Friday, April 19, 2024

TGIF How not to be bored when you have to wait

Nicholas Janni. Offering alternative view on how a leader can live an integrated life of body, mind and spirit and lead others in a whole and holistic way. Nicolas teaches at IMD and the Saïd Business School at Oxford university

 Becoming the Leader As Healer season 1 Episodes 1-4


How not to be bored when you have to wait

A writer went on a quest to wait less. Then he discovered how to care less about waiting.



Like many, I travel a lot for work. Unlike many, I never get tired of it. On the open road are always interesting people and new places. Phoenix in July or Fairbanks in the winter? Bring it on. There is one thing about travel that bugs me, though, and has ever since my tender years: the constant waiting. When I travel, I wait in the TSA [Transportation Safety Administration] line, wait to board the plane, wait in restaurants, wait to check into hotels, and on and on.
This pet peeve about waiting is shared by most Americans, 64 per cent of whom have to wait in line at a business at least a few times a week, and two-thirds of whom say that their predominant emotion while doing so is negative (according to a survey by Waitwhile, a company whose business is, literally, queuing management). Small wonder that scholars find that waiting for products and services strongly lowers satisfaction and loyalty to a service provider; according to the Waitwhile survey, 82 per cent of customers actively avoid going to a business with a line.
Instead of engineering the outside world to make waiting better work on yourself, to learn how to live in a world of waiting. Getty
For years, I have tried to design my life in such a way to lower how much time I have to spend waiting, and it has worked: I ask for the bill as soon as the server brings me my lunch; I have all the subscriptions that help to streamline one’s passage through the airport; I patronise hotels that have self-service check-in kiosks. No doubt my waiting time is a fraction of what it used to be. But recently, I have realised that despite these improvements, I’m not any less aggravated by the waiting I still have to endure.
This mystery has led me to conclude that I have gone about the whole problem in the wrong way. I have been trying to engineer the outside world to make it better for me. I should instead have been working on myself, to live better in a world of waiting.

Boredom

The problem with waiting for something we want – even when the waiting is not anxiety-provoking (as it can be for a medical result) – is that it produces two conditions that humans hate: boredom and lack of autonomy.
One way of understanding boredom is that it’s a state in which you fail to find meaning. Standing in line, knowing that you’re doing so to get or do something but are being forced to spend the time unproductively, is what feels meaningless. That can lead to frustration.
People resist the frustration of boredom so much that they will literally choose pain to pass the time: in one famous 2016 study, researchers ran an experiment in which they assigned participants to watch movies that were sad, neutral, or boring, during which they could self-administer painful electric shocks. Those watching the boring film shocked themselves more frequently and at higher intensity than the people watching the other films.
Waiting also lowers your sense of autonomy – or, to use the psychological parlance, creates an external locus of control, which means that your behaviour can’t change the situation at hand. This is extremely uncomfortable. Think of the last time you waited in an airport for a long-delayed flight, and the vexation that came from not being able to do anything about it except wait. For people who feel this a lot in their life – not just waiting in the occasional line but feeling as if they generally don’t have control over their circumstances, for economic, health, or social and family reasons – such a lack of autonomy is associated with depression.
You have probably noticed that to compound these problems, time seems to slow down when you’re waiting for something. As a rule, time perception is highly contextual and subjective, and the perceived duration of an experience may seem to stretch out when we are under stress.
In one experiment from the 1980s showing this, researchers asked people with arachnophobia to look at spiders – of which they were intensely afraid – for two stretches of 45 seconds apiece. They found that the phobic subjects systematically overestimated the amount of spider-watching time endured, especially after the second viewing of the spiders, which was likely related to the subjects’ already heightened stress levels.

Distractions

Your annoyance in a bank line probably isn’t as extreme as that, but the frustration likely still makes the time drag. All of this leads to a vicious circle of waiting and frustration: The discomfort from waiting makes the waiting seem to go on longer, and this perceived extended waiting time increases your frustration.
Two obvious solutions to the waiting problem suggest themselves.
The first is what I have always done, which is to try to engineer the external environment to eliminate as much waiting as possible. This means scheduling activities meticulously to avoid traffic when possible, subscribing to services that allow you to jump lines, and eating at weird hours when restaurants aren’t crowded.
Phones are a common pastime while waiting. AFR 
That strategy helps a little, for a while, but as psychologists have long found – and as I’ve discovered for myself – the psychic gains from repeatedly attaining such gratification don’t usually last. That is because of a psychological phenomenon known as affective habituation: the process by which the positive feeling falls when we get something again and again.
Although the expense and inconvenience of these things are permanent, studies have shown that the benefits wear off quickly and become a new normal that is very nearly as frustrating as the old one.
Another waiting strategy most people have turned to of late is distraction by device. When a line forms, nearly everyone pulls out their phone to fritter away the time, playing games, checking email, and, especially, scrolling social media. You might think that this solution must work, the way everyone does it, but in fact it might not work at all.
In one study published in 2021, researchers monitored the level of boredom (and fatigue) that people reported over the course of their workday. As their boredom increased, the more likely they were to use their phone. This did not provide relief, however.
On the contrary, they reported more boredom and fatigue after having used the phone. Your phone may attract your attention, but after the first few seconds, it may expose the false promise that it really isn’t much more interesting than staring at the wall; meanwhile, it sucks up your energy.

