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Entrepreneurs Remain Wary

For business owner Chet Biernat, recovery is coming in fits and starts.

His transportation brokerage company, INCON Container USA Ltd., saw sales slip up to 30% in the recession. As customers now trickle back, the Royal Palm Beach, Fla., company is seeing “spurts of positive areas, but then it drops off without rhyme or reason,” Mr. Biernat says. Because of the unpredictable economy, he’s wary of re-hiring four employees laid off last year.

Shafer Vineyards

Shafer Vineyards owner Doug Shafer says he’s cautious on 2010.

Mr. Biernat’s story is typical of many entrepreneurs, who as a group turned slightly more pessimistic in February, according to the latest data from the National Federation of Independent Business. Small-business owners reporting to the trade group’s monthly economic index started predicting in April 2009 that sales would pick up. But actual sales fell, hitting record lows through 2009 and posting only modest upticks in 2010.

Yet, there are signs that some industries are faring better than others and may see improvements in earnings this year. Manufacturing, trucking and machine-related industries, which experienced sales declines of 20% to 30% in 2009, could make the greatest strides toward economic recovery, according to Sageworks Inc., a research firm in Raleigh, N.C., that collects data on private companies.

“There is some growth in big public companies that are exporting to growing economies,” says Drew White, chief financial officer at Sageworks. “Those big companies are paying vendors who are small businesses. That’s where revenue increases will come and people will start hiring.”

Some large manufacturers are ramping up, including Boeing Co.,

which is increasing aircraft output to meet rising demand. The company said earlier this month that its suppliers are ready for the faster production schedules.

Also, notes NFIB’s chief economist Bill Dunkelberg, stimulus money to the private sector has gone to big construction for government contracts—many of which have yet to break ground —and hasn’t flowed heavily through the supply chain to the smaller manufacturing firms. “This recovery is led by manufacturing and business purchases of equipment,” he says.

Companies that depend on consumer spending, such as grocery, clothing and electronic and appliance stores, posted sales drops of less than 2% last year, while sporting goods, gift, and liquor stores stayed even with or slightly better than 2008. These industries have shown signs life in the early months of this year, too, according to Yellowbook, which tracks contact information-lookup searches by company type. From November 2009 to January 2010, beauty salons, gift shops and sporting goods stores saw some of the biggest surges in search count.

[SBRECOVER]

But despite faring better than manufacturing firms this past year, experts say that lifestyle industries most likely won’t be the leaders in economic recovery. This, they say, is because consumer confidence—which drives these types of businesses—has been much slower to bounce back compared to big business contracts, which propel manufacturing firms. “Consumer spending is pretty puny,” Mr. Dunkelberg says. “This time, the consumer is not leading the way out.”

In Napa Valley, entrepreneur Doug Shafer’s winery, Shafer Vineyards Inc., depends on profits from restaurants that stock their cellars with Shafer bottles. Last year, sales fell 10% as fewer guests patronized restaurants and those who did bought food and beverages in the lower price range.

This year, Mr. Shafer and his father, who founded the business, have noticed a slight sales increase in the early months of 2010, but they are being cautious. “Betting on 2010 is playing poker,” he explains. “I don’t think it is doing as well as I had anticipated, but I’m tickled pink that it is doing as well as it is. While things aren’t rosy, I’m not seeing doom and gloom.”

Write to Emily Maltby at emily.maltby@wsj.com

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

Olympic Runners Find Unique Was To Raise Funds

Story By: by Mike Pesca

Big name medal winners in high-profile Olympic sports can count on support from sponsors. But not so for lesser known athletes. That’s forced some of them to take an unorthodox approach to fundraising.

Thinking of God—A Divine Way to Resist Temptation

[LEHRER]

Jonathan Hanson for The Wall Street Journal

Self-control problems often fade away when it comes to obeying religious dictates. These teenagers are eating a kosher meal in Maryland.

I was raised in a kosher household. Though I never fully understood why I couldn’t eat cheeseburgers or pepperoni pizza—the theology still confuses me—I quickly learned to follow the rules. At birthday parties, I always informed the hosts that I preferred my pizza plain. If they forgot, I would just eat the crust.

