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🔗 Business 🔗 Japan 🔗 Japan/Law and government 🔗 Japan/Business and economy

The Employment Ice Age (Japanese: 就職氷河期, romanized: Shūshoku Hyōgaki) is a term in Japan that refers to a period starting around 1994 and ending by 2004 where young graduates, as well as those who had lost their first jobs due to the Bubble Economy collapsing, were unable to find stable sources of employment. This phenomenon took place during the Lost Decades, and the cohort affected, Generation X, came to be referred to as the “Lost Generation” or the “Ice Age Generation”.

The phenomenon was triggered by the burst of the Japanese “Bubble Economy”, which although initially believed to be a temporary recession, by 1994 saw long-term economic stagnation in the Japanese economy, ushering in the uncertainties of the “Lost Decade”. To cut costs and protect older workers, companies offered limited numbers of jobs, shutting recent graduates out of the workforce, thus triggering the “Employment Ice Age”.

Those affected by the Employment Ice Age became accustomed to unstable and temporary employment, if any at all. The period severely affected Generation X (people in their 40s and 50s in 2020), encouraging social issues such as the development of the hikikomori, a spike in suicide rates, and the phenomenon of jōhatsu, as well as impacting their financial well-being, health, outlook, and ability to start families.

Given Japan's aging population, there is concern that government focus on the elderly has overshadowed those too poor to have ever started a family, who themselves will be moving into old age largely devoid of the financial resources other generations had. Government efforts on this matter have been deemed far too little and too late, and Nikkei writers claim that lawmakers remain unaware of the gravity of the situation.

🔗 Business

A shotgun clause (or Texas Shootout Clause) is a term of art, rather than a legal term. It is a specific type of exit provision that may be included in a shareholders' agreement, and may often be referred to as a buy-sell agreement. The shotgun clause allows a shareholder to offer a specific price per share for the other shareholder(s)' shares; the other shareholder(s) must then either accept the offer or buy the offering shareholder's shares at that price per share.

🔗 Economics 🔗 Systems 🔗 Business 🔗 Sociology 🔗 Organizations 🔗 Engineering 🔗 Systems/Project management

Parkinson's law is the adage that "work expands so as to fill the time available for its completion". It is sometimes applied to the growth of bureaucracy in an organization.

🔗 Biography 🔗 California 🔗 California/San Francisco Bay Area 🔗 Finance & Investment 🔗 Business

Ronald Crawford Conway (born March 9, 1951) is an American angel investor and philanthropist, often described as one of Silicon Valley's "super angels". Conway is recognized as a strong networker.

🔗 Internet 🔗 Internet culture 🔗 Business 🔗 Politics 🔗 Sociology

The Streisand effect is a social phenomenon that occurs when an attempt to hide, remove, or censor information has the unintended consequence of further publicizing that information, often via the Internet. It is named after American entertainer Barbra Streisand, whose attempt to suppress photographs of her residence in Malibu, California inadvertently drew further attention to it in 2003.

Attempts to suppress information are often made through cease-and-desist letters, but instead of being suppressed, the information receives extensive publicity, as well as media extensions such as videos and spoof songs, which can be mirrored on the Internet or distributed on file-sharing networks.

The Streisand effect is an example of psychological reactance, wherein once people are aware that some information is being kept from them, they are significantly more motivated to access and spread that information.

🔗 Computing 🔗 Business 🔗 Computing/Software 🔗 Business/Accounting

VisiCalc (for "visible calculator") was the first spreadsheet computer program for personal computers, originally released for the Apple II by VisiCorp. It is often considered the application that turned the microcomputer from a hobby for computer enthusiasts into a serious business tool, prompting IBM to introduce the IBM PC two years later. VisiCalc is considered the Apple II's killer app. It sold over 700,000 copies in six years, and as many as 1 million copies over its history.

Initially developed for the Apple II using a 6502 assembler running on the Multics time sharing system, VisiCalc was ported to numerous platforms, both 8-bit and some of the early 16-bit systems. In order to do this, the company developed porting platforms that produced bug compatible versions. The company took the same approach when the IBM PC was launched, producing a product that was essentially identical to the original 8-bit Apple II version. Sales were initially brisk, with about 300,000 copies sold.

