Would you hire someone who’s smarter than you are? In 35 years in journalism and the marine industry, I’ve heard my share of senior management types espouse the virtues of surrounding themselves with people who are brighter than they are. In truth, more than a few wound up foundering because they didn’t hire people who […]
With the discount rate cut yesterday it shows how concerned the Fed is about the softening economy tied to the perception of shaky credit markets. The other “huge” factor I think is going to hurt boating is the falling home values in many parts of the country where people have tied purchases to what had been […]
There’s been a lot of buzz in the news lately about the worldwide credit crunch, with reports coming in from the United States, Canada and Europe. Many blame lenders that offered teaser rates designed to entice those with spotty credit or no money for a downpayment.