Month December 2015

‘A Song for New Year’s Eve’ a poem by William Cullen Bryant

Eileen Kohan Leave a comment

As revelers welcome the New Year in New York’s Times Square, a few blocks away, skaters will circle a temporary ice rink in Bryant Park, named for the editor and poet William Cullen Bryant. The Friday Poem this week is ‘A Song for New Year’s Eve’ written in New York and first published in Harpers Magazine in January 1859.

“In 1884, Reservoir Square was renamed Bryant Park, to honor recently deceased Romantic poet, longtime editor of the New York Evening Post, and civic reformer, William Cullen Bryant (1794-1878). Around this time, the city approved designs for the New York Public Library, submitted by architects John Merven Carrére and Thomas Hastings. The Beaux-Arts building was completed in 1911, with a raised terrace at the rear of the library and two comfort stations at the east end of Bryant Park.”

Bryant began his career studying and practicing law. He wrote poetry from an early age and continued this passion in parallel with his legal career. Later, as editor-in-chief of the New York Evening Post, he exerted considerable influence in local, state, and national politics.

“When Bryant appraised his prospects after leaving Williams College in 1811, his passion for writing poetry appeared to be utterly without promise of a remunerative career. Except for Benjamin Franklin, no American writer had managed to support himself and his family with his pen, however meanly, and verse was patently an occupation for idlers. But in 1836, when the Harper brothers took Bryant into their publishing house, he was a most valuable asset. Numerous reprintings of his books spread his popularity still further, and the firm’s generous royalty made him the richest poet in American history.”

“No line of his poetry survives in the consciousness of his nation, and none of his editorial pronouncements still resonates from his five decades with the New-York Evening Post, yet William Cullen Bryant stood among the most celebrated figures in the frieze of nineteenth-century America. The fame he won as a poet while in his youth remained with him as he entered his eighties; only Longfellow and Emerson were his rivals in popularity over the course of his life.

On this final day of 2015 let’s revisit a once revered national figure and his poem for New Year’s Eve.

A Song for New Year’s Eve

Stay yet, my friends, a moment stay—

Stay till the good old year,

So long companion of our way,

Shakes hands, and leaves us here.

Oh stay, oh stay,

One little hour, and then away.

 

The year, whose hopes were high and strong,

Has now no hopes to wake;

Yet one hour more of jest and song

For his familiar sake.

Oh stay, oh stay,

One mirthful hour, and then away.

 

The kindly year, his liberal hands

 Have lavished all his store.

And shall we turn from where he stands,

 Because he gives no more?

Oh stay, oh stay,

One grateful hour, and then away.

 

Days brightly came and calmly went,

While yet he was our guest;

How cheerfully the week was spent!

How sweet the seventh day’s rest!

Oh stay, oh stay,

One golden hour, and then away.

 

Dear friends were with us, some who sleep

Beneath the coffin-lid:

What pleasant memories we keep

Of all they said and did!

Oh stay, oh stay,

One tender hour, and then away.

 

Even while we sing, he smiles his last,

And leaves our sphere behind.

The good old year is with the past;

Oh be the new as kind!

Oh stay, oh stay,

One parting strain, and then away.

William Cullen Bryant   1794-1878

 

 

 

The year @work – equal pay, organization culture, Mark Zuckerberg’s books, the widening class divide, space exploration & Hamilton

Eileen Kohan Leave a comment

Topics of work and the workplace often captured the headlines in 2015. And some of those headlines seemed to echo the 1970’s. As the economy improved, the wage gap between rich and poor increased. And we are still talking about equal pay for equal work.

One flashback was posted on the NPR website on January 2 in tribute to former New York governor, Mario Cuomo, who died on New Year’s Day. The post included the text and video of his speech to the Democratic National Convention in 1984, two years after the Equal Rights Amendment  failed to gain support from the 38 states required to pass.

“We speak for women who are indignant that this nation refuses to etch into its governmental commandments the simple rule “thou shalt not sin against equality,” a rule so simple —

I was going to say, and I perhaps dare not but I will. It’s a commandment so simple it can be spelled in three letters: E.R.A.”

Even though this year’s slate of Presidential candidates includes two women, the legacy of Cuomo’s passion is largely ignored.

Two stories in the past year served to visibly illustrate the continuing inequity.

In Hollywood, major studio, Sony was hacked, revealing, among other things, the disparity between the compensation of lead actress Jennifer Lawrence and her male co-stars. Madeline Berg covered the story for Forbes

“More frequent are anecdotes of discrimination like those recently related by Selma Hayek, Gwyneth Paltrow and even Streep.

All of these women have echoed the sentiment of Patricia Arquette, who brought the issue to the world’s attention at last year’s Oscars when she said in her acceptance speech for Best Supporting Actress, “It’s our time to have wage equality for once and for all.”

But it is not only the number on the paycheck that is the problem: Women are also greatly underrepresented on the big screen, leading to fewer opportunities to make money, an issue that Reese Witherspoon brought up at the American Cinematheque Awards in October: “Women make up 50% of the population, and we should be playing 50% of the roles on the screen.”

