New York is a Leader in the Fight Against Sexual Assault on College Campuses

Sex assault and rape are huge problems on our campuses in New York and across the country. Indeed, evidence suggests that the information gap in this area adds to the problem and proves to be highly misleading for students and families.

Although all colleges and universities that receive federal funding are already required to publish data on campus crimes pursuant to the federal Clery Act, spotty compliance leads to a distorted snapshot of crime and safety on campuses and results in a limited ability to compare such data across schools.

The truth is, states don’t have to wait for the federal government to act – they have the ability to take this on themselves and, given the enormity of the problem, we cannot wait any longer.

That’s why Governor Andrew Cuomo is tackling this issue head on – he is calling for policy changes in all colleges across the State, making New York a leader in combatting sexual assault and rape on college campuses.

In his Executive Budget, Governor Cuomo presented a comprehensive plan to protect the safety and rights of all students attending college in New York. The proposal codifies a sexual assault prevention and response policy previously adopted by the State University of New York, applying it to all colleges and universities – public and private – in New York State.

He also launched the “Enough is Enough” campaign to highlight the importance of this policy to help ensure all New York’s college and university students are protected from sexual violence while at school.

The policy includes four critical components, which give more power and protections to the victims:

  • A statewide definition of affirmative consent;
  • A statewide amnesty policy to ensure students who are victims of sexual violence can report them with immunity for certain campus policy violations;
  • A Sexual Violence Victim/Survivor Bill of Rights to be distributed to every student, and confidential reporting protocols to ensure colleges use best practices when handling a case of on-campus sexual violence that provides both care and respect to the victim;
  • Comprehensive training requirements for administrators, staff, and students, including at new student orientations.

These measures will ensure that all of New York’s college and university students have a very clear understanding of consent, their rights as victims, and the safeguards in place to keep them protected.

By enabling students to complete assessments of their campus life and environment, we are giving them the power to provide more accurate information about what is actually taking place on our campuses during the day and at night. It also will provide better data to make more robust comparisons of all colleges and universities in the State – an extremely helpful tool for current and prospective students and their families.

We all know that drafting and passing a piece of legislation is the first step, but it’s the implementation of the law that is key. With the passage of this proposal, each college and university in New York State will be required to comply with its provisions and submit the anonymous campus surveys as proof of campus happenings, or risk losing State funding. They will also be required to make the policy clear to all students, faculty, administration and the general public.

Sexual assault, domestic violence, dating violence and stalking affect thousands of college students in New York State and across the nation. In addition to the trauma caused by such violence, many victims drop out of school, experience difficulty working, and see promising opportunities cut short in the aftermath of their incidents.

We must do more to protect our students from on-campus sexual assaults, and providing students with increased protections as well as ensuring more accurate reporting are vital to achieving that goal. Governor Cuomo’s legislation ensures that students and their families have access to important information and helps foster an environment of respect, safety and awareness on our campuses.

Not only will these policies make New York a leader in fighting sex assault, but they will also provide a legislative template for every state in the nation to follow – with this, we can stand up and say that all campuses must and will become places free of sexual violence.

6 Bathtubs To Melt Away The Winter Coldness

By: Anne Reagan, Editor-In-Chief of Porch.com

While many homeowners rely upon the shower for getting ready for the day, having a tub in the bathroom is still in high demand. There are all sorts of tubs on the market for every style and price point. Vintage styles are perfect for homeowners who love period styles; modern jet tubs are ideal for homes wanting the latest in technology. Regardless of your own personal style, if being able to soak away the stress of the day in a warm bath is your idea of heaven, you’ll love looking at these bathtub spaces.

2015-02-26-bathtub1.jpg
SoBo Flow-Through by Sojo Design

Nothing says luxury like an infinity edge bathtub. This bathtub nook was designed specifically for relaxation, with an offset faucet (so you don’t bump your head) and a darkened enclosure, perfect for a quiet getaway. A built-in shelf around the tub ensures that candles or other items stay clear from falling in with the water.

