Niels Lesniewski

When the Senate took what was generally viewed as necessary action to scale back an overly broad provision of a federal transparency law Thursday, it did so without much transparency of its own.

With most of the Senate’s attention focused on guns and immigration, the Senate quietly acted to dramatically scale back the reach of the law’s most contentious provision. Absent Congressional action or a court order, the law known as the STOCK Act requiring online publication of financial information for a slew of federal employees would take effect next week.
The Senate bill passed Thursday by unanimous consent goes beyond a simple delay. If passed by the House and signed by President Barack Obama, the measure would exclude legislative and executive staffers from having their financial disclosure forms posted on the Internet. The new reporting requirements would still apply to the president, vice president, members of Congress, congressional candidates and individuals subject to Senate confirmation.

Congress has previously delayed implementation of pieces of the STOCK Act without much fanfare, but the earlier cases came before a National Academy of Public Administration report produced at the request of Congress and released last month showed serious national security risks with publication of the information in a more readily available format.

Senator’s insider trading yields above market returns.

More via the Financial Times.

A beautiful but somewhat chilly drive. Tap or click on the images to view larger versions.

I don’t shop much. I generally don’t like malls. If I must shop, I prefer to do so online or at smaller, easy to navigate boutique stores.

That said, yesterday’s quick visit to a Madison JC Penney (Twitter) store was a surprisingly pleasant experience.

Here’s why:

1. The store was easy to navigate. It now features clean sight lines, simple to observe colors and styles surrounded by an interior that is easy on the eyes.

2. Prices were reasonably easy to find. Some stores work hard to place the tag in a difficult to find location.

3. The checkout process was fast and painless. Our customer service representative used a traditional cash register and credit card reader. I did not see any handheld devices.

4. I assume that the clothes quality is “good enough”. We shall see.

I contrast this experience with my last visit to Macys. The aisles were small and crowded. At over 6′ tall, I can easily bump into racks and clothes, often sending them to the floor or disrupting the pile. Macys had loads of clutter, which made navigation a challenge, not to mention the negative overall experience.

I don’t shop often….

Sometimes, the guy that “breaks the glass” is jettisoned due to the organizational disruption caused by the required changes. Ousted CEO Ron Johnson’s plans may be proven correct, but perhaps the path was a bit too tortuous for shareholders and possibly the staff.

Counterpoint by Virginia Postrel.

One hopes that JC Penney management continues to improve customer experience and not revert to the retail morass of so many others. I write as an “underwater” shareholder.

Wikipedia on James Cash Penney.