The Improvement of Time

How impressive is this post from the Art of Manliness !?

Manvotional: The Improvement of Time | The Art of Manliness

Time is precious in relation to the engagements of the day; in relation to the frightful loss of the past, requiring to be redeemed; in relation to its brief duration and rapid flight; and in its probationary relation to the future. It has been said, “Time is money.” It is more. It is truth, wisdom, virtue, heaven! It is a capital in which men are equal, though endowed with dissimilar fortunes. Its capacity and promise are yours. Its achievements are possible to you. Its hopes shine upon you. Spare moments are the golddust of time. And the poet has graphically said:

“Sands make the mountains, months make the year.”

Time steals from us imperceptibly in its spare moments, while perhaps jealously guarded in its allotted periods. But if we take care of the moments, the hours, days, weeks, will take care of themselves. The true use of time is a test of character, the pledge of greatness, the earnest of success. The improvement of the shortest intervals of business increases the taste and faculties for study, and promises intelligence and respect.

Assiduity and punctuality may attain success in professional, commercial, or mechanical pursuits, while negligence and procrastination entail failure and disgrace. Diligence in useful occupations precludes a thousand temptations to vice. Spare moments are the gaps through which they find readiest access to the soul. When not provided for by a judicious arrangement of time, they may commit you to spontaneous and casual engagements, and at length confirm these engagements in habits, and finally enslave and debase the soul in mere vagrancy of thought and passion.

The manner of using leisure time, then, is one of the most ominous differences in the habits of young men. As the Turks prize every scrap of paper they can gather, because the name of God may be written thereon, so do you prize every passing period, every moment, as fraught with priceless value, and radiant with golden promise.

Just now you were an infant, and sympathy was felt in your cry. But yesterday you were a child, and chided for your faults. To-day you are a youth, projecting the plans, and glowing with the aspirations of a glorious life. Improve the time, and to-morrow you may be a philosopher, or statesman, or divine, or citizen, honored for your wisdom, or goodness, or virtue.

SEB's favorite iPhone apps


A friend asked for my favorite iPhone apps, and with thanks to Justin's Dad for the quote, here they are. I use all of them on a pretty regular basis.
  • Facebook
  • Foursquare
  • Ping!
  • Tweetie
  • NY Times
  • WSJ
  • PDANet
  • Starbucks
  • Expensify
  • ESPN Score Center and FFL09
  • USAA
  • Guinness Pub Finder
  • Dragon's Lair
  • Hootsuite
  • aSleep
  • CheckPlease
  • Bump
  • RateMyPuppy
  • AAA Discounts
  • Evernote
  • OpenTable
  • SoundHound
  • Yelp
  • C25K
  • VoiceMemos
  • Dragon Dictation
  • TFLN (Texts From Last Night)
  • Chipotle
  • Amp Up B4 U Score (no longer available)
  • YouVersion Bible
Stephen Bates
T  +1 202 730-9760
E   stephen.bates@alum.villanova.edu

Commentary on WSJ: The Tom DeLay Democrats

A colleague shared this article from the WSJ this morning.  Here's the question that came to mind.

What is the greatest priority here?
  1. Passing a healthcare reform bill prior to the State of the Union, regardless of circumstances?
  2. Keeping one's promise for open transparency of bill reconciliation ala C-Span, even if it means risking passage of the bill.


 
 

Sent to you by SEB via Google Reader:

 
 

via WSJ.com: Opinion on 1/5/10

So much for the President's pledge of C-Span transparency.

 
 

lovely pieces in 19 Dec Economist

img191.jpg

It is no secret that I'm a huge fan of the Economist.  Both in print and audio, it is the weekly newspaper that I never miss.

A recent flight to New Orleans gave me time to savor the double Christmas edition, dated 19 Dec 09, and I thought I'd share a few worthy reads, notably absent of finance and economics.  I do share Schumpeter, however, since business and management crosses almost every organization and entity.
vrsb

A Former Investment Banking Analyst Falls Back on Plan B.

A FORMER INVESTMENT BANKER ANALYST FALLS BACK ON PLAN B.

BY HELEN COSTER

- - - -

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1. Explain why you want to attend law school.

