Natural Beauty amongst Incredible Rock Formations in Utah’s Zion National Park

The Narrows (Virgin River) in Zion National Park, Utah

The oldest of Utah’s national parks, Zion was first brought to broader attention by ground-breaking Mormon settlers in the 1860s who commended its glory. One of the pioneering Mormons, Isaac Behunin, gave the canyon its biblical name.

Excavated by the Virgin River eons ago, Zion Canyon is a deep cavern in the earth, showcasing incredible rock formations in concert with the tranquil water in motion. The walls of red-and-white Navajo sandstone that launch parallel up to 2,000 feet were carved by the unyielding Virgin River, though this may seem quite unlikely today as the river meanders peacefully along the bed of the canyon, constructing a mesmerizing oasis of waterfalls and untamed meadows. If you have the time, Zion National Park’s 229 square miles of remarkable landscape can cater for a wide range of appealing sports, as well as hiking, bicycling, riding, rock climbing, and rappelling.

Zion Canyon in Zion National Park The idyllic headquarters from which to commence into such a throng of activity—or simple meditation, if you wish—is a mere three-minute drive from the park’s eastern entrance at the suitably rustic and splendidly charming Zion Mountain Resort. Accommodation can be found in cozy wooden cabins for couples and roomy lodges for families and larger groups, all with magnificent views across the mountains. In close proximity are grazing buffalo, carelessly roaming the open plain as guests unwind on concealed patios or let everything go in a hot tub after the physical exertions of the day. The resort is also within relaxing driving distances of numerous additional parks and monuments— remarkably Bryce Canyon and the northern rim of the breathtaking Grand Canyon.

The Indispensable Guide to Sake and Japanese Culture

Sake Ceremony in Japan

An Introduction to Sake and Japan

The Japanese archipelago stretches over 3,000 km from north to south. Therefore, there are various lifestyles and customs. In addition, Honshu (the main island) is divided into the Pacific Ocean side and Japan Sea side by it’s over 1,000-meter elevation backbone ridge. This further results in different lifestyles and customs.

Therefore, the various cultures such as food and drink, festival rites, and folk entertainment have developed according to the climate of the plains, basins, mountains, and seasides. Since there had been almost no historical influence of politics and religion, the cultures of each small local community have been well preserved.

Despite this history, the pursuit of higher-quality sake has progressively evolved.

For example, in ancient times, it was the custom for the people in each region to brew and drink sake with Shinto deities after offering it to those deities at festivals and events. The main sake was called doburoku (unrefined sake). However, such a tradition has declined these days.

More ancient sake, such as kuchinokami-no-sake (sake made from rice or other cereal which is chewed to promote fermentation) and shitogi-zake (sake made from powdered rice which is also chewed) were recorded but the details have not been confirmed.

Seishu (refined sake) is the symbol of present-day sake. In the urban areas, this dates back to the Edo period (17th to 19th century). However, for the farming, mountain, and fishing villages, it was after the Meiji era (19th to 20th century) with the development of brewing techniques and distribution channels.

Present-day sake is made with high-quality standards for a refined taste and is easily available.

However, this standardization does not necessarily mean the decline of the cultural aspects of sake. The relationships of festival rites and sake, appetizers and sake, and containers and sake pass on the unique Japanese tradition, although the differences of the regions are declining.

By striving for the excellent taste and recounting the history of sake, we hope to pass on this part of Japanese culture to future generations and the international community.

History of Sake

History of Sake

Sake is made from rice. In Japan, sake has been consumed since ancient times. Of course, it is not exactly the same sake as what we have these days. The technique has advanced over time to the present day. Considering that the common ingredient, rice, is both the staple of Japanese food and the main ingredient of sake, this history goes back about 2,000 years.

The brewing of sake is a complex process. First, the rice starch needs to be converted into sugar. Then sugar is converted by kobo (yeast) into alcohol. The present, established method of converting starch into sugar is by koji-kin (aspergillus mold), the same process used since the fourth century. Until that time, sake was brewed by a method such as kuchikami-sake (sake made from rice or other cereal, which is chewed to promote fermentation.)

The organization called Miki-no-Tsukasa (sake brewery office) was established by the Imperial Court and started brewing sake for the ceremonies during the Heian period (eighth to 12th century). During the Muromachi period (15th century), hundreds of small-scale sake shops were born in Kyoto and sake came to be brewed throughout the year. At the same time, the brewers of soboshu, sake brewed in temples in Nara and other places, came to lead the development of brewing techniques.

