So, what really caused the 2008 crisis: the failure of capitalism, socialism, too much regulation, too little regulation, Wall Street greed, fraud, corruption, cronyism, stupidity? Or all of the above?

Guest, Representative Jeb Hensarling comments,

“We suffered from dumb regulations and regulators, and Fannie Mae and Freddie Mac who practiced capitalism on the way up and socialism on the way down. All with the faith and backing and credit of the U.S. taxpayer. We had a whole set of policies that incented, cajoled, mandated, suggested, financial institutions loan money to people to buy homes they could not afford to keep.

We cannot intellectually make a case that there was any lack of regulatory authority to have prevented a crisis”.

Some 9 years after the financial crisis, the jury is still out on the causes of the crisis. As a result of previous financial debacles we asked for and got more regulations such as the Dodd Frank Act, which caused a slow recovery and actually suppressed financial activity.

Our experts agree that continuing to talk about the issues and causes are important to prevent a future crisis. Yet, without major changes in our systems, regulations and government policies we’ll continue to repeat the same mistakes.

Left to Right: Peter J. Wallison, George A. Selgin, PhD

Joining host, Dennis McCuistion, are:

  • Peter J. Wallison: Arthur F. Burns Fellow, Financial Policy Studies, American Enterprise Institute, member of the Financial Crisis Inquiry Commission and author of, Hidden in Plain Sight
  • George. A. Selgin, Ph.D: Director of the Cato Institute’s Center for Monetary and Financial Alternatives; Professor Emeritus of Economics at the University of Georgia,
  • and by prior taped interview, Representative Jeb Hensarling: (R TX) Chairman of the House Financial Services Committee.

Our experts talk about the subprime mortgage situation and how Fannie and Freddie were huge contributors in encouraging affordable housing by allowing 3% and 0% down for down payments. However, many, in fact a majority of mortgages on Fannie and Freddie’s books were weak and subprime.

Dennis with Audience Members

The Federal Reserve comes in for its share of responsibility or lack thereof. The Fed’s job, to assure the problem did not turn into a deeper issue, yet it botched that and taxpayers paid for it.

In September of 1999, Peter Wallison said, “If they [Fannie and Freddie] fail, the government will have to step up and bail them out the way it stepped up and bailed out the thrift industry.” Prescient?

In 2002, Congressman Barney Frank said, “I do not regard Fannie and Freddie as problems. I regard them as assets.” After the Freddie Mac accounting scandal, the Congressman then said, “I do not think we are facing any kind of crisis.”

As long as we continue and government continues to deny responsibility or fails to examine cause, these issues will persist.

Join us as we talk about things that matter… with people who care. And please don’t forget that for the last 28 years it is you, our viewer, who keeps us on the air.

The McCuistion Program, a 501 ( C ) ( 3 ) tax exempt organization does not receive any KERA pledge dollars, PBS funds or government grants, so thank you for your continued support. And special thanks to the Hatton B. Sutton Foundation.

Thanks for joining us,

Niki McCuistion
Co-Founder, Executive Producer, Producer
Business Consultant / Executive Coach, specializing in Organizational Culture Change, Governance and Strategic Planning
214-750-5157
www.nikimccuistion.com
nikin@nikimccuistion.com

Two years ago, Ross Ulbricht, “Dread Pirate Roberts, the creator of Silk Road, was sentenced to life in prison without parole for creating and running the Silk Road, a massive dark web drug market.

Since this program was taped, an appellate court denied an application from his legal team. Ross has received two life sentences without parole. This last weekend I interviewed Lyn Ulbricht, who is actively campaigning for a “fair” trial and his release and Terry Brock, CPAE, international management consultant and advocate of free enterprise, who spearheaded the highly successful Rossathon, which raised money for Ross’ defense.

Watch what they have to say…

Silk Road quickly became a financial phenomenon, supposedly earning $100 million in sales its first year. Ross believed that drugs sold legally can save lives.

Joining host Dennis McCuistion to talk about Ross, Silk Road and what led to a lifetime imprisonment sentence are:

Ross’ case some say will impact first and fourth amendment protection as well as Internet freedom and privacy. It brings attention to Block chain technology, as Bitcoin was used for purchases. And it focuses attention on the war on drugs and drug prohibition policies, which our experts claim has failed and failed miserably.

