Archive for the ‘TILE Translations’ Category

Environmental Damage, Illuminated By Trendy Bulbs

Tuesday, June 8th, 2010

The modern Green Movement has been called trendy, popular, and fashionable. But what’s the deal with popular, fashionable trends that aren’t green?

  • The latest trend to sweep restaurants of New York, San Francisco, and beyond is the exposed-filament light bulb: a reproduction of Edison’s first light that happens to consume massive quantities of energy.
  • From hip hangouts to sophisticated venues, restaurant owners around the world are drawn to the industrial style, warm glow, and nostalgic quality of the bulb.
  • Reproductions of Edison’s carbon filament bulb have been around for almost 50 years, but did not become noticeably trendy until 2003.

Facts & Figures

  • The exposed-filament light bulb is the least efficient light bulb in the world, with some types using 5 to 10 times more power than other bulb options on the market.
  • Exposed-filament bulbs are sold at home decor stores for $9 to $20 each.
  • Upscale restaurant lighting budgets often reach six figures.

Best Quote

“You can’t on the one hand brag how green you are by serving organic beer and locally grown produce while you are lighting your business with the least efficient light bulbs available in the world.” – Noah Horowitz, Senior Scientist, The Environmental Group

BP’s Forecast: Cloudy At Best

Tuesday, June 8th, 2010

Bankers, lawyers, and Wall Street are all anticipating the oil superpower’s next move. The consensus? Bankruptcy.

  • Between the rapidly declining value of BP shares, the cleanup costs, and the anticipated lawsuits from gulf fisherman and tourism companies, it seems likely that BP is being primed for a takeover.
  • Who’s interested? Both Shell and Exxon have the means to buy BP, and bankers believe now is the time to strike. Only problem is how to separate the deal from all the legal exposure.
  • BP’s chief executive, Tony Hayward, insists that BP will foot the whole bill.
  • According to the Oil Pollution Act of 1990, BP’s financial responsibility for the cleanup is capped at $75 million. But if it’s determined that safety regulations were violated (which is very likely), the cap is no longer relevant.

Facts & Figures

  • BP has lost more than a third of its value since the Deepwater Horizon catastrophe.
  • BP generated nearly $17 billion of profit last year.
  • One estimate of the BP cleanup bill is more than $40 billion.
  • If a court rules against the company, the cost of the spill could skyrocket into the hundreds of billions, almost guaranteeing the end of  BP.

Best Quote

“The strength of cash-flow generation in recent quarters has provided us with a balance sheet that allows us to fully take on the responsibility for the Gulf of Mexico response.” – Tony Hayward, Chief Executive of BP

In The Future, There May Be Fewer Doctors, More Patients

Monday, June 7th, 2010

Access to adequate medical care is a serious problem in the developing world. But could the U.S. face a similar crisis?

  • Some major medical associations are warning that there may be a deficiency of tens of thousands of doctors as soon as 2020, especially in traditionally underserved areas like inner cities and rural towns.
  • There are many reasons for this: an uneven concentration of specialists in certain fields due to compensation differences, an aging population with unique and extensive medical needs, an increasing overall population, and increased access to medical care thanks to health care reform.
  • But not everyone agrees that the problem is so dire – there are doctors who suggest that this warning is simply an attempt by medical training institutions to demand more funding.

Facts & Figures

  • For a 30-minute office visit, Medicare will pay a general physician $103.42; it will pay $449.44 for a colonoscopy performed in the same amount of time.
  • Between 2000 and 2030, the number of Americans over 65 will double.
  • The Health Resources and Services Administration estimates that by the year 2020, there will be a deficit of 65,560 primary-care physicians.

Best Quote

“When we talk about a shortage, we are looking at the current way we provide care to people and say it has to be provided by a primary care physician. From community health workers to other services provided by physician assistants and nurse practitioners, so much of what can be addressed in terms of routine care can be performed by others.” – Kevin Barnett, Senior Investigator, Public Health Institute (Oakland, CA)

Does Hummus Really Even Need To Advertise?

Monday, June 7th, 2010

Apparently there are people out there for whom hummus is uncharted food territory. PepsiCo is targeting those people. You’ve been warned.

  • Sabra, maker of popular hummus and other pre-packaged dips and spreads, is one of several food companies that plan to spend significantly more money than usual on advertising this year.
  • In leaner economic times, marketing for affordable products like food tends to overshadow ads for flashy cars and other symbols of conspicuous consumption.
  • Sabra intends to entice “adventurous eaters” who haven’t tried hummus yet with a media campaign including television, print, online, and in-store advertising.

Facts & Figures

  • The Sabra Dipping Company is owned by PepsiCo
  • Sabra fits into PepsiCo’s “good for you portfolio,” which is responsible for $10 billion (or about 23%) of PepsiCo’s $43.2 billion in revenue last year
  • Sabra Dipping spent $3.3 million on advertising last year; this year it will spend “significantly more” than that

Best Quote

“We use the term ‘epicurious’ to describe the target audience.” – Chip Walker, Partner and Head of Planning at StrawberryFrog New York

Investors Run For Cover In Low-Yield Investments

Monday, June 7th, 2010

What should you do when the stock market gets unpredictable? You can hold on for dear life or you can hide your head in the government sand...

  • There’s been a lot of ruckus in the stock market lately; between recession repercussions and the European debt crisis, investors are avoiding higher-risk, higher-return instruments in the stock market.
  • Instead, people are funneling money into significantly lower-risk instruments that are also lower-yield, like money market funds and Treasury (government) bonds.
  • The stock market is expected to improve in the future, but because of potential problems in Europe and a damaged financial infrastructure here in the U.S., investors are likely to stick to safe investments (like bonds) for now.

