Category Archives: Politics

Breaking Up the Big Banks: Financial Whiz Fred Shaffer Offers Insight into This Question. Podcast #2

This is the last post in this series on Breaking Up the Big Banks (also known as TBTF banks).

This is part 2 of the podcast/conversation with Fred Shaffer, Managing Partner of GTO Development.
fred shaffer Breaking Up the Big Banks: Financial Whiz Fred Shaffer Offers Insight into This Question. Podcast #2

This is slightly longer podcast but it covers in more detail about where the economy, banking and finance are going. This is about housing bubble, the loss of investments and also about the recovery of this country’s economy and that of the global economy. Why do I mention the global economy and why the focus? Because the economy is now a global econommy. If you have watched the effect of various members of the EU whose member countries were facing dire economic situations. These situations — ours and theirs– affect the entire global market in terms of business and finance. The conversation evolves to this point and Shaffer spends a good amount of time explaining why.

Did you miss part 1? Here’s the link for part 1 with Fred Shaffer
Podcast part 2 with Fred Shaffer

This podcast is important to listen to because it answers the question “should the big banks be broken up” and how we dig ourselves out of this economic mess. Particularly relevant is the section from 16:47 to about 24:00 are incredibly relevant. There is commentary in that specific section that gives direction for the future and perspective on the past.

I have great appreciation for Fred Shaffer’s time in participating in this conversation. He’s really provided truths and the realities of the economic situation from the downturn and with an eye toward the future. Thankyou Fred for your expertise in this conversation! Should you wish to contact Fred Shaffer for business questions, please contact him at Email Fred Shaffer .

Biography:
Fred Shaffer, Managing Partner, GTO Development
Fred Shaffer’s career includes significant accomplishment in real estate investment,
mortgage finance and capital markets securitization and trading. Over the last fifteen
years, Fred has started and managed several real estate related businesses in Los Angeles
which invested in and developing residential and commercial property. During that time
Fred’s companies invested in over 100 properties, developed, constructed and / or sold
over 400 residential units with a completed market value of approximately $300 million.
Fred has broad experience in all aspects of real estate investment and development,
including acquisition, debt and equity financing, project design, entitlement, construction,
property management and marketing property for sale or rent.
Prior to moving to Los Angeles, Mr. Shaffer was Partner and CFO with Ellington Capital
Management, a mortgage security hedge fund based in Greenwich, CT and was a
Managing Director with Kidder, Peabody & Co., Inc. in New York, specializing in real
estate finance and mortgage-backed securities trading. Four of Mr. Shaffer’s ten years
with Kidder were spent in Tokyo, Japan where he was head of Fixed Income Trading and
built a $50 million per year revenue stream in MBS and derivative sales and trading.
Mr. Shaffer is a Certified Public Accountant and holds a bachelors degree in Economics
as well as a M.B.A from New York University.

Thanks to Chris Abraham and MarketingConversation.com for the time & space!

Stevie Wilson,
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Presidential public relations pitfalls

Search engine optimization and public relations go hand in hand –just like peanut butter and jelly. While it’s possible to have one without the other, to maximize their effectiveness, you need to employ both tactics.

political pitfalls 235x300 Presidential public relations pitfallsOnline PR is an excellent tool for creating content that creates natural, organic backlinks by utilizing keywords and links within press releases. It can also improve your reputation by creating positive content that pushes negative reviews down in the search engines.

However, PR isn’t just for businesses.  Individuals, such as celebrities and politicians, take advantage of public relations all the time.  Nevertheless, there are many traps you can fall into if you don’t know what you’re doing, and the results of these pitfalls can be disastrous.

The current presidential race has presented several examples of public relations faux pas that could have been avoided.   Here are just a few:

Herman Cain Denies Sexual Allegations

Background:  Over the past few months, several women have come forward alleging that Herman Cain sexually harassed them.   Another woman came forward claiming that she engaged in a long-term affair with the presidential hopeful.  Cain denied all of these allegations, claiming he had never even met some of the women.

