15 Jul 01:34

The USA's Floating Special Forces Base Sure Doesn't Look Like One

by Andrew Tarantola
Jack

Nice.

The USA's Floating Special Forces Base Sure Doesn't Look Like One

The US military, facing a distinct shortage of allies willing to let them build forward operating bases on their land, has developed an ingenious solution: build the base on a boat and moor it in international waters. All of the shock and awe, none of the messy legal entanglements.

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15 Jul 01:11

This Movie About Hackers Is Free for 24 Hours Before It Disappears

by Alissa Walker
Jack

I might have watched this but this trailer is a snoozefest.

The new film Algorithm tracks the travails of Will, a freelance computer hacker who "breaks into a top-secret government contractor and downloads all their recently developed programs." Like the subjects it tackles, the film has a tech-forward business model that make it more like a startup than a cinematic feature: It's free today only.

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