Anthony Mancinelli,Inflation and haircut price in the US

The Twitter video of Anthony Mancinelli is very informative about Anthony’s achievements as well as how prices of services i.e. hair care services have changed over the last century in the US. Anthony Mancinelli according to the Guinness Book of World Records is the oldest barber in the world who charged 25 cents for in 1922.

First, congratulations to Anthony for his remarkable and world-beating achievement. Second, the video shares a great panorama on the inflation-adjusted return for Anthony’s services. He now charges $20 for his services, considering a lifespan of 97 years, amounting to annual (compounded) growth rate of 4.60%. Although he presently is working in a salon in New York, it’s not clear whether he worked all his life in New York. Continue reading “Anthony Mancinelli,Inflation and haircut price in the US”

International Women’s Day, Taylor Swift Factor and Its a Fender

Jimi Hendrix’s riffs inspired millions and influenced many lead guitarists to emulate him but its Taylor Swift Factor which is inspiring millions of women to learn to play guitar. One of the most successful music artists of all time, Taylor comes from the quintessential music capital of the world “ Tennessee”. According to a recent Fender poll, half of the guitar beginners are women in the US and UK, thanks to ethereal Taylor Swift touch. Continue reading “International Women’s Day, Taylor Swift Factor and Its a Fender”

Wrong Choice of Words; Queen: Under Pressure

In my earlier article on Jerome Powell and the FED, I wrote “when recession hits the US”. Wrong choice of words.  I meant if recession does hit the US in near future or in case of a prolonged global slowdown. EU has been a worry and if forecasts are to be believed, a growth of 1.5% at best and core inflation between 1 to 1.5% leaves real growth hovering close to zero.

Under Pressure is an epic song by one of the greatest rock bands of all time, Queen. Remember We Will Rock You. A song re-sung by so many bands and an ever green crowd favorite around the world.

And Freddie Mercury, not to be confused with the hideous Freddy from A Nightmare on Elm Street. Its nappy time in India and Freddy might just come in your dreams. Leave you with Under Pressure, one of my all-time favorites. To one of the greatest rock stars of all time, Freddie Mercury. Watch Bohemain Rashbody, the biographical movie on the rock band Queen. Rami Malek, well done.

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Paul Allen: Legacy of Eternal Sunshine

Recently, Paul Allen co-founder of Microsoft and founder of philanthropic company Vulcan Inc. passed away. Paul will forever be remembered for this spectacular vision, techno brilliance, and world-beating philanthropic attitude. Known for his affable and colorful personality backed with an invigorating sense of humor, Paul epitomizes American values of exuberance, geekiness and giving. A big fan of Portland Trailblazers, Seattle SeaHawks and Jimmi Hendrix, Paul left an indelible mark in technology, art, sports and philanthropy. Continue reading “Paul Allen: Legacy of Eternal Sunshine”

2018: Tipping Point: Rise of Middle Class

According to a report published by the World Economic Forum (refer to my tweets), 2018 is going to be a huge tipping point.  For the first time since civilization began, more humans are either rich or in the middle-class as opposed to those in poverty or susceptible to poverty).  More than 50 percent of the population will now be classified as those falling in the middle class ( household spending $11-110 per day per person in 2011 PPP)  compared to those in extreme poverty ( per person earning below $1.9 per day). Continue reading “2018: Tipping Point: Rise of Middle Class”