1. FRANCISCANOMICS
Indiana YMCAs Executive Conference
May 5, 2001

2. Paul Volcker
“The U.S., along with the rest
of the world, is in the midst
of a great recession.”

3. “Top economists
wary of declaring
recession over”
Headline / San Francisco Chronicle / 04.13.10

4. “The Recession
Is OVER, Says
Economic Panel.”
Associated Press
September 20, 2010

5. “LABOR MARKET STILL
SOFT AS JOBLESS
CLAIMS RISE”
–NEWSROOM AMERICA, 01/27/11

6. “This report is a clear
warning that
the recovery is very weak.
”
—Dean Baker, Center for Economic and Policy Research

7. QUESTION:
Is this the worst economy
since the Great Depression?

8. Carter
ADMINISTRATION

9. Prime Rate
20%
April 2, 1980
Source: www.wsjprimerate.us

10. COMPANIES COULD
NOT AFFORD TO
BORROW MONEY TO
OPERATE THEIR
FACTORIES.
SUPPLY DRIED UP.
AS A RESULT, THE
INFLATION RATE AT
THE TIME WAS 14.5
PERCENT.

11. “Are you better off today than
you were four years ago?”
Ronald Reagan

12. Reagan
Carter
Landslide!
Source: www.uselectionatlas.org

13. col·lapse [kuh laps] –noun. A sudden
and complete failure; a breakdown.

14. “You will be confronted
with questions every day
that test your morals.
Think carefully, and for
your sake, do the right
thing, not the easy thing.”
Commencement Speaker
St. Anselm College, 2002

15. “Ex-Tyco Chief
Executive Kozlowski
Sentenced to 8 to 25
Years”
Headline / Bloomberg.com / 09.19.2005

16. Strong Fundamental Values
“We must demand of ourselves
and of each other the highest
standards of individual and
corporate integrity. We safeguard
company assets. We comply with
all company policies and laws.”
Source: The Tyco Guide to Ethical Conduct

17.  Regency mahogany
bookcase, c. 1810, $105,000
“We safeguard  George I walnut tallcase
clock, $113,750
company assets.”
 Custom queen bed skirt,
$4,995
 Ascherberg grand piano,
c. 1895, $77,000
 Chandelier, Painted Iron,
c. 1930, $32,500
 Pair of Italian armchairs,
c. 1780, $64,278
 Persian rug, 20 feet by 14
feet, $191,250

18. “In corporate
America, crime
pays. Handsomely.
Grotesquely, even.”
Arianna Huffington
Pigs at the Trough

19. EN
HE RO
W N
LE ME
TT R
-P RIL
a slippery slope
AC L
KA LY
RD NC
CI H J
TI .P.
GR M
OU OR
P GA
IM N
CL W
ON OR
E LD
GR CO
OU M
P GO
BA L
NK DM
OF AN
AM SAC
ER H S
IC
A

20. Bad Judgment?
Just days after receiving
an $85 billion taxpayer-
funded loan, AIG spent
$440,000 to pamper
executives for an entire
week at the extravagant
St. Regis Resort.

21. Photo by Win McNamee/Getty Images
“I would like my life back.”
Tony Hayward, former BP CEO

22. “The best year in safety
performance in our company’s
history.” Transocean Ltd.

23. “Exxon Mobil 1Q
Net Soars 69% On
Higher Oil Prices”
The Wall Street Journal
April 28, 2011

24. Corporate
>> FEUDALISM

25. 49
PERCENT
Less than
half of all U.S.
employees trust
their senior
leaders.
Source: Watson Wyatt

26. a RECESSION
HEART
OF THE

27. TRICKLE-DOWN THEORY
When government
allows businesses to
flourish, their resulting
profits will ultimately
trickle down to lower-
income individuals.
Aghion, P., & Bolton, P. (1997). A theory of
trickle-down growth and development. Review
of Economic Studies, 64(219), 151-172.

