In the past decade, the flow of goods emerging from U.S. factories has risen by about a third. Factory employment has fallen by roughly the same fraction. The story of Standard Motor Products, a 92-year-old, family-run manufacturer based in Queens, sheds light on both phenomena. It’s a story of hustle, ingenuity, competitive success, and promise for America’s economy. It also illuminates why the jobs crisis will be so difficult to solve.
The Republican contender touts his business experience—but does it really matter?
A libertarian economist retracts a swipe at the left—after discovering that our political leanings leave us more biased than we think.
The world’s biggest corporation and the world’s most populous nation have launched a bold experiment in consumer behavior and environmental stewardship: to set green standards for 20,000 suppliers making several hundred thousand items sold to billions of shoppers worldwide. Will that effort take hold, or will it unravel in a recriminatory tangle of misguided expectations and broken promises?
Are members of Congress guilty of insider trading—and does it matter?
We won’t stop the rising tide of infections until we develop a new business model to fight them.
Human progress, to a large degree, has depended on the continual expansion of social networks, which enable faster sharing and shaping of ideas. And humanity’s greatest social innovation remains the city. As our cities grow larger, the synapses that connect them—people with exceptional social skills—are becoming ever more essential to economic growth.
Why the White House—and Washington—should miss departing economic adviser Austan Goolsbee
The Great Recession has accelerated the hollowing-out of the American middle class. And it has illuminated the widening divide between most of America and the super-rich. Both developments herald grave consequences. Here is how we can bridge the gap between us.
How Netflix became America’s biggest video service—much to the astonishment of media executives and investors
Why the man who runs the world's largest mutual fund sold all his Treasury bonds
Does great wealth bring fulfillment? An ambitious study by Boston College suggests not. For the first time, researchers prompted the very rich—people with fortunes in excess of $25 million—to speak candidly about their lives. The result is a surprising litany of anxieties: their sense of isolation, their worries about work and love, and most of all, their fears for their children.
Two of Wall Street's savviest value investors, Bruce Berkowitz and David Einhorn, pride themselves on their rigorous analysis. Now they're locked in a scorched-earth dispute over the value of some Florida real estate. How could they look at the same facts and reach such wildly different conclusions, and what does that say about the “value” of value investing?
Since 1980, income inequality has fractured the nation.
How the U.S. invasion made Iraq’s economy worse, not better
Deep in debt, most governors will have to either raise taxes or cut spending— exactly what not to do when recovering from a recession.
How barcodes and touch screens are resuscitating a casket factory
Information technology is on the brink of revolutionizing health care— if physicians will only let it.
In lean times, why is $300 billion worth of government treasure simply sitting in vaults?
Buyers remain wary, and Washington is unlikely to recover all its bailout cash. But the colossus has slashed costs and spiffed up its cars—and is rejoining the global race.
Self-absorbed, self-indulged, and self-loathing, the Baby Boom generation at last has the chance to step out of the so-called Greatest Generation’s historical shadow. Boomers may not have the opportunity to save the world, as their predecessors did, but they can still redeem themselves by saving the American economy from the fiscal mess that they, and their fathers and mothers, are leaving behind.
Some small businesses are struggling to get credit, but that’s the least of their problems. Those that survive the recession will be stronger for it and lead the economy’s recovery.
Why the market’s rate of return—and your nest egg—may never recover
In today’s exchanges, strong programs prey on weak ones, humans are hard to find, and the SEC struggles to keep up.