“Rockets and feathers” is economists’ name for how prices change in some less-than-competitive markets. When companies’ input costs go up for some reason, the prices they charge their customers go up like a rocket. When their input costs go back dow
greenspin Boeing Made a Change to Its Corporate Culture Decades Ago. Now It’s Paying the Price.
2024-10-09We often use the word “iconic” to describe companies such as Xerox, U.S. Steel and General Electric when we really mean “no longer great.” And Boeing no longer is. That company’s already turbulent reputation suffered another jolt this month when a d
Waving the flag as he heads into election season, President Biden is opposing the acquisition of U.S. Steel, a once-great steel maker headquartered in Pittsburgh, by a bigger and stronger Japanese company, Nippon Steel. “I told our steel workers I h
Descending to the depths of the ocean is part of my job as a deep-sea biologist. Traveling three miles below the sea surface never ceases to uplift me. I’ve seen strange and wonderful creaturesmonkaji, from anemones with seven-foot tentacles that bi
paradise8 How to Avoid Another Recession
2024-10-09Financial markets have suddenly begun to price in the risk of a U.S. recession. The SP 500 closed on Wednesday down almost 7 percent from one month ago, with nearly all of the decline concentrated in the past few days. Where should the Federal Reser
The funny thing about being a European during American presidential elections is the belief that you, too, should be allowed to vote. And can you blame us? Who gets to occupy the Oval Office is correctly seen by many in Europe as a decision of exist
Rolling into the Labor Day weekendfafa191, Donald Trump was able to relax a little on Friday night with a ballroom of smitten women in downtown Washington. He began the week with a controversy over Arlington National Cemetery and ended the week with
Legacy, no doubt, is on President Biden’s mind. Having given up on a second term, he must be thinking about how history will judge his four years as president. One area he should think hard about is his paltry record on clemencycasinoin, which plays
When Kamala Harris sat down for just the second major television interview of her campaign last week with the Philadelphia ABC affiliate, the anchor asked her to outline “one or two specific things” she would do to fulfill her pledge of “bringing do