Consumer cord-cutting is a looming threat, not a current reality, but without prospects for growth, cable companies and programmers will continue to robotically raise rates, blaming one another as they go and deepening consumer antipathy that will eventually come home to roost. Netflix would do well in that new world. It already is doing so.
A some-what related read on the modern TV ecosystem and the "Cable Sports Bubble":
"[Cable TV] might be the world’s greatest business model — in what other field do millions of people who neither use nor care about a product still have to pay for it as if they were, you know, customers?”
And that’s exactly why I cut the cord 3 years ago and haven’t looked back.
Hans Zimmer’s studio, "modeled on the interior of a turn-of-the-century Viennese brothel."
(via reddit AMA)
So long, San Onofre nuclear plant
One of the two nuclear power plants in California, the San Onofre plant near San Clemente will be shut down for financial reasons, with an intimidating series of hearings looming ahead should owner Edison International have decided to re-open the plant.
So what happened to cause the plant’s closure for good?
The coastal plant near San Clemente once supplied power to about 1.4 million homes in Southern California but has been shuttered since January 2012 when a tube in its newly replaced steam generators leaked a small amount of radioactive steam, leading to the discovery that the tubes were wearing down at an unusual rate.
The plant has been in limbo since that discovery. And while environmental advocates are cheering the closure, more than 1,100 will still be losing their jobs as a result of the permanent shut-down.
Read more over at L.A. Now
Sure I’m using the new-fangled, gesture-ific Wake, but I can’t help but want this behemoth on my nightstand.
"Dear Class of ‘13: You’ve been scammed"
Consider this: You have just paid about three times as much for your degree as did someone graduating 30 years ago. That’s in constant dollars — in other words, after accounting for inflation. There is no evidence that you have received a degree three times as good. Some would wonder if you have received a degree even one times as good.
According to the College Board, in 1983 a typical private American university managed to provide a bachelor’s-degree-level education to young people just like you for $11,000 a year in tuition and fees. That’s in 2012 dollars.
Instead, those of you at private colleges paid this year an average of $29,000.
- "A Generation Hobbled by the Soaring Cost of College" from The New York Times, May 2012
- "We’re in a Bubble and It’s Not the Internet. It’s Higher Education." from TechCrunch, April 2011
- "Debt by Degrees" from The New Yorker, November 2011