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Sea-Level Rise

Sea-Level Rise

Sea-Level Rise

My research led me to look into sea-level rise. I was checking on a city on the east coast close to where hurricane Florence made landfall: Virginia Beach. I learned that the town was unaffected. That’s good news.

Laura Wood Habr, owner of Croc’s Bistro in Virginia Beach writes in the Virginia-Pilot, “Owning a business just a few blocks from the Oceanfront in the ViBe Creative District comes with constant risks and rewards. But the federal government has given up on addressing the biggest environmental threat of our time, putting waterfront communities such as Virginia Beach further in harm’s way.”

Sea-Level Rise

Climate change is driving warmer temperatures, raising sea levels and making extreme weather events more frequent and severe — all of which threaten businesses like mine. Climate change has already raised sea levels on the Virginia coastline by a foot and a half in the past 100 years, and it’s only speeding up.

Another foot higher, and overflow from Little Neck Creek in the Lynnhaven River watershed will begin to separate my business — and everything else east of Cypress Avenue — from the mainland. Five feet higher, and we suddenly will need canoes for our commute to work. Twenty-thousand people in Virginia Beach live below that 5-foot elevation mark — and $5.7 billion worth of property is located there.

I checked to see if the oceans have been rising. According to a good source the National Ocean and Atmospheric Administration (NOAA), Global sea level has been rising over the past century, and the rate has increased in recent decades. In 2014, global sea level was 2.6 inches above the 1993 average—the highest annual average in the satellite record (1993-present). Sea level continues to rise at a rate of about one-eighth of an inch per year.

Laura Wood Habr worries about a foot increase and what that will do to her business. Most dire climate change predictions focus on 2050, which is 32 years away. If the oceans rise about 1/8 inches a year, by 2050 the oceans will have risen by 4 inches. I don’t think Laura has to worry. How about that foot rise she’s worrying about? That is 96 years from now. Will she even be in business in 96 years?

Humans make one big mistake in looking at trends.

They expect the trend to continue into the future just as it has in the past. That applies to the stock market or real estate. Until 2008, only a few people thought real estate would crash. After all, real estate is a great investment. It never goes down. They aren’t making any more of it.

We learn that the trend is your friend. Tell that to the people involved in the Tulip Mania, or the South Sea Bubble. How about the stock market bubble in 1929.

Don’t get sucked in by the arguments of the climate change warriors. Of course, climate changes. We have periods when there is plenty of rainfall and then we have a drought that lasts as long as the rainy period. The arrival of a drought has killed many ancient civilizations. I suspect we are closer to global cooling than global warming.

Top Books about HR Analytics

The Basic Principles of People Analytics

An ability to understand and anticipate human behavior contributes to the rational use of resources. Such skills open up a huge field of activity for experts. Despite the comparative novelty of the mentioned discipline, the first thematic blocks were laid several decades ago. Below, we present a list of books that will aid both professionals and beginners to better comprehend the basics of management and achieve maximum results.

The Basic Principles of People Analytics

This manual introduces readers to fundamental rules of analysis of human nature. It contains more than 20 illustrative examples, and business cases are directly related to practical application of knowledge on prognostication. Its author, David Green, plunges into the world of relationships through an accessible language and simple concepts.

Doing HR Analytics – A Practitioner’s Handbook with R Examples

This is a real scientific research, including facts, sets of figures and other useful statistics. In fact, the indicated guide tells about how to deal with internal absenteeism, to cut staff painlessly and to motivate wage-earners. Lyndon Sundmark focused his attention on the details, describing practical nuances of personnel supervision. The author dressed own text in an attractive presentation format, which greatly facilitates the audience insight on HR-analytics aspects.

The Power of People: Learn How to Use Successful Organizations

Actually, we deal with a bestseller designed for HR managers and chiefs of any level. If you are planning a business project, first read these books. They will help you not only to cope with enormous energy and potential of workers, but also to get acquainted with innovative ideas in this area. The title is not chosen by chance. The manual is written for people in order to teach them to find a common language with their own kind. Their impressions and experiences are shared by adepts.

Winning on HR Analytics: Leveraging Data for Competitive Advantage

In the current world of global innovation, HR knowledge becomes dominant. It is these skills that facilitate the measurement of a potential of social capital and setting of strategic goals for various devices. Famous global giants like Google, Walmart or American Express have achieved tremendous results due to the correct domestic policy. The authorities of companies highly appreciate the contribution of each laborer to the common cause, which stimulates the staff to produce new ideas. Wise analytics involves verifying the findings, updating research methods and formulating clear hypotheses. This book is invaluable for practitioners seeking to create healthy competition.

The Employee Experience Advantage: How to Win the War for Talent by Giving Employees the Workspaces

Conclusions and recommendations of the mentioned study are based on the outcomes, grounding on more than 100 scientific articles and interviews with successful executives of firms. The authors came to an inference about the existence of three communication levels within any organization, namely: cultural, technological and physical components. Visiting every milieu, you can reach extrapolation of staff‘s experience through the space COOL, technology ACE and culture CELEBRATED. Specialists are given a unique chance to design a future workplace where employees will want to spend as much time as possible.

