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INSEAD

Why Are We Losing Our Global Influence?


As we are now on the verge of U.S. Congressional ‘fast track” approval of the Trans-Pacific Partnership Trade Agreement, and simultaneously a severe challenge to the integrity of the European Union as Greece and the EU cannot seem to agree on terms to avoid a catastrophe, perhaps it is worth stepping back to consider these complex issues from a higher perspective. None of us has concrete answers. One thing is clear: the U.S. position as a global leader is under serious challenge.

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This viral video shows Japan’s bullet trains being cleaned in 7 minutes flat


Originally posted on Quartz:
Japan’s bullet train or shinkansen has long embodied the miracle of the country’s progress and efficiency. But it’s not just the trains that are quick. A 7-minute video showing an army of cleaners clearing the cars in a record time has gone viral. The clip, created by the American journalist Charli James, shows…

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big ideas

BIG IDEAS: Physics At The Crossroads


This is another in my occasional series on Big Ideas. Last night I had my first opportunity to watch Particle Fever, the acclaimed 2014 documentary on the Large Hadron Collider (LHC) and the discovery of the Higgs Boson particle. This followed my reading of a much more recent New York Times Op-Ed, describing a crisis in physics resulting from the discovery of the Higgs Boson. Essentially, the science of physics has no ability any time in the foreseeable future to experimentally go beyond the Higgs Boson. Physics is unlikely to be able to find The Holy Grail: a unifying Theory of Everything tying Einstein and the Higgs Boson into one simple elegant explanation.

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parliament hill

OECD Slashes Canadian Economic Forecast Yet Again


One day after federal Finance Minister Joe Oliver deflected concerns over Canada’s poor economic showing to start 2015, the OECD announced that it now projects Canadian growth this year at about 1.5 percent, down sharply from 2.2 percent during its previous temperature reading in March and a full percentage point below its forecast last November. Oliver on Tuesday told a Parliamentary Committee that he does not anticipate a recession.

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iraqi oil

Iraq About To Flood Oil Market: More Grief Ahead For Canada


Underscoring Goldman Sachs forecast last week of oil prices at or below $50 per bbl until at least 2020, Bloomberg News is today reporting that Iraq is preparing to unleash a flood of new oil within the next few months. This is very bad news for the price of Western Canadian Select bitumen, and Alberta oil sands producers. Saudi Arabia’s strategy, together with OPEC, to squeeze high-cost oil producers of oil sands and shale seems to be working. More pessimistic forecasts of WCS at $25 for an extended period now appear more plausible.

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internships2

10 Best Industries To Target For Internships and Entry Level Positions


Let’s be frank. Finding a decent job commensurate with your new UBC degree in Management has become extremely difficult. I have blogged previously here on the discounted value of a degree, as explained by UC Berkeley economist and former Secretary of Labor, Robert Reich. For those living in the Okanagan or hoping to stay here to enjoy the sunshine, I urge you to relocate to a region with better employment prospects. BC Business recently published a ranking of BC cities for employment prospects. Kelowna ranked 17th, despite being the second largest region in B.C.. Calgary is no better option for jobs these days.

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Academic Politics Is So Vicious Because the Stakes Are So Small


I have had sufficient time now to reflect on my unfortunate odyssey into academic politics that I can now speak about it without emotion. I came and went in academics. I now realize this was because I sorely misunderstood academic politics and that I threatened some of my colleagues with my real-life management achievements. Then the politics and backstabbing became Shakespearean. It is water under the bridge now, but that does not make my experience any less painful. I learned that I loved teaching very much. Nothing is more apt about my experience than the quote, “academic politics is so vicious because the stakes are so small,” the origins of which I explore here with tongue firmly in my cheek.

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canadian innovation

Canada’s Entrepreneurship Dilemma: Decades Of Anemic Research Investment


This issue has driven me absolutely nuts since I first arrived in Canada from Silicon Valley. It did not take me long to figure out that things did not work they way they did in California, and that there wasn’t much of a true entrepreneurial economy here. Since then, I have also been appointed to the Canada Foundation for Innovation grant process, providing me with insight into how R&D funding works in Canada. I have seen many issues in Canada that have impaired the nation’s ability to develop an entrepreneurial culture, among them is the inherent Canadian conservatism and short term horizon of investors unfamiliar with technology venture investment. But none has been worse than Canada’s decades-long neglect of adequate funding for research and development nationwide.

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foreign exchange

More Too Big To Fail Or Jail: 5 Banks Guilty In “Foreign Exchange Fix”


For most people, pleading guilty to a felony means they will very likely land in prison, lose their job and forfeit their right to vote.

But when five of the world’s biggest banks plead guilty to an array of antitrust and fraud charges as soon as next week, life will go on, probably without much of a hiccup.

The Justice Department is preparing to announce that Barclays, JPMorgan Chase, Citigroup and the Royal Bank of Scotland will collectively pay several billion dollars and plead guilty to criminal antitrust violations for rigging the price of foreign currencies, according to people briefed on the matter who spoke on the condition of anonymity. Most if not all of the pleas are expected to come from the banks’ holding companies, the people said — a first for Wall Street giants that until now have had only subsidiaries or their biggest banking units plead guilty.

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univprof

What Is The Point Of A University Degree, Anyway?


Years ago as a young buck, I sat on the university commons grass and pondered WTF it was all about. I made an immediate decision that I no longer cared what others thought of me. My mind would only be focused on things that were important to me. Secondly, I questioned the strict educational requirements for a degree and determined that I would focus on learning only from the very best professors on campus, and let the degree qualification chips fall where they may.

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