How did America—a country dedicated to the proposition that all men are created equal—become one of the most unequal countries on the planet? Why do the nation’s leaders now spend so much of their time feeding at the trough and getting ever more for themselves? Why has public-mindedness in our leaders given way in so many instances to limitless greed?
One key factor, argues Martin, is a fundamental shift in nature of the economy. Fifty years ago, “72% of the top 50 U.S. companies by market capitalization still owed their positions to the control and exploitation of natural resources.” But in the latter part of the 20th century, a new kind of organization began to emerge: an organization that prospered not by natural resources but through “the control and exploitation of human talent.”
“By 2013 more than half of the top 50 companies were talent-based, including three of the four biggest: Apple, Microsoft, and Google. (The other one was ExxonMobil.) Only 10 owed their position on the list to the ownership of resources. Over the past 50 years the U.S. economy has shifted from financing the exploitation of natural resources to making the most of human talent.”
This inequality is also addressed in a new book, The Vanishing Middle Class: Prejudice and Power in a Dual Economy, by Peter Temin, an economist from MIT. Temin argues that, following decades of growing inequality, America is now left with what is more or less a two-class system: One small, predominantly white upper class that wields a disproportionate share of money, power, and political influence and a much larger, minority-heavy (but still mostly white) lower class that is all too frequently subject to the first group’s whims.
We are having a t-shirt fundraiser to reverse Climate Change, Diabetes, and Unemployment with our Prayer Breakfast and Genius Farm.
Our t-shirt design
By local artist and librarian Roxanne Mapp
Don’t try to interpret faith in terms of science and logic. Religious imagery is telling you what is becoming.
“And all things you ask in prayer, believing, you will receive.” Matthew 21:22
Our t-shirts are:
Grown in the USA
Certified organic cotton
Made in the Carolinas
Transparent supply chain
Environmentally-friendly print process
Medium weight: 5.4 oz
Be proud each and every day you wear your tee knowing that your purchase supports more than 500 American jobs! Since it’s made from super-comfortable ringspun cotton, you’ll want to wear it every day. And because it’s made from a medium weight (5.4 oz) fabric that’s constructed for durability, you can actually wear it every day without it showing signs of wear.
Ask, and it will be given to you;
Seek, and you will find;
Knock, and it will be opened to you.
~ Matthew 7:7
Click, and it will be opened to you.
Click the image above or below for a rough draft of Seven Magazine.
I’ve made billions of dollars of failures at Amazon.com. Literally billions of dollars of failures. You might remember Pets.com or Kosmo.com. It was like getting a root canal with no anesthesia. None of those things are fun. But they also don’t matter.
What really matters is, companies that don’t continue to experiment, companies that don’t embrace failure, they eventually get in a desperate position where the only thing they can do is a Hail Mary bet at the very end of their corporate existence. Whereas companies that are making bets all along, even big bets, but not bet-the-company bets, prevail. I don’t believe in bet-the-company bets. That’s when you’re desperate. That’s the last thing you can do.
~ Jeff Bezos
According to Fast Company, on Thursday, April 28th, Amazon CEO Jeff Bezos made $6 billion in 20 minutes, after reported earnings beat expectations. Most people know Amazon as an online retailer but it’s collection of cloud computing services, Amazon Web Services or AWS, is Amazon’s new profit engine. The unit’s $1.9 billion in operating profit in 2015 was close to the $2.8 billion operating profit of the entire $99 billion retail business even though AWS constitutes only about 10% of Amazon’s overall revenues.
It is important to understand that AWS started off as a bit of an industry joke. How could an upstart bookseller possibly compete with real data specialists or persuade companies to outsource data storage? Yet that’s what has happened. In Jeff Bezo’s 2016 annual letter to shareholders, he wrote:
This year, Amazon became the fastest company ever to reach $100 billion in annual sales. Also this year, Amazon Web Services is reaching $10 billion in annual sales … doing so at a pace even faster than Amazon achieved that milestone….
Here’s to the crazy ones. The rebels. The troublemakers. The ones who see things differently. While some may see them as the crazy ones, we see genius. Because the people who are crazy enough to think they can change the world, are the ones who do.
A lot of people in our industry haven’t had very diverse experiences. So they don’t have enough dots to connect, and they end up with very linear solutions without a broad perspective on the problem. The broader one’s understanding of the human experience, the better design we will have.
~ Steve Jobs
[Silicon Valley is] a hard place to write about because there’s a lack of emotional content. It’s a cold place.
Advertising is an over $200 billion a year industry. We are each exposed to over 3000 ads a day. Yet, remarkably, most of us believe we are not influenced by advertising. Ads sell a great deal more than products. They sell values, images, and concepts of success and worth, love and sexuality, popularity and normalcy. They tell us who we are and who we should be. Sometimes they sell addictions.
“We all grow up in a culture in which women bodies are constantly turned into things, into objects.”
“Of course this affects female self-esteem. It also does something even more insidious. It creates a climate in which there is wide-spread violence against women.”
Google has more revenue than all U.S. print newspapers and magazines combined, yet direct mail is still the biggest single direct marketing channel, worth around $45 billion a year in the US alone. But it’s increasingly clear that printed marketing communications work best when used in conjunction with digital channels, with response and conversion rates improving by three or four percentage points respectively when printed direct mail is combined with email, personalized web pages (PURLs), database marketing, and mobile elements.
Larchmont Magazine is a free community magazine that will combine print and digital using variable data printing (VDP). Larchmont will initially be mailed to all the residential addresses in the 10538 zip code (Larchmont, NY) in October. We will follow-up in November by mailing Bronxville Magazine to all the residential addresses in the 10708 zip code (Bronxville, NY).
Our personalized community magazines will create real innovation and real value for local businesses by understanding people as human beings, not consumers. The basic idea is to build a close personal relationship with each customer that is based on quality, service, friendship, loyalty, and communications. And, not based on discounts and deceptions.
For decades, educators have struggled to close the “achievement gap,” the persistent differences in test scores, grades and graduation rates among students of different races, ethnicities and, in some subjects, genders.
According to an American Psychological Association article, a group of social and cognitive psychologists have approach this problem not based on the idea that at least some of these disparities are the result of faulty teaching or broken school systems, but instead spring from toxic stereotypes that cause ethnic-minority and other students such as women to question whether they belong in school and whether they can do well there. While such a major problem might seem to require widespread social change to fix, the psychologists are finding evidence that short, simple interventions can make a surprisingly large difference.