That is a dream that is far from a reality. According to a report by the Annenberg School at USC’s Media, Diversity & Social Change Initiative released in August, only 28.1% of characters in 2014’s top 100 films were female and of that percent, only 21 had a female lead or co-lead.”

The misrepresentation is even worse behind the camera: Of the same films, women made up only 1.9% of directors, 11.2% of writers and 18.9% of producers. This only aggravates the problem. The report found that in productions where women held key positions off-screen—as directors, writers and producers—the films featured women more often, and in less sexualized roles.”

We may find it hard to garner sympathy for those who earn millions @work for acting or competing in sport. But those are the visible workers who set the bar for the rest of us on the lower rungs of the career ladder.

The year in sport was dominated by the FIFA scandal, but women who work in sport created the memorable moments of the year. Christopher Clarey, summarizing the year in sport for women noted ‘Women Surge On Playing Field but Fall Behind in Boardroom’.

“As visible as female athletes were in 2015, women lost prominence and power in another key domain in the sports world: the boardroom.

Stacey Allaster, chief executive of the WTA Tour, stepped down citing burnout and the desire to spend more time with her young children. Debbie Jevans, a Briton who was perhaps Europe’s leading women’s sports executive, also cited personal reasons for resigning as chief executive of England Rugby 2015 less than six months before the start of the Rugby World Cup that she had been instrumental in organizing.

Another industry leader, Mary Wittenberg, who oversaw the New York City marathon as chief executive of New York Road Runners, resigned to lead a start-up lifestyle company, Virgin Sport.

Allaster, Jevans and Wittenberg were all replaced by men, and by year’s end there was no woman leading a major professional sport, not even one for women. Steve Simon is in charge of the WTA, Michael Whan is in charge of the L.P.G.A., Jeff Plush runs the National Women’s Soccer League in the United States and Mark Tatum oversees the W.N.B.A., the most prominent women’s professional basketball league, on an interim basis after Laurel J. Richie stepped down after five seasons in 2015.

Considering the scandals and governance crises that enveloped leading male-dominated federations like FIFA and the I.A.A.F. in 2015, more women in power looked very much like part of the solution. The men could clearly benefit from new perspectives.

“For me, the most important thing about diversity in a workplace is definitely making everyone feel included,” Wittenberg said. “But the diversity that comes from diversity of thinking is also invaluable, and if you don’t have diversity around your executive table or any table, I think you really run a risk today. Organizations, and especially political organizations that lack diversity in any number of ways, including gender — you’re not coming close to representing a world view. Leadership today should be challenged at every turn.”

The topic of work/life balance continues to dominate the water cooler conversations from Silicon Valley to Wall Street. And the conversation is at the heart of defining organizational culture.

In mid-August The New York Times published a story, ‘Inside Amazon: Wrestling Big Ideas in a Bruising Workplace’ with the following sub-heading: “The company is conducting an experiment in how far it can push
white-collar workers to get them to achieve its ever-expanding ambitions.” 

Definitely not a ‘puff piece’, but an important piece of journalism that ignited a dialog not only between the Amazon PR machine and the editors of The NY Times, but among workers in a variety of work settings about organizational values and personal tradeoffs. How an individual’s values mesh with those of their employer will determine ultimate success or failure. Who will you become? is a far more important question to ask than   What is the salary offer?

This was also the year that Mark Zuckerberg encouraged others to follow his example, and read a recommended book every two weeks. The final recommendation in  ‘A Year of Books’ was announced today, number 23, ‘The Beginning of Infinity’ by David Deutsch.

Richard Feloni compiled a list of the first 20 recommendations.

“Facebook CEO Mark Zuckerberg has made a tradition of dramatic New Year’s resolutions, and this year he decided that he’d read a book every two weeks.

He wanted his selections to focus on “different cultures, beliefs, histories, and technologies.”

“Books allow you to fully explore a topic and immerse yourself in a deeper way than most media today,” Zuckerberg wrote on his personal Facebook page. “I’m looking forward to shifting more of my media diet towards reading books.”

Hopefully, we have all met our resolutions from January and shifted our media diet to include some ‘long reads’ outside our comfort zone.

As the economy continued to improve, the gap between rich and poor widened. Claire Cain Miller examined the impact of differences in child rearing on growing class divisions.

“Children were not always raised so differently. The achievement gap between children from high- and low-income families is 30 percent to 40 percent larger among children born in 2001 than those born 25 years earlier, according to Mr. Reardon’s research.

People used to live near people of different income levels; neighborhoods are now more segregated by income. More than a quarter of children live in single-parent households — a historic high, according to Pew – and these children are three times as likely to live in poverty as those who live with married parents. Meanwhile, growing income inequality has coincided with the increasing importance of a college degree for earning a middle-class wage.”

And for awhile, a movie about space, not that one, the other one – ‘The Martian’, seemed to re-energize NASA’s plan to restart manned space exploration beyond the International Space Station.

Doug Bolton of The Independent reported on last week’s suspension of a proposed mission to the red planet.

“NASA has decided to suspend a mission to Mars scheduled for March 2016, due to the lander springing a leak.

The InSight Mission, which would have seen a rover analysing seismic activity and the interior structure of the red planet, was called off by Nasa bosses after technical staff failed to repair a leak in one of the rover’s prime instruments.

