Tag Archives: greed

Art

Museum Celebrates Banksy- An Artist Who Hates Museums

May 8, 2024 The Silo Leave a comment

(NEW YORK) – The presence of The Banksy Museum in New York City has been confirmed. SoHo is now the home to the world’s largest collection of Banksy’s life-sized murals and artwork. Located at 227 Canal Street (at Broadway), NYC The Banksy Museum is now open, in preview, to the public. The official press opening is Wednesday, May 15. Tickets are now available online at MuseumBanksy.com and on site at the museum. Advance reservations are strongly encouraged.
Displaying over 160 works by the world’s most famous-yet-anonymous street artist, The Banksy Museum recreates the revolutionary and often ephemeral art that Banksy has painted on surfaces in London, Bristol, Paris, Venice, Bethlehem, New York, Los Angeles, and beyond. Visitors to the museum will immerse themselves in an environmental experience, giving viewers access to Banksy creations, much of which has long since been whitewashed or dismantled. Beyond the iconic street art, the exhibition also features some of the artist’s studio work, as well as animated visual and video elements.
The New York Banksy Museum experience, an American premiere, follows successful exhibitions in Paris, Barcelona, Kraków and Brussels. The new exhibition, a New York premiere, is expanded to over 160 recreations, making it the largest display of Banksy work ever seen in a single setting.

In Wall and Piece, one of his four books containing photographs of his work complemented with his own thoughts, Banksy says “copyright is for losers” and encourages non-commercial use of his work for activism and the public’s personal enjoyment.
Banksy’s art has been further amplified by worldwide media coverage of his rebellious pranks. Between 2003 – 2005, Banksy made headlines by covertly placing his artwork beside masterpieces at The Tate and The British Museums in London; The Louvre in París; and The Museum of Modern Art (MoMA), The Metropolitan Museum of Art, The Brooklyn Museum and The American Museum of Natural History in New York. In 2018, Banksy shook the art establishment when he orchestrated the self-destruction of his canvas, “Girl with Balloon,“ having it drop through a shredder built into the bottom of its gilt frame just moments after it sold for $1.4 million usd / $1.92 million cad at Sotheby’s. The first artwork in history to have been created live during an auction, the work was renamed “Love Is In The Bin” and resold for $25.4 million usd/ $34.9 million cad just three years later.
The art world has coined the phrase “the Banksy effect” to illustrate the increased interest in other street artists, largely due to Banksy’s overwhelming international success.

For the Silo, Brett Oberman.

Culture

How To Find Meaning Of Christmas In Our Politically Correct World

December 25, 2023 The Silo 6 Comments

It seems that every where you turn these days, it is becoming incorrect to celebrate the Christmas holidays in “the manner in which you have become accustomed”- at least in the matter in which I have become accustomed.

To truly celebrate the Christmas season, and that’s what it is, no matter what anyone says, I have become open-minded and willing to accept EVERYONE’S ideas for the holiday season. If you disagree, please refrain from attending any “holiday” parties or dinners, taking the day off on December 25th or 26th (should you work for a company that still acknowledges these days as holidays) and carry on as usual. Should you happen to work for the government you are safe (for now) as they would never legislate against their own days off, although when it comes to politicians, I don’t believe never is in their vocabulary (particularly when it comes to matters involving taxes).

The true “spirit” of the holiday season (oops, I meant to say Christmas) is for people to pause and give thanks. According to the man-made calendar of months and years, we are getting ready to start a New Year.

We give thanks for the things we have received in the past (not to be confused with Thanksgiving, another man-made tradition) and offer gifts to the people that have blessed us over the past year.

Being the humble (not humbug, Mr. Scrooge) creatures that we are, we also accept gifts from others (although for most it is not OUR birthday), all the while muttering that we aren’t worthy. Once these gifts are exchanged, a significant amount of “Why would she buy me this?” and “I don’t NEED another scarf” or “Does he think I’m that big?” are voiced in private, to be repeated over the next month or so. In the days immediately following Christmas, our thankful spirit has usually been diminished significantly.

The greatest reason for pausing at the end of the year (and any time, for that matter) is to be grateful for what you have. Being grateful does not mean that you have to thank every one in your life personally, and you DON’T have to buy them a gift. If you are expecting a gift from someone you are probably going to be disappointed, and if you don’t reciprocate in kind you are going to be REALLY disappointed. If you have chosen to be open-minded I want to thank you for getting this far. I hope that you will also be open to a spiritual suggestion that will make you feel happy inside even though you may have received nothing outside.

Whether it is Christmas, Rosh Hashanah, the Chinese New Year, Hanukkah or Guy Lombardo’s Rocking New Year’s Eve, let those people who enjoy these festivals enjoy them. When someone acknowledges you with a holiday greeting that you are unfamiliar with, don’t believe in or if it makes you blow a gasket, pause for a moment and reply with a hearty “That’s The Spirit!”. Unless they have an aversion to ghosts, that reply should be fairly safe no matter what the season.

