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Friday, November 11, 2011

The juice on starbucks


Jamba Juice move over! Starbucks plans on starting a chain of juice bars next year and the first ones are to open up on the West COAST! Starbucks is starting off with juices and plans to grow into a health and wellness retail chain.  Personally, i’m excited! Starbucks consumers trust the brand to deliver consistent, superior quality and I am eager to cough up god knows how much for a juice.

It's been way too long!

Finally I am back.  These past weeks have been hectic to say the least.  I have been in West Texas, New Mexico, Oklahoma and West Texas again.  All the places people dream about going!  I'll save you the trip here are some pics of what I saw:

Friday, October 28, 2011

Halloween moola



Ready for Halloween?! I won’t be taking part in any festivities, just business travel to Oklahoma.  But the majority of America, all 161 million of you are planning on celebrating Halloween this year.  According to a National Retail Federation survey, we spend an average of $72.31 on decorations, costumes and candy. In fact, this year $1.2 billion dollars has been spent on adult costumes!  That means money being coughed up for skanky nurse, pilot, dorthy outfits and so on.  CHA-CHING! Happy Halloween!

Thursday, October 27, 2011

Funny

Here's some quick funnies to start off the Thursday:

Q: How do you know it's going to be a double-dip recession?

A: Greek exports of taramosalata and tzatziki have plunged.


Even the German newspaper Deutsche Welle is poking some fun at its people with this one: 
 'For 400 euros you can adopt a Greek. He'll stay at your place, sleep late, drink coffee, have lunch and then take a nap, so you can go to work.'"

Thursday, October 20, 2011

Yoga


Are you a yoga fanatic?  Taking classes? Spending on yoga gear and fancy retreats? How much are you spending each year?  Research shows yoga generated revenues are estimated to hit $3.3 billion this year! BILL-ION! Bloomberg researched the potential cost for a woman living in NY to start practicing yoga and continuing for a year.  Turns out the cost comes out to be $ 10,779!  Even though this number includes, intro courses, Luluemon supplies, retreats, meditation courses, props, massages, and yoga music, we still think it’s a bit much.  Namaste.

Friday, October 14, 2011

hello UNIQLO!


I absolutely LOVE Japan and when I visited last year I saw tons of Uniqlo stores all around Tokyo.  I am thrilled to find today is the opening of their largest global flagship in the world, “UNIQLO New York Fifth Avenue!" Uniqlo is supposed to be the “in between” of H&M (young shoppers) and Zara (older shoppers).   The retailers goal is to eventually have 200 stores in the US, so if you haven’t heard of it yet, you will soon.  Good bye 200 GAP stores, hello UNIQLO!

Paste it on


What happened to natural beauty?  A new study, paid for by Procter & Gamble, shows that people perceive women to be more competent when they wear more makeup.  Pretty obvious that appearance plays a role in career success but there isn’t a good explanation of why human beings respond more positively to women who are attractive or attempt to make themselves more attractive.  Next time you’re heading out to an interview or a promotion is right around the corner, make sure you spend an extra 5 minutes on your makeup- maybe even put some eye shadow on.  Obviously, P&G oh so very happy with these results!

Thursday, October 13, 2011

Price up much?

A month ago pandemonium had hit all Target stores.  Web sites crashed, fans cleared shelves all to snatch items from Missoni.  Surprisingly, Missoni didn’t expect this reaction since in the past, items from other designers, like Isaac Mizrahi didn’t create this much excitement. Whether it’s the stimulus of scarcity or die hard Missoni fans, people have been making insane profit margins reselling these items on Ebay.  Here are a few absurd price ups that I missed out on:
Missoni for Target multicolor bicycle. (eBay prices are from a recent listing.)
TARGET: $399.99
EBAY: $1,400

