Corra Daily PlanetBackground Check and Comparative Intelligence News and Commentary |
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These are rotten times, economically speaking. In fact, there may be a couple of reasons to point to this being rotten times on a lot of levels. I’e never been known for my rosy outlook, but I do look at these times as quite exciting. Despite the economical downturn, in fact even because of it, [...]
The stock market has proven a wild and often nerve wracking ride. One day it is up five hundred points, the next day it is down. The government announces bailout plans, but the public isn’t sure whether they will work or not. In fact, the government isn’t sure if they will work or not. Nobody [...]
It was reported the other day that American International Group, known better as AIG, has acquiesced to the harsh criticism from New York Attorney General,Andrew Cuomo, and has rescinded a $10 million severance package to its outgoing Chief Financial Officer, Steve Bensinger. According to one article in the Boston Globe, AIG’s new chairman “agreed of [...]
As most of us pretty much realize, this would be a poor time to take you business public. While there is little chance for a sale to a private equity group, as they are undergoing a major restructuring of their business model, the effort to put your company through an IPO may result in a [...]
Okay, so the country rages about bailouts and severance packages, causing at least some politicians to exhibit a rare display of conscience. People resent bailing out the privileged and those who squandered their money. Nevertheless, the bailout package passed both houses, mostly out of an act of desperation than a deliberate strategy.
You would think when [...]
I believe it was the ever controversial global financier George Soros who offered what was to me the sanest remedy for the financial crisis. Rather than have the government buy a lot of bad paper, worthless loans, etc., he proposed something quite simple.
Soros proposed that since a cash infusion was the most vital aspect of [...]
It seems come election time politicians and those who curry favor with them are suddenly concerned about small businesses. Much focus for the better part of a year is on the corporate giants, the multi-national corporations, and then when your vote is needed we get to hear how small business owners are the backbone of [...]
Unless you are Rip Van Winkle, you realize these are tough times for the economy. All the wrong things are down, such as manufacturing, exports, retail, and all the wrong things are up, prices for goods, unemployment, energy costs. Pretty crazy.
In these times reputable people and reputable people in business can tend to get desperate. [...]