California is in trouble again. Running itself like a charity it spends based on public whim that drives vote buying legislators. My congresswoman, Sharon Runner, comments in her Runner Report about the most recent budget approach (click here for a subscription):
Our plan establishes a strict spending limit and creates a rainy day fund that will […]
My California Assemblywoman, Sharon Runner, keeps me up to date on my home state politics in her “Runner Report” - click here for a subscription. In it she reveals that California is leading the charge in attempting to pass taxes related to global warming. These bills have successfully made it through the Assembly and await […]
I had to laugh at the headline from Manufacturing Business Technology:
Focus on Innovation: HP expects restructured labs to produce fewer, more successful projects
MBT went on to say, in an almost sad way, that HP consolidated its research to focus on 20 to 30 large research projects from about 150, with, lo and behold, a strategy […]
CFO’s article on risk management brought up a fascinating point about how the Federal Reserve policies contributed to poor risk management in banks during the subprime mess. CFO makes a shaky link to Alan Greenspan’s role. Banks had been shedding, instead of managing, risk for years by passing it on to investors. They claim that […]
“Risk was not integrated but split between a credit risk officer and a market risk officer, both of whom reported to the CFO, who then reported to the CEO. That may work at a place like Goldman, where decisions are made collectively among executives. But at a firm with a strong-willed CEO, like Merrill, it […]
CFO magazine covered how poor risk-management techniques, and more importantly, organizational culture and structure, contributed to the subprime problems:
“the inability to properly manage risk, and the failure of stress tests have so far resulted in global bank losses of $265 billion. With a few notable exceptions, bank CFOs seemed willfully ignorant of snowballing risk.”
The worst […]
Another country that provides readers to projectmanagement411 is Brazil. In fact they are fifth and rising (behind the US, Australia, Czech Republic and Canada) on the list of most readers by country this month.
One reason I’m intensely interested in Brazil is because of their energy policy. Wikipedia says that Brazil…:
“is the world’s second largest producer […]
Manufacturing Business Technology made us aware of competing energy policies and the arguments being considered. I thought John Engler, National Association of Manufacturers (NAM) CEO, made some excellent comments that point to the importance of contributing to the discussion:
“Manufacturing is the most energy intensive sector of the economy,…The energy plan in Sen. McConnell’s amendment will […]
I was really encouraged by the Strategy+Business article on why manufacturers in developed countries are still successful. These manufacturers are bucking the trend towards outsourcing to non-developed countries:
But there is also the counterexample of leading manufacturing companies, farsighted enough to view their factories, supply chains, logistics and procurement programs, inventory cycles, and labor management as […]
CFO magazine’s survey of CFOs around the world reveal a confidence shortfall. I like the analysis because it concentrates on confidence and optimism levels which drive spending patterns of companies:
“Optimism reached its lowest point since the study launched it’s optimism index six years ago. Pessimists outnumber optimists by a nine-to-one margin, with 72 percent of […]
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