Business & Economy
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Lessons from three men in a tub of debt

Business
by Bill Newton
Posted 7/05/14, 01:54 pm

I know of three Christian businessmen who began their careers using heavy leverage—meaning they borrowed a lot of money. Each learned the biblical warnings and dangers of debt. Each responded. Then their stories diverge.

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Associated Press/Photo by Marty Lederhandler

Doing is much harder than describing

Business
by Bill Newton
Posted 6/21/14, 11:06 am

“I’ll give you five cents for the person who can identify the problem—that’s the easy part. I’ll give 95 cents for the person who can fix it,” H. Ross Perot told an audience of Harvard Business School students back in the mid-1970s.

Those students sat in stunned silence. For two years they had been taught that identifying the real problem, determining all the possible solutions, evaluating them thoroughly, and then picking the optimum one was 99 percent of the job. But in just 60 seconds, a self-made billionaire with a high-pitched nasally voice burst their bubbles.

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Associated Press/Photo by Cliff Owen

Lawmakers: GM needs to clean house

Business
by Allie Hulcher
Posted 6/19/14, 10:04 am

WASHINGTON—Congressional lawmakers on Wednesday berated General Motors CEO Mary Barra about a corporate “culture” that created a lack of accountability for safety issues, suggesting fresh blood might be needed at GM’s highest levels.

GM has issued a record 44 recalls this year, affecting more than 20 million vehicles.  The latest recall Monday included more than 3 million cars from 2000 and 2014 and dealt with a similar ignition switch problem that caused the confirmed deaths of 13 people.

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