The U.S. economy accelerated in the second quarter as consumers ramped up spending and businesses invested more on equipment, confirming that the sluggish performance early in the year was temporary. Gross domestic product increased at a 2.6 percent annual rate in the April-June period, which included a boost from trade, the Commerce Department said in its advance estimate on Friday. Growth for the first quarter was revised down to a 1.2 percent rate from the previously reported 1.4 percent pace.
WSJ: Samsung Profit Jumps to Record High for Quarter
Samsung bounced back from the Note 7 debacle. For the first time, it outperformed Apple for the quarter.
Working From Home? The Boss Wants You Back in the Office https://www.wsj.com/articles/the-boss-wants-you-back-in-the-office-1500975001
While working from home is nice, there are challenges with telecommuting. Ideally, a hybrid arrangement might work. The worker retains some level of flexibility with the need to remain productive. Manager can focus on team development and delegation on days in the office and hold the workers accountable to complete tasks during the days out. Might help alleviate some problems.
Less than a million invested will lead to a $35 million return. Interesting look at the brand power of LeBron James.
Amazon fully expands into the food business, acquiring the health food chain. Whole Foods will remain a separate unit. Interesting to see if helps expand Amazon Fresh’s footprint.
The struggles with Sears is well known, but many other retailers are feeling the pinch, competing in an ever changing industry.
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General Electric says Jeff Immelt is stepping down as CEO and John Flannery, president and CEO of the conglomerate’s health care unit, will take over the post in August. The 61-year-old Immelt will stay …
In this post, the concept of looking beyond the numbers is the focus. Many budget debates focus solely on the amounts allocated. But, how are the funds spent, what is done, and can we do better. That is what the goal should be.
Our debt is growing and our problems are unchanged. A new approach would help.
Interesting article on perks workers underutilize. While many would like to work from home, we probably prefer not to be on call 24 hours a day. Taking advantage of some perks may lead to unflattering office reputations. Achieving work life balance is difficult, determining tradeoffs that make work palatable and life worth living.
As many already know, ESPN laid off 100 employees, many of which were high-profile personalities. After years of skyrocketing rights fees and people cutting ties with cable companies, ESPN has a cash flow problem. Noble of them to protect employees living paycheck to paycheck, but the impact on broadcast quality could hurt ratings.
ESPN needs to strongly consider alternate revenues streams and reduce its dependence on a declining cable market. In other words, provide direct access to customers outside traditional cable deals. As more customers continue to move away from expensive cable contracts, ESPN can still remain connected with them through a direct service similar to HBO. Currently, WatchESPN requires a cable subscription login.
What About The Fees?
The cost of broadcast rights fees is the cost of doing business at this point. Until the deals expire, ESPN has to honor the terms. Going forward it should take a stronger negotiating position, but now should focus on maximizing revenue to offset the cost. As a sports centric organization, ESPN cannot lose its connections to the content its built around.
Beyond the business aspect, ESPN needs to focus on its core content, setting aside the political commentary and puns. Stop incorporating political attacks and stop promoting stereotypes. Focus on being a true worldwide leader in SPORTS. Companies that forget why they are in business tend to go out of business.