Business

Essays found in this category pertain to business issues.

GulfQuest: God is in the details.

GulfQuest: God is in the details.

November 6, 2016 GulfQuest: God is in the details. By Ted Burnett We buy things we don’t need with money we don’t have to impress people we don’t like. – Dave Ramsey (1960- ) An American financial author, radio host and TV personality. If there was ever a project where the details were ignored, where they got overlooked; it would have to be GulfQuest: National Maritime Museum of the Gulf of Mexico. It’s soon to be known as the federal government’s next boondoggle. The ship-shaped building blew its budget with years of cost overruns. It was somebody’s want that had no real public demand. The city agreed to step in and bailout its board of directors while it was still under construction. No doubt it was built with good intentions, a lot of money,...

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Video: The Inaugural Live Oak Forum (April 2016)

Video: The Inaugural Live Oak Forum (April 2016)

The Inaugural Live Oak Forum (April 2016)…(click on video) Our first speaker is Aaron Beam. Aaron was born and raised in Bossier City, LA. He was a co-founder and first CFO of HealthSouth Corporation based in Birmingham, Alabama. Aaron is married to his wife, Phyllis, of 45 years. He holds a bachelor’s degree in Economics from Louisiana State University and he later got an associate’s degree in Turf Management in Faulkner State Junior College, all of which he will soon explain. Our second speaker is Eric Nager. He grew up on the Eastern Shore where he attended Fairhope High School. Eric works as an Investment Advisor Representative with his brother, Terry, at Southern Capital Services and Chess Coach at Bayside Academy in Daphne, AL. He is married to his...

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Mayor Stimpson invites citizens to attend Tourism Town Hall and I answer

Mayor Stimpson invites citizens to attend Tourism Town Hall and I answer

http://www.wtvm.com/story/28197426/mayor-stimpson-invites-citizens-to-attend-tourism-town-hall — on Friday, February 27, 2015, 9 am — 11:30 am at the Mobile Convention Center. Admission is free. February 26, 2015 Sandy, Mobile’s lack of tourism is really a reflection of the city’s quality of life offered to its residents, the attitudes and the narrow thinking of its old residents. Much damage was done to Mobile’s downtown and psyche following the closure of Brookley Field Air Force Base, in 1969. Homes and buildings were destroyed and roads widened in the name of progress and urban renewal. The progress never came. The city’s main drag, Government Street, bears the scars from that era. Its home to a mixture of historic, new, as...

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New $160 million airport terminal at Mid-Continental Airport in Wichita, KS

New $160 million airport terminal at Mid-Continental Airport in Wichita, KS

The following story, from 2012, is on the construction of Wichita, KS’ new $160 million airport terminal replacing its old and current terminal at Mid-Continental Airport. This airport ranks #99 (736,000) in U.S. passenger traffic one spot behind Pensacola (PNS) #98 (740,000). Where as Mobile currently holds the #159 spot (287,000) for CY 2013. I believe this dollar amount is on the high side of what Mobile can expect its next airport terminal at BFM to cost and is probably more airport than we need. In my interview with WKRG’s Tiffany McCall, she reported the cost to move the airport ranging from $500mm-$1b, without attributing it to any source. These numbers went along way towards turning off area residents on this much-needed project. Below is an...

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WKRG — Petition: Move Mobile Regional Airport to Brookley Field

WKRG — Petition: Move Mobile Regional Airport to Brookley Field

MOBILE, Ala. – Mobile Regional Airport sits 11 miles west of Mobile and a lot of people have to tackle hectic Airport Boulevard to get there. Ted Burnette wants to change that. He created a petition asking the Mobile Airport Authority to move it closer to the heart of downtown – at Brookley Field. “About 600 thousand people live in Mobile and Eastern Shore and to have the smallest amount of traffic going out of the Mobile Regional Airport told me there was a problem and my conclusion is that it’s at the end of Airport Blvd., and it’s in the wrong place,” said Burnett. The Aeroplex was first established in 1929 as Bates Field and was Mobile’s first Municipal Airport. In 1948 it was renamed Brookley Air Force Base, but in...

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WPMI Local 15 interview about Petition to Move Airport Back to Brookley Aeroplex

WPMI Local 15 interview about Petition to Move Airport Back to Brookley Aeroplex

MOBILE, Ala. (WPMI) – An online petition to move Mobile Regional Airport back to Brookley Aeroplex is taking flight in Mobile. Ted Burnett of Daphne is spearheading the petition and says the move would help the city to have a more centrally located airport, as well as increase air passenger traffic and boost economic development. Burnett believes the airport’s current location in west Mobile is inconvenient and far away from hotels and businesses. “It’s difficult to get on from I-10 and it’s not easy for anybody other than the people living in west Mobile,” Burnett said. His idea has gained support and signatures in an online petition, along with the attention of Alabama Representative Bradley Byrne. At a town hall meeting in July, Byrne said “I actually...

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Petition: Mayor Sandy Stimpson: Please move the Mobile Regional Airport (MOB) back to Brookley Field.

Petition: Mayor Sandy Stimpson: Please move the Mobile Regional Airport (MOB) back to Brookley Field.

Petition: Mayor Sandy Stimpson: Please move the Mobile Regional Airport (MOB) back to Brookley Field.                  

