Tag Archives: Right
[unable to retrieve full-text content]The 737 Max only represents a small percentage of flights in the United States. But grounding them affects a lot more.
Google is advising anyone who uses the Chrome browser to make sure their browsers have the latest update, which patches a “high” risk security flaw that hackers are already exploiting on unsuspecting victims.
It’s common practice when bugs are disclosed to not immediately share details of how they work until a majority of users have a security patch. The practice allows companies like Google to notify users, and roll out updates, without tipping off any potential bad actors.
While little is known about how the threat, called CVE-2019-5786, works, Justin Schuh, Google’s Chrome engineering and security desktop lead, tweeted on Tuesday that everyone should update their Chrome browser “right this minute” on every device.
Google Chrome updates are usually automatic, however they don’t always roll out to everyone, all at once. If you’d like to trigger a manual update, you can click the three dots in the upper-right corner of the window, select “Help” and “About Chrome.” This will tell users whether their browser is updated or if they need to restart their device to trigger the updated, patched version of the browser.
[unable to retrieve full-text content]To make your company grow, positions, roles, titles and responsibilities must evolve.
WASHINGTON (Reuters) – The United States Postal Service should have more flexibility to raise rates for packages, according to recommendations from a task force set up by President Donald Trump, a move that could hurt profits of Amazon.com Inc (AMZN.O) and other large online retailers. The task force was announced in April to find ways to stem financial losses by the service, an independent agency within the federal government. Its creation followed criticism by Trump that the Postal Office provided too much service to Amazon for too little money.
FILE PHOTO – A view shows U.S. postal service mail boxes at a post office in Encinitas, California in this February 6, 2013, file photo. REUTERS/Mike Blake/Files
The Postal Service lost almost $ 4 billion in fiscal 2018, which ended on Sept. 30, even as package deliveries rose.
It has been losing money for more than a decade, the task force said, partially because the loss of revenue from letters, bills and other ordinary mail in an increasingly digital economy have not been offset by increased revenue from an explosion in deliveries from online shopping.
The president has repeatedly attacked Amazon for treating the Postal Service as its “delivery boy” by paying less than it should for deliveries and contributing to the service’s $ 65 billion loss since the global financial crisis of 2007 to 2009, without presenting evidence.
Amazon’s founder Jeff Bezos also owns the Washington Post, a newspaper whose critical coverage of the president has repeatedly drawn Trump’s ire.
The rates the Postal Service charges Amazon and other bulk customers are not made public.
“None of our findings or recommendations relate to any one company,” a senior administration official said on Tuesday.
Amazon shares closed down 5.8 percent at $ 1,669.94, while eBay (EBAY.O) fell 3.1 percent to $ 29.26, amid a broad stock market selloff on Tuesday.
The Package Coalition, which includes Amazon and other online and catalog shippers, warned against any move to raise prices to deliver their packages.
“The Package Coalition is concerned that, by raising prices and depriving Americans of affordable delivery services, the Postal Task Force’s package delivery recommendations would harm consumers, large and small businesses, and especially rural communities,” the group said in an emailed statement.
Most of the recommendations made by the task force, including possible price hikes, can be implemented by the agency. Changes, such as to frequency of mail delivery, would require legislation.
The task force recommended that the Postal Service have the authority to charge market-based rates for anything that is not deemed an essential service, like delivery of prescription drugs.
BAD NEWS FOR AMAZON
“Although the USPS does have pricing flexibility within its package delivery segment, packages have not been priced with profitability in mind. The USPS should have the authority to charge market-based prices for both mail and package items that are not deemed ‘essential services,’” the task force said in its summary.
That would be bad news for Amazon and other online sellers that ship billions of packages a year to customers.
“If they go to market pricing, there will definitely be a negative impact on Amazon’s business,” said Marc Wulfraat, president of logistics consultancy MWPVL International Inc.
If prices jumped 10 percent, that would increase annual costs for Amazon by at least $ 1 billion, he said.
The task force also recommended that the Postal Service address rising labor costs.