Missoni for Target throw.
TARGET: $39.99 EBAY: $250

Wednesday, October 12, 2011

Celebrate failure


Several people will tell you not to give up when things go wrong (my parents are great at this).  I’m sure you’ve heard success is 1% inspiration and 99% perspiration.  Keep on trying- it’ll happen. Sadly this mantra is flawed.  Repeating the same thing over and over is not enough, we’ve got to learn from it so next time we can do it better and smarter.  Common sense right? Not really. Several companies tend to sweep mistakes and failures under the carpet when things go wrong.  You may see a direct impact on your bonus but fixing those mistakes aren’t usually discussed.  Next time something does not pan out as planned, make sure you use those failures to make better decisions in the future.   Studies find that an entrepreneur who succeeds in a venture has a 30% chance of succeeding in his next venture, but first time entrepreneurs have only an 18% chance and an entrepreneur who’s failed has a 20% chance of succeeding!  Mr. Thomas Edison said it best, “ I never failed once. It just happened to be a 2,000 step process.”

Tuesday, October 11, 2011

99 problems


Almost a month ago, Occupy Wall Street gathered in NYC to protest corporate social inequality and greed.  The movement has spread from NY to LA, Tampa, Chicago, Oregon, Houston and much more. They are everywhere! I bet you’ve seen the signs “we are the 99%”, but that’s not to be taken literally. 99% is pretty expansive and pretty sure it includes a few bankers on Wall St.! Should be 99 problems instead.  Most Americans aren’t occupywallstreets 99%, in fact,  American households right at the 99th percentile will earn around $506,553 this year, some even millionaires!

Disclaimer: Financially Yours, Tammy does not support or oppose the actions of occupywallstreet.

Monday, October 10, 2011

Netflix


A few weeks back, Netflix announced a change in service and fees for its streaming and dvd rental service.  The stock price has multiplied 6 fold ($$$) since 09 and was facing incredible opposition and cancellation of service as a result of the reorg of the dvd/online streaming services.  Talk about poor market orientation! Since July the share price dropped 53% and finally (after several  subscribers wailed) Netflix has taken attention and is making changes- well not really, they’re just announcing a “I take that back.” Now, subscribers will be able to use both services under 1 account and 1 password. The people spoke and Netflix listened, after it lost more than half its value since July, of course.

Saturday, October 8, 2011

Collectors


Have you been watching shows like Hardcore Pawn or Pawn Stars? Addictive right!? Well, I’m sure you’ve wondered how or why these people walking into these stores collect coins, stamps, comics, antique autos, baseball cards, etc. If you’re like my mom- you think its junk and just throw everything away in sight.  That’s why my sticker/Sanrio collection lasted only until 14 year of age.  The items people collect often have little intrinsic value.  In fact, they are hazardous. It’s practically not liquid. So why do these collectors spend tons of dough on this “junk?”
Several theories exist.  One of them is evolutionary theory which suggests that collecting should be positioned as a means of displaying wealth as a parent.  I’m sure you’ve looked in a magazine and seen the ad for Patek Phillippe (love) , who uses a “generations” theme.  Other theories argue that the urge to collect comes as a reaction to childhood feelings of insecurity.  For example, coin collectors usually think coins are less volatile investments than stocks and will hold their worth.  Next time, you're thinking of starting up a collection, you may want to see a psychologist first. JK!

Friday, October 7, 2011

Jobs report




Listen up fellow unemployed friends!  103,000 new jobs were created in September-certainly better than 0. Jobless rates at 9.1% still and we need 250,000 jobs a month in order to take unemployment down to 6.1%.  We’ve got work to do still. Although retail, temps, and service providers added jobs, government and manufacturing cut quite a few.  Firms are still afraid of the double dip and change of demand in their products and services, they dont want a repeat of 09 where they cut 25% of their work force SO they’re just not hiring. As much as the recession is averted, we still need jobs.  And fast.  Now would be a good time to get our jobs back from India.

Thursday, October 6, 2011

GILTY as charged


Ladies, I’m sure you’ve heard about Gilt. Com, the luxury goods online site that offers exclusive limited time sales on designer goods.  Gilts been growing fast and Amazon has entered the market with “My Habit” a gilt look alike.   So why have these luxury deal sites flourished? 
Besides great prices, consumer psychology is driving demand.  These sites leverage aspects of consumer psychology to drive the impulse of purchase.  First,  scarce items are more valued, when the sites show “sold out” they are cueing customers to believe that others are in hot pursuit of popular items- so obviously you want it need it and cant live without it.  Also, you have a limited time of “buying opportunity” that if you don’t exercise will disappear so your more inclined to react and purchase. DARNIT- they get me every time!

