, the official carnival of law bloggers, is pleased to host this Carnival of the Capitalists #107 plus a special Blawg Review #29, a "business law" issue celebrating the second anniversary
of Carnival of the Capitalists.Blawg Review
was started by some lawyers who blog
and others who have participated in Carnival of the Capitalists over the past two years. We owe a lot to Jay Solo
and Rob May
for the inspiration, and trailblazing the blog carnival concept for business professionals.
This is not the first Carnival of the Capitalists hosted by lawyers
, and more have already signed on to host future editions.
Hosting Carnival of the Capitalists #107 and Blawg Review #29
together on the same weblog this week, we hope to introduce our law blog followers to the always informative and often entertaining CotC, and to introduce business blog readers to a good selection of blawgs, recommended reading for everyone interested in business, economics, law, and money quotes.
Okay, just show me the money quotes
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Carnival of the Capitalists #107, the best business bloggage.
American Express OPEN hired three veteran business bloggers for an offline/online event that started with anchorwoman Jane Pauley interviewing billionaire entrepreneur Sir Richard Branson live before 2000+ small business owners in Miami on October 18.
Following that live event, the discussion continued on all three blogs, with moderator Clay Shirky
posing a question of interest to small business owners, each day. The blogger panelists each answer the question posed and discuss what it means to small businesses and entrepreneurs.
Here's a sampling of some of the blogging around both the live and online events, which was kindly submitted for Carnival of the Capitalists by Anita Campbell, one of the participants in this unprecedented event. If you're interested in following the entire program, she suggests following the conversation at Technorati: OPEN Adventures
Business Pundit Rob May's post "Why American Express gets Blogging" is a good place to get oriented.Brian Gongol submits
On Dane Carlson's Business Opportunities Weblog, you can read the transcript of Jane Pauley's interview of Sir Richard Branson. It's fascinating reading and original content.
From Anita Campbell's Small Business Trends blog, you might want to check out "Adventures in Entrepreneurship: Managing Change". This is one of the panel questions the three blogger panelists were asked by Clay Shirky, the moderator.
Lifesaving Through Economic Growth
When viewed as a lifesaving tool, growth-oriented economics gains a moral authority its opponents often overlook. Growth in the world's poor countries generally requires two ingredients: Access to free trade and the rule of law, particularly as it applies to property law.
Mark at SportsBiz
discusses the marketing activity of Chivas USA, an expansion franchise of MLS, which has directed its activities exclusively at Mexicans and Mexican-Americans who are familiar with its parent club, a famous Mexican soccer club:
Chivas USA: The Power of a Brand
It appears that a new business model may be developing: leverage an existing brand into the United States and appeal to the American immigrant community.
Tom Kirkendall at Houston's Clear Thinkers
has this scoop:
Selling socially responsible ice cream
...about the socially-responsible nonsense that Ben & Jerry's Ice Cream spews while selling its quite good -- but unhealthy (i.e., socially irresponsible) -- ice cream.
George, at Fat Pitch Fiancials
30 Days to Becoming a Better InvestorGautam Ghosh on Management
November is going to be a manic month of investment knowledge and wisdom here at Fat Pitch Financials. I hope to make November the month that we all become better investors by learning at least one new thing each and every day from each other.
offers advice about:
Building Your Organizational QuotientModern Marketing
There are three things you need to be aware about when you think of your career in an organization.
, by Collaborate PR & Marketing, asks:
What Is Open Source Marketing?The Truth by Scott
The buzz of meeting like-minded people from all over the world: the fun of sharing ideas, however crazy or leftfield; the feelings of empowerment; the can-do, pioneering freedom. It’s these social, entrepreneurial values that are driving Open Source among gamers, petrol heads, food lovers, film fans, musicians, sports junkies, globetrotters and almost every other area of modern culture. Just like TV did 50 years ago.
Why Capitalism Doesn't WorkFree Money Finance
You know the old saying, "If it ain't broke, don't fix it"? I know something that's so broken that you don't want to fix it. In fact, it also works so well that you can't fix it. I'm talking about Capitalism. But before you denounce me as a Commie or Anti-American or just dismiss me as a kook, hear me out.
20 Ways to Save on a Shoestring
So again we see that how much you make is not the greatest determinant of your net worth -- how much you save is the key! Stay tuned and we'll continue this series to give you some ideas on how just how to do that!
