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 December 2008 | Volume 27 / Number 7
Publisher's Outlook
Q: How Do You Screw Up A Perfectly Great Economy? A: Ask Alan Greenspan | Putting America First
Suddenly, Alan Greenspan decided to raise the interest rate for absolutely no reason, better than 10 times and that created the major recession of that time period. As a result of this foolish act, Americans, the pension funds, 401K plans and other investors lost trillions of dollars for absolutely no reason. Economists usually advocate raising interest rates to control inflation. But, at that time, there was absolutely no reason to do so because there was no inflation! So it was one ego driven person who decided to destroy that particular perfectly great economy. And, he succeeded in screwing it up. Do you think that our senators and congressman and people in administration and elsewhere would have the vision or foresight to figure out that this man was insane if not senile? Of course not! They continued to treat him as the single, most important man that was pretending to be — the ‘god of economics’ — and therefore, they gave him additional ammunition to bring about the current global economic disaster (tsunami as he called it). This time around, this insane person was against regulating mortgage-backed securities and sub-prime loans and controlling the housing market to make sure that those that are not qualified to purchase houses, in fact, would not buy them. His view was, ‘let the market economy take care of itself,’ and of course the rest of the world who had their head in the sand listened to him and that was the foundation of the current mess that the world is in. Of course Fannie Mae, Freddie Mac and the ratings firms, among others, also share the blame. Can you imagine how I feel today? Nearly nine years ago, I told the world in my editorial that this man should resign and should not be listened to and yet, everyone ignored my warning and that is where we are today! 2. The Sad State of Presidential Election in America — For a country as great as the United States, it is unthinkable how sad the process of selecting a President in the United States is. When I came to this great country back in 1957, I did not speak any English. In fact my vocabulary did not exceed more than four words and they included, yes, no, ok and Wednesday. With a vocabulary like that, the only summer jobs I could get were dishwasher, telephone book delivery person, janitor and the like. Therefore, with the help of an English speaking friend, I started looking at the classified ads for a summer job. Here are some of the listings that I looked at: • Dish Washer by hand – experience necessary • Tree Climber – experience necessary • Janitorial – experience necessary The point is that even menial and low-level jobs, required relevant experience. But, sadly, when we select a President for the United States of America, arguably, the most difficult and most challenging job in the world, we never ask for relevant experience! That reminds me of Ronald Reagan’s national convention where one sign read, “We have had a clown as President for 4 years (referring to Jimmy Carter) why not an actor?” In other words, for this job, which must require more relevant experience than any job in the world, there is no such requirement for it and there is no accountability. To me, it never makes sense why we do not require relevant experience. You might ask me, who has the relevant experience for President? My answer is Michael Bloomberg (News - Alert) , the capable Mayor of New York City, believed to be the second most difficult job in America. Not only has he done an exceptional job as a Mayor of this great city, but also, he has been extremely successful in the financial world and he is a self-made billionaire. He also founded one of the world’s largest financial news services, that bears his name. In plain English, this man has relevant experience. He has had to manage hundreds of thousands of people, he has to manage the tremendous difficulties of the greatest city in the world, and he has the unparalleled financial and business acumen necessary to become President of the United States, someone who has had RELEVANT EXPERIENCE! Bloomberg is not only extremely honest, but he also charges only $1.00 per year to manage the city of New York, the second most important job in America. If I were in place of the President elect, I would definitely create a cabinet position and put Bloomberg in charge of running the country because he alone has the greatest RELEVANT qualifications to run the country well. 3. The Outrageous and Despicable Mainstream Media As Publisher of industry leading publications and the leading B2B Web site in the field of technology and communications (www.tmcnet. com), I have spent 37 years of my life developing TMC (News - Alert) as one of the world’s leading media companies. In fact, our Web site currently attracts as many as 3 million unique visitors per month. As such, I know what editors, reporters and media should do and what they should not do. What the mainstream media was doing was not only outrageous, but also despicable, because instead of being impartial and objective, they sold their services to the liberals and continuously promoted primarily the same candidate. I’m not questioning the great fact that can only happen in America where an African-American has become President elect of the United States. What I am upset about is the mainstream media taking sides and bringing disgrace to journalism and to humanity by being one-sided, not impartial and exhibiting zero editorial integrity. The other reason why the so-called mainstream media had resorted to trash journalism is that trash journalism sells newspapers whereas high-quality and high-integrity journalism does not sell as much. The situation reminds me of my journalism teacher who came into the classroom one day with a bird cage in hand and lots of newspaper at the bottom of the cage. He told us that there are two kinds of journalism; one is trash journalism that ends of at the bottom of the bird cage (where it belongs) and then we have the highest quality journalism, which normally wins awards such as The Nobel (News - Alert) Prize for Literature or The Pulitzer Prize. 4. The Treatment of Sarah Palin in the Media was also a Disgrace – Can Women Be Their Own Worst Enemy? Among all the candidates, I felt that Sarah Palin, in my judgment, had the greatest amount of relevant experience. In fact, she had more relevant experience than most of the other candidates. Having said all of the above, I happen to be a great supporter of Sarah Palin, not only because she was a woman, but also because she had the greatest relevant experience. As a governor, she had to manage and control the budget. She had to solve all of the problems of the state. When they asked Ronald Reagan, “what part of your previous experience helped you the most when you became the President of the United States?” he responded: “being the governor of California.” In others words, history is teaching us a lesson, but unfortunately, a lot of people are not listening to it. In fact, the ridiculous liberal media went as far as focusing on the kind of high heels she was wearing.  I’m surprised why some of the women’s organizations
have not said a damn thing about that. In fact, as I understand it,
many of the women’s groups were also against Sarah Palin. That is where
the question comes from, “are women in fact their own worst enemy?”
I’d like to share another case with you in our industry. Some 12 years ago, I learned that there were 16 outstanding women CEOs in the contact/call center industry. I felt that these outstanding women deserved recognition by the industry for the great job they had done. I then went to our editorial department, which was composed of 100% women and I told them I want a cover story to recognize these 16 women CEO’s who have done a great job in our industry. Can you imagine what their reaction was? They didn’t want to do it! They wasted nine months to a year by making a variety of excuses as to why they didn’t want to do it. Finally, I put my foot down and said, “If you don’t do it, I will find someone else to replace you.” Then and only then, did they do it. (See photo on right.) When I shared this true story with Carly Fiorina who spoke at one of our Internet Telephony shows, she said, “Sometimes women are their own worst enemy.” Happy Holidays On behalf of the entire TMC team members, we would like to extend our best wishes for a joyous holiday season and a very happy, healthy, peaceful and prosperous 2009! See you all at ITEXPO (News - Alert) I would like all of you to join me at Internet Telephony Conference and EXPO, which will be held at the Miami Beach Convention Center February 2–4, 2009. Please visit www.itexpo.com for more information. As always, I welcome your comments. Please email them to me at [email protected]. CIS Magazine Table of Contents |
By Nadji Tehrani 
