Trump’s Businesses Are Hundreds of Millions in Debt. Is This Unusual?
Answer by Peter Lynch, VP at Argenta Partners, former analyst at J.P. Morgan and Rabobank:
It is very common for a business to employ leverage (debt) in an effort to reduce the overall cost of capital and to boost returns to shareholders. The decision to assume debt should follow a very careful evaluation of the company’s cash generation and potential to maintain appropriate levels of liquidity moving forward. From what I read, it appears this last step is where Donald Trump struggles.
Why does Star Trek have a huge following?
The Star Trek franchise celebrated its 50th anniversary in September. During that 50 years, more than 700 episodes and 13 movies have been made. One could watch Star Trek for more than 500 hours without seeing anything twice.
Star Trek stories are humanistic; they are founded in Gene Roddenberry’s belief in the perfectible human. They provide an optimistic vision of our future. Star Trek tells us that no matter how crazy the world may look today, it will get better. We will get better. There will be a time in which doing great things will be the norm.
Contrary to the common perception, Star Trek did not perform poorly when it aired on NBC between 1966 and 1969, but it didn’t perform strongly enough to justify its very high cost. After airing its third season during a time period in which its core audience wouldn’t be home, NBC canceled the series. Three seasons of a show used to be an important benchmark, because it made the show a valid candidate for syndication sales. During the mid-1970s, UHF stations all over America purchased the rights to re-air those three seasons. It began to air daily and found audiences that missed out the first time. The popularity of the show grew immensely, particularly amongst juveniles and young adults. Vietnam was over, and man had walked on the moon. There was a vast sea of young people who found the bright future of Star Trek inspirational.
Star Trek depicts a meritocracy. The characters were cool not because of looks, wealth, or social position, but because they were very good at their jobs. It is a rare television show that sends the message that it is cool to be smart.
Star Trek’s optimistic view of the future stands as a contrast to the bulk of science fiction. Most television and cinematic science fiction depicts varying dystopian futures. Dystopia provides writers with shortcuts to conflict; it’s easier. When just making it through the day provides conflict, writers don’t have to generate as many new ideas. Star Trek thrives on those new ideas.
Star Trek’s “Wagon Train to the stars” construct meant that each episode found the crew in a new place. Each new world enabled the writers to imagine new scenarios to challenge the crew of the Enterprise. The veil of new species and new civilizations allowed the writers to tell issues stories and create moral plays that probed our contemporary views without overtly criticizing them.
The ridiculousness of racism could be exposed through the artifice of an alien white on one side of his body and black on the other in conflict with an alien black on one side and white on the other. The Vietnam War and the Cold War could be criticized by putting the Federation and the Klingons in the position of arming less developed planets in the buffer zone between them. The roles of technology and automation could be examined in an episode that depicted a computer replacing the captain of the ship. Our very humanity could be examined by telling stories about an outworlder from the planet Vulcan or a man-made android.
Star Trek excelled in its characters and casting. The original series focused on a trinity of characters. At the center was the classic hero, Captain Kirk, a dashing and passionate adventurer burdened with the responsibilities of command. Like angels and devils on his shoulder were his advisers, Spock, the logical Vulcan viewing the world through a cerebral lens, and McCoy, the ship’s physician and the very embodiment of heart, compassion, and morality. Surrounding them was a spectrum of diversity that showed us people of different backgrounds working together, seamlessly.
Star Trek showed blacks, Asians, and women in roles of respect in a time when that was not the norm. Whoopi Goldberg has talked about freaking out when, as a child, she tuned into Star Trek and saw that black women were part of the future. Nichelle Nichols has told the story of how when she was contemplating leaving the show, Dr. Martin Luther King Jr. told her not to, because her character was a symbol of hope for equality.
I came to Star Trek long before I understood the concept of race. The fact that Uhura’s skin was browner than Scotty’s or that Sulu’s eyes were different than Chekov’s was shown as being no more significant than the fact that Scotty’s hair was a darker color than Captain Kirk’s hair.
