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A Seattle bank invited me to speak to their clients, and afterward the bank did something different: they presented a panel of their clients to talk about how the downturn was affecting them.
Hollywood has said that it's recession proof, because in hard times people will seek escape from their worries by going to the movies. The Wall Street Journal (subscription required) reports a new study that found just the opposite--when time are...
Oops, Wall Street got another industry wrong. After proclaiming that casinos were recession-proof, they've recently learned just the opposite. Here's what one mutual fund manager said before the downturn...
Wall Street's rule of thumb, that recession is two consecutive quarters of declining GDP, is not technically correct. But it's not a bad rule of thumb. Certainly there's no recession when the economy is growing substantially, even if the growth is...
This recession has shaken people up, but what will be the lasting effects on consumer behavior? That's one of the key questions as we look forward at the nature of the recovery. I've been arguing for a "return to normalcy," in which people will...
I recommend a recent speech by my old classmate Bill Dudley, now president of the Federal Reserve Bank of New York: More Lessons from the Crisis.
The reading is a little ... assumptive of some familiarity with financial markets. (Some casual...
OK, you may not think that the capture and public posting of thousands of climate change emails and datasets constitutes "hacking in the public interest." (More on that story in the New York Times.) But the folks who did the hacking apparently...
One of my favorite boat supply online stores has closed, and the story is worth repeating to all business owners. The founder of this company sold the business and took a note as partial payment. The new owners have defaulted on the note, closed...
Rich D'Amaro, Chairman and CEO of Tatum LLC has offered "Six Tips for Business Leaders to Consider as We Emerge from Recession." I especially like his first suggestion:
Identify and Maintain Your Strengths, and Your Best Customers
Many businesses...