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      <title>ManagersRealm</title>
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      <description>Management - A discussion of corporate governance, training, best practices, ethics, top managers, rules, regulations, failures, trends, etc.</description>
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         <title>Representatives of Revel Entertainment, APG and Tishman Construction Among Victims in Jet Crash</title>
         <description><![CDATA[<p>A tragic plane crash has claimed the lives of representatives and executives from several companies, as a small jet crashed near the southern Minnesota town of Owatonna. </p><p>There are at least eight people killed as a result the accident. Some confusion remains to how many people boarded the last stop before the crash, as several passengers were said to have been picked up, but the actual number hasn&#39;t been able to be confirmed yet.</p><p>Crash investigators are still searching to see if there was another passenger on board that hasn&#39;t been accounted for yet.</p><div style="text-align: center"><img width="275" src="http://www.managersrealm.com/uploads/plane%20crash%20in%20owatonna%20minnesota-thumb.jpg" alt="plane%20crash%20in%20owatonna%20minnesota.jpg" height="207" /></div><div style="text-align: center"></div><div style="text-align: center"><font size="1" color="#ff0000">AP Photo</font></div>]]><p><a href="http://www.managersrealm.com/2008/07/representatives_of_revel_enter.html#more">Continue Reading</a></p>	</description>
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<category>Business News</category><category>APG</category><category>Executives Killed Plane Crash</category><category>Owatonna Plane Crash</category><category>Revel Entertainment</category><category>Tishman Construction</category>
         <pubDate>Thu, 31 Jul 2008 17:42:55 -0700</pubDate>
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         <title>Warren Buffett and Secrets of Management - 192</title>
         <description><![CDATA[<p>By marching to his own beat, Buffett was able to surpass his competition. He wasn&rsquo;t afraid to try something new. After all, &ldquo;<em><font color="#ff0000">if past history was all there was to the game, the richest people would be librarians.&rdquo;</font></em></p><p><br />Many people misunderstand the willingness by Warren Buffett to take risks. He&#39;s more than willing to, it&#39;s just that he knows how to take the right type of risk; not risk just for the thrill of partaking in risk.</p><p>Reinsurance is one example. He&#39;s willing to reinsure anything if the customer is willing to pay the type of premium required to manage the risk. </p><p>The one risk he refuses to take, is partaking in something that could permanently destroy a company. That&#39;s part of his risk-managment strategy.</p><p><a href="http://www.managersrealm.com/uploads/Warren%20Buffet%20and%20managing%20risk.bmp"><div style="text-align: center"><img width="300" src="http://www.managersrealm.com/uploads/Warren%20Buffet%20and%20managing%20risk-thumb.bmp" alt="Warren%20Buffet%20and%20managing%20risk.bmp" height="240" /></div></a></p>]]><p><a href="http://www.managersrealm.com/2008/07/warren_buffett_and_secrets_of_110.html#more">Continue Reading</a></p>	</description>
         <link>http://www.managersrealm.com/2008/07/warren_buffett_and_secrets_of_110.html</link>
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<category>Warren Buffett</category><category>Berkshire Hathaway</category><category>Business Culture</category><category>Business Fundamentals</category><category>Business Leaders</category><category>commodity business</category><category>Great Leader</category><category>Great Managers</category><category>Motivation</category><category>Understand Your Business</category><category>Warren Buffett Management Secrets</category><category>Warren Buffett Management Style</category><category>Warren Buffett Reputation</category>
         <pubDate>Thu, 31 Jul 2008 15:09:33 -0700</pubDate>
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         <title>National Cheesecake Day Gives Cheesecake Factory Customers Opportunity for $1.50 Slices</title>
