educational

Just-in-time to just-in-case: another Tsunami impact

Glenn Reynolds makes a good point about the far-reaching disruption to the modern supply chain that a single disaster across the globe can have. From his article:

Japan’s earthquake was in some ways a triumph of preparedness: Thanks to strict building codes, not a single building in Tokyo collapsed. But the earthquake, and the tsunami it produced, have had impacts that go well beyond the immediate.

In particular, the damage is exposing the extent to which modern supply-chain management has produced a system that is so lean it lacks the reserve capacity needed to cope with disasters.

In manufacturing, plants have been idled around the world because Japanese factories — or often, a single Japanese factory — serve as the sole source for a vital component. With the factories sidelined by damage or power outages, the components are unavailable, and production has to stop.

… But the problem goes well beyond cars and subways. Lots of more important systems are similarly vulnerable. My wife takes a heart-rhythm drug called Tikosyn; if she misses a dose, she could die. 

educational · me

Well, I knew that…

Interesting little quiz:

You are a
Social Moderate
(43% permissive)

and an…

Economic Conservative
(85% permissive)

You are best described as a: 

Capitalist

 

Link: The Politics Test on Ok Cupid
Also: The OkCupid Dating Persona Test

educational

Maps galore

Worldmapper has collections of maps showing country size as indicated by income, age at death, Internet use, etc. Interesting.

educational

Kids in Northern Ireland learn about personal finance in school

Adorable! These Irish kids are learning about the basics.

educational

Great advice for students

Confidential to my oldest nephew: in just a few short years you’ll be putting this great advice to work.

educational · Finances

Not just talking the talk

J.D. Roth sums up the difference between talkers and doers in his post at his blog, Get Rich Slowly. This is a great blog on money management.  Lots of good posts on the basics, and inspiring stories on how regular folks got their finances in shape.

educational

Check out the Khan Academy…

It’s a virtual university. Recommended by Bill Gates.

educational

Done.

Whew. Last paper turned in. I’m done with my course in management information science. And I’m so glad.

educational

Just for Dad

Here’s a good primer on Twitter, Facebook, LinkedIn and other social networking sites your grandchildren (and children) are using.