US ‘creative destruction’ out of steam
In 2008, that business died too, after the market became fully electronic. But today, the Minneapolis exchange is far from dead; this year, its floor was taken over by CoCo, which lets out space to freelancers and small businesses. Among the ghosts of 19th century farmers, there are new companies catering to mobile advertising, iPad apps, business-to-business online networking, and other niches that the old grain traders never imagined.
Can America regain most dynamic labour market mantle?
By Edward Luce
Last week, Barack Obama went to Osawatomie,
Kansas, to kick off a more populist phase in his 2012 re-election bid.
“This is a make-or-break moment for the middle class,” declared the US
president, who chose the same venue that Teddy Roosevelt used in 1910 to
call for a new progressive era. “I believe that this country succeeds
when everyone gets a fair shot.”
In Part One of the series examining the US jobs crisis, Edward Luce says that fears persist it cannot be fixed
The risk of a Syrian massacre. by Gideon Rachman
I wonder whether that may be too optimistic?
The reports from Syria are certainly alarming. Refugees flooding across the Turkish border. And the citizens of the rebellious town of Jisr al-Shugour, bracing themselves for a full-scale assault by the army.
I think the idea that the Syrian army could not simply kill thousands of their fellow citizens was based on two assumptions – or, perhaps, hopes. First, that in the internet age, it would be impossible to carry out bloody repression on this scale, without immediately provoking a paralysing international outcry. Second, that the development of the international doctrine of a “responsibility to protect” brutalised civilians – even within the boundaries of a sovereign state – would make Assad junior stay his hand.
The reports from Syria are certainly alarming. Refugees flooding across the Turkish border. And the citizens of the rebellious town of Jisr al-Shugour, bracing themselves for a full-scale assault by the army.
I think the idea that the Syrian army could not simply kill thousands of their fellow citizens was based on two assumptions – or, perhaps, hopes. First, that in the internet age, it would be impossible to carry out bloody repression on this scale, without immediately provoking a paralysing international outcry. Second, that the development of the international doctrine of a “responsibility to protect” brutalised civilians – even within the boundaries of a sovereign state – would make Assad junior stay his hand.
Keep taking the testosterone
High T: Lionel Bissoon (above) has seen a rise in demand for testosterone from Wall Street workers.
False dawns and public fury: the 1930s are not so far away
Obama Budget Again Skips Making Hard Choices
On Monday, President Obama is scheduled to release his
proposed budget for the coming year. If his past three budgets are any
indication, it is unlikely anyone outside of the White House will take
this budget seriously.
That's because past Obama budgets have been long on empty promises and short on real solutions. This president has consistently ignored Washington's crushing debt and passed the real costs on to future generations.
The administration has already signaled that this year's spending plan will offer more of the same: a budget that spends too much, borrows too much and taxes too much.
That's because past Obama budgets have been long on empty promises and short on real solutions. This president has consistently ignored Washington's crushing debt and passed the real costs on to future generations.
The administration has already signaled that this year's spending plan will offer more of the same: a budget that spends too much, borrows too much and taxes too much.
No comments:
Post a Comment