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America's Business


March 2007


Confessions of a Wal-Mart Schizophrenic

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How fitting that the symbol of economic angst in America has turned out to be a store. The displacement caused by globalization, the anxiety felt by the undereducated and the have-nots, the national addiction to stuff we don't need: Wal-Mart embodies it all.

I must confess: I love Wal-Mart. Here's ...

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TAGS:
Walmart

Sympathy for the Subprimes

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Boohoo. I am just distraught over the thousands (millions?) of high-risk borrowers who got mortgages over the past few years and are now unable to pay back their loans. And the poor lenders! They were so generous, offering loans with practically no interest at the beginning, so that people who ...

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TAGS:
subprime mortgages

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