Writing

Whatever Happened to Six Sigma?

Whatever Happened to Six Sigma?

Six Sigma’s decline was also a symptom of a broader change in the corporate world, where innovation became more valued than efficiency, and technical precision was no longer a differentiator. Silicon Valley’s culture of “move fast and break things” meant business leaders were less concerned with reliability and more focused on game-changing discoveries. An obsession with efficiency, researchers have discovered (pdf), can come at the expense of invention.

“When I get up on an airplane, I’m very glad it went through a Six Sigma process—there’s a certain comfort in that,” says Mike Pino, a technology strategist at PwC who spent three years at GE. But at organizations built around Six Sigma, he says, “disruptive innovation is discouraged.”

Smart Investing Tips For Beginners

Smart Investing Tips For Beginners

7/27/21 by NPR

Web player: https://podcastaddict.com/episode/126276109
Episode: https://play.podtrac.com/npr-510338/edge1.pod.npr.org/anon.npr-mp3/npr/lifekit/2021/07/20210727_lifekit_investors_need_a_plan__-_life_kit_-_final.mp3

Investing is the most powerful way that we can save for retirement, college for our children and similar long-term goals. But if you’re just getting started it can be hard to separate the good advice from the bad.

In this episode, NPR Life Kit host Chris Arnold offers up a few tips for those who are just entering the world of investing.

A half million dollars?

A half million dollars?

I am getting close to a net worth of $500k which I should reach by the end of the year if the markets don’t completely crap out before the end of the year. It’s almost all money I’ve made myself and invested. I recognize that my current financial struggles are just a temporary dilemma as I build a secure retirement and save for my off-grid property that I should be able to buy with cash and live simply.

The way I look at it is if I can manage a 7% return on my investments over the next decade, I should be able to have more than a million on capital gains alone along with continued investments that will get me closer to $1.5 million by my mid-50s when I leave my good paying job for a better life. Plus wherever I end up moving, be it rural Missouri or South Dakota or elsewhere, I will probably still need a real job beyond my homestead for at least a few more years as I think universal health care is still a few years off.

Sounds like a lot of money but it really isn’t. Land and equipment is expensive and I hope to have many years in retirement. I don’t want to live fancy but I do want to have the money needed for the equipment needed for a hobby farm, a truck, four wheeler, guns and other implements for working the land.

Why do we buy so much stuff? – Vox

Why do we buy so much stuff? – Vox

What’s at the root of modern American consumerism? It might not just be competition among the brands trying to sell us things, but also competition among ourselves.

An easy story to tell is that marketers and advertisers have perfected tactics to convince us to purchase things, some we need, some we don’t. And it’s an important part of the country’s capitalistic, growth-centered economy: The more people spend, the logic goes, the better it is for everybody. (Never mind that they’re sometimes spending money they don’t have, or the implications of all this production and trash for the planet.) People, naturally, want things.

But American consumerism is also built on societal factors that are often overlooked. We have a social impetus to “keep up with the Joneses,” whoever our own version of the Joneses is. And in an increasingly unequal society, the Joneses at the very top are doing a lot of the consuming, while the people at the bottom struggle to keep up or, ultimately, are left fighting for scraps.

It is funny a few weeks ago I was reading Henry David Thoreau's Walden, and he was pointing out how by even the 1830s, consumerism was a big thing, so much that it wasn't uncommon for families to regularly pile up their broken furniture and other detritus and have big ol' bonfires. Nowadays, while farmers and rednecks still do the bonfire thing, ordering up dumpsters for purges is a regular thing.

NPR

3 Things To Know About The Great Rise And Fall Of Lumber Prices : NPR

It's been a roller-coaster ride for lumber prices over the last year – and it's drawn outsize attention from the aisles of Home Depot to the Federal Reserve.

Lumber prices surged to record highs this year on the back of booming demand from homebuilders and do-it-yourselfers with plenty of time on their hands. The price surge was so big and sudden, it became a symbol of what some economists feared: rampant inflation.

But over the past two months, lumber prices have been dropping equally fast, giving weight to the central bank's argument that pandemic price spikes for many products are likely to be temporary.

That's not the end of the story, however. Lumber prices may have fallen, but they are still elevated, creating new headaches for the critical housing sector. And companies in the lumber industry are wrestling with a new pandemic problem: a shortage of workers.