pull! push! Adventures in Internet land :-)
And In Other News...
Venezuela's Gas Prices Remain Low, but the Political Costs May Be Rising"In a country moving toward socialism, the beneficiaries of government largess here are still people like Nicolás Taurisano, a businessman who dabbles in real estate and machinery imports. He is the proud owner of a Hummer." [via New York Times]
Random Post
(Yawn).
Labels: random
And In Other News...
Putin's Russia Stakes Its Ground“A stronger Russia now regrets such conciliatory policies because they have left the country feeling encircled,” writes Russia analyst Ivan Eland. As Dmitri K. Simes, head of the Nixon Center, puts it in the new issue of Foreign Affairs: “Washington's crucial error lay in its propensity to treat post-Soviet Russia as a defeated enemy.” [via Council on Foreign Relations]
What ever happened to free cell-phone games?"The cell-phone game is one of the great guilty pleasures of the modern age. Why bother "thinking" or "socializing" during dead spots in your day when you can watch a four-pixel snake eat dots?" [via Slate Magazine]
Labels: cell-phone, politics, Putin, Russia
Music: The Verve
One of the best (in my humble opinion), alternative/rock bands ever to come out of the UK, ladies and gentlemen please give it up for
The Verve!
Bitter Sweet SymphonyWeeping WillowSonnetLucky ManDrugs Don't WorkI wish I was able to find a link to "Catching The Butterfly," but it wasn't meant to be. It just wasn't.
"A New Decade" and "Slide Away," two sweet tracks from previous albums (the only album I've ever heard was
Urban Hymns), can be found on the
band's website.
Labels: alternative, life, music, rock
The similarities between economic systems, traffic lights, junctions and roundabouts
UPDATE: Oct 22, 9:10 PM. The post is now finished.(DISCLAIMER: IANAE, I Am Not An Economist)
(DISCLAIMER: IANATE, I Am Not A
Transport Engineer)
(DISCLAIMER: IANAP, I Am Not A Politician)
And no, I am not crazy. The long commute to the office does, on occasion, give me plenty of time to think about all sorts of things. In this case, identifying the similarities between economic systems (open, closed and mixed), traffic lights, junctions and roundabouts.
An Open Economy (Capitalism) = Four-Way Junction Without Working Traffic LightsIn a nutshell, an open economy is one where there is practically little, or no involvement by the State with regards to the running, or regulation, of the economy. The market is free to operate as efficiently as possible. The laws of
supply and demand rule supreme. There are no price controls, regulations, state-owned or subsidised enterprises (like our very own CBC, QEH, BWA). The
factors of production are all privately owned and operated with the goal of making a profit.
If a company is the sole provider of a good or service (a monopoly), it is free to charge whatever it wants. Dissatisfaction may lead to another company entering the market and providing the same goods at a better price. The consumer now has a choice, competition ensues and he/she is usually better off. The government stands by the sidelines and does not get involved.
There are several advantages and disadvantages to this type of economic system. One advantage is that the business owner is free to run his/her business, as best as they see fit. The lure of profit and a healthy return on investment, are typical reasons for persons starting a business in the first place.
However, a notable disadvantage exists as well. How do we protect those citizens who are less fortunate? Those in society who cannot afford the costs of a good or service (like education). Who will look after their basic needs if the market is only interested in running as efficiently as possible, and profit is the primary driving force behind all actions.
Now let's look at a typical four-way junction and motor traffic. Most
Barbadians are familiar with the junction at Redmans, St. Michael (A Shell gas station operates at one of the corners of this junction).
What happens when the traffic lights are not working? Many people will argue that traffic flows freely. I believe that this is a good example of an open economy at work. The traffic lights represent Government regulation and control. This can potentially restrict the performance of the economy (or, the flow of traffic).
Motorists heading to either the north of the island (St. Lucy for example), or the south (that is, back to Warrens) enjoy a clear advantage over those drivers who are stuck on the east or west sides of the junction, who want to go either north or south. They have to wait for someone to let them join the main flow of north and south-bound traffic. These drivers are at a disadvantage, similar to the poor in an open economy with no Government protection, subsidies, or access to basic or affordable social services (like education or health care).