John Grunsfeld, the associate administrator for Nasa’s Science Mission Directorate in Washington, said: “We push the boundaries of space technology with our missions to enable science, but space exploration is unforgiving, and the bottom line is that we’re not ready to launch in the 2016 window.”

Which leaves our space efforts to two remarkable American entrepreneurs, Elon Musk and Jeff Bezos. In May, Jessica Orwig expressed optimism in the future of private space exploration.

“This year is shaping up to be an extremely exciting time for the future of commercial spaceflight, which will be built upon the backbone of revolutionary 21st-century rockets. The private American space companies Blue Origin and SpaceX are paving the way.

Blue Origin, which was founded by Amazon CEO Jeff Bezos in 2000, successfully launched its “New Shepard” space vehicle for the first time on April 29. The vehicle was named after Alan Shepard, who became the second human and first American to enter space 44 years ago. It is designed to eventually boost six people to space, where they can experience weightlessness for 10 minutes before returning to Earth. The ride is for entertainment and therefore not exclusively for astronauts, but these kinds of temporary spaceflights could become a new way for astronauts to train for coming space missions.

Two weeks earlier, on April 14, Elon Musk’s SpaceX, founded in 2002, attempted to land one of its Falcon 9 rockets on a floating platform in the Atlantic Ocean. SpaceX’s Falcon 9 rockets are designed to boost spacecraft to greater heights than Blue Origin’s and are therefore involved in other missions outside of commercial spaceflight, including supplying the International Space Station, launching satellites into orbit, and aspirations to reach Mars.”

On December 22, NBC News reported “SpaceX completed an historic vertical landing of its Falcon 9 rocket on Monday night — the first time such a feat had been achieved.

The launch and landing in Cape Canaveral, Florida, were the first from the private U.S. spaceflight company since its rocket exploded on liftoff in June.

SpaceX has come close to landing a rocket but until now, never actually pulled the feat off. Blue Origin, founded by Amazon CEO Jeff Bezos, stuck a landing last month — but Musk pointed out that was a suborbital trip, the requirements for which are considerably different.”

And then there was ‘Hamilton’ the musical. Just as the founding father was about to be replaced on the U.S. ten dollar bill, his story took center stage this summer on Broadway. In a 2015 recap article, ‘Surprises from 2015 and Reasons for Hope’, Gina Bellafante examined the ‘Hamilton effect’ on five year olds.

“As if it weren’t surprise enough that a hip-hop musical about the life of the country’s first Treasury secretary would become a Broadway sensation, finding impassioned fans in both President Obama and Dick Cheney, “Hamilton” has found an unlikely cohort of obsessives among 5-year-olds in New York, thanks to the cast album and scenes available on YouTube. At least one kindergartner in Brooklyn is regularly going to school with white socks pulled up over his pants. Some children are demanding quill pens, and many are singing the songs at home over and over and over.

“This is the new ‘Frozen,’” one already fatigued mother observed. Expect heated arguments about the limitations of Federalism among first graders next year.”

 

‘The World I Live In’ a poem by Mary Oliver

Eileen Kohan Leave a comment

The Friday Poem this week is from Pulitzer Prize winning poet Mary Oliver‘s new collection, ‘Felicity’ published this fall. Merry Christmas!

The World I Live In

I have refused to live

locked in the orderly house of

reasons and proofs.

The world I live in and believe in

Is wider than that. And anyway,

what’s wrong with Maybe?

 

You wouldn’t believe what once or

twice I have seen. I’ll just

tell you this:

only if there are angels in your head will you

ever, possibly, see one.

Mary Oliver  ‘Felicity’  Penguin Press, 2015

Holiday Homework: Write your story

Eileen Kohan Leave a comment

It’s the holiday season and you have one assignment to complete before the New Year begins – write your story.

During the Thanksgiving holiday I encouraged readers to participate in the Story Corps ‘Great Thanksgiving Listen’, conducting interviews  with relatives to capture the oral history narrative of America.

This week’s challenge is about you; to think about your life as it has evolved to this point, highs and lows, and write a short story, your story.

Before you craft your resume, schedule a meeting with a networking contact or head to an interview, you need a story; the narrative of how you arrived at this point in your life and career.

The end goal is to collect as much information about your past before you open your laptop and begin to browse resume formats. Most folks make the mistake of finding a template and relating their story via someone else’s outline. That doesn’t mean that there aren’t acceptable resume formats. It does mean that it’s premature to begin with the resume before you have considered the narrative you wish to convey.

Storytelling has become the latest marketing approach adopted by entrepreneurs to Fortune 500 CEOs. Google ‘storytelling’ and the initial search results will reflect current business practice vs. writers working on the great American novel or the hottest new screenplay.

Here’s the thing. If the folks you hope to work with are employing storytelling to advance their business goals, it may be time for you to practice your skill.

Buried in the list of google results is a link to an Atlantic.com video, ‘George Saunders Explains How To Tell A Good Story’. It’s one of the most viewed videos of the year, which may provide another hint to why you should take seven minutes out of your life this week and watch.

Let’s pause a minute to address all of you who have gotten to this point and are stressed because all you wanted was a few words on how to write a resume in ten seconds.