Is a leader born or created?

With Jobs’ passing, It’s made me think about traits theory-whether or not a leader is born or created?
Unfortunately, no one knows. Back in the day, people believed that biological factors (being tall) played a role in leadership.   My personal opinion is that this is true but to a certain point.  I believe that such traits such as intelligence, energy and confidence only provide a starting point for a leader.  Research shows leaders were shown to be non-distinguishable from other people in terms of intelligence and abilities.  Look at Gates and Buffet- both introverted leaders who don’t possess the personality or physical traits that attribute to leadership.  Whether you think its luck, innate or environment, leaders come from all walks of life and have emerged and remained through their own merit. 
Here’s  Colin Powell’s 18 principals of leadership:  
1. “Being responsible sometimes means pissing people off.”
2. “The day soldiers stop bringing you their problems is the day you have stopped leading them. They have either lost confidence that you can help them or concluded that you do not care. Either case is a failure of leadership.”
3. “Don’t be buffaloed by experts and elites. Experts often possess more data than judgment. Elites can become so inbred that they produce hemophiliacs who bleed to death as soon as they are nicked by the real world.”
4. “Don’t be afraid to challenge the pros, even in their own backyard.”
5. “Never neglect details. When everyone’s mind is dulled or distracted the leader must be doubly vigilant.”
6. “You don’t know what you can get away with until you try.”
7. “Keep looking below surface appearances. Don’t shrink from doing so (just) because you might not like what you find.”
8. “Organization doesn’t really accomplish anything. Plans don’t accomplish anything, either. Theories of management don’t much matter. Endeavors succeed or fail because of the people involved. Only by attracting the best people will you accomplish great deeds.”
9. “Organization charts and fancy titles count for next to nothing.”
10. “Never let your ego get so close to your position that when your position goes, your ego goes with it.”
11. “Fit no stereotypes. Don’t chase the latest management fads. The situation dictates which approach best accomplishes the team’s mission.”
12. “Perpetual optimism is a force multiplier.”
13. Powell’s Rules for Picking People: “Look for intelligence and judgment and, most critically, a capacity to anticipate, to see around corners. Also look for loyalty, integrity, a high energy drive, a balanced ego and the drive to get things done.”
14. “Great leaders are almost always great simplifiers, who can cut through argument, debate and doubt, to offer a solution everybody can understand.” (borrowed from Michael Korda)
15. “Use the formula P=40 to 70, in which P stands for the probability of success and the numbers indicate the percentage of information acquired. Once the information is in the 40 to 70 range, go with your gut.”
16. “The commander in the field is always right and the rear echelon is wrong, unless proved otherwise.”
17. “Have fun in your command. Don’t always run at a breakneck pace. Take leave when you’ve earned it: Spend time with your families. Corollary: Surround yourself with people who take their work seriously, but not themselves, those who work hard and play hard.”
18. “Command is lonely.”

Wednesday, October 5, 2011

Steve Jobs

"If today were the last day of my life, would I want to do what I am about to do today?"


 

Office space


My own office!  I was pretty excited to get my own office when I started this position, I was excited about the white board, the stark walls, bookshelf and PRIVACY.  In the past, I’ve worked on a trading floor, where your just about sitting on your neighbors lap.  Anything you say or  do is being watched by someone on the floor.  But nowadays, no privacy means big savings.  Loosecubes,  a company for office sharing, lists more than 2300 spaces across 500 cities! No furniture, no lease, no setting up internet, and you may even end up sitting by a smoker who sprays fruit splash after each break (yuck).

Tuesday, October 4, 2011

Poor baby!



Remember back in the day when grandma told you they would use cloth diapers and you were in disbelief.  Well it’s happening again.  Recent data shows diaper sales are slowing and sales of rash ointments are rising.  Although the data pulled maybe because of US birth rates declining, I’m sure several parents have switched over to lower quality diapers or cloth diapers to save a few bucks.  Pressures on kids, you may be potty trained even earlier now. 

