Entrepreneurship – Page 100 – artdiamondblog.com

Disney Stories Give Happiness to the Poor

(p. 1B) If the arts community had been blossoming in north Omaha when Adrienne Brown-Norman was growing up there in the 1960s and ’70s, she may never have moved to California and become a senior illustrator for Disney Publishing Worldwide.
. . .
“Of course, though, I would not ever have met Floyd.”
That would be her husband, Floyd Norman, the now-legendary first African-American artist at Walt Disney Studios.
Floyd Norman, 82, began working for Disney in 1956 and was named a Disney Legend in 2007.
. . .
The Normans recently collaborated with legendary songwriter Richard Sherman (“Mary (p. 5B) Poppins”) on a picture book called “A Kiss Goodnight.”
The book tells the story of how the young Walt Disney was enchanted by fireworks and subsequently chose to send all of his Magic Kingdom guests home with a special kiss goodnight of skyrockets bursting overhead.
. . .
Walt Disney later picked Norman to join the team writing the script for “The Jungle Book.” Disney had seen Norman’s gags posted around the office and recognized a talented storyteller.
“I didn’t think I was a writer, but the old man did,” Norman said. “Then I realized that maybe I am good at this.”
Norman named “The Jungle Book” as his favorite project, because he worked alongside Disney.
. . .
“What I learned from the old man was the technique of storytelling and what made a movie work,” Norman said.
“I had an amazing opportunity to learn from the master. If you were in the room with Walt, it was for a reason. There are a lot of people who wanted to be in that room but didn’t get an invitation.”
. . .
One day at the studio the Normans recall pausing to watch the filming of “Saving Mr. Banks,” the story of Disney’s quest to acquire the rights to film “Mary Poppins.” Norman had worked on the movie and was interested in seeing Tom Hanks’ portrayal of his old boss.
“Tom Hanks rushed from his trailer in full costume to meet Floyd, shouting, ‘Where is that famous animator?’ ” Brown-Norman said. “You don’t expect a man like Tom Hanks to come running up. Then Tom wouldn’t let us leave. He wanted to know more about Walt, and if he was getting it right.”
. . .
“What I enjoy is the love of Disney that made so many people happy,” [Floyd Norman] said. “Maybe they were poor. Maybe they were in a bad home, but they tell me Disney stories gave them an escape. They gave them happiness, and that’s what I like.”

For the full story, see:

Kevin Cole. “Legendary Animator Spread Love of Disney.” Omaha World-Herald (Mon., Aug. 7, 2017): 1B & 5B.
(Note: ellipses, and bracketed name, added.)
(Note: the online version of the story has the title “During Native Omaha Days, Disney’s Floyd Norman and Adrienne Brown-Norman reflect on careers.”)

The book mentioned above, co-authored by Sherman (and illustrated by the Normans), is:
Sherman, Richard, and Brittany Rubiano. A Kiss Goodnight. Glendale, CA: Disney Editions, 2017.

How to Use Dyslexia and ADHD to Become a Better Leader

(p. R7) Leading a company without using email, reading memos or going to endless meetings sounds like a pipe dream. But it’s a reality for Selim Bassoul, chief executive and chairman of Middleby Corp., the Elgin, Ill., kitchen-supply maker with such popular brands as Viking and Aga Rangemaster.
Mr. Bassoul, 60, has dyslexia and attention deficit hyperactivity disorder (ADHD), conditions that weren’t diagnosed during his childhood in Lebanon, when he initially struggled in school. Years later, when he was a graduate student at Northwestern University’s Kellogg School of Management, a professor suggested he get tested, he says.
. . .
WSJ: What are some ways that having dyslexia and ADHD affects your leadership style?
MR. BASSOUL: Dyslexia has forced me to be quite conceptual, because I’m not good with detail. I think in general rather than in specific [terms]. That allows me to step back and take in the big picture rather than get bogged down in details. Because of my weaknesses and handicaps, I’ve learned other ways to accomplish the same goal at faster speed.
As a dyslexic you have no choice but to rely on others for help with detail and tactical tasks. You become a great judge of character. You have to select the best team around you.
Then you have ADHD, which makes you restless but it can also be a huge motivator for action. It prompts you to go out of the office and into the field. You find yourself constantly on the front line. I don’t like to be confined to the office. I hate meetings. I am constantly visiting customers, our field offices, our manufacturing plants. I know the operations of my customers better than them, which helps create solutions for them prior to them knowing what they need.

