Business blog postings
|Earliest: March 17, 2003||Latest: February 22, 2018||Total: 127|
|September 15, 2008|
Tough Day on Wall Street
It's going to be a tough morning on Wall Street. There's some tough news in the financial sector that may have some investors thinking bear instead of bull this morning. Early indicators have the market going down 300 points.
The fall of Lehman Brothers and the sale of Merrill Lynch are signs that the fall out of the sub-prime market isn't over yet. There's speculation that there's some more casualties on the horizon.
The interview this weekend from former Federal Reserve Chairman Alan Greenspan about how the economy hasn't bottom out of economic downturn won't fair well with the market. Some say that we are in this situation because of the Mess that Greenspan Made.
I'll post an updated graphic on how the market did later today.
Today the market closed was the sixth worst close in US history. Who knows what tomorrow will bring.
|April 16, 2008|
This morning I spent 30 minutes at FedEx waiting to pickup a package. Here's the whole story:
Yesterday, I got a FedEx Door tag that they attempted to deliver a package but needed a signature. So this morning, I decided to goto the FedEx center on my way to work.
I arrived at FedEx on 151 3rd Ave in Needham, MA at 8 am when they are scheduled to be opened. However the doors weren't open and I waited for about 3 minutes with someone else. Someone who worked at FedEx arrived and called inside to get the door open.
Finally the door opened and the lady let us inside. The other customer went over to the package counter to fill out some form for a package that she was going to send. I walked over to the other counter to give the lady my FedEx door tag. The lady that opened the door was opening the curtins and didn't pay any attention to the people that open the door.
When she finally took my order she said that she would have to go in the back to get the package. I said, 'Ok' and stepped a side. The lady then took the other customer order and then disappeared in the back to get my package. She came back and said that someone was looking for my package and they should have it in about 10 minutes. So I waited and waited.
After waiting for 20 minutes, the lady went into the back and came back and told that they were going to need another 10 minutes to locate my package. I decided at that point that it wasn't worth my time waiting.
I don't know why FedEx would think that customers were willing to wait 30 minutes for their packages. They are not. Some might if there's a long line, but waiting because FedEx is unable to find it in their own building?? I guess FedEx is not efficient as they use to be.
|March 27, 2008|
America's Famous Street Addresses: The Parks
Here are the street addresses of some amusement parks:
1313 S Harbor Blvd
Anaheim, CA 92802
Walt Disney World|
1000 W. Buena Vista Dr.
Lake Buena Vista, FL 32830
100 Universal City Plaza
Universal City, CA 91608
Knotts Berry Farm|
8039 Beach Blvd
Buena Park, CA 90620
|March 4, 2008|
If your a familiar with the Pareto Principle or commonly known as the 80/20 rule, anything a few (20 percent) are vital and many (80 percent) are trivial, you may have heard of Joseph M. Juran. He was the one who educated business about implementing the Pareto Principle. You'll be sad to learn that Joseph M. Juran died on February 28th at 102.
Some Examples of Pareto Principle:
- 20% of your daily activity accounts for 80% of your productivity.
- 20% of your employees account for 80% of your revenue
- 80% of the economy is controled by 20% of the population
Your can find information here:
|January 25, 2008|
Troubles of your Job
I found the following text while cleaning my office earlier this week, not sure where the orginal source is from:
Be thankful for the troubles of your job.
They provide you with about half of your income.
If it were not for the things that go wrong, the difficult people you have to deal with, the problems and unpleasantness of your working day, someone could be found to handle your job for half of what you are being paid.
It takes intelligence, resourcefulness, patience, tact, and courage to meet the troubles of any job.
This is why you hold your present job.
It may be the reason why you aren't holding down an even bigger one.
If all of us would start to look for more troubles and learn to handle them cheerfully, and with good judgment, as opportunities rather than irritations, we would find ourselves getting ahead at a surprising rate.
For it is a fact that there are plenty of jobs waiting for men and women who aren't afraid of the troubles connected with them.
|January 24, 2008|
Companies swing jobs axe in 2001
More than 400,000 job cuts have been announced by late August, 2001 as companies around the world wrestle with slowing growth and plunging demand.
Here's a list of companies in the Technology and Telecom sector that announced layoffs in 2001. Note this list was created before September 11, 2001Technology:
|JDS Uniphase Corp||Over 2001||16,000|
|Corning Inc||Over 2001||7,800|
|Nortel Networks Corp||Over 2001||30,000|
|Ericsson||July||Up to 22,000|
|ADC Telecommunications||Over 2001||9,500|
|British Telecom||Over 2001||6,000|
|Ascom Holding AG||June||1,100|
|January 23, 2008|
Is the United States getting ready for a recession? It all depends on who you talk to. Most experts agree that we are in a slow period, but time will only tell if we are in mist of a recession.
A letter sent to employees at a Silicon Valley company in October 2001:
Due to the current economic conditions we have seen our business decline from $132 million annually to a current run rate of approximately $40 million annually. The $40 million run rate is the consistent amount that we have been achieving over the last six months. The management team has spent a significant amount of time analyzing and evaluating our expense structure and employee base. We have over the last few months made a number of changes to reduce expenses to regain profitability to the organization. While this has not been easy, we have made a lot of progress.
We believe that we now have enough information to further right size the organization to the current market demand which appears to have stabilized. In right sizing the organization, we have had to further reduce our staff by five employees. In order to have the current expenses not exceed current profit, as well as to retain employees, the management team has to implement a companywide 10% salary reduction. While this is not easy, this is necessary to make sure that we have a healthy company that will be here through these tough times. At the same time, we will continue to look for other ways to control and reduce expenses.
It is fully our intention to reverse this reduction once we return to a reasonable profitability level which is maintained for three consecutive months. The management team will define this level of profitability during the next quarter. This reduction will be effective November 1st and will be reflected in your November 15th payroll check.
If you have any questions about this, please see your manager or stop by my office. I believe that we have a great staff and I also believe that we have all the tools we need to grow this company. Thank you for your understanding.
|September 20, 2007|
Anyway PoemFound the following in a book I was reading in the Concord Public Library in 2002:
People are unreasonable, illogical, and self-centered.- Author Unknown
Love them anyway!
If you do good, people will accuse you of selfish ulterior motives
Do good anyways!
If you are successful, you will win false friends and true enemies.
The good you do today, will be forgotten tomorrow.
Do good anyway!
Honestly and frankness makes you vulnerable.
Be honest and frank anyway!
The biggest person with the biggest ideas can be shot down by the smallest people with the smallest minds;
Think big anyways!
People favor underdogs but follow only top dogs.
Fight for the underdogs anyway!
What you spend years building up might be destroyed overnight.
People really need help, but will attack you if you help them.
Help them anyway!
Give the world the best you have and it may kick you in the teeth.
Give the world the best you've got anyway!
|September 17, 2007|
Disable Window's Indexing
The cidaemon.exe or cisvc.exe is Windows Indexing server, which is used to search for files on the local computer. You should turn Indexing off on the server to improve overall performance.
To turn off Indexing:
Go to my computer and right click on the drives. Click properties and uncheck "Allow Indexing Service to index this disk for fast file searching" in the General tab. Repeat for all your drives.
|August 6, 2007|
Quote of the MonthQuote/Email of the month:
Can you please create VPN account for me (with SQL server user authentication) . Because of my car problem I am not able to come to office today , it will ready by today evening only. Please do the needful.Thanks,
Um... Please do the needful???