An intriguing paradox of the 1990s is that it isn't called a decade of greed. |
Asia's governments come in two broad varieties: young, fragile democracies - and older, fragile authoritarian regimes. |
Companies are not charitable enterprises: They hire workers to make profits. In the United States, this logic still works. In Europe, it hardly does. |
Companies are not charitable enterprises: They hire workers to make profits. In the United States, this logic still works. In Europe, it hardly does. |
Economics has never been a science - and it is even less now than a few years ago. |
Every good cause is worth some inefficiency. |
Funeral by funeral, theory advances |
Globalization presumes sustained economic growth. Otherwise, the process loses its economic benefits and political support. |
Globalization presumes sustained economic growth. Otherwise, the process loses its economic benefits and political support. |
Globalization presumes sustained economic growth. Otherwise, the process loses its economic benefits and political support. |
If we made an income pyramid out of a child's blocks, with each layer portraying $1,000 of income, the peak would be far higher than the Eiffel Tower, but almost all of us would be within a yard of the ground. |
Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas. |
It is not easy to get rich in Las Vegas, at Churchill Downs, or at the local Merrill Lynch office. |
Politicians like to tell people what they want to hear - and what they want to hear is what won't happen. |
Self-deception ultimately explains Japan's plight. The Japanese have never accepted that change is in their interest - and not merely a response to U.S. criticism. |