2005-05-08

1 Left

This past week wasn't very fun, especially Thursday and Friday. Thursday was all about preparing for Friday and Friday was a group paper and two finals. I had finished my part of the group paper on Monday and I couldn't really help the guys out with it too much Thursday night. I felt bad about that, but I tried to write more than my share to compensate.

The two finals were rough, especially since I wasn't able to prepare well for either. The first was at 8:30am, Corporate Financial Reporting. I knew how to do most of the stuff but wasn't very confident. There was also a problem worth 14% of the test that I had no idea how to solve. I had meant to study the specific principle involved but somehow skipped it. I felt like a dumbass when I saw that one on the test...Later in the afternoon came Decision Analysis. The good news was that the types of problems in that final were the same concepts I spent a whole semester learning. The bad news was that these were harder than anything I had ever seen and I had no idea how to do 2 of them, though I wrote some bullshit down (there were about 8 problems total so not too bad...especially if they curve).

My Futures & Swaps final was about 9 days ago on Friday. I ended up getting a 69 on the final and a B overall in the class. CMU business classes are so great for curves!!! That final was hard, but that class had confused me all semester so I'm happy with the B.

So that only leaves Electoral Systems, an interesting niche class, on Monday at 8:30am. Unlike all the other finals, this one is cumulative so I'm going to be spending the next 24 hours (minus sleep) going over a large amount of concepts. The best takeaway concept I learned in that class is that given enough control and intelligence, it is possible to design and election system that will allow you to somewhat control the outcome. This concept especially holds true when setting an agenda, which the Speaker of the House does in Congress. I don't need a very high grade on that final for a B, but I'm hoping for an A. This class was definitely the most interesting I had all semester so I want to at least show that I mastered the concepts...

2005-05-06

Capitalism: New Russian Style

Despite Russia recently being designated as a country with no free-press and democracy being beaten down in subtle ways by Mr. Putin, capitalism is alive and well when it comes to government officials.

This article recently came to my attention and it even has a Pittsburgh connection! It seems that the former Russian Minister of Atomic Energy along with his American associate may have bilked several countries out of $9 M USD. Many shell corporations and international bank accounts were used to divert the money in more ways than a Swiss banker could come up with, although they claim that the money was sent abroad due to a distrust of the Russian banking system. In all fairness, that may be true, since during the early 90s there was rampant distrust of domestic money markets. What makes this look especially bad for the two is that the money was to be used to help increase security at Russian nuclear sites. You can bet the USA will try to fuck these guys as hard as it is legally allowed to (and then more). It will be interesting to see what happens in this case, but I hope for these guys' sake that they have a hell of a defense team.

2005-05-05

Problems in Detroit

Growing up in Detroit, it shouldn't be a surprise that I have a good knowledge and family ties to the auto industry. Unlike most, these ties were mostly on the sales and consulting side, not with one of the specific manufacturers. My father has worked in dealerships for over 30 years in about every position and now is primarily a consultant. All this has rubbed off on me somewhat so I felt like writing about an interesting story I read in Businessweek. The link to that story is here, and I highly recommend anyone interested in the auto industry or business read it.

It seems that GM is about to fall apart. This is the company that has been #1 for over 70 years, which is practically unheard of in any industry. They used to be based in Flint, Michigan the location of the famous sit-down strike where the UAW was born. They left Flint, pretty much wrecked the town, but that's another story that Michael Moore made a movie on (which was pretty good, by the way).

GMs problems stem from mismanagement. Working class American's love to blame foreign competition (in the 80s many Toyota dealerships were vandalized and a Chinese man was murdered because a group of auto workers believed he was Japanese). I looked for links to these stories and was unable to find any, but it happened about 20 years ago and shows how protective people can be about American cars. People blame the Japanese because they succeeded where they Americans failed to. They just ran their business a lot better, producing higher quality cars at equal or lower cost and were quicker to introduce newer technologies.

