So I was at a recruiting event at Purdue this week. More than a dozen students I talked to mentioned that they would like to stay in the Midwest because their families were here. Seriously? You can go to anywhere on the planet and you want to stay in the Midwest where 6 months out of the year is snowing?! And when you go somethwhere you measure distance not by miles but by hours of driving?! People need to get out more. The world is a lot bigger than your neighborhood diner. And good luck looking for a job in this increasingly globalized world.
What’s Up with People of the Midwest?
Posted in Business
My Rant: Flying First Class
Airport, Missed Flight
On Food
I have been thinking about food a lot lately, especially since I spent a weekend in NYC, spent quite a lot of time in Manhattan, the food heaven in the east coast, where I got amazing seafood, and dim sum. I am kind of a foodie, not a snob but someone who appreciates quality food, but is also OK with eating junk food and be satisfied. Many of my friends commented on the way I eat. I like to enjoy my food by focusing on the food I am eating. So what I do a lot is to close my eyes while taking a bite and making a satisfying sound. I also very much enjoy cooking, except I don’t have the time or energy to cook ever since I started working full time, since I tend to spend 2+ hours making a decent meal.
Everyone has a few comfort foods, and I am definitely not an exception. My comfort foods are: Hot Dog, Shrimp cooked in any style, Fish filet in a nice creamy sauce, Ahi Poke (Hawaiian style raw Ahi cubes marinated with soy sauce, chopped onion, and sesame oil), Chinese food, and Popeye’s fried chicken. So pretty much seafood and a couple of junk food. Very interesting mix, isn’t it? Interestingly, they are also the kind of food I get whenever I travel.
Vacation Withdrawal Syndrome?!
So I had a blast in NYC with amazing hot dog, awesome seafood, roof top party, nice walks around upper east side and central park and most importantly great conversations. And now I am back in Toledo with a messy apartment, a lot less excitement and intellectually stimulating conversations are pretty much non-existent. I can’t help but feel a bit depressed. It’s a weird feeling.
Perhaps having light work days every day for 2 months straight has something to do with that. Isn’t that awful that a vacation is more intellectually stimulating than work? I actually attended one of those dreadful remote workshops via dial in and web meeting rather than sitting around and doing nothing. And I actually enjoyed it. Inconceivable! I guess I am one of those that enjoys being busy rather than having nothing to do. Only 5 more months in Toledo…then I will be gone! Too bad I very much like the people I work with and the work I do (when I am busy). Only God knows where I will end up next year. Hopefully somewhere more exciting than Toledo. Perhaps the east coast (a very long shot). Perhaps engaging in an overseas project (another very long shot). But I can only hope.
4 Things I Look for When I Travel
Why I Travel
So I have been traveling a bit this year. I took 11 trips, traveled to 5 different countries, 28 locations, flew 50,000 miles, and spent a total of 60 days away from home. So that’s 2 months out of 6 months from January to the first week of July. By the end of this calendar year, I am pretty sure I will double my miles flown so far, which will probably turn out to be 100,000 miles on a plane by December 31.
Crazy I know. A lot of friends ask me why I travel so much. Well, to many of them, my response is “depends on what you are comparing to”. Compared to many of my friends and peers, perhaps I travel quite frequently, but I also know people who pretty much commute between Europe and the East Coast. And they sure have tons of miles to burn!
Nevertheless, I think I may have over compensating travel a bit. By that I mean I rarely traveled when I was a kid. My parents back in the days did not have the means to travel to anywhere greater than 250 miles from the city we lived in. It’s kind of amazing that I can pretty much jet around the globe at a moment’s notice as long as there’s still a seat on the plane and money or frequent flier miles is not an issue. So I am fully taking advantage of my financial ability as well as mobility to devote however much free time I have to travel. In a way that I am kind of over compensating for the lack of travel in my childhood days.
I am always a curious person. My brain is kind of like a sponge that sucks up as much information as I can take. So by the way my brain is wired, naturally I am very inclined to experience new things. And traveling is probably the best and most efficient way to go about achieving that. The cheapest way to experience new things is probably not traveling, but going to museums. Perhaps that’s why I am also a big fan of going to the museums.