The motorists who are heading north or south, are free and are mostly unconcerned about the other motorists who have to look for a lucky break in order to join the main flow. And just like many businesses (the world over), most of them may not be concerned with the other 'motorists,' or with those less fortunate members of society, unless it has the potential to negatively affect their bottom-line.
These north and south-bound motorists are using their unique advantage, non-working traffic lights (or an open economy in the case of a business), to the utmost extreme, and are profiting by not having to sit in traffic and by therefore arriving at their respective destinations in a timely fashion.
Similarly, businesses who are not concerned about Government intervention in setting prices, controlling the types of businesses, restriction of foreign investment, will clearly enjoy these advantages. There is room for competition as other businesses spring up to offer a better, cheaper product. Increased competition and liberalisation of a market (for example, telecommunications) brings the benefit of choice to the consumer. There are no 'traffic lights', (no Government involvement) to slow them down. It's a free for all.
A brief note on increased competition, liberalisation of the local market, and the admittance of foreign companies into a country, especially a small one like Barbados. While the consumer may end up benefiting by having a wide variety of choice and access to cheaper goods and services, locally owned and operated companies may end up suffering over the longer term.
Many of these foreign-owned businesses have extremely deep pockets, and can easily enter into a country, reduce the prices of their goods and services drastically, capture the market, and effectively wipe out or greatly reduce the amount of competing businesses. As a result, it may become unprofitable and impractical for local companies to maintain their respective levels of unemployment, and as such, many may have to downsize their operations. (Downsizing is a nice word for lay-offs or having to 'let people go').
But go where? Unless the foreign-owned companies are willing to hire these employees, they may remain unemployed and will not be able to purchase most goods and services. What then? The foreign-owned companies may end up closing down and heading back home. After all, without any consumers for their goods or services, it means no revenue. The overseas parent companies will probably not accept this and may end up pulling out of the country in search of greener pastures elsewhere.Trade restrictions, tariffs, subsidies and other related measures (think traffic lights, control and regulation), can be instituted by Government and can help protect local businesses and industries by placing limits on who can setup shop and what they can offer in a country.
A Closed Economy (Communism & Socialism) = Four-Way Junction With Working Traffic LightsSwitch on the traffic lights and you've got instant Government involvement and control. The motorists sitting on the east and west sides of the junction now enjoy the same advantage that north and south-bound motorists enjoy. They just have to wait for about thirty seconds for the light to change green. The traffic light (Government) is the great equalizer.
With this control, however, certain limitations and restrictions on how businesses can operate will come into play. Government's involvement in the economy may hamper its potential for growth or expansion. After all, one of the primary roles of a Government is to provide for, and look after its citizens (especially the poor or less fortunate).
As a result of their involvment, high costs (paid for by tax payers who are usually middle-class), inefficiencies and less-than-ideal goods or services are made available to the poor. But remember, something is better than nothing, and Government is primarily interested in providing services for the greater good, not in turning over a profit.
Some private individuals and businesses may not be willing to setup a business, expand an existing one, or invest in a new one, simply because of this high level of Government involvement in the affairs of the economy. It makes it highly unattractive for would-be capitalists and budding entrepreneurs. Furthermore, overseas investors would be reluctant to investment in the country. Similarly, some north and south-bound motorists may avoid the Redman's junction all together and look for an alternate route, one that does not involve traffic lights.
A Mixed Economy (Capitalism + Communism & Socialism) = RoundaboutA mixed economy is one where there is a good mixture of both private and public sector enterprises. There is a 'reasonable' amount of Government involvement in the affairs of the economy, but not as much as a true planned or closed economy. Barbados is a good example of a country with a
mixed economy.
