The Herald Bulletin

Overnight Update

Local Business

December 20, 2013

'Big Joe' Clark: What I meant to say...

English is not only my chosen language but, like many Americans, it's my only language. We use the same words at home, work, and in conversation and, as I tell my daughters, words matter!

During World War II the saying was "Loose lips sink ships." Indeed. Today those loose lips have turned into insider trading and prison terms. My concern at this point is that when words are used they mean very different things to the varying audiences.

Bob Doll is an iconic money manager and a special friend of an organization that I am honored to serve. Doll shared his rationale that the reason for the economy being stronger is caused by our business world having moved from more of a fixed expense to a variable expense landscape.

Fixed to variable can have many connotations from financial adjustments to shipping dates. My mind immediately raced to the variable rates on financing and bonds because that is what I understand the most. Our minds will naturally go to where we are most comfortable and we will look at the lens of the economy through that mindset. Bob meant so much more than just expenses on loans.

Ed Breen is the ex-CEO of TYCO, the ‘good’ CEO, not the one sent to prison. At the same meeting, Breen went on to explain variable expenses in an entirely new way, sharing how things were outsourced to specialists when possible, part-time employees were used if feasible, and contract employees with shorter-term commitments were used for positions that would naturally vary in need or importance over time. This may or may not sound like a good thing for a workforce but it allowed their company to survive and protect the jobs of more than 200,000 employees through a very difficult time.

Text Only
Local Business
  • NWS- HB0731 - Elwood Band 2 Elwood band plans march to Emerald City Like toy soldiers on an imaginary battlefield, members of the Elwood Jr./ Sr. High School marching band stood poised for action, silhouetted against a dying sun Tuesday night.

    July 30, 2014 2 Photos

  • boynton, brandon photo Teen receives funding for business venture Brandon Boynton is moving forward with his business dreams, thanks in part to a local working capital loan and a fundraising campaign.

    July 30, 2014 1 Photo

  • Senior housing project advances If all the pieces fall into place within the next two weeks, construction on a new senior housing development could begin this fall.

    July 30, 2014

  • Roundabout bids higher than expected Bids for a planned facelift of the gateway into Anderson from Interstate 69 at Scatterfield Road came in considerably higher than the engineer’s estimate for the project.

    July 29, 2014

  • FEA - HB0729 - Senior Falls Aging safely in the comfort of her home Marilyn Moneyhun said being totally reliant on others is difficult. "Losing your independence is a shock to your system," Moneyhun, 84, said. "You are not in control anymore."

    July 29, 2014 1 Photo

  • NWS - HB0728 - business expansion CB Fabricating makes $2 million investment

    A local business founded in 2006 has invested $2 million in new equipment and a building expansion.

    July 29, 2014 1 Photo

  • Charo Boyd: 'My Social Security' simplifies your life So many people buzz through extremely busy and complicated schedules these days. A smartphone in one hand, a computer in front of you, and a digital task list that never seems to end. In addition, to complicate things just a little more, there’s another event you need to add to your list — National Simplify Your Life week.

    July 28, 2014

  • nws - hb0725 - colts - jc - 4.jpg Colts camp's impact: pricey or priceless?

    Football fever is here and the city is flooded with fans eager to catch a glimpse of a favorite player. But officials say they are unclear what kind of economic impact the Indianapolis Colts training camp has on the area.

    July 26, 2014 1 Photo

  • BIZ - HB0727 - Skill gap 2 Seeking a solution today, not tomorrow Tina Warner-Morton says she wants to open her own healthcare business because it is too difficult to work for an employer with unclear employee expectations.

    July 26, 2014 1 Photo

  • BIZ - HB0727 - Cathy Cupboard Biz Profile Business Profile: Cathy's Cupboard focuses on customer satisfaction Cathy McPhearson opened her first storefront in June, but this is not her first venture into business. “I have always wanted to have my own business,” she said. “The problem was finding what people like, but everyone seems to like candles.”

    July 26, 2014 1 Photo

Hyperlocal Search
Premier Guide
Find a business

Walking Fingers
Maps, Menus, Store hours, Coupons, and more...
Premier Guide