Federal Reserve Chairman Jerome Powell provides a semi-annual report to Congress today highlighting key aspects of the economy (02/11/2019). I didn't have a chance to dig into the meaning of the report but can say that it looks fairly positive from his perspective. There is more needed in improving access to opportunities for people currently struggling to move up the economic ladder. Perhaps some of that improvement will come through a willingness of companies to hire less skilled labor and train them for higher performance. This might improve transition to a high skilled economy while helping people take steps to improve the market value of their labor.
You can read about his report HERE
Federal Reserve. Board of Governors of the Federal Reserve System
before the
Committee on Financial Services
U.S. House of Representatives
February 11, 2020. Washington D.C.: Jerome Powell. Retrieved https://financialservices.house.gov/uploadedfiles/hhrg-116-ba00-wstate-powellj-20200211.pdf
Tuesday, February 11, 2020
Monday, February 10, 2020
Your Personality Based on Your Coffee Type
Thousands of times I walked through offices and never once thought about how the coffee type one drinks says something about their personality. The type of products we pick are often a reflective of our needs and self-image. The video does mention a survey but didn't see a referral to where you can find more information on the study. Next time you see someone making coffee you might think about how their personality is associated with how they like their coffee. 😬
Monday, February 3, 2020
GR Tourism Industry Worried About Future-Discusses Impact of Pure Michigan
More discussion on Pure Michigan and tourism within the state. This video provides a perspective from Grand Rapids.
Friday, January 31, 2020
GM's President Mark Reuss Discusses $2 Billion in Electric Investments
The market is changing and shifting and GM just got on board with global consumer trends in a big way! Self-driving and electric cars are going to change the market in fundamental ways as other types of technologies follow suit. A growing trend over the past few decades increased the demand for renewable energies and cleaner cars. The technology and investment interests seemed to have matched at this time on our path to a more efficient data driven way of existence. This transition may be a good thing for Michigan as investment dollars move into a changing industry. It is an opportunity for the U.S. to draw in more interest and secure Michigan as next generation vehicles. There may well be a much much bigger market than automobiles a decade or so down the road as alternative clean forms of energy hit a very large up coming global middle class.
When large companies like GM invest this much capital into an area, they plan to be there for a while. They are geographically "invested" so to speak and will likely encourage their suppliers to invest as well (a type of pack investing). These suppliers may not have any choice if they want to continue to supply to these large manufacturers. Thus the system engages in a type of butterfly effect of innovation.
Furthermore, under a boon scenario we may find other global manufacturers following suit; albeit a little bit smaller. Who knows? Other large automotive manufacturers may find that the want to compete and so something similar thereby creating synergy. Synergy occurs when companies that are geographically centered compete and collaborate in a way that they enhance each other and make quick innovations in a kind of "race".
If synergy of development can be found growth with explode (in theory) as all of the resources of the system are brought into to match innovative capacity. Resources move, adjust, sift through, and enhance all of the systems through the physical and social intellectual capital of the area. Detroit has the basic infrastructure build off of older manufacturing models and this could lead to a higher local platform if multiple companies invest at once in a big way.
Industries that use similar technologies also need to access to specialized human capital, networks of similar businesses, and innovative opportunities through shared resources. For many companies, finding places where the right environment exists where they can nestle into existing business networks to increase break-out sustainability is important. Thinking like a system can change the dynamics.
We often think of production as something the company did in isolation. Not so. There success is in relation to all of the elements and networks being ready to accept rapid growth. It is people and their abilities that put these resources and structures together in a way that build powerful companies and at times empires. We are a type of mound building species that constructs just to reach to the stars (Think of the next generation of space shuttles will look like and how commercialization is going to rely on more renewable solar type energies to increase reach. Could Detroit meet that need in 30 years?).
