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Why Warren Buffett Funds Birth Control Research

Quietly, steadily, the Buffett family is funding the biggest shift in birth control in a generation. “For Warren, it’s economic. He thinks that unless women can control their fertility—and that it’s basically their right to control their fertility—that you are sort of wasting more than half of the brainpower in the United States,” DeSarno said about Buffett’s funding of reproductive health in the 2008 interview. “Well, not just the United States. Worldwide.”

Karen Weise writing in Bloomberg Businessweek about Warren Buffett’s financial support of contraceptive research and access. Over the last decade, the Buffett Foundation has quietly funded a birth control revolution, becoming the most influential supporter of research on IUDs and expanding access to the contraceptive.

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Start Your Own Micronation

Liberland is one of Europe’s newest would-be countries. Czech politician Vit Jedlicka and two fellow libertarians founded it in mid-April, claiming about 2.7 square miles of no man’s land between Croatia and Serbia. The idea is to create a “European Singapore,” where taxes are voluntary, Jedlicka told Bloomberg Business recently. Writing for the BBC, Rose Eveleth took a look at an older self-proclaimed sovereign state, the Principality of Sealand.

Since 1967 there have been all kinds of debates over whether or not Sealand is in fact a nation. Here’s what Michael told me when I asked: “We have never asked for recognition, and we’ve never felt the need to ask for recognition. You don’t have to have recognition to be a state, you just have to fulfill the criteria of the Montevideo Convention which is population, territory, government and the capacity to enter into negotiation with other states. We can and we have done all these things. We’ve had the German ambassador visit at one point to discuss something: that was defacto recognition. We’ve had communication with the president of France many years ago, but we have never asked for recognition and we don’t feel we need it.”

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‘Playing Chicken’ in China’s Stock Market

The fact that Chinese stocks were climbing ever higher while the Chinese economy was cooling should have been an unmistakable warning of a bubble, but it caused surprisingly little concern. (Another reason to worry might have been the disparity in prices between so-called “A-shares”, which can only be purchased by investors inside China to keep the domestic market shielded from outside foreign manipulation, and stakes in the same companies available to foreign investors through the Hong Kong exchange, known as “H-Shares”. This disparity suggested Chinese investors were bidding up prices well beyond any reasonable approximation of their value.) In fact, drawn by the casino-like profits to be made in the boom, more and more small investors flocked to the thousands of brokerage houses that are now proliferating in every Chinese city in order to buy and sell while staring up at flickering electronic data boards charting the rise and fall of equity prices.

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The party might have been excused if it had simply eschewed responsibility for what was happening. After all, markets have a logic of their own that makes them both rise and fall according to their own forces. But, instead of simply saying, “Not our problem”, it launched a massive socialist-style rescue campaign, thereby making the party responsible for everything that happened thereafter.

Why did the party allow itself to become stuck in this quicksand? Leaders evidently felt themselves threatened not only by the collapsing share prices, but by what they also feared would be perceived as an erosion of their own credibility. What they seem to have concluded was at stake was their ability to continue projecting an image of omnipotence – the appearance, at least, of being strong enough to continue guiding and controlling “all under heaven” (tianxia).

—In his Guardian story, “Why China’s stock market was always bound to burst,” Orville Schell explains what led to the rout, and why the government is intervening. “It is a game of chicken,” a China strategist told Bloomberg Business in a story about China’s increasingly forceful efforts to prop up the market. “For now, it seems to be working.”

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Obama’s Typographic Legacy

Image via Wikimedia Commons

The relative distinctiveness of campaign logos is a recent development: There was a time when they all looked basically the same, give or take a star, often featuring the same stylized, waving flag.

The 1990s and early 2000s were a different time, with less media noise and fewer shiny objects vying for voters’ attention, so there was less need for candidates to distinguish themselves through symbolism and color—and perhaps a hesitation to do anything that stood out too much. Instead, virtually all of them opted for similar shades of red and blue, and used similar fonts and imagery.

It was the 2008 election, and that famous letter “O,” that changed everything, says designer Sagi Haviv, a partner in the New York firm Chermayeff & Geismar & Haviv who has designed logos for the Library of Congress, Armani Exchange, and Harvard University Press, among other clients.

