Friday, June 15, 2007
iPod blamed for stealing the thunder from contemporary art
If you've been yearning for controversy, why not meet Mr. David Hockney? Commonly know as "Britain's best-loved living painter," Hockney has suggested that the proliferation of the iPod has been a primary contributor to the recent "fallow period of painting." He insists that today's society is "all about sound," and even mentions that people are turning off their eyes and ignoring contemporary art whilst "plugging their ears." Put simply, he believes the modern "decline in visual awareness" rests heavily on Apple's own cash cow, and further stirred the pot by insinuating that it led to "badly dressed people" who cared not about lines nor mass. As expected, a spokeswoman for Apple Australia refuted the claims, and while we certainly have seen no shortage of brilliant creations since the iPod explosion, there's always two sides to the canvas.
Thursday, June 14, 2007
Taxes: Pay your estimated taxes online
The June 15th tax deadline looms, which means freelancers, sole proprietors and other misc income-making individuals and small businesses have an estimated quarterly tax payment to make. Up until now estimated tax payments were one of the last things that I wrote a dead tree paper check for; but it turns out I was living in 2001. The US Department of Treasury offers EFTPS, an online payment system that takes electronic estimated tax payments. The catch is you have to enroll online and wait up to 15 days to get your PIN number via snail mail, so it's already too late for this payment deadline. Also, not sure about other states, but California's Franchise Tax Board also offers online payment, too.
Shoestring opportunity
TV Guide was purchased for more than $3 billion, back when a billion dollars was a lot of money. At one point, it was worth more than ABC or NBC.
CMP, like many other trade magazine publishers, is busy consolidating, laying people off and closing magazines as they try to move to digital.
Put those two facts together and there's an opportunity. In fact, a bunch of them.
Who is curating YouTube? Who's the TV Guide of a world with a million channels?
We don't need someone to point us to goofy edited scary car ads. What we need are tiny, specialized sites that obsess about specific industries. Is there a good video every day about how to do better real estate sales? If there isn't, there soon will be. Or for heart surgeons?
For every segment where there is currently a trade magazine, I believe there's an opportunity to build a blog-like, woot-like, ad supported page that finds the good stuff. Jeff Jarvis, who ironically used to work at TV Guide, is already doing this with politics.
Like most opportunities, this one will be obvious later. And then it'll be too late for most of us to get in.
Stealing $3 billion from Wal-Mart
Filed under: Wal-Mart (WMT)
Thieves have stolen $3 billion worth of stuff from Wal-Mart Stores, Inc. (NYSE: WMT) in the last year, according to the AP. That's enough to make a pretty good size company but it represents less than 1% of its $348.6 billion worth of sales in the last year.
It turns out that Wal-Mart is not the only one suffering from the problem. Theft cost retailers $41.6 billion in 2006, according to a joint study released Tuesday by the National Retail Federation and the University of Florida. The study found that the theft rate as a percentage of sales rose to 1.61% of sales in 2006 from 1.60% in 2005. So at 0.9%, Wal-Mart is relatively tough to steal from.
Interestingly, it turns out that most retail "slippage" comes from employees. Specifically, employees stole about 47% of the dollars and customers swiped about 32%. Administrative errors accounted for 14%, supplier fraud accounts for 4%, and the remaining 3% is unaccounted for.
Continue reading Stealing $3 billion from Wal-Mart
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