From Greek Debt to UBER sticking around, this year’s a win so far.
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GREEK DEBT CRISISIf you’ve been following the Greek debt crisis for the past decade or so, you’ll understand the insanity of Greece’s debt situation. In sum, Greece owes a lot of folks a lot of money. They’ve been unable to repay these loans, so now they’re asking to borrow more money from those same lenders just so they can turn around and pay the interest payments on the previous debt. Doesn’t take a rocket scientist to see this is an unsustainable situation. A classic Ponzi scheme. Greece has finally reached a deal with its international creditors for this third bailout, which would provide up to 86 billion euros in exchange for strict terms and government austerity.

Greece is the focus right now, but they’re not alone – several weaker European countries, including Portugal, have been borrowing money from stronger European countries. Many of these smaller countries now fear rising interest rates, which would wreak even more havoc on their ability to repay this massive debt load.

A prolonged Greek debt crisis is likely to slow an already sluggish European economy, which in turn could hinder U.S. exports. About a fifth of American exports are to Europe, and many U.S. companies have already felt a strain to their earnings due to weaker sales and the strong dollar, a result partly of the European Central Bank’s pumping more money into the economy.

For more insight into this issue, click here.



We love Uber. This app is simple to use, puts “route tracking and control” in the hands of the consumer, provides directly billing (no cash or tipping needed), automated email receipts, and even an instant online user feedback/rating system. Oh, and it’s about 50% cheaper than taxis in most markets. Talk about disruptive technology. In just 3 short years, the old school “taxicab” industry has been devastated by this new player.

The question I always ask my Uber driver is “Did you used to drive a taxi?” Surprisingly, my informal survey reveals that about half of my Uber drivers are former taxi drivers. Hasn’t taken the drivers long to figure out where the consumers are going. And most of these drivers also say they much prefer working with Uber – greater flexibility, happier customers and no taxi unions, medallions or special vehicles to deal with.

There are a few cities that continue to protect the taxi industry monopoly, either by not allowing Uber in their market or restricting Uber drivers from airport pickups. This of course leads to higher prices and lower-quality service for the consumer. Chicago is one of these cities. On a recent trip to Chicago, I needed a driver to take me from O’Hare airport to Wisconsin – about a 2 hour drive. I was quoted $400-500 by my taxi driver. So instead, I had him take me about 5 minutes down the road to a convenience store. On the way there, using my Uber app in the backseat of the taxi, I summoned an Uber driver to meet me at that same convenience store. I paid the taxi driver $10 for the short drive and then hopped into the Uber vehicle, a late model SUV. The Uber vehicle was roomy, had leather seats and the driver even had a cold bottled water waiting for me in the back seat. The Uber trip cost me $180.

Companies like Uber are changing our economy and the way people work Check out this recent article on the impact companies like Uber are having on our increasingly “freelance” economy.



The Collins family recommends vacationing in the British Virgin Islands, where they spent time at the Baths International Park snorkeling in caves and taking in beautiful cliff and ocean views. ”We stayed in tree houses and walked along the rocky shores. It was a geological wonderland,” says Kelly.

Regional Market Manager

This month’s spotlight is on Kelly Collins, who has been Amerisource’s “Face of the Southeast” for over seven years. She is widely known for delivering cookies and kolaches to bankers and clients. But she is famous for her old school cellular flip phone. “I just can’t seem to let go of it. It still works!” Kelly explains.

Prior to Amerisource, Kelly had a career in commercial banking, beginning with the Commercial Loan Officer Development Program at NCNB (North Carolina National Bank, predecessor to Bank of America). After numerous years in banking, she moved into asset based lending, spending 18 years in credit and portfolio management at First Factors. She began her business development career when she took a sales position at Capital Factors, and she has worn the business development hat ever since.

Kelly is a loving wife, mother to two daughters and grandmother of three. She is proud to represent one of her daughters as a very active participant in the Autism Society. If you’ve met Kelly, you know she is always on the go. She enjoys running, hiking, sports and virtually anything outdoors. You can catch her and her husband boating on Lake Norman on the weekends.



Amerisource again sponsored the Walk for the Woods Project on April 11, 2015, a 5k journey through Houston’s historic East End. The route included “history stops” along a beautiful undeveloped area of Buffalo Bayou, where walkers could stop and learn a bit about this historic area.

Not only was the walk a fun and unique experience, it is also the flagship fundraising event for The Woods Project, a wilderness and exploration program created to help develop and foster critical behaviors and skills for disadvantaged students, to help them achieve success in school and life.

“This was a great cause to help children in the Houston community,” said Tori Loucks, Amerisource team member. “The day was exciting from start to finish and ended with live music, games and food trucks!”

This was the third year that Amerisource sponsored Walk for the Woods. The event raised over $200,000 and will benefit over 750 students in need. Thank you to all the team members who came out to participate in the event!


Amerisource was proud to sponsor this great event again at Minute Maid Park. This one-of-a kind picnic started Sunday afternoon, immediately after the June 14 game versus the Mariners. Held on the field, the picnic included food from dozens of iconic Houston restaurants, while Houston Astros players mingled with the fans.

“It was awesome to be on the field with our Houston Astros and to meet so many players,” said Raven Burleson, Amerisource Operations Specialist, “And it’s a good feeling knowing you’re helping this great cause to improve the lives of kids all around Houston.”

Proceeds of this fundraiser benefited the Astros Foundation’s Cornerstone youth baseball and softball programs of the Greater Houston area. The foundation seeks to harness the passion of baseball fans to support programs serving at-risk children and teens.


As a continuing sponsor, we sent our BBQ cooking team out to this annual cook-off benefitting Ronald McDonald House Houston. What better way to spend a Saturday evening in May than enjoying Texas’ favorite country music bands and award winning BBQ? The event was held at the Houston Farm & Ranch Club and featured over 20 BBQ cooking teams.

Over 1,000 attendees enjoyed the food and performances by Brandon Rhyder and Hayes Carll. Now in its eighth year, Bands Brews & BBQ has raised over $380,000 for Ronald McDonald House Houston.

Ronald McDonald House Houston offers a home away from home providing care, compassion and hope to families with seriously ill children being treated in Texas Medical Center member institutions.


THE RISE SCHOOL OF HOUSTON, the city’s first and only school dedicated to early education of infants, toddlers and pre-school children born with Down syndrome and other developmental disabilities in an integrated environment.

ST. BALDRICK’S FOUNDATION, a volunteer-powered charity dedicated to raising money for lifesaving childhood cancer research and funds more in childhood cancer grants than any organization except for the U.S. government.

MULTIPLE SCLEROSIS FOUNDATION – MS 150 RIDE, a two-day fundraising bike ride organized by the National MS Society South Central Region and the largest of the 100 Bike MS events in the United States with 13,000 cyclists and 3,500 volunteers.


When a Federal Reserve Bank branch receives a cash deposit from a bank, it checks the individual notes to determine whether they are fit for future circulation. About one-third of the notes that the Fed receives are not fit, and the Fed destroys them.

The Federal Reserve orders new currency from the Bureau of Engraving and Printing, which produces the appropriate denominations and ships them directly to the Reserve Banks.