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		<title>Crisis still continues</title>
		<link>http://journalwrite.wordpress.com/2009/06/19/crisis-still-continues/</link>
		<comments>http://journalwrite.wordpress.com/2009/06/19/crisis-still-continues/#comments</comments>
		<pubDate>Fri, 19 Jun 2009 20:24:40 +0000</pubDate>
		<dc:creator>journalwrite</dc:creator>
				<category><![CDATA[Money]]></category>

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		<description><![CDATA[To paraphrase Colonel John “Hannibal” Smith (of the A-Team), “I love it when a story comes together.” Well, I don’t really LOVE it as it’s a sad story. The past week has been an interesting one in unraveling the economic debacle of our nation’s financial system, with particular focus on the mortgage industry. Let’s review the new details quickly.<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=journalwrite.wordpress.com&amp;blog=8247648&amp;post=6&amp;subd=journalwrite&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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<p>To paraphrase Colonel John “Hannibal” Smith  (of the A-Team), “I love it when a story comes together.”  Well, I  don’t really LOVE it as it’s a sad story.  The past week has been an  interesting one in unraveling the economic debacle of our nation’s  financial system, with particular focus on the mortgage industry.  Let’s  review the new details quickly.</p>
<p>First, we have TARP Inspector General Neil Barofsky’s latest report  where he warns that nothing has been done to truly resolve America’s  financial system.  Specifically, he focused on the still looming issues  with mortgage giants, Fannie Mae and Freddie Mac.  Both still hold  trillions of dollars worth of bad paper, those pesky toxic assets we’ve  heard about, stemming from the sub-prime mortgage frenzy beginning in  the 1990s.  Of some $35 Billion designated to modifying bad mortgages,  only about 66,000 have been processed.  Almost another 800,000 are still  awaiting a result.</p>
<p>Next, to make matters worse, while many are furious with AIG and bank  execs getting big bonuses, the acting director of the Federal Housing  Finance Agency, Edward DeMarco, approved big bonuses to Fannie &amp;  Freddie execs, some getting as much as $6 Million dollars each!  What’s  up with that?  DeMarco did offer some comfort when he reported to  Congress that as of March 31st, the Federal Reserve will stop buying  paper from the two GSEs (Government Secured Enterprises).  But then why  should they worry, since the Congress has given them a blank check.</p>
<p>Another curious element was added by former Treasury Secretary, Henry  Paulson.  He has intimated that part of his decision to initiate the  whole Federal bailout scheme was after hearing that the Russians were  trying to get China to dump all their holdings in Freddie and Fannie.   Paulson was in China in August 2008 for the Olympics, just prior to the  start of the meltdown.  Coincidence, you ask?</p>
<p>Meanwhile, the mortgage situation in America continues to worsen.   The numbers on the housing industry are still bad.  About 25% of all  mortgages are now for property that is valued at 75% or less of it’s  pre-crash level.  Some 4.5 million home mortgages are on the brink while  more owners are just walking away.  Foreclosure rates have jumped 26%  since the previous year.</p>
<p>So how can Obama and his talking heads spread cheery news that the  worst is over?  Good question!  There is little doubt that the economy  is still in recession.  Also, we have yet to see any genuine plan to fix  the problem.  It’s been obvious from the beginning, by those of us who  adhere to the Austrian school of economics, that it all stems from the  Community Rejuvenation Act (CRA), begun by Carter and reinforced by  Clinton.  Even if Glass-Stegal had not been repealed by a Republican  Congress, had the financial system not been overloaded with a wave of  sub-prime mortgages, we probably would not be in the pickle we’re in.</p>
<p>What does Obama say about Fannie Mae and Freddie Mac?  Well, instead  of breaking them up and dealing with the problem, he wants them to take  over the whole student loan industry!  Lovely!  The CRA has been a nice  fat cow for ACORN.  Fannie and Freddie, likewise, have served as a nice  place for rewarding Democrat flunkies with executive positions, and all  those bonus checks.  So, instead of cleaning them up after ruining the  mortgage industry, Obama will now hand them over another loan market to  destroy.  It just keeps getting better and better!  I can hardly wait  for the next chapter of this drama.</p>
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		<title>What is democracy?</title>
		<link>http://journalwrite.wordpress.com/2009/06/19/what-is-democracy/</link>
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		<pubDate>Fri, 19 Jun 2009 20:06:56 +0000</pubDate>
		<dc:creator>journalwrite</dc:creator>
				<category><![CDATA[Public]]></category>
		<category><![CDATA[Democracy - the people - the world - Plato - Aristotle - Liberal - Marxist - freedom.]]></category>

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		<description><![CDATA[«Cannes behavior so that humanity, whether in person or on the self to anyone,

