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Posts Tagged ‘class warfare’

Book Review: Fraternity, Ultimately a Love Story

Posted by Larry Doyle on January 27th, 2012 1:03 PM |

In the process of navigating our economic landscape, we are perpetually encountering risks. These risks not only present themselves from the standpoint of the market and the economy but also on a much larger scale from a social, political, and personal perspective as well.

How do we learn to manage risks going forward? We are compelled to study and appreciate the lessons from the past.

To do just that, I strongly encourage people to read a recently published book which takes us back to the volatile days of the late 1960s. This literary masterpiece very personally details how a group of young African American students and the Jesuit mentor who recruited them to college took very real risks. What was the result of managing these great risks?

A foundation for long term and very real rewards. This fascinating book is Fraternity by Diane Brady.  (more…)

Financial Logic and Morality

Posted by Larry Doyle on March 22nd, 2009 12:26 PM |

I am a proud graduate of the College of the Holy Cross, a Jesuit institution in Worcester, MA. The strength of a Jesuit education lies in the principles of Logic and Morality. While I fully appreciated my classes in Economics, German, Philosophy, and others, my classes in Logic and Morality made the greatest impact on me. Those classes forced me to think, not make rash judgments, take positions, and defend them.  

Fast forward to 2009 and a banking industry facing hundreds of billions, if not trillions, of unrealized losses. How do we most effectively, efficiently, and expeditiously address the health of this banking system so that our economy and population can regain its footing and prosper?  Let me revert back to the late ’70s and early ’80s and the principles instilled in me by those Jesuits.

 My Logic class utilized “decision trees.” My Morality class was based on the principle of “the greatest good for the greatest number.”

What have we learned over the last 6 months, as well as the last 16 years, to help us chart our way forward? (more…)






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