Category Archives: Business

A world-class long jump to a more social Europe

By Patricia Scherer – Who would not like to go to a free public school in Finland or buy their groceries at a local cooperative in Italy?

Who would not want to receive quality community-based support for their grandparent suffering from dementia in some remote rural village, following the Swedish model?

Which working parent would not want to have access to all-day childcare, as in France?

And breathe in fresh air in a buzzling downtown, is the case in car-free Ljubljana, the Slovenian capital?

Who would refuse the support, rather than stigmatization, that the Danish flexicurity system provides to laid-off workers?

Would you not want to vote electronically from home, as in Estonia?

Or take part in the Irish citizens’ assembly to decide on legal and policy issues facing the society you live in today?

All that is Europe; all those are benchmarks to aspire to. more> https://goo.gl/qXmAUX

To Get the Best Results From Your Employees, Assemble Them Like a Team of Surgeons

By Oliver Staley – When assembling teams, managers should think about what the different members contribute. Teams where all the members share the same skills or background won’t cover the same breadth as one in which members bring a range of abilities and experiences.

There’s a growing body of research that shows that diversity strengthens teams, whether they’re juries or corporate boards.

Homogenous teams may have less friction and feel like they’re working productively, but as a study of problem-solving among members of fraternity and sororities shows, they’re are less likely to arrive at the right answer than groups where members can challenge assumptions and shared beliefs. more> https://goo.gl/KUDAIW

How to Avoid a Tech Counterrevolution

By Leonid Bershidsky – It’s easy to laugh at a juice squeezer produced by a relatively small startup, whose real competence is in making fancy fruit-and-vegetable packets. It’s not really problem-solving tech; it’s a money-raising gimmick.

The problem is deeper though. Musk, a slicker marketer than Zuckerberg, talks about initially releasing a technology that would help people with brain damage — from strokes, for example.

Facebook is talking about “sharing thoughts,” hitting precisely on the most worrying aspects of the nascent technology: Who wants to share uncensored thoughts, especially with a company that collects information about its users without explaining to them exactly what is harvested? Who wants to give a machine built by a corporate entity access to one’s brain?

Tasks that desperately need automation and tech solutions are narrow. Thinking smaller and applying resources and energy to narrow, specific problems could be a good chance to build trust before it disappears entirely. more> https://goo.gl/MEm63N

What a State-Owned Bank Can Do for New Jersey

By Ellen Brown – Consider the possibilities, for example, for funding infrastructure. Like most states today, New Jersey suffers from serious budget problems, limiting its ability to make needed improvements. By funding infrastructure through its own bank, the state can cut infrastructure costs roughly in half, since 50 percent of the cost of infrastructure, on average, is financing.

Again, a state-owned bank can do this by leveraging its capital, with any shortfall covered very cheaply in the wholesale markets. In effect, the state can borrow at bankers’ rates of 1 percent or less, rather than at market rates of 4 to 6 percent for taxable infrastructure bonds (not to mention the roughly 12 percent return expected by private equity investors).  The state can borrow at 1 percent and turn a profit even if it lends for local development at only 2 percent—one-half to two-thirds below bond market rates.

That is the rate at which North Dakota lends for infrastructure. In 2015, the state legislature established a BND Infrastructure Loan Fund program that made $150 million available to local communities for a wide variety of infrastructure needs. These loans have a 2 percent fixed interest rate and a term of up to 30 years; and the 2 percent goes back to the State of North Dakota, so it’s a win-win-win for local residents.

The BND is able to make these cheap loans while still turning a tidy profit because its costs are very low: no exorbitantly-paid executives; no bonuses, fees, or commissions; very low borrowing costs; no need for multiple branch offices; no FDIC insurance premiums; no private shareholders. Profits are recycled back into the bank, the state and the community. more> https://goo.gl/QrGLBD

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Organizing to Learn, Learning to Organize


By Chris Brooks & Susan Williams – Traditional education is about banking: I am an expert, I have banked this information, and I am going to pour it in your head—and you are going to tell me back what I told you.

So when people face problems, their first thought is, “I need to go and find a lawyer!” They think they have to rely on others, who have the right kind of knowledge, to solve their problems. Now we head straight to the Internet and Google. We are not encouraged to think that we have the capacity to change things ourselves.

Popular education involves passing on skills and content in a collective way; it’s based on the belief that people can do more than they think they can. Good organizing provides people with the ability to learn together and grow. So these processes are connected. more> https://goo.gl/zXQr1h

The internet of (economic) things

By Jonathan Sallet – Robert Gordon argues that, with the exception of a decade starting in the mid-1990s, information networks have not driven productivity in the way that electricity transformed the American manufacturing sector in the 20th Century. But some believe now that IoT (internet of things) can boost productivity growth by increasing the efficiency of traditional business operations such as manufacturing, transportation, and retail. Whether the United States can return to historical productivity growth levels is critical to the American economy.

