Archive for September 4th, 2017

Humanitarian workers say the good intentions of generous Americans who donate useless goods instead of money to victims creates a "second disaster"

More…

Comments No Comments »

Initial coin offerings are the latest financial-markets mania, capturing investors’ imagination like dot-com startups once did years ago. But for all the hype, the risks are plentiful.

More…

Comments No Comments »

Initial coin offerings are the latest financial-markets mania, capturing investors’ imagination like dot-com startups once did years ago. But for all the hype, the risks are plentiful.

More…

Comments No Comments »

The notion that a massive infrastructure program will yield a net direct increase in jobs is in the process of being demolished, another economic casualty in the path of Hurricane Harvey. No doubt, there will be some news accounts in the future of how massive reconstruction after Harvey boosted local GDP. But the direct economic impact will be net zero: The capital and workers deployed will just draw away resources from other places, other uses and other infrastructure projects that will have to be put off or ignored.
Rebuilding after Hurricane Harvey is a matter of running just to stay in…

More…

Comments No Comments »

This Congress has found it hard to take action on many pressing issues, such as health care. But one issue is definitely focusing the minds of lawmakers. Thats the debt limit the statutory ceiling on how much the federal Treasury can borrow to keep the government functioning. According to Treasury Secretary Steven Mnuchin, if Congress does not increase the limit by September 29th, the government will quickly become unable to cover its obligations, forcing sharp program cuts and threatening the countrys credit abroad.
Some people argue that we should put an end to this regular…

More…

Comments No Comments »

With about $650 billion in U.S.-China trade on the line, Washington must tread carefully if it wants to pressure Beijing to take a tougher line on Pyongyang.

More…

Comments No Comments »

Some are expecting premiums for 2018 to rival a mortgage payment

More…

Comments No Comments »

Getting value out of board meetings is tough. Lots of VCs have written posts with great tips – this recent one by Mark Suster is a very high quality example.

There are lots of reasons why value can be hard to extract – mostly to do with the fact that often board members don’t pay enough attention and CEOs don’t prepare as well as they could. However, today I’m going to write about a lesser known reason: the law of triviality.

From Nir Eyal’s What to do when someone steals your idea:

The British author C. Northcote Parkinson is famed for his “law of triviality,” first elucidated in a satirical article published in 1957. Parkinson writes of a committee assembled to approve plans for a nuclear power plant that instead spends most of its time arguing about a bike shed. The fictional committee wastes so much time on the bike shed because people are more likely to have an opinion on things they understand. While few feel qualified to speak about nuclear power, everyone can put in their two cents about a bike shed.

In board meetings this plays out with non-executive directors focusing questions on things they understand, often the accounts, but it can be any area of expertise – rather than what’s most important to the business at any given moment. On a lucky day the accounts might be the right thing to focus on, but usually the right thing will be something else, often something that is specific to the business and harder to understand and hence many shy away from. This scenario plays out most frequently with less secure or less experienced board members who have a need to be heard.

So what should we do?

As directors of companies we should try and catch ourselves when we dwell on topics that are in our comfort zone but aren’t the most important topics, and we should move the conversation on when other directors make the same mistake.

As CEOs we should identify the most important topics to discuss in advance and bring the conversation back when it wanders.



More…

Comments No Comments »

The U.S. could sanction top Chinese banks to pressure rogue nation North Korea into halting its nuclear program after it said it tested a hydrogen bomb.

More…

Comments No Comments »

<p>Like all North Korean adults, Song Un Pyol wears the faces of leader Kim Jong Un's father and grandfather pinned neatly to her left lapel, above her heart.</p>

More…

Comments No Comments »

North Korea enjoys testing bombs and riling up the international community.

More…

Comments No Comments »