ManagersRealm: February 2008 Archives

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Feb29	The Wisdom Of Peter Drucker -43 Gary Bourgeault February 29, 2008 Know More: Peter Drucker Peter Drucker Article, Peter Drucker Books, Peter Drucker Innovation, Peter Drucker Leadership, Peter Drucker Management, Peter Drucker Quote, Peter Drucker Quotes, Peter Drucker Theory, Peter Druker, Peter F Drucker, Peter Ferdinand Drucker "Intelligence, imagination, and knowledge are essential resources, but only effectiveness converts them into results. By themselves, they only set limits to what can be attained." One of the major problems with what Peter Drucker calls "brilliant people," is they confuse their brilliance and insight with achievement. It's one of the reasons people of extraordinary intelligence rarely succeed in being entrepreneurs. Usually they'll work for entrepreneurs. Now I know we can discuss different types of intelligences, and that wouldn't be inaccurate to do, but I'm talking the usual way of defining highly intelligent people, not all the subcategories out there. There's one thing Peter Drucker always focused on in his management writings, and that was being effective. Continue Reading Posted at 2:32 PM \| Permalink \| Comments
Feb28	Another Rogue Trader Stings Company: MF Global Gets Hit with $141.5 Million Loss Gary Bourgeault February 28, 2008 In an incident that doesn't fare well for MF Global (NYSE:MF), the company was stung by a rogue trader who cost them $141.5 million in losses before he was caught.Evan Dooley traded in wheat contracts far beyond his limit, and... Continue Reading Posted at 11:31 PM \| Permalink \| Comments
	AIG in $11.12 Billion in Write-Downs: Ends Quarter Bloodied with $5.29 Billion in Losses Gary Bourgeault February 28, 2008 If the news that American International Group Inc. (NYSE:AIG) had to write-down $11.12 billion, and ended the quarter with a loss of $5.29 billion isn't bad enough, the company said they expect to "report more unrealized market-valuation losses and impairment... Continue Reading Posted at 8:55 PM \| Permalink \| Comments
	Ford Recalling 470,000 Mustang Sports Cars for Air Bag Sensors. Fed also issues another Fire Warning for Cruise Control Switches Gary Bourgeault February 28, 2008 Ford Motor Co. (NYSE:F) was bombarded with bad news today, as not only was there news that owners of Mustangs from 2005-2008 needed to be brought in to repair air bag software, but the National Highway Traffic Safety Administration also... Continue Reading Posted at 4:46 PM \| Permalink \| Comments
Feb27	"Father of Modern Conservatism" William F. Buckley Dies at 82 Gary Bourgeault February 27, 2008 William F. Buckley, who many consider to be the father of modern conservatism, dies February 27 at the age of 82. Buckley started the National Review at the age of 29 in 1955. Talking of his death, the National Review... Continue Reading Posted at 3:34 PM \| Permalink \| Comments
Feb26	Dollar Falls Against 13 of the top 16 Currencies Gary Bourgeault February 26, 2008 The U.S. dollar went off the cliff again, as it fell against 13 of the 16 most-traded currencies in the world.With the Euro, the U.S. dollar fell to its lowest level since the Euro was instituted in 1999. It plunged... Continue Reading Posted at 11:25 PM \| Permalink \| Comments
	Is Gas in U.S. Headed for $4 by Spring? Gary Bourgeault February 26, 2008 With oil futures skyrocketing, some analysts are concerned the price of gas could end up reaching as high as $4 a gallon by spring. It's also not looking good for diesel, as it's hitting record prices almost daily.Today diesel hit... Continue Reading Posted at 7:37 PM \| Permalink \| Comments
	U.S. Economic Conditions Seem to be Getting Worse: Is Stagflation Next? Gary Bourgeault February 26, 2008 The economic news isn't getting any better, as inflation continues to take a big bite out of the economy. Some of the fastest rising prices are in consumer staples like medicine, food and energy. Wholesale inflation is growing at its... Continue Reading Posted at 6:22 PM \| Permalink \| Comments
	Terrorism Not Suspected in Florida Power Failure Gary Bourgeault February 26, 2008 Florida experienced a huge power failure today, with conflicting stories coming out on what caused the problem and how many people were affected by it.Some of the reasons for the conflict were because information was released from different agencies who... Continue Reading Posted at 3:45 PM \| Permalink \| Comments
	Herb Kelleher: The Method Behind His Madness - 141 Gary Bourgeault February 26, 2008 "Corporate Culture is the present manifestation of the past. It guides behavior, gives a sense of identity, tells the corporate story and is the glue that holds the organization together."One of the most important aspects of a company is the... Continue Reading Posted at 2:28 PM \| Permalink \| Comments
Feb25	MBIA Staves off Downgraded Ratings, Makes More Changes Gary Bourgeault February 25, 2008 MBIA and the market were relieved to hear the company kept its AAA credit rating from Standard & Poor's, and stocks surged as a result.In other moves the company decided to drop its quarterly dividend in order to save millions... Continue Reading Posted at 6:27 PM \| Permalink \| Comments