What’s odd about such self-restraint is that I was terrible at holding back my childish desires in almost every other way. Even as I skipped the pepperoni, I would often gorge myself on cake. I could deny myself lobster, but I would throw massive tantrums if I didn’t get my box of Milk Duds at the movies.

Though I no longer keep kosher, I’m still puzzled by why I found it easy as a child to follow these faith-based rules. Because it’s not just me: People consistently find ways to obey all sorts of onerous religious dictates. During Ramadan or Lent, for example, the observant manage to be self-denying even as they struggle to stay on a diet or hold back their temper. “The world is full of people who are fastidious about Biblical rules but can’t say no to fast food,” says Rabbi David Wolpe of Sinai Temple in Los Angeles. “There’s something about rules from God that make them easier to follow.”

According to research led by Kevin Rounding at Queen’s University in Ontario and recently published in Psychological Science, Rabbi Wolpe is right: People are better able to resist their desires when thinking about God. In a series of clever experiments, the Canadian scientists demonstrated that triggering subconscious thoughts of faith increased self-control.

First, the experiment’s subjects had to unscramble a series of short sentences, some containing words with religious connotations, such as “divine” or “Bible.” The scientists argue that encountering such expressions leads people to think of God, even if they aren’t consciously aware of such thoughts.

After completing the unscrambling task, the students took several tests of self-control. In one, they were paid a nickel for every sip of a foul drink of orange juice and vinegar. Interestingly, those students primed to think of God could endure much more discomfort and swilled twice as much sour juice.

In a second study, the scientists tested students’ ability to delay gratification, asking them if they wanted $5 tomorrow or $6 in a week. Those on a religious wavelength were far more likely to opt for the more prudent option. Finally, the scientists showed that God-minded subjects persisted for a longer time in trying to solve a frustrating puzzle.

If God is always watching, we better not misbehave—he knows about the pepperoni.

The effect, it turns out, does not require religious belief. More than a third of the students in the studies were atheists or agnostics, yet the scientists found that they were still influenced by subconscious thoughts of God.

Needless to say, we still don’t know why inklings of religion increase self-control. The scientists describe thoughts of God as providing the mind with “important psychological nutrients” that “refuel” our inner resources, much like Gatorade replenishes the body after a long run.

But how does religion do this? The scientists think that faith-based thoughts may increase “self-monitoring” by evoking the idea of an all-knowing, omnipresent God. Previous research, which showed that priming people to think of a vengeful, angry God reduces the likelihood of dishonesty, supports this view. If God is always watching, we better not misbehave—he knows about the pepperoni.

For Rabbi Wolpe, these results are an important reminder that human nature is deeply shaped by external structures. “People need a system of rules to live by,” he says, adding: “People drive slower when they see a police car. God is a bit like that police car: Thinking about Him makes it easier to do the right thing.”

A version of this article appeared May 12, 2012, on page C12 in some U.S. editions of The Wall Street Journal, with the headline: A Divine Way to Resist Temptation.

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

EPA Celebrates 20th Anniversary of Energy Star by recognizing two Organizations in Georgia

Release Date: 03/19/2012Contact Information: Dawn Harris-Young, (404) 562-8421, harris-young.dawn@epa.gov

ATLANTA – As a part of the celebration of Energy Star’s 20th anniversary, two organizations in Georgia were honored by the U.S. Environmental Protection Agency (EPA) with the 2012 Energy Star award. This award was given because of their outstanding leadership and commitment to protecting America’s environment through superior energy efficiency.

Award for Excellence
Hoshizaki America, Inc. of Peachtree City, Georgia is an international leader in the design, manufacture, and marketing of products for the foodservice industry. Hoshizaki America exemplified its leadership by successfully promoting ENERGY STAR qualified ice machines, dishwashers, and other foodservice equipment.

Award for Sustained Excellence
SCIenergy of Atlanta, Georgia is an international energy management company that is dedicated to helping building owners and operators optimize the performance of their buildings. SCIenergy is receiving ENERGY STAR Sustained Excellence recognition for continuing to champion ENERGY STAR and the central role of benchmarking whole-building energy use in effectively managing energy performance.

