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founder & ceo board of directors

David Alexander Samita Vasudeva Garin Kilpatrick Michael Manirakiza

magazine production team editor-in-chief co-senior online editor online editor

section editor staff writer

contributing writer

Kevin Kang Saif Quershi Luis Fernando Arce William Elliot Shaub Elizabeth Varvaro Teng (Tony) Ge Vahida Badat Shindusan Parameswaran Alfred Yim Victoria Chau Gurpreet Purewal Jennifer Jang Liam Scott Zack Larmand Abinash Murali Narayanan Exequiel Octavio Bertaina Maymuna Abdi Chet F. Chung Steve Richter Aditi Sethi Lisa Sookraj Shaun L. Turriff Jorge Thielen Prachi Kamble Anna Marszalek Corinne Ton That Arina Kharlamova Magdalene Arthur Betty Yan Amanda Childs Samadrita Guin Troy Redick Varun Sharma

ARBITRAGE SUPPORT STAFF director hr assistant hr director hr coordinator

marketer

communications rep stakeholder outreach rep web developer sales manager

Rabeea Wajeeha Alejandro Lara Natalie Sekiritsky Evonna Ladipaolo Rebecca Tang Stefany Ting Tung Yeung Catherine Chen Claudia Carvajal Marcia Rivera Navarrete Alexandra Connerty Yousuf Mohammad Vahida Badat Victoria Wong Jaspreet Singh

art director assistant art director staff designer

Ryan Trinidad Alex Vong Yessi Arifin Luis Ernesto Rojas Gonzalez Akil Worrell Jennifer Lee Laura Gonsalves Katie L. Serensits Angela Song Christine Sherry Monserrat Rivera Joseph Kong Richard Pereira Richard Bramer Andrew West Tim Walker Corinne Chesher Nadine Kim Eman Faiz Laura Prosser Eleanor Ma Christopher Eric Olson Selina McGinnis In Young Lee Ryan James Terry Bowie Shum

COVER CREDITS model photographer makeup & hair artist stylist

Eriel† Photomotor Natalia Zurawska‡ Kim Blair

† ‡

www.wix.com/modeleriel/index www.colourchameleon.com


editor’s note

To the Arbitrage Community, Congratulations, curious reader—you are about to read the newest issue of Canada’s largest, student-driven business magazine! Thanks to the dedication of our staff, contributors and readers like you, we have grown from a small crew of a dozen students to the sprawling organization we are today. With an ever-growing team of passionate students, the arb continues to gather momentum for future expansion. With more exciting ideas and provocative visuals than ever before, this issue is among our best works yet! What does Economics of Vice really mean? It is the vast and controversial part of our economy that silhouettes a darker side of society. We explore each of the seven biblical sins, and its role in the contemporary business world. From pornography to cosmetic surgery, this issue looks beyond just the dollar signs and protests. Are we benefiting from these industries? How far will they go in the not-so-distant future? Read on, take a step back, and see the intricate machinations of the bigger picture. But wait, there’s more! The arb has always encouraged the spirit of entrepreneurship, and this issue brings you exclusive interviews with two of the most successful young entrepreneurs in the nation: Lauren Friese, founder of TalentEgg; and Daniel Debow, founder of Rypple. If you’re thinking of starting your own business, take a moment to scan through their thoughts and absorb the experiences of these seasoned young leaders. Arbitrage Magazine is always looking out for your best interests: helping you prepare for your career, keeping you up to date with current events, giving you exposure to fresh ideas, and pleasing your senses with beautiful designs. Sit down, open your mind, and prepare yourself for the arb’s seventh issue!

Kevin Kang Editor-in-Chief Arbitrage Magazine email kevin.k@arbitragemagazine.com linkedin http://ca.linkedin.com/pub/kevin-qingyuan-kang/17/729/418


TRENDS Pride, greed, lust, wrath, gluttony, envy, and sloth—since ancient times, these seven deadly sins were seen as the quickest path to damnation and an eternity of torment in hell. The sins formed a moral boundary that people feared not cross, if they wished to live a virtuous life. However, if you take a look around you, you will see that society has not only crossed these boundaries, but decidedly built the deadly sins into the fundamental mechanics of our world. From the multi-billion dollar adult entertainment industry to the greed inherent in corporate overcompensation, the following pieces explore each of the seven deadly sins and how they have become incorporated into our economy. Where are these “sin industries” going? How will this impact the future of our economy and world as we know it? Read on and you may be surprised by the economics of vice.

6

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Wrath: Taking it to the Ground with Mixed Martial Arts Understanding the history and revival of mixed martial arts in today’s sporting world

20

Lust: Going Deep Inside the Adult Entertainment Industry An industry which seemed recession-proof does not appear so now

33

Greed: How Much are They Really Worth? Corporate bonuses gone overboard and the legislation that aims to stop it

44

Gluttony: High All Over the World Drug use has become a global concern over the past several years

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Pride: Dusting the Cracks in the Beauty Industry We know sex sells....but does insecurity?

58

Envy Rumor Has It, the Gossip Industry is Pulling Your Strings.

74

Sloth: The Video Game Industry A benefit or concern in the future?


FINANCE & ECONOMICS Every day, the world of finance and economics pumps out enough information to drown any unsuspecting student. This section helps distil some of the relevant topics of today to give you an idea of what’s happening in the world. From Egypt’s economy post-Mubarak to investment banking as a career, there is plenty to learn in this fascinating field.

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16

What is Investment Banking? The inside scoop on one of the most prestigious careers in finance

17

In Post-Mubarak Egypt, Economy Continues to Slide

18

Food for Your 2011 Portfolio Commodity stocks are hot for the new year


CULTURE This section tackles the issues we face in our local communities and daily lives. Between the proliferation of social media and the legalization of prostitution, the modern culture of our generation is faced with unique issues never before experienced by our parents. Read on to see how the nature of our social framework is changing, and what’s in store for us when we inherit the world.

