WeChat, a text messaging service from Tencent, has begun to set its sights beyond China. (Kim Kyung-Hoon/Reuters)
One of the ways to think about China's Internet is as a Bizarro version of the World Wide Web. Facebook and Twitter are banned, but social networking sites like Sina Weibo and Kaixinwang operate freely. Instead of YouTube, there is Youku Tudou. And while Google does operate in China -- albeit intermittently -- the Chinese company Baidu dominates the search engine market. A foreign observer of the Chinese internet might conclude, to paraphrase Vincent Vega in Pulp Fiction: "They've got the same stuff there that we do here, it's just ... a little bit different."
This so-called "Chinese intranet" though is a relatively new phenomenon; Facebook and Twitter only became firewalled following the Iranian protests of 2009, the same year that Sina launched its Twitter-like Weibo service. And while censorship is a major reason why Western social media services remain behind the Great Firewall, it isn't an accident that their absence has allowed domestic competitors to grow.
Of all the Chinese social media products to join the market in the last few years, none has had as great an effect as Sina's Weibo. Presenting a (relatively) unfettered space for speech, Weibo has intrigued foreign observers with its irreverent discussions of sensitive issues. In just four years, the site has attracted over 500 million members, more than the population of all but two countries in the world.
For all its success, though, Weibo has confined itself to China; Until this year, when Sina introduced an English-language version and allowed users to login via Facebook, Weibo made virtually no effort to expand to foreign market and focused instead on recruiting users from within China. Given the country's large population -- and still-modest level of internet penetration -- this strategy makes sense; there are still plenty of people in China who don't use Weibo.
On the other hand, new research suggests that Sina may have to re-think its strategy: Weibo seems to have peaked in popularity. A recent survey by the tracking service WeiboReach released this month revealed that user activity has dropped by more than 30 percent from its peak last October. Part of this decline is due to government policy -- Beijing has passed laws demanding real name registration on Weibo, deterring would-be users who valued the service's privacy. But another issue is the rise of a rival service, Tencent's WeChat, which first launched in late 2011.
Similar to the text messaging service WhatsApp -- with elements of Instagram and Skype tossed in -- WeChat has accumulated over 300 million users in its first two years by embracing an entirely different strategy from Weibo: going after the international market head on. Unlike Weibo, which released an English-language web version only this year, WeChat is available in 18 languages and has already produced a Spanish-language advertisement featuring the Argentinian soccer star Lionel Messi. Tencent is planning to establish an office in the United States and has already recruited Nike and Starbucks, among other major brands, to interact with customers on the service. While few outside of China use Sina Weibo, WeChat already has 70 million non-Chinese users -- almost a fourth of its overall total.
Despite its drop in user activity, it's too early to dismiss Weibo. As Beijing-based media consultant Jeremy Goldkorn told me, Weibo is "still massive, very popular, and still the most active and powerful platform for public expression in China today." It's worth noting, too, that Weibo and WeChat aren't necessarily competitors -- the two services have different functions, and given their huge subscriber bases within China, many people must use both. But it's hard to escape the sense that WeChat has, as Goldkorn says, "taken the wind out of Weibo's sails."
In the what-have-you-done-for-me-lately world of social media, WeChat has a long way to go before it can supplant Weibo's reputation as China's "it' service. But by focusing on the international market, WeChat has upended the industry and also challenged the stereotype that Chinese brands cannot compete abroad. It doesn't want to just be the hot new Chinese Internet fad -- it wants to be the hot new Internet fad that happens to be Chinese.
Whether or not WeChat succeeds remain to be seen. But the early returns are promising. Speaking to Network World, tech consultant Duncan Clark had this to say about it:
"If you didn't know WeChat was from China, you wouldn't be aware of that fact. It has transcended its Chinese-ness."
The MIT economist Peter Temin argues that economic inequality results in two distinct classes. And only one of them has any power.
A lot of factors have contributed to American inequality: slavery, economic policy, technological change, the power of lobbying, globalization, and so on. In their wake, what’s left?
