Greed and Capitalism

What kind of society isn't structured on greed? The problem of social organization is how to set up an arrangement under which greed will do the least harm; capitalism is that kind of a system.
- Milton Friedman

Tuesday, December 30, 2014

Hourly cost of operating US military aircraft



Busines  Insider ‏@businessinsider

This chart shows the staggering hourly cost of operating US military aircraft  


buff.ly/1xw3c6V

The US military is set replace many of its aircraft with planes that cost substantially more to operate by the hour.

James Fallows, a national correspondent for The Atlantic, noted in a recent cover story for the magazine that costly military projects of questionable worth are becoming increasingly spread throughout congressional districts across the country. This means that projects such as the astronomically expensive F-35 become too politically sensitive to ever cancel, even if the planes themselves aren't cost-effective once they make it to the air.

The following graphic, courtesy of The Atlantic, highlights the disparity in flight hour costs for various aircraft in the US fleet. 













Why the oil price is falling

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The Economist explains: Why the oil price is falling



Sunday, December 28, 2014

Positive Thinking Reconsidered


 SCIENCE

Dare to Dream of Falling Short

Gabriele Oettingen Turns Her Mind to Motivation in ‘Rethinking Positive Thinking’

DEC. 22, 2014 


Credit Patricia Wall/The New York Times

Books

By RICHARD A. FRIEDMAN, M.D.
 

Ever hear the joke about the guy who dreams of winning the lottery
After years of desperate fantasizing, he cries out for God’s help. Down from heaven comes God’s advice: 
“Would you buy a ticket already?!”

Clearly, this starry-eyed dreamer is, like so many of us, a believer in old-fashioned positive thinking: Find your dream, wish for it, and success will be yours.


Not quite, according to Gabriele Oettingen, a psychology professor at New York University and the University of Hamburg, who uses this joke to illustrate the limitations of the power of positive thinking. 

In her smart, lucid book, “Rethinking Positive Thinking: Inside the New Science of Motivation,” Dr. Oettingen critically re-examines positive thinking and give readers a more nuanced — and useful — understanding of motivation based on solid empirical evidence.

Conventional wisdom has it that dreams are supposed to excite us and inspire us to act.

Putting this to the test, Dr. Oettingen recruits a group of undergraduate college students and randomly assigns them to two groups. 

1. She instructs the first group to fantasize that the coming week will be a knockout: good grades, great parties and the like. 

2. Students in the second group are asked to record all their thoughts and daydreams about the coming week, good and bad.

Strikingly, the students who were told to think positively felt far less energized and accomplished than those who were instructed to have a neutral fantasy. 

Blind optimism, it turns out, does not motivate people; instead, as Dr. Oettingen shows in a series of clever experiments

it creates a sense of relaxation complacency. 

It is as if in dreaming or fantasizing about something we want, our minds are tricked into believing we have attained the desired goal.

There appears to be a physiological basis for this effect: Studies show that just fantasizing about a wish lowers blood pressure, while thinking of that same wish — and considering not getting it — raises blood pressure. 

It may feel better to daydream, but it leaves you less energized and less prepared for action.

Thinking she could get people to act on their wishes by confronting them immediately with the real obstacles that stood in their way, Dr. Oettingen and her colleagues developed a technique called mental contrasting.
In one study, she taught a group of third graders a mental-contrast exercise: 

1 They were told to imagine a candy prize they would receive if they finished a language assignment, and 
2 then to imagine several of their own behaviors that could prevent them from winning. 
 
Outcome:
 The students who did the mental contrast outperformed those who just dreamed.
So much for the relentless “you can do it” attitude that pervades our culture. 

Apparently, being mindful not just of your dreams, but also of the real barriers that you or the world place in their way, is a far more effective way of achieving your goals.
It seems like an obvious and deceptively simple concept, yet according to the author, only one in six people spontaneously thinks this way when asked what accomplishment is foremost in his or her mind.

Of course, people can spend years in psychotherapy exploring the reasons they have failed to succeed, too often with little to show for their efforts. 

But insight, as most mental health professionals know, is rarely sufficient to change behavior, and Dr. Oettingen says such therapy is probably unnecessary for many people.

