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Archive for the ‘In the News’ Category

It’s been a long time coming, but at long last here’s the radio interview I promised you. I was on the Michael Hart show with Bernie Marcus, retired founder of The Home Depot, and here is the audio of that conversation. As you may notice, the interview is in large part with Bernie Marcus, and [...]

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Our economy has had its ups and downs in recent months and years. The experts say that we can’t technically have a double-dip recession because of the time that has passed since the official end of the first recession, but in my opinion, we’re not going to enter a double-dip recession because we never got [...]

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I want to dedicate this post to my partner, Curt Friedberg, who was just given the Turnaround Management Association Award for his “outstanding accomplishments” turnaround around USA Dry Van Logistics. This is GGG’s sixth TMA Award, and I’m incredibly proud of Curt for earning it. Congratulations, Curt!

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The stock market plunged 390 points yesterday. Are you surprised? I’m not, especially in light of the sentiment I’ve been sharing in my recent posts. Our stock market is a gut reaction to what’s happening out there, and right now, that’s in Europe. The market is only as smart as the last person it talked [...]

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I’ve been writing a lot lately about Greece, which is representative of the larger problems Europe is having right now. My interest lies in the fact that an organization (in this case a country or group of countries) is spinning out of control in crisis and has little or no idea how to fix things. [...]

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If you’re a news person or you follow finance then you’re no doubt already aware of the situation in Greece. That country is a mess. It’s debt is astronomical; it has no capacity to repay; the political situation is volatile at best; there are mass protests, and nobody has any idea what to do. That’s [...]

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I’ve talked about it before, and here’s another reason that America should be run like a business. Each and every bill that goes through Congress has many pieces yet most of those pieces don’t pertain to a bill’s raison d’être. Why? Self interest and politics. It’s for those same reasons that bills we need don’t get [...]

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I was recently on WSB radio, and I explained there the same thing I explained in my recent Atlanta Business Chronicle article. We have to cut the rate of spending – the rate at which we’re burning money – in the government. 10 or 15% across the board – that’s every single department – is [...]

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As you may have read, some former Fed Officials are suggesting a new round of securities purchases to spur the economy. They claim that this move is in response to stifled job growth and  continued recession issues. Shenanigans! Well, I used a harsher word before, but this time I’m going with shenanigans. Purchase a new [...]

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This article was published in its original form in the Atlanta Business Chronicle here. The United States is a capitalistic society, so I often wonder why the government isn’t run like a business. We had a surplus 12 years ago, but now our debt is astronomical: nearly 14 and a half trillion dollars. This isn’t [...]

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