Systems Analysis

Archive for August, 2012

Taking Risks to Boost Your Career

Penelope Trunk knows something about risk. A nationally syndicated columnist, Ms. Trunk shocked the business community when she revealed intimate details of her personal life on her blog. At the time, many weren’t sure this was the right move, but the blog shot up in popularity and eventually garnered over 30,000 subscribers.

If not for that loyal following, Ms. Trunk might not have been able to make a case for her current venture, Brazen Careerist (BrazenCareerist.com), an online professional network for Generation Y.

[Alexandra Levit]

Courtesy Alexandra Levit

Alexandra Levit

Launching a new company is a perilous endeavor, but Ms. Trunk thought the risk was worth it. “This world isn’t set up for writers to get anywhere,” she says. “Although I went into massive debt and ended up sacrificing my marriage, it was essential that I take my career into my own hands.”

As a result, she is no longer dependent on publications for her livelihood and has achieved one of her lifetime goals — to serve as a mentor to twenty-something employees.

Big Risks, Big Rewards

If you think about it, most accomplished people in our culture are entrepreneurs who have taken big risks to net proportionally high rewards.

Tough as it is for cautious people like me to accept, if you don’t occasionally take calculated gambles, you won’t get ahead as quickly as those who do. You will also never get over your fear of the unknown, and life will be predictable and dull.

How do you go about deciding if a career risk is necessary and will bear fruit?

First, it helps to think long term. Where do you want your career to be in five years, and what actions will you have to take to make sure you get there? Next, clearly define the challenge and the opportunity — or the upside if the risk goes well.

Then, consider the downside. Will the worst-case scenario be career-ending, or something that can be overcome?

What’s Your Backup Plan?

Finally, what are some clues to assess if the risk is going bad, and what is your backup plan if your risk isn’t successful?

In thinking through these questions, you might determine, for example, that quitting your well-paying job and spending your savings to pursue an invention idea isn’t a risk you find tolerable.

The smartest risks have a limited downside and a huge upside. They involve research and the counsel of experienced people — but also the willingness to step back and let the cards fall where they may.

Believe that you’ve made the right choice, and have faith that everything will turn out all right in the end. Insecurity and negativity won’t serve you well, because you’ll be constantly holding your breath, waiting for things to fall apart.

Speaking of which, if a risk doesn’t work out, don’t let it stop you from taking similar actions in the future. It’s normal to feel disappointment and even embarrassment. But it’s essential that you pick yourself up and move on.

Take stock of what went wrong and make a note to do it differently next time. There is no shorter path to career fulfillment.

Write to Alexandra Levit at reinvent@wsj.com

© 2011 Wall Street Journal (www.wsj.com)
posted by HHZander in Careers and have Comments Off

Penthouse Loft, Easy Stroll to SoMa Streat Food Park

Address: 9 Bernice St., San Francisco

Open Homes Photography

This penthouse loft in San Francisco’s SoMa neighborhood is on the market for $3.298 million.

Vital Statistics: A 6,200-square-foot penthouse loft with three bedrooms, two bathrooms and three-car parking.

Asking Price: $3.298 million, down from an earlier asking price of $3.595 million.

Previous Sale Price: Caroline and Peter Calvin paid $2.15 million for the unfinished space in 2002.

Notable: When Mrs. Calvin, a fashion designer, moved to San Francisco from London in 2002, she and her photographer husband wanted a live/work space as well as “something we could create.” They found it in the South of Market loft that Mrs. Calvin calls “big beautiful Bernice because she’s a big beautiful thing.”

Open Homes Photography

The loft started out as an empty box, and the couple says they spent more than $500,000 and over two years finishing it. They said they chose ’70s car colors including burnt umber, chocolate brown and celadon green for the open Scavolini kitchen. The kitchen countertops are blue marble and Brazilian cherry wood. For the second-floor master bathroom, they brought Perrin and Rowe bath fixtures from England.

Mrs. Calvin says she will miss the 19-foot ceilings, the wraparound terrace with city views and the location—you can walk to Costco, Rainbow Grocery or the new SoMa Streat Food Park.

The Calvins have moved to Los Angeles, where Mrs. Calvin and a partner are launching a high-end clothing line, Calvin Rucker.

The median sales price in SoMa was $550,000 for the period March 12 to May 12, up 18.3% from the previous quarter and down 0.5% from the same period in 2011, according to real-estate website Trulia. Victoria B. Tucker and Joan C. Foppiano of Pacific Union International Inc./Christie’s Great Estates share the listing.