What is the truth behind Silk Road? Was it a marketplace for buying drugs safely, or is there more to this story? And how did a marketplace like this lead to its founder receiving such a harsh prison sentence?

Since our taping of this program, Ross’ appeal was lost. “Ross Ulbricht was sentenced to life in prison without the possibility of parole for his role in creating and running Silk Road’s billion-dollar, anonymous black market for drugs. Judge Katherine Forrest gave Ulbricht the most severe sentence possible, beyond what even the prosecution had explicitly requested.

The three-judge appellate panel nonetheless affirmed the decision of the lower court-albeit with notes of muted criticism of American drug laws.

“Reasonable people may and do disagree about the social utility of harsh sentences for the distribution of controlled substances, or even of criminal prohibition of their sale and use at all, “the appellate court’s opinion reads. “It is very possible that, at some future point, we will come to regard these policies as tragic mistakes and adopt less punitive and more effective methods of reducing the incidence and costs of drug use.”

“At this point in our history, however, the democratically-elected representatives of the people have opted for a policy of prohibition, backed by severe punishment,” the judges writes.

And once again we are honored to be underwritten by The Hatton W. Sumner’s Foundation, Inc.
The McCuistion Program, a 501 ( C ) ( 3 ) tax exempt organization does not receive any KERA pledge dollars, PBS funds or government grants. The funding which has kept us on the air for 28 years comes from grantors and viewers just like you. So thank you for your continued support.

Be sure to watch more McCuistion TV programs on our website www.McCuistionTV.com.

Thanks for joining us,

Niki McCuistion
Co-Founder, Executive Producer, Producer
Business Consultant / Executive Coach, specializing in Organizational Culture Change, Governance and Strategic Planning
214-750-5157
www.nikimccuistion.com
nikin@nikimccuistion.com

Many decisions made in a boardroom rely on relationships and diversity of opinions and experience, skill and style. Diversity today is more than diversity in gender and ethnicity.

Joining host Dennis McCuistion to talk about the critical role diversity and relationships play in good governance are:

  • Deborah L. DeHaas, Vice Chair and Chief Inclusion Officer, Managing Partner; Center for Board Effectiveness, Deloitte and
  • Billie Ida Williamson, Forrester and Company. Our expert’s state, an inclusive environment increases a board’s effectiveness.

Left to Right: Dennis McCuistion, Deborah L. DeHaas, and Billie Ida Williamson

Diversity is also about the asking of good questions. Yet, if everyone on a board looks the same, are of a certain age, have the same work/professional experience and education, the variety of answers needed for good decision making is missing.

With diverse experience, cultures, and industry knowledge people have different viewpoints from which to address what really matters regarding a company’s wellbeing. Age diversity is also a factor. The average director’s age at most big U.S. companies is 63 plus. With technology at the hub of most businesses generational diversity, having younger board members who understand technological change is critical.

Global economies need to be innovative, with constant thought applied to what the customer wants, what could disrupt the business, cyber security risks, competition; the list is endless. The business world today is especially fraught with change and uncertainty. Diversity contributes to overall good corporate governance, where the company has the people, processes, resources, and culture to enable a thoughtful, proactive focus on strategy, customers, operations, and risk and thus maximize the opportunity for all stakeholder groups.

And once again we are honored to be underwritten by The Hatton W. Sumner’s Foundation, Inc.
The McCuistion Program, a 501 ( C ) ( 3 ) tax exempt organization does not receive any KERA pledge dollars, PBS funds or government grants. The funding which has kept us on the air for 28 years comes from grantors and viewers just like you. So thank you for your continued support.

Be sure to watch more McCuistion TV programs on our website www.McCuistionTV.com.

Thanks for joining us,
Niki McCuistion
Co-Founder, Executive Producer, Producer
Business Consultant / Executive Coach, specializing in Organizational Culture Change, Governance and Strategic Planning
214-750-5157
www.nikimccuistion.com
nikin@nikimccuistion.com

***

2406 – 07.09.17

President Trump has called the media the enemy of the people, routinely castigates them, and has referred to the media as the “opposition party” to his administration.