	Liz Claman Talks Business News and Fox Business Network Gary Bourgeault February 25, 2008 In an interview with Boston Magazine, Liz Claman talks about her rise through the ranks of overall reporting, and her eventual migration to business news, and ultimately to the Fox Business Network (NYSE:NWS-A).In her early days of local reporting, Liz... Continue Reading Posted at 5:19 PM \| Permalink \| Comments
Feb24	Ralph Nader Entry into Presidential Race has Democrats Terrified Again Gary Bourgeault February 24, 2008 While Democratic frontrunners Barack Obama and Hillary Clinton try to downplay the entry of Ralph Nader into the presidential race, in truth it seems they're more than concerned about his decision.Hillary Clinton reminded people in an interview that she believes... Continue Reading Posted at 7:31 PM \| Permalink \| Comments
	Economic News - February 24 Gary Bourgeault February 24, 2008 Click on headlines to go to storyShoppers will face larger bills When William Lapp, of US-based consultancy Advanced Economic Solutions, took the podium at the annual US Department of Agriculture conference, the sentiment was already bullish for agricultural commodities boosted by demand... Continue Reading Posted at 6:30 PM \| Permalink \| Comments
	Warren Buffett and Secrets of Management - 186 Gary Bourgeault February 24, 2008 Time after time, Buffett has listened to his gut instinct – and his vast research – to inform his business decisions.The idea of "gut instinct" makes me think of the saying that "the harder we work, the luckier we are."... Continue Reading Posted at 3:57 PM \| Permalink \| Comments
Feb23	Business and Financial News on the Web Gary Bourgeault February 23, 2008 Go to stories by clicking on HeadlinesRichard Branson: City to suffer without third runwaySir Richard Branson will warn today that London's status as a global financial centre will be threatened unless the Government approves the construction of a third runway... Continue Reading Posted at 8:07 PM \| Permalink \| Comments
	Sam and Amanda Marchant Have it Together Financially Gary Bourgeault February 23, 2008 At only 19-years-old, twin sisters Sam and Amanda Marchant have it together financially. The two are those who gained fame and fortune from their appearance on "Big Brother" in Britain.They sat down and talked with Mark Anstead of the Telegraph... Continue Reading Posted at 4:54 PM \| Permalink \| Comments
Feb22	General Motors Vice Chairman Bob Lutz Continues Heroic Stand Against Human-Caused Global Warming Hoax Gary Bourgeault February 22, 2008 It was interesting to see the goofball bloggers come out of the woodwork when General Motors Corp Vice Chairman Bob Lutz recently called global warming a "total crock of s---." He was cited as saying the comment when talking to... Continue Reading Posted at 9:06 PM \| Permalink \| Comments
	Wal-Mart Going Deeper in Health Market: Opening 400 In-Store Clinics by 2010 Gary Bourgeault February 22, 2008 When CheckUps, who had partnered with Wal-Mart to offer walk-in health clinics in the store, recently closed the doors at the 23 clinics they operated in Wal-Mart, it left the question of how Wal-Mart (NYSE:WMT) would respond. It didn't trouble... Continue Reading Posted at 6:24 PM \| Permalink \| Comments
	Creative, Online Ways Homeowners and Developers are Finding to Sell Their Houses Gary Bourgeault February 22, 2008 Business is nothing else, if it's not finding creative solutions to the problems people face. With that in mind, businesses are emerging on the Internet which cater to the problem of people being able to sell their homes in a... Continue Reading Posted at 1:41 PM \| Permalink \| Comments
Feb21	U.S. Embassy Under Attack in Belgrade - U.S Expresses Outrage Gary Bourgeault February 21, 2008 Outraged by the support of the United States and Western countries for the secession of Kosovo, Serbians attacked the U.S. embassy in Belgrade in protest. For some unknown reason, the embassy wasn't being guarded at the time of the attack.About... Continue Reading Posted at 4:15 PM \| Permalink \| Comments
	Inflation Now Rearing its Ugly Head, Will there be more Rate Cuts? Gary Bourgeault February 21, 2008 Inflation figures from the Labor Department show that prices over the last year have increased by 4.3 percent, while growing at a 6.8 percent annual rate over the last quarter. Most of the inflation is being driven by rising health... Continue Reading Posted at 1:57 PM \| Permalink \| Comments
Feb20	The Failure of the U.S. Educational System and what Businesses must do about it - "2 Million Minutes" Gary Bourgeault February 20, 2008 The release of the documentary "2 Million Minutes" by Bob Compton has resulted in the expected circling of the wagons by the U.S. educational system, which always does this when the incompetence and poor results are uncovered for the public... Continue Reading Posted at 2:28 PM \| Permalink \| Comments
Feb19	Crude Oil Passes $100 on Supply Concerns Gary Bourgeault February 19, 2008 Even though the demand for crude oil in the United States is slowing down, a number of factors on the supply side have investors bidding up the futures contracts, which rose by $4.51 to finish at a record $100.01 a... Continue Reading Posted at 3:32 PM \| Permalink \| Comments
Feb18	Steve Jobs: The Captain of Cool - 45 Gary Bourgeault February 18, 2008 "A lot of companies have chosen to downsize, and maybe that was the right thing for them. We chose a different path. Our belief was that if we kept putting great products in front of customers, they would continue to... Continue Reading Posted at 6:01 PM \| Permalink \| Comments
