This summer I went to see a play because it had discounted tickets. But, just for kicks I tried out the flow chart and ended up at that very one: Much Ado About Nothing. It’s not my favorite comedy, but it was a good production.
† In no way am I trying to minimize dietary conditions; I myself was hit hard by a sudden onset of lactose intolerance at age 49. I know I drive everyone else crazy this. voluntaryxchange, voluntary, exchange, economics, finance, suu, sob, southern, utah, university, sob, school, business, urban, consulting
Maggie McKneely lists out and discusses all of the legacy media creations that are (strictly positive) stand-ins for Hillary Clinton.
Not that there’s anything wrong with the notion of a female president. But as early as the 1990s, TV shows have been promoting the idea of one specific female as president: Hillary Clinton.
Admittedly, she’s the best all-around candidate (no pun intended, really) for an artist to use as a model. Even so, we’ve had many other first ladies, a few dozen female senators, and the first female Secretary of State was a black Republican.
For my money, the quantity is ridiculous enough to call a weird fixation. McKneely lists out:
5 network TV series explicitly based on parts of the Clinton biography.
10 TV series with something between an episode and a story arc based on Clinton.
4 movies with Clinton-like leads. One of these, Primary Colors, was actually purported to be truthful.
6 musical numbers more or less about Clinton.
25 children’s books are currently on sale about Clinton, including these two:
Then there’s the Axis of Time trilogy targeting the adult science fiction audience with a post Clinton II world.
It seems absurd to predict that the novel itself might one day become extinct, and yet Orwell was right to connect its heyday to the “Protestant centuries.” From Defoe and Fielding to Austen and Dickens, the stuff of the novel was the account of finding one’s place in the world—either through marriage, choice of profession, or journey of inner growth. In feudal Europe, however, one’s place in the world was fixed. Before the novel could come into existence, the specific course of the individual life had to become a thing of interest, and for this to happen, the feudal order had to fall.
NSFW. Click the link if you don’t know what that means.
If you haven’t heard, there’s an undergraduate at Duke his is public about doing porn to pay her bills. What I have below is the fourth part of series on The Source about her experience. My guess is that most of you won’t have a problem with what’s shown: if you do, don’t watch.
This video mostly covers her at a convention meeting fans. Just like, say, baseball … the fans pay cash for autographs and staged photos.
Towards the end of the video, she counts up her take from that day, and it’s $981. That’s revenue.
She figures it cost her $600 in expenses to do the show (flight, hotel, meals, incidentals), which she calls overhead. The distinction between fixed and variable costs in microeconomics is more situation-specific than most students are aware of. In this case, that overhead is a variable cost from the perspective of her whole life, because she didn’t have to do the show. But, once she’s decided to do the show, the overhead is a fixed cost of that show (because she could probably work longer signing autographs to increase her revenue without increasing those fixed costs). I know … more complex than you may need.
Then she recognizes that those overhead costs apply to both days of the show, while she hasn’t counted the revenue from the first day. She figures she made $600 more in revenue the previous day, subtracts out $100 in other expenses, and figures she cleared $800 for the weekend.
I’m not sure how she’s set up for tax purposes. But, the video doesn’t say anything about that, so let’s assume that she’s a proprietor. Then that $800 is the accounting profit from her business, and that goes straight into her bank account as individual income.
But she recognizes and mentions that she did a lot of work for that $800 (and I don’t mean something crude about porn, I mean just working at her convention booth).* Presuming she did two 8-hour days, that works out to about $50/hour: comparable to what professors in the SUU School of Business make (not me, I’m a peon). So, it’s great money for an undergraduate, but she’d probably be making that in 15-20 years anyway.
Now, here’s where the porn comes in. Her accounting profit is $800. But her economic profit would subtract out many things, most importantly opportunity costs. The reason most people don’t do porn is not that they can get paid better at other jobs, but that they suspect that doing porn is blocking them out of future job possibilities that might pay more. So it’s not so much an opportunity cost as the cost of opportunities foregone.
In this case, I think those opportunity costs fall mostly on the actual doing of the porn, rather than on going to conventions. So for this particular weekend, her accounting profit is $800 and her economic profit might be the $500 excess she makes over working some other job back at school.
But, for her career, let’s say she makes $100K. That’s accounting profit. She’s willing to do that because her economic profit is less than that, but still positive and presumably large. Just to throw out a number, perhaps her opportunity costs are $60K, so she’s left with $40K in economic profits. When you choose not to do porn, you’re thinking that the opportunity costs of that far outweigh the accounting profits. When you put it that way, the difference between someone who does porn and someone who does not is largely their subjective evaluation of their opportunity costs: if you don’t think they’re large, you do porn, if you do think they’re large, you don’t.
The video is of fairly recent vintage: the jetty has no water around it at all. It emerged from the lake about 10 years ago, after a couple of decades under the water. The level of the lake is still dropping, so the water is visible in the distance.
Of course, any video of the Salt Lake would be incomplete without smellovision … but what can you do?
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