“The Workplace Is Killing People, and Nobody Cares” by Jeffrey Pfeffer & Dylan Walsh

The authors of this book begin not with a boring preface, but with accusations against employers. The last is that people are forced to die for their wages, working in bad conditions. The human psyche is under the pressure not only of modern fears and depression. Excessive damage is caused by the indifference of companies that are not interested in the excellent arrangement of an office. According to Pfeffer, it is the analyst who is able to shed light on the solution to this issue. Having received the relevant data, you will give an opportunity to make a correct assessment of the production dynamics, team cohesion and a sense of individual satisfaction. It remains only to hope that the sharks of business will find it necessary to listen to Pfeffer’s advice and reduce the harm caused. The main thing is to get it in the nearest store.

“Why HR needs to up its game in strategic people analytics” by Max Blumberg

Max Blumberg is known for his original thoughts and powerful interviews about social capital. Some of his articles have a truly provocative effect. The last work is no exception. On its pages, he states that current managers need to step up to address economic problems. The lack of an adequate response will inflict enormous damage on the company’s laborers. The author practically paints a training course aimed at improving the fundamentals of HR and forecasting in general. Max argues that this is one of the numerous ways to get people to move from concrete projects and operational tasks towards the real impact on business leaders.

“How to start a people analytics project” by Andrew Marritt

This author refers to one of the most astute commentators on technological and human subjects. Already in 2018, Andrew wrote a lot of articles, including the problem of HR analysts. His data are systematized and verified. He describes a number of techniques, such as “5 Whys”, for the timely identification of a “hole” in a business structure. In addition, the author emphasizes the need for its quick resolution, gives recommendations on the development and testing of concepts, suggests new methods of gathering information and criteria for assessing success. In general, you will receive a guidebook for all times, compiled in a simple and understandable language.

“Big Companies Are Embracing Analytics, But Most Still Do not Have a Data-Driven Culture” by Tom Davenport & Randy Bean

According to the Bersin study, more than 60% of large companies have acquired special teams to analyze behavior patterns. Not surprisingly, only understanding their motives receives the key to the progress of any collective action. Important decisions should be made taking into account the received data and internal culture. This article is more relevant than ever, as its authors demonstrate that only one-third of firms have succeeded in switching to a data policy. On the one hand, such conclusion sounds promising, indicating further trends. On the other hand, the figure is appalling as few firms have realized the value of HR analysts.

Thus, your attention was given to the list of books have repeatedly proved their effectiveness, both in providing theoretical information and in testing practical skills. Naturally, it is difficult to call it exhaustive. In fact, every month there are interesting novelties that cause a desire to try the methods they proposed in real life.

Leveraging Commercial Property Investment – Mezzanine Financing

Investing in property is a common way people secure their hard-earned money in a profitable way. Along with having their earnings saved, they also have the opportunity to earn more on it when property rates rise. This is why some investors choose to purchase or put money in commercial property.

But due to the perceived high-risk nature of commercial property, many are skeptical of investing in it when compared to investing in residential projects. The reality is far from this as commercial properties offer significant cash flow benefits, fewer ongoing expenses and a better rent certainty in the longer run.

Leveraging Commercial Property Investment – Mezzanine Financing

If you want to take advantage of these benefits and invest in commercial properties, there are several ways you can secure financing to begin the process. The main thing to understand here is how to leverage your investment and raise debt in a way that your risk is managed practically.

Leveraging is basically the amount of debt borrowed from lenders for a project to strategically increase wealth and improve cash flow. You can receive positive leverage when the cost of the loan is less than the return the commercial property makes. This way the investor adds to their wealth from the debt, making a profit on the overall project specifically when the property appreciates.

To gain this positive leverage the investor needs a well-placed capital at a fixed rate with long –payment terms and equal monthly payments. While these terms might not always be offered, there are several public and private lenders who will agree to negotiations.

But when you are able to receive capital that amortizes at these terms, you will have time to pay off the loan while earning from the property. Your loan and interest will be paid off from these earnings, also maximizing your returns on investment.

While receiving a loan from a bank is the most traditional way to leverage debt, it only covers a part of the total debt you require. Another way investors leverage their investment is by obtaining the ‘middle slice’ of the debt through mezzanine investment. If you don’t know what mezzanine debt financing is, here is a brief explanation:

Mezzanine Debt Financing

Mezzanine debt financing involves an investor receiving additional fixed-rate capital on top of their already secured mortgage to increase the total amount of investment for a commercial property or any other project. Another factor about mezzanine financing is that it is subordinated debt, meaning that the lender agrees to be paid as second priority to the bank.

Companies and investors seek this source of financing to leverage their returns while still raising debt from non-bank lenders through financing agencies such as Stamford Capital. They receive the first part of the investment as a mortgage from a bank, put a portion of money from their own pocket for buyout and receive the other part from mezzanine sourcing. This also helps an investor diversify their equity over multiple projects.

By leveraging your property in the beginning, you ensure that you make a profit on your investment and have the opportunity to work on other projects.

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