—Sarah Tilton

© 2011 Wall Street Journal (www.wsj.com)
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Jobs Posted Online Dipped Slightly In April

There were 124,000 fewer job vacancies posted online in April than in March, the first dip since 2010, according to research organization The Conference Board Inc.

The 4.3 million jobs posted online in April still beat February’s 4.2 million online job ads and far exceeded November’s 3.7 million jobs posted online.

However, the April drop might suggest that hiring will slow during the summer, as employers take time to absorb recent new hires, said Conference Board economist June Shelp. Changes in the number of ads posted tend to precede actual hiring by two to three months during upturns, she said.

There were about three unemployed workers for every opening online in March, according to The Conference Board.

That measure of job market competitiveness is a big improvement from the five workers who pursued each opening in May 2009, at the end of the recession, but still off the two-per-opening rate from before the recession.

Even though overall employment is bouncing back, some low-skill industries are highly competitive.

Competition among workers in food preparation, for example, which spiked dramatically during the recession to about 14 jobseekers per opening, remains high even as it approaches pre-recession levels.

In March, there were about eight jobseekers whose last job was in food preparation for every opening in the same occupation.

Even if the job market in food preparation, which includes dishwashers and cooks, returned to its pre-recession level, there would still be more than six workers pursuing every job, Ms. Shelp noted.

“Restaurants are being hit by soaring food costs and higher gas and energy prices,” said Bruce Grindy, chief economist with the National Restaurant Association. “Most existing restaurants will try to bump up employee hours before hiring.”

Most of the job growth in the restaurant industry, he said, has come from new restaurants rather than from expansions at existing locations.

On the other hand, the number of jobseekers per opening in computer and math jobs which includes statisticians and computer programmers, at about 0.21, is practically identical to the 0.19 unemployed workers per opening that field had in December 2007, when the recession began.

“The recession didn’t treat everybody equally,” said Ms. Shelp.

Write to Joe Light at Joe.Light@wsj.com

© 2011 Wall Street Journal (www.wsj.com)
posted by HHZander in Careers and have Comments Off

Tibetan teens in self-immolations

Two Tibetan teenagers have died after setting themselves on fire in Sichuan province, activists and US media said.

Former monk Damchoek has been identified as the brother of Tenzin Choedon, a teenage nun who died after setting herself on fire earlier this year, the reports said.

Lobsang Kalsang's roommate at the monastery was detained on Monday, both Free Tibet and RFA reported.

Aba county police said they had no information on the self-immolations, an Associated Press report said.

Kirti Monastery, which has been the focus of protests for more than a year, is surrounded by heavy security.

China's leaders blame the Dalai Lama, the Tibetans' exiled spiritual leader, for inciting the self-immolations and encouraging separatism.

He rejects this, and both activist groups and the Tibetan government-in-exile say the self-immolations are protests against tight Chinese control of the region and religious repression.

© 2011 BBC News (www.bbc.co.uk)
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A Font Designer’s Growth Curve

Richard Kegler has Marcel Duchamp to thank for a career in typeface design. In graduate school, Mr. Kegler did an art installation based on Mr. Duchamp’s work and used some of the late artist’s handwriting; it inspired him to design a typeface. Today, Mr. Kegler owns a small Buffalo, N.Y., company called P22 that designs and distributes typefaces online. The fonts have been used for books, magazines and album covers, as well as the walls of Starbucks coffee shops.

***


Q: What inspired your first font?

A: The Duchamp font began as a part of my thesis installation on Marcel Duchamp’s “Large Glass.” He’s a French artist known for his wicked sense of humor. I wanted his text to be part of the installation and planned to project it on the wall. He’s known for using found objects in his art, so I created a readymade [a found object] of his handwriting.


Q: You started your firm in 1994. When did you start seeing your fonts being used?

A: From early on, we started seeing them popping up on books, billboards, ads and CD covers. One also ran on the titles for a short-lived NBC sitcom called “The Single Guy.” We were just having fun with it while building a name for ourselves in the typography world. It didn’t sink in until a few years later. We started going to design conferences and people were saying, “Man, you guys are everywhere.”


Q: How did you transition to selling online only?

A: By 2000, our fonts were being sold by the Book of the Month Club and the Discovery Channel catalog, and we had to warehouse all these boxes. That’s when we decided to try an experiment by offering them online. Nobody seemed to miss the packaging.


Q: How has P22 grown?

Shasti O’Leary Soudant

Typeface designer Richard Kegler

A: We’re five employees now, and we have a partnership of designers and freelancers. We also took over collections from other foundries.


Q: What are you working on these days?

A: We recently put out our first simultaneous metal and digital font release. The response for metal type has been surprising.