Feb17	California Slaughterhouse in Largest Beef Recall in U.S. History - Provided to School Lunch Programs Gary Bourgeault February 17, 2008 A California slaughterhouse is the recipient of the largest beef recall in U.S. history, with the U.S. Department of Agriculture recalling 143 million pounds of frozen beef. The slaughterhouse is also being investigated for abuse to animals. Westland/Hallmark Meat Co.... Continue Reading Posted at 4:40 PM \| Permalink \| Comments
Feb16	Walt Disney: A Man of Visions and Dreams - 8 Gary Bourgeault February 16, 2008 Walt's drive to perfect the art of animation was endless.An important aspect of Walt Disney in his continuous journey to perfect his art form, was that at the same time he wasn't afraid to put his current level of expertise... Continue Reading Posted at 3:39 PM \| Permalink \| Comments
Feb15	Consumer Confidence Drops to Lowest Level in 16 Years Gary Bourgeault February 15, 2008 A Reuters/ University of Michigan survey, found that consumer confidence has reached its lowest level in 16 years, as the consumer sentiment index fell to 69.6 as of the middle of February. Down from the 78.4 measured in January 2008.... Continue Reading Posted at 2:50 PM \| Permalink \| Comments
Feb14	The Jack Welch Management Mystique - 96 Gary Bourgeault February 14, 2008 Welch sat on no outside corporate boards and devoted virtually all his energy to running GE. The really great business leaders and managers live for their companies, as far as it being the sole professional focus they have. Jack Welch... Continue Reading Posted at 4:39 PM \| Permalink \| Comments
Feb13	U.S. Economic Surprise: Retail Sales Increase in January Gary Bourgeault February 13, 2008 A sigh of surprised relief came to the American economy, as retail sales rose in the U.S., battling the perception that the economy has already entered a recession.Leading the way for the 0.3 retail sales increase were clothing, autos and... Continue Reading Posted at 5:05 PM \| Permalink \| Comments
Feb12	Warren Buffett Makes Reinsurance Offer to Municipal Bond Insurers Gary Bourgeault February 12, 2008 The entrance of bond insurers into riskier ventures over the recent years has brought them to a place of doubtful ability to pay out if defaults continue to rise.Formerly bond insurers would focus for the most part on municipal bonds,... Continue Reading Posted at 3:05 PM \| Permalink \| Comments
Feb11	Andy Grove: Only the Paranoid Survive - 51 Gary Bourgeault February 11, 2008 "Grove has escaped natural selection by doing the evolving himself."Taking into account the ongoing rapid pace of change, whose acceleration will outpace the ability of most humans to handle, it forces us to ask the question of how we can... Continue Reading Posted at 4:39 PM \| Permalink \| Comments
Feb10	Oprah Winfrey: "We Are Each Responsible For Our Own Life" - 16 Gary Bourgeault February 10, 2008 "The big secret in life is that there is no big secret. Whatever your goal, you can get there if you're willing to work."This is one reason I personally like quotes so much, when you hear a really good one,... Continue Reading Posted at 4:12 PM \| Permalink \| Comments
Feb 9	Margaret Thatcher: The "Iron Lady" - 32 Gary Bourgeault February 9, 2008 "People think that at the top there isn't much room. They tend to think of it as an Everest. My message is that there is tons of room at the top." In the area of business, this is also very true.... Continue Reading Posted at 6:08 PM \| Permalink \| Comments
Feb 8	President Bush to Sign Economic Stimulus Plan Passed by Congress Gary Bourgeault February 8, 2008 After a week of negotiations and some give-and-take, Congress passed an economic stimulus plan Thursday, which President Bush has given the nod to signing.The plan, which costs $168 billion, attempts to bring relief across the board in an effort the... Continue Reading Posted at 4:28 PM \| Permalink \| Comments
Feb 6	The Wisdom Of Peter Drucker -42 Gary Bourgeault February 6, 2008 "...in a period of upheaval, such as the one we are living in, change is the norm."One of the things Peter Drucker was getting at is most people in business accept the fact that change is unavoidable, and that's true.... Continue Reading Posted at 3:50 PM \| Permalink \| Comments
Feb 5	Tyco 4th Quarter Earnings Exceed Expecations - Guidance Still Up Gary Bourgeault February 5, 2008 Tyco International reported its earnings for the fiscal first-quarter dropped by 54 percent from last year, although it included its electronics and healthcare businesses, which they divested of later on.Even with the big drop, Tyco (NYSE:TYC) exceeded expectations by a... Continue Reading Posted at 3:13 PM \| Permalink \| Comments
Feb 4	Herb Kelleher: The Method Behind His Madness - 140 Gary Bourgeault February 4, 2008 "If somebody said to me, Herb, I'd love to be a great coach or a great leader but I don't have the time to do it. My response to them would be, you don't have time to do anything else... Continue Reading Posted at 8:19 PM \| Permalink \| Comments
	Fox Business Network Running Under the Radar - For now! Gary Bourgeault February 4, 2008 With the numbers remaining very low for the Fox Business Channel (NWS-A), it's become somewhat of a non story at this time, as prime time viewers for the channel come in at only 15,000 on average. The business network has... Continue Reading Posted at 6:33 PM \| Permalink \| Comments
