Tag Archives: Wall Street Journal

Jan. 17, 2016 Blumbers

Millennial Money

On Jan. 8, 2016 The Wall Street Journal’s Sara Germano wrote “Holiday Sales Rose, But Not All Are Cheery” about how poor the latest generation of Americans are. More than 60% of milennenials who are employed full time year-round make less than the U.S. median income of $46,480 according to the U.S. Census Bureau.” Young people are struggling just to get by, causing constant stress and anxiety. Without high paying jobs, they will not be buying cars or houses. They will be living with their parents and not having children themselves. They will be scrambling to pay their college loans and little else. What is the solution?

Last year Dan Price CEO of Gravity Payments had an idea. Pay people a living wage. He raised the annual base salary of his employees to $70,000. He partly based his decision on a 2010 Princeton study by Nobel Prize economist Daniel Kahneman, who determined that less than that $70,000 forces poor people to make compromises that are harmful. Dan Price also based his decision on his own conservative religious upbringing about helping other people. He put his money where his people were.

Copyright 2016 DJ Cline All rights reserved.

Jan. 12, 2015 Wall Street Journal

On Jan. 12, 2015 the Wall Street Journal’s Mike Ramsey wrote “Electric-Car Pioneer Musk Charges Head-On at Detroit” about the way Tesla founder Elon Musk’s runs his car company. “During the launch of Model S production in 2012, Mr. Musk set up an office in the middle of the factory floor in Fremont Calif., and took over when hiccups emerged. He told workers to buy USB cables at nearby Fry’s Electronics Inc. stores after a snarl delayed a shipment from China.”

Gotta love the way Musk solves a problem. I wonder what kind of commission the salesperson at Fry’s got?

Copyright 2015 DJ Cline All rights reserved.

Apr. 11, 2011 The New Yorker

On Apr. 11, 2011 The New Yorker’s Ken Auletta wrote “Murdoch’s Best Friend” about Rupert Murdoch’s appointment of Robert Thomson to run the Wall Street Journal.

David Denby reviewed “Strange Trips” about the movie “Source Code” where a disabled veteran keeps living the same terrorist attack over and over with different results. It is like Groundhog Day.

Copyright 2011 DJ Clie All rights reserved.

Jan. 15, 2009 SDF Australia

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On January 15, 2009 at the Quadrus Conference Center in Menlo Park, SDForum and Austrade held the third annual “Australian Innovation – A Shoot Out”. Continue reading Jan. 15, 2009 SDF Australia