Leadership in Action: In Focus - Leader Values - It's Time to Reexamine Values

In Focus/Leader Values

It's Time to Reexamine Values

Pingping Fu and Jun Liu

The U.S. government's $700 billion bailout of the nation's financial system late in 2008 temporarily saved Wall Street but did not relieve the worries of millions of people on thousands of other streets in the United States. The economic crisis has also hit the rest of the world. One after another, governments in various countries have taken steps to help stabilize the financial markets. The economic crisis has caused hundreds of thousands of people to lose a large portion of their savings and their jobs and to lose their homes to foreclosure. NBC News in mid-October 2008 showed a tent city in Reno, Nevada, and reported that similar tent cities were going up in other ...