IoT standards raise a series of policy questions: Are industry standards being set in a pro-competitive fashion?

Are companies complying with their obligations under standards (a question featured in an analogous context in the recent Federal Trade Commission complaint against Qualcomm)?

And what kind of role should government play in establishing the standards at the outset? more> https://goo.gl/p3Zwph

The End of Men? Not in the Retail Sector

By Virginia Postrel – The collapse of traditional retailing reverses a much-heralded trend: Jobs that involve working with things are disappearing, while those that demand a winning personality — celebrated as “emotional intelligence” — are growing.

Men lose while women win, especially at the bottom of the educational and income ladder.

Contrary to the feminine triumphalism that declares traditionally male skills obsolete, the economy is full of surprises and cross-currents. In the retailing world, demand for people-pleasing sales clerks is down.

Like capital-intensive factories, warehouses with robot assistants make workers more productive and hence more valuable. In Amazon’s cutting-edge facilities, they complement human skills. more> https://goo.gl/RNMzln

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Why Most Government Reform Plans Die

BOOK REVIEW

Working With Culture: the Way the Job Gets Done In Public Programs, Author: Anne Khademian.

By Howard Risher – “Culture Eats Strategy for Breakfast.” That quote is credited to the father of modern management, Peter Drucker. He was saying that leaders need to understand and address their organization’s culture in their planning.

Writers tell us that culture encompasses the values, beliefs, underlying assumptions, attitudes, and behaviors shared by a group of people. It sets forth the rules—unspoken and unwritten—for working together.

It’s relevant to reform because it governs behavior in work groups. It influences virtually every interaction of people in performing their jobs. It affects the time they start work, their tolerance for sexist comments, the way they deal with customers—everything.

Culture plays an important role in every successful organization. More than a few writers have argued that it would be great if government could develop a performance culture. That’s one where employees are committed to achieving results. Employees in high performing companies are energized by the culture. It’s reinforced by their reward and recognition practices. more> https://goo.gl/AiEOKL

Updates from Adobe

Take 10: Zesty
By Terri Stone – As with our previous Take 10 Challenges, we gave the duo ten images and a theme—in this case, the word zesty. True to form, Leta Sobierajski and Wade Jeffree rewrote the challenge rules, rejecting some of the original images and choosing others. “Questioning the brief is always going to lead you to more interesting places,” Jeffree says.

They began the challenge by contemplating the meaning of zesty. “It speaks to energy and food, and we eat a lot and have a lot of energy,” cracks Jeffree. Sobierajski adds, “It resonates with our personalities. It’s a little zingy.”

The designers usually include physical elements in their work, even when the final deliverables are digital. It was clear from their initial sketch that the Take 10 challenge would be no exception.

Sobierajski and Jeffree envisioned a dimensional abstract landscape, taking structural inspiration from Joan Miró, Pablo Picasso, Henry Moore, Barbara Hepworth, and Oskar Schlemmer, and working with ideas of Cubism, Dada, Bauhaus, and modernism. They identified new Adobe Stock assets that fit their notions of what zesty means; then they moved on to building the abstract shapes out of thick foam core covered in clay. They also designed suits that would render their bodies as abstract as the set. more> https://goo.gl/xPDk95

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America Needs the World

The U.S. is heading toward a trade war it cannot win.
By Tavis Jules – President Donald Trump ended his address to a joint session of Congress by saying “My job is not to represent the world. My job is to represent the United States of America.”

Trump’s job as de facto representative of the world is a byproduct of post-World War II era restructuring that ushered in over seventy years of American dominance and greatness while allowing America to significantly influence and shape educational development priorities, agendas and directives of global institutions such as the World Bank, the International Monetary Fund and World Trade Organization.

Since the 1980s, the mantra of open markets has equated to open educational systems in the name of democratic governance and transition. In line with Washington Consensus principles of deregulated labor markets, privatization of nationalized industries, and openness to trade under the banner of ‘saving’ national education and preparing a new generation of global workers to exploit their untapped capital, governments have been slowly opening their educational markets to all forms of trade and services.

These neoliberal policies crystallized in 1995 when the U.S.-led WTO in its General Agreement on Trade in Services identified education as one of 12 tradable services, under the movement of natural persons. Thus, education became subjected to global trade and commercial rules.

Trump’s congressional message of not knowing the full scope of what his job is or should be, highlights the narrowness which is fed through his policy advisers, who too often apply established models to current circumstances, rather than considering the radical reinterpretations of the issues.

In today’s overly interconnected world, the U.S. is heading towards a trade war it cannot win; America needs the world, but the world does not need America when the emerging and frontier markets show such promise. more> https://goo.gl/6Tyf03