Rebuilding fromthe Recession in Your Heart           FRANCISCANOMICS
“Top economists  wary of declaring   recession over”Headline / San Francisco Chronicle / 04.13.10
“The Recession  Is OVER, SaysEconomic Panel.”   Associated Press  September 20, 2010
“LABOR MARKET STILL  SOFT AS JOBLESS    CLAIMS RISE”–NEWSROOM AMERICA, 01/27/11
“This report is a clear                 warning thatthe recovery is very weak.                                            ...
QUESTION:  Is this the worst economysince the Great Depression?
CarterADMINISTRATION
Prime Rate20% April 2, 1980 Source: www.wsjprimerate.us
COMPANIES COULDNOT AFFORD TOBORROW MONEY TOOPERATE THEIRFACTORIES.SUPPLY DRIED UP.AS A RESULT, THEINFLATION RATE ATTHE TIM...
“Are you better off today than you were four years ago?”                    Ronald Reagan
Reagan    Carter                                  Landslide!Source: www.uselectionatlas.org
Paul Volcker“The U.S., along with the rest of the world, is in the midst   of a great recession.”
col·lapse [kuh laps] –noun. A sudden and complete failure; a breakdown.
“You will be confronted with questions every day that test your morals. Think carefully, and for your sake, do the right t...
“Ex-Tyco ChiefExecutive KozlowskiSentenced to 8 to 25      Years” Headline / Bloomberg.com / 09.19.2005
Strong Fundamental Values“We must demand of ourselvesand of each other the higheststandards of individual andcorporate int...
 Regency mahogany                     bookcase, c. 1810, $105,000 “We safeguard      George I walnut tallcase           ...
“In corporateAmerica, crimepays. Handsomely.Grotesquely, even.”Arianna HuffingtonPigs at the Trough
ENHE RO  W N    LE ME      TT R        -P RIL                            a slippery slope          AC L            KA LY  ...
Bad Judgment?           Just days after receiving           an $85 billion taxpayer-           funded loan, AIG spent     ...
Photo by Win McNamee/Getty Images“I would like my life back.”    Tony Hayward, former BP CEO
Corporate >> FEUDALISM
49                       PERCENT                          Less than                        half of all U.S.               ...
a RECESSION    HEARTOF THE
TRICKLE-DOWN THEORYWhen governmentallows businesses toflourish, their resultingprofits will ultimatelytrickle down to lowe...
Reaganomics
Ripple Out vs.Trickle Down
a case study
“And standing therebareheaded in thesun, apologizing tothe beggar, thestrangest thoughtflashed across hismind. He and this...
“Francis, go and repairmy church, which, as you see, is falling into ruins.”SOURCE: Edmund O’Gorman, St. Francis for Today
Stones and mortar?
Fix the recession!
Stocks and bonds?
“Furloughs  Hit the White-   Collar Set”Headline / Wall Street Journal / 02.24.2009
Facing $38 million in budget cuts,school officials chose to furlough  every employee for five days.
Faculty and staff raisedover $70,000 to helpreimburse 158 lower-wageco-workers for lost incomeduring the furloughs.
“And last but not least, we wish to thank our loyalemployees. Without them...”  —Final paragraph of most annual reports
60MILLION
“I prefer to live in a world  where this is ordinary.”     Leonard Abess
9.4 percent
“Was thinking that if each of ushelped just 1 person find a job,we could start making a dent in unemployment. You game?”  ...
“You game?”
In the first year, over       40,000Job Angels started helping people find jobs.
Franciscanomics
“                     THE EARLY FRANCISCANS,                     WITH THEIR PASSIONATE                     SYMPATHY FOR TH...
“A little man maydo a great deal of  harm; and pray,   why not a little  man do a great   deal of good?”       Cotton Math...
If a few leaders can cast suspicionon the integrity of an entire nation...
...then why can’t some morally strong  leaders restore the public’s faith    that people are generally good?
FranciscanomicsYou might not become a saint—or get the publicity afforded today’s  notorious business scoundrels.
But you’ll succeed in proving that there are stillHONORABLE PEOPLE               in the world today.
You game?
Rebuilding fromthe Recession in Your Heart           FRANCISCANOMICS
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Leadership Toledo Franciscanomics

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Transcript of "Leadership Toledo Franciscanomics"

  1. 1. Rebuilding fromthe Recession in Your Heart FRANCISCANOMICS
  2. 2. “Top economists wary of declaring recession over”Headline / San Francisco Chronicle / 04.13.10
  3. 3. “The Recession Is OVER, SaysEconomic Panel.” Associated Press September 20, 2010
  4. 4. “LABOR MARKET STILL SOFT AS JOBLESS CLAIMS RISE”–NEWSROOM AMERICA, 01/27/11
  5. 5. “This report is a clear warning thatthe recovery is very weak. ” —Dean Baker, Center for Economic and Policy Research
  6. 6. QUESTION: Is this the worst economysince the Great Depression?
