Filed under links of the day

The Record Frequent Fliers

The Los Angeles Times has an interesting article on Steven Rothstein and Jacques Vroom, who are above and beyond what one would consider frequent fliers. Both men bought tickets that gave them unlimited first-class travel for life on American Airlines. Each had paid American more than $350,000 for an unlimited AAirpass and a companion ticket that allowed them to take someone along on their adventures. Both agree it was the best purchase they ever made, and their life hasn’t been the same ever since they bought the golden ticket.

In the 2009 film, Up in the Air, the loyal American business traveler played by George Clooney was showered with attention after attaining 10 million frequent flier miles.

Rothstein and Vroom were not impressed.

“I can’t even remember when I cracked 10 million,” said Vroom, 67, a big, amiable Texan, who at last count had logged nearly four times as many. Rothstein, 61, has notched more than 30 million miles.

But all the miles they and 64 other unlimited AAirpass holders racked up went far beyond what American had expected. As its finances began deteriorating a few years ago, the carrier took a hard look at the AAirpass program.

If you’re wondering whether you can still get the AAirpass today, the answer is no. In 2004, American offered the unlimited AAirpass one last time, in the Neiman-Marcus Christmas catalog. At $3 million, plus a companion pass for $2 million more, not one sold.

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Bloomberg Billionaires Index

With Facebook set to IPO on May 18, with the share price set in the $28 to $35 range, Bloomberg has now updated its Billionaire List to reflect Mark Zuckerberg’s wealth at $17.6 billion.

It’s kind of ridiculous, but this billionaire index is updated daily. For instance, here are today’s top 40 wealthiest people according to Bloomberg:

NAME EST. NET WORTH CTRY $ CHG DAILY % CHG YTD
1. Carlos Slim Helu $ 75.0 billion MEX $ 65.5 M 21.7
2. William “Bill” Henry Gates III $ 63.2 billion USA - $ 394.8 M 12.7
3. Warren E. Buffett $ 45.4 billion USA $ 12.2 M 6.1
4. Ingvar Kamprad $ 42.5 billion SWE - $ 570.0 M 14.6
5. Bernard Arnault $ 42.2 billion FRA $ 234.2 M 19.6
6. Amancio Ortega Gaona $ 38.3 billion SPN $ 716.3 M 9.8
7. Lawrence “Larry” Joseph Ellison $ 37.2 billion USA - $ 377.0 M 12.8
8. Charles De Ganahl Koch $ 35.5 billion USA $ 119.7 M 5.7
9. David Hamilton Koch $ 35.5 billion USA $ 119.7 M 5.7
10. Eike Fuhrken Batista $ 31.7 billion BRA - $ 84.6 M 40.8
11. Sheldon Gary Adelson $ 25.0 billion USA - $ 576.9 M 26.6
12. Christy R. Walton $ 24.7 billion USA - $ 35.2 M - 1.3
13. Li Ka-Shing $ 24.6 billion CHN - $ 169.1 M 11.0
14. Stefan Persson $ 24.0 billion SWE $ 379.8 M 10.2
15. Liliane Bettencourt $ 23.8 billion FRA $ 53.2 M 17.7
16. Jim C. Walton $ 23.4 billion USA - $ 6.9 M 0.1
17. David K.R. Thomson $ 23.2 billion CAN - $ 157.2 M 8.5
18. Samuel “Rob” Robson Walton $ 23.0 billion USA - $ 6.8 M 0.2
19. Michele Ferrero $ 22.6 billion ITA - $ 111.3 M 7.4
20. Alice L. Walton $ 22.4 billion USA - $ 6.9 M - 0.2
21. Karl Albrecht $ 22.0 billion GER $ 466.9 M - 1.6
22. George Soros $ 22.0 billion USA - $ 13.6 M 3.7
23. Mukesh D. Ambani $ 21.8 billion IND - $ 444.7 M 1.9
24. Jeffrey “Jeff” Bezos $ 21.4 billion USA - $ 95.4 M 30.5
25. Alwaleed Bin Talal Al Saud $ 20.5 billion SAU 0 18.2
26. Lee Shau Kee $ 19.5 billion CHN - $ 20.3 M 13.0
27. Alisher Usmanov $ 19.3 billion RUS $ 38.4 M 10.8
28. Cheng Yu Tung $ 19.1 billion CHN $ 87.6 M - 4.9
29. Lawrence “Larry” E. Page $ 18.9 billion USA $ 73.3 M - 3.9
30. Sergey Brin $ 18.8 billion USA $ 71.7 M - 3.8
31. Georgina “Gina” Hope Rinehart $ 18.7 billion AUS - $ 144.8 M - 7.5
32. Alberto Bailleres Gonzalez $ 18.6 billion MEX - $ 212.2 M 7.9
33. Rinat Akhmetov $ 18.1 billion UKR - $ 72.1 M 25.8
34. Lakshmi N. Mittal $ 18.0 billion IND - $ 227.7 M - 14.7
35. Iris Fontbona $ 17.7 billion CHL - $ 538.1 M 0.7
36. Mark Elliot Zuckerberg $ 17.6 billion USA - $ 2,900.0 M - 2.2
37. Azim Premji $ 16.3 billion IND $ 97.0 M 1.5
38. Jorge Paulo Lemann $ 15.8 billion BRA $ 20.8 M 28.8
39. Vladimir Lisin $ 15.8 billion RUS - $ 231.7 M 6.3
40. Steve Ballmer $ 15.4 billion USA - $ 38.3 M 17.5

