Slowing the work treadmill; To aid creativity and achieve more, try doing less, HBS professor says

Slowing the work treadmill

To aid creativity and achieve more, try doing less, HBS professor says

August 27, 2013 | Editor’s Pick Popular

By Chuck Leddy, Harvard Correspondent

Teresa Amabile compares much of work life to running on a treadmill. People constantly try to keep up with the demands of meetings, email, interruptions, deadlines, and the never-ending need to be more productive and creative. Yet on many days they seem to make no progress at all, especially in creative endeavors. “Many companies are running much too lean right now in terms of the number of employees,” said Amabile, the Edsel Bryant Ford Professor of Business Administration and a director of research at Harvard Business School. So the treadmill speeds up, compelling time-strapped employees to do ever more with less. Read more of this post

Michael Lewis on Writing, Money, and the Necessary Self-Delusion of Creativity; Lewis remained disinterested in money as a motive – in fact, he recognized the trap of the hedonic treadmill and got out before it was too late

Michael Lewis on Writing, Money, and the Necessary Self-Delusion of Creativity

“When you’re trying to create a career as a writer, a little delusional thinking goes a long way.”

The question of why writers write holds especial mesmerism, both as a piece of psychological voyeurism and as a beacon of self-conscious hope that if we got a glimpse of the innermost drivers of greats, maybe, just maybe, we might be able to replicate the workings of genius in our own work. So why do great writers write? George Orwell itemized four universal motives. Joan Didion saw it as access to her own mind. For David Foster Wallace, it was about fun. Joy Williams found in it a gateway from the darkness to the light. For Charles Bukowski, it sprang from the soul like a rocket. Italo Calvino found in writing the comfort of belonging to a collective enterprise.

In Why We Write: 20 Acclaimed Authors on How and Why They Do What They Do (public library) – which also gave us invaluable wisdom from Susan Orlean, Mary Karr and Isabel Allende, and which was among the 10 best books on writing from my recent collaboration with the New York Public LibraryMichael Lewis, one of today’s finest nonfiction masters, shares his singular lore. Read more of this post

The Art of Thought: Graham Wallas on the Four Stages of Creativity, 1926; How to master the beautiful osmosis of conscious and unconscious, voluntary and involuntary, deliberate and serendipitous

The Art of Thought: Graham Wallas on the Four Stages of Creativity, 1926

How to master the beautiful osmosis of conscious and unconscious, voluntary and involuntary, deliberate and serendipitous.

In 1926, thirteen years before James Webb Young’s Technique for Producing Ideas and more than three decades before Arthur Koestler’s seminal “bisociation” theory of how creativity works, English social psychologist and London School of Economics co-founder Graham Wallas, sixty-eight at the time, penned The Art of Thought – an insightful theory outlining the four stages of the creative process, based both on his own empirical observations and on the accounts of famous inventors and polymaths. Though, sadly, the book is long out of print, with surviving copies sold for a fortune and available in a few public libraries, the gist of Wallas’s model has been preserved in a chapter of the 1976 treasure The Creativity Question (public library) – an invaluable selection of meditations on and approaches to creativity by some of history’s greatest minds, compiled by psychiatrist Albert Rothenberg and philosopher Carl R. Hausman, reminiscent of the 1942 gem An Anatomy of Inspiration. Wallas outlines four stages of the creative process – preparation, incubation, illumination, and verification – dancing in a delicate osmosis of conscious and unconscious work. These phases, which literary legend Michael Cowley would come to parallel in his 1958 model of the four stages of writing, go as follows: Read more of this post

Apple to ship over 63 million iWatches next year: Reports

Apple to ship over 63 million iWatches next year: Reports

TAIPEI — Two suppliers in Taiwan have received orders to build Apple’s highly anticipated iWatch for release next year, according to local reports.

BY –

30 AUGUST

TAIPEI — Two suppliers in Taiwan have received orders to build Apple’s highly anticipated iWatch for release next year, according to local reports. Taiwan’s Apple Daily newspaper reported that Quanta Computer will split the iWatch orders with Inventec on a 60-40 basis, citing unnamed sources. Meanwhile, CIMB Securities analyst Wanli Wang projected in a report that Apple might ship 63.4 million units in the first year after its launch, with an average price of around US$199 (S$254). Read more of this post

New Radiation Hotspots Found at Fukushima Daiichi; Operator’s Struggle to Control Highly Radioactive Water Suffers New Setbacks

Updated September 1, 2013, 11:35 a.m. ET

New Radiation Hotspots Found at Fukushima Daiichi

Operator’s Struggle to Control Highly Radioactive Water Suffers New Setbacks

KANA INAGAKI

TOKYO—The operator of the troubled Fukushima Daiichi nuclear complex said over the weekend that its struggles to control highly radioactive water had suffered new setbacks. The company announced the discovery of contaminated spots in new parts of the compound where the water is stored, while radiation levels jumped to highly dangerous levels in another part of that area where readings were previously lower. Read more of this post

Most Brazil IPOs have lost money since 2005: Credit Suisse

Most Brazil IPOs have lost money since 2005: Credit Suisse

Fri, Aug 30 2013

By Guillermo Parra-Bernal

CAMPOS DO JORDÃO, Brazil (Reuters) – Many initial public offerings in Brazil have led to investor losses over the past eight years, a senior Credit Suisse Group fund manager said on Friday, with the worst results coming from oil and gas – a sector that for years was seen as the nation’s most promising. Only 37 of the 117 IPOs since the start of 2005 have yielded returns above the benchmark CDI interbank lending rate, with remainder losing as much as half of the amount initially invested, according to a presentation by Luiz Stuhlberger, who as chief investment officer oversees 43 billion reais ($18 billion) in assets for Credit Suisse Hedging Griffo. Read more of this post

Rupee slump a hard lesson for Indian students overseas

Rupee slump a hard lesson for Indian students overseas

12:49am EDT

By Anurag Kotoky

NEW DELHI (Reuters) – Student Mikael Haris is wrestling with the sort of question confronting others across India, including companies, investors and banks, following the 18 percent slump in the rupee this year. With plans to study for a masters degree in marketing in London from this month, he is trying to decide whether to pay his course fees up front and secure a discount, or to spread them out in the hope that a rebound in the rupee will ultimately reduce his costs. Read more of this post