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Share to Twitter Share to Linkedin Topline The Federal Aviation Administration issued a safety alert Wednesday urging airlines to evaluate their safety procedures and communications, after a series of potentially devastating near-misses at multiple airports this winter caused FAA officials to reassess the air travel system. Key Facts There have been six runway incidents since the start of the year, including close calls involving a departing plane at John F. Kennedy Airport in New York and another at Austin-Bergstrom Airport involving a plane that was landing (none of the incidents resulted in fatalities). The recent spate of close calls doesn’t reflect an increase in the number of incidents, but the FAA warned the “potential severity of these events is concerning.” The FAA urged airline directors and pilots to use “all available internal communication systems and have all flight crews familiarize themselves with the “risks associated with … [Read more...] about FAA Urges Airlines To Review Safety Procedures After String Of ‘Concerning’ Near-Misses

The world watched in shock as Credit Suisse, one of the most established global banking and financial services institutions, collapsed and was eventually acquired by UBS. I believe a significant factor in Credit Suisse’s downfall was its rigid stance on forcing staff to return to the office. This cautionary tale serves as a reminder for business leaders to adapt to the changing world of work and prioritize their workforce’s needs and preferences. The Iron Fist: Credit Suisse’s return to office policy In stark contrast to the growing trend of many companies embracing a flexible hybrid work approach, Credit Suisse took a more traditional approach, mandating that staff return to the office three days a week. According to one banker there, “they’re removing our flexibility, and it doesn’t feel great.” In May 2022, the bank’s leadership originally supported flexibility and hybrid work as evidenced by then-CEO Thomas Gottstein professing that a return to office was “not … [Read more...] about POV: How work arrangements played a part in the collapse of Credit Suisse and SVB

More hybrid and remote work has increased our written communication, via email, IMs, DMs, and texting. The problem with these types of correspondence is that nonverbal cues, such as facial expressions and inflection, are missing, and the underlying tone of the message has to be inferred by the recipient. Unfortunately, the human brain naturally skews toward the negative . Your message may come across as aggressive, condescending, or just plain rude, when that was never your intent. It can be tricky to gauge someone’s tone through an email or Slack message. The team at WordFinder by Your Dictionary studied emails and found some commonly used workplace jargon and terms come across as passive-aggressive in writing. Whether it’s intentional or not, using them can make others uncomfortable, create tension, or even jeopardize your job. These 10 phrases were rated as seeming the most passive-aggressive: Please advise Noted Friendly Reminder Will do Thanks in … [Read more...] about These are the top 10 most passive-aggressive phrases you’re probably using in email

Last summer, a friend of mine was about to leave on a trip for Mexico when she realized that her passport had expired. One round-trip flight and hundreds of dollars in fees later, and she got the expedited renewal before her trip. But the secondhand anxiety was enough for me to go immediately check my own passport. Expiration: April 2029. I should be good, right? For now, yes. But when—or maybe if, at this rate—2029 rolls around, I could be in exactly the same position as my friend. So, I created a calendar event called “1 year till passport expires” and set it for April 2028. A to-do list doesn’t do the trick for every task Yes, I could have added “renew passport” to my to-do list and set a deadline or a reminder. On many apps, I could have even hidden the task from view until it was time to do it. But do I really want a task that’s not coming up for another half a decade to live in my to-do list? No, I do not. I do have a personal to-do list (in Google … [Read more...] about Make this radical change to your to-do list

Whether it’s what to order for lunch or what to do next in your career, being a more efficient decision-maker can improve your productivity and your quality of life. Getting caught up in “analysis paralysis” wastes time, but making quick decisions can, too. “What happens when someone is faced with an issue or given a project is that they typically jump in; they confuse activity with impact,” says Christopher Frank, coauthor of Decisions Over Decimals: Striking the Balance Between Intuition and Information . “They start scheduling meetings, and emails start to fly. People chase the perfect decision, and that perfect decision doesn’t exist. You may get a good decision, a poor decision, or no decision at all.” Instead, Frank, who is vice president of global marketplace insights at American Express and an adjunct professor at Columbia University, says individuals and teams should approach the decision by asking one question first: What do I wish I knew? Determine the … [Read more...] about This simple question will help you make better decisions

