How to break free of the wrong career

Ibarra (2002) believes that instead of wasting too much time planning, analysing, and researching career change options, you should take action first and work through the results iteratively afterwards. Through an action-oriented approach you can adapt, regroup your thoughts, and reorient your pathway from real-life experience. This means that your career change is never a pipedream that is too risky to implement because you are actively pursuing change. You have real-life information on which to base a decision.

It’s also a good way of exploring our many different “selves”. Ibarra quotes research from cognitive psychologist Hazel Markus (1986), Possible Selves, which explores the idea of multiple adult identities formed in the present, past and future. (…) Ibarra does not believe that we can find our one “true self” and that too much introspection will amount to nothing more than daydreams. It’s action that counts.

{ ona76 | Continue reading }

Using within-state variation in employment and unemployment, we find that recreational exercise tends to increase as employment decreases. In addition, we also find that individuals substitute into television watching, sleeping, childcare, and housework. However, this increase in exercise as well as other activities does not compensate for the decrease in work-related exertion due to job-loss. Thus total physical exertion, which prior studies have not analyzed, declines.

{ National Bureau of Economic Research | Continue reading }

She found that 20 percent of the models on the agency’s books were in debt to the agency. Foreign models, in particular, seem to exist in a kind of indentured servitude, she writes, often owing as much as $10,000 to their agencies for visas, flights, and test shoots, all before they even go on their first casting call. And once a model does nab a job, the pay is often meager. (…)

Why do so many models operate against their own economic interests? Mears details how, in the fashion world, there is typically an inverse relationship between the prestige of a job and how much the model gets paid. A day-long shoot for Vogue pays a paltry $150, for instance, while a shoot for Britain’s influential i-D magazine, which Mears calls “one of the most sought-after editorial clients for a model,” pays absolutely nothing, not even the cost of transportation or a copy of the magazine for the model’s portfolio.

The alternative to high-fashion poverty is to be a “money girl,” working for catalogs and in showroom fittings, jobs that pay well and reliably. The best-paid model at Mears’ agency, for instance, was a 52-year-old showroom model with “the precise size 8 body needed to fit clothing for a major American retailer. She makes $500/hour and works every day.” But the commercial end of modeling is widely derided within the industry as low-rent, as mere work without glamour. Once a model has done too many commercial jobs, she is thought to have cheapened herself, and it’s exceedingly difficult for her to return to high fashion.

{ Slate | Continue reading | Thanks Tim }

photo { Yasuhiro Ishimoto, Untitled (Chicago), 1948 }

Yahoo has a bureaucracy problem that I attribute to former CEO Terry Semel, who hired legions of vice presidents. (…) Since Semel didn’t seem to get what Yahoo was about, he hired lots of people to keep him from having to personally deal with it.

Here’s how my friend Randy put it: “My beef with Yahoo is that they have way too many layers (I might have the exact titles wrong, but the number of layers is right) — associates, senior associates, managers, senior managers, directors, senior directors, general managers, VPs, SVPs, EVPs, regional presidents. This is absolutely crazy. They have more VP-level employees than you could ever imagine. Their product and engineering talent sits under all of these layers. It’s no wonder they’re not a technology company anymore. That’s what they need to fix first — flatten the company. Firing a bunch of senior execs who can’t get it done and not replacing them would go a long way.”

{ Robert X. Cringely | Continue reading }

Technically, fundamentally, and economically everything that can go wrong is going wrong for the stock market – all at once.  Which is a positive development for those who understand the need for closure and rock-bottom. In life, the fear of future events is typically worse than when those fears are realized, particularly when the overhang drags on for so long a period of time. I think I speak for most market participants when I say that I’m pleased to see the endgame approaching faster up ahead, because it is only on the other side of these issues that we can progress to the next phase.

{ Joshua M Brown/The Big Picture | Continue reading }

Choice is a central tenet of a free society. From the brand of cereal we eat for breakfast, to the answers we give on a survey, or the people we select to be our leaders, we frequently define ourselves by the choices we make. Yet a recent study appearing in the journal Applied Cognitive Psychology suggests that there are factors that can significantly influence our free will without us even knowing it.