Over the past 20 years, with help from Energy Star partners, American families and businesses have saved about $230 billion on utility bills and prevented more than 1.7 billion metric tons of carbon pollution. Nationally, the 109 Energy Star award winners were chosen from nearly 20,000 partners from across the nation. Organizations are recognized in one of four Energy Star award categories: corporate commitment, sustained excellence, partner of the year, and excellence in delivering specific promotions.

Launched in 1992 by EPA, Energy Star is a market-based partnership to reduce greenhouse gas emissions through energy efficiency. Last year alone, Americans, with the help of the Energy Star program and its partners, saved approximately $23 billion on their energy bills while preventing greenhouse gas emissions equivalent to the annual emissions of 41 million vehicles. To date, more than 1.3 million new homes and nearly 16,500 buildings across all 50 states have earned EPA’s Energy Star certification. Today, the Energy Star label can be found on more than 60 different kinds of products with more than 5 billion sold over the past 20 years.

Complete list of 2012 award winners: www.energystar.gov/awards

More information on Energy Star 20th Anniversary: www.energystar.gov/

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Published by: United States Environmental Protection Agence (EPA) (yosemite.epa.gov)

What’s News from B-Schools

Monday, April 30, 2012


Jack Welch Management Institute Nabs Cornell Administrator

The Jack Welch Management Institute has named Daniel Szpiro, currently associate dean for executive education at Cornell University’s Johnson Graduate School of Management, as its new dean.

Strayer Education Inc. and Mr. Welch teamed up to buy the school from its prior parent, Chancellor University, in late December. JWMI offers executive M.B.A. degrees and certificate programs in “Creating a Winning Strategy” and “Becoming a Leader.” Strayer’s portfolio includes online and campus-based certificates and degrees including an M.B.A. The school caters to working adults completing their degrees.

[JWMI]

John Reis

Daniel Szpiro has been named the new dean of the Jack Welch Management Institute.

Mr. Welch described Mr. Szpiro as a “dream candidate,” adding that he had been doing “what we want, for an Ivy League school.”

Mr. Szpiro currently oversees Johnson’s executive M.B.A. and non-degree programs. He was the founding director of the Cornell-Queen’s Executive M.B.A., a partnership with the business school at Queen’s University in Kingston, Ontario, and had responsibility for the Cornell Executive M.B.A., based in Palisades, N.Y. The Cornell-Queen’s program has 124 students in the class graduating in 2013, and the Cornell Executive program has 60. Executive development programs have about 450 participants.

Mr. Szpiro, who will begin in his new role June 11 at Strayer’s Herndon, Va., corporate headquarters, said he’s taking the position because it is a “new challenge.” He will work to refine JWMI’s curriculum, attract and retain faculty and possibly broaden the school’s portfolio of offerings, he said.

Mr. Szpiro declined to provide details of his compensation package, other than to say it is “very attractive” and includes some restricted stock grants.

Though JWMI remained small at its prior parent company, Chancellor University, Mr. Welch said the school is expanding rapidly, with employees from companies including IBM and Microsoft — “all the good names” — signing up for courses. Strayer said the school enrolled about 220 students in the spring term, including 76 new students, and is aiming for 150 new students in the next term.

***

Friday, April 27, 2012


HEC Paris Changes M.B.A. Curriculum, With Help from Bain

HEC Paris is revamping its M.B.A. curriculum after taking a few lessons from its own classroom: market research and competitive benchmarking.

The school hired consulting firm Bain & Co. on a pro bono basis to survey corporations that do – and don’t – recruit at HEC to gauge what skills those companies seek from students. (Bain itself also recruits from the school.) The consultancy also compared the existing course offerings at HEC against 10 competitor business schools and facilitated a series of workshops with faculty, staff and administration.

In recent years Bain has worked with a number of other schools, though not just on curriculum reform. Projects have included operational reviews at University of North Carolina and Cornell University and a strategic planning process at University of North Texas at Dallas.