Let others grumble and complain that Christmas is too commercialized, the spirit of giving has been lost (or is too expensive), kids are spoiled today, no one appreciates anything and the holidays are just too much of a hassle anymore. Bellowing “That’s The Spirit!” right back at them is a great stress reliever, and at the very least will allow them to walk away from you (quickly, perhaps) in much the same way Lucy was bowled over by Charlie Brown’s enthusiastic “That’s It!” in “A Charlie Brown Christmas”.

At the risk of revealing my upbringing, I wish everyone a “Merry Christmas”, “Happy New Year” and a “God bless us, everyone”. By the way, for me it truly IS a wonderful life… For the Silo, Rick Fess.

Finance

Tinder suing for 2 billion dollars over stock devaluation

November 24, 2021 The Silo Leave a comment

With closing arguments expected to begin next week, the Tinder/Match trial has once again proven that when things go wrong in the world of online dating, they go very, very wrong.

With the Ashley Madison dumpster fire still in our collective memory, the founder of Tinder is suing for $2 billion usd, alleging that two companies – Barry Diller’s IAC/InterActiveGroup and Match Group – artificially devalued Tinder before the group could exercise stock options in the online dating platform. They claim the companies created and communicated false information to investment bankers and covered up sexual misconduct accusations against a former Match Group executive as part of the scheme.

Sean Rad (arguably the best name ever for the founder of a dating app) and the other Tinder co-founders, who at the time of sale owned 20% of the company, argue that Diller and his team undertook activities to deeply undervalue Tinder at $3 billion usd. Rad’s claim is that Diller repeatedly lied to the banks and this dramatically reduced the acquisition price.

Tinder's $2 Billion Claim of Low-Ball Match Buyout Goes to Court - Bloomberg

IAC and Match hired high-profile lawyer Bill Carmody to represent them here. The same Bill Carmody that put $480 million usd in the pocket of WeWork’s comically villainous Adam Newman in a claim against SoftBank. And, yes, the same Bill Carmody that represented Uber against Waymo.

The case, Rad v. IAC/InterActiveCorp, has taken several dramatic turns. While the trial was still in opening arguments on November 8th, IAC/Match called twice for a mistrial and failed both times. Character assasination has been the rule of the day throughout the trial, with a landscape of destroyed emails, personal vendettas, and the requisite penis drawing.

The case was expected to have wrapped up by Thanksgiving, but the Tinder founders are going to have to delay their feast a few days as the bad blood continues to boil in the courtroom.

On Monday, Rad accused former Match Group CEO Greg Blatt of grabbing him during a break in the trial. Laughably – but showing how intense and polarized this case is – the incident between the two has been described as everything ranging from a failed attempt at a fist pump to an assault by Barry Diller’s henchman.

So it’s understandable that it’s easy for people to see this case as perfect fodder for a Netflix series on American greed. The legal documents in the suit tell a story of a company looking to acquire another successful company in their particular vertical – here, the massive online dating space. Rather than pay fairly for the company, Diller and his companies created an elaborate fiction in the form of an unrealistic worst-case financial scenario for Tinder that valued the company at $3 billion usd, where a much more rosy yet still realistic valuation would have seen Tinder valued at up to $12 billion usd.

Victory for Match/IAC here would be paying out significantly less than the $2 billion usd Rad claims that he and others in the suit are out of pocket given the facts of the claim.

Tinder $2B Legal Battle is Finally Getting Its Day in Court - dot.LA

As Charlie Cartwright, a Florida lawyer points out:

“It’s possible that a case such as this, with so much at stake, could still settle before the judge puts the outcome in the hands of the jury.”

While both sides are resolved to win this heated case, settlement makes a lot of sense as Match simply doesn’t have $2 billion usd cash on hand, though they do surprisingly have access to well over $1 billion usd. A legal and regulatory analyst recently told the New York Post that a realistic settlement would be in the $300-$700 million usd range, yet a spokesperson for Match Group said that was entirely speculative.

It’s probably not inaccurate speciation. Ultimately, it’s not like the Tinder founders and other executives haven’t done very well from running and selling Tinder anyway. So, for them, while the money is important, a moral victory wrapped in a healthy settlement figure might be the tasty and satisfying holiday feast they’re waiting for.

This would also keep the case out of the hands of a jury. It’s important not to gloss over the fact that people are very polarized about not only apps that match people, but the characters who make these apps and run these businesses. The Ashley Madison scandal is recent enough for a jury to remember not only an app that ruined lives, but the nature of the people behind the business.

Whether the case settles or is handed to a jury, the real issue here is that Tinder generated a massive amount of revenue over the years and grew into a very successful company. It’s just a question of how the ultimate pie that was actually created should have be equitably divided if the value of Tinder wasn’t manipulated.