  7. 7. CarterADMINISTRATION
  8. 8. Prime Rate20% April 2, 1980 Source: www.wsjprimerate.us
  9. 9. COMPANIES COULDNOT AFFORD TOBORROW MONEY TOOPERATE THEIRFACTORIES.SUPPLY DRIED UP.AS A RESULT, THEINFLATION RATE ATTHE TIME WAS 14.5PERCENT.
  10. 10. “Are you better off today than you were four years ago?” Ronald Reagan
  11. 11. Reagan Carter Landslide!Source: www.uselectionatlas.org
  12. 12. Paul Volcker“The U.S., along with the rest of the world, is in the midst of a great recession.”
  13. 13. col·lapse [kuh laps] –noun. A sudden and complete failure; a breakdown.
  14. 14. “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
  15. 15. “Ex-Tyco ChiefExecutive KozlowskiSentenced to 8 to 25 Years” Headline / Bloomberg.com / 09.19.2005
  16. 16. Strong Fundamental Values“We must demand of ourselvesand of each other the higheststandards of individual andcorporate integrity. We safeguardcompany assets. We comply withall company policies and laws.”Source: The Tyco Guide to Ethical Conduct
  17. 17.  Regency mahogany bookcase, c. 1810, $105,000 “We safeguard  George I walnut tallcase clock, $113,750company 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
  18. 18. “In corporateAmerica, crimepays. Handsomely.Grotesquely, even.”Arianna HuffingtonPigs at the Trough
  19. 19. ENHE RO W N LE ME TT R -P RIL a slippery slope AC L KA LY RD NC CI H J TI .P. GR M OU OR P GA IM N CL W ON OR E LD GR CO OU M P GO BA L NK DM OF AN AM SAC ER H S IC A
  20. 20. 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.
  21. 21. Photo by Win McNamee/Getty Images“I would like my life back.” Tony Hayward, former BP CEO
  22. 22. Corporate >> FEUDALISM
  23. 23. 49 PERCENT Less than half of all U.S. employees trust their senior leaders.Source: Watson Wyatt
  24. 24. a RECESSION HEARTOF THE
  25. 25. TRICKLE-DOWN THEORYWhen governmentallows businesses toflourish, their resultingprofits will ultimatelytrickle down to lower-income individuals.Aghion, P., & Bolton, P. (1997). A theory oftrickle-down growth and development. Reviewof Economic Studies, 64(219), 151-172.
  26. 26. Reaganomics
  27. 27. Ripple Out vs.Trickle Down
  28. 28. a case study
  29. 29. “And standing therebareheaded in thesun, apologizing tothe beggar, thestrangest thoughtflashed across hismind. He and thispoor man werebrothers.”Sara MaynardPrincess Poverty
  30. 30. “Francis, go and repairmy church, which, as you see, is falling into ruins.”SOURCE: Edmund O’Gorman, St. Francis for Today
  31. 31. Stones and mortar?
  32. 32. Fix the recession!
  33. 33. Stocks and bonds?
  34. 34. “Furloughs Hit the White- Collar Set”Headline / Wall Street Journal / 02.24.2009
  35. 35. Facing $38 million in budget cuts,school officials chose to furlough every employee for five days.
  36. 36. Faculty and staff raisedover $70,000 to helpreimburse 158 lower-wageco-workers for lost incomeduring the furloughs.
  37. 37. “And last but not least, we wish to thank our loyalemployees. Without them...” —Final paragraph of most annual reports
  38. 38. 60MILLION
  39. 39. “I prefer to live in a world where this is ordinary.” Leonard Abess
  40. 40. 9.4 percent
  41. 41. “Was thinking that if each of ushelped just 1 person find a job,we could start making a dent in unemployment. You game?” Mark Stelzner
  42. 42. “You game?”
  43. 43. In the first year, over 40,000Job Angels started helping people find jobs.
  44. 44. Franciscanomics
  45. 45. “ THE EARLY FRANCISCANS, WITH THEIR PASSIONATE SYMPATHY FOR THE SUFFERING ANDThe Catholic World October 1903 OPPRESSED, LARGELY CONTRIBUTED TO THE FINAL DISAPPEARANCE OF CORRUPT FEUDALISM.”
  46. 46. “A little man maydo 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
  47. 47. If a few leaders can cast suspicionon the integrity of an entire nation...
  48. 48. ...then why can’t some morally strong leaders restore the public’s faith that people are generally good?
  49. 49. FranciscanomicsYou might not become a saint—or get the publicity afforded today’s notorious business scoundrels.
  50. 50. But you’ll succeed in proving that there are stillHONORABLE PEOPLE in the world today.
  51. 51. You game?
  52. 52. Rebuilding fromthe Recession in Your Heart FRANCISCANOMICS
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