Calvin Trillin explains.
James Kwak expands:
Technology firms also face a similar problem. In technology, as in most businesses, the way to make it to the top is through sales, so you end up with a situation where the CEO is a sales guy who has no understanding of [...]
Part of the why we are fucked series:
The next president will have to deal with yet another crippling legacy of George W. Bush: the economy. A Nobel laureate, Joseph E. Stiglitz, sees a generation-long struggle to recoup.
Chalmers Johnson is an author and professor emeritus of the University of California, San Diego. He is also president and co-founder of the Japan Policy Research Institute, an organization promoting public education about Japan and Asia. He has written numerous books including, most recently, three examinations of the consequences of American empire, Blowback, The Sorrows [...]
In the next few months, a financial crisis will arise somewhere in the world which will jolt the American economy and trigger a swift and precipitous decline in the value of the dollar.
There is nothing accidental about the crisis we’ll soon be facing. Officials at the Federal Reserve and the US Treasury are [...]
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