Tag: Business

Cultural Expectations of Driving for Work: USA vs Russia | November 22 2025, 16:21

Here’s what I’ve noticed. In the USA, there’s an expectation that an employee drives themselves if their job involves traveling. Companies often issue a company car or provide compensation for using a personal vehicle. This is commonly considered a regular part of job responsibilities, and having a driver’s license is often implicitly assumed. For example, Nadia, a volleyball coach, occasionally drives a small bus for us.

As I recall, the tradition in Russia is different: in organizations, especially in government, large corporations, or among managerial staff, it is more logical to expect a designated driver.

Am I mistaken?

Decoding Insane Prices in the Art Market | November 20 2025, 19:03

Let’s be honest about the art market (and why the prices there are insane).

Actually, there’s no mystery to it. It works somewhat like NFTs, only with a longer history and a better reputation.

The scheme is simple:

You take an item that hasn’t been on the market in this form yet (a painting, sculpture, installation — doesn’t matter). You call it an “important artifact”. It helps if you have connections — galleries, auction houses, billionaire collectors. If you don’t have connections, then find someone who does and sell the cow to them. Since uniqueness is required, there will be no paintings of bears in a pine forest, no matter how brilliantly they are done. There will be something distinct.

The very notion of “this is a painting/sculpture” — is just a convenient formality. The main thing is that the object can be incorporated into the already established art trading system.

Art is such — one of the most convenient ways to “optimize” taxes and move large sums of money. Paid 18 million euros for someone else’s work, and then someone “on your side” bought some of your work for the same 18 million. Virtually no money was really lost (just taxes), and now in catalogs and rankings, two works are each priced at 18 million. The price can be pushed up by selling them cascadingly. Win-win. Auctions are just in on the deal. Further, if you donate this work to a museum for charity, you can even cut more taxes. But it can also be sold. And here’s why.

Currently, there are simply too many free funds in the world. The number of billionaires and their wealth is growing faster than the availability of truly rare assets (real estate, companies, gold, etc. have all been divided already).

Art is one of the few markets where “scarcity” can still be created literally out of nowhere.

If you have access to a hundred such wealthy simpletons and you can tell stories (“this is an investment for 20-30 years, it will only increase”), then selling is purely a technical matter. Two or three interested parties = bidding already starts, and already you see +50-100% to the price.

Over time, real cases appear: someone bought in 2000 for 2 million, sold in 2024 for 80 million.

These cases are used to convince the next buyers. New buyers with their money confirm and amplify these cases. The cycle is closed.

Result: the rise in prices in the top segment of art is directly tied to the increase in the number of super-rich and their capital. As soon as a serious global crisis occurs and the extra trillions stop being printed/earned, and the pyramid collapses, the market will very quickly show where there was real cultural value, and where it was just a beautiful financial scheme.

P.S. This doesn’t mean at all that all contemporary art is a bubble. There are works that are really important historically and culturally. It’s just that at the very top of the price pie, cultural value has long ceased to be the main driver.

But at the summit of Olympus of the most expensive paintings of classic genius solitaries, there will never be, because galleries and dealers need artists who can produce 20-50 works a year to satisfy demand, organize exhibitions in five capitals simultaneously, and maintain turnover. Artists like Lopez Garcia, Odd Nerdrum, or Ron Mueck make unique pieces that will become especially valuable only after the artist dies.

Gold and Gadgets: Tracing Global Influence and Metal Monopolies | October 14 2025, 03:13

Rajesh Exports states on their website that they process 35% of the gold mined on the planet. Of course, they are exaggerating, but overall, India and Rajesh do shape the market. It turns out that 11% of all the gold on the planet is adorned on Indian women. Additionally, it was found that in 1947, 70% of all mined gold was in the USA. From 1934 to 1970, it was legally prohibited for private individuals to own gold in the USA. Approximately 22% of all the gold ever accounted for on the surface of the Earth has been mined from a plateau in South Africa called the Witwatersrand. And if you consider all the gold mined throughout history, it would amount to less than an Olympic swimming pool.

China buys up silver, with India not far behind. Interestingly, platinum is significantly used in the production of catalytic converters for vehicles – almost 40% of the global production goes there. China, of course, holds much of this production.

Practically every smartphone, tablet, or touchscreen monitor that we use is coated with a thin layer of indium tin oxide (ITO). This material has a unique combination of properties: it is almost completely transparent while also conducting electricity excellently. This allows the screen to register your touches.

Although lithium is now strongly associated with batteries, historically and still today, a significant portion of it is used in the production of glass and ceramics.