Nothing of quality results from ten seconds of effort. And this is your life, eight to ten hours of every five days of seven.

Back to George Saunders.

“A story is kind of a black box, you’re going to put the reader in there, she’s going to spend some time with this thing that you have made and when she comes out, what’s going to have happened to her in there is something kind of astonishing. It feels like the curtain’s been pulled back and she’s gotten a glimpse into a deeper truth…

As a story writer, that’s not as easy as it sounds..”

It’s not easy to tell your story. There’s a lot of stuff that in the end may have no relevance to your job search. But it’s important to conduct an annual rewrite to update and adapt your original script.

Let’s borrow a term from the screenwriters and suggest you are developing a draft ‘treatment’ before you write a resume, network and interview.

Micki Grover defines and describes how this summary of a story fits into the screenwriting process.

“All we’re talking about is a short document written in prose form and in the present tense that emphasizes, with vivid description, the major elements of a screenplay. Yes, treatments are actually written in prose! The essence of the story and the characters should be evoked through exhilarating language and imagery.

Treatments have a style of their own just as screenplays do, and they too take time to master. Writers who swear by using treatments find that it’s a fun outlet to write with a voice that screenplays and synopses sometimes constrain. The ultimate goal is simply to tell your story in an engaging way, as if you were passionately telling your best friend about a new script over coffee.”

That’s your holiday assignment. Develop a ‘treatment’ that tells your story in an engaging way, connecting the dots and inviting an audience who may be interested in promoting your talent.

 

 

 

The week@work – The Fed raises rates, Martin Shkreli is arrested, ‘The Big Short’ premieres and so does a small film about a galaxy far, far away

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It’s that time of year when the world of finance takes center stage, only to be bested by the creativity of those who work in Hollywood. This week@work the Federal Reserve raised its benchmark rate, pharmaceutical executive, Martin Shkreli was arrested on securities fraud and the 2008 financial crisis originally chronicled by Michael Lewis, made its way onto the big screen in ‘The Big Short’. And that small movie from Disney? ‘Star Wars: The Force Awakens’ set new records with a $238 million weekend opening.

On Wednesday, the Wall Street Journal reported on the decision by the Federal Reserve to raise interest rates for the first time in seven years.

“The Fed’s decision today reflects our confidence in the U.S. economy,” Fed Chairwoman Janet Yellen said Wednesday in a press conference after a two-day policy meeting. “We believe we have seen substantial improvement in labor market conditions and while things may be uneven across regions of the country, and different industrial sectors, we see an economy that is on a path of sustainable improvement.

New projections show officials expect the fed-funds rate to creep up to 1.375% by the end of 2016, according to the median projection of 17 officials, to 2.375% by the end of 2017 and 3.25% in three years. That implies four quarter-percentage-point interest rate increases next year, four the next and three or four the following. It depends on whether the Fed’s forecasts for the economy—which have frequently been wrong in this expansion—hold up.”

The Fed rate increase was one of the ‘Four Charts That Defined the World in 2015’.

2014_Charts_Federal-690

Vauhini Vara writing in The New Yorker listed the other three:

“For the first time, fewer than ten per cent of people in the world were living in extreme poverty.

Facebook took over the world.

Greece’s economy started growing again—and then shrank.”

On Thursday, Bloomberg Business noted the arrest of Martin Shkreli, the infamous pharmaceutical head, and everyone’s leading candidate for this year’s Scrooge. You may remember Shkreli from his multiple media appearances after raising the price of the drug Daraprim from $13.50 a pill to $750. Apparently he not only violated the golden rule, but also an unspoken pact among those in financial services, not to draw attention to themselves or their activities.

“While the 32-year-old has earned a rare level of infamy for his brazenness in business and his personal life, what he was charged with had nothing to do with skyrocketing drug prices. He is accused of repeatedly losing money for investors and lying to them about it, illegally taking assets from one of his companies to pay off debtors in another.

“Shkreli essentially ran his company like a Ponzi scheme where he used each subsequent company to pay off defrauded investors from the prior company,” Brooklyn U.S. Attorney Robert Capers said at a press conference.”

He was released on bail on Friday and did what we would all do after being publicly shamed, began live streaming, chatting with ‘supporters’.

“Which brings me to a new movie the enemies of financial regulation really, really don’t want you to see.” writes nobel prize winner, Paul Krugman in The New York Times.

“But you don’t want me to play film critic; you want to know whether the movie (The Big Short) got the underlying economic, financial and political story right. And the answer is yes, in all the ways that matter.

I could quibble over a few points: The group of people who recognized that we were experiencing the mother of all housing bubbles, and that this posed big dangers to the real economy, was bigger than the film might lead you to believe. It even included a few (cough) mainstream economists. But it is true that many influential, seemingly authoritative players, from Alan Greenspan on down, insisted not only that there was no bubble but that no bubble was even possible.

And the bubble whose existence they denied really was inflated largely via opaque financial schemes that in many cases amounted to outright fraud — and it is an outrage that basically nobody ended up being punished for those sins aside from innocent bystanders, namely the millions of workers who lost their jobs and the millions of families that lost their homes.”