The question investors might want to ask is , "What other electric businesses might use some of the same technologies, infrastructure and skills GM will need?" Perhaps electric motorcycles, bikes, scooters, robots, etc, etc.... Companies conduct their own analysis of their prospects. It is their function to improve shareholder wealth while still contributing to the advancement of society. Matching opportunities and attracting companies that need access to those resources is a great way to bring back manufacturing.
1. Are there other large manufacturing companies that are willing to do something similar to GM? They do need to stay competitive so it is likely others are thinking about further investments.
2. Are there other types of foreign and domestic companies that may find the infrastructure and environment (finance, political, education, etc...) ripe for their manufacturing capitalism?
When large companies like GM invest this much capital into an area, they plan to be there for a while. They are geographically "invested" so to speak and will likely encourage their suppliers to invest as well (a type of pack investing). These suppliers may not have any choice if they want to continue to supply to these large manufacturers. Thus the system engages in a type of butterfly effect of innovation.
Furthermore, under a boon scenario we may find other global manufacturers following suit; albeit a little bit smaller. Who knows? Other large automotive manufacturers may find that the want to compete and so something similar thereby creating synergy. Synergy occurs when companies that are geographically centered compete and collaborate in a way that they enhance each other and make quick innovations in a kind of "race".
If synergy of development can be found growth with explode (in theory) as all of the resources of the system are brought into to match innovative capacity. Resources move, adjust, sift through, and enhance all of the systems through the physical and social intellectual capital of the area. Detroit has the basic infrastructure build off of older manufacturing models and this could lead to a higher local platform if multiple companies invest at once in a big way.
Industries that use similar technologies also need to access to specialized human capital, networks of similar businesses, and innovative opportunities through shared resources. For many companies, finding places where the right environment exists where they can nestle into existing business networks to increase break-out sustainability is important. Thinking like a system can change the dynamics.
We often think of production as something the company did in isolation. Not so. There success is in relation to all of the elements and networks being ready to accept rapid growth. It is people and their abilities that put these resources and structures together in a way that build powerful companies and at times empires. We are a type of mound building species that constructs just to reach to the stars (Think of the next generation of space shuttles will look like and how commercialization is going to rely on more renewable solar type energies to increase reach. Could Detroit meet that need in 30 years?).
The question investors might want to ask is , "What other electric businesses might use some of the same technologies, infrastructure and skills GM will need?" Perhaps electric motorcycles, bikes, scooters, robots, etc, etc.... Companies conduct their own analysis of their prospects. It is their function to improve shareholder wealth while still contributing to the advancement of society. Matching opportunities and attracting companies that need access to those resources is a great way to bring back manufacturing.
1. Are there other large manufacturing companies that are willing to do something similar to GM? They do need to stay competitive so it is likely others are thinking about further investments.
2. Are there other types of foreign and domestic companies that may find the infrastructure and environment (finance, political, education, etc...) ripe for their manufacturing capitalism?
Wednesday, January 29, 2020
Selecting Gifted Students for Advanced Placement in Higher Education
Advanced intelligence is often associated with what society calls gifted thinking that leads to new ideas and ground breaking research that tackles problems in novel ways. Such problem solving is often based in multiple standpoints and cognitive leaps that seam to reach towards logical intuition. The term gifted is often misunderstood and has a lot of cultural mysticism conceptually blended with it. To some it means genius and to others it could mean peculiar. The selection and enhancement of the gifted can lead to greater development of society. Moving beyond standard assessment occurs when we consider the thinking patterns of this population and find better methods of selecting them. Colleges that can discover gifted intelligence and place them into advance programs not only do themselves a favor but contribute to the development of society through contributions to intellectual capital.
Let's try and understand what gifted intelligence and thinking patterns mean. While there are lots of physiological advantages (a few disadvantages) to being gifted, it is an inherently different way of existing that is specifically unique to that population. Some of the biggest difference is in the way in which the gifted experience their environment, make decisions, and solve problems based fundamentally on the increased intake of the senses. The biological difference in sensory perception creates fundamental shifts in deep seated thinking patterns that push for constant redevelopment throughout the course of one's life. Understanding the underlining structure of thinking and the meta-cognitive ability of this population is helpful as an identification tool.