GM seems to have an identity crisis; the company doesn't have a clear image as to what they produce. While Toyota stresses quality and fuel economy, Honda both of those plus great engines, BMW brings style and performance (though mediocre quality), GM's lineup is variable in quality (Cadillacs being great with the others average at best), cheaply made in some respects, poorly designed in others, with a mid-range price. With the exception of the new Cadillacs (which are pretty stylish and perform well while maintaining high quality), none of GMs lineup really appeals to me. I guess the original Hummer does, but its cheaper siblings seem to have too much plastic for the price. Their models overlap too with trucks produced by Chevy and GMC, midrange cars made by Saturn, Chevrolet, Saab, Pontiac, and Buick. Redundancies reduce the amount of research money that can be spent per vehicle, something that Honda and Toyota figured out early on that GM really needs to do.

These main factors hamper GMs ability to outsell their competitors, even with pickup trucks, since Ford is generally recognized as having the most rugged. Nissan and Honda also pose a threat in this area and I believe that their market share will soon increase, especially with Honda's Ridgeline which looks really cool even though I don't really care for pickups.

GM also has some problems with labor it seems. I personally don't like unions too much since they go against a free market. When you are paying people wages above the market average and bound by contracts stipulating how many of them must be employed at any given time, your options are greatly limited. The UAW was useful at first because workers were treated a lot differently 50 years ago. These days it just takes a cut of workers paychecks and makes life harder for GM. If the UAW's contacts help GM go bankrupt, will the workers benefit? I think not.

This is just my take on the situation with what I know from various news sources. I advise anyone who wants some details to read the article mentioned above.

Lastly, if the CEO from GM ever reads this, here's a vaccine that still might help GM: Kill Saab, Buick, and Pontiac. Pontiac has some new models that if improved might be able to integrate with Chevy or Saturn. See how the other brands fare for 3 years and combine more if necessary. Give the UAW hell. When the contract comes up for renewal, consider starting some nonunion plants. Toyota does it here in the USA. Work is work whether it is union or not. It will take time for some people to learn this, but those in the labor business will eventually shut up, and in the meantime you might just save the company.

If the CEO doesn't do things like I mentioned above, I have a feeling GM will either go bankrupt or get split up into a lot of small pieces. Neither is very attractive.

And today there was another update, Kirk Kerkorian, the rich guy who owns casinos, was once Chrysler's largest shareholder, and is currently suing Daimler Chrysler is considering doubling his stake in GM whereby he would own over 8% of the company. Richard Steinberg was quoted by Reuters as saying, "The vultures are now flying over the carcass."

Sleeping

As with many of my friends, my sleep schedule has become really fucked up this week. As you probably read about in my previous posts, I pulled an all-nighter Monday night, staying up until Tuesday afternoon. I woke up in the early evening (on Tuesday), did some more work and went to bed around 3am on Wednesday. Looks like I'm starting another all nighter now, studying for one of 2 finals I have on Friday. I may end up staying up all night tomorrow (Thursday) studying for the final that is at 830am Friday. Then I can sleep Friday afternoon until my other final at 530pm, which I am studying for now (as well as writing a paper for the same class). I think its even more strange that I am planning my days like this, but during finals shit like this is definitely not the exception.

To all my friends at CMU: Good luck on your remaining finals!

To my friends at other schools: You're probably done by now, have a good graduation or summer break!

2005-05-03

Runaway Bride

If you've been watching the news lately you've without a doubt seen the story about the woman who went missing several days before her wedding, causing hundreds of people to go searching for her and most presuming she was dead until it turned out she just ran away.

She was found in New Mexico and told the police and FBI that she had been kidnapped. Soon after she admitted she had just gotten cold feet and took off. They are now considering charging her with false reporting and/or making her pay an estimated $100,000 for the search.

While the charges might just stick, I think that the fine is dubious at best. The search was called off before she was even found, and she didn't commit any crimes until she lied to the police. If she had been found and said she had just taken some time off and not made up any stories, she would definitely avoid ALL penalties. Just my opinion on the subject, personally, I think either she's nuts or her fiance is a real asshole.

Another all nighter continues

Its 7am and I didn't sleep this past night... instead I helped a friend study for a final and cranked out the bulk of my part of a group paper that's due on Friday. Though tired, I feel that I've accomplished a lot and will probably work for a while longer til finished. At least now I'll have more time to study for my 2 finals this Friday (and one of them is at 8:30am). Hopefully all nighters will end with my college career.