Culture

United Nations Sustainable Development Goals Are Shared Vision Of Humanity

August 28, 2018 The Silo Leave a comment

A few years ago, in September 2015, 193 countries signed up to support the UN’s 17 sustainable development goals for our planet and the people that live on it. The all-encompassing plan included promises to end poverty, feed everyone, create stability and peace, provide quality education and protect the future of our world. Every man, woman and child on the planet were invited to play their part to turn 17 goals into action and the promises into reality.

Goal 4 promised to achieve inclusive and equitable quality education for all. “OECD countries have generally been successful in guaranteeing adequate infrastructure and near-universal access to basic education,” says Andreas Schleicher, Director for Education and Skills at the OECD. But he notes that participation in education is not enough “to ensure the knowledge, competence, skills and attitudes that are necessary to increase individuals’ well-being and the prosperity of modern societies.” He adds that the OECD’s programs have a key role to play “in the achievement of – and measuring progress towards – SDG 4 and its targets, as well as other education-related SDG targets.”

“Just because poverty or pollution or climate change happen in another country far away, that does not mean that we are not part of the cause of these problems and their necessary solution.” — Thomas Gass
Since September 2015, education leaders and other influencers around the world have encouraged schools to promote all the goals. We’ve talked to teachers that acknowledge there’s nothing like real world challenges and case studies which allow students to apply the knowledge skills and dispositions they will need to succeed in an interconnected world.

How are we all doing so far? What have leaders learned from the implementation journey, and as a new school year begins, how can we build on those lessons to improve our efforts to achieve our planet’s plan moving forward?

Thomas Gass was appointed by the UN Secretary-General as Assistant Secretary-General for Policy Coordination and Inter-Agency Affairs in UN DESA and he took office on 3 September 2013. The Global Search for Education welcomes Thomas Gass.

“Educators have an essential role in making sure the SDGs become a real social contract with the people.” — Thomas Gass

Thomas, please share one or two of the most important lessons you have personally learned spearheading the SDG’s implementation process thus far? It’s simple: The SDG’s are not a run-off-the-mill development strategy for big international organisations to fix the problems in the South… The SDGs are a shared vision of humanity – they are the missing (vision) piece of our globalization puzzle! This means that they can only be implemented if everyone is involved: Governments of course, but also municipalities, private companies, schools and universities, local organisations and individuals – everyone. Now, that can only happen if the people know about them… So mobilization and advocacy are crucial. The SDGs must become a new social contract between leaders and the people.

Leaders agreed that we must change the way we deal with the weakest among us, i.e. that we take the greatest care of those who are weak. What more would you ask of the leaders of rich and poor countries in terms of being good role models for this important part of the vision?

The promise to leave no one behind is the most difficult commitment of this new social contract. It requires that we all seek to understand who the most vulnerable people are and what risks they face, and then systematically empower these people and build their resilience. Political as well as economic leaders need to understand that sustainability has been redefined: If a significant economic or social group is left behind, our development is not sustainable. By the same token, we are fooling ourselves if we think that any single country or private company can be “sustainable” by itself. The SDGs demand that we are honest with ourselves about our ecological and social footprint! Just because poverty or pollution or climate change happen in another country far away, that does not mean that we are not part of the cause of these problems and their necessary solution.

“Know your #SDGs/#GlobalGoals and hold adults and leaders accountable for them, push back if they try to make you believe that your country, language, tribe or family is greater or more deserving than the others, and look for opportunities to make a difference yourselves.” — Thomas Gass

What more would you ask of educators in the work that lies ahead?

Educators have an essential role in making sure the SDGs become a real social contract with the people. I have the highest esteem for those committed educators who are bringing the SDGs into the classrooms, and educating younger generations to become global citizens. I firmly believe that this can be done as part of any teaching subject or class. I encourage all educators to join movements and co-create resources such as teachsdgs.org, GCEDclearinghouse.org, etc., and to encourage OECD/PISA to align their Global Competency criteria to the SDGs by 2018.

And finally, perhaps most important – what is your message to youth for the school year ahead on their part in the planet’s plan?

Here is my message: This world is your world to share and enjoy. As Mahatma Gandhi said: “The world has enough for everyone’s need, but not enough for everyone’s greed.” Know your #SDGs/#GlobalGoals and hold adults and leaders accountable for them, push back if they try to make you believe that your country, language, tribe or family is greater or more deserving than the others, and look for opportunities to make a difference yourselves. Thank you Thomas. For the Silo, C. M. Rubin.

Supplemental- Is Canada following United Nations Global Sustainable Development Goals?

It seems that every where you turn these days, it is becoming incorrect to celebrate the Christmas holidays in “the manner in which you have become accustomed”- at least in the matter in which I have become accustomed.

We give thanks for the things we have received in the past (not to be confused with Thanksgiving, another man-made tradition) and offer gifts to the people that have blessed us over the past year.

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