How You Can Get Here, Too.


  • Best advice: Have a wide scope of interests. “Things that are seemingly so disparate seem to have a weird way of coming together,” says Mr. Kegler. “I used to run a record shop and some of the leftover packaging we had made ended up being used for our fonts.”

  • Skills you need: Good drawing skills and a sense of history so you know where all these other type designs came from. Programming skills for designing OpenType fonts.

  • Where you should start: A good design school and/or a good liberal arts or humanities program.

  • Professional organizations to contact: The Type Directors Club. The Society of Typographic Aficionados.

  • Salary range: According to the American Institute of Graphic Arts, the median income for entry-level designers was $35,000 in 2007. Senior designers earned an average of $62,000. Designers who were principals in firms earned $113,000.


Q: Is it due to the revival of old-style letterpress printing? More people are buying and restoring small printers.

A: Exactly. It’s part of the do-it-yourself craft movement. We originally thought we’d sell half a dozen. We’ve sold over 50 sets, and they’re not cheap. People are dusting off these old [letterpress] printers and doing wedding invitations, art printing and rough concert posters. It’s mostly one-person shops, typically women.


Q: How has type designing changed since Gutenberg?

A: Being a designer is relatively the same, though it used to be that this was a skill handed down and protected like trade secrets. With the advent of desktop publishing, everybody can dabble by popping open software like Fontlab and drawing Bezier curves.


Q: Is it a tough market with so many fonts being offered?

A: People always ask if there need to be more fonts in the world. But that’s like saying there are already enough wines in the world. Just like fonts, each has its own character and depth.

Write to
Dennis Nishi at cjeditor@dowjones.com

© 2011 Wall Street Journal (www.wsj.com)
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Samsung pierde US$12.000 millones en valor de mercado

SEÚL (EFE Dow Jones)—Samsung Electronics Co. vio su capitalización bursátil reducida el lunes en más de US$12.000 millones por la oleada de ventas de sus acciones tras la dura derrota del grupo en su batalla judicial contra Apple Inc en Estados Unidos.

Los analistas indicaron que la derrota en los tribunales aumenta la incertidumbre sobre los productos futuros del fabricante surcoreano.

La acción abrió con una caída de 6,8% y cerró con un descenso de 7,5% a 1.180.000 wones, su mayor retroceso porcentual en un día en casi cuatro años. La acción llegó a caer, en un momento dado, hasta 8%.

La caída del precio de los títulos redujo la capitalización bursátil de la compañía en 14 billones de wones (US$12.300 millones).

La caída de la acción de Samsung redujo la contribución del grupo a la capitalización total del índice surcoreano Kospi, el de referencia, de 17% a 15,7%.

Un jurado estadounidense dio una victoria a Apple, concediendo al grupo de Silicon Valley una compensación de US$1.050 millones por daños y abriendo la puerta a más ataques legales a los rivales de los dispositivos móviles de Apple.

Los analistas señalan que lo más importante será comprobar si la guerra de patentes afectará al buque insignia de Samsung Electronics, el teléfono Galaxy S III.

Los precios de las acciones de otros fabricantes asiáticos de teléfonos inteligentes que utilizan el sistema operativo Android de Google Inc. cayeron también el lunes. ZTE Corp cerró con una caída de 8,2% en Shanghai mientras que HTC terminaba con un descenso de 1,9% en Taiwán.

Por su parte, LG Electronics se desmarcaba y subía 2,8% ante las esperanzas de que logre arrebatar cuota de mercado a Samsung.

© 2011 Wall Street Journal (www.wsj.com)
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Romney, Obama Divided On Wind Energy Tax Credit

Story By: by Clay Masters

President Obama is headed to Iowa on Tuesday where he will likely talk about wind energy. The president says he’ll continue tax credits for wind energy and GOP presidential candidate Mitt Romney says he won’t.

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Losing Your Data With Your Job

Michele Wallace had worked for Medialink Worldwide Inc. for 18 years when the New York video-distribution company laid her off last May. When the company’s information-technology staff quickly shut down her computer and her BlackBerry, the senior vice president of client services lost family photos and every personal and business contact on her cellphone and computer.

“I couldn’t even call my sister because I don’t know her number off the top of my head,” says Ms. Wallace, now a 47-year-old managing director at Mega Media Worldwide and living in Asbury Park, N.J. “I know you shouldn’t even have that stuff on the computer,” she says. But in the course of working 10- to 12-hour days for several years, “you don’t pay as much attention as to how much is personal on your computer.”

Since You Can’t Take It With You…

Limit the amount of personal files you keep at work and keep back ups at home.