Need a holiday escape from everyday villains and economic reality? The folks at the ‘house the mouse built’ offer a 135 minute visit to an alternate universe.

“Chewie, we’re home” teases the plot in the trailer for the new Star Wars movie. This week the cast of the seventh installment of the intergalactic saga walked the red carpet, four blocks long, at the Hollywood premiere.

Variety covered the opening weekend box office results.

“Director J.J. Abrams’ nostalgic take on the series of space operas George Lucas created four decades ago was a hit with critics and fans, earning strong reviews and an A CinemaScore. Its opening soared past the previous high-water mark of $208.8 million established last summer by “Jurassic World.” It more than doubles “The Hobbit: An Unexpected Journey’s” December record debut of $84.6 million.

Globally, “Star Wars: The Force Awakens” scored the second-biggest opening in history, earning $517 million worldwide, behind only “Jurassic World’s” $525 million bow. Unlike “Jurassic World,” the seventh film in the “Star Wars” franchise did not have the benefit of showing in China on its inaugural weekend. It opens there on Jan. 9.”

 

 

 

 

 

 

The Holiday Read – ‘Alexander Hamilton’ by Ron Chernow

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Have you just entered the chaos of holiday travel at your local airport, and realized you forgot to bring something along to read? Quick, before you lose the wi-fi, download this week’s Saturday/Holiday read, ‘Alexander Hamilton’ by Ron Chernow.

This was the year American history left boring behind with the staging of the Broadway musical Hamilton. Based on Chernow’s 2004 best seller, Lin-Manuel Miranda transformed a casual airport bookstore purchase into a hip hop score, reflecting contemporary themes of immigration, revolution and finance. This holiday break is the perfect time to dive into the 700+ page biography.

David Brooks‘ review summarized why Hamilton had come to be erased from the national memory, to the point we are about to eliminate his last vestige on the ten dollar bill.

“He is the most neglected, first because he was a relentless climber (and nobody has unalloyed views about ambition), second because he was a great champion of commerce (and nobody has uncomplicated views about that either) and third because his most bitter rivals, Thomas Jefferson and John Adams, outlived him by decades and did everything they could to bury his reputation. So there is no Hamilton monument in Washington, but at least we now have Ron Chernow’s moving and masterly ”Alexander Hamilton,” which is by far the best biography ever written about the man.”

With the presidential primary season looming, ‘Alexander Hamilton’ is a reminder that current political tactics don’t fall far from the founders’ tree.

“In the polarized atmosphere of American politics, Burr knew that a northern renegade aligned with southern Republicans could provide a critical swing. This was Alexander Hamilton’s recurring nightmare: an electoral deal struck between Virginia and New York Republicans.

In the New York City elections that spring (1800), Hamilton and Burr descended from the lofty heights to spar in the grit and bustle of lower Manhattan ward politics…

That April, New Yorkers out for a stroll could have stumbled upon either Alexander Hamilton or Aaron Burr addressing crowds on street corners, sometimes alternating on the same platform.”

Hamilton lost, the Republican slate swept New York City, the Federalists were out and the road was paved for a Jefferson presidency.

Which brings us to a reader, like you, going on holiday, picking up a book in an airport bookstore, and the rest is, well, history.

“He told me as he was reading the book, hip-hop lyrics started rising off the page. I was completely astonished by his response.”

Miranda assured him that he was serious.

“He made a complete believer out of me,” Chernow said. “The story of Alexander Hamilton lends itself to hip-hop treatment. Hamilton’s personality is driven and unrelenting, and the music has that same quality. The music and the man mirror each other.”

Miranda purchased theatrical rights to the book and signed on Chernow as historical consultant.

“A lot of people might have started off with the unspoken assumption that history is boring — Lin-Manuel Miranda felt exactly the opposite,” Chernow said. “He felt the most dramatic way to tell the story was to stick to the facts. He felt the story was so sensational you couldn’t improve on it.”

Spend some time this holiday with the ‘sensational’ Alexander Hamilton.

 

‘Cruising with the Beach Boys’ a poem by Dana Gioia

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Have you ever taken a ‘daydream detour’ on a business trip, driving from the airport to a client along a winding beach side road? Maybe your playlist takes a momentary shuffle to a memory inducing moment. If yes, the ‘Friday Poem’ this week is for you, from Dana Gioia, California’s new Poet Laureate.

Gioia earned both his BA and MBA from Stanford University and an MFA from Harvard University. He was a marketing executive for General Foods for 15 years before his transition to full time writer. In 2003 he was named head of the National Endowment for the Arts, a position he held until 2009.

His poetry reflects his roots in a working class suburb of Los Angeles, and often references the time before, when his place @work was in corporate America. He continues to be a new millennium model for successful career transition.

This week’s Friday Poem is his ‘Cruising with the Beach Boys’; a California poem, by a California guy, from his shared hometown with the Beach Boys, before a freeway ran through it, Hawthorne, California.

Cruising with the Beach Boys

So strange to hear that song again tonight
Travelling on business in a rented car
Miles from anywhere I’ve been before.
And now a tune I haven’t heard for years
Probably not since it last left the charts
Back in L.A. in 1969.
I can’t believe I know the words by heart
And can’t think of a girl to blame them on.

