I know I have been M.I.A. for a while now and I am sorry. But wow how things have changed. After the lovely month of October watching the market... as well as my career go down the tubes I decided to move back to CT. (not that the oppressive Upstate NY winters aren't great!)
I am not saying i made a bad decision but it hasn't been easy. At first i could find any reasonable apartments, and well $900 for a one bedroom in New London is not reasonable. Then I realized that it might be hard to pay for this apt with out a job... hahaha talk about the egg before the chicken!
After tirelessly searching for a job with my qualification I decided that competing for the same position with people far more qualified than myself, but willing to accept comparable pay was going to be a long uphill battle... And it has been.
Enough about me... How about this:
Seriously, like the $700 BILLION dollar bailout of the financial wasn't enough, we are now finding out (officially) that there is monitoring system of how this money is being sent, and most importantly not being lent. Is anyone really surprised by this? REALLY?
And more hilarious, in a very depressing, pathetic and sad way, is new bailout of the automotive industry... I understand that the collapse of the big three would be very detrimental to the already troubled economy... But here is novel idea:
How about we bailout... us? You know the middle class. the ones that were the most affected by this sub-prime crap, without even being involved in it... I know it would be impossible to tell those deserving from those stupid enough to buy into an A.R.M.
But come on! We didn't participate, yet we are the one getting blush of the fall out. Because those who are out on their butts after a foreclosure... they qualify for all of these government programs to help those less "fortunate"!
But... NO... that could never help. The only possible answer is the have the tax payers hand over $700B to the financials, with no accountability. While they split the bulk of it between the C.E.O.s and their cash reserves, NONE of it is coming back to... wait for it... the tax payer.
Now I think enough can be said that Republicans are against the Automotive bailout...
This is my ultimate point (sorry about the ramblings):
When we pay taxes we usually see it somehow... Roads, bridges, schools, even the Iraq war! But when you bailout a privatized industry with public moneys, with no accountability or visible benefit the public we do the opposite of invigorating the economy or creating consumer confidence! We are digging a whole that truly scares me...
Well, thanks for checking in after my absence... 'till next time (it wont be so long!)
-CMF
Thursday, December 11, 2008
Thursday, September 25, 2008
Brilliant
dropped the ball yesterday! But I love Septembers! The air is crisp, school is back in, and markets are usually acting like a hormonal teenager! fun, fun, fun!!!! so to the task at hand:
I have gotten many great suggestions for some unique, worth while charities. THANK YOU!
All of these got me thinking, there are so many great charities, helping all aspects of our world, but I really feel that long term sustainability is truly the best way to make a difference.
Introducing Heifer:
http://www.heifer.org/site/c.edJRKQNiFiG/b.201470/#
What I found unique about this particular organization is their complete dedication to the old adage of teaching someone to fish.... Plus they have a very navigable site, with interactive pages for children. I also appreciate the many facets of involvement.... I am aware that while there is a large number of people who have a propensity for philanthropy, they might not have either a= the time, or b= the money.... this organization caters to those with big hearts who want to help anyway they can.
Another key to this charity is their lack of constraints with regards to whom, or where they donate their efforts!
Get involved, help another, and remember: Children are our future... get 'em involved!
I have gotten many great suggestions for some unique, worth while charities. THANK YOU!
All of these got me thinking, there are so many great charities, helping all aspects of our world, but I really feel that long term sustainability is truly the best way to make a difference.
Introducing Heifer:
http://www.heifer.org/site/c.edJRKQNiFiG/b.201470/#
What I found unique about this particular organization is their complete dedication to the old adage of teaching someone to fish.... Plus they have a very navigable site, with interactive pages for children. I also appreciate the many facets of involvement.... I am aware that while there is a large number of people who have a propensity for philanthropy, they might not have either a= the time, or b= the money.... this organization caters to those with big hearts who want to help anyway they can.
Another key to this charity is their lack of constraints with regards to whom, or where they donate their efforts!
Get involved, help another, and remember: Children are our future... get 'em involved!
Wednesday, September 17, 2008
Humanitarian Day
Since I attend my rotary meeting on Wednesday I found it only appropriate that each Wednesday I highlight a foundation, or worthy cause that i find important. Trying to find my first topic was causing me some distress. There are so many charities that are very important to me that I have participated in, I was struggling with which one to bring to the forefront.
I had to look no further than my late night comedy central lineup!
