"Take a typical Bain transaction involving an Indiana-based company called American Pad and Paper. Bain bought Ampad in 1992 for just $5 million, financing the rest of the deal with borrowed cash. Within three years, Ampad was paying $60 million in annual debt payments, plus an additional $7 million in management fees. A year later, Bain led Ampad to go public, cashed out about $50 million in stock for itself and its investors, charged the firm $2 million for arranging the IPO and pocketed another $5 million in "management" fees. Ampad wound up going bankrupt, and hundreds of workers lost their jobs, but Bain and Romney weren’t crying: They’d made more than $100 million on a $5 million investment."
Equation for Deciding if You Want to Get a Free Pizza at Punch
How much do you make per hour? This is A. How many minutes do you spend waiting in line for a free Punch pizza (value ~$10)? This is B. How much stress do you experience being in a gigantic line for pizza, on a scale of 1 (no problem) to 3 (annoying)? This is C.
A x (B/60) x C = X
X = Amount of time and stress you expend, converted to money
Let’s say you make $17/hour. Multiply that by the .75 hours you spend waiting for your pizza. That’s $12.75, according to how much your time is worth. Let’s say it’s kind of annoying to wait in line for Punch pizza, a level 2. That’s $25.50. If this amount is over the value of the pizza, don’t do it.
“In the 1690s the Chinese mixed a concoction of pickled fish and spices and called it (in the Amoy dialect) kôe-chiap or kê-chiap (鮭汁, Mandarin guī zhī) meaning the brine of pickled fish (鮭, carp; 汁, juice) or shellfish." - wikipedia
The Awl/ Hairpin: A place where everything on the internet is spun through good writing. Must be able to read tone to ‘get it.’ Seems like rehab after Gawker. Everybody crushes Edith Zimmerman/ relates to boozy Awl writers.
Thought Catalog: At first was Helvetica-clad place for avant-garde MuuMuu House takes on lifestyle blogging, now a grab-bag of heart-on-sleeve, populist self-exploration.
xoJane: Secret sauna where girls talk about stuff like whether or not butt sex hurts.
Hello Giggles: Tween-ish glee infused into blog posts that seem blissfully unaware of other lifestyle sites (although to be fair, haven’t really read much Hello Giggles for a long time).
Buzzfeed: Seems like another Gawker rehab site staffed by the kind of people who agree that movies should not be longer than the capacity of the human bladder after sucking down a large theater soda.
I’m only doing this because I wonder what The Tangential’s ‘vibe’ is amongst other lifestyle sites. It’s hard to know from the inside out.
also, by gawker rehab i mean a site that seems to present a longer career for people who started at gawker, may or may not have gotten burnt out and formed counter-theories on creative content/ getting mad hits online.
Journalism has always been about speed and precision, but as the place for that has shifted from stories to blog posts and now social media, Smith said journalists have to be more creative in the ways they deliver vital information. They also have to make better decisions. Living and writing in the current news environment means calculating the costs and benefits of working on a “second-rate aggregated version of what someone wrote 20 minutes ago,” versus pursuing an original story, Smith said.
“I feel in general the 800-1,200 word form of the news article is broken,” he said. “You don’t see people sharing those kind of stories.” Smith’s talking about those daily stories that only seem to provide two paragraphs of new information layered on top of several inches of context. Nothing wrong with context, but explanatory journalism now comes in different forms, not just at the tail end of a story.
The problem lies with the delivery, design, and presentation of stories, he said. Think about the structure of wire stories. Most reporters are taught to put old information, the background stuff, at the bottom of stories, thus leaving room for copy editors to lop things off if necessary. But that assumes two things: The value of longer stories and readers ability to keep reading something once they get past new information.
i can’t get sick of buzzfeed’s buzzy articles because they seem self-aware in their buzziness and also they don’t cattily criticize competing publications for ‘mad hit grabbing’ because that’s really what everyone is doing right?
1. Abandon the cultural myth that all female friendships must be toxic, bitchy or competitive. This myth is like heels and purses—pretty but designed to SLOW women down.
1A. This is not to say women aren’t bitches or toxic or competitive sometimes but rather to say that these are not defining…
I was going to write something like this recently. Point to add - girls who are good at ‘girl friendships’ admire rather than envy their friends’ sexiness. When you grow up you realize that your boyfriend won’t be like, “Wait a minute, your friend looks better in a tube top than you. I’m jumping ship!” 8th grade guys might think this way but for real that goes away hopefully by the time guys are 16.