Don’t you hate it when people pass the buck on important decisions? They’re supposed to come up with an answer, and instead they bow out and delegate. But people with this annoying habit might actually be looking out for your best interests as much as they are trying to avoid responsibility. New research into buck-passing behavior has found that people delegate decisions far more often when that decision affects other people. When we have to make a decision that affects only ourselves, we get on and make it. “People care more about avoiding blame for bad outcomes than getting credit for good outcomes,” Northeastern University’s Mary Steffel, lead author of the study, said in a news release. The motivation for buck-passing, then, is complex. In part, we delegate decisions because we don’t want the blame for making a bad choice, but we also do it because we might recognize our own shortcomings. “One possible benefit of … [Read more...] about Science Explains Why People Pass The Buck When Making A Tough Decision
For the past 18 years, it’s been an open secret that Fader magazine and creative agency Cornerstone have been operating under the same ownership. Former music executive Rob Stone founded Cornerstone in 1996, eventually bringing on his childhood friend and fellow former music exec Jon Cohen as a co-CEO. Together, they founded Fader in 1999, and the two companies have been kept relatively separate ever since. “In our early days, media companies and advertising agencies were very different businesses. As a brand-new editorial property, we wanted to ensure the purity of our editorial and make sure the integrity of our journalism was paramount,” Cohen says. “Over the years, media and advertising have truly converged. Both are now about storytelling.” During the most tumultuous times for both print/digital media and the advertising industry, Fader and Cornerstone have actually managed to thrive in both areas. Exact figures weren’t … [Read more...] about How Fader Magazine And Its Creative Agency Are “Bucking Traditions” To Shape Culture
Apple Sends Out Invites For March 7 Event. Apple has sent out invites to an official event at the San Francisco Buena Center for the Arts, where they’re expected to show off their newest iPad. The invites carry an image of what looks a lot like the long anticipated high-res iPad screen, over the following teaser: “We have something you really have to see. And touch.” —NS –Updated 12:16 pm. EST Facebook’s Credits May Violate Antitrust Laws. Two law firms are investigating Facebook Credits, the payment system that allows app developers and game makers to collect cold cash for virtual gaming currency. The lack of an alternative for gamers or virtual currency providers together could mean Facebook is crossing a line, the firms believe. —NS –Updated 11:40 a.m. EST Facebook Friends Mobile Providers. Facebook will collaborate with mobile providers on in-app payments, Facebook CTO Brett Taylor announced yesterday at the Mobile … [Read more...] about Apple Plans iPad Event For March 7, Google Offers Big Bucks For Chrome Hacks, Flipkart Launches Music Store Flyte
Late last year, practically everyone was pencilling in a rise in the dollar for 2016. But as market history has shown again and again, when everyone believes in a story, there are not going to be many buyers left, so the trend can easily run out of steam and reverse.The US dollar has done exactly that. After a rise of 20% in trade-weighted terms in the 18 months to the end of January, it has since fallen by around 4%. Against the euro and the yen it has lost a respective 5% and 7%.A key reason for the reversal has been increasingly dovish signals from the US Federal Reserve. Last week, its chair, Janet Yellen, cited worries about global growth as a reason to “proceed cautiously” with interest-rate rises. Now the Fed is pencilling in only two interest-rate hikes for 2016, while at the turn of the year its forecasts implied four.Still, this isn’t just about the Fed, says the Buttonwood columnist in The Economist. Emerging-market currencies have rallied against the … [Read more...] about US dollar: Will the buck stop here?
It’s hardly the most exciting of sectors. But by investing in the public/private partnership (PPP) deals that have funded Britain’s public building works in recent years, the HSBC Infrastructure fund (LSE:HICL) has bucked the bear market with a 22% return in the past year. Tony Roper, a structural engineer turned accountant, runs the fund, which counts Colchester Garrison, the Home Office Headquarters and several hospitals in its portfolio of assets. Roper prefers to buy into ‘availability’ projects, such as schools or hospitals, rather than “‘patronage’ assets such as toll roads”, he tells FT Adviser. The income from the latter is “often linked to usage, and therefore more sensitive to wider economic forces”. The £438m fund, which started with just ten investments, is “low risk because all projects are up and running”, Charlie Campbell at UBS tells The Sunday Times. He also likes the 5.5% yield it … [Read more...] about Fund of the week: Bucking the bear with PPPs