The Pitfall:  Using the “deny, deny, deny” technique (also known as the “Liar Liar Pants on Fire” technique).

What he should have done: The absolute worst thing you can do during a crisis situation is tell a lie—especially when you are in the public eye.  Someone, somewhere, will eventually catch you, and then your credibility will plummet even further.  Cain should have taken control of the story by confirming what events had taken place, and making a public apology if necessary.  You would think that Cain would have learned from the Bill Clinton scandal and the Anthony Weiner controversy and would have realized that lies come back to haunt you. But I suppose everybody thinks they are the exception to the rule.  Hint:  You’re not.  Better to play it safe than sorry.

Michele Bachmann Loses New Hampshire Campaign Staff

 Background: Back in October, Michele Bachmann’s entire New Hampshire campaign staff resigned, citing frustration with the campaign.  When Bachmann was interviewed about the incident, she responded that she was not aware that anybody had resigned.  In the weeks following the incident, the New Hampshire campaign staff started giving additional details about their sudden resignation.  They stated that they were frustrated because. Bachmann’s national staff had essentially ignored the New Hampshire team, and had not paid them their wages in more than a month.

The Pitfall:  Ignorance.

What She Should Have Done: Ignorance was shown both in Bachmann’s lack of knowledge about her New Hampshire team quitting, and in neglecting them to the point that they resigned.  It’s important to always know what is going on in your organization—from knowing that your employees are frustrated, to knowing that they no longer work for you.

Disgruntled employees can be the biggest threat to any organization because they know the dirt, and can easily take to the media to spill it.  I know there’s a saying out there that “any publicity is good publicity,” but this is not the case.  Practicing internal PR is a must in order to manage your organization effectively.

Rick Perry’s Debate Blunders

Background: Rick Perry has been infamous this campaign season for his terrible debating skills.  At one point in October, the Texas governor made a comment that he didn’t want to participate in the debates anymore.  He later changed his mind after he was criticized (and I’m sure after his campaign staff told him the move would be political suicide), but his debating skills have not improved.   Since his statement, Perry has been known as the “forgetful” politician—forgetting which government agencies he would eliminate if he were elected president, forgetting the nation’s legal voting age, forgetting how many Supreme Court justices there are and forgetting the name of a Supreme Court justice he was criticizing.

On a search engine optimization related note, Perry currently holds the title for the most hated video on YouTube, which is reportedly the world’s second-largest search engine.    The video currently has more than 660,000 dislikes, stealing the title from Rebecca Black’s “Friday” video.

The Pitfall:  Being unprepared.

What He Should Have Done:  Practice speaking in front of a mirror, and bring note cards to debates and interviews.  Just do anything but wing it.  It is essential to be prepared in PR; not doing so can hurt your reputation as an expert and bring about unwanted publicity.

Jon Huntsman “Sells Out” on Global Warming

Background:  In August, Jon Huntsman tweeted, “To be clear, I believe in evolution and trust scientists on global warming.” However, just a few weeks ago at the Heritage Foundation, Huntsman seemed to back off that statement by implying that science might not have all the answers.

The Pitfall:  Not sticking to your guns.

What He Should Have Done:  Jon Huntsman should have either a) never tweeted his position on global warming or b) made his statement at the Heritage Foundation to be in line with the tweet.  A social media marketing strategy could have done wonders in this situation.  You can’t have it both ways to please everyone.  If you try, you just end up disappointing everybody.

Newt Gingrich Thinks Poor Kids Should Clean Dirty Toilets

Background:  On more than one occasion, Newt Gingrich has stated that he would do away with child labor laws in order to allow “poor kids” to work as janitors and earn money for their families.  He also stated that he believes schools should get rid of their janitorial staff and hire the students to clean the schools.  Gingrich claims that this would teach children a good work ethic and give students a sense of pride in their schools.  Gingrich has since backed off from his comments.