         <description><![CDATA[<p>With cheesecake slices at the Cheesecake Factory (NASDAQ: <a href="http://finance.yahoo.com/q?s=CAKE">CAKE</a>) going for up to $6-a-slice, the <a href="http://www.thealphamarketer.com/2008/07/cheesecake_factory_celebrates.html">celebration of National Cheesecake Day </a>gives us cheesecake lovers an opportunity to go get an inexpensive slice of cheesecake at the restaurant. Today slices are going for $1.50. Not bad!</p><p>The caveat is you do have to dine-in to get the discounted dessert. Customers get one cheesecake slice each.</p><p>It does seem obvious, but these types of promotions are almost always successful for customers, and are definitely needed during these types of economic times where people are counting their pennies.</p><p><a href="http://www.managersrealm.com/uploads/Cheesecake%20Factory%20offering%20low%20price%20slices%20today.jpg"><div style="text-align: center"><img src="http://www.managersrealm.com/uploads/Cheesecake%20Factory%20offering%20low%20price%20slices%20today-thumb.jpg" height="207" alt="Cheesecake%20Factory%20offering%20low%20price%20slices%20today.jpg" width="300" /></div></a></p>]]><p><a href="http://www.managersrealm.com/2008/07/national_cheesecake_day_gives.html#more">Continue Reading</a></p>	</description>
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<category>Brand</category><category>cheap cheesecake</category><category>cheesecake coupons</category><category>Cheesecake Factory</category><category>Cheesecake Factory 1.50</category><category>Cheesecake Factory Anniversary</category><category>discount cheesecake</category><category>free cheesecake</category><category>National Cheesecake Day</category>
         <pubDate>Wed, 30 Jul 2008 13:50:51 -0700</pubDate>
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         <title>Bennigan&apos;s Files for Chapter 7 Bankruptcy</title>
         <description><![CDATA[<p>S &amp; A Restaurant Corp., which operates Bennigan&#39;s, Steak &amp; Ale and The Tavern restaurants, has filed for bankruptcy under Chapter 7 today, effectively putting it out of business. A Chapter 7 filing means they will sell off all their assets and pay off their debtors from the proceeds.</p><p>Even with the filing, those businesses that are franchised out will continue operating, as only corporate-owned locations will be shuttered. Bennigan&#39;s has 150 franchisees that will continue operations at this time.</p><p>Steak &amp; Ale will be completely shut down, as all 58 restaurants were company owned. </p><p><a href="http://www.managersrealm.com/uploads/Bennigan%27s%20files%20for%20chapter%207%20bankruptcy.jpg"><div style="text-align: center"><img width="300" src="http://www.managersrealm.com/uploads/Bennigan%27s%20files%20for%20chapter%207%20bankruptcy-thumb.jpg" alt="Bennigan%27s%20files%20for%20chapter%207%20bankruptcy.jpg" height="224" /></div></a></p>]]><p><a href="http://www.managersrealm.com/2008/07/bennigans_files_for_chapter_7.html#more">Continue Reading</a></p>	</description>
         <link>http://www.managersrealm.com/2008/07/bennigans_files_for_chapter_7.html</link>
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<category>Business News</category><category>bennigan s</category><category>bennigan s bankruptcy</category><category>Bennigan&apos;s Bankrupt</category><category>bennigans</category><category>bennigans bankruptcy</category><category>bennigans close</category><category>bennigans closing</category><category>metromedia</category><category>metromedia restaurant</category><category>mrg</category><category>steak n ale</category>
         <pubDate>Tue, 29 Jul 2008 13:35:30 -0700</pubDate>
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         <title>Mary-Kate and Ashley Olsen: Diminutive Dynamos of Daring Direction - 9</title>
         <description><![CDATA[<p><b><i><font color="#ff0000">Dualstar Entertainment Group LLC: Foundation of the Empire - Becoming Major Brand</font></i></b></p><p><br />The strategy to enhance the Dualstar brand has started to pay off after several years, as in a number of categories it has become the No. 1&nbsp; selling brand in America. It has also spread out to include at least fifteen other countries in its marketing sights.</p><p>In the tween girl category, Dualstar is now the leading fashion and lifestyle brand, and as a video franchise marketing girls, it&#39;s the top in all of American history. <br />&nbsp;<br />Considering it usually takes between five to ten years to build a solid brand, Dualstar is successfully traversing the rapids in this vital demographic, and is making headway in older demographics as well.</p><p><a href="http://www.managersrealm.com/uploads/mary-kate%20and%20ashley%20on%20the%20way%20to%20the%20top.JPG"><div style="text-align: center"><img src="http://www.managersrealm.com/uploads/mary-kate%20and%20ashley%20on%20the%20way%20to%20the%20top-thumb.JPG" height="400" alt="mary-kate%20and%20ashley%20on%20the%20way%20to%20the%20top.JPG" width="301" /></div></a></p>]]><p><a href="http://www.managersrealm.com/2008/07/marykate_and_ashley_olsen_dimi_8.html#more">Continue Reading</a></p>	</description>
