5 Reasons Why Now Is the Best Time to Start a New Business

start business yes noThe combination of inexpensive technology, accessible virtual markets, and easy funding through crowdsourcing is changing the face of entrepreneurship. Today’s new business starters are socially sophisticated, willing to bear more risk than previous generations, and more likely to work out of a home or small office and rely on others for business processes. Some are small guerrilla outfits surfing from one hot concept to the next, and some are venture capital-funded geniuses with disruptor ideas.

It is a great time to start a new business – the best time in history.

The Keys to Success

Click to continue reading...

Should I Buy a New or Used Car – or Lease?

buying a carThe automobile occupies a special place in the American psyche. For most of the 20th century, it was the economic backbone of the nation, spurring growth and innovation across industries including steel, rubber, glass, and petroleum. It was the impetus for the geographic spread of cities and the dispersion of families across the continent.

The car symbolizes freedom, status, and utility. It remains the first major acquisition for many Americans, and obtaining a driver’s license is a rite of passage for every teenage boy and girl. While aircraft and railroad passenger miles have steadily increased over the years, auto passengers still log 7.25 miles for every airplane and rail passenger mile combined.

Click to continue reading...

Limitations of Human Senses & Memory – 7 Commonly Held Illusions

memoryMagicians and con-men have known for centuries how to deceive, seduce, and exploit audiences and individuals to their benefit. Francis Bacon, 16th century philosopher, scientist, and author, said, “Man prefers to believe what he prefers to be true.” We are willing victims, even active accomplices, in the regular misinterpretation of the world around us, often to our dismay and sometimes to our harm.

In fact, neuroscientists are just beginning to unravel the secrets of the brain – how we see the world, and how we remember details of events and environments. This can help us understand the hidden feelings that color our decisions and drive our actions, which in turn can help us make better decisions.

Click to continue reading...

How to Deal With an Elderly Parent’s Remarriage – Resolving Issues

elderly coupleGeneration Xers are beginning to turn the corner, midway between their teens and retirement. Now in their late 30s and early 40s, they have lived through three recessions, 9/11, and culture wars amidst starting families, buying homes, and struggling to repay student loans. For most of their lives, they’ve been on the short end of the stick, facing unemployment and moving back home to live with parents, but the tides are turning economically and socially.

Click to continue reading...

Importance of Community Banks and How They’re Threatened by Dodd-Frank

bankMalcolm Holland, president of $650 million Veritex Community Bank in Dallas, Texas, worries about the future of community banks as a result of increasing federal regulations and growing compliance costs. His concern is based upon the increasing expansion of federal rules that limit the flexibility of community bankers to meet the needs of their customers: “Community banks need to be creative because small business is creative. If we can’t meet the needs of small business – the core of our business – the economy as we’ve known it will cease to exist.”

Click to continue reading...

Understanding the Impact of a Federal Minimum Wage Increase

minimum wageOn February 11, 2014, President Barack Obama signed an executive order raising the minimum pay for workers employed by companies that have federal contracts. The pay per hour would be lifted from $7.25 to $10.10 and go into effect on January 1, 2015.

As might be expected, the move ignited a fire storm of dueling statistics and questionable conclusions from both sides of the political spectrum. Consequently, the average American is likely confused about who the order affects and its potential impact on the economy.

The Driver for Change: Income Inequality in America

Click to continue reading...

How to Start Urban Beekeeping – The Importance of Honey Bees

honey beeThe bee has always occupied a special place in man’s psyche. Young children learn the origins of babies with stories of “the birds and the bees,” while their industry is so respected that a person engaged in intense activity is “as busy as a bee.” “Spelling bees” and “quilting bees” are so named because a meeting of people working together resembles the scenes within a beehive. Closely guarded information is “none of your beeswax,” and the flappers of the 1920s popularized the “bee’s knees” to express the coolness of an object or activity.

Click to continue reading...

Obamacare History – Winners & Losers of the Affordable Care Act

obamacareThe Patient Protection and Affordable Care Act of 2010, otherwise known as “Obamacare,” is destined to be one of the most controversial legislative acts of the 21st century. It is both a symbol of compassion and good intentions, as well as a monument to the complexity of a modern society with conflicting goals and philosophies.

Supporters claim that it can lead to affordable healthcare for all Americans for the first time in the nation’s history, while detractors believe it may destroy the national healthcare system and bankrupt the country. What is the truth?

Brief History of the ACA

Click to continue reading...

How to Help an Elderly Parent Deal With the Death of a Spouse

griefVelta Lewis died the morning of May 15th in the arms of her husband in the home they had purchased upon retiring three years previously. Her death, nine months after the diagnosis of lung cancer, occurred shortly before the couple expected to celebrate their 52nd wedding anniversary during a two-week trip to Paris. My father was devastated. Over the following weeks, I would find him sitting alone in their darkened family room – no television, no radio, no conversation to break the silence – staring with red-rimmed eyes into the past, trails of tears upon his cheeks.

Click to continue reading...

How Massive Open Online Courses and Distance Learning Affect Education

moocMassive open online courses (MOOCs) are courses offered for free via the Internet, and provide education and training to large numbers of people separated by vast distances and economic circumstances. MOOCs differ from usual online college courses, which are generally limited to pre-qualified students who pay tuition fees. Despite the mixed results of educational innovations before their introduction, advocates hope that MOOCs will finally meet the goal of every public educational system: The transmission of information and concepts effectively and efficiently, with high retention at the lowest possible cost.

Click to continue reading...