Tag: Economics

My Thoughts on Becoming the new President of Business and Economics Alumni at CCNY

As I mentioned in a previous post, on July 1, 2017 I will begin my term as President of Business and Economics Alumni at CCNY (BEAS).

First it is an honor that the School of Social Sciences, the Alumni Association, and my fellow members of the Board of Directors all agree and find me fit to serve in this role.  This is a position that I have always held in a high regard and I will do my absolute maximum to live up to the title.

I have been in leadership roles since I was 18, I am now 35, I have less hair on my head and a bit of what remains has even turned a shade of gray.  I know I have the necessary experience to lead a board of highly accomplished men and women.  Members of this board are both older and younger than I am.  Some members of this board have more experience than I do in many areas.  I will be looking to those members to help guide me.  To those members where I have a bit more age and experience, I will always do the maximum to be there to assist and guide you.  I anticipate having a great time in learning about everyone in a greater level of detail than I have had in the past.

I’m taking over a board in transition.  I will have a new 2nd Vice President, 3rd Vice President, and Secretary.  I am replacing a President that has served for 7 years, and has at the same time achieved a long list of accomplishments in her own career.  As this is a unique opportunity to add members to the board, I will be adding 6 new members that have varied experience in architecture, business, economics, education, and history.  I am glad that I have had the opportunity to add recent graduates too.  The recent graduates come from the new undergraduate Economics Business and Finance Society that I have had the pleasure of working hard to put together over the semesters of FA 16 and SP 17.

To the departing members of the board, I thank you for your service.  Without your contributions, I wouldn’t be in this position.

To the members of the board that are staying on, I may have only been added to the board in the Fall of 2015 but my dedication to the university and to develop an undergrad – alumni community is why I want this position.  Things will be different coming from a previous presidency spanning 7 years; I ask that you please put faith in my leadership and management abilities and give me a chance to show you all what I can do.

To the new members of the board, I have known most of you going back to 2010 and 2011.  I’ve been a student with you, been your friend, and worked with you, we’ve built trust in each other.  I know I can count on you to be your best.

To the 2017 graduates joining the board, you’ve earned my trust over the academic year; get ready for the ride.

Lets all work together to raise BEAS up higher than it has ever been.  I know we can do it.

–END

 

As always, thank you for reading, and comment if you see fit.

 

Advertisements

States, Cities, and Towns should NOT be Subsidizing Gas Prices

An older article wrote years ago that I published here since I believe the concept is still relevant.
Over the summer I was reading an article on an automotive website entitled ‘City Unlocks Incredibly Cheap Gas Prices  HYPERLINK “http://jalopnik.com/city-unlocks-incredibly-cheap-gas-prices-through-power-1608882245″Through HYPERLINK “http://jalopnik.com/city-unlocks-incredibly-cheap-gas-prices-through-power-1608882245” Power Of ‘Socialism’’.  I saved it to my reading list, and discovered it again while switching to a new iPhone.  As someone who works on cost, quality, efficiency, and inventory all day, I was filled with questions as to why any town would want to do this.  As someone who passionately believes in freedom and free markets, I was floored that something would take place here in the USA, I’d expect that in Iran or Venezuela.
The very first paragraph describes how the local government moved undercut the business owners in the area by over .20/gal.  The author tries repeatedly to explain how this is in no way anything close to socialism, and then moves to mock others who disagree with the president’s economic policies.  It was this viewpoint that led to me not visiting that site anymore.  What is also odd is that when loading up this website, their motto is drive free or die.  I guess in their mind you’re free to drive as long as you drive what they want while you fuel your vehicle at their direction.
What is most humorous is when the author states “It’s not really socialism”; basically admitting that there are socialistic elements to it.  The comments section as also filled with people who are calling it municipalism, which isn’t even a word.  I can understand that to many who are not educated in economics, that this seems like a great idea.  I do want to warn however that this sets a really bad precedent and could go down a really bad road.  Below I will mention how this is bad for business, consumers, and the free market in general.
The crowding out effect:  This occurs when the government ‘crowds out’ the free market by supporting one business over others, or by offering a specific good or service itself.  It is clear that this specific town had set its sights on using the lure of cheaper gas to put this specific effect into action.  What is more astonishing is that the current owners of gas stations in the area are paying business and individual taxes on the money they make for selling gas; and that the town is directly using the tax dollars they collect against the people who pay the taxes.  To say that the existence of private gas stations in the town makes this ok is ludicrous.  The average consumer buys gas, and only gas at a gas station.  If there were 4 stations at an intersection, and 3 were priced at 3.59/gal, and one was 3.36/gal; it’s obvious which would have lines around the block.
Quality:  Private entities want return customers.  They do all they can to provide a quality experience.  The quality of government services (the VA, Medicare, Medicaid, Social Security) always lacks behind that of private entities because, while government is required to legally provide those services, they are not required to have an ever-increasing quality standard since there is no free market option.  When the free market is crowded out, quality always drops.  Private gas stations are also required to undergo government safety inspections to make sure that their patrons are safe while fueling.  It is unrealistic to assume that government gas will inspect itself; look at this summer’s VA scandal, the government did a poor job of enforcing its own standards there, this being less important and with less of a microscope only makes it less likely that safety standards will be held to.
The OPPOSITE of the FREE MARKET:  A free market is free for all citizens of a country to participate in, without government involvement.  Businesses have bottom lines to meet or go bankrupt; a government can run infinite deficits and print its own money.  How anyone can expect a private business to compete against that boggles my mind.  Truly free markets are not racist or sexist, if you bring an in demand good or service to the market you will be rewarded, this goes for commodities like gasoline too.  People on the political left hate Wal-Mart and say that it crowds out the little guy, their hypocrisy is exposed when they are in favor of the government doing it.  They were never for the little guy, those people were always anti all business and pro-government, and were only using Wal-Mart as their scapegoat to win the votes of small business owners.
Everyone wants a bargain on gasoline, as a driver of a car with 400 Horsepower and a 6.0 litre V8 engine, this means me too; but not to the extent that private entities have to be crowded out or eliminated.  The government crowding out businesses to provide cheaper goods, to win votes and popularity goes down a dangerous road.  I would encourage readers that disagree to look at countries that don’t allow for free people and free markets, and check the average wealth and quality of life of those residents.
http://jalopnik.com/city-unlocks-incredibly-cheap-gas-prices-through-power-1608882245