Archive for July, 2008

It might be cheaper, but it will cost you more (Sowell)

July 31st, 2008  |  Published in Economics, Quotes

An international consulting firm determined that the average labor productivity in the modern sectors in India is 15 percent of labor productivity in the United States.

In other words, if you hired an average Indian worker and paid him one-fifth of what you paid an average American worker, it would cost you more to get a given amount of work done in India than in the United States. Paying 20 percent of what an American worker makes to someone who produces only 15 percent of what an American worker produces would increase your labor costs.

—Thomas Sowell, Basic Economics (3rd Edition, Basic Books, 2007), p. 446.

The struggle against Islamic-based terrorism (Obama)

July 30th, 2008  |  Published in Current Events, Politics, Quotes, War

The struggle against Islamic-based terrorism will be not simply a military campaign but a battle for public opinion in the Islamic world, among our allies, and in the United States. Osama bin Laden understands that he cannot defeat or even incapacitate the United States in a conventional war.

What he and his allies can do is inflict enough pain to provoke a reaction of the sort we’ve seen in Iraq—a botched and ill-advised U.S. military incursion into a Muslim country, which in turn spurs on insurgencies based on religious sentiment and nationalist pride, which in turn leads to an escalating death toll on the part of U.S. troops and the local civilian population. All of this fans anti-American sentiment among Muslims, increases the pool of potential terrorist recruits, and prompts the American public to question not only the war but also those policies that project us into the Islamic world in the first place.

That’s the plan for winning a war from a cave, and so far, at least, we are playing to script.

—Barack Obama, The Audacity of Hope (2006), pp. 307-308

You can write about any subject (Zinsser)

July 29th, 2008  |  Published in Life, Quotes, Writing

If you master the tools of the trade – the fundamentals of interviewing and of orderly construction – and if you bring to the assignment your general intelligence and your humanity, you can write about any subject. That’s your ticket to an interesting life.

—William Zinsser, On Writing Well, p. 250.

Pumping water by playing

July 28th, 2008  |  Published in Ecology, Energy, Technology, Videos

What an excellent idea. Harness the energy from kids playing on a merry-go-round to pump water for rural villages:

Now do this.

July 25th, 2008  |  Published in Links, Productivity

Now do this is the simplest task site I’ve ever seen, but extremely useful for a today list. I normally use Things for my general task management and a sheet of paper for my daily list, but I really like the idea of Nowdothis.com…

10 golden rules for career success (Koch)

July 24th, 2008  |  Published in Leadership, Life, Productivity, Quotes, Work

  1. Specialize in a very small niche; develop a core skill.
  2. Choose a niche that you enjoy, where you can excel and stand a chance of becoming an acknowledged leader.
  3. Realize that knowledge is power.
  4. Identify your market and your core customers and serve them best.
  5. Identify where 20 percent of effort gives 80 percent of returns.
  6. Learn from the best.
  7. Become self-employed early in your career.
  8. Employ as many net value creators as possible.
  9. Use outside contractors for everything but your core skill.
  10. Exploit capital leverage.

—Richard Koch, The 80/20 Principle: The Secret of Achieving More With Less (1998), p. 188

Failed billing team?

July 23rd, 2008  |  Published in Business, Humor and Satire

Are you not very good at billing? Consider yourself a failure? Send your resume to GoDaddy’s “Failed Billing Team”!

Here’s an email I got yesterday:

Dear Joshua Sowin,

A member of our Failed Billing Team recently called to alert you to a problem….[blah blah blah]

Sincerely,

GoDaddy.com, Inc.
Failed Billing Team

Humans follow the crowd, even when it’s wrong (Leeb)

July 22nd, 2008  |  Published in Psychology, Quotes, Truth

In one of this famous experiments, Asch assembled a dozen or so Swarthmore students and announced that they were taking part in an experiment on visual perception. He showed them three line segments, and asked each one in turn which line was the longest. It was an easy task—the correct answer was obvious.

However, Asch had secretly instructed all but the last person, who was the real result of the subject of the experiment, to say that the medium-length line was the longest. The aim was to see whether the subject would rely on his or her own judgment, or go along with the group.

As it turns out, 70 percent of the subjects caved in to group pressure and said that the medium-length line was the longest. The conclusion was that most human beings, under conditions that are hardly severe, will follow the crowd, even when the crowd is clearly wrong.

—Stephen Leeb, The Coming Economic Collapse (2006), p. 40