Since then, the technical development with consistent quality has progressed and from the middle of the Edo period (around 18th century), the brewing technique was established and is similar to the technique used today.

First, koji-kin (aspergillus mold) is carefully grown over the steamed rice to make komekoji (malted rice). Then, to komekoji, steamed rice and water are added to make the fermentation starter, shubo (yeast mash). After that, the fermentation is promoted by the method called danjikomi (three-step fermentation process) by adding steamed rice, komekoji, and water three times. After the fermentation, sake is filtered, pasteurized at low temperature, stored, and matured. This production method requires very complex, advanced skill.

At around this time, it became popular to concentrate brewing sake in the best season, winter. This technical development gave rise to the special professional group of sake brewing consisting of toji (chief sake brewer) and kurabito (a worker at a sake brewery.) Migrant workers mainly from farming villages during agricultural off-season became the professional group.

It was also discovered that the quality of water used in brewing had an effect on the brewing of sake. It was the development of the breeding of rice, brewery science, and manufacturing facilities after the Meiji era (19th to 20th century), which marked the beginning of modern Japan, that established the modern brewing process. However, the skill involved with the multiple parallel fermentation process, which converts rice starch into sugar by koji-kin (aspergillus mold) and converts sugar into alcohol by the power of kobo (yeast) simultaneously, has not changed even today.

The fermentation method, which performs simultaneous saccharification of rice and alcoholic fermentation of sugar. With this method, the putrefaction risk becomes lower and alcohol content becomes higher than saccharifying and fermenting alcohol separately.

Various Sake Produced in Climate Conditions of Japan

Japan, which is situated off the northeast portion of the Eurasian continent is a long arc-shaped island country, surrounded by the Kuroshio (warm current) flowing from south to north and the Oyashio (cold current) flowing from north to southwest. The climate varies greatly from north to south and from the Pacific Ocean side to the Japan Sea side. Japan also belongs to the temperate monsoon region and experiences four seasons. However, due to the central mountain range that divides the archipelago, the character of the climate, even at the same latitude, is quite different from the Pacific Ocean side to the Japan Sea side.

As a result, the farm and marine products are very different in each region. Although food from all over the country is available these days, it was in the past the custom for the Japanese to eat local food using local recipes. Therefore, traditional Japanese cuisine is as diverse in flavor, seasoning, and cooking methods as each region.

As a result, the basics of brewing sake in over the 1,000 breweries in Japan are to match the sake to the local diet. For example, there is many red fish caught from the Pacific Ocean, white fish from the Seto Inland Sea, and fatty fish from the Sea of Japan because of the extremely cold winters. Food preservation developed in the inland provinces. In addition, some breweries brewed sake for Edo (present-day Tokyo), which was the world’s largest consumer city during the Edo period (17th to 19th century). Brewing sake for each lifestyle and diet was developed and refined for each region.

Even now, the Japanese cultural sensitivity to the four seasons is reflected in how sake is consumed. Each season brings us a different type of sake and a different way to drink it. In autumn, we have hiyaoroshi, which is sake well matured over the summer; in the winter to early spring, shiboritate (fresh sake) with a fresh flavor; in the hot summer, namazake (unpasteurized sake), which is cooled in the refrigerator. Some prefer to drink sake cold or at room temperature called hiya (unwarmed sake). On the other hand, even these days, others prefer the traditional drinking custom of kanzake (warmed sake) from autumn to spring.

Sake and Japanese Cuisine

Recently, a technical approach to sake brewing has developed. There are the traditional kimoto and yamahai with a sour and thick taste; and daiginjo (very special brew) with the fruity taste using highly polished rice and brewing at a low temperature. Recently, sparkling sake is being produced.

The traditional method of growing of active kobo (yeast) through the action of lactic acid produced by natural lactic acid bacterium while preventing other bacteria activity.

Yamahai operates kimoto-type shubo (yeast mash) growing method which cut the operation procedure called yamaoroshi, grinding rice during the process of active kobo.

Most importantly, the quality control of sake after shipping is essential for enjoying the delicate taste and different flavors. The reason for the sake containers to have lightproof brown or UV-cut bottles is to reduce the sunlight, the most dangerous factor for preserving sake. For drinking delicious sake, it is important to store it in a cool, dark place.

Three Reasons Why Sake Goes Well with Japanese Cuisine

A distinct flavor produced from the brewing of sake is called umami, or savory good taste. These days, sake is consumed with a variety of delicious foods. However, traditionally, it was consumed with a simple appetizer called sakana. The variety of conditions spanning east to west in Japan has produced a diversity of flavors complimentary to the local sake.