I want to attend law school because I want to make a difference in the world. My desire to attend law school has nothing to do with the fact that I was recently fired from my job as an analyst at an investment bank, where I worked in the mergers and acquisitions group. Since January, I've worked on approximately one merger, zero acquisitions, have played Spider Solitaire 434 times and updated my Facebook status, on average, five times a day. My 401K is down 45 percent. All three of my roommates — Teddy, Whit, and Dan (The Man) McGregor — have lost their jobs and are moving back home with their parents. (I feel most sorry for Whit, who's from Cleveland.) I have $350 in savings, which may seem strange because I've been making, with bonus, at least $100,000 a year since graduating from college four years ago (in "Boston." OK ... Harvard.). But New York is expensive. Drinks cost $15. My Hamptons summer share (which was a valuable networking tool) put me back $15,000 last year. This is a long way of saying that law is a tool to promote equality, and to help create a just society. These have always been my goals in life.

2. Explain your greatest achievement.

To outsiders, it may appear that I have achieved many things in life. I was the valedictorian of my high school class and an All-American soccer player. In college I was the president of my finals club and got recruited to join one of the most prestigious banks on Wall Street. Many beautiful women would like to date me. But these accomplishments mean nothing compared to one that really matters to me: In a world filled with greed and materialism, I live a life of integrity. My integrity is one of the reasons why I was on track to become the youngest-ever partner in the history of my investment bank, but then the economy vaporized and so did that plan. If there's an empty seat at a Rangers' game, and it's better than the seat I bought, I'll sit in mine anyway. If I accidentally receive mail that's addressed to someone else, I leave it—unopened—in the mailroom. I never cheat in golf. These are the qualities that will matter when I fulfill my dream of fighting for the legal rights of immigrants.

3. Explain you biggest mistake and what you learned from it.

As I think Chief Justice Ginsburg once said, "If you don't make mistakes, you're not trying hard enough." My greatest mistake occurred in 2004, when a few of my college friends were trying to launch their web site and asked me to come work with them. They were living in Silicon Valley, and there were only two of them at the time, and I was looking at a six-figure bonus at my banking job and in no rush to leave that or New York. Plus, I liked the security of working for a big financial institution. I like to wear ties, and I like car service home when I work past 9:00 PM. I like going to steak dinners after we close a deal, even though we haven't closed a deal since January 2008. I like having an assistant, and I like carrying around a gym bag that's embroidered with the name of my bank. The decision to stay at my job did not feel like a mistake at the time, but it does now, since my friends' start-up has 120 million unique users, including, I think, my mother, and is this little thing called Facebook. Right now I have no car service, no assistant, no use for my ties, and no paycheck. So in hindsight, becoming the third employee at Facebook doesn't seem like a bad idea. I believe, though, that this mistake presented an opportunity to explore my passion, which is drafting the constitutions of post-conflict countries.

4. Where do you see yourself in ten years?

In ten years I would like to be a successful entrepreneur, a managing partner at an investment bank, or a legal aid lawyer working on behalf of indigent clients. Even though I have no use for material things, I would like to have the option of retiring by the time I'm 45. I believe that law school is a tool to help me realize my goals, as well as an acceptable way to wait out the recession without having to work in retail.

Times are tough, and he's not even down to his last 400M

In House, Many Spoke With One Voice - Lobbyists’ - NYTimes.com

November 15, 2009

In House, Many Spoke With One Voice: Lobbyists’

WASHINGTON — In the official record of the historic House debate on overhauling health care, the speeches of many lawmakers echo with similarities. Often, that was no accident.

Statements by more than a dozen lawmakers were ghostwritten, in whole or in part, by Washington lobbyists working for Genentech, one of the world’s largest biotechnology companies.

E-mail messages obtained by The New York Times show that the lobbyists drafted one statement for Democrats and another for Republicans.

The lobbyists, employed by Genentech and by two Washington law firms, were remarkably successful in getting the statements printed in the Congressional Record under the names of different members of Congress.

Genentech, a subsidiary of the Swiss drug giant Roche, estimates that 42 House members picked up some of its talking points — 22 Republicans and 20 Democrats, an unusual bipartisan coup for lobbyists.

In an interview, Representative Bill Pascrell Jr., Democrat of New Jersey, said: “I regret that the language was the same. I did not know it was.” He said he got his statement from his staff and “did not know where they got the information from.”

Members of Congress submit statements for publication in the Congressional Record all the time, often with a decorous request to “revise and extend my remarks.” It is unusual for so many revisions and extensions to match up word for word. It is even more unusual to find clear evidence that the statements originated with lobbyists.

