Over 500 articles, sermons, books, photos, and videos to honor God and make your life better
Inflation is higher than it has been in America since 1974. It is not merely a policy problem, but a major financial threat for every family in America, and most families throughout the world. Regardless of what one thinks about policy, we all need practical ways that we can fight inflation. Here are a few:
Continue reading “50 Ways to Beat Inflation”
The American economy is struggling. Inflation is worse than at any time in the past forty years and the stock market has lost a quarter of its value since January of 2022. Retirees, many on fixed incomes, have lost $3 trillion in the same time.[1] Many are struggling just to get by. Necessities like food, fuel, clothing, shelter, and often health care, slip out of the fingers of millions of our countrymen.
Simultaneously, inflation is 9.1%, and the average interest on money in savings accounts is less than 1%. This means that in terms of purchasing power, savers are losing over 8% on their money. For example, one hundred dollars in a savings account now could rise to $101 one year hence, but would only be able to buy $93 worth of goods and services.
Continue reading “How to Decide How to Invest”
How can companies attract, hire, and retain enough high-quality workers in the population-challenged future?
The future of HR is inexorably tied to the future of demography and technology in the United States and throughout the world. Cultural changes will also play an important role. These changes are overwhelming in their power and even in their novelty. Chief executives who wish for their companies to succeed will have to lead their companies and their communities through these daunting challenges. How can they do that?
Businesses must recall that they do not exist to sell products, no matter how excellent those products are, but to meet customer needs. Their survival depends upon it.
Coronado Baptist Church in El Paso, Texas hosted a banquet to raise money for Christian ministries in Africa. A church leader spoke of his experience on that continent (personal experience, 2006).
“Tell me about yourself,” an African pastor said to the American.
“Well, I own a manufacturing plant in Ciudad Juarez, Mexico. We are expanding into India” the church man answered.
“Not about your work, that is unimportant,” the African pastor replied. “Tell me about your family.”
The American businessman defined himself by his work, while the African pastor defined himself as part of a family, a church, and a community. As is common in individualistic societies, the American focused on his individual contribution. As is common in communal societies, the African focused on his part of the group and their contribution. The businessman and the pastor had to understand what each meant when they asked, “Who am I?” Had they not, they never could have met one another’s needs, and the mission trip would have been a failure.
Continue reading “Marketing Myopia”
How many of the things that we do sabotage our ability to do anything, and everything
My son and a friend were exploring the Internet a few days ago and came across a US Government manual from World War II called Simple Sabotage. The book is written to teach ordinary citizens in the occupied territories how to do simple things to impede the operations of the Nazi war machine. The Chinese form of torture and execution, Death by a Thousand Cuts, is a related idea. By inflicting a thousand delays, confusions, frustrations, and small obstacles, the common folk in the occupied territories could help drive out the Germans.
Workers and bosses today use “The Manual” in every organization in America, and the bigger the worse, without even knowing it. People are afraid to do anything without authorization from the Boss, and no one will take responsibility for their words or actions. Continue reading “Simple Sabotage”
Tips on getting what you want, and getting what everyone wants, in negotiations.
Tips on getting what you want, and getting what everyone wants, in negotiations.
When Eisenhower became President, Truman was rumored to have said, “Ike can’t just tell people what to do like he could in the Army. When you are president, you only get what you can negotiate.” Whether this story actually happened is irrelevant. In life, you only get what you negotiate.
Tactics
Continue reading “Notes on Negotiation”
A Christian look at unintended ways that our lives affect others, and what to do.
The Cat House Café at the Memphis Zoo sits beside the gibbon exhibit, where Ringo and Talulah entertain guests with their funny faces and their acrobatics. When we eat there, my family and I get a table as close as we can to the picture windows overlooking their home, and yesterday the closest table was next to some loud, rambunctious little boys. Valuing Ringo and Talulah more than a quiet table, knowing that it is senseless to expect little boys to be quiet at the zoo, and being loud sometimes ourselves, we sat down and enjoyed a cheeseburger, waffle fries, and chicken strips for lunch.
Being a business and economics-minded person, I could not help but think about how the various people in the café were affecting each other; the costs and benefits of each interaction. The direct and intentional interactions were between workers preparing and selling food and drinks, and customers eating and drinking. There were indirect and unintentional actions as well. These can be thought of as externalities, which Investopedia defines as “A consequence of an economic activity that is experienced by unrelated third parties.” Typically, the costs or benefits of the goods or services being bought and sold do not reflect the costs or benefits of the externality. A classic example of a negative externality is a factory generating air pollution that its workers and nearby residents breathe. A classic example of a positive externality is that same factory cleaning up its exhaust and planting a park for its employees. The surrounding neighborhood would also benefit.
Continue reading “Externalities and Internalities”
Thrift doesn’t start with seeking sales and clipping coupons, but with a character of contentment.
Disasters strike, both in nations and in families. Hurricanes happen, jobs are lost, and terrorists crash airliners into buildings. Our first reaction is disbelief and disorientation. On 9/11/2001 many Americans spent the day staring at the television, unable to accept that such an attack happened in the USA and uncertain of what the attack meant for our future. On any day, when a family member is diagnosed with terminal cancer, a friend dies in an accident, or a husband loses his job, our normal reaction is stunned silence, fear, sadness, and stunned silence again.
Our second reaction depends on the individual. Some people sink into despair, others begin frenzied work, and still others lash out at whoever or whatever they think is responsible for their pain. Over time, those who are psychologically healthy transform their hardship into a new way of looking at the world, adjust their actions, and resume a normal if inexorably altered life. Those who cannot end up getting help from health care providers and ministers to help them reassemble the pieces of their shattered soul.
Continue reading “Robust Thrift”
Assumptions, Emotions, Perceptions, Conditions, and Facts color our communication with ourselves and others. We must learn to manage them.
A wise man once said that the hardest thing about communication is the illusion that it has occurred. I have been involved in hundreds of medical, military, and public safety operations, and the after-action reviews of each one cite communication as a problem. Whether in business, relationships, or anywhere else, avalanches of academic papers and mountains of media articles bemoan our inability to effectively talk to each other, and propose ways of fixing it.
Several factors are present in every communication event, including assumptions, emotions, perceptions, conditions, and facts. They change the communication, often without the participants realizing it.
Continue reading “Communication Conflicts”
