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What We Can Learn: An Excerpt from Were You Born on the Wrong Continent? -- In These Times →
Americans may believe the United States is set up for the middle class, and Europe is set up for the bourgeois. Or let’s put it this way: America is a great place to buy kitty litter at Wal-Mart and relatively cheap gas. But it is not designed for me, a professional without a lot of money. That’s who Europe is for: people like me.
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Should the Pirates spend money to win ballgames? - By Phil Birnbaum - Slate Magazine →
According to a set of confidential documents published on Deadspin this week, Major League Baseball’s most hapless team—the Pittsburgh Pirates—had a net income of close to $30 million in 2007 and 2008 despite fielding teams that lost 54 more games than they won. As the AP reported on Sunday, “Losing has been profitable” for Pittsburgh.
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Practical Traveler - For Americans, Plastic Buys Less Abroad - NYTimes.com →
Here’s an article about the problems using U.S.-issued credit cards—that lack “smart” chips—in Europe.
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Fareed Zakaria - Obama's CEO problem -- and ours →
The Federal Reserve recently reported that America’s 500 largest nonfinancial companies have accumulated an astonishing $1.8 trillion of cash on their balance sheets. By any calculation (for example, as a percentage of assets), this is higher than it has been in almost half a century. Yet most corporations are not spending this money on new plants, equipment or workers.
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How to Make an American Job Before It's Too Late: Andy Grove - Bloomberg →
How do we turn such Asian experience into intelligent action here and now? Long term, we need a job-centric economic theory — and job-centric political leadership — to guide our plans and actions. In the meantime, consider some basic thoughts from a onetime factory guy.
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