CMU III

Another entry about CMU. More will come about my fond memories of this place, but I decided to write about the benefits of college.

Today I was thinking, did I actually learn anything here? Was it worth over $150,000? I personally believe it was. My overall knowledge of business and finance has gone from almost non-existent to a level far beyond average.

I do not consider the actual business knowledge to be the most important aspect though. I think the most important thing I learned here was problem solving and critical thinking. Sounds rather trite, but its true. I find that I can tackle almost every problem thrown at me (at least in school) with relative ease. I don't stress as much, I'm able to study much more efficiently than I ever did in high school, and I find these mental processes working in the "real world" too.

Another thing I've improved with is group work and leadership. In high school we had some group projects but they weren't really effective at teaching group dynamics, they were just a way to let students work on a project that would be too overwhelming for one person. Here, I have had great groups, average groups, and horrible groups. I have also really started to take command of groups, delegate tasks, and manage people. I'm not an asshole at it, I just try to make sure that nobody feels cheated by other group members, keep everyone on track, and make suggestions. I also usually do more than my share of the work, because many things my groups do are my ideas, so everything has to start somewhere.

An aside on group work... I personally believe that to measure your success at group work, its not necessarily your leadership skills, delegation skills, or effort, at least not directly. I think the best way to measure the success is the number of projects that should have been failures and almost were, had it not been for you tireless working to get things right. If you measure it that way, I'd say I've done pretty well.

So, those are the two biggest things I learned in college. Both are extremely important to being successful, so I do feel it was worth it. Not to mention that getting a Bachelor's Degree is essential to finding good employment.

I probably could have gotten a comparable education at a state school for half the price, but private universities do have advantages, especially the small class sizes which really helped me. The few large classes I attended weren't very meaningful.

So, my advice: go to college.

2005-05-02

Bye-Bye GLOCK

Today I bid farewell to my .45 caliber GLOCK 30, Mr. M is now the proud owner of this firearm. As you all probably know from my previous entry, I recently purchased a CZ 75 P-01 to replace the GLOCK. While GLOCKs are fine pistols, both in quality and reliability, there were several features/qualities that I never really liked.

The trigger always bothered me. At 5.5 pounds, it is equivalent to a single action pull of my new gun. That unnerved me, especially with the myriad of anecdotal evidence concerning policeman shooting themselves in the foot with one (there is even a true video circulating on the internet that shows this, although the idiot DEA agent who shot himself did so through his own stupidity without any faults on the gun's part). While I would (hopefully) never be stupid enough to put my finger on the trigger while (un)/holstering it, an AD (accidental discharge) is definitely possible. I didn't care much for the feel of the trigger either, it wasn't SA or DA, just something odd.

That being said, GLOCKs are extremely well built, use a very modern and uncomplicated design, and are in use by over 50% of police departments in the USA. They are great guns, but I'm not sure if I'll own one again.

To be fair, I also wanted to switch from a .45 to a 9mm. With my limited budget, 9mm is much cheaper to shoot. I also was nuts about owning a P-01, so that clinched the decision.

So, farewell GLOCK, it was fun, maybe we'll meet again, but for now I'm sticking with my P-01! Lastly, many people love GLOCKs, I am pretty much indifferent, and this guy hates them!

2005-05-01

At least the real part is over...

With all of the nostalgia and thinking about my last four years spent at college, this past week has reminded me just how much I am glad that school is coming to a close (at least for now). On Friday I had a final exam and a presentation. I think I probably failed the final exam, but that's okay because everyone I talked with thought the same thing and this professor enjoys giving generous curves to his students. That being said, there is no way that I didn't pass the test, so all is good.
The presentation went okay, but I thought our effort may have been weak compared to other groups. I didn't see any other groups present, but its a gut feeling. Our project was about safety on campus. I agree with one of our survey respondents: if the campus started honoring gun permits I'd feel a lot safer. Fucking liberal swine!

2005-04-28

The last day approaches

Friday is the last official day of classes. Although I usually only have one (online) recitation on Friday, this Friday I have a test in Futures & Swaps (which is a final but only 50 minutes long), a presentation in Decision Analysis and Decision Support Systems, and a graduation meeting. This isn't going to be a fun 48 hours, but at least when its over school will be over with the exception of 3 finals.