The mixed economy, it would seem, offers the best of both worlds. There are private sector interests that are concerned with creating wealth, profit and return on investment, as well as public sector interests that exist to serve the public by way of providing essential services (like a police force, a water authority and basic health care). For those who can afford it, private health care exists, as do private schools. Society has a choice, if you can afford the best, you can have it. If you cannot afford the best, then you'll have to make do with what the Government can provide for you.
The roundabout looks, to me, like a good example of the mixed economy. There are no traffic lights, yet there still exists a basic, controlled flow of traffic. Motorists are not disadvantaged. As long as there is no traffic approaching from the right (or slowly approaching), they are free to enter and exit the roundabout whenever they feel like. There is an element of choice, although somewhat controlled, present. As a motorist, you only have to slow down or stop to give way to traffic approaching from the right. You are not being controlled by traffic lights, nor are you stuck waiting for someone to 'let you out' so that you can join the major flow of traffic.
This post is by no means an accurate or even semi-accurate analysis of the similarities between economic systems and traffic signals, etcetera and should not be treated as such. For example, there are currently major traffic issues in the Warrens area as a result of the highway expansion project. These issues affect the performance of the roundabout(s), traffic lights and junctions.
In conclusion, remember the disclaimers at the beginning of this post: IANAE, IANATE, IANAP.
;-)
Labels: Barbados, blogging, economics, funny, life, politics
Zen
Occasionally, I mouse-over to the
zen habits blog and skim through a few "life changing" or "productivity enhancing," posts. Then, I snap out of it and return back to the real world. :-)
After checking out the zh blog this evening, I looked up
Zen on Wikipedia and eventually found a link to several
Zen proverbs (courtesy of Wikiquote). Why the interest in Zen? It may have to do with with the fact that I am also somewhat interested in Philosophy, although according to Wikipedia, it appears that Zen is very anti-philosophical.
Maybe we should all spend a few moments reading through each quote. I'm not suggesting that you waste the entire day (or night) sitting in a trance, completely zoned out, but just have a look through. Find one or two that really stand out, and spend a few moments thinking about them.
Who knows, maybe you'll learn something, or come to some sort of realization (as to what specifically, I don't know, that's for you to find out).
"Zen proverbs:
Unsourced
A samurai once asked Zen Master Hakuin where he would go after he died. Hakuin answered 'How am I supposed to know?'
'How do you know? You're a Zen master!' exclaimed the samurai.
'Yes, but not a dead one,' Hakuin answered.
Do not seek the truth, only cease to cherish your opinions.
If you understand, things are just as they are; if you do not understand, things are just as they are.
In the landscape of spring, there is neither better nor worse. The flowering branches grow naturally, some long, some short.
It takes a wise man to learn from his mistakes, but an even wiser man to learn from others.
Knock on the sky and Listen to the sound.
The ten thousand questions are one question. If you cut through the one question, then the ten thousand questions disappear.
The tighter you squeeze the less you have.
The ways to the One are as many as the lives of men.
Though the bamboo forest is dense, water flows through it freely.
To do a certain kind of thing, you have to be a certain kind of person.
To follow the path, look to the master, follow the master, walk with the master, see through the master, become the master.
To know that there is nothing to know, and to grieve that it is so difficult to communicate this "nothing to know" to others - this is the life of Zen, this is the deepest thing in the world.
When the pupil is ready to learn, a teacher will appear.
When you reach the top, keep climbing.
Why do you ask questions? If you already knew the flame was fire then the meal was cooked a long time ago.
I only know a snowflake cannot exist in a storm of fire.
A weed is a plant whose virtues are only waiting to be discovered.
Women may spend their whole lives looking for true love. If you wish for true love, learn to love yourself.
You do not wait for fulfillment, but brace yourself for failure.
At first, I saw mountains as mountains and rivers as rivers. Then, I saw mountains were not mountains and rivers were not rivers. Finally, I see mountains again as mountains, and rivers again as rivers.
Zen students must learn to waste time conscientiously.
No yesterday, no tomorrow, and no today - Sheng-ts'an
If the problem has a solution, worrying is pointless, in the end the problem will be solved. If the problem has no solution, there is no reason to worry, because it can't be solved."Labels: blogging, life, Philosophy
And In Other News...