Share to Twitter Share to Linkedin James Itkoff is the Director of Growth at Bad Birdie who leads all e-commerce acquisition efforts within the high-growth brand. Being a first mover sounds great, and in many respects, it is. You get to change the future of an industry, unlock something disruptive and potentially find a cash cow within a new or crowded industry. But on the other hand, being a first mover is a pressure cooker for founders and executives. The big guys are watching you, and the small brands want to be you. Every move is on grand display, so how can brands such as Bad Birdie continue to grow? They need to keep moving. The challenge here is that moving is much easier said than done. Is it possible to strike lightning in a bottle twice? Perhaps. But more realistically, for many brands, this movement is less of a discovery and more of an evolution. Small incremental tactical changes that lead to progress within a greater strategic goal … [Read more...] about The Fiduciary Duty Of A First Mover: Keep Moving

Share to Twitter Share to Linkedin Topline Amid growing global concern over the social media platform, TikTok CEO Shou Zi Chew will testify before the House Energy and Commerce Committee Thursday, where U.S. lawmakers are expected to question Chew over safety concerns for minors and preventing U.S. user data from foreign access. Key Facts In Chew’s first appearance before Congress, he’s expected to discuss the company’s privacy and data security practices, as well as the company’s relationship with the Chinese government, which has come under increased scrutiny in recent months. Prepared Remarks Chair Rodgers, Ranking Member Pallone, and Members of the Committee: Thank you for the opportunity to appear before you today to talk about TikTok and our mission to inspire creativity and bring joy to more than 1 billion people worldwide. I look forward to discussing what makes TikTok so special to the diverse audiences it serves, as well as our … [Read more...] about TikTok CEO Shou Zi Chew’s Prepared Comments Before Congress

Share to Twitter Share to Linkedin Aaron White is the CTO and Co-founder of Vendr. A serial entrepreneur, Aaron is based in Miami, Florida. A cyborg is defined as “a person whose physiological functioning is aided by or dependent upon a mechanical or electronic device.” Just like the cyborgs from sci-fi novels and films, a successful organization is made up of people aided by machines. As businesses shift more responsibility and production to the technology-led side of the equation, acquiring truly efficient software should take on the same importance as hiring good people. The High Cost Of Finding People Who Make A Difference While Layoffs.fyi tracked over 125,000 lost jobs in the tech space so far this year alone, it's estimated that turnover and replacement costs for an organization with 100 employees making an average of $50,000 can reach $2.6 million annually. An easier approach could be to empower and support the people already on … [Read more...] about Why A Company Is Like A Cyborg, Or The Importance Of Finding The Right People And Choosing The Right Technology

Share to Twitter Share to Linkedin When you unshackle 1.4 billion consumers who have been penned up at home for three years, it’s reasonable to expect some fireworks. For the residents of Mainland China, life under “zero COVID” policies was a dreary round of rolling travel restrictions and lockdowns – as if the United States was permanently stuck on a skipping record of the Spring of 2020. While most of the population was able to find a way to get back to work eventually, the everyday routines of travel, dining out, and visiting friends and family were severely curtailed. Wallets stayed snapped shut. Since China executed its “COVID pivot” in late December 2022, economists have been scrutinizing the data to see if the country will be able to achieve its goal of 5% growth in 2023. If achieved, China will serve as an engine to help developed economies avoid tipping into recession. This is particularly relevant in the new era of higher interest rates, … [Read more...] about Why China’s COVID Comeback Is Still In The Early Innings, With Upside Ahead

Share to Twitter Share to Linkedin U.S. Bancorp’s stock (NYSE: USB) has lost approximately 14% YTD as compared to the 4% rise in the S&P500 index over the same period. Further, the recent volatility in the stock price (down 20% over the last ten days) was due to the turmoil in the banking sector. Notably, the collapse of the Silicon Valley Bank, Signature Bank, and the Credit Suisse crisis has made investors cautious about banking stocks. Overall, USB is trading at the current price of $38 per share, which is 32% below its fair value of $55 – Trefis’ estimate for U.S. Bancorp’s valuation . The bank posted mixed results in the fourth quarter of 2022, with earnings beating the estimates but revenues missing the mark. It reported total revenues of $6.4 billion – up 12% y-o-y, primarily driven by a 37% jump in the net interest income, partially offset by a 19% decline in the non-interest revenues. While the NII benefited from the improvement in … [Read more...] about U.S. Bancorp Stock Is Undervalued