2005-04-27

Newspaper Scandals

This post covers an event that's been unfolding for around a month, but I haven't thought to write about it until tonight.

We all remember the Jayson Blair scandal at the New York Times, where a young reporter was caught faking an article, plagiarism even more, got fired, and then wrote a book blaming affirmative action for the whole thing. Personally I think most of what he said in the aftermath was just to save his ass and blame people higher up, but it is rather strange that no editor ever questioned him.

Recently there has been a new scandal in my hometown, Detroit. Mitch Albom, Detroit's best known sports and opinion columnist, was caught writing an article a few days before the events happened. He was caught because he described two guys at a basketball game who ended up not going to it.

I once met Mitch Albom. In ninth grade English class, the teacher took us on a field trip to the Free Press to here Mr. Albom talk about writing. I don't remember much of what he said, but I'm sure he said something about journalistic integrity. My impressions of him at the time (which was almost 8 years ago) were that he was pompous and felt that he could do no wrong. Guess that overconfidence got him in a bit of trouble...

but before all that happened...

He's written two bestsellers, has a radio show, is known by all in Detroit, but now he really fucked up big this time. It will be very hard for him to be credible now, and I suspect his career will be over in the coming months or years. He wasn't fired over this, but had to apologize enough times that it has become quite annoying.

I don't think what he did was that bad, I never trusted his writing anyway. He's very liberal and tends to dramatize the most mundane details, in effect wasting the reader's time. Of course, that's better than what he'll be now: boring as fuck. He'll be under a microscope and probably avoid any type of controversy.

The lesson to take away from this is that if you are a journalist, writer, blogger, etc, you shouldn't lie or steal someone's work. Not only is it bad as far as the ethics go, but you risk losing many of your readers if you get caught. At any rate, you'll lose your trust.

To my readers: You'll never have to worry about me lying on here, unless you consider hardcore cynicism to be a lie... and if I'm going to plagiarism anything, I'll link to it.

2005-04-25

Crazy Italians

And you thought we had weird laws in the US... It is now illegal in Turin, Italy to walk your dog less than 3 times per day. Pet owners found guilty of this type of animal abuse (letting their dogs rest, it would seem is now abuse) can be fined the equivalent of $650.

This law is complete nonsense, but it goes well with many other European laws, as socialist countries like Italy, France, etc. frequently tell their citizens how to do EVERYTHING or risk being fined. In Rome, you can't even lead your friends on an informal tour of the city, or you'll be fined big money for conducting a tour without a license.

2005-04-24

Interesting Magazines

A few of my favorite magazines, click to see the online content (some of them publish the entire current issue for free online):

Reason. The best political magazine in existence. Mostly libertarian but has contributing writers from different political philosophies. Usually has a very interesting main article. My favorite section of the magazine are the brickbats, showing enemies of liberty around the world and the horrible, stupid, and sometimes funny things that happen to people when the government gets out of control. I'd recommend this magazine to ANYONE interesting in politics or current events.

SciAm. I've always been interested in science. This magazine leaves out many of the heavy technical jargon so that the layperson can understand new discoveries, but it doesn't talk down to you either. Each issue has a large variety of topics. It's also been around for over 100 years so that says something. Recommended to anyone with a casual interest in the sciences.

Liberty. I haven't read this one much, but what I have read impressed me. Not quite as polished as Reason and probably a little bit more hardcore libertarian, but the few issues I've read have been super!

The Bulletin of the Atomic Scientists. An interesting niche publication focusing on global security issues. In the past it has had very important people write in it, but it is most famous for the Doomsday Clock, which proclaims that humanity is only a few minutes to midnight (i.e. nuclear war). Clock gets adjusted depending on what's going on in the world, currently set at 7 minutes to midnight). You may get nervous reading about the crazy stuff going on or may be comforted by new anti-terrorism technologies. Its worth checking out at the least.

CMU Part II

Continuing with my freshman year:

I found classes at CMU to be easier than those at high school. Huge surprise, but then again, I took 5 AP classes in high school which were taught pretty well (meaning they were very difficult). I was supposed to take 5 classes my first semester, but they placed me into a higher level French class and it was well beyond my abilities. I dropped my first class within a week.

