Archive for the 'business' Category



Here’s what Ken Kesey had to say about Wendell Berry:

“Wendell Berry is the Sargeant York charging unnatural odds across our no-man’s-land of ecology. Conveying the same limber innocence of young Gary Cooper, Wendell advances on the current crop of Krauts armed with naught but his pen and his mythic ridgerunner righteousness. One after the other he picks them off, from the flying bridges of their pleasure boats as they roar through his native Kentucky rivers, from beneath the hard hats in the Hazard county strip mines, from the swivel chairs in the Pentagon where they weigh the various ways to wage war on all forms of enemy life beyond the end of their own friendly chin. He’s a crackshot essayist and, for those given to capture, a genial and captivating poet. He boasts a formidable arsenal of novels, speeches, articles, stories and poems from his outpost in one of the world’s most ravaged battlefields where he writes the good fight and tends his family and his honeybees. Consider him an ally.”

The thing is, Kesey said this in 1971. Full Story »


CNN’s prime-time ratings — those hours between 7 and 11 p.m. that command premium advertising rates — have fallen sharply. CNN, reports The New York Times and MSNBC, now trails three of its principal competitors, Fox News Channel, MSNBC, and its in-house competitor, HLN (formerly Headline News).

CNN’s ratings in the prime 25-54 demographic fell 77 percent in the last 12 months. Finger-pointers and blame-gamers abound. The Times‘ Bill Carter calls the last-place performance of CNN’s “signature host” Anderson Cooper “alarming” at the 10 p.m. slot. Charles Warner of mediacurmudgeon.com writes at HuffPo that Fox and MSNBC may have outbid CNN for favorable channel positions. Others, like Bill Gorman of tvbythenumbers.com, thinks CNN lost its substantial advantage gained from its political coverage from 2006 to 2008.

But seasoned TV pundits are missing a significant point lost in the blizzard of analyses of the cable news rating wars.
Full Story »


Enron, which is packing the Royal Court Theatre nightly before it heads off to the West End at highly inflated ticket prices, is worth it. It’s a bit disenheartening that Lucy Prebble, whose second play it is, can turn out such an accomplished piece of work at such a tender age—she’s all of 28. But it’s great theatre—it covers the bases, it’s pretty funny throughout and highly funny in spots, and if it overdoes some of the symbolism at time, it captures how Enron fit into the American imagination of the time. And it moves right along, without a dead spot all evening. Prebble understands that Enron is a quintessentially American story, one of a business so intertwined with politics and funny money and that curious belief in unfettered markets that no one ever seems to learn from. That she is able to turn this story of a confused mixture of greed and ideology into a fine theatrical evening is a considerable accomplishment. Full Story »

Artvertising

Posted on October 25, 2009 by Jim Booth under Arts, Literature & Culture, ArtsWeek, advertising, art, business [ Comments: 2 ]

Art as the Servant of Commerce

“… every Beatles song ever recorded is going to be advertising women’s underwear and sausages… It’s one thing you’re dead, but we’re still around! They don’t have any respect for the fact that we wrote and recorded those songs, and it was our lives.” – George Harrison, 1987.

“To have great poets, there must be great audiences.” – Walt Whitman

The Levi’s jeans company is currently running a new advertising campaign featuring Walt Whitman’s poems “Pioneers! O Pioneers!” and “America.” Full Story »


money burning earthImagine that in a few years you wake up to news reports on the radio that your town is under a flash flood watch. The ground has been so baked by the recent drought that water can’t soak in, and so the pounding rain is just flowing off into streams and filling low-lying areas.

What’s worse is you’ve got a pediatrician appointment today for both of your kids – their asthma is acting up and the drugs aren’t working as well as they should be. Furthermore, your son is still recovering from a case of malaria he picked up, probably from a mosquito bite he got during the pee wee football game by the reservoir a couple of months ago. At least the rains will damp down on your environmental allergies some today. Better rain, even flooding, than the dust storm that blew through the area a couple of weeks ago. That caused several major pileups and fouled up ventilation so bad that some of the buildings downtown are still closed..

As you pull together breakfast for the family, there’s no milk because it’s too expensive. Full Story »


carboholic

tdat

Is the Earth’s climate approaching a critical transition, aka a “tipping point,” beyond which major and largely unpredictable climate changes are guaranteed to occur? At this point, scientists do not know the answer to that question. A study published in the journal Nature aims to explain the mathematics of critical transitions beyond just the Earth’s climate and in the process, determine if there are early-warning signals that indicate when a complex system is about to undergo a critical transition.

According to the paper, every complex system, whether it be climate, asthma attacks and epileptic seizures, or systemic crashes in financial markets, exhibits the same basic precursor signs of a tipping point, at least mathematically speaking. Full Story »

Grasping for salvation

Posted on October 3, 2009 by Lex under business [ Comments: 12 ]

toyota_talibanRemember the last year, when Big 3 executives went pleading for salvation in Washington? Of course you do, and you probably remember the Southern politicians telling them to shove it because the transplant factories of the South were the beacon of union-free automotive manufacturing. The foreign companies that own those factories were models of efficient production that could carry the weight, so send the domestics to the dustbin of Soviet Socialist history. On the other side of the political divide, liberals sang the praises of their efficient, reliable Toyotas. They cursed the domestics and beyond the bleeding of their hearts for those blue collar workers in the Rust Belt, cared little for the collapse of the domestic auto industry. Many of them cheered because the domestics make “inferior” products in any case.