         <link>http://www.managersrealm.com/2008/07/marykate_and_ashley_olsen_dimi_8.html</link>
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<category>Mary-Kate and Ashley Olsen</category><category>Adventures of Mary-Kate and Ashley</category><category>Ashley Olsen</category><category>ElizabethAndJames</category><category>Mary Kate and Ashlee Olsean</category><category>Mary Kate Ashley Olsen</category><category>Mary Kay Olsen</category><category>Mary-Kate</category><category>Mary-kate and ashley</category><category>Mary-Kate and Ashley Olsen</category><category>Mary-Kate Olsen</category><category>Olsen Twins</category><category>The Row</category>
         <pubDate>Mon, 28 Jul 2008 18:13:23 -0700</pubDate>
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         <title>Mary-Kate and Ashley Olsen: Diminutive Dynamos of Daring Direction - 8</title>
         <description><![CDATA[<p><strong>Dualstar Entertainment Group LLC: Foundation of the Empire</strong> - <strong><em><font color="#ff0000">Selective Merchandising</font></em></strong></p><p><br />Another big change the young ladies went through was the willingness to be more selective in their merchandising. Rather than a scattered approach, where they almost tried anything and were loathe to drop a product, they completely changed that around.</p><p>What made them finally realize the need to do this was they were having trouble maintaining the core identity of their brand. So with the help of their new CEO Diane Reichenberger, they went through their products and in some cases got rid of entire categories they had included in their lines. </p><p>If it didn&#39;t fit with their corporate image and purpose, they started to drop a variety of items.</p><p><a href="http://www.managersrealm.com/uploads/Mary-Kate%20and%20Ashley%20love%20their%20fur.jpg"><div style="text-align: center"><img width="300" src="http://www.managersrealm.com/uploads/Mary-Kate%20and%20Ashley%20love%20their%20fur-thumb.jpg" alt="Mary-Kate%20and%20Ashley%20love%20their%20fur.jpg" height="191" /></div></a></p>]]><p><a href="http://www.managersrealm.com/2008/07/marykate_and_ashley_olsen_dimi_7.html#more">Continue Reading</a></p>	</description>
         <link>http://www.managersrealm.com/2008/07/marykate_and_ashley_olsen_dimi_7.html</link>
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<category>Mary-Kate and Ashley Olsen</category><category>Adventures of Mary-Kate and Ashley</category><category>Ashley Olsen</category><category>ElizabethAndJames</category><category>Mary Kate and Ashlee Olsean</category><category>Mary Kate Ashley Olsen</category><category>Mary Kay Olsen</category><category>Mary-Kate</category><category>Mary-kate and ashley</category><category>Mary-Kate and Ashley Olsen</category><category>Mary-Kate Olsen</category><category>Olsen Twins</category><category>The Row</category>
         <pubDate>Sun, 27 Jul 2008 14:56:50 -0700</pubDate>
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         <title>Mary-Kate and Ashley Olsen: Diminutive Dynamos of Daring Direction - 7</title>
         <description><![CDATA[<p><i><font color="#ff0000">Dualstar Entertainment Group LLC: Foundation of the Empire - Marketing to tweens and teens</font></i></p><p><br />When the Olsens took over the company, they were right at another transitional stage they had to deal with in the past, when they went from tween to teen. Now they&#39;ve been working on moving some from teen to young women.</p><p>As far as the change from tween to teen, they had to work on ways to remain relevant to young girls up to about 12-years-old, while reaching out to a teen market that is completely different.</p><p>One simple and interesting thing they did, was to keep their name in the front of the tween demographic, by allowing their images to remain connected to their clothing line. What they did was put it above the clothing racks where it could be seen, reminding their tween audience it was them they were dealing with. </p><p>This is something tweens relate to completely. </p><p><a href="http://www.managersrealm.com/uploads/mary-kate%20and%20ashley%20marketing.jpg"><div style="text-align: center"><img src="http://www.managersrealm.com/uploads/mary-kate%20and%20ashley%20marketing-thumb.jpg" height="303" alt="mary-kate%20and%20ashley%20marketing.jpg" width="300" /></div></a></p>]]><p><a href="http://www.managersrealm.com/2008/07/marykate_and_ashley_olsen_dimi_6.html#more">Continue Reading</a></p>	</description>
