news blog from Alva

Management Tip of the Day: Two ways to stop competing


“For many people, competing (and winning) is the easiest path to success. But, as the world becomes more complex, collaborating may be more important than competing.If competition is getting in the way of your success, try these two strategies:1. Trade places. Put yourself in the shoes of the person you would normally compete with. You can shadow them for a day or even do a more formal job rotation. The more you understand the view from the other side, the less inclined you’ll be to compete.2. Talk it out. Get together with your ‘competition’ to discuss ways you might be able to work together. This will help each of you become more invested in the other’s success.”- Today’s management tip was adapted from “Learning Not to Compete” by Ron Ashkenas.(For the full post, see: here)


Ford UAW contract ratification gains momentum


That is up from 54 percent in approval on Friday night and 51 percent in favor on Friday morning.There are about 41,000 unionized Ford workers. The vote continues at Ford’s U.S. plants through Tuesday.As of Saturday morning with 44 percent of the expected overall vote counted, there were 8,577 “yes” votes and 6,710 “no” votes, according to posting by the United Auto Workers Ford Department.General Motors Co’s 48,500 union workers, who have approved their contract already, get $11,500 at a minimum in bonuses, including a $5,000 signing bonus.At Chrysler Group LLC, the weakest of the Detroit Three automakers, guaranteed bonus payout is $5,750, including a signing bonus of $1,750.Chrysler’s 26,000 unionized workers will vote over the next two weeks on a tentative contract agreement reached by negotiators on Wednesday.Veteran Ford auto plant workers make $28.12 per hour, and will see no increase in base pay. They have not received a base pay raise since 2003. Skilled trades workers make several dollars per hour more.Wages for new hires that currently are about $15.50 per hour at Ford would rise to $19.28 per hour over the life of the contract.


Presidential hopeful Cain may get cash bump


Cain has jumped to the top of some opinion polls among Republicans looking to unseat Democratic President Barack Obama since a surprise win in a straw poll last month and stronger debate performances.He was second this week in a Reuters Ipsos poll and first in an NBC-Wall Street Journal poll.The former pizza executive, who has never held elective office, raised just $2 million in the second quarter, among the lowest of the major presidential aspirants. His newfound popularity and more media coverage will likely lead to a jump in donations in the third quarter, experts said.”Certainly with his higher media profile as well as his higher profile in the debates, he should see a bump in smaller contributions and maybe mid-sized contributions,” said Eric Ostermeier, a research associate who runs a popular politics blog for at the University of Minnesota.But experts say viable candidates need a mix of big and small donors to sustain a national campaign. Big donors provide the money to keep a campaign running and small ones are essential because they provide repeated donations over the long haul.Under U.S. election laws, individuals can only give a total of $5,000 directly to each candidate — split between the primary and the general election.Cain’s second-quarter report showed 54 percent of his donations coming in chunks of $200 or less, according to an analysis by the Campaign Finance Institute. Just 3 percent of his donors maxed out at the $2,500 giving level.STAYING POWER?It remains to be seen whether Cain can attract the big donors and whether he is building any type of national organization.”I’ll believe he has staying power when I see it,” said Dave Peterson, an Iowa State University political science professor. “National polls are worthless at this point when 48 states are paying no attention to the campaign at all and the two that are (IA and NH) aren’t really that focused yet either.”Peterson said Cain lacks what other candidates have — Mitt Romney’s and Rick Perry’s big players in the Republican establishment and a highly committed base of support, as Ron Paul has.Cain’s profile has steadily risen in the past month. His time speaking in debates has risen from about 8 percent — the lowest of all candidates in the first Florida debate — to about 12.5 percent in the New Hampshire debate this week, according to an analysis by Ostermeier.Cain also runs a political action committee, Hermanator PAC, which raised less than $220,000 in 2010 and has raised just $21,000 so far this election cycle, according to the Center for Responsive Politics.


China urges Obama administration, Congress to block yuan bill


“China urges the U.S. government, Congress and all quarters to resolutely oppose using domestic legislation to create a fuss about and put pressure on the renminbi exchange rate,” said Mao in comments on the ministry’s website (www.mfa.gov.cn).The “renminbi” is another name for China’s yuan currency.Many U.S. lawmakers, trade unions and manufacturing lobbies say China keeps down the value of its yuan currency to give its exports an unfair edge in global markets.The bill would allow the U.S. government to slap countervailing duties on goods from countries found to be subsidizing their exports by undervaluing their currencies.But before President Barack Obama could be forced to decide whether to sign the bill into law, it must first win approval from the House of Representatives, where key Republicans have indicated they dislike the tariff threat.