Tag Archives: Economics

Mihaly Csikszentmihalyi: Creativity, Fulfillment and Flow

Posted on February 24, 2010 by John Hunter

“After a certain basic point, which translates, more or less, to just a few thousand dollars above the minimum poverty level, increases in material well being don’t see to affect how happy people are.” The speech includes, the first purpose of incorporation at Sony: To establish a place of work where engineers can feel the joy of technological innovation, be aware of their mission to society, and work to their heart’s content. Excellent books by Mihaly Csikszentmihalyi: Flow: The Psychology … Continue reading →

Posted in Books, Creativity, Psychology, Respect, webcast | Tagged Books, Creativity, Economics, engineering, intrinsic motivation, Psychology, TED, webcast

Systemic Health Care Failure: Small Business Coverage

Posted on December 27, 2009 by John Hunter

There are many significant problems with the medical care system in the USA. It makes sense that a system that costs over 50% more than other countries and has no better outcomes, from all that extra spending, suffers from many failures. Coverage for small business is one of the problems we face now – When Health Insurers Dump Small Companies: In June testimony before the Senate Commerce Committee, Potter said insurers “dump small businesses whose employees’ medical claims exceed what … Continue reading →

Posted in Economics, Health care, Innovation, Systems thinking | Tagged Economics, health care system | 2 Comments

The Biggest Manufacturing Countries in 2008 with Historical Data

Posted on December 7, 2009 by John Hunter

Once again the USA was the leading country in manufacturing for 2008. And once again China grew their manufacturing output amazingly. In a change with recent trends Japan grew output significantly. Of course, the 2009 data is going to show the impact of a very severe worldwide recession. Chart showing the percentage output of top manufacturing countries from 1990-2008 by Curious Cat Management Blog, Creative Commons Attribution. The first chart shows the USA’s share of the manufacturing output, of the … Continue reading →

Posted in Data, Economics, Manufacturing | Tagged charts, curiouscat, Data, economic data, Economics, John Hunter, Manufacturing, quote | 5 Comments

Eric Schmidt on Google in 2010 and the Economy

Posted on December 3, 2009 by John Hunter

CEO Eric Schmidt Reveals ‘Centerpiece’ Of Google’s 2010 Strategy, speaking at the White House jobs summit. Google is definitely hiring. “We’re hiring a couple thousand people over the next year,” he said. And looking at the White House summit he said, “The basic message today is that with small business – which is the primary source of jobs – we need to figure out the loan problem. The banks aren’t really lending to them and anything that the government can … Continue reading →

Posted in Economics, Google | Tagged Economics, Google, Investing, IT, jobs

Lean Inventories Do Not Excuse Failing to Deliver

Posted on November 20, 2009 by John Hunter

Low inventory levels do not mean failing to have products available for customers. Now, if you manufacturing in huge batches and can’t respond to customer feedback then it might mean failure to predict customer demand does mean failure to deliver. But lean thinking has shown how to avoid this problem. People need to adopt lean manufacturing practices and gain the benefits of low inventory levels without the costs of failing to deliver what customers want. Sorry Santa, We’re Out of … Continue reading →

Posted in Customer focus, Lean thinking, Management, Manufacturing, Process improvement, Systems thinking | Tagged Customer focus, customer service, Economics, lean management, lean manufacturing, Lean thinking, Process improvement | 2 Comments

How ‘Buy American’ Can Hurt U.S. Firms

Posted on September 16, 2009 by John Hunter

How ‘Buy American’ Can Hurt U.S. Firms Canadian communities angered by perceived American chauvinism have started a Buy Canadian campaign to exclude U.S. bidders from municipal contracts. “If that sticks, well, there goes 25% of my business,” said Mr. Pokorsky. “To me, Ontario may as well be Indiana.” Halton Hills, a town of 50,000 people about 25 miles west of Toronto, is one of about a dozen Canadian communities forging ahead with plans to amend their procurement policies to freeze … Continue reading →

Posted in Competition, Economics, Lean thinking, Systems thinking | Tagged Economics, Manufacturing, Public Sector, Systems thinking, Wisconsin | 2 Comments

Loan Default Rates Continue to Increase

Posted on September 9, 2009 by John Hunter

Chart showing loan default rates for real estate, consumer and agricultural loans for 1998 to 2009 by the Curious Cat Investing Economics Blog, Creative Commons Attribution, data from the Federal Reserve. Default rates on commercial (up another 151 basis points) and residential (93 basis points) real estate continued to increase dramatically in the second quarter. Credit card default rates increased but only by 20 basis points. Real estate default rates exploded in 2008, in the aftermath of the financial market … Continue reading →

Posted in Economics | Tagged economic data, Economics, economy

Blame the Road – Not the Person

Posted on August 19, 2009 by John Hunter

The system is responsible for 90, 92, 94, 97% of problems – W. Edwards Deming. Fix the system, don’t blame the people. When you seek system fixes you approach situations differently than if you search for people to blame. By the way, I am often asked about the data supporting Deming’s contention that the system was responsible for 97% of the problems. This statement was not based on a set of data but on Dr. Deming’s decades of experience. And … Continue reading →

Posted in Creativity, Data, Deming, Economics, Health care, Management, Systems thinking | Tagged Creativity, Deming, Economics, Health care, health care system, Innovation, Systems thinking | 5 Comments

