Media Navel Gaze: December 19, 2011
The Week Unpeeled
Big headline news overnight rewrote front pages across the globe with the death of Kim Jong-Il, the dictator of North Korea, who will now be succeeded by his son. Not likely easy succession, stories predicted, amid concerns of the military and the stability (??) of the nation that has tested nuclear weapons twice in the last five years. Markets seemed a bit on edge early on. Elsewhere:
- The CEO of The New York Times, Janet Robinson, announced late last week that she was leaving, in a surprise move to many
- Christiane Amanpour is leaving ABC’s “This Week” and returning to CNN. George Stephanopoulus will return to his spot as anchor and stay on at “Good Morning America”
- Avon is replacing its CEO, Andrea Jung, in an effort to “get back on a growth track.” She will remain as chairman
- Zynga’s IPO was flopsville last week, raising questions about inflated Internet stocks;
- The US officially ended its war in Iraq after nine years, 4,500 American deaths and $1 trillion
- Christopher Hitchens died
- The US dollar coin is going into retirement
- The Dow ended the week down 2.6 percent to 11,866.
The Competitive 50s
Instead of marking a more mellow phase of life, a new study showed that 50 is actually when people are most competitive. The development of a merciless streak during middle age is most pronounced among men. Scientists in the 50 found that both men and women are more willing to compete with others at the age of 50 than at any other point in their lives. The findings contradict the traditional assumption that the need to outperform others subsides as we get older, and could have implications for the workplace, where pushy young employees are often seen as having more drive than their older colleagues.
'Sexist' Toy Signs Removed
Pink and blue signs denoted the ‘girls’ and ‘boys’ sections of famed London toy store, Hamleys were removed after it was accused of sexist stereotyping by feminists. The store is now organising toys by category instead of gender and using neutral red and white signs. Interestingly Hamleys denies changing the signs after coming under pressure and has said they were planning on changing the signs anyway.
Women Do Better Then Men As 'Mancession' Hits
A report into unemployment showed that women accounted for just a fifth of the fall in employment during the recession and only around a third of the rise in unemployment. However, this news was short-lived with a separate study that showed female unemployment will rise in the coming months.