Instead, she offers a simpler and faster alternative, an extension of her empirically validated mental contrasting exercise. She calls it:

  WOOP — “wish, outcome, obstacle, plan.”

According to preliminary data the author presents, mental contrasting can lead to better eating habits, an improved exercise regimen and greater control over alcohol consumption, among other benefits. 

Dr. Oettingen has even developed free app for your smartphone, called, appropriately, WOOP.







Dr. Richard A. Friedman is a professor of clinical psychiatry at Weill Cornell Medical College.

A version of this review appears in print on December 23, 2014, on page D5 of the New York edition with the headline: Dare to Dream of Falling Short. 

Source: http://www.nytimes.com/2014/12/23/science/gabriele-oettingen-turns-her-mind-to-motivation-in-rethinking-positive-thinking.html?src=me&module=Ribbon&version=context&region=Header&action=click&contentCollection=Most%20Emailed&pgtype=article&_r=0



New construction and new home sales


View this content on Forbes's website



View on web 
Next year’s numbers for both new construction and new home sales could disappoint:



5,700 tweets happen every second on Twitter


There are 1 billion new tweets posted on Twitter every week


Adapt or Die: Marketing teams that can’t adapt are left behind. 

Learn [7 Steps to Developing an Agile Marketing Team]
 http://ow.ly/EsnDu


"Have the courage to go and do what you believe." Famous CEOs share career advice:





In 2015 companies will generate 50% of web sales via social & mobile applications




Microsoft and BP Bought Ads on That Charge by the Hour, Not Impression

A Year in Search 2014: Highlights for Marketers via




RebelMouse ‏@RebelMouse Dec 26
Facebook opens new front in video battle with YouTube and Twitter
http://rbl.ms/1JTTTnS via @gigaom pic.twitter.com/FQAqUMYJff




These Are the Most-Loved Brands on Social Media


Corning and the MythBusters Guys get millions of views for these product testing videos
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  • RebelMouse ‏@RebelMouse  Dec 25
    Fraud from bots represents a loss of $6 billion in digital advertising 















  • Saturday, December 27, 2014

    Philosopher at Google


    Management is efficiency in climbing the ladder of success; leadership determines whether the ladder is leaning against the right wall.
    Stephen Covey


    “The science of association is the mother science; the progress of all the others depends on the progress of that one.”  —Alexis de Toqueville


    Wars and revolutions and battles are due simply and solely to the body and its desires. Socrates



    See with your mind, hear with your heart. ~ Kurdish Proverb



    It is easier to fight for one's principles than to live up to them. ~Alfred Adler

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    The Met






    Thursday, December 25, 2014

    David Ogilvy




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    David Ogilvy





    Marketing Quotes




    At the heart of great story is emotion.

    @ThamKhaiMeng
    Worldwide Chief Creative Officer at Ogilvy & Mather. Tweets are all mine, except the ones you write.
    New York, NY · bit.ly/ThamKhaiMeng


    If I create from the heart, everything works. If from the head, almost nothing works. 
    - Marc Chagall


    When we want to persuade someone and move them, we talk to their heart not their head, using stories.



    We're more connected now than ever, and we're less connected now than ever - a paradox. Thanks for the pic, Banksy.



    Wednesday, December 24, 2014

    Oil Price Projections




    How would the U.S. economy fare with oil averaging $40, $60 and $80 next year? 


