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3BL Blog

Bernanke: Fed Bailout Creates Two Societies

A State of the Economy Report in Four Parts

PART THREE: Federal Reserve’s Two Societies

The irony of the official monetary policy and its tragic turn is found in the words of the Fed Chairman. When asked about the absence of small business credit, Bernanke explained to Scott Pelley that small business is cut out of credit due to bailed-out banks unwillingness to lend. Why?...

  • Read more about Bernanke: Fed Bailout Creates Two Societies
  • Monika Mitchell's blog

Bernanke: Fed Bailout Creates Two Societies

A State of the Economy Report in Four Parts

PART ONE: The Greatest Bank Robbery Ever Told

In a rare interview with 6o Minutes’ Scott Pelley on Sunday, Federal Reserve Chairman Ben Bernanke explained the widening income gap in the U.S. between rich and poor has created two societies. The irony is that the Fed’s own actions are primarily responsible for this shift in wealth over the last few years. Never mind that Grandpa Ben looks a kindly old Santa Claus. He is Kris Kringle only for Wall Street—not

...
  • Read more about Bernanke: Fed Bailout Creates Two Societies
  • Monika Mitchell's blog

A Financial Services Revolution: Elizabeth Warren Leads the Charge

Washington DC – Elizabeth Warren spoke candidly today about the “epic David & Goliath fight” she led with the help of two hundred plus consumer agencies, bloggers like me, and outraged citizens at town hall meetings around the nation. Ms. Warren has singlehandedly championed the idea of a consumer protection agency that will actually serve consumers— not pretense. She is the Ralph Nader of our time.

Warren speaks of herself and the hundreds of millions of American families as “David” versus the enormously powerful bank lobbying force that has become our...

  • Read more about A Financial Services Revolution: Elizabeth Warren Leads the Charge
  • Monika Mitchell's blog

The future of sustainability reporting is not the mainstream media

It's no secret that there has been a decline in the number of reporters in the mainstream media who cover energy and the environment. Thanks to a newsroom leak, we get a rare glimpse at just how bad it is.

The independent Gannett Blog obtained a list of the newsroom journalists from the USA TODAY and posted it. They made the point that there were 5 reporters covering Congress and 27 on entertainment. The number of reporters devoted to the Science/Energy/

...
  • Read more about The future of sustainability reporting is not the mainstream media
  • Nathan Schock's blog

CSI fractures perceptions of natural gas

From the Pickens Plan to the American Gas Association, the natural gas industry has invested a lot of money to promote "clean natural gas." But if you're going to advertise something as clean and green (without qualification), you need to make sure it's clean and green all the way through.

One method of extracting natural gas that has led some to dispute natural gas' clean image is hydraulic fracturing, or 'fracking,' which has been said to have significant environmental and...

  • Read more about CSI fractures perceptions of natural gas
  • Nathan Schock's blog

G20 Bankers of the Year: Faking It

Vikram Pandit, CEO of the once dead-in-the-water global banking firm Citigroup has staged a comeback that is sure to be the envy of his financial industry colleagues. So greatly is he admired that only a few months ago he was named Euromoney’s “Banker of the Year.” That’s not a joke. Why? Because, “He did a pretty good job,” states Euromoney. I guess reviving a brain dead bank with a trillion dollar government resuscitator merits some kudos, if not sheer admiration...

  • Read more about G20 Bankers of the Year: Faking It
  • Monika Mitchell's blog

PepsiCo's CSR Tie With Veterans: It's Dreamy

"After living a life of purpose, responsibility, and meaning, I suddenly was a nobody." When Brian Iglesias completed 13 years of active duty, he was a combat decorated, service disabled, U.S. Marine officer. In a private interview with Iglesias, he described to me how devastating it was to return to civilian life with bleak prospects of finding a new life of purpose.

Just a few years later, Iglesias is President and CEO of his own enterprise--...

  • Read more about PepsiCo's CSR Tie With Veterans: It's Dreamy
  • Alice Korngold's blog

Running with the Big Dogs: CSR in Small Business

Often when we talk about corporate social responsibility, we assume people are talking about “the big dogs” – companies like Proctor and Gamble, Nestle, Coca-Cola, and of course Walmart.

And certainly these powerhouses dictate a lot of what gets discussed, watched, and measured, if only because of their sheer scale and impact on the global business community.

But what about companies that don’t fit into the same tiers as these big players? What does sustainability or CSR look like for small and medium-sized businesses?

Recently I attended a talk...

  • Read more about Running with the Big Dogs: CSR in Small Business
  • Ashley Jablow's blog

Social Purpose: The Fifth "P" of Marketing

“Purpose is now the fifth P of marketing. It’s a vital addition to the age-old marketing mix of product, price, place, and promotion,” said Mitch Markson, chief creative officer, Edelman, and the founder of Edelman goodpurpose.

Last week, Edelman released the 2010 Goodpurpose Study. The study conducted in 13...

  • Read more about Social Purpose: The Fifth "P" of Marketing
  • Paul Klein's blog

Want To Open a Nonprofit Store? 10 Guidelines You–and Nordstrom’s–Should Follow

Scandal in-the-making, customer-pleaser, tax write-off, nonprofit cash cow or game-changer?  Which hyphenated phrase will best describe Nordstrom’s new concept store, which will donate all net profits to charity?

I was interviewed recently by American Public Media’s Marketplace on the Nordstrom concept...

  • Read more about Want To Open a Nonprofit Store? 10 Guidelines You–and Nordstrom’s–Should Follow
  • Olivia Khalili's blog

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