Last fall, Marco Arment launched a general interest magazine. It’s called, aptly enough, The Magazine. Writers are paid $800 per article. There are no ads. Until recently, it was available only via iPhones and iPads. Astonishingly, it’s already turning a profit.
Arment walked me through the numbers. He has 25,000 subscribers who pay $1.99 a month. Apple takes a 30 percent cut, leaving Arment about $35,000 a month.
– How To Start A Magazine (And Make A Profit)
The future of journalism is a constant topic on the internet, just today people in my Twitter stream debated writers being compensated with “exposure”. In that context I find it notable that someone without a background in publishing was able to start a new publication that seems to be paying writers well and is already profitable. Of course it could be that The Magazine has only found a nice niche and this won’t scale, but it’s certainly too early to tell and I hope Marco keeps sharing some meaningful numbers in the future.
What I’ve been reading lately – Robots, Wealth, Inequality, Risk
I’m reading a lot these days and if I find something insightful, interesting or that contains new-to-me ideas, I usually recommend it on Twitter. However I feel it’s too fleeting of a platform for this. Quote.fm, which was originally intended to solve this problem, unfortunately isn’t seeing much traction and development lately. So I’m going to use Tumblr instead; this blog was in need for some fresh content for way too long anyway.
A lot of what I read these days is in one way or another about how the future might look like. One big, popular theme lately (both in tech as well as economic publications) is the rise of the robots and how automation will impact our economy and social structures, often also discussed as “capital-biased technological change”.
Noah Smith in The Atlantic with a few ideas on how to deal with the shift from labor to capital:
The big question is: What do we do if and when our old mechanisms for coping with inequality break down? If the “endowment of human capital” with which people are born gets less and less valuable, we’ll get closer and closer to that Econ 101 example of a world in which the capital owners get everything. A society with cheap robot labor would be an incredibly prosperous one, but we will need to find some way for the vast majority of human beings to share in that prosperity, or we risk the kinds of dystopian outcomes that now exist only in science fiction.
How do we fairly distribute income and wealth in the age of the robots?
— The End of Labor: How to Protect Workers From the Rise of Robots
Kevin Kelly in Wired, what jobs humans will do in the future:
“Today, the vast majority of us are doing jobs that no farmer from the 1800s could have imagined.”
“Each successful bit of automation generates new occupations—occupations we would not have fantasized about without the prompting of the automation.”
“The one thing humans can do that robots can’t […] is to decide what it is that humans want to do.”
— Better Than Human: Why Robots Will — And Must — Take Our Jobs
Izabella Kaminska has a great list of articles about the automation and the impact on our economic structures – The Tech Debate Blasts Off (A Linkfest)
Steve Randy Waldman writes about Trade-offs between inequality, productivity, and employment, which is full of thought provoking ideas.
Izabella Kaminska also has series on FT Alphaville called “Beyond Scarcity" that is about scarcity and increasing abundance (accelerated by robots) shaping our economy.
No longer robot related, but still fitting in the theme of (technological) change, wealth/inequality and how the future might look like: Steve Randy Waldman again, on Jonathan Levy’s “Freaks of Fortune” and the history of risk:
There’s a running refrain on Battlestar Galactica: “All this has happened before, and all this will happen again.” One of the delights of Freaks of Fortune is to learn just how true that has been of finance:
Private mortgage-backed securities, with their slicing-dicing reassignment of loans to unidentifiable groups of investors, are often described as novelties. In fact, Levy points out, “mortgage debentures” that bundled, tranched, and resold mortgage cash flows were a staple of the 1880s. They were justified on the same theories of diversification that would be dolled up with math and trotted out again a century later. Mortgage lenders of the Gilded Age bore no resemblance at all to the George Bailey–style local banker. New York financial firms held western mortgages acquired through brokers. To borrowers, a mortgage was a faceless master.
So, all this has happened before, and it will happen again. Must it always? Is there no way out? Levy describes four countermovements to financialized risk: the slave South, “fraternalism,” welfare corporatism, and the welfare state.
— The Risk Ownership Society
To close things off, a long interview with VC Marc Andreessen on future enterprise companies, current consumerized enterprise startups and some general remarks about tech and public market cycles – Marc Andreessen On The Future Of Enterprise
Putting this little post together was more work than I had expected, I think I’ll try single quote+link posts in the future.
Finder toolbar icons and buttons for Mountain Lion
I’ve written before about custom buttons in my Finder’s toolbar. I currently have two icons there, one to create an empty text file in the current folder and another one to open a Terminal window for the current folder.
For Snow Leopard I had created two icons that looked almost exactly like the native Finder toolbar buttons. However once I upgraded to Mountain Lion recently both of them looked extremely ugly and out of place.
So I set out to create new icons which turned out to be a bit harder than I had expected. Through some try-and-error I figured out that icons get scaled down vertically in the ML Finder toolbar, which means that you can’t simply create a pixel-perfect icon and display it.
The workaround I arrived at is to make a graphic that is essentially a copy of a native Finder button, scale it up to 30px with one row of transparent pixels at the top and bottom, export it as an icon and then have the Finder toolbar scale it down again to 23px. With all that scaling going on it would be almost impossible to create a pixel-perfect button, but I managed to create something that looks good enough:
As you can see I also updated the symbols in the buttons since I couldn’t figure out how to make buttons that are more than 23px wide (and those simple graphics work better when being scaled down).
You can download an empty png icon here or the empty button app (with the Terminal icon) here.
As explained in my previous post you can’t simply drag&drop the png file into an icns file and use it for you application. Unfortunately IconDroplet doesn’t seem to work on Mountain Lion anymore, but you can use the empty button app, find the applet.icns file in its Resources folder and edit it with Icon Composer. Then close and reopen the Finder window and the icon of the app should refresh just fine.
I had googled for this stuff previous to making my own icon but couldn’t find anything, so I hope this post saves someone else the time I spent making that little button.