Friday, December 30, 2011

Been Thinking

I've had some time, some time to think about things. And lately I listen to the wind, and watch the stars, and stare at nature doing its thing. And I've come to realize my struggles, my flaws, the imperfections that make me who I am in life. And I've been thinking about all the different ways I've viewed the world. And lately, I've been exhausted from dreaming, dreaming all these years about things getting better for me - momentum. And I've been thinking about reality, and what makes it so threatening to my dreams. And the liquor doesn't taste good anymore, and the things that used to move me don't register like they used to, and I've given up on hoping for better, because it is what it is. And I've been thinking about the beauty of time, and how it reveals the things that are real and true, and exposes those things that are not true, and I've been thinking about how time has revealed the things about me that are true, and not true. And whether I like what I see or not, it truly is what it is. And the people that hurt me in the past don't hurt as much anymore, because I've realized that I've hurt people too. And maybe, just maybe, we are all doing the best that we can. If it were more it would have been that - no need in dreaming about it. And I've been thinking that as much as we think the world has changed over time, we have always done the best we could.

I've been thinking a lot lately, that maybe I'm over-thinking this thing.

For 2012, just be glad you have a shot at it - win or lose. You've got another chance.

Best wishes,


Sent from my iPhone

Tuesday, December 27, 2011

Great Quote

"Entrepreneurs are simply those who understand that there is little difference between obstacle and opportunity and are able to turn both to their advantage." - Niccolò di Bernardo dei Machiavelli

Thank You,

Kenyatta Lovett

Sent from my iPhone

(BN) U.S. Consumer Confidence Climbs More Than Forecast on Improving Job Market

Bloomberg News, sent from my iPhone.

Gain in U.S. Consumer Confidence Exceeds Forecasts: Economy

Dec. 27 (Bloomberg) -- Confidence among consumers rose to an eight-month high in December as an improving job market helped Americans regain all the ground lost following the mid- year government budget battle and credit-rating downgrade.

The Conference Board's index increased to 64.5, exceeding all estimates in a Bloomberg News survey and the highest since April, from a revised 55.2 reading in November, figures from the New York-based private research group showed today. Another report showed home prices fell more than projected in October.

Unemployment that dropped last month to its lowest in more than two years and the cheapest gasoline since February are prompting households to take advantage of discounts during the holiday shopping season. The improvement in sentiment may help sustain household purchases, which account for about 70 percent of the economy, into the new year.

"A large part of the problem in the economy is one of confidence, and to the extent that sentiment begins improving it would be a positive for growth," said Dana Saporta, director of U.S. economic research at Credit Suisse in New York, one of three forecasters that projected a reading of 63, the highest in the Bloomberg survey. "There are still a lot of headwinds out there, including the continued decline in home prices."

Stocks were little changed after the reports as concern about Europe's debt crisis overshadowed the improvement in confidence. The Standard & Poor's 500 Index rose 0.1 percent to 1,266.76 at 12:01 p.m. in New York.

Italian Retailers

Italian retailers had the worst Christmas in 10 years, consumer group Codacons said today, as austerity measures to combat the sovereign debt crisis prompted households to cut spending. Italians spent 48 euros ($62.75) less per person this holiday season than the average of the past five years, Rome based Codacons said in a statement on its website.

In China, profit gains at industrial companies cooled. Net income increased 24.4 percent in the first 11 months of 2011 from a year earlier to 4.66 trillion yuan ($737 billion), the National Bureau of Statistics said on its website today. The pace compared with a 25.3 percent gain in the first 10 months and a 27 percent rise in the first three quarters. The lingering Europe debt crisis and a cooling domestic property market are dimming growth prospects for the world's second-largest economy.

The median forecast of 69 economists surveyed by Bloomberg forecast the U.S. consumer confidence gauge would rise to 58.9. Estimates ranged from 52 to 63. The measure averaged 53.7 during the recession that ended in June 2009 and 98 during the economic expansion that ended in December 2007.

Confidence Measures

Other surveys have reflected similar gains in optimism. The Bloomberg Consumer Comfort Index improved to minus 45 in the period ended Dec. 18 from a reading of minus 49.9 the prior week, marking the biggest seven-day gain since January. The Thomson Reuters/University of Michigan index of consumer sentiment rose to a six-month high in December.

The S&P/Case-Shiller index of home values in cities dropped 3.4 percent from October 2010 after decreasing 3.5 percent in the year ended September, the New York-based group said. The median forecast of 27 economists in a Bloomberg survey projected a 3.2 percent decrease.