2015-02-26-bathtub2.jpg
Promontory by Spencer Interior Design

This master bath is filled with touches of old world style. From the custom chandeliers to the intricate tile work, this bathtub literally takes center stage. Notice how the rounded edges of the tub are reinforced and repeated in the arched designs of the wall and flooring.

2015-02-26-bathtub3.jpg
Interior Design – Miami Beach by Sojo Design

Using so much marble in the bathroom can come off as heavy and cold, so this room was warmed up with great lighting and texture. The elevated bathtub was custom designed with a wide edge, perfect for sitting or decorating. A feature tile wall serves as a dynamic backdrop to the bathing experience.

2015-02-26-bathtub4.jpg
Clyde Hill Modern Farm House by Calista Interiors

This large master bathroom chose to place the soaking tub in between the two vanities, giving the bather the opportunity to be close to the natural light coming in through the window. Sticking to a limited color palette creates a soothing space, and using a dominant material (in this case, marble) in varying styles helps pull together a sophisticated space.

2015-02-26-bathtub5.jpg
Cascadia by Colleen Knowles Interior Design

This bathroom featured craftsman details like crown molding and wide trim around the windows and mirror. Situating the bathtub close to the windows is a great way to relax with a view. The bath caddy is a great way to have everything within reach without taking up additional floor space in the bathroom.

2015-02-26-bathtub6.jpg
Flying Point by Benco Construction

The Message of American Heart Month and throughout the Year: Healthy Lifestyle Choices Should Be a Priority

February is American Heart Month – a busy month for our friends at the American Heart Association who are committed to reducing death from heart disease (the number one killer of women and men in the U.S.) We know that certain healthy behaviors can reduce the risk of breast cancer in many women, and of course, the same is true for heart disease. So as American Heart Month winds down, I asked American Heart Association CEO Nancy Brown to share her thoughts about women and heart disease, and the importance of healthy lifestyles.

By Nancy Brown
CEO, American Heart Association

I want to thank everyone at Susan G. Komen for this special opportunity to discuss women’s heart health during February, which is American Heart Month, a time when people across the country wear red and show their support for the fight against heart disease, our nation’s leading cause of death in both women and men.

For me, one of the great privileges of being a part of the American Heart Association is the opportunity to work together with fellow health organizations, like Susan G. Komen, to achieve our shared goal of improving and saving lives. Whether we’re focused on heart disease, breast cancer, or any major illness, one priority that every health organization has in common is the importance of healthy lifestyles. A long and ever-growing list of studies have shown that healthy habits – such as physical activity, maintaining a healthy weight, and avoiding tobacco – lower your risk for a wide range of diseases, including heart disease, breast cancer and many other types of cancer, and type 2 diabetes.

For this reason, healthy lifestyles are a cornerstone priority of the American Heart Association’s Go Red For Women movement. Up to 80% of cases of heart disease could be prevented if we maintained long-term, healthy lifestyles.

Since we launched Go Red For Women in 2004, more than 1.9 million women have registered, and we’re pleased to learn that after joining, 9 out of 10 go on to make at least one healthy lifestyle change. For example, more than one-third have lost weight, more than 50% have increased their exercise, and 60% have changed their diets.

For both Susan G. Komen and Go Red For Women, the foundation of our success is inspiring women to think about their health every day and to know they are empowered to take action on their own behalf. Taking action means educating ourselves about our personal risk factors, learning the symptoms and warning signs of illnesses that can impact our lives, and visiting our doctors on a regular basis to discuss our health and undergo recommended screenings.

Go Red For Women surveys have shown us that for decades, many women felt powerless to do anything if they had a family history of heart disease or were diagnosed with key risk factors like hypertension or high cholesterol. Nothing could be further from the truth, and that’s why our work won’t stop until we’ve reached every woman with the message that they have the power to stop their leading cause of death. And this message doesn’t begin and end during American Heart Month. It’s a message that women should keep top of mind every day of the year.