Does Selection and Enhancement Help Society?
First, we kind of need to know why they should be identified and whether or not it has any real beneficial. The world is a difficult place that doesn't do well accepting differences in people. There are racial, religious, national, educational, income, and a umpteen differences between people. In some cases these are profound differences while in most cases these are only superficial perceptions. The gifted are physiologically and often psychologically differentiated from their peers in a way that can make it awkward interacting with some people. This is likely why they seem to push societal norms.
Without proper guidance their skills are wasted and buried under the inaccurate expectations of culturally anchored ideas of "success". Minority gifted are minorities of minorities while even wealthy gifted may feel like "fish out of water". Most of this population think about issues differently and often "out of step" with friends and family. Being outside the bell curve means they have little positive validation of their experiences through others. Selecting them, even when they hide their talents, is helpful for encouraging them toward constructive activities that can have beneficial effects on society.
First, let us understand the meaning of advanced intelligence. Spelling, long prose, math problems, etc... are only data points that could indicate advanced intelligence. They are not the sole measurements in and of themselves. A person who has little education could have advanced intelligence as highlighted by the gathering of wisdom and knowledge throughout their lives to create new integrated selves that can be applied to complex problem solving. They just didn't have access to education and resources that make them "sound smart" on an IQ test. Being educated at an Ivy league school, or your local community college, or trade also does not indicate intelligence. It often simply indicates access to resources and social class.
We may want to delve deeper into how information is processed and how it comes to its own conclusions.....
Giftedness and Metacognition:
Outward behavior is a sign of inward thinking. Understanding how the Gifted think further increases the chance they will be discovered and guided to constructive paths. Dr. Steinberg from Yale believed that metacognition was a better approach of assessment versus psychometric assessments. The way in which a person thinks is a clearer indication of high intelligence when compared to other models and measures ofbunderstanding (Sternberg, 1981). Their thinking depth and pattern reflects their neural networks and root understandings about life.
To make an assessment we will need to delve deep into the way the gifted think from an elemental level. Metacognition, or thinking about thinking, is one sign that a person's perspective and reflective abilities are high enough to create the potential for advanced thinking. It is a method of viewing problems by creating broad strategies based on the category of problem. They can then mix and match strategy to category. Unlike, normal people who use existing methods the gifted often reach to the end of that thinking and then make a cognitive leap to the next platform of understanding by expanding those thinking structures.
The Structure of Gifted Thinking:
A measure of general intelligence is based on a Triarchic Theory that states that highly developed people can use practical, creative and analytical approaches to solve problems. This population is unique and can switch through different modes of thinking to view problems from multiple angles and methods. Perspective changing allows them to see a problem from radically different vantage points to select those strategies that seem to make the most sense.
Underneath all cognition are elemental components that compose basic structure of thinking. Metacomponents allow us to plan, monitor and evaluate information (Vinney, 2019). It is an overriding ability to master one's environment through accurateordering of very root knowledge components (Intelligence, nd). These components can be adjusted, reconnected, disconnected and applied to solve a problems.
We learn these components throughout our lives. Some of us learn faster than others but almost all of us continue to learn. An overriding framework impacts our way of processing information and reacting to stimuli in our environment. Most of what they do is likely to be subconscious as it is the core of more complex thought processes. As an adaptive species the way in which these components help create thought and action that makes a big difference in survival.
Can You Select Advanced Thinking Students?
It is very possible to select advanced thinking students based on how they interpret information and solve problems. The strategies they employ to tackle problems, cross checking multiple perspectives, and the utilization of innovative flow. Specifically one may want to look for people who make cognitive leaps and find new ways of solving problems that may be unique but still logically supported.
