Form Your “Benefit Corporation” to Ward Off Hecklers?

Seven states have come up with or are ready to legislate the abiiity for companies to incorporate so-called “benefit corporations.”

These allow the governing board of directors to consider environmental and social goals while doing conventional business.

These objectives fly in the face of good business practice while being a good business citizen. After all, the primary function of any business is to make a profit by filling a consumer need, all the while providing jobs for workers at wages and benefits the company can afford, for its purpose and existence and its continued growth. It’s understood it will also be a good corporate citizen.

The “benefit corporation” hocus-pocus is to avoid hecklers and provide dubious public relations. (See the Earl J Weinreb NewsHole® comments.)

Uninformed Voters Hurt Themselves

Too many voters have no idea of the main issues that govern the way they vote.

The reason has to do with being lazy. They often make little effort to get down to the nitty-gritty of important issues.

And secondly, they depend too much on what they pick up from the inept and slanted media.

I can give many examples; my daily blogs and books, and website go into them. One example: The true unemployment rate of about 17% we never get. Much of the media repeats a fictitious number of about 8.5% that eliminates important statistics. (See the Earl J Weinreb NewsHole® comments.)

Venture Capital Success and Luck

There is a good reason why VC funding is so haphazard. The VC “experts” actually haven’t the foggiest idea of which entrepreneurs to select and fund. Those VCs who have made big money were often merely lucky; they also picked lots of losers.

The payoff for VCs is generally the ability to sell stock in the venture to others, even when there are no profits to be made.

Some deals have been referred to as legalized Ponzi schemes. (Earl J Weinreb NewsHole® comments.)

Venture Capital Success

Venture capital success s often a case of being lucky, or knowing the right people. However, you must have basic planning to get into the game. To ask for funds, a game plan or budgeting proposal is essential.

Incubators were a fad for a time, for very early stage venture funding. They proved a flop in the past. Incubators required lots of hand-holding for entrepreneurs. The problem was, too many students and teachers often had no ability at the required levels. The eventual dot com bubble showed how futile that effort was.

Angel capital is now used for early-stage startups, Classic venture capital is for the level after you generally have some vestige of business operations.

Getting VC funds is usually a sort of lottery, should you have no connections. Those who get funds generally have those, or have gotten funds for earlier ventures. (Earl J Weinreb NewsHole® comments.)

Rich and Poor Differences are Really Slighter Than You May Think

There is little difference between the way rich and middle class and even poor live despite huge disparity of earnings, The gap in earnings may be huge but when you look at their homes, vehicles and lifestyles, the differences are usually not as far apart as you may at first think.

There usually is so much you can spend each day at work or play for a full year, every year.

What drives folks to make as much as they do is psychology. The payoff they seek for achievement is ever higher. And also, the economic picture changes. TV revenue gives athletes more money. Big corporate deals give CEOs fortunes. (Earl J Weinreb NewsHole® comments.)

The More Important Unemployment Numbers

Forget the usual unemployment figures you get from the U.S. Dept. of Labor. There are more important statistics that the ones the media decides to put out each month.

Here are two: Labor Force Participation Rate and the Long-Term Unemployment figure.

They’re more important in many ways, both psychologically for the country as a whole, and in the households affected by the lack of jobs for those who want to work at a full-time, steady job.(See the (Earl J Weinreb NewsHole® comments.)

Real Discrimination in the Workplace?

Discrimination in the workplace cannot be determined by statistics. Yet it has become the absolute yardstick of determining bias. An error of government, and much of society, aided and abetted by the media.

Government ideas of disparate results in commerce is always said to be evidence of discrimination. Bureaucrats misconstrue what are supposed to be average results. But average numbers are no way of discovering discrimination. Too many factors affect such statistics, factors other that those that are created by discrimination. (Earl J Weinreb NewsHole® comments.)