Category Archives: Business and Economy

Morning people viewed more positively

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According to biology professor Christoph Randler, morning people are viewed more positively. Through surveying 367 college students, Randler found that “The problem is that those with the genetic gift of “morning-ness” tend to be more highly rewarded. Morning-ness is perceived as a sign of activity and zest, whereas evening-ness implies laziness and loafing.”

As the story discusses briefly, this seems to be a cultural issue. In certain arenas, traits associated with being “up and ready” in the morning are prized. Being peppy and ready to go in the morning can indicate a person is efficient and in control.

How about a study that examines perceptions of people who accomplish roughly the same amount of work but who are opposites in terms of being morning or evening people. Do people and/or institutions place a higher value on being ready to go in the morning even if the work gets done by the end of the day?

A battle over replacing a bridge

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The Ambassador Bridge linking Detroit and Windsor, Ontario has drawn attention as public officials discuss building a new bridge instead of undertaking costly repairs. The twist: the existing bridge is privately owned. Both the private owner and public officials are discussing where they might build a new bridge – the private owner wanting one under his control, the public officials wanting one under their control.

Another proposal for Internet sales taxes

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Many American consumers can purchase goods online without paying a state sales tax. That may change in the future. While this article specifically references a proposed bill from a Massachusetts House member, it has some interesting background on the legal issues behind gathering state sales taxes from Internet purchases.

Searching for skilled factory workers

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The New York Times reports on a problem for some factories: finding workers that have enough skills to operate more complicated machinery. An anecdote from a company outside Cleveland illustrates the issue:

All candidates at Ben Venue must pass a basic skills test showing they can read and understand math at a ninth-grade level. A significant portion of recent applicants failed, and the company has been disappointed by the quality of graduates from local training programs. It is now struggling to fill 100 positions.

“You would think in tough economic times that you would have your pick of people,” said Thomas J. Murphy, chief executive of Ben Venue.

Many factory jobs today aren’t just manual labor jobs. An education is not just for office jobs; it is helpful or required for most sectors of the economy.

California town outsources all work to contractors

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On the final day of the fiscal year, Maywood, California laid off all of its staff (96 employees) and is now outsourcing all city duties to contractors. The city, with roughly 30,000 residents and about 8 miles from downtown Los Angeles, is keeping its elected officials and some of the former employees will remain on the job as contractors.

From the story:

Maywood is billing itself as the first American city to outsource all of its city services. In an odd twist, officials say it can provide even better services because the shift will help it save money and close a $450,000 shortfall in its $10 million general fund budget.

This bears watching as many municipalities face budget shortfalls. While the cost savings speak for themselves, it remains to be seen how residents feel.

Learning from the country’s largest urban solar plant

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The Chicago Tribune reports on a 40 acre solar power plant on the south side of Chicago, the largest urban solar plant in the United States. While the plant is not very big (generating 10 megawatts), some things I learned that shed light on the broader issue of clean energy:

-Benefits of a plant this size: “The solar plant generates enough electricity to power about 1,500 homes, and its clean power means less greenhouse gases are emitted, the equivalent of taking 2,500 cars off the road each year.”

-Perhaps Chicago is not a bad place to build solar facilities: “The sun in Illinois is more intense than in Japan or Germany, the world’s two largest solar markets.”

-On a national level: “Nationwide, there are more than 22,000 megawatts of large-scale solar projects under development, or enough to power 4.4 million homes.”

-“Green jobs” generated by building solar plants do not necessarily last over time: “Exelon’s West Pullman plant, for example, created about 200 jobs, but only during the six months of construction, he said. “It certainly wasn’t something that went on for years,” Lynch said.”

-Wind power is the main green energy for the near-future in Illinois: “Power companies in the state must get at least 25 percent of their electricity from green sources by 2025. Of that amount, 75 percent must come from wind, while only 6 percent must come from solar”

Summary: this plant has some clear benefits including cleaner energy and construction jobs. But there is a long way to go before solar plants, particularly in urban areas, can generate enough electricity at a reasonable price.

The land of fake businessmen

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Atlantic’s Mitch Moxley reports on a Chinese business practice: hiring fake businessmen to help craft an image. Part of the job:

As we waited for the ceremony to begin, a foreman standing beside me barked at workers still visible on the construction site. They scurried behind the scaffolding.

“Are you the boss?” I asked him.

He looked at me quizzically. “You’re the boss.”

Actually, Ernie was the boss. After a brief introduction, “Director” Ernie delivered his speech before the hundred or so people in attendance. He boasted about the company’s long list of international clients and emphasized how happy we were to be working on such an important project. When the speech was over, confetti blasted over the stage, fireworks popped above the dusty field beside us, and Ernie posed for a photo with the mayor.

If this is common practice, couldn’t some companies lose face (rather than build their image) when others point out or find out that their businessmen are really fakes?

An odd subtext: the requirements for the job included “a fair complexion and a suit.” The fake businessmen are there to indicate that the Chinese company has connections. A “darker complexion and a suit” doesn’t fit the bill for connections? Perhaps a “darker complexion, a suit, and an American accent”?

And you thought your commute was bad

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Wired writes about a report released by IBM Research regarding traffic in large cities. Using a web-based survey, IBM  included 8,192 drivers in 20 cities. IBM developed a “Commuter Pain Index” that is comprised of ten criteria.

The worst cities, starting with the worst and then declining on the index: Beijing, Mexico City, Johannesburg, Moscow, and New Delhi. The first US city, Los Angeles, shows up at #14 with New York and Houston at #17 and #18, respectively.

If you were curious, IBM recommends as a solution new technologies to “empower transportation officials to better understand and proactively manage the flow of traffic.”

Second Wal-Mart moves forward in Chicago

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Update 9:52 PM 6/30/10: The Chicago City Council voted tonight 50-0 to approve the second Wal-Mart in the city. Read about the voting and the consequences here.

The Chicago Tribune reports that the Chicago City Council Zoning Committee approved Wal-Mart’s proposal for a store in the Pullman Park neighborhood on the South Side. A quick summary of how the deal was made:

The deal struck Thursday has Wal-Mart assenting to pay at least $8.75 an hour — 50 cents more than minimum wage as of July 1. Unions once wanted $11.03 an hour, but settled for less and touted the company’s agreement to give raises of 40 to 60 cents an hour to Chicago workers after a year. A Wal-Mart spokesman, however, said store workers typically get that kind of bump anyway.

In the end, Wal-Mart appears on its way to getting a second store. The unions, which won’t actually represent any of the workers, get to save face. And aldermen looking ahead to re-election in February get to avoid a repeat of 2007, when several of them lost after angry unions put up challengers who opposed Wal-Mart.

As often happens in politics, a deal is finalized when all the interested actors feel they benefit in some way.