Jane Dough, who's blogging the ongoing chronicle of a single 30-something Bostonian who is seeking enlightenment and control of her Net Worth at Boston Gal's Open Wallet
, takes a test to find out:
How does my household balance sheet stack up against typical U.S. households?
My Net Worth seems to place me in the "Middle Class" category which is good I guess (at least I am not poor!). I seem to have more cash assets than most and less bonds and stocks/retirement money. Perhaps I should start to shift from focusing just on saving money and instead start exploring more ways to invest my money.
Jeffrey Strain at Personal Finance Advice
The Best Investment You Can Make
While saving money may not be in vogue when it comes to an "investment strategy," it comes with a number of qualities that most investments would love to have. Here are some of the reasons that saving money is the best investment you can make.
Jonathan Wilde at Catallarchy
Millionaires are not necessary good models
The Millionaire Next Door, a popular book, argues that saving is the way to become rich. Which is true, but misleading. The less money we spend, the more we save, and the richer we are likely to be. But the goal should be to maximize happiness, not wealth.
Frank at Hello, Dollar!
wants to share ideas:
Long-Term Financial Plan
Lately I've been working on creating a comprehensive long-term financial plan. As much as I think and learn about personal finance, I have yet to put all of my goals and plans down in one place. So I thought I'd do it here, and maybe we can learn something from each other.
On a blog called The Real Returns
, this Moneywise blogger calculates:
Impact of P/E ratios on Long-term Returns
Is market overvalued? If the time is on your side, paying 40% higher P/E will reduce your returns over the 40 years by only 1%.
Martin Lindeskog at EGO
shares some thoughts on the bidding for AOL's web portal:
When I heard about the bidding for America Online's web portal (AOL ), my initial reaction was similar to the first paragraph of Dawn C. Chmielewski's article, AOL is the belle of the ball again.
One of the most highly-regarded law blogs, beSpacific
, has accurate, focused law and technology news, including a recent Executive Summary from the Guidewire Group Market Cycle Survey, October 2005: Blogging in the Enterprise:
Enterprise Blogging Catches On
Corporations of all sizes across a wide array of industries are adopting blogging technologies and practices. 89% of respondents are either blogging or are planning to blog.
Christopher Carfi at The Social Customer Manifesto
Who's Listens To Blogs? Andreesen, Bradbury, Rhodes, Sifry, Wyman...
It's not easy for a "company" to do this. It's so easy for a person to do this. Companies (despite their legal existence as "entities") really can't do anything on their own. They don't walk. They don't talk. They don't bathe. They can't communicate.
People communicate. That's where relationships happen. Between people.
Elisa Camahort at the Worker Bees Blog
discusses comment spam with a commenter:
Bloggers getting more and more restrictive with comments, and it's bad for blogging businessTriple Pundit
And it's definitely not good for blogging business.
Treasure America ANWR Video is Out - Have a Look!
3P followed the adventures of the Treasure America team this summer as we visited the Arctic National Wildlife Refuge in search of economic arguments against opening the refuge to oil development.
Professor Glenn Reynolds, the Instapundit
, has some good ideas:
Some 21st Century Ideas on Energy and Employment
With gas prices skyrocketing, people are looking once again at ways to save energy. Unfortunately, while high gas prices bring back memories of the 1970s, the policy solutions that some people are bringing forth seem about as dated as shag carpets and leisure suits.
Tony Gill at the Gill Blog
specializes in Workplace Continuity
and has been writing about telework as a business continuity strategy:
Connecting Telework to Broadband, BCM and Gas PricesThe Wired GC
I came across a piece the other day that was just fascinating, as the primary basis for justifying telework was made by correlating the costs of broadband with the cost of gas.
is thinking ahead:
Flu Pandemic and Disaster Planning
Hurricanes Katrina and Rita have provided real-time stress testing for the disaster planning of many businesses. Not all have fared well; many are now doing things differently.
Amid the stories about a possible worldwide flu pandemic, one planning difference becomes apparent: while hurricanes and other severe natural forces impact people and physical structures, the flu only hits people. And keeps hitting–a flu pandemic comes in waves and can last for months.
