“Businesses located in places where success is the norm, and innovation is built into the ecology, have a better chance of fixing themselves. Intel almost bit the dust in the mid-1980s, but came back to greater glory. Like Kodak, it faced ruinous Japanese competition. Intel didn’t hesitate. It shed its memory-chip business and bet the ranch on microprocessors. That was a big bet and it was ruthless. Memory-chip factories were shuttered and people were laid off. That was, and is, easier to do in Silicon Valley, where the laid-off can more readily find new jobs, than in a small city like Rochester, whose population is now at 210,000 plus.”
Rich Karlgaard in The Wall Street Journal
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Issue of the week: Car dealers’ showdown with Teslafeature Tesla's direct-sale business model is coming under fire in New Jersey and many other states.
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Issue of the week: Has Washington defeated Wall Street?
feature The Dodd-Frank Act forced banks to sell off “many of their classic ‘Wall Street’ businesses. How are the banks doing?
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Issue of the week: Is 2014 the recovery year?
feature Economic forecasters generally think 2014 will “be a breakout year” for the U.S. economy.
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Issue of the week: Signs of a true recovery
feature Could the economy finally be back on track?
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Issue of the week: The economy’s new normal
feature Are we in “a permanent slump?”
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Issue of the week: When is inflation just right?
feature Though it has been battled in past decades, some economists believe a little inflation is good for a weak economy.
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Issue of the week: The rise of a part-time economy
feature The economy has created new jobs for the 34th month in a row, but most of them are low-paid and part-time.
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Issue of the week: A disappointing jobs report
feature The economy added just 88,000 jobs in March, less than half of Wall Street’s expectations.