The Fastest Man On Earth, What Makes Him Break Records?

In another interview on CNN, the world’s fastest man Usain Bolt said that the secret to his record breaking performance is the competition that he encounters with the likes of Tyson Gay one of the top sprinters from the United States.  I remember Mr. Ronald Velayo’s words during an interview my groupmates and I did way back in college for our thesis work in Marketing Management.  He said that our country’s problem lies in the fact that our local industries have been for many decades and until today, protected against direct competition from foreign companies.  I distinctly remember him use the University of the Philippines as an example of being the best school in the land.  He said that becoming the best school means allowing students to compete with one another, leaving the best and the brightest to shine.  Would you agree that what our country needs now is greater competition among businesses? 

You may also want to note that as late as the 1980’s, the Philippines only had one telecomunications company (a monopoly).  Back then it took years even decades before one could get a telephone installed at home.  The telephone numbers were only six digits long and there were party lines (this means you share your line with another party you do not know, single line costs were so prohibitive that only the very rich could afford it) and cross lines.  How do you think the deregulation policy enacted during the Ramos era help bring our telecommunications industry to where it is today?  With the recent spate of complaints against the unscrupulous practices of some providers, do you think there is still room for improvement or greater deregulation? 

If you were to become a policy maker, how do you think you can foster the growth of a meritocracy in our country rather than an aristocracy?

Reflection by Nathan Chua

Neuro Marketing? Why We Buy What We Buy?

Below is a recent interview seen on Bloomberg.  Best viewed using Mozilla Firefox.

“Fear Sells!”   

“We are hardwired to be seduced by fear.” 

“We use scans to understand what are not saying but what we are feeling.” 

Reflections About This Video

by Nathan Chua

Fear is one of the most basic and powerful of human instincts.  The larger part of our brain is dedicated to our emotions.  Only a small part of it is devoted to reasoning.  Fear messages albeit hated by most, actually makes people react without us even recognizing it. 

My questions to my Filipino readers are:  How do you think fear can be used by media for political and economic gain?  Do you think this is part of the reason why we fear foreign competition in our country?

Other Quotes To Chew On:

On Sex:

“Sex doesn’t sell, the controversy around it sells.”

“Sex is no longer very controversial, that’s why it doesn’t work.”

On Religion:

“Mystery, rituals, to have a sense of belonging, to have a common enemy.”

A War Gone Wrong

U.S. Troop Casualties – 4,325 US troops

Iraqi Civilians Killed, Estimated – A UN issued report dated Sept 20, 2006 stating that Iraqi civilian casualties have been significantly under-reported. Casualties are reported at 50,000 to over 100,000, but may be much higher. Some informed estimates place Iraqi civilian casualities at over 600,000.

Non-U.S. Troop Casualties – Total 316, with 179 from the UK

US Troops Wounded – 31,430, 20% of which are serious brain or spinal injuries (total excludes psychological injuries)

US Troops with Serious Mental Health Problems – 30% of US troops develop serious mental health problems within 3 to 4 months of returning home

Close to $900 Billion spent…