Glick Report
  • December 19, 2008 01:12 PM EST by Alexis Glick

    Tough Times Make the Heart Grow Fonder

    This was written on Wednesday night at 11pm. Sorry it took me this long to post it.

    It's been too long since I last wrote. I don't know if I'm experiencing writer's block or if I'm too overwhelmed, but I am disappointed in myself and I apologize to you for falling short. I have this unrealistic fantasy that I can "do it all," but sometimes that's just wishful thinking.

    Over the past couple of weeks, some truly historic events have occured. The Federal Reserve Bank cut interest rates to an all-time low, made it clear that "quantitative easing" is the preferred choice to heal the credit markets, the Detroit three were denied the necessary funds to remain in business by members of the Senate, Goldman Sachs (GS) reported the first loss in the history of the company, hundreds of the best companies around the globe announced 5 to 10% workforce reductions and my baby Slate turned 2.

    While my job is to analyze the former, I am still digesting the latter. Just today, while traveling on business to Los Angeles, someone said to me, "You have three kids?" Yes, I replied, three boys. "Are you going to try for a girl?" My standard response... No, the shop is probably closed, but I like to leave the door open. For some reason, it's hard to say that I'm finished making babies. I always dreamed of having a big family. I've always welcomed chaos and, thankfully, I have it. Logan, Kyle and Slate have filled my heart in ways that I didn't know possible.

    On 9/11, I was seven months pregnant with my first son, Logan. I was working in Times Square at Morgan Stanley. My husband, a small business owner, worked downtown. When the first plane hit I was sitting on the trading desk with my friends and colleagues. We didn't know what to think. Was it an accident or something much worse? We came to realize it was something much worse.

    We were instructed to leave the building for fear that Times Square would be next, so I called my husband's office and we agreed that he would walk up Fifth Avenue and I would walk down and we would meet halfway. We had no idea at the time that our cell phones would not work.

    When I arrived back to our apartment on 10th Street and Fifth Avenue, I was a bit of a wreck. I was very pregnant, couldn't reach any of my family members and couldn't find my husband. After hours of scouring every corner looking for me and working his way up to Morgan Stanley's Times Square office and back, my husband found me at home. You can imagine the moment we connected.

    In those horrible days and then months following the attacks on 9/11 you could walk down the street in Manhattan, look someone in the eye and you knew what they were thinking. Our souls were transparent, our emotions at the edge of our sleeves and our resilience to rebuild became our life's passion.

    This afternoon, I was sitting at the airport in a small Mexican restaurant. I ordered a soup and burrito as I caught up on the phone with my husband, my parents and work. Sitting next to me was a young man writing in a journal. At the table a glass of water. I overheard him ask the waitress about an item on the menu and how much it would cost. At first, I didn't think much of it but then I heard a woman at the table on the other side of him, offer him her salad. She was sitting there with her husband and they were about to catch their flight. They struck up a conversation with one another and the young man accepted the food. I sat at the table somewhat paralyzed. Should I offer him what I had remaining? Would it be inappropriate? Was this a sign of the times? For hours after I left the restaurant I thought about that young man and what that couple did.

    When I arrived at the airport last night, I exited the plane and saw rows and rows of balloons at the gate across from me. Minutes later hundreds of people were standing at the gate applauding. I turned to a gentleman standing next to me and said, "Why is everyone clapping?" He replied, "This is a plane full of families who lost their loved ones overseas in Iraq." My heart sank, hearing the crowd cheer them on made me well up with tears. I was reminded of the sacrifices our military and their families make every day to keep us safe; to make sure that I don't walk down the road seven months pregnant again with the fear that I won't find my family.

    That young man needed help, those families deserved support and those people who stopped what they were doing were reminded. This holiday season will be difficult for so many families. Jobs have been lost, families are fighting to make ends meet, parents are being forced to make difficult choices and lives have been turned upside down. Businesses have shut down, belts have been tightened, stores have closed, charities have suffered but the resolve to make a difference hasn't changed.

    I remember watching a documentary on Paul Newman after he died earlier this year. What a brilliant philanthropist. A great actor, a great man but a brilliant philanthropist. Sometimes I get so angry at myself thinking why haven't I done something like that. I give money to many different charities that do wonderful things, but I can't help but feel that I am not doing enough. What moment will change that? What do I want to teach my children? When they look back on this moment in history what will I tell them that we did as a family to help those in need? When times were tough?

