Fox News on The Potential for State Bankruptcies to Occur

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Here at Wyld About Business, we've been covering an emerging political and investment topic, that of the potential for individual states to declare bankruptcy (See State Bankruptcy Option Is Sought, Quietly). Now, Fox News has brought the topic to the front burner. Watch this interview below with Shepard Smith and Jordan Goodman, the author of Master Your Debt (ironic, isn't it!). Watch below and comment here on the blog:




We do live in interesting - and yet, scary - times!

David Wyld, Professor of Management
Southeastern Louisiana University
Wyld About Business (http://ping.fm/13DSS)


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Is Social Networking Actually Making Us Less Connected...And Less Human: One MIT Professor Thinks So

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What is social media doing to us? An ironic question I guess since you are reading this on a blog, and likely on your phone or iPad! One MIT Professor, Sherry Turkle, argues that all our technological connections are destructive to our real connectedness.�The Guardian describes the situation in its opening its coverage of her book:

The way in which people frantically communicate online via Twitter, Facebook and instant messaging can be seen as a form of modern madness, according to a leading American sociologist. "A behaviour that has become typical may still express the problems that once caused us to see it as pathological," MIT professor Sherry Turkle writes in her new book, Alone Together, which is leading an attack on the information age.

You can read the complete article below:

Social networking under fresh attack as tide of cyber-scepticism sweeps US | Media | The Observer

And of course, she appeared on The Colbert Report and discussed her ideas there. Watch below and comment here on the blog (consider as Colbert asked whether texting is OK at a funeral?):

The Colbert Report	Mon - Thurs 11:30pm / 10:30c
Sherry Turkle
www.colbertnation.com
Colbert Report Full Episodes Political Humor & Satire Blog Video Archive

We do live in interesting times...

David Wyld, Professor of Management
Southeastern Louisiana University

Wyld About Business (http://wyld-business.blogspot.com/)

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New Article in the Journal of Supply Chain Management on Bidding Behavior in Reverse Auctions

Three researchers have just published a major new article on bidder behavior in reverse auctions in the procurement process in the leading journal, the Journal of Supply Chain Management. The article info is as follows:

TITLE: TO BID OR NOT TO BID: DRIVERS OF BIDDING BEHAVIOR IN ELECTRONIC REVERSE AUCTIONS
AUTHORS: SENGUN YENIYURT, STEVIE WATSON, CRAIG R. CARTER, CYNTHIA KAY STEVENS

ABSTRACT:
Electronic reverse auctions (eRAs) are a popular tool used in sourcing and business research. However, the complexity of decisions made during this type of auction is not yet fully understood. The authors use data from a published laboratory experiment that had examined the impact of eRA auction configuration on buyer price and supplier perceptions of opportunism. In the present study, the authors analyzed data from the 11,882 time-interval observations and 2,549 bids submitted by suppliers to explore the factors that affect suppliers' decisions to submit bids in eRAs. The effects of supplier characteristics, bidding history and experience, auction configuration, and timing on the propensity to bid at a specific point in time during the eRA are estimated utilizing continuous time hazard rate analysis techniques. Our results indicate that the supplier's need for cognition and number of prior auction failures, online auction configuration, and the rank status of a supplier's bid at a given point in time all significantly affect the propensity to submit a bid. Also, if suppliers have previously submitted many bids in the online auction, they tend to submit more subsequent bids, suggesting an escalation of commitment dynamic that may underlie the potential for a bidding frenzy.

Unfortunately, the Journal of Supply Chain Management doesn't make their full content online, but for info on how to get the article, go their website at this link:

http://onlinelibrary.wiley.com/doi/10.1111/j.1745-493X.2010.03214.x/abstract


David Wyld, Professor of Management at Southeastern Louisiana University and Director of the Reverse Auction Research Center (http://www.reverseauctionresearch.com/)


From the Reverse Auction Research Center: http://reverseauctionresearch.blogspot.com/
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State Bankruptcy Option Is Sought, Quietly - NYTimes.com

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Can a state declare bankruptcy? What would be the implications, both legally and in the markets, let alone to residents? Some members of Congress and prominent thought leaders are beginning to openly talk about how restructuring state debts might be a really positive step, but drawing great opposition from public sector unions. Read the complete article below:

State Bankruptcy Option Is Sought, Quietly - NYTimes.com

We do live in interesting times....

David Wyld, Professor of Management
Southeastern Louisiana University

Wyld About Business (http://wyld-business.blogspot.com/)

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Protecting Your Personal Information on Facebook: It Might Have Just Gotten Harder, and What You Should Do About It

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Very good story that you should watch from Fox Business on major changes in how Facebook handles and protects - or does not -your personal info in working with third-party application developers and providers. It's info that you need to know - and might make you change the info you have provided to Facebook. This story has a very good interview on the subject with Lance Ulanoff, who is the Editor of PCMag.com. Watch below and comment here on the blog:



Hope you will forward this blog posting on to all your real and Facebook friends! It is important.

David Wyld, Professor of Management
Southeastern Louisiana University
Wyld About Business (http://wyld-business.blogspot.com/)

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