         <link>http://www.managersrealm.com/2008/07/marykate_and_ashley_olsen_dimi_6.html</link>
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<category>Mary-Kate and Ashley Olsen</category><category>Adventures of Mary-Kate and Ashley</category><category>Ashley Olsen</category><category>ElizabethAndJames</category><category>Mary Kate and Ashlee Olsean</category><category>Mary Kate Ashley Olsen</category><category>Mary Kay Olsen</category><category>Mary-Kate</category><category>Mary-kate and ashley</category><category>Mary-Kate and Ashley Olsen</category><category>Mary-Kate Olsen</category><category>Olsen Twins</category><category>The Row</category>
         <pubDate>Sat, 26 Jul 2008 13:36:04 -0700</pubDate>
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         <title>Inspirational &quot;Last Lecture&quot; Author and Video Star Randy Pausch Dies at 47</title>
         <description><![CDATA[<p>One of the more inspirational stories of the last several years has ended today, as &quot;Last Lecture&quot; author and video star Randy Pausch lost his battle with pancreatic cancer at the age of 47.</p><p>Pausch become wildly popular from his story of the battle he went through - and lessons learned, not only through out the process, but throughout his life he lived fully. </p><p>In the video that was viewed by millions, he talked about the importance of childhood dreams and how he achieved his, and helped others to achieve theirs. The video, and his book by the same name, also goes on to encourage others on how they can do the same. </p><p>Randy Pausch was married, and survive by his wife Jai; three children, Dylan, Logan and Chloe; and his mother and sister.</p><p align="center"><strong><font color="#ff0000">Randy Pausch Last Lecture: Achieving Your Childhood Dreams</font></strong> </p><div height="344" width="425" name="movie" value="http://www.youtube.com/v/ji5_MqicxSo&amp;hl=en&amp;fs=1" align="center"></div><div height="344" width="425" name="allowFullScreen" value="true" align="center"></div><div height="344" width="425" align="center"><object classid="clsid:d27cdb6e-ae6d-11cf-96b8-444553540000" codebase="http://download.macromedia.com/pub/shockwave/cabs/flash/swflash.cab#version=6,0,40,0" width="425" height="344"><param name="width" value="425" /><param name="height" value="344" /><param name="allowfullscreen" value="true" /><param name="src" value="http://www.youtube.com/v/ji5_MqicxSo&amp;hl=en&amp;fs=1" /><embed type="application/x-shockwave-flash" width="425" height="344" allowfullscreen="true" src="http://www.youtube.com/v/ji5_MqicxSo&amp;hl=en&amp;fs=1"></embed></object></div>]]>	</description>
         <link>http://www.managersrealm.com/2008/07/inspirational_last_lecture_aut.html</link>
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<category>Inspiration</category><category>last lecture randy pausch</category><category>pausch last lecture</category><category>randy pausch</category><category>randy pausch blog</category><category>randy pausch dead</category><category>randy pausch death</category><category>randy pausch died</category><category>randy pausch dies</category><category>Randy Pausch Pancreatic Cancer</category><category>randy pausch the last lecture</category><category>randy posh</category><category>randy pouch</category><category>the last lecture</category>
         <pubDate>Fri, 25 Jul 2008 14:03:09 -0700</pubDate>
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         <title>Chinese Innovation? Recycled Condoms in Hair Bands</title>
         <description><![CDATA[<p>Is this making something little go a long way? Maybe it&#39;s &quot;in you hair today, gone tomorrow.&quot; </p><p>Either way, a woman in China discovered that her hair band was unraveling, and when she took it off an looked at it, she cut the thread off and found some recycled condoms inside. Evidently there was no &quot;shrinkage&quot; involved, as they were found to be unused. I guess.</p><p>Now the obvious question: How can a condom be recycled if it isn&#39;t used? </p><p>Another question is why were they recycled. My friend over at Pan Asian Biz suggests maybe quality is one of the reasons the Chinese have so many people. </p><p><a href="http://www.managersrealm.com/uploads/hairbands%20made%20from%20recycled%20condoms.jpg"><div style="text-align: center"><img width="300" src="http://www.managersrealm.com/uploads/hairbands%20made%20from%20recycled%20condoms-thumb.jpg" alt="hairbands%20made%20from%20recycled%20condoms.jpg" height="225" /></div></a></p>]]><p><a href="http://www.managersrealm.com/2008/07/chinese_innovation_recycled_co.html#more">Continue Reading</a></p>	</description>
