GARY KAPANOWSKI: China’s manufacturing index falls for 6th straight month

China’s official manufacturing purchasing managers index, a gauge of the nation’s factory activity, fell to 49.4 in January from 49.7 a month ago, adding to signs of continued sluggishness in the world’s second largest economy. China’s official manufacturing purchasing managers index, a gauge of the nation’s factory activity, fell to 49.4 in January from 49.7 […]

GARY KAPANOWSKI: Why the Financial Crisis Took Economists By Surprise

This article is an excerpt from Alan Greenspan’s latest book, “The Map and the Territory: Risk, Human Nature, and the Future of Forecasting”.  As Lean Six Sigma professionals, we also value data and statistical modeling to solve problems.  We need to realize as Greenspan indicates don’t discount the negative tail in your analysis or the […]

GARY KAPANOWSKI: David Weidner Opinion Article on Ben Bernanke is just wrong

It is very common in the financial press to just blame the people that are in the position of doing actions. Hey why not, who’s is going to call them out to take responsibility for their opinion columns.  In this case, it’s like blaming the canary for dying in the coal mine.  The real root […]

GARY KAPANOWSKI: A college degree is worth $1 million

Over a lifetime, the average college graduates will earn $1 million more than high school graduates.  There is more too.  The difference between the highest-paid college majors and the lowest-paid is more than $3 million dollars per a study by Georgetown University Center on Education and the Workforce. The study analyzed wages for 137 college […]

GARY KAPANOWSKI: Sigma Calculator

Everyone can value a quick and efficient way of calculating a formula.  The Sigma Calculator on this website is the easiest and quickest way to get your Sigma Z score.   Understanding the assumptions in this case will provide the path toward your answer.  Basically, the calculator will add 1.5 Sigma shift to the process as […]

GARY KAPANOWSKI: Why the Financial Crisis Took Economists By Surprise

This article is an excerpt from Alan Greenspan’s latest book, “The Map and the Territory: Risk, Human Nature, and the Future of Forecasting”.  As Lean Six Sigma professionals, we also value data and statistical modeling to solve problems.  We need to realize as Greenspan indicates don’t discount the negative tail in your analysis or the […]