The First Time News Was Fit To Print, IX

More old news from the Times archives. As always, we've found people, places and things with first mentions worth mentioning.

Hedge Fund

November 26, 1966
A Mutual Fund That Is Unusual
The Hubshman Fund, described as the first mutual fund offered to the public that will employ both hedging and leveraging principles, is scheduled to begin operating today.
* * * * *
The Hubshman Fund, with headquarters at 350 Park Avenue, is modeled after one of Wall Street's little known but profitable vehicles for private investors "“ the hedge fund.

These hedge funds are limited partnerships, as contrasted to mutual funds that are open to the public. Typical partners of hedge funds include sophisticated businessmen and families of wealth who are attracted by the principle of making money in the stock market by taking both long and short positions.

John Updike

March 2, 1958

The Magic World Of Words
updike.jpg What influences a child's sensitivity to language, to choice of words, to color, to tempo, to construction? There may be innate differences in this sphere just as there are in music and visual art. Whether for biological or cultural reasons, girls and women, generally, are more skillful "“ and certainly more prodigal "“ with words than are boys and men. Allowing for individual differences, though, what can parents do to nurture, or at least not to destroy, the young child's gift for language?

We took this question up with...John Updike, who to our mind is one of the most skillful and versatile young artists we've read. As for specifics, Mr. Updike said: "When children are picking up words with rapidity, between two and three, say, tell them the true word for something, even if it is fairly abstruse and long. A long correct word is exciting to a child. Makes them laugh; my daughter never says rhinoceros without laughing. Also around this time, puns are popular. A child sees the humor of nonsense."

Still to come: Silicon Valley, White Collar Crime, Web 2.0, Big John Studd and more.

Silicon Valley

January 16, 1975

New Markets Are Sought For Miniaturized Computers
pirates-of-silicon-valley.jpgThe United States electronic industry has developed circuitry so miniaturized that it is pushing to install many computer functions in such things as automobiles, gasoline pumps, traffic signals and supermarket cash registers. This development is expected, within a few years, to give computer technology more impact on daily life than it has today, when computer circuitry in consumer products is limited to pocket calculators, digital watches and some cameras.
* * * * *
The buildings of Intel were put up on a former citrus orchard. Santa Clara south of San Francisco Bay next to San Jose, is in the heart of what those in the electronics industry call "Silicon Valley" because so many makers of semiconductors are here.

White Collar Crime

December 28, 1939
Dr. Sutherland Says The Cost Of Duplicity In High Places Exceeds Burglary Losses
"White-collar criminality" was sharply attacked by the retiring president of the American Sociological Society, Dr. Edwin H. Sutherland of Indiana University, in an address tonight which discarded accepted conceptions and explanations of crime.

Speaking at a joint session of that society...Dr. Sutherland described present-day white collar criminals as "more suave and deceptive" than last century's "robber barons" and asserted that "in many periods more important crime news may be found on the financial pages of newspapers than on the front pages."

Energizer Bunny

October 23, 1989
Amid TV's Ad Clutter, A Rabbit Runs Wild
energizer.jpgRight from the start, the new commercial for Eveready's Energizer batteries does not look like the run-of-the-mill television ad. The star of the whimsical campaign is a bright pink toy bunny wearing Ray-Ban sunglasses and blue thongs. Banging a big bass drum as it struts around the set, the mechanical rabbit suddenly runs amok and marches out of the sound studio's doors.

But unsuspecting viewers watching when the spot made its debut last week were in for an even bigger surprise. Halfway through what appears to be a coffee commercial that shows two women quietly chatting, the runaway rabbit pops up and creates havoc as it tramps across the table.

Then, just when it seems safe to go back to ignoring commercials, the Energizer bunny charges through the laboratory setting of a spot for a nasal spray. Startled viewers were left wondering when the marauding rabbit would turn up next.

Web 2.0

August 14, 2000

As Innovation Lags Behind And The Mainstream Moves In, Net Entrepreneurs Look For Ways Out
"We're burned out," Ms. Harmel said, speaking of Net entrepreneurs of a certain level of experience and fatigue. "Some of us are tired and rich. Some of us are tired and not rich. But we're all tired."

Data on this topic are scarce, but anecdotal evidence suggests that a changing of the guard is under way in the Internet industry, as the early proponents of the Web are stepping aside for the mainstream business people who have migrated to the new medium. Such a cultural shift was to be expected, given how the Web itself has become a mainstream phenomenon. But analysts say the executive shift could have broad implications for e-commerce.

"Call this Web 2.0," said Clay Shirky, a partner at Accelerator Group, a consulting firm that works with Web start-ups, who has worked in the Internet industry since 1993. "This has been going on slowly, and now people are realizing the landscape has changed without us having caught onto it."

