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

Toyota’s Starting to Suck

In  the post http://totaltrust.wordpress.com/2010/02/02/toyota-destroys-customers-trust-and-potentially-billions-in-market-value-as-well/ , the author talks about how Toyota blatantly disregards a brake failure in some of their models.  As I was browsing some financial stuff for another class, I came across an article that reminded me of this blog post.  The link to that article is http://www.businessweek.com/globalbiz/content/aug2008/gb2008087_642349.htm .  It talk about how Toyota has had the worst quarter 09Q4, since the ’90s.  Concurrently, GM and Ford sales by volume were up 20+ % this past quarter.  Continue reading

Whole Foods Eyes Discounts for Healthy Staff

A post in Freakonomics spurs conversation over the recent discount plan Whole Foods plans to offer its healthier employees.  John Mackey, the CEO of Whole Foods, has not been shy in expressing his own “health” based reforms to lower the cost of health care in the United States.  In August, he posted an op-ed entitled The Whole Foods Alternative to ObamaCare that advocated moving towards individual empowerment and away from government control over health care.

Mackey then goes on to blame American citizens for our health care problems.  Self-inflicted poor health leads to heart disease, cancer, stroke, diabetes, and obesity.  These diseases account for close to 70% of all health care spending.  Eating healthier will of course help counteract the high occurrences of these diseases, lower health care costs, and also promote shopping at Whole Foods.  Whole Foods is the largest organic and natural market in the U.S. and thus the health food headquarters for many Americans.  Continue reading

“Populism” and further crisis

Simon Johnson, in a recent post titled “Populism” , addressed our current economic situation and stated that the language being used to discuss the issues we now face “reveals a complete misunderstanding of our current situation.” This assertion is based around the banks that have now been deemed “too big to fail;” and how, despite the efforts to correct the problem, these banks have increased in size due to government investment of bail out money. Resulting in a commitment to engage in a cycle, which Johnson describes as “repeated boom-bust-bailout,” that only adds to the problem. Failing to address the actual issues that led to the current financial crisis, the commitment to this cycle only sets us up to face similar problems in the future

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Interesting Talk about Financial Reform

A Bucknell student group organized this talk by Neil Murphy, Ph.D. (BSBA Alum) entitled “Financial Reform, Economic Development, and Insurance Debt” on Thurs Feb 4th from 5-6p in Dana 113.  he is an Alum from BU.

Click more for copy of flier.

Neil Murphy Talk

Please tell anyone else.