Thursday, October 24, 2013

How to know if your are on the right track?

How to know if your are on the right track?
When experts say you are wrong.

It is good news that the 'market experts' doubt your project. If they say "you're crazy", your are on the right track, go ahead!

How many government employees work for the 3143 counties in the U.S.?

How many government employees work for the 3143 counties in the U.S.?

1,257,356  government employees work for the 3143 counties in the U.S.

Wednesday, October 23, 2013

Predictors of success

Predictors of success:

Motivation
Confidence
Pressure
Failure
Passion
Perseverance
Strict discipline
Unyielding demands
Constant learning
Learned creativity
Painful feedback

Why the FED believes that printing money helps its economy.

Why the FED believes that printing money helps its economy.

Military spending
683.7 billion

Wars future spending outside budget
3.7 trillion

Mandatory Spending
Social Security - $860 billion
Medicare - $524 billion
Medicaid - $304 billion
All other mandatory programs - $621 billion. These programs include TARP, Food Stamps, Unemployment Compensation, Child Nutrition and Tax Credits, Supplemental Security for the Disabled and Student Loans.

December 2011, there were approximately 2.79 million civil servants (civilian, i.e. non-uniformed) employed by the US Government.
Nineteen percent of federal employees earned salaries of $100,000 or more in 2009. The average federal worker's pay was $71,208 compared with $40,331 in the private sector.

Tuesday, October 22, 2013

How government chooses winners and losers

How government chooses winners and losers

SolarCity has never recorded a profit, but powered by subsidies, its stock price is $57


How To Know What Should Be Measured

How To Know What Should Be Measured

You should measure what you understand.

You should measure what you can visualize.

You should measure questions that have answers.

You should measure probabilities rather than anecdotes.

You should measure volume, velocity and variety.

Monday, October 21, 2013

Generational theft and thieving generation.

Generational theft and thieving generation.

A massive long-term problem.

The generational wealth transfer that benefits oldsters at the expense of the young.

While today's 65-year-olds will receive on average net lifetime benefits of $327,400, children born now will suffer net lifetime losses of $420,600 as they struggle to pay the bills of aging Americans.