The media has always been the whipping boy of the politician, this is not new. Journalists are supposed to ask questions, get answers from many different sources, and be the eyes and ears of the American people in their role as constitutional watchdog.

Joining host Dennis McCuistion are:

  • Dave Lieber: The Watchdog Investigative Columnist at the Dallas Morning News, and Contributor to National Society of Newspaper Columnists website where he wrote this article titled: We’re In Big Trouble
  • Mark Donald: Lecturer at the University of North Texas, Mayborn School of Journalism and former Managing Editor of the Dallas Observer
  • Ross Ramsey: Executive Editor of The Texas Tribune

A free press is a cornerstone of Democracy … giving voice to its citizens, enabling the open exchange of information and opinions among ordinary citizens, businesses, citizen associations, political parties, and governments. They inform policy debates in legislatures, investigate corruption, hold public officials accountable, enable democratic governance, and facilitate more effective development. Media’s job is not to predict the future but to report on fact.

First amendment privilege grants an accountability and media must continually be accurate and unbiased. With “news” everywhere, social media, and technology it is too easy to disseminate fake news. Technology may actually undermine our capacity to think, turning much of what we see and hear into irrelevance. What can we believe or not?

Join our experts for an insightful look into the ethics of journalism and decide for yourself: Is media today the enemy of the people or its spokesperson?

And once again we are honored to be underwritten by The Hatton W. Sumner’s Foundation, Inc.

The McCuistion Program, a 501 ( C ) ( 3 ) tax exempt organization does not receive any KERA pledge dollars, PBS funds or government grants. The funding which has kept us on the air for 28 years comes from grantors and viewers just like you. So thank you for your continued support.

Be sure to watch more McCuistion TV programs on our website www.McCuistionTV.com.

Thanks for joining us,
Niki McCuistion
Co-Founder, Executive Producer, Producer
Business Consultant / Executive Coach, specializing in Organizational Culture Change, Governance and Strategic Planning
214-750-5157
www.nikimccuistion.com
nikin@nikimccuistion.com

Why are so many people angered by and seemingly against globalization including our present administration?

Left to Right: Dennis McCuistion, Pia Orrenius, PhD, Matthew Rooney, and Niki McCuistion

Joining host, Dennis McCuistion, to discuss the pros and cons of globalization are:

  • Pia Orrenius, PhD: Vice President and Senior Economist, Federal Reserve, Dallas and
  • Matthew Rooney: Director of the Economic Growth program, George W. Bush Institute

Globalization, positive for many yet criticized just as often, is defined as a process of interaction among people, companies and governments of different nations. It is a process driven by international trade and investment and information technology. This process has affects on our environment, on culture, political systems, economic development, and prosperity as well as on human beings and societies around the world.

Mr. Rooney believes “we tend to focus on globalization being about trade, however it is much more complex. Globalization is about human nature. It has roots in that people are curious, communicative, they want to talk with people, want people next to them and want to see what’s over the hill”. He says, “to my mind that’s the mainspring of globalization”.

From Dr. Orrenius’ perspective, “Globalization is really about openness. It’s about sharing. It makes people and societies richer because they share resources, whether it be public health or technology or something more concrete like trade- exchange of goods or services and business investments across borders. When capital is able to seek its highest return, that’s when you get a more efficient allocation, you get more growth and more wealth”.

Yet globalization for some also inspires fear as there may be inherent risks and forces which might not be under their control, which comes with it. Globalization requires a balancing act. The emergence of countries like China and others impacts a rapid shift in the nature of the global economy and often our responses are sometimes less than adequate.

Tune in to the conversation about Brexit, immigration, and how globalization really works and the impact is has on each of us, for better and for worse.

 

And once again we are honored to be underwritten by The Hatton W. Sumner’s Foundation, Inc.
The McCuistion Program, a 501 ( C ) ( 3 ) tax exempt organization does not receive any KERA pledge dollars, PBS funds or government grants. The funding which has kept us on the air for 28 years comes from grantors and viewers just like you. So thank you for your continued support.

Be sure to watch more McCuistion TV programs on our website www.McCuistionTV.com.

