By John B. Mumford
The place within the heck are the "generous presents" the general public is accused of vote casting for? most folk are operating more durable, and longer hours, for decrease genuine wages. There can have been beneficiant presents to banks and medical insurance businesses, yet I yes do not see them for the typical Joe. One percentage of the folks personal ninety-five percentage of the wealth, and primarily run Congress. they've got gotten the beneficiant presents, yet please do not say the shrinking center category has gotten something yet a kick within the rear.
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Extra info for Broke: What Every American Business Must Do to Restore Our Financial Stability and Protect Our Future
Thomas Jefferson The Celebration H is name is Ross Gregory, and yesterday was his college graduation. He can’t believe that the day is ﬁnally here—June 10, 2011. He had his twenty-ﬁrst birthday just last week, then it was the walk across the stage to receive his diploma; today is a day to celebrate! He scans the backyard of his family’s modest home and takes note of all the people who have joined him to celebrate his graduation and the new job he will start next week. Dad is at the grill; Mom is busily arranging plates and food on the serving table.
The means they chose was to kill a lamb, spread the blood on Joseph’s new coat, and throw him into an abandoned well to be left for dead. His brothers returned home to report to their father that Joseph was dead, and they provided his bloodied coat as evidence. Their father was incredibly distraught; Joseph was his favorite son. 24 BUSINESS LEADERSHIP IN TWENTY-FIRST CENTURY AMERICA Meanwhile, Joseph’s cries for help from the well soon attracted the attention of the masters of a passing caravan.
His friends are, like him, dismayed and confused. Sadly, he is only now aware of a larger set of issues confronting the nation: a declining dollar, massive debts, a tsunami of risky derivatives, unforeseen disasters with no provisions for overcoming them, lurking inﬂation, declining infrastructure, millions of jobs lost to overseas employers, stagnant wages, rising unemployment, and a host of international challenges that rival any peacetime era in his country’s history. The economic meltdown of 2007 to 2009, he learns, has stolen nearly half of the value of many families’ savings and investments.