Category: Money

Money by Joe WilcoxApr 14, 20155:03 pm

What Sucks about .Sucks Domains

As someone whose name also is his brand (welcome to 21st-century journalism), I watch with interest the new .sucks top-level domain, which is available for select preregistration through May 29—the only time to surely secure your .sucks. Yesterday, i looked to a reputable registrar to see what joewilcox.sucks would cost me. Cough, cough: $3,797.99 now, during the so-called Priority Access (e.g., Sunrise) period, or $407.98 when general pre-reg starts in June.

The new TLD is just one among hundreds of available or forthcoming domain extensions sanctioned by governing body ICANN. “I think the motivation behind the release of all these new domains is money”, says Roger Kay, who describes the sellers as shady land speculators. “The .sucks domain is particularly nasty”, the president of consultancy Endpoint Technologies Associates emphasizes. “It’s pretty close to blackmail”. But is it really? This analysis means to help you decide.

Apple by Joe WilcoxMar 25, 20155:10 pm

You Could Buy So Much More Than Apple Watch

As Apple Watch hype increases and the preorder date (April 10) approaches, a question gnaws me: Why would anyone spend so much money on the device? A buying poll I posted on BetaNews now exceeds 1,000 responses, which is large enough sample-size to get some sense of the readership’s intentions. Two percent of respondents—that’s 14 people—plan to buy the Edition model, which price ranges from $10,000 to $17,000. No disrespect, but talk about money to burn! Forty-five percent of respondents plan to purchase any Apple Watch, while another 5 percent of you are undecided.

So I wonder: What could you buy instead of Apple Watch? I intentionally single out the big spenders, settling on $13,000 as mean between $10K and $17K, being it’s such a lucky number and Apple looks to make lots of luck—eh, money—from the smartwatch. Before continuing, an important reminder: Functionally, there is no difference between the cheapo timepiece ($349) and its massively-expensive sibling. The price difference is all bling.

Responsibility by Joe WilcoxFeb 2, 20154:48 pm

Perpetual Prosperity Psychology and the Housing Bubble

Something about the housing bubble narrative bugs me: Conspiracy. Evil bankers conspired to bilk Americans by financing home loans to people who could never pay, to then repackage bad mortgages as good investment products. While I lauded Matt Taibbi news analyses in 2010 and 2013 for exposing financial institution malfeasance, the blame game always seemed to ignore one other party’s culpability: Borrowers.

New research paper “Changes in Buyer Composition and the Expansion of Credit During the Boom” is a fascinating post-bubble autopsy. Its conclusions, if they survive the test, rewrite the bubble narrative, which revision makes more sense to me.

News Media by Joe WilcoxJan 8, 20152:39 pm

Should I Kickstarter?

Warning: One word repeatedly used in this post will offend some people. I’m not one of them, and presumably neither is the main audience for what I propose.

Since August 2014, after acquiring domain journalism.wtf, I have pondered but not acted on launching a site that spotlights the worst—and occasionally the best—online news gathering. The question: Is there really a market for such a thing, and one that would assure financial sustainability? You can help me decide whether to proceed, and I anticipate most responses will come via social networks rather than comments on my personal site.

Photo by Joe WilcoxJan 8, 20157:08 am

Flickr a Day 8: Abandoned

Ontario, Canada-based Freaktography describes himself as a “self-taught photographer” whose current passion is “urban exploring”, which includes places abandoned—and it’s searching for the word on Flickr that reveals this photo among others.

I confess to being totally captivated by abandoned buildings, exploring them, and wondering what secrets they might reveal about the people who lived or worked within. Mr. Freaktography captures some amazing abandoned places, including an asylum, church (on an Indian reservation), and power plant.

According to the EXIF data, he shot this photo on March 12, 2014, using a Nikon D3200. Vitals: f/4, ISO 100, 1/3 sec, 18mm. Image is by no means Freaktography’s best work, but the story behind it is amazing, as he explains in “Abandoned House of Treasures“.

Living by Joe WilcoxDec 27, 201411:01 am

Who Should Get This Found Money?

Two days before Christmas, I sat in the local coffee shop waiting to meet someone who was late. Way late. Bored, I switched between cleaning crap mail out of my iPhone 6 inbox and watching patrons. Looking up from a text message, I spotted something green under a chair about 5 meters away. I walked over and picked up unexpected cash, and an amount someone surely would miss. What to do with it?

