Friday, July 16, 2010

Western Union

Western Union passed on the offer to purchase the patent for the telephone in 1876. In response to the proposal, Western Union president William Orton said "Mr. Bell, after careful consideration of your invention, while it is a very interesting novelty, we have come to the conclusion that is has no commercial possibilities. What use could its company make of an electrical toy?"
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Sunday, June 27, 2010

Index of Leading Indicators

The Index of Leading Indicators is published monthly by The Conference Board. The ten economic indicators that make up this index change before the economy has changed. Examples include production workweek, building permits, unemployment insurance claims, money supply, inventory changes, and stock prices. The Fed watches many of these indicators as it decides what to do about interest rates.
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Friday, June 11, 2010

Walt Disney

Born in Chicago in 1901, Walt Disney developed an early interest in drawing, sketching and photography, and later developed movie animation methods. Mickey Mouse made his debut in the 1928 cartoon film "Steamboat Willie". Thus began Disney's fantastic run as a movie and entertainment franchise. Walt Disney and his staff have received more than 950 honors, including 48 Academy Awards.
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Tuesday, June 8, 2010

Route to the CEO office

The finance department has replaced marketing as the direct route to the CEO office, according to recent study published in CFO Magazine. The study found that one-fifth of all American CEOs were former CFOs, almost double from a decade earlier. The main reason for this shift is the increased importance of quarterly reporting as well as more financial scrutiny as a result of the Sarbanes-Oxley act.
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Sunday, June 6, 2010

Creativity Economy

The Creativity Economy is the next bastion beyond the Knowledge Economy. According to a recent Business Week article, new paradigms such as design strategy and consumer centric innovation are fueling new corporate growth. The new strategies are a blend of consumer observation, discovery, educated risk and process improvement.
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Saturday, June 5, 2010

Tea

People have been drinking tea for at least 5,000 years. Studies show that tea produces a multitude of health benefits for humans. Tea contains Theanine, a molecule that improves one's ability to focus, and with caffeine, produces as calming effect. Research has found that tea supports the aging brain. In addition, tea researchers believe it may prevent lung cancer.
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Friday, June 4, 2010

Creative people

Psychology professor Mihaly Csikszentmihalyi suggests that creative people have one trait that most makes them different from other individuals - complexity. Csikszentmihalyi's summary of exceptionally creative people: smart but naïve, often introverted, both humble and arrogant, more androgynous than others, both conservative and rebellious.
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