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jerryking : disorganization   11

Giving Away Your Billion
JUNE 6, 2017 | The New York Times | David Brooks.

Recently Brooks has been reading the Giving Pledge letters. These are the letters that rich people write when they join Warren Buffett’s Giving Pledge campaign. They take the pledge, promising to give away most of their wealth during their lifetime, and then they write letters describing their giving philosophy......Most of the letter writers started poor or middle class. They don’t believe in family dynasties and sometimes argue that they would ruin their kids’ lives if they left them a mountain of money. Schools and universities are the most common recipients of their generosity, followed by medical research and Jewish cultural institutions. A ridiculously disproportionate percentage of the Giving Pledge philanthropists are Jewish.......What would David Brooks do if he had a billion bucks to use for good? He’d start with the premise that the most important task before us is to reweave the social fabric. People in disorganized neighbourhoods need to grow up enmeshed in the loving relationships that will help them rise. The elites need to be reintegrated with their own countrymen. .....Only loving relationships transform lives, and such relationships can be formed only in small groups. Thus, I’d use my imaginary billion to seed 25-person collectives around the country.....The collectives would hit the four pressure points required for personal transformation:

Heart: By nurturing deep friendships, they would give people the secure emotional connections they need to make daring explorations.

Hands: Members would get in the habit of performing small tasks of service and self-control for one another, thus engraving the habits of citizenship and good character.

Head: Each collective would have a curriculum, a set of biographical and reflective readings, to help members come up with their own life philosophies, to help them master the intellectual virtues required for public debate.

Soul: In a busy world, members would discuss fundamental issues of life’s purpose, so that they might possess the spiritual true north that orients a life.
social_fabric  David_Brooks  philanthropy  moguls  high_net_worth  Warren_Buffett  elitism  collectives  personal_transformation  plutocracies  plutocrats  disorganization  daring  relationships  emotional_connections  soul  North_Star  virtues  engaged_citizenry  civics  Jewish  biographies  friendships  self-reflective  giving 
june 2017 by jerryking
Exchange Sale Reflects New Realities of Trading - NYTimes.com
December 20, 2012 | NYT | By BEN PROTESS and NATHANIEL POPPER.

(Idea for the Ontario Food Terminal and the OPMA??) the firm, IntercontinentalExchange, or ICE, an electronic operator of markets for derivatives and commodities, is buying the symbolic cradle of American capitalism, the New York Stock Exchange,for $8.2 billion....ICE was founded in 2000 by Mr. Sprecher, who began his career developing power plants. In the 1990s, he saw that many power companies and financial firms wanted to hedge their investments in energy with financial contracts, but the market for these contracts was disorganized and opaque.

Mr. Sprecher bought an obscure exchange for buying and selling electricity in Atlanta and turned it into ICE with financing from BP and Wall Street firms, including Goldman Sachs and Morgan Stanley.

Banks were drawn to the idea of a standardized place to buy and sell derivatives tied to the value of oil and other commodities. But they also hoped to create a competitor to the virtual monopoly position being built up by the Chicago Mercantile Exchange in futures trading....ICE also decided to fashion its own clearinghouse, rather than tap an outsize firm. It expanded through acquisitions, planting the seeds for growth in 2008, when it took over the Clearing Corporation, home to a popular derivative known as a credit-default swap.

The Dodd-Frank overhaul may provide additional benefits for ICE. Under the law, exchanges must turn over public and private information to outside data warehouses, which will, in turn, share the information with regulators. Sensing an opportunity, ICE created its own warehouse, named ICE Trade Vault.

ICE and its Chicago rival, CME Group, have also moved in recent months to convert swaps trades, which are facing more scrutiny under Dodd-Frank, into old-fashioned futures contracts. Futures trading is lucrative territory for the exchanges in part because they can shut out competitors.

“The reality is that there are incentives to convert swaps into futures, where there’s less competition,” said Richard M. McVey, chief executive of MarketAxess, an independent trading platform that is expanding into the swaps business. “There’s no requirement for CME and ICE to open their futures clearinghouses to other exchanges.”
contracts  stockmarkets  mergers_&_acquisitions  M&A  derivatives  Dodd-Frank  trading_platforms  bourses  OFT  hedging  opacity  public_information  private_information  disorganization  clearinghouses 
december 2012 by jerryking
What Greece Makes, the World Might Take - NYTimes.com
By ADAM DAVIDSON
Published: July 3, 2012

In the last decade or so, companies in the United States, France, Denmark and elsewhere flouted the feta ruling and invested in their own food-science research and manufacturing equipment. They subsequently turned the salty, crumbly cheese into spreadable, grillable, fat-free and shelf-stable forms. In Italy and Spain, small olive-oil producers merged into globally competitive conglomerates and replaced presses with more efficient centrifugal technology. The two countries now provide nearly all the world’s supply. And the Greeks, despite their numerous inherent advantages, remain in the least profitable part of the supply chain, exporting raw materials at slim margins.