The real-estate market is bracing for another wave of foreclosures that may keep pressure on home prices, indicating any housing recovery will take time to develop. Nonetheless, rising builder confidence, a pickup in construction and fewer unsold new properties for sale are among signs the industry that triggered the last recession is steadying.

Striving for 'Equilibrium'

"It's a picture of a market that's trying to get back to equilibrium," Karl Case, co-creator of the index, said today in an interview on Bloomberg Radio. "Different things are happening in different markets. It's very segmented. You've got these huge inventories that we've never really had before."

The Conference Board's confidence data showed a measure of present conditions increased to the highest level since September 2008. The measure of expectations for the next six months also climbed.

The share of consumers saying jobs were plentiful rose to the highest since January 2009, while those saying employment was hard to get decreased to the lowest since the same month.

Confidence slumped in August when S&P stripped the U.S. of its AAA credit rating after congressional gridlock on raising the debt limit almost forced a government shutdown and brought the nation to the brink of default.

Debt Limit

A similar battle may be on the horizon. The Obama administration will ask Congress to increase federal borrowing authority by $1.2 trillion as the nation approaches the debt limit set by law, according to a Treasury Department official. The White House will send the request to Congress on Dec. 30, the day the debt is projected to rise to within $100 billion of the $15.194 trillion limit, the Treasury official told reporters today on condition of anonymity.

Americans will be helped by Congress' decision last week to pass a two-month payroll tax cut extension, eight days before its scheduled expiration. Yet fiscal policy uncertainty remains as congressmen are debating measures to cut the budget deficit by $1.2 trillion over 10 years.

The labor market has gained traction in recent weeks, gasoline prices have fallen and stocks have climbed as European leaders worked to resolve their debt crisis, helping revive confidence.

Fewer Firings

Initial claims in the week ended Dec. 17 declined by 4,000 to 364,000, the lowest level since April 2008, while those continuing to receive benefits fell by 79,000 to 3.55 million in the prior week, the lowest since September 2008.

The unemployment rate in November fell to 8.6 percent, the lowest since March 2009, while the S&P 500 gained 9.2 percent from Nov. 25 through Dec. 23.

A gallon of regular unleaded gasoline fell to $3.21 on Dec. 20, the lowest since February, according to AAA, the nation's largest automobile association.

Holiday sales will rise 3.8 percent, compared with a 5.2 percent advance last year, according to the Washington-based National Retail Federation.

As they have throughout the season, retailers continued to discount and keep stores open longer than ever. Almost all 600 Toys "R" Us U.S. locations were to remain open from Dec. 20 to Christmas Eve -- or 112 hours straight.

"We took a number of actions to drive our business, including running effective promotions across multiple channels," Brian Dunn, chief executive officer at Best Buy Co., the world's largest consumer-electronics retailer, said on a Dec. 13 conference call. "We're excited about momentum we've seen in hot products like mobile phones, tables, and e-readers for the rest of the holiday season."

To contact the reporter on this story: Bob Willis in Washington at

To contact the editor responsible for this story: Christopher Wellisz

Find out more about Bloomberg for iPhone:

Thank You,

Kenyatta Lovett

Sent from my iPhone

Friday, December 23, 2011

Hitting the Finish Line

As I come close to the end of a very interesting year, I am reflecting on what has been learned to establish some goals for 2012. We've sen a lot of changes globally this year, in the midst of a very stagnate economy. That being said (or written), it appears that success will be difficult to fake in the future. Maybe we partied too much. Maybe it's a good thing.

If I had to make predictions for the future of marketing, business, and strategy, I would say that hitting the fundamentals will be essential to success. Unfortunately, we have partied so hard that no one has an idea of what "fundamentals" means anymore. It means 12-hour days reading, thinking, and struggling with concepts. It means getting out of your chair, or couch, and living the experience. It means serving to understanding leadership. It means practicing the right way to do it so much that it becomes second-hand during execution. It means that the numbers can't lie for your anymore, and faking the funk will only prolong your recovery. It means BEING ALL ABOUT IT!

Go to work!

Monday, December 19, 2011

Job Training for American Workers Must Change

Thank you,

Kenyatta Lovett
Sent from my iPad

(BN) Alwaleed Buys $300 Million Twitter Stake Amid Wave of Social Network IPOs

Bloomberg News, sent from my iPad.

Twitter Wins $300 Million Alwaleed Investment Amid Site Revamp

Dec. 19 (Bloomberg) -- Twitter Inc., the microblogging service with more than 100 million users, won a $300 million investment from Saudi investor Prince Alwaleed bin Talal as it pushes through a redesign of its site to attract advertisers.

