Archive for the ‘TILE Blog’ Category

How the Stock Market Reacts to a Natural Disaster

Friday, March 18th, 2011


(photo credit: ehnmark)

After so much media coverage devoted to showing videos of water swallowing up cities, we were interested to see this Reuters article from Monday about the financial implications of Japan’s bad luck.

The article describes a stock market operating under very rare conditions, and some of the news was really surprising. For example, this is the worst hit the market has taken in two years… but it’s the worst natural disaster the country has ever seen. Why didn’t the markets totally crash?

As a matter of fact, some stocks and sectors were actually doing very well on Monday. Here are some interesting facts from the report:

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Gen Y Gets a Job: Pretty Young Professional Talks with TILE

Wednesday, March 16th, 2011

What do you do when your fancy degree gets you a job answering the phone and filing papers for someone else?

Amanda Pouchot and Kathryn Minshew from prettyyoungprofessional.com have some helpful advice.

Smart Philanthropy in the Wake of a Disaster

Wednesday, March 16th, 2011


(photo credit: Kei!)

When something really bad happens in the world, we all feel hurt. And helping each other out is one of the best ways to alleviate that pain. But that common sense advice about not shopping when you’re hungry and not investing when you’re anxious also applies to giving.

Saundra Schimmelpfennig at the Chronicle of Philanthropy shared some advice on how to give smart in an urgent time of need. She encourages “disaster philanthropists” to think carefully before pledging their money to an emotionally compelling cause.

Here are some of her points that we think are especially important:

  • Make sure the organization you’re donating to actually has permission to operate in the affected area. (This is a no-brainer, but some governments refuse or limit access to foreign aid organizations.)
  • Consider giving to organizations that were operating successfully in-country before the disaster. They may have more resources and connections than many of the big-name international nonprofits.
  • Don’t be sucked in by projects that tug at your heartstrings. Sure, donating to an animal shelter seems like the natural thing to do after seeing this picture, but does directing your resources there really address the most critical needs on the ground?
  • Give aid organizations the freedom to choose what your donation pays for. They know better than you what the most important projects are.
  • Don’t forget about the disaster as soon as the news outlets do. Most of the expense and hard work happens after the initial emergency relief efforts end. Rebuilding houses, schools, communities, and lives can take years. Your donation will mean just as much in six months as it does today.

Ready to make an impact? Text a friend and ask them to donate with you. With two researchers on the job, you can probably find a perfect organization – and double your donation in the process!

Want to help? Stop talking and roll up your sleeves.

Tuesday, March 15th, 2011


Japan 2011 © JIJI PRESS

Even when disasters happen in far-away places, you can still help. Donating money is a great place to start, but don’t stop there. Hosting a fundraiser is as easy as inviting some friends over for lunch or making a page on crowdrise.org.

And Alanna Shaikh says that volunteering in your hometown is a lot more valuable than you might think:

“There is a lot of work at aid agency headquarters that can be done by committed volunteers, and that work often has a huge impact. Everything that a volunteer does pushes down overhead costs and frees up money for the organization to spend on international relief.

I was an Oxfam American volunteer back in the day, and I helped transcribe field interviews for qualitative surveys, edit and format documents, and prepare press releases. It was interesting work, and it was part of what led me to the work I do now. At International Medical Corps, our volunteers drafted situation reports, answered correspondence, and did literature reviews, among other things.”

Check out DoSomething.org, idealist.org, or the website of your favorite aid organization to get some ideas.

Today at TILE: Japan

Monday, March 14th, 2011

Today at TILE we talked about the devastating earthquake and tsunami that hit Japan last Friday. Appropriately, everyone is focusing their attention on saving lives, containing nuclear radiation from damaged reactors, and doing everything they can to help. But after the initial rubble is cleared, what are the potential aftershocks to the Japanese economy? Will more than just buildings and towns need to be rebuilt? How can we help from so far away?

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The Invisible Economy

Friday, March 11th, 2011


(photo credit: mi55er)

How much is an hour of bathroom cleaning worth? What about 24 hours of child care? How much would you be paid to do these things in another person’s home?

How about in your own home?

According to a new international study, the “unpaid economy” - jobs like food shopping, washing up, and getting the kids to bed – would represent about a third of a nation’s total economy if it were paid.

The Organisation for Economic Cooperation and Development looked for signs of gender equality in this unpaid work, which was traditionally done only by women.

They found that even though men have come a long way toward helping out with these tasks, they’re still not likely to spend as much time on them as women do… even if they’re unemployed.

Bring THAT to your next macroeconomics class.

Whoa… we always knew TILE could make you prosper, but it might actually make you live longer, too!

Wednesday, March 9th, 2011


(photo credit: Andy Welsher)

A new study on longevity reveals that (shocker) slacking off and not caring about anything will probably make you die faster.

“What characterized the people who thrived is a combination of their own persistence and dependability and the help of other people,” Friedman says. The young adults who were thrifty, persistent, detail-oriented and responsible lived the longest.

Time to work on that financial plan you’ve been putting off, no?

Random Young Writer Making a Killing in the Kindle Store

Wednesday, March 9th, 2011


Amanda Hocking (photo courtesy Business Insider)

Technology changes everything, again.

Amanda Hocking is living the dream: she’s in her mid-twenties, writing what she wants to write, and making a serious profit without any of the usual middlemen. No publishers, no editors, no marketers, no book-signing tours.

The Kindle store allows her to connect directly with readers, who sometimes pay only a dollar to download her work. But multiply one dollar by 100,000 downloads, and then imagine taking home 70% of that. (Amazon keeps the rest.)

This is good news for young writers looking to make a name (and a profit) for themselves, but what about all those people who make their living as publishers, editors, and marketers?

Where your tax dollars are going in 2012…

Tuesday, March 8th, 2011


The United States Budget Proposal for 2010

Click on the image to see the whole thing.

What would YOUR budget look like if it were stuck into a sweet infographic?

Are college students too “foolish” to vote?

Monday, March 7th, 2011

If you ask some politicians, they are. And they’re mucking up the whole political system, dag-nabbit. According to a Washington Post article, some Republican lawmakers have had it up to here with whipper-snappers voting with their feelings.

Average taxpayers in college towns, [Sorg] said, are having their votes “diluted or entirely canceled by those of a huge, largely monolithic demographic group . . . composed of people with a dearth of experience and a plethora of the easy self-confidence that only ignorance and inexperience can produce.”

Their “youthful idealism,” he added, “is focused on remaking the world, with themselves in charge, of course, rather than with the mundane humdrum of local government.”

– New Hampshire State Rep. Gregory Sorg

The solution? Proposals differ from state to state, but basically every voter would be required to show ID or proof of residence in order to vote. That would mean anyone without an appropriate ID would have to get one.

But identification costs money! That’s unconstitutional! It’s akin to the poll tax used to disenfranchise African-American voters in the 19th century!

What does this have to do with me and my money, you say? Well, since state governments can’t legally force people to buy the right (or the ID) to vote, taxpayers would have to absorb the costs.

And according to one estimate, the state of Wisconsin alone would have to pony up $2.7 million just to provide valid identification cards to voters who do not currently have them.

What do you think? Do you want to pay for that? Or are you too foolish to know?