From Opera to Oblivion: The Fascinating Journey of Lorenzo Da Ponte | September 22 2025, 18:53

We just finished watching Le Nozze di Figaro with Nadezhda in a serialized mode and today we’ll continue with Don Giovanni, also in a serialized mode, because no one has the time. So, both of these operas were written by an American 🙂 I mean the librettos. Turns out, Lorenzo Da Ponte, an Italian librettist, emigrated, naturalized in the U.S., lived here 33 years, taught Italian literature at Columbia University in New York, founded an opera theater in the USA, which became the precursor to the New York Academy of Music and the New York Metropolitan Opera. Really an interesting dude. His real name was Emanuel Conegliano. A Jew by birth, who became a Catholic priest, a friend of Casanova, and a supporter of Rousseau’s ideas. Before moving to the U.S., Da Ponte successfully juggled teaching and a small business, earning not so much from lectures as from owning a brothel for aristocrats which he maintained. In the U.S., he kept a grocery store in New Jersey and tried selling medicines in Pennsylvania. Lorenzo Da Ponte died on August 17, 1838, in humiliating poverty, a few blocks away from the boarded-up building of his theater. His grave in one of the New York cemeteries, which was not marked, eventually got lost. Essentially, the same post-mortem fate befell his friend Mozart.

Cycling for History: A Book and An Unexpected Glimpse into 1930s Migration Trends | August 24 2025, 18:27

I couldn’t resist and bought the book Great Depression in Perceville, VA, where I arrived by bike. I still don’t know how to carry it back for an hour in cycling clothing without a backpack. Interesting note on a random page

Translation:

AMTORG RECEIVES 100,000 APPLICATIONS FOR 6,000 QUALIFIED JOBS IN RUSSIA

(Business Week, October 7, 1931, pp. 32–33)

NEW YORKERS make up the bulk of Americans who have decided, at least for now, to tie their fates with the Russians. Pennsylvania, New Jersey, and Illinois contribute the highest number of applications for the new call for “6,000 qualified workers,” with Michigan, Ohio, California, and Massachusetts also being well represented.

The “Amtorg” office in New York received over 100,000 applications for these 6,000 job slots. Just one morning alone saw 280 applications. All states except ten were represented. Alaska and Panama also contributed one applicant each, and 18 Canadians wanted “to try their luck in Russia.”

Industrial states, naturally, provided the largest number of applications, but others were represented as well. Iowa, Texas, and Idaho also contributed some number of qualified workers.

Since it is widely known that Russia is “industrializing,” most applicants are skilled workers in machinery, railroads, metallurgy, automotive manufacturing, or the construction industry. A look at the qualifications of 280 applicants from one “typical” morning showed that specialists of all professions were looking for work, even if it meant moving to Russia and being paid in rubles. Among them were: 2 hairdressers, 1 funeral director, 2 plumbers, 5 painters, 2 cooks, 36 “clerical” workers, 1 lathe operator, 9 carpenters, 1 aviator, 58 engineers, 14 electricians, 5 salespeople, 2 printers, 2 chemists, 1 shoemaker, 1 librarian, 2 teachers, 1 cleaner and dyer, 11 auto mechanics, 1 dentist.

About 85% of the applicants are U.S. citizens, only 40% of whom were born in the country. 60% of the foreigners primarily come from Eastern Europe. A few African Americans applied, but their numbers are small, as most of them are unskilled workers.

Women constitute only a small portion of applicants, although many wives decided to accompany their husbands in this endeavor. Most workers applying are married and have children.

Three main reasons for wanting to get a placement are named: (1) unemployment; (2) dissatisfaction with conditions here; (3) interest in the Soviet experiment. Almost all foreign workers declare that they do not intend to stay in the USSR. Among engineers, only 10-20% plan to stay.

——

This is 1931, one of the most challenging years of that period. Somewhere in the mid-thirties, it started to improve, and it must be said, WWII ultimately defeated it.

Exploring a Conditional Investment-Based U.S. Visa Program | August 21 2025, 21:23

I wonder if a U.S. visa program would work where specially authorized American investing organizations collectively invest, say, $500,000 in each candidate who files a petition and is ready to pay a hypothetical $20-50K. The money goes to the government, but it returns it monthly with interest. Then, he moves to the U.S., gets a job, and pays back the “investors” from legally earned money, like a student loan. “Investors” help him find a job. If he loses his job, and can’t find another, he can pay from savings for some time, but afterward — he must return home. No savings — go back home. Violated the law (criminal) — go back home. But each such negative case affects whether the “investor” will have the opportunity to invest in new ones.

Investors help with job finding if needed, but there’s no coercion or serfdom, because it doesn’t matter what kind of job the person has, as long as it’s legitimate, and the debt is deducted from the salary. Until the debt is paid, a person’s profile affects the “investor’s” performance indicators, and in case of poor indicators, the investor loses their license or priority.