Mark Zuckerberg is number 36 on the list, well ahead of Steve Ballmer.

On another note: this is a good article to read about the Facebook IPO.

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Stephen King on Taxes

In an expletive-filled post, Stephen King says he wants to pay more taxes. King also explains:

Most rich folks paying 28 percent taxes do not give out another 28 percent of their income to charity. Most rich folks like to keep their dough. They don’t strip their bank accounts and investment portfolios. They keep them and then pass them on to their children, their children’s children. And what they do give away is—like the monies my wife and I donate—totally at their own discretion. That’s the rich-guy philosophy in a nutshell: don’t tell us how to use our money; we’ll tell you.

And here is Stephen King’s message to Mitt Romney:

I don’t want you to apologize for being rich; I want you to acknowledge that in America, we all should have to pay our fair share. That our civics classes never taught us that being American means that—sorry, kiddies—you’re on your own. That those who have received much must be obligated to pay—not to give, not to “cut a check and shut up,” in Governor Christie’s words, but to pay—in the same proportion. That’s called stepping up and not whining about it. That’s called patriotism, a word the Tea Partiers love to throw around as long as it doesn’t cost their beloved rich folks any money.

Fun read, even if you disagree with King’s arguments.

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The New International Terminal at Atlanta’s Hartsfield-Jackson International Airport

The new international terminal at Hartsfield-Jackson International Airport in Atlanta will open on May 16, 2012. The Atlanta Journal-Constitution has some details about the “dry run” that took place to test the terminal:

More than 1,600 volunteers streamed into the new $1.4 billion complex bright and early for the dry run. Hundreds had signed up to participate within hours of the airport’s call for helpers in March.

Many were eager to get a sneak peek at the gleaming 1.2 million square-foot terminal and 12-gate concourse — and give some constructive criticism.

The airport gave each volunteer a trip itinerary and script, which they used to get to the new terminal off I-75, check in for a flight, get a fake boarding pass and check bags, pass through security, report to a gate and go through boarding.

Arriving test passengers went through Customs and immigration checks and claimed bags at the new terminal. They were also directed to look for restrooms, duty-free shops, concessions, the information desk, baggage office, taxi stand, shuttles or other amenities.

The terminal is almost four years in the making and comes with a $1.4 billion price tag. The 1.2 million square foot terminal and concourse will facilitate direct flights to 45 countries

I think the biggest benefit of the new international terminal will be the elimination of the need for arriving Atlanta-bound travelers to recheck bags upon arrival (and having to go through security after clearing Customs).

Still, it’s amazing the huge turnout this practice run had. One person interviewed in the story has been following the terminal for ten years and took a vacation day from work to participate.

