2014: The Unlocking

Csen:

Nothing like driving around your community for the first time in 2 days after an epic city shutdown and seeing abandoned cars still on the road to make you think about velocity increasing after a freeze.
 
 The first month of the year has been a tumultuous one for financial markets. Emerging markets have taken a tumble (see “This Water Lives In Mombasa”). Brick-and-mortar retailers like Best Buy, Gamestop, and Target have gotten blasted. Yet last night, Facebook reported stellar earnings and its stock sits at an all-time high, as mobile has gone from 0% of its revenues before its IPO to 53% of its revenues today. What we’re witnessing is the breaking down of stability (see “The Trouble With Stability”).
 
 Now that we’re almost 5 and a half years after the fall of Lehman Brothers, there’s been much talk about how far along in the recovery we are, from housing to labor to government finances. But that word, “recovery,” is dangerous, because it implies that we’re simply putting something back where it was before. While some economic actors were destroyed by 2008, others adjusted to what they believed to be a new normal. They cut costs and aggressively managed inventory. Instead of investing profits into new ventures they plowed it into stock buybacks. Others responded to low interest rates by leveraging low yielding positions, or playing a carry in higher yielding emerging markets.

On Fonts: Typeset in the future

Dave Addey:

2001: A Space Odyssey – Stanley Kubrick’s 1968 sci-fi masterpiece – seems an appropriate place to start a blog about typography in sci-fi. Amongst other delights, it offers a zero-gravity toilet, emergency resuscitations, exploding bolts, and product placement aplenty. It’s also the Ur Example of Eurostile Bold Extended’s regular appearance in spacecraft user interfaces.
 
 Right from the opening scene, we’re treated to Kubrick’s love of bold, clean, sans-serif typography:

F.B.I. Audit of Database That Indexes DNA Finds Errors in Profiles

Joseph Goldstein:

The Federal Bureau of Investigation, in a review of a national DNA database, has identified nearly 170 profiles that probably contain errors, some the result of handwriting mistakes or interpretation errors by lab technicians, while New York State authorities have turned up mistakes in DNA profiles in New York’s database.
 
 The discoveries, submitted by the New York City medical examiner’s office to a state oversight panel, show that the capacity for human error is ever-present, even when it comes to the analysis of DNA evidence, which can take on an aura of infallibility in court, defense lawyers and scientists said.
 
 The errors identified so far implicate only a tiny fraction of the total DNA profiles in the national database, which holds nearly 13 million profiles, more than 12 million from convicts and suspects, and an additional 527,000 from crime scenes. Still, the disclosure of scores of mistaken DNA profiles at once appears to be unprecedented, scientists said.

The politics of fear

Peter Ludlow:

However, since 9/11 leaders of both political parties in the United States have sought to consolidate power by leaning not just on the danger of a terrorist attack, but on the fact that the possible perpetrators are frightening individuals who are not like us. As President George W. Bush put it before a joint session of Congress in 2001: “They hate our freedoms: our freedom of religion, our freedom of speech, our freedom to vote and assemble and disagree with each other.” Last year President Obama brought the enemy closer to home, arguing in a speech at the National Defense University that “we face a real threat from radicalized individuals here in the United States” — radicalized individuals who were “deranged or alienated individuals ­- often U.S. citizens or legal residents.”
 
 The Bush fear-peddling is usually considered the more extreme, but is it? The Obama formulation puts the “radicalized individuals” in our midst. They could be American citizens or legal residents. And the subtext is that if we want to catch them we need to start looking within. The other is among us. The pretext for the surveillance state is thus established.

On Bitcoin

Marc Andreessen:

A third fascinating use case for Bitcoin is micropayments, or ultrasmall payments. Micropayments have never been feasible, despite 20 years of attempts, because it is not cost effective to run small payments (think $1 and below, down to pennies or fractions of a penny) through the existing credit/debit and banking systems. The fee structure of those systems makes that nonviable.
 
 All of a sudden, with Bitcoin, that’s trivially easy. Bitcoins have the nifty property of infinite divisibility: currently down to eight decimal places after the dot, but more in the future. So you can specify an arbitrarily small amount of money, like a thousandth of a penny, and send it to anyone in the world for free or near-free.

Business Partners Fighting Over Fonts

The Economist:

ON DARK evenings in late 1916, a frail 76-year-old man could often be seen shuffling furtively between The Dove, a pub in west London, and the green and gold turrets of Hammersmith Bridge. Passers-by paid no attention, for there was nothing about Thomas Cobden-Sanderson’s nightly walks to suggest that he was undertaking a peculiar and criminal act of destruction.
 
 Between August 1916 and January 1917 Cobden-Sanderson, a printer and bookbinder, dropped more than a tonne of metal printing type from the west side of the bridge. He made around 170 trips in all from his bindery beside the pub, a distance of about half a mile, and always after dusk. At the start he hurled whole pages of type into the river; later he threw it like bird seed from his pockets. Then he found a small wooden box with a sliding lid, for which he made a handle out of tape—perfect for sprinkling the pieces into the water, and not too suspicious to bystanders.
 
 Those tiny metal slugs belonged to a font of type used exclusively by the Doves Press, a printer of fine books that Cobden-Sanderson had co-founded 16 years earlier. The type was not his to destroy, so he concealed his trips from his friends and family and dropped his packages only when passing traffic would drown out the splash. There were slip-ups, all the same. One evening he nearly struck a boatman, whose vessel shot out unexpectedly from under the bridge. Another night he threw two cases of type short of the water. They landed on the pier below, out of reach but in plain sight. After sleepless nights he determined to retrieve them by boat, but they eventually washed away. After that he was more careful.

And, today: Tobias Frere-Jones Is Suing Jonathan Hoefler, via Daring Fireball

Detroit motor show: how the US youth fell out of love with car culture The under-35s are driving less and less, a problem that America’s automobile industry is desperate to find a solution to

Dominic Rushie:

As the world’s car industry leaders head to the gargantuan Detroit annual motor show this week, many of them will be in the most upbeat mood for years. Sales are back, the car companies are all making profits. But having weathered the worst recession in living memory a big black cloud still hangs above – young people aren’t buying.
 
 Car and youth culture synched gears decisively in 1955. That was when James Dean played chicken in a black Ford Super De Luxe in Rebel Without a Cause. But more recently the love affair between youth and wheels seems to have broken.
 
 New car purchases by those aged 18-34 dropped by 30% in the US between 2007 and 2012, according to the car shopping website Edmunds.com. Many American under-35s are now not even getting their licence. Given that so called “millennials” – those born between 1983 and 2000 – are now the largest generation in the US, the trend is worrying car firms.
 
 Meanwhile the number of miles driven by Americans each year has also started to drop –they now drive fewer miles per capita than at the end of Bill Clinton’s first term, according to a report released last year by US PIRG Education Fund. And the age group showing the biggest decline? Those aged 16 to 34, who drove 23% fewer miles on average in 2009 than in 2001.