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Share to Twitter Share to Linkedin Despite ongoing silent runs on the Regional and Community Banks, it appears that both Fed Chair Powell and Treasury Secretary Yellen view the events of the recent past (SVB VB , Signature Bank, First Republic, Credit Suisse, and now Deutsche Bank) as one-off events and not symptomatic of stress in the world’s financial system. The dictionary defines “obtuse” as “annoyingly insensitive or slow to understand.” We can’t think of anything more precise! The chart at the top shows the continued decline in the value of S&P’s Regional Banking ETF through the close of business on Friday (March 24 th ). On Wednesday, the Fed raised interest rates 25 basis points despite liquidity issues in the banking system and the apparent loss of confidence in that system by a significant portion of the public. During his press conference, Powell acknowledged some FOMC concerns over banking issues, said that they had considered a "pause,” … [Read more...] about Obtuse: The Fed & Treasury View Of Banking Issues

Holdfast Collective is No. 4 on Fast Company’s list of the World’s 50 Most Innovative Companies of 2023 . Explore the full list of companies that are reshaping industries and culture. In September 2022, Patagonia, renowned for being at the forefront of environmental advocacy, sustainable production, and progressive business practices, had a new declaration: Earth would be its only shareholder. What that actually meant was that founder Yvon Chouinard and his family had given up ownership, transferring the company’s voting stock to the Patagonia Purpose Trust and the other 98% of its ownership to the Holdfast Collective , a new 501(c)(4) organization. Holdfast’s mission is to preserve wildlands and pursue other nature-based climate solutions, fund grassroots environmental organizations, and support politicians working to fight the climate crisis. Although other companies have used this organizational structure for philanthropic ventures, Patagonia is taking a different … [Read more...] about Patagonia uses capitalism to save the planet with the Holdfast Collective

Share to Twitter Share to Linkedin A few days ago, the board of Arlington County, Virginia voted unanimously to allow multi-family housing structures—often called “missing middle” housing—in neighborhoods that were exclusively zoned for single family homes. This is a great win for supporters of more housing, but there is more work to do. Arlington has some of the highest housing prices in Virginia. According to data from Zillow , the typical home in Arlington is valued at $747,335, which is the 17 th highest in the state. And it is not unique among Northern Virginia (NoVA) cities: The Washington D.C. metro area, where Arlington is located, has 28 of the 30 most expensive housing markets in Virginia. The only way to keep housing prices stable is to build enough housing to meet demand, and the only way to bring prices down is to expand supply faster than demand. Land-use regulations such as minimum lot sizes, height requirements, and density … [Read more...] about Arlington, Virginia Passes Important Housing Reforms, But More Work To Be Done

Share to Twitter Share to Linkedin Brands are taking advantage of the national attention on both men’s and women’s basketball athletes during March Madness, but their strategies differ. Some had campaigns ready to go before the tournaments began, while others have been sitting on the sidelines waiting to see which programs and athletes emerge as this year’s biggest stories. Last year, Doug Edert and his signature mustache cashed in when Saint Peter's made history by becoming the first 15 seed to advance to the Elite Eight. Entering March in 2022, Edert had around 1,500 followers on Instagram and was rarely posting. A year later, he has more than 148,000 followers and has worked with national brands like Buffalo Wild Wings and Barstool Sports. Edert’s mustache is again a focus this year as it adorns special edition Pringles cans. The ““March Mustache Collection” also features Duke’s Dariq Whitehead and Virginia’s Ben Vander Plas. Fans are asked to show off … [Read more...] about How Brands Are Using The NCAA Tournament To Strike New NIL Deals

Share to Twitter Share to Linkedin The 1981 fantasy film Dragonslayer was way ahead of its time, and its influence has been felt in film and TV shows ever since it crash-landed in movie theaters. "It was a little bit too much ahead of its time," mused director and co-writer Matthew Robbins. "It didn't make him so much as a ripple at the box office when it was released." The filmmaker had no idea the film had become beloved and achieved cult status until a few years ago. It's now being released on 4K Ultra HD for the first time. "I am becoming aware, these last few months in the conversations I've been having about it, that there is this affection for the movie all over the place. I had no idea," Robbins explained. "The transfer to VHS tape and DVDs were so inferior and shoddy that I did my best to avoid any screening of it at festivals or workshops and so on. If they showed it, I wouldn't go until the Q&A afterward. I was still apologizing for it … [Read more...] about How Cult Classic ‘Dragonslayer’ Finally Delivers The Director’s Vision In 4K

Share to Twitter Share to Linkedin Is it time for us contrarians to “buy the dip” in bank stocks? We’re drowning in big bank-scare headlines. Silicon Valley Bank (SIVB VB ) knuckled under in days, Signature Bank (SBNY) wasn’t too far behind, and across the pond, Credit Suisse (CS) needed a buyout bailout from rival UBS (UBS) . The next bank run, however, won’t be with the big boys . Too big to fail, baby . Here, we’ll find not only government help but also secure yields of up to 5.1%—trading at a discount, no less. Why the big guys? Well let me show you. Last week, my software firm received this email from one of our vendors: “Brett, Just wanted to give you our new banking details. We’re out of SVB; we’re moving to JPM.” JPM for the win. And they’re not the only big bank benefiting. CNN recently reported that Bank of America BAC (BAC) , Wells Fargo WFC (WFC) and Citigroup C (C) “have all experienced a … [Read more...] about Make Your Own Bank Run On These Blue-Chip Yields

Share to Twitter Share to Linkedin Effective decision making to avoid failures and maximize success is your key role as a leader: that’s why “decision makers” is synonymous with leaders. Yet how can you ensure that your decision making results in the right calls as opposed to decisions disasters? Let’s say you make a poor choice on a hire for a major position. General Electric’s Board of Directors hired John Flannery as CEO in 2017 to restructure the company, but he didn’t work out. Shares fell by over 35% in the next year and the Board forced him out in 2018; immediately afterward, GE’s shares rose by 14%. Or perhaps you make a major decision-making error in strategy. Research shows that 46% percent of companies go bankrupt due to wrong-headed strategic moves by their leaders. For instance, Toys ‘R’ Us went bankrupt due to a number of lousy strategic decisions by the company’s leadership, such as taking on too much debt and failing to compete … [Read more...] about 8 Key Steps For Effective Leadership Decision Making To Avoid Decision Disasters