The Credit Crisis Explained
People who’ve been taught by me in the past know I’m a huge fan of using icons and graphical representations in video and animation to try and find new ways to make fairly complex things simple enough to be accessible. Thus it would be irresponsible of me not to post this wonderful video from Jonathan Jarvis which explains the reasons behind the current Crisis of Credit. Sure, Jarvis has had to simplify a bit (and perhaps rely a little too much on stereotypes to show a ‘sub-prime family’!) but overall I thought this was really impressive. I also understand a few things about the current Credit Crisis more than I did before! 🙂
Annotated Digital Culture Links: February 20th 2009
Links for February 17th 2009 through February 20th 2009:
- 4chan /b/ goes after cat abusers, wins [Inquisitr] – “A video of two men abusing a cat surfaced on YouTube late last week, and members of /b/ took it upon themselves to bring the sickos to justice. The video was quickly narrowed down to prime suspects, primarily through the help of /b/, and local authorities arrested the men. Many have been quick to criticize /b/ in the past, but today at least you can’t doubt one thing: they love cats.” (While this doesn’t suddenly make /b/ a haven of good will and public mindedness, it does show that with the proper motivation 4chan can be a powerful force!)
- Macroanonymous Is The New Microfamous [Fimoculous.com] – “…I interviewed the founder of 4chan for a magazine story that never ended up running. He chatted about everything from the techincal complexities of keeping 4chan alive to the anxieties of operating the most controversial site on the internet. By the end of the interview, I was thinking “This kid has seen stuff that would make my eyes burn, but he seems so smart and sweet about it all.” (He started the site when he was 15; he just turned 21.) It seemed like insightful stuff that should run somewhere, so here it is….”
- Whisper campaigns exposed: pay per lie on YouTube [The Age] – “One of Australia’s most popular YouTube users has admitted being paid to spruik Ten’s new show Lie To Me surreptitiously in the latest example of marketers invading the popular video sharing site. Amateur video maker Hugh Thomas, 26, from Bondi, said he was asked by a mystery third party to create a video blog on Lie To Me and publish it on his popular YouTube channel, in return for payment from 20th Century Fox. He would not give more details of the whisper campaign, saying he was bound by a non-disclosure agreement.”
Frikkin Laser Beams
I’m in Hong Kong at the moment, teaching up here for a week, and, as every time I’m here I find the mixture of old traditions, new technologies and unbridled capitalism both fascinating and repelling at the same time. That said, I’m always a sucker for a good light show, and Hong Kong’s Symphony of Light is always well worth catching; and while the winter fog and mists obscure parts of the city, they’re an excellent medium to bounce spotlights and lasers off! I’ve captured a few long exposure shots from last night’s Symphony which, if you’re interested, you can see mixed in with some other night cityscape shots here.
Annotated Digital Culture Links: February 16th 2009
Links for February 9th 2009 through February 16th 2009:
- Vigilantes publish alleged arsonist’s image online [The Age] – “Facebook vigilantes, frustrated at a court order protecting a man charged with lighting one of the deadly Victorian bushfires, which killed at least 11 people, have published his photograph and address on the social networking site and threatened his life. The move potentially breaches an order suppressing his image and address amid fears of a violent backlash by angry victims. Victoria Police has contacted Facebook seeking the removal of the details and urged people to let police do their job. This morning the suppression order on naming the man, Brendan Sokaluk, 39, was lifted, but the order remains in place on publishing his street address or his image. At least two Facebook groups have been created to name and shame the alleged arsonist, and thousands of Facebook users have joined them. Membership is growing rapidly as word spreads.” (While I completely understand people’s anger, this sort of social networking lynch mob mentality is really quite dangerous.)
- Fair Use Held Hostage by ABC-Disney [Just TV] – Jason Mittell’s tale of how aquiring copyright permission from ABC/Disney for a cover image for his new book, Television and American Cuture, became a debacle with Disney refusing to license the cover image unless the publishers licensed every internal Disney image – something that should be covered by fair use – but with the book already at the printers, the publishers gave into Disney’s demands. As Mittell notes, Disney are legally able to do this, but it’s a bit of a slap in the face for fair and educational uses.
- Murdoch looks for new ways to monetise MySpace traffic [The Age] – “”Rupert Murodch has delivered a sobering assessment about the internet as a growth engine, revealing search and advertising revenues at News Corp’s Fox Interactive Media division – which houses the popular MySpace networking site – have stalled. The new-media unit, which has invested heavily to expand MySpace, contributed just $US7 million ($10.4 million) to News Corp’s $US818 million second-quarter operating income, the company said on Friday. There was a “slight downturn” in revenue at the social networking site, Mr Murdoch said. That compares to $US179 million News Corp made from newspapers including The Wall Street Journal and information services such as the Dow Jones news wire. Asked about his views on the long-term viability of the internet, Mr Murdoch said generating a return on investment for assets such as MySpace, which News Corp bought for $US580 million in 2005, was still a challenge. “I think we have to find new ways to monetise our huge audiences,” he told analysts.”
The Victorian Bushfires
Normally when historic disasters strike I end up collating the various instances of people using social software and other participatory cultural tools to engage with that event and blogging about that; however, it’s also true that these events tend to be sufficiently far removed from my immediate experience to seem at least a bit distant and abstract. However, the horrific bushfires which have swept across Victoria do not seem distant in any way.
While Victoria is on the other side of the country from Perth where I live, the threat of bushfires are serious for most Australians during the harsh summer heat. Moreover, for whatever reason, many friends and colleagues from Perth have relocated to Melbourne and other bits of Victoria over the last few years – I sometimes wonder if there are more Perthies there than here. Thus I can only describe the news of the past few days of fire after fire after fire as gut-wrenching. No one I know personally has perished, but I know people who’ve lost homes. More to the point, this is a national disaster and a national tragedy; more than 200 people are estimated to have died in a manner I simply cannot imagine. The TV news for the past few days has showed horrific scenes of devastation, crying survivors who all know someone who perished, and images that have no place outside existing except as a special effect in a dystopian end-of-the-world feature film. Amongst this overwhelming imagery, I found that Adrian Miles’ post – Fire – reminded me how personal and close these fires were for so many people, their effects broad-reaching and upsetting in a multitude of ways. (If you really want to look at the social software side, the Wikipedia article ‘2009 Victorian Bushfires’ is growing rapidly, while Asher Moses has a predictable summary – ‘Social media rush as Victorian bushfires rage’ – over at The Age.)
For now, though, the most important thing is to try and help the survivors rebuild, help the injured recover, and help where we can. So, if you can, please consider donating to the Red Cross Victorian Bushfires 2009 appeal.
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