Every lovesick summer has its song,
And this one I pretended to despise,
But if I was alone when it came on,
I turned it up full-blast to sing along –
A primal scream in croaky baritone,
The notes all flat, the lyrics mostly slurred.
No wonder I spent so much time alone
Making the rounds in Dad’s old Thunderbird.

Some nights I drove down to the beach to park
And walk along the railings of the pier.
The water down below was cold and dark,
The waves monotonous against the shore.
The darkness and the mist, the midnight sea,
The flickering lights reflected from the city –
A perfect setting for a boy like me,
The Cecil B. DeMille of my self-pity.

I thought by now I’d left those nights behind,
Lost like the girls that I could never get,
Gone with the years, junked with the old T-Bird.
But one old song, a stretch of empty road,
Can open up a door and let them fall
Tumbling like boxes from a dusty shelf,
Tightening my throat for no reason at all
Bringing on tears shed only for myself.

Dana Gioia   ‘Daily Horoscope’ 1986

This one is for the Class of 2009

Eileen Kohan Leave a comment

This past weekend Paramount Pictures released ‘The Big Short’ based on the 2010 Michael Lewis book of the same title about the build up of the housing and credit bubble in the first years of the new millennium.

There were many casualties of the worst financial crisis since the great depression.  I thought it might be worthwhile, as moviegoers line up for tickets, to revisit that time and the impact on those who graduated from college in 2009.

It took a few months for the ripples of economic crisis to reach college campuses. But in the fall of 2008 corporate recruiters began to cancel on-campus interviews and career fairs shrunk to a quarter of their previous year’s participation.

Students who had entered college in the fall of 2005 faced optimistic prospects as the economy was booming and entry level jobs were plentiful. But the global economy began to turn in the spring of junior year, with many heading off to summer internships in anticipation of transitioning to full time work at graduation.

By final exams in 2008, things were looking bleak. Here is an excerpt of a blog I wrote on December 11th.

“When the semester began in August, not even the experts could have predicted the level of change we would experience this fall. While each academic year provides opportunities to embrace challenge and celebrate success, these past four months have created historical moments with the potential to redefine our place in the world.

As you are writing your final papers and studying for exams, let’s take a minute to review what we have learned.

First, we are in an age of globalization. If you have been hiding under the covers for the past ten years, the economic downturn brought the reality of the global banking community to the forefront. In a few short months we have learned more than we may have wanted to know about real estate, mortgages, investment banking, insurance and the auto industry. And we now have a better sense of how our domestic economy depends on the health of these industries. For many of us, the impact of the downturn in the economy has hit close to home with friends and family out of work.

Change can be difficult. If you are a freshman this year, your transition from high school to college is a fresh memory. There was the excitement of a new place mixed with missing friends and family. With every new opportunity to change there is a sentimental longing for the past. For seniors, there is the anticipation of the next step: graduate school, professional school, a new job or and entrepreneurial start up. It is a time of hope mixed with uncertainty.

You are a part of a historic moment in time. Become an active participant. If opportunities in a career field are limited, look toward the new careers emerging as a result of change. All you have learned this semester in your classes, organizations and internships have provided you with a solid foundation to adjust and adapt. This is your strength.”

If the rumors are true, the Federal Reserve will raise interest rates this week, bringing an end to the economic downturn that began in the spring of 2008.

I think it’s important not to forget the lessons learned in 2008 and 2009. Check your social network and schedule a sit down with a 2009 graduate. Get a first person account of how to recalibrate a career path to eventually arrive at success.

 

The week@work – End of the fossil fuel era, founders, introverts, college athletes and the one business book to read

Eileen Kohan Leave a comment

The generational disruption continues. This week@work world leaders committed to cut greenhouse gases, ensuring the environment for future generations. MTV labeled the next of these generations ‘the founders’. Silicon Valley is quickly becoming the vortex for college consulting, making sure these ‘founders’ gain admission to the best universities. And a group of Clemson alumni have come up with a creative alternative to legally compensate college athletes via crowdfunding.

For introverts, there were hints for employers to maximize success. And if you only read one business book this year, the experts recommend ‘Rise of the Robots’ by Martin Ford.

The global story this week was reported from Paris by The Guardian.

“After 20 years of fraught meetings, including the past two weeks spent in an exhibition hall on the outskirts of Paris, negotiators from nearly 200 countries signed on to a legal agreement on Saturday evening that set ambitious goals to limit temperature rises and to hold governments to account for reaching those targets.

Government and business leaders said the agreement, which set a new goal to reach net zero emissions in the second half of the century, sent a powerful signal to global markets, hastening the transition away from fossil fuels and to a clean energy economy.”

In national news, The Atlantic’s David Sims summarized the MTV survey that resulted in a name for the children of the new millennium.

“The name “The Founders” comes from the kids themselves, according to MTV’s survey of more than 1,000 respondents born after the year 2000. America is still reckoning with Millennials (loosely classified as those born from the mid-1980s to the late-’90s) one thinkpiece at a time, but according to this survey, their fate is already sealed. As the children of indulgent baby boomers, Millennials are classified as “dreamers” who live to disrupt and challenge established norms. The Founders, by contrast, are “pragmatists” who will navigate a tougher world defined by 9/11, the financial crisis, and gender fluidity. Previous generations had to worry about getting into college and finding a job, but the next one is tasked with cleaning up their mess.”