The Pitfall:  Offending your publics.

What He Should Have Done:  Gingrich should have done some quick research on his publics to find out if they agreed with eliminating child labor laws.  By making such a bold, unpopular statement, Gingrich offended many voters, which could jeopardize his presidential bid.

 

Rick Santorum Feels the Wrath of the Bloggers

Background: Almost 10 years ago, Rick Santorum made some disparaging remarks about the gay community.  One blogger, Dan Savage, was angered by the remarks and held a contest on his blog to redefine the meaning of the word “Santorum.”  The new definition was meant to be shocking and offensive.   Savage then encouraged his followers to link to the definition.  The campaign was so successful, that it outranks the senators own website and Wikipedia page.  Savage recently threatened to redefine the word “Rick” if the senator does not play nice.  Last year, Santorum approached Google asking them to remove the website from its rankings, but Google decided to take a transparent approach.

The Pitfall:  Offending the wrong people

What He Should Have Done:  So, as mentioned before, it’s impossible to please everybody.  However, Santorum has done little to fix his Google problem.  Santorum should have employed a few search engine optimization tactics to outrank the website and nip the problem in the butt.

Mitt Romney Flip-Flops

Background:  Over the past few years, Mitt Romney has been famous for taking a stance on an issue one day, and then changing that stance, causing him to be labeled a “flip-flopper.”  There is even an entire website dedicated to keeping track of all the flip-flops that Mitt Romney has made.

The Pitfall: Trying to please everybody.

What He Should Have Done: The fact of the matter is, you’re not going to please everybody, and you shouldn’t try. Mitt Romney needs to concentrate on pleasing his publics.  Utilizing online public relations would also be a good idea to offset the flip-flop website.

Obama’s Online Store Took All My Money

 Background:  Barack Obama hasn’t really ramped up his campaign yet, but I wanted to keep this blog post as unbiased as possible.  So this anecdote is a personal one.  Recently, I was trying to purchase two coffee mugs for some Obama fans on my Christmas list.  I put my credit card info in, and a dialogue box popped up saying “I’m sorry, your payment did not go through, please try again.”  I then proceeded to “try again” 42 times before eventually giving up.  A few days later I received a bank statement in the mail saying I had been charged overdraft fees.  After a tearful call to the bank, I was told that while I was never officially charged for my purchase, I had $40.00 withheld 42 times on my bank account.  Long story short, those coffee mugs cost me a lot more than $40.

The Pitfall:  Detail disorientation.

What He Should Have Done: OK, so I doubt the president himself is the code monkey for his own website, as I’m sure he has more pressing issues to worry about (like war and the economy and stuff).  However, his campaign team needs to become more detail oriented – especially if they are promoting said coffee mug over the social media channels every day.   Mistakes can hurt a company’s reputation and cost a lot of money, and a political campaign is no different.

Candidates RSVP “No” to Trump Debate

Background: Donald Trump announced that he would be hosting a Republican debate on Dec. 27.  Trump also announced that he would officially endorse one of the candidates for president following the debate.

All but two (Newt Gingrich and Rick Santorum) of the Republican candidates have said that they would not attend the debate because they were afraid that Trump would find a way to turn the event into an episode of “The Apprentice.” Critics say that this is not becoming of the presidency.    Trump was eventually forced to cancel the debate.

The Pitfall:  None.

What They Should Have Done.   This is one move political candidates have done right.  It shows the American people that they take the campaign very seriously and do not wish to see the campaign turn into a reality TV show for sheer entertainment.

Whether you’re a business looking to improve your image, or an individual looking for advice on how to manage your reputation, public relations can do wonders.  If you’re seeking more common public relations pitfalls and how to avoid them, check out this PRMarketing.com e-book.