For the full interview, see:
Rachel Emma Silverman, interviewer. “How a Chief Executive with Dyslexia and ADHD Runs His Company.” The Wall Street Journal (Weds., May 17, 2017): R7.
(Note: ellipses added. Bold and italics, in original. The italics question is from the WSJ interviewer.)
(Note: the online version of the interview has the date May 16, 2017, and has the title “How a CEO With Dyslexia and ADHD Runs His Company.”)

Walls and a Door Allow “a Quiet Place to Think”

(p. B6) The lofty building Jordan Hamad moved his tech-advisory firm into four years ago had the trappings of a startup idyll: open floor plan, polished concrete floors, custom-built communal tables.
Soon, the 33-year-old founder of Chairseven says he craved something else: walls and a door.
. . .
Now as he moves the company from Portland, Ore., to New York, Mr. Hamad has joined a cadre of bosses chucking the egalitarianism of working alongside their employees for the old-fashioned private office. Their open-office revolt, they say, is less about reclaiming the corner office than about needing a quiet place to think.
“People will say it’s so cool to have the CEO right next to you, but at the end of the day your team sometimes needs their space and you need yours,” says Mr. Hamad, who currently leases a private office for himself and co-working space for other staff. Other senior team members will soon get private office space, too, he says.
. . .
In a review of more than 100 studies of work environments, British researchers found that despite improving communication in some instances, open-office spaces hurt workers’ motivation and ability to focus.
. . .
“When you’re in a territory that’s clearly yours, you perform better,” says Sally Augustin, an environmental psychologist and principal at La Grange Park, Ill.-based consulting firm Design With Science.
. . .
Open offices are so popular among tech companies that when CircleCI’s founders moved the software-testing startup from an open space in San Francisco to one with 25 closed offices in 2014, it paid half the market rental rate, says co-founder Paul Biggar. In Silicon Valley, many people are “playing startup,” he says, emulating the open spaces of tech giants such as Google Inc.
In reality, he says, engineers need quiet places to concentrate–and so does he. “I love the private office,” he says.

For the full commentary, see:
Vanessa Fuhrmans. “Bosses Say they Want Their Offices Back.” The Wall Street Journal (Tues., May 23, 2017): B6.
(Note: ellipses added.)
(Note: the online version of the commentary has the date May 22, 2017, and has the title “CEOs Want Their Offices Back.” The following sentence, quoted above, appears in the online, but not the print, version of the article: “Other senior team members will soon get private office space, too, he says.”)

Silicon Valley “Oligarchs” Block Upward Mobility of Masses

Bill Gates, Jaron Lanier, Tim Berners-Lee, and others have suggested that a fairer system of information technology property rights would enable micropayments for intellectual content posted to blogs and Facebook. This also would allow upward mobility. The value of the intellectual contributions is currently being unfairly appropriated by mega-server companies such as Google and Facebook.

A different kind of socialism

The oligarchs of the Bay Area have a problem: They must square their progressive worldview with their enormous wealth. They certainly are not socialists in the traditional sense. They see their riches not as a result of class advantages, but rather as reflective of their meritocratic superiority. As former TechCrunch reporter Gregory Ferenstein has observed, they embrace massive inequality as both a given and a logical outcome of the new economy.

