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In the post this morning about Brands and Brand Equity, I mentioned the Chick-fil-A scandal in passing; particularly how it has experienced a 50% drop in brand perception over the past few weeks as the scandal unfolds. One of the questions was too expansion to deal with in the comments thread so I put it…
The news wires are afire this morning because Alistair Barr of Reatuers is reporting that Morgan Stanley, JP Morgan, and Goldman Sachs, the lead underwriters on the Facebook IPO, all cut earnings forecasts for social network giant during the IPO roadshow. Even worse, the banks then allegedly passed this information on to only a handful…
I’ve been watching the French election. Hollande won. He has promised a 75% income tax on the rich and vows to, “re-negotiate a European treaty on trimming budgets to avoid more debt crises of the kind facing Greece.” Looks like we’re selling the French stocks in the retirement funds. I’m not dealing with this s**t. Forgive me the language. Life is too precious, and too hard, to deal with thugs who don’t understand human nature and the velocity of money. A fundamental rule of humanity is that people go where they feel secure and appreciated. I love the United States. If the United States took $75 out of every $100 I earned, do you think I would stay here? If I did, do you think I’d work anymore?
I am going to give you a brief economics lesson in a few short minutes. Economists like to make things hard but for those of you wanting to know why Greece, and the Euro, continues to be such a problem for the world, here is a breakdown. It isn’t nearly as difficult as you might…
We often talk about avoiding wipe-out risk on this blog. In fact, avoiding wipe out risk is one of the main reasons to study mental models because it takes a lifetime to build a reputation and only a few minutes to destroy it. I can think of no better real-world case study than the Joe Paterno and Penn State debacle that has dominated the news cycle (and rightly so) for the past few days.
I’m going to let you in on a secret. It’s not much of a secret for those who study economics or pay attention to the world. In fact, it’s been known for some time except to the average guy on the street, who is busy living his life and supporting his family. He thinks the…
I am a big advocate for rationality and using a rational framework to manage your life. But you haven’t heard me mock or disparage the doomsday group that has recently been in the news for its failed rapture prophecy that was supposed to occur on May 21st, 2011. Many followers of this cult cashed in…
Given my two Wal-Mart inspired articles a few days ago, I thought this was germane. [mainbodyad]Wal-Mart is ending its profit sharing plan and upgrading it to include a $1,000 contribution to employee health care accounts so there is a greater cushion before workers have to pay medical deductibles plus moving to a system whereby they…
A lot of times, people convince themselves that if “they just had a little more money” they wouldn’t be in the financial dire straits they are. Their bills would be paid. They wouldn’t have financial stress. The problem is, everyone else with any sense in their life is likely thinking, “Yeah, you’ll be right back in this situation in a few years” but no one wants to say it aloud.
I finally got through the ruling from Judge Vaughn Walker in Perry v. Schwarzenegger which overturned Proposition 8 as unconstitutional and it is scathing. I have never read anything worded this strongly other than Scalia’s dissent in Lawrence v. Texas where you could virtually hear the man shrieking with fists flying (and I say that having tremendous, enormous respect for Justice Scalia’s intellect, which at times, soars to the level of an apostle preaching legal gospel).
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