Ed. Note: Boing Boing's current guestblogger Clay Shirky is the author of Here Comes Everybody: The Power of Organizing Without Organizations. He teaches at the Interactive Telecommunications Program at NYU, where he works on the overlap of social and technological networks.
This is a graphic of the Standard and Poor's stock index's annual returns, placing every year since 1825 in a column of returns from -50% to +60%. As you can see, it is a rough bell curve, with 45 of those 185 years falling in the +0-10% column. There are only 5 years each in the 40-50% and 50-60% return columns, and, through 2007, there were only one year each in the -31-40% and -41-50% columns. You can see where 2008 to date falls.
(UPDATED: From DailyKos, via Greg Mankiw.)
Facebook gets a bad rap, but where I live, it has brought neighbors together, and it started because of the things I didn’t want to share.
When the Congressional Science committee wants to talk about the cold weather, and when NASA has to defend their budget by explaining why NASA is important, it can make people who believe in facts… a bit tense.
Acting is a crappy business, but the world needs actors, and since we live in a time when digital production and distribution has democratized filmmaking, anyone can be a casting director. Exhibit A is a new tumblr, Casting Call Woes, which has netted a foul-smelling collection of ripe ones from the sea of DIY casting […]
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These knitted gloves are here to save the day (and your hands) with an ultra-comfy, double-layer that will allow you to stay warm and use your phone. Now you can take photos on the fly, text, Tinder, and more without letting freezing temperatures get in your way. Plus they work with all touchscreens, so no […]