Ali Elkin writing for Bloomberg Politics about campaign logo design. Elkin posits that President Barack Obama’s iconic “O” logo fundamentally shifted the way candidates think about design and branding. Her piece also includes a wonderful critique of the 2016 campaign logos from designer Sagi Haviv.

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The Art of Paint-and-Sip Franchising

The paint-and-sip industry is a little more than a decade old. People show up to drink while an instructor slowly guides them, step-by-step, through the creation of a prechosen design. The idea was pioneered by Painting With a Twist, which two women in New Orleans started while looking for a reason to gather after Hurricane Katrina; it now has 200-plus locations, more than a third of which opened last year. Based on growth, it was rated the No. 1 franchise in Entrepreneur magazine’s Franchise 500 list.

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A typical Paint Nite teacher is a young, full-time artist or an older art teacher. Many, like Boston’s Callie Hastings, who is now on staff at the company, once taught preschool. She says teaching 4-year-olds how to paint isn’t all that different from teaching drunk people: “They have short attention spans. So you have to talk in short sentences.” She was surprised to find that people didn’t choose classes based on date or location, but on the painting itself. They will drive an extra 45 minutes, past two other Paint Nite locations, to execute the pastoral landscape that will go perfectly in their dining room. To avoid copyright issues, all the paintings have been created by Paint Nite artists, and there’s a huge selection. One of Paint Nite’s first crises came when artists got mad that other people were using their works in classes. Now instructors give $10 per session to the creator of the work.

Choosing the painting that brings in a crowd is an art in itself: The work can’t look so challenging that you’d have trouble reproducing it drunk; it should involve nature and have enough contrast to look good on social media; and, if possible, it should knock off a famous impressionist. Most artists learn this the hard way, despite the advice in Paint Nite’s starter kit. “A lot of them pick paintings based on what they like,” McGrail says. “One artist, Raisin—that was his first and last name—had a giraffe coming out of an elephant penis. Not surprisingly, it didn’t sell that well.” After years of pushing artists to hire a nude male model—Hermann and McGrail wanted to call it Asstastic night—without anyone taking them up on it, they recently got an instructor to do it in Boston in June. Demand was so high they had to rent out a theater.

—Joel Stein, in Bloomberg Businessweekprofiles a franchise with a $39 million valuation called Paint Nite, which arranges painting classes led by artists at bars. Participants pledge not to use the words “mine sucks.”

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The Top 5 Longreads of the Week

Below, our favorite stories of the week. Kindle users, you can also get them as a Readlist.

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The Mayor vs. the Mogul

Longreads Pick

Deeply reported look at the power struggle inside Michael Bloomberg’s media business as he returns to lead it.

Source: Politico
Published: Jun 19, 2015
Length: 39 minutes (9,961 words)

The Top 5 Longreads of the Week

Below, our favorite stories of the week. Kindle users, you can also get them as a Readlist.

Sign up to receive this list free every Friday in your inbox.

* * *

Read more…

What Is Code?

Longreads Pick

Paul Ford and Bloomberg Businessweek collaborate on a 38,000-word essay meant to answer the big and small questions of what it means to be a coder: how programming works, why it matters, and whether you should start learning yourself.

Author: Paul Ford
Published: Jun 11, 2015
Length: 152 minutes (38,000 words)

Canada’s National Magazine Award Winners: A Reading List

Canada's Magazine of the Year Gold winner, Nouveau Projet

Below is a guest reading list by Eva Holland, a writer and editor based in Canada’s Yukon Territory, whose work we’ve featured on Longreads many times in the past.

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Canada’s magazine industry recently threw its biggest party of the year: the National Magazine Awards. The Canadian event differs from the American Ellies, with more categories and more nominees per category: this year’s awards were up for grabs among 326 nominees from 80 publications, spread across 43 categories. “Gold” and “silver” winners get awards, and the balance of the nominees receive honorable mentions. That spawns the occasional joke about how in Canadian magazines, everyone gets a medal for participation, but—go ahead, call me biased (I was a nominee/honorable mention in the “society” category, for “The Forgotten Internment”)—I like the way our format lets us celebrate many different sorts of work, not just the “biggest,” most ambitious features.

Here are a few of my favorites from among this year’s winners: Read more…