Business Of Leisure/Life

Note To G20: Raise Retirement Ages

Posted by Neal Lipschutz on June 23, 2010
Business Of Leisure/Life, Economy, Employment, France, Greece, Retirement, United Kingdom, United States, Work/Life Balance / Comments Off

Here’s an agenda item for the Group of 20 major nations’ economic meeting later this week: agree that you all need to raise retirement ages and make sure you pick a high number.

How about 72?

Retirement age might seem a small and arcane issue when the powerful from the G20 nations grapple with such macro notions as how to sustain nascent economic recoveries while simultaneously developing plans to eventually return to fiscal sanity.

But retirement age is part of the long-term answer to the second part of that delicate equation. And, among the host of changes in the social contract between citizens and governments that will be necessary because many countries simply don’t have enough money to keep it up, retirement age increases rank among the most palatable choices.

Continue reading…

Tags: , , , ,

Scrabble Fights To Stay Cool, With Help From Jay-Z and New Boyz

Scrabble may be a simple game to learn to play, but it sure gets complicated as a business. For a start, Hasbro owns the rights in the USA and Canada and its arch-rival Mattel owns them for the rest of the world.
Now, adding further to the confusion are reports (for example here) that the rules are being changed to allow proper nouns. If you’re stuck with hard-to-play tiles you’ve now got Jay-Z, New Boyz and Nhojj to help you out.
The change, as many commentators have pointed out, is proof that the world is becoming a dumber place, where youngsters know the names of soul singers instead of words such as hajj or calx (the residue from burning a metal), which previous generations used to great effect to clear troublesome tiles out of the racks.
Except that it’s not true. The rules of Scrabble aren’t being changed.
What’s happening instead is a smart piece of brand extension by Mattel. Scrabble may be a great and loved brand, but the core game hasn’t changed for decades so most people who want to play have a set.
Mattel UK spokesman Philip Nelkon told Randomly Noted that Mattel in the UK is planning to launch Scrabble Trickster, a souped up version of Scrabble in which players in some circumstances will be able to play proper nouns, steal tiles from rivals and even spell words backwards.
Standard Scrabble will continue to be sold, Nelkon says. “The rules of that are sacrosanct,” he stated.
Over recent years the Scrabble brand has been stretched and applied to games that aren’t standard Scrabble or even anything like it. Going by amazon.com sales rankings, the best-selling Scrabble game in the U.S. at present is Scrabble Slam, a $5.99 card game with no plastic tiles, no double word scores and indeed no board. However the Scrabble brand name gives it instant shelf space in retailers and credibility with buyers. The original board game doesn’t feature in the top 100. However neither Hasbro or Mattel will be pleased to see that Bananagram, a UK-designed wordmaking game that uses tiles but no gameboard, is selling far faster than any Scrabble spin-off. Word games may have been around a long time but Scrabble can’t rest just on its brand.
Based on this writer’s own recent visit to Toys R Us, brand extension in board games is a craft Hasbro has turned into a fine art with Monopoly. Our local toy superstore on the last visit had seven varieties of Monopoly, including Simpsons and Star Wars themes, upmarket versions with lots of electronics, a version where property values have been adjusted for inflation so you’re trying to keep track of huge-denomination bills, and another one with different rules where you don’t need to own all of a color set to start building. Yet Hasbro still make the traditional version available, although they’ve included an optional twist in the rules using an extra die that can make the game quicker to play.
Of course the real money in all these classic games is going electronic. The success of Lexulous online shows that Scrabble has a real edge over many other games in that it’s easy to dip in and out of playing, making it ideal for mobile phones or playing in a 10-minute coffee break in the office. One question yet to be answered is whether spin-offs and electronic versions can survive if the original is deemed to have lost relevance or be played only by the non-digital generation. Mattel is obviously not keen to find out.

Scrabble may be a simple game to learn to play, but it sure gets complicated as a business. For a start, Hasbro owns the rights in the USA and Canada and its arch-rival Mattel owns them for the rest of the world.

Now, adding further to the confusion are reports (for example here and here) that the rules are being changed to allow proper nouns. If you’re stuck with hard-to-play tiles you’ve now got Jay-Z and New Boyz to help you out.

The change, as many commentators have pointed out, is proof that the world is becoming a dumber place, where youngsters know the names of rappers instead of words such as adze (a woodworking tool)  or calx (the residue from burning a metal), which previous generations used to great effect to clear troublesome tiles out of the racks or get a high-scoring tile onto a triple-scoring space on the board.

