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Frank is being called an up-and-coming author whose writing has been praised as suspenseful and sophisticated. After writing articles that have been published and distributed by a professional organization, Frank was mentioned in a news story at msnCareers before turning his creative style to novels -- his debut novel praised as thrilling and a roller-coaster ride. His life has been an interesting one for his age of 47, in which time he has traveled to a dozen countries and lived in several of them. He spent 15 years working in management positions of Fortune companies and as an instructor at the college level, before providing communication skills training in other countries. Some highlights of his background include providing tutoring services to a member of the 2008 Beijing Olympic Planning Committee; holding the position of director in an international language business; and being praised as the best trainer by a former student (corporate lawyer). He has worked as a Ghostwriter for a publisher, judged a short-story competition, has provided editing services for graduate research material at USC, and writes book reviews for a POD publisher.

Friday, July 8, 2011

MY REPLY TO A HARVARD BUSINESS SCHOOL ARTICLE - On the topic of national bankruptcies.

The article: Is it Time for a National Bankruptcy?

Iceland declares bankruptcy in 2006 and Argentina in 2001 ( http://info-wars.org/2010/02/15/real-list-of-countries-on-verge-of-bankruptcy/ ), and the HBS article mentions Greece which is now amid a sever national crisis. A nation going bankrupt, at one time it was too absurd to consider, but now not even the most developed nations with some of the highest standards of living can escape the prospect of throwing in the towel. It's a coincidence that I was recently talking with a banker from a country in Europe about the worsening status of global financial-economic affairs. I suggested that the things needed to come up with a solution are no longer there for us to use like they were at one time. Perhaps this new phenomena of national bankruptcies is evidence of that.

The entire matter is extremely complex for the economic, financial, and global considerations to be taken into account. But what can be helpful is a detailed retracing of the goings-on that led to a nation's financial downfall. It was an approach similar to this that enabled a historian to realize the US debt crisis was created by decisions which were politically motivated. In such an analysis the rubber meets the road in identifying what has happened and exposing causes. The question is will the people involved be big enough to acknowledge it; so as to create understanding of it in order to prevent it from happening again. If a model failed once, what's to stop it from failing again unless it is changed for the better?

This is as much an emotional issue as it is a financial one. Like the individual who suffers the sense of failure and the stigma that goes with declaring bankruptcy, a nation and its people will suffer in their identity; feeling a similar sense of failure.  However if in every problem there exists an opportunity, an optimistic outlook would be that this presents a chance for real change. But when that time eventually comes, as today there is no other vehicle to deal with this type of financial catastrophe in another manner, a nation will need to consider the soft issues as much as the monetary ones. 
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