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Keyword: peterprinciple

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  • Here's Who Hillary Clinton May Make Treasury Secretary [Lael Brainard]

    09/30/2016 2:00:48 PM PDT · by kiryandil · 8 replies
    Fortune Magazine ^ | July 28, 2016 | Dan Primack
    This article is from July 2016. :) Wait for it...
  • The Basic Laws of Human Stupidity

    09/15/2016 7:43:18 PM PDT · by MtnClimber · 25 replies
    Real Clear Science ^ | Ross Pomeroy
    In the early 1600s, pioneering astronomer Johannes Kepler put forth his three laws of planetary motion, which, for the first time, provided an accurate and evidence-based description of the movement of the Solar System's planets around the Sun. By the end of the century, Isaac Newton followed Kepler's example with three laws of his own, describing the relationship between an object and the forces acting on it, thus laying the foundations for classical mechanics. Almost exactly three hundred years later, Carlo M. Cipolla, a professor of economic history at the University of California - Berkeley, introduced a set of laws...
  • Abedin admits Clinton ‘couldn’t do her job’ right with private server

    06/30/2016 6:29:34 AM PDT · by COUNTrecount · 47 replies
    NY POST ^ | June 30, 2016 | Bob Fredericks
    Hillary Clinton’s most trusted ally was worried about her boss’ use of a private email server after Clinton missed an important phone meeting with a “foreign minister” because her email confirming the call went to her spam folder, according to documents released Wednesday. “She missed the call because . . . I never got the email giving us the signoff to do it [the meeting]. So she wasn’t able to do her job, do what she needed to do,” Huma Abedin testified Tuesday during a deposition in a lawsuit filed by a government watchdog. Abedin, Clinton’s top aide when she...
  • DC mayor apologizes for city's snow response

    01/21/2016 12:47:51 PM PST · by RummyChick · 19 replies
    The Hill ^ | 1/21 | byrnes
    Washington, D.C., Mayor Muriel Bowser apologized Thursday morning for the city's handling of a mild snowfall the previous night that snarled traffic. "We should have been out earlier with more resources," Bowser told reporters during a press conference, stressing that officials have been preparing for the weekend storm. In a tweet, Bowser expressed sorrow, saying "the District failed to deploy the necessary resources in response to the snow" on Thursday evening and "for that I am sorry." "We are sorry for an inadequate response," Bowser told reporters at the news conference. Residents reported major delays in their commute home as...
  • Team Bush Has Little to Show for $20 Million Spent on TV Ads (Mike Murphy squanders donor $$$)

    11/19/2015 6:28:37 AM PST · by jimbo123 · 20 replies
    NBC News ^ | 11/18/15 | MARK MURRAY
    Jeb Bush and his allies have now spent approximately $20 million in TV ads in the 2016 presidential race - more than twice as much as any other candidate or outside group, according to ad-spending data from NBC News partner SMG Delta. And they have little to show for it, will poll numbers for Bush currently stuck in the single digits both nationally and in the early states. The pro-Bush Super PAC, Right to Rise, has spent $19.5 million in TV ads in Iowa, New Hampshire and South Carolina, while the campaign has spent an additional $438,000.
  • Obama defeated by his own bureaucracy

    05/30/2014 11:52:30 AM PDT · by Oldeconomybuyer · 47 replies
    CNN ^ | May 30, 2014 | By Gloria Borger, CNN Chief Political Analyst
    When Barack Obama was a newbie president, there was no shortage of ambition or lack of confidence in the government he was about to lead. Government should be seen as a force for good, not evil. Sure, he told us, it needed to be "smarter and better," but that could—and would—happen under his watch. Instead, the President is living his own version of "Alice Through the Looking Glass": staring down a rabbit hole of government bureaucracy and inefficiency. The government he has studiously tried to grow, manage and change has become his own personal nemesis. All of which makes you...
  • It Turns Out That The Smartest People Do Run The US

    05/01/2014 7:17:25 AM PDT · by SeekAndFind · 35 replies
    Business Insider ^ | 05/01/2014 | JONATHAN WAI
    Does IQ correlate with power? How many powerful people in the U.S. are actually geniuses, and how much does intelligence really affect success? In one of my research papers published last year, Investigating America's Elite, I set out to address these questions. I collected data on some key groups that greatly influence society: Fortune 500 CEOs, billionaires, federal judges, Senators, and House members. Individuals were deemed to be in the top 1% of ability if they attended an undergraduate or graduate school that had extremely high average standardized test scores that put the typical person well within the top 1%....
  • ATF agents lost track of dozens of their own guns, reports show