Friday, September 30, 2011

GenY and housing



Ah the American dream or nightmare- home ownership.  All you Gen Y’s, are you considering buying a home in the next few years?  We are! My husband and I are saving for a modest home in California and since home sale price medians in LA County range around $317,000, we’ve got some work to do.  With unemployment rates at such levels, fewer GenY’s are financially secure enough to take such a major step in their lives.    And although majority of the country has experienced declining home prices , Sydney has actually seen a rise.   In fact, the median Sydney home price is around $644,658! With such high home prices, Gen Y Aussies are cutting back on spending tremendously  (or considering robbing a bank) to save for a down payment.  NOW, I’ll stop complaining about Cali home prices.

Thursday, September 29, 2011

GDP


The final GDP reading for 2nd quarter came out today at 1.3%.  Each initial GDP report gets revised twice before the final figure, so this would be the final for Q2 . If you’ve ever taken an Econ class you’ve probably learned about GDP.  Gross Domestic Product (GDP) is the total market value of all the final goods and services produced within an economy in a given year.   
GDP= total consumer+investment+government spending+exports-imports
What this means for you?
Growth in GDP is what matters.   The faster the U.S. economy grows, the less pain we’ll feel.   At a pathetic rate of 1.3%,  it’s clear that we’re on a slow growth track.  Brace up.

Wednesday, September 28, 2011

Texas Tea




Crude closed at $80 a barrel and seems like the pumps are fast to rise and slow to fall.  So what’s the relationship between crude oil prices and pump prices? 
Let me explain. The lag between US Department of Energy gas prices and crude is around 5 days. (Using a weekly average for both) The pump price at the station you’re pulling into isn’t based on the cost of the product that’s under the stations underground tanks.  Instead, its set by how much it will cost to buy the NEXT delivery which factors in distribution costs, refinery margins, crude oil prices, etc.  So the next time you’re at the gas station getting mad because prices have climbed up, it’s not the owners fault!  In fact, when crude oil prices drop the owner has a better opportunity to make some dough!

Tuesday, September 27, 2011

CCI


It’s the last Tuesday of the month and that means the Consumer Confidence Index (CCI) is released.   The CCI is an economic indicator of well, consumer confidence.  For example, if you feel like your standard of living is increasing, you’re more likely to drive into the BMW dealership and buy a new car.  So the CCI is a gauge of financial health, spending and confidence of the average consumer, and since consumer spending accounts for ~70% of U.S. economic activity, economists watch this pretty closely.
And so for September consumers’ confidence remains weak, even weaker than what economists predicted.   WAAAAH

Monday, September 26, 2011

Disgruntled

Here’s to all the disgruntled employees making their way in this Monday morning.  Check out this humorous rant from Christoper Cristwell (who is now fired) to start your day with a laugh :
 
We think it’s hilarious- Howard Schultz not so much. So long Christopher!

Sunday, September 25, 2011

Two bulldogs


From Carly Fiorina, one of the most powerful women in business with a checkered track record as a charismatic CEO, who was forced out of HP after a series of setbacks comes another strong woman, Meg Whitman.  Whitman the former eBay CEO will be taking over one of the hardest CEO slots to fill.   With HP in the gutter, Whitman is an “Obama” trying to save a sinking ship.  Mrs. Whitman the pressures on... its about time to get HP straightened out!

Saturday, September 24, 2011

Thred^


Look in your closet.  I’m sure you have tons of clothes that you don’t wear that just takes up space.  That is how these three entrepreneurs, Reinhart, Homer and Lubin , created SF based thredUP.  ThredUP started out as an online community where people could inexpensively buy and sell used clothing.  These 3 soon realized they would tap into children’s clothing since parents retire about 1400 articles of clothing as a child grows. $CHA-CHING$

In April ’10, the site launched a children’s clothing service.  For $5, members could purchase a box of used kids’ clothing; they can upload and offload their own boxes. This turned out to be such a hit, they retired the original service and focused in on children’s clothing. 
Mommies check it out: http://www.thredup.com/

Friday, September 23, 2011

Weekend



With all that's going on in the economy, make sure you take some time to relax and enjoy the weekend.

