Over the past 40-some years the U.S. economy has become largely service based. At more than $40 trillion in debt with about $1T added every 100 days, it's instructive to look back on how many earlier financial warnings we ignored.
Tag: new normal
The Price of Cheap: The Hidden Cost of E-Commerce
Oil companies say that demand will never be the same and that refinery cutbacks are necessary to boost sagging profits. Meanwhile, more cash-strapped shoppers are looking to save money and time shopping online. What do these seemingly separate trends have to do with one another? A lot more than you might think. Learn why e-commerce may contribute to increasing fuel prices, inflation and a retail landscape of tomorrow that hardly resembles anything we know today.
American Competitiveness: The New Untouchables or The New Half Truth?
New York Times columnist Thomas Friedman makes a superficially compelling case for reforming education in pursuit of American Competitiveness. But is he overstating its promise?