There is no reason why they can't be selected online in much the same was as they are selected on the ground. Similar skill sets will apply to problem solving in a number of different physical and virtual environments. The difference being that in the online world there is a higher data foot print now that the Internet is part of our daily lives. Online schools, assessments, and activities can highlight the potentiality for advanced thinking.
From an educational standpoint, it is entirely possible to create problems and activities that require new and unique solutions. Those that provide similar previously learned answers when compared to those who provide new answers will be of importance. Isn't even so much who wrote the best report or who has the most colors in the display. It is that they created a logically supported new way of resolving a business problem (or any problem).
While it is difficult to say where the future of Higher Education will go it is likely that there will be many more self-reflective assessments that develop the whole person. Some of these are going to indicated advanced potential. It is up to the higher education institution to start these previously undiscovered and underperforming candidates for advanced education that lets them master their gift(s).
Heylighen, F. (ND). Gifted People and their Problems.
http://pespmc1.vub.ac.be/Papers/GiftedProblems.pdf
Intelligence (nd). State University. Retrieved December 17,2019 https://education.stateuniversity.com/pages/2104/Intelligence-TRIARCHIC-THEORY-INTELLIGENCE.html
Shore, B. M., & Dover, A. C. (1987). Metacognition, Intelligence and Giftedness. Gifted Child Quarterly, 31(1), 37. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&AuthType=shib&db=edb&AN=53626741&site=eds-live
Sternberg, R. J. (1981). A Componential Theory of Intellectual Giftedness. Gifted Child Quarterly, 25(2), 86–93. https://doi.org/10.1177/001698628102500208
Vinney, C. (2019). Understanding the Triarchic Theory of Intelligence. Thought Co https://www.thoughtco.com/triarchic-theory-of-intelligence-4172497
Let's try and understand what gifted intelligence and thinking patterns mean. While there are lots of physiological advantages (a few disadvantages) to being gifted, it is an inherently different way of existing that is specifically unique to that population. Some of the biggest difference is in the way in which the gifted experience their environment, make decisions, and solve problems based fundamentally on the increased intake of the senses. The biological difference in sensory perception creates fundamental shifts in deep seated thinking patterns that push for constant redevelopment throughout the course of one's life. Understanding the underlining structure of thinking and the meta-cognitive ability of this population is helpful as an identification tool.
Does Selection and Enhancement Help Society?
First, we kind of need to know why they should be identified and whether or not it has any real beneficial. The world is a difficult place that doesn't do well accepting differences in people. There are racial, religious, national, educational, income, and a umpteen differences between people. In some cases these are profound differences while in most cases these are only superficial perceptions. The gifted are physiologically and often psychologically differentiated from their peers in a way that can make it awkward interacting with some people. This is likely why they seem to push societal norms.
Without proper guidance their skills are wasted and buried under the inaccurate expectations of culturally anchored ideas of "success". Minority gifted are minorities of minorities while even wealthy gifted may feel like "fish out of water". Most of this population think about issues differently and often "out of step" with friends and family. Being outside the bell curve means they have little positive validation of their experiences through others. Selecting them, even when they hide their talents, is helpful for encouraging them toward constructive activities that can have beneficial effects on society.
First, let us understand the meaning of advanced intelligence. Spelling, long prose, math problems, etc... are only data points that could indicate advanced intelligence. They are not the sole measurements in and of themselves. A person who has little education could have advanced intelligence as highlighted by the gathering of wisdom and knowledge throughout their lives to create new integrated selves that can be applied to complex problem solving. They just didn't have access to education and resources that make them "sound smart" on an IQ test. Being educated at an Ivy league school, or your local community college, or trade also does not indicate intelligence. It often simply indicates access to resources and social class.
We may want to delve deeper into how information is processed and how it comes to its own conclusions.....