	Chrysler Temporarily Shutting Down Four Assembly Plants - 10,500 Workers Affected Gary Bourgeault February 4, 2008 When "Plastech Engineered Products Inc." declared bankruptcy last week, it was only a matter of time before the residual effects in the history were felt. That has now happened in relationship to Chrysler, which said as a result of the... Continue Reading Posted at 3:46 PM \| Permalink \| Comments
	Warren Buffett and Secrets of Management - 184 Gary Bourgeault February 4, 2008 "When others were acting and reacting to the stock market, Buffett was standing strong in his decisions."This is a continuation of the last post on Warren Buffett, in that it talks about self discipline in the area of business leadership.... Continue Reading Posted at 12:16 AM \| Permalink \| Comments
Feb 3	Steve Jobs: The Captain of Cool - 44 Gary Bourgeault February 3, 2008 “We said, ‘Well, if, you know, if the virus gets out, it’s only going to pollute 5 percent of the garden.’”Steve Jobs said this when he was working with the music industry to include their music in the iTunes store.... Continue Reading Posted at 6:21 PM \| Permalink \| Comments
	Why Hillary Clinton is Bad for American Workers Gary Bourgeault February 3, 2008 Hillary Clinton almost always refuses to offer practicals on what it is she proposes to do with certain policies, if you can even get a policy admission out of her.The one she hasn't drop is her drive to socialize American... Continue Reading Posted at 5:53 PM \| Permalink \| Comments
	Walt Disney: A Man of Visions and Dreams - 7 Gary Bourgeault February 3, 2008 "The early flop of The Alice Comedies inoculated Walt against fear of failure; he had risked it all three or four times in his life."The fact that Walt Disney learned how to operate without the hound of fear on his... Continue Reading Posted at 2:34 PM \| Permalink \| Comments
	The Jack Welch Management Mystique - 95 Gary Bourgeault February 3, 2008 "And a big part of the service GE is selling is itself."The vision that Jack Welch saw for General Electric (NYSE:GE), and to this day is paying huge dividends for the company, was the need to build up its service... Continue Reading Posted at 12:06 AM \| Permalink \| Comments
Feb 2	Andy Grove: Only the Paranoid Survive - 50 Gary Bourgeault February 2, 2008 "It's not personal. It's about an invisible third party: the truth. The truth is so precious and so hard to coax into view--surrounded by its bodyguard of politics and half-truths--that there is simply no time for fuzzy thinking."This is one... Continue Reading Posted at 10:06 PM \| Permalink \| Comments
	3M Expanding its Global Operations Gary Bourgeault February 2, 2008 As with any domestic company in the mature U.S. market, the way to growth is in its global efforts, no longer at home. 3M (NYSE:MMM) has been working on that over the years, and is now growing at an increasingly... Continue Reading Posted at 9:20 PM \| Permalink \| Comments
	Oprah Winfrey: "We Are Each Responsible For Our Own Life" - 15 Gary Bourgeault February 2, 2008 "The tremendous popularity of her program soon gave Winfrey ... opportunities."One thing many of us still have a difficult time with, especially as it relates to success, is how to manage it when it comes. When Oprah first got her... Continue Reading Posted at 12:55 PM \| Permalink \| Comments
	Margaret Thatcher: The "Iron Lady" - 31 Gary Bourgeault February 2, 2008 "It pays to know the enemy - not least because at some time you may have the opportunity to turn him into a friend."Margaret Thatcher was of course referring to politics here, but in business it's a vastly underrated skill.... Continue Reading Posted at 2:12 AM \| Permalink \| Comments
	Mississippi Politicians want to ban Serving Obese People at Restaurants Gary Bourgeault February 2, 2008 In a move that shows Mississippi legislators and politicians have way too much time on their hands, some have introduced a bill - No 282, which would illegalize restaurants licensed by the state from serving obese people. Introducing the legislation... Continue Reading Posted at 1:33 AM \| Permalink \| Comments
	Exxon Mobil Breaks Record for Quarterly, Annual Profits by U.S. Company Gary Bourgeault February 2, 2008 Exxon Mobil (NYSE:XOM) continues on its roll, as the company broke a record again for the quarterly and annual all-time profit for a U.S. company. They held the former record as well.For the quarter, the oil giant raked in $11.6... Continue Reading Posted at 1:11 AM \| Permalink \| Comments
Feb 1	The Wisdom Of Peter Drucker -41 Gary Bourgeault February 1, 2008 "Most discussions of decision making assume that only senior executives make decisions or that only senior executives' decisions matter. This is a dangerous mistake."Peter Drucker was absolutely correct here, and it is something still practiced and assumed in much of... Continue Reading Posted at 8:30 PM \| Permalink \| Comments
	U.S. Jobs Drop by 17 Percent, First Loss in Over 4 Years Gary Bourgeault February 1, 2008 For the first time in over four years, the U.S. economy has lost jobs, ending down for nonfarm payrolls by 17,000 in January. When considering some thought there was going to be an increase of 85,000 jobs, that's a little... Continue Reading Posted at 6:11 PM \| Permalink \| Comments

