Posted in Business on Mar 22nd, 2009 No Comments »
The Obama administration says that its plans to remove up to $1 trillion in toxic loans from banks’ books, called the Term Asset-Backed Securities Loan Facility — or TALF, could be announced by Treasury Secretary Timothy Geithner as early as Monday. AP reports that, “if banks are not burdened by the soured loans, then they would be in [...]
Posted in Business on Mar 21st, 2009 No Comments »
Populist anger over Wall Street bonuses is driving Congress to act rashly and irresponsibly. Hopefully, the proposed 90% tax won’t actually make it into law, or if it does, perhaps we can count on the courts to strike it down. But in some ways it doesn’t matter. Harm has already been done to the sector [...]
Posted in Business on Mar 19th, 2009 No Comments »
Everybody from Washington to talk radio is up in arms over the AIG bonuses. How dare AIG give out bonuses when the American taxpayer is bailing them out! Congressmen are demanding names and declaring that if the money isn’t given back that they’ll pass a special tax to take the bonuses away. Americans are outraged!
Hmm.
Well, [...]
Posted in Business on Feb 17th, 2009 2 Comments »
Everyone wants to opine on, or simply discover who’s to blame for our current financial crisis. But how about looking at this from the point of view of what really changed here.
Haven’t people always been ignorant or greedy, for example willing to sign for a loan they had no way of ever repaying? Not much change [...]
Posted in Business on Feb 16th, 2009 1 Comment »
NBC’s business channel CNBC is running a program called, “House of Cards” that explains in better detail than I’ve seen anywhere else what events led to the creation of the housing bubble. It’s easy for conservatives to blame liberals like Barney Frank who pushed for a lessening of mortgage standards (with the well-intentioned but misguided [...]
Posted in Business, Faith on Feb 7th, 2008 1 Comment »
In the high-tech industry where I work, innovation is highly valued. Where would an Apple or a Sony or a Google be without innovating totally new products or ways to do things that no one has thought of before (or thought out nearly as well)? In my business, the enemy of innovation is frequently conventional [...]
Posted in Business on Jan 3rd, 2008 No Comments »
Many people have assumed that the subprime mortgage crisis only effects homeowners and the lending institutions who are hurting because of home foreclosures. But the subprime mortgage crisis is actually having a global impact on a much larger fanancial system then just lending institutions, or just the ones in trouble for making too many subprime [...]
Posted in Business on Nov 17th, 2007 No Comments »
I recently wrote this article to the Chief Technical Officer of the company where I work. It takes the ideas I learned in studying the book of Daniel (see here), and applies it to how we can innovate as a high-tech firm. I call it a “Process for Innovation”. The CTO replied simply, “very insightful [...]
Posted in Business on Nov 16th, 2007 No Comments »
Recently, everyone where I work was given a copy of Who Moved My Cheese? by Spencer Johnson, M.D. If you read the reviews (some 1400 of them) on Amazon.com you’ll find that opinions are quite varied. A third love it, a third hate it and the rest are somewhere in-between. The [...]