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47

Linking In & Synching Up to Stay Ahead The value of social media for professional uses

57

Cycle and Recycle: The Bixi Method A Montreal-based company capitalizes from renting bicycles

61

Living with STDs The State of STDs in Canada

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Bill 156: Restricting For the Sake of Restricting Why the manga and anime industry may deteriorate as a result of the ruling

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Legal Prostitutes


SCIENCE & TECHNOLOGY Progress is the fuel of tomorrow. With the future charging at us at an ever-accelerating pace, it’s clear that science will mark the landscape of our world. From the explosion of cell phones in third world countries to the latest gadgets, this section explores the themes of contemporary technology and their impact on the way we live and interact.

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38

The Technological Race Product cycles that are leaving us all behind

40

Why a Farmer Needs a Cellphone The role of mobile phones in developing countries

41

Sun Power, Vision Control and Spiffy Shades? Technological breakthroughs to look forward to in the coming years

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Have You Joined the iPad Bandwagon Yet? Understanding our fascination with the iPad and looking into its future use in our daily lives


BIZ START UP A spark of inspiration can grant an entrepreneur the potential to shape the world. This sections hopes to provide you the tools to fan the spark and let it ignite into a full-fledged venture. This issue features exclusive interviews with two of Canada’s top young entrepreneurs: Lauren Friese from TalentEgg and Daniel Debow from Rypple. Read on and arm yourself with their sagely wisdom so that you can also one day make your own mark on the world as a business leader!

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28

Star Startups Four of last year’s best new online businesses and what made them great

32

Networking Tips for Young Entrepreneurs Subheading here


STUDENT RESOURCES Where do you want to be in 20 years? We all want success, whether it be a large pay cheque, early retirement, prestige, or simply the ideal career. But how do we get there? The complex world of business is filled with risks and rewards. Taking the right step on your career path may lead you to your dream job, but taking the wrong step may result in a major setback. As a student, the ARB strongly encourages you to explore your options and keep an open mind. Arm yourself with the insights found in the following articles, and get informed about some of the most important choices you will ever have to make.

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84

Exclusive Interview with Lauren Friese The founder of TalentEgg, the Canadian career resource website for students and recent graduates, speaks about her experiences

87

Career Spotlight: Breaking Into Finance with Manulife Financial An exclusive interview with Lindsay Watson, Campus Program Consultant at Manulife

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Exclusive Interview with Daniel Debow A Canadian entrepreneur speaks about his climb to wealth and success


Lust

GOING DEEP INSIDE THE ADULT ENTERTAINMENT INDUSTRY

HIGH ALL OVER THE WORLD

Greed Sloth

Pride

HOW MUCH ARE THEY REALLY WORTH?

VIDEO GAMES: THE SOUL EATER?

TAKING IT TO THE GROUND WITH MIXED MARTIAL ARTS GOSSIP GIRL INDUSTRY, PULLING YOUR STRINGS

Gluttony

Wrath

Envy

DUSTING THE CRACKS IN THE BEAUTY INDUSTRY

ECONOMICS

of

Vice

JULY 2011


Lust

GOING DEEP INSIDE THE ADULT ENTERTAINMENT INDUSTRY

HIGH ALL OVER THE WORLD

Greed Sloth

Pride

HOW MUCH ARE THEY REALLY WORTH?

VIDEO GAMES: THE SOUL EATER?

TAKING IT TO THE GROUND WITH MIXED MARTIAL ARTS GOSSIP GIRL INDUSTRY, PULLING YOUR STRINGS

Gluttony

Wrath

Envy

DUSTING THE CRACKS IN THE BEAUTY INDUSTRY

ECONOMICS

of

Vice

JULY 2011


Lust

GOING DEEP INSIDE THE ADULT ENTERTAINMENT INDUSTRY

HIGH ALL OVER THE WORLD

Greed Sloth

Pride

HOW MUCH ARE THEY REALLY WORTH?

VIDEO GAMES: THE SOUL EATER?

TAKING IT TO THE GROUND WITH MIXED MARTIAL ARTS GOSSIP GIRL INDUSTRY, PULLING YOUR STRINGS

Gluttony

Wrath

Envy

DUSTING THE CRACKS IN THE BEAUTY INDUSTRY

ECONOMICS

of

Vice

JULY 2011


JULY 2011

Vice Lust

ECONOMICS

of

GOING DEEP INSIDE THE ADULT ENTERTAINMENT INDUSTRY

Gluttony

HIGH ALL OVER THE WORLD HOW MUCH ARE THEY REALLY WORTH?

Greed GAMES: THE SOUL EATER? Sloth VIDEO

TAKING IT TO THE GROUND WITH MIXED MARTIAL ARTS

Envy

Wrath

GOSSIP GIRL INDUSTRY, PULLING YOUR STRINGS

DUSTING THE CRACKS IN THE BEAUTY INDUSTRY

Pride


JULY 2011

Lust Gluttony

GOING DEEP INSIDE THE ADULT ENTERTAINMENT INDUSTRY

HIGH ALL OVER THE WORLD

Greed

HOW MUCH ARE THEY REALLY WORTH?

Sloth

VIDEO GAMES: THE SOUL EATER?

Wrath GOSSIP GIRL INDUSTRY, PULLING YOUR STRINGS

TAKING IT TO THE GROUND WITH MIXED MARTIAL ARTS

Pride

Envy

ECONOMICS

of

DUSTING THE CRACKS IN THE BEAUTY INDUSTRY

Vice


Bind