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    Bitcoin disaster

    Commodity Markets 2015


    Bank Credit Analyst

    2015 Commodity Market Themes

    december 23, 2014 by 



    DIN-20141218-174212
    Three overarching themes will dominate industrial commodity markets in 2015, most particularly in the first half of next year: Weaker demand, resulting from tepid EM and DM growth ex-U.S.; surging supplies; and a strong dollar. Weak or lower industrial commodity prices naturally follow for next year.
    • Oil preoccupies consumers, producers, investors and the media, as markets seek to rebalance abundant supply with slowing demand, but similar adjustments are being forced in iron ore, steel, and base metals markets, as well.
    • For oil markets, the pass-through of lower prices to consumers will be felt most in the U.S. There will be less impact on demand in high-tax provinces (e.g., eurozone), and in markets where subsidies and subsidy expenses are being reduced as prices go lower (e.g., China). Slower growth will force high-cost suppliers to dial back production, and for capex to be allocated to the most promising geology that can be developed at low cost.
    • A stronger dollar will limit demand growth ex-U.S. for commodities generally, oil and base metals in particular, as local-currency costs increase.
    • On the supply side, production costs incurred in local currencies are falling – the most visible example being Russia, where the ruble has fallen about 50% against the dollar, similar to the decline in oil prices – and may incentivize increased production in the short run as exporting states attempt to recover USD revenue via higher volumes.
    • Somewhat outside these global macro forces lie agricultural markets, which are in the process of adjusting to recent over-supply conditions – particularly in grains and sugar, which are coming off rare back-to-back ideal growing seasons. These markets offer the highest likelihood of delivering superior returns in 2015, in our view. However, this view is not without risk: Lower oil prices and weaker currencies in key exporting countries could incentivize higher production in ag markets, as well.


    Monday, December 22, 2014

    BlackBerry: A Rising Phoenix?


    The BlackBerry Q10 is small enough to grip with one hand.


    Sarah Tew/CNET

    BlackBerry: A Rising Phoenix?
    MOBILERitika Puri

    JUNE 25, 2014



    Once upon a time, BlackBerry ruled the corporate communication ecosystem.

    Today, technologists call the former mobile giant a “has been” with a market share that has fallen below one percent in the United States and close to zero percent in China.

    But hope is not lost. BlackBerry aficionados swear that the once-mobile giant will make a comeback in today’s new world of work — and that 2014 is the year it will happen.

    Despite claims that BlackBerry is on its last legs, the company continues to trudge ahead as a force to be reckoned with. But is persistence enough to fuel the company’s comeback? And if so can it regain a share of the ever-demanding and always-changing business professional market?

    Never say never.

    DISMAL — BUT NOT THAT DISMAL

    BlackBerry CEO John Chen gave the company a 50% chance of rebounding. Then, a funny thing happened. In Q4 2013, BlackBerry shocked Wall Street by beating low end estimates — and witnessing a 24% increase in its stock price. Stock prices in Q2, according to Yahoo! Finance, have decreased slightly and are currently hovering between $7 and $8 per share.

    As Mashable’s Todd Wasserman reported, Chen has focused on trimming costs to streamline BlackBerry’s operations, resulting in an increase in gross margin to 43% from 34% in Q3 2014.

    BlackBerry is also expanding into new, growing markets including Asia and Latin America.

    RELENTLESS FOCUS

    Android and iOS devices are consumer-first devices. Their applications extend to multiple segments – designed for a variety of use cases.

    BlackBerry, on the other hand, claims that it knows the enterprise market better than any other brand.

    In an interview with FierceMobileIT, BlackBerry’s Jeff Holleran explained:

    “We are focused on what we consider our core business in enterprise in the large and regulated industries, such as financial and healthcare companies and government agencies. We are able to meet their needs for an end-to-end mobility solution that isn’t possible with any other mobile platform out there today. We also want to fill the need of the users in non-regulated industries that may have the opportunity to have a BYOD device.”

    The security and logistical considerations of BYOD are a major pain point for almost every enterprise organization — a need that BlackBerry understands well.

    The question is whether the focus BlackBerry provides will ultimately outweigh the customization potential for Android and iOS.


    TIMELESS ROOTS

    According to Chen, BlackBerry’s future is in the company’s roots. A high-end keyboard is what sparked the much-loved smartphone to take off — and now, the company is realizing that keyboards are what customers want most. Chen said the company is acting on the customer desire:

    “I personally love the keyboards. So you will look to Blackberry going forward to do keyboards — I wouldn’t use the word exclusively, but predominantly.”

    Chen plans to target government and corporate audiences who value a tactile typing experience – and according to reports from numerous sources including USA Today, Chen has confirmed the next phone, the Passport, to be “a box-like” device. The keyboard is designed to be touch sensitive – but albeit, difficult to squeeze in your pocket.

    The question, however, is how big this market actually is — especially with the rise of millennial corporate consumers who are highly comfortable with their beloved touch-screens.

    Is BlackBerry on to something or simply out of options? 

    Will businesses embrace the return of its once beloved technology or has today’s highly transformative workplace moved too far into the future? 

    Time will tell the answer.