Tag: forbes

Downsizing and layoffs are bad for business and bad for the US
ecthompsonmd March 7, 2010

There a lot of things in life that are counterintuitive. For example, when we lose control of a car on ice, we are told that we need to turn our wheels into the slide in order to gain traction. We’ve been told by Wall Street, time and time again that layoffs are necessary in order for a company to stay competitive. Corporate layoffs happen so often that Forbes has a Layoff Tracker. In February, ABC announced that it needed to lay off personnel in order to keep up with cable news and the Internet (yes, I know… it didn’t make any

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Another Bad Day for Senator McCain
ecthompsonmd May 28, 2008

As I noted in previous posts, last week was really bad for Senator John McCain, BUT that appears to be nothing compared to the way that this week has started off. Former Texas Senator and presidential hopeful, Phil Gramm is a lobbyist for UBS as well as an economic adviser under McCain. Gramm is credited with the deregulation “reform” which may have led to the current subprime mortgage crisis. TPM: Below I noted MSNBC’s story tonight about how former Senator Phil Gramm (McCain’s economics advisor) was advising him on his subprime mortgage bailout policy while Gramm was also a registered lobbyist

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ABOUT AUTHOR
Errington C. Thompson, MD

Dr. Thompson is a surgeon, scholar, full-time sports fan and part-time political activist. He is active in a number of community projects and initiatives. Through medicine, he strives to improve the physical health of all he treats.

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