Now Akio Toyoda is ready to commit seppuku because Toyota is on the brink of “capitulation to irrelevance or death”. That would explain why it still wants the millions promised to it by the state of California early this year for training workers, even after it pulled out of the NUMMI plant that will put close to 5,000 workers on unemployment.

Full Story »


You know who you are.

YouTube Preview Image

And… Full Story »


Ever since the Internet began gaining popular awareness in the mid-1990s, the topic of how businesses can productively use various new media technologies has been a subject of ongoing interest. Along the way we’ve had a series of innovations to consider: first it was the Net, and the current tool of the moment is Twitter. In between we had, in no particular order, Facebook (not that Facebook has gone away, of course), CRM, mobile (SMS, smart phones, apps), blogging, RSS and aggregation, Digg (and Reddit and StumbleUpon and Current and Yahoo! Buzz and Technorati and Del.icio.us and seemingly thousands more), targeted e-mail, YouTube, SEO, SEM, online PR and, well, you get the idea.

We certainly hear examples of businesses getting it right with new media, but in truth these cases represent a painfully small minority. Full Story »


A recent edition of Forbes magazine explores the ROI — return on investment — of the cost of attending the nation’s more prestigious schools of business. Generally speaking, graduates of these top 75 schools need 4 to 4 1/2 years to recoup tuition, fees and foregone compensation.

Part of my job as a journalism professor is to recruit students. Because I was a journalist, I’m interested in finding bright, hard-working young men and women who’d like to follow the calling of the public service mission of journalism. (I remain optimistic, perhaps foolishly.)

Parents of prospective students, of course, routinely ask: “What’s your record on job placement?” That I can tell them, based on surveys of our grads six months after matriculation. (And it’s an excellent record, too.)

But here’s the question I dread:
Full Story »


The word carries a sense of enforced separation — walls, as in pay walls. Keep out those who don’t belong — meaning those who don’t, won’t, or can’t pay.

Managers of content-provision corporations — there’s no point any more in calling them “newspaper companies” — are desperate for revenue after enduring print ad losses. So, after 15 years of giving away the milk for free online, they’ve finally mustered up the cojones to at least talk about charging for content on their websites. They speak of this in a language the reporters they’ve fired would never use — the content provision managers talk of monetizing their sites, of incorporating paid-content strategies, of generating additional digital revenue.

And if you believe pay-content impresario Steven Brill of Journalism Online, about 1,000 publishers — er, content-provision specialistsexpect to make $900 million at $8.33 a month from the 10 percent of online website visitors Mr. Brill thinks would be willing to cough of up the cash. But an American Press Institute study says only 51 percent of publishers (who voluntarily completed a survey) think they can charge successfully for online content.

But what does “successfully” mean? And who gets to define it? Easy: Cui bono?
Full Story »


Mr. President, Mr. Vice President, Speaker Pelosi, Majority Leader Reid, Senator Bennet, Senator Udall, Representative DeGette:

As we all know, the nation has been alive with discourse of all flavors over the current state of the health care system and the insurance industry. Recently, Senator Baucus has brought forth his proposal, dubbed by some critics (rightly so, in my opinion) the “Insurance Industry Profit Protection and Enhancement Act.

Please listen: The very reason we need the government to intervene is because millions of us have a Sword of Damocles hanging over our heads. Private industry has already proven that it cannot be trusted to look out for its bottom line and simultaneously safeguard and maintain the health of the American people, even if some of us are misguidedly rallying in the streets against our interests at the urgings of their preferred Chicken Littles of media and industry.

It is my belief that what needs to be accomplished is the affirmation of every American citizen’s right to a basic level of health, security and well-being above a private company’s right to make a profit, which it currently does in part by conveniently discounting and disregarding its customers’ human rights at its whims. Private insurers need to know, as my mother would say, that “your rights stop where another one’s starts.” Full Story »

Organizations, fear and leadership

Posted on September 18, 2009 by Dr. Slammy under business [ Comments: 6 ]

My wife, who’s working on her MBA, is currently wading through a class that focuses on leadership. The other night she observed that “there sure are a lot of people out there developing theories on leadership, aren’t there?”

Well, yes, and for good reason. Most of those people are working to provide hooks for consulting practices, which can be pretty marketable. Why? Every company needs strong leaders. In fact, it’s probably safe to say that very few companies, if any, have as much in the way of leadership skills as they would like. Even if they have strong leadership at the top, you need leadership at all levels of the organization in order to be truly effective, and every business I’ve ever encountered had at least a little room for improvement. Full Story »

Fear is the organization killer

Posted on September 15, 2009 by Dr. Slammy under business [ Comments: 14 ]

Once upon a time the business world was dominated by hierarchical organizations that derived both their structures and mechanistic management philosophies from military thinking that traces its lineage through Frederic the Great all the way back, literally, to the Roman legions. And by “once upon a time,” of course, I mean “at this very minute.”

