Special Report on
Lessons of receivership
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on Fox News comes to the opposite conclusion. Given current trends in U.S. public finance, Dr. Krauthammer contends, Greece is our “future.” In a similar vein, former Fed chairman Alan Greenspan approvingly cites the analogy between Greece and the U.S. as setting “the stage for a serious response” to the United States’ budgetary challenges. The Greek experience is not inevitable, but it is instructive. There are seven lessons the United States should take from the Greek fiscal crisis: 1) Fiscal problems can imperil nations without warning. The Crash of 2008 demonstrated that fiscal crises can pummel financial firms seemingly ...
Cash flow is one of the most important thing in keeping a business alive. Without a healthy cash flow, one cannot keep a business viable. Leo Donlevy at the University of Calgary’s Haskayne School of Business made a valid point (emphasis added), “… it appears that growing the business got Callebaut into trouble. “Many businesses … bought very expensive real estate assets and other assets when times were good,” Donlevy said. “ And times went bad, and being the maker of a luxury product, sales probably went down and cash flow dried up, and [Callebaut] got ... Read More
SURVEY RESULTS FOR
LESSONS OF RECEIVERSHIP
Eric Schmidt on policy priorities for 2009
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