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http://www.well.com/user/mp/host.html
Expert witness in nearly all areas of business: finance, marketing, management, compensation, ethics...Author of 11 books on money and commerce
Interests: Licensed Pilot Single Engine Sailor Skier Welder Chinese Martial Arts student Motorcycles
Recent Activity
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I don't want my brilliant readers to think I have a carte blanche hostility to unions. I don't I have great sympathy for police and prison unions. The public has an ill informed-sandbox view of the world. The evil people that the police and prison guards have to deal with daily are almost universally sub- human. The police and guards... Continue reading
Posted 4 days ago at Pro Commerce
My only source is Wikipedia. Only one person was sucked out. Sadly. It was explosive decompression after a crack in one exterior plate. The entry says air escapes at 22,000 ft at 700 mph. Of of course oxygen was automatically deployed. Interestingly the cockpit door was blown off. 65 people were injured. How? Did any of them die. I based my entry solely on my memory of the news 30 years ago.
Toggle Commented 3 days ago on Glaser bullets at Pro Commerce
1 reply
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My book on the sources of modern commerce is still in the editing stage with many very helpful comments from family and friends. So far, I have not included material on the forces opposing modern commerce. But I think a lot about it. Most of Europe has gotten off the track to modern commerce which was thoroughly encouraged up until... Continue reading
Posted 4 days ago at Pro Commerce
I have not forgotten the Hawaiian Air flight in which a small crack resulted in total decompression which swept 3 people out of the cabin at a fairly low altitude.
Toggle Commented 6 days ago on Glaser bullets at Pro Commerce
1 reply
I have been occasionally distressed in watching action films on TV to see gunfights on airplanes. I assumed that the bullets piercing the airliner hull would result in immediate decompression catastrophe. It never happens. I learned why, at a gun training session where I was introduced to Glaser bullets. Invented in the late 1970’s specifically to deal with the air... Continue reading
Posted Apr 17, 2017 at Pro Commerce
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I’m getting older these days. For those of my readers who aren’t there yet, many of my peers complain about every imaginable pain or physical disruption. I try not to complain. From my point of view, having read nearly every Stephen Jay Gould book on human evolution, most evolutionary forces don’t act on populations after reproduction age. The exception seems... Continue reading
Posted Apr 16, 2017 at Pro Commerce
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Understanding 'culture' is very rare, though we use the word casually. My readers are smart so I expect many of you to understand what culture is the way I do. One of my daughters who is a biophysical chemist says I don’t understand science so I would guess my other daughter, a cultural anthropologist, would say I don’t understand culture.... Continue reading
Posted Apr 6, 2017 at Pro Commerce
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I have been writing this blog every day for 5914 days in a row. Yesterday was the first day in 16 years that I didn’t write or post a blog. What is going on? It is not my health. I am healthy and still swim every week and still go to Tokyo for a month every year. Two things converged.... Continue reading
Posted Apr 2, 2017 at Pro Commerce
There is an interesting video on my Facebook by Dick Morris a former campaign manager on national campaigns. I’ve put it here but I don’t think you need to see it to get the point. Morris points out that the brilliant D.J.Trump has ended Obamacare already so a Congressional action is just superfluous. Just show boating. Trump signed an executive... Continue reading
Posted Mar 30, 2017 at Pro Commerce
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In the days when I was a banker and head of marketing research I spent time with my outside survey research firms. One of them had a beer client. A standard taste test for beer was to start the test subjects off with their favorite beer. The subjects would then be given a subsequent series of different beers. All double... Continue reading
Posted Mar 29, 2017 at Pro Commerce
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I had a spectacular meal on Sunday evening. It was at Cotogna in San Francisco. The second time I have gone. I will go often. Maybe once a month, it is so good. After the French Laundry opened in 1994 I went every two months for Saturday lunch for five years. I could only get reservations 60 days from the... Continue reading
Posted Mar 28, 2017 at Pro Commerce
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I have sent out a monograph I have written to my son and several close friends. The monograph is, metaphorically, the top floor of the building I have been constructing about the the structure of modern commerce. You will get to read it soon. My son points out a key problem in explaining modern commerce: it is invisible. I am... Continue reading
Posted Mar 27, 2017 at Pro Commerce
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A recent paper by Anne Case and Angus Deaton, two professors from Princeton, report on finding a startling rise in death and morbidity among among men and women in mid-life. This is associated with the overall decline in American lifespan. They put all the causes, liver damage, opioid deaths and suicide into one category: despair. The change is dramatic. The... Continue reading