Also met a few girls within the first month of being here. None were very impressive, CMU tends to attract girls of a certain character...

The other classes included a required business calculus course that was easier than calc BC in high school, a psychology course, a required history course, and introduction to business.

The psych class was probably the most interesting. We had two professors for intro to business because our professor had heart surgery within the first month. The new professor had a lot different expectations for the course. Being an intro level course, it wasn't supposed to teach very much. I remember almost nothing from that one... oh well.

The second semester was more of the same. Took intro to econ, the only econ class I didn't mind. The professor was an ex Gulf Oil exec who was extremely rich and used his own plane to commute to CMU from Florida every week. He was enthusiastic about teaching certain concepts but at the same time didn't seem to care very much about the class. At least it was a (relatively) easy A and the only homework was extra credit.

Towards the end of freshman year I met Carlos who continues to be a good friend to this day. I also decided I hated living in a dorm and made plans to live with Sergey in the CMU controlled off-campus apartment for my sophomore year.

The summer after freshman year I had my only internship at FORASOL, SA in Switzerland. My father's friend had recently become an owner of the company and I was able to help them with some web design, technology issues, and a marketing campaign. It was kind of boring at times and I had to do some menial office tasks like making copies and binding things. Switerland wasn't too bad, but its not an extremely fun country. Thankfully I got to go to Paris several times over the summer.

2005-04-23

CMU Part I

I decided since my time as CMU is quickly coming to an end I should write a little about my time here. This is part 1, I'm not sure how many parts there will be. Some things may be detailed, others not. That's because I'm just writing my memories and a lot of stuff here wasn't very memorable. I'll be posting this along with my usual crazy posts, so bear with me.

I applied to CMU on a whim, because I saw their business department was ranked pretty high and it seemed like I could get in. Before reading the college rankings for 2 minutes at Borders (too cheap to buy it) I had never heard of it. If I hadn't gone here, I probably would have gone to Umich or McGill in Montreal, most likely the latter because I wanted to go somewhere where few people from my high school would be. Almost everyone in the top 50 went to Michigan, not a bad school, would have been a lot cheaper, but I think it would have been too big for me. Most importantly, only McGill and CMU allowed me to get into a business program immediately instead of waiting 2 years like Umich.

So I got the "big envelope" from CMU, I figured it was a good school and enrolled without even visiting campus, though I talked to many people about it. People from my high school were pretty impressed. I had wanted to get into Duke or Northwestern, but I don't think I would have liked it much in those schools. Regardless, they don't have business programs, so I would have been econ which I have learned is not for me.

I arrived at CMU about two days before orientation started. I was in a small-ass dorm. My first impressions were that everyone seemed nice. The first night there I made two friends who would become good friends of mine for a while, and we went to some frat parties, back when they were still good here.

Everyone seemed really nice, I think it was mostly because not many people knew anyone at their new university and wanted to put on their best faces to find friends...the "real" people would sometimes emerge within weeks, months or even years. One of the people I met after playfair was Sergey who remains one of my best friends to this day.

Playfair was weird, definitely unforgettable. We ran around and acted like idiots. It was really pathetic, we tried to find people with the same birthdays as us at one point. I didn't meet anyone new there, hopefully they get rid of that someday.

My roommate back then was also a really good guy and I still talk to him. He came back drunk many times and woke me up, but was also a great help to me in many of my classes.

I also thought the campus was nice. It isn't too big or two small, about 5,000 undergrads which means you can meet a lot of people but not have to see them everyday.

I learned not to like the bus system here quickly, it was never on time, it was crowded, and I saw a woman shit her self on the bus seats. Not good.

I also was required to enroll in the campus dining program, which is the worst food in the world. They don't care about it because all freshmen HAVE to pay for it; almost nobody continues using it, so they are guaranteed new customers every year. Quality sucks, the people who work there are nice except the managers who seem to treat their underlings like shit.

Those were my impressions of CMU during orientation for the most part. Not too much happened that really sticks in my mind when I first got here. Part II will be posted sometime later...