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Regular thoughts on the human condition and corporate social responsibility by the CEO of a "for-benefit"company.
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The great unwinding of our governmental competence is finally complete. Having mis-managed the FDA, FEMA, the SEC, the war on terrorism, the Justice Department, and US-Russia realtions, just to name a few areas, this week we failed to respond to the global economic meltdown. We failed on many fronts -- we didn't see it coming, we exacerbated a bad situation by giving the financial markets more, rather than less, freedom -- but I never expected this administration (the one that invented the term "death tax" and presented the proposal to strip away meaningful environmental protections as "The Clear Skies Initiative") to lose a battle because they framed it wrong. Really...
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"The global economic crisis was barely averted today by the courageous efforts of US Presidential candidate, John McCain, who selflessly set aside his campaign -- putting country first, while rival Barack Obama practiced for a debate -- to work around the clock with a breakaway group of maverick House Republicans to get them to back the $700 billion troubled assets purchase plan first offerred over the weekend by the genius, Henry Paulson, Treaury Secretary. Senator McCain, as he has done so often in his long and storied career of public service, used his experience to reach across the aisle and single-handedly negotiate the most important piece of legislation ever acted upon by the US government...
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