Scott Walker Says He Can Take On ISIS Because He Took On Labor Unions

NATIONAL HARBOR, Md. — Wisconsin Gov. Scott Walker (R) on Thursday said his experience undermining labor unions in Wisconsin has prepared him to take on the threat of the Islamic State in the Middle East.

“If I can take on 100,000 protesters, I can do the same across the world,” Walker told a packed crowd at the Conservative Political Action Committee, in response to a question about how he would fight the terrorist group, which has killed thousands in Iraq and Syria.

Walker was referring to protesters who led an unsuccessful recall effort against him in 2012, after he proposed a budget that stripped public sector unions of their collective bargaining rights. The protests lasted for months and catapulted Walker onto the national political stage.

The likely 2016 presidential candidate said the nation needs “someone who leads” and who will “send a message, not only that we’ll protect American soil, but do not take this upon freedom-loving people anywhere else in the world. We need a leader with that kind of confidence.”

Nevada To Allow Betting On Olympics For The First Time In Years

LAS VEGAS (AP) — Come summer 2016, when the best of the best athletes climb podiums wearing gold, silver and bronze medals, Las Vegas gamblers could very well be counting their green.

Nevada gambling regulators voted Thursday to allow the state’s sports books to offer bets on the Olympics for the first time in years.

Revised regulations say the Nevada Gaming Control Board chairman can limit the bets at his or her discretion. The wagers have been banned for more than a decade since the state made regulatory changes allowing bets on the state’s own sports teams but specifically barring non-college amateur events.

International sports books in Great Britain, Ireland and Australia and offshore Internet sites already allow such bets. South Point Hotel Casino pushed for the change with the support of other sports-book operators.

‘McFarland, USA' Director On Why It Was Important To Not Make A ‘White Savior Movie'

‘McFarland, USA’ follows the true-story of coach John White and his all-Latino track team, who despite being newcomers to the sport overcome obstacles to become champions. But director Niki Caro said she was very “conscious” of avoiding a white savior plot.

During an interview with the Motion Picture Association of America’s online magazine, The Credits, the film’s director said the story may be centered around White (Kevin Costner) but its real stars are the the individuals that make up the community.

“We were very conscious of not making a white savior movie, and you could have with the material, but it was really important for us that he be a flawed guy who was ultimately redeemed by the community,” Caro told The Credits. “You see him become a better coach, a better father and a better man through his interaction with this place and these people.”

The sports drama, released last Friday, seems to have struck a chord with critics and currently has a “Certified Fresh” rating from Rotten Tomatoes. In its opening weekend the film brought in $11 million at the box office, according to Deadline.

Not to mention the film is in a league of its own as one of the few movies centered around the U.S. Latino experience. Smaller studios like the Latino-centric Pantelion Films have recently released films like “Spare Parts,” also based on a true story, but Disney’s “McFarland” is the only movie focused on the Latino condition in the United States to come from a major studio in the last few years.

The inspirational tale may have a formulaic underdog story, but the director said she veered away from the formula when she opted to focus more on the human aspect of the story and less on the sports angle.

Many have even noted the movie’s ability to touch upon controversial topics like immigration without getting political. The New Zealand-born Caro says being a foreigner gives her an advantage when telling these types of stories.

“Being an outsider gives you a very privileged point of view to speak about stuff that doesn’t get spoken about a lot, and to do so without an agenda,” Caro said. “Paradoxically, the way I work when it’s not my own culture is I try to be very accurate and faithful to the way lives are lived and not impose my will. I was very keen to portray the Mexican American culture, but I realized that we made a very American movie, a profoundly American movie that happens to have a lot of Mexicans in it.”

“There’s nothing more American than wanting a better life for your children, and working hard to give them that,” the director added. “And that’s all you see there, and I hope that comes through in the movie.”

