Articles

"Trust But Verify"

BUSINESS TIPS FROM THE EDITOR

April 2026

Richard T. Hendee, Editor
The Silver Fox Advisor

                          “Trust But Verify"

“Trust But Verify” began as an often-used phrase on the world political stage in the 1980’s and I think it could become a phrase that gains momentum in the business world in the near future. There are many business leaders today whose eyes glaze over when they look at their company’s financial statements, mainly because they do not have financial backgrounds, so they depend on their internal CFO, Controller or financial accounting team to print the financial statements off the “Quick Books-System” and think “well they must be right” and don’t ask questions or make inquiries as to “what the numbers actually mean”?

Then, one dark and stormy night, as they are reading their mail, they open a letter stating that a supplier is putting them on a cash basis or their bank has frozen their line of credit. Or, what about the notice from the IRS that their withholding taxes haven’t been paid and the IRS is putting liens on the company’s bank accounts and assets? Notices like that will get any business owner’s attention. Then, it becomes a mad scramble to figure out “what is going on”?

I am certainly not implying that any business’s CFO, Controller, or accounting team is stealing company funds and covering up some massive scandal, but they simply may not want to be the bearer of bad news and don’t want to report that sharks are in the water. Or they also may not be experienced enough to spot some of the early warning signs that the wheels on the bus are wobbling and need tightening. 

Before you get surprised by the financial juggernaut, maybe you should engage an outside financial advisor or consultant to perform a financial assessment on your business’s finances and procedures and get an early diagnosis before it becomes financially terminal! 

If you want to sleep better at night knowing your business’s financials and processes are in order, seek help or assistance from one of our professional Silver Fox Advisors who can provide guidance or a directional change for your business’s financial position. We encourage you to visit our Website at www.silverfox.org.  There, you can learn more about our great programs and community outreach endeavors, or about selecting a Silver Fox Advisor whom you can engage, or perhaps about even becoming a member yourself.

An Update on Job Losses in the US due to AI

An Update on Job Losses in the US due to AI

Antonio Szabo
A Silver Fox Advisor

The Empire Strikes back.

In the original article a year ago we referenced a consulting firm’s opinion:

“According to recent projections by researchers Forrester, within the next one to three years, AI could potentially lead to the loss of around 2.4 million jobs in the US.”

Many developments took place since then. Including that the companies that sell AI software decided to intervene in the “opinion forming” activities. 

One of the grand conclusions on this matter clearly shows this fact:

“AI is reshaping U.S. labor markets quickly but, so far, it looks more like a force for rapid job reconfiguration and modest displacement than a mass-unemployment event, with impacts heavily concentrated in specific occupations and career stages.”

A new cuantificación of job losses is also available:

AI is reshaping U.S. labor markets quickly but, so far, it looks more like a force for rapid job reconfiguration and modest displacement than a mass-unemployment event, with impacts heavily concentrated in specific occupations and career stages. Estimates for 2025 place AI-linked job losses or foregone hires in the range of about 200,000–355,000 jobs, roughly 0.13–0.20% of U.S. nonfarm employment, meaning the aggregate hit remains small in percentage terms. A significant drop from the Forrester estimates from a year ago.

Furthermore, a reasonable current view is that, absent stronger guardrails and large-scale upskilling, the main risk is not immediate mass unemployment but a widening gap between adaptable, higher-skill workers who capture AI-driven productivity gains and more vulnerable workers—especially those in routine roles and at the start of their careers—who face stalled mobility or long-term wage pressure