Francis-canomics

406
-1

Published on

Presentation at Lourdes College October 6.

Published in: Business, Technology
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total Views
406
On Slideshare
0
From Embeds
0
Number of Embeds
0
Actions
Shares
0
Downloads
1
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

Francis-canomics

  1. 1. Rebuilding from the Recession in Your Heart FRANCIS-CANOMICS
  2. 2. “Jobless claims report is setback to recovery” Headline / CNNMoney.com / October 1, 2009
  3. 3. “It’s not going to be an easy slog from here.” Jim Hughes Rutgers University economist
  4. 4. QUESTION: Is this the worst economy since the Great Depression?
  5. 5. Carter ADMINISTRATION
  6. 6. Prime Rate 20% April 2, 1980 Source: www.wsjprimerate.us
  7. 7. “Are you better off today than you were four years ago?” Ronald Reagan
  8. 8. Paul Volcker “The U.S., along with the rest of the world, is in the midst of a great recession.”
  9. 9. col!lapse [kuh laps] –noun. A sudden and complete failure; a breakdown.
  10. 10. “You will be confronted with questions every day that test your morals. Think carefully, and for your sake, do the right thing, not the easy thing.” Commencement Speaker St. Anselm College, 2002
  11. 11. “Ex-Tyco Chief Executive Kozlowski Sentenced to 8 to 25 Years” Headline / Bloomberg.com / 09.19.2005
  12. 12. Strong Fundamental Values “We must demand of ourselves and of each other the highest standards of individual and corporate integrity. We safeguard company assets. We comply with all company policies and laws.” Source: The Tyco Guide to Ethical Conduct
  13. 13. ! Regency mahogany bookcase, c. 1810, $105,000 “We safeguard ! George I walnut tallcase clock, $113,750 company assets.” ! Custom queen bed skirt, $4,995 ! Ascherberg grand piano, c. 1895, $77,000 ! Chandelier, Painted Iron, c. 1930, $32,500 ! Pair of Italian armchairs, c. 1780, $64,278 ! Persian rug, 20 feet by 14 feet, $191,250
  14. 14. “In corporate America, crime pays. Handsomely. Grotesquely, even.” Arianna Huffington Pigs at the Trough
  15. 15. Bad Judgment? Just days after receiving an $85 billion taxpayer- funded loan, AIG spent $440,000 to pamper executives for an entire week at the extravagant St. Regis Resort.
  16. 16. Corporate >> FEUDALISM
  17. 17. a RECESSION HEART OF THE
  18. 18. TRICKLE-DOWN THEORY When government allows businesses to flourish, their resulting profits will ultimately trickle down to lower- income individuals. Aghion, P., & Bolton, P. (1997). A theory of trickle-down growth and development. Review of Economic Studies, 64(219), 151-172.
  19. 19. Reaganomics
  20. 20. Reach Out vs. Trickle Down
  21. 21. a case study
  22. 22. “And standing there bareheaded in the sun, apologizing to the beggar, the strangest thought flashed across his mind. He and this poor man were brothers.” Sara Maynard Princess Poverty
  23. 23. “Francis, go and repair my church, which, as you ” see, is falling into ruins. SOURCE: Edmund O’Gorman, St. Francis for Today
  24. 24. Stones and mortar?
  25. 25. Fix the recession!
  26. 26. Stocks and bonds?
  27. 27. “Furloughs Hit the White- Collar Set” Headline / Wall Street Journal / 02.24.2009
  28. 28. Facing $38 million in budget cuts, school officials chose to furlough every employee for five days.
  29. 29. Faculty and staff raised over $70,000 to help reimburse 158 lower-wage coworkers for lost income during the furloughs.
  30. 30. “And last but not least, we wish to thank our loyal employees. Without them...” —Final paragraph of every annual report
  31. 31. 60 MILLION
  32. 32. “I prefer to live in a world where this is ordinary.” Leonard Abess
  33. 33. 9.8 percent
  34. 34. “Was thinking that if each of us helped just 1 person find a job, we could start making a dent in unemployment. You game?” Mark Stelzner
  35. 35. In just six months, over 24,000 Job Angels have started helping people find jobs.
  36. 36. Francis-canomics
  37. 37. “ THE EARLY FRANCISCANS, WITH THEIR PASSIONATE SYMPATHY FOR THE SUFFERING AND The Catholic World October 1903 OPPRESSED, LARGELY CONTRIBUTED TO THE FINAL DISAPPEARANCE OF CORRUPT FEUDALISM.”
  38. 38. “A little man may do a great deal of harm; and pray, why not a little man do a great deal of good?” Cotton Mather, 1825 Essays to Do Good
  39. 39. If a small group of business figures can cast suspicion on the integrity of an entire nation, why can’t the actions of a small number of morally strong individuals restore the public’s faith that people are generally good?
  40. 40. Francis-canomics You might not become a saint—or get the publicity afforded notorious business scoundrels.
  41. 41. But those close to you will notice, and you’ll succeed in proving that there are still honorable people in the world today.
  42. 42. You game?
  43. 43. Rebuilding from the Recession in Your Heart FRANCIS-CANOMICS
  1. A particular slide catching your eye?

    Clipping is a handy way to collect important slides you want to go back to later.

×