The nerd estate is definitely not stupid, and like rulers everywhere, they worry about a revolt of the masses, and even the unionization of their companies. Their gambit is to expand the welfare state to keep the hoi polloi in line. Many, including Mark Zuckerberg, now favor an income stipend that could prevent mass homelessness and malnutrition.

How socialism morphs into feudalism

Unlike its failed predecessor, this new, greener socialism seeks not to weaken, but rather to preserve, the emerging class structure. Brown and his acolytes have slowed upward mobility by environment restrictions that have cramped home production of all kinds, particularly the building of moderate-cost single-family homes on the periphery. All of this, at a time when millennials nationwide, contrary to the assertion of Brown’s “smart growth” allies, are beginning to buy cars, homes and move to the suburbs.

For the full commentary, see:

KOTKIN, Joel. “California’s Descent to Socialism.” Orange County Register, Posted: June 11, 2017. URL: http://www.ocregister.com/2017/06/11/californias-descent-to-socialism/
(Note: bold headings in original.)

Bezos Resurrects Washington Post Through High-Quality Journalism

(p. B1) As a private company since 2013, when the deep-pocketed Amazon founder Jeff Bezos bought it for $250 million, The Post doesn’t disclose much financial data. But by all visible measures, including the vital but hard-to-measure buzz factor, the resurrection of The Post, both editorially and financially, in less than four years has been little short of astonishing.
The Post has said that it was prof-(p. B4)itable last year — and not through cost-cutting. On the contrary, under the newsroom leadership of Martin Baron, the former editor of The Boston Globe memorably portrayed in the film “Spotlight,” The Post has gone on a hiring spree. It has hired hundreds of reporters and editors and has more than tripled its technology staff.
. . .
Scoops — and high-quality journalism more generally — are integral to The Post’s business model at a time when the future of digital journalism seemed to be veering toward the lowest common denominator of exploding watermelons and stupid pet tricks.
“Investigative reporting is absolutely critical to our business model,” Mr. Baron told me. “We add value. We tell people what they didn’t already know. We hold government and powerful people and institutions accountable. This cannot happen without financial support. We’re at the point where the public realizes that and is willing to step up and support that work by buying subscriptions.”

For the full story, see:
JAMES B. STEWART. “Common Sense; The Post’s Latest Bombshell: It’s Thriving in Digital News.” The New York Times (Sat., MAY 20, 2017): B1 & B4.
(Note: ellipsis added.)
(Note: the online version of the story has the date MAY 19, 2017, and has the title “Common Sense; Washington Post, Breaking News, Is Also Breaking New Ground.”)

“Gratuitously Stupid” Petunia Regulations

(p. A17) Sometimes government regulators do things that are not merely misguided but gratuitously stupid. A classic example came last month, when the U.S. Department of Agriculture called for the destruction of at least 13 varieties of petunias with striking hues. These plants don’t pose any danger to health or the natural environment. But because they were crafted with modern genetic-engineering techniques, technically they’re in violation of 30-year-old government regulations.
These petunias, first developed in the 1980s, were sold around the globe for years without incident. Then in 2015 a Finnish plant scientist noticed bright-orange petunias at a train station in Helsinki.
. . .
He tipped off Finnish regulators, who notified their counterparts in Europe and North America. Since no government had issued permits to sell these varieties, the result was a petunia purge. Untold numbers of beautiful and completely harmless flowers and seeds were destroyed.
. . .
If a researcher wants to perform a field trial with a regulated article such as the forbidden petunias, he must submit extensive paperwork to the Agriculture Department. After conducting tests for years at many sites, the developer can then submit a large dossier of data and request “deregulation” by the USDA for cultivation and sale.
These requirements make genetically engineered plants extraordinarily expensive to develop and test. On average, each costs about $136 million, according to Wendelyn Jones of DuPont Crop Protection. This probably is why the developers of the genetically engineered petunias never commercialized them legally. At around $5 for 5,000 seeds, there is no way to recover the regulatory costs.