That’s the question at the heart of a new book, The Vanishing Middle Class: Prejudice and Power in a Dual Economy, by Peter Temin, an economist from MIT. Temin argues that, following decades of growing inequality, America is now left with what is more or less a two-class system: One small, predominantly white upper class that wields a disproportionate share of money, power, and political influence and a much larger, minority-heavy (but still mostly white) lower class that is all too frequently subject to the first group’s whims.
Homosexuality might be partly driven by a mother’s immune response to her male fetus—which increases with each son she has.
Here’s what we know: Homosexuality is normal. Between 2 and 11 percent of human adults report experiencing some homosexual feelings, though the figure varies widely depending on the survey.
Homosexuality exists across cultures and even throughout the animal kingdom, as the authors of a mammoth new review paper on homosexuality write. Between 6 and 10 percent of rams prefer to mount other rams, not ewes. Certain groups of female Japanese monkeys prefer the company of other females:
In certain populations, female Japanese macaques will sometimes choose other females as sexual partners despite the presence of sexually motivated male mates. Female Japanese macaques will even compete intersexually with males for exclusive access to female sexual partners.
There’s a common perception that women siphon off the wealth of their exes and go on to live in comfort. It’s wrong.
A 38-year-old woman living in Everett, Washington recently told me that nine years ago, she had a well-paying job, immaculate credit, substantial savings, and a happy marriage. When her first daughter was born, she and her husband decided that she would quit her job in publishing to stay home with the baby. She loved being a mother and homemaker, and when another daughter came, she gave up the idea of going back to work.
Seven years later, her husband told her to leave their house, and filed for a divorce she couldn’t afford. “He said he was tired of my medical issues, and unwilling to work on things,” she said, citing her severe rheumatoid arthritis and OCD, both of which she manages with medication. “He kicked me out of my own house, with no job and no home, and then my only recourse was to lawyer up. I’m paying them on credit.” (Some of the men and women quoted in this article have been kept anonymous because they were discussing sensitive financial matters, some of them involving ongoing legal disputes.)
In 1985, Neil Postman observed an America imprisoned by its own need for amusement. He was, it turns out, extremely prescient.
Earlier this month, thousands of protesters gathered at Washington’s National Mall to advocate for an assortment of causes: action against global climate change, federal funding for scientific research, a generally empirical approach to the world and its mysteries. The protesters at the March for Science, as scientists are wont to do, followed what has become one of the established formulas for such an event, holding clever signs, wearing cheeky outfits, and attempting, overall, to carnivalize their anger. “Make the Barrier Reef Great Again,” read one sign at the March. “This is my sine,” read another. “I KNEW TO WEAR THIS,” one woman had written on the poncho she wore that soggy Saturday, “BECAUSE SCIENCE PREDICTED THE RAIN.” Three protesters, sporting sensible footwear and matching Tyrannosaurus rex costumes, waved poster boards bearing messages like “Jurassick of this shit.”
“Somewhere at Google there is a database containing 25 million books and nobody is allowed to read them.”
You were going to get one-click access to the full text of nearly every book that’s ever been published. Books still in print you’d have to pay for, but everything else—a collection slated to grow larger than the holdings at the Library of Congress, Harvard, the University of Michigan, at any of the great national libraries of Europe—would have been available for free at terminals that were going to be placed in every local library that wanted one.
At the terminal you were going to be able to search tens of millions of books and read every page of any book you found. You’d be able to highlight passages and make annotations and share them; for the first time, you’d be able to pinpoint an idea somewhere inside the vastness of the printed record, and send somebody straight to it with a link. Books would become as instantly available, searchable, copy-pasteable—as alive in the digital world—as web pages.
President Trump, in an interview with Reuters, also said while he would “love to solve things diplomatically … it’s very difficult.”
President Trump says “[t]here is a chance that we could end up having a major, major conflict with North Korea.” The comments, which were made to Reuters in an interview, come two days after senior members of his administration, in a joint statement, tried to defuse tensions with the communist state, saying the U.S. remained open to talks.