Giftedness and Metacognition:
Outward behavior is a sign of inward thinking. Understanding how the Gifted think further increases the chance they will be discovered and guided to constructive paths. Dr. Steinberg from Yale believed that metacognition was a better approach of assessment versus psychometric assessments. The way in which a person thinks is a clearer indication of high intelligence when compared to other models and measures ofbunderstanding (Sternberg, 1981). Their thinking depth and pattern reflects their neural networks and root understandings about life.
To make an assessment we will need to delve deep into the way the gifted think from an elemental level. Metacognition, or thinking about thinking, is one sign that a person's perspective and reflective abilities are high enough to create the potential for advanced thinking. It is a method of viewing problems by creating broad strategies based on the category of problem. They can then mix and match strategy to category. Unlike, normal people who use existing methods the gifted often reach to the end of that thinking and then make a cognitive leap to the next platform of understanding by expanding those thinking structures.
The Structure of Gifted Thinking:
A measure of general intelligence is based on a Triarchic Theory that states that highly developed people can use practical, creative and analytical approaches to solve problems. This population is unique and can switch through different modes of thinking to view problems from multiple angles and methods. Perspective changing allows them to see a problem from radically different vantage points to select those strategies that seem to make the most sense.
Underneath all cognition are elemental components that compose basic structure of thinking. Metacomponents allow us to plan, monitor and evaluate information (Vinney, 2019). It is an overriding ability to master one's environment through accurateordering of very root knowledge components (Intelligence, nd). These components can be adjusted, reconnected, disconnected and applied to solve a problems.
We learn these components throughout our lives. Some of us learn faster than others but almost all of us continue to learn. An overriding framework impacts our way of processing information and reacting to stimuli in our environment. Most of what they do is likely to be subconscious as it is the core of more complex thought processes. As an adaptive species the way in which these components help create thought and action that makes a big difference in survival.
Can You Select Advanced Thinking Students?
It is very possible to select advanced thinking students based on how they interpret information and solve problems. The strategies they employ to tackle problems, cross checking multiple perspectives, and the utilization of innovative flow. Specifically one may want to look for people who make cognitive leaps and find new ways of solving problems that may be unique but still logically supported.
There is no reason why they can't be selected online in much the same was as they are selected on the ground. Similar skill sets will apply to problem solving in a number of different physical and virtual environments. The difference being that in the online world there is a higher data foot print now that the Internet is part of our daily lives. Online schools, assessments, and activities can highlight the potentiality for advanced thinking.
From an educational standpoint, it is entirely possible to create problems and activities that require new and unique solutions. Those that provide similar previously learned answers when compared to those who provide new answers will be of importance. Isn't even so much who wrote the best report or who has the most colors in the display. It is that they created a logically supported new way of resolving a business problem (or any problem).
While it is difficult to say where the future of Higher Education will go it is likely that there will be many more self-reflective assessments that develop the whole person. Some of these are going to indicated advanced potential. It is up to the higher education institution to start these previously undiscovered and underperforming candidates for advanced education that lets them master their gift(s).
Heylighen, F. (ND). Gifted People and their Problems.
http://pespmc1.vub.ac.be/Papers/GiftedProblems.pdf
Intelligence (nd). State University. Retrieved December 17,2019 https://education.stateuniversity.com/pages/2104/Intelligence-TRIARCHIC-THEORY-INTELLIGENCE.html
Shore, B. M., & Dover, A. C. (1987). Metacognition, Intelligence and Giftedness. Gifted Child Quarterly, 31(1), 37. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&AuthType=shib&db=edb&AN=53626741&site=eds-live
Sternberg, R. J. (1981). A Componential Theory of Intellectual Giftedness. Gifted Child Quarterly, 25(2), 86–93. https://doi.org/10.1177/001698628102500208
Vinney, C. (2019). Understanding the Triarchic Theory of Intelligence. Thought Co https://www.thoughtco.com/triarchic-theory-of-intelligence-4172497
Sunday, January 12, 2020
A Recession Caused by Consumer Debt?