Two suggestions

If these solutions that try to change the outside world are not helpful, looking within ourselves could be a better bet. I can recommend two ways to transform waiting time from something to endure into an investment in yourself.
The first is the practice of mindfulness. The most common definition of this is a meditation technique in which one persists in focusing on the present moment. People typically find this quite difficult, even frustrating. But mindfulness can be much simpler and easier than the orthodox meditation practice. As my colleague Ellen Langer, whom I regard as a pioneer in mindfulness research, told me, “It’s simply noticing new things.”
Waiting in line at airports is a universally negative experience. Eddie Jim
To do this involves putting down the phone when waiting in line – or for a train, or at the airport, or wherever – and simply paying attention. You may not have done this in a long time – perhaps not since you first got a smartphone. You will find – and the research backs this up – that looking around and deliberately taking note of what you observe will probably lower the discomfort from boredom.
The second personal change you can try is to practice the virtue of patience. Impatience is obviously central to the waiting-frustration cycle, and research has shown that those who have more patience have higher life satisfaction and lower levels of depression.
Of course, the advice “be patient” doesn’t seem especially helpful, does it? On the contrary, when an airline says, “thank you for your patience,” I quietly seethe with rage (that special road warrior’s rage exquisitely honed for airlines).
Fortunately, scholars have found a solution that, like mindfulness, has a strong connection with Eastern wisdom: the loving-kindness meditation. This is a mental exercise of directing warm emotions toward others, including friends, enemies, the whole world – even airlines. Research has found that this practice can increase patience. As a bonus, you can use it anywhere.
The best way to lower the misery of waiting, then, turns out to be not to change the world but to change oneself. That insight can apply not just to waiting but to life itself.
Most of us go about our days feeling dissatisfied with the world, that it is failing in some way to conform to our preferences and convenience. But on a moment’s reflection, we realise how absurd it is to suppose that it might. To do so is like canoeing down a river and railing against the winding course it takes rather than simply following those bends as best we can.
After research and upon reflection, I am trying a new strategy for waiting – and for a good deal else that bugs me – which is this: observing the world without distraction, and wishing others the love and happiness I want for myself.
But if that fails, maybe I’ll just start shocking myself.

Hackers scam staff member at one of Australia’s biggest law firms

 Another specter and scam controversy is haunting Minter …


Hackers scam staff member at one of Australia’s biggest law firms

By Sarah Danckert

One of the country’s top six law firms was the victim of an attempted scam attack after one of its staff members was tricked into transferring a large sum of money into the account of a fraudster impersonating a trusted business associate.
MinterEllison confirmed on Thursday that it had been the victim of an attempted scam attack, but insisted its systems had not been compromised by the hackers, who had instead hacked into the systems of a business it was working with on a deal.