« January 2008 | Main | March 2008 »

Feb29	The Wisdom Of Peter Drucker -43 Gary Bourgeault February 29, 2008 Know More: Peter Drucker Peter Drucker Article, Peter Drucker Books, Peter Drucker Innovation, Peter Drucker Leadership, Peter Drucker Management, Peter Drucker Quote, Peter Drucker Quotes, Peter Drucker Theory, Peter Druker, Peter F Drucker, Peter Ferdinand Drucker "Intelligence, imagination, and knowledge are essential resources, but only effectiveness converts them into results. By themselves, they only set limits to what can be attained." One of the major problems with what Peter Drucker calls "brilliant people," is they confuse their brilliance and insight with achievement. It's one of the reasons people of extraordinary intelligence rarely succeed in being entrepreneurs. Usually they'll work for entrepreneurs. Now I know we can discuss different types of intelligences, and that wouldn't be inaccurate to do, but I'm talking the usual way of defining highly intelligent people, not all the subcategories out there. There's one thing Peter Drucker always focused on in his management writings, and that was being effective. Continue Reading Posted at 2:32 PM \| Permalink \| Comments
Feb28	Another Rogue Trader Stings Company: MF Global Gets Hit with $141.5 Million Loss Gary Bourgeault February 28, 2008 In an incident that doesn't fare well for MF Global (NYSE:MF), the company was stung by a rogue trader who cost them $141.5 million in losses before he was caught.Evan Dooley traded in wheat contracts far beyond his limit, and... Continue Reading Posted at 11:31 PM \| Permalink \| Comments
	AIG in $11.12 Billion in Write-Downs: Ends Quarter Bloodied with $5.29 Billion in Losses Gary Bourgeault February 28, 2008 If the news that American International Group Inc. (NYSE:AIG) had to write-down $11.12 billion, and ended the quarter with a loss of $5.29 billion isn't bad enough, the company said they expect to "report more unrealized market-valuation losses and impairment... Continue Reading Posted at 8:55 PM \| Permalink \| Comments
	Ford Recalling 470,000 Mustang Sports Cars for Air Bag Sensors. Fed also issues another Fire Warning for Cruise Control Switches Gary Bourgeault February 28, 2008 Ford Motor Co. (NYSE:F) was bombarded with bad news today, as not only was there news that owners of Mustangs from 2005-2008 needed to be brought in to repair air bag software, but the National Highway Traffic Safety Administration also... Continue Reading Posted at 4:46 PM \| Permalink \| Comments
Feb27	"Father of Modern Conservatism" William F. Buckley Dies at 82 Gary Bourgeault February 27, 2008 William F. Buckley, who many consider to be the father of modern conservatism, dies February 27 at the age of 82. Buckley started the National Review at the age of 29 in 1955. Talking of his death, the National Review... Continue Reading Posted at 3:34 PM \| Permalink \| Comments
Feb26	Dollar Falls Against 13 of the top 16 Currencies Gary Bourgeault February 26, 2008 The U.S. dollar went off the cliff again, as it fell against 13 of the 16 most-traded currencies in the world.With the Euro, the U.S. dollar fell to its lowest level since the Euro was instituted in 1999. It plunged... Continue Reading Posted at 11:25 PM \| Permalink \| Comments
	Is Gas in U.S. Headed for $4 by Spring? Gary Bourgeault February 26, 2008 With oil futures skyrocketing, some analysts are concerned the price of gas could end up reaching as high as $4 a gallon by spring. It's also not looking good for diesel, as it's hitting record prices almost daily.Today diesel hit... Continue Reading Posted at 7:37 PM \| Permalink \| Comments
	U.S. Economic Conditions Seem to be Getting Worse: Is Stagflation Next? Gary Bourgeault February 26, 2008 The economic news isn't getting any better, as inflation continues to take a big bite out of the economy. Some of the fastest rising prices are in consumer staples like medicine, food and energy. Wholesale inflation is growing at its... Continue Reading Posted at 6:22 PM \| Permalink \| Comments
	Terrorism Not Suspected in Florida Power Failure Gary Bourgeault February 26, 2008 Florida experienced a huge power failure today, with conflicting stories coming out on what caused the problem and how many people were affected by it.Some of the reasons for the conflict were because information was released from different agencies who... Continue Reading Posted at 3:45 PM \| Permalink \| Comments
	Herb Kelleher: The Method Behind His Madness - 141 Gary Bourgeault February 26, 2008 "Corporate Culture is the present manifestation of the past. It guides behavior, gives a sense of identity, tells the corporate story and is the glue that holds the organization together."One of the most important aspects of a company is the... Continue Reading Posted at 2:28 PM \| Permalink \| Comments
Feb25	MBIA Staves off Downgraded Ratings, Makes More Changes Gary Bourgeault February 25, 2008 MBIA and the market were relieved to hear the company kept its AAA credit rating from Standard & Poor's, and stocks surged as a result.In other moves the company decided to drop its quarterly dividend in order to save millions... Continue Reading Posted at 6:27 PM \| Permalink \| Comments