  1. Sake contrasts well with salty foods. Because the Japanese summers are hot and humid, salted seafood evolved as a preservative over smoked foods. Therefore, many appetizers that are consumed with sake are high in salt content. Shiokara (salted and fermented fish innards) and naresushi are such examples. It was also common to have sake with salt and miso (fermented soybean paste) only. The umami character of sake goes well with the salty taste of these appetizers.
  2. Sake complements fermented foods. The variety of ingredients used in Japanese cuisine results in unique seasonings. Common seasonings such as shoyu (soy sauce), miso, komesu (rice vinegar), and mirin (sweet sake for cooking) are all fermented using koji (malted rice). In particular, shoyu and miso, like sake, are uniquely developed in each region and have become the main taste of the local cuisine. The predominant use of fermented foods and almost no use of oils and fats are the features of “Washoku: Traditional Japanese Dietary Cultures” listed on UNESCO’s Intangible Cultural Heritage list.
  3. Sake is good in recipes for cooking. The variety of fish, which Japanese people prefer to eat, is rich in minerals and calcium, more than that of Western food. Sake goes well with these flavors. Additionally, it has a good masking effect to remove the odor of raw fish. Therefore, sake is often used, not only as a drink, but also as a cooking ingredient. For these reasons, sake goes well with Japanese cuisine.

The good taste and the variety of qualities of present-day sake have not only become popular over a wide range of Japanese cuisine. It has also become popular with international dishes including fatty meats.

Sake Strongly Connected with Traditional Ceremonies

Shinto is a polytheistic belief system based on nature and ancestor worship. As such, there are many Shinto deities throughout Japan. Based on farming culture, Japan cultivates rice in the northernmost possible location of the world. Rice produced under these severe weather conditions has become the most precious staple food for the Japanese. It has been ancient tradition to celebrate the good harvest and express gratitude by offering sake to the deities. The food and sake offerings to the deities are called shinsen. Although there are various offerings for each region, the essential ones are as follows: miki (sake made from fermented rice), mike (washed rice or boiled white rice), and mikagami (round rice cake made from pounded steamed rice).

These days, the Japanese people eat rice throughout the year as a staple food. However, in the older days, people used to eat katemeshi, rice mixed with crops such as millet as a staple food, eating pure rice only on honored days such as ceremonies. In addition, sake made from the abundance of valuable rice and through much effort has become the most important part of these offerings.

Drinking sake with the deities and offering gifts to them on festival days are traditions passed on to today. Even today, the summoning of the Shinto deities is a tradition that is preserved throughout Japan.

For example, the ceremony jichinsai, for the construction of the new buildings, is performed by sprinkling sake over the property and offering it to the owners. Furthermore, Japan celebrates four distinct seasons with a festival called Sekku, performed at the turning point of each season. Although it has been simplified in recent years, it used to be the custom to float seasonal flower petals on sake, admire the flowers, and drink sake. For example, peach sake in March, sweet-flag sake in May, and chrysanthemum sake in September. People drink it to ward off evil spirits and wish for a long life. Also, on New Year’s Day, there is a custom by which people wish the peace for the new year by drinking sake called toso, a mixture of about ten kinds of herbs mixed with seishu (refined sake).

While feeling the change of each season, we Japanese hope to cherish those events by celebrating with sake and strengthen the ties now and forever.

Sake in Japanese Wedding Ceremony

Sake Necessary for Social Bonding

Since ancient times, Japanese have used sake as a way to create special bonds with each other. Sakazukigoto is a ceremony meaning the exchanging of sake cups. San-san-kudo is the most popular type of ceremony. After pouring sake, each person takes three sips of sake from each of three kinds of cups: large, middle, and small. It is important to sip three times as the number three is considered lucky. Especially in wedding ceremonies, san-san-kudo is usually performed while making vows before Shinto deities.

Outside of weddings, a custom called katame-no-sakazuki (ceremony of exchanging sake cups as a pledge of friendship) is used when people with no blood relationship become sworn brothers or a parent and a child. The phrase, “exchanging sake cups,” has a similar meaning as “contract” in Western societies. The phrases “drink sake together” and “eat out of the same pot,” mean closer relationships without any special contracts.