MinterEllison says its own systems were not compromised by the hackers, who were able to impersonate a trusted associate of the firm. 
The firm was able to recover the funds – suggested at below $500,000 – after detecting the fraud attempt.
According to sources familiar with the incident but not allowed to speak publicly, MinterEllison rushed to the Supreme Court of Victoria in early April after learning its staff member had been duped into transferring the funds into the bank account of a person seeking to defraud the firm.
The sources said the firm’s alleged scammers were able to infiltrate the systems of another group it was working with on the transactions and impersonate a staff member working on the transaction to a MinterEllison staff member. The MinterEllison staff member who made the transfer was unaware at the time that they had been tricked, sources said.
A spokesperson for the firm did not clarify if it was now updating its processes in the wake of the fraud attempt on its business.
“MinterEllison has clear policies and procedures in place to safeguard the firm in its business dealings. We continually review all our policies and procedures to ensure they are robust and fit for purpose,” they said.
“No MinterEllison systems were compromised, and all parties have been made whole. The incident underlines the importance of hypervigilance in all financial transactions.”
MinterEllison is one of the country’s largest law firms. It has large practices in competition law, corporate legal advisory, mergers and acquisition advisory and employment law, and a well-known defamation law practice.
The MinterEllison attempted fraud comes as hacking and system protection are of significant focus for large companies. Earlier this year, a report from KPMG, Keeping us up at night, which surveyed more than 300 Australian CEOs in October last year, nominated dealing with cyber risks as the top priority for 2024 and the next three to five years.
While MinterEllison was able to stave off the attempted fraud by quick detection, other law firms in Australia have suffered major hacking attacks that have caused significant damage.
A cyberattack on HWL Ebsworth in 2023 resulted in 65 government departments having documentation relating to their legal affairs being accessed by hackers. Another law firm, Allens, was the victim of a cyberattack in 2021 in which hackers were able to access important documents relating to work it had done for Westpac.
Australians lost a record $3.1 billion to scams in 2022, according to the Australian Competition and Consumer Commission.
MinterEllison regularly does work for this masthead.
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  1. Q: Does anyone know of the fabled unicorn ” one solid study done to demonstrate the benefits of privatisation, of soaring consultancy costs.” please?

    Q2: I know a partener at MinterEllison, so I am open to suggestions as to what and how to say ‘it’ – the elephant in the room.

    “In thirty years of privatisation, there has never been one solid study done to demonstrate the benefits of privatisation, of soaring consultancy costs. They have not bothered to justify their fetish, not even to take stock of it in a Treasury report or half-decent inquiry.

    “And now, the cherry on top of this mountainous cake of deceit, is the narrative that everything is everybody else’s fault. Nothing is the fault of the political classes. It’s “personal responsibility” for people, not politicians.”
    *

    “Whopper Returns: Tax Office fee bonanza the latest in the privatisation of government

    By Callum Foote|January 3, 2022

    [ note: these clips are from the 2nd half of this article.]

    “Chris Jordan, who became Tax Commissioner in 2013, was a partner of Big Four tax avoidance facilitator KPMG. Two commissioners on the ATO Executive Committee are ex-KPMG. Current and recently departed Deputy Commissioners also ex-KPMG and moving to Minter Ellison. 

    “For instance, this contract with MinterEllison for the provision of legal services has been running since 2016, and has now been extended to June 2022.

    “The original contract has been extended by $10 million to $52 million over the contract period.
    [graph]
    “MinterEllison receives the greatest amount out of the six on the panel. The graph above only considers available competitive tenders as seen on AusTender, and not the money paid through Standing Offer Contracts.

    “Outside of Standing Offers, each contract undergoes a rigorous assessment process by a panel and is awarded on merit and cost.

    “Under a Standing Order, this process is undertaken by an assessment on the part of the ATO legal services team headed up until recently by Jeremy Geal ex-KPMG and who now works for MinterEllison.

    “Since Jordan and Hirschhorn joined the ATO there has been a major push to outsource legal work, facilitated by Kirsten Fish and Jeremy Geal as head of law and disputes respectively. Jeremy Geal is ex-KMPG and now works for MinterEllison as of August 2021. 

    “Minters is the largest provider under this SON.  With recent recruits of Geal and former ATO Deputy Commissioner Mark Konza who have the inside knowledge on tax avoidance taskforce planning and case strategy (Konza) and litigation and disputes strategy under Part IVC (ITAA 1936) objection process weaknesses (Geal).

    ““Minters will be in the box seat to attract more big business transfer pricing disputes,” says an insider. 

    “For instance, this contract with MinterEllison for the provision of legal services has been running since 2016, and has now been extended to June 2022.

    “The original contract has been extended by $10 million to $52 million over the contract period.

    “Considered at its most elementary level, it is hard to see how a partner in a private firm charged out at $1,000 an hour could be more efficient, except in special instances, than a well trained public servant at a fraction of the cost.

    “And more broadly, the foxes are taking over the henhouse. Major law and consulting firms make large profits selling advice to multinational corporations on how to avoid tax while also making large profits telling governments how to conduct their affairs. Meanwhile they audit, supposedly independently, just across the other side of what can be rice-paper-thin Chinese Walls, the financial reports of these same companies.

    “It’s probably too much to hope for, after 30 years of privatisation, and the past 8 years of a rapidly escalating consultancy fee-fest, that somebody in government will demand a decent analysis of the costs and benefits of outsourcing and flogging publicly owned assets to private interests. “…

    Whopper Returns: Tax Office fee bonanza the latest in the privatisation of government

    https://www.michaelwest.com.au/whopper-returns-tax-office-fee-bonanza-the-latest-in-the-privatisation-of-government/