Take-aways from this financial drama
This week is particularly bad on Wall Street. After the recent bailout of Bear Sterns, Fennie Mae and Freddie Mac, this week we saw the bankruptcy of Lehman Brothers and Fed’s unprecedented move to save AIG by offering loans up to 85 billion dollars in exchange the Fed will receive warrants for 79.9% equity stake. Lehman Brothers, once the mighty investment banking powerhouse, is being chopped up and sold at pennies on the dollar; whereas AIG will soon be broken up and sold piece by piece until there’s nothing left. Very soon, the two icons of Wall Street will be mentioned only on the history channel and in classrooms. It is very sad…a sad week indeed.
I have a couple of take-aways from these few weeks of chaotic financial drama.
1. Don’t just blame each other, blame yourself
Bankers, politicians, mortage brokers, insurance companies, real estate agents, speculators, the blame is on everyone. There isn’t anyone that is innocent. Everyone is guilty of contributing to this giagantic mess. Some “home owners” may say, I am not a speculator! I am just a home owner! Suuuure….unless you are planning on keeping your house for 10 years, I don’t see why you are not a speculator. There were people out there who were buying houses in their 20’s. And since they couldn’t afford the houses, they took on adjustable rate mortage with a low teaser rate and were planning on selling them in 2-3 years. Sure it works great when the marketing is great, but when the market goes down….uhmmm…. This is purely greed. And what is worse? This is collective greed. The whole society is greedy. We all know what happened to Enron…this time it is not so much different. Except, this time around, it’s not limited to a bunch of executives anymore, everyone is in it for the money. So don’t blame everyone else, look into the mirror!
2. Government oversight is crucial
After the Enron Scandal, the congress passed the Sarbanes-Oxley Act (SOX), which greatly increased government oversight on publicly traded companies and their accounting practices. With SOX, executives are personally liable when things go wrong. It surely increased accountability, but at the costs of millions of dollars in compliance expenses (which benefits me since IT is in integral part of SOX compliance and it created tens of thousands of jobs in IT SOX Auditing). I wonder this time around, what kind of government oversight will be enforced. It surely has to be something punitive if we want it to be successful, and researches have shown that punishment works best in restoring order (http://www.ted.com/index.php/talks/jonathan_haidt_on_the_moral_mind.html). Now the question is…at what degree of punishment when the whole society is greedy?
3. Speculation does not deliver real value, real value is tangible
Real value resides in delivering goods and services that people can touch, smell, see, and hear. Speculation is nothing more than inflating an already overpriced perception. Nothing beats manufacturing and innovation. The US economy should focus on emerging technologies such as biotech, healthcare, alternative energy and green technologies. Let’s go back to our roots of innovation where Bill Hewlett and Dave Packard started HP, one of the most innovated companies on the planet from a garage. What America is good at is innovation and entrepreneurship, let’s leverage that.
Paris Impression
Paris is truly an amazing city that has lots to offer. I loved almost every minute of my time there. The Louvre was stunning; d’Orsay was simply spectacular; Monet’s Water Lilly was royally impressive. Not to mention the breathtaking views of the city from the top of the Arch de Triomphe and the Basilica of Sacré-Cœur. Paris at night was even better, totally worthy of its fame of being the city of light. Four days was definitely and totally too short. And the food was heavenly. I had two of the best meals (a lunch and a dinner) in Paris. The lunch was at the d’Orsay musuem restaurant (beautiful decor); and the dinner was at the Au Trou Gascon restaurant (great food). Even the room service meals were decent.
Paris also has its own annoyances. Streets were not as clean as I thought they’d be. Parks and gardens were full of dirt. By the end of the day, my shoes would turn totally dusty. I wonder why they don’t cover them in grass…
Hawaii Trash in Oregon?!?!
Apparently, the state of Hawaii is contemplating shipping trash to Oregon so it can be dumped in Oregon land fills. I have always known there’s a lack of landfills in Hawaii, but I didn’t know it was in such a desperate situation.
Considering record high oil prices, there’s gotta be a better way to process trash than shipping it half way across the Pacific ocean.