If HEC left the project entirely up to the faculty, said Bernard Garrette, associate dean of the M.B.A. program, they would have argued about protecting their own courses. An external perspective, however, “makes them listen much more.”

Beginning this September, the 16-month full-time M.B.A. will include experiential learning – including leadership development programs at a nearby military academy – and a required course on ethics. Mr. Garrette said that class is “about how to take into account ethical thinking in decision-making” and how different cultures interpret ethical principles, rather than an attempt to impose a norm in a multinational setting.

Second-year students, meanwhile, will see the introduction of a new concentration, leadership in global organizations, which Mr. Garrette said is a response to companies’ comments about the importance of business development skills, an innovative mindset and the need to manage diverse teams. (HEC also offers specializations in marketing, finance, strategy and entrepreneurship.)

The existing entrepreneurship concentration is getting a reboot, as HEC takes advantage of ideas that originate in nearby schools with strong technology and science programs. Mr. Garrette said the school is looking to MIT’s Sloan School as a model for the approach.

***


Keep reading What’s News from B-Schools

Write to Melissa Korn at melissa.korn@wsj.com

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

Germany braces for clashes between Islamists, right-wing activists

Germany braces for clashes between Islamists, right-wing activists("Los Angeles Times," May 8, 2012)

Berlin, Germany – Days after a bloody street battle led to more than 100 arrests, authorities in Germany’s biggest state braced for the possibility of more violence Tuesday between a right-wing political party and an Islamic group.

Police in historic Cologne, the largest city in the state of North Rhine-Westphalia, were preparing for a tense standoff as Salafi Islamist activists planned to protest a campaign rally in front of a mosque by the anti-Islam party Pro NRW.

The potential clash of demonstrations follows an outbreak of violence whose scale has caught Germany by surprise.

On Saturday, 29 police officers were injured, including two with serious knife wounds, and 109 Salafi Islamists were arrested in the former West German capital of Bonn after members of Pro NRW provoked the Salafists with mocking cartoons of the prophet Muhammad.

On Monday, Pro NRW held smaller rallies in three other cities in North Rhine-Westphalia.

“We will not tolerate these attacks on the constitutional state and our police officers and will increase our pressure on both Pro NRW and the Salafists as much as possible,” North Rhine-Westphalia’s governor, Hannelore Kraft, told the newspaper Bild. “That means denying entry to Salafists who are known to be violent, as well as preventing Pro NRW from showing any more anti-Islamic cartoons.”

Salafism is a movement within Sunni Islam that advocates a return to an earlier form of Islam. Only a radical minority of Salafists advocate violence, but the German intelligence service has said that nearly all violent jihadists in Germany have had prior contact with Salafists. German Salafists attracted national attention last month by launching a campaign to hand out 25 million free copies of the Koran.

Authorities have forbidden more than 100 Salafists from entering Cologne and have said they won’t allow Pro NRW to demonstrate near the mosque. But efforts to prevent Pro NRW from using offensive images were complicated by two court rulings Monday that displaying cartoons of Muhammad was protected free speech.

“We will allow peaceful protest against the campaign event,” Cologne’s police chief, Michael Temme, said on Tuesday. But, he warned, “we will swiftly and systematically oppose any form of violence.”

Muslim leaders in Germany have condemned the attacks on police in Bonn.

“Reacting to these provocations with violence is not the way of peace-loving Muslims because it is un-Islamic and moreover plays into the hands of the right wing,” the Central Council of Muslims in Germany said Monday in a statement.

Provocation is a deliberate part of Pro NRW’s strategy. “It is of course part of the campaign,” Pro NRW general secretary Markus Wiener told the German magazine Der Spiegel. “We are a party that is critical of Islam, and we wanted to show our standpoint.”

Germany, with 4 million Muslims, is one of the few European countries with a sizable Muslim minority that has not seen the rise of a powerful national anti-Islam political party. Pro NRW received only about 1% of the vote in the last statewide election in North Rhine-Westphalia in 2010 and is fielding candidates in this Sunday’s election.

The country’s largest far-right party, the National Democratic Party, has never come close to the 5% hurdle needed to gain representation in the German parliament, though it has been represented in several state parliaments in the former East Germany.

