It’s about time!
Tomorrow, the Obama Administration is scheduled to announce new initiatives to spur small business lending. Among the initiatives are increasing limits for SBA loan and make it easier for smaller…
Tomorrow, the Obama Administration is scheduled to announce new initiatives to spur small business lending. Among the initiatives are increasing limits for SBA loan and make it easier for smaller…
How do you create jobs? Finally, this question is finally getting some attention in Washington ... sadly, it took increasing painful unemployment reports to get this front and center ...…
Sorry, folks, but I do not see any meaningful evidence of a stimulus package, that vaunted $700B jump-start to the economy. I deplored it back then … I think “mud sandwich” was the term I used. Some of us pointed out that Congress’ own calculations showed that most of it would not be effective until 12-18 months elapsed … and now the evidence is in. I’ve also referred to it as another government boondoggle because there is such an obscure line of sight and accountability for the results of the program, that you could just be sure it wouldn’t have the desired results. If you created a program like this for your business, you wouldn’t have either a business or a job.
Even the NY Times editorialized recently about the lack of leadership on jobs. Here are some of the statistics they quoted which are sobering indeed; there’s more but you get the gist:
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.
This page provides the Print-Friendly Version of the article, as published.
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Article published -October 5, 2009
Sure it’s normal, but what’s normal about his economy?
“Two roads diverged in a wood, and I … I took the one less traveled by, and that has made all the difference.”
– Robert Frost
Several years ago when my father was in his final days, his bonhomie in full bloom, I sat in the room while the doctors administered a few basic tests to assess his cognition.
“What country do you live in,” they asked and Dad answered correctly.
“What city do you live in,” they asked. Dad answered “Grand Rapids,” correct again.
“What state do you live in,” they continued. Dad, ever alert, laughed and responded … “Discombobulation.”
I think my father would agree that the “state of discombobulation” is still a pretty good word choice today. So, maybe it’s also a good time for some fresh thinking … to shake things up, tip them upside down, to innovate … in other words, take a few calculated risks to see if we can generate some new ideas.
I read recently about Kevin Kelly, a high school football coach in Arkansas, who has developed a few football rules that most of us would find ludicrous, to wit:
1. His team hasn’t punted since 2007, when it did so as a sportsmanlike gesture in a very one-sided game.
2. They don’t kick field goals. (more…)
Finally, a few observers are beginning to get it ... that increased reported profits are the result of cost reduction but mask the continuing decline in revenue, which is critical…