Facts & Figures

  • The only mutual funds that outperformed the Treasury mutual funds in May were “bear market funds” – mutual funds that earn money only when the market goes down.
  • Bear market funds returned an average of 8% on investment in May
  • The going rate of return on a 30-year Treasury bond is 3.2%

Best Quote

“It’s still awfully close to zero. The amazing thing is that even at these rates, when you’re getting virtually no return on your money at all, people are still moving cash into money market funds. It’s sobering.” – Peter G. Crane, President of Crane Data

Discount Philanthropy Doubles Your Donation

Friday, June 4th, 2010

Deal-of-the-day website Groupon.com makes good by making deals to donate.

  • Groupon, a website which offers no-strings-attached regional discounts on everything from restaurants to salons to cleaning services, has partnered with DonorsChoose.org to offer Groupon users half priced donations.
  • DonorsChoose.org allows public school teachers to describe materials they need or projects they’d like to do, and donors choose to support the ones they like.
  • The way it works is The Pershing Square Foundation matches what each Groupon donor contributes, making a $50 contribution worth $100.
  • DonorsChoose hopes to raise $1 million via the partnership with Groupon.

Best Quote

“I hope that what we’re doing with Groupon will show people that somebody who only has $10 to spare will be a philanthropist.” – Charles Best, Founder of DonorsChoose.org.

Show Me The Money: Labor Market’s On The Mend!

Friday, June 4th, 2010

May reports indicate the unemployment situation has stabilized for the first month in a long time.

  • More jobs were added in May 2010 than any other month since September 1983.
  • The service sector of the job market increased payrolls for the first time since the start of recession, i.e. in over two years.
  • May marks the fifth consecutive month of jobs gains in the U.S.

Facts & Figures

  • 55,000 private sector jobs and 458,000 public sector jobs were added in May, causing the employment rate to drop a tenth of a percent.
  • It’s estimated that two-thirds of the added jobs were temporary due to the 2010 U.S. Census, but regardless, May holds its record of most jobs added in 27 years.
  • Claims for unemployment benefits dropped by 10,000.

Best Quote

“Because what everyone is stating is it’s a jobless recovery, and I can’t emphasize enough the long decline we’ve had, I don’t want to minimize one month of growth, but I don’t want to get overly optimistic.” – Anthony Nieves, Chairman of the ISM Non-Manufacturing Survey Committee

The Secret Behind Ikea

Friday, June 4th, 2010

You know you’ve spent hours wandering its hallowed halls, browsing cheaply-made furniture and believing that its functional European designs will somehow make you a better person. But have you ever wondered how a giant warehouse next to the highway can do that to you?

  • Ikea brought on Kerri Molinaro in 1992, and with her arrival came a brand-new approach to customer appeal. Molinaro brought fashion sense and an eye for merchandising to the efficient furniture store, and changed its image completely.
  • Ikea’s unique business model involves scrimping on production costs and sales staff, and splurging on things like consumer research, product design, and advertising.
  • The store’s layout is not a coincidence, either. Products are displayed alongside one another in beautifully decorated mock-rooms; items cleverly displayed on a wall are easy to find in nearby bins, and, of course, the store is a literal maze, trapping customers who cannot navigate beyond the store’s arrow guidance system.

Facts & Figures

  • More than 50% of Ikea visitors buy something before leaving; in women’s clothing stores this number is closer to 8%
  • Each Ikea store employs approximately 400 people. Of these, 30% are in sales and 70% work in the warehouse or in merchandising.
  • During an average visit, Ikea shoppers spend two hours in the store.

Best Quote

“Often people will never come into contact with staff until the cashier. These products are really selling themselves.” – Kerri Molinaro, President, Ikea Canada

Millionaire Moves To Ugandan Mud Hut

Thursday, April 8th, 2010

Successful British businessman Jon Pedley is leaving behind a life of luxury to move to Uganda and start a charity.

  • A self-made tycoon, Pedley experienced many setbacks in life – a criminal record, struggles with alcoholism, and a serious car crash that left him in a coma for 6 weeks.
  • Inspired by a friend who works in Uganda, Pedley is selling real estate and businesses to fund his new charity, Uganda Vision.
  • Uganda Vision connects troubled British youth to children in Uganda who are struggling with AIDS and poverty.

Facts and Figures

  • The 41 year old is selling his 16th-century farmhouse to move to a mud hut in Uganda.
  • Pedley is also selling Empowered Communications and Eme Tech to raise funds.
  • After fully recovering from his car accident, he gave up alcohol and found religion.

Best Quote

“I’ve never been more sure about anything in my life.” – Jon Pedley

Two-Thirds of 1,010 Americans Resent Wall-Streeters: Cause For Concern?

Thursday, April 8th, 2010

New poll shows that most Americans have a… complicated relationship with Wall Street bigwigs.

  • A Harris telephone survey conducted February 16-21 seems to indicate that 82% of Americans want the government to “clamp down” on Wall Street.
  • The desired regulation is mostly about the exorbitant executive pay at large, underperforming Wall Street firms.
  • Most Americans believe that Wall Street does offer some value to America overall, but that many of the companies are run by a bunch of depraved, money-grubbing misers who would just as soon slight their fellow man in the name of an extra buck as they would pick up a loose quarter on the side of the street.

Facts & Figures

  • The poll surveyed 1,010 adults via telephone.
  • Of those 1,010 adults, 82% want tighter regulations, 67% view people who work on Wall Street negatively, 66% think that the Wall Street workers would engage in illicit activity if it provided a satisfactory payoff, and a similar percentage believe that most people who work on Wall Street are unscrupulous liars.
  • Approximately 60% of the polled people think Wall Street benefits the US.

Best Quote

“[Americans agree that] most people on Wall Street would be willing to break the law if they believed that they could make a lot of money and get away with it.” – Anonymous Harris Pollster