Except that it’s not true. The rules of Scrabble aren’t being changed.

What’s happening instead is a smart piece of brand extension by Mattel. Scrabble may be a great and loved brand, but the core game hasn’t changed for decades so most people who want to play have a set.

So Mattel UK spokesman Philip Nelkon told Randomly Noted that Mattel in the UK is planning to launch Scrabble Trickster, a souped up version of Scrabble in which players in some circumstances will be able to play proper nouns, steal tiles from rivals and even spell words backwards.

Standard Scrabble will continue to be sold, Nelkon says. “The rules of that are sacrosanct,” he stated. Scrabble Trickster is aimed at a new audience.

It’s not a new idea. Over recent years the Scrabble brand has been stretched and applied to games that aren’t standard Scrabble or even anything like it. Going by amazon.com sales rankings, the best-selling Scrabble game in the U.S. at present is Scrabble Slam, a $5.99 card game with no plastic tiles, no double word scores and indeed no board. However the Scrabble brand name gives it instant shelf space in retailers and credibility with buyers. The original Scrabble board game doesn’t feature in amazon.com’s top 100 games. However neither Hasbro or Mattel will be pleased to see that Bananagram, a US-designed wordmaking game that uses tiles but no gameboard, is selling far faster than any Scrabble spin-off. It shows that word games may have been around a long time but Scrabble can’t rest just on its brand.

Based on this writer’s own recent visits to Toys R Us, to see brand extension turned into a fine art it’s necessary to find the shelves selling Hasboro’s Monopoly. Our local toy superstore on the last visit had seven varieties of Monopoly, including Simpsons and Star Wars themes, upmarket versions with lots of electronics, a version where property values have been adjusted for inflation so you’re trying to keep track of huge-denomination bills, and another one with different rules where you don’t need to own all of a color set to start building. Yet Hasbro still makes the traditional version available – although they’ve included an optional twist in the rules using an extra die that can make the game quicker to play.

Of course the real money in all these classic games is going electronic. The success of Scrabble-alike Lexulous online shows that Scrabble has a real edge over many other games in that it’s easy to dip in and out of playing, making it ideal for mobile phones or playing in a 10-minute coffee break in the office. One question yet to be answered is whether spin-offs and electronic versions can survive if the original is deemed to have lost relevance or be played only by the non-digital generation. Mattel is obviously not keen to find out.

Tags: , , , , ,

File Under Clever Promotions

Posted by Neal Lipschutz on April 06, 2010
Business Of Leisure/Life, Food, United States, Work/Life Balance / Comments Off

The Asian cuisine restaurant chain P.F. Chang’s China Bistro Inc. announced a clever promotion: one in which it likely will be joined by others.

Combining something Americans hate (paying taxes) and something Americans like (eating), P.F. Chang’s is offering on April 15 a 15% discount to diners. April 15 is, of course, tax day, when you’ve got to settle accounts with Uncle Sam for 2009. Or maybe you’ve already recieved by then a tax refund. Either way, eating out is cheaper for one day.

Tags: ,

Tough Times All Around

Posted by Neal Lipschutz on March 26, 2010
Business Of Leisure/Life, California, Entertainment, United States / 1 Comment

It seems difficult economic times have left no industry untouched.

Consider karaoke. The Los Angeles Times reports the business is in a bad way in the U.S.. The slowing economy and some industry specific issues seem to be the culprits.

The LA Times reported that in 2002 annual sales of karaoke machines and software totaled $200 million. It ‘s now about $40 million.

Tags: , ,

Health Care Reform Bringing Calorie Counts

Posted by Neal Lipschutz on March 23, 2010
Business Of Leisure/Life, California, Congress, Diet, Food, Government, Restaurants, United States, Washington / Comments Off

It’s early, but here’s my nomination for quote of the day:

“People will be able to see that the order of chili cheese fries they are considering will be 3,000 calories.”

So said Margo Wootan, a nutrition advocate, as quoted in today’s Los Angeles Times.

The subject is a little-known provision (at least little known to this blogger) in the just-passed massive federal health care reform bill: a requirement throughout the U.S. for chain restaurants, vending machines and some other venues to post the amount of calories contained in every item they sell.

Continue reading…

Tags: , ,

Too Attached to BlackBerry

Posted by Neal Lipschutz on December 23, 2009
Business Of Leisure/Life, Luxury Goods, Media, Technology, Telecommunications, Work/Life Balance / Comments Off

The only thing slightly dilutive to the embarassment that accrues from realizing I have become way too attached to my BlackBerry device is the firm knowledge I am not alone.

