luni, 28 septembrie 2015

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Seth's Blog : Thanks, let's write that down

Thanks, let's write that down

One way to deal with clients, with criticism, and with feedback is to not insist on resolving it in the moment.

Taking feedback doesn't have to be the same thing as resolving feedback. 

It's tempting to challenge each bit of criticism, to explain your thinking, to justify the choices. This back and forth feels efficient, but it fails to deliver on a few fronts.

First, it makes it more difficult for the client to share her truth, to feel heard.

Second, it escalates the tension, because it's almost impossible to successfully resolve each item in real time.

If you write it down, you can accept the feedback without judgment.

And then, after it's all written down, after the feedback is received, people can change roles. You can sit on the same side of the table, colleagues in search of the best path forward.  You can rank by expense, by urgency, by importance. You can agree on timelines and mostly, say, "what do we do now?"

       

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duminică, 27 septembrie 2015

Mish's Global Economic Trend Analysis

Mish's Global Economic Trend Analysis


Refugees Shop for Best Handouts and Climate; Disgruntled Migrants Decide "Finland's No Good"

Posted: 27 Sep 2015 06:07 PM PDT

Beggars can be choosy. And they are. For example, many refugees whine 'Finland's No Good', because of the cold.
Hundreds of predominantly Iraqi migrants who have travelled through Europe to reach Finland are turning back, saying they don't want to stay in the sparsely-populated country on Europe's northern frontier because it's too cold and boring.

Migrants have in recent weeks been crossing back into Sweden at the Haparanda-Tornio border just an hour's drive south of the Arctic Circle, and Finnish authorities have seen a rise in the number of cancelled asylum applications.

"You can tell the world I hate Finland. It's too cold, there's no tea, no restaurants, no bars, nobody on the streets, only cars," 22-year-old Muhammed told AFP in Tornio, as the mercury struggled to inch above 10 degrees Celsius (50 Fahrenheit) on a recent blustery grey day.

He had already travelled from Tornio to the capital Helsinki almost 750 kilometres (465 miles) south, and then back up to the Tornio border again to return to Sweden.

Another group of around 15 Iraqi refugees waiting at the bus station that Tornio shares with its Swedish twin town Haparanda also said they wanted to go back to southern Sweden.

"Finland is no good," the men echoed each other.
Reader Blair who sent me the link commented: "So, the search continues, by those whose lives were in grave danger, for free services... in a nice climate... with a lively social scene."

Mike "Mish" Shedlock

Catalan Separatist Parties Victorious, Unprecedented Voter Turnout

Posted: 27 Sep 2015 01:28 PM PDT

The showdown in Spain between the independence parties and Madrid is sure to heat up following today's elections.

Here is a link to the Live Vote Totals.

With 70% of the vote counted, the parliament totals look like this:



In terms of popular vote, it appears the separatists will fall short of an absolute majority. Separatists will get about 47% of the popular vote.

Pro-Independence Rally on Friday



Above image from Financial Times.

Current totals show prime minister Mariano Rajoy's conservative Popular party is going down in a crushing defeat with only 8.46% of the vote.

Mike "Mish" Shedlock

Total Lunar Eclipse September 27-28: Where to See It, How to Photograph It

Posted: 27 Sep 2015 11:57 AM PDT

There is a Total Lunar Eclipse tonight visible of most of the US. You may want to watch it. The moon will likely appear strong red or orange, giving the name "blood moon".



click on table for sharper image

The Penumbral phase is weak and not easily seen so you may wish to observe it at other times.

Photographer Michael Frye took a time series of the Lunar Eclipse Over the Trona Pinnacles last April.



I missed that eclipse because it totally clouded up here. I will likely miss the one tonight because of clouds.

If your mission is to photograph the the moon, see the above article and also his article Photographing the Lunar Eclipse.



Oak tree and lunar eclipse sequence, December 10, 2011, Sierra foothills, California. ©Michael Frye

Michael Frye is one of the best, if not the best landscape photographer in the US.

I highly recommend his PDF ebook Landscapes in Lightroom: The Essential Step-by-Step Guide.

If you are a photographer using Lightroom, regardless of where you live, please do yourself a favor and get his book, recently updated to include new Lightroom 6 and Photoshop CC features including HDR Merge and the Panorama Merge.

Mike "Mish" Shedlock

Seth's Blog : The 2% who misunderstand you

The 2% who misunderstand you

Sometimes, it's essential that you be completely understood. That every passenger knows where the emergency exit is, or that every employee knows how it is we do things around here.

But most of the time, if 2% of your audience doesn't get the joke, doesn't learn what you seek to teach them, doesn't understand the essence of your argument, it's not the problem you think it is.

Sure, the 2% who are underinformed can write reviews, tweet indignantly and speak up. You know what? It doesn't matter that much.

If you insist on telling everyone on the airplane precisely how to buckle their seatbelt (!), then yes, of course you're going to not only waste the time of virtually everyone, but you're going to train them not to listen to the rest of what you have to say.

If you insist on getting every single person in the room to understand every nuance of your presentation, you've just signed up to bore and alienate the very people you needed most.

When you find yourself overwriting, embracing redundancy and overwhelming people with fine print, you're probably protecting yourself against the 2%, at the expense of everyone else. (And yes, it might be 10% or even 90%.... that's okay). 

When we hold back and dumb down, we are hurting the people who need to hear from us, often in a vain attempt to satisfy a few people who might never choose to actually listen.

It's quite okay to say, "it's not for you."

