Contingencies are Our Business

At FedEx we pride yourself on both planning and execution. Since we operate in a worldwide arena, everyday we are forced to operate in some type of contingency situation. As a result, redundancy is a key to our success. Let me give you some examples:

Ponzi Scheme, Pyramid Scheme, Bubble, and the Importance of Endogenous Growth

There has been a lot of discussion in the media about Ponzi schemes.  In fact, some economists have been debating whether we were facing a system-wide Ponzi scheme as financial imbalances that rely on new investors (including those overseas) could not last forever. A scheme needs a schemer, but this, of course, is not the case for the financial system at a macro level.  If we look at practices at a micro level, including the situation in the housing market, fraudulent practices and schemers did exist.

FedEx is Proud to Support our Troops

Our major support of our troops stands with the USO.  FedEx donated shipping of the USO care package programs to provide support to our troops deployed to the Persian Gulf and the wounded returning to Germany and the United States for treatment.  The packages are sent to more than 120 centers around the world, providing free e-mail and internet access, internatonal phone cards, libraries and travel assistance.  USO affiliates in the United States provide support to service members as well as their families left behind.  Additional in-kind support is provided to transport the entertainment t

Afghans for Afghans

FedEx Express provides ongoing donated shipping to Afghans for Afghans project based in San Francsico.  Following is a response to a recent shipment:

Why Trade?

If you’re like me, you have a long shopping list this holiday season.  But have you ever stopped to think where the products you purchase come from? Chances are, those flowers you ordered online came from flower farms in Latin America.  The hand-crafted bracelet you bought in a department store could have come from Bali or even India. This is not just a sign of the times.  Over the past three centuries, the levels of access people have had to goods, services and even each other has risen dramatically.