Found money is a blessing if you need it, but a curse to the loser. This particular WiFi-equipped barista bar, LeStat’s on Park, is popular with college students. I imagined some impoverished, scholarshiper losing the last of his or her Christmas cash, and I wanted to return it. But how? To whom? You can help answer the latter question, either here or on one of the social networks where I will link. This post is plea for advice.

Money by Joe WilcoxDec 9, 20149:21 am

What Next? Price Negotiations at Walmart Checkout?

One Geico Insurance commercial claims that “auctioneers make bad grocery clerks“. Strange if bidding is soon the norm in big-brand retail, but one-on-one. Today, Amazon announced something surprising: “Make Me an Offer“, where buyers can negotiate prices with sellers. I do not jest. Seriously. As if Amazon prices aren’t insanely low enough.

The web retailing giant claims 150,000 items in the program, which isn’t about auctions, since all negotiations are solely between buyer and seller. From my quick review, Amazon chooses wisely. The majority of items I see are those where pricing could be, perhaps should be, considered more arbitrary, like artwork, memorabilia, and other collectibles.

Money by Joe WilcoxNov 27, 20147:40 pm

Google, Give Thanks!

It wouldn’t be U.S. Thanksgiving without my writing about gratitude, and why some tech company’s executives, employees, and partners should prostrate and pray “Thanks”.

This year I to Google, which continues a great run that started with Larry Page’s return as CEO in April 2011. If he’s not all smiles this Turkey Day, someone should slap that man aside the head. I could tick off a hundred things for which he should give thanks. For brevity’s sake, so you can get back to the big game and bigger bird, I select some things that might not come to mind.

Living by Joe WilcoxNov 16, 201411:02 am

Someone Wake Me From This Nightmare of Black Friday Sales Gluttony

Cough. Choke. Collapse. That’s me nearly needing the Heimlich maneuver during breakfast while looking over Samsung Black Friday deals. You can preorder them. Seriously. What the frak is that?

The routine started all so innocently. Samsung sent a promo email, and I curiously clicked the picture of a Chromebook and “Reserve Computing Deals”. You can, today—as in right this very minute—preorder either Samsung Chromebook 2 for assured savings ($20 or $50) between November 27 and December 1 for one and until the 27th for the other. I understand that Black Friday is late-month this year, but, c`mon, beat me with a sack of cash, sales preorders?

Responsibility by Joe WilcoxNov 7, 20144:14 pm

My Uninsured Life

I am supposed to be sitting in a movie theater watching Interstellar. The plan was in place for months. Instead, I write this post, which is commentary on health insurance in America. The two things are strangely connected, if in this or any other universe such seemingly disparate relationships are random. What’s that saying about a butterfly flapping its wings?

Here’s a nut graph, so you can decide whether to read further or stop here: America’s healthcare system is broken. Free-market forces cannot work. The 1945 McCarran-Ferguson Act laid the framework for healthcare monopolies, which nearly 70 years later act like cartels, in defiance of the 1890 Sherman Antitrust Act. The Affordable Care Act raises healthcare costs, while managing the monopolies rather than eliminating them. As such, the free-market forces that should stimulate competition and drive down prices are stymied.

Living by Joe WilcoxOct 16, 20147:27 pm

The Underemployment Crisis

When I worked as an analyst for Jupiter Research a decade ago, the editorial philosophy was “data-driven analysis”. But sometimes single stories—one or a few individuals—define a trend. That’s my renewed feeling today meeting Tim in the alley behind our apartment.

I measure San Diego’s economy, and in some respects that of America, by the people who dumpster dive our alley. We moved to the city seven years ago yesterday and were taken aback by the number of people who pull redeemable bottles and cans from recycle and trash bins. But the collectors’ character changed in 2009, following the financial crisis of late 2008. No longer did we see just clearly weather-worn homeless, but paler and better-dressed folks not long laid off from office jobs. Professionals.

Living by Joe WilcoxSep 8, 20149:56 am

Amazon Sale is ‘Predictably Irrational’

I can’t stop chuckling over one of Amazon’s many marketing sleight-of-hands today. I awoke to email promoting a one-day sale and “up to 60-percent off select SanDisk products”. Heck, my BetaNews colleague Wayne Williams even wrote a news story. But based on my recent experience buying a “SanDisk Ultra 64GB MicroSDXC Class 10 UHS Memory Card” I wonder about all the savings.

I purchased the card on July 2nd for $34.99. For the one-day sale, Amazon sells the same card for a dollar more, although a newer version (e.g., refreshed packaging and SKU) is available for $31.99. Amazon claims 64 percent and 51 percent savings—$64 and $33—respectively.