Word: product
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...There are several varieties of this kind of innovation, and they go by different technical names. MIT professor Eric von Hippel calls one "end-user innovation," in which consumers actively modify a product to adapt it to their needs. In its short life, Twitter has been a hothouse of end-user innovation: the hashtag; searching; its 11,000 third-party applications; all those creative new uses of Twitter - some of them banal, some of them spam and some of them sublime. Think about the community invention of the @ reply. It took a service that was essentially a series of isolated...
This must have been an interesting pitch meeting: "We want the guy buying your product to also buy a pornographic magazine. A really nasty one. Then terrible things will happen to him, and he will be humiliated on national TV, and everyone will know that he - your consumer - is a total deviant...
...These reductions have been the product of planning for increasingly large budget cuts in the Houses. Earlier this semester, the College administration asked House Masters to model a one-percent budget cut as an exercise. But as the fiscal climate worsened, the exercise became more of a reality...
...finance and these tools, not less.”HARD TO STUDYWhile economists disagree over whether anyone could have predicted the snowball reactions of the financial markets, they acknowledge that such large and calamitous events are relatively unstudied.Some say the scant attention paid to market meltdowns was a natural product of their infrequency, despite their outsized ramifications. The last systemic market failure—the events precipitating the Great Depression—has been studied as a historical anomaly and not as a recurring event.But at the same time, economics as a field may be predisposed against forecasting the once...
...billion spending bill. After promising to end the Republican tenure of pork-barrel spending, these massive bills included titanic lists of pork projects. The projected budget deficit for the fiscal year 2009 grew to $1.8 trillion, or a shocking and nearly unprecedented 12.3 percent of our gross domestic product. They then proceeded to pass a new record-breaking $3.6 trillion budget for the upcoming year...