The “laws of nature” are absolute. When we discover a contradiction to a supposed law of nature, it is not nature that is wrong, but our understanding and definition. Once, it was believed that the Earth was the center of the solar system, supported in our understanding of the science at the time – and…
The concept of Overall Equipment Effectiveness was first written about in 1989 from a book called TPM Development Program – Implementing Total Productive Maintenance, edited by Seiichi Nakajima from the Japan Institute of Plant Maintenance. This was translated from the Japanese book TPM tenkai published in 1982. Prior to Overall Equipment Effectiveness, people monitored equipment…
A nincompoop is someone who is grossly inept. They can be categorized as five-figures, six-figures … up to ten-figures or more depending upon how much they cost the organization in a year, or over their career. Ironically, Nincompoops have an uncanny way of surviving by flying below the radar, shifting blame or somehow gaining tenure. …
Bloomberg reports on how the backlash over surging drug prices is starting to take hold. With the average cost of branded cancer drugs doubling over the past decade to about $10,000 per month in the U.S., doctors, insurers and politicians are all moving in different directions to pressure drug-makers on pricing. Cancer doctors, in particular,…
Bloomberg reports on sunny days ahead for Yahoo, for they are soon to receive a generous cash injection in return for their nine-year investment in Alibaba Group Holding Ltd. Yahoo selling 208 million worth of shares means generating excess of $10 billion, which in turn means makes for more than doubling their cash stockpile. The question on everyone’s…
Bloomberg reports on how European Central Bank’s case for action to curb the euro’s gains is getting stronger. This, in effect after the 18-nation currency jumped to within a half-cent of $1.40. ECB President Mario Draghi is of course highly opposed to this activity, and has stepped up his war of words against the euro’s gains in…