In their article ‘Preferring the One in the Middle: Further Evidence for the Centre-stage Effect’, researchers Paul Rodway, Astrid Schepman and Jordana Lambert of the University of Chester, UK analyze three separate but related experiments in which they tested the association between the location of an item in a series and how often that item is selected as preferable over other choices. The results indicate a clear tendency toward favoring items located in the middle of a row – regardless of whether it runs horizontally or vertically. (…)

This research builds on previous studies showing that middle preference is applicable to non-identical items as well as items arranged vertically and those that appear in the form of a questionnaire. More broadly, Rodway concluded, “it’s possible that this preference applies in a range of social contexts, including televised political debates where being in the middle may convey an advantage.”

{ EurekAlert | Continue reading }

screenshot { Frederick Wiseman, The Store, 1983 }

Mothers who inherited either one or two copies of a particular form of the dopamine D2 receptor gene, dubbed DRD2, cited sharp rises in spanking, yelling and other aggressive parenting methods for six to seven months after the onset of the economic recession in December 2007, sociologist Dohoon Lee of New York University reported August 22 at the American Sociological Association’s annual meeting.

Hard-line child-rearing approaches then declined for a few months and remained stable until a second drop to pre-recession levels started around June 2009, the research showed.

Mothers who didn’t inherit the gene variant displayed no upsurge in aggressive parenting styles after the recession started, Lee and his colleagues found.

{ ScienceNews | Continue reading }

images { 1 | 2 }

In a new book, Levinson explains how local mom-and-pop stores — with their limited selections, high prices and nonstandard packaging — paved the way for national chains like the A&P to swoop in and dominate the grocery industry. (…)

The A&P, which originally focused on the tea market, opened its first small grocery store in 1912. Unlike traditional mom-and-pop stores, the A&P had no telephone, no credit lines and no delivery options. They also had lower prices.

“People figured out they could save money by shopping there,” says Levinson. “It stocked only items that were fast-sellers, so it wasn’t stuck with an inventory of products no one was buying. It had limited hours. It had a single employee. … They found a way to sell groceries cheaper. … Within eight years, this approach turned their company into the largest retailer in the world.”

By 1930, the Hartford family, which owned A&P, had opened up almost 16,000 more stores. The stores themselves also expanded in both size and selection. (…)

Controlling both the retail store and the supply chain gave the A&P a huge advantage over corner grocery stores because the A&P could run the factories at a lower cost. In addition, the A&P started to bypass wholesalers and go directly to distributors for various products.

{ NPR | Continue reading }

Last year, for the first time in history, a billion cars and trucks hit the road. (…)

What’s stunning is how far countries like China and India still have to go. Right now, there’s one car in China for every 17.2 people, compared with one car for every 1.3 people in the United States. If China caught up to the U.S. ownership rate, the country would field a billion vehicles all by itself.

{ Washington Post | Continue reading }

photo { Laura Helms }

{ The most valuable coin in the world sits in the lobby of the Federal Reserve Bank of New York in lower Manhattan. It’s Exhibit 18E, secured in a bulletproof glass case with an alarm system and an armed guard nearby. The 1933 Double Eagle, considered one of the rarest and most beautiful coins in America, has a face value of $20—and a market value of $7.6 million. | How did a Philadelphia family get hold of $40 million in gold coins, and why has the Secret Service been chasing them for 70 years? | Businessweek | full story }

A woman who took her partner’s name or a hyphenated name was judged as more caring, more dependent, less intelligent, more emotional, less competent, and less ambitious in comparison with a woman who kept her own name. A woman with her own name, on the other hand, was judged as less caring, more independent, more ambitious, more intelligent, and more competent, which was similar to an unmarried woman living together or a man.

Finally, a job applicant who took her partner’s name, in comparison with one with her own name, was less likely to be hired for a job and her monthly salary was estimated $1,250 lower (calculated to a working life, $500,000).

{ Basic and Applied Social Psychology | Continue reading | via The Jury Room }

There’s one prediction about driverless cars that I can make with confidence: If millions of them ever roam the public highways, they will be far safer than cars driven by people. My confidence in this assertion does not derive from mere faith in technology. It’s just that if robotic drivers were as dangerous as human ones, then computer-controlled cars would never be allowed on the roads. We hold our machines to a higher standard than ourselves.