Thanks for joining us,

Niki McCuistion
Co-Founder, Executive Producer, Producer
Business Consultant / Executive Coach, specializing in Organizational Culture Change, Governance and Strategic Planning
214-750-5157
www.nikimccuistion.com
nikin@nikimccuistion.com

***

2405 – 05.28.17

The Federal Reserve has had promoters and detractors since its inception in 1913. An arm of the government and nominally owned by the banks that belong to the system, it’s been blamed for the Great Depression, praised, and criticized for helping lessen the 2008 financial crisis. As America’s central bank its purpose is to conduct monetary policy, the pursuit of full employment and stable prices, to supervise and regulate banks, maintain the stability of the financial system and to provide services to government and financial institutions.

Left to Right: Dennis McCuistion, Danielle DiMartino Booth, and Niki McCuistion

How well has the Federal Reserve performed its role, and in today’s world does the Federal Reserve matter as it once may have?

Joining Host Dennis McCuistion, who himself is a former banker, well-versed in these issues is:

Danielle DiMartino Booth, author of the new bestseller, Fed Up… An Insider’s Take on Why the Federal Reserve is Bad for America. Ms. Booth quit her high-ranking Wall Street job after predicting the housing crash of 2008 and was recruited as an analyst at the Federal Reserve Bank of Dallas. Over the next nine years she and Richard Fisher, former President and CEO of Federal Reserve Bank of Dallas spoke up often about the dangers of some Fed policies.

To no avail, says Ms. Booth, “On a world rendered unsafe by banks that were too big to fail, we came to understand that the Fed was simply too big to fight”. According to Ms. Booth, decisions were made based on theoretical models, the results, easy money for the well off and keeping Wall Street thriving at the expense of the average middle class just getting by.

John Tamny, Forbes contributor, Senior Fellow in Economics and author of Who Needs the Fed? also joins us. He states, “The Fed is an offense to common sense; economists who think that growth causes inflation!”He believes that prosperity can be achieved through Federal Reserve fine-tuning; however, as to its being powerful, there he differs.

Join two power houses on the issue of the Federal Reserve, its relevancy today, Alan Greenspan’s “influence” on the housing bubble, the impact the Federal Reserve has on the economy, and how this all affects you.

The McCuistion Program, a 501 ( C ) ( 3 ) tax exempt organization does not receive any KERA pledge dollars, PBS funds or government grants, so thank you for your continued support.

Thanks for joining us,

Niki McCuistion
Co-Founder, Executive Producer, Producer
Business Consultant / Executive Coach, specializing in Organizational Culture Change, Governance and Strategic Planning
214-750-5157
www.nikimccuistion.com
nikin@nikimccuistion.com

***

2401 – 05.21.2017

Ethics, as defined by Merriam-Webster is “the discipline dealing with what is good and bad and with moral duty and obligation… the principles of conduct governing an individual or a group.”

  • Our experts, Marianne Jennings, J.D.: Professor Emeritus Arizona State University Ethical and Legal Studies, author of The Seven Signs of Ethical Collapse; commended as a top 100 thought leader on ethics and one of the most influential people in ethics by Ethics Magazine, and
  • Richard Ebeling, PhD: Distinguished Professor of Ethics and Free Enterprise Leadership at the Citadel, former President of the Foundation for Economic Education and V. P. Future of Freedom Foundation;

agree that ethics make for good business, yet too many businesses today do not base their business dealings on sound ethical behaviors. The glaring lack of ethics and egregious codes of conduct in more than a few financial institutions was a critical factor in the 2008 financial crisis and the subsequent bailouts cost taxpayers billions.

And recent headlines of some of our major institutions, from Wells Fargo onward, show that ethics is still missing from their playbooks.

Left to Right: Richard Ebeling, PhD and Marianne Jennings, J.D.

Most companies do not take the necessary steps to create a culture of ethics that governs their decision making. Companies claim to know what they are supposed to do. Most have written codes of ethics, classes and employee training in the subject matter, yet there is a huge gap between what should be and what actually happens.

Employees comment that the codes of ethical conduct set by their companies have little impact on their making ethically correct choices. What does, it is the examples set by leadership and the actual culture followed in a company that influences their actions.

So how do you take ethics from theory to practice?