	Liz Claman Talks Business News and Fox Business Network Gary Bourgeault February 25, 2008 In an interview with Boston Magazine, Liz Claman talks about her rise through the ranks of overall reporting, and her eventual migration to business news, and ultimately to the Fox Business Network (NYSE:NWS-A).In her early days of local reporting, Liz... Continue Reading Posted at 5:19 PM \| Permalink \| Comments
Feb24	Ralph Nader Entry into Presidential Race has Democrats Terrified Again Gary Bourgeault February 24, 2008 While Democratic frontrunners Barack Obama and Hillary Clinton try to downplay the entry of Ralph Nader into the presidential race, in truth it seems they're more than concerned about his decision.Hillary Clinton reminded people in an interview that she believes... Continue Reading Posted at 7:31 PM \| Permalink \| Comments
	Economic News - February 24 Gary Bourgeault February 24, 2008 Click on headlines to go to storyShoppers will face larger bills When William Lapp, of US-based consultancy Advanced Economic Solutions, took the podium at the annual US Department of Agriculture conference, the sentiment was already bullish for agricultural commodities boosted by demand... Continue Reading Posted at 6:30 PM \| Permalink \| Comments
	Warren Buffett and Secrets of Management - 186 Gary Bourgeault February 24, 2008 Time after time, Buffett has listened to his gut instinct – and his vast research – to inform his business decisions.The idea of "gut instinct" makes me think of the saying that "the harder we work, the luckier we are."... Continue Reading Posted at 3:57 PM \| Permalink \| Comments
Feb23	Business and Financial News on the Web Gary Bourgeault February 23, 2008 Go to stories by clicking on HeadlinesRichard Branson: City to suffer without third runwaySir Richard Branson will warn today that London's status as a global financial centre will be threatened unless the Government approves the construction of a third runway... Continue Reading Posted at 8:07 PM \| Permalink \| Comments
	Sam and Amanda Marchant Have it Together Financially Gary Bourgeault February 23, 2008 At only 19-years-old, twin sisters Sam and Amanda Marchant have it together financially. The two are those who gained fame and fortune from their appearance on "Big Brother" in Britain.They sat down and talked with Mark Anstead of the Telegraph... Continue Reading Posted at 4:54 PM \| Permalink \| Comments
Feb22	General Motors Vice Chairman Bob Lutz Continues Heroic Stand Against Human-Caused Global Warming Hoax Gary Bourgeault February 22, 2008 It was interesting to see the goofball bloggers come out of the woodwork when General Motors Corp Vice Chairman Bob Lutz recently called global warming a "total crock of s---." He was cited as saying the comment when talking to... Continue Reading Posted at 9:06 PM \| Permalink \| Comments
	Wal-Mart Going Deeper in Health Market: Opening 400 In-Store Clinics by 2010 Gary Bourgeault February 22, 2008 When CheckUps, who had partnered with Wal-Mart to offer walk-in health clinics in the store, recently closed the doors at the 23 clinics they operated in Wal-Mart, it left the question of how Wal-Mart (NYSE:WMT) would respond. It didn't trouble... Continue Reading Posted at 6:24 PM \| Permalink \| Comments
	Creative, Online Ways Homeowners and Developers are Finding to Sell Their Houses Gary Bourgeault February 22, 2008 Business is nothing else, if it's not finding creative solutions to the problems people face. With that in mind, businesses are emerging on the Internet which cater to the problem of people being able to sell their homes in a... Continue Reading Posted at 1:41 PM \| Permalink \| Comments
Feb21	U.S. Embassy Under Attack in Belgrade - U.S Expresses Outrage Gary Bourgeault February 21, 2008 Outraged by the support of the United States and Western countries for the secession of Kosovo, Serbians attacked the U.S. embassy in Belgrade in protest. For some unknown reason, the embassy wasn't being guarded at the time of the attack.About... Continue Reading Posted at 4:15 PM \| Permalink \| Comments
	Inflation Now Rearing its Ugly Head, Will there be more Rate Cuts? Gary Bourgeault February 21, 2008 Inflation figures from the Labor Department show that prices over the last year have increased by 4.3 percent, while growing at a 6.8 percent annual rate over the last quarter. Most of the inflation is being driven by rising health... Continue Reading Posted at 1:57 PM \| Permalink \| Comments
Feb20	The Failure of the U.S. Educational System and what Businesses must do about it - "2 Million Minutes" Gary Bourgeault February 20, 2008 The release of the documentary "2 Million Minutes" by Bob Compton has resulted in the expected circling of the wagons by the U.S. educational system, which always does this when the incompetence and poor results are uncovered for the public... Continue Reading Posted at 2:28 PM \| Permalink \| Comments
Feb19	Crude Oil Passes $100 on Supply Concerns Gary Bourgeault February 19, 2008 Even though the demand for crude oil in the United States is slowing down, a number of factors on the supply side have investors bidding up the futures contracts, which rose by $4.51 to finish at a record $100.01 a... Continue Reading Posted at 3:32 PM \| Permalink \| Comments
Feb18	Steve Jobs: The Captain of Cool - 45 Gary Bourgeault February 18, 2008 "A lot of companies have chosen to downsize, and maybe that was the right thing for them. We chose a different path. Our belief was that if we kept putting great products in front of customers, they would continue to... Continue Reading Posted at 6:01 PM \| Permalink \| Comments
