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Changing Lives in Googley Fashion(0)
The story of Bonnie Brown, a San Francisco-based masseuse, just blew my mind. Her life turn, for the better (oh!, way better), happened thanks to Google. Get this: Through happenstance, Mr. Brown answered an ad for an in-house masseuse part-time job at Google. That was in 1999, when the company had 40 employees. Fast-forward to 2007 and Brown is about to publish: “Giigle: How I got Lucky Massaging Google.” Brown no longer rubs geeks’ backs. The shares she was offered when she joined the company making $450 weekly made her a multimillionaire. Now a world traveler who lives in a 3,000-sf house in Nevada, Brown is one of about 1,000 people who have each made more than $5 million worth of Google shares from stocks grants and options, according to The New York Times. (Last week the company stock hit its all-time high of $747.24.) The reporter spoke to several Google employees, not identified by name, who gave her the whole Googley etiquette when it comes to skyrocketing stocks, cashing out and changes in life styles. Here is what the reporter – Katie Hafner – learnt: “It isn’t considered ‘Googley’ to check the stock price.” So, wrote the reporter, the stock price does not matter (Oh! I see…). “It’s very clear that people are taking nicer vacations,”… “One of the guys … showed up at work in a really, really nice new car.” That’s Googley! |
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In Fashion Dollar is Passé(0)
There is no doubt that Brazilian top-model Gisele Bundchen seamless proportion stir jealousy among women. Some Wall Street titans might share a similar feeling. (Keep in mind that she takes home $30 million a year). Now she is showing off her prowess in forex. La Bunchen’s latest move signals a new take on investing. According to The Wall Street Journal, the beauty demanded that all her contracts be valued in euros instead of dollars (one euro is buying 1.4558 dollars today). Back in August, Procter & Gamble’s Pantene had to rework its contract to have La Bundchen’s ringlets promote the brand. |
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Zero Is Worth More than One(0)
Can’t afford a studio apartment in New York? Try shopping for a one-bedroom then. Get this: Per some estimates, the square footage of studios in some Manhattan neighborhoods is more expensive than that of one-bedroom apartments. Go figure. Pulling data from Radar Logic, a real estate data analysis firm, The New York Times reported that studios in the financial district are selling for $1,012, compared with $948 a square foot for one-bedrooms. Demand for studios is stronger and the offer, while slower to pick up, is more diverse, at least when size is considered. Luxury condos have propelled the size of studios that now appeal not only to home buyers, but also to investors, purchasing those pieds-a-terre. The $1million studio is not frowned upon time and again. It has become ordinary (How can I live in this city????). At the (new) Plaza a studio was sold by over $2 million just recently. I wish I was somebody like Dae-Hoon Kim, a 29-year-old lawyer and also film student (l love the diverse interests) who just bought a 680-square-foot studio at the Plaza for $1.4 million to live for “just a couple of months,” and make money out of it afterward. It amazes me how buying power can make the same world look so different to from one person to another. “It’s the Plaza Hotel, and the price per square foot was a pretty decent deal, especially considering the name and the location.” (Oh Lord! Please forgive him) |
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Denton versus Grigoriadis – Chapter II(0)
It didn’t take long for Nick Denton to react to Grigoriadis’ “Everybody Sucks” cover feature at New York magazine Oct. 22. issue. For him, having his gossip blog profiled in “one of the last bastions of old-school journalism” is “something of a rite of passage.” Acknowledging that the new journalism is indeed solitary, poor, nasty, brutish, and short, Denton says that his creation is “a proxy for this harsh and competitive new world, because the gossip site covers the death agonies of Manhattan’s old-line media industry, without much respect for the club’s cosy rules.” But he doesn’t want to take all the blame, so he invokes other kings of insult like Perez Hilton and TMZ.com for reassurance. So, bloggers: Let’s exercise some constraint with the power of the pen. There must be some other ways to be humorous and alternative outlets to exorcise our demons. |
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No good deed goes unpunished(0)
“Any publicity is good publicity” seems to be Nick Denton’s mantra. With nearly 20 call-outs filled with insults, borrowed from Gawker.com, New Yorkmagazine’s profiled the blog and the man behind it in its cover story. “Greasy, Self-absorbed hipster,” “that skeletor,” “loser,” and “bloated has-been,” are some of the mockery printed on Oct. 22 issue cover. Writer Vanessa Grigoriadis, one of the many deprecated by Gawker, took matters on her on hands and set out to discover why Denton and his lieutenants are fuming. Grigoriadis was undeterred by the Briton’s declining her request for an interview. She spoke to Gawker former and present writers, and several disgraced subjects of the gossip blog. “The moment that he told me that he would not conduct an official interview with me, and I said I’d continue reporting without him, was perhaps the only one where I’ve seen him express emotion. For a split second, he was furious. His eyes flicked back and forth over mine like a metronome, searching for some clue to what I was planning, what angle I might be playing, and he spat out his denial with the intensity of a losing tennis player,” Gregoriadis wrote in her cover piece. But she did not escape what she called the “Culture of the Bile.” Here is what Gawker wrote about her:
