Hobbyists

The most innocent remarks often hide profound truths.  One of the regular commenters of Barataria recently confessed that trying to make sense of the world was a “major hobby” – a statement similar to what many of you have said over the years. Barataria itself is a hobby dedicated to the same basic principle – the world we live in takes some effort to make sense of.  Unsaid is the implication that the professionals that are supposed to be helping us in the process aren’t all that helpful.

As hobbies go, it might seem a bit strange.  Yet it’s easy to argue the flip side, namely that this should be the duty of every citizen of a Democratic Republic.  Certainly, there was a time not all that long ago when everyone who hoped to be called a Gentleman spent a lot of time connecting with people and connecting the dots of their world.

What is the role of hobbyists in an integrated world once defined by experts who may be falling down horribly?  The new world beyond this Depression might well be defined by hobbyists like us.  That’s where it gets interesting.

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People’s Voice

What makes a successful blog?  As a place where reader and writer come together and a connection sparks, interaction between people generally defines success for a blog.  When a stable community forms there’s definitely blogging gold.

Conventional wisdom insists there are only certain ways to achieve this.  Short snippets of text, lots of photos, links, techno talk, and highly personal content are supposed to be How It’s Done™.  But a quick glance at Minnesota based blogs shows that these “rules” are consistently broken among those with the highest interaction.  Somewhere in here is a definition of quality – or at least relevance to reader’s lives – that is not exactly what many blogging mavens would have you believe.

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Awfully Artificial

Words mean things, or so the saying goes.  Unfortunately, the world changes so words have to change.  That’s where it gets interesting.

English is an adaptable language that mutates easily.  The problem is that language is useful for both communication and identity, so people sometimes deliberately use a word in a different way to show what group they belong to.  There are also things that defy description.

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Value of Information

When the NY Times announced it was installing a complex paywall plan in April 2011, most internet mavens predicted failure.  Conventional wisdom has long told us that information is supposed to be free on the internet – despite the fact that this argument leads to the logical conclusion that the internet is literally worthless.  Brushing that aside, the NY Times hoped to gain 300k subscribers in its first year and show that there is indeed a value to quality information, possibly making it distinct from information as a commodity.

It worked.  In the first three months the NY Times achieved 224k subscribers directly, plus decent income in other areas that were not part of the standard they were to be judged by.  People will indeed pay for news on the internet.

The implications of this are potentially vast if we can learn from this experiment.

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Searching for Good News

This is a day for incredibly lousy economic news.  The US House failed to do its part to pass a debt ceiling increase, thus starting the serious phase of negotiations (given that finance bills must start in the House).  But even worse are the GDP figures for this year, showing a terribly anemic 1.3% annualized growth in GDP for the last quarter and an incredible downward revision to the first quarter of just 0.4%.  It would take unbelievable optimism to find something good in the news today.

Actually, the is something good.  Initial unemployment claims have fallen to a seasonally adjusted 398k, continuing a rapid drop over the last month.  What on earth can we make of that?  Maybe a lot.

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