Resources for Understanding the Great Recession

“Progress, far from consisting in change, depends on retentiveness. When change is absolute there remains no being to improve and no direction is set for possible improvement: and when experience is not retained, as among savages, infancy is perpetual. Those who cannot remember the past are condemned to repeat it.”

George Santayana

Last night’s blog council turned the tables on me and asked me to come up with a list of good resources to get more background on the great recession.  They compelled me to write a post.

Here are some good resources.  Choose one and, to repeat the BC’s instructions:

2. Pick a topic from one of the resources (can be a podcast, an article, or something else).  This topic should probably be a starting point for the final paper that you will write.

3. Write an engaging and informative post reacting to your chosen topic on the financial crisis.  Share your thoughts, your take on the situation, your reaction to the point of view presented, etc.

4. I AM ADDING: Do not repeat the source you use.  When you find one, paste what it is in the comments so others can check.  Be sure to include title and URL link.

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The Great Recesssion

Yup.  The worst economic crisis in a lifetime.  In fact, 95% of people living weren’t around  the last time something this bad happened.  It has, and will continue to have, a profound effect on everyone in the world for generations to come.  Because it has had such a profound effect, I think that we should be well educated on what happened, why it happened, and how to never let it happen again.  Thus, I chose the book entitled, “The Banking Crisis Handbook,” a compilation of many works discussing the current economic crisis.  It is an extremely detailed source for understanding the history of what precipitated the crisis, what exactly happened in late 2008 and early 2009, how we will be affected in the future, and ways to prevent this in the future.  The other nice thing about the book is that it is written for people of all levels of understanding of the crisis.  Everyone from a Wall Street banker to the layman can gain some angle of insight. Continue reading

Business Ethics: A Moral Compass or A Way To Justify Actions

Yes, I checked an ethics book out of the library. For those of you that know me, this is decidedly uncharacteristic and maybe even a bit ironic. (@Middleman: those discussions in Business, Government, and Society come to mind!) And I’m not saying I’m unethical, just that I tend to gravitate towards the legality of an issue before I orient the moral compass north. Think of it as more of a magnetic north (legality) than the true north (ethics). In any case, while perusing the New Books section, I came across “The Oxford Handbook of Business Ethics”. I was intrigued, not only because I find ethics to always be an interesting exploration, but also because it has some Continue reading

Triathlons: the new golf?

“The Economic Sociology of Triathlons” argues that triathletes make excellent business and personal contacts by the inherent nature of their triathlete status. While golf is still widely known as the sport of professionals, Brooke, the author, claims that triathlons should now top golf as the preferred sporting venue. Brooke narrows the reasoning behind this finding down into several traits triathletes share that most other people do not: triathletes have money, endure pain, share long periods of time to network, and respect one another.

Triathalons are highly expensive. Brooke finds that:

“The average annual income of an Ironman participant is nearly $160,000, while the average golfer makes a measly $100,980 a year, according to Golf.com’s 2009 Survey.” Continue reading