Monthly Archives: February 2009

“Congratulation, Neil Gaiman!”

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Came upon this blog entry on Geed Dad (part of the Wired blogosphere). Was surprised to see that Neil Gaiman’s book won the Newberry Medal. Well, not really surprised. Actually was surprised that Gaiman was surprised.

My 5th grader couldn’t put this book down. True to Gaiman’s fashion, the book is dark (judging by the cover of the book… yeah…): it starts out with a little boy’s family being murdered and with the little boy being abandoned in a graveyard (hence the title) and raised by ghosts… Kids nowadays are so much more mature than when we were growing up so I was not concerned that my son was reading about the subject of death and murder at the age of 10. Glad to know that the judges (and many teachers and parents) feel the same way. We should never talk down to our children as if they live in a cocoon. I believe that’s a main reason why Gaiman is so popular with kids with a good head on their shoulder – he treats them like adults and speak to them truthfully about unpleasant subjects.

“On Monday Neil Gaiman was awarded the most prestigious award in children’s literature, a Newbery Medal, for his new book, The Graveyard Book. The news rocked the world of kid’s literature and was a surprise to Gaiman himself. Neil Gaiman is a beloved author for many GeekDads for his children’s literature. The Day I Swapped My Dad for Two Goldfish and The Wolves in the Walls have been bedtime storybooks for my daughter since she was tiny. But Gaiman is also famous among GeekDads for his more adult literature, such as Sandman and American Gods; his movie adaptations, such as Stardust and the upcoming Coraline; and he is also a GeekDad in his own right, often relinquishing his blog to his daughter Maddy.” (Jan. 31, 2009)

Oh, Michael! Now you are not going to be on the Wheaties boxes!

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Unless we begin to serve the Breakfast of Champions in a BONG!

Apology is good. But it would have been better if you immediately came out and admitted it. Now go fire your publicist. He tried to cover it up for you. Yeah, right. Like any news outfit was going to sit on the big fat juicy story of “Michael Phelps caught smoking weed!”, or people were just going to ignore this. This is the payout that every tabloid has been waiting for.

This is a dumb move because you did it 3 months AFTER your stunning Olympic performance. You didn’t realize that you are now famous? You didn’t think anybody was going to follow you, watch your every move, and catch your every action on camera? Where have you been living? Under a rock? Haven’t you ever heard of Lindsay Lohan, Britany Spears or Paris Hilton?

And another thing: NO CAMERA ALLOWED in the BONG ROOM!

Since it happened at a student party, there are two scenarios: someone pretended to be your pal and sneaked in the party. Or, one of your buddies sold you out… That would be the most troubling part of this whole story, for me.

It seems that you were trying to cover yourself up by smoking the pipe while standing sideways. How about wearing a disguise next time? What kind of role model are you for all the dopeheads on college campuses?

I repeat: There is NO FREE lunch. Only Freemium.

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Chris Anderson (the chief over at my favorite mag, WIRED) is coming out with another book, FREE, this summer. As a precursor to the big PR blitz for sure to come, he penned an article on WSJ, “The Economics of Giving It Away“, published today.

Mr. Anderson is the god of generating buzz words (think “The Long Tail”) and cool, attention-grabbing titles (such as this one). And this article, like his previous book The Long Tail and the mag that he edits, is an interesting read.

“Does this mean that Free will retreat in a down economy? Probably not. The psychological and economic case for it remains as good as ever — the marginal cost of anything digital falls by 50% every year, making pricing a race to the bottom, and “Free” has as much power over the consumer psyche as ever. But it does mean that Free is not enough. It also has to be matched with Paid. Just as King Gillette’s free razors only made business sense paired with expensive blades, so will today’s Web entrepreneurs have to not just invent products that people love, but also those that they will pay for. Not all of the people or even most of them — free is still great marketing and bits are still too cheap to meter — but enough to pay the bills. Free may be the best price, but it can’t be the only one.”

Companies need to find a business model that most likely will be based on the “Freemium” model: Free products and services subsidized by the few that actually are willing to Pay. And the Paid price will most likely be extremely low. Companies just have to make it up on volume. Think all the online RPGs that charge gamers $5 a month so that they can get cool weapons for their characters or customize their avatars. I am not sure how well this model will succeed though since my 10 year-old boy refused to pay, out of his own pocket, for the privilege of making his avatar look super duper cool, after I approved of the expense. “Nah, who cares what I look like?” So he uses the money saved on more Pokemon cards. (Hmmm, where is the logic in this decision?)

And I love this line:“The standard business model for Web companies that don’t actually have a business model is advertising.” (and here is a cartoon to match).

The Lipstick Index: Myth Busted?

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The first time I heard about the Lipstick Index was from a Mary Kay rep: I learned from her that the three recession-proof products are lipsticks, alcohol, and cigarettes. It is not difficult to understand why alcohol and cigarettes are recession-proof: if you are addicted to something, you are going to get your drink on, in good times or hard times. (The same can be said of drugs and “purchased sex”, then? I imagine a flat line across the chart for these addictions?)

Above is the Daily Chart from The Economist on January 23, 2009, comparing national GDP to lipstick sales from 1989 to 2007.

The term Lipstick Index was coined by Leonard Lauder, the chairman of Estée Lauder, in 2001 during the recession. Lipstick sales in the US jumped by 11% in the 3rd quarter, (and more excitingly for the would-be theorists, the sales increased 25% for cosmetics during the Depression). The common theory states that lipsticks is a relatively inexpensive luxury for women with tighter purse strings. But statistics shown here does not show an obvious trend to prove this theory.

In my view, there will always be people who can purchase luxury goods when the rest of us are forced to “eat cake”. The retail anecdotes for this past Christmas season tells an interesting story: when stores were saddled with unsold inventories, 3 (relatively) big-ticket items were hot hot hot, couldn’t keep them on the shelves: Nintendo Wii, Uggs Boots, and Amazon’s Kindle.

Go figure!

Now if anyone could explain to me the attractions of those Uggs Boots…

The Economist Daily Chart: World Internet Users now over ONE Billion!

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I only recently discovered that The Economist online includes a “Daily Chart” section in which a snapshot of an intriguing world phenomenon or a trivial yet fascinating trend is presented daily.

Three things make this moment deserve our special attention:

1. The number of Internet users surpassed one billion for the first time.

2. There are more people online in China than in the USA. This should not be surprising considering the sheer size of the Chinese population (1.3 billion vs. 300 million). However, it is mind-boggling still because of the pronounced gap between economic classes, incomes, regions, education, access to modern technologies, etc. amongst the 1.3 billion Chinese living in Mainland China.

3. The Internet penetration may have reached saturation point in the United States, whereas in China, and other countries that are playing a very impressive game of catchup, there is a lot of room for growth, and grow it will.

(Glad to see that the data used include only unique users above the age of 15 and excludes access in Internet cafes and via mobile devices. Nice – makes this more meaningful even after one takes it with a grain of salt…)