Showing posts with label business. Show all posts
Showing posts with label business. Show all posts

Monday, August 01, 2011

Weather-Induced Government Follies Post #4

Today, severe thunderstorms and torrential downpours caused all kinds of damage across Westchester County. Downed power lines, downed trees, power outages, and so forth, and so on. No real surprise, right? Today's the first of August; this is just summertime weather.

OK. But why does Westchester County and Liberty Lines, the company that operates the county's Bee-Line bus system, allow buses to travel down streets that have become all but impassable?

When I got on the bus to come home from work, after leaving really late to avoid getting drenched -- I forgot my umbrella -- the driver told me I wouldn't be able to get off at my usual place ("Your stop is canceled," he actually said), because power lines were down at the intersection just before my usual stop. I wound up getting off one block away, which is no big deal. But the driver didn't say anything to any of the other passengers to let them know there was a detour, he just crossed Scott's Bridge and followed the course this particular route used to run the MTA complained that the buses were causing extra wear and tear on all the bridges over the Metro-North tracks. But buses headed in the opposite direction -- some of them double-length -- went right up to the intersection where the wires had come down, then were forced to wind their way through streets too narrow for such large and wide vehicles. Why didn't someone somewhere redirect the westbound buses to follow the same course the eastbound ones were taking? Or would that have made too much sense?

Sunday, July 31, 2011

Government Follies Post #3

One thing that's all over the news here in the NYC area is a referendum before the Nassau County taxpayers to fund a new arena to replace the old Nassau Coliseum. The owner of the NHL's Islanders, Charles Wang, has said he will move or sell the team if Nassau County doesn't provide his team a new stadium.

It seems like every professional sports team pulls this stunt, or tries to, at some point. Why do these multimillionaires think the public is supposed to build them a place of business? Do you ever hear of Walmart threatening to relocate one of their stores because the local government won't provide a new building for their business? If Charles Wang wants a new stadium, he should build one. Period.

Friday, July 30, 2010

Of Organ Donors and 'Words (reposted from elsewhere 10/23/07)

I'm what you could call a "magazinaholic," or "readaholic." I read lots and lots of magazines, and an occasional book. Right now, when I get the chance, I'm reading The Tipping Point, by Malcolm Gladwell, about... well, the subtitle is "How Little Things Can Make a Big Difference." For clarification, "tipping point" can be another way of saying "the straw that broke the camel's back."

Anyhow, recently I read a special edition of Scientific American magazine, which I buy when something on the cover catches my eye. This special edition, titled Scientific American: Mind, has articles like "Psychology of eBay" (we shouldn't be so trusting of strangers we don't know and can't see, and yet we are), "Preventing Dropouts," and "How Words Shape Thought."

That last one really stuck with me: it's about how almost everyone who wants to shape people's thought patterns or catch people's attention will do so with careful attention to the words they choose to make their points. One example is ex-US President George W. Bush using the phrase "death tax" in his campaign to abolish what is actually an inheritance tax. By calling it a "death tax," he gained support from people who have little to leave as an inheritance for the ending of a tax that only those US residents inheriting money have to pay. Bush didn't make it clear that this was not a penalty tax on survivors but a tax on interited income. And, of course, Bush did not disclose that sometime soon he himself would have to pay this tax if something were to happen to his father. Conflict of interest, anyone? :roll:

Another example was "opt-in" vs. "opt-out" policies for organ donation. In many countries, people who renew their driver's licenses are asked if they want to be an organ donor. In opt-out countries like Belgium or France, where the default is that you are an organ donor, the effective rate of participation approaches 100%, while in opt-in countries like the US and the Netherlands, where you have to explicitly sign a form to donate, the percentage hovers in the twenties.

I'm sure there are those who would screech about freedom and rights and such, but in light of the thousands of people who stay on transplant lists for years while perfectly healthy people who could donate do not, policy makers in this country and elsewhere should think about changing to an opt-out policy. After all, we all have to opt-out to stop receiving postal mail or email that we didn't even ask for, so what's the big deal about making organ donation an opt-out process? It would make many more organs available, and thus prolong and even save lives -- people wouldn't be forced to donate, but many times more people would be checked to see if they're suitable than are being checked now.

I had my kidney transplant three years ago, but if a relative hadn't volunteered to donate, who knows where I'd be now?

Sunday, March 15, 2009

MORE Bonuses for AIG?!

Let's see...
The federal government (that is, We the People) owns 80% of AIG...

AIG is in the process of doling out $165 million in more bonuses...

And, according to the Treasury Department, nothing can be done about it? Photobucket

That's ridiculous. AIG got over $100 billion in federal bailout funds. That means the people charged with managing the company did not do a good job, by any measure. Bonuses are supposed to be a reward for doing a good job. So, why are these people getting bonuses? More to the point, why is AIG getting federal money?

