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This is a very good course for Christians that want help in these challenging economic times to grow their business – long term.

For more information, go to:

Business Growth Academy

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Iraq and doing business with her. Is this region ready for global business? With more than $400 Billion Dollars needed to rebuild Iraq [of which the U.S. has already contributed $48 Billion], can this country stand once again amidst all the corruption? The country has the third largest oil reserves in the world, its value is tremendous to the middle east region and the world.

There are three major areas that needs to be evaluated in Iraq’s road to ending corruption and greed  – Fraud, Waste and Abuse. These areas are the root causes that’s feeding the beast of corruption in Iraq. The government of Iraq has a lot of work to do to win over the confidence of the international investment community. Investor confidence drives all economies. Without which, a country’s economic stability and viability can prove to be stagnant.

See more here – watch this video:

Ethics in Business–Iraq – Watch more Videos at Vodpod.

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As a little boy my parents used to say, “Think before you act”. In essence, they were saying, if an individual does not consider the consequences of their actions, or the effects of those decisions, then the individual will cause themselves to become vulnerable to experiencing undesirable results.

As adults [or any other age for that matter] we tend to not fully consider the consequences [be it unintended or intended] of our actions prior to doing a thing or making a decision. I truly believe that most of us as individuals start out with the greatest of intentions when we are involved in making decisions that, in some way, affect individuals that are in our care as employers or supervisors or any other capacity.

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In March, April and May of this year we posted a series of articles relating to corruption in the financial industry, of which Mr. Madoff was mentioned. Many thought that all hope was lost for the victims of Bernard Madoff. However, I just read some good news for his victims. Here it is.

[The following article was taken from the Wall Street Journal]

By Jane J. Kim

For some Madoff investors, the financial damage likely won’t be as bad as originally feared.

Nearly a year after the massive fraud was exposed, sweetened tax breaks, payouts from the Securities Investor Protection Corp. and signs of success by the court-appointed trustee in charge of liquidating Bernard L. Madoff’s firm are offering some of his investors hope for at least a partial recovery of their losses.

Irving Picard, the trustee, has recovered about $1.5 billion in assets that will go toward covering an estimated $19.4 billion in customer losses. He also has filed lawsuits to wrestle away $15 billion from some of the Madoff firm’s institutional clients or individuals Mr. Picard says profited at the expense of other clients. Mr. Madoff was arrested Dec. 11, 2008, for orchestrating a Ponzi scheme.

SEE MORE

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Background and Overview

The attached slides accompanied a presentation by Timothy J. Harris of Morrison & Foerster LLP to the Silicon Valley Chapter of the National Association of Corporate Directors on October 15, 2009.

Before a struggling company reaches insolvency, decides to seek bankruptcy protection, or decides to make a general assignment for the benefit of creditors, its board of directors must address a number of issues that, if ignored or inappropriate addressed, may result in litigation or personal liability.

This presentation provides practical suggestions and tips in observing fiduciary duties; entering the “zone of insolvency”; avoiding pitfalls in recapitalizations, pay-to-play financings, and down rounds; and advice on the wisdom and timing of resigning from the board of directors.

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Theft is something that comes in many forms. It can be something as simple as using your time at work to make personal phone calls, Surf the net,or having a non-work related idle chat with your colleagues at work, when you should be working. Then there’s the major things like Stealing money, Data, Software, Office supplies, Company patents, Trade Secrets, Etc. This type of behavior is expected from the unconverted, not those in Christ. Yes, I know that these are the kind of things that are practiced on a daily basis by many at our place of employment, you might be saying. These things may even be practiced by your supervisor. Listen, I understand. You spend some time in an environment where things are being done a certain way, you tend to develop certain habits and you modify your behavior and conform. Earl Nightingale once said, “Conformity breathes contempt”. In essence, we become so familiar with a certain thing that we tend to allow ourselves to adapt to it or its environment and accept it as normal.

But, does that make it o.k. for you to do it also? No. Not if you are a professing Christian. This type of behavior is unacceptable, in the eyes of the Lord. Let’s take a moment to see what the Lord has to say about how we are to approach work:

“Whatever you do, work heartily, as for the Lord and not for men, knowing that from the Lord you will receive the inheritance as your reward. You are serving the Lord Christ.”

[Colossians 3: 23-24]

I like this quote from Sir Winston Churchill when he said,

“It’s not enough that we do our best; sometimes we have to do what’s required.”

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Fiscal stimulus was the economic tool, so long disparaged by the policymaking community, that came into its own during the economic crisis, playing its part alongside monetary easing and bank bail-outs in warding off a depression.

But the result of fiscal stimulus in almost every Group of 20 economy has been the rise of deficits to levels never seen in peacetime, debt so high there is not the ammunition to fight another economic war and a bill to clean up the mess that will be felt by tax­payers for a generation to come.

The latest estimates from the International Monetary Fund show that…

read more here

From the Financial Times By Chris Giles, Economics Editor