Post-it Notes

August 30, 1981

Some Practical Gadgets To Keep In The Bag
post-it.jpg Post-It Notes are another member of this family. In this case, however, the adhesive is to be found in a narrow stripe along one edge of the back of pieces of note paper. The notes, available in various size sheets, come in the form of handy pads. Merely jot a note to yourself or someone else, lift the note from the pad and touch it to the wall, door, film box, photo paper box, or other surface. The note will stick to almost any surface and can be removed without doing harm to painted walls or any other delicate finishes.

Big John Studd

December 22, 1983
Fitness Offerings
studd.jpgEarlier this month President Reagan gave Parade Magazine, the Sunday newspaper supplement, an exclusive story on how he keeps fit. Included in the article over the President's byline was an exhortation to Americans to follow his example and take up, among other exercises, weight lifting.

So far, according to the White House press office, there "hasn't been a large response." But among the early respondents were several people apparently seeking indirect White House endorsement of their exercise products.

Spalding, the company that gave the nation the high-bounce pink rubber ball sometimes called the Spaldeen, has offered the President the free use of Power Rings, a weight-lifting device that retails for $109. And Big John Studd, a professional wrestler who says he is the only man to have body-slammed Andre the Great, has asked the Reagan re-election committee to give the President his own exercise contraption, which is a bicycle handlebar affixed to a wagon wheel.

Here are some of the topics featured in previous installments of this series:

"¢ Volume I: The Simpsons, Barack Obama, iPod and Microsoft
"¢ Volume II: Donald Trump, Starbucks, Global Warming and Wikipedia
"¢ Volume III: JFK, The Smurfs, the Internet
"¢ Volume IV: Larry David, Ulysses S. Grant, VCRs
"¢ Volume V: Walkman, Osama bin Laden, Pearl Jam
"¢ Volume VI: Times Square, Marijuana, Googling
"¢ Volume VII: Kobe Bryant, Apartheid, Gatorade
"¢ Volume VIII: Bob Dylan, Barbie, War on Terror

T.jpgWant complete access to The New York Times archives, which go all the way back to 1851? Become an NYT subscriber.

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iStock
These Sparrows Have Been Singing the Same Songs for 1500 Years
iStock
iStock

Swamp sparrows are creatures of habit—so much so that they’ve been chirping out the same few tunes for more than 1500 years, Science magazine reports.

These findings, published in the journal Nature Communications, resulted from an analysis of the songs of 615 adult male swamp sparrows found in six different areas of the northeastern U.S. Researchers learned that young swamp sparrows pick up these songs from the adults around them and are able to mimic the notes with astounding accuracy.

Here’s what one of their songs sounds like:

“We were able to show that swamp sparrows very rarely make mistakes when they learn their songs, and they don't just learn songs at random; they pick up commoner songs rather than rarer songs,” Robert Lachlan, a biologist at London’s Queen Mary University and the study’s lead author, tells National Geographic.

Put differently, the birds don’t mimic every song their elders crank out. Instead, they memorize the ones they hear most often, and scientists say this form of “conformist bias” was previously thought to be a uniquely human behavior.

Using acoustic analysis software, researchers broke down each individual note of the sparrows’ songs—160 different syllables in total—and discovered that only 2 percent of sparrows deviated from the norm. They then used a statistical method to determine how the songs would have evolved over time. With recordings from 2009 and the 1970s, they were able to estimate that the oldest swamp sparrow songs date back 1537 years on average.

The swamp sparrow’s dedication to accuracy sets the species apart from other songbirds, according to researchers. “Among songbirds, it is clear that some species of birds learn precisely, such as swamp sparrows, while others rarely learn all parts of a demonstrator’s song precisely,” they write.

According to the Audubon Guide to North American Birds, swamp sparrows are similar to other sparrows, like the Lincoln’s sparrow, song sparrow, and chipping sparrow. They’re frequently found in marshes throughout the Northeast and Midwest, as well as much of Canada. They’re known for their piercing call notes and may respond to birders who make loud squeaking sounds in their habitat.

[h/t Science magazine]

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iStock
18 Smart Products To Help You Kick Off Summer
iStock
iStock

Whether you’re trying to spiff up your backyard barbeque or cultivate your green thumb, these summertime gadgets will help you celebrate the season from solstice to the dog days.

1. ROSÉ WINE GLASSES; $60

Rosé Wine Glass
Amazon

Why It’s Cool: Wine not? When the temperature rises and beer isn’t your thing, reach for the rosé. Riedel’s machine-blown SST (see, smell, taste) wine glasses will give the sparkly stuff ample room to breathe, making every refreshing sip worthwhile.

Find It: Amazon

2. NERF N-STRIKE ELITE SURGEFIRE; $25

Nerf SurgeFire
Hasbro

Why It’s Cool: The N-Strike Elite SurgeFire (say that five-times-fast) sports a pump-action rotating drum for maximum foam-based firepower and holds up to 15 Nerf darts in its arsenal.

Find It: Hasbro Toy Shop

3. BUSHEL & BERRY PLANTS; $34

plant
Amazon

Why It’s Cool: You don’t need to have a green thumb to create a brag-worthy garden this summer. Besides producing snackable mid-season berries, these open-growing bushes can be planted immediately for easy set-up to make you look like a botanical pro.