    I hope this holiday season that we never forget how blessed we are. That we make a difference in each others lives. That we change the life of one child, one adult or one family. That we lend a helping hand. That we stop in the street and acknowledge each other. That we forgo our pride and ask for help. That we remember how we felt when someone lifted our spirits. That we show our children why there is no better place to live when the going gets tough.

chuck

Alexis Happy New Year..my christmas present is coming in the mail next week. Loved your 9/11 experince. Very interesting and compelling. Here's a follow up report on Wilcox Cinemas the new startup I wrote over a month ago about. I had an oppertunity to go see two movies in the old mall cinema in Pemberton Mall. Well CEO did a fab job of making the old mall cinema high tech. Small High Def screens for you to see your movie and its show times. Not to memtion comfortable seats,fine digital sound and movie quality has appeared to be much better. I saw the film Marly and Me this afternoon and it was such a delight. Imagine the world worst labrador retreiver keeping your family together. I believe it's based on a true story. But it's nice to be in the cinema again. Next item of improvement: the old movies screens. But Wilcox looks promosing. Happy 2009 if you're expericing writer's block. here's some advice: read some books,mag articles that's how I write. Plus strong cup of coffee.

December 28, 2008 at 1:44 am

Jim

I'm a Viet Nam vet and was forced to live outside the US for the last 11 years because I could no longer afford to live in the US. How can a heart grow fonder for the US when the entire system is a no win situation for the tax payers, especially the small business persons and the veterans. I lost my VA hospital ID card and it took me a year of phone calls and finally a personal visit to get another. I was insured with Blue Cross, Blue Shield for years and had a cancer scare while visiting the Long Island, NY area. I went to three doctors and all refused to treat me because Blue Cross had a bad reputation, which was in violation of state law. Because of their contract with Blue Cross they would not accept cash, credit cards, PayPal, money orders, and cashier checks. Their only option was to refuse treatment. That really makes the heart grow fonder. I ended up in a Spanish clinic in the US for treatment. How can the heart grow fonder when you see the country you love destablize the world economy with greed and fraud. How can the heart grow fonder when insurance companies provide photo radar to the police so more tickets are issued for an excuse to drive up insurance premiums. It takes a cold heart to drop bombs on civilians year after year after year going back to World War I. Find me a web site now that recommends living in the U.S. You will not find one. The US is no place to live now. You will be happier elsewhere.

December 25, 2008 at 9:11 am

Mike

Bravo, Alexis. Well written, and well thought out entry. Happy Holidays to all!

December 23, 2008 at 9:45 pm

Jim from Denver

Good blog entry. In these times, it's good to think outside of my own little world. I can't solve everyone's problems, but it's important to be aware. It's the first step.

December 22, 2008 at 10:59 pm

kerrjac

Bill Gates has given $28 billion to charity, and the Henry Ford foundation has given $15 billion. Those figures pale in comparison to how much the personal computer & popularization of the car have advanced society. Not to sound cold, but the heart is easily warmed by short-term solutions.

December 19, 2008 at 10:00 pm

judy

Thank you Alexis for your wonderful thoughts. In the mess our country finds itself, it is the human person we can not lose sight of. Greed has led us where we are and to remedy that, we need to help each other, one person at a time. Remember too that the children are our future. Our country is sadly not open to life and another group asking for public funds is the prochoice people. They are going to ask our country to us our taxpayer funds to pay for the death of our future. We are already suffering from the millions who have been killed by abortion. The next administration is going to fund the death of our future. Obama has been with groups who are asking for money. Research that little enterprise to see how much it is going to cost. Heaven help us all.

December 19, 2008 at 8:28 pm

Max

Thank you for putting things in a nice perspective. For me, one of the hardest things is that when business gets this slow, it plays games with your mind, you can go crazy from not having enough to do. We always saved, prepared for a rainy day financially, but I never imagined the mind games that would come from an epic slow period. I guess I should study the '30s and see what people did back then to keep their sanity. I am still genuinely disturbed by the use of borrowed money, taken from the well being of future generations, to bail anyone out. This represents an unfortunate, selfish "me-first" attitude that somehow the well being of our generations is more important that the future well-being of our children.

December 19, 2008 at 5:41 pm

Dennis

Our Blessings are many, that is for sure. This year I almost lost my wife to Heart problems. Thanks to great Doctors and Methodist Hospital in Houston, she pulled through. Our only child and her daughter are well and live near us. Our retirement - investments - are holding, for the most part and we live in the most wonderful country in the world. The country is a bit nutty, from time to time, but with that comes another gift. At the risk of sounding trite, these tough times bring forth people like you Alexis. You are an expert in your field -- as everyone at FBN is -- but you also show the human side of not only the news but of yourself. We are lucky to have you and your organization. Also, let me quickly add, your husband, your sons and your whold family are VERY lucky. Have a wonderful Holiday with your family. Dennis Hartnett A fan from Montgomery, TX

December 19, 2008 at 3:38 pm

Dr Al

Here is an act of kindness for you. Last week, we were informed our medical clinic will be closing in 2 weeks, so none of use have jobs. However, we are still paying taxes so the autoworkers and Wall Street execs will keep their's. How could any hearts be fonder than ours.

December 19, 2008 at 2:40 pm

about this blog

  • Alexis Glick is an anchor for FOX Business Network. Prior to joining FOX, Glick served as a correspondent for the Today Show and co-anchored the third hour of that program. Before her stint at NBC News, she was the senior trading correspondent for CNBC and reported from the floor of the New York Stock Exchange.

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