TOYOTA vs RISK

Trent sent me this article talking about how much risk the Toyota accelerator issue increases, written by a CMU professor.


As a driver and a non-stat-expert person, I really didn't get it. To me, comparing the risk of driving a recalled Toyota with that of driving while talking on the phone, is totally not practical. I mean, they are totally different risk factors in nature - I can discipline myself with rules not to talk on the phone while driving, but I can't tell or control my accelerator if it's defective and doing crazy things. This is fatal/life-threatening matter, and it really doesn't make any sense to me by calculating the "general riskiness of driving a recalled Toyota" from a holistic view.

Is E&Y in trouble?

So basically, I read this article about the bankruptcy exam for Lehman Brothers, and some interesting items pop up so I thought it would be nice to put something up here.

I was going to put more thoughts on the report that the examiner produced, but I realized that I didn't quite understand A LOT OF the stuff in it.....-_-

This BusinessWeek article says:

How much is iPad?

So, today is the big day for all the APPLE maniacs: iPad is open for pre-order today, and it'll be delievered on April 3rd. I saw on the web that a lot of people were getting everything ready and waiting in front of their screens for the channel to open, which is, well, quite commonly seen actually.

According to techspot.com, it's estimated that ~ 51000 orders were placed during the first 2 hours after the line is opened.

Why MBAs are Going East -- great article from BWeek

LINK

James Tsai is the sort of MBA corporate recruiters covet. He went to a good
prep school, earned a degree with honors from Middlebury College, and made
vice-president in Bank of America's (BAC) international wealth management
group at the age of 26. Today, Tsai is about to graduate, straight A's in
hand, from Northwestern's Kellogg School of Management, a top-rated program
in America. And he's hustling to land his first post-MBA job—in China.

Executive Class strivers like Tsai used to have just one post-grad career
destination, the U.S. Not anymore. "I am doing everything I think I can to
get over there," he says.

WHEN IT COMES TO INNOVATION

McKinsey Quarterly published their March 2010 newsletter today with an Editor's choice article about discovering Internet of things.(link)

This is a delightful article to read not only because it's relevant to IT area, but when I read about "some insurance companies offering to install location sensors in customers’ cars", I was like "yeah baby that's us!".

THE GRAND OPENING

OK first of all, just for the record, this is certainly NOT the first or second blog in my life :)

Or third... @_@

Well anyways, as an auditor, I'm kind of gradually influenced by the "Segregation of Duties" concept that we are dealing with every day, and I'm kind of thinking, gee, maybe we should apply that rule to our blogging life as well - so that we are able to focus more on the non-personal/non-gossiping/non-blah type of stuff and make continuous progress on our professional careers and the expertise in either auditing or consulting or finance or whatever.

So with that said, I'll start blogging my work life, the good/bad experience that I've had in the office, interesting articles/comments that I saw, and I'm also hoping to invite my friends (ugh...you) to ocassionally add your opinions on things that are happening out there too. So basically I want to use this place as a platform for exchanging information and experience, and I believe this is going to be so much fun.

Oh oh, don't ask me why it's called "Opinion it" because I don't know. (I really don't.) Blog title is subject to change. Any good idea is appreciated. (By good idea I mean one that hasn't been registered on Blogspot yet xD)