Why You Need Human Data For Real Customer Engagement

2015-02-24-ForbesLogo.gif
Article by Ernan Roman
Featured on Forbes.com

A cataclysmic shift is occurring in BtoB and BtoC marketing. Customers are ignoring generic messaging and demanding personalized and relevant communications based on their individual preferences.
2015-02-24-HumanEngagement.gif
Based on research findings, the good news is that customers and prospects are willing to provide personal or business information in exchange for more personalized offers, communications and experiences.

Marketers must meet these consumer demands by transitioning from impersonal transaction-based marketing to highly personalized, preference-based, experiences.

The Reciprocity of Value Equation

A profound finding has emerged from more than 12,000 hours of Voice of Customer (VoC) research our firm has conducted for companies including MassMutual, IBM, Norton AntiVirus, QVC, NBC, Microsoft and Songza. Notwithstanding privacy concerns, BtoB and BtoC customers are willing to provide detailed information in exchange for increased value and relevance.

To satisfy these demands, marketers must adopt transformational strategies that recognize the value of human data; true personalization of communications, offers and experiences driven by deep opt-in individual preference information provided by customers in exchange for receiving unprecedented levels of preference-driven personalization.

We call this the Reciprocity of Value Equation.

Customer Reciprocity: Recognition by customers that to receive more relevant and personalized communications and offers, they need to provide marketers with personal or business preference information.

Plus

Business Reciprocity: Recognition by marketers that they have to provide significantly more personalized communications and offers. To be truly personalized these have to be based on more than just transactional, overlay and inferential data.

Plus

“Human Data:” BtoB or BtoC opt-in self-profiled information regarding key issues, needs and expectations; decision-making process, messaging and media preferences; self-described personality types/attitudes/life stages.

Equals

Customer Experience Transformation.

But, Marketers Have to Earn the Right to Request Human Data

By earning trust through value propositions that motivate customers to opt-in and provide deep preference information, marketers will create a high quality database of responsive customers who truly want your messages.

Based on the VoC research findings, customers (BtoB and BtoC) confirmed that human data has to be earned by going through specific steps that comprise a Pyramid of Trust:

  • Do what you promised: Deliver on your fundamental brand promise.
  • Treat me fairly: Fair pricing and customer service policies.
  • Protect my information: Explain the reasons for the opt-in information requests and assure me of the privacy and safety of my data.
  • Improve my experiences: Use my stated preferences and aversions, to significantly improve my experiences.

Gilt Earns Trust and Engagement

Gilt, a top internet retailer, has used high levels of personalization to deliver relevance and drive engagement for both new and existing customers. Results of these efforts have included increased orders, decreased email and mobile push notification unsubscribe rates and boosted higher repeat-purchase rates.

According to Welington Fonseca, VP of marketing and digital analytics, “Gilt’s commitment to a personalized experience is evident when customers return to the home page of the web site or mobile app. Sales within the store (men, women, kids, home) with the highest affinity to a consumer’s past behavior and preferences (browse, purchase, favorite brands, wish list) are presented at the top of their home page with all other sales ranked according to relevance based on previous shopping behavior and collaborative filtering.”

Another example of personalization is “Your Personal Sale,” which displays the most relevant brands and products based on shopping patterns and self-stated preferences and provide Gilt with another way to interact with the customer to understand preferences in order to further refine their personalization algorithm.

According to Fonseca, “All communication is personalized, with the company sending [more than] 2,500 versions of personalized emails and mobile push notifications on a daily basis, eight times per week. Results have been a double-digit increase in orders and reduction in email and mobile push notification unsubscribes.”

Five Takeaways:

  1. Differentiate your business by providing highly personalized communications, offers and experiences.
  2. True personalization must be based on preference-based “human data,” not just traditional inferred or transactional data.
  3. The right to ask for increasingly deep levels of preference-based information is not a “given.” It must be earned.
  4. Deliver clear and obvious value based on preference information.
  5. Customers see reciprocity as a valuable exchange of information that improves their experience.

