Money Matters

Corporate Golddiggers

May 08, 2012 By: rabbi jay kelman
Rarely has an op-ed piece (http://www.nytimes.com/2012/03/14/opinion/why-i-am-leaving-goldman-sachs.html) generated as much discussion as Greg Smith’s recent explanation of how the corporate culture at Goldman Sachs led him to resign. His article has opened up old wounds on the excesses that contributed to the financial near-meltdown of 2008. The reaction, both pro and con, demonstrates that he has hit a raw nerve.“There is nothing new under the...
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Nortel Justice System

January 16, 2012 By: rabbi jay kelman
The mention of Nortel Networks makes many a Canadian cringe. Once the darling of the tech world and the most heavily weighted stock in the Toronto Stock Exchange, today it serves as symbol of failure. The greatest insult to any company is to wonder if they are another Nortel.  The recent sale of its 6,000 patents marked the end of a company that once had a market capitalization of $398 billion dollars.I write these words as opening...
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Sixty Years and Spending

November 09, 2011 By: rabbi jay kelman
Tragically, natural disasters are a relatively common occurrence. The scene is relatively familiar: pictures of destruction and death, with pale-looking survivors searching eagerly for help. Calls go out for money to help rebuild lives and property. The cyclone in Myanmar has created a second tragedy which, from a moral point of view, surpasses the natural one. The refusal of the country’s “leaders” to accept aid, thereby causing so much death...
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The End of the Euro

November 02, 2011 By: rabbi jay kelman
Portugal, Greece, Italy. Who might be next? As Europe and the world fret over the possible collapse of the euro, finance ministers, economists and analysts debate and discuss what measures are needed to save the world from possible financial ruin. It is hard for me to imagine that any economic solution will have much long-term impact unless and until a fundamental shift in thinking takes place, and the underlying moral issues are addressed. In...
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Lessons from Steve Jobs

October 08, 2011 By: rabbi jay kelman
The saintly sage Rav Yisrael Meir Kagan (the Chafetz Chaim, 1838-1933) once commented that every technological innovation carries within it a moral message. As one who literally wrote the book on the laws of gossip and slander, he saw the invention of the telephone as teaching—warning, perhaps—that what one says over here is heard over there. He would be kept very busy today with daily moral messages.If a machine can teach morality, then we must...
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