Posted Mar 26, 2017 at Pro Commerce
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It is hard to make out what is happening in this photo. A homeless man has broken open a street sign for access to a plug and plugged in his cell phone. It reminds me that in the 1980s when I had built a park for street people and was trying to find ways to make their lives more comfortable,... Continue reading
Posted Mar 25, 2017 at Pro Commerce
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Economics traces its history back to Adam Smith in the late 1700s. Business as an academic study can’t trace its history back at all. The first schools of business began appearing in the late 1800s. No two alike. I was a graduate student in economics and left when it became clear that the faculty of U.C. Berkeley was all pro-Fidel... Continue reading
Posted Mar 24, 2017 at Pro Commerce
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The photo on the right is a line, on a weekend mid-day, of people waiting to get into Zazie’s restaurant. Zazies’ is very popular. It has everything; petite tables with French decor and the scene where all the techies and foodies want to be seen. What I love is that the line on the left end is in front of... Continue reading
Posted Mar 23, 2017 at Pro Commerce
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Politics can be fun, sometimes. The City government of San Francisco was cutting the budget a few years ago to make more room for union pension payments. The cost of maintaining trees on public sidewalks stood out as a visible target. About $30 million in salaries to trim and care for street trees, became the target. So the City passed... Continue reading
Posted Mar 22, 2017 at Pro Commerce
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This is a weird blog. I have put together my view of the wealth of nations. I am going on a per capita basis. I have also visited most of the countries listed. I leave China off the list of the wealthiest because China may be a big producer and consumer but there are a billion Chinese who are barely... Continue reading
Posted Mar 21, 2017 at Pro Commerce
The Wisc. and Maine policies make sense. Welfare only for those regularly seeking jobs. Local jobs for welfare recipients in cleaning and maintenance. Significant incentives for mothers living with the father of their children. And parks on urban outskirts for homeless with some modest work associated.
Toggle Commented Mar 20, 2017 on Poverty at Pro Commerce
1 reply
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One of the standard complaints about modern commerce is that it creates large differences in the living conditions of the ‘haves and have not's. Between the successful middle class nearly everywhere and the persistent poor found in almost all prosperous nations. This is a serious confusion of two separate and independent factors. Modern commerce rewards some disproportionately more than others.... Continue reading
Posted Mar 20, 2017 at Pro Commerce
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I have explained that the modern world is the by-product of modern commerce. Not science, technology, medicine, economic growth, government, capital or religion…. It is only the by-product of modern commerce. I have shown that modern commerce is made up of three distinct types of business; trade, clientry and industry. Only industry has created and been an integral part of... Continue reading
Posted Mar 19, 2017 at Pro Commerce
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There were many elements that went into the first successful trading nation. Holland in the 1600’s was the first major global trading nation. Trading posts had been developed on sea lanes by the Phoenicians, the Vikings, the Chinese, the Viennese and specifically in the North Sea region by the Frisians (the main source of the English language). Bookkeeping, a vital... Continue reading
Posted Mar 18, 2017 at Pro Commerce
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A synonym for openness is honesty. I have always preferred to talk in terms of openness because ‘honesty’ is the absence of deceit. Openness is a condition where deceit can not even take root. A small difference but I prefer the open environment to one that depends on ‘honest’ people being honest all the time. Why would modern commerce need... Continue reading
Posted Mar 17, 2017 at Pro Commerce
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One of the values that makes the modern commercial world possible is ‘diversity’. Unfortunately, many who might otherwise love modern commerce, have the wrong idea about ‘diversity’ as it applies to commerce. Diversity in this context does not mean gender difference, melanin difference or difference in income level or ethnicity. A group of five people who are on the board... Continue reading
Posted Mar 16, 2017 at Pro Commerce
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I did one blog demolishing all the wrong reasons people use to explain what created the modern world, The only source of the modern world is modern commerce, beginning with the industrial revolution. I did another blog explaining the three main varieties of modern commerce, trade, clientry and industry. Understanding these three categories is necessary to see the elements of... Continue reading
Posted Mar 15, 2017 at Pro Commerce