    02/26/2014 5:13:59 AM PST · by rellimpank · 14 replies
    Milwaukee J-S ^ | 26 feb 2014 | John Diedrich and Raquel Rutledge
    A Journal Sentinel investigation uncovered mistakes and failures in an undercover sting in Milwaukee's Riverwest neighborhood by the U.S. Bureau of Alcohol, Tobacco, Firearms and Explosives – stolen guns, sensitive documents lost, wrong people charged and a burglary of the sting storefront. ATF agents have lost track of dozens of government-issued guns, after stashing them under the front seats in their cars, in glove compartments or simply leaving them on top of their vehicles and driving away, according to internal reports from the past five years obtained by the Milwaukee Journal Sentinel. Agents left their guns behind in bathroom stalls,...
  • Judge Kreep Banished to Traffic Court

    10/12/2013 8:01:51 AM PDT · by BAW · 46 replies
    San Diego Union Tribune ^ | Oct 12, 2013 | Greg Moran
    San Diego Judge Gary Kreep, a conservative legal activist who led a failed fight to challenge President Obama’s citizenship, has been exiled to traffic court after several Superior Court rulings favoring defendants’ constitutional rights. Kreep, 63, was reassigned on Sept. 9 from the downtown San Diego courthouse to a Kearny Mesa facility that handles traffic offenses and small claims. The move came after prosecutors from the City Attorney’s Office began to boycott his courtroom over his legal approach. For instance, Kreep often declined to take away a defendant’s 4th Amendment rights against search and seizure — something prosecutors can legally...
  • Thrill is gone! Matthews slams Obama saying 'the steering wheel doesn't control the car anymore'

    05/16/2013 9:05:55 AM PDT · by Impala64ssa · 27 replies
    Video at link
  • AP sources: New Obama offer moves toward Boehner (another episode of 'As the Stomach Turns'?)

    12/17/2012 6:47:38 PM PST · by NormsRevenge · 36 replies ^ | 12/17/12 | David Espo and Jim Kuhnhenn | Associated Press
    WASHINGTON (AP) — President Barack Obama has agreed to curtail future cost-of-living increases for recipients of Social Security and softened his demand for higher taxes at upper income levels as part of accelerating negotiations with House Speaker John Boehner to avoid a "fiscal cliff," people familiar with the talks said Monday. Speaking a few hours after Obama and Boehner met at the White House, these people said the president was now seeking a higher tax rate beginning at incomes over $400,000, up from the levels of $200,000 for individuals and $250,000 for couples that were cornerstones of his successful campaign...
  • Larry Summers and the Peter Principle

    10/30/2011 2:48:02 PM PDT · by Kaslin · 11 replies ^ | October 30, 2011 | Mike Shedlock
    The absurd comment of the week goes to Larry Summer for his statements on the irony of the financial crisis. The central irony of financial crisis is that while it is caused by too much confidence, too much borrowing and lending and too much spending, it can only be resolved with more confidence, more borrowing and lending, and more spending. Most policy failures in the United States stem from a failure to appreciate this truism... Anyone who thinks the cure is the same as the disease (as Larry Summers clearly does) is incompetent (at best). I found the reference when...
  • Peter Principle Particulars: Pluchino Paper Perused

    10/12/2010 4:25:53 AM PDT · by mattstat · 5 replies
    One summary of the Peter Principle, named after psychologist Laurence J. Peters, is that “in a hierarchy every employee tends to rise to their level of incompetence.” Three Italian physicists—Pluchino, Rapisarda, and Garofalo—claim to have put proof to this puzzling problem. Today, we examine their paper, which is making the rounds, and has even won an Ig Nobel! Peter’s perplexing promotional principal runs like this: a vacancy in an organization appears, and somebody in that organization who had heretofore labored somewhere in the lower ranks is elevated to a new eminence. Peter assumes that when people are promoted they will...
  • Caption Janet Napolitano

