Quote of the Day-Sept. 28, 2015

“It only takes a second to change, but a lifetime to maintain change.”
Tom Peters

Thomas J “Tom” Peters  is an American writer on business management practices, best known for In Search of Excellence (Co-authored with Robert H Waterman Jr.) The primary ideas espoused solving business problems with as little business-process overhead as possible, and empowering decision-makers at multiple levels of a company.

Destruction of US Middle Class: Incompetence or Intentional

While government and media attack the wealthy Americans to pay their share, their tax policies fall almost exclusively on the Middle Class. Of course that’s not an accident. If government confiscated every dollar from the rich it would only run the government a few months. As long as the government spends more than it takes in it has to take the extra money from the middle class.

Earlier this year it was estimated that American savers have lost $470 billion in interest income since 2008. The great majority of those savers had middle incomes. So low interest rate policies of government have cost the middle class dearly.

The question is: Is the government intentionally destroying the middle class or are they so concerned about the next election they have lost site of the damage they are doing.

All great democracies have fallen between 200-250 years. US is at 239. How have they fallen? When the people learn they can get things for nothing by electing officials who will placate them. In the history of mankind it has been very hard for politicians to say no to their constituency. Likewise it has been impossible for the populace to stop taking the hand outs they quickly become accustomed to.

Is what’s happening in US incompetence or intentional? It really doesn’t matter. The real question is: will the middle class pull together to quit giving more hand outs.

Top Threats for Business Security

Those of us in Hospitality industry are very familiar with, and typically have plans in place to avoid/minimize employee theft and white collar crime or fraud.

Do your hotels or restaurants have plans in place on how to handle:

-Terrorism

-Workplace violence

-Property crime—protect your intellectual property.

Some hotels and restaurants, and the companies that own/operate them, are doing adequate job protecting customer records. When it comes to protecting business and financial records appears most hotels and restaurants are doing very little, except having weak password protection.

We find US hotels and restaurants have done almost nothing when it comes to recognizing possible terrorism threats or warning signs that indicate potential workplace violence. All employees need to know what to watch for, and how to report the possibility of either of these.

Best counter to terrorism and work place violence is a staff (including all hourly employees) who understand behaviors and things to watch for.

I’d like to hear from any of you that have programs in place for these. If you are using outside companies, who is good?

China Engaging US and World Financially and Militarily

Last month China fired a shot in the Currency Wars by devaluing the Yuan against the dollar.

For couple of years China has been creating artificial islands in South China Sea. That’s an area claimed by several foreign countries, and hundreds of miles from China. Now China is building military bases on these islands.

Recent satelite pictures show what appears to be an airstrip being built on one of the islands. This is the third runway on an artificially created island.  On another artificial island Chinese are clearly building facilities to handle large ships.

China has adopted a strategy from the founding days of the US. Occupy an area (the Oregon Territory)  and then claim it as your own. Great Britain and Russia were already in the area. Today, several countries already have long established presence in South China Sea. By building military bases and airstrips on islands they have created, the Chinese are saying to the rest of the world, “we are here and claim this, take it away if you dare.”

What is China’s Goal?

To establish military presence closer to Southeast Asia. Establishing themselves in South China Sea, far removed from China, enables them easy military access to Japan, Koreas, Phillipines, etc.

US is calling on China to stop it’s expansion in the area to allow time for diplomatic solution. Apparently America’s politicians and leaders can not be bothered with a study of US history.

Next it would be logical for China to solidify in the area with advanced air defenses.

What Is Importance of South China Sea?

Two fold,

-off-shore oil and gas exploration and

-military domination and threat to several US allies who have treaties that the US will militarily defend on their behalf.

China is challenging US with our Allies. Is US willing to go to war to support our allies and push China out? China is betting US will abandon our allies, forcing them to depend on China, thus establishing China’s domination of a huge area of the world.

American’s need to compare China’s action to China developing military bases in the Caribbean to threaten US and exert their dominance over Central and South America. (China has already invested hundreds of billions throughout Central and South America to further develop resources of those countries, while creating opportunity for improved standard of living for people in those countries. Meanwhile, what is US doing to improve our image and presence in Central and South America?