David Foster at Photon Courier
has some interesting stories about the Hurricane Katrina recovery effort at Norfolk Southern and at UPS:
The right way to run a railroad (or anything else)
The aspects of organizational culture demonstrated by NS and UPS are strongly related to the factors that allowed the British fleet to achieve dominance over the French and Spanish fleets in the late 1700s and early 1800s.
Goggalor, one of The Young Conservatives
The Liberal Agenda On Economics
The liberal mindset, when it comes to economics, primarily consists of the need to compensate for those who are unable, or refuse, to amass the amount of wealth completely necessary to exist in today’s world.
Henry Stern at InsureBlog
takes a look though:
A New Transparency...
We all know that carriers negotiate prices with providers, and we have some vague notion that these prices are significantly less than the “street rate” that doctors (and others) charge patients who either don’t have insurance, or aren’t in-network. Until now, though, we had no idea what those costs really are.
Big Picture Guy at Big Picture, Small Office
Bonus BabySteve Pavlina's Personal Development Blog
When it comes to giving bonuses, our Board will stop at nothing.
has Steve pondering:
What Is Productivity?
Find a person who knows and embraces their life’s purpose, and you’ll find a truly productive person. But in the absence of purpose, you’ll find busy-ness, but never productivity — the volume of output created might as well be tossed on the trash heap.
The Never Work Alone
Theory of Constraints in public educationTim Worstall
Never Work Alone is a blog where you'll find great advice for management and leadership related problems. Each week we post a problem and a summary of the response from the great community of managers and leaders over at the Never Work Alone Google group.
at his eponymous blog uses the breathtaking stupidity in the National Health Service to provide a basic lesson in management.
Stupid, Stupid.Jack Yoest
I know I criticize the National Health Service a lot, regarding it as producer driven and a bureaucratic nightmare. But I’m also willing to admit that the management itself can be guilty of the most crass stupidity.
shares his personal experience and insights:
Ford, Hardee's and Government: Vendor Management
My public sector experience was somewhat different from the recent initiatives by Ford and Hardee's to improve operating margins by reducing the number of suppliers.
Join in the discussion to grow a profitable business at JSLogan
, where Jim Logan asks:
When's The Last Time You Purchased From Your Own Company?
The idea is to walk in the shoes of your customer and test every aspect of presenting your offering and serving a customer - a concept I believe is worth repeating.
Adrian Savage at The Coyote Within
, a blog for sharing insights and thoughts into how to survive and prosper in a harsh world, shares some insights and thoughts about:
One of the greatest gifts is to recognize when you're in the wrong place, or doing the wrong things, then find the courage to stop whatever that is and make a change without guilt or regret.
Skip Angel at Random Thoughts from a CTO
has some random thoughts:
Create Your Destiny
Some people would think of destiny as one of those mystical things. That the stars aligned and good things happened to you. Others would think of a calling, that you did something that triggered a path to greatness -- your destiny. Others believe that destiny will come to them, they just need to get a sign from somewhere. Others believe that your life is determined for you, or pre-destined. I think there is yet another way to destiny.
Rosa Say at Talking Story with Say Leadership Coaching
Doing the right thing. Bravery at what cost?
Folks, this stinks. More than ever before, I am convinced that to be a truly great manager requires considerable bravery, and the willingness to say, "I'll take my chances, for I believe that if I do right by this person, they won’t sue me. Even if they do, I'll be able to sleep at night." Unfortunately it does take pure courage and bravery, for the higher up the organizational hierarchy you go, the less managers are feeling the company will stand behind them and foot the bill if they do get sued.
Toni Straka, The Prudent Investor
, is counting down:
Greenspan: 100 Days To Go - And Then?
The countdown for Federal Reserve chairman Alan Greenspan's last 100 days in office has begun. While the White House has said it will name his successor by mid-November it has to be doubted whether the new chairman will change the style of inaccessibility all chairmen have adopted since the foundationof the Fed. More transparency would be welcome. There is no other public body/authority in the world that keeps the public at such a distance as the Fed does. But the style "We speak, you listen and there is no time for any questions," could backfire in a world of globalized financial markets.
Joe Kristan at Roth & Company Tax Update
Tax Reform - Plan A
The President's Tax Reform Panel is getting ready to issue its recommendations. This post discusses the proposals, and why they will go nowhere.