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Your Parents Don’t Want What Is Best for You

Charles Wheelan has a message for the graduating class of 2012, and it is wonderful. He writes that he became sick of commencement speeches when he graduated. In the decades since his graduation,  he has studied happiness and well-being, and dishes out ten bits of wisdom to the graduating class. It’s a great read.

I completely agree with this advice:

Don’t make the world worse. I know that I’m supposed to tell you to aspire to great things. But I’m going to lower the bar here: Just don’t use your prodigious talents to mess things up. Too many smart people are doing that already. And if you really want to cause social mayhem, it helps to have an Ivy League degree. You are smart and motivated and creative. Everyone will tell you that you can change the world. They are right, but remember that “changing the world” also can include things like skirting financial regulations and selling unhealthy foods to increasingly obese children. I am not asking you to cure cancer. I am just asking you not to spread it.

This one sounds way easier to say than to carry out:

Marry someone smarter than you are. When I was getting a Ph.D., my wife Leah had a steady income. When she wanted to start a software company, I had a job with health benefits. (To clarify, having a “spouse with benefits” is different from having a “friend with benefits.”) You will do better in life if you have a second economic oar in the water. I also want to alert you to the fact that commencement is like shooting smart fish in a barrel. The Phi Beta Kappa members will have pink-and-blue ribbons on their gowns. The summa cum laude graduates have their names printed in the program. Seize the opportunity!

I embrace this strategy/advice daily:

Don’t model your life after a circus animal. Performing animals do tricks because their trainers throw them peanuts or small fish for doing so. You should aspire to do better. You will be a friend, a parent, a coach, an employee—and so on. But only in your job will you be explicitly evaluated and rewarded for your performance. Don’t let your life decisions be distorted by the fact that your boss is the only one tossing you peanuts. If you leave a work task undone in order to meet a friend for dinner, then you are “shirking” your work. But it’s also true that if you cancel dinner to finish your work, then you are shirking your friendship. That’s just not how we usually think of it.

And this one was my favorite:

Your parents don’t want what is best for you. They want what is good for you, which isn’t always the same thing. There is a natural instinct to protect our children from risk and discomfort, and therefore to urge safe choices. Theodore Roosevelt—soldier, explorer, president—once remarked, “It is hard to fail, but it is worse never to have tried to succeed.” Great quote, but I am willing to bet that Teddy’s mother wanted him to be a doctor or a lawyer.

Worth reading in its entirety. What do you think the author missed?

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Chicago via Instagram (Part I)

I recently took a trip to Chicago, IL. This would be my first trip in which I used my primary camera (the Canon 5D Mark II) alongside the camera on my iPhone. I’ve been posting images from Chicago taken with my dSLR on Erudite Expressions, but I wanted to highlight some of the images I captured with Instagram, one of my favorite photography apps on the iPhone.

The first day I arrived to Chicago, it was really windy and foggy.

Chicago fog.

On what would be the windiest day of my trip, I decided to face Lake Michigan at the Navy Pier:

Chicago's Navy Pier.

Walking along Bellevue Street.

The next day I took a walk to Lincoln Park. Along the way, this is what I saw:

Zen living.

Pink bike.

Tunnel view.

A stroll in the park.

Chicago skyline as seen from Lincoln Park.

Inside the Lincoln Park Conservatory.

During my visit to Chicago, I ate at three famous pizza places: Gino’s East, Lou Malnatti’s, and Giordano’s. This is the graffiti inside Gino’s East on 162 East Superior Street, near Michigan Avenue:

Graffiti at Gino's East, Chicago.

After a great lunch, I proceeded to Millenium Park and The Art Institute of Chicago:

Reflections in "The Bean" in Millenium Park.

No visit to Chicago would be complete without a stop at the Apple Store.

Monet's Water Lilies at the Art Institute of Chicago.

Stay tuned for Part II of the post coming later this week. In the meantime, check out my photoblog, where I am posting images on a daily basis that I captured with my dSLR. The dedicated Chicago gallery is here. You can also see a selection of my other Chicago photos on my Flickr feed.

