TP Etiquette — The Definitive Word
Defending Against GMO Contamination
As if it’s not enough work to guard against genetically modified organisms invading your seed-stocks and fields. Now you have to defend against being sued by the source of the malevolent invaders.
Eighty-three family farmers, small and family owned seed businesses, and agricultural organizations challenging Monsanto’s patents on genetically modified seed recently filed papers in federal court defending their right to seek legal protection from the threat of being sued by Monsanto for patent infringement should they ever become contaminated by Monsanto’s genetically modified seed. The Public Patent Foundation (PUBPAT) represents the plaintiffs in the suit, titled Organic Seed Growers & Trade Association (OSGATA), et al. v. Monsanto and pending in the Southern District of New York.
“The money and political power of Wall Street has stolen America’s food system, bankrupted our farmers and ranchers, mined our soils, polluted our environment, wasted our precious water, and left us with expensive industrially produced food that makes us sick,” said Mike Callicrate who owns an independent cattle feedlot and a direct-to-consumer beef operation.
The Complaint sums up the organic farmer’s plight this way: As nontransgenic seed farmers and seed sellers, Plaintiffs already have to deal with the constant threat of transgenic seed contamination that could destroy their chosen livelihood. They should not also have to live with the threat of being sued for patent infringement should that travesty come to pass.
Aevia — Consider the Source
A Social Network Christmas
The World’s Best Nano Houses
Driven by a commitment to reduce energy consumption and built space, there’s a growing trend among the eco-conscious to build tiny homes. A new book, Nano House by Phyllis Richardson (Thames & Hudson), gathers 40 of the best-designed examples from around the world–all of which showcase an appreciation for the efficient use of space, materials, and resources.
Wall Street Analysts Have Outsourced Their Brains.
There is a short-sighted methodology for calculating the Internal Rate of Return (IRR) on an investment. It causes some investors to focus on smaller and smaller wins. If something doesn’t pay off for years, the IRR is so unattractive that the addled investor will focus capital on shorter and shorter term wins.
The other myopic view is called RONA. It is the rate of return on net assets. It sometimes causes companies to reduce the denominator through a reduction of assets. The “thinking” is: The fewer the assets, the higher the RONA.
Profitability is often measured by these ratios. The financial services industry has sought to simplify its practices through describing profitability by a ratio so that it can be compared across different industries. It effectively ‘neutralizes’ the measures so that they may be applied across sectors to every firm.
“You Americans measure profitability by a ratio. There’s a problem with that. No banks accept deposits denominated in ratios. The way we measure profitability is in ‘tons of money’. You use the return on assets ratio if cash is scarce. But if there is actually a lot of cash, then that is causing you to economize on something that is abundant.” — Morris Chang (Chairman and Founder of TSM)
The calculation of the IRR and RONA, based on a narrow view of costs and benefits, discounts long-term implications that include:
- The cost of the knowledge that is being lost, possibly forever.
- The cost of being unable to innovate in future, because critical knowledge has been lost.
- The consequent cost of business being captured by emerging competitors that can make a better product at lower cost.
- The missed opportunity of profits that could be made from innovations based on knowledge that was given away.
Throughput Accounting
Throughput Accounting (TA) improves profit performance with better management decisions by using measurements that more closely reflect the effect of decisions on three critical monetary variables (throughput, investment (AKA inventory), and operating expense. It is thus part of the management accountants’ toolkit, ensuring efficiency where it matters as well as the overall effectiveness of the organization.
TA is the only management accounting methodology that considers constraints as factors limiting the performance of organizations. It is the business intelligence used for maximizing profits. In contrast to cost accounting that primarily focuses on ‘cutting costs’ and reducing expenses to make a profit, TA focuses on the speed or rate at which throughput is generated by products and services with respect to an organization’s constraint, whether the constraint is internal or external to the organization.
Throughput Accounting is a principle-based and comprehensive management accounting approach that provides managers with decision support information for enterprise profitability improvement. TA is relatively new in management accounting. It is an approach that identifies factors that limit an organization from reaching its goal, and then focuses on simple measures that drive behavior in key areas towards reaching organizational goals.
Aevia — Consider the Source
The Decline of Manufacturing — A Chain Reaction
“Once manufacturing is outsourced, process-engineering expertise can’t be maintained, since it depends on daily interactions with manufacturing. Without process-engineering capabilities, companies find it increasingly difficult to conduct advanced research on next-generation process technologies. Without the ability to develop such new processes, they find they can no longer develop new products. In the long term, then, an economy that lacks an infrastructure for advanced process engineering and manufacturing will lose its ability to innovate.” — Pisano and Shih
Aevia — Consider the Source
To Be Thankful
We can be thankful to a friend for a few acres, or a little money; and yet for the freedom and command of the whole earth, and for the great benefits of our being, our life, health, and reason, we look upon ourselves as under no obligation. — Lucius Annaeus Seneca
Deep Abiding Devotion
© 2011 The Aevia Charitable Trust — Robert H. Kalk – Lead Trustee
As the Magnet Finds the Iron
The unthankful heart… discovers no mercies; but let the thankful heart sweep through the day and, as the magnet finds the iron, so it will find, in every hour, some heavenly blessings! — Henry Ward Beecher
Deep Abiding Devotion
© 2011 The Aevia Charitable Trust — Robert H. Kalk – Lead Trustee
The Thankful Receiver
The thankful receiver bears a plentiful harvest. — William Blake