| How To Be More Interesting and Why Best Buy is Going out of Business...Gradually |
| News - Financial News |
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1.Go exploring.Explore ideas, places, and opinions. The inside of the echo chamber is where all the boring people hang out.2. Share what you discover.And be generous when you do. Not everybody went exploring with you. Let them live vicariously through your adventures.3. Do something. Anything. Dance. Talk. Build. Network. Play. Help. Create. It doesn(TM)t matter what you do, as long as you(TM)re doing it. Sitting around and complaining is not an acceptable form of ‘something,’ in case you were wondering.4. Embrace your innate weirdness.No one is normal. Everyone has quirks and insights unique to themselves. Don(TM)t hide these things"they are what make you interesting.Forbes writers have the ability to call out member comments they find particularly interesting. Called-out comments are highlighted across the Forbes network. You'll be notified if your comment is called out.Same here. [Read the full article] In it, he shared some of his research on what over 50 former high-flying companies – like Enron, Tyco, WorldCom, Rubbermaid, and Schwinn – did to become complete failures. It turns out that the senior executives at the companies all had 7 Habits in common. Finkelstein calls them the Seven Habits of Spectacularly Unsuccessful Executives.These traits can be found in the leaders of current failures like Research In Motion (RIMM), but they should be early-warning signs (cautionary tales) to currently unbeatable firms like Apple (AAPL), Google (GOOG), and Amazon.com (AMZN). Here are the habits, as Finkelstein described in a 2004 article:This first habit may be the most insidious, since it appears to be highly desirable. Shouldn’t a company try to dominate its business environment, shape thefuture of its markets and set the pace within them? Yes,but there’s a catch. [Read the full article] The Federal Reserve is out with its year-end tally of net income Tuesday, and the central bank says it expects to return $76.9 billion to the U.S. Treasury. While that may seem like a windfall for Uncle Sam, a large portion of the figure amounts to taking money out of one pocket and putting it in another: interest payments on U.S. government bonds account for a sizable chunk of the income.The Fed, which is bound to return residual earnings of each of its district banks after certain costs, derived 2011 net income of $78.9 billion, chiefly from $83.6 billion in interest income on securities acquired through open market operations. Those securities include bonds and mortgage-backed securities tied to government-sponsored enterprises, primarily Fannie Mae and Freddie Mac, interest paid on U.S. Treasury securities were the biggest factor as a result of the central bank(TM)s massive government bond purchases through quantitative easing. [Read the full article] 
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