Author Archives: Edwin Lee

About Edwin Lee

Retired electrical engineer, entrepreneur, and CEO. Co-founder of four companies (2 successful and two other learning experiences), author and speaker, inventor with 23 US Patents. More complete bio at www.elew.com

Collective bargaining is essential but usually fatally flawed

The collective bargaining between the NFL owners and players broke down quickly. Next season is in jeopardy. There are two serious flaws in their negotiations: a lack of mutual respect and an absence of key stakeholders. The first led to … Continue reading

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Watson: a boon and a danger

 In his essay In the Watson Era, Will the Computer Be Servant, Master, or Savior? , Clay Farris Naff correctly grasps the potential that Watson demonstrat­ed when it beat two Jeopardy champions. As he says, there is no doubt that … Continue reading

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Economics Symposium at MIT: brilliant and interesting, but largely unreal

Last week MIT kicked off its 150th anniversary with an economics symposium which featured about 30 of the titans of economics and finance connected to MIT, including two Nobel Laureates. More than 1000 people gathered in Kresge Auditorium to listen … Continue reading

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Cut the baby in half!

Two women, fighting over a baby, were brought before king Solomon. Both vehemently claimed to be the baby’s mother. Solomon took the baby, drew his sword and said he would give one half to each of them. At this, one … Continue reading

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Mr. President: Let the Bush Tax Cuts Expire

The Bush Tax Cuts have already increased the Federal budget deficit by nearly $1 trillion over the last decade. If extended they will add over $100 billion more in 2011. These tax cuts, particularly the elimination of Estate Taxes in … Continue reading

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1 Fundamentals of Systems

An economy is a huge, complicated and somewhat uncertain system. It includes materials, machines, networks, companies and governments as well as millions of people who make rational, emotional and arbitrary economic decisions. Some decisions, like buying a suit at Nordstrom … Continue reading

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