I say, cut off the bonuses, and let it be known that that's just the way it is. If these people want their bonuses that bad, well, since AIG (standing in for We the People) claims to be contractually bound, make the execs sue the government for the money. Such a lawsuit is bound to be covered as much as possible by the media. Maybe the extra scrutiny is all that's needed to make them fall back and make do with the millions they've already been paid.

AIG also says they'll "work on reducing bonuses in future years by 30%," but they can and should be made to do better than that. As long as the government has a stake in the company, in fact, there should be no bonuses. Make that their motivation for getting the company back on the right track.

To be fair, AIG did not fall into such a deep hole only because of the stupid bets they made with their policyholders' money -- the hole got deeper after AIG started falling, but the company itself dug the original hole. AIG insures the banks and financial service companies that all fell so hard throughout 2008, so they would have landed hard no matter what. AIG is also one of the companies that has to cover the loss for airlines whenever a plane goes down. AIG actually insures ("reinsures") insurance companies. But they wound up falling into the hole in the first place, not because of any of that, but because they violated a cardinal rule of the insurance business: do not risk policyholders' money. When an insurance company begins making high-risk investments in the same mad grab for cash that endangered Wall Street, well, we've all seen the result. In this case, it means the government winds up owning 80% of what should by most accounts have been a private company gone bust. After all, AIG may be a huge company, but it's not the only reinsurer. If it had gone under, there are plenty of insurers that could have taken up the slack. The interim would have been quite bumpy for the policy holders, particularly for the airlines (at least it seems that way for me). Watching such a big company go bust, though, would have sent a message to other companies -- namely, that they shouldn't think they're somehow entitled to a bailout from the Feds. Now, of course, because of all the money that's been handed out, there's that much more anger from the public, because the fat cats have been bailed out but the general public, the ones who are out of work and competing with millions more people for the few jobs available, are only getting crumbs.

And then Dick Cheney goes on TV and says that the Bush administration shouldn't be blamed for the mess "that was handed to the Obama administration." Well, who handed it to them? And who made the policies that created the mess? Cheney also said that the previous administration "achieved all its goals in the campaign in Iraq." Well, that can be true only if its goals included enriching Cheney's friends in the military-industrial complex, companies like Halliburton, and Bechtel, and of course the oil companies that are making billion-dollar deals in Iraqi Kurdistan (I'll add the link when I find the Forbes.com article).

Friday, January 23, 2009

CHECK YOUR TIRES!!

Attention United States drivers: Your tires can be a lethal hazard waiting to happen, even if you just bought them "new" at the store. The key isn't how long they've been used or not used, but how long ago the tire was made. Tires over 15 years old are still being sold as new in auto centers across the country, accidents waiting to happen. Here's an ABC News video about old but unused tires being sold as new, and what the hazard is: Aged Tires: A Driving Hazard?

For some reason, the same companies that issue "strongly worded" warnings abroad about old tires don't think they're necessary in the US, and are lobbying against them.

Wednesday, December 31, 2008

It's Been Way Too Long (part one)

What with a governor trying to auction off President-elect Obama's Senate seat, the New York media trying to anoint Caroline Kennedy as Hillary Clinton's successor in Congress, Ponzi scammer Bernie Madoff (the fifty-billion-dollar man), the government throwing billions of dollars after companies that will probably collapse anyway, and God knows what else means I would have had plenty to write about -- but I've had some personal issues that kept me from posting. But the news that some person going by the handle of Fishgrease Jenkins is being blamed for encouraging shootings in Brooklyn (like the ones in the Brownsville section of Brooklyn last night) and attempting to defend himself that finally pushed me to go ahead and post something.

First off (and in no way am I suggesting this is most important): ¡¿FISHGREASE?! Of all the things this thug could have chosen to call himself, he couldn't come up with anything better than ¿Fishgrease? But then, judging from that lightweight ringtone-jingle of a rap he calls "I'm from East New York," Fishgrease is probably about as original as he can manage. (Why do these rappers all try so hard to sound just like everybody else?)

I do have to say, though, that it's kind of a knee-jerk reaction, to make a scapegoat of this one video and its apparently challenged author for five people being killed in Brownsville. Unfortunately this is all too common in Brooklyn and anywhere people can easily get guns, and see them as the go-to method for settling "disputes."

Blagojevich: Jay Leno's been calling him "Governor Sonofabitch," and understandably so. And yet the governor says he did nothing wrong, I'm guessing because no actual money changed hands. But if there are FEDERAL wiretap recordings proving that he was soliciting offers for Obama's former Senate seat, how can he claim innocence? Conspiracy is just as much a crime as bribery, in case you didn't know, Governor...

