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Viewpoint: Elizabeth Dwoskin
feature From Bloomberg Businessweek: “It’s a hard-to-resist syllogism: Dirty jobs are available; Americans won’t fill them; thus, Americans are too soft...
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The dark art of tax dodging
feature It shows how desperately we need corporate tax reform when “even a company like P&G practices the dark tax-avoiding arts,” said Allan Sloan at Fortune.
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Viewpoint: James Surowiecki
feature From The New Yorker: “From the perspective of the economy as a whole, small companies are not the real drivers of growth. One can see this by looking...
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China confronts competition
feature The country’s “soaring wage rates” are causing companies to flee to places with cheaper labor, like Vietnam, Myanmar, and Cambodia, said Walter Russell Mead at The American Interest.
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Why we need the Volcker rule
feature To see why we need the Volcker rule, look no further than the Citigroup settlement last week for its “brazenly fraudulent” banking behavior, said James B. Stewart at The New York Times.
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David Stern misplays the NBA lockout
feature Stern has “made classic negotiation mistakes” in speaking for league owners, not so much in the terms he’s presenting “but in the way he’s presenting them,” Shelley DuBois at Fortune.
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Viewpoint: Matt Taibbi
feature From RollingStone.com: “You get busted for drugs in this country, and it turns out you can make yourself ineligible to receive food stamps. But you can be a serial fraud offender like Citigroup...
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Viewpoint: Ron Klain
feature From Bloomberg.com: “What protest groups on the Left and the Right share with less-activist middle-class Americans...
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The mighty shadow economy
feature The $10 trillion black market amounts to “an economic superpower” second in size only to the U.S., said Robert Neuwirth at ForeignPolicy.com.
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How supply chains hinge on Asia
feature For complex products like the iPhone, any disruption in the supply of a single, tiny component can wreak havoc on the whole “tangled chain,” said David Pilling at the Financial Times.
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Corzine’s downfall foretold
feature Corzine led Goldman into “its first major financial morass,” in 1998, overseeing trading positions that led to huge losses and delayed the firm’s IPO, said Charles Gasparino at TheDailyBeast.com.
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How risk could jump the Atlantic
feature Why would the Fed let such a thinly capitalized bank operate in the U.S. despite its “risk to the rest of the financial system?” asked Simon Johnson at Bloomberg.com.
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Welcome to the latest bubble
feature The wizards of Wall Street once created complex securities to bet on the housing market; now they’ve turned their magic to speculating on commodities, said Steven Pearlstein at The Washington Post.
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Banning banker bonuses
feature No one employed by a company that “would require a taxpayer-financed bailout if it failed” should ever get a bonus, period, said Nassim Nicholas Taleb at The New York Times.
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