During present-day Japanese banquets, we often hear the phrase like “let’s do without the formalities and make ourselves at home today.” This means that there is no distinction between social statuses for developing relationships. Usually organizers and guests of honor give the opening speech to propose the toast saying, “kampai” at the beginning of the banquet. Kampai means to dry or empty a glass. It is a Japanese word to express not only a toast, but also a feeling of cultural bonding.

After this reiko (formal ceremony) people start bureiko, an informal party. The phrase, “we wish you continued success and prosperity …,” is usually used to propose a toast of kampai.

The word kinen means, “praying to the deities” In short, the original traditional ceremony sakazukigoto (ceremony of exchanging sake cups) is symbolized in the act of the toast, kampai, as the simplified confirmation of the purpose of the gathering. Therefore, we make a toast, kampai, with sake to pray to the deities.

Originally, it was common that people drank sake not only for auspicious occasions but also for funerals and Buddhist services. People drank sake to bid farewell and to remember the deceased. For important emotions in Japanese life, sake was indispensable.

Sake in Gift Exchange Culture

Gift Exchange Culture and Sake

It is ancient tradition and customary for people to exchange sake as gifts. First, sake is indispensable as the offering to the deities.

People bring sake as the celebration gift on New Year’s holidays and at festivals saying the words such as “we offer this to Shinto deities” or “we offer this to Buddha.” After offering sake to the deities, people commenced with osagari, consuming sake with the deities. Therefore, sake is indispensable as the gift on festival days.

Also since ancient times, sake has been used as the expression of sympathy and condolences. It was especially important to give sake as an expression of sympathy in the case of fires and disasters. It was custom for neighbors to help clear debris of fires and disasters. It was also custom to bring sake to encourage good feelings and restore good luck. As such, the custom of bringing sake as the expression of sympathy after fire and accidents was established.

There are other Japanese unique gifts called o-chugen in summer and o-seibo at the end of the year. These are gifts from one person to another to express gratitude for their help. The gift-giving custom of o-chugen and o-seibo started during the Edo period (17th to 19th century) when subordinates gave gifts to superiors as a token of their gratitude. In return, the superiors would give back a gift, twice of value, called baigaeshi. Soon after, this custom became popular regardless of social rank. The main gift was sake.

Although modern society has a variety of items for gift giving, the custom of giving gifts as religious offerings, expressing sympathy, and o-chugen and o-seibo are deeply rooted in Japanese society. Sake still shows its presence as one of the main gift items.

Development of Sake and Its Distribution

Originally, sake was brewed in each region throughout Japan as local production for local consumption. From the late Muromachi period (16th century) to the early Edo period (17th century), the brewing industry was concentrated in the Kinki region such as Nara, Fushimi, and Itami.

This changed during the Edo period (17th to 19th century) because of a peaceful 300-year reign of the Tokugawa shogunate and a developing economy. Since the population of Edo (present-day Tokyo), the center of politics, was already over one million, there was a strong demand for sake there. In addition, the shogunate and related domains strictly controlled the licensing system for production and sales of sake.

Present-day Nada in Hyogo Prefecture, the largest sake-producing district, grew as the largest sake supplier for Edo. Originally, the Kansai region had the concentration of sake brewing techniques from the Nara period (eighth century). Also, the extremely cold winter climate was suitable for brewing sake. In addition, an abundant supply of hard water called miyamizu, suitable for brewing sake, was discovered there.

As it was located near Osaka, the center of the nation’s economy, a special sea route using a ship called tarukaisen was established for shipping the sake to Edo. Although it had several sea routes surrounding the Japanese archipelago, throughout the Edo period, the original purpose was for the transport of sake.

The sake wholesale district in Edo, Shinkawa, which was established as the shipping discharge base in Edo, became the largest base of sake distribution in eastern Japan. Sake brewing in Nada was developed to the taste of urban residents of Edo. Nada thus grew as the representative sake-producing district in Japan. Because of the abundance of sake shipped to Edo, it was easily available to the population.

Since the main distribution system moved from maritime to railroad in the Meiji era (19th to 20th century), several sake brewery districts were established mainly for selling outside of their own area: Fushimi in Kyoto Prefecture, Saijo in Hiroshima Prefecture, and Jojima in Fukuoka Prefecture.

Nowadays, people can drink various locally brewed sake quite easily throughout Japan owing to the development of reliable logistics systems. Presently, the most productive districts of sake are Hyogo Prefecture, Kyoto Prefecture, Niigata Prefecture, Saitama Prefecture, Akita Prefecture, and Aichi Prefecture.