VisiCalc used the A1 notation in formulas.

When Lotus 1-2-3 was launched in 1983, taking full advantage of the expanded memory and screen of the PC, VisiCalc sales ended almost overnight. Sales declined so rapidly that the company was soon insolvent. Lotus Development purchased the company in 1985, and immediately ended sales of VisiCalc and the company's other products.

🔗 Biography 🔗 Computing 🔗 London 🔗 Philosophy 🔗 Philosophy/Logic 🔗 Business 🔗 England 🔗 Biography/science and academia 🔗 Philosophy/Philosophers 🔗 Philately 🔗 Biography/Core biographies

Charles Babbage (; 26 December 1791 – 18 October 1871) was an English polymath. A mathematician, philosopher, inventor and mechanical engineer, Babbage originated the concept of a digital programmable computer.

Considered by some to be a father of the computer, Babbage is credited with inventing the first mechanical computer that eventually led to more complex electronic designs, though all the essential ideas of modern computers are to be found in Babbage's Analytical Engine. His varied work in other fields has led him to be described as "pre-eminent" among the many polymaths of his century.

Parts of Babbage's incomplete mechanisms are on display in the Science Museum in London. In 1991, a functioning difference engine was constructed from Babbage's original plans. Built to tolerances achievable in the 19th century, the success of the finished engine indicated that Babbage's machine would have worked.

🔗 History 🔗 Economics 🔗 Philosophy 🔗 Business 🔗 Philosophy/Ethics

A perverse incentive is an incentive that has an unintended and undesirable result that is contrary to the intentions of its designers. The cobra effect is the most direct kind of perverse incentive, typically because the incentive unintentionally rewards people for making the issue worse. The term is used to illustrate how incorrect stimulation in economics and politics can cause unintended consequences.

🔗 Computing 🔗 Crime 🔗 Computer Security 🔗 Computer Security/Computing 🔗 Business 🔗 Computing/Software

A scandal erupted in 2005 regarding Sony BMG's implementation of copy protection measures on about 22 million CDs. When inserted into a computer, the CDs installed one of two pieces of software that provided a form of digital rights management (DRM) by modifying the operating system to interfere with CD copying. Neither program could easily be uninstalled, and they created vulnerabilities that were exploited by unrelated malware. One of the programs would install and "phone home" with reports on the user's private listening habits, even if the user refused its end-user license agreement (EULA), while the other was not mentioned in the EULA at all. Both programs contained code from several pieces of copylefted free software in an apparent infringement of copyright, and configured the operating system to hide the software's existence, leading to both programs being classified as rootkits.

Sony BMG initially denied that the rootkits were harmful. It then released an uninstaller for one of the programs that merely made the program's files visible while also installing additional software that could not be easily removed, collected an email address from the user and introduced further security vulnerabilities.

Following public outcry, government investigations and class-action lawsuits in 2005 and 2006, Sony BMG partially addressed the scandal with consumer settlements, a recall of about 10% of the affected CDs and the suspension of CD copy-protection efforts in early 2007.

🔗 United States 🔗 International relations 🔗 Business 🔗 Politics 🔗 Trade 🔗 Taxation 🔗 Presidents of the United States 🔗 Presidents of the United States/Donald Trump

"Trump Always Chickens Out" (TACO) is a pejorative description of the perceived tendency of US president Donald Trump to make threats, only to later delay or renege on them as a way to increase time for negotiations and for markets to rebound. The phrase was popularized in May 2025 after the many threats and reversals during the trade war he initiated with his "Liberation Day" tariffs. On Wall Street, a TACO trade is buying stocks cheaply after a tariff announcement pushes stocks lower, then selling them at a profit after the tariffs are delayed or reduced and the market rebounds.

By 2026, TACO was also used for Trump's decisions in the realm of foreign policy, specifically his reversal of threats to annex Greenland, his attempt to find an abrupt exit for the escalating 2026 Iran War as global securities began to fall due to the rise in oil prices, and his last-minute ceasefire deal for the Iran War itself before the deadline for the American bombing campaign.