With the markets in turmoil, it’s easy to think that the sky is falling. For many, jobs are being lost, retirement plans postponed, and savings and investment values plummeting like lead balloons. All this unrest is yielding one very positive result – the growing interest and understanding about the financial system by very young people in this country.
Slate.com, the witty if conceited and sometimes down-right nasty, has launched a new site to cater to the Facebook set interested in keeping up with the business news of the day, provided its packaged up in their language. The Big Money is a bit short on slick design, though the content is intriguing. They’re covering all the major topics like the collapse of Lehman Brothers and the purchase of Merrill Lynch by Bank of America, with some other interesting, timely, and generation X- and Y-targeted info like a socially responsible investing guide.
Viewed side by side with publications such as The Wall Street Journal and the Financial Times, The Big Money clearly goes after breadth over depth, though if they’re trying to attract younger generations this is the path of least resistance – give them a surface understanding and allow them to dig in deeper where they deem necessary and interesting. Don’t overwhelm them because they’ll tune you out, and give them just enough information to be conversant around the office about today’s top stories. The goal is to raise their awareness of the financial shifts happening today that are sure to have huge impacts on their lives for decades to come.
The Big Money is a publication that has clearly done its homework, knows its customer, and knows who they are, and more importantly who they aren’t. No brand can, or should, be all things to all people. The Big Money seeks to turn this latest economic downturn into a learning opportunity for very young adults that will build their lifelong interest in their financial well-being. If that’s the case, then mission accomplished.
Category: media
Searching for the Next Einstein
There is a profound belief in the West that if we throw enough money at a problem, the problem will ultimately go away. I’m not sure how or when or by whom this misconception was started. I do know it runs deep in this country, and recent world events have shown its fragility.
I read extensively about Africa and the circumstances that many of the nations on that continent are facing politically, economically, and socially. Recently I heard an NPR story covering integrated schools in South Africa where students don’t feel safe because of ever-rising racial tensions. In the New York Times I’ve been following the campaign of Morgan Tsvangirai, the man who dared to challenge President Mugabe, and then dropped out due to the threat of violence. Yesterday I was reading a story in Sierra Magazine about Ethiopia’s optimism, a story chronicling the long-overdue arrival of contraceptives that are allowing women and girls to take more control of their lives.
The one topic I don’t hear much about in relation to Africa is science. Yes, in a roundabout way the topic is addressed via food shortages or medical relief work. Science education isn’t touched. With great excitement I learned about a program initially sponsored through TED, NextEinstein. Neil Turok, a brilliant cosmologist and education advocate, was honored with the TED Prize, and thus was able to use TED’s incredible network to announce his one wish for the world and receive support to bring that wish to life. “My wish is that you help us unlock and nurture scientific talent across Africa, so that within our lifetimes we are celebrating an African Einstein.” Essentially he is saying that Africa must solve Africa’s problems if those solutions are to have longevity.
In 2003, Turok, who was born in South Africa, founded the African Institute for Mathematical Sciences in Muizenberg, a postgraduate educational center supporting the development of mathematics and science across the African continent. The website http://www.nexteinstein.org/ was just launched about a month ago and the movement is looking for help in the form of donations, media talent, creative business consultants, educators, and infrastructure.
This effort is about helping entire nations lift themselves up and propel themselves forward. African nations have been down-trodden for too long, dependent on aid that is always too slow to arrive and never substantial enough. Neil Turok is building a program for Africans to help other Africans. There is more to those nations than disease and war and social ills, contrary to so much of what our national media covers. It is a continent rich with possibility and talent and heritage. Now the question is how to mine that potential so that the outcome is even more elaborate than Turok’s dream. To lend a hand, visit the TED Prize website.
Daylife: a guide to today’s news
Jon Fine’s article in this week’s issue of Business Week discusses a new news provider, Daylife. As a devoted fan of the news and someone who believes that the plethora of new media channels can help to reinvent traditional media, I am intrigued by Daylife’s business model.