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<category>Business Mistakes</category><category>Chinese Condom</category><category>Chinese hair band</category><category>Chinese Innovation</category><category>Chinese Products chinese-made</category><category>condom</category><category>prophylactic</category><category>recycle</category><category>rubber</category>
         <pubDate>Thu, 24 Jul 2008 19:37:32 -0700</pubDate>
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         <title>Federal Minimum Wage Leaps to $6.55 Today</title>
         <description><![CDATA[<p>The federal minimum wage increased by 70 cents today, which will affect about 2 million American workers. It jumps from $5.85 to $6.55 an hour. Next year the final of the three yearly increased will bring it to $7.25 an hour.</p><p>It&#39;s projected that the final increase will have an impact on over 5 million workers, as the hourly rate will surpass some of the existing states which have higher standards in place.</p><p><a href="http://www.foxbusiness.com/story/markets/economy/federal-minimum-wage-increased">Already a number of small businesses are having to increase prices </a>and pass the artifical price hikes to their customers, effectively increasing inflation. Profits are slim for a lot of small businesses, and the harmful miniumum wage laws make it more difficult to compete.</p><p><a href="http://www.managersrealm.com/uploads/minimum%20wage%20only%20helps%20politician.jpg"><div style="text-align: center"><img width="290" src="http://www.managersrealm.com/uploads/minimum%20wage%20only%20helps%20politician-thumb.jpg" alt="minimum%20wage%20only%20helps%20politician.jpg" height="290" /></div></a></p>]]><p><a href="http://www.managersrealm.com/2008/07/federal_minimum_wage_leaps_to.html#more">Continue Reading</a></p>	</description>
         <link>http://www.managersrealm.com/2008/07/federal_minimum_wage_leaps_to.html</link>
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<category>Inflation</category><category>Federal Minimum Wage</category><category>Food Inflation</category><category>Government Interference</category><category>Minimum Wage</category><category>Small Business Minimum Wages</category>
         <pubDate>Thu, 24 Jul 2008 14:49:42 -0700</pubDate>
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         <title>Is Socialism the Cause of the Freddie Mac, Fannie Mae Debacle? You Better Believe it!</title>
         <description><![CDATA[<p>As usual, the implementing of socialist measures under the guise of capitalism has resulted in another financial disaster, as the failure of Freddie Mac (NYSE: <a href="http://finance.yahoo.com/q?s=FRE">FRE</a>) and Fannie Mae <span>(NYSE: <a href="http://finance.yahoo.com/q?s=FNM">FNM</a>) </span>have revealed. </p><p>What&#39;s been amazing about it, is capitalism has been blamed as the culprit by many, when in fact it is the socialist failure of government-backed financial systems that has brought us to this place.</p><p><a href="http://www.nationalpost.com/story.html?id=cf306bf6-4d57-4f21-8fca-442268368aff">As one writer said concerning getting to the core of the issue:</a></p><p>&quot;We are now getting down to the heart of the matter, which turns out not to be rampant capitalism but out of control back-door socialism.&quot;</p><p><a href="http://www.managersrealm.com/uploads/freddie%20and%20fannie%20need%20to%20be%20privatized.jpg"><div style="text-align: center"><img width="264" src="http://www.managersrealm.com/uploads/freddie%20and%20fannie%20need%20to%20be%20privatized-thumb.jpg" alt="freddie%20and%20fannie%20need%20to%20be%20privatized.jpg" height="75" /></div></a></p>]]><p><a href="http://www.managersrealm.com/2008/07/is_socialism_the_cause_of_the.html#more">Continue Reading</a></p>	</description>
         <link>http://www.managersrealm.com/2008/07/is_socialism_the_cause_of_the.html</link>
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<category>Business Mistakes</category><category>Bailouts</category><category>Credit</category><category>Fannie Mae</category><category>Freddie Mac</category><category>Mortgage Backers</category><category>Privatize Banking</category><category>Privatize Freddie Fannie</category>
         <pubDate>Wed, 23 Jul 2008 13:59:36 -0700</pubDate>