Published by: WorldWide Religious News (wwrn.org)

Moms Often Overlook Toddlers’ Weight Problems

Story By: by Scott Hensley

Overweight, too thin or just right?

A roly-poly toddler strikes many mothers as the picture of health.

But the road to obesity can start early in life, so it’s important to know whether the baby fat that lingers on a toddling child is a healthy cushion or a sign of too much food too soon.

How good are mothers at recognizing whether their toddlers are overweight, underweight or just right? Not very.

More than two-thirds of the mothers participating in a recent study were inaccurate in their assessments. And the biggest problem was moms who thought their overweight toddlers were just fine.

Researchers asked 281 mothers recruited from two clinics (one in Baltimore and another in a nearby suburb) that serve mainly low-income mothers to find out. Seventy-one percent of the participants were African-American.

The researchers picked those clinics because children in low-income families are at higher risk of becoming overweight or obese.

The moms were asked to find the best match for their child from silhouettes of toddlers of various weights. They also asked which picture the moms wanted their kid to resemble. Moms and kids got their weights and heights measured.

Mothers with overweight toddlers were generally satisfied with how their kids looked. Those with underweight toddlers were more likely to get the assessment right — and to be dissatisfied with the situation.

Tellingly, 4 percent of the mothers of overweight toddlers and 21 percent of those whose kids were a healthy weight wanted their kids to weigh more.

“The concern is that perceptions are likely to drive behavior,” Erin Hager, the lead author of the study. And parents control what their toddler eat, says Hager, an assistant professor in the pediatrics department at the University of Maryland med school in Baltimore.

The results appear in the latest Archives of Pediatrics and Adolescent Medicine.

Hager tells Shots that the findings suggest doctors should work harder to talk with families about what a healthy weight is for young children, including specifics about their kids. “Seventy-five percent of parents of overweight kids have never been told that by a pediatrician,” she says.

An accompanying editorial by pediatrician Eliana Perrin praised the study and pointed out that it’s harder for people to recognize weight problems these days because “being overweight has become the norm for too many children and parents.”

She calls for a public education campaign and routine screening of 2-year-olds for weight problems. The issue is fraught, she writes, but it should be possible to open the discussion while preserving “cultural ideals and pride in children’s growth but also help parents achieve healthy weight trajectories.”

Spain plans for bail-out of major bank

LOS ANGELES, CA (Catholic Online) – Rodrigo Rato, Bankia’s executive chairman and a former International Monetary Fund managing director, resigned from the bank that had been formed in 2010 out of a merger of seven Spanish savings banks following the announcement.

Spanish Prime Minister Mariano Rajoy said in a radio interview that the government would consider injecting state funds into the banking sector if needed.

“If it was necessary to reactivate credit, to save the Spanish financial system, I would not rule out injecting public funds, like all European countries have done,” Rajoy said.

The bursting of Spain’s property bubble has seen the level of bad loans as a proportion of total lending rise to the highest level in 18 years, leaving banks managing vast portfolios of repossessed and unsold real estate. The banks have also been denying credit to an economy that is suffering its second recession in three years.

According to one economy ministry source, the Spanish government can deploy the state-backed Frob bank restructuring fund to pump capital into Bankia and is considering the use of contingent convertible bonds, known as cocos.

The official would not say how much money would be needed, but Spanish press reports indicated that Bankia could receive €7 billion — €10 billion of additional capital.

Rato, a former finance minister who was placed in charge of Bankia in spite of having little experience as a commercial banker, announced that he had proposed José Ignacio Goirigolzarri, former chief executive of rival BBVA, as his successor.

Goirigolzarri was recommended after consultation with the Spanish government, one person close to Bankia said.

The IMF singled out Bankia last month as the largest risk to the stability of the Spanish banking sector. The fund recommended that Bankia and other banks take “swift and decisive measures to strengthen their balance sheets and improve management and governance practices.”

Part of the bank was listed on the Madrid stock market last year, raising €3.3 billion from private savers and Spanish institutions, a move criticized by many analysts and investors for failing to recapitalize Bankia sufficiently.

