Recently you may have heard of a new currency known as “bitcoin.” What is it? It’s a digital currency that can be used to pay for services and goods. Bitcoin came into prominence recently during the European banking crisis when depositors were withdrawing funds form their banks and converting them to Bitcoin.
If you want to learn more about this novel new currency click here…. http://lifehacker.com/5991523/what-is-bitcoin-and-what-can-i-do-with-it
So this is not a good week to be Cypriot… the banking system is on the verge of collapse and the European “troika” wants to levy a tax of up to 10% on deposits in the country. The situation is so dire that banks have been closed all week to prevent depositors from withdrawing their funds and igniting a bank run. And it all started with bad investments in Greek bonds.
IFTTT (If This, Then That)
Just stumbled across an interesting website today. It’s called ifttt.com, which stands for If This, Then That and is pronounced like gift without the g.
It allows you to create “recipes,” which are essentially automated tasks that are triggered by an event you define. For example, I can create a recipe that will automatically download any Facebook photos that I am tagged in to my Dropbox. Pretty neat.
“In 1999, a person […] emailed me and told me that he claimed ownership to the sun and he was charging me $30M a year for the energy he put out for all the planetary bodies that I owned. I waited a couple of days and wrote back to him and said, ‘I don’t want your energy, please turn it off.'”
Dennis Hope, a Nevada resident who has been selling properties on the moon and other planets since 1980.
I’ve long been a supporter of Redfin.com and their business model. Just read an interesting article on why their discount real estate brokerage strategy has struggled. I’ve always wondered if it is common practice for buyers/sellers to negotiate brokerage fees upfront. I’ve personally never tried it but it seems plausible that you could negotiate a lower commission.
I attended the USC Marshall School of Business. It was a fantastic program and I have nothing but positive things to say about the program. The skills and knowledge I acquired at USC are with me to this day and are indispensable to my professional work.
Y2K, carmageddon, the end of the Mayan calendar…. and now…. sequestration. Add this to the list of catastrophic, apocalyptic events that came and went without much fanfare.
Part of my professional work experience includes working at the ExxonMobil oil refinery in Torrance, California. While at ExxonMobil I held positions that included; plant engineer, project manager, and CEO (just kidding about that last one). Working at ExxonMobil gave me a chance to learn what it takes to manage a multi-million dollar budget and meet tight deadlines. Working at the refinery I was often “on-call” and I would receive calls in the middle of the night when equipment would fail. At a large refinery like the one in Torrance, every minute that equipment was down, the plant was losing thousands of dollars in lost production. The staff running the plant would look me to make the call on whether we should continue operating of if we had to, “shut her down,” as the saying it goes. It was a stressful, yet rewarding experience.
No leader + no documentation + no follow up = waste of time.
simple formula for running an effective meeting from Steve Tobak