       

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sâmbătă, 26 septembrie 2015

Mish's Global Economic Trend Analysis

Mish's Global Economic Trend Analysis


How US Corporations "Cooperate" With China; Xi’s China: A Place Called Hopelessness

Posted: 26 Sep 2015 06:12 PM PDT

In response to Why I'm Never Going to "Two-Bit" China an anonymous reader sent links to a video on how US companies are forced to cooperate with China and an article on "Xi's China" from the Daily Beast.

Both may be a bit over the top, or not, in the eyes of the viewer. Let's start with the video from China Uncensored.

China Tells US Tech Companies to "Cooperate"



Xi's China: A Place Called Hopelessness

Next please consider  Xi's China: A Place Called Hopelessness
As China's President Xi Jinping visits the United States this week, Americans will have little sense what it's like for his people back home. His top internet censor, Lu Wei, organized a technology summit in Seattle earlier this week.  Alibaba's Jack Ma and Apple's Tim Cook have been in tow, in addition to other tech giants. After a round of diplomatic pomp in Washington D.C., President Xi will address the United Nations General Assembly in New York on Monday before returning to Beijing in time for National Day celebrations at home. His message will be of success in the present and for the future.

Ask the ant tribe. They're educated, young professionals who live in near-poverty conditions, grinding away at soul-crushing jobs—not careers—that yield no personal satisfaction and zero financial growth. Typically from rural areas, most have settled in northwest Beijing, where their living quarters are cramped and they have no personal space. They're smart, they work hard, yet receive no recognition and can't shake off anonymity. So, people call them ants.

This year, nearly 7.5 million fresh Chinese university graduates entered the workforce, or attempted to. But because of the massive influx of new labor, increased year on year, competition has become cutthroat even as salaries have fallen, in some cases, lower than the wages received by factory workers. Cost of living continues to increase in tier-one cities, and prospects for members of the ant tribe eventually to own their own houses are slim. "I'll never be able to get married and provide for a family. I feel like I'll always be stuck in these six square meters," groaned Xiao. Rent is ¥1300, or about US$200, a month. That may not seem like much, but after other expenses, most of Xiao's ¥3,300 ($520) paycheck is gone.

In the fantasy world that the Chinese Communist Party has created for its revised history books, the state takes care of every citizen. But the ant tribe knows firsthand that this is not the case. Calling the Chinese president by his nickname, Xiao said, "Xi Dada says the youth are this country's future, but most of us don't have any opportunities. We graduated from university but there aren't any jobs available to us, at least not in the subjects we studied."

Xi Jinping's crusade against corruption has "swatted flies" and "hunted tigers," who conveniently are the Chinese leader's political enemies. China's millionaires can't leave the country fast enough. China's rural areas have a gaping security vacuum; forced demolitions, evictions, and land seizures still take place frequently, at times with deadly results. Soon, the CCP will begin transforming 82,000 square miles of land around Beijing into a megacity that's about the size of Kansas, and it will hold over 100 million people, or more than one-third of America's population. What will the ant tribe look like when that time comes? What does it mean for Chinese society when routine overtakes imagination, if it hasn't already?
China is hardly the miracle its proponents make it out to be. And it's system of government outright sucks.

Make statements like that in China and you will get arrested, or worse.

Mike "Mish" Shedlock

How Long Will Janet Yellen Last as Fed Chair? Fed Declines to Comment on Her Health, I Will

Posted: 26 Sep 2015 12:43 PM PDT

Fed Chair Janet Yellen's health is in question after she could not read her prepared text in a lecture on inflation last Thursday.

About 50 minutes into her speech, she paused for about 25 seconds, then repeated phrases and missed words.

MarketWatch reports Yellen Stumbles Towards End of Speech at Amherstt. 

Yellen Video #1



Fed Declines to Comment

The Wall Street Journal reports Fed Declines to Comment on Yellen's Health
The Fed chairwoman, 69 years old, faltered roughly 50 minutes into a lecture on the economy and inflation Thursday at the University of Massachusetts Amherst. She stumbled over her prepared text, paused for long stretches several times, missed and jumbled some words in the text, and coughed before concluding her speech and leaving the stage.

The Fed spokeswoman, Michelle Smith, on Thursday said Ms. Yellen "felt dehydrated at the end of a long speech under bright lights" and was seen by emergency medical technicians as a precaution, but "felt fine afterward" and attended a dinner on campus.

Bloomberg News reported Ms. Yellen appeared fine after her dinner and flew back to Washington on Friday from Hartford, Conn., telling fellow passengers at the airport that she felt better. "I look good now, don't I?" she said, according to the news outlet.
Yellen Video #2 - Close Up



Claim Investigation

Inquiring minds may wish an investigation of Yellen's claim "I look good now, don't I?"

Here is a sample of recent images from which readers can judge.



It's Better to Look Good Than Feel Good

Yellen says she looks good. And you know what they say.



Link if video does not play: "Fernando's Hideaway"

Let's be honest. Yellen looks God awful. She is 69 but looks 80. There is a load of pressure on the Fed Chair, and I highly doubt she can last another year.

How many rate hikes will she get in before she steps down for health reasons? Any?

By the way, the Fed has not hiked in 20 years in any year in which the stock market was negative year-over-year at the time.

Mike "Mish" Shedlock

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Seth's Blog : More of a realist

More of a realist

When did being called a 'realist' start to mean that one is a pessimist?

Sometimes, people with small goals call themselves realists, and dismiss those around them as merely dreamers. I think this is backwards.

"I guess I'm more of a realist than you," actually means, "I guess I've discovered that a positive attitude, a generous posture and a bit of persistence makes things better than most people expect."

Hope isn't a strategy, but it is an awfully good tactic.

       

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