Last night, while watching The Colbert Report, the special guest was sports writer for ESPN magazine Rick Reilly with an great new foundation "Nothing but Nets." At first I thought it was regarding something with basketball, or some type of net sport, and rapidly dismissed it... as i listened, I discovered how very different it was.
Nothing but Nets is a foundation started by Mr. Reilly to supply the African continent with nets to hang over their bed to help with the fight against a huge killer- Malaria. The cost is $10 per net and can save a life! This disease kills over 1 million children per year!!! And we can help with a small $10 donation. Mr. Reilly was so enthusiastic about this cause i was moved. It is a great, simple way to get children to help other children, and the cause alone is more than worthy!
I invite everyone to check out this fantastic, moving website! http://www.nothingbutnets.net/
It is so simple, so inexpensive, and so important... Thank you all!
I had to look no further than my late night comedy central lineup!
Last night, while watching The Colbert Report, the special guest was sports writer for ESPN magazine Rick Reilly with an great new foundation "Nothing but Nets." At first I thought it was regarding something with basketball, or some type of net sport, and rapidly dismissed it... as i listened, I discovered how very different it was.
Nothing but Nets is a foundation started by Mr. Reilly to supply the African continent with nets to hang over their bed to help with the fight against a huge killer- Malaria. The cost is $10 per net and can save a life! This disease kills over 1 million children per year!!! And we can help with a small $10 donation. Mr. Reilly was so enthusiastic about this cause i was moved. It is a great, simple way to get children to help other children, and the cause alone is more than worthy!
I invite everyone to check out this fantastic, moving website! http://www.nothingbutnets.net/
It is so simple, so inexpensive, and so important... Thank you all!
Tuesday, September 16, 2008
Lehman, AIG, Merrill... OH MY!....
Well it has been an interesting 2 days, to say the least...
Sunday night, around 8pm, a good friend of mine "Nate" was watching the news. Much to his surprise, he learned his employer, Financial GIANT Merrill Lynch was now a part of the beloved (sense the sarcasm) Bank of America...tumtumtum! The branch has been in turmoil, clients calling by the hour. Merrill's price per share closed today at a remarkable $22.18! The price in September of last year (when I graced the office with my presence) was up around $80, and everyone was mad at the recent $15 per share drop! Whose pissed now- at least they don't work for Enron ; )
It gets better...
The Federal Reserve bank, lovingly called the Fed, or formally Greenspan's bitch, is considering a bail out of insurance giant AIG (not the financial side) and amidst all of this their price per share on stock closed down 50% today...
NO! more????
In addition to AIG's running shareholders, WaMu is also scaring them away with rumors of a potential buy out.... I remember when they were threatening to buy out Merrill last year, how it all comes full circle!
- does this remind anyone of high school... RUMORS abound!!!!!
On a side note, something good did come out of all of this, other than Morgan Stanley beating analysts estimates for earnings!
The Sox are now tied for first place in the A.L. east, Good Luck Beckett! bring it home!
...Lions and Tigers and Bears... Oh my (but definitely no Bull... market that is!)
Sunday night, around 8pm, a good friend of mine "Nate" was watching the news. Much to his surprise, he learned his employer, Financial GIANT Merrill Lynch was now a part of the beloved (sense the sarcasm) Bank of America...tumtumtum! The branch has been in turmoil, clients calling by the hour. Merrill's price per share closed today at a remarkable $22.18! The price in September of last year (when I graced the office with my presence) was up around $80, and everyone was mad at the recent $15 per share drop! Whose pissed now- at least they don't work for Enron ; )
It gets better...
The Federal Reserve bank, lovingly called the Fed, or formally Greenspan's bitch, is considering a bail out of insurance giant AIG (not the financial side) and amidst all of this their price per share on stock closed down 50% today...
NO! more????
In addition to AIG's running shareholders, WaMu is also scaring them away with rumors of a potential buy out.... I remember when they were threatening to buy out Merrill last year, how it all comes full circle!
- does this remind anyone of high school... RUMORS abound!!!!!
On a side note, something good did come out of all of this, other than Morgan Stanley beating analysts estimates for earnings!
The Sox are now tied for first place in the A.L. east, Good Luck Beckett! bring it home!
...Lions and Tigers and Bears... Oh my (but definitely no Bull... market that is!)
begining
I have been toying with the idea of starting a blog. Well, I finally did it! I wanted to create something of an open forum for an intellectual stream of thought (lets hope I can accomplish that!) For the name: Innovation was drilled so far into my head in business school, I guess it just stuck with me...
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