(Ouch!) Getting back on Denton, not only on her behalf, but on behalf of hordes of disgruntled journalists – some dubbed “slutty and increasingly sundamaged” – Grigoriadis covered her basis and put together “Everybody Sucks,”a 6,000-plus-word profile of Gawker and Denton, the former Financial Timesjournalist who created it. Some traces of the picture Grigoriardis painted, without her main subject cooperation: “the complicate owner of the blog network Gawker Media;” Journalists, publishing people, media junkies and God knows who else have talked to exhaustion about the end of print. If a Gawker-like scenario is what the future holds for journalists, make this Gregoriadis riff your mantra: “In an insult culture, shamelessness is a crucial attribute.” A journalist myself, I am perplexed. But I have to say that the fact that Gawker took over New York magazine cover is definitely a sign of the times. |
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Madonna Dumps Warner(0)
Following British band Radiohead’s proclamation of independence from record labels, closing its affiliation with EMI Group, it is now Madonna who is giving the cold shoulder to its recoding company of 23 years Warner Music. Radiohead decided to go solo, releasing its latest album Rainbows through its own Web site and let fans decided how much to pay for the songs. Madonna is about to sign a 10-year deal, worth of $120 million, with Live Nation. The deal involving cash and stock give the the concert promotion company three albums, still to be produced, and exclusive rights to promote the Material Girl’s concerts and market her merchandise. Here are the general terms of the possible agreement: $17.5 million and advance payments for three albums of $50 million to $60 million and $50 million in cash and stock for the right to promote her concert tours. Reported first on The Wall Street Journal’s Web site yesterday, the deal signals how tides are shifting in the music industry. Tanking CD sales alone no longer cut in the music industry. Recording labels and concert promoters are now striving for deals that include everything that can bear the artist’s brand – from albums, to publishing to merchandising to endorsement fees. Following to The Wall Street Journal breaking the news, major publications followed the story, which was rumored first over the summer. Now, others music artits are following suit, putting record labels, already hurting, in an even more dangerous zone. According to The New York Times, the band Eagles is selling its new album directly to Wal-Mart stores. And the Telegraph reported that band Jamiroquai and Oasis are considering doing the same. Last month, Warner’s stock fell as low as $9.41 –– almost 66 percent bellow its high mark of $27.24 in November 2006. Meanwhile, Life Nation, a spin off from Clear Channel Communications, is trying to morph into a full service music company since getting just 10 percent of ticket revenues will make ticket sales alone a hard bet to generate return on the investment, even considering that Madonna makes more money on her tours than on her albums (her 2006 “Confessions” tour grossed $194 million). Wait and see a horde of Madonna branded products might be the way to make it out for the investment. Get ready for a batch of ringtones, fragrances, concert video downloads, features on wireless carries, etc… Undeniably, though, there is no shortage of optimism around the music industry, and why not mention, aging-effect reversing techniques. Keep in mind that when that marriage between the protein blonde and Life Nation ends, she will be pushing 60! |
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Beef Patties: Top of Mind(0)
“Knowing and loving the Ten Commandments empowers people and feeds their souls, while knowing the contents of a famous hamburger, at most, only feeds the stomach,” said Dr. Ron Wexler, president of the Ten Commandments Commission, in a press release. Got it? Yes, marketers promoting an animation movie of The Ten Commandments took theirs and other people’s time to establish a correlation between The Ten Commandments and the ingredients of a Big Mac. The random survey showed that respondents could recall both the Big Mac ingredients and the members of the fictional TV series Brady Bunch family more easily than they could name the Ten Commandments. Those craving for more, take this:
The Ten Commandments (the movie) will be the first film in the “Epic Stories of the Bible,” produced by Promenade Pictures and Motive Entertainment. |
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How Will The Housing Bubble Affect investors(0) The general assumption surrounding the so-called housing A 20% overall decline in market value of real estate will Real estate investment however, is not a single-track Experienced investors will try to pick up properties at 70% Pre-construction builders are struggling to find new Of course, this investment alternative remains viable only |