An Open Letter to Aspiring Presidential Candidates

Source: Gallup, Various Political Campaign Websites

As competition for the Republican Presidential nomination heats up, I wanted to invite all of the current declared Presidential nominees to my site for a 10-question interview on all elements of their policies ranging from healthcare to international security.

Format

Should a candidate accept my invitation, I will post a series of 7 questions on this site later this week. The candidate can send me his or her answers to those seven questions and I will post them on my site in a Q&A format. I will also send the candidate three questions tailored to that specific candidate. Governor Mitt Romney, for instance, should expect at least one question on healthcare, while Representative Bachmann should prepare for a question about the Tea Party.

President Obama is also invited to this site to answer the same questions should he have the time or inclination.

Posted in Business, China, Clean Energy, Clean Tech, Climate Change, Crime, Defense, Education, Energy Security, Finance and Economics, Food Security, Healthcare, International Security, Investing, Media, Middle East, Nuclear Power, Nuclear proliferation, Peak Oil, Policy, Politics, Social Security, Special Guests, Taxes, Terrorism, Unions, War | Tagged , , , , , , , , , , , , | 2 Comments

Capitalism, Unions, and Offshoring (Part VI): Recession

In the last installment of this series, Egalitarius’ management instituted several aggressive cost-cutting measures to offset the cost of more expensive unionized labor, and Meritocratus’ management moved its production facilities offshore.

This scenario starts before Egalitarius’ strike begins.

As both companies fought for market share, the global economy was hit by a crippling recession. Most industry analysts projected widget demand to drop across the industry by 10% in 2012.

Continue reading →

Posted in Business, Finance and Economics, Investing, Mathematics, Policy, Politics, Predictions, Taxes, Unions | Tagged , , , , , | 12 Comments

Capitalism, Unions, and Offshoring (Part V): Offshoring

In the last four installments of this series, the Widget Worker’s Union (WWU) brought Egalitarius to its knees with a strike that ultimately forced the company to declare bankruptcy. Before the WWU strike, Egalitarius’ management instituted several aggressive cost-cutting measures to offset the cost of more expensive unionized labor. This scenario starts at this point, long before the strike begins.

This time the focus is on Meritocratus.

While Egalitarius’ management balanced shareholder interests with society’s well-being, Meritocratus ruthlessly pursued maximizing its bottom line. Continue reading →

Posted in Business, Finance and Economics, Investing, Mathematics, Policy, Politics, Predictions, Taxes, Unions | Tagged , , , , , | 6 Comments

Build a Community: Ten Lessons From Four Months of Blogging (Part XI)

Source: WordPress, Reflections of a Rational Republican

In my first few months of blogging, over 50% of my traffic came from search engines. That said, I suspect that my other sources of traffic will increase over time.

A little over 30% of my traffic was from what I consider online communities. In the chart above, online communities include blogs, forums, email, and social networking sites.

Social networking sites have generated most of my traffic from online communities thus far. Email, not so much.

However, over time I suspect that other blogs and forums will grow as an overall share of my traffic, social networking sites will remain constant, and email will likely shrink.

Given this dynamic, building a robust online community seems to be a necessity for sustaining a successful, long-term blog.

Below are several ways to build a sustainable online community: Continue reading →

Posted in Blogging, Business, Education, Mathematics, Media, Predictions, Thurston and Talbot, Writing | Tagged , , , , , , , , , , , | Leave a comment

Capitalism, Unions, and Offshoring (Part IV): Strike!

After Egalitarius’ management launched its cost-cutting program in response to worker unionization, the Widget Workers’s Union (WWU) called for a strike. The union contended that Egalitarius’ cuts constituted unfair retaliation against the workforce’s unionization. It is also complained that the inferior materials Egalitarius now used were hazardous to the workers.

As a consequence, the union demanded that Egalitarius provide workers with more overtime hours, and that the company revert back to using higher quality materials.

