Posted by: diata23 | August 8, 2011

Updates

Dear Readers,

Its been quite a long period since my last posting. Nowadays and after a long and delightful summer Im coming back with more action and energy to comment situations and developments around the global markets.

Two very interesting cases will sure be on a local level how Greece is going to perform after September and on a global level if and how US role will be affected after recent downgrade (downgrades?) or questioning (in regards to all relative aspects, economic indications, balances etc).

BUT.. currently and about a month in prior to the poll’s ending we would like to hear your views on what sector will be heavily affected on financial markets. It is applied towards LinkedIn users and for the INTERNATIONAL ASSOCIATION OF FINANCIAL MANAGEMENT (INTERFIMA) , a professional association Im associated to.

All results will be placed as a publication from the organization and in parallel to what its/our advisory board will comment on that. To participate and contribute to the poll please follow the link below.

2011-2012 Q4 survey

Thank you in advance, Anastasios

 

 

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Posted by: diata23 | April 7, 2011

New limits revealed..

Chinese scientists came recently to the conclusion that adults gray matter can be developed (under given conditions) in the way as it does for children.

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Credits attributed to my good friend Jerry Ashton, an ARM guru

Many in the ARM world have been wringing their hands in despair over the way that we are viewed in the press.  Some have even advocated a full court press of PR to distribute stories to counter this ongoing, negative image.  Others have individually picked up the gauntlet and set about – quietly – to improve their communities.

A partial list of good works, with hundreds of thousands of dollars going to local charities, hospitals, American red Cross, Haitian relief, senior communities, healthcare, public libraries, women’s shelters, Autism Speaks, assisting returning veterans (ARMing Heroes) and the United Way.

I would like to suggest an impactful way, nationally, to make that difference.

I formally invite debt collection associations such as ACA International to help create and sponsor a special, charitable program to be called INNVITE – INNocent VIctims of This Economy. The problem (as you will read) is national in scope,but affects practically every town in which we live.  It has such immediacy, that I also invite industry publications the stature of insideARM and CCR World to promote this program throughout our industry.

And, who are these INNVITE people?  According to a 60 Minutes special report just this past Sunday night, these are the homeless kids who are the unfortunate and innocent victims of this economy – children now homeless, along with their parents.

Are you aware that nearly 25% of America’s children now are officially at or near poverty level?  Unequivocally, it is not their fault.  Millions and millions of good Americans have lost their jobs and even their homes in this “great recession.” Their kids are the “collateral damage” of an economy that went off the rails.

In Seminole County, FL, featured on this 60 Minutes piece, so many children live in cheap motels that school buses now routinely stop there.  At last count, there are 67 such lodgings that house some 500 homeless kids along Highway 192.  Yes, that road – the one leading to Disney World – “the happiest place on earth.”  (The 60-minute segment can be found here:  http://bit.ly/hGzkce)

Now – given the number of charities we have contributed to along the way, why should our industry reach out to these unfortunates?

At minimum, because it is likely that we met their parents on the way down.  At one time, they were homeowners or apartment dwellers.  At one time, they had jobs and credit cards.  And, as surely as night follow day, at one time they were on the other end of the phone when we made our collection calls.

Yes, we were one more painful stage on the way down to the bottom.  We knew it, because they told us their pain, but we had to do our jobs, quietly collecting what little we could and writing off the balance.  They were now out of our world.

If that is a minimum enough reason, what could be the “maximum.”  Because our industry is large enough, and has heart enough, to make a difference in the lives of these unfortunates.  Surely, there but for the grace of God, any of our collectors might find themselves there as well.

There is another industry connection, as well, to consider.

Linda Almonte, the subject of insideARM attention this past year due to her summarily being fired by JPMorgan Chase and then turning “whistleblower,” is our gal-on-the-ground in Florida. Linda – thanks to being evicted from her San Antonio apartment along with her husband and children – ended up in Florida where she had to rely on friends and scramble for places to stay.

As fate would have it, Linda ended up meeting Beth Davalos, the woman who runs the county’s program for kids and reports into the national program, and who was featured in the 60 Minutes segment.

