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Friday Five for September 24

Can it be true? The ten most hated jobs and the ten most liked jobs. Ironically, the most hated are in the IT sector.

How will e-discovery and social media interface when it comes to finding relevant information in a legal proceeding? I think this will be a thorny issue that will take years of case law and wrangling before we, as a society, settle on how social media is subject to e-discovery.

Thanks, Pat, for nothing. Your credibility is now down the tubes, as far as I’m concerned.

This article claims that Patent Trolls cost the economy $500 Billion and the opportunity cost of lost innovation.

This video demonstrates how NOT to conduct a job interview. Enjoy!

Bill English, CEEO
Mindsharp

What should the role of the “Rich” in our society be?

There continues to be this notion that the “Rich” (however you define it) are not paying their “fair share” of Federal income taxes.  This notion persists even though roughly half of all Americans paid no Federal income tax in 2010.  This leads me to wonder:  is the role of the rich to work hard and then have a significant portion of their earnings given to others through the force of law?  Should they be allowed to hoard their wealth at the expense of providing a safety net for others?  What role should the rich perform in our society?

Friday Five for September 17

When debt is good and when it is bad is the focus of this paper. This is a technical paper that demonstrates that some debt is good for growth, but too much debt leads to economies that shrink and that have numerous defaults in them.

There are five things that employers can do to discourage sales when they think they are encouraging sales. Not all encouragement is encouraging.

Over a three year period, a rogue trader cost UBS $2B in fraudulent trades. This makes one wonder what other fraudulent activities are occurring right now at other institutions that we don’t know about.

While Geitner’s warnings to Europe about their debt problem is both warranted and accurate, we also don’t have the credibility to say much. Our debt ratios are nearly the same as that of Greece. We’re the pot calling the kettle “black”.

Five online educational opportunities to help you run your business better.

Bill English
Mindsharp

Friday Five for September 9

This is an article that will contribute to the ongoing debate about whether or not top sales people are born or made. From your friends at HBR. I think most are born, but without skill development as well as product knowledge, they won’t do all that well at sales.

I continue to believe that retirement will be a thing of the past. We will all be forced to earn an income of some sort nearly until the day we die.

Either the US Government will need to cut spending or increase income. Nothing is sacred anymore, expect, perhaps for Social Security. Several of these ideas essentially raise taxes on those earning less than $250K.

A cool whiteboard video on entrepreneurs.

Why are small business owners ready for another downturn? Because they just came through one and in many cases, they feel they’ve not emerged from the last one, so their solutions will be extended indefinitely.

Bill English, CEO
Mindsharp

Another Perspective on the US Finances

THIS IS A GREAT EXPLANATION…

U.S. Tax revenue: $2,170,000,000,000

• Fed budget: $3,820,000,000,000

• New debt: $ 1,650,000,000,000

National debt: $14,271,000,000,000

• Recent budget cut: $ 38,500,000,000

 

Let’s remove 7 zeros and pretend it’s a household budget:

Annual family income: $217,000

• Money the family spent: $382,000

• New debt on the credit card: $165,000

• Outstanding balance on the credit card: $1,427,100

• Total budget cuts: $3,850

 

Let’s remove 8 zeros and pretend it’s a household budget:

Annual family income: $21,700

• Money the family spent: $38,200

• New debt on the credit card: $16,500

• Outstanding balance on the credit card: $142,710

• Total budget cuts: $385

 

Bill English, CEO
Mindsharp