Monday, May 10, 2010

On My Honor - The Un-Comfort Zone

THE UN-COMFORT ZONE with Robert Wilson

With the morning mist still on the Hudson River, and the sun just kissing the cliff tops of the New Jersey Palisade, Aaron Burr, Vice President of the United States shot and killed former Secretary of the Treasury, Alexander Hamilton. Political opponents for years, the duelists faced each other after Burr sent these words to Hamilton: “Political opposition can never absolve gentlemen from the necessity of a rigid adherence to the laws of honor.”

Once upon a time people were motivated by honor. Acquiring it, maintaining it, defending it. Bitter duels were fought in its name. I don’t hear much talk about honor anymore.

Could it be the concept of honor is too difficult to understand? Is it truly ineffable - impossible to define - to the point that no one really knows what it means? As a virtue, it has certainly taken a beating when some cultures identify the murder of family members as an “honor killing,” and when criminals such as the Mafia call themselves “men of honor.”

I looked it up in the Webster Dictionary and found the words “reputation” and “integrity.” But, honor seems to be more than that. It is similar to the definition of character which is: “what you do when no one is watching.” Again, it must be more than that. So, I researched what some historical figures said about it. Most of them described honor by what it is not.

Thomas Jefferson said, “Nobody can acquire honor by doing what is wrong.” OK, we’ll assume he means you must do what is right or good. The problem may be that by today’s standards those are up for debate.

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Robert Evans Wilson, Jr. is an author, humorist, and coach. He works with people who want to achieve more without sacrificing life balance. Contact Robert at www.jumpstartyourmeeting.com

Friday, May 07, 2010

Productivity in the U.S. Probably Cooled, Labor Costs Dropped

Via BusinessWeek

By Shobhana Chandra

May 6 (Bloomberg) -- The productivity of U.S. workers probably rose in the first quarter at the slowest pace in a year as employers took on staff to meet growing demand, economists said before a report today.

Employment may keep growing as companies such as Timken Co., which slashed payrolls and relied on becoming more efficient to lower expenses and protect profits during the recession, now look to expand as sales improve. The drop in labor costs is also helping limit inflation, giving Federal Reserve policy makers room to keep interest rates near zero.

“Productivity is still pretty good, but we’re likely to see it moderate,” said Mark Vitner, a senior economist at Wells Fargo Securities LLC in Charlotte, North Carolina. “Labor costs are going to remain very modest. The Fed will be on hold for quite some time.”

The Labor Department’s productivity figures are due at 8:30 a.m. in Washington. Economists’ estimates ranged from gains of 1.5 percent to 3.9 percent.

Labor expenses adjusted for the gains in efficiency fell at a 0.7 percent rate after dropping at a 5.9 percent pace the prior quarter, according to the survey median. For all of 2009, labor costs plunged 1.7 percent, the most since records began six decades ago.

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Wednesday, May 05, 2010

Manufacturing Grows for 9th Straight Month

Via CNNMoney.com

By Annalyn Censky, staff reporter

NEW YORK (CNNMoney.com) -- The manufacturing sector grew for the ninth consecutive month in April, and at its fastest rate since June 2004, according to a report released Monday.

The Tempe, Ariz.-based Institute for Supply Management (ISM) manufacturing index rose to 60.4 in April, from a March reading of 59.6. Any score above 50 indicates growth in the manufacturing sector.

April's number is slightly better than expected, driven by increases in productivity, new orders and manufacturing jobs. Economists surveyed by Briefing.com were expecting a reading of 60.

"Overall, the recovery in manufacturing continues quite strong, and the signs are positive for continued growth," Norbert Ore, chairman of the ISM's survey committee, said in a release.

Of the 18 industries surveyed in the report, 17 reported growth. Apparel, non-metallic minerals and wood products were among the industries showing the strongest growth.

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