Ernan Roman is president of ERDM.
ERDM conducts Voice of Customer (VoC) research to identify high impact Customer Experience strategies.
Inducted into the DMA Marketing Hall of Fame due to results clients achieve with ERDM’s VoC research driven strategies.
Clients include IBM, MassMutual, Microsoft, NortonAntivirus, QVC and NBC.
Roman is the author of Voice of the Customer Marketing and of the Huffington Post published blog, Ernan’s Insights on Marketing Best Practices.

Named by the Online Marketing Institute as one of the “2014 Top 40 Digital Luminaries” and by Crain’s BtoB Magazine as one of the “100 most influential people in Business Marketing”.
www.erdm.com
ernan@erdm.com

New York Incarnation: 2015

2015-02-26-NewYorkessayone.jpg
The Brooklyn Bridge after the winter snowstorm. Photo courtesy of Jeff Pappas photography. Visit his website. http://www.jeffpappas.com

New York City’s most recent incarnation is characterized by a quality of defiance in its street artists and buskers, defiance through random acts of kindness; and in the deep communing of strangers on antiquated subway cars.

Last Monday, Edmond Leary dipped two long sticks tied with string into soapy water buckets; then pumped them in the air to create enormous iridescent bubbles.

The crowd was entranced by the magical spheres as they floated across Union Square. A homeless man catcalled. A child giggled. A business woman started to tear up. It was the first warm day in a week. The crowd’s boots were soaked with dirty slush. Still, Leary had found a way to rekindle pure joy in them, relieving them of their winter depression.

Leary is a young African-American man who created “Share the Bubble Love” after losing his job. There was something about his expression and the way he worked the crowd that revealed his resilience, and the macabre humor one needs to hustle enough money to make rent. His ingenuity in finding a way to make street art out of string, sticks and soapy water mark him as a survivor.

2015-02-26-NewYorkbubbles.jpg
Edmond Leary captivates children by encircling them with bubbles. Photo courtesy of Edmond Leary.

Leary is one of the New York performers who also inadvertently functions as a modern-day faith healer in a city secretly scarred by poverty; discrepancy and in many places on the verge of collapse. From Alphabet City to West Harlem; multi-million dollar condos sit partially vacant in neighborhoods practically bereft of the ethnically and economically diverse populations that once lived there. Promises rock star developers made went unfulfilled, their mad money vanished.

The subway system creaks and groans, its arteries clogged like a man on the verge of a heart attack. “Work stoppages” crush travelers, one must be wily and outsmart the lines just to get home. Entire stations have been abandoned. Newscasters recently nicknamed the shuttered Cortland Street (below the World Trade Center) a “ghost station.” The mole people who lived in the subterranean shantytown that once flourished in the defunct Amtrak station below Riverside Park were forced out. Brilliant graffiti by Chris “Freedom” Pape, honors their passage.

Other oddities exist. Cars with broken doors and grimy floors are plastered with incongruent posters advertising liposuction, butt enhancements, therapists you can visit exclusively through text message.

And there is something else, some amorphous quality of a world on the brink of a major shift that can be felt more intensely in this tightly wound metropolis.

The buskers below ground are the warriors—crooning song lines into tunnels, guiding lost travelers home. They are no longer overtly chased like they were in the 1990s when Giuliani’s quality of life laws made busking (and selling Lucy’s, barbequing, panhandling) a punishable crime. Still, they are furtive. Buskers have been arrested under De Blasio’s watch.

This winter the feverish music has returned. No matter how frigid it is out, somebody is playing the violin, break dancing on cardboard, beating snare drums, belting out hymns. Passengers are drawn to them instinctively, recognizing in them a source of warmth and power.