Sake as the National Alcoholic Drink of Japan

Presently in Japan, people can drink various types of alcohol such as beer, wine, and whiskey along with various foods from all over the world. It was important for us to understand and respect the cultural backgrounds of each country as we consume a variety of traditional food and drink of each of those countries.

Although the Japanese diet has undergone many changes, the conventional Japanese cuisine and sake are being seen in a new light. At the same time, the cultural and historical significance of Japanese cuisine and sake have come to attract people’s attention as well.

The reasons why sake qualifies as “the national alcoholic drink of Japan” are the followings: it is made from rice and water, the blessings of Japanese climate; it has the unique technique of using koji-kin (aspergillus mold) grown by the blessed climate of Japan; it has the history that people have consumed it for a long time throughout Japan; it has the strong connection with Japanese native beliefs, traditional annual events, and lifestyle; and it is brewed all over Japan.

Therefore, cherishing “the national alcoholic drink of Japan” is none other than being proud of Japanese culture. Of course, it is also important to deepen the mutual understanding by respecting foreign cultures, histories, foods, and alcoholic drinks. Japanese sake has been recognized overseas as the word, “sake.” Furthermore, recently the words such as ginjo (special brew sake) and junmai (pure rice sake) have become popular as well. In recent years, the export volume of sake for overseas has increased favorably.

The Japanese have promoted sake overseas as the representative of Japan, in other words, “the national alcoholic drink of Japan.”

Why is Costco so Successful

Why is Costco so Successful

Costco established the warehouse club retail business model, which relies on bargaining power, a no-frills shopping atmosphere, supply-chain efficiencies, and customer-friendly typical markups on branded products. Now, Costco is transforming its no-fuss wholesale business into a global brand.

Membership Fees

Costco has become a significant shopping destination for consumers across all income levels, as well as small businesses. This is foremost because Costco derives approximately 75% of its operating profits from membership fees.

Costco derives nearly all of its profits from membership fees, allowing the firm to sell many of its products at little to no margin, and sometimes at a loss. These loss-leading capacities are reinforced by the firm’s deployment of gasoline to drive store traffic. When blended with membership renewal rates above 85%, these characteristics give Costco a defensible competitive advantage.

Succeeding Overseas

There is little room for more household penetration because Costco already has more than 70 million members; historical sales and earnings growth forecasts may not be justifiable.

In 1985, Costco opened its first warehouse outside the U.S. in Canada. Currently, Costco has 187 locations in Canada, Mexico, the U.K., Japan, Taiwan, Korea, and Australia. Overseas sales more than doubled from 2008 to 2013. While other traditional American retailers grapple to stay competitive in international markets, Costco’s no-fuss warehouse-shopping model is a new experience for international consumers. Remarkably, people in Asian markets are acclimatizing well to shopping in bulk—although it means fastening pallets of toilet paper and enormous teddy bears to the back of their motorbikes as they whizz away from the Costco parking lot.

A Good Living Wage for Employees

Costco has long been known for paying higher wages and offering more liberal benefits than its rivals have—and generating greater sales per square foot, too.

Unlike most retailers, Costco does not see raising employee salaries and growing profits as opposing objectives. While the average hourly wage for a full-time worker at Wal-Mart is $12.81, Costco pays its workers an average of nearly $21. Costco sees the return on this investment in its low employee turnover rates: Just 10% in 2013 and 7% for employees who have worked at least one year. High employee retention permits Costco to reduce considerably on training costs.

Superior Customer Experience

  • A guarantee of quality. Their model promises fundamentally “100% satisfaction” and they mean it. Their return policy stands out among the best in many retail categories and they are exceptionally relaxed about fulfilling it. Costco will take back an empty package of any food, if you are not satisfied, and give you your money back.
  • A extraordinary selection of products that is a bit more refined than most but at a pretty good price. A typical Costco store only carries about 5,000 items, and there is a bunch of those items that rotate regularly.
  • The “treasure hunt” model. The store does have a layout, but within that layout, everything is rotated frequently to keep you looking. This would never work at Walmart or Target —because you’d get frustrated. However, at Costco, it’s part of the fun to “treasure hunt” a new find. They have a very wide selection of very different merchandise types which offers an unique convenience level as a shopper.

CEO Jim Sinegal once said, “If that stuff doesn’t really turn you on, then you’re in the wrong business.” Costco caps margins at a sacrosanct 14% on branded goods, pushes buyers to find creative ways to lower prices and add value, and gets store managers to crank up their efficiency efforts. Under Sinegal’s leadership, Costco has gained a reputation for bargain prices and surprise designer goods.