Mini pigs are big success on farm"The pigs, which are about a fifth of the size of ordinary pigs, have been a hit with visitors at Pennywell Farm." [via BBC NEWS]
Russia backs Iran nuclear rights"Russia's President Vladimir Putin has offered qualified support for Iran's nuclear programme on a visit to Tehran." [via BBC NEWS]
Woman Steals Man Genitals"The woman, a 'beer parlor' owner - that's a bar, right? - named Grace, was accused by her lover, Kingsley, of stealing his dangly bits. The pair had been dating for some time, and they spent 29 nights together before Kingsley went away to visit his family in another part of the country." [via Absolutely True]
Seven sex tips guaranteed to work wonders"Hey, habits, even bad ones, take time to perfect. You don't just pick them up overnight. So the fact that you've had more than your fair share of sex in this life, while undoubtedly a great source of pride to you, probably means that over the years you've developed a few bad habits -- maybe learned to cut a few corners here and there in the bedroom. Happens to the best. Show us a gorgeous woman and we'll show you a man who's making love to her on autopilot at least once in a while." [via Men's Health]
Walmart Sanctifies The Toy Aisle With Talking Jesus Action Figures"The Des Moines Register would like you to know that Walmart is test marketing some talking Jesus action figures. The dolls will set you back $14.97." [via The Consumerist]
What's in the Vatican Secret Archives?"A publishing house associated with the Vatican announced on Friday that it will publish copies of the Parchment of Chinon, a 700-year-old document about the Knights Templar that was uncovered in the Vatican Secret Archives in 2001. What other goodies do the secret archives hold?" [via Slate Magazine]
Labels: animals, Iran, men, religion, sex, women
The MBA, Movies, Music and Saturdays
Saturday. The first time, in several years, that I have not ventured into the office. Unless there's an emergency, my Saturdays have now officially been reserved for study time, for the Durham MBA programme.
This feels rather odd. I mean, it's noisy around the house. So far, my ears have been assaulted by the sound of a lawn mower, the sweeping of a rake (suprisingly noisy), birds chirping, passing traffic, the wind blowing through leaves in a nearby tree, a neighbour's car stereo, and the construction (more like demolition) noise at a neighbour's house.
The office is (was?) the complete opposite. Desolate, quiet and best of all, came with easy access, via the on-site canteen, to Pudding & Souse, a Saturday must-have.
For one reason that I cannot, at this time, expand upon, I would like to watch
Vanilla Sky and
Jerry Maguire (both starring Tom Cruise and both directed by Cameron Crowe. Coincidence? I think not, the two of them obviously work well together). I don't recall meeting many people who liked both movies or at least one of them. In my book, both were equally good.
While looking through the "
memorable quotes" section of Vanilla Sky on The IMDb, I came across this one:
"Brian: Just remember, the sweet is never as sweet without the sour, and I know the sour."LOL. Ain't that the truth. I know the sour, too. Boy do I know it. Where's the "sweet," huh? LOL. I wish I knew.
For the same reason that I can't expand upon, when next I find myself in the car, I will be playing (on repeat) the song
"Standing Outside a Broken Phone Booth With Money in My Hand", by
Primitive Radio Gods. I first heard this song years ago, not at a club, but on the radio while driving. It has been one of my favourite songs ever since then.
"Fly Away," by Lenny Kravitz used to be my very own personal anthem. That song was liberating and represented freedom. But Lenny, sorry dude, your song just doesn't cut it any longer. Like a faithful companion,
SOABPBWMIMH has been there, through thick and thin, good times as well as bad. Just listening to the song puts me in a totally different frame of mind, or state of mind, or whatever.
The entire song is available (for free) via their
MySpace page. Click on the link that reads "Phonebooth demo ver..." If you can spare a moment, leave a comment on this post, and let me know what you think of it.
There you have it. Saturday. I have, what feels like, a ton of school work to do. So I best be going now.
