Real estate industry is a closed information loop

The closed loop

“For decades, the real estate industry has operated under the principle that the less information buyers and sellers have, the better it is for agents, lenders, title companies, and all the other folks who eat from the trough.  But the real estate tide seems to be turning, as the housing . . . → Read More: Real estate industry is a closed information loop

The fall of the human intellect

Dr. Brian Stacy of NOAA prepares to clean an oiled Kemp's Ridley turtle.

An oiled Kemp's Ridley turtle-Click to enlarge

Deepwater Horizon Gulf of Mexico Oil spill

The Gulf of Mexico is a very big ocean. The amount of volume of oil and dispersant we are putting into . . . → Read More: The fall of the human intellect

Testimony of Akio Toyoda, Toyota Motor Corporation

Thank you Chairman Towns.

I am Akio Toyoda of Toyota Motor Corporation. I would first like to state that I love cars as much as anyone, and I love Toyota as much as anyone.  I take the utmost pleasure in offering vehicles that our customers love, and I know that Toyota’s 200,000 team members, dealers, and suppliers across America feel the same way.  However, in the past few months, our customers have started to feel uncertain about the safety of Toyota’s vehicles, and I take full responsibility for that. Today, I would like to explain to the American people, as well as our customers in the U.S. and around the world, how seriously Toyota takes the quality and safety of its vehicles. I would like to express my appreciation to Chairman Towns and Ranking Member Issa, as well as the members of the House Oversight and Government Reform Committee, for giving me this opportunity to express my thoughts today.

I would like to focus my comments on three topics -

  • Toyota’s basic philosophy regarding quality control,
  • the cause of the recalls, and
  • how we will manage quality control going forward.

First, I want to discuss the philosophy of Toyota’s quality control.  I myself, as well as Toyota, am not perfect. → continue reading Testimony of Akio Toyoda, Toyota Motor Corporation

The Amish Intellect

“We want to be producers, to be an overall good to the community and to the nation and not be dependent upon the nation for our livelihood or for the federal or state governments to give us our livelihood,” – David Kline, an Amish minister from Mount Hope, Ohio. . . . → Read More: The Amish Intellect

Quote: Thomas Friedman

We have created a system for growth that depended on our building more and more stores to sell more and more stuff made in more and more factories in China, powered by more and more coal that would cause more and more climate change but earn China more and more dollars to buy more . . . → Read More: Quote: Thomas Friedman

The Onion peels consumerism

Chen Hsien, an employee of Fenghua Ningbo Plastic Works Ltd., a plastics factory that manufactures lightweight household items for Western markets, expressed his disbelief Monday over the “sheer amount of shit Americans will buy. . . . → Read More: The Onion peels consumerism

Quote: Claire McCaskill on Wall Street Bonuses

These people are idiots. . . . → Read More: Quote: Claire McCaskill on Wall Street Bonuses