28. Reaganomics

29. Ripple Out vs.
Trickle Down

30. a case study

31. “And standing there
bareheaded in the
sun, apologizing to
the beggar, the
strangest thought
flashed across his
mind. He and this
poor man were
brothers.”
Sara Maynard
Princess Poverty

32. “Francis, go and repair
my church, which, as you
see, is falling into ruins.”
SOURCE: Edmund O’Gorman, St. Francis for Today

33. Stones and mortar?

34. Fix the recession!

35. Stocks and bonds?

36. Franciscanomics

37. If a few leaders can cast suspicion
on the integrity of an entire nation...

38. ...then why can’t some morally strong
leaders restore the public’s faith
that people are generally good?

39. “But wait. We’re not saints.”

40. “Furloughs
Hit the White-
Collar Set”
Headline / Wall Street Journal / 02.24.2009

41. Facing $38 million in budget cuts,
school officials chose to furlough
every employee for five days.

42. Faculty and staff raised
over $70,000 to help
reimburse 158 lower-wage
co-workers for lost income
during the furloughs.

43. Francis-like behavior

44. “And last but not least,
we wish to thank our loyal
employees. Without them...”
—Final paragraph of most annual reports

45. 60
MILLION

46. “I prefer to live in a world
where this is ordinary.”
Leonard Abess

47. 10.1 percent

48. “Was thinking that if each of us
helped just 1 person find a job,
we could start making a dent in
unemployment. You game?”
Mark Stelzner

49. “You game?”

50. In the first year, over
40,000
Job Angels started helping people find jobs.

51. Joe Works

52. RANDOM
acts of kindness

53. –Joe Works

54. LISA
EPSTEIN
VERSUS THE
ROBO-SIGNERS

55. predatory lending

56. “At its most rapacious, greed
trumps rationality, judgment,
perspective, and any concern
with the collateral damage it
may cost.”
Tony Schwartz

57. ‘
I was naïve to believe that banks
and borrowers were held to the
same laws. I know better now.
’
Lisa Epstein
www.foreclosurehamlet.org

58. HUD reports that there
are nearly 650,000
homeless people in the
country on any given day.

59. “...other places not meant
for human habitation.”

60. PETERSAMUELSON
“I had to do something about the lady
living in a refrigerator box near where I
sleep in a house with a refrigerator.”

61. “This is a modest way to
make a difference in
people’s lives.”
Peter Samuelson
Photo: Nick Stern Photo: Nick Stern
Photo: Nick Stern Photos: Nick Stern
Photo: Nick Stern
Photo: Joe Ravetz Photo: EDAR

62. “It’s not morally acceptable to
let people remain in miserable
circumstances, if you aren’t
offering alternatives.”
Peter Samuelson

63. FACT:
On an average day, more than 60,000
adults and children seek refuge from
abusive relationships. Nearly 5,000 requests
for emergency shelter or transitional housing
go unmet every day.
National Network to End Domestic Violence

64. Law
Celena’s

65. “For many years I had no
voice. Well, I’ve found it now.”
Celena Roby

66. Do YOU know what it means to be hungry?

67. the h word

68. 1 in 6
Americans is food insecure, including
a quarter of the country’s children.
-USDA

69. An
ANGEL
in Queens

70. • 15 pounds of pasta
• 22 pounds of rice
• 60 pounds of chicken
• 10 pounds of frozen vegetables
• 10 pounds of onions
• 10 pounds of peppers

71. Jorge Muñoz

72. The Wolf of Gubbio

73. interdependency

74. “
THE EARLY FRANCISCANS,
WITH THEIR PASSIONATE
SYMPATHY FOR THE
SUFFERING AND
The Catholic World
October 1903 OPPRESSED, LARGELY
CONTRIBUTED TO THE
FINAL DISAPPEARANCE
OF CORRUPT FEUDALISM.”

75. “A little man may
do a great deal of
harm; and pray,
why not a little
man do a great
deal of good?”
Cotton Mather, 1825
Essays to Do Good

76. Franciscanomics
You might not become a saint—or
get the publicity afforded today’s
notorious business scoundrels.

77. But you’ll succeed in proving that there are still
HONORABLE PEOPLE
in the world today.

78. You game?

79. FRANCISCANOMICS
Indiana YMCAs Executive Conference
May 5, 2001