Going West

Eventually, Finnish summer came to an end.  

In late August I welcomed American friends to Helsinki.  

Caleigh, Garrett and I strolled the sunny, windy green streets of Helsinki and visited plenty of seaside cafes where we always picked patios with the best views of the archipelago.  Angry skies signaled the changing season.

The Shape of Freedom in Our Network Society

How we make information, how we get it, how we speak to others, and how others speak to us are core components of the shape of freedom in any society.

Individuals can reach and inform or edify millions around the world. Such a reach was simply unavailable to diversely motivated individuals before, unless they funneled their efforts through either market organizations or philanthropically or state-funded efforts. The fact that every such effort is available to anyone connected to the network, from anywhere, has led to the emergence of coordinate efforts, where the aggregate effect of individual action, even when it is not self-consciously cooperative, produces the coordinate effect of a new and rich information environment. (p.4)

Articles of Note

I seem to be finding all sorts of fascinating articles this weekend.
Maybe you'll find something here that piques your interest...

1. Innovator of the Year Awards 2012.  
Would you have guessed that Mary-Kate & Ashley Olson are among the winners? These are some hard-working gals.
To sum up their current fashion design philosophy:

"We like the mentality of the way men dress—a few investment pieces that you can wear all the time and build upon."

Read the full story about their company, The Row, in this interesting article in WSJ.

2. Already -24 Celsius in Lapland! (Northern Finland)

3. Want a Better Economy? History Says Vote Democrat.

A fascinating review of Bob Dietrick & Lew Goldfarb's book Bulls, Bears, and the Ballot Box. The review is written by a reporter who espouses to be a big fan of Milton Friedman's economic theory.

As Dwight Eisenhower said in a New Yorker interview
“I despise people who go to the gutter on either the right or the left and hurl rocks at those in the center.”

I have to copy/paste the closing remarks of this article, as I know they're going to stir up some opinions:

The book covers only Presidents Hoover through W. Bush.  But as we near this election I asked Mr. Goldfarb his view on the incumbent Democrat’s first 4 years.  His response:

• “Obama at this time would rank on par with Reagan

• Corporate profits have risen under Obama more than any other president

• The stock market has soared 14.72%/year under Obama, second only to Clinton — which should be a big deal since 2/3 of people (not just the upper class) have a 401K or similar investment vehicle dependent upon corporate profits and stock market performance”

As to the challenging Republican party’s platform, Mr. Goldfarb commented:

• “The platform is the inverse of what has actually worked to stimulate economic growth

• The recommended platform tax policy is bad for velocity, and will stagnate the economy

• Repealing the Affordable Care Act (Obamacare) will have a negative economic impact because it will force non-wealthy individuals to spend a higher percentage of income on health care rather than expansionary products and services

• Economic disaster happens in America when wealth is concentrated at the top, and we are at an all time high for wealth concentration.  There is nothing in the platform which addresses this issue.”

There are a lot of reasons to select the party for which you wish to vote.  There is more to America than the economy.  But, if you think like the Democrats did in 1992 and “it’s about the economy” then you owe it to yourself to read this book.  It may challenge your conventional wisdom as it presents – like Joe Friday said – “just the facts.” 

A First Taste of the Coffee Industry

A new adventure starts Friday morning when we leave Nashville, headed for Amsterdam.  A busy first weekend includes a train trip to Brussels to Saturday.  The NIBS competition kicks off with a welcome banquet Sunday night.  Much to be excited about!

I'm scrambling to get next week's assignments into my professors' inboxes tonight before I leave -- the last thing I want to worry about is trying to connect to the internet in a foreign country while under pressure to get my work in on time.

Now about this trip...

We just had our pre-departure briefing for Guatemala this morning.  It was so neat to have Bob Bernstein, owner of beloved Belmont Blvd coffee shop Bongo Java, tell us about his experience starting a fair trade coffee cooperative several years ago to buy coffee directly from small-scale farmers -- although he doesn't use the term "fair trade" anymore because "it's been bastardized," as he puts it.  Most people refer only to price when talking about fair trade requirements, but it's so much more than that, says Bob.

Bob has a lot of thought-provoking ideas and experiences to share with us, especially in regards to responsible sourcing for coffee sellers, so you'll read more about this as I think about our discussion throughout the trip. What really caught me off guard, though, was this: Of all the coffee-growing and -producing communities Bob has visited during his travels, Ethiopia is the only coffee-drinking community. In all of the other coffee-growing communities, the bean might be the region's biggest economic driver, but it's final product is not enjoyed there.  

Some of the reasons coffee isn't so popular -- or good-tasting -- in Guatemala?  Uneven and inconsistent roasting, and the inability to get water hot enough for a good-quality brew present major challenges. And of course all the best coffee gets exported, so what stays in Guatemala is definitely not the cream of the crop. Bob's cooperative is now working to help coffee farmers in Guatemala improve their equipment so that they can taste their coffee. 

I can't wait to explore Guatemala and experience the entire tree-to-bean-to-latte process!

In other news: I was honored to be nominated by my peers to Belmont's Homecoming Court last week, and even though I wasn't crowned Homecoming Queen, it was so much fun participating! (In fact, I didn't even know that we had a homecoming court in college, so the entire event was a surprise.) My friend Rami was also nominated, so here we are walking out on the court together at halftime of Belmont's Men's Basketball Homecoming game last Friday night!  