Daniel Solove, group blogging with professors about the Law, the Universe, and Everything at Concurring Opinions
, thinks about the future:
When Google is King
We are entering the age of the Google Empire.
Professor Dale Oesterle at Business Law Prof Blog
is watching stocks:
Google Trading at All-Time High
I'm sure investors don't mind when the stock rockets up, but inevitably Google will one day fall short of estimates, and its stock will rocket down.
Professor Victor Fleischer, at the Conglomerate
blog, isn't impressed with the recent stock price pop, for different reasons:
Time to Short GOOG? (At least until tomorrow)
I never cease to be astonished by the amount of gamesmanship still tolerated by the accounting rules.
For those of us, lawyers included, who are less adept with numbers than tax law professors, Anita Campbell at Facteon Online Factoring
has found a handy one-page cheat sheet about basic accounting concepts:
Valuable Accounting Cheat Sheet
Have you ever wondered the proper way to do certain accounting functions?
The gurus with the free naming and branding service
present Sony's new smart phone:
Sony Muggles Name Smartphone
So, we wondered what moniker the naming wizards at Sony would conjure up for their latest smartphone, codenamed Hermione. Something really, really smart, even clever, perhaps, magical. While geeks feverishly waited to get their sweaty little hands on the new phone with its magical powers, all we wanted was the name. Give us the name, dammit.
John Walkenbach at J-Walk Blog
points us to some tips on:
How To Improve Your BusinessBarak
A fascinating success story at The 700 Club: Stepping Up to the Challenge.
, at IRIS: Information Regarding Israel's Security, presents an economic analysis consistent with a political perspective:
Why 'Energy Independence' Is Mostly Poppycock-But Doesn't Have to Be
Any lowering of U.S. demand would temporarily depress prices, which would cause a global increase in consumption which would at least partially undermine any initial cost reductions. There are, however, some worthwhile steps that can be taken to lower the amount of petrodollars funnelled into terrorism.
Joshua Sharf at View From a Height
tells us how happy this make him:
Southwest Plants in Denver - But Can It Grow?
Southwest Airlines has announced plans to come to Denver, after a twenty-year absence. Since fares historically begin dropping on the announcement that Southwest plans to enter a market, I can't begin to tell you how happy this makes me.
Barry Welford at The Other Bloke's Blog
serves this freshly baked:
Montreal Bagel BlogPatent Baristas
Montreal Bagels are known world-wide. They're also one of the food items on which there's lots of debate. Who makes the best Montreal bagel? Is the Montreal bagel better than the New York bagel? Marketers know that to have such interest in a product is a critical step in making the sale. AIDA - Awareness > Interest > Desire > Action. That's the recipe for success.
serve up fresh brew and news:
Of Tamiflu And Generic Things
Perhaps to avoid a public relations nightmare as well as a showdown on compulsory licensing for its drug, Roche now says it will sublicense Tamiflu production to any company that can produce it in sufficient quantities - now that just about every country is trying to stockpile the drug. Forty countries have placed orders with Roche so far and the company has been under pressure to allow others to produce Tamiflu so demand can be met. Some countries, such as Argentina, have said they will produce their own version of Tamiflu.
Ruy Diaz at Western Resistance
has more news analysis about Tamiflu:
US: Schumer the Terrible Attacks Economic Liberty
That is, Roche is being punished for its remarkable success in developing Tamiflu--no good deed goes unpunished. (Don't be fooled by the verb 'calls' used on the story; Schumer didn't 'call', he threatened Roche.)
Ironman at Political Calculations
Byrd's Tariff Feeds Fat Cats
...examining how the actions of a self-interested politician and the corporations who learned how to exploit the system created at the behest of lobbyists provides some really good insight into the modern political process...
The anonymous economist at Different River
considers the recently passed Protection of Lawful Commerce in Arms Act, which restricts the ability of municipalities to sue gun manufacturers for damages caused by criminal misuse of products:
Regulation by Lawsuit?Evan Schaeffer's Legal Underground
Now obviously it's preposterous to claim that the gun industry is actually "unregulated." It's one of the most regulated manufacturing industries there is, right up there with pharmaceuticals and automobiles.
takes a bite out of fast-food company shield laws:
Cheeseburger, Cheeseburger!George's Employment Blawg
You go, House! Meanwhile, I'll ask the question I asked in April: "Where Are the Promised Obesity Lawsuits?" As far as I know, it's still true that most plaintiffs' lawyers have no more interest in suing the food industry for obesity than they do in eating a Big Mac.
finds restaurant managers overworked and underpaid:
Reducing Long Hours Worked by Restaurant Managers
Restaurant managers, including those at chains like McDonalds and Hooters, are among the salaried employees who routinely work many hours of overtime without receiving any overtime premium.
