Category Archives: Business/Economics

Links o' the day, 21/10/2008

The program for a supermajority. (Crooked Timber)

Ctrl-Alt-Del. (Robert Cringley)

Florida woman goes to jail over $7.45 bill. (AP)

Inconsistency irks with letter of the law. (Football365)

Reviving the fine art of cafe culture. (The Irish Times)

European economic weather map. (FT.com)

Group says US used Ethiopia for dirty work. (The National)

And special mention for behind-the-times headline of the day:

Greens, greens, they’re good for your heart: study (AFP)

Diets worldwide that are rich in fried and salty foods increase heart attack risk, while eating lots of fruit, leafy greens and other vegetables reduces that risk, a groundbreaking study showed.

(The study was groundbreaking because it included developing countries, but this information is buried in the story.)

Links o' the day, 20/10/2008

Family faces eviction over Hallowe’en display. (Irish Independent)

Gap widens between British and Irish fortunes — for now. (Slugger O’Toole)

Cork and Cobh are rated dirtiest. (The Irish Times)

Low budget Lollywood zombies invade India. (The National)

A powerful memorial. (Jeff Jarvis)

ArtSunday: The nonlinearity of influence. (Scholars and Rogues)

Yahoo plans cost-cutting moves, layoffs. (CNet)

Some papers in financial trouble are leaving the AP to cut costs. (International Herald Tribune)

Money, money, money

If South Korea needs to only inject $30bn to stabilise its economy, and Germany needs to come up with a process to streamline requests for aid expected under a €480bn ($650bn) rescue plan, does this imply that Asian economies are more resilient than European, that European banks had a different investment strategy, or just reflect on the size of comparative economies?

It’s Saturday so no links post today.

Sounding the economic death knells

From Reuters:

Ireland’s was the first eurozone economy to slip into recession this year, figures showed on Thursday, as the bursting of a property bubble ended 25 years of sustained growth in the once mighty ”Celtic Tiger”.

Official data from the country’s Central Statistics Office showed gross domestic product (GDP) fell for the second successive quarter in the three months to end-June, the technical definition of economic recession.

I thought we were already in a recession, but hey, what do I know?

IT management

I’ve enjoyed Robert Cringley’s recent series of blogicles on IT management — largely because it’s given me a greater understanding of a world that has, at various times, interested and frustrated me. He also draws a distinct line between management and leadership, two concepts that are often conflated but require very different skillsets.

If you get the chance, have a look at the three columns about the “Cousin IT of American industry”:

We serve the company but often don’t feel part of it. Certainly the value structures and lines of authority that function perfectly well for most of the rest of the company don’t work at all well for IT. We’re vital but at the same time, well, so different that it’s hard to imagine a CEO emerging from the IT ranks. It happens from time to time. Everyone points to John Reed, who rose from IT to CEO of Citicorp, but Reed was an exceptional case. He succeeded because his predecessor, Walter Wriston, had an unusual interest in IT and mentored Reed. Reed succeeded, too, because he didn’t really come from IT but from Data Processing, which was more hierarchical. And ultimately he didn’t succeed at all, by some measures, because John Reed was fired.