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 Presidential public relations pitfalls

How social media is playing into the presidential race

Things are heating up following this week’s Iowa caucuses and many marketing professionals wonder how social media will play into the upcoming presidential election. Thanks Sandbox Industries and lab42 for supplying this insightful look at what social networking sites are doing for the race. Happy Friday!

politics infographic How social media is playing into the presidential race

Politics in the Social Media Age

socialmediapolitics Politics in the Social Media AgeAs more people use social media such as Twitter and Facebook, politicians and campaigns need to put more time, energy and money into reaching people there–but effectively. Grant Crowell over at ReelSEO recently analyzed social media strategies in politics. Here are some social video tips from for politicians to avoid political disasters and how to handle them properly:

  1. Be your own media hub. Take sensitive questions and address controversies through your own media channels.
  2. Treat anything you have ever put out online as public. It doesn’t matter if you meant it for someone personally, or even kept it for yourself privately. Remember, anything you upload is not a available to anyone for access.
  3. Learn to control the situation. Don’t feel the need to always have a live audience for everything you do and every message you need to get across.
  4. Don’t lie to us. The same goes to being evasive.
  5. Admit stupidity. If you are stupid enough to lie, at least admit it.
  6. Put things in proper perspective for us. Does it really affect the ability to do your job?
  7. Be social with video ALL the time. Rather than using social media and online video only to promote your campaign and deal with controversies, utilize it to build your social capital for anything in the future.
We’ve all witnessed the disasters: the infamous Katie Couric interviews with Sarah Palin or the topless photo of Republican Mark Foley sent to Craiglist. To the politicians and political hopefuls–learn from these social video disasters of others and realize that you don’t have a choice anymore. It’s a necessity to be honest, transparent and social online with us if you want our vote.
 Politics in the Social Media Age

Michael Maslansky takes over CEO role from Frank Luntz

I just received this announcement from Nancy Martira over at Ketchum, following-up on my blog post with the big announcement that Frank Luntz is leaving Luntz, Maslansky Strategic Research:

As you reported on your blog, the close of the 2008 Election Season also brings to a close Frank Luntz’s time as CEO at Luntz Maslansky, a non-partisan, market research and communications consulting firm.  As reported in Ad Age on Friday afternoon, Lutz Maslansky Strategic Research (LMSR) is pleased to announce that President Michael Maslansky will be taking over the role of CEO effective January 1, 2009.  The Luntz, Maslansky Method of Language Strategy, used recently by news organizations such as CNN and FOX News to track voter reaction to the presidential debates, is used to understand how target audiences “hear” messages and how to craft the precise language that resonates most powerfully with those audiences. 

Founder and outgoing CEO Frank Luntz will relinquish day-to-day responsibilities and assume the role of chairman emeritus.  Prior to his five years of service as the President of LMSR, Michael Maslansky was president of MarketResearch.com, a leading market intelligence company where he remains on the Board.  “Michael is the ideal person to take the firm to the next level,” said Luntz.  “At no time in recent history has the importance of clear, credible and persuasive communications been greater than it is today, with corporate American facing unprecedented financial challenges and a new era in Washington.”

Frank Luntz Exits Luntz Maslansky Strategic Research

I just received this email from Frank Luntz:

To: Friends & Family
From: Frank Luntz
Re: A New Beginning
Date: November 5, 2008


The end of the most interesting election in modern times will also be the end of my career with Luntz, Maslansky Strategic Research. Having sold my company to the good people of Omnicom, it’s time to move on.

When I hired my first employee and opened up an office in the basement of my townhouse in 1992, I never dreamed that I would someday have the honor of working for presidents, prime ministers, and CEOs of the world’s most successful companies and most influential foundations. Our roster of corporate and public affairs clients is unprecedented for a firm of our size, and I’m so deeply proud of them and the positive impact they have had on their customers, their communities, and the world at large.