Two of Bankia’s constituent cajas, Caja Madrid and the Valencian Bancaja, have historically had strong ties to the ruling center right Popular party of Rajoy.

Bankia shares, which slid 3 per cent on the news to €2.38, have fallen 36.5 per cent since their listing last summer.

© 2012, Catholic Online. Distributed by NEWS CONSORTIUM.

Published by: Catholic Online (www.catholic.org)

The Summer TV Season, From ‘The Newsroom’ to ‘Breaking Bad’

Bunheads

(ABC Family, June 11)

ABC

Bunheads

Tony-winner Sutton Foster, who recently left Broadway’s “Anything Goes,” plays a Las Vegas showgirl who settles down with a job at a small-town dance school. The cable channel is hoping an audience of both mothers and daughters will line up for the show, executive produced by “Gilmore Girls” creator Amy Sherman-Palladino.

Dallas

(TNT, June 13)

TNT

Dallas

Producers say they’re going for dramatic intensity, not camp, in the sequel to the ’80s smash. Larry Hagman and Patrick Duffy are still playing brothers J.R. and Bobby Ewing, but now their sons are butting heads over oil. Unlike the original L.A.-based production, this version was shot in Texas.

The Newsroom

(HBO, June 24)

HBO

The Newsroom

After films such as “The Social Network” and “Moneyball,” writer Aaron Sorkin pivots back to television—and yet another frenetic, behind-the-scenes milieu—with this drama about a cable news operation and seesawing journalistic standards. Jeff Daniels, in his first leading role on television, stars as a firebrand news anchor.

Episodes

(Showtime, July 1)

In this satire of the entertainment business, a pair of British comedy writers sees their marriage falter and their clever material pulverized by the Hollywood sitcom machine. Their fictional show stars former “Friends” doofus Matt LeBlanc, who plays a caricature of himself. In real life last year, Mr. LeBlanc won a Golden Globe for his season-one performance.

The Closer

(TNT, July 9)

TNT

The Closer

Kyra Sedgwick enters her seventh and final season as witty detective and master interrogator Brenda Leigh Johnson. The show gave TNT its biggest scripted hit and helped energize the summer programming of cable TV. In a spin-off premiering after the finale, a police captain played by Mary McDonnell stays on the case in “Major Crimes.”

Louie

(FX, June 28)

FX

Louie

Going into its third season, Louis C.K.’s raw, loosely autobiographical series has helped elevate him to comic laureate status. FX has built a Thursday block of comedy around it, including the returning “Wilfred” (starring Elijah Wood) and the coming premieres of “Anger Management” (post-meltdown Charlie Sheen) and the late-night “Strangely Uplifting,” hosted by Russell Brand.

Breaking Bad

(AMC, July)

The story of a teacher-turned-meth chemist (Bryan Cranston) and his manic sidekick (Aaron Paul) has managed to maintain its speedy pace—and pick up a load of awards—without losing love from viewers and critics. Now series creator Vince Gilligan must stick the landing with a fifth and final season, which will air in two batches of eight episodes each.

A version of this article appeared May 4, 2012, on page D2 in some U.S. editions of The Wall Street Journal, with the headline: THE SUMMER SEASON.

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

Al Wahda coach laments tough year

Abu Dhabi: Outgoing Al Wahda coach Josef Hickersberger has dubbed this season the "toughest year" in his career in football management, according to a recent interview given to Vienna-based daily Kurier.

With former Iran coach Branko Ivankovic among those lined up to replace the 64-year-old Austrian at the Al Nahyan Stadium in Abu Dhabi, Hickersberger has kept no secrets about his future plans in recent weeks.

Sixth in the league with six wins, nine draws and four losses from 19 games this season, with group phase elimination in the Etisalat Cup and President’s Cup semi-final defeat to Bani Yas, Hickersberger, will leave this summer after a five-year association with the club split in two spells.

With Al Wahda, the former Bahrain and Austria coach won the league in 2010 and super cup in 2011. But in 2012 he has won just three games.

Article continues below

© 2011 Gulf News (www.gulfnews.com)