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Government Intervention - 01/31/09 07:39 AM
The economic models of socialism, capitalism, and European-style socialized capitalism are under pressure given today's economic realities. In a global economy, where we are all inerconnected and inter-dependent, the reality of which model will be most effective in attending to our issues is murky at best. John Byrne (Business Week's publisher) sums it up best, "[t]his is the first financial crisis of the global age. There is no clear map to deal with it". When left to its own devices with minimal (or ineffective) governmental regulation it appears that the US capitalistic, free-market model can lead to short-sighted and self-serving decision … (1 comments)
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It's easy to write about it, but hard to solve it - 01/25/09 09:08 PM
I suffer from this more than most. Having been trained as a lawyer, I'm long at problem spotting, scrutinizing and critiquing proposed client actions, but short on prescribing the remedy - so here goes. The economy is in a tailspin and much has been written about what caused it; why we are in the position that we're in; and how long it might take to deal with these economic issues. We seem to still be mixing the ingredients to come up with the formula, or as my colleague John Coe says, the "medicine" that will cure our ailments. Before prescribing, however, we need to … (1 comments)
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You still need the address for GPS to work - 01/19/09 09:36 PM
As attorneys, we find ourselves from time to time being called upon to guide clients through business situations that require skills more akin to a consultant than a legal advisor.
In that role, I find the following advice helpful:
Understanding the objective of the decision is often a key to the decision itself. There should be a business plan underpinning a strategy. The instinct of a business person gives one the ability to understand what a business needs. That is, knowing the general direction to head toward. That knowledge, however, does not necessarily impart on us the knowledge of the business' … (1 comments)
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It's Real Estate not hopes & dreams - 01/19/09 09:31 PM
We buy and sell hopes and dreams all the time, particularly the American Dream. We store these hopes and dreams in the financial markets and over the past 70 plus years, our financial or capital markets have fueled growth, innovation and development, and spurred us into becoming an ownership society. Unfortunately, just as the financial markets rise based upon confidence, hopes and dreams, they also fall based upon a lack of confidence, hopelessness and dashed dreams. That's just the way it is. But real estate is an actual investment that you can see, touch, and care for. In real estate, whether … (0 comments)
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End of the year musings - 01/06/09 12:55 PM
It's very difficult to refrain from taking action to stem the spiraling economic crisis, but in reality there is little that has been done so far that will aid a near-term recovery, and less that can be done to prevent the continuing difficulty we will experience in 2009. The billions of dollars funneled through TARP to GM, Citibank, GMAC, and AIG will merely result in book-entries in their Chapter 11 papers, and saddle ours and future generations of taxpayers with overwhelming odds. We have learned all too painfully that each element of our economy is intertwined, and devastation in one area generally sifts into other areas as well. Nevertheless, as much as the … (0 comments)
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Warren Kirshenbaum
Needham,
MA
More about me…
Cherrytree Group, LLC
Address: 233 Needham Street, Suite 402, Newton, MA, 02464
Office Phone: (617) 431-2266 x 201
Cell Phone: (617) 816-8013
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