Nathan Heller, writing in The New Yorker imagined how today’s fourteen year olds will impact the economy.

“When the teen-agers call themselves founders, they are not thinking of Roger Sherman or, for that matter, of Henry Ford. They are allying themselves with West Coast startup culture—a milieu that regards inventive business-building as the ultimate creative and constructive act…In embracing “founders,” it affirms the idea that creativity is essential—and performed through business enterprise.

“If the founders hold to their founding, it is not hard to extrapolate the economic model that their interests will support. A founder-friendly society is deregulated, privatized, and philanthropic in its best intent. (See ur-founder Mark Zuckerberg’s recent tax-incentivized pledge.) “Founders,” whose popularity as a Silicon Valley concept followed the 2009 recession, has become a stand-in for more charged, and less heroic-sounding words, such as “small-business owner,” “C.E.O.,” and “boss.” To found is not to manage; it’s to dream and to design. This is the new model for innovative business, scrupulously cleansed of the dank trappings of corporate industry. It’s business all the same, though, and it aims for growth.”

If you are working in the underpaid and undervalued world of college admissions, you have a future in the lucrative business of college consulting. Georgia Perry reported on the growing industry, fueled by parental anxiety, that helps high school students find summer internships, prepare applications and refine essays.

“Private college-admissions consulting is a rapidly growing industry across the U.S. According to the Independent Educational Consultants Association, the number of independent admissions consultants in the U.S. has grown from 2,000 to nearly 5,000 in recent years. In a nationwide study, the marketing firm Lipman Hearne found that of students who scored in the 70th percentile or higher on the SAT, 26 percent had hired a professional consultant to help with their college search. The San Francisco Bay Area has a higher concentration per capita of independent college-admissions consultants than “most cities,” says IECA communications manager Sarah Brachman, though the association doesn’t have specific numbers. The IECA’s most recent report found that nationally, $400 million was spent on college consultants in 2012. Hourly rates in the Bay Area can be as high as $400 an hour, and comprehensive packages with regular meetings throughout high school can add up to several thousand dollars.”

How student-athletes are compensated continues to be a topic in legal proceedings, but this week a group of Clemson folks have come up with an innovative approach that just might work and meet NCAA requirements. Ben Strauss provided the details in his article ‘If Colleges Can’t Pay Athletes, Maybe Fans Can, Group Says’.

“The answer to the riddle of putting money in the hands of amateur student-athletes, who according to the N.C.A.A. cannot be paid, is crowdfunding, said Rob Morgan, a Clemson business school graduate and an anesthesiologist based in Greenville, S.C. His new website, UBooster, started on Friday with the goal of soliciting payments for high school recruits from fans, and delivering the money to the athletes after their college careers end.

“We think this is the direction college sports is headed,” said Morgan, who has been helped in his venture by a former Clemson football player and the interim dean of the university’s business school. “At some point, there is going to be an opportunity for players to make money, and here’s how we can be a part of it.”

“The business model is simple. Fans pledge money to individual recruits, and can leave public notes on the site urging them to attend their favorite college. Morgan said all high school recruits — men and women in every sport from Division I to Division III — would be eligible, though it would seem obvious that most of the interest and money would be directed at top-flight football and basketball prospects. The accounts lock, and no more money can be pledged to players once they formally commit to a college. UBooster will then hold the money in a trust before turning it over to the athletes after their college careers.”

Quiet Revolution founder Susan Cain is an advocate for the introvert in all facets of life. And it’s her website’s section on work that provides insight into fostering career success. This week, Liz Fosslien and Mollie West offered an ‘Illustrated Guide to Introverts in a Start-Up’.

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“Famous introvert entrepreneurs include Thomas Edison, Bill Gates, Warren Buffett, Marissa Mayer, and Mark Zuckerberg.

When we imagine our ideal workplace, it looks more like a library full of quiet rooms and isolated carrels than the ball-pit and bullpen situation start-ups are currently obsessed with. As introverts, we may be outnumbered by extroverts at start-ups. According to Laney, “The introvert is pressured daily, almost from the moment of awakening, to respond and conform to the outer world.” This need to conform can be tiring. But we promise, with just a few tweaks in the workplace, you could make us very happy.”

Finally, if there is only one business book you will read this year… and the clock is ticking…the experts recommend ‘Rise of the Robots’ by Martin Ford. Jessica Stillman reported:

“According to the Financial Times and consultancy McKinsey, there’s at least one title even the busiest business owners shouldn’t miss. They recently crowned Rise of the Robots by entrepreneur Martin Ford the very best business book of the year.

Hugely topical, the book discusses the much debated idea that advances in automation will soon radically affect the labor market. “The book reflects growing anxiety in some quarters about the possible negative impact of automation on jobs, from manufacturing to professional services,” explains the FT write-up of the award. This economic reshuffle may require “a fundamental restructuring of our economic rules,” according to Ford, who proposes a guaranteed minimum basic income as one possible remedy.”