C/C++ Implementation for Longest Common Substring Algorithm

C++ The longest common substring problem is to find the longest string that is a substring of two or more given strings.

You can build a generalized suffix tree for a set of strings with multiple strings using this implementation. A suffix tree contains all the suffixes of the given text as their keys and positions in the text as their values.

string longestCommonSubstring(const string& str1, const string& str2)
{

  if(str1.empty() || str2.empty())
  {
    return 0;
  }
 
  int *curr = new int [str2.size()];
  int *prev = new int [str2.size()];
  int *swap = NULL;
  int maxSubstr = 0;
   string longest;
 
  for(unsigned int i = 0; i < str1.size(); ++i)
  {
    for(unsigned int j = 0; j < str2.size(); ++j)
    {
      if(str1[i] != str2[j])
      {
        curr[j] = 0;
      }
      else
      {
        if(i == 0 || j == 0)
        {
          curr[j] = 1;
        }
        else
        {
          curr[j] = 1 + prev[j-1];
        }

          if(maxSubstr < curr[j])
        {
          maxSubstr = curr[j];
             longest.clear();             
        }

          if (maxSubstr == curr[j])
          {
            longest += str1.substr(i - maxSubstr + 1, i + 1);
          }
      }
    }
    swap=curr;
    curr=prev;
    prev=swap;
  }
  delete [] curr;
  delete [] prev;
  return longest.substr(0, maxSubstr);
}

United Club Shower: Chicago’s O’Hare Airport (ORD) Terminal 1, Concourse C

United Club Chicago's O'Hare Airport (ORD) Terminal 1, Concourse C

Chicago is a very large metropolitan area that supports a lot of international and domestic visitors. Chicago’s O’Hare Airport (ORD) is one of the few major airports in the world that is a primary hub for two carriers. The only other airport in the US where that is true is John F. Kennedy International Airport (JFK) in New York City.

Toiletries at United Club Shower

United Club Shower at Chicago's O'Hare Airport

United Club at Chicago's O'Hare Airport

Both United Airlines and American Airlines battle for passengers at the airport—both have noteworthy O&D traffic as well as being a primary connecting point for passengers from other parts of their network.

United Club Shower Area at Chicago's O'Hare Airport

United Club Shower Area at Terminal 1, Concourse C

Bath Towels United Club Shower Area

Koch Industries’ Market-Based Management

Koch Industries

Koch Industries employs a rigorous approach called the Market-Based Management philosophy to run the business. CEO Charles Koch has perfected his management playbook over the decades, and in 2007, published a book called “The Science of Success”, explaining how the system works at Koch.

MBM, as Koch employees call it, lies at the heart of how Koch operates every day. MBM is significant for the reason that it unites Koch’s employees, giving them a common language and a common goal. There is not a lot of art on the walls in Koch’s headquarters, but everywhere you turn, there is a copy of MBM’s 10 guiding principles hanging from the wall. When employees get a free cup of Starbucks coffee in the break room, the principles are printed on the disposable cup.

Five Dimensions of Koch Industries’ Market-Based Management

Companies owned by Koch Industries strive to bring the productive power of the free market into their operations by systematically applying Koch’s market based management philosophy through these five dimensions:

  1. Vision: Determining where and how the organization can create the greatest long-term value.
  2. Virtue and Talents: Helping ensure that people with the right values, skills and capabilities are hired, retained and developed.
  3. Knowledge Processes: Creating, acquiring, sharing and applying relevant knowledge, and measuring and tracking profitability. (Read, “Knowledge sharing in action,” from Discovery newsletter.)
  4. Decision Rights: Ensuring the right people are in the right roles with the right authority to make decisions and holding them accountable.
  5. Incentives: Rewarding people according to the value they create for the organization.

The Kochs Brothers consists of Charles Koch and David Koch. Two other brothers, William and Frederick, cashed out in 1983 and no longer have a stake in the company. The Koch brothers became heir to their father’s company in Kansas, and Koch Industries into the second-largest privately held company in the nation. The conglomerate makes a gamut of products including Dixie cups, chemicals, jet fuel, fertilizer, electronics, toilet paper and much more.

