People wear pink shirts, they like pink shirts, but there are really only so many times you can wear a pink shirt in a week. The market for pink shirts is pretty much stable. This is a problem if you sell pink shirts for a living. The solution, run a promotion, 2 for 1, give […]
Tony Hayward
Has been sacked. (With a year’s salary and a pension of £600,000 p.a. BP are welcome to sack me as well). Does sacking Tony help clear up the mess in the Gulf? I imagine he knows more about it than most people and I guess he is a capable person, you don’t get to run […]
One Every Three Seconds
Apple has sold a million iPads in the first 28 days. That is one iPad every 3 seconds. That is a lot of iPads, where are they all coming from? According to the Independent they are being made by Foxconn in Shenzen China: – The factory employs 420,000 workers – They each work 60 hour […]
Evolutionary Pressure
Outsourcing costs jobs right? It is bad for the economy; exporting jobs to low wage countries. Well maybe not. In an interesting economics paper John van Reenen of the LSE puts a different slant on it. His view is that the increased imports from China and India have led to job losses in areas of […]
Loo Break
Here is a super graph. It shows water consumption in Edmonton Canada on the day of the Olympic hockey final and compares it to the rather smoother usage the day before. A little analysis will no doubt show this is the inverse of beer consumption. Demand spikes are a common problem whether you are supplying […]