Author Archive

Block Google?

November 28, 2009 4 comments

Blocking Google?
“Murdoch’s News Corp., which owns the Wall Street Journal and New York Post, among others, has discussed with Microsoft a plan to remove its newspaper content from Google’s search results.” Users will have to use Microsoft’s Bing to get access to these articles. Murdoch wants everyone to pay for news even if they are getting it online. First, I think is a horrible idea for everyone. Secondly, the internet as a whole is fickle, if a doorway is blocked it moves on to something new. If this goes through, I do not foresee things going well for Murdoch.

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AIG Staff Threatens to Quit Over Bonuses

November 27, 2009 Leave a comment

The Article linked above goes on to say the unless the AIG staff receives their $198 million dollars worth of bonuses, they will quit. While part of me agrees with them, if you are promised a bonus you deserve to get it. Yet, there is a large part of me that essentially says “who cares about them”, they are largely responsible for the economic collapse, they don’t deserve anything. Is this a situation where it may be okay to break a previous promise?

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Hope for AIG

November 11, 2009 Leave a comment

Government Repayment?
“Shares of AIG rose Tuesday after Moody’s Investor Service analysts said they believe the company will have the resources to fully repay the federal government. If they can repay the government, this would give the government incentive to continue supporting AIG and its various creditors.”
Whether or not they actually do payback the loan, we will see, but this seems to be a step in the right direction. Hopefully this will set an example to others that received government bailout funds, that these were not gifts but loans.

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A Promise to Be Ethical in an Era of Immorality

November 10, 2009 4 comments

An Ethical Promise
When students graduated from the Harvard Business School in May, many of them took a new oath essentially saying that greed is not good. Nearly 20 percent of the graduating class have signed “The M.B.A. Oath.” The purpose was to create business leaders wanting to “serve the greater good.” The Oath holds Harvard M.B.A.’s to act responsibly, ethically and refrain from advancing their “own narrow ambitions” at the expense of others. I think this was a huge step away from corporate greed and as well as one towards a benevolent society. If more Universities offer something similar, business majors can lose the cut-throat reputation they have had for so long.

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Profits?! Maybe, They Can Pay Us Back Now

October 14, 2009 2 comments
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Bank Error Causes Judge to Make an Unusual Ruling

October 1, 2009 2 comments

Judge Orders Google To Deactivate User’s Gmail Account
Rocky Mountain Bank mistakenly sent names, addresses, social security numbers and loan information of more than 1,300 customers to a Gmail address. When the bank realized the problem, it sent a message to that same address asking the recipient to contact the bank and destroy the file without opening it. No one responded, so the bank contacted Google to ask for information about the account holder. Google told the bank it would have to get a court order to obtain such data. The bank then filed papers asking a court to order Google to disclose the information and deactivate the account. The Courts now have authority to shutdown personal email accounts because of someone else’s negligence. How is the not a violation of privacy rights? I understand the bank made a mistake, but why is the faultless person being punished?

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Watchdog Fed Didn’t Bother Barking

September 28, 2009 Leave a comment

Fed Held Back as Evidence Mounted on Sub Prime Loan Abuses
“In the prime market, where we need supervision less, we have lots of it. In the subprime market, where we badly need supervision, a majority of loans are made with very little supervision,” former Fed Governor Edward M. Gramlich, a critic of the hands-off policy, wrote in 2007. “It is like a city with a murder law, but no cops on the beat. What is the point of making policies to prevent economic downturns but not enforcing them. Do they just pass laws to ease the collective mind of the public as a defense? So they can say well we had policies in place, but we are not sure why they did not work.

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