Tuesday, September 09, 2008 The Four-letter word for Teens: Save! POST A COMMENT 'got a teen girl in my immediate family with a paying job -- at 19 she got cocky and tried living on her own, and totally screwed it up. She didn't pay her bills on time, and cried to momma how she was hungry and couldn't keep food in the fridge -- ('wha...she's making a couple of grand a month, I says): 'no planning. Spent all her cash on the day of her payday -- (what we call payday-rich). Let me back up, this is a bright kid. One subject they didn't teach in school -- (or in the home) however, is basic money management. I don't claim to be in league with the likes of Suze Orman...'but, I don't ever remember going hungry. So, I clicked my fake heels 'bout this book on money (aimed at teen girls). 'When it comes to money,' says the first paragraph. -- 'The most powerful four-letter word you can learn isn't an obscene one. It's save." START-'EM-EARLY: 'Kids need to get involved with money and they need to handle it,' says one expert. 'Parents need to involve their kids in financial decisions as soon as they are old enough to grasp it." Learning about money management now gives them a foundation so later on they avoid a lot of bad mistakes early -- and don't come running back home crying how hungry they are... Source: Washington Post Labels: Business-101, capitalism, economy, Finance, teens posted by Henry Cruz at 10:28 PM Friday, August 29, 2008 Abercrummy: 'say no to Ugly? POST A COMMENT 'Might need to change that to name to Abercrumbles -- with slumping profits 'sounds like that pricey-preppy-chain might need it's own fashion makeover: "As allowances dwindle and parents fret over their jobs and home values, the 'fresh, clean, simple and optimistic' look of American Apparel's hipster gear is gaining appeal," says the NY Post. And it just might get uglier... Speaking of Ugly, 'found this article on the 'Hierarchy of hotness' rules at Abercrombie & Fitch. Which basically says, 'You're either Abercrombie hot – or you're not. Hmmm... Makes ya wonder if there are enough hot people to wear their clothes; And does this exclusion on the average Joe-buyer affects their bottom line? Opps, I guess it does. One girl 'was pulled from a sales position on the floor...and shoved back to the stockroom to fold clothes. In its defense the company says 'it is important to uphold the brand's image and maintain diversity in its stores.' -- "It's a hierarchy of hotness," says the Morning Dallas News. "There's no real problem to discriminate against 'ugly' people," said one Lawyer. "The problem is when you define beauty to incorporate white, which it essentially does at Abercrombie." Source: Dallas Morning News Labels: Business-101, capitalism, Clothes, College Students, Culture, economy, Fashion posted by Henry Cruz at 10:33 PM Monday, August 25, 2008 Soaring Gas prices bring us long-term cures! POST A COMMENT Look around, notice anything different? -- I sure do. 'People are changing how they go about their daily lives; the Highway Administration says: Americans drove 12 billion less miles in June '08 than last June -- the biggest monthly drop in eight months. An even bigger decline than what we saw in the oil-shock of the 1970s. 'Bus and train usage is up. More people are looking for ways to conserve energy. 'News today shows gas prices have temporally dropped 15 cents a gallon in the past two weeks; but, isn't the better news, at least from where I sit, that sense-of-crisis has forced people to change their behavior. 'Back in the 70's the country made promises to increase gas efficiency, reduce our dependency on foreign oil, and find alternative forms of energy...'sound familiar? 'None of that happened. Today, we get-a-do-over: 'There's every reason to continue to chase alternatives. 'Right now, our oil-dependent economy is shaped by oil's arbitrarily determined price. It's become like a fake-currency. And we're slaves to that black gold standard -- (with most of those profits shipping off to foreign soil). Obviously, we can't over simplify all the issues. "The soaring cost of energy is causing plenty of pain for Americans, especially at a time when they're being hammered by declining house values and rising food prices. The pain isn't about to ease, either - 'We haven't yet seen the cost of heating,' warns Business Week. 'Expensive energy is a powerful medicine. It may hurt when taken, but it brings long-term cures for a host of ills. Focus on what High energy prices is bringing us: (1) Military-funded researchers have made jet fuel from plants. (2) Toyota and General Motors are testing plug-in hybrid cars that can run 40 miles on electricity alone. (3) Companies are building vast expanses of mirrors in the desert to make steam, and thus electricity, from the sun. (4) There are new systems to control power consumption by homes and businesses from afar and programs to insulate inner-city houses, providing energy savings—and jobs. (5) All this cuts pollution and slash carbon dioxide emissions, which cause global warming. They reduce the need for a military presence to ensure global commerce in oil. (6) And they slow the flood of dollars to the Middle East, Russia, and Venezuela, keeping more wealth in the U.S. instead of handing it over to often unfriendly suppliers. Source: Business Week Labels: Business-101, capitalism, cars, economy, Elections, emissions, Energy-101, environment, fuel economy, Go-green, green living, mudprint.com, Oil Prices, smaller carbon footprint, Solar Power, Tech posted by Henry Cruz at 3:17 AM Friday, August 08, 2008 An Inconvenient Housing Twist POST A COMMENT "Eat all your food," my Mom would say