Kochs Brothers: Charles Koch and David Koch

Guiding Principles of Koch Industries’ Market-Based Management

'The Science of Success: How Market-Based Management Built the World's Largest Private Company' by Charles G. Koch (ISBN 0470139889) Market-Based Management has ten guiding principles that set the standards for evaluating policies, practices and conduct, establishing norms of behavior and building the shared values that guide individual actions. These guiding principles also serve as rules of just conduct along with shared values and beliefs. Koch’s focus and hard nosed thinking combined with his application of economics to management decision making, have enabled his firm to grow into a nimble, large company that keeps performing excellently.

  1. Integrity: Conduct all affairs with integrity, for which courage is the foundation.
  2. Compliance: Strive for 10,000% compliance with all laws and regulations, which requires 100% of employees fully complying 100% of the time. Stop, think and ask.
  3. Value Creation: Create long-term value by the economic means for customers, the company and society. Apply MBM to achieve superior results by making better decisions, pursuing safety and environmental excellence, eliminating waste, optimizing and innovating.
  4. Principled Entrepreneurship: Apply the judgment, responsibility, initiative, economic and critical thinking skills, and sense of urgency necessary to generate the greatest contribution, consistent with the company’s risk philosophy.
  5. Customer Focus: Understand and develop relationships with customers to profitably anticipate and satisfy their needs.
  6. Knowledge: Seek and use the best knowledge and proactively share your knowledge while embracing a challenge process. Develop measures that lead to profitable action.
  7. Change: Anticipate and embrace change. Envision what could be, challenge the status quo and drive creative destruction through experimental discovery.
  8. Humility: Exemplify humility and intellectual honesty. Constantly seek to understand and constructively deal with reality to create value and achieve personal improvement. Hold yourself and others accountable.
  9. Respect: Treat others with honesty, dignity, respect and sensitivity. Appreciate the value of diversity. Encourage and practice teamwork.
  10. Fulfillment: Find fulfillment and meaning in your work by fully developing your capabilities to produce results that create the greatest value.

C/C++ Implementation of Levenshtein Distance Algorithm for Approximate String Matching

C++ The Levenshtein is a measure of how costly it is to adapt a string into another one. If you assign a cost to adding a single character, switching one character for another, and removing a character then you can compute the cost between any two given strings.

Changing a character can be seen as removing a char and adding another one so when adding has cost 1 and removing has cost of one a modification has cost of 2.

The difference between two strings can also be measured in terms of the Levenshtein distance: the distance measure if you think the cost as the “distance” between two strings.

Text comparison is becoming an ever more relevant matter for many fast growing areas such as information retrieval, computational biology, online searching. Levenshtein distance can be used mostly to edit distance, explaining the problem and its relevance.

int levDistance(const std::string source, const std::string target)
{

  // Step 1

  const int n = source.length();
  const int m = target.length();
  if (n == 0) {
    return m;
  }
  if (m == 0) {
    return n;
  }

  // Good form to declare a TYPEDEF

  typedef std::vector< std::vector > Tmatrix; 

  Tmatrix matrix(n+1);

  // Size the vectors in the 2.nd dimension. Unfortunately C++ doesn't
  // allow for allocation on declaration of 2.nd dimension of vec of vec

  for (int i = 0; i <= n; i++) {
    matrix[i].resize(m+1);
  }

  // Step 2

  for (int i = 0; i <= n; i++) {
    matrix[i][0]=i;
  }

  for (int j = 0; j <= m; j++) {
    matrix[0][j]=j;
  }

  // Step 3

  for (int i = 1; i <= n; i++) {

    const char s_i = source[i-1];

    // Step 4

    for (int j = 1; j <= m; j++) {

      const char t_j = target[j-1];

      // Step 5

      int cost;
      if (s_i == t_j) {
        cost = 0;
      }
      else {
        cost = 1;
      }

      // Step 6

      const int above = matrix[i-1][j];
      const int left = matrix[i][j-1];
      const int diag = matrix[i-1][j-1];
      int cell = min( above + 1, min(left + 1, diag + cost));

      // Step 6A: Cover transposition, in addition to deletion,
      // insertion and substitution. This step is taken from:
      // Berghel, Hal ; Roach, David : "An Extension of Ukkonen's 
      // Enhanced Dynamic Programming ASM Algorithm"
      // (http://www.acm.org/~hlb/publications/asm/asm.html)

      if (i>2 && j>2) {
        int trans=matrix[i-2][j-2]+1;
        if (source[i-2]!=t_j) trans++;
        if (s_i!=target[j-2]) trans++;
        if (cell>trans) cell=trans;
      }

      matrix[i][j]=cell;
    }
  }

  // Step 7

  return matrix[n][m];
}

Visit the Jain Temples of Ranakpur, Rajasthan, India

Ranakpur's Jain Temple

Deep in the Aravali hills of the northwestern state of Rajasthan in India, between Udaipur and Jodhpur, stands the stunning fifth-century Jain temple of Ranakpur. Carved exclusively out of white marble and surrounded by green forest, the temple surveys its surroundings in each of the cardinal directions from its chaumukha, or “four faces”. Fortress-solid, great slabs of stone rise out of the ground to hold up the bulk of the temple’s extravagant exterior, a flamboyant edifice of cupolas, domes and turrets of soft grey marble.