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         <title>Wachovia Corp. Gets Clobbered, Banking Woes Far from Over</title>
         <description><![CDATA[<p>It took one second-quarter report from Wachovia Corp. (nyse: <a href="http://finance.yahoo.com/q?s=WB">WB</a>) to remind Wall Street and consumers that the largest banks in America are far from being out of the woods with the credit crisis. </p><p>Today Wachovia, the nation&#39;s fourth-largest bank, announced it has suffered a $8.86 billion loss, and responded by cutting its dividend and saying it&#39;ll eliminate 10,750 jobs.</p><p>This burst the bubble on Wall Street some had, who for whatever reason thought the problems were already on the way to being fixed. The banks are far from it.</p><p>&quot;Our reported results today are clearly a disappointing performance for which we take responsibility,&quot; said Wachovia&#39;s Chief Executive Bob Steel on a conference call with analysts. &quot;We are serious about getting on top of these issues quickly and we believe we have a good grasp of the challenges facing the economy, the industry and Wachovia.&quot;</p><p><a href="http://www.managersrealm.com/uploads/wachovia%20gets%20clobbered%20in%20second%20quarter%2C%20cuts%20dividend.jpg"><div style="text-align: center"><img width="300" src="http://www.managersrealm.com/uploads/wachovia%20gets%20clobbered%20in%20second%20quarter%2C%20cuts%20dividend-thumb.jpg" alt="wachovia%20gets%20clobbered%20in%20second%20quarter%2C%20cuts%20dividend.jpg" height="225" /></div></a></p>]]><p><a href="http://www.managersrealm.com/2008/07/wachovia_corp_gets_clobbered_b.html#more">Continue Reading</a></p>	</description>
         <link>http://www.managersrealm.com/2008/07/wachovia_corp_gets_clobbered_b.html</link>
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<category>Banking Industry</category><category>Wachovia</category><category>Wachovia CEO Bob Steel</category><category>Wachovia Cutbacks</category><category>Wachovia Dividend</category><category>Wachovia Second Quarter</category><category>Wachovia Strategy</category><category>Wachovia Write Downs</category>
         <pubDate>Tue, 22 Jul 2008 14:28:48 -0700</pubDate>
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         <title>Apple CFO Peter Oppenheimer says Steve Jobs Health is a Private Matter</title>
         <description><![CDATA[<p><strong><em><font color="#ff0000">Oppenheimer is completely wrong!</font></em></strong></p><p><br />Today, after the <a href="http://www.nypost.com/seven/07212008/business/apple_a_day_talk_120853.htm">New York Post stirred up&nbsp;the ongoing concerns about the health of Steve Jobs</a>, it put the company on the defensive as it got ready to report its quarterly numbers.</p><p>When asked about the condition of Steve Jobs on the conference call, Chief Financial Officer Peter Oppenheimer responded, &quot;He has no plan to leave Apple. Steve&#39;s health is a private matter.&quot;</p><p>Oppenheimer is totally wrong with that answer. With no succession plans in place, and the refusal of Apple (Nasdaq: <a href="http://finance.yahoo.com/q?s=aapl">AAPL</a>) to publicly divulge his condition, it puts investors in a difficult place that a public company has no right to put them.</p><div style="text-align: center"><img width="325" src="http://www.managersrealm.com/uploads/steve%20jobs%20as%20recent%20conference-thumb.jpg" alt="steve%20jobs%20as%20recent%20conference.jpg" height="273" /></div><div style="text-align: center"></div><div style="text-align: center"><font size="1" color="#ff0000">Photo: New York Post</font></div>]]><p><a href="http://www.managersrealm.com/2008/07/apple_cfo_peter_oppenheimer_sa.html#more">Continue Reading</a></p>	</description>
         <link>http://www.managersrealm.com/2008/07/apple_cfo_peter_oppenheimer_sa.html</link>
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<category>Business Mistakes</category><category>Apple Quarterly Results</category><category>Apple Succession Plan</category><category>CEO Health</category><category>Steve Jobs</category><category>Steve Jobs Apple</category><category>Steve Jobs Health</category><category>Steve Jobs Health Concerns</category>
         <pubDate>Mon, 21 Jul 2008 20:29:59 -0700</pubDate>
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         <title>Jim Rogers in Heated Debate on Bankrolling Fannie &amp; Freddie</title>