Find It: Amazon

4. INFLATABLE DONUT; $17

Doughnut float
Amazon

Why It’s Cool: When the only dunking you’re doing is taking a dip in the pool, a 48-inch inflatable donut is the perfect way to stay afloat.

Find It: Amazon

5. STAR SPANGLED SPATULA; $21

American flag spatula
Amazon

Why It’s Cool: O say can you see by your grill’s charcoal light / Meats so proudly we cooked ... with a star spangled spatula. Depending on the specific model, these all-American grilling tools (designed in New Jersey and made in Chicago) are made of a combination of walnut and stainless steel or nylon. As an added bonus: 5 percent of the proceeds go to the Penn Abramson Cancer Center.

Find It: Amazon

6. MLB HOT DOG BRANDERS; $8 AND UP

MLB San Diego Padres Hot Dog BBQ Brander
Amazon

Why It’s Cool: Take your hot dogs, sausages, brats, and more out to the ballgame without ever leaving your grill. These branders from Pangea Brands are dishwasher-safe and made of ceramic-coated cast iron.

Find It: Amazon

7. UNA GRILL; $139

grill
MoMA Shop

Why It’s Cool: This portable charcoal-heated grill is as efficient as it is stylish. The compact size lets you cook at the park, after hitting up MoMA, or anywhere in between.

Find It: MoMa Shop

8. HAMBURGER GRILLING BASKET; $21


Why It’s Cool: Made of steel and finished with a non-stick coating, this grilling tool flips four burgers at once and maintains perfect burger proportions to guarantee nobody stays hungry for long.

Find It: Amazon

9. COPPER FIRE PIT; $121

metal fire pit
Amazon

Why It’s Cool: The grill isn’t the only place for a roaring fire this summer. This 100 percent solid copper fire pit makes for the perfect gathering spot at your next BBQ, or just to warm up after a cool summer evening.

Find It: Amazon

10. BENDY STRAW POOL NOODLE FLOAT; $10

Bendy Straw Inflatable Pool Float
Amazon

Why It’s Cool: Inflatable pool floats shouldn’t be boring, and this bendy straw float definitely does not suck. This unique spin on traditional pool noodles is sure to make for some cheesy jokes, but at least you’ll be comfortable floating in the pool or at the beach.

Find It: Amazon

11. GRIDDLER DELUXE; $111

Cuisinart GR-150 Griddler Deluxe
Amazon

Why It’s Cool: If you’re looking for some serious panini power, this griddler offers up a versatile lineup of six cooking options in one. And with dual-zone functions you can sling burgers while searing filets and sautéeing vegetables all at the same time.

Find It: Amazon

12. VINTAGE SNOW CONE MAKER; $30

Vintage Snow Cone Maker
Amazon

Why It’s Cool: With its old-timey design, dual cone shelf, and endless flavor options, this snow cone maker is guaranteed create a cool treat.

Find It: Amazon

13. DACHSHUND CORN ON THE COB HOLDERS; $7

Dog Corn Holders
Amazon

Why It’s Cool: While meat-lovers will inevitably scarf down a lot of hot dogs this summer, vegetarians who happen to love another kind of dog will be smitten with these stainless steel, Dachshund-shaped corn on the cob prongs. They’re a fun spin on a summer grilling favorite.

Find It: Amazon

14. ICE CREAM SANDWICH MAKER; $16

Ice Cream Sandwich Maker
Amazon

Why It’s Cool: Four sandwiches are better than one, especially when they're of the ice cream variety. Make four ice cream sandwiches at once with this homemade spin on a classic cold treat.

Find It: Amazon

15. UE WONDERBOOM; $68

Bluetooth speaker
Amazon

Why It’s Cool: Besides delicious food and great company, some memorable tunes are required for the quintessential barbeque. This portable bluetooth speaker offers up some booming sound in a small package, and with a battery power of 10 hours on a single charge you can keep the party going all night.

Find It: Amazon

16. ROLLORS GAME; $38

Rollors Backyard Game
Amazon

Why It’s Cool: When you’re sick of bocce, hate horseshoes, and you’re over cornhole, you might want to take up “rollors,” a family-friendly game that combines your favorite traditional backyard festivities into one game for people of all ages.

Find It: Amazon

17. HAMMOCK; $174

hammock
Amazon

Why It’s Cool: Rest easy knowing that this 100 percent hand-woven and hand-dyed cotton hammock contributes to artisan job-creation in Thailand.

Find It: Amazon

18. VSSL SURVIVAL ESSENTIALS; $59

Emergency Survival Tent Outdoors
Amazon

Why It’s Cool: Compact, convenient, and durable, the VSSL Shelter can come in handy when things don’t go quite as planned. The device—which features a lightweight emergency shelter all within the handle of a compact, weather-resistant aluminum LED flashlight—is designed to keep you safe under the worst conditions.

Find It: Amazon

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