Thanksgiving story on Successful Managers

by Laura Ehrenberg-Chesler on November 28, 2018

in Tribute,United States of America

In case you missed this story from the WSJ on November 25:

By year two, as William Bradford’s long-odds startup finally stepped back from the brink of oblivion, he decided to hold a mandatory, three-hour staff meeting.

This wasn’t a party, an operational review or hackathon. The only item on the boss’s agenda that morning was to oversee a collective expression of gratitude, or as he termed it, “thanksgiving.”

Bradford, of course, was the governor of the Plymouth Colony, a poorly financed agricultural venture run by English separatists that gave birth to a fairly successful economic enterprise called America.

This meeting, held in 1623, was the colony’s first declared thanksgiving but there’s no record of anyone stuffing a turkey—this day was devoted to prayer. The Thanksgiving holiday’s traditional dinner commemorates a feast the colonists shared two years earlier, in 1621, with 90 Wampanoag tribesmen.

Deep down, however, beneath the trappings of food, family and often-forgettable football games, Thanksgiving is really a management story. It’s a case study in how extraordinary leaders build happy, productive teams.”

Click on the link to read the full story.

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Rising Inventories Hit Oil Price

by Marilou Moursund on November 27, 2018 in Energy

The price of oil has tumbled in the last month from the mid-$70s to $51 this morning.  The Wall Street Journal has a good article today about all the factors affecting the price of oil.  From the linked article: What sparked the reversal? Investors and oil traders had a sudden rethink about how much oil […]

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Jim Cramer on Slowing Economy

by Laura Ehrenberg-Chesler on November 16, 2018 in Credit Crisis

Jim Cramer; from comments today posted on the CNBC website: “There are degrees of slowdowns that, nonetheless, can cause an awful lot of havoc and cost a lot of jobs, and that’s what we’re on the verge of here,” he said. “That’s what the markets are saying. That’s what the CEOs are worried about offline.” […]

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Ed Yardeni turns more cautious

by Laura Ehrenberg-Chesler on November 14, 2018 in Commodities

Ed Yardeni has been bullish for the better part of the most recent bull market. He recently turned more cautious due to the Federal Reserve raising rates, a slowing global economy, the China trade impasse, and domestic politics. From his research today: “On balance, Trump’s policies have boosted economic growth and further tightened the labor […]

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It’s Election Day

by Marilou Moursund on November 6, 2018 in equity market

The Wall Street Journal had a good summary today of the various concerns facing the market titled “Why the Election Shouldn’t Distract Investors”.  From the linked article: Every market pundit has a view on how the election will affect markets. The truth is, the economic and financial forces at work right now are so powerful […]

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No Shortage of Workers

by Laura Ehrenberg-Chesler on November 5, 2018 in Economic Indicators

Turns out, there are more workers coming in to the labor force, so we are not running out of workers. Today, from Ed Yardeni: “No shortage of workers. Another widespread and erroneous notion is that we are running out of workers because the unemployment rate is so low. The labor force jumped 711,000 during October, […]

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GDP Grows at 3.5% in the Third Quarter

by Marilou Moursund on October 26, 2018 in Economic Indicators

The U.S. economy grew at a 3.5% rate in the third quarter led by consumer and government spending.  From the linked WSJ article: Gross domestic product—the value of all goods and services produced in the U.S.—grew at a seasonally and inflation-adjusted annual rate of 3.5% from July through September, the Commerce Department said Friday. That […]

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Ed Yardeni: The Economy is Running Hard, Not Hot

by Laura Ehrenberg-Chesler on October 22, 2018 in Economic Indicators

Today, from Ed Yardeni: “In recent weeks, Fed officials have been signaling that the economy may be too strong. No doubt, it has been running hard thanks, in part to President Donald Trump’s tax cuts. But it has yet to show any sign of running too hot—i.e., hot enough to kindle inflation fires—based on the […]

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The Healthy Consumer

by Laura Ehrenberg-Chesler on September 27, 2018 in Debt

Today from Ed Yardeni: “Consumers are sitting pretty these days. Initial claims for state unemployment benefits fell last week to the lowest level since 1969, and the number of people receiving benefits after an initial week of aid fell to the lowest level since 1973. Household net worth rose to a record $106.9 trillion in […]

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Theodore Roosevelt – A Great Quote from a Great President

by Laura Ehrenberg-Chesler on September 20, 2018 in Tribute

A conversation with one of my partner’s this morning reminded me of this great quote from Theodore Roosevelt. Enjoy. “It is not the critic who counts; not the man who points out how the strong man stumbles, or where the doer of deeds could have done them better. The credit belongs to the man who […]

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