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A Bandit to Hollywood but a Hero to Soldiers

Hyman Strachman, nicknamed Big Hy, is a 92-year-old, 5-foot-5 World War II veteran trying to stay busy after the death of his wife.. He’s doing so by making bootleg copies of Hollywood movies and sending them to the U.S. troops abroad. He started out by using his desktop computer to copy the movies one tedious disc at a time (“It was moyda,” he explained) but has since moved on to a professional $400 duplicator. While Mr. Strachman admits that what he’s been doing isn’t right (and controversial), I think it’s a wonderful story:

In February, Mr. Strachman duplicated and shipped 1,100 movies. (“A slow month,” he said.) He has not kept an official count but estimates that he topped 80,000 discs a year during his heyday in 2007 and 2008, making his total more than 300,000 since he began in 2004. Postage of about $11 a box, and the blank discs themselves, would suggest a personal outlay of over $30,000.

Born in Brooklyn in 1920 to immigrants from Poland, Mr. Strachman left high school during the Depression to work for his family’s window and shade store in Manhattan. He became a stockbroker on Wall Street — “When there were no computers, you had to use your noodle” — before retiring in the early 1990s.

After Mr. Strachman’s wife of more than half a century, Harriet, died in 2003, he discovered a Web site that collected soldiers’ requests for care packages. He noted a consistent plea for movie DVDs and wound up passing his sleepless nights replicating not only the films, but also a feeling of military comradeship that he had not experienced since his own service in the Pacific during World War II.

My favorite comment from The New York Times story comes via Martin in New York:

My 82yo mother doesn’t know what email is, and here we have a 92yo, 5’5″ Long Islander cranking out DVDs on his professional duplicator. Hilarious! 

The story, of course, is not piracy.

This man has discovered a way to make himself valuable again at 92yo and re-connect with an important part of his life; more importantly he’s made himself part of the war effort, something most of us have abdicated.

Shine on, you crazy diamond.

Read the full story here.

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Money Can’t Buy Taste

Marco Arment offers an excellent rebuttal to this Seeking Alpha article about Apple’s eventual downfall. Marco has two major points: time and taste. This was my favorite part of his argument:

Most people don’t have great taste. (And they don’t care, so it doesn’t matter to them.) They usually like tasteful, well-designed products, but often don’t recognize why, or care more about other factors when making buying decisions.

People who naturally recognize tasteful, well-designed products are a small subset of the population. But people who can create them are a much smaller subset.

Taste in product creation overlaps a lot with design: doing it well requires it to be valued, rewarded, and embedded in the company’s culture and upper leadership. If it’s not, great taste can’t guide product decisions, and great designers leave.

No amount of money, and no small amount of time, can buy taste.

Spot on.

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Stunning Time Lapse Video of Portland, Oregon

Finding Portland is a stunning time lapse video that was produced, shot, and edited in 51 days during March and April at the invitation of TEDx Portland. Filmed in Portland and the Columbia Gorge, we take in many sights of the city and its surroundings. From a Portland Timbers season opening soccer game, to the top of the Fremont Bridge, to an aerial shot of Oneonta Gorge, to a Portland Trailblazers game, to a brief tour of Powell’s City of Books, this video covers the city and its surroundings from many incredible angles.

According to Ben Canales, John Waller, Steve Engman, Blake Johnson, the people behind Uncage the Soul productions, the video is comprised of 308,829 distinct photographs taken from over 50 unique locations. It took an average of 3.8 hours to make each second of this film. The intent of the project was to place our cameras in unique locations across the city, achieve significant ranges of dynamic camera motion, and pursue cutting edge time-lapse techniques.

This is one of the best urban time lapses I have ever seen, and it certainly deserves much recognition.

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(via PetaPixel)

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London 2012: Social Media Olympics

With less than 100 days to go until the London 2012 Summer Olympics, The Wall Street Journal reports:

This year promises to be the first truly social Olympic Games. Television networks are planning to incorporate athletes’ Twitter posts into broadcast spots, and marketers are planning a flood of Facebook marketing tied to the Games.

For the IOC’s part, it is trying to strike a balance between allowing athletes and fans to post messages, photos and reactions online, but also protecting the sanctity of events and the stream of money from TV rights around the world.

The Olympic Athletes’ Hub collects in a single directory the existing Facebook and Twitter profiles from athletes around the world.

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