Alex’s Notes: It is interesting to watch history repeat itself. What we are witnessing has happened before.

Unfortunately, desperate attempts may temorarily fix the problem, but long term its is just a bandaid.

All paper currencies that are backed by nothing end up failing, because they are backed by nothing. There is no real value behind them.

A currency MUST be linked to something of value for it to retain value. Otherwise, its just another measure that will constantly devalue over time.

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In Detroit, three downtown businesses have created a local currency, or scrip, to keep dollars earned locally in the community.

By Marisol Bello, USA TODAY

A small but growing number of cash-strapped communities are printing their own money.

Borrowing from a Depression-era idea, they are aiming to help consumers make ends meet and support struggling local businesses.

The systems generally work like this: Businesses and individuals form a

Alex’s Notes: It is interesting to watch history repeat itself. What we are witnessing has happened before.

Unfortunately, desperate attempts may temorarily fix the problem, but long term its is just a bandaid.

All paper currencies that are backed by nothing end up failing, because they are backed by nothing. There is no real value behind them.

A currency MUST be linked to something of value for it to retain value. Otherwise, its just another measure that will constantly devalue over time.

***************************

In Detroit, three downtown businesses have created a local currency, or scrip, to keep dollars earned locally in the community.

By Marisol Bello, USA TODAY

A small but growing number of cash-strapped communities are printing their own money.

Borrowing from a Depression-era idea, they are aiming to help consumers make ends meet and support struggling local businesses.

The systems generally work like this: Businesses and individuals form a

Performance Health Technologies, an innovative leader in developing and marketing exercise and rehabilitation products, recently announced the appointment of Tommy Harris to the board of directors.

“PHT’s Core:Tx® rehabilitation system is an impressive combination of technological innovation, clinical knowledge and understanding of patient needs,” commented Harris. “I am excited about the company’s potential and pleased to contribute to their continued growth.”

Harris brings to the board a solid educational background and almost 40 years of experience in business development, operations, and finance. He earned a Bachelor of Science degree in Accounting from Southern Illinois University and a Masters of Business Administration from Long Island University. He achieved CPA certification and is currently a member of both the American Institute of Certified Public Accountants and the New York State Society of Certified Public Accountants.

Harris currently serves as the Chief Financial Officer (CFO) at Vigilant Solutions, LLC,

Zix Corporation (NASDAQ: ZIKI) announces its new executive appointment, Susan K. Conner as chief financial officer. Conner moves into her new role from CFO and executive vice president positions at Pegasus Solutions, Inc., a company that provides reservation and hotel marketing services.

“I am pleased to announce Susan’s appointment to our leadership team. The broad range of skills that she brings to the company fits with our overall plan to position the company for future growth and success,” said Rick Spurr, Zix Corp CEO. “Her experience in the technology services industry will enhance her ability to quickly become an effective member of our leadership team.”

Conner replaces Barry Wilson, who has served as the company’s acting CFO and treasurer since Nov. 2006. Wilson will remain with the company as vice president of accounting & finance, and as treasurer.

Conner has also previously worked at PricewaterhouseCoopers LLP. She is a member of Financial

Market action in the past couple of weeks has probably caused many investors to begin thinking about selling some securities to “harvest” losses for tax purposes.

Those who wish to maintain their market exposure and asset allocations after the sale, and still benefit from the tax losses, must comply with the “wash sale” rule.