Posts tagged with: Business/Finance

lemonade-stand-illegal-425ds072709Entrepreneurs – those people among us who seek to serve others through business – are an optimistic bunch. So says the 2014 Amway Global Entrepreneurship Report, published annually by Amway Corporation, the world’s largest direct sales company. It’s a good thing entrepreneurs are optimistic; they have a lot of work to do. According to Amway Chairman Steve Van Andel:

Entrepreneurs play an important role in growing economies. They create jobs, encourage competition and help communities grow and flourish. As the business environment has changed through the years, so have the reasons people decide to venture out on their own.”


beatlesOne would think that the road to success for entrepreneurs would start with a business major. After all, you have to know marketing and business strategies and accounting and all that stuff, right?

Panos Panay gives some thoughtful rebuttal to that idea. He is a successful entrepreneur, having created Sonicbids, a platform where musicians and bands can book gigs, promote themselves and basically act as their own managers. He is also the founding manager of Berklee Institute for Creative Entrepreneurship. He believes he’s been a successful entrepreneur not in spite of his music background, but because of it. (more…)

Blog author: jcarter
Friday, October 31, 2014

man_thinking_numbersIs the murder rate in the U.S. increasing or decreasing? What percentage of teen girls will give birth this year? What percentage of Americans are Christian or Muslim? What percentage are immigrants?

If you guess wrong, you’re not alone. A new global survey, building on work in the UK last year for the Royal Statistical Society, finds that most people in the countries surveyed were wildly wrong. For instance, Americans guess wrong on each of the following questions:

• What Percentage of Girls Age 15-19 Give Birth Each Year? (Avg. guess: 24 percent; Actual: 3 percent)

• What Percentage of People Are Muslim? (Avg. guess: 15 percent; Actual: 1 percent)

• What Percentage of People Are Christian? (Avg. guess: 56 percent; Actual: 78 percent)

• What Percentage of People Are Immigrants? (Avg. guess: 32 percent; Actual: 13 percent)

• What Percentage of People Voted in the Last Major Election? (Avg. guess: 57 percent; Actual: 67 percent)

• What Percentage of People Are Unemployed and Looking For Work? (Avg. guess: 32 percent; Actual: 6 percent)

While these examples may seem relatively trivial, they highlight that when it comes to numbers that shape policy and politics, many Americans are extremely confused. Ideally, before making a decision about how to vote or stressing about the latest health threat, we’d research the numbers to develop an informed decision. But the number of issues we face each day often prevents us from doing more than making a “best guess.”

Fortunately, there are ways we can hone our skills at guessing and estimation — guesstimation — that will help us minimize our innumeracy. Here are a few tips for making better guesses about numbers related to politics, policy, and demographics:

Blog author: jcarter
Thursday, September 4, 2014

Imagine if a scientist was able to create technology that turns corn into cars. As economist Bryan Caplan explains, we already have such an innovation: foreign trade.

Caplan argues that foreign trade is a form of technology that lowers our cost of living and increases our standard of living. In fact, claims Caplan, from a broader perspective trade is even better than most technology since it not only makes us better off, it makes foreigners better off too.

Sic semper tyrannis, eh?

Sic semper tyrannis, eh?

The Burger King acquisition of Tim Hortons and the resulting plans to move the corporate headquarters under the taxing authority of the Canadian government is being derided by some as unpatriotic.

This is the latest in a long string of similar phenomena over the last decade or so, as we see patriotic loyalty (or the lack thereof) becoming a political issue in the context of offshoring, globalization, outsourcing, and so on.

A response to the charge of being unpatriotic would seem to me to require at least two points.

First, the responsibilities of a business owner, CEO, or corporate board are different than those of a government politician. They have different loyalties, so to speak. So to judge the one by the standards of the other is an exercise in missing the point.

Second, I would respond with a query along these lines: Which is more unpatriotic, a greater disservice to a nation, for someone to be involved in: moving a business from one country to another or making the tax environment in a country inhospitable to businesses?

RL-logo-wit1Earlier this month, religious shareholder activists from the Interfaith Center on Corporate Responsibility, Mercy Investment Services and the Sisters of Mercy nabbed headlines by attempting to force Ralph Lauren Corp. to conduct a needless and politically driven human-rights risk assessment of offshore vendors.

The ICCR effort is another “name and shame” tactic intended to publically embarrass a company refusing to play ball with a left-leaning organization. According to the Huffington Post, the nominally religious shareholders’ proposal is …

… backed by the AFL-CIO Reserve Fund, an investment fund for the national trade union center, that urged Ralph Lauren to assess human-rights risk throughout its supply chain. The company’s board of directors told shareholders to vote the proposal down. (more…)

Blog author: jcarter
Thursday, August 21, 2014

7figuresFeeding America is a nationwide network of 200 member food banks, the largest domestic hunger-relief charity in the United States. The Feeding America network of food banks provides food assistance to an estimated 46.5 million Americans in need each year, including 12 million children and 7 million seniors.

The report “Hunger in America” is Feeding America’s series of quadrennial studies that provide comprehensive demographic profiles of people seeking food assistance through the charitable sector.

Here are seven figures you should know from the latest report: