GE and Corporate Taxes

GE made $14.2 billions last year, $5.1 billions in the US, and paid $0 in US taxes. This seems hardly fair.

Next time you have a nothing to do in a rainy weekend, get some annual reports from several Fortune 100 companies, those largest in the United States, and check how much taxes they each paid. You should find many of them pay zero, or much less than you would expect.

In China, the highest personal income tax bracket was 45%, far higher than the US. But many perks are not considered income. Many would then accept a lower salary and have company to pay for part of transportation, rent, kids education, and meals. In fact, for certain jobs, a percentage of salary can simply be deducted as business expenses and not taxed.

We are try to pay less taxes mad when others do not pay their “fair” share. If the laws allow it, why would anyone, or corporate, pay more than they need to. The legislators that we elected passed those laws for GE to exploit. Anyone who thinks GE is wrong just go file 1040EZ and forgo all itemized deductions on April 15th.

And I will be TurboTaxing and keep all tax savings to myself. Thank you very much.

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Yet Another Change Management Book

Management are suckers for Change Management techniques. We have been trained and brainwashed that the most important job we have is to be an agent for changes. Then there are consultants, Exec MBA programs, short courses, and books on this very subject: all shouting that change management is hard. In fact, there are statistics proving the over-whelming failure rate. This feels like the great American weight-loss initiative: a goal that will be certain to suck up lots of money and guaranteed to fail.

Is Change Management really the most important task for a manager? No. The far and beyond #1 job for any manager is to deliver to the planned objectives. By definition, a manager has a pool of resources under his or her command. Then there are those goals he or she must achieve. The goals will be unreasonable and beyond the capacity of his or her team. (Why bother if otherwise?) Those who did not fail get to advance to the next level. Yes, more daunting objectives with even thinner resources.

This is life, like everyone else. If you have sufficient resources, talents, and time, of course you can do it. The winning and losing are decided when you don’t. Hmm, if you don’t, how would you do it?

Think about it. There is really only one answer.

You need to do it differently: not by the book, not after you have secured the resources, and not by the proven and true methodology. Everybody knew how to do it that way. If you do the same, you be mediocre. You may not lose, but you will not win. That’s why Change Management becomes job #1.

This book gives some practical tips, and some not so practical ones. I recommend it as among the first books a new manager will read on change management. If you are already a seasoned one, skip it.

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Modern Software Engineers

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In the old days, software creation was intensively geeky. Myriad of minutiae required total concentration and focus to keep track in one’s head. One mishaps and the whole program crashes. It takes days to find that proverbial needle in the haystack: sometime a misplaced punctual mark or an extra character, else a subtle inconsistency in the logic or data format. End of the work day meant blurry eyes, sore shoulders, stiff neck, hunger, and mental exhaustion.

The concentration meant isolation: close the door, turn off the light, unplug the phone, get comfortable with the chair, and just submerge yourself into the code. A good software engineer will lose social skills and touch to the reality. As time progresses, the most talented became the most eccentric. We, the normal, tolerate them as we do weird scientists. They are the necessities of the modern society, but normal people need not play with them.

This changed around the Internet bubble time (1998~2001?), then again during the out-source craze (2004~2008). Heavy duty algorithm development is still cool, but large sum of money can be made by putting together a program with readily made modules and give it a nice skin to appeal to the mass. New tools enable amateurs to create software that looked professional, although with a crude engine. New generation of script languages encourage applets that glue together a system with many simple and single-function small programs that are easily doable by people with little or no formal programming trainings. Soon, some very serious software, such as the software behind this blog site, were done with one of those scripting languages.

Of course, those brilliant algorithm developers are still highly valued and respected. But the mainstream software engineers now thrive on communication and coordination skills and agility. They need to reach out to someone halfway across the world to understand how to interface with a module to get things done. If they try to create that module themselves, they will find the company losing the market, even with arguably better technologies.

Strangely, this blurs the lines between software engineer, engineering manager, and program manager. All of the sudden, everyone in this industry must be cross-trained for all three disciplines.

The famed Netflix competition add another twist to this topic. World-wide talents, one sponsored by AT&T, tried many approaches. It was not possible for Netflix to recruit those talents of the winning team with traditional in-house development. The entire effort would have costed Netflix far more than the $1m prize money. And the winning team demonstrated that global communication and coordination was no less important than their raw algorithm development skills.

Nerds these days are sociable and smart. These traits also give them high earning power. Isn’t that just cool!

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Pioneer Square

Pioneer Square is a must-visit for Seattle tourists. This historic downtown that is full of character and charm. The best way is to wander around on foot: check out stores and people, grab a bite or coffee occasionally. Try to schedule 10am to 3pm so that you can do a lazy lunch.

Begin at the corner of 1st Ave and Jackson and go east (away from the water) and check out the stores/galleries on Jackson. Proceed to 2nd Ave and check out Klondike Gold Rush Museum. This place is actually in a historical building and is a National Museum. Admission is free and it is worth about 20 minutes (but not more). Turn left at 2nd and find Waterfall Park at Main and 2nd. This is actually the birthplace of UPS. When you exit the Waterfall park, keep going on Main and you will find the Occidental Park. Those big totems are Seattle classics. The other side of Main has many interesting stores too.

This is probably time for break. If you are in the mood of coffee, go to Cafe Umbria near Jackson. If you want a snack, do Grand Central Cafe (behind an arch steel door). If you fancy something different, go New Orleans Creole. Il Terrazzo is a high-end Italian restaurant that you won’t regret the money.

After the meal, stroll to the corner of 1st and Yesler. There is no one location designated to be Pioneer Square. But if there was one, this will be it. Don’t miss the the steel terrace and street lights. They are antiques. There are also Chief Seattle’s bust and another totem. If you are in the mood, take the Seattle Underground Tour, a bit pricy but also entertaining.

Now go west and check out Seattle’s waterfront along Alaskan Way. There are many eateries. Elliott’s Oyster Bar will be a sure winner.

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Storm Front (The Dresden Files, Book 1)

“Any good fictions lately?” I asked Kid recently; she read 150 books a year, mostly fictions. “I liked the Dresten Files,” she replied. Hmm… So I checked. If Jim Butcher published a series of 8 books, the first one must sold quite well. Kindle retrieved the first two chapters in seconds. Few hours later, I bought the book. Last night, 4 days since, I stayed up way too late to gobble up the finish.

Storm Front, volume one of the Dresten Files, is a whodunit with a twist of wizardry. Harry Dresten, the protagonist, is an openly practicing wizard in Chicago. More precisely, he is a mortal wizard: a flesh and blood with some unique talents such as manipulate energies like storms or emotions. Like a mortal, he needs money to pay for foods, water, and shelter. For that, he does private investigation.

Mr. Dresten was no James Bond, more a clumsy Indiana Jones. He struggled to get anything: paying rent, getting fed, brewing potions, or, of course, keeping relationships. The plot was also Indiana Jones like — ever more difficult hurdles leading to the final movie-like climax. Most supporting characters are one-dimensional. I kept on hoping to get to know Murphy better, but Butcher created too many female characters and diluted her.

I enjoyed this book and can see the justification for sequels. This sub-genre is clever and should attract a large enough population. But I will pass for the rest of the series.

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Jane Lui

“Since you like Vienna Teng, you should check Jane Lui out,” someone sent me a note with an URL attached. It was a YouTube video on her singing Jailcard . “Interesting,” I thought. And I went to her website. The song is part of her new album Goodnight Company. What? I can download for free? OK then…

As long as you promise to Facebook or Twitter her, Jane Lui would let you download the whole album for free. After the download, you would have the opportunity to tips the artist. The suggested tips was $8.

The opening song Goodnight Company just skip into Jailcard. Essentially, these are the same song with two titles. By far, it is the best one in this album. Jane has a good voice but I think she is still looking for herself and more sponsorship. The second song is the famous folk song Edelweiss. I liked how she did it. At this point, I was ready to tips her.

The rest of the album were more practices/experiment than performance. I do appreciate an artist trying different styles and sounds. But she is a newbie and let’s see her doing one thing well first.

Go ahead and download. You may even like her enough to tips.

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Yummy

I am envious of Panda. They live such good lives.

(Pictures by Fred Zlotnick)

ChengDu Research Base of Giant Panda Breeding is essentially a zoo for only two species: Panda and Red Panda. I am, of course, saw many TV programs on this animal. But I did not realize how playful and, huh, contently lazy, they are. There were two cubs in a cage, they played with each other in a gentle way, rolling over each other, squeezing for toys or attention, and moving around casually. You just couldn’t hold back the smile watching them play.

One adult Panda came slowing toward us in a steady pace. Then, just like that, decided to lay down and take a quick nap. The crowd just burst into laughter. Then, obviously well rested, he proceeded to the destination: an area with a bunch of bamboo on the ground. Unexpectedly, as I thought all four-legged mammals would bow down to eat, he turned around and sat down. Human-like, he reached out and grab a bunch of bamboo, and started to garble those leaves like a kid would a chicken drumstick: holding it with a hand and never mind whatever dripping on the chest.

He was oblivious to those shutterbugs clicking and ate with such enjoyment that someone in the crowd said, “I am hungry.”

Done eating, he climbed up a platform nearby. He reached the top where there was a railing, put an arm over the railing, lied down, rest his head on that arm, and closed the eyes. “Awww…,” I want to snug up to him and take a nap.

Panda appeared to enjoy simple lives that all of us wish we could too: wake up, eat, nap, play around lazily, more naps, and repeat. Wouldn’t it be cool if we don’t need to worry all those complexity?

Oh, yes, I would have bamboo leaves for dinner please.

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Do you want to be a millionaire?

The Economist’s January 20th edition had a special report on the gap between the world’s rich and poor.

In the article, Credit Suisse estimated that 0.5% of the world population are millionaires (there are 24.2 millions of them): 16% of them inherited their wealth, 47% are entrepreneurs, and 23% simply saved themselves into the club. In this last category we hold our hopes. Enter the book The Millionaire Next Door. Most millionaires do not live the lifestyles of celebrity, mansion with servants, carefree spending, fine dining and wining, art collections, etc. They simply enjoy the assurance of financial security and go on with their frugality as always. They lived next door to you and drive an used Ford.

From the beginning of the man kind, societies came up with as many formula of distributing wealth (and power) as there were people who could read and write. Every one of those formula strive to be fair. They varied by the degree of sophistication, the costs of the re-distribution, and, most importantly, the amount of people who agreed (or disagreed) with the formula.

We knew there are now two main camps of those formula: one based on Karl Marx’s theories and the other on Adam Smith’s. There are really no pure forms left in this 21st century; they are all just new mixtures of different portions of socialism and capitalism. Asian countries had more chances to experiment: China tried total socialism, total free market (at Hong Kong), and now centrally administrated open market. The United States, for decades, played with taxation and social welfare systems.

For all these social experiments, the inequality worsens as societies progresses. Only few small countries managed to distribute their wealth more evenly. The chasm between the haves and have-nots are ever widening, despite all attempts to reverse that trend. Soon, there will be only the worst option left: wars.

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South Lake Union Park

Water views are best contrasted with something: setting sun, big rocks, beaches, skyscrapers, mountains, etc. It is almost always better to look landward, instead of outward, except for sunset. This is why lakes are more beautiful the ocean: there is usually something contrasting.

Lake Union Park gives you a nice vantage point. On this sunny but chilly day, we explore this park the first time. First there is this Center for Wooden Boats, a docking area for many boats. Since we are complete ignorant on this subject, they are quite interesting. There are different styles, sail configuration, and posh levels. Here you can also rent a boat or take a class on sailing.

The sight of all those rich people’s boats is humbling; there are all tourist events soliciting customers. Dog was crazy busy checking out every goose drops in the path. Then we stopped to watch the ducks. They would dive into the water and re-emerge no less than 20 feet away. There are rigs for all kinds of boating activities. Guess that’s what Lake Union is for.

There is a circular pond at roughly the center where people will play toy boats. Most of them are motorized boats of various kinds: tug boats, container boats, yachts, etc. A model sail boat caught my eyes. It is a boat-shaped wood block with two sails. A hand-held remote control works the sails and the rudder. This small boat crisscrossed the water gracefully and easily. The operator was clearly struggling. As we watched and chit-chatted, he even offered me the remote.

I declined. But thought of getting one myself.

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生死状

山东建筑大学说,学生自杀校方不负责任。这,真是啼笑皆非。

人死是大事,怎么死和为什么死,都要调查清楚。是谁的责任,谁就得负责。如果学生自杀是校方造成的,它就非负责不可。国家刑法的责任,是签不掉的。生死状有什么用。如果人与人间,真能签生死状。麦儿卖女就合法了,因为父母能代孩子行使法律权力。杀人犯有钱也可以买条命代死。这世界还有什么王法?

奇怪的是堂堂山东建筑大学。居然能拿出这怪招,不像是一方高等学府。现在闹上了China Daily,成了个世界级的笑话。有人要掉乌纱帽了。

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