Because of this experience, Linda wrote me about the upcoming 60 Minutes show and requested my help. She didn’t have to ask twice.  Sensing that this could be an important way for the ARM family to show compassion, I reached out to a few people in our industry…without much initial success.  “Why choose this as a charity?”   “Our constituency has their own pet programs.”  Or, “How do we know this won’t blow up in our face?”

Well, I humbly suggest that none of these considerations are good enough to stop us from giving INNVITE strong consideration.  This is a chance for national attention, perhaps even another 60 Minutes piece.

Perhaps insideARM should poll its readers for their views.  ACA International might even put INNVITE to a vote, if that is what it takes to adopt it as a high-visibility industry cause.  Think of how many of upcoming conventions and conferences could use Linda and Beth as speakers to support and draw attention to INNVITE.

Linda assures me that she and Beth stand ready to work as special emissaries in any fashion.  Should any of you want to reach out on your own to grow this conversation, Linda can be reached at Almontex6.la@gmail.com.

There is no reason that as agencies and as a group that we have to choose between local (and how much more local can this get?) and national charitable work.  Both are within our reach.

So, what is it?  Spend the money on a high-priced PR to put a positive “spin” on our industry, or put it to work, instead, to make a difference.  I think you know the answer.

Posted by: diata23 | April 6, 2011

The return of Mass Media?

Since the awakening Social Media generated lots have happened, here is an interesting view on the changes presented..

See here

Posted by: diata23 | April 5, 2011

IMF Head talks about the limits of globalization..

You can read and hear what DSK has said about current conditions

Source 1

Source 2

Source 3

Posted by: diata23 | April 3, 2011

Told you so!

Latest reports from the EU HQs reveal what I was suggesting all this time; the problem Greece faces is not financial but structural or even more specifically behavioral.

What is that; well first of all that we do not apply what we suggest. There is a huge gap between what is said and what is done. Apart from that, it seems that other things we present abroad and other we suggest inland. Funny eh?

But again is what this blog keeps on telling; if we want to see some improvement the public sector has one way or another be altered in a sense that it would become more productive towards the general output by releasing resources (funds and human capital) in the overall market – eventually this will mean more efficient services and results for the average citizen.

Nowadays what is experienced is that the public remains untouched to classic patterns and all the “blame” leans to the private sector who once more is expected to bear with new measures, and unproductive – non developing practices.

It’s not that difficult to do so, but only in the event that WILL will come out in the play. As the central banker suggested today, Greece needs Foreign Direct Investment to jump over the situations.

The only way to attract funds , create jobs and concentrate in overall development is via an effective public administration. Lack of bureaucracy and transparency in every day business is what this market needs! Both for local business as well as imported one.

A

Posted by: diata23 | April 2, 2011

See what was fished today..

Posted by: diata23 | March 31, 2011

Late Dispute

Please find some time to answer on the following

Posted by: diata23 | March 30, 2011

Greece 2.0

Following S&P’s new downgrade on the Greek economy and in combination to what I see from my travels in central Europe and elsewhere I can tell first hand the irregularities the Greek government is making by focusing once again to taxation and collection measures.

It’s not that taxation is bad, it’s bad when it is combined with lack of vision for growth and development and bad when it works only as a counter measure to things that had to change and are not changing.

So many scandals for monetary violations were disclosed no actions are taken, we all agree that the public sector is disfunctional no actions are taken to reverse that (apart from some that will eventually generate more turmoil in the market).

And at the very end, what’s the cost and benefit of these policies followed? The result is privates (individuals and corporations) being stressed out to balance incapability or non efficiency of the public sector. Useful resources (in terms of Human Resources) and healthy growing companies are focusing to reallocate abroad and support foreign markets rather than the local one (at least in a form of sources allocation and efforts placed).

What would be left then? That is to see very soon, but Im not that positive.

Without actions towards progress and development, the crisis (which as I’ve already said it’s not financial but systemic) will continue to be present in the local market.

Posted by: diata23 | March 23, 2011

Interesting

Thanks to B, for her contribution

Click here to watch video

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