Is there anything else you would add to the list?

How are we feeling?
Not so hot. At year’s end, only 30% of U.S. voters think the country is heading in the right direction; that’s the lowest proportion since February, though it’s still 13 points higher than a year ago. 71% of voters say they are “very angry†or “somewhat angry†about the current state of national affairs (Rasmussen). Consumer confidence has fallen to a four-month low, and the proportion of Americans who say they are satisfied with their jobs dipped below 50%, with many citing job insecurity along with the lack of new job opportunities. Only 10% believe that now is a good time to find a quality job (Gallup).
What has been the recession’s toll?
It has changed the way many of us live. 90% of Americans say they are watching their spending more closely than ever, and 71% say they have cut back on how much they spend every week (Gallup). 62% are buying generic brands to save money; 36% are going to the hairdresser or barber less often; 29% have canceled one or more magazine subscriptions; 20% have cut down on dry cleaning; and 19% have stopped buying coffee each morning. 58% say they curtailed or canceled summer vacations this year, and 46% plan on spending less on Christmas (Harris).
What else do we worry about?
63% of Americans are concerned about the swine flu (Ipsos), but about the same number say they haven’t gotten the vaccine and don’t plan to (ABC News). Other issues that have kept us up at night (literally) include health care (cited by 8%), the wars in Iraq and Afghanistan (6%), and global warming (3%) (National Sleep Foundation). On the question of climate change, 42% believe that major lifestyle changes are needed to save the environment (Rasmussen). 63% say they have undertaken such “green’’ measures as recycling more and making their homes more energy-efficient. But only 16% ride a bicycle, carpool, or use public transportation. And those who believe that the release of carbon dioxide and other gases has led to global warming dropped to 51%, from 71% two years ago (Harris).
What keeps us going?
42% of Americans attend a house of worship nearly every week, and 65% say religion is important in their daily lives (Gallup). While we love our families, our pets are up there, too—58% of pet owners would be willing to perform “mouth to snout†resuscitation on their dog or cat in a medical emergency (Associated Press–Petside.com). And we love to eat, though despite the increasing prevalence of obesity, the proportion of Americans who describe themselves as overweight has dropped from 36% in 2004 to 30% this year (Ipsos). 29% of Americans drink alcohol at least once a week, while 6% admit to drinking daily (Harris). 42% of Americans have smoked marijuana at least once (World Health Organization). We also spend an increasing amount of our time texting one another. Americans on average now send and receive twice as many text messages as phone calls; teens send and receive an average of 1,742 text messages per month (Nielsen). More than a quarter of people ages 14 to 24 say they have engaged in “sextingâ€â€”electronically sharing sexually explicit photos or videos of themselves (Associated Press/MTV).
Is it all so bleak?
No. Despite the hard times, Americans have not lost their optimistic streak. 88% say that, on balance, they are “satisfied†with their lives, and 54% believe their personal situation will improve over the next five years (Harris). Among the millions who have lost their jobs, 22% say they appreciate the opportunity to spend more time with friends and family, 15% are fixing up their homes, and 14% say they are exercising more (CareerBuilder.com). And while the widespread optimism that greeted the election of the first black president has waned, 40% of Americans say that Barack Obama’s presidency has improved race relations in the U.S., while 60% expect that race relations will improve in the years ahead (USA Today/Gallup). 95% of us say we are “proud to be an Americanâ€â€”close to the record-high 97% registered in the wake of 9/11 (Harris).
Source: The Week Magazine
Amazing Grace Techno – Computer Controlled Christmas Lights from Richard Holdman on Vimeo.
To follow up on Tuesday’s post and continuing in the holiday spirit of being “fair and balanced”, I submit to you Neil’s Shopping Tips for Men…
Why not a little humor for the Christmas Week? Today’s entry comes from Fox Business and the one and only Neil Cavuto. Don’t worry, to be “fair and balanced” I will also publish his Shopping Tips for Men. Enjoy!
When Eileen Naughton was president of the Time Inc. magazine group, she got the news one afternoon that her young son had a genetic disorder that would prevent him from leading a normal life. Ms. Naughton, who was pregnant, also received a warning that her unborn daughter might be at risk. Before the news came through, Ms. Naughton’s biggest concern had been a speech she was scheduled to give the next day at an annual management meeting with the chairman sitting in the front row. The prospect had terrified her. Then the medical news she received put everything in perspective.