The Postal Service should also restructure $ 43 billion in pre-funding payments that it owes the Postal Service Retiree Health Benefits Fund, the task force said.
Cowen & Co, in a May report, said the Postal Service and Amazon were “co-dependent,” but that Amazon went elsewhere for most packages that needed to arrive quickly.
Cowen estimated that the Postal Service delivered about 59 percent of Amazon’s U.S. packages in 2017, and package delivery could account for 50 percent of postal service revenue by 2023.
The American Postal Workers Union warned against any effort to cut services. “Recommendations would slow down service, reduce delivery days and privatize large portions of the public Postal Service. Most of the report’s recommendations, if implemented, would hurt business and individuals alike,” the union said in a statement.
Reporting by Diane Bartz and Jeffrey Dastin; editing by Bill Berkrot
Tesla stock dropped a bit after Elon Musk dismissed a some analyst questions, calling them “boring” and “bonehead.” The take from the business press was that Musk‘s behavior was “bizarre” (Marketwatch) and “irksome” (Wall Street Journal).
“The 2 questioners I ignored on the Q1 call are sell-side analysts who represent a short seller thesis, not investors.”
In other words, these were analysts who had a drum to beat (hardly an unusual circumstance, as I’ll explain below). Musk continued that the first question was boneheaded because
“it had already been answered in the headline of the Q1 newsletter he received beforehand, along with details in the body of the letter.”
In other words, the analyst who asked the first question didn’t bother to read the materials he’d been given (again, not unusual with analysts) or, if he did read them, he wasn’t able to absorb the information because he was filtering it through his preconceptions.
Musk continued to explain that the second question (about Model 3 demand) was absurd because
“Tesla has roughly half a million reservations, despite no advertising & no cars in showrooms [and] even after reaching 5k/week production, it would take 2 years just to satisfy existing demand even if new sales dropped to 0.”
In other words, the analyst who asked the second question either can’t understand, or is willfully deciding to ignore, basic math and simple logic.
Now, I don’t know those analysts personally and, for all I know, they may be frelling brilliant, but in my experience financial analysts are a fairly dim lot.
Look, anyone can be an “analyst.” The title carries exactly as much weight as “consultant.” Maybe less. To be an analyst, all you really need is the ability to look credible, ask obvious questions, and then write a semi-coherent paragraph that fits within the parameters set by whomever is paying your salary.
The only other job requirement is the shamelessness to promote the few times your predictions turn out to be true and quietly bury the many times your predictions turn out to be wrong. And even then, you can hedge your bets by being vague about the time line.
Analysts are never, ever called to account when their predictions go wrong. For example, Lawrence Kudlow has has been predicting rampant inflation for decades. But rather than being laughed off the air, he’s now Trump’s Director of the National Economic Council.
While clueless Kudlow might be an extreme case, there are dozens of similar examples. Just look at what happened to the careers all the analysts who were predicting Y2K disasters. (Hint: they moved on and got promoted.)
As for the analysts who follow Tesla, Elon Musk surely knows that most of them are full of bullsh*t, because the games they play are painfully obvious. No CEO of any intelligence (much less Musk, who is genuinely brilliant) would give a two-cent stamp for the opinion of ANY analyst on earth were it not for the lemming-like behavior of a certain class of easily-bamboozled investors, not to mention a small army of business reporters who depend upon the analysts for juicy quotes.
Seriously, imagine what it must be like to be Elon Musk surrounded by people of average or slightly above average intelligence who continually ask silly questions. It would be like you or me being forced to spend 24 hours answering questions from toddlers. It’s a wonder he doesn’t go crazy.
Anyway, what’s truly “irksome” about this entire situation is that, rather than asking ludirous questions, the analysts could have asked questions that actually meant something, like:
- “Why are you simultaneously promoting the idea of self-driving cars and the notion that AI constitutes a threat to humanity?”
- “How can you prove 100% that the supply chain for all your component parts have zero child labor or slave labor?
Yes, I realize those aren’t the sort of questions that financial analysts are supposed to ask at an earnings call but that’s the point. If you want to understand the earnings, read the damn report.