Twenty-one years after Star Trek premiered on NBC, a new television series called Star Trek: The Next Generation began airing in syndication. It was a huge success and ran for seven seasons. It continued the formula of a bright future, a highly competent crew, and moral plays.
Three more television series followed, but the concept had been saturated. For 18 years, Star Trek appeared on television on a weekly basis. It lost its casual audience and was surviving off of only the die-hards. So, Star Trek took a four-year break.
The strengths of Star Trek make it best suited for television and less well suited for the cinema. It has had mixed success on the big screen. The multiplex is about spectacle. When Star Trek returned to the big screen in 2009 it was welcomed by a large audience, but it wasn’t quite Star Trek. Star Trek is more about thinking and talking than blowing things up. In 2017, Star Trek will return to its native format and hopefully that audience will be hungry, again.
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Can Social Media Fulfill Our Need for Friendship?
Answer by Erica Friedman, 25 years of telling people how to do online community right:
One-hundred percent effectively to 0 percent effectively, depending on the person.
I’m going to propose a person, an average person. Her name is Joanna. Joanna has two kids in their late teens and a job that she likes in an office, and she likes get-togethers with family and friends. She doesn’t travel much, but she and her friends and their spouses often go over to one another’s houses for potluck family parties. She watches TV, sometimes goes out to a movie, and is a casual fan of pop music and culture. She’s moderately physically active. Fairly average, yes?
What’s a Potential Epidemic That No One Is Talking About?
When we hear the word epidemic, we typically think of diseases—often communicable diseases—but maybe we shouldn't. An epidemic that isn't so much potential, but real, has been with us for at least a century and is only increasing in importance: road injuries. Also important to remember that one doesn't need to be a driver to fall victim to road injuries. Victims include cyclists, motorcyclists, passengers, and pedestrians.
What Is It Like to Fly Older Aircraft?
Answer by John Chesire, four decades of aviation experience:*
Compared with today’s passenger aircraft, they were much more difficult to fly. The instrumentation was minimal, and the control pressures were like driving a heavy dump truck.
Are Self-Published Books Inferior to Professionally Published Books?
Answer by Archie D'Cruz, editor, designer, writer:
To give some context:
One of my clients is a “big five” publisher, based in New York. I also have a few other clients in publishing, ranging in size from fairly large to very small. I also know at least 20 authors who have self-published.
How Do Entrepreneurs Think of Ideas for Startups?
Answer by Yair Weinberger, founder of alooma.com:
There is no such thing as an “idea” for a startup, at least not in the sense that most people are thinking about it. At least not in business-to-business, but I suspect not in business-to-consumer either.
What was the “idea” behind Google, Salesforce, or Slack? We used IRC 20 years ago and HipChat two years ago, but the great product and great execution of Slack took the market amazingly fast.
Is Sherlock Holmes Rich?
Answer by Kynan Eng, tech startups and research, neuromorphic engineering:
It is not clear if Sherlock Holmes is rich, but he will need a decent after-tax income to live his lifestyle in modern London in 2016: 7,680 pounds ($10,064) per month living on his own or 5,460 pounds ($7,155) living with Watson. Before tax, he will need to make a rather hefty 12,828 pounds ($16,810) per month to live on his own or 8,346 pounds ($10,937) per month with Watson. We’ll assume that he doesn’t have any student loans or special tax exemptions.
Do Antibacterial Soaps Do More Harm Than Good?
Over the years, the consensus that the harm caused by antibacterial soaps outweighs the benefits has indeed coalesced. But to understand how antibacterial soaps could harm, we first need to understand how they differ from regular soaps. Also referred to as antimicrobial or antiseptic soaps, they contain chemicals that regular soaps don't.
How Do You Take a Good Selfie?
Answer by Mira Zaslove, shutter-bug, taken thousands upon thousands of photos:
Selfies are tough, because you are both the model and the photographer. Generally, I prefer being behind the camera, rather than in front of it. However, I’ve taken my share of selfies. Most make me cringe, but there are a few things you can do to make them more successful.