  • Be careful about downloading or printing out email contact lists. These typically belong to the company.
  • Keep copies of your company’s electronic communications policy, employee guidelines and non-compete agreements.
  • If you are laid off, ask if you can take personal files off your computer or work phone.

She’s still piecing together her contacts on Facebook and LinkedIn. (Medialink did not return calls for comment.)

As layoffs sweep across industries, employees’ personal information is winding up in the dustbin, as well. Most workers know better than to store personal files on their office computer. But employees who spend the majority of their time at the office often treat the company PC as their personal gadget, filling it with music, photos, personal contacts — even using the computer’s calendar to track a child’s soccer schedule. That makes it all the more distressing when a newly laid-off worker learns that his digital belongings are company property.

Most companies today have new hires sign electronic communications policies that generally state they have no rights to privacy or rights of ownership over the content on company computers. It doesn’t matter if those files are wedding photos or family phone numbers. “It still belongs to the company if it’s stored on a company-issued computer,” says Allison Brecher, director of information management and strategy and senior litigation counsel at consultants Marsh & McLennan Cos.

After someone quits or is laid off, a company will typically just delete those files, wiping a computer clean. In professions where communication between clients is important, like in sales or finance, companies might keep email correspondence for their records, says Jonathan Hyman, a partner at law firm Kohrman Jackson & Krantz PLL in Cleveland.

Earlier this year, Katie Morse was caught off-guard when she was laid off from a telecommunications company in Charlotte, N.C., where she worked in the marketing and communication department. After filling out paperwork and being briefed by her supervisors, she was escorted to her desk to collect her things. “Anything that was on my computer I didn’t have access to,” Ms. Morse, now living in Brooklyn, N.Y., says. “I honestly wish I was able to take my contacts with me.”

Companies often lock down computers and restrict access to email as soon as an employee is let go. “That could vary, but I think it’s safer to expect a harsh response,” says Janine Yancey, chief executive for emTRAiN, a human-resource training company.

Whether laid-off workers are allowed to retrieve personal files depends on the industry and the size of the business. “If you go into a bigger organization, they are going to implement a standard across the board,” which tends to be more restrictive, Ms. Yancey says. Smaller organizations may be more lenient. Some professions — brokers or financial advisers, for example — may be constrained by regulatory requirements with regards to the access they can give laid-off workers, Ms. Brecher says.

Companies often go to extreme lengths to protect themselves during layoffs. Some pore over their former employees’ emails, says Mr. Hyman. “If they think an employee has stolen anything, they will look for that,” he says. Companies fearing lawsuits from disgruntled former employees may have their IT department or an outside firm search through the emails, too, Mr. Hyman says.

From a business standpoint, companies that give laid-off workers access to work computers and email risk exposure to data theft, computer viruses and lost contact lists. “You don’t want somebody going in and downloading their whole contact base,” Ms. Yancey says. “That contact base belongs to the employer.”

A recent survey by the Ponemon Institute, a privacy research group in Traverse City, Mich., found that nearly 60% of employees who lost or left jobs in 2008 stole company data. The survey polled 945 adults from several industries who were laid off, fired or changed jobs in 2008. Data that was taken included non-financial business information, customer contact lists and financial information.

Getty Images

While human resource consultants advise businesses to use caution when dealing with laid-off employees, some are more lenient. Michelle Liro had five weeks’ notice that she was being let go as director of marketing at a telecommunications company. This gave her time to hunt for a new job and move email contacts of friends and colleagues to Facebook and LinkedIn. She was also able to take digital copies of banner ad campaigns and Web site graphics she designed.

The company even let Ms. Liro keep her work laptop after they wiped clean all of the files and software. “It only makes sense for companies to work with their employees,” says Ms. Liro, of Holliston, Mass. “You really do want to leave on a positive note.”

At Laughlin Constable, a marketing company in Chicago, laid-off or fired employees have their computer access limited and email restricted as soon as they are notified that they will be let go, says Joyce O’Brien, executive vice president of human resources.

“About 70 percent of our employees ask to have something off of their computer” when they are laid off, Ms. O’Brien says. Requests for personal files are reviewed by the IT department, human resources and the chief financial officer, she says. The company tries to give back personal information to laid-off workers as long as it isn’t a sensitive termination, Ms. O’Brien says. The personal files are retrieved by the company.

Employees are better off assuming that their company will take a conservative approach, says James Bucking, an employment lawyer for Foley Hoag LLP in Boston.

