I spend some of my days at the office up at the white board designing, explaining, or simplifying problems with some of my fellow team members. It's a great exercise at the office, but when I come home from a long day, the last thing I want to see on TV is the UPS guy do more white boarding. I left the office not to come back to it. I don't care if the guy can draw straight lines and nice boxes... However, I came across some good white boarding videos explaining the credit crisis. These videos are mainly geared towards "Joe Six Pack" which is not a bad thing. I picked this up from a blog I frequent (Presentation Zen). These videos come by way American Public Media:
CDO's explained:Credit Crisis explained:
Understanding Credit Default Swaps:
Now, on to another great resource covering the crisis as it unfolds in simple laymen terms, the Globe and Mail. A fine Canadian newspaper that has a good stable of writers. I don't like people yelling at me like some other major financial networks, and the Globe and Mail does well to inform without screaming. You can find their coverage in one long update of Q&A. Albeit a Canadian bent to it, it's well written and covers the issues nicely. What's happening with DeVry?
It's the one shining light in the Ten Grand Chicago portfolio. The weak economy is playing to their favor. More layoffs may lead to a higher number of people heading back to school. An article published in the WSJ the other day brought to light some other challenges prospective high school graduates are facing with the credit crisis. Some families simply can't afford a 4-year private college program and electing to go to state institutions or 2-year community colleges in the mean time. Strayer, another for-profit University has taken off this past week. I'm not suprised by this action considering all the goods things they are executing on.
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