Always end as ever and not of collection only as a means »<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=journalwrite.wordpress.com&amp;blog=8247648&amp;post=4&amp;subd=journalwrite&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
			<content:encoded><![CDATA[<p style="text-align:left;">There seems to be a great  confusion what the word Democracy means. In spite of the fact that at  least in some parts of the world one can hear it from the media every  day.</p>
<p>Democracy by definition means the government by people. That means  that all the people should be able to have their say in one way another  in everything that affects their lives. Dictionaries usually say that  this right can either be exercised directly (by every member of a  community having the possibility to enter personally, without mediators,  his position on a particular issue into the decision making process &#8211;  modern technology is able to provide this possibility for increasingly  larger and larger communities), or through representatives (members of  legislative bodies). This second arrangement is then called  Representative Democracy.</p>
<p>Representative democracy would be fine if the representatives would  really make all their decisions only after consulting their  constituencies. In the least, after having a clear idea about the views  of their constituents on a particular issue, and trying to accommodate  these views as best as possible (or postpone the decisions until an  overwhelming majority of the constituents would be happy with them).</p>
<p>Unfortunately, a vast majority of countries that call themselves  Representative Democracies are not true democracies according to the  above definition. Most of them are actually just Elected Dictatorships.  People can vote usually only once every four or five years. They do not  vote on any issues. They just elect their so called representatives who  then until the next elections have no obligations by law and little  incentives to base their decisions on individual issues on the wishes on  their electorate. They hardly ever bother to consult them on their  stands on various issues. Therefore, legislative bodies composed of such  &#8220;representatives&#8221; act in a very dictatorial manner between the  elections. The only country that is quite close to the definition of  Democracy is Switzerland (more or less since 1291).</p>
<p>Any governmental system is fine if the people subject to this system  are happy with it. Perhaps, in most of the above described &#8220;Elected  Dictatorships,&#8221; such a system of government is still the best one under  the current circumstances.</p>
<p>What do you think? Are you happy with is? Isn&#8217;t it time to do  better? It all should depend on you, the citizens &#8211; which system you  prefer. Are you willing to give some of your free time to be interested  in public matters, and to participate in decision making?</p>
<p>We would like to hear from the politicians of the so called  &#8220;Representative Democracies&#8221; how in their view their activities satisfy  the definition of Democracy.</p>
<p>We would like to discuss the interesting question of the Leadership. What is the role of leaders in a true Democracy?</p>
<p>We would like to contribute to the clarification of the meaning of the word Democracy.</p>
<p>You are invited to participate.</p>
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		<title>Social media as a crisis management tool</title>
		<link>http://journalwrite.wordpress.com/2009/06/19/sites-and-social-crisis-in-the-country-of-recent/</link>
		<comments>http://journalwrite.wordpress.com/2009/06/19/sites-and-social-crisis-in-the-country-of-recent/#comments</comments>
		<pubDate>Fri, 19 Jun 2009 20:01:33 +0000</pubDate>
		<dc:creator>journalwrite</dc:creator>
				<category><![CDATA[Policity]]></category>
		<category><![CDATA[Iran. Policy. Recent. Social. tehran filter. Dictatorship. Majority tyranny. Ahmadinejad. Green Wave]]></category>

