Sunday, January 13, 2013

Oddly Relevant Jan-13-2013


Why writing with our hands is still important: perhaps when it comes to productivity, we need more than apps. Writing stimulates a bunch of cells at the base of the brain called the reticular activating system (RAS). The RAS acts as a filter for everything your brain needs to process, giving more importance to the stuff that you're actively focusing on at the moment—something that the physical act of writing brings to the forefront. [Note: smells like pseudo-science to me; but I agree to some extent—I do focus better reading paper material and writing things down]…Source: http://readwrite.com/2013/01/11/why-writing-with-our-hands-is-still-important

When a kg is no longer a kilogram: Back in the days, the British gained control of time (that’s why hour, minute, and second are calibrated through Greenwich), and the French annexed length and mass—where meter was distance between 2 scratches on a bar composed of a special alloy of platinum and iridium, and kg was the weight of a lump of similar alloy. Time moved on to caesium atom clocks and light-meter-measured distances, but the name convention remained. What’s odd, is that over the years the standard kg has put on weight, or possibly lost it—and the scientific community is seeking a more accurate way of measurement. [Note: The unit of weight in the metric system is not ONLY relative to the lump of metal sitting in the Parisian museum. It is also relative to water. 1 cubic metre of pure fresh water at sea level weighs 1000kg. Stripping this down, 1 liter weighs 1 kilogram. You can try this on your kitchen scales]…Source: http://www.economist.com/news/leaders/21569417-kilogram-it-seems-no-longer-kilogram-paris-worth-mass/comments#comments

Wads of cash squeeze bank margins: Typically with loan-to-deposit ratio close to 90%+, many banks now have it linger at around 70%. Mostly due to lack of credit-worthy borrowers at a time of soft employment growth and stagnant income. [Note: And they can afford to be cautious thanks to low interest rates]…Source: http://online.wsj.com/article/SB10001424127887324581504578233650100037048.html

Oacktree’s 2013 memo to its clients: (1) a cycle is a chain reaction through a sequence of positive and negative events; (2) much of the risk in investing comes from behavior of investors, and the riskiest thing is the belief that there is no risk; (3) chase yield consciously with full recognition of the risks involved; (4) The investors’ scramble for return has brought elements of pre-crisis behavior very much back to life. [Note: it is indeed remarkable that the average HY bond offers only about 6% today]…Source: http://www.oaktreecapital.com/MemoTree/Ditto.pdf

How Airlines extract $6 billion in fees from Americans:  (1) Delta and US Airways are the worst. Maybe you knew that already. (2) But don't be too hard on them. Generally speaking, the airlines that fly the furthest have the most fees, since people are much more likely to check bags and pay more per ticket for international flights. (3) Airlines with mostly domestic routes have the fewest fees, for the same reason. [Note: Southwest is probably the most profitable with the least fees.hmm]…Source: http://www.theatlantic.com/business/archive/2013/01/thats-how-they-getcha-airlines-extract-6-billion-in-fees-from-americans/267034/

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