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Entries for September 2008

Chaldean E-Mails Force the Curtain Back Once More
By Alex Issa :: 70424 Views :: Article Rating :: Business & Finance, Government & Society

California, USA –Chaldean business leaders are fast feeling the pinch as banks are reluctant to even give payroll loans on verified accounts receivables.  With the U.S. Economy on the verge of bankruptcy Chaldeans are still befuddled with how this could be possible. 

Sarmad Khomoro, of Bay Side Liquor in Los Angeles puts it this way, “If one customer asks me to loan him some money and that he will pay me back next month, I can handle it if he doesn’t pay his debt, it’s only one person.  Now, if the city of Los Angeles passes a law that tells me I have to give everyone who asks me a loan and the city will back-me-up if they don’t pay me-back.  I am going to give loans to hundreds of people because I want to get more customers and make them happy.  I don’t care if they can pay it back or not, since the city promised me they would bail me out if there was a problem.”

Khomoro’s example is pretty much exactly what happened on a national level with banks.  Banks were reassured that bad loans would be protected by Fannie Mae and Freddie Mac.  www.CHALDEAN.org Michigan columnist Sam Yousif wrote that the blame lies with Democrats.  The article created a flurry of e-mails.  Over forty-two e-mails were sent asking for more information.  So we put our California business reporter, David Najor on the task.  This is what Najor reports...

It all began with the CRA (Community Reinvestment Act) that quickly turned into a thief’s bank in the early 90's.   The Los Angeles Times reported that, starting in 1992, a majority-Democratic Congress "mandated that Fannie and Freddie increase their purchases of mortgages for low-income and medium-income borrowers. Operating under that requirement, Fannie Mae, in particular, has been aggressive and creative in stimulating minority gains."

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Chaldeans Want to Know Whose To Blame for the Economic Collapse
By Sam Yousif :: 69199 Views :: Article Rating :: Business & Finance, Government & Society

Michigan, USA - “Me and my wife work over seventy hours a week.  We make all our payments and when we can’t afford something we don’t buy it,” says Sam Kalesho.  “Our government is going crazy.  They are stealing from us all.  They want more taxes, charge us more for electricity, and killing America. Whoever’s fault this is should never be in politics again.”

Kalesho is surprised when a customer of his yells out, “Then get the Democrats out of office.”  Trevor Raddison, shopping at Lakeside Liquor blames the Democrats for the economic collapse.  “McCain himself tried to stop Fannie Mae and Freddie Mac in 2006.  He predicted this tragedy and the Democrats blocked him.  Democrats are bought and sold.  Fannie and Freddie paid millions to the Democrats to protect them while they were cooking the books.  They gave protection paybacks to Obama, Biden, Clinton, and Dodd.  They act like they are for the working man, but they aren’t.  To them it is all a front.  Immigration, not allowing us to drill in America, not allowing people the right to work, Democrats are crooks.  I burnt my democrat card a long time ago.”

Raddison is right that McCain was a leading proponent of the corruption in Fannie Mae and Freedie Mac, that have caused the economic stumble of America.   Congressional record shows that back in 2006 McCain hammers them for falsification of financial records. Ironically the leaders of the corrupt companies, including Franklin Raines and Jim Johnson, both worked as advisers to Barack Obama. 

 

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10 Tips on How to Handle Chaldean Family Business Conflict
By Ray Yono :: 107669 Views :: Article Rating :: Career & Education, Community & Culture, Business & Finance

Chaldean family businesses present a unique set of conflict resolution strategies at the workplace.  Conflicts at home or at the business, whether they’re interpersonal or purely business, are an unavoidable fact of the Chaldean family business life.

 But a disagreement doesn’t have to end with hardship and hurt feelings. Employing smart psychology can help younger Chaldeans handle conflict wisely with their seniors and end up with a solution that works best for everyone.

Dr. Nabil Rafou, a Chaldean social psychologist who is an expert in conflict resolution, negotiation, mediation and leadership, shares some of the tactics that work among Chaldean family businesses.  “These ten tips work particularly well given the Chaldean cultures blended history,” Dr. Rafou says.  

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Detroit’s Troublesome Mayor Resigns, Heads to Jail, and Forced to Pay Millions.
By David Najor :: 101870 Views :: Article Rating :: Law & Order, Business & Finance, Government & Society

Michigan, USA - Frustrated Detroit Chaldean business owners breathe a sign of relief.  “Finally.  It took this long and cost so much for this city to see what kind of crook we had in office,” says Khalid Nalou, manager of Downtown Corner Market.  “He picked on small business from day one.  This man forced more business to leave a city than Katrina.  I moved my entire family from Detroit and was looking for another place to work.”

The infamous Democratic Mayor was not shy to share his dislike for small businesses in the city.  He often complained and organized attacks against convenient stores, gas stations, hardware stores, salons, and dollar retailers. 

“He upset and offended so many people.  He was arrogant and thought he was a lion.  Now he is a mouse.  When you are sel;fish and not humble, this is what happens,” says Nalou.   Kilpatrick will shamefully resign, serve 120 days in jail, and pay $1M restitution. 

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Jane Slaughter of Detroit Metro Times Critics New Sahara
By Mary Esho :: 84366 Views :: Article Rating :: Business & Finance, Opinion and Editorials

Michigan, USA - Often food of the ethnic variety is a cultured taste where so much is tied to familial memories and good times.  A whiff of a favorite dish can transcend you back to a fond experience.  Add to the memories a combination of authentic spices and learned taste buds and you have a native’s perspective of their own cuisine. 

However, to someone less adjusted to the culture, culinary experience, or learned taste buds you might find a completely different perspectives.  Jane Slaughter, food critic of Detroit Metro Times recently shared her insight of New Sahara located in Farmington Hills, Michigan.  This is what she had to say…

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