Vol 32: Cash is still KING!

The North Bay Business Journal, a publication of the New York Times, is a weekly business newspaper which covers the North Bay area of San Francisco – from the Golden Gate bridge north, including the Wine Country of Sonoma and Napa counties.

 

**********************************************************************************

Article published – December 15, 2008

BUILDING A BUSINESS: Surprise: ‘Cash is king; here’s how to keep it flowing

by Lary Kirchenbauer

“Money’s a horrid thing to follow but a charming thing to meet.” – Henry James

There is probably no more trite but compelling phrase in the business lexicon these days than “Cash is King.” What does it mean? (more…)

Continue ReadingVol 32: Cash is still KING!
Read more about the article Dumb or Dumberer?

Dumb or Dumberer?

It’s truly stunning that the Senate today failed to pass an assistance program for the auto industry.

I’ve tried not to be too vociferous about all of this, and I’ve written before about being in favor of a bridge loan to the automakers despite the railing of my capitalist friends, but this decision is truly mind-boggling!

It’s unarguable that our economy is extremely fragile. I think it’s equally clear . . . crystal . . . that it cannot withstand the catastrophic results of a failure within our largest manufacturing sector, which arguably supports  2.5 – 3 million jobs, without great harm to the economy in all of its incarnations . . . unemployment, consumer spending, etc.

The Senate has shown again how out of touch they are . . . (more…)

Continue ReadingDumb or Dumberer?
Read more about the article Better the devil you know?

Better the devil you know?

Now, if this was a Knight of the Round Table, bearing the sword of Exkalibur, that would be one thing. Alas, not.

Rather, it’s an insidious invader disguised as a heroic force, riding to the rescue of American companies facing catastrophic economic ruin. So, as I watched portions of the Congressional hearings this week featuring the CEOs of America’s automakers, I couldn’t help but think: Where did the congressmen and senators learn about the auto industry?

How are they qualified to assess the business plans of the three U.S. automakers? (more…)

Continue ReadingBetter the devil you know?