Monday, November 23, 2009

Bias and Prejudice and other limiting and self limiting behaviors

We all have bias and prejudiced and fact is never is this truly a positive trait. In larger society often rules were changed to subjugate whole ethics groups or arbitrarily assign characteristics to people (often negative) to justify a false sense of superiority. In the case of CEOs and C level executitives it manifested itself via a sense of entitlement thinking that despite the poor performance of the respectictive company they were someonhow due large compenation. With respect to individuals and especially business owners it causes them to pursue courses of action that are familiar even if they are not productive or positive.

Bias, prejudice and so many other things are a tool people use to avoid change and thus negate growth. How often have you in the case of ethic bias witness rules being changed to exclude with no regard or effort made to determine if the individual or group of individuals can or should be excluded and were never given a chance to see what they could achieve. A classic example of this to me was Jim Crow where politicians used fear as a basis of decisions and yet when we look at the factis historicially is it not ironic that during that same period of time many of the colleges and univerisities we now enjoy were founded with the help and in some cases the leadership of the very people subjugated.

Bias allows us to discard and discount fact and make choices to justify decision we have already made instead of allowing the facts to dictate the choices. They allow us to be exclusive instead of inclusive, to be destructive instead of constructive. In relationships they allow us to discount and destroy what is good for us and best long term because it is not what we think we want short term.

Some more tangible examples:
  • The child who is stopped from putting their hand on a hot stove
  • The adult who decides to work because they need money now instead or are not capable of completing college
  • The advisor who decides African Americans are not capable mentally be being scientists or engineers
  • The person who discounts someone because they are not a member of their particular ethnic group
  • The person who prefers play or work or who wants the reward but is unwilling to pay the associated cost
  • The person declining to even attempt to learn a little of another language
  • The person who believes themselves better than others thus closing the option to learn from people whose ideas may offer more merit or in fact be more sound
  • The person who believes because you do not look like me you cannot possibly understand

Lets apply this to business and how entrepreneurs use some of these tactics to self sabotage.



What do you think about this topic - the Fear of Change!!!

Saturday, November 21, 2009

Weekly Economic Update for the Week of November 16, 2009

C.W. Copeland & Associates presents

Weekly Economic Update for the Week of November 16, 2009

_______________________________________________________________________________


Quote of the week."Service is the rent we pay to be living. It is the very purpose of life and not something you do in your spare time."- Marion Wright Edelman


Unemployment weighs on sentiment.American consumer sentiment unexpectedly dipped this month, at least according to the findings of the latest Reuters/University of Michigan survey. The respected index hit 66.0 last week, a three-month low and down from 70.6 for October. With a 10.2% jobless rate in the headlines, it is understandable.1


Gold futures advance, oil futures dip.A weak dollar aided gold prices last week, while the weakness in consumer sentiment hurt oil futures. Gold prices rose nearly 2% last week, settling at $1,116.70 per ounce on the NYMEX. Oil slipped 1.4% last week; prices fell to $76.34 per barrel at Friday's close.2,3


Initial claims lowest since 1/09. New claims for state unemployment benefits dropped to their lowest level in ten months in the week ending November 7, the Labor Department noted Thursday. At the end of October, continued claims dropped to the lowest level since March.4


Trade deficit widens 18.2% in September. Even as U.S. exports gained for the fifth month in a row, imports rose by 5.2% from August levels, including a 20.1% rise in oil shipments. However, economists expect global demand for U.S. exports to keep rising as the dollar is about 12% below where it was last spring against other major world currencies.5


Dow hits 13-month high.With earnings reports from major retailers and media giants topping expectations, a 73-point push sent the DJIA to a close of 10,270.47 Friday, its highest finish since October 2008. The S&P 500 ended the week at 1,093.48 and the NASDAQ wrapped up at 2,167.88 Friday.6


% Change

Y-T-D

1-Yr Chg

5-Yr Avg

10-Yr Avg

DJIA

+17.02

+16.24

-0.51

-0.46

NASDAQ

+37.47

+35.77

+0.79

-3.27

S&P 500

+21.06

+19.99

-1.53

-2.17

Real Yield

11/13

1 Yr Ago

5 Yrs Ago

10 Yrs Ago

10YrTIPS

1.31%

2.95%

1.71%

4.14%


(Source: CNNMoney.com, ustreas.gov, bls.gov, 11/13/09)7,8,9


Indices are unmanaged, do not incur fees or expenses, and cannot be invested into directly. These returns do not include dividends.


Riddle of the week.Only one bachelor has served as President of the United States. Additionally, only one President has entered office having been legally divorced. Who were these two Presidents?


Contact my office or see next week's Update for the answer.