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Medieval castles, America and the story of fire ants

Medieval castles, America and the story of fire ants

Note: The following is an email exchange between economist and college professor Mark Skousen and myself. Some minor edits have been made. December 13, 2014   Medieval castles, America and the story of fire ants By Ted Burnett Mark, One of the essays that I hope to write is a comparison of medieval castles in Europe, how so many of them are now abandoned and the state of America. These structures once protected their owners (kings, queens or lords), maybe their subjects and all their worldly possessions. With their thick stone walls and their mountain-top views, where are these owners, their subjects and all that highly-valued stuff, today? It’s all gone. America looks a lot like one of those castles with tall walls on its southern border while...

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Red Snapper fishing — states’ rights?

Red Snapper fishing — states’ rights?

December 5, 2014 Red Snapper fishing — states’ rights? By Ted Burnett Hearings were held on Thursday, in Congress, regarding Alabama’s red snapper population, the role of the federal government in determining the size of the population, the length of the state’s fishing season and how much was caught. The following are two links. The first is a story from Congressman Byrne’s website about the testimony given in the hearing and the second is a story from the WWF regarding unsustainable fishing, worldwide. I’m not a red snapper fisherman nor am I an expert on this subject, but those of us who grew up on the Gulf Coast fishing, shrimping, crabbing or oystering in these same waters have come to see the haul get smaller as the...

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How would you reinvent Capitalism? (Corporate consciousness)

Note: Last week, I received the following email from The Nation magazine seeking my input on their upcoming special issue on “Reimagining Capitalism.” I am unfamiliar with this publication and I’m sure how I got on their mailing list. Their email reads, “The Nation asked sixteen activists and economic thinkers, “If you had the ability to reinvent American capitalism, where would you start? What would you change to make it less destructive and domineering, more focused on what people really need for fulfilling lives?” Their responses provide a provocative sampler of smart ideas—concrete proposals for reforming the dysfunctional economic system in fundamental ways. These brief essays should stimulate imaginations and maybe start some healthy arguments. At the...

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Who’s going to roll your next burrito — Juan or John?

Introduction My last essay, “Is the whole the sum of its parts?”, received the biggest reaction to date from you. Several friends shared their encouraging critiques of my piece and I got a number of hits from faculty, both, in the U.S. and abroad. Even my former father-in-law and my ex-wife, both of whom I mentioned paused long enough to pay a visit to my blog on more than one occasion. Since February, I’ve grown this audience adding more faculty of law at the University of Amsterdam and the London Business School. I paid my fifth virtual visit to Harvard adding the balance of professors teaching in the five original undergraduate programs, from 2008, plus famed biologist, and Alabama native, Dr. E.O. Wilson a.k.a. “Lord of the Ants”. I now have over 800 Harvard...

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American terrorists

October 14, 2009 American terrorists By Ted Burnett Note: The following commentary is in response to the feature story, on the 401(k), appearing in this week’s Time magazine. Embedded in their piece is a link of the twenty-five people that Time says are responsible for the financial crash, last year. Most of them are influential Americans, corporate CEOs, executives on Wall Street, even U.S. Presidents and other government officials working in Washington. Most will never see any jail time for their reckless actions, which couldn’t have been any worse than those of the individuals responsible for September 11. However, our attitude as to who is a terrorist and who was simply being foolish seems to come down to one’s nationality. While these 20+...

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Response from the Congressional Oversight Panel

September 30, 2009 I am sharing with you my latest “achievement”. My essay “Corporate consciousness”, which you received, in August, was published as a “letter to the editor” at www.execdigital.com, an on-line business and leisure magazine. It was also submitted to the Congressional Oversight Panel (COP) by Chairperson Elizabeth Warren, a Harvard Law Professor and a member of this audience. Her committee was established by Congress, after last year’s financial meltdown, to track the flow of the T.A.R.P (Troubled Assets Relief Program) money in the banking industry. This is the second time, this year, that I have shared one of my essays with Professor Warren where I later received a letter from her committee. On another...

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Business as Usual?

December 3, 2008 Business as Usual? By Ted Burnett “Is more and more of this to be the sum total of my life?”– Millard Fuller I find the current economic crisis confronting America to be absolutely fascinating. I should disclose that I didn’t and still don’t have the first penny in any stock market thus I didn’t lose what little I do have including my sleep and my mind. Nor was I holding on for dear life to this bipolar roller coaster ride over the past few weeks with more still to come. I feel like a fortunate bystander watching an unfolding train wreck or an ocean freighter breaking up against the rocks and slowly sinking. A decade ago, I tried to make sense of the market by studying how it works. It never felt natural and still doesn’t. Like many American...

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Part II — Are We Destroying Mother Earth?

January 4, 2008 The attached document is a copy of a letter that I received last week from United States Senator Richard Shelby’s office (AL-R) in response to my brief statement on man’s undeniably negative impact on the environment and on the world’s oceans. In early December, my reply was originally sent to The Wall Street Journal after reading an editorial questioning the science behind climate change and Al Gore’s Nobel Prize. My comments pointed to man’s current destruction to our oceans through runoff pollution, erosion, over-harvesting of fish, and dead and dying coral reefs as proof to man’s ability to harm our world. My words can be read in their entirety by clicking on the following link:...

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