I am confident I am not the only person in the Americas Tuesday night, who upon noticing a too-long delay between receipt of emails, started monkeying with the instrument with increasing amounts of frustration and despair.

I am confident I am not the only person who shut the instrument off, took out the battery, and, when the thing still wouldn’t work, again carried out both procedure. I did eventually go to sleep. No messages from about 730 pm to 230 am U.S. eastern time.

Research in Motion, the company behind BlackBerry, apologized today to users for the email outage, citing technical factors.

As discouraging to the company as no doubt such outages are, they do perversely prove the loyalty and dependence of the customer base. Not bad things for a business.

Tags: , ,

Starwood Sees Slow Signs Of Recovery

Posted by Rick Stine on October 22, 2009
Business Of Leisure/Life, Earnings, Economy / Comments Off

A first read through the Starwood Hotels earnings release and you can’t help but ask “when will the bloodbath ever end?” Worldwide revenue per available room (REVPAR) on a same-store basis for Starwood  hotels fell a staggering 20.3% in the quarter. Profit margins fell roughly 4 percentage points and that’s even after more cost cutting.  The company’s high-end hotels were especially hard hit – St. Regis saw a 23.2% REVPAR decline and W Hotels was down 22.9%.

But the company is starting to see signs of recovery. Bookings for 2011 have picked up although 2010 bookings are lagging. Companies that book for business purposes remain tentative about next year. That said, Starwood sees REVPAR for next year flat to down 5% and for the next quarter, a decline of 9% to 11%. These aren’t growth numbers. But again, it’s showing signs of the declines moderating.

Tags: , , , ,

What’s First Industry on the Moon?

Posted by Neal Lipschutz on September 24, 2009
Business Of Leisure/Life, Entertainment, Uncategorized / Comments Off

This is a not an excerpt from a science fiction novel.

The lead paragraph of an article from the Los Angeles Times says space scientists have found more evidence of water on the moon … “that could make colonizing our nearest neighbor in space much easier than previously thought.”

Reading this, I couldn’t help thinking this news has already sparked the thinking of countless entrepreneurs and corporate strategy types the world over. What do you do on the moon? Housing? There’s already too much down here on Earth. Start with tourism? You would need hotels. And food …

Take advantage of atmospheric differences for theme parks? Other sorts of entertainment? Somebody, somewhere is taking this as a serious business challenge.

Tags: ,

California Vs. Large-Screen TVs

Posted by Neal Lipschutz on September 18, 2009
Business Of Leisure/Life, California, Consumer electronics, Economy, Energy, Environment, Luxury Goods, Technology, Television / Comments Off

California is continuing its trend-setter ways. You’ll recall the giant state was out front in trying to tame auto emissions, among other things. Now it’s after big-screen televisions.

Marc Lifsher reports in The Los Angeles Times the California Energy Commission is scheduled to release new proposed energy use standards today for public comment, with a final vote in November. Maxium energy use rules for televisions would start in 2011.

The article reports mixed views from the affected industry. It will be interesting to see if other states follow suit. With the booming consumer desire for ever-larger televisions, this could be an emerging energy issue.

Lifsher reports: “The average plasma screen uses more than three times as much energy as a bulky, old-fashioned cathode-ray tube TV.”

Tags: , ,

A Book That Gives Work Its Due

Posted by Neal Lipschutz on September 08, 2009
Business Of Leisure/Life, Economy, Uncategorized, Work/Life Balance / 1 Comment

Here’s a review I wrote for Barron’s of a quite interesting book that upon reading makes you feel better about devoting most of your time on this planet to that thing we call work, in its infinite varieties. The review is below.

Fun at the Office

Reviewed by Neal Lipschutz

OBSERVATIONAL HUMOR MAKES US laugh by noting incongruities embedded in the surface of our lives. We’ve been too busy or too numb to notice them, but we laugh when they are pointed out.

Something like that is at work in this elegantly written paean to the daily toil that consumes the vast majority of our lives. The author examines the seemingly mundane occupations we take for granted as if he’s viewed them for the very first time. Their innards exposed, they become new and fascinating for us, too.

Continue reading…

Tags: , ,

Rss Feed Tweeter button Facebook button Technorati button Reddit button Myspace button Linkedin button Webonews button Delicious button Digg button Flickr button Stumbleupon button Newsvine button Youtube button