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Archive for October, 2008
Next Entries »How ethical is the press coverage of the Presidential campaign?
Friday, October 10th, 2008For the past several weeks, I’ve devoted each Friday’s post to ethical issues facing the next President. This week, however, I want to focus on the ethics behind the press coverage they’ve received … or lack thereof.
Let’s start from the premise that voters are about to elect the next President of the United States, not [...]
It’s a great day to take the Business Ethics Pledge
Wednesday, October 8th, 2008Tonight begins Yom Kippur, the “Day of Atonement,” one of the holiest days on the Jewish calendar. On Yom Kippur, practicing Jews around the world ask and receive forgiveness for their sins, mistakes and shortcomings. Regardless of your religious denomination, this is a wonderful day for soul-searching, admitting past errors, apologizing, and forgiving the people [...]
Will the next President address the human cost of the financial crisis?
Tuesday, October 7th, 2008Yesterday, I reported the story of Addie Polk, a 90-year-old woman whose home loan had been foreclosed and who shot herself when the sheriff’s deputies came to evict her. Mrs. Polk’s story had a relatively happy ending; her loan was forgiven, her home was restored, and she’s expected to recover from her injuries.
The Rajaram family wasn’t [...]
Predatory lending practices take a human toll
Monday, October 6th, 2008AOL News reported yesterday that a ninety-year-old woman in Akron, Ohio shot herself in the chest as sheriff’s deputies attempted to evict her from the home where she’s lived for almost thirty years. According to AOL, Addie Polk became the sole owner of her home when her husband died in 1995. Two years later, she [...]
How will the next President handle Social Security?
Friday, October 3rd, 2008One of the ugly side effects of the crisis on Wall Street has been the ongoing tumble in the stock market. If you think that only affects high-rolling investors, think again. Most of the employee benefit plans in this country are deeply invested in equities, so a plunge in stock values can mean major pain [...]
Was SEC Chair Christopher Cox right to dismiss self-regulation?
Thursday, October 2nd, 2008As the subprime mortgage/credit crisis continues to play out, the second-guessing has begun. The New York Times recently quoted Securities and Exchange Commission Chairman Christopher Cox as blaming the SEC’s “voluntary regulation” program for the failure. To grossly oversimplify the program, investment banks were invited, but not required, to submit to the SEC’s supervision, opting [...]
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