Regular people restore faith in a gentler way. Everywhere you look, there is kindness. Extended tough times have seemed to ramp up people’s capacity for empathy. People go out of their way to thank the musicians. Tossing a coin into a homeless man’s cup may now be viewed as an act of rebellion, and is often followed by others nodding approval, following suit. Young men religiously give up seats to the elderly, carry mother’s baby carriages down station stairs. There’s a dignity in doing the right thing that seemed muddled, at best, during the chaotic real estate boom years.

2015-02-26-Subwaygroup.jpg
The New York City Subway. Photo Courtesy of Jeff Pappas photography. Visit his websitehttp://www.jeffpappas.com

People in the country often remark that city people are disconnected to the earth and to each other. That theory is inside out. People here are connected in a deeper way. Entire apartment buildings are heated using the amount of fuel it takes to heat two family homes. City dwellers walk more, use public transport in lieu of gas. Residents are familiar in a manner lacking in places where neighbors are separated by acres of trees and shopping malls.

It’s true that if a stranger views a subway ride from an outside perspective, things may appear absurd. Passengers try not to establish eye contact. The ill lighting exposes bitterness, exhaustion, a toughness around people’s lips. People pretend to be sleeping. They read. These days they also jam iPod buds in their ears and fidget with cell phones.

New Yorkers may seem disconnected. In actuality, though, it takes amazing stores of inner fortitude to exist in these self-contained worlds. People are accustomed to themselves and each other on levels people living far apart just aren’t. They cannot isolate or hide from each other here. Residents are part of a cross-section of humanity that is as diverse economically, linguistically and culturally as it gets.

Subway passengers are cognizant of their body’s spatial proximity to each other. They know without looking up when to shift their legs because the woman next to them get off at the next stop, or to raise their hands when the train jerks so the child standing next to them will not fall.

There is a deeper awareness. The people sitting there sleeping, reading, staring, are not lost at all. They are listening deeply, attuned both to their own souls, and occasionally to the rhythm of their neighbor’s hearts.

The train chugs along. A woman lost in her private pain, looks up to notice another woman purposefully meeting her eyes and nodding reassuringly at her. A musician strums a chord that tugs at a widower’s emotional core. Above ground, a recently laid off woman stands in her parka, watching a man send giant bubbles, like iridescent prayers, into the sun cracked sky.

These are the tenuous chords that connect people across the length of the city, connections that take real courage to lay down, that may be barely discernible, yet run deeper, helping people tap stores of strength they might really need in the future.

Who's Making Money in the Hotel Industry

According to data from Smith Travel Research (STR), via CNN, hotels in the United States had the highest level of rooms booked ever in 2014. And, the outlook looks positive moving forward for the global hotel industry. Statista is predicting the hotel industry worldwide will generate $550 billion in 2016.

While that is certainly excellent news for brands like Intercontinental and Marriott, it also means great things for a number of other industries. After all, if there are more hotel rooms being booked, then that means more laundry to do, food to be made and accountants/bookkeepers to handle all of these transactions — such as paying vendors and employees.

Keeping that in mind, here are some of the other businesses that are making money from the hotel industry.

Housekeeping
As Starwood Hotels & Resorts notes, “the Housekeeping department is typically the largest in the hotel in terms of both the number of associates and annual operating budget.” This department includes room attendants (the individuals who clean and restock rooms) and laundry associates.

Between all of the cleaning supplies and equipment (vacuums, washers and dryers) needed to keep hotels clean and welcoming, it’s not surprising that this department would profit off of hotels. If residential house cleaners, such as 30 percent of franchises from Molly Maids, can earn $1 million annually, just imagine how much money hotels spend on housekeeping?

Amenities
Whether it’s bars of soap, bed linens or mattresses, companies involved with hotel amenities are also profiting heavily from hotels.

For example, Marriott informs Forbes that it spends approximately $20 million per year on Thann products. Thann is a Bangkok-based company that makes a line of natural skin and hair care products.