Daylife is a news aggregator that splits revenue with news sources based on the link and not on the destination page. Big deal – I can just set up a bunch of Google alerts on topics that interest me and get a nice stack of emails with daily news stories and blog posts on the subject, right? Yes, I could do that. Or, I can just set up Google reader and collect my information that way. Yep, that’s an option.
Here’s the trouble: I love Google, but its alert search is far from all-encompassing and it makes no effort to relate one story to another, save for a common keyword. With Daylife, ordinary people like me can build highly-tailored news sites on any topic of interest, or variety of topics,and post them up on my own website. Essentially, I make my own little newspaper, and Daylife scours the enormous world of news on-line to get me the content and package it up for me in a neat format. This customizable feature is set to roll-out some time this summer.
To be sure, there is tension that exists between traditional media and this constantly morphing world of digital information. Today we get news from a variety of sources as it happens. It has never been easier to be informed on events that happen around the world. And this fact has created a world of complexity and information overload beyond our wildest imagination. While Daylife may not be a quick-fix or even a complete solution, it’s a start toward simplification and efficiency. In this case, even a modest improvement packs a punch.
Vanity Fair’s misstep on the 2008 Green issue
While Miley Cyrus’s photoshoot maybe the talk of the hallways over at Vanity Fair, I think they have bigger problems – that of leadership. This month every magazine had their version of a Green issue. Finally, it seems that the wake-up call to protect the environment and reverse some of the damage we’ve done is reaching the mainstream. Last year I was so impressed withVanity Fair’s Green issue that I subscribed to the magazine. When this year’s Green issue arrived in my mailbox, I couldn’t wait to read through it. And now I’m completely confused.
In spite of all of the incredible innovation and creativity happening in the world of sustainability, this year’s VF Green issue simply rehashed the same old topics and players that have been kicking around for years. I didn’t see anything about entrepreneurs with green-collar jobs, young companies that are making a big difference (i.e., Method), the growing popularity of CSA’s, or the locavore trend. All of these are timely, trendy topics in Green. Rather than the fine reporting I’ve come to admire in VF, this issue’s features are pretty much the same as those found in nearly every mass media source.
And then to add insult to injury, there’s a double-sided, heavy stock coupon for cigarettes right in the middle of the magazine! I guess I’m supposed to feel better that at least the tobacco is “additive-free”, the coupon is printed on recycled paper, and the executives at the tobacco company are “passionate about the environment” and have organic growing programs. Gross – the ad was an exercise in how many environmental buzzword the company could haphazardly throw together on one sheet of paper. Their product still causes illness, and is not part of a healthy lifestyle. Healthy living is exactly what Green is all about! What was the VF advertising department thinking when they accepted and prominently featured that ad? Clearly, they weren’t thinking at all.
Here’s to hoping that VF makes better choices in the 2009 Green issue and that the rest of us take-away the power of being genuine. The damage being anything less than genuine can cause is not something any company can afford.
GEL 2008: Clay Shirky
Clay Shirky is a professor who studies media, intently. During his GEL talk this year, he spoke about the changing role of newspapers, and all major media outlets for that matter. And his ideas are thought-provoking. Newspapers would be wise to follow his lead in order to stay alive.
Newspapers were begun as a way to disseminate information. Radio and TV have followed this same lead. Today, they are not so much information designators (bloggers can on-line news sources can do that much faster and much more conveniently). They are now taking on the role of being “places” where coordination is happening. Publishing is changing its purpose from printing to acting.
In his book, “Here Comes Everybody”, Shirky discusses how individuals are using major media channels to organize themselves, be it for social justice, to demand better services, or to get the word out about a cause, even though they themselves do not belong to the newspaper staffs. Said another way, we as a society have moved from following news to the news following us, or creating and reporting the news ourselves. Mass media’s challenge is to figure out how to best serve the people by providing new, more useful coordinating tools.
