Implications
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Decisions:
It’s time we broke up and moved on
Submitted by Barbara Horne on Tue, 05/05/2009 - 15:18
If we live in a capitalist society then distressed firms have to raise capital, be acquired or file for Bankruptcy.
The condition of a weak institution, as determined by the Stress Tests is of reduced importance unless the firm can disrupt the system in its entirety, as in the case of AIG. The question on the table isn’t can distressed firms avoid collapse but rather can the American Financial system avoid collapse?”
Mom on Money
Submitted by Barbara Horne on Tue, 05/05/2009 - 02:54
(Mom was always right…I didn’t always listen)
1) “The only part of your paycheck that’s yours is the part that is left after you pay your bills.”
2) “You know property taxes are coming; they come the same times every year, Mark the dates on your calendar and split the yearly amount by your number of pay periods, that way you can save a little bit from each check and you will have the money when the bills come.” “Don’t spend that money, it’s not yours, it belongs to the tax people.”
The Firm’s on Welfare
Submitted by Barbara Horne on Wed, 04/08/2009 - 07:00
The first of the month was known as welfare day.
It probably was the same in a lot of places, where there was a sizeable poor and working class community. If you walked downtown, you would see the people that had just met the postman now waiting in line to cash their check. You would try not to stare, but it is hard to ignore a line out the door and wrapped around the corner.
There were whispers of “Watch they spend all their money at the corner store instead of cutting coupons and going to Shoprite.”
“Why are they buying new Nikes?”
It probably was the same in a lot of places, where there was a sizeable poor and working class community. If you walked downtown, you would see the people that had just met the postman now waiting in line to cash their check. You would try not to stare, but it is hard to ignore a line out the door and wrapped around the corner.
There were whispers of “Watch they spend all their money at the corner store instead of cutting coupons and going to Shoprite.”
“Why are they buying new Nikes?”
The Line – Let’s Begin
Submitted by Barbara Horne on Fri, 04/03/2009 - 01:41
It is time for an approach that includes people and planet in the bottom line so that we can further Social Responsibility in Financial and Economic decisions. As opposed to debating should Social Responsibility be part of our efforts, let’s move the discussion to what is the best way to build it into the process.
Mark What, Where and How
Submitted by Barbara Horne on Wed, 04/01/2009 - 06:21
Yet again we have “Headline Hype” clouding what could be an important debate to the consumer and Shareholder.
What to do about Mark-to-Market?