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When an Apple fan meets an Android admirer. From TUAW.

Apple v. Android

When an Apple fan meets an Android admirer. From TUAW.

Posted by Joel on April 27 2014 • Multimedia

Capital in the Twenty-First Century

imageEverybody is talking about Thomas Piketty’s new book, Capital in the 21st Century. My copy is on order. Here is the book description from Amazon:

“What are the grand dynamics that drive the accumulation and distribution of capital? Questions about the long-term evolution of inequality, the concentration of wealth, and the prospects for economic growth lie at the heart of political economy. But satisfactory answers have been hard to find for lack of adequate data and clear guiding theories. In Capital in the Twenty-First Century, Thomas Piketty analyzes a unique collection of data from twenty countries, ranging as far back as the eighteenth century, to uncover key economic and social patterns. His findings will transform debate and set the agenda for the next generation of thought about wealth and inequality.

“Piketty shows that modern economic growth and the diffusion of knowledge have allowed us to avoid inequalities on the apocalyptic scale predicted by Karl Marx. But we have not modified the deep structures of capital and inequality as much as we thought in the optimistic decades following World War II. The main driver of inequality--the tendency of returns on capital to exceed the rate of economic growth--today threatens to generate extreme inequalities that stir discontent and undermine democratic values. But economic trends are not acts of God. Political action has curbed dangerous inequalities in the past, Piketty says, and may do so again.

“A work of extraordinary ambition, originality, and rigor, Capital in the Twenty-First Century reorients our understanding of economic history and confronts us with sobering lessons for today.”

P.S. The debate continues between David Brooks and Paul Krugman. Even the author’s translator has entered the fray.

Posted by Joel on April 23 2014 • Books

State of the News Media 2014

The Pew Research Journalism Project released its report of the state of the nation’s news. Part of the in-depth analysis looks at the changing revenue picture of the journalism industry, with this interesting paragraph: “As an industry, news in the U.S. generates roughly $63 billion to $65 billion in annual revenue, according to Pew Research analysis of official filings, projections by financial firms and self-reported data.1 While admittedly an estimate, the figure provides a sense of scale: The global video game industry takes in about $93 billion a year. Starbucks reported $15 billion in 2013 revenues and Google alone generated $58 billion that year.”

Annual News Revenue

Posted by Joel on April 08 2014 • Journalism