Alwaleed, ranked the richest Arab businessman this year by Arabian Business magazine, and his investment company agreed to buy a "strategic stake," Kingdom Holding said today. Alwaleed is the largest individual investor in Citigroup Inc. and his other investments include holdings in Apple Inc. and General Motors Co. Riyadh-based Kingdom Holding jumped as much as 8.9 percent on the local exchange.

Twitter, which lets its users send 140-character messages, is revamping the site to make it faster and simpler to navigate. The San Francisco-based company may boost ad revenue by 86 percent next year as it attracts more international advertisers, according to EMarketer Inc. Alwaleed's investment comes as Facebook Inc., the most-popular social networking site with more than 800 million users, is said to consider raising about $10 billion from an initial public offering.

"Twitter are looking to give themselves some more running space," said Jeff Mann, an analyst at Gartner in Amsterdam. "Their strategy has always been first get big, they're still holding reasonably close to that. Having a big audience is more important than a short-term revenue stream."

'Strategic Asset'

Twitter confirmed the investment in an e-mail, declining to give additional comments.

Demand for technology IPOs reignited in November after a summer lull, setting the stage for Groupon Inc., Zynga Inc., the largest maker of games for Facebook, and Angie's List Inc. to go public. Facebook may file for an IPO before the end of the year, a person with knowledge of the matter said last month. The sale may value the company at more than $100 billion, twice as high as it was in January, when the company announced a $1.5 billion investment from Goldman Sachs Group Inc. and other backers.

Alwaleed's investment may value Twitter at $10 billion, said Jack Neele, a fund manager at Robeco Groep NV, which had about $194 billion under management at the end of June. DST Global, the technology fund managed by Russian billionaire Yuri Milner and an investor in Facebook, led an $800 million financing round in Twitter in August. That investment valued the short-messaging service at $8 billion, people with knowledge of the plan said at the time.

"Twitter is seen as a strategic asset within the social media space, given its large user base," Neele said. "But the business model in its current form isn't ready for the public market."


Twitter is seeking to speed up its ad rollout program, its main source of revenue. The microblogging service's revamp will feature tabs at the top of the screen that let users more easily access their home pages, connect with others and discover new content. EMarketer cut its estimate for 2011 ad revenue to $139.5 million from $150 million in September because Twitter has been slow to roll out some services.

Twitter is also facing the loss of its two of its co- founders. Both Evan Williams and Biz Stone have lessened their involvement under Chief Executive Officer Dick Costolo, who took the reins in October 2010. Mike Abbott, a vice president in charge of engineering, also has stepped down.

The agreement followed "several months of negotiations," Kingdom Holding said its statement. The company, controlled by Alwaleed, a nephew of Saudi Arabia's King Abdullah, added 5.1 percent to 8.25 riyals at 3:39 p.m. in Riyadh. Before today, the stock had lost 4.3 percent this year.

'Savvy Investor'

"Kingdom realizes the importance of social networks like Twitter and their future growth prospects, and decided to benefit from this trend," said Samer Darwiche, an analyst at Gulfmena Investments in Dubai.

The prince was ranked the richest Arab businessman this year by Arabian Business magazine with assets valued at $21.3 billion. Kingdom Holding, 95 percent owned by the prince, is building the tallest tower in the world in Jeddah at a cost of 4.6 billion riyals ($1.23 billion).

Alwaleed "is a savvy investor and the hot thing in the I.T. world is social networking," said Nabil Farhat, a partner at Abu Dhabi-based Al Fajer Securities in Abu Dhabi, United Arab Emirates.

To contact the reporters on this story: Mourad Haroutunian in Riyadh at Jonathan Browning in London

To contact the editors responsible for this story: Kenneth Wong at Shaji Mathew at

Find out more about Bloomberg for iPad:

Thank you,

Kenyatta Lovett
Sent from my iPad

Wednesday, December 14, 2011

@HarvardBiz, 12/14/11 1:19 PM

Harvard Biz Review (@HarvardBiz)
12/14/11 1:19 PM
Three Innovation Trends in Asia

Thank you,

Kenyatta Lovett
Sent from my iPad

Monetary Policy in 2011: Unconventional and Necessary

Thank you,

Kenyatta Lovett
Sent from my iPad

Saturday, December 03, 2011

San Diego

I just returned from a good conference in San Diego. I really like that city. I'm ready to move!

Anyway, I hope all is well with everyone. I am still digging out of my coursework problems. The pressure and circumstances at work presented more of a problem than I anticipated. I will do my best to limp through the semester. I'm running out of time to deal with my doctoral program the way I would like to. I guess the important part is simply finishing the journey.

Give back today, to someone or something, even if it is a smile. Do it for those who don't have the capacity, the drive, or the discerning power to give.