For the full commentary, see:
Henry I. Miller. “Attack of the Killer Petunias; Harmless flowers are destroyed since they were genetically modified but not Washington-approved.” The Wall Street Journal (Tues., June 13, 2017): A17.
(Note: ellipses added.)
(Note: the online version of the commentary has the date June 12, 2017.)

Small, Obscure Firm Innovates to Keep Moore’s Law Alive

(p. B1) VELDHOVEN, the Netherlands– ASML Holding NV, a little-known company based next to corn fields here, may hold the answer to a question hanging over the global semiconductor industry: how to make chips do more while keeping them the same, compact size.
The industry’s past prowess has been codified into what’s been called Moore’s Law, named after an observation Intel Corp. co-founder Gordon Moore first made in 1965. He postulated that chip makers could double the number of transistors in–and boost the performance of–a typical microprocessor every two years.
Last year, though, Intel Chief Executive Brian Krzanich warned that after decades of incredible leaps, that timeline was slipping closer to every 2.5 years. Some in the industry feared the eventual death of Moore’s Law, a rule of thumb underpinning modern computing.
ASML believes its breakthrough technology can postpone the demise. “I’m not concerned yet about the next 10-plus years,” said Hans Meiling, who oversees ASML’s effort trying to solve this problem.
Many in the industry, including big backers like Intel itself and Samsung Electronics Co. , are hoping ASML can quicken the pace of innovation once again. With around 15,000 employees and €6.3 billion ($7.05 billion) in revenue last year, the company manufactures equipment that makes chips–specializing in a field called photolithography. Specifically, ASML uses light rays to essentially lay out billions of transistors–the brain cells of a chip–in a microprocessor.

For the full story, see:
Stu Woo and Maarten van Tartwijk. “Dutch Company Aims to Make Chips Do More.” The Wall Street Journal (Mon., Oct. 3, 2016): B1 & B5.
(Note: the online version of the story has the title “Can This Little-Known Chip Company Preserve Moore’s Law?”)

Level 3 Failed, In Spite of a Well-Executed, Plausible Business Plan

Source of graph: online version of the Omaha World-Herald article quoted and cited below.

(p. 1D) Thomas Dowd and hundreds of other Omahans soon will be digging out their Level 3 Communications Inc. stock records. • The reason: This week, Level 3 shareholders are voting to sell the company to Century Link Communications. • The sale marks the end of an investment saga that began 20 years ago with hopes of riches but ended with big losses for most shareholders, despite the efforts of some of Omaha’s biggest names in business. • “It was a very bad experience,” said Dowd, a retired attorney and former director of the Metropolitan Utilities District. “It’s just one purchase at a time, and you think everything’s going good and then, bam! Anyway, lesson learned.” • Although his loss was “substantial,” he said, it didn’t disrupt his lifestyle, and he figures he’s better off than shareholders who lost their retirement savings or other vital funds. He’s still a Level 3 shareholder and will get some cash and Century Link shares in the sale, which is scheduled for September [2017].

(p. 4D) But it works out to about $4.43 for shares he bought years ago, some of them costing more than $100.
. . .
On March 20, 2000, someone sold and someone bought Level 3 shares for $132.25, a price that made the company’s publicly traded stock worth nearly $20 billion. By 2002, the price had nearly collapsed, putting most shareholders into the red.
Level 3 might have an information highway, but its toll system wasn’t collecting enough to earn a profit. It was clear that the nation had a “bandwidth glut,” a huge overcapacity of fiber networks.
Level 3 had installed its network, at an eventual cost of $14 billion, and could cheaply add more lines by stringing extra cable through its conduits.
But others had built networks, too, and the demand for bandwidth wasn’t growing as Crowe had hoped. Researchers also found ways to send more data along existing fibers, meaning greater capacity along existing lines.
Most of the new fiber networks were unused, or “dark.” Only a fraction of fibers in the buried bundles were “lit” by the light waves that carried digital communications and brought in revenue for companies like Level 3.
The supply of fiber far outran the demand, and Level 3’s losses mounted, along with its stock price. Investors lost confidence that the company would begin making profits anytime soon. In fact, that didn’t happen until 2014.
. . .
Dowd, the retired attorney, said he held onto the shares because it didn’t seem worthwhile to sell at the lower prices and he figured someone would buy the company and he would get some of his money back.
“I always thought Walter Scott was going to pull a rabbit out of the hat,” he said. “He never did.”