Wednesday, September 21, 2011

Operation twist


So you’re hearing all this talk about OpTwist and you have no idea what the hell is going on with this economy.  Let me explain.
Operation Twist is named after the popular dance craze when all the FED governors were young, it’s not quantitative easing, its “operation twist” .  It originally happened back in the 60s but it was ineffective because it wasn’t done for a long enough period of time.  So Operation Twist is:  interest rates on short- term Treasuries are lower than on long term.  For example, if you financed a house with a 10 yr loan the interest rate would be cheaper than a 30 yr loan right?  So OpTwist involves selling short term treasuries and buying long term ones.
So what the hell does this mean for you and your wallet?
Nothing really.  If you’re in the market, it can lower long term interest rates enough that people decide to sell their bonds and buy stocks.  You won’t see any drastic changes in the interest rate on your loan or CDs, no jobs, no housing improvement, just a dance.

Tuesday, September 20, 2011

Let me see those nails



History has shown that when the economy goes into a recession or a depression, the sale of lipstick increases.  Nowadays, in this unstable economy, it seems pretty difficult for women to justify spending their hard earned money on the latest Dior bag.  Instead, they are indulging on nails!  Since the recession, nail color growth has exceeded the growth of the entire cosmetics category.  So go ahead, spend $20 on that nail polish- it’s the new accessory!

Monday, September 19, 2011

Oracle of Omaha RULE


Obama revealed his plan to cut the national debt by $3 trillion by increasing taxes on the wealthy and corporations.  His plan also includes a “Buffett Rule”. Buffett has complained that the mega rich pay a lower tax rate so this would set a minimum tax rate for anyone making more than $1 million a year. As usual the details will be ironed out in the future. But for now, the very few people who have worked their $@# off and have succeeded in breaking through a 7 digit net worth figure will have to thank Mr. Buffett.  Seriously Buffett, shut up already!

Sunday, September 18, 2011

My consumer surplus




I am happy today.  I was out shopping for golf shoes and was mentally prepared to spend $75 but instead found a great pair for $60.  I immediately purchased the shoes!  The difference between the max price I was willing to pay, $70 and the market price, $60 is my consumer surplus.  If I go in next week and the price is reduced even further to $50 my consumer surplus would be $25.  If market price falls, consumer surplus must increase.

Here’s an example of producer surplus and consumer surplus from the movie Pretty Woman. In the clip Edward and Vivian (aka Julia Roberts) negotiate on $3000.  She would have stayed for $2000 so the producer surplus would be $1000 and he would have paid $4000 so the consumer surplus would be $1000.   Check out the minutes from 4:40-6:30.

Saturday, September 17, 2011

Cali Love


California, how I love you...your beautiful mountains, 70 degree summer nights, 1100+miles of breathtaking coastline, expensive homes, high taxes and hardly any good jobs.  With California’s unemployment rate at 12% and Texas at 8.4%, it’s pretty clear why families are making their way out of the Golden State.  Currently living in the dirty south, where we’ve traded Dr. Dre for Bun B.  We have the bragging rights of better jobs, cheaper housing and great bbq. Miserable during the summers- YES! But, being a millionaire by 40 is feasible.  Obviously you can throw in quality of life and LA is a definite homerun. But when it’s just black and white- strictly numbers, Houston is the place to be.  We don’t have the Lakers, Tupac, or Malibu, and our neighboring state is not Vegas, BUT we do have George Bush’s Presidential library. Need I say more?!
Here are the 15 best cities for young professionals:


Thursday, September 15, 2011

LEH



Today marks the anniversary of the largest bankruptcy in the US, Lehman Brothers filed for bankruptcy in 08 and as we all know, it set off a domino effect across the global financial world. Main street is dead in the water with zero new job growth and rapidly rising poverty rates.  Surely Dick Fuld, the man vilified for the collapse of Lehman Brothers is haunted by the day, but rest assure the $22 million bonus from just March of ’08 should help keep his mind on other things.

