The Fed should not attempt to squeeze the last drop of benefit from abnormally low rates. The benefits to be gained are small as compared to the costs if inflation gets a hold. We are still emerging from the effects of the subprime mortgage fiasco. Let’s not risk imposing another one on top of it.
Besides ramping up a new and improved network and cutting costs and jobs, new CEO Marcelo Claure must persuade more wireless customers to give up their loyalty to their old carriers or sign up with Sprint in the first place
“Just like the utility companies that provide electricity, water, and gas to our locations, we have no alternatives when it comes to swipe fees and no choice but to build them into our pricing,” writes James Eddy, a third-generation restaurateur. “The bottom line is that everything is more expensive because of swipe fees — no matter how you pay. It’s time for a change to the system.”
In implementing Holacracy, the CEO and top executives turn management over to self-organized teams. And it’s not just an idea on the pages of the latest business best-seller. Most notably, Zappos, the online shoe emporium, just adopted it wholesale, apparently the first big company to do so. Its roots go back a bit.
Will it be a September to remember for baseball fans in Kansas City? The Royals were in first place on Aug. 31 for the first time in decades and are in position to make the playoffs for the first time since 1985. Check out this special collection of stories and charts to get you prepared for the critical final month.
With the arrival of app-driven transportation services, Kansas City is getting a front-seat view but a bumpy ride on the way to the “sharing economy” driven by a new wave of tech-savvy entrepreneurs. New companies led by aggressive and savvy entrepreneurs are pressuring traditional businesses and giving lawmakers and regulators fits.
If you’re a bank executive, it’s never going to be easy to tell your shareholders: Oops, we made a $4 billion mistake! But the disclosure last week by Bank of America that it had $4 billion less in regulatory capital than it thought came at a particularly awkward time, just days before its annual shareholder meeting, scheduled for Wednesday in Charlotte, N.C.
The Fed’s policy of maintaining low interest rates hasn’t worked any labor market magic. That’s become another head-scratcher in what’s now one of the longest but historically slowest recoveries. Here’s a theory: Instead of hiring more people, companies are using the cheap borrowing costs to buy machinery and technology instead.
Scott Samuelson’s recent Wall Street Journal piece titled “Would you hire Socrates?” challenges the myth that studying humanities doesn’t pay. This finding reflects my experience with the U.S. Army, but I seek to emphasize something greater than an economic advantage. The more practical advantage gained from a liberal arts education is preparation for leadership.
A recent local case demonstrates that employers’ responsibilities for addressing harassment in the workplace extend beyond the individuals who collect a paycheck from the company. Objectionable behavior by customers, subcontractors, vendors and others could be employers’ problem, too.
Rising inequality could lead to an unsustainable use of resources and the collapse of global industrial civilization. The stark warning is based on a sound observation: Over the course of history, the collapse of advanced, complex societies is quite common. Although civilizations can last centuries, in reality they’re “fragile and impermanent.”
Health savings accounts paired with high-deductible health plans continue to grow as an option for employers and employees seeking an economical, convenient coverage option. Now, the time has come for employers to move beyond the simple administration of these accounts to provide a more meaningful strategy so these options can most benefit their employees.
Here’s a counterintuitive way the older generations can help the young: Keep working and don’t retire so early. Because for perhaps the first time in history, the over-60 population is growing much faster than younger groups.
How do you select the health insurance plan that is best for you? To sort through the many variables within health insurance policies, it is wise to work with a navigator or insurance broker to evaluate plans that will best meet your needs.
The Affordable Care Act has caused confusion. It is a significant departure from what has been the American health care payment system, and it depends on nearly all of us to participate so that we can begin to see how it benefits us all. There is still time. Enroll today.
Sooner or later, you hear it in some conversation about how “things just aren’t what they used to be.” Kids these days! Dumb, lazy, disrespectful, unpatriotic, promiscuous, drug-addled and on and on. Let’s call a truce in the war between the generations. After all, the young have to make their way in a world and economy created by their parents and elders.
The grasp of robots on our future, strengthening for decades, is about to tighten like a vise. Robots that think and move like people will inflict profound changes on our economy and society. People will get replaced by robots faster than the economy produces new jobs.
Ford’s F-150 pickup and plants that make them, including our own at Claycomo, will soon become a strategic asset in U.S. energy policy. That’s not an outlandish statement considering the better gas mileage expected from the F-150s that will hit showrooms soon.