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Fred Leeb
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Blog Entries by Fred Leeb

Who Cares About Nonprofit Finances? The Top 12 Reasons Why the Most Vulnerable Are at Risk

(0) Comments | Posted September 12, 2012 | 4:46 PM

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Who is Responsible to Ensure that Nonprofits Operate Most Efficiently?

Everyone and no one. While the great majority of people in the nonprofit world are good people, this doesn't necessarily mean that the financial system is functioning most effectively. When everyone and no...

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Nonprofits Are Now Too Critical to Fail

(8) Comments | Posted July 8, 2012 | 9:54 AM

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In 2010, 46.2 million people were in poverty according to the U.S. Census Bureau. Of those, 15.7 million or 22 percent of the children under 18 were in poverty. The total number of people in poverty had worsened significantly in 2010...

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China's Great Wall Is Crumbling Again: Don't Rely on China to Prop Up the World

(2) Comments | Posted June 13, 2012 | 2:05 PM

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China has 60 million empty apartments


The world's economic recession has breached the great wall of China again. In 2008, China had a $600 billion stimulus program. On June 7, 2012, another domino fell when China had to cut its interest...

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Detroit: What Else Besides Butting Heads?

(2) Comments | Posted March 16, 2012 | 11:40 AM

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Detroit in the Eye of the Storm. Image courtesy NASA/JPL-Caltech.

We understand that drastic cuts in Detroit's personnel costs are needed now to buy time and regain financial solvency. This post, however, discusses how creative solutions could be used to implement some of the...

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Detroit Must Take Advantage of Being the Nation's Poster Child

(3) Comments | Posted January 13, 2012 | 2:18 PM

Fundamental Structural Changes Needed -- No More Band-Aids

Yes, Detroit must make huge reductions in expense, operate more efficiently, work cooperatively with its neighboring communities, sell off assets and borrow additional amounts wisely, but all of these actions are mainly for the short run and are likely to be...

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Detroit's Old Games Are Over

(15) Comments | Posted December 29, 2011 | 2:11 PM

Those of us in the turnaround world have been waiting for decades for the City of Detroit to be in its current dismal financial condition with no easy way out. This is called "hitting the wall" when there is no cash available any longer to continue business as usual. We...

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Detroit Can Be Great Again

(3) Comments | Posted December 14, 2011 | 2:31 PM

I was the first emergency financial manager in Pontiac from March 19, 2009 through June 30, 2010 and I believe my experiences could be very applicable to Detroit. I know that, even though I have been a turnaround consultant for over 20 years, I learned a tremendous amount from actually...

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