My favorite quotes from his talk, “Thinking is for doing.” ~ William James and “If you have the same problem for a long time, maybe it’s not a problem. It’s a fact.”
"D" is for Digital
“This instrument [TV] can teach, it can illuminate, yes, and it can even inspire. But it can do so only to the extent that humans are determined to use it to those ends,” he said. “Otherwise, it is merely wires and lights in a box.” ~ Edward R. Murrow
Some marvelous learnings from the Kidscreen Summit. I just finished a morning session entitled “D is for Digital”, put together by the fine folks at Sesame Street Workshop. The panel featured representation from the Joan Ganz Cooney Center, Sesame Street Workshop, Commonsense Media (a parent advocacy group centered around media), PBS Kids, and Media Kidz (a research organization).
Some cool and interesting properties that are worth viewing:
Panwapa.com – an on-line community for kids tat features characters who live on an island that floats around. Kids can navigate between five different languages on the fly, can create an avatar in a number of global settings, and encourages acceptance and exploration of different cultures around the world. One of those things that will make you say “I wish I had that when I was a kid.”
Okami – a Japanese video game property that interests boys and girls of a variety of ages.
Word Girl – my boss and I read about this property during the mid-summer when the New York Times ran an article on it. Word Girl is one of the newer properties for PBS, and on the web platform, kids can submit their favorite words as well as play a variety of games to build vocabulary.
Sesame Street Video Player – currently in Beta at videos.sesameworkshop.org – parents and kids can find Sesame Street video clips tagged with character names, text, and, best of all, education concepts such as “sharing” or “friendship”.
And some facts:
The average age of on-set for digital media use is 6.5 years old, down from 8 years of age just two years ago.
96% of tweens and teens use some sort of social networking
71% of parents have had some on-line issues arising with their children
81% of parents say that the internet has helped their child’s learning
The difficulty of “rating up” – a Bain sudy has found increasingly that what used to be considered PG-13 or even R-rated material, now largely is rated as PG or even G content.
Kids are their own programmers – they choose when, where, and what to watch
Kids spend 45 hours per week interacting with media, 30 hours per week in school, and 17 hours per week with their parents.
Trends:
Proliferation of virtual worlds
Casual gaming
Video content and user-generated content on the web
On-line curriculum building separate from educators – PBS is exploring ways to build series of games to lead kids, particularly pre-schoolers, along a path in skills such as literacy by batching and sequencing the games.
The big opportunities:
Focus on literacy
Creative problem sovling
Other skills that kids will need a global economy
Few video games of educational promise really exist today. This is an area of tremendous opportunity for developers and producers of video games.
The bridge between research, industry, and the nonprofit world – the most exciting possibility for me since I have experience and passion in all three areas.
The use of media devices such as cell phones to distribute batches of content in snippets – playing into the trend of our “snack culture”. PBS has done some work around literacy for pre-schoolers in which everyday their parents received a text message from Elmo encouraging them to look for things like foods in the grocery store that begin with the “letter of the day.” After the study, kids who participated were fond to know their alphabet song better and have an increased awareness of the learning opportunities that are all around them.
In conclusion, Sholly Fisch of Media Kidz, made an excellent point that is the underlying driver for the expanded research currently being done on kids and media: kids today are faced with constant change and the increasing need for comfort with ambiguity, though kids are still kids. They still need to be encouraged, loved and cared for. The challenge and opportunity for all of us in the youth space lies in how can we use media as a tool to deliver a rich p-to-date experience to kids that nurtures them in this world of uncertainty and change.
A picture’s worth
Lately I am getting more and more into cartoons. After seeing William Steig’s exhibit at the Jewish Museum here in NYC, I have been struck by how prevalent cartoons are in our media and how poufound their messages are with just a few words. It’s possible taht cartoonists may be the most creative people in our culture, which begs the question “why do they get so little credit?” Here’s one I saw recently in Time Magazine that I just love. The artist is Mike Peters.
Christa Avampato 