While the nation was hunkered down during quarantine, Tom Blansett, CFPAI, Dan Helgerson, CFPAI, and Ernie Parker, CFPAI, were busy conducting free biweekly online study groups. These recorded presentations are available to IFPS members and are especially helpful to those preparing for a certification test. Visit ifps.org/web-seminars to register and view the presentations and others […]

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For the 2020 incarnation of Fortune’s Most Powerful Women in Business list, the criteria have changed somewhat. As the pandemic and the protests after George Floyd’s death have made clear, serious problems need to be addressed in society. Add in climate change and the #MeToo movement, and it was time to add a new dimension to the MPW selection process. As Fortune’s Kristen Bellstrom and Beth Kowitt, who lead the project, explain:

“Simply put, 2020 is the year when we said a final goodbye to business as usual…We wanted to understand how an executive is wielding her power. In this moment of crisis and uncertainty, is she using her influence to shape her company and the wider world for the better?”

How has that changed the list? For the most part, 2020 has shined a harsh light on the tech industry’s failings, whether in stopping the spread of … Read the rest

By Ed Danzer, 6K Products As hydraulic system working pressures increase, component design details become more important. High system pressure, defined as 6,000 psi (41,000 kPa or 410 bar), is the pressure setting on some newer excavator functions. A system that operates at 6,000 psi will see short pressure spikes that are two to three […]

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“The key to investing is not assessing how much an industry is going to affect society, or how much it will grow, but rather determining the competitive advantage of any given company and, above all, the durability of that advantage.”
Warren Buffett, Fortune, 1999

Few business models are more reliable than a casino’s. People love to gamble, and because the house has a statistical advantage over its customers in every game it runs, the more people play, the more the casino makes. Factor in all the cash people spend on dining and entertainment inside those bright, windowless boxes and you’ll understand why casinos are inherently good businesses.

In normal times, that is.  

COVID-19 turned the world upside down, especially for businesses that depend on big crowds: theme parks, cruise ships, concert halls, and, of course, casinos. While most of these businesses remain severely depressed, casinos—especially the regional ones, where people drive … Read the rest