David Daniels at Technology & Business Reinvention
It's All About Service
Trade shows are hard work but a necessary component to raising awareness for a growing company in a short couple of days. A well managed show makes it so much easier. So with the rapid adoption of the Web/Blogosphere and Internet Communications tools taking business away from trade shows you'd think that show managers would know better and compete with service and value. They haven't made the connection yet. Leaving the door open to astute service oriented companies.
Kieran Healy at Crooked Timber
points to an article in the New York Times
about a well-known ad agency executive who said there aren’t many female creative executives (the people who come up with ad campaigns) because they aren't up to the job, and got pilloried by bloggers before losing his:
As for "Death by blog," I guess there’s some irony watching the world’s top ad guy radically misjudge consumer sentiment.
Yvonne DiVita at Lipsticking
gives a big kiss to dads:
Jane Gets Emotional About Dads
As we see more and more women demanding equality, standing up for each other, finally getting noticed for their brains -- instead of their emotions, Jane wishes to say a word for those emotions -- the emotions that helped us fall in love with the men in our lives...and thereby, to create a family.
Economist Gary Becker and Judge Richard Posner go head-to-head on US immigration policy at the Becker-Posner Blog
, and find themselves substantially in agreement:
Many More Skilled Immigrants - BeckerGuarino
To me it seems like a win-win situation for the US to admit annually a million or more skilled professionals with permanent green cards that allow them eventually to become American citizens. Permanent rather than temporary admissions of the H-1B type have many advantages to the US as well as to the foreign professionals.
Skilled Immigrants - Posner Comment
I am puzzled by the political opposition to increasing the quotas for highly skilled immigrants. The average worker is benefited by immigrants who have skills much greater than his own, because they increase U.S. productivity (so the average worker benefits as a consumer and he may even benefit as a worker if his employer's greater productivity increases the employer's demand for workers) and he does not compete with them; they are in different job categories. And as Becker points out, restricting immigration of highly skilled workers increases the incentive of U.S. firms to outsource production to countries containing such workers; and outsourcing, by exporting jobs, harms the employees of those firms.
, whose orientation is conservative/republican, thinks his party is failing the American people is in the area of free trade and globalization:
Big Box Martinterim thoughts...
Monday night, I saw on CNN a remarkable animated piece that captures in a vivid way the whole issue of globalization for American workers. The piece was, all at once, hilarious and poignant. Ordinarily I do not post anything that contains vulgarities; but this piece does, so be forewarned. Nonetheless, I want to provide a link to it because it depicts in a special way the truth of our current state of affairs, with obvious implications for the Piedmont Triad.
Go to www.jibjab.com, and watch "Big Box Mart".
at a blog on business in India, with a global outlook:
The fire under the bonnet, IT staffingIndependent Conservative
In Indias services sector, this is the model that works. Get hungry best in class employees, set them free on the job (almost). Critics abound on the kind of work that gets done in Indias IT sector and are not entirely unfounded, but the amount of exposure and empowerment an associate gets is perhaps unheard of in many other industries.
repeats what needs to be said again:
FedEx chief says European over-regulation is bad for business!
How much longer will people complain about China, India and other countries before they realize that many jobs are being given to other areas because in many cases we have over bound the hands of corporate executives? I think it may be a long time for some! A company needs to be able to make changes as needed to be competitive! Otherwise the leading companies in the world will no longer be American! Then where will Liberals get funding for their social programs, with no rich executives to tax?
Michael Cale at Financial Methods
has details of a paper published by The Center for Retirement Research at Boston College, which contains material for both sides of the political aisle:
Ten Myths of Social Security Reform
The report doesn't address the issue of immigration and Social Security reform, but the two are linked. As the retiree population grows, industrialized nations will quietly compete for young immigrant labor. This is a difficult position to advocate politically, especially if domestic unemployment is high. The US is in the best position to draw immigrants, but this is a difficult position to publicly endorse due to concerns over terrorism.