The truth is that way too many American companies today act as though their employees are some combination of robot and peasant foot soldier. (Hopefully we’re not talking about the company you work for, but I imagine we’ve all been there at some point – I know I have and so have most of the people I know.) Full Story »


2009corpperson-top35According to Fortune Magazine, the largest American company in 2009 was Exxon Mobil Its total revenues were $442.85 billion. Second was Wal-Mart, with total revenues of $405.61 billion. Rounding out the top 10 were Chevron ($263.16 billion), ConocoPhillips ($230.76 billion), General Electric ($183.21 billion), General Motors ($148.98 billion), Ford Motor ($146.28 billion), AT&T ($124.03 billion), Hewlett-Packard ($118.36 billion), and Valero Energy ($118.30 billion).

According to the International Monetary Fund (IMF), the 182 nations of the world had a combined GDP of nearly $60.9 trillion (or $60,900 billion) in 2008. But comparing the GDP data to the Fortune 500 data produces the table at right (click for the top 182 nations and corporations each, in order). If Exxon Mobil were a country, it would rank 25th in the world, right between Norway and Austria. Wal-Mart would rank 27th, sandwiched between Austria and Taiwan. Chevron would rank 28th, ConocoPhillips 42nd, GE 49th, GM 59th, Ford 60th, and AT&T, H-P, and Valero would be ranked 64-66 respectively.

In fact, all of the Fortune 500 would rank above the 40 smallest national economies in the world. And the smallest company on Fortune’s list of the 1000 largest U.S. companies would be larger than the national economies of 28 entire countries. Exxon Mobil’s revenue is greater than the combined GDP of the 78 smallest countries (out of a total of 182) in the world. Full Story »


You’re honey child to a swarm of bees
Gonna blow right through you like a breeze
Give me one last dance
Well slide down the surface of things

You’re the real thing
Yeah the real thing
You’re the real thing
Even better than the real thing

- U2

Fantasy stories, myths, legends, tall tales, fairy tales, horror, all these have been with us for a very long time. Science fiction, as well, has been with us since Mary Shelley found herself in a bet with Lord Byron about the possibility of writing a new kind of horror, one not grounded in the gothic.* So the presence in our popular culture of stories based in unreality of one form or another is certainly nothing new.

It seems to me that there’s been a lot more of it lately, though. Full Story »


accce-whoOn Wednesday, September 2, Duke Energy announced that they were withdrawing from membership in the American Coalition for Clean Coal Electricity (ACCCE), an industry group composed of utilities, mining companies, and other companies involved in the mining, transportation, and combustion of coal.

In response, the ACCCE issued a bland statement that didn’t even mention Duke by name. It says, in part:

ACCCE is a broad and diverse coalition, composed of more than 40 members, who are working to advance the public policy dialogue on critical issues relating to energy, environmental, and economic policies. From time to time, individual coalition members may have different perspectives with regard to important policy positions.

Full Story »


The newspaper industry promises it will begin charging for news online. But it shares a similar problem with the music industry. It has allowed consumers of news for well more than a decade to treat news as a free good.

Further, during that decade, the newspaper industry has purposely deteriorated its product in a vain attempt to chase the last dram of declining advertising revenue. To do this, it has cut costs in the two principal areas it can — paper and people. Physically, newspapers have shrunk in height, width and number of pages, reducing the amount of newsprint required. In 1990 America’s daily newspapers had 56,900 staffers; 5,900 journalists lost their jobs in 2008; and thousands more have been whacked this year. And it’s the expensive high end of the experience spectrum that the industry has callously discarded. So profit levels remained tolerable to shareholders, but only because of decreased costs — not increased revenue.

And the titans of the industry now say they’re going to charge for a product produced by fewer people with less experience that’s led to far more editing errors and one-source stories that reveal much in their shallowness about the quality of the product being sold? Good luck with leading the paid content charge, Rupert.
Full Story »


A lot of people want music but don’t want to pay for it. Moses Avalon’s latest examines some of the complexity surrounding the issue and looks at what it will take for the music industry to solve the problem.

It is a law of commerce: you cannot sell something if there is no perceived value in it. You simply can’t. Suing people who steal music, as the RIAA did in 2003-8, is not really educating the public. It scares them a little, and perhaps this was necessary, but the conceptual effect is probably no different than TV companies suing viewers for making a tape (or DVD) of a movie shown on the air and then lending it to a friend who can’t afford their own TiVo. Full Story »


carboholic

Scopes

Earlier this week, the LATimes reported that the U.S. Chamber of Commerce (hereafter “the Chamber”) has petitioned the EPA to hold a trial-like hearing on the science of climate disruption. According to the article, officials for the Chamber want to make it “‘the Scopes monkey trial of the 21st century.’”

EPA officials interviewed for the LATimes article are dismissive of the Chamber’s petition, referring to it in the article as “frivolous” and a “waste of time.” However, given that the Chamber has threatened to take the EPA to federal court to force them to hold this trial-like hearing, it’s unlikely that the Chamber considers their petition “frivolous.” Full Story »

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