Over the past decade, the number of auto accidents in the United States—counting only those serious enough to be reported to the police—has been running at about six million a year. Those accidents kill about 40,000 people and injure well over two million more. Estimates of the economic impact are in the neighborhood of $200 billion. Much of that cost is shared among car owners through premiums for auto insurance.

This safety record certainly leaves ample room for improvement. An appropriate goal for automated vehicles might be to reduce highway carnage to the same order of magnitude experienced in other modes of transport, such as railroads and commercial aviation. That would mean bringing road fatalities down to roughly 1 percent of their current level—from 40,000 deaths per year to 400. (In terms of deaths per passenger mile, cars would then be the safest of all vehicles.)

{ Scientific American | Continue reading }

I thought the purpose of patents was to spur innovation by giving people who invent something the exclusive use of their innovation for a limited time.

There’s still some of that. But out in Silicon Valley, patents have become the competitive weapon of choice, used by high-tech giants to bludgeon rivals and crush upstarts.

It turns out that the more patents you have, the more likely it is that you can extort exorbitant royalties from people who might have easily come up with the same idea or the same feature that you did but never thought to patent it. And the more patents you have, the more your competitor wants so he can retaliate with a patent suit of his own, claiming that it was you who stole the ideas from him.

{ Washington Post | Continue reading }

{ List of countries by military expenditures | Thanks JLB }

Forget about the S&P downgrade, which has had ZERO impact on the global equity markets. The downgrade was supposed to mean that it would be more likely that the US government would not be able to pay its debt than previously assumed. IF the markets took this warning seriously, then they would have attached a higher risk premium to US government bonds. Of course, the opposite occurred. US bonds soared in price. In other words, investors, both here and abroad, voted with money as loudly as possible that they view the US government debt as a very safe haven in a time of financial turmoil

So if it wasn’t the S&P downgrade which caused this downward cascade in the global equity markets, then what was it? By far, the most important factor currently driving the market’s bear trends is Europe or, more specifically, the future of the euro and the European Monetary Union.

{ New Economic Perspectives | Continue reading }

Last week’s record volatility in U.S. stocks ended after four days. The anxiety it instilled among mutual-fund investors may linger for years.

Investors pulled a net $23.5 billion from U.S. equity funds in the week ended Aug. 10, the most since October 2008, when markets were reeling from the collapse a month earlier of Lehman Brothers Holdings Inc., the Investment Company Institute said yesterday. The period tracked by the Washington-based trade group included three of the unprecedented four consecutive days in which the Standard & Poor’s 500 Index rose or fell by at least 4 percent.

The roller-coaster ride was unnerving for fund investors who have already endured the bursting of the Internet bubble in 2000, a 57 percent collapse in the S&P 500 Index (SPX) from October 2007 to March 2009 and the one-day plunge in May 2010 that briefly erased $862 billion in value from U.S. shares. The debacles, combined with falling home prices, unemployment above 9 percent and a lack of trust in government to bring down spending, may sour individual investors on domestic stock funds for an additional three to five years, according to Andrew Goldberg, a market strategist at JPMorgan Funds in New York.

{ Bloomberg | Continue reading }

related { Some Hedge Funds Are KILLING It This Quarter }

SF bay area craigslist > san francisco > housing > room/share wanted
$1000 Best. Roommate. Ever.
Date: 2011-08-18, 3:39PM PDT

Konichiwa bitches. Are you looking for the most kick-ass fucking roommate that ever lived? If so, look no further. You fucking found him. I’m a 25-year-old professional marketing agent with experience at bad-ass companies in New York Fucking City. That’s right! What you know about experience? I graduated from Auburn University in Alabama, and moved to NYC at the ripe, tender age of 22. After deciding that New York was a stinky shit-hole, I moved back to Alabama to cultivate more professional experience. Why? So I can make millions of dollars and not have to post shit like this on Craigslist.

Anyway, so I landed this job with a marketing firm in San Francisco, and I have no fucking clue where to live. Honestly, I’m moving there in 3 weeks, so I don’t give a shit if I have to sleep in your bathtub.