Professor Jennings and Dr. Ebeling join host, Dennis McCuistion, to discuss how the lack of transparency and ethics in banks and corporations contributed to the financial crisis and what must be done to instill an ethical culture to prevent another 2008 debacle.

All agree, if there are regulations, rules and money to be made, chances are people will find loopholes. Something can be legal but not ethical. The model in some financial institutions was quantity not quality, make money… Business has a choice. Unfortunately, too many banks looked for loopholes, rewarded greed, and violated moral codes.

Left to Right: Richard Bowen

Left to Right: Richard M. Bowen, Cary Maguire, and Niki McCuistion

The program also features a short interview on ethics with Cary Maguire (Cary M. Maguire Center for Ethics and Public Responsibility at SMU), who funded the National Center for Policy Analysis’ Financial Crisis Initiative. Mr. Maguire was recently honored with the inaugural “Cary M. Maguire Spirit of Ethics” award presented by The Greater Dallas Business Ethics Awards. This is a new level of recognition to a company that demonstrates and champions above-and-beyond ethical practices.

Talking about things that matter… with people who care. And please don’t forget that for the last 25 years it is you, our viewer, who keeps us on the air.

The McCuistion Program, a 501 ( C ) ( 3 ) tax exempt organization does not receive any KERA pledge dollars, PBS funds or government grants, so thank you for your continued support.

Thanks for joining us,

Niki McCuistion
Co-Founder, Executive Producer, Producer
Business Consultant / Executive Coach, specializing in Organizational Culture Change, Governance and Strategic Planning
214-750-5157
www.nikimccuistion.com
nikin@nikimccuistion.com

Did Dodd-Frank set up a tyranny in our financial system?

The failure of Lehman Brothers, Goldman Sachs, Fannie Mae and Freddie Mac caused an outcry for due process, rule of law, regulation and reform. And while the intention was to revitalize the American economy, the reverse has occurred. The 19,000 pages of regulations, $35 billion of economic impact and 72 million hours of paperwork may not have worked as intended.
Hundreds of rules later, no one is really sure about any regulation’s effectiveness. And the government is looking for ways to dismantle Dodd-Frank. President Trump has said Dodd-Frank rulings aren’t working and are making legitimate investing activity more difficult than it should be….” These regulations enshrine too big to fail and encourage risky behavior.”

Left to Right: George A. Selgin, PhD, William K. Black and C.K. Lee

Joining Host, Dennis McCuistion, are:

Our guests state that some regulations have actually caused risk, helped the big banks become bigger, small banks fewer with many closing their doors as a result because of the crippling. A Harvard University working paper released in early 2015, argues Dodd-Frank is the culprit contributing to fewer community banks.

George A. Selgin, PhD with audience members , Gerald Reihsen and FRTV Board Member, Gary Short

Regulations were supposed to unleash the market, yet we are at 2% economic growth, compared to a historic 3.5% growth. The average family has stagnant paychecks, has lost savings, have less access to credit, and we’re losing a community financial institution a day because of the volume and complexity of Dodd-Frank and other regulatory overkill.

Are we politically allocating capital in our economy? Can the Financial Protection Agency be fair regarding products it deems abusive or is it arbitrary and are we giving the so called protective agencies too much power?
While this is not a good news program, tune in to see what the experts predict. It impacts you.
Talking about things that matter… with people who care. And please don’t forget that for the last 25 years it is you, our viewer, who keeps us on the air.
The McCuistion Program, a 501 ( C ) ( 3 ) tax exempt organization does not receive any KERA pledge dollars, PBS funds or government grants, so thank you for your continued support.

Thanks for joining us,

Niki McCuistion
Co-Founder, Executive Producer, Producer
Business Consultant / Executive Coach, specializing in Organizational Culture Change, Governance and Strategic Planning
214-750-5157
www.nikimccuistion.com
nikin@nikimccuistion.com

***

2312 – 08.07.2016 (original airing date)

The Platinum Rule: Communicating to Succeed with special guest, Tony Alessandra, PhD, CSP, CPAE and author of The Platinum Rule.

L to R: Dennis McCuistion, Niki McCuistion, & Tony Alessandra, PhD

Whether it’s to collaborate, innovate, be understood, negotiate, and/or just get along with others, effective communication skills are key. Schools teach the “3 r’s” and give communication short shrift.