With its back now against the wall, Egalitarius’ management has no choice but to call the union’s bluff.

Unfortunately. the union was not bluffing. Continue reading →

Posted in Business, Finance and Economics, Investing, Mathematics, Policy, Politics, Predictions, Taxes, Unions | Tagged , , , , , | 3 Comments

Capitalism, Unions, and Offshoring (Part III): Cost-Cutting

After encouraging its workforce to unionize, Egalitarius’ management saw a precipitous decline of 80% in its share price.

With an eye on saving the company and the executive team’s jobs, Egalitarius’ management implemented aggressive cost-cutting measures. Continue reading →

Posted in Business, Finance and Economics, Investing, Mathematics, Policy, Politics, Predictions, Taxes, Unions | Tagged , , , , | 6 Comments

Twilight in the Desert: Well-Documented Warning on Peak Saudi Oil

©2011 Reflections of a Rational Republican

Twilight in the Desert: The Coming Saudi Oil Shock and the World Economy is Matthew Simmons’ thoroughly researched and well-documented account of Saudi Arabia’s aging oil fields and what it means for the global economy. In the book, Simmons argues that Saudi Arabia’s years of plenty may soon be behind it. The focus on Saudi Arabia is critical since the Kingdom supplies about 70% of the world’s spare oil capacity. Even the smallest decline in the Kingdom’s oil output could wreak financial havoc on the industrialized world. Continue reading →

Posted in Book Reviews, Business, Clean Energy, Defense, Energy Security, Finance and Economics, International Security, Media, Middle East, Peak Oil, Policy, Politics, Predictions | Tagged , , , , , , , , | 59 Comments

Capitalism, Unions, and Offshoring (Part II): Workers of the World, Unite!

In the first installment of this series, we introduced two widget producers called Egalitarius and Meritocratus.

Egalitarius’ management encourages its workers to unionize, because it wants to ensure that the company treats them fairly.

With high ambitions to rectify Egalitarius’ “unfair” labor practices, the Widget Worker’s Union (WWU) organizes Egalitarius’ workforce.

Its first order of business is to demand a 20% pay increase.

Egalitarius immediately concedes.

Since labor constitutes 50% of a widget’s cost, Egalitarius’ cost of $0.70 per widget increases by 7 cents.

Additional WWU demands overwhelm Egalitarius’ legal department. As such, Egalitarius hires more lawyers to handle union complaints. This hiring raises the company’s overhead costs (SG&A) by 10%.

Continue reading →

Posted in Business, Finance and Economics, Investing, Mathematics, Policy, Politics, Predictions, Taxes, Unions | Tagged , , , , | 4 Comments

Capitalism, Unions, and Offshoring (Part I): A Tale of Two Firms

Once upon a time, there were two firms, Meritocratus and Egalitarius. Both firms operated in the $10 billion widget industry, and each had 50% market share.

Widgets were not a commodity. Purchasers were sometimes willing to pay a premium for a superior product.

By the end of 2011, both Meritocratus and Egalitarius had identical products. The only thing separating them were their operating philosophies. Continue reading →

Posted in Business, Finance and Economics, Investing, Mathematics, Policy, Politics, Predictions, Taxes, Unions | Tagged , , , , | 3 Comments

Will My Generation Do Better Than the Last?

Hearing this old Billy Joel song from the early eighties made me feel somewhat nostalgic about my childhood in Delaware and Pennsylvania.

It is also seems to me to be a bit melancholy.  The closing of a factory town. The passing of the torch from generation to generation. The bitterness and pain of change.

It made me wonder: will my generation do better than the last?

I ask this question not as a challenge, but as an honest effort to hear from others about their hopes and fears of the future.

“Do better” can mean whatever you want it to mean. It could mean that my generation will be wealthier than the last, or more or less responsible, etc.

I am just interested in opening up a dialogue and hearing different viewpoints, particularly from members of the current and last generation.

Posted in Media, Politics | Tagged , , | 15 Comments