The e-mail messages and their attached documents indicate that the statements were based on information supplied by Genentech employees to one of its lobbyists, Matthew L. Berzok, a lawyer at Ryan, MacKinnon, Vasapoli & Berzok who is identified as the “author” of the documents. The statements were disseminated by lobbyists at a big law firm, Sonnenschein Nath & Rosenthal.

In an e-mail message to fellow lobbyists on Nov. 5, two days before the House vote, Todd M. Weiss, senior managing director of Sonnenschein, said, “We are trying to secure as many House R’s and D’s to offer this/these statements for the record as humanly possible.”

He told the lobbyists to “conduct aggressive outreach to your contacts on the Hill to see if their bosses would offer the attached statements (or an edited version) for the record.”

In recent years, Genentech’s political action committee and lobbyists for Roche and Genentech have made campaign contributions to many House members, including some who filed statements in the Congressional Record. And company employees have been among the hosts at fund-raisers for some of those lawmakers. But Evan L. Morris, head of Genentech’s Washington office, said, “There was no connection between the contributions and the statements.”

Mr. Morris said Republicans and Democrats, concerned about the unemployment rate, were receptive to the company’s arguments about the need to keep research jobs in the United States.

The statements were not intended to change the bill, which was not open for much amendment during the debate. They were meant to show bipartisan support for certain provisions, even though the vote on passage generally followed party lines.

Democrats emphasized the bill’s potential to create jobs in health care, health information technology and clinical research on new drugs.

Republicans opposed the bill, but praised a provision that would give the Food and Drug Administration the authority to approve generic versions of expensive biotechnology drugs, along the lines favored by brand-name companies like Genentech.

Lawmakers from both parties said it was important to conduct research on such “biosimilar” products in the United States. Several took a swipe at aggressive Indian competitors.

Asked about the Congressional statements, a lobbyist close to Genentech said: “This happens all the time. There was nothing nefarious about it.”

In separate statements using language suggested by the lobbyists, Representatives Blaine Luetkemeyer of Missouri and Joe Wilson of South Carolina, both Republicans, said: “One of the reasons I have long supported the U.S. biotechnology industry is that it is a homegrown success story that has been an engine of job creation in this country. Unfortunately, many of the largest companies that would seek to enter the biosimilar market have made their money by outsourcing their research to foreign countries like India.”

In remarks on the House floor, Representative Phil Hare, Democrat of Illinois, recalled that his family had faced eviction when his father was sick and could not make payments on their home. He said the House bill would save others from such hardship.

In a written addendum in the Congressional Record, Mr. Hare said the bill would also create high-paying jobs. Timothy Schlittner, a spokesman for Mr. Hare, said: “That part of his statement was drafted for us by Roche pharmaceutical company. It is something he agrees with.”

The boilerplate in the Congressional Record included some conversational touches, as if actually delivered on the House floor.

In the standard Democratic statement, Representative Robert A. Brady of Pennsylvania said: “Let me repeat that for some of my friends on the other side of the aisle. This bill will create high-paying, high-quality jobs in health care delivery, technology and research in the United States.”

Mr. Brady’s chief of staff, Stanley V. White, said he had received the draft statement from a lobbyist for Genentech’s parent company, Roche.

“We were approached by the lobbyist, who asked if we would be willing to enter a statement in the Congressional Record,” Mr. White said. “I asked him for a draft. I tweaked a couple of words. There’s not much reason to reinvent the wheel on a Congressional Record entry.”

Some differences were just a matter of style. Representative Yvette D. Clarke, Democrat of New York, said, “I see this bill as an exciting opportunity to create the kind of jobs we so desperately need in this country, while at the same time improving the lives of all Americans.”

Representative Donald M. Payne, Democrat of New Jersey, used the same words, but said the bill would improve the lives of “ALL Americans.”

Mr. Payne and Mr. Brady said the bill would “create new opportunities and markets for our brightest technology minds.” Mr. Pascrell said the bill would “create new opportunities and markets for our brightest minds in technology.”

In nearly identical words, three Republicans — Representatives K. Michael Conaway of Texas, Lynn Jenkins of Kansas and Lee Terry of Nebraska — said they had criticized many provisions of the bill, and “rightfully so.”

But, each said, “I do believe the sections relating to the creation of a market for biosimilar products is one area of the bill that strikes the appropriate balance in providing lower cost options.”

How absolutely disgusting is this?