    09/29/2010 9:52:25 AM PDT · by Lucky9teen · 40 replies · 2+ views
    Homeland Security Secretary Janet Napolitano (C) talks with Senator Joe Lieberman (L) and Senator Carl Levin after she testified before the Senate Homeland Security and Governmental Affairs Committee hearing on "Nine Years After 9/11: Confronting the Terrorist Threat to the Homeland" on Capitol Hill in Washington September 22, 2010. U.S. authorities are having a harder time detecting terrorism threats on American soil, top U.S. officials said on Wednesday, more than nine years after the Sept. 11 attacks thrust the United States into a global struggle with Islamist militancy.
  • You Don't Want Him in a Foxhole with You (The Won)

    06/07/2010 2:41:06 PM PDT · by 2ndDivisionVet · 52 replies · 181+ views
    Commentary Magazine ^ | June 7, 2010 | Jennifer Rubin
    Juan Williams — to the amazement of some of his co-panelists — let it rip on Fox News Sunday [1]. The subject was nominally the Sestak and Romanoff scandals, but Williams found the bigger theme: I think the problem here is this is an administration that, as Hillary Clinton famously pointed out, you may not want to have answer the 3:00 a.m. call. These are guys who have tremendous vision about legislative achievements and specific things like health care, going forward on immigration, those difficult issues for America that America so far has failed to deal with. But when it...
  • Obama's happiness deficit (big whiner, ends mtgs early for BB)

    03/16/2010 5:33:00 AM PDT · by PghBaldy · 37 replies · 1,163+ views
    Washington Post ^ | March 15 | Fred Hiatt
    Here's a theory about why President Obama is having a tough political time right now: He doesn't seem all that happy being president. ...I started thinking about this a few weeks ago when Obama confidant David Axelrod, noting that the president always makes time for his daughters' recitals and soccer games, told the New York Times, "I think that's part of how he sustains himself through all this." Really? Is the presidency something to sustain yourself through? He did ask for this job; we didn't make him take it. And so it seems fair to ask: What part of it...
  • Old and Busted: DHS Chief Napolitano. New and Frightening: Supreme Court Justice Napolitano

    05/04/2009 10:29:19 AM PDT · by JDAM2007 · 12 replies · 856+ views
    Justice Napolitano? The homeland security secretary might just like the ring of it. Janet Napolitano declined to rule out being interested in an appointment to the Supreme Court when she was asked on "FOX News Sunday" about speculation that she might be on the list of potential candidates to replace outgoing Justice David Souter. "I've got my hands full with the flu right now, and I'm just going to stick with that," she said. When host Chris Wallace told Napolitano, "That's a non-answer," she replied: "That's all you're gonna get."
  • Getting to know Bambi: Chicken Little

    01/06/2009 11:59:51 AM PST · by clyde_m · 5 replies · 280+ views
    Patriot Room ^ | January 6, 2009 | Clyde Middleton
    Trillion-dollar deficit? First, I am doubtful when the Old Grey Prostitute tells us about fighting off Great Depression v2.0. That suggests to me that when it does not come, they can bless Bambi for the protection. By setting the mark so high, they set themselves up for kissing the ring of the savior (and asking us to join).
  • Schools Led by Obama's Education Secretary Designee Failed No-Child-Left-Behind Standard Every Year

    12/31/2008 2:32:21 AM PST · by Man50D · 24 replies · 1,685+ views ^ | December 31, 2008 | Matt Hadro
    The Chicago Public Schools, whose superintendent, Arne Duncan, has been tapped by President-elect Barack Obama to be the next education secretary, failed to meet the Illinois state standards set under the No Child Left Behind Act every single year the standards have been in force. For the last five school years (2004-2008), the Chicago district (District 299) failed to make “Adequate Yearly Progress” (AYP) in key areas, according to the district’s progress report on the Illinois State Board of Education Web site. Under the No Child Left Behind Act that Congress passed in 2003, each state must “develop and implement...
  • Obama: Targeting Michelle Was Low GOP Blow [there is a Republican or rightwing -- media outlet...]

    11/03/2008 5:32:20 AM PST · by Sub-Driver · 41 replies · 1,216+ views
    Obama: Targeting Michelle Was Low GOP Blow Nov. 3, 2008(CBS) CBS Evening News anchor Katie Couric caught up with Barack Obama Sunday in Columbus, Ohio, and they sat down for an exclusive interview. Couric asked about reports that an Obama aunt from Kenya may be in the U.S. illegally. Couric also inquired, among other things, about the thing that made Obama the angriest as the campaign unfolded. Portions of the interview were shown on The Early Show Monday, and more will be broadcast in a special Monday edition of the CBS Evening News. Below is a transcript of the portion...
  • Lavish Payout, Perks for Failed Mortgage CEO (Jet Use, Country Club Dues and a Hefty Payout)

