Ymca Franciscanomics

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Ymca Franciscanomics

  1. 1. FRANCISCANOMICSIndiana YMCAs Executive Conference May 5, 2001
  2. 2. Paul Volcker“The U.S., along with the rest of the world, is in the midst of a great recession.”
  3. 3. “Top economists wary of declaring recession over”Headline / San Francisco Chronicle / 04.13.10
  4. 4. “The Recession Is OVER, SaysEconomic Panel.” Associated Press September 20, 2010
  5. 5. “LABOR MARKET STILL SOFT AS JOBLESS CLAIMS RISE”–NEWSROOM AMERICA, 01/27/11
  6. 6. “This report is a clear warning thatthe recovery is very weak. ” —Dean Baker, Center for Economic and Policy Research
  7. 7. QUESTION: Is this the worst economysince the Great Depression?
  8. 8. CarterADMINISTRATION
  9. 9. Prime Rate20% April 2, 1980 Source: www.wsjprimerate.us
  10. 10. COMPANIES COULDNOT AFFORD TOBORROW MONEY TOOPERATE THEIRFACTORIES.SUPPLY DRIED UP.AS A RESULT, THEINFLATION RATE ATTHE TIME WAS 14.5PERCENT.
  11. 11. “Are you better off today than you were four years ago?” Ronald Reagan
  12. 12. Reagan Carter Landslide!Source: www.uselectionatlas.org
  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. “The best year in safetyperformance in our company’s history.” Transocean Ltd.
  23. 23. “Exxon Mobil 1QNet Soars 69% OnHigher Oil Prices” The Wall Street Journal April 28, 2011
  24. 24. Corporate >> FEUDALISM
  25. 25. 49 PERCENT Less than half of all U.S. employees trust their senior leaders.Source: Watson Wyatt
  26. 26. a RECESSION HEARTOF THE
  27. 27. 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.
  28. 28. Reaganomics
  29. 29. Ripple Out vs.Trickle Down
  30. 30. a case study
  31. 31. “And standing therebareheaded in thesun, apologizing tothe beggar, thestrangest thoughtflashed across hismind. He and thispoor man werebrothers.”Sara MaynardPrincess Poverty
  32. 32. “Francis, go and repairmy church, which, as you see, is falling into ruins.”SOURCE: Edmund O’Gorman, St. Francis for Today
  33. 33. Stones and mortar?
  34. 34. Fix the recession!
  35. 35. Stocks and bonds?
  36. 36. Franciscanomics
  37. 37. If a few leaders can cast suspicionon the integrity of an entire nation...
  38. 38. ...then why can’t some morally strong leaders restore the public’s faith that people are generally good?
  39. 39. “But wait. We’re not saints.”
  40. 40. “Furloughs Hit the White- Collar Set”Headline / Wall Street Journal / 02.24.2009
  41. 41. Facing $38 million in budget cuts,school officials chose to furlough every employee for five days.
  42. 42. Faculty and staff raisedover $70,000 to helpreimburse 158 lower-wageco-workers for lost incomeduring the furloughs.
  43. 43. Francis-like behavior
  44. 44. “And last but not least, we wish to thank our loyalemployees. Without them...” —Final paragraph of most annual reports
  45. 45. 60MILLION
  46. 46. “I prefer to live in a world where this is ordinary.” Leonard Abess
  47. 47. 10.1 percent
  48. 48. “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
  49. 49. “You game?”
  50. 50. In the first year, over 40,000Job Angels started helping people find jobs.
  51. 51. Joe Works
  52. 52. RANDOMacts of kindness
  53. 53. –Joe Works
  54. 54. LISAEPSTEINVERSUS THEROBO-SIGNERS
  55. 55. predatory lending
  56. 56. “At its most rapacious, greedtrumps rationality, judgment,perspective, and any concernwith the collateral damage itmay cost.”Tony Schwartz
  57. 57. ‘I was naïve to believe that banksand borrowers were held to thesame laws. I know better now. ’ Lisa Epstein www.foreclosurehamlet.org
  58. 58. HUD reports that there are nearly 650,000 homeless people in thecountry on any given day.
  59. 59. “...other places not meant for human habitation.”
  60. 60. PETERSAMUELSON“I had to do something about the ladyliving in a refrigerator box near where Isleep in a house with a refrigerator.”
  61. 61. “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
  62. 62. “It’s not morally acceptable tolet people remain in miserable circumstances, if you aren’t offering alternatives.” Peter Samuelson
  63. 63. 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
  64. 64. LawCelena’s
  65. 65. “For many years I had novoice. Well, I’ve found it now.” Celena Roby
  66. 66. Do YOU know what it means to be hungry?
  67. 67. the h word
  68. 68. 1 in 6Americans is food insecure, including a quarter of the country’s children. -USDA
  69. 69. AnANGEL in Queens
  70. 70. • 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
  71. 71. Jorge Muñoz
  72. 72. The Wolf of Gubbio
  73. 73. interdependency
  74. 74. “ 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.”
  75. 75. “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
  76. 76. FranciscanomicsYou might not become a saint—or get the publicity afforded today’s notorious business scoundrels.
  77. 77. But you’ll succeed in proving that there are stillHONORABLE PEOPLE in the world today.
  78. 78. You game?
  79. 79. FRANCISCANOMICSIndiana YMCAs Executive Conference May 5, 2001

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