A bit about me: I’m respectful, quiet, clean and I won’t bother any of your shit. If you leave shit out, I’m just like, “Oh fuck I better not mess with this shit, because it’s not mine.” I turn off lights. I clean toilets. Fuck it. I’ll even cook for you. That’s right! My dad is a chef and taught me everything there is to know about cooking southern cajun cuisine. I’ll fry green tomatoes, cover them with marinated crab meat and smother that shit in bearnaise. EVERY. GODDAMN. NIGHT. Don’t eat meat? That’s fucking FANTASTIC! I’ll make a zucchini and yellow squash carpaccio that will knock your fucking socks off.

I also read a lot. I fucking LOVE books. Vonnegut, Palahniuk, Hawthorne. All that shit. I read Tuesday’s with Morrie the other day. It’s a sad story, but I learned something about life, love, knowledge and the pursuit of something greater than myself. Fucking smart. Do you like movies? I fucking love them. We can watch the shit out of some movies together if you like, or go get drinks, or work out, hike, play video games or play a game of one-on-one basketball, or I don’t have to talk to you at all. It’s completely UP TO YOU!

Sometimes I play guitar. Are you going to love getting baked and listening to Bob Dylan and Pink Floyd? LIVE? WHENEVER THE FUCK YOU WANT? Of course you are! I’ll take requests and learn any song you like, because I have the voice of an angel and the acoustical stylings of James Fucking Taylor. AWWWWWW SHIT YEA!

A lot of people ask me, “Hey, you’re from Alabama. Are you racist?” And, the answer to that question is, no. I’m not racist or judgmental at all. I love everyone. I’m a secular humanist. I FUCKING LOVE PEOPLE. That’s the only requirement to being a secular humanist actually. You have to like other human beings and want to help them for no other reason than they are human regardless of race, religion or sexual preference. WTF?!!!? Pretty fucking cool right?

I own almost nothing! I’m driving my car from Alabama to California in which I’ll be transporting two duffelbags of clothes, one laptop computer, one guitar, one cell-phone with charger, 8 pairs of shoes, one picture frame, probably some condoms and a shitload of beef jerky and Pringles for the trip. Though, you can expect the jerky to be gone upon my arrival. Unless you’d like me to pick up some on my way into the city. See?! I’m the most considerate person you’ve ever met. I’m offering to buy you shit already!

Am I interested in your pad? You can bet my nomadic ass I am! I only require 4 walls, a ceiling and a floor to shelter me from the elements. Other than that, anything else will be considered a convenient plus. I’m taking being a roommate to the next level. Email me! I’ll hook yo ass up with Facebook links, background checks, credit reports, phone numbers, resumes, references, awards, sexual history, pictures of karate trophies and a list of the top 10 women I’d like to bang before I die. If you want a next-generation roommate who consistently blows your fucking mind with awesomeness, then hit me up. I’m ready to give you money.

{ Craigslist }

{ Dutch 1,000-guilder banknote featuring Spinoza }

In recent years, economists and psychologists have joined forces to unravel the secrets of human happiness. “The Happiness Equation” is one researcher’s attempt to share his field’s discoveries with a broad audience. Nick Powdthavee, an economist at the University of York, deftly explains the main determinants of happiness: the small effect of money, the great effect of marriage and friends, the massive effect of personality. Even extremely good news (such as winning the lottery) and extremely bad news (such as losing a spouse) rarely changes an individual’s happiness for more than a couple of years. Mr. Powdthavee also explores the effect of happiness on success: Happiness today predicts higher job performance, better relationships and more years of health in the future.

{ WSJ | Continue reading }

photo { Louis Stettner, Christmas Eve, Ile Saint-Louis, 1950 }

related { Ten Powerful Steps to Negotiating a Higher Salary }

If we don’t reverse the current trend in food prices, we’ve got until August 2013 before social unrest sweeps the planet, say complexity theorists.

What causes riots? That’s not a question you would expect to have a simple answer.

But today, Marco Lagi and buddies at the New England Complex Systems Institute in Cambridge, say they’ve found a single factor that seems to trigger riots around the world.

This single factor is the price of food. Lagi and co say that when it rises above a certain threshold, social unrest sweeps the planet.

{ The Physics arXiv Blog | Continue reading }

photo { Shaun Gladwell }

{ How the internet has all but destroyed the market for films, music and newspapers. The author of Free Ride warns that digital piracy and greedy technology firms are crushing the life out of the culture business. | Guardian | full story }