GINA, GM, Mortgage Market and More
Have Americans finally had enough of escalating gas prices? Will they stay home this weekend in droves? More important, what does it mean that it takes these kinds of economic pressures on the consumer before the government and market act? The companies that stand up and leverage their know-how with responsible behavior can solve this problem, create energy independence and make good money. It’s time they step forward…
And speaking of aligning green with business, get a look at the cover story on General Motors in this week’s BusinessWeek. The company’s got its future staked on finding the right balance between the environment and business. Now they just need to take our advice on how to merchandise that in the marketplace of ideas (see our blog posting from March).
Everybody Loves GINA…right? This legislation, barring discrimination based on genetic test results, is good stuff. And if insurers were smart, they’d create a set of consistent rules and self regulation around reimbursement for genetic testing for dealing with the consumer effectively (check out this piece in US News & World Report). It’s not just responsible…it’s good business.
Speaking of self regulation, can the financial services industry get its house in order or are we about to see an era of regulation to rival the 1930s? Barney Frank has introduced legislation on the floor of the house to create a $300 billion trust fund to help out borrowers at risk of losing their homes. Merrill Lynch and other stalwarts are being propped up by sovereign wealth money. And still, the financial services industry can’t get its house in order. A sensible business policy backed by a strong communications program could help these companies avoid heavy-handed legislation that will impact their business for years to come. Step up guys…
…and finally, speaking of green and stepping up…can Boston’s own boys in green, the Celtics, step up and beat the Pistons in Detroit this weekend??? Not only would that be good business, it would be good fun and socially responsible to all of us fans. Go Celts!
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Peter Prodromou
Racepoint Waltham, MA
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Posted 22 May 2008
Last edited 23 May 2008
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