It’s assumed that, given existing quotas, the “investor” has an interest in finding the smartest and most hardworking people worldwide and subsequently placing them in the local market. If they perform poorly, they simply can’t operate.

After full repayment, he gets the right to citizenship. This could attract talented individuals, support the economy, and ensure responsibility. What do you think?

Uncovering Hidden Hotel Fees: A New York City Experience | August 21 2025, 14:33

Lived in New York on Manhattan for a couple of days recently. The hotel cost 370 USD per day (see photo). Out of which 284 USD is the cost for one day, and the remaining 86 USD are taxes + a mysterious Facility Fee of 35 USD (per day).

From the hotel’s website: “What is a Facility Fee? It’s a hotel service charge! $35 plus tax per day per room provides our guests access to all amenities at Freehand NY, including high-speed WiFi, complimentary 3x filtered water, 24-hour fitness center access, SMART TV connection, priority access to programs and events, and rooftop priority — Broken Shaker!”

Needless to say, these 35 USD were of course not included in the reservation system. It’s not practical to visit every hotel’s website to check for fees before pressing the book button. And yes, the confirmation does state FACILITY FEE TO BE PAID ON ARRIVAL, you can always read and cancel. But for the future, it’s always better to check.

Exploring Shepherdstown: A Hidden Gem in West Virginia | August 20 2025, 13:00

From the trip to Shepherdstown, WV. A small town an hour’s drive from home, founded over 260 years ago. Hardly any tourists, but the few small restaurants and shops compete against each other for the attention and interest of passing travelers.

From the street, there’s an open window at the Lost Dog Coffee cafe. Inside works a very colorful bartender and owner, Garth Emmery Janssen. The coffee shop’s Facebook tagline reads “Founded in 1995 by two crazy punk rockers. We are not normal. We do things correctly. it’s ❤️”

Oat milk latte, please. Dear sir, Garth answers me, that wouldn’t exactly be a latte then. But if you insist, of course. Okay, I say, make it the right way, it doesn’t matter to me. The coffee turned out delicious.

Next, there was an art studio, which I have already written about in previous posts, a handmade cosmetics store where the owner eagerly shares her chemical experiments on the quest for perfect creams and soaps, and where she sells prints drawn by her daughter, who, unfortunately, has grown up and no longer wants to draw.

A very homely atmosphere everywhere. And a nice little town. It lacked modernity, and yes, our regions are all like that, with dust from the past, modernity is somewhat cumbersome.

Exploring TestMySearch.com’s Virtual Shopper System | August 15 2025, 04:27

As part of the TestMySearch.com project, I am creating a “virtual shopper” system that simulates the behavior of a real user in an online store: it starts with an abstract goal (for example, “something bright and sexy for the gym”), turns it into a specific search query, performs the search on the site, and depending on the results, may either continue browsing or, with a certain probability, reformulate the query if the findings do not match the original goal; the system then evaluates the pages for their alignment with the initial idea, opens product cards, randomly changes parameters such as color or size, makes decisions about adding to the cart and placing an order, and may also leave the site, which allows generating many sessions similar to real ones overnight for testing search, filters, and recommendations even before live users arrive.

The system is fully automatic. That is, the browser in the video opens by itself, the search field appears by itself (i.e., independent of the site), the system itself concocts the text based on that very initial goal, then the facets and search results are displayed, which may also be in a form unpredictable to the system — but it still understands what is what, and makes decisions about whether to rephrase the query, select a facet or click on a search result. There is a certain probability that the virtual user will leave the site. If the query is reformulated, for example, this virtual user does not repeat queries that have already led to empty or irrelevant results, so within the session there is “memory”.

The Art of Illusion in Pricing: Dishwasher Capsules and Subscription Models | August 09 2025, 13:06

An interesting marketing tactic: three different types of dishwasher capsules are sold at the same price: good Complete, premium, and premium plus. Identical packaging, identical prices, but of course, a different number of capsules. For example, platinum has 59 capsules, while the plus version has 47. It seems such odd numbers hardly register in the buyer’s mind, but not every buyer fundamentally thinks about whether it’s important for them to save money. However, if you compare the extreme versions, the platinum plus version is simply twice as expensive as the complete version.

Another interesting example – a subscription to LLM (Chatgpt, Gemini) for $200 a month. It would seem, what fool would pay a couple of hundred for something barely better than the basic for $20-30. But it’s a very sensible decision when you have a market of hundreds of millions of users: most of them are organizations. For an organization, $200 a month is not much different from $20 a month, both are negligible for the budget. Well, okay, even multiplying by hundreds and thousands of subscriptions, there are those who place themselves among slightly more premium clients at a small price for them.