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Ymca Franciscanomics
 

Ymca Franciscanomics

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    Ymca Franciscanomics Ymca Franciscanomics Presentation Transcript

    • FRANCISCANOMICSIndiana YMCAs Executive Conference May 5, 2001
    • Paul Volcker“The U.S., along with the rest of the world, is in the midst of a great recession.”
    • “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. ” —Dean Baker, Center for Economic and Policy Research
    • 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 TIME WAS 14.5PERCENT.
    • “Are you better off today than you were four years ago?” Ronald Reagan
    • Reagan Carter Landslide!Source: www.uselectionatlas.org
    • 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 thing, not the easy thing.” Commencement Speaker St. Anselm College, 2002
    • “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 integrity. We safeguardcompany assets. We comply withall company policies and laws.”Source: The Tyco Guide to Ethical Conduct
    •  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
    • “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 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
    • 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.
    • Photo by Win McNamee/Getty Images“I would like my life back.” Tony Hayward, former BP CEO
    • “The best year in safetyperformance in our company’s history.” Transocean Ltd.
    • “Exxon Mobil 1QNet Soars 69% OnHigher Oil Prices” The Wall Street Journal April 28, 2011
    • Corporate >> FEUDALISM
    • 49 PERCENT Less than half of all U.S. employees trust their senior leaders.Source: Watson Wyatt
    • a RECESSION HEARTOF THE
    • 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.
    • Reaganomics
    • Ripple Out vs.Trickle Down
    • a case study
    • “And standing therebareheaded in thesun, apologizing tothe beggar, thestrangest thoughtflashed across hismind. He and thispoor man werebrothers.”Sara MaynardPrincess Poverty
    • “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?
    • Franciscanomics
    • 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?
    • “But wait. We’re not saints.”
    • “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.
    • Francis-like behavior
    • “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
    • 10.1 percent
    • “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
    • “You game?”
    • In the first year, over 40,000Job Angels started helping people find jobs.
    • Joe Works
    • RANDOMacts of kindness
    • –Joe Works
    • LISAEPSTEINVERSUS THEROBO-SIGNERS
    • predatory lending
    • “At its most rapacious, greedtrumps rationality, judgment,perspective, and any concernwith the collateral damage itmay cost.”Tony Schwartz
    • ‘I was naïve to believe that banksand borrowers were held to thesame laws. I know better now. ’ Lisa Epstein www.foreclosurehamlet.org
    • HUD reports that there are nearly 650,000 homeless people in thecountry on any given day.
    • “...other places not meant for human habitation.”
    • PETERSAMUELSON“I had to do something about the ladyliving in a refrigerator box near where Isleep in a house with a refrigerator.”
    • “This is a modest way to make a difference in people’s lives.” Peter Samuelson Photo: Nick Stern Photo: Nick SternPhoto: Nick Stern Photos: Nick Stern Photo: Nick Stern Photo: Joe Ravetz Photo: EDAR
    • “It’s not morally acceptable tolet people remain in miserable circumstances, if you aren’t offering alternatives.” Peter Samuelson
    • FACT:On an average day, more than 60,000adults and children seek refuge fromabusive relationships. Nearly 5,000 requestsfor emergency shelter or transitional housinggo unmet every day. National Network to End Domestic Violence
    • LawCelena’s
    • “For many years I had novoice. Well, I’ve found it now.” Celena Roby
    • Do YOU know what it means to be hungry?
    • the h word
    • 1 in 6Americans is food insecure, including a quarter of the country’s children. -USDA
    • AnANGEL in Queens
    • • 15 pounds of pasta• 22 pounds of rice• 60 pounds of chicken• 10 pounds of frozen vegetables• 10 pounds of onions• 10 pounds of peppers
    • Jorge Muñoz
    • The Wolf of Gubbio
    • interdependency
    • “ 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.”
    • “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
    • 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?
    • FRANCISCANOMICSIndiana YMCAs Executive Conference May 5, 2001