Tassos Chronopoulos, owner of Tassos, a Greek food importer based outside Chicago, says that the country’s disorganized agricultural business all but disqualified itself from partaking in the fancy-food craze of the past few decades. Greek growers never banded together to establish uniform quality standards and trade rules.
agribusiness  agriculture  cheese  competitiveness_of_nations  conglomerates  dairy  Denmark  disorganization  disunity  economic_development  farming  food  food_science  foodies  foodservice  France  gourmet  Greece  Greek  innovation  olive-oil  quality  quality_control  rules_of_the_game  standardization  technical_standards  supply_chains  value_chains 
july 2012 by jerryking
Seth's Blog: On making a ruckus in your industry
Seth Godin on April 07, 2012

* Bring forward a new idea or technology that disrupts and demands a response
* Change pricing dramatically
* Redefine a service as a product (or vice versa)
* Organize the disorganized, connect the disconnected
* Alter the speed to market radically
* Change the infrastructure, the rules or the flow of information
* Give away what used to be expensive and charge for something else
* Cater to the weird, bypassing the masses
* Take the lead on ethics

(Or you could just wait for someone to tell you what they want you to do)
Seth_Godin  blogs  disruption  pricing  information_flows  free  ethics  niches  change_agents  disorganization  ideas  new_businesses  idea_generation  disconnecting  Tabla  game_changers  Play_Bigger 
may 2012 by jerryking
Free-Market Socialism - NYTimes.com
By DAVID BROOKS
January 23, 2012

Adam Davidson’s illuminating article in the current issue of The Atlantic is important because it shows the interplay between economic forces (globalization and technology) and social forces (single parenthood and the breakdown of community support). Globalization and technological change increase the demands on workers; social decay makes it harder for them to meet those demands.

Across America, millions of mothers can’t rise because they don’t have adequate support systems as they try to improve their skills. Tens of millions of children have poor life chances because they grow up in disorganized environments that make it hard to acquire the social, organizational and educational skills they will need to become productive workers.

Tens of millions of men have marred life chances because schools are bad at educating boys, because they are not enmeshed in the long-term relationships that instill good habits and because insecure men do stupid and self-destructive things.

Over the past 40 years, women’s wages have risen sharply but, as Michael Greenstone and Adam Looney of the Hamilton Project point out, median incomes of men have dropped 28 percent and male labor force participation rates are down 16 percent. Next time somebody talks to you about wage stagnation, have them break it down by sex. It’s not only globalization and technological change causing this stagnation. It’s the deterioration of the moral and social landscape, especially for men.
children  David_Brooks  disorganization  equality_of_opportunity  family  family_breakdown  gender_gap  globalization  habits  insecurity  joblessness  Obama  relationships  self-destructive  single_parents  social_decay  social_fabric  support_systems  technological_change  underclass  wage_stagnation 
january 2012 by jerryking
Agriculture Focus
Agriculture Focus
December 16, 2011 | By KNews | Filed Under Editorial.

The initiative identifies several critical elements that must be confronted if agriculture is to deliver its potential to our economy. “These key elements are: agriculture is a business; agriculture is holistic, spanning the entire agri-product chain and with organic links to other productive sectors; the increasing importance of value-added food products and non-food products must be recognised; emphasis on national activities with sub-regional and regional activities included when they add value to national initiatives”.
Most importantly, ten constraints to agricultural development were identified. These were: limited financing and inadequate levels of new investments; outdated and inefficient Agricultural Health and Food Safety (AHFS) systems; inadequate research and development; a fragmented and disorganised private sector; weak land and water distribution and management systems; deficient and uncoordinated risk management measures; inadequate transportation systems, particularly for perishables; weak and non-Integrated information and intelligence systems; inadequate marketing arrangement and lack of skilled and quality human resources.
agriculture  Guyana  editorials  development  perishables  fragmentation  disorganization  challenges  farming  constraints  agribusiness  fresh_produce 
december 2011 by jerryking
Case Study: Sometimes the Market Tells You What It Needs
Jan 10, 2006 | WSJ | Paulette Thomas. .Patrick Martucci
leapfrogged to increasingly challenging jobs across the telecom
industry, setting up distn. channels, running sales depts. An
opportunity arose when he worked at a company that provided maintenance
on Rolm phone equip.. Martucci pitched J.C. Penney, which, after a
trial, offered the maintenance contract for the entire retail chain's
phone service. But his company handled only Rolm equip.in specific
geographies, not the full sprawl of a retailer with a mishmash of phone
sys. Martucci saw what could have been "a $10 M contract go to $1.5 M"
THE SOLUTION: From Chicago, he launched United Asset Coverage, which
would informally stitch together a network to fix anyone's office equip.
-- no matter the brand nor the place, a managed-care approach to the
frustrating world of office-machine maintenance. Martucci told a small
VC fund. "It's a $36 B marketplace & I'm familiar with it,". They
invested a total of "a couple million" $.
voicemail  entrepreneur  opportunistic  maintenance  product_launches  telecommunications  disorganization  retailers  J.C._Penney  managed-care  demand-driven  customer-driven  case_studies  nationwide 
october 2010 by jerryking
Big Middle-Class Sister
Autumn 2008 | City Journal | Naomi Schaefer Riley

We shouldn’t apologize for teaching poor kids how to move up in America.
values  mentoring  NaomiSchaeferRiley  disadvantages  disorganization  movingonup  nonjudgmentalism  life_skills  roadmaps 
march 2009 by jerryking
Not by Tuition Breaks Alone - WSJ.com
MAY 2, 2008 | Wall Street Journal pg. W11| by NAOMI SCHAEFER
RILEY. Details Riley's struggle to help her niece complete her college
admission forms and the disinterest/lack of assistance from high school
guidance counsellors.

"What stands between disadvantaged kids and college is not mere money.
It is orderliness, attentive mentoring and simple organizational
guidance."
African-Americans  Colleges_&_Universities  high_schools  admissions  procedures  disadvantages  disorganization  NaomiSchaeferRiley  economically_disadvantaged 
march 2009 by jerryking

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