Enjoy your week@work… the founders and robots are coming…

 

 

 

The Saturday Read – a selection of the best articles of 2015 from Jon Ronson, Oliver Sacks, Kathryn Schulz and Nikil Saval

Eileen Kohan 1 Comment

This week the recommendations for ‘The Saturday Read’ come from journalists who wrote some of the most popular long form articles of the year. Instead of a book, which might seem daunting in the midst of holiday shopping and celebrating, sample the writings of these four storytellers who tackled a range of topics including internet shaming, death, earthquakes and the origins of the white collar worker.

On Wednesday, ‘The Upshot’ covered ‘The Stories That Held You The Longest in 2015’. “We measured the favorite Times articles of 2015 in a new way — by the total combined time readers have spent looking at them. It’s a mix of ambitious investigative projects, big breaking news, features and service journalism.”

Number two on the list first appeared in the February 12, 2015 New York Times Magazine. Written by Jon Ronson, ‘How One Stupid Tweet Blew Up Justine Sacco’s Life’ tells the story of the world of public ‘internet shaming’ through the experience of its victims.

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“In the early days of Twitter, I was a keen shamer. When newspaper columnists made racist or homophobic statements, I joined the pile-on. Sometimes I led it…

Still, in those early days, the collective fury felt righteous, powerful and effective. It felt as if hierarchies were being dismantled, as if justice were being democratized. As time passed, though, I watched these shame campaigns multiply, to the point that they targeted not just powerful institutions and public figures but really anyone perceived to have done something offensive. I also began to marvel at the disconnect between the severity of the crime and the gleeful savagery of the punishment. It almost felt as if shamings were now happening for their own sake, as if they were following a script.”

Number ten on the list was an Op-Ed piece by neurologist and writer, Oliver Sachs, ‘My Own Life’, on learning he had terminal cancer.

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“Over the last few days, I have been able to see my life as from a great altitude, as a sort of landscape, and with a deepening sense of the connection of all its parts. This does not mean I am finished with life.

On the contrary, I feel intensely alive, and I want and hope in the time that remains to deepen my friendships, to say farewell to those I love, to write more, to travel if I have the strength, to achieve new levels of understanding and insight.

This will involve audacity, clarity and plain speaking; trying to straighten my accounts with the world. But there will be time, too, for some fun (and even some silliness, as well).”

A New Yorker article received a lot of attention when it first appeared in July. ‘The Really Big One’ was researched and written by contributor, Kathryn Schulz.

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“Most people in the United States know just one fault line by name: the San Andreas, which runs nearly the length of California and is perpetually rumored to be on the verge of unleashing “the big one.” That rumor is misleading, no matter what the San Andreas ever does. Every fault line has an upper limit to its potency, determined by its length and width, and by how far it can slip. For the San Andreas, one of the most extensively studied and best understood fault lines in the world, that upper limit is roughly an 8.2—a powerful earthquake, but, because the Richter scale is logarithmic, only six per cent as strong as the 2011 event in Japan.

Just north of the San Andreas, however, lies another fault line. Known as the Cascadia subduction zone, it runs for seven hundred miles off the coast of the Pacific Northwest, beginning near Cape Mendocino, California, continuing along Oregon and Washington, and terminating around Vancouver Island, Canada. The “Cascadia” part of its name comes from the Cascade Range, a chain of volcanic mountains that follow the same course a hundred or so miles inland. The “subduction zone” part refers to a region of the planet where one tectonic plate is sliding underneath (subducting) another. Tectonic plates are those slabs of mantle and crust that, in their epochs-long drift, rearrange the earth’s continents and oceans. Most of the time, their movement is slow, harmless, and all but undetectable. Occasionally, at the borders where they meet, it is not.”

Longreads.com selected their ‘Best of 2015’ which included an excerpt from the book, ‘Cubed: A Secret History of the Workplace’. The fifth most popular article was ‘I Would Prefer Not To: The Origins of the White Collar Worker’, written by Nikil Saval.

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“When does the office begin? It’s a question without an easy answer. One can associate the origins with the beginning of paperwork itself—until recently, the most common mental association with office work (think of the derogatory phrase “paper pusher”). In other words, since the invention of writing and the corresponding ability to keep records in a systematic manner, there have always been places that resemble offices: monasteries, libraries, scholars’ studies. Banking furnished an especially large amount of paperwork; the Uffizi, an incomparable gallery of Renaissance art in Florence, was also one of the first office buildings—the bookkeeping offices of the Medici family’s groundbreaking financial operations. Clerks, too, have existed for ages, many of them unclinching themselves from their desks to become quite famous: from Samuel Pepys, the British government diarist who reported on the gossipy world of seventeenth-century England, to Alexander Hamilton, who had cut his teeth as a merchants’ clerk before he became the first secretary of the Treasury of the United States; Benjamin Franklin, paragon of pecuniary restraint and bourgeois self-abnegation, started out as a dry goods clerk in 1727. Perhaps some of the tediousness of Franklin’s own writing was honed in the conditions of his first job: since clerks have had the opportunity to keep diaries, they have bemoaned the sheer boredom of their tasks—the endless copying, the awkward postures, the meaninglessness of their work. When not doing writing for the job, clerks have cultivated the habit of writing about the job—or literally around it…”