when I was little. "And be lucky, because there are starving kids in Africa." -- which was her way of pointing out, as poor as we were, others had it much worse. Which is what came to mind when reading about the "real-estate bust" - See if you can follow this one: Chronic homelessness has actually dropped 30 percent, a new report says. But now family homelessness is on the rise. It seems the foreclosure mess had an unexpected twist in that we will see more available "housing for the homeless." -- with a sour note for for families who just lost their homes... Because - "foreclosure crisis pushes some low income families into shelters, chronic homeless rates are shrinking thanks in part to the foreclosed and vacant buildings social-service agencies can now afford to buy." Seems more nonprofits are turning those homes and "seized apartment buildings and run-down motels" into places "with access to addiction treatment and health care." -- so, people now getting kicked outta their homes might have more places to crash...but, it will actually be other-peoples-reconverted-foreclosed-homes we are using to house them...'confused yet? "Historically, economic downturns are good for the homeless," points out Newsweek. "just as booms tend to be bad. During the 1990s, despite record spending and increases in shelter beds under the Clinton administration, homeless rates jumped 50 percent." Doesn't it sounds like a Real Estate Catch-22? -- Because in a strong economy -- and in turn -- a stronger real estate market -- wouldn't it actually make it harder to house our homeless? Source: Newsweek Labels: An Inconvenient Truth, Business-101, capitalism, Poverty Divide, Real Estate, rich and poor divide posted by Henry Cruz at 1:04 PM Sunday, July 20, 2008 Will Outsourcing become the bogeyman? POST A COMMENT As we see more small businesses shift toward Globalization -- (thanks to the Internet) -- those smaller Mom-and-Pop Multinationals gotta deal with that sticky question of outsourcing work to stay afloat - (meaning sending jobs outside the US)... 'especially true online, with a need to stay competitive and resulting in a better bottom line with "savings for customers and any shareholders." As reported in Business Week recently: Lower wages are not the only motivating factor..."the performance of the provider on quality...is much higher than here in the US." Small businesses -- "from car dealers to advertising agencies are finding it easier to farm out software development, accounting, support services, and design work to distant lands...Sites such as Guru.com, Brickwork India, DoMyStuff.com, and RentACoder also report fast growth." Hmmm, sounds like the world will live as one after all. Source: Business Week Labels: brain-power, Business-101, capitalism, co-create, Outsourcing, rich and poor divide, web trends, Wiki-way posted by Henry Cruz at 4:04 PM Tuesday, July 08, 2008 Oil Dependent: Blows in the Wind? POST A COMMENT 'Might take an 80-year-old to show this old hungry dog some new tricks -- 'solving our countries $700 billion-a-year dependency on foreign oil. T. Boone Pickens' plan suggests replacing gasoline use with natural gas...and eventually with wind... "Things were fine until the price went vertical on us," said Mr. Pickens. He calculates that, spending $140 a barrel for crude, adds up to $700 billion a year...all going into foreign pockets. The "hurdles to the Pickens plan...include building the infrastructure to dispense natural gas as a vehicle fuel, building new power plants to replace natural gas-fired plants, overcoming possible opposition from oil companies and politicians..." Funny, that Pickens himself has been investing in vehicular natural gas for years and now has plans to build a massive wind farm in the Panhandle. But he offers "that's not the reason for his campaign." "I'm 80 years old. I'm worth $4 billion. I don't need to make any more money," he said. Instead, he said, this is about patriotism and his reputation as a man who "sure puts his money where his mouth is." - and maybe a little bit to-do with money...but, at least it's one option on the table to a problem that wont be going away anytime soon. Source: Hispanic Business Labels: Business-101, capitalism, Culture, economy, emissions, environment, fuel economy posted by Henry Cruz at 1:30 PM Tuesday, April 29, 2008 China Athlethes' go for the cash... POST A COMMENT For better-or-worse: We're like the bad-boy's your Mamma warned you about...'speaking of the dramatic shift towards Capitalism in places like China...'greed is good and it's effecting the athletes migrating here and even there: "It's necessary to offer financial prizes to athletes -- otherwise we can't make them keep working for us," said the head of the Sports Administration office in Liaoning province. "Attitudes about sports in China have undergone a dramatic shift from the days when the government focused on collective gain rather than individual accomplishment. Those changes have helped foster the development of a new kind of athlete, one whose sacrifices result in fame and fortune -- and, if the athlete has a distinct personality, national celebrity." Now, it's all 'bout Fame, and they wanna get "paid" too - Whoo, yeah - boi...The revolution will be televised, (and it'll all be sponsored by by McDonald's and Budweiser). Source: Washington Post Labels: capitalism, China, Culture, News Trends, USA posted by Henry Cruz at 12:08 PM     ARCHIVES October 2005 . November 2005 . December 2005 . August 2007 . September 2007 . October 2007 . November 2007 . December 2007 . March 2008 . April 2008 . May 2008 . June 2008 . July 2008 . August 2008 . September 2008 .