Trump suggested in the interview that while he would “love to solve things diplomatically … it’s very difficult.” The subject of North Korea’s nuclear-weapons program has been a U.S. priority since at least the Clinton administration—though efforts to denuclearize the Korean peninsula began during the George H.W. Bush administration. But despite bilateral and multilateral diplomatic efforts undertaken by Presidents Bill Clinton, George W. Bush, and Barack Obama, North Korea’s nuclear technology has improved, and many experts believe that it could be capable of firing a nuclear-armed missile that could reach Seattle in the next few years.
Silicon Valley’s new member of Congress has some big ideas for combatting wage stagnation.
Ro Khanna has a $1 trillion plan to fatten Americans’ wallets.
The newly elected member of Congress, who represents Silicon Valley, has become a loud progressive voice on the Hill during his brief tenure there. The way he sees it, Democrats have failed by not offering families a radical plan to end wage stagnation and bring prosperity to the middle class once again. He is working on a bill he believes will do just that, by boosting the Earned Income Tax Credit to provide as much as $6,000 a year for individuals and $12,000 for families. (That would roughly double the maximum payout for families, and increase it tenfold for childless workers.) The plan is being heralded as a move towards a universal basic income in the United States, and Khanna hopes to pair it with efforts to move federal jobs out of Washington, expand universities and colleges, and encourage investment in depressed communities. Such a moonshot effort is not going anywhere soon, he concedes. But it would at the very least demonstrate to voters that Democrats had something new and bold to offer them.
A CFPB investigation concluded that Transunion and Equifax deceived Americans about the reports they provided and the fees they charged.
In personal finance, practically everything can turn on one’s credit score. It’s both an indicator of one’s financial past, and the key to accessing necessities—without insane costs—in the future. But on Tuesday, the Consumer Financial Protection Bureau announced that two of the three major credit-reporting agencies responsible for doling out those scores—Equifax and Transunion—have been deceiving and taking advantage of Americans. The Bureau ordered the agencies to pay more than $23 million in fines and restitution.
In their investigation, the Bureau found that the two agencies had been misrepresenting the scores provided to consumers, telling them that the score reports they received were the same reports that lenders and businesses received, when, in fact, they were not. The investigation also found problems with the way the agencies advertised their products, using promotions that suggested that their credit reports were either free or cost only $1. According to the CFPB the agencies did not properly disclose that after a trial of seven to 30 days, individuals would be enrolled in a full-price subscription, which could total $16 or more per month. The Bureau also found Equifax to be in violation of the Fair Credit Reporting Act, which states that the agencies must provide one free report every 12 months made available at a central site. Before viewing their free report, consumers were forced to view advertisements for Equifax, which is prohibited by law.
As the president nears his hundredth day in office, he seems increasingly concerned about how he’ll measure up.
As he approaches his hundredth day in office, Donald Trump appears to be suffering—once again—from an acute case of presidential status anxiety.
In public, of course, he has labored to play it cool, strenuously insisting (and insisting, and insisting) that he does not care about the “first hundred days” metric that historians and pundits have used to evaluate the success of new administrations since FDR. Trump has called this milestone “ridiculous” and “artificial”—a meaningless media fixation. And yet, the less-than-laudatory press reviews seem to have left him seething. For evidence, look no further than the president’s pathos-drenched Twitter feed, where he recently took to vent, “No matter how much I accomplish during the ridiculous standard of the first 100 days, & it has been a lot (including S.C.), media will kill!”
Will you pay more for those shoes before 7 p.m.? Would the price tag be different if you lived in the suburbs? Standard prices and simple discounts are giving way to far more exotic strategies, designed to extract every last dollar from the consumer.
As Christmas approached in 2015, the price of pumpkin-pie spice went wild. It didn’t soar, as an economics textbook might suggest. Nor did it crash. It just started vibrating between two quantum states. Amazon’s price for a one-ounce jar was either $4.49 or $8.99, depending on when you looked. Nearly a year later, as Thanksgiving 2016 approached, the price again began whipsawing between two different points, this time $3.36 and $4.69.
We live in the age of the variable airfare, the surge-priced ride, the pay-what-you-want Radiohead album, and other novel price developments. But what was this? Some weird computer glitch? More like a deliberate glitch, it seems. “It’s most likely a strategy to get more data and test the right price,” Guru Hariharan explained, after I had sketched the pattern on a whiteboard.