As the United States slowly inches toward ending its ill-fated War on Drugs, first decriminalizing marijuana, we have begun to see the first attempts to build legitimate businesses around pot. With the legalization of marijuana in Colorado and Washington, the growth of medical marijuana in several states (including California), and the diffuse relaxation of penalties for pot-related crimes, many have recognized the enormous potential market for legal weed, especially if current trends continue.
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The Follower's Dilemma
Game theory has been the subject of many recent discussions I’ve had with curious college students, aspiring economists, and adults alike. In general, the core concept is quite simple and boils down to a basic question: given a certain situation, what is your best response to another party’s action(s), assuming all actors are rational? Or, in other words, what reaction yields the recipient the highest possible utility (a measure of one’s satisfaction)?
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The Opportunistic Employee
Finding a job in today’s economy can be difficult, to say the least (unless you’re a high school student). Most industries are far more competitive than they once were, and finding jobs at dream companies, like Google (GOOG) and Facebook (FB), is nearly impossible. In fact, more often than not, new college grads will cling to the first job offer they receive, which is often due to the lack of critical, public information.
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Stay Connected
Since 40% of LinkedIn members use their mobile devices to access popular social media, LinkedIn (LNKD) has decided to step-up its application game to a whole new level. LinkedIn has released a new application, called Connected, which aims to bolster its already impressive networking infrastructure. This new application is an update from LinkedIn’s earlier networking app, Contacts.
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Young Money
How old do you have to be to work at the Silicon Valley’s top tech companies? The answer: a lot younger than you might expect. A recent Bloomberg report, published July 8th, outlined opportunities in the Silicon Valley for teenagers who have yet to graduate from high school.
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Simplifying Simple
Many developers design applications to make life simpler, but have they finally ventured too far? Yo is a new app that is designed to send the one-word phrase “Yo” to your contacts. Evidently, the app was created to eliminate the tedious task of sending full text messages and calling people. Instead, after opening the app (God forbid), users simply tap the “Yo” button to alert someone.
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Dirty Dov: The American Apparel Scandal
After accusations of sexual harassment and misconduct, the American Apparel (APP) Board of Directors has fired long time CEO and founder Dov Charney. The highly anticipated announcement was released two weeks ago. However, the outspoken and flamboyant Charney has made it clear that he will not go down without a fight, vehemently defending himself from the company he established.
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