Four years ago this month, Enron Corporation – No. 7 on the Fortune 500 – filed for bankruptcy, culminating a collapse that shocked America.
It is commonly believed that Enron fell because its leaders, eager to make money, schemed to bilk investors. The ethical lesson, it is said, is that we must teach (or force) a businessman to curb his selfish, profit-seeking “impulses” before they turn criminal. Continue Reading The unlearned lesson of Enron, 4 years later
This article is about the most powerful market timing technique that has ever been developed.
Now before you check the title to be sure you’re actually reading Allan Roth’s column, it’s true, I’m going to tell you to make gutsy moves in timing the market. Methods like technical analysis or Super Bowl games aren’t a good way to time the market, but there is one way that actually works. Continue Reading Portfolio rebalancing
Modern Colorado Springs bears little resemblance to the “Little London” envisioned by founder Gen. William Jackson Palmer.
His planned “Little London” and its cultured society gave way to a diverse population with a gold strike on the back side of Pikes Peak. Societal segregation began a slow death in Colorado Springs the moment the working class found instant riches in Cripple Creek. Continue Reading CSPD looks to reflect, respect the community
A long weekend with a 3-year-old and a 5-year-old allowed me time to watch both versions of “Shrek.” Once the kids went to bed, I put a borrowed copy of “Wal-Mart: The High Cost of Low Price” into the DVD player.
It seems to me that people who already hate Wal-Mart will love this movie, but I found it boring. The “facts” that the movie displays in hammering type were not sourced, so it made me wonder about the validity of the data. Continue Reading Wal-Mart ahead of the global economy game
This just in: your co-workers at the office are likely to be more distracted and less productive during the holiday season.
Now I’m thinking that we really didn’t need a formal survey to confirm this, but the folks at Accountemps were good enough to do one anyway. They polled 150 senior executives from the nation’s 1,000 largest companies and found that 42 percent of respondents believed that employees are “somewhat less productive” the week before a major holiday. Continue Reading Holidays synonymous with decline at offices
I believe it was either Ed Barlow or Jeffrey Gitomer that said our tourism folks are, or should be, our leaders in economic development because they are the initial contacts for visitors to our region.
Our cab and limo drivers should know some of our business statistics and quality of life indicators so they can be ambassadors for our economic development. Continue Reading Promoting Springs is everyone’s business
I recently visited hurricane-ravaged New Orleans. Words cannot describe the devastation that hurricanes Katrina and Rita brought to the area. But, let me try.
Sixteen parishes (counties) surrounding New Orleans were devastated by the storm. Nearly 250,000 local residents were displaced from the area to locations throughout the United States. Continue Reading We are all Americans, and New Orleanians
Last week, I had the opportunity to try two of downtown’s newest entertainment venues. One made quite a good impression; the other simply left an impression.
On Thursday, I spent some time at the Paradox Lounge at Southside Johnny’s. My first impression: it looks like Johnny’s has made an already good club even better. Continue Reading A tale of two venues that’s all about shoes
They are everywhere. Drive down almost any street, in any city and town in Colorado and you will see them.
Retailers and manufacturers, wholesalers and contractors, one-person shops and significant employers. They are small businesses, and they are the dynamo that powers Colorado’s economy. Continue Reading Small businesses fuel Colorado’s economy
With the holiday season fast approaching, one group of people at the office that you might want to make a special note to thank is the information technology crew.
According to a survey by Robert Half Technology, 66 percent of chief information officers polled said that their teams have more on their plates than 12 months ago. Only 4 percent of respondents reported that work levels had declined. Continue Reading This holiday season, hug somebody from IT