Space for Rent

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Every morning, we run the Narrative Machine on the past 24 hours worth of financial media to find the most on-narrative (i.e. interconnected and central) stories in financial media. It’s not a list of best articles or articles we think are most interesting … often far from it.

But for whatever reason these are articles that are representative of some sort of chord that has been struck in Narrative-world.


Taxi and rideshare drivers desperately need revenue from rooftop ads [Business Insider]

While officials in New York, Washington, Chicago, and others have responded to similar situations with a focus on equity, embracing the added driver income opportunity provided by digital taxi-top advertising, some city leaders in Los Angeles stand alone.

The L.A. City Council is considering a new policy to criminalize advertising on taxis and rideshare vehicles — even the decades-old practice of static rooftop taxi ads — going so far as to threaten drivers’ vehicles with impounding. This is especially unsettling given the impending massive, multi-year renovation plan for LAX, a project poised to significantly disrupt operations for taxi drivers, throwing another wrench in their efforts to make a living. It is not an exaggeration to suggest that this latest disruption could be one of the final straws for the city’s taxi industry.

We believe that all full-time drivers should be able to make a living wage and support their families, and we look forward to collaborating with city leaders to build a more equitable future.

“The writer is CEO and co-founder of Firefly, a digital media company.”

Shocker.

I came across this “article” the other day.

Turns out this is a thing. Again, shocker. Here’s a guy you supposedly made $37k by selling his forehead space. Temporary tattoo.

And I’m sure this was a stunt. But you KNOW where this is going. You KNOW what the narrative is going to be.

What kind of regulatory monster are you to prevent people from selling themselves in more and more degrading ways? This is a choice. This is a path to a living wage. This is opportunity and equity.

Grrrrrr.

From Pecking Order, one of my fave notes …

Out of all the animals we keep on our “farm”, chickens are the only ones that bring me no joy. Chickens are, by nature, brutal and cruel. They will torture the weak to death with their pecks, not because they have to, but because they can. It’s the way their brains are hard-wired, and it works for them, as a species. So I pretend that chickens aren’t evil and I’m not complicit. Because I really like the eggs.

We are trained and told that the pecking order is not a real and brutal thing in the human species. This is a lie. It is an intentional lie, one that we pretend isn’t evil and where we are not complicit.

Because we really like the eggs.


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The Daily Zeitgeist

The Only Winning Move

By Rusty Guinn | July 19, 2019 | 2 Comments

It’s privacy and big tech again in today’s Zeitgeist, which is all about mutually assured surveillance. And for Epsilon Theory, it hits home. I think it will hit home for you, too.

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We’re Gonna Need a Bigger Boat

By Ben Hunt | July 15, 2019 | 0 Comments

Financialization is not a mean-reverting phenomenon. It’s too good of a gravy train for Wall Street, corporate management and the White House to stop now. So they won’t. Like any self-respecting Great White shark, the Nudging State and the Nudging Oligarchy never stop swimming. They never stop eating.

Want to survive these financialized waters if you’re potential shark food? You’re gonna need a bigger boat.

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When Did You Stop Beating Your Wife?

By Ben Hunt | July 12, 2019 | 1 Comment

“De Blasio’s ‘pay parity’ hypocrisy” is a feature article in today’s NY Post, and a central article in today’s media Zeitgeist.

Dig a little deeper into the “scandal”, and you learn that the “evidence” is complete horseshit.

It’s an article specifically designed to manipulate someone like me … someone who is VERY predisposed to believe the worst about Bill de Blasio because I dislike his politics SO MUCH.

It’s a rage engagement, one of two primary forms of Fiat News used to win the Game of You.

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The Solution To The Fintech IPO Shortage

By Rusty Guinn | July 1, 2019 | 0 Comments

There’s a narrative that exists in Fintech that isn’t really present in most other early stage technology businesses. It defines why they’re different, who succeeds and who fails at getting to a liquidity event and a long-term growth trajectory.

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Riding the Cyclone

By Ben Hunt | June 28, 2019 | 2 Comments

The rollercoaster nature of Bitcoin is a feature, not a bug.

The price of Bitcoin, like the price of any great work of experiential or performance art, is entirely based on narratives. The price of Bitcoin is entirely based on how these narratives make us FEEL.

Gold, too.

It’s time to see what the Narrative Machine can tell us about the stories that determine the price of Bitcoin and gold.

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Pirate Bay

By Ben Hunt | June 25, 2019 | 4 Comments

This is a flat-out damning article about Amazon, relating example after example of how the company screws over legitimate authors on their industry-dominating online bookstore by allowing (if not encouraging) counterfeit publications.

So why does it seem like I am being told how to FEEL about Amazon in this article? Why am I reading this NOW?

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LudwigvonMises
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LudwigvonMises

“Because we really like the eggs” is also why we did not do anything about my brother who thought he was a chicken. W. Allen.

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