    01/13/2008 3:41:56 PM PST · by DogByte6RER · 18 replies · 736+ views
    ABC News ^ | Jan. 11, 2008 | DANIEL ARNALL
    Lavish Payout, Perks for Failed Mortgage CEO His Severance Package Includes Jet Use, Country Club Dues and a Hefty Payout By DANIEL ARNALL ABC NEWS Business Unit Jan. 11, 2008 — Angelo Mozilo, the co-founder and public face of troubled mortgage giant Countrywide, is eligible for tens if not hundreds of millions in compensation and perks on the sale of the company to Bank of America. During calendar 2006, the latest period available for review in Securities and Exchange Commission filings, Mozilo took home $48.1 million in compensation. An early analysis of SEC filings by the Los Angeles Times suggests...
  • Bad bosses get promoted, not punished

    08/03/2007 3:45:53 AM PDT · by TigerLikesRooster · 59 replies · 1,543+ views
    Interactive Investor ^ | 08/03/07 | Rachel Breitman
    Bad bosses get promoted, not punished Fri 03 Aug, 2007 04:32 By Rachel Breitman NEW YORK (Reuters) - How do people get ahead in the workplace? One way seems to be by making their subordinates miserable, according to a study released on Friday. In the study to be presented at a conference on management this weekend, almost two-thirds of the 240 participants in an online survey said the local workplace tyrant was either never censured or was promoted for domineering ways. "The fact that 64.2 percent of the respondents indicated that either nothing at all or something positive happened to...
  • Passport outrage: Official who caused the crisis set to be promoted

    06/28/2007 4:26:11 AM PDT · by Kaslin · 59 replies · 1,608+ views ^ | June28, 2007 | Joel Mowbray
    During a contentious Senate hearing last week, State Department consular chief Maura Harty took personal responsibility for the backlog of two million passport applications—leading to wait times of 12 weeks or more—that has wreaked havoc on honeymoons, family getaways, and business trips. She was hailed by many for her contrite performance. Unfortunately, though Harty was apologetic, she was not entirely honest. Not only that, the Senate did not learn the full extent of her personal culpability in creating the passport mess with a series of blunders. And on the heels of creating a backlog of two million passport applications and...
  • Video: Senator Frist: Liberal Heart Surgeon? Not!

    11/29/2006 9:09:56 AM PST · by RightSideRedux · 1 replies · 315+ views
    Right Side Redux ^ | 11/29/06 | Justin @ RSR
    This just in across the wires: NEWS ALERT from The Wall Street Journal Nov. 29, 2006 Leaving behind a Republican void in the South, Senate Majority Leader Bill Frist said he has put aside plans to run for the White House in 2008. In an interview, the Tennessee Republican said he wanted a "sabbatical from public life," suggesting the 54-year-old heart surgeon-turned-politician could very well return to politics in the future. For more information, see: Is John McCain next? Don't hold your breath. Anyway, thanks for your service Senator. Regardless of your surgeon skills to carve out bleeding hearts....
  • Playing by Our Own Rules: My Two Cents on Overdoing It

    04/08/2006 7:49:07 AM PDT · by Natty · 252+ views
    Spare Change | April 7, 2006 | Dave Aland
    Playing By Our Own Rules My Two Cents on Overdoing It By David J. Aland 7 April 2006 Homeowners Associations are a mixed blessing. On the face, they are governmental microcosms – Jeffersonian democracies in miniature; but they can also be a pain, albeit a necessary one. Essentially, all governments are a mutual agreement to limitations for the common good, but that only works when the governed agree to play by the very rules they have agreed upon. Recently, I watched a gentleman rant at a homeowners meeting, because his property had been cited for stained siding. As he spluttered...
  • When the command structure failed... Who's to blame? Katrina: Pointing Fingers

    09/07/2005 1:38:53 PM PDT · by EveningStar · 6 replies · 563+ views
    Jon Christian Ryter's Conservative World ^ | September 5, 2005 | Jon Christian Ryter
    Put a public school teacher in the governor's mansion and you'll have a pedagogue as the chief executive every time. It really doesn't matter how long she's in office, she'll always be a schoolmarm who's out of her element and in over her head—the Peter Principle epitomized. Unfortunately for the people of New Orleans, it took a crisis of cataclysmic proportions in which thousands of people suffered physical deprivation and emotional humiliation—and hundreds died before anyone realized that when you elect a follower as your leader, no one makes realistic plans for the crisis until a catastrophe occurs, and while...
  • Brown pushed from last job: Horse group: FEMA chief had to be asked to resign (Why FEMA Screwed Up)