Besides hygiene products, the bedding industry is also booming.The IRS noted that Marriott spent $190 million when it replaced old bedding with ones that contained higher thread count sheets, down comforters and duvet covers. Starwood Hotels invested $13 million for The Four Comfort Bed.

Food & Beverage
The Dow Hotel Company states “between 25 percent and 45 percent of a hotel’s revenue can come from its food and beverage sales.” Lakshmi Narasimhan, Founder of Ignite Insight LLC, states on Hotel Business Review, however, that “the Food and Beverage department contributes between 10 percent and 20 percent of Total Revenues.” Regardless of the exact figures, the food and beverage department make up a solid portion of a hotel’s revenue — which means a hefty profit for vendors dealing with hotels.

Telecommunications
“According to PKF Hospitality Research, LLC (PKF-HR), telecommunications revenue at the average U.S. hotel in its annual Trends® in the Hotel Industry survey sample has declined from a peak of $1,274 per available room (PAR) in 2000 to $269 PAR in 2011.” However, as Robert Mandelbaum is Director of Research Information Services for PKF Hospitality Research, LLC, notes, the recovery from the 2009 recession has helped improve customer spending for hotel telecommunications.

“Telecommunications revenue has increased from $178 PAR in 2009 to $269 PAR in 2011, an increase of 51 percent.”  Also, “guest spending on phone service and the internet has increased from $0.77 POR in 2009 to $1.07 POR in 2011.”

This may not be a large revenue for the hotel itself, but this is great news for telecommunications providers.

Booking Sites
Online booking sites, such as Priceline, Booking.com, Expedia and Orbitz are also profiting off of hotels. According to Forbes, hotel bookings accounted for of 97 percent of Priceline’s revenue, as well as “contributing around 83 percent to its total gross booking” in 2013. This makes hotels the most profitable division for Priceline. Something interesting to note is that most of these companies are using the backbone of Duetto to manage all the data and help large hotels make better strategic decisions..

Transportation
Whether it is public transportation, taxis or shuttles, the transportation industry also benefits from hotels. Take for example SuperShuttle. The company has “approximately 1,200 distinctive blue and yellow vans on the road” that provides travelers in more than 40 airports and over 50 cities transportation from the airport to their hotel. .

Not only does that benefit transportation companies, like SuperShuttle, transportation to and from hotels is profitable for the energy and maintenance companies who keep these vehicles running.

#tbt To The Great 1980s LLama Bubble

Llamas are big on the Internet, especially Thursday, because two escaped in Arizona.

Funny enough, in the mid-1980s, llamas also were vehicles for financial speculation. The pitch was simple: Buy llamas, have the llamas make more llamas, sell the llamas, make money. It’s a pretty simple, and pretty terrible way to try to make money. The only way it works is if the price of llamas keeps going up. Which, in the 1980s, it did — for a while, at least. Then the price went down, and anyone owning llamas felt a bit like someone owning a whole bunch of tulip bulbs in in Holland in 1638.

The 1980s llama investment craze was particularly acute in Oregon. Llama rancher Lynn Hyder told a The Bulletin in Bend, Oregon, in 1984 that “they’re a good investment and very profitable. … No one has ever bought a female llama and not had their investment back in two or three years and doubled every year after that.”

The problem was, this wasn’t actually true. As The Bulletin noted at the time, “There doesn’t seem to be any reason for such inflation in llama prices except demand. Llamas aren’t really good for anything.” Their wool is poor quality. They do make decent pack animals, but buying pack animals isn’t really a profitable late-20th century investment strategy.

And so the llama bubble, which saw prices reach into the $20,000 range, burst. You can now buy a llama for about a tenth of their bubble-era price. It was, in hindsight, a classic speculative livestock bubble.

A similar boom-bust cycle is happening now with alpacas, which are being described, by someone who wants to sell you alpacas, obviously, as “the world’s finest livestock investment. … Unlike the stock market, alpacas are depreciable over five years.” What could possibly go wrong?