         <description><![CDATA[<p>Jim Rogers gives an economic lesson to some talking heads, as he offers his usual brilliant, albeit cantankerous insights into government intervention folly.</p><p>It&#39;s especially telling when he talks about how in one swoop the government more than doubled the national debt by adding $5 trillion to it, by bailing out Freddie Mac <span>(NYSE: <a href="http://finance.yahoo.com/q?s=FRE">FRE</a>) </span>and Fannie Mae <span>(NYSE: <a href="http://finance.yahoo.com/q?s=FNM">FNM</a>)</span>. He also mentions it took us well over 200 years to get to the first approximate $5 trillion.</p><p>The always-interesting <a href="http://barelyablog.com/?p=683">Ilana Mercer adds on her blog </a>how she particularly liked how Rogers told the CNBC (NYSE: <a href="http://finance.yahoo.com/q?s=ge">GE</a>) anchor &quot;that if she doesn&rsquo;t understand that taxpayers must not be defrauded to prop-up these fraudsters in perpetuity&mdash;she should get another job. Let these fascistic entities fail.&quot;</p><p>What is your take on this? How do you feel about the stakes connected to the issue?</p><p align="center"><strong><font color="#ff0000">Jim Rogers Raising Hell</font></strong></p><div name="movie" value="http://www.youtube.com/v/rcIBFLSmVGA&amp;hl=en" height="344" width="425" align="center"></div><div name="wmode" value="transparent" height="344" width="425" align="center"></div><div height="344" width="425" align="center"><object classid="clsid:d27cdb6e-ae6d-11cf-96b8-444553540000" codebase="http://download.macromedia.com/pub/shockwave/cabs/flash/swflash.cab#version=6,0,40,0" width="425" height="344"><param name="width" value="425" /><param name="height" value="344" /><param name="wmode" value="transparent" /><param name="src" value="http://www.youtube.com/v/rcIBFLSmVGA&amp;hl=en" /><embed type="application/x-shockwave-flash" width="425" height="344" wmode="transparent" src="http://www.youtube.com/v/rcIBFLSmVGA&amp;hl=en"></embed></object></div>]]>	</description>
         <link>http://www.managersrealm.com/2008/07/jim_rogers_in_heated_debate_on_1.html</link>
         <guid>http://www.managersrealm.com/2008/07/jim_rogers_in_heated_debate_on_1.html</guid>
<category>Business News</category><category>Freddie Fannie Bailout</category><category>Ilana Mercer</category><category>Jim Rogers</category><category>Jim Rogers Freddie Fannie</category><category>Jim Rogers National Debt</category><category>US National Debt</category>
         <pubDate>Mon, 21 Jul 2008 19:39:37 -0700</pubDate>
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         <title>Chinese TyCoon Says Africa&apos;s Inefficiency Major Obstacle to Business Success</title>
         <description><![CDATA[<p>Citing inefficiency as the major impediment to business success in Africa, Li Jinyuan, one of the richest men from mainland China, and president of the Tiens Group, said the continent needs to get its act together if it wants to go forward.</p><p>Li Jinyuan sees a lot of potential in Africa, but lists several things it needs to correct in order to make it easier, safer and more productive to do business there.</p><p>&ldquo;First of all there needs to be improvements in security. Visa applications and work permits also need to be made easier so that more Chinese people can come here to invest,&quot; <a href="http://www.thetimes.co.za/News/Article.aspx?id=805451">he said</a>.</p><p>&ldquo;We need to have a win-win situation between China and Africa. Efficiency is a challenge in the 21st century. When we go to other countries [outside Africa], we have good levels of efficiency, but in African countries we meet a lot of delays.&rdquo; </p><p><a href="http://www.managersrealm.com/uploads/Li%20Jinyuan%20sees%20need%20for%20major%20change%20in%20Africa.jpg"><div style="text-align: center"><img width="220" src="http://www.managersrealm.com/uploads/Li%20Jinyuan%20sees%20need%20for%20major%20change%20in%20Africa-thumb.jpg" alt="Li%20Jinyuan%20sees%20need%20for%20major%20change%20in%20Africa.jpg" height="165" /></div></a></p>]]><p><a href="http://www.managersrealm.com/2008/07/chinese_tycoon_says_africas_in.html#more">Continue Reading</a></p>	</description>
         <link>http://www.managersrealm.com/2008/07/chinese_tycoon_says_africas_in.html</link>
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<category>Business News</category><category>Africa&apos;s Business Challenges</category><category>Chinese Investment in Africa</category><category>Doing Business in Africa</category><category>Li Jinyuan</category><category>Tiens Group</category>
         <pubDate>Mon, 21 Jul 2008 14:43:11 -0700</pubDate>
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