Managers always joked about the Peter Principle - That you promote a person until he reaches the level of his incompetency.

However, and unfortunately, people performance is not consistent, and there are many ocassions when you want to invest more or promote an employee who done well so far, and suddenly finds to your horror, that he/she is on a downward spiral.

In short, while past performance is a good indication of future performance, sometimes good past performances don’t get a follow through.

Issue: A Good Employee Turns Scratchy - BusinessWeek

An impressive employee diligently works her way up through the ranks—only to give a subpar performance once she gets to the top

It looks like Harvard may be set to lose about a third of their money, or over 10 billion dollars.

Bad times…

How Harvard’s Investing Superstars Crashed - Forbes.com

The lavish spending was made possible by the earnings from Harvard’s $36.9 billion endowment, the world’s largest. That pot was supposed to be good for $1.4 billion in annual earnings.

Behind the scenes, though, a different story was unfolding.

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You can get into the news, because your lawsuit is not only weird, but also because your family name is Boring!

Aaron and Christine Boring, the couple who filed a lawsuit against Google, claiming that the Street View service violated their privacy by publishing a photo of their house, have ended with empty hands and even more publicity.

The couple claimed that the road leading to their house was clearly marked as private, and that Google’s Street View vehicle has disregarded the sign and invaded their privacy. They sought the images of their house taken off Street View, and over $25,000 in damages. The U.S. District Court for Western Pennsylvania, however, has dismissed the lawsuit, claiming that the Borings “failed to state a claim under any count.”

Google’s view on the matter is that, unfortunately, “complete privacy does not exist” due to satellite imagery which doesn’t really care about “private road” signs. They do, however, remove images from the service if you ask them nicely.

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Related Articles at Mashable | All That’s New on the Web:

Google Responds to Viacom’s Lawsuit
Google Wins A Belgian Court Battle
MySpace Wins Legal Battle Against “Spam King”
Yahoo and Google Sued Over Their Names
Google Sued Over “Misleading” AdSense Opt-In Policy
Google Stands Up for Blogger Privacy; Wins Case
Robert Tur Jumps On YouTube Class Action Lawsuit

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A few billion here, and a few bilion there, and now you are talking about real money!

The financial bailout was supposed to be just a few billions could do the job…. then it ballooned…

Bailing out the auto industry was just a few billion here and there… Now it could top 100!

Problems like this are always deeper than we think…

General Motors and Chrysler LLC asked the government Tuesday for $21.6 billion in additional loans, but the final cost of a bailout of the auto industry could be significantly higher.
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Well, even Apple is affected.

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But its not like they can keep growing without a business model…. It seems to say that once you nail a business model, and knows how to monetize the traffic you will keep growing…. Otherwise…

Twitter just received another $35 million in funding, and one investor claims the company is now well-positioned to grow without nailing down a business model for years to come.

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Here are 2 I like:

- If you buy things you don’t need, you’ll soon sell things you need.

-Don’t save what is left after spending; Spend what is left after saving.

- Never test the depth of the river with both feet.

I remember 15 years ago, there was the Japanese real estate collapse. Every so often, you would read in the news about the United States trying to pressure Japan to discipline and close the banks with bad real estate loan portfolios.

A few years ago, there was a lot of noise about China’s bank lending to bad companies, and another pressure to close or discipline banks.

Well, its now the american banks turn, and I guess the United States is having a problem also closing these banks. It is always easier to preach….

America’s New Frugality - Forbes.com

Playing sports rather than attending sporting events;

Discount retailers rather than high-end retailers;

Lower- and mid-priced restaurants instead of high-end restaurants;

Eating at home instead of eating out;

Going on a picnic instead of eating out;

Watching movies at home instead of going to the movies;

Reading a book instead of going to the movies;;

Fixing my car instead of buying a new one;

Fixing up my house instead of moving;

Playing games or watching TV instead of going out;

Clipping coupons when I shop;

Shopping more for sale items;

Buying generic or store brands instead of name brands;

Buying used stuff instead of new stuff;

Selling stuff I no longer need;

Drinking water instead of soda;

Negotiated rates on hotel and travel, vs. full price,

Free online news and information instead of magazines, newspapers, etc.

He was 93, and hardly poor.  To freeze to death is an unworthy end.

Man who froze had history of late utility payments - CNN.com

Marvin Schur may have been worth hundreds of thousands of dollars, but the World War II veteran was chronically late in paying his utility bills during the two years before he froze to death last month at age 93 in his home in Bay City, Michigan, after his power was cut off.