Don’t waste Musk’s time–or ours–trying to work your own lame agenda.
As any entrepreneur should know, good sleep is essential to good business.
High-quality sleep sustains the energy levels you need to grow a company. It enhances cognitive function so your brain operates at its best. It helps you recover from grueling days so you don’t burn out . And it’s consistently linked to improved performance and productivity in the workplace.
On the other hand, chronic sleep deprivation degrades your ability to think clearly, make sound decisions, perform at your best, avoid illness, and get things done without running yourself into the ground. Nevertheless, too many entrepreneurs sacrifice sleep in the name of productivity.
So what’s the antidote to this productivity-killing sleep deprivation? One of the best strategies for ensuring you consistently get a good night’s sleep is to create a sleep log. While that might sound like one more thing to add to your already-overwhelming to-do list, the effort pays for itself. Here’s why every entrepreneur should keep a sleep diary–plus how to do it right.
The Benefits of Keeping a Sleep Diary
It holds you accountable to getting enough sleep
If you don’t track how many hours you’ve slept each night, then it’s easy to start cutting back on sleep without even realizing it. Before you know it, you’re catching only four or five hours of shut eye in the pursuit of more working hours. You may be vaguely aware of the fact that you’re feeling awfully tired lately, but you won’t realize the full scope of your sleep deprivation unless you actually count how much time you spend sleeping.
Bottom line? Tracking your sleep lets you quickly identify when you’re not getting enough of it. This gives you the opportunity to course correct before things get dire.
It helps you identify obstacles to quality sleep
Speaking of course correction: Keeping a detailed sleep log enables you to identify the behavioral or environmental patterns that might be interfering with your ability to sleep well each night.
For instance, if you keep track of your caffeine consumption habits along with your sleep quality, you might notice that consuming caffeine after 6 pm consistently disrupts your sleep, while consuming caffeine earlier in the day keeps you in the clear. This allows you to curate your daily habits so they serve your nighttime sleep quality.
It provides valuable info to your doctor (if necessary)
If you tweak your habits to facilitate high-quality sleep but still struggle to fall and stay asleep each night, there’s a chance you’re dealing with a sleep disorder. In that event, having a written record of your sleep habits will be enormously helpful to a medical professional.
Handing over this written log not only saves your doctor time; it may also save you money that would otherwise be spent on diagnostic questions that were already answered by your diary. And if you do start treatment for a sleep disorder, the sleep log will let you keep track of whether the treatment is working.
All told, keeping a sleep diary can help you improve your sleep quality in a number of ways. And that has major ramifications for your cognitive function, learning capacities, energy levels, and productivity.
How to Keep a Sleep Diary
Ready to create a sleep diary? Keep the following guidelines in mind:
- Track how much you slept each night. Write down when you got in bed, how long it took you to fall asleep, when you woke up to start your day, and whether (and why) you woke up at all during the night.
- Track quality in addition to quality. Each morning, rate how well you slept the night before. You can use a simple scale of 1 to 5, with 1 representing poor quality sleep and 5 representing very good quality sleep.
- Track lifestyle factors. What you do during your day can have a major impact on the sleep you get at night. Jot down how much caffeine and alcohol you consumed (and when you consumed it), what and when you ate, if and when you exercised, whether you’re experiencing any emotional stressors, if and when you napped, your daily activities, and any drugs or medication you may have taken.
- Track environmental factors. Note the temperature of your bedroom, the bedding you used, whether the room was dark or light, whether the room was quiet or loud, and so on.
If all that sounds daunting, don’t worry. There are plenty of sleep diary templates available, and they make it easy to track these factors in one place. (Not sure where to start? Give this template from the American Academy of Sleep Medicine a try.)
Keeping a sleep diary is one of the best ways to ensure you’re consistently getting high-quality sleep. And that is one of the best things you can do for yourself when you’re trying to make it big.
So here’s your Trifecta that you didn’t get from Timmy the Tout because he doesn’t exist: Classic Empire, Always Dreaming, Cloud Computing.