Author Jim Zellmer

Paris Time Lapse

via Eric Reagan:

Paul Richardson spent three weeks in Paris recently and tried to capture the city’s classic sights as well as the modern business side. While he captured some fantastic scenes, his editing really made this timelapse stand out.
 He spent three weeks shooting, followed by 5 weeks of editing the images and footage for a grand total of about 400 hours on this project. That is 2.5 hours for every second of this video, which was entirely self-funded an

On the Jaguar e-type

LJK Setright:

My elder daughter has just passed her 16th birthday, and she never notches up another year without recalling my original E-type Jaguar. A month before she was born, her mother was taken into hospital for observation; and on that same day the car was sent down from Coventry for me to test. I was on my own, free to go wherever I fancied and at whatever hour. To take me, I had the car that was the sensation of the early ‘60s, the car that, even two years after production had begun in 1961, could still turn more heads than a platoon of poachers in a poultry farm. It fitted like a glove, went like the wind, looked like a million dollars, and sold for a little more than a couple of thousand pounds. Even though it might be doomed in some hands to idle its life away in a top-gear London loiter, it carried about itself everywhere the immense and unquestioned authority of a car that was known to be capable of 150mph.
 It was time for me to fulfil a long-cherished ambition, to see the dawn from the top of Worcester Beacon, to watch the sun come upon the 12 counties within the purview of that loftiest of the Malvern Hills. From my home then in Hampton it was a moderately long drive, but it should not feel long, or take long in an E-type; and in any case I was free to set off whenever I liked.

Sugar: the evolution of a forbidden fruit

John Allemang:

weetness was meant to be irresistible.
 We are born with a sweet tooth. Babies drink in sugar with their mother’s milk. Sweetness represents an instant energy boost, a fuel that kept our ancestors going in a harsher world where taste buds evolved to distinguish health-giving ripeness and freshness from the dangers of bitter, sour, toxic foods. Sugar gives us drug-like pleasures – lab rats deprived of their sugar-water fix exhibit classic signs of withdrawal. When things are going well, we blissfully say, “Life is sweet.”
 And now sweetness is linked with death and disease. Sugars are themselves toxins, some researchers suggest, that cause obesity, diabetes, hyper- tension and Alzheimer’s disease. Sugar has joined salt and fat on the list of dietary evils. Governments and health experts are urging people to cut back their daily intake.

British Government Picks Illumina to Sequence 100,000 Genomes

Antonio Regaldo:

The British government says that it plans to hire the U.S. gene-sequencing company Illumina to sequence 100,000 human genomes in what is the largest national project to decode the DNA of a populace.
 In a regulatory filing with the U.S. Securities and Exchange Commission, Illumina said it had been picked as the “preferred partner” for the £100 million project.
 Genomics England confirmed that it had chosen the California company to carry out the sequencing project. “We’ve been through the ‘bake-off’ process to find the right company to do the sequencing, and will now be entering detailed negotiations,” says Vivienne Parry, a spokesperson for Genomics England.

How has Restaurant Behavior Changed in 10 years?

A New York Restraunt:

Like most restaurants in NYC we have a surveillance system, and unlike today where it’s a digital system, 10 years ago we still used special high capacity tapes to record all activity. At any given time we had 4 special Sony systems recording multiple cameras. We would store the footage for 90 days just in case we need it for something.
 The firm we hired suggested we locate some of the older tapes and analyze how the staff behaved 10 years ago versus how they behave now. We went down to our storage room but we couldn’t find any tapes at all.
 We did find the recording devices, and luckily for us, each device has 1 tape in it that we simply never removed when we upgraded to the new digital system.
 The date stamp on the old footage was Thursday July 1 2004, the restaurant was real busy that day. We loaded up the footage on a large size monitor, and next to it on a separate monitor loaded up the footage of Thursday July 3 2014, the amount of customers where only a bit more than 10 years prior.