Bailout: Speaking of Leno, he's been making a good point about this bailout situation -- the government was all too quick to throw billions of dollars at the financial "industry," when all they really do is move other people's money around. But when it came to the car manufacturers, who actually make and sell a physical product, they're hemming and hawing. Rightfully so, since the Big Three car companies have waved their wastefulness and arrogance in everyone's faces -- flying to Washington separately in corporate jets to beg Congress for money -- but it would have made a lot more sense if Congress had been as cautious with Wall Street as they're being with Detroit. And notice that, when it looked like whatever help they got from Congress would come with conditions, Ford suddenly didn't have an immediate need for the money. So why were they there begging for it?

And now the sports industry is getting into it. Sports teams have a long history of raking in millions of dollars during the season and then, when they decide they want/need a new home, they beg their home city and state for help. Why would the New York Yankees, about to move into a brand-new stadium, be in need of help if they can afford to set aside $420 million-plus for three players? I know this amount is a multi-year commitment and not a one-time expenditure but still, if you have that kind of cash to hand out, why should you get any money out of We the People?

And why isn't the federal government forcing sports teams to give back any naming-rights money from banks and other financial-industry players getting bailout money? The naming rights money doesn't nearly match what the bailouts will add up to, but every dollar these companies get back from the sports teams is a dollar the Treasury Department (that is, We the People) won't have to dole out.

Wednesday, December 19, 2007

D'oh! Somebody needs a lesson in marketing...

Yesterday on my way home from work I stopped at a 7-Eleven and bought the Simpsons Movie on DVD. I had wanted to see the movie when it was in theaters but never got there while it was still running.

Anyway, for almost a week now I'd seen a big banner in the front window of a 7-Eleven I pass most days on my way home from work, with red type on a yellow background, advertising the 12/18/07 DVD release date of the movie. I saw it yesterday, but I was almost a block past it when I realized that yesterday was 12/18. But instead of turning around, I figured I'd go to another 7-Eleven closer to home.

But when I got to the other store, it was a totally different situation. No sign on the window advertising the movie, no banners inside the store. I had to ask one of the clerks if they had it, and how much it was. English was not his native language -- I think he and his coworkers are Cambodian, or Vietnamese, or otherwise Southeast Asian; I can't put my finger on the reason but I don't think they're Chinese -- and it took a couple of tries to get him to understand what I was asking. And when he did, he and his fellow clerks all began laughing. Finally, one asked, "Why you want dis?" -- as if a customer should not want to buy something the store sells.

Now, I'm a 42-year-old man, not a kid. But the Simpsons was never meant to be a kids' show. And even if it was, these guys worked at 7-Eleven, which made a major promotional push for the movie when it came out, with Simpson-related stickers and such all over their stores. They should have known that this DVD was intended to be a major seller, just like the movie had been.

I guess the "fault," if there is one, would fall on the manager for not seeing merchandising potential in what could have been a major seller. I'm not a gambling man but I'd be willing to bet that the Central Avenue store with the big bright sign probably sold the DVD's at a steady clip, while I was probably the first person to even ask for it in the Bronx River Road store I went to.

Monday, August 06, 2007

Race in a Bottle

Drugmakers are eager to develop medicines targeted at ethnic groups, but so far they have made poor choices based on unsound science

Two years ago, on June 23, 2005, the U.S. Food and Drug Administration approved the first “ethnic” drug. Called BiDil (pronounced “bye-dill”), it was intended to treat congestive heart failure—the progressive weakening of the heart muscle to the point where it can no longer pump blood efficiently—in African-Americans only. The approval was widely declared to be a significant step toward a new era of personalized medicine, an era in which pharmaceuticals would be specifically designed to work with an individual’s particular genetic makeup. Known as pharmacogenomics, this approach to drug development promises to reduce the cost and increase the safety and efficacy of new therapies. BiDil was also hailed as a means to improve the health of African-Americans, a community woefully underserved by the U.S. medical establishment. Organizations such as the Association of Black Cardiologists and the Congressional Black Caucus strongly supported the drug’s approval.

A close inspection of BiDil’s history, however, shows that the drug is ethnic in name only...
Click here to read the rest of the article

Monday, April 23, 2007

Not Really News, But...

...When my union's website dedicates an entire page to Wal-Mart and how they muscle vendors into either redoing their whole business model (and giving up profits) in order to keep Wal-Mart's prices low, including laying off workers and sending jobs overseas, I have to take note of it.

The Wal-Mart You Don't Know (posted at www.CSEA9200.com; article originally published in Fast Company, December 2003, page 68

Excerpt: "The giant retailer's low prices often come with a high cost. Wal-Mart's relentless pressure can crush the companies it does business with and force them to send jobs overseas. Are we shopping our way straight to the unemployment line?"
The CSEA Unit 9200 site includes much more info about Wal-Mart and how it's bullying vendors and costing American workers their jobs and/or fair wages: Wal-Mart Awareness

Tom Joyner, are you reading this? You're all about supporting causes benefiting African-Americans, but who (among others) do you think is hurting when your favorite retailer is causing jobs to be sent overseas and driving companies out of business? Or have you been paid to NOT mention certain kinds of things that would point a finger at them?