Lessons from the Lottery

  Like millions of other Americans last week, I bought a lottery ticket. And like millions of other Americans, I didn’t win. As my friends and I were discussing our plans for when we won, I commented that it would be nice to at least put some aside for retirement. I commented, “It might not… Continue reading Lessons from the Lottery

Encountering the Word – 1 Timothy 6:6-10

Photography © by Andy Coan

“Indeed, religion with contentment is a great gain. For we brought nothing into the world, just as we shall not be able to take anything out of it. If we have food and clothing, we shall be content with that. Those who want to be rich are falling into temptation and into a trap and… Continue reading Encountering the Word – 1 Timothy 6:6-10

Moral Hazards in the Marketplace

Exterior moral hazards abound these days.  From individuals to financial institutions to sovereign nations, it seems that there is an increasing need to be bailed-out and to have debt forgiveness. Moral hazards most often occur when parties who are largely insulated from risk behave differently from the way they would normally behave if they were… Continue reading Moral Hazards in the Marketplace

Placing People Over Profits

Short-term profits and “pay for performance” carry far more weight in our capitalistic system than does “doing the right thing” and placing people over profits.  Truly, the current hallmark of capitalism is making a profit and not ethical conduct. Wall Street offers little consolation for those companies who may have taken current charges against profitability… Continue reading Placing People Over Profits

Did You Say You Need a Vacuum?

I live in Michigan which is, at this writing, the state suffering with the highest unemployment rates in the nation. We are surrounded by visual reminders of our condition: foreclosed homes everywhere, empty office buildings lining the streets and expressways, and a general atmosphere of despair in the air. Most of us don’t have any… Continue reading Did You Say You Need a Vacuum?

Dad, Is the Recession Over Yet?

My children are a constant source of wisdom and clarity for me.  Our sons are nine and 12 and keenly interested in what’s going on in the world.  We share openly and candidly the current state of politics, the economy and world news in a way they will understand.  Recently, my wife and I were… Continue reading Dad, Is the Recession Over Yet?