Blog

March 1, 2009

Website vs. Blog

There is a difference: a website is static: it changes with greater effort; a blog is fluid, changing daily, if the blogger (me) keeps up with it. So I’ve decided to build a better static website at the same time maintaining a more robust blog. Look to the website for things that change infrequently or […]

monthly column
February 7, 2009

The 4+2 Formula for Success

In an old issue of Leadership Strategies (www.briefings.com/leadership) a small insert caught my eye: The 4+2 formula for success quotes Harvard Business School professor Nitin Nohria who concludes: “Success requires leaders to be masters of four fundamental business practices – stategy, execution, culture and organization – and excel at two of four secondary functions: talent, […]

Management Theory
February 7, 2009

Train Wreck or a Plane Crash?

As an economics major I’ve watched the economy ‘unravel’, to use Paul Krugman’s term, with a sense of increasing fascination combined with dread.  I’ve often called it a ‘slow train wreck’.  As a consultant to the remodeling industry I’ve noticed  a certain tension in the air since spring 2008 as even the most successful and […]

Economics and politics
January 29, 2009

Animal Spirits

Over the last week I bumped into two different articles which mentioned “Animal Spirits”, an idea which seemed to explain why my good friends Mark Scott and David Gerstel were at such opposite ends of the spectrum in regard to how we, as people, will respond as soon as we feel this current economic threat […]

What's New in the News
January 25, 2009

This recession & JMK (John Maynard Keynes)

According to N. Gregory Mankiw, professor of Economics at Harvard, in a NY Times article in the Business Section on Sunday, November 30th, “If you were going to turn to only one economist to understand the problems facing the economy, there is little doubt that the economist would be John Maynard Keynes.” And “According to […]

Economics and politics
January 11, 2009

“Put not your trust in princes!”

Every Sunday morning I sit down with the NY Times and quickly move to the Business Section to read the latest from Ben Stein – we may not agree on many things, but his analysis of the current economy is usually spot to me! In the January 11, 2009 column entitled “Ordinary People vs. Extraordinary […]

Economics and politics
January 6, 2009

Who is Ferdinand Pecora?

If  you’re half as interested as I am in how we got into our current economic mess you’ll want to read the New York Times Op-Ed piece of today’s date entitled “Where is our Ferdinand Pecora?”. “Under Pecora’s expert and often withering questioning, the Senate committee unearthed a secret financial history of the 1920s, demystifying […]

Economics and politics
January 5, 2009

Is the term “Rational Man” an oxymoron?

Adam Gopnik, in the January 5th issue of  The New Yorker compares our current economic crisis with “the moment when a small child hits his forehead on a doorknob … and then the long seconds of red-faced anticipation, breath drawn, while everyone waits for the explosion of tears. ‘…we have all bumped our foreheads, hard, […]

Economics and politics
January 4, 2009

The End of the Financial World as We Know It!

Michael Lewis and David Einhorn begin this piece “AMERICANS enter the New Year in a strange new role: financial lunatics.”  The article questions how a crisis of this magnitude could happen here – to the nation where “half the planet’s college graduates seemed to want nothing more out of life than a job on Wall […]

Economics and politics