In the world of technology and 24/7 contact, we spend about 85 percent of each day communicating in one form or another. It’s in our best interests to be darn good at such a necessary business and social skill. Yet we seldom concentrate on how our partner/associates, friends and neighbors want to be communicated with.

If you’ve ever wondered why it’s so easy to talk to some people, why you have an instant rapport with some and not others, the answer might be you’re not communicating with people on their wavelength.
According to our guest, we too often treat people according to the Golden Rule: “do unto others the way you’d have them do unto you”.
A solid maxim, yet one that often backfires. We are not all the same, nor do we want the same things. Thus, Tony’s Platinum Rule, “do unto others as they would like to be done unto,” reframes communication.

Tony’s communication advice can help one solve conflict, build more effective teams and foster stronger relationships. Join us to learn more about communication skills, how we are similar and different, and how we can use the Platinum Rule to build relationships, personally and professionally.

This is one program you won’t want to miss if you do indeed want to foster stronger relationships.
P.S.

According to research we can differentiate various styles of communicating into four quadrants:

The Director, Socializer, Relator and Thinker:
  • Directors tend to be more forceful and up front and want people to get to the bottom line. They like being in charge.
  • Socializers want to be center stage. They excel at conversation- sometimes too much so.
  • Relators are about relationships, slow to warm up, and loyal. They like a relaxed pace.
  • Thinkers are analytical, precise and like data- neatly presented.
We are a combination of all of these styles, yet we have a primary preference, and if we are going to be more effective in getting results, the Platinum Rule counsels us to communicate to that person’s preference. Easier said than done- as a Director myself- as is Dennis, the host of McCuistion, our style is sometimes too direct!

Tune in Sunday to hear the experts on this issue.

The McCuistion Program, a 501 ( C ) ( 3 ) tax exempt organization does not receive any KERA pledge dollars, PBS funds or government grants, so thank you for your continued support.

Thanks for joining us,

Niki McCuistion
Co-Founder, Executive Producer, Producer
Business Consultant / Executive Coach, specializing in Organizational Culture Change, Governance and Strategic Planning
214-750-5157
www.nikimccuistion.com
nikin@nikimccuistion.com

 

In the United States, the official poverty rate is 13.5 percent (U.S. Census Bureau 2015). The 2015 studies show an estimated 43.1 million Americans lived in poverty, a rate of 14.3 percent of the population. While the percentage of Americans in poverty fell from 15 percent in 2012, the biggest such decline since the year 2000 poverty is still an issue.

Left to Right (on platform): Timothy Bray, PhD and Brad Lips, PhD

Global Poverty Studies

Globally, based on a poverty line of $1.90 a day, World Bank projections suggest global poverty may have reached 700 million, or 9.6 percent of global population, in 2015. Globally, 1.2 billion people (22 percent) live on less than $1.25 a day.

Joining us on McCuistion to explore the solutions to global poverty:

Brad Lips says, “Should we be focused on the causes of poverty or should we reframe our thinking to use free enterprise to get obstacles out of the way so that people can create wealth which is the lasting way to alleviate poverty”? Atlas Network has a partnership with 460 organizations in 98 countries, one third of which are in the U.S.

Tim Bray, on Mayor Rawlings task force on poverty says, “Quality of life issues need to be examined- that prevent access to better employment, education and health care”.

And Robert Rector asks that we consider that “in calculating poverty the census ignores almost all the entire welfare state.” The census defines a family of four as poor if its income falls below a specified point- $24,036, yet does not count welfare benefits.

Can we alleviate global poverty? Yes. However, can we resolve the issue of global poverty once and for all?

Tune in Sunday to hear the experts on this issue.

The McCuistion Program, a 501 ( C ) ( 3 ) tax exempt organization does not receive any KERA pledge dollars, PBS funds or government grants, so thank you for your continued support.

Thanks for joining us,

Niki McCuistion
Co-Founder, Executive Producer, Producer
Business Consultant / Executive Coach, specializing in Organizational Culture Change, Governance and Strategic Planning
214-750-5157
www.nikimccuistion.com
nikin@nikimccuistion.com

***

04.23.2017 – 2324