Feb17	California Slaughterhouse in Largest Beef Recall in U.S. History - Provided to School Lunch Programs Gary Bourgeault February 17, 2008 A California slaughterhouse is the recipient of the largest beef recall in U.S. history, with the U.S. Department of Agriculture recalling 143 million pounds of frozen beef. The slaughterhouse is also being investigated for abuse to animals. Westland/Hallmark Meat Co.... Continue Reading Posted at 4:40 PM \| Permalink \| Comments
Feb16	Walt Disney: A Man of Visions and Dreams - 8 Gary Bourgeault February 16, 2008 Walt's drive to perfect the art of animation was endless.An important aspect of Walt Disney in his continuous journey to perfect his art form, was that at the same time he wasn't afraid to put his current level of expertise... Continue Reading Posted at 3:39 PM \| Permalink \| Comments
Feb15	Consumer Confidence Drops to Lowest Level in 16 Years Gary Bourgeault February 15, 2008 A Reuters/ University of Michigan survey, found that consumer confidence has reached its lowest level in 16 years, as the consumer sentiment index fell to 69.6 as of the middle of February. Down from the 78.4 measured in January 2008.... Continue Reading Posted at 2:50 PM \| Permalink \| Comments
Feb14	The Jack Welch Management Mystique - 96 Gary Bourgeault February 14, 2008 Welch sat on no outside corporate boards and devoted virtually all his energy to running GE. The really great business leaders and managers live for their companies, as far as it being the sole professional focus they have. Jack Welch... Continue Reading Posted at 4:39 PM \| Permalink \| Comments
Feb13	U.S. Economic Surprise: Retail Sales Increase in January Gary Bourgeault February 13, 2008 A sigh of surprised relief came to the American economy, as retail sales rose in the U.S., battling the perception that the economy has already entered a recession.Leading the way for the 0.3 retail sales increase were clothing, autos and... Continue Reading Posted at 5:05 PM \| Permalink \| Comments
Feb12	Warren Buffett Makes Reinsurance Offer to Municipal Bond Insurers Gary Bourgeault February 12, 2008 The entrance of bond insurers into riskier ventures over the recent years has brought them to a place of doubtful ability to pay out if defaults continue to rise.Formerly bond insurers would focus for the most part on municipal bonds,... Continue Reading Posted at 3:05 PM \| Permalink \| Comments
Feb11	Andy Grove: Only the Paranoid Survive - 51 Gary Bourgeault February 11, 2008 "Grove has escaped natural selection by doing the evolving himself."Taking into account the ongoing rapid pace of change, whose acceleration will outpace the ability of most humans to handle, it forces us to ask the question of how we can... Continue Reading Posted at 4:39 PM \| Permalink \| Comments
Feb10	Oprah Winfrey: "We Are Each Responsible For Our Own Life" - 16 Gary Bourgeault February 10, 2008 "The big secret in life is that there is no big secret. Whatever your goal, you can get there if you're willing to work."This is one reason I personally like quotes so much, when you hear a really good one,... Continue Reading Posted at 4:12 PM \| Permalink \| Comments
Feb 9	Margaret Thatcher: The "Iron Lady" - 32 Gary Bourgeault February 9, 2008 "People think that at the top there isn't much room. They tend to think of it as an Everest. My message is that there is tons of room at the top." In the area of business, this is also very true.... Continue Reading Posted at 6:08 PM \| Permalink \| Comments
Feb 8	President Bush to Sign Economic Stimulus Plan Passed by Congress Gary Bourgeault February 8, 2008 After a week of negotiations and some give-and-take, Congress passed an economic stimulus plan Thursday, which President Bush has given the nod to signing.The plan, which costs $168 billion, attempts to bring relief across the board in an effort the... Continue Reading Posted at 4:28 PM \| Permalink \| Comments
Feb 6	The Wisdom Of Peter Drucker -42 Gary Bourgeault February 6, 2008 "...in a period of upheaval, such as the one we are living in, change is the norm."One of the things Peter Drucker was getting at is most people in business accept the fact that change is unavoidable, and that's true.... Continue Reading Posted at 3:50 PM \| Permalink \| Comments
Feb 5	Tyco 4th Quarter Earnings Exceed Expecations - Guidance Still Up Gary Bourgeault February 5, 2008 Tyco International reported its earnings for the fiscal first-quarter dropped by 54 percent from last year, although it included its electronics and healthcare businesses, which they divested of later on.Even with the big drop, Tyco (NYSE:TYC) exceeded expectations by a... Continue Reading Posted at 3:13 PM \| Permalink \| Comments
Feb 4	Herb Kelleher: The Method Behind His Madness - 140 Gary Bourgeault February 4, 2008 "If somebody said to me, Herb, I'd love to be a great coach or a great leader but I don't have the time to do it. My response to them would be, you don't have time to do anything else... Continue Reading Posted at 8:19 PM \| Permalink \| Comments
	Fox Business Network Running Under the Radar - For now! Gary Bourgeault February 4, 2008 With the numbers remaining very low for the Fox Business Channel (NWS-A), it's become somewhat of a non story at this time, as prime time viewers for the channel come in at only 15,000 on average. The business network has... Continue Reading Posted at 6:33 PM \| Permalink \| Comments