The future photograph

Sam Gerstanzang:

When an expensive thing becomes free, new behaviors emerge. When a private thing becomes public, new behaviors emerge. Below, some thoughts on the swirling cloud of photographs that we are creating together.
 We are in the middle of a redefinition of what constituents value in a photograph. On one hand, photographs are cheaper, which should lower the received value necessary to justify the taking of the photograph. On the other hand, abundance creates scarcity of attention and we now have always-on instant access to the best photographs, which devalues the amateur. Going forward, personal photographs will have two purposes: 1) memory of personal circumstance and 2) personal expression. What kinds of photographs will be taken when we have perfect information? The future photographer will ask themselves, what are the odds that this picture, but better, doesn’t exist already?

Federal Reserve & Financial Bubbles

Jeffrey Snider:

The only way any of this makes sense is if you buy the primordial orthodox premise that monetary policy is neutral in the long run (or even intermediately). Taking that line will lead you to believe asset bubbles are just markets gone insane of their own accord. Then again, Yellen has largely been hostile to “markets” since her academic career brought some notice, so this is really no surprise. But to experience, right now, the repo market collateral shortage and QE’s direct impact and to still blame markets for lack of resilience is either inordinate impudence or targeted public relations.
 I cannot overstate this enough, the selloff last year was a desperate warning about the lack of resilience in credit and funding. That repo markets persist in that is, again, the opposite of the picture Janet Yellen is trying to clumsily fashion. Central banks cannot create that because their intrusion axiomatically alters the state of financial affairs, and they know this. It has always been the idea (“extend and pretend” among others) to do so with the expectation that economic growth would allow enough margin for error to go back and clean up these central bank alterations. That has never happened, and the modifications persist.

a Critique of Advertising Analytics

Ken Segall:

Ace Metrix sells marketing analytics software and competitive comparisons. Their findings generate stories, which at the same time generate PR for Ace. An excellent way to build “the new standard” in analytics.
 But what exactly is the “Ace Score” of which they speak? If you have the stomach, read on.
 Exposing each ad to 500 people, Ace calibrates creative effectiveness by two key measures — Persuasion and Watchability. In their own words:
 “The Persuasion rating is based on the interactivity of six data elements – Desire, Relevance, Likeability, Attention, Information and Change – automatically captured and analyzed for each ad. Watchability measures the engagement that a person has with the ad. Watchability and Persuasion interact to create the Ace Score.”
 This is the kind of language that gives talented people nightmares, because it often gives ammunition to people who aren’t particularly good at judging creative work.
 I get that a lot of companies feel compelled to subject their ads to deep analysis. But — would you like to know how Steve Jobs analyzed an ad? He looked at it and said “I like it” or “I don’t like it.” After it ran, he gauged the reactions to it.
 Ace’s type of analysis is the reason why so many companies, usually the bigger ones, begin to churn out drivel. They get more concerned with ratcheting up their “six data elements” than creating great ads.
 Steve didn’t tolerate that kind of thinking. Apple’s history of great advertising is the validation of his approach.

Moaning Moguls

James Surowiecki:

The past few years have been very good to Stephen Schwarzman, the chairman and C.E.O. of the Blackstone Group, the giant private-equity firm. His industry, which relies on borrowed money, has benefitted from low interest rates, and the stock-market boom has given his firm great opportunities to cash out investments. Schwarzman is now worth more than ten billion dollars. You wouldn’t think he’d have much to complain about. But, to hear him tell it, he’s beset by a meddlesome, tax-happy government and a whiny, envious populace. He recently grumbled that the U.S. middle class has taken to “blaming wealthy people” for its problems. Previously, he has said that it might be good to raise income taxes on the poor so they had “skin in the game,” and that proposals to repeal the carried-interest tax loophole—from which he personally benefits—were akin to the German invasion of Poland.

The IPO is dying. Marc Andreessen explains why

Timothy Lee:

This is so powerful in the conventional wisdom right now. I love the Daily Show like everyone else does. But literally [Jon Stewart's] answer to every issue is Congress should pass a law. [People think you can] solve any problem by passing enough laws.
 I don’t see the world getting less dramatic. I don’t see the world calming down.
 The loop we’re in now is that people are getting upset and disappointed by the stock market. There are no growth stocks, which means there’s no growth. Stock market returns have been weak for 15 years, which is exactly what you’d expect if you took all the growth out. Everyone is upset the stock market isn’t performing. The worse the results get, the more regulation you get. It’s in its own kind of doom loop. Unless something happens to shock the system a lot, our assumption is it gets worse, not better.