Tuesday, September 13, 2011

Monday, September 12, 2011

Another bubble



If you’re in a slump and haven’t found a job yet- you’re probably thinking of going back to school.  Just like everyone else in GenY.   I don’t want to come off as a hypocrite but I myself am in B school but only for the reasons that my company pays for it and because I love the material. If you are in the process of earning a higher education in hopes that it will make you rich in the future and it will appreciate in value- think again.  A top tier program is by no means a requirement for success. Universities have gotten a lot more expensive and normal supply and demand doesn’t justify this increase but several still believe that whatever the cost, an education is a necessary ticket to future prosperity.   So tons of students are taking on mounds of debt and are comfortable with it because they believe the value will always go up… sounds like the housing bubble right?  In ‘05 awesome Bush announced that student loan debt is debt that you can’t get rid of by declaring personal bankruptcy-this means you’re stuck with it!   Next time you’re considering pursuing a higher education make sure you realize it may not be the golden ticket.

Sunday, September 11, 2011

Remembering 9/11


God bless the victims of 9/11. God bless the families who are still dealing with the pain. And God bless this great nation. United we stand.

Thursday, September 8, 2011

Speeches


What a day. Here’s the gist of the speeches for today:
Bernanke reiterated he has a few tricks left in his hat but isn’t specifying what kind of tricks or if he’ll use them yet to foster economic growth.  Pretty much saying we’ll do the appropriate thing at the appropriate time but not doing anything at the moment. 

Obama proposed a $447 billion jobs package which included:
Preventing local government layoffs
Infrastructure spending
Unemployment insurance extension
Payroll tax cuts
Tax credits for long term unemployment
...Oh ya and this plan is “paid for”

In spirit of fashion week


A spot at Lincoln Center ranges between $30,000 and $100,000.  More established brands like the Michael Kors’ and Carolina Herrera’s can drop close to $500,000 for a 15 minute runway. OUCH!  Rafael Cennamo, a newbie to fashion week, has dropped close to $50,000 to be there.  What!!! No discounts?? With stars like Beyonce and Taylor Swift sporting his evening gowns, surely he’ll be able to justify the return on the investment.



Wednesday, September 7, 2011

Lost another one



As of yesterday, there were 12 Fortune 500 companies that were run by women…now it’s down to 11, which is 4 less than last year.  We’ve lost another one. Carol Bartz, ex CEO of Yahoo! Inc. was fired yesterday.  Bartz who took over as CEO in '09 frustrated several investors with falling sales, lost market share and disputes with Asian partners.  As a result, Yahoo shares up up up.


Tuesday, September 6, 2011

Job speech




Unless you’ve been living under a rock, you probably know that Obama will give a job speech this Thursday.  With the unemployment rate stuck at 9.1%, the job market is dead in the water… and everyone’s pretty nervous we’ll be heading for another recession.  Obama’s proposals could include programs to fund infrastructure building, help struggling homeowners and possible tax breaks to encourage hiring.  Thursday can’t come soon enough…Show us the JOBS O-MAN!

Monday, September 5, 2011

Opportunity Cost

superwoman
Let’s face it… we can’t do it all! As much as you and I think we can load up our plates with managing our careers and running a household… we aren’t a bionic breed and must stop once in awhile.  With each decision we are making there are opportunity costs.  The thing we end up not choosing or doing is our opportunity cost.  Here are a few examples:
Career or raising your baby: A HUGE decision every women faces.  If you decide to raise your baby, you may lose your position within the company and chances are in this tough economy, landing a job with the same pay and seniority will be difficult.  If you do choose to go back to work, the time lost with spending time with your baby and paying a sitter is your opportunity cost.  Decisions. Decisions.

Shopping. There are a few of us out there that want the best deal in town and will shop around until we get it.  When you evaluate how much to “shop around” you should consider the opportunity costs. 
For example, Bloomingdales and Nordstrom Rack are carrying the same Freepeople blouse you’ve been dying to get.  You can drive to Bloomingdales which is 5 minutes from your house and get the blouse full price, or you can drive to Nordstrom Rack and get the same blouse for 25% less but it is 30 minutes from your house.  What to do?! Depending on how you value your time, some might consider driving 30 minutes to get the discount on the blouse.  The opportunity cost of driving to Nordstrom Rack is what you’re giving up if you decide to buy the blouse at Bloomingdales for full price.