	Chrysler Temporarily Shutting Down Four Assembly Plants - 10,500 Workers Affected Gary Bourgeault February 4, 2008 When "Plastech Engineered Products Inc." declared bankruptcy last week, it was only a matter of time before the residual effects in the history were felt. That has now happened in relationship to Chrysler, which said as a result of the... Continue Reading Posted at 3:46 PM \| Permalink \| Comments
	Warren Buffett and Secrets of Management - 184 Gary Bourgeault February 4, 2008 "When others were acting and reacting to the stock market, Buffett was standing strong in his decisions."This is a continuation of the last post on Warren Buffett, in that it talks about self discipline in the area of business leadership.... Continue Reading Posted at 12:16 AM \| Permalink \| Comments
Feb 3	Steve Jobs: The Captain of Cool - 44 Gary Bourgeault February 3, 2008 “We said, ‘Well, if, you know, if the virus gets out, it’s only going to pollute 5 percent of the garden.’”Steve Jobs said this when he was working with the music industry to include their music in the iTunes store.... Continue Reading Posted at 6:21 PM \| Permalink \| Comments
	Why Hillary Clinton is Bad for American Workers Gary Bourgeault February 3, 2008 Hillary Clinton almost always refuses to offer practicals on what it is she proposes to do with certain policies, if you can even get a policy admission out of her.The one she hasn't drop is her drive to socialize American... Continue Reading Posted at 5:53 PM \| Permalink \| Comments
	Walt Disney: A Man of Visions and Dreams - 7 Gary Bourgeault February 3, 2008 "The early flop of The Alice Comedies inoculated Walt against fear of failure; he had risked it all three or four times in his life."The fact that Walt Disney learned how to operate without the hound of fear on his... Continue Reading Posted at 2:34 PM \| Permalink \| Comments
	The Jack Welch Management Mystique - 95 Gary Bourgeault February 3, 2008 "And a big part of the service GE is selling is itself."The vision that Jack Welch saw for General Electric (NYSE:GE), and to this day is paying huge dividends for the company, was the need to build up its service... Continue Reading Posted at 12:06 AM \| Permalink \| Comments
Feb 2	Andy Grove: Only the Paranoid Survive - 50 Gary Bourgeault February 2, 2008 "It's not personal. It's about an invisible third party: the truth. The truth is so precious and so hard to coax into view--surrounded by its bodyguard of politics and half-truths--that there is simply no time for fuzzy thinking."This is one... Continue Reading Posted at 10:06 PM \| Permalink \| Comments
	3M Expanding its Global Operations Gary Bourgeault February 2, 2008 As with any domestic company in the mature U.S. market, the way to growth is in its global efforts, no longer at home. 3M (NYSE:MMM) has been working on that over the years, and is now growing at an increasingly... Continue Reading Posted at 9:20 PM \| Permalink \| Comments
	Oprah Winfrey: "We Are Each Responsible For Our Own Life" - 15 Gary Bourgeault February 2, 2008 "The tremendous popularity of her program soon gave Winfrey ... opportunities."One thing many of us still have a difficult time with, especially as it relates to success, is how to manage it when it comes. When Oprah first got her... Continue Reading Posted at 12:55 PM \| Permalink \| Comments
	Margaret Thatcher: The "Iron Lady" - 31 Gary Bourgeault February 2, 2008 "It pays to know the enemy - not least because at some time you may have the opportunity to turn him into a friend."Margaret Thatcher was of course referring to politics here, but in business it's a vastly underrated skill.... Continue Reading Posted at 2:12 AM \| Permalink \| Comments
	Mississippi Politicians want to ban Serving Obese People at Restaurants Gary Bourgeault February 2, 2008 In a move that shows Mississippi legislators and politicians have way too much time on their hands, some have introduced a bill - No 282, which would illegalize restaurants licensed by the state from serving obese people. Introducing the legislation... Continue Reading Posted at 1:33 AM \| Permalink \| Comments
	Exxon Mobil Breaks Record for Quarterly, Annual Profits by U.S. Company Gary Bourgeault February 2, 2008 Exxon Mobil (NYSE:XOM) continues on its roll, as the company broke a record again for the quarterly and annual all-time profit for a U.S. company. They held the former record as well.For the quarter, the oil giant raked in $11.6... Continue Reading Posted at 1:11 AM \| Permalink \| Comments
Feb 1	The Wisdom Of Peter Drucker -41 Gary Bourgeault February 1, 2008 "Most discussions of decision making assume that only senior executives make decisions or that only senior executives' decisions matter. This is a dangerous mistake."Peter Drucker was absolutely correct here, and it is something still practiced and assumed in much of... Continue Reading Posted at 8:30 PM \| Permalink \| Comments
	U.S. Jobs Drop by 17 Percent, First Loss in Over 4 Years Gary Bourgeault February 1, 2008 For the first time in over four years, the U.S. economy has lost jobs, ending down for nonfarm payrolls by 17,000 in January. When considering some thought there was going to be an increase of 85,000 jobs, that's a little... Continue Reading Posted at 6:11 PM \| Permalink \| Comments

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