Consumer debt has steadily over the past few decades. As with all big pools of debt there is a chance of market changes and corrections. A little video for people who like economic stuff below. While this is anecdotal, a marina manager shared some knowledge on how during The Great Recession of 2007 a lot of boats got abandoned because there was no cushion for people.
Wednesday, January 8, 2020
Two Tricks for Calming Jumpy Horses-A Bucking Challenge!
Let me say that I have met a lot of people who love a challenge. They come latte in hand into their offices and work everyday while looking out the window. When its their time off they take on challenges like horse riding, training, trail riding and enjoy being away from the hustle and bustle of big city life. Horses have a lot of benefits for business people who need some time outdoors working with something they can see results. Research indicates people who like outdoor activities like horse riding are more intuitive and introverted than others (Cashel, et. al. 1996). For them, there is something about the basics of it all.
The first thing I would look at are the causes of bucking. It could simply be a nasty horse that doesn't want you on her or it could have another cause like pain or improper tackle. In the first case, the horse needs more consistent riding and firm command to extinguish bad behavior. In the second case, the horse might have something hurting him and adjusting its equipment can make a difference.
Bucking can be dangerous because it can throw the rider and cause serious injury. The horses value is also much lower if she cannot be ridden without having a problem. Even with some riding experience I'm a little nervous when I get on her and that likely makes things worse. Dangerous horses are a major liability and they must learn to enjoy riding or be all cost for the owner.
Research indicates that a lot of this jumpy behavior is based on reflex and impulse (Friese, Hofmann, & Wiers, 2011). To limit and eventually extinguish this behavior there should be more emphasis on immediately stopping dangerous reactions and helping the horse calm down. Beyond lunging the horse to remove excess energy, and habituating her to the environment, you may also want to use the one rein stop.
You can also get a feel for the horse by paying attention to your horses snorts to see if he/she will be willing to let you ride. Not kidding! 🤣 The snorts of your horse indicate its happiness level (Stomp, et.al., 2018). The frequency of snorts gives a peak into the horses state of mind and this could impact how it acts in the arena. It will snort more when in a good mood so just keep it in mind.
If you are destined to ride then consider these two tricks......
1. One Rein Pull: If few things are working for you try the one rein pull. You are turning the horses head to the side of her body in an effort to keep from losing control. This should be used only if you have no other option to protect yourself, others and the horse from injury. It will still be a bumpy stop but the horse will be force to cross over its hind legs.
2. Environmental Familiarity: Horses can be jumpy because they are unsure of their surroundings. It is as though they walked into a busy street and keep reacting to everything around them. Walk them around the area a number of times and prepare them for training at those facilities. Let them create a memory map of where they are and encourage them to sniff, stand, look around, etc... until they don't care. You may want to do this everyday until you reduce environmental impacts.
I might add as a side note that around Rapid River Michigan (and Bark River) you can find some pristine land with super cheap housing for horses. That is assuming you want to buy some land in the area and make a new life out of it. Its about 15 minutes out of town. The cost of boarding at a local ranch in the area is $235 with hay and grain but doing so yourself is much cheaper. I always thought someone could set up a fairly large horse ranch take in rescues and rehabilitate for the larger markets of Detroit, Milwaukee, Chicago (all under six hours drive). Just a thought for people who like that stuff.
Friese, M., Hofmann, W. & Wiers R. (May, 2011). On taming horses and strengthening riders: Recent developments in research on interventions to improve self-control in health behaviors. Self & Identity (3), 10. Retrieved https://doi.org/10.1080/15298868.2010.536417
Stomp, M., Leroux, M., Cellier, M., Henry, S., Lemasson, A., & Hausberger, M. (2018). An unexpected acoustic indicator of positive emotions in horses. PLoS ONE, 13(7), 1–23. https://doi.org/10.1371/journal.pone.0197898
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