Dr. V.E.”Bill” Haloulakos is an AIAA National Distinguished Lecturer and a contributor to The Business Thinker


A new phenomenon has surfaced in our country. Political leaders, government bureaucrats and even some academics are floating the idea that perhaps it is OK for people, especially the young ones, not to work. Perhaps they see that as a way to solve the unemployment problem and the economic stagnation that plagues the country. In addition, since these people will receive a government subsidy they will be indebted to the politicians so they will continue to vote them in again and again. Have we arrived at “the de Tocqueville” situation? This article attacks this concept as un-natural for it is in the very nature of people to WORK, otherwise life will have no meaning. Besides the USA was founded on the basis of hard work.


In the world of Physics Energy is defined as “the ability to do work” and work is given a mathematical definition as “the moving of a mass (material object) by a force through a distance. The precise amount of work being simply the product of the force times the distance”.


Logged out of reality

Alexis Papachelas (2)Mr. Alexis Papachelas is a guest editorial writer to The Business Thinker. He is currently the Executive Editor of the long standing and highly respected daily Greek newspaper “Kathimerini”.

It is a global phenomenon, and we have yet to fully grasp its implications for democracy and the functionality of Western states. The Internet is a bottomless well of information and a vast forum where different ideas are endlessly being exchanged. The anarchic nature of cyberspace is one of its biggest attractions and, many people hold, it expands the limits of our democracy because it gives a say to every individual.

The problem of course lies with the thoughtless, no-filter reproduction of misguided, extreme stories that influence the beliefs and the attitudes of large numbers of people. Some dodgy website in America’s South posts a story about US President Barack Obama being a devout Muslim and the Internet goes wild.

Continue reading Logged out of reality

How Not to Overpay for the Business you Buy

drjohn11aDr. John Psarouthakis, Executive Editor of  

A carefully planned and executed search process is likely to improve your odds of finding a company with which you can be successful.  Too often, people rush into deals only to find out later that they did not purchase what they had expected.  They suffer negative business consequences, such as lower than anticipated profits and sales.  The alternative, careful planning may cost more initially and require more effort but is likely to lead to better business results in the long run.

In my experience in the acquisition process I found that as high as 60% of acquisitions made fail to meet the acquisition-performance goals, ROI, ROE, etc., that were set at the closing and which influenced significantly the price paid.  Just 25% met or exceeded those goals; the remaining 15% were indeterminate.  There is one overriding reason for this high rate of failure and that is overpaying for the acquired company.  Overpayment is a result of (1) an overoptimistic expectation of the market, (2) a higher-than-realistic estimate of internal improvements/developments, and (3) allowing of oneself into a horse race leading to a higher price than the business is worth, due to the bidding process that the seller has succeeded to establish.  In order to avoid as much as possible the elements mentioned above.

Reference: “How to Acquire the Right Business”,  go to