Archive for the ‘Business’ Category
Assign each of our state universities an industry to monitor and inspire with notions of honesty, sustainability, accountability and research and development. All professors and students participate in watch-dogging as well as inspiring. This is the white-on-rice approach. Rather than the precarious industry insider or collusive government regulator as monitor, all oversight is by enthusiastic, optimistic, forward- thinking and independent persons. Assignments can be distributed as follows with the deck being re-shuffled every five years:
University of Washington – Coal and Gas
University of California – Food Processing
Berkeley – High fructose corn syrup
UCLA – breakfast cereal
Santa Barbara – Meat and poultry
Irvine – Dairy
UC San Diego – desserts and snacks
Florida State – Solar Energy
Kansas State – Banking
University of Pennsylvania – Banking
Boise State – Railroads
University of Minnesota – Public Utilities
You can learn a lot about a corporation’s core beliefs in democracy by examining the toilet paper dispensers in their facility restrooms. McDonalds has a dispenser the size of a spare tire in a stainless steel armor case, the t.p. is three inches wide, narrower than standard, and a person hits their knuckles on the floor when trying to pull off more than nine inches at a time. It is very biodegradable so one needs about twelve yards of the stuff at a time. McDonalds does not trust me and it doesn’t care if its employees struggle to get enough toilet paper to wipe their butts clean – a health hazard.
During my life two things have occurred that suggest the Mafia is the avante-garde for our banking – financial services industries. In 1963 a New York mobster was convicted for loan-sharking. He charged 13% interest on his loans. During the early 1970s, in Arizona, the mob was involved in packaging questionable real estate mortgages into securities that were sold to investors around the world. This operation continued for five years then collapsed. The mobsters were accused of land fraud. Investors lost seventy million dollars. There were federal investigations and murders. Today banks charge 22% interest on credit cards and the securitization of questionable real estate by an army of businessmen and politicians has cost us trillions.