Ms. Naughton, now an executive at Google, is one of the women profiled in “How Remarkable Women Lead” (Crown Business, 355 pages, $27.50) an exploration of the traits that have helped a handful of women rise to the top in business, government and other fields, often while coping with personal and professional challenges. Written by two McKinsey & Co. consultants, Joanna Barsh and Susie Cranston, it is one of a trio of new books intended to help women navigate the still rocky road to success and achieve some kind of work-life balance.
Of the three, “How Remarkable Women Lead” is the most ambitious. It uses research from a five-year project to create a model for women to use in planning their careers. “Women, Work and the Art of Savoir Faire” (Atria Books, 261 pages, $24.99) is a more light-hearted affair. Written by Mireille Guiliano, the author of “French Women Don’t Get Fat” (2004), the book explores “business sense and sensibility,” offering wardrobe advice, entertaining and style tips, and even recipes for entertaining clients at home. (Chicken Provencal With Muscat Beaumes-de-Venise may be easier to cook than it sounds.)
The third book, Karine Moe and Dianna Shandy’s “Glass Ceilings and 100-Hour Couples” (University of Georgia, 215 pages, $19.95) looks at the flip-side of ambition and the repercussions of the “opt-out” phenomenon—women who jump off the workplace treadmill to become stay-at-home mothers after the reality of trying to “have it all” sets in.
These books were clearly conceived in better times, when choosing a fulfilling job or opting out to pursue full-time motherhood was the luxury of a booming economy. Now, of course, for millions of people—men and women alike—just holding onto a job or finding a new one is paramount. Some of the women profiled in “How Remarkable Women Lead” are now out of work themselves, and others are presiding over layoffs, downsizings and the effects of shrinking industries.
As for progressive companies that once embraced female-friendly flexible work hours and liberal leaves for family responsibilities, many are rethinking their policies. Such perks “are among the first to be cut under economic constraints,” according to Ms. Moe and Ms. Shandy in “Glass Ceilings.”
“How Remarkable Women Lead” has the whiff of a self-actualization treatise, but the McKinsey team, to its credit, does try to dissect what it is about women that sometimes holds them back in business. Women tend to take criticism personally, we’re told, rather than use feedback about poor performance as a source of insight and an aid to getting ahead. Women’s fear of speaking up in meetings allows men to dominate conversations, and (as studies show) women aren’t as adept at negotiating their compensation.
Another brake on career advancement, according to the McKinsey authors, is the tendency to build relationships based on friendship with like-minded individuals. Women may not be as skilled as men in building a broader, if shallower, network of colleagues and contacts. Ms. Barsh and Ms. Cranston note that men are also better at reciprocity—”you scratch my back and I’ll scratch yours”—which helps them make casual connections that are overtly transactional yet powerful, because both parties benefit. Women, by contrast, don’t like to impose on friends and so must be coached to think about strategic alliances.
To be effective leaders, though, women can tap into “feminine” strengths and exploit some of the “softer” aspects of office interaction. The ability to develop deep, authentic connections can also help women find mentors and sponsors to advance their careers and provide counsel.
“How Remarkable Women Lead” offers some interesting ideas, such as learning to frame events in a positive light and to adapt to setbacks with optimism rather than self-doubt and pessimism. But some of the book’s interviews with top executives—like Avon’s Andrea Jung, Xerox’s Anne Mulcahy and former Qantas chairman Margaret Jackson—are long on platitudes and short on the details of how these business leaders handled various challenges.
We learn that Ms. Jackson was hospitalized during a takeover bid for Qantas and gave an ill-advised quote about the bid to a journalist. But the authors don’t offer specifics— even though Ms. Jackson’s illness (deep-vein thrombosis) and what she actually said (a supporter of the take-over, she suggested that certain opponents had “mental problems with how the market works”) were widely reported at the time.
Ms. Naughton’s story at Time Inc.—her job was eliminated in a cost-cutting purge after Time Warner’s ill-fated merger with AOL, but she landed on her feet at Google— gives more insight into how to handle adversity. Her conclusion is that balance in life may not be achievable; the best that women can hope for is “organized disequilibrium.”