Last week's riddle: Determine the numeral between 1 and 100 which is also nine times the sum of its digits.


Last week's riddle answer:81. 8 + 1 = 9, 9 x 9 = 81.

___________________________________________________________________

Please feel free to forward this article to family, friends or colleagues.

If you would like us to add them to our list, please reply with their address
and we will contact them and ask for their permission to be added.

Regards,
C.W. Copeland
"Your Personal CFO"
404.567.3275 (cell)
www.PhDinMoney.com

Friday, November 20, 2009

Are you an Entrepreneur?

Over the years many have approached me about wanting to be a Business Owners or Entrepreneur and some were shocked when I suggested that they would best served seeking another job as an employee.

What does it mean to be an Entrepreneur?

Tuesday, November 17, 2009

Happy Founders Day - Omega Psi Phi Fraternity, Inc

Friendship is Essential to the Soul because it is only together that we as a group or as a species can ever hope to reach our highest aspirations. By living nobly and fulfilling our duty to one another, by persevering, lifting up those in need, doing the best we can be mature adults accepting responsibility to what we do and leave the world a little better than we found it.

Omega Psi Phi Fraternity, Inc



















Bruhs - Be OWT!

Sunday, November 15, 2009

Chrome OS (info, thoughts and reviews)

Google Chrome OS is a project by Google Inc. to develop a lightweight computer operating system devoted to using the World Wide Web. Announced on July 7, 2009, the operating system will be based on Google's Chrome web browser and is set to be released during the second half of 2010. Chrome OS will run on systems with either x86 or ARM processors, and designed for Netbooks. Google has stated that the Google Chrome OS project will be open source by the end of 2009, and that it will use "a new windowing system".













Friday, November 13, 2009

Weekly Economic Update for the Week of November 9, 2009

C.W. Copeland & Associates presents

Weekly Economic Update for the Week of November 9, 2009

_______________________________________________________________________________


Quote of the week."Amusement to an observing mind is study."- Benjamin Disraeli


Jobless rate lags behind recovery.America's unemployment rate reached 10.2% in October, higher than the 9.9% analysts at Briefing.com had forecast. One silver lining to the highest jobless rate in 26 years: net October layoffs were at 190,000 compared to 219,000 in September.1


More help for jobless + homebuyers. President Obama signed H.R. 3548 into law Friday, extending unemployment benefits an extra 14-20 weeks for roughly 2 million Americans. Additionally, the first-time homebuyer credit of up to $8,000 will be available through next June as long as a buyer signs a binding contract by the end of April. Move-up buyers may be eligible for a $6,500 variation of this credit.2


Could a wave of hiring start soon? Maybe. New Labor Department figures show that employee productivity increased by a whopping 9.5% in 3Q 2009. Also, labor costs fell by 5.2% in 3Q 2009, resulting in the largest four-quarter drop since 1948.3


Service sector growth continues.The Institute for Supply Management's September service sector index topped 50 again - 50.6, a bit down from 50.9 in August but still showing expansion. The real attention-getter: a 1.4% jump north in new orders and a 2.0% increase in the backlog of new orders.4


Gold tops $1,100.Gold futures did that twice last week, finally settling at $1,095.70 on the NYMEX Friday; prices rose 5% last week. Oil prices gained $0.43 last week to close at $77.43 a barrel Friday.5,6


Stocks make big gains.The Federal Reserve left interest rates alone, and the good news from the ISM, the Labor Department and various earnings reports outweighed the jobless data. The Dow and S&P 500 both rose 3.20% last week; the Dow closed Friday at 10,023.42. The NASDAQ climbed 3.29% last week.7

% Change

Y-T-D

1-Yr Chg

5-Yr Avg

10-Yr Avg

DJIA

+14.21

+15.28

-0.70

-0.64

NASDAQ

+33.95

+31.31

+0.72

-3.19

S&P 500

+18.38

+18.17

-1.66

-2.20

Real Yield

11/6

1 Yr Ago

5 Yrs Ago

10 Yrs Ago

10YrTIPS

1.37%

2.81%

1.71%

4.14%


(Source: CNNMoney.com, ustreas.gov, bls.gov, 11/6/09)8,9,10

Indices are unmanaged, do not incur fees or expenses, and cannot be invested into directly. These returns do not include dividends.


Riddle of the week.Determine the numeral between 1 and 100 which is also nine times the sum of its digits.

Contact my office or see next week's Update for the answer.


Last week's riddle: What is the only planet within our solar system that rotates clockwise?


Last week's riddle answer:Venus.