I am also grateful for the privilege of analyzing the great events and social trends of our time in so many diverse public settings. While I may have a face for radio and a voice for newspapers, the willingness of so many network presidents and executive producers to give me the opportunity to apply the skills of public opinion to explain the who, what and why of the world are some of the most fulfilling and enjoyable moments of my career. I can never adequately thank them for making life so interesting and invigorating.

But a time comes in everyone’s career where it becomes important to tackle new challenges and scale new mountains. Now is as good a time as any to get out of DC and start examining more closely what is really happening in American life and culture. I also want to take my research of words to an entirely different level, applying it where it has never been applied before. There’s a lot I still want to learn and do – and staring at the Pacific Ocean from Santa Monica, California is as good a place as any to do it from.

So while I will be leaving my home and my company, I am certainly not retiring or disappearing. I’m much too young and much too excited about what’s ahead. But I don’t plan to work as hard – at least that’s the plan. Those of you who know me well know that I work 18 hour days, seven days a week. This year alone I will have flown more than 300 days and logged 300,000 miles … and frankly … I’m tired. I need this change of scenery and change of pace to recharge my batteries and extend my shelf life.

Not everything will change, however. I have been offered and accepted the privilege of serving as “Chairman Emeritus,” of LMSR, a title normally reserved for people who live past their sell-by date. And while I may be gone, the company name will remain the same, as will the team I have painstakingly assembled over the past decade. These are uniquely capable people with solid research experience and the most creative brains I have ever worked with. I recommend them highly for all your research needs.

And if you are looking for advice and guidance, I’m definitely still around and still in business.

To end on a personal note, I did not learn until the death of my father how much he enjoyed my frantic calls asking him for help or guidance – and that he missed them when I grew old enough to handle these tasks on my own. You don’t realize how much I appreciated the chance to serve you – even when the calls were late and the tasks were tough. While I have made my share of mistakes, I do not regret a single minute. You have given me a very fulfilling life, and I thank you for making it worth living.

Frank

Here’s a version of this email online.

CAFE Standards and RES Answers to Questions

Lots of people have so many great questions about the 2007 Energy Bill coming up and what the NET coalition is doing to push through an aggressive energy bill that would push CAFE standards for cars to 35 mpg by 2020 and the percentage of electricity in the US provided by renewable sources of electricity to 15% by 2020. Please sign the petition. Learn more about CAFE standards from Click and Clack, the guys from Car Talk, Tom and Ray Magliozzi. Also, see how much this matters, especially to students who will be inheriting the future of the planet during their Lobby Day during which students took to the Hill and lobbied the House and the Senate. (Via Memes.org and Chris Abraham Online)

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The Spooky Truth “Trick or Treat” Halloween Candy Delivery to Members of Congress

candybarfactsheet 200 The Spooky Truth Trick or Treat Halloween Candy Delivery to Members of CongressBelow are 4 photos of the bags of candy and the fact sheet, The Spooky Truth, that members of the Pew Campaign for Fuel Efficiency are delivering to Members of Congress on Halloween. This isn’t going to happen until Wednesday, Halloween, October 31st! Here’s a heads up well before these will hit offices. This is part of the larger fight to keep the Energy Bill strong, www.energybill2007.org! Please check out The Spooky Truth Fact Sheet as well. Also, check out the letter that Tom and Ray from Car Talk wrote and signed to Members of Congress in support of aggressive CAFE Standards in the energy bill (also in PDF). If you want full-sized images of the below bags, please check out more photos here. Via SMPR and Memes.org

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Aggressive CAFE Standards and RES Matter in the Energy Bill

This Fall there will be an important Energy Bill up for vote by Congress, a Bill that will take relatively aggressive steps towards reducing our reliance on foreign oil and foreign governments while increasing our dependence on renewable energy, such as wind power and solar power. Please sign the petition to help give your member of Congress a little incentive to pass the more aggressive version of the Energy Bill legislation, undiluted by the auto or the oil industry and their lobbyists. The following post was written by Lorna Li over at her blog. Via Chris Abraham Online and Memes.org.

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