Sunday, March 13, 2011

In response to Douglas Sack

Do you think a paid vacation trip is an effective motivational tool? What incentives would you like to see as an employee?

I have to disagree with Douglas because I think that a paid vacation is an effective motivational tool. (Just to clarify the paid vacation or incentive trip is an all-expenses-paid excursion). I am also positive that a company would at least find out what incentives would motivate their employees before deciding to use paid vacations. I doubt very much that if someone that was being rewarded preferred something other than the paid vacation that some alternate compensation could not be agreed upon. Remember, this is a reward not punishment. By law employees have to be given vacation time and if they worked hard enough to be rewarded with a paid vacation, what more can they ask for. Personally, I would love to have one of those.
On the other hand, the criticism of A.I.G was called for and I see no reason why the executives were on a lavish paid vacation a week after government had to bail them out. Regardless of how the vacation was paid for, their actions led to the company’s failure and yet still they are been rewarded, ridiculous. Yet still people wonder why the economy is in such a mess.
Do you think that top paid executives should have company paid vacations after mismanagement led to companywide failure resulting in the government spending billions of hard earn tax payers money to bail them out? Please do not forget that those are the same millionaire executives who receive tax cuts/breaks.

Japan and results of the largest earthquake in the country's recorded history


The earthquake and resulting tsunami has devastated Japan and is the largest in the country’s recorded history. There are billions of dollars worth of damage caused and will take years to recover but there is even more danger looming in the horizon. There are tens of thousands of people homeless without food and water and the situation in Japan is quickly becoming worse. The resulting destruction may also be the catalyst for an even greater catastrophe, if the country’s nuclear plants are unable to cool their reactors. According to the World Nuclear Association, Japan’s 54 reactors provide approximately 30% of the country's electricity. Nuclear scientist all over the world are coming together to try to solve this problem as well as different governments.  There has been one explosion so far and people have been reassured that the amount of radioactive particles released in the air is small. The plants were built to keep any radioactive material trapped within even if the reactors melted (let’s hope that it works) but the explosion happened at the oldest nuclear plant. We all know the dangers involved if the reactors are not cooled and the country will not be the only ones to suffer if the unthinkable happens.
According to NPR (after listening to Car Talk-love it), the country’s debt is approximately twice the size of its GDP but unlike countries like the US for example, Japan’s debt is held by Japanese. The country is also one of the richest in Asia with savings rate much higher than that of the US and a culture steeped in honor, sacrifice and seeing things to the end. This means that although their recovery will be difficult, the people are resilient and the country has a fighting chance.
Give strength to the survivors and may the souls of the dead rest in peace.

Do you think the benefits of Nuclear power is worth the risk?