For the full story, see:
STEVE JORDON. “END OF THE LINE FOR LEVEL 3; Omaha-born company, which laid fiber-optic cable, will cease to exist.” Omaha World-Herald (Sun., March 12, 2017): 1D & 4D.
(Note: ellipses added.)

Geoengineering for the Timid

(p. A15) In 2012, a man named Russ George, working with the Haida people of British Columbia, tried an experiment. From the back of a rusty fishing vessel he spread 120 tons of iron-rich dust on the surface of the North Pacific Ocean. The result was a bloom of plankton, visible by satellite–and a quadrupling of the salmon catch along the coast of the Northeast Pacific. This may or may not have been a coincidence, but it was the intended result.
. . .
Far from being thanked, Mr. George was pilloried for failing to get permission for this rogue “geoengineering” gesture. A second experiment by German scientists in the Antarctic Ocean was stopped by the German government under pressure from environmentalists. A United Nations treaty–the London Convention on the Prevention of Marine Pollution–was changed to forbid “any activity undertaken by humans with the principal intention of stimulating primary productivity in the oceans.” This seems a strangely defeatist prohibition, given that a more productive ocean would not only feed more people (and whales) but also sequester more carbon dioxide from the air, through photosynthesis by plankton, potentially providing a self-financing way to prevent possible future climate change.
. . .
. . . Mr. Biello is a writer from Scientific American and is impeccably sympathetic to the environmental movement. The result is a book that explores an intriguing topic but lacks a hard edge or even a clear message.
. . .
Just in the choice of stories to tell, though, the book leans toward the notion that the solution to our environmental challenges will come from technology, and in that sense it is most welcome. Technical fixes are anathema to many environmentalists, but it has been obvious for some time now that innovation and adaptation are the way we will reverse or cope with pollution, habitat loss and climate change. By contrast, a retreat to some golden age of simpler lives more dependent on organic and natural resources is neither possible nor likely to be good for nature: Seven billion people going back to nature would leave nature in a parlous state. The way we will save the planet is by high-tech invention and prosperity, not low-tech simplification and asceticism.

For the full review, see:
Matt Ridley. “BOOKSHELF; Ruling Over Our Dominion; We are living in the Anthropocene: an era when human beings have changed the planet in ways that will be obvious in the geological record.” The Wall Street Journal (Thurs., Nov. 17, 2016): A15.
(Note: ellipses added.)
(Note: the online version of the review has the date Nov. 16, 2016.)

The book under review, is:
Biello, David. The Unnatural World: The Race to Remake Civilization in Earth’s Newest Age. New York: Scribner, 2016.