Labels: education, life, MBA, movies, music, work
Hey Hey, It's Caturday!
From the folks at ICHC (
I Can Has Cheezburger?):


Labels: caturday, funny, lolcat
Random Post
(DISCLAIMER: IANAP, I Am Not A
Philosopher)
Despite this, I couldn't help but feel philosophical and curious when I noticed the status message of a friend on Gmail Chat. If I remember correctly, it read: '
Stoicism.'
So, I asked Google, and read a bit about it on Wikipedia. After which, I crafted my own little status message, which I felt was an appropriate (from my point of view) response in relation to the subject matter.
"Be like the rock in the ocean. Eventually, you will transform into the pebble."
Labels: Barbados, education, life, Philosophy
Blogging the MBA 3
The first module,
Managing in the Competitive Environment, of the
Durham MBA is finally over. The next big "thing," will be the written exam (on Oct 27) and the assignment (to be handed in on the day of the exam), which is a 2,500 word paper based on a
FedEx case study. Marks for this module are awarded fifty-fifty. That is, fifty percent for the exam, fifty for the paper.
What have I learnt from this module? Quite a bit. I'm still "consolidating" everything, but one or two important things stand out. Take for example,
strategy and whether or not it is planned or emergent. By emergent, I mean, does the strategy of a business just evolve as a result and in response to what is going on in its environment, or is it more planned?
A military battle would have, I would think, a planned strategy. However, as everyone knows, the battle field is not a static environment. As such, the strategic plan would have to allow for changes, and the combatants prepared to respond to these changes, else the battle will be lost! So, we have a lot of planning before the battle, but in the midst of it, we have to adjust the plan to take into account changes in the environment. The strategic plan therefore is not a static thing. It may start off being well defined, but as the environment changes, the strategy must change in response, if not, then the business may suffer.
Labels: Barbados, blogging, education, life, MBA
Blogging the MBA 2
Wow. Where to begin? University induction, rules and regulations were discussed and reviewed throughout the day on Oct 1. Oct 2 marked the start of the real teaching and learning (Managing in the Competitive Environment, a.k.a, MICE). This particular module (including induction) began on Oct 1 and runs until Oct 6. Classes start at 8:30 AM (and this is Durham time, people, not Barbadian time as in, 8:45 or 9:00 AM) and run until 4:30 PM. Every day, all day.
The classes are held at the Barbados Yacht Club. The room is large (seating around twenty-five of us, if I remember correctly), comfortable and air-conditioned. There are also several power strips for students and/or teachers to plug in their laptops, as well as (slow) wireless Internet access. Students have two fifteen or thirty minute (can't remember because I'm tired right now) coffee breaks (no doubt because of the large amount of information that students have to take in) and a one hour lunch. Coffee, juice and light snacks, are all provided as part of the programme. You're on your own as far as lunch is considered, however, there is a small bar/restaurant facility on the beach that serves some good, affordable food. Alternatively, I believe the BYC itself (Barbados Yacht Club) also serves a decent buffet lunch, or something similar, but I'm not familiar with their prices.
So far, it's been a non-stop barrage of information, information and more information. No shortage of printed material (colour and laser printed I might add), each student being given his/her own copy, no need to share (major plus, unlike my BCC days, where you were lucky to get a copy of a report or assignment for yourself). We've had, to date, about three printed case studies to review (primarily concerned with strategy and the management of it) and several videos to watch (case studies and lectures). Today, our case study was on Mount Gay. This involved reading a printed case study on them and visiting Mount Gay for an extensive and informative tour as well as several small samples of their flagship product, rum!
Labels: Barbados, blogging, education, life, MBA
Blogging the MBA 1
Drove down to the offices of CariMEC this morning, paid in my registration fees, collected a few handbooks and left (after realizing that tomorrow, not today, is the start of the full day of the programme). No worries. There are two rather large texts that I have to start reading through in anticipation of the first (of six) core modules. The first being:
Managing in the Competitive Environment.
Labels: Barbados, blogging, education, life, MBA