Mike Pechar at Interested-Participant
has good news for Chinese food lovers:
Finger Lickin' Chinese
Food giant KFC, owned by Kentucky-based Yum Brands Inc., recently opened a milestone franchise in Shanghai, bringing the total KFC outlets in China to 1,500. The new outlet is a drive-in, only the second drive-in in all of China after Beijing. Interestingly, Beijing also has the distinction of hosting the largest KFC restaurant in the world in Tiananmen Square.
Ian Hamet at Banana Oil!
The Fountainhead in Chinese!
Looks like the typical Chinese media-wide blast of the same news, but that means a lot of people have been introduced to the book.
James D. Hamilton, who is Professor of Economics at the University of California, San Diego, produces Econbrowser
, where his analysis of current economic news engages commenters in lengthy discussion:
GM losses and other economic news
No matter how amazing your accomplishments, it's always nice to try to set your goals even higher. I was pretty impressed when General Motors managed to lose $1.2 billion on its North American operations in the second quarter of this year. But yesterday GM announced it had outdone even this, losing $1.6 billion on its North American operations in the third quarter.
Drawing on his pre-law "Communications Arts" major, J. Craig Williams raises the bar at May it Please the Court
with his new Internet Radio Show, Coast to Coast, which he co-hosts on the Legal Talk Network
Coast To Coast Internet Radio Program On Bankruptcy Abuse and Consumer Protection
The new Coast to Coast internet radio program, with my co-host Robert Ambrogi, discusses the new Bankruptcy Abuse and Consumer Protection Act of 2005. We take up the discussion of this new bankruptcy law that has both the bankruptcy courts and bankruptcy attorneys' offices swamped.
David Giacalone at f/k/a
, a website advocating one-breath poetry & breathless punditry with haikuEsq, f/k/a ethicalEsq, serves potluck:
realtors and legislators are selling you out
However, realtor associations have found a sword against discount brokers and a shield against the antitrust laws: They've been successfully lobbying state legislators, who have dutifully enacted so-called "minimum service laws" (in the name of consumer protection, of course), which require brokers to provide a broad set of services, regardless of whether the consumer wants or needs them.
Dan Melson at Searchlight Crusade
has "consumer information from those who know the system" and he offers this installment from a complete list of segments at the bottom of the post:
The Good Faith Estimate (Part II)
One of the most common tricks I've seen is for loan officers to tell clients and prospective clients they can roll the costs into the loan so they don't have to come up with cash. Despite being told this is what the client intends to do, they then give you, the client a payment quote in the third column here based upon you paying all of these costs out of your pocket - with the Check You Need To Have. In short, they're acting like all those closing costs have mysteriously vanished somewhere, like they're lurking in the Bermuda Triangle waiting to ambush some poor unsuspecting sap who will never be seen again. This poor sap is you. You're going to pay them somehow. They generally can be rolled into the loan, but make sure the loan provider gives you a payment based upon real numbers. Most people shop for a loan based upon payment because they don't know any better. This gives loan providers incentive to play games here, and the vast majority do.
Evelyn Rodriguez writes passionately at Crossroads Dispatches
Fusing the Business of Your Soul with the Soul of Your BusinessA Fool in the Forest
My sense is that if you read this blog that perhaps business is your Kuru, your Forest as well (but the main thread that ties readers together is this sense of adventuring and questing, rather than retreating from the hero(ine)'s journey).
, attorney George M. Wallace, presents:
Aussie Reptiles Against Drunk Diving
Stompin' in the Foothills
A Sad Soap Opera at Sanford
Fred Wine Goes With Everything
That was serious fun. Thanks to Rob and Jay for letting us host Carnival of the Capitalists this week. And thanks to everyone who participated with us, especially you, our readers. If you've got a blog of your own, you might continue your participation in this linkfest by picking your favorite post from this week's editon and blogging about it, too, with a hat tip to our Carnival of the Capitalists #107. A big thanks to those of you who reward our efforts with link love
or other social gestures from your blogs to ours. If you like what we've put together here, please send your peeps to check us out.
Before you leave us, today, please check out the latest Blawg Review, which is freshly linked at the top right corner of this website under the heading "Read the Current Issue" in red. You might be surprised to find more carnival goodness for you there.