Equal Opportunity Gene Innovation

(p. R4) Kian Sadeghi has postponed homework assignments, sports practice and all the other demands of being a 17-year-old high-school junior for today. On a Saturday afternoon, he is in a lab learning how to use Crispr-Cas9, a gene-editing technique that has electrified scientists around the world–. . .
. . .
Crispr-Cas9 is easier, faster and cheaper than previous gene-editing techniques.
. . .
A do-it-yourself Crispr kit with enough material to perform five experiments gene-editing the bacteria included in the package is available online for $150. Genspace, the Brooklyn, N.Y., community lab where Mr. Sadeghi is learning how to use Crispr to edit a gene in brewer’s yeast, charges $400 for four intensive sessions. More than 80 people have taken the classes since the lab started offering them last year.
. . .
In the workshop, if the participants correctly edit the gene in brewer’s yeast, the cells will turn red. In between the prep work, the classmates swap stories on why they are there. Many have personal Crispr projects in mind and want to learn the technique.
Kevin Wallenstein, a chemical engineer, takes a two-hour train ride to the lab from his home in Princeton, N.J. Crispr is a hobby for him, he says. He wants to eventually use it to edit a gene in an edible fruit that he prefers not to name, to restore it to its historical color. “I always wondered what it would look like,” he says.
At the workshop, Mr. Wallenstein shares his Crispr goal with Will Shindel, Genspace’s lab director. Mr. Shindel is enthusiastic; he has started his own Crispr project, a longtime dream to make a spicy tomato. Both men say they aren’t looking to commercialize their ideas–but they would like to eat what they create someday, if they get permission from the lab. “I’m doing it for fun,” Mr. Shindel says.
When Mr. Sadeghi first wanted to try Crispr, the teenager emailed 20 scientists asking if they would be willing to let him learn Crispr in their labs. Most didn’t respond; those that did turned him down. So he did a Google search and stumbled upon Genspace. When he shared the lead with his science teacher at the Berkeley Carroll School in Brooklyn, Essy Levy Sefchovich, she agreed to take the course with him.
When Mr. Shindel describes the steps of the experiment, Ms. Sefchovich takes notes. She is hoping to create a modified version of the yeast experiment so all her students can try Crispr in class.
Later, Mr. Sadeghi recounts that the hardest part of the day was handling the micropipette, the lab tool he used to mix small amounts of liquid. He says he still feels clumsy. Ms. Sefchovich reassures him he’ll get the hang of it; he just needs to practice.
“It’s like driving,” she tells him. “You learn the right feel.” Mr. Sadeghi doesn’t have his driver’s license yet. He figures he’ll do Crispr first.

For the full story, see:
Marcus, Amy Dockser. “JOURNAL REPORTS: HEALTH CARE; DIY Gene Editing: Fast, Cheap–and Worrisome; The Crispr technique lets amateurs enter a world that has been the exclusive domain of scientists.” The Wall Street Journal (Mon., Feb. 27, 2017): R4.
(Note: ellipses added.)
(Note: the online version of the story has the date Feb. 26, 2017.)

In Spite of Anxiety about Fatal Mistakes, Starzl Persevered

(p. A10) As he completed his medical training in the late 1950s, Thomas Starzl searched for a way to make his name in the annals of medicine. In an interview late in his life, he recalled asking himself: “What’s out there that needs development but looks impossible?”
The choice seemed obvious to him: transplanting organs.
He became the first surgeon to transplant a human liver successfully in 1967 and went on to do hundreds more, in dicey operations that could last as long as 20 hours. Tall, lean and cerebral, he pioneered drug therapies to fight the body’s rejection of foreign tissue. Though less famous than Christiaan Barnard, who in 1967 was the first to transplant a heart, Dr. Starzl was often called the “father of transplantation.”
. . .
In Miami, crime furnished more than enough gunshot wounds to train a young surgeon. He learned the arts of replacing blood vessels. In his spare time, he experimented on dogs, devised a technique for removing livers and began thinking about how to “install” new ones.
As his surgical skills improved, his anxieties about making potentially fatal mistakes worsened. “With growing concern, I came to believe that I was not emotionally equipped to be a surgeon or to deal with its brutality,” he wrote. “I did not like doing the one thing for which I had become uniquely qualified.” He also felt it was too late to turn back.

For the full obituary, see:
James R. Hagerty. “‘Father of Transplantation’ Defeated His Own Doubts.” The Wall Street Journal (Sat., MARCH 18, 2017): A10.
(Note: ellipsis added.)
(Note: the online version of the obituary has the date MARCH 17, 2017, and has the title “‘Father of Transplantation’ Defeated His Own Doubts and Fears.”)