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		<description><![CDATA[So as someone with very little information in the field of IT I have, whatever the organ responsible for filtering sites is responsible for, I sincerely friendly and width no social site can not and any restrictions that inhibit access to apply these sites, users ten new way to bypass these restrictions are discovered. We should not show your enemy technology because such technology is not a review of our heart to offer to our. The appropriate management best sites are, unfortunately, that statesmen do not believe this subject.<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=journalwrite.wordpress.com&amp;blog=8247648&amp;post=3&amp;subd=journalwrite&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
			<content:encoded><![CDATA[<p>I have a client who once said to me: <em>“We want to use social media to attract more complaints”</em>. This may seem an odd thing to say, all too often attracting complaints is a reason people cite for being anxious about using <a href="http://www.freshnetworks.com/blog/category/topics/social-media-topics/">social media</a>.  But this client knew that one part of there service didn’t always  perform as well as they might hope. They also knew that nobody ever  really complained to them. They must be complaining somewhere, they  thought, and we’d like them to be complaining to us.</p>
<p>People use social media for lots of things, but they often use it to  express their opinion about a brand or organisation, to tell you where  things are good and to tell you where things are bad. To complain. We’ve  written before about <a href="http://www.freshnetworks.com/blog/2009/01/how-to-react-if-somebody-writes-about-your-brand-online/">how to react if somebody complains about your brand online</a>.  The brand should reply when a factual inaccuracy is being discussed, or  when a customer has had a bad experience and is reporting it online.  And when they reply they should:</p>
<ol>
<li>make sure that they know the facts so that they can correct inaccuracies and keep people up to date with what is happening</li>
<li>represent the brand in a way that respects its history and is consistent with the brand’s image</li>
<li>respond in good time and continue to engage in a discussion whilst it remains relevant</li>
<li>know how to prioritise who to respond to (this may not be as simple as the person with most followers on Twitter)</li>
</ol>
<p>In a crisis management situation there is little different to this, it is just on a bigger scale.</p>
<p>The typical crisis management sees a lot of people discussing,  debating, and complaining about your brand online. Many of these  discussions will be factually inaccurate, and many will be from  customers who have had bad experiences. These are the types of  discussions that should be responded to, and should be responded to in  the right manner.</p>
<p>Whilst every crisis is different, and there is no simple set of rules  about how to use social media in these situations, a number of  observations arise from looking at how people have successfully (or  conversely have badly) managed crises in the past:</p>
<ol>
<li><strong>Use social media to keep people up-to-date</strong>: The  worst thing in a crisis is not knowing. This is where social media can  be useful as a tool to keep people informed. Update regularly as things  unfold and make sure you are updating with actual developments. The  benefit of having a well established blog or online community is that  you can then use it for this purpose. Make it the place people can go to  for information, keep it current and keep it honest.</li>
<li><strong>Make sure the people representing your brand know what they are talking about</strong>:  When you are unhappy there is nothing worse than feeling that the  person talking to you doesn’t really know or understand what is  happening. You need the people that are engaging on behalf of your brand  in social media to be up-to-date on what is happening and able to speak  openly and truthfully for the brand. They need to be immersed in the  brand and internal process and be able to update people quickly and  escalate any issues effectively within your organisation. This doesn’t  mean they need to work for you directly, but it does mean they need to  be fully immersed in your brand and they should be effective and  experienced brand communicators.</li>
<li><strong>Engage people talking about you – be they compliments or complaints</strong>:  When crisis happens people are going to complain, and these complaints  need responding to. The best thing is to do so in a direct and  informative manner. Correct inaccuracies and give people who are  complaining information to stop them talking about you in social media  and start them helping to resolve their own problems and  disappointments. This might be directing them to your blog where you are  keeping people up-to-date or it might be telling them where to go to  get refunds (for example).</li>
<li><strong>Work effectively with a the hub and the spokes of your social media presence</strong>:  You can’t be expected to engage everybody in detail on Twitter, in  Facebook or on blogs, forums and online communities. You will end up  repeating the same information multiple times and this information will  often become out of date quickly. This is where having an established <a href="http://www.freshnetworks.com/blog/2009/05/build-your-own-community-or-go-where-people-are-do-both/">hub-and-spoke model of social media engagement</a> comes into its own. If you have a developed hub, and online community,  for example, where you can send people to get up-to-date and real-time  updates on what is happening then you can engage them where they are  (Twitter, Facebook, forums etc) by directing them here.</li>
<li><strong>Don’t wait for crisis to hit to build engagement</strong>:  When crisis hits, it is easiest if you have a clear process in place  already for dealing with complaints and discussions about your brand  online. You need a blog or online community that people recognise as the  place to go to to talk to your brand. And you need a well established  presence in social media. Without this, you will find it much more  difficult to go in when things go wrong and take part in discussions.  You will be the newbie and the outsider, when really you should be the  centre of the conversation. To get this you need to have a history of  really engaging your customers; not just running social media marketing  campaigns.</li>
</ol>
<p>Overall, when crisis hits, social media can be an effective and  powerful tool. But only if you have been using it to engage people  long-term. Only if you have a history of dealing with criticisms online,  and you know where people are likely to complain. Only if you make it  easy for people to contact you and to find information from you. You  don’t want to be dealing with hundreds, or thousands, of individual  complaints scattered around the social media web. You want people to  know where to go to complain and to get information. And you want this  to be a place you manage and facilitate. You want people to come to you,  so you can deal with their problems and update them with what’s  happening. You want a place to send people to if they are talking about  you online.</p>
<p>Social media is a powerful crisis management tool, but only if you  have been using it when you are not in crisis mode too. It’s real  engagement not campaign-based marketing. And in a crisis it will be easy  to see which is which.</p>
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		<title>Hello world!</title>
		<link>http://journalwrite.wordpress.com/2009/06/19/hello-world/</link>
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		<pubDate>Fri, 19 Jun 2009 19:35:31 +0000</pubDate>
		<dc:creator>journalwrite</dc:creator>
				<category><![CDATA[Public]]></category>

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			<content:encoded><![CDATA[<p>Welcome to <a href="http://wordpress.com/">WordPress.com</a>. This is your first post. Edit or delete it and start blogging!</p>
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