In the interior, 1,444 intricately carved pillars hold up the roof, each one unique in its design. Soft light filters through the marble, changing its color from grey to gold, as the sun moves across the sky. Only the saffron and red fabrics of robes brighten up the surroundings as the monks and pilgrims pass between the pillars, through pools of light into shadow.

Temple to Adinath the first Tirthankara In the 15th century a Jain businessman named Dharma Shah had a vision that he should build a magnificent temple in honor of Adinath, the first Tirthankara (enlightened being) and founder of Jainism, also known as Rishabhadeva. He approached the local monarch, Rana Kumbha, to ask him for land on which to build. The king obliged him, and the temple was named “Ranakpur” in gratitude for his munificence.

The result is one of the most pleasant religious edifices in India. The temple is still in constant use and visitors are welcome, although, according to the Jain principle of ahimsa (non-violence to all things), they are asked not to bring any leather into the temple, including shoes. As you walk through Ranakpur, past delicate marble carvings and solemnly praying monks, the loving artisanship of so many individual souls is striking, and the atmosphere of devotion utterly absorbing.

The Four Filters of Warren Buffett and Charlie Munger

Charlie Munger and Warren Buffett, Berkshire Hathaway

Countless portfolio managers, hedge fund managers, investment analysts, mutual funds, institutional pools of capital and individual investors have grown up devouring everything that’s been said or written by or about Warren Buffett and Charlie Munger over the years.

In the 2007 letter to Berkshire Hathaway shareholders, Warren Buffett wrote, “Charlie and I look for companies that have a) a business we understand; b) favorable long-term economics; c) able and trustworthy management; and d) a sensible price tag.” Based on this sage advice, value investors must look for:

  • A business that we can understand. A business within your circle of competence.
  • A business with favorable long-term prospects. A business with a line of business that is not easy to duplicate. A business with excellent cash flow profile: excellent ability to generate and invest cash.
  • A business led and perated by honest and competent people.
  • A business available for sale at a very attractive price.

The Economic Impact of Aging Japan

The Economic Impact of Aging Japan

The saving rates in Japan will fall dramatically by 2024 and make Japan’s financial wealth decline. There are two direct reasons for this fall: one is that by 2024, more than a third of Japan’s population will be over the age of 65, which will lead the retired household to outnumber households in their prime saving years. Another reason is that the younger generation is saving far less than older generations have, and this truth will amplify the effects of a decline in the number of savers.

This trend will decrease the accumulation of wealth and erode Japanese living standards. What’s more, since Japan has played an important role in financing the massive US current-account deficit, as Japanese funding dries up, this damage may extend to other countries and bring negative impact for economic system of America. For example, if other rapidly industrializing countries could not step up to fill the gap in savings as Japan’s savings rate declines, the United States will probably be forced to trim its trade deficit and this could have enormous repercussion for the global economy.

There are only two ways to mitigate the coming demographic pressure in a meaningful way: increasing household savings and boosting the returns earned on them.

  • Increasing savings: Given the significant increase in average life spans during the past 50 years, rising the retirement age is a way to extent the period when households are most prone to save. In addition, encouraging younger Japanese households to save more is also a helpful step to increase household savings.
  • Raise the rates of return: The most effective change for Japan would be to raise the rates of return on its financial assets. To do so, Japan will have to raise productivity throughout the economy and increase the efficiency of the financial system in allocating capital.

On one hand, basic structural reform, such as elimination of market regulations that would increase competition and spark innovation, tax policies protecting inefficient companies, and ease zoning and land regulations that reduce large companies’ expanding and creating jobs to protect start-ups to do business, could increase the economic-wide productivity.

On the other hand, increasing the financial system’s efficiency ensures the savings are channeled to the most productive investments and improves legal protection for investors and creditors. The diversification of Japan’s household financial assets is also an important means of increasing the efficiency of capital allocation.