Regards,
C.W. Copeland
"Your Personal CFO"
404.567.3275 (cell)
www.PhDinMoney.com

Sunday, November 8, 2009

Blackberry 8530 to replace 8300 (Sprint and Verizon)

The main thing you will like is that this comes with Wi-Fi built in thus meaning at home or in a hotel your browsing and other net aware application will benefit from the speed of wireless and as a side benefit the cell companies are reducing their traffic load. T-Mobile already sporting 8520 version and would think depending an AT&T version will appear soon.


















Brand / Type
BrandBlackBerry
TypeCurve 8530
Form factorCandybar
ColorBlack, Violet
Network
Phone Network3G, EVDO
ServiceN/A
Connectivity
Bluetoothv2.1 with A2DP
InfraredN/A
Wi-Fi (WLAN)Yes
USBNo
Fax / DataN/A
Display
Main displayColor AM OLED
Color displayN/A
DimensionsN/A
ResolutionN/A
External displayN/A
Memory
Internal memory256MB
External memory32GB
Memory slotsYes
Storage typesMicroSD, MicroSDHC
Basic
BatteryN/A
Standby timeN/A
Talk timeN/A
Calling
Vibrate alertN/A
Photo IDN/A
RingtonesNo
Camera
CameraYes
Megapixels2.0 megapixels
Maximum photo resolutionNo
Digital zoomYesx
Optical zoomNo
Auto focusN/A
FlashN/A
Recording videoYes
Second (front) cameraN/A
Messaging
SMSYes
MMSYes
T9 text functionYes
E-mailYes
Internet browsingYes
Entertainment
FM radioN/A
JavaN/A
Audio playerMP3
Video playerNo
Features
Add ringtonesN/A
OrganiserOrganiser
Video callN/A
Other featuresFull QWERTY keyboard, Touch-sensitive trackpad, GPS, Games, 3.5 mm stereo headset jack, Social networking

The Physics of Music










Weekly Economic Update Compliments of C.W. Copeland

C.W. Copeland & Associates presents

Weekly Economic Update for the Week of November 2, 2009

_______________________________________________________________________________


Quote of the week."We do not quit playing because we grow old, we grow old because we quit playing."- Oliver Wendell Holmes

3Q GDP: +3.5%.The longest economic contraction in America since 1947 ended in the third quarter as federal credits and stimuli encouraged robust growth. (Automobile output represented 1.6% of that growth, according to the Commerce Department.) This was the best quarterly GDP since 3Q 2007.1

Consumer spending dips 0.6%. September's slip appears partly a result of the end of the C.A.R.S. program. "Real" disposable income (after-tax income) fell 0.1% in September. However, durable goods orders rose 1.0% in that month.2,3

Slight rise in consumer sentiment.Last week, the Reuters/University of Michigan index improved from 69.4 to 70.6 for October. Yet that still meant a drop from the 73.5 reading for September.4

New home sales down 3.6%.Why the drop? Here's a hint: most sales contracts signed in September will likely close after the end of November (and the expiration of the federal $8,000 first-time buyer credit). A Congressional vote to extend that credit could occur early this week.5,6

Strong month for some hard assets.Despite losses last week, gold prices rose 3.14% in October - an ounce went for $1,039.70 at Friday's NYMEX close. Copper gained 4.93% last month (it hasn't had a down month in 2009). Oil prices ended October at precisely $77.00 a barrel - up 9.05% for the month.7

Week ends with profit-taking.Concerns over personal spending, commercial real estate and a spike in the dollar index weighed heavily on stocks at October's end. While the S&P 500 and NASDAQ had their toughest months since February, the DJIA managed a flat month (+0.005%, to be precise).8

% Change

Y-T-D

1-Yr Chg

5-Yr Avg

10-Yr Avg

DJIA

+10.67

+5.80

-0.63

-0.95

NASDAQ

+29.68

+20.41

+0.71

-3.11

S&P 500

+14.72

+8.61

-1.66

-2.40

Real Yield

10/30

1 Yr Ago

5 Yrs Ago

10 Yrs Ago

10YrTIPS

1.41%

3.06%

1.63%

4.14%


(Source: CNNMoney.com, ustreas.gov, bls.gov, 10/30/09)9,10,11

Indices are unmanaged, do not incur fees or expenses, and cannot be invested into directly. These returns do not include dividends.

Riddle of the week.What is the only planet within our solar system that rotates clockwise?

Contact my office or see next week's Update for the answer.

Last week's riddle: The names of two U.S. state capital cities rhyme but share no vowels. Name the two cities.

Last week's riddle answer:Austin and Boston.

___________________________________________________________________

Please feel free to forward this article to family, friends or colleagues.

If you would like us to add them to our list, please reply with their address
and we will contact them and ask for their permission to be added.

Regards,


C.W. Copeland
"Your Personal CFO"
404.567.3275 (cell)
www.PhDinMoney.com
Add to Technorati Favorites