CEOs Want Health-Care Reform

Posted on May 28, 2009 by John Hunter

Decades ago Dr. Deming emphasized the deadly disease of excessive health care costs in the USA. Since then, year after year, the situation has become worse (reaching $2.2 trillion in spending in 2007 – 16.2% of GDP). During that time senior executives has put forth very little serious effort (in comparison to the huge cost) to fix this problem. Finally, in the last few years, more and more senior executives are actively moving to address the ever worsening crisis (including, … Continue reading →

Posted in Deming, Economics, Health care | Tagged Deming, Economics, government, Health care, health care system, leadership | 6 Comments

Why Congress Won’t Investigate Wall Street

Posted on April 30, 2009 by John Hunter

Why Congress Won’t Investigate Wall Street The famous Pecora Commission of 1933 and 1934 was one of the most successful congressional investigations of all time, an instance when oversight worked exactly as it should. The subject was the massively corrupt investment practices of the 1920s. In the course of its investigation, the Senate Banking Committee, which brought on as its counsel a former New York assistant district attorney named Ferdinand Pecora, heard testimony from the lords of finance that cemented … Continue reading →

Posted in Economics, Systems thinking | Tagged Economics, ethics, government, Public Sector, regulation | 2 Comments

USA Spent $2.2 Trillion or $7,421 Per Person on Health Care in 2007

Posted on March 16, 2009 by John Hunter

Health spending in the United States grew 6.1 percent in 2007, to $2.2 trillion or $7,421 per person. For comparison the total GDP per person in China is $6,100. This continues the trend of health care spending taking an every increasing portion of the economic output (the economy grew by 4.8 percent in 2007). This brings health care spending to 16.2% of GDP (which is yet another, in a string of record high percentages of GDP spent on health care). … Continue reading →

Posted in Deming, Economics, Health care | Tagged economic data, Economics, Health care

Looting: Bankruptcy for Profit

Posted on December 19, 2008 by John Hunter

Looting: The Economic Underworld of Bankruptcy for Profit by George Akerlof, University of California, Berkeley; National Bureau of Economic Research (NBER) and Paul Romer, Stanford Graduate School of Business; National Bureau of Economic Research (NBER). George Akerlof was awarded the 2001 Nobel prize for economics. This is the abstract to their 1994 paper: During the 1980s, a number of unusual financial crises occurred. In Chile, for example, the financial sector collapsed, leaving the government with responsibility for extensive foreign debts. … Continue reading →

Posted in Deming, Economics, Management, Systems thinking | Tagged Economics, ethics, executive pay, overpaid executives | 7 Comments

Big Failed Three, Meet the Successful Eight

Posted on December 15, 2008 by John Hunter

Big Three, Meet the “Little Eight” The 1,300-acre plant, in which Toyota has invested $5.3 billion, produces a car roughly every minute. Georgetown’s population has doubled. In fields where farmers once grew tobacco and raised cattle, McMansions, apartment complexes, and condominiums have sprouted. A 150,000-square-foot upscale retail center is rising near the Toyota plant, the better to serve its 7,000 employees. … In San Antonio, the Toyota Tundra plant lay idle for three months this fall, though Toyota hasn’t laid … Continue reading →

Posted in Economics, Manufacturing | Tagged cars, commentary, Economics, Manufacturing, Respect, Toyota | 1 Comment

Thanksgiving: Micro-financing Entrepreneurs

Posted on November 28, 2008 by John Hunter

This is a post from my Curious Cat Investing and Economics Blog. For me, giving back to others is part of my personal financial plan. As I have said most people that are actually able to read this are financially much better off than billions of other people today. At least they have the potential to be if they don’t chose to live beyond their means. Here are some of the ways I give back to others. Kiva is a … Continue reading →

Posted in Economics, Respect | Tagged charity, Economics, respect for people | 3 Comments

Invest in New Management Methods Not a Failing Company, 1986

Posted on November 22, 2008 by John Hunter

Invest in New Management Methods Not a Failing Company by William Hunter, 1986 I predict American Motors will stop making cars in Wisconsin in the near future, whether or not the state’s money is used for a temporary propping-up operation. These competitors are beginning to understand how essential it is to take a long-term view of their businesses. Toyota, for example, took its top 40 managers on a two-day retreat to ponder what their corporation will look like in the … Continue reading →

Posted in Management | Tagged Bill Hunter, cars, commentary, Economics, management, Manufacturing, quote, short term thinking, Toyota Production System (TPS), Wisconsin

Tilting at Ludicrous CEO Pay 2008

Posted on November 10, 2008 by John Hunter

I continue to tilt at the robber barron CEO pay packages (2007 post on CEO pay abuses). 2007 pay rank Company CEO Pay 5 Year Pay CEO % of 2007 Earnings 1 Apple Steve Jobs $646,600,000 $650,170,000 18.5% 2 Occidental Petroleum Ray Irani $321,640,000 $509,530,000 5.9% 3 IAC Barry Diller $295,140,000 $512,270,000 Company Lost Money 4 Fidelity National Financial William Folley $179,560,000 NA 138.4% 5 Yahoo! Terry Semel $174,200,000 $432,490,000 26.4% 7 Countrywide Financial Angelo Mozilo $141,980,000 $295,730,000 Company Lost … Continue reading →

Posted in Data, Economics, Management, Respect, Systems thinking | Tagged commentary, curiouscat, Economics, executive pay, overpaid executives, quote, respect for people, stakeholders | 5 Comments