    09/04/2005 8:43:56 AM PDT · by holyscroller · 60 replies · 1,708+ views
    Boston Business Today ^ | Saturday, September 3, 2005 | By Brett Arends
    The federal official in charge of the bungled New Orleans rescue was fired from his last private-sector job overseeing horse shows. And before joining the Federal Emergency Management Agency as a deputy director in 2001, GOP activist Mike Brown had no significant experience that would have qualified him for the position. The Oklahoman got the job through an old college friend who at the time was heading up FEMA. The agency, run by Brown since 2003, is now at the center of a growing fury over the handling of the New Orleans disaster. ``I look at FEMA and I shake...
  • Today's Free Trade is not about the Free Market

    08/01/2003 2:05:33 PM PDT · by Jeff Head · 382 replies · 1,496+ views
    JEFFHEAD.COM ^ | 08/01/2003 | Jeff Head
    TODAY'S FREE TRADE IS NOT ABOUT THE FREE MARKET We are in a very real battle in this nation and it is a battle for our heart and soul. It is spread out on many, many, foreign policy, work ethic (individually and societally), immigration, the economy, moral values...and the list goes on. Let's focus on the economy and one significant part of it...a major, growing part of it. Free Trade and foreign outsourcing. I was going to entitle this article..."I used to make something"...or..."We used to make something in this country". But, I thought better of it and realized...
  • The Raspberry Statement [Powerline reviews the anti-American(?) Pepsico speech, long but good]

    05/19/2005 10:06:28 AM PDT · by 68skylark · 12 replies · 690+ views
    Powerline Blog ^ | May 19, 2005 | Scott Johnson
    We have been inundated with messages responding to our posts on the graduation remarks by PepsiCo president Indra Nooyi at the Columbia Business School MBA recognition ceremony of this past Sunday. Many readers (approximately a third) have written to comment that, unlike our rapporteur -- graduating Columbia MBA Wes Martin -- they did not find Ms. Nooyi's remarks objectionable. I am grateful that PepsiCo posted the remarks today (together with the accompanying statement) and that we can all determine the issue for ourselves based on "the ocular proof." The Harvard-Yale game this year was played in Cambridge. Consistent with some...
  • On the slippery slope, beware those unintended consequences

    01/20/2003 11:26:43 AM PST · by FairWitness · 3 replies · 253+ views ^ | 1-20-03 | Dale Dauten (The Corporate Curmudgeon)
    <p>"For a list of all the ways that technology has failed to improve the quality of life, please press three."</p> <p>Twenty years ago, the majority of newly recruited executives failed. Now, thanks to two decades of evolving human-resources philosophy, research, testing and execution, the majority of newly recruited executives "leave to pursue other opportunities."</p>
  • The Peter Principle: why things always go wrong

    07/20/2002 8:53:56 AM PDT · by PeterPrinciple · 19 replies · 1,183+ views
    Amazon - Book Review ^ | 1969 | Dr. Laurence J. Peter and Raymond Hull
    The Peter Principle: In a hierarchy every employee tends to rise to his level of incompetence. The author provides an insightful analysis of why so many positions in so many organizations seem to be populated by employees who exhibit signs of incompetence which is a most disturbing since we all tend to all rise to our own level of incompetence. This concept is likely to be ignored by most senior managers and consultants since to admit it is to admit that we may also be at our own level incompetence. Ignorance is bliss? The end result is that non-growing companies...
  • The Peter Principle Proven

    07/20/2002 8:42:02 AM PDT · by PeterPrinciple · 148+ views
    Actuarial Review ^ | Volume 24, No. 3 / August 1997
    The Peter Principle Proven In case you've ever wondered why ignorance rises to the executive level, here is a simple explanation that is also a mathematical proof: Knowledge is Power. Time is Money. And, as every actuary (with some physics training) knows: Work ---------- = Power Time So, if Knowledge = Power and Time = Money then through simple substitutions, Work ---------- = Knowledge Money Solving for Money, we get: Work -------------- = Money Knowledge Thus, If Work is held constant as a positive number (no matter how small!) Money approaches infinity as Knowledge approaches zero. What this means is:...