Photo courtesy Belmont University

Next Stop: Rotterdam, Netherlands

Almost exactly one year since I last visited Holland, I'll touch down once again in the flat, beautiful, windmill-dotted lowlands just three weeks from today.  My arrival in the Netherlands will mark the beginning of a multi-continental voyage sure to be filled with adventure, challenges, camaraderie, and memorable experiences.

In case you didn't hear...

Belmont University has a team that has qualified for the final round of the 2012 Network of International Business Schools (NIBS) Worldwide Case competition in Rotterdam, Netherlands.
College of Business Administration students Ayesha Ghaffar, Rami Nofal, Jordan Holt and Shirah Foy will compete at the Kralingse Zoom in Rotterdam from Feb. 26 to March 2. They are among the “10 best teams in the world”  who will face off at NIBS to come up with solutions for a strategic business problem. Each team will have four hours to prepare a case without outside help. Their presentations will be assessed by a jury of professional and academic experts.
This will be the second international business case competition for Belmont’s team, which previously participated in the Eighth Annual Center for International Business Education and Research Case Challenge in October.
Click here to read more on the 2012 NIBS Worldwide Case competition.

I have had the pleasure to work with one of my teammates, Rami Nofal, over the past few years as we've helped build up Belmont's International Business Society.  Rami is our team's macro-economic specialist, while Ayesha is the finance whiz, Jordan brings great marketing skills and creative thinking, and I'm the "pull it all together" person.  It's been so much fun working with all of them, and I'm so excited that our wonderful, always-encouraging faculty advisor, Dr. Marieta Velikova, will be accompanying us to the finals!

There is much more than scholarly activities on the itinerary - this is sure to be an amazing networking opportunity, filled with sightseeing, great conversations, myriad learning experiences, and international business exposure.  What a neat opportunity to participate in such a competition during my last semester!

Fathoming Amazon - an infographic

When Michael Hyatt blogged about the Amazon Empire earlier this week, I was flabbergasted.  I certainly love my Kindle, whom I've affectionately named Oscar, and get so excited about buying books and having them magically appear in Oscar's table of contents literally within seconds, but my personal satisfaction with this one product line is about as far as my ponderings on the company went.

Apparently a lot of people are big fans of Amazon just like me.
This infographic, compiled by FrugalDad, (and yes, "infographic" is a word), speaks for itself...

Source: Frugaldad.com

So, are you impressed?  Intimidated?  Do you think the Amazon Empire can last?

As someone who best absorbs and processes ideas, and conceptualizes new ones via graphic representations, I get so excited about quality infographics.  Here's an article on 3 Trends That Will Define the Future of Infographics.  I'm especially looking forward to the applications for real-time data visualization!

People's Republic of Beer

"How one man’s yeast research is propagating China’s craft beer culture"

I read an article about the proliferation of micro-brewing in China in Beer West magazine this afternoon while sipping a glass of Pinot Gris at Southern Oregon Brewing Company, our neighborhood brewery and taproom where my parents are regulars. Unfortunately S.O.B. doesn't offer any gluten-free beers, so I'm restricted to wine (but really, with a plethora of award-winning Southern Oregon wines at my fingertips, I can hardly complain).

Visiting with my Grandpa Rick at Southern Oregon Brewing Co.

What stood out to me most in this article about Yan Gao's new enterprise is his innovative solution to the obstacles posed by China's often hostile business climate, which can be especially unfriendly toward small businesses. Beer West's Emily Hutto writes,

"While microbreweries in the U.S. receive tax breaks if they're producing under a certain amount of beer, microbreweries in China must comply with macro-brewery laws, which dictate higher tax rates and expensive facility requirements that most small breweries can't afford. That is, unless they find a loophole.

Yan Gao inspecting yeast cultures in his lab.
photo by Bjoern Walter

In 2008, Gao opened Nanjing's first microbrewery, Oktoberfest Biotech Co.
While friends and imbibers recognize Oktoberfest as a fully-licensed production brewery, the state recognizes it as a yeast research firm. It's illegal for Chinese companies to dump their byproduct, in this case beer, so Gao drinks and sells it instead. 'I know how to deal with those dummies,' he says of the Chinese government. 'In order to grow yeast, we need to make beer. And in order to save the environment, we need to "recycle" the beer.'"

I love this nothing-will-stop-me entrepreneurial spirit and passion for his craft.

A 5th Grader's Solution to Inflation

I was on the phone with my mom last night, when Raam, my youngest brother, calls out,

"Hey Mom! Tell Shirah I know how to get rid of inflation...

                     ...Just wait a while, let the earth get more populated, and then more of the money will get used."

12 Reasons to Smile

1. It's the middle of October, and still 80 degrees in Nashville!  I'm soaking it in, and trying not to think about the Moscow winter ahead of me.

2. I've recently rediscovered Fido, the best coffee shop in Nashville.

Does Democracy Lead to Economic Growth, or Vice Versa?

I'm loving every minute of my International Business course this semester.  Both the professor and the textbook we're using are quality sources, and we've had some great class discussions.  Coming from an entrepreneurship point of view, it's been neat to see how the authors of the text approach entrepreneurship in the context of international trade and politics, and global economic growth and development.