Employees worried about their job security should review the forms they signed when they were hired. They should look at the company’s electronic communications policy, employee guidelines and non-compete agreements to make sure they understand everything properly. When employees sign these agreements, they should also make copies to save at home, too, Ms. Yancey says. Those that break these agreements risk being fired or sued by their employer, she adds.

You should also be aware that the contact information for business associates made during employment and stored on an office computer — or even a Rolodex — usually belongs to the company, Mr. Bucking says.

When Tony Scida was laid off recently from his proofreader position at a small advertising agency in Richmond, Va., he didn’t take any email contacts from his computer because he signed a non-compete agreement. That didn’t much matter. He found most of them on Facebook and LinkedIn, and can contact them there.

Write to Joseph De Avila at joseph.deavila@wsj.com

© 2011 Wall Street Journal (www.wsj.com)
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Only women allowed at art exhibit

"I'm a conceptual artist and it's a concept."

Sarah Wilson said: "It's kind of an experiment – it's a two-month exhibition and the first month has been solely for women – men are not allowed in.

The artwork on display at Only Women, Women Only is not too controversial – Ms Honey's photographs of strippers are arguably the most shocking elements of the exhibition.

There are line drawings, traditional paintings, video installations and conceptual pieces exploring women's bodies and sexuality.

Without doubt, the most controversial element of the exhibition is its entrance policy.

Ms Wilson said the reaction to the exhibition's women-only month was mixed.

She said: "With everyone that has come in to see it, I have not had any negativity at all – it has been really well received.

"Online however, I've had people complaining and saying this has set back women's liberation years."

The exhibition opened to men on 26 August – but despite the new entrance policy Ms Wilson remained resolute in her defence of the women-only month.

She said: "It's the Edinburgh Festival – I'm creating an exhibition for women.

"People can think what they want – I don't see why I'm putting people's noses out of joint."

© 2011 BBC News (www.bbc.co.uk)
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América Latina serve de salva-vidas para Santander e BBVA

Bancos espanhóis como o Santander e o BBVA fizeram uma aposta sagaz quando compraram uma série de bancos na América Latina e expandiram suas operações na região. Todas as grandes economias da América Latina foram alvos e o México, o Brasil e Argentina foram os destinos favoritos.

Bloomberg News

Fachada de uma agência do Santander no México.

A decisão de expandir no exterior é o que tem salvado o Santander e o BBVA, que agora enfrentam uma crise econômica em seus mercados de origem.

O Santander SA informou na quinta-feira que o lucro do primeiro trimestre caiu 24%, à medida em que adotou novas medidas para se proteger de empréstimos ruins na Espanha e em Portugal que anularam o crescimento vigoroso da concessão de crédito na América Latina.

O Santander, o segundo maior banco da Europa em valor de mercado depois do HSBC Holdings, informou que o lucro líquido dos primeiros três meses caiu para 1,60 bilhão de euros (US$ 2,11 bilhões), em comparação com 2,11 bilhões de euros um ano atrás, ligeiramente abaixo das expectativas dos analistas. A renda líquida com juros subiu quase 11%, para 7.82 bilhões de euros, acima das expectativas dos analistas, que eram de 7,73 bilhões de euros.

O Santander também confirmou seus planos de aproveitar o bom desempenho recente de sua filial mexicana e vai vender 25% dela numa oferta primária de ações.

Os planos do Santander de vender parte de suas operações mexicanas podem propiciar uma importante injeção de capital no banco num momento em que ele está tentando reforçar o capital básico, aumentar a lucratividade e reservar uma fatia ainda maior dos lucros para cobrir prejuízos com a depreciação de ativos imobiliários.

Pessoas a par da questão dizem que o Santander quer captar entre US$ 15 bilhões e US$ 20 bilhões com a venda da fatia mexicana.

Os analistas também estão esperando para ver se o BBVA também fará uma operação semelhante no México, algo que também pode ser importante para o banco.

Durante uma teleconferência esta semana, analistas perguntaram se o BBVA pode vender a fatia em sua filial mexicana, que é a maior operação do banco fora da Espanha. O banco descartou fazer isso no momento.

Embora o BBVA tenha optado por não vender uma participação em suas operações mexicanas, o país latino-americano continua um dos poucos pontos positivos no balanço do banco, repleto de prejuízos com ativos imobiliários.

O México, segunda maior economia da América Latina, deve experimentar um crescimento no número de pessoas abrindo contas nos próximos anos e será um importante motor de crescimento para as operações mundiais do BBVA, notou o Morgan Stanley na quinta-feira. “O México continua crucial para as perspectivas de crescimento de médio prazo do BBVA”, acrescentaram os analistas do banco de investimentos.

© 2011 Wall Street Journal (www.wsj.com)
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