Mireille Guiliano, the former chief executive of French Champagne maker Veuve Clicquot, echoes many of the points made by Ms. Barsh and Ms. Cranston. But Ms. Guiliano’s “Women, Work and the Art of Savoir Faire” also offers a soupcon of practical guidance about getting ahead in business. Pick well-known companies to work for, she advises, and gain experience in a position with bottom-line responsibilities and a direct tie to revenue. These are no doubt good ideas—for those who find themselves in a position to snare such jobs.
Ms. Guiliano is at her most comfortable dispensing tips on style, wardrobe and business entertaining. Liberally sprinkling French phrases along the way (bien dans se peau—be comfortable in your own skin), she notes that women, much more than men, are judged by their appearance. For Ms. Guiliano the cardinal sin for any woman trying to get ahead is a lack of personal style—bad hair, for instance, or wearing flip-flops, jeans or see-through tops to work. (Twentysomethings, take note.)
A common thread in the three books is practical advice about taking care of yourself, advice that is as applicable to men as to women: getting enough sleep, rest and exercise; making sure that you take all your allotted vacation time. The authors also ask women to keep in mind a variety of self-protective measures, like taking safety precautions when traveling alone or, for married couples when the wife quits her job to pursue full-time parenting, signing a post-nuptial agreement to divide assets evenly.
The books agree that working women who are mothers usually have a second shift—they are the primary caregivers even when both spouses work. “Glass Ceilings and 100-Hour Couples” is especially sobering in its depiction of the challenges that women face in two-career families. Drawing on interviews, survey data and labor statistics, Ms. Moe and Ms. Shandy conclude that gender discrimination subtly pushes women with children out of the labor force.
Even when women stay on the job, they may find that having children limits their advancement. Women adapt by taking “bias avoidance” actions, like not requesting a reduced workload when they need it or hiding the fact that they are leaving work early to take a child to the doctor. At higher corporate levels, Ms. Moe and Ms. Shandy show, only 24% of women believe that they can turn down a work opportunity for family reasons without hurting their career. Most executive jobs, the authors conclude, remain structured for a stereotypical working man with a wife taking care of domestic matters.
When a woman does opt out of her career after deciding that the family can live on her husband’s income, the move doesn’t have to be the end of her engagement with the wider world, according to “Glass Ceilings.” Many professional women who become “stay-at-home” moms aren’t really staying home—they’re running with a pack of other smart women who have done the same thing, building social networks, serving in schools, helping their communities.
Not a bad way to for such women to keep their leadership skills honed—in case they decide to go back to work one day or start their own businesses. With the economy starting to warm up again, returning to the corporate world may soon be easier. “Glass Ceilings” makes a prediction: Before long, businesses will see the folly of under-using a powerful resource and will design policies that better accommodate capable, educated women who happen to have children.
Source: Wall Street Journal
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Celebrity chef Gordon Ramsay has built a reality-television empire with his abrasive style, ready arsenal of barbed insults and propensity for four-letter words. It all adds up to great television. But in the case of Kitchen Nightmares, which focuses on Ramsay’s attempts to save failing restaurants, the entertainment is also packed with entrepreneurial insight.
“I like the show,” says Janine Popick at the Vertical Response blog, “because he gets down into the inner workings of a small business and peels away the onion to find any issues that might be hampering the business from growing.”
She finds six business lessons in the story arc of each episode. Here are some:
Ramsay starts with an honest assessment of the situation. You cannot fix something until you know what’s wrong, and he always begins by observing a typical lunch or dinner service. Most are, predictably, disastrous. “He also takes to the streets,” notes Popick. “[I]n many shows he walks the streets of the town to observe other restaurants and he’ll stop people and ask what they think about the restaurant he’s trying to help.”
He then identifies, and tries to rectify, fundamental problems. A strong business is built on a strong foundation. Disturbingly, almost all of the restaurants on Kitchen Nightmares share one failure in common: filthy kitchens that must be cleaned before anything else can happen. Beyond that, Ramsay addresses the unique mix of issues challenging each restaurant—everything from poor leadership to overambitious menus to subpar chefs.
The Po!nt: Whatever you think of Gordon Ramsay, you just might benefit from his simple formula for jumpstarting a struggling business.
Source: Marketing Profs