BEVERLY HILLS, Calif.—As the rich, the powerful and the merely brilliant gather here this week for the renowned Milken Global Conference, a surprising message of hope may emerge: That America’s best days are far from over, that a new revolution in technology is at hand—bigger and more sweeping and also more destructive than anything before […]
Indiscriminate Destruction
Ah creative destruction, ain’t it grand? We have seen this economic force, championed almost a centruy ago by the Austrian economist Joseph Schumpeter, chew up dozens if not hundreds of industries and shake up, realign or otherwise wipe out millions of jobs in recent decades. The Internet wave and Moore’s Law of computing power have accelerated, […]
So How am I Doin’?
Ten Rules for How to be Unemployed: http://bit.ly/1i2hdyE Ten More Rules: http://bit.ly/1neiIRF Hey guys. Now in Week 11 of Unemployment, I have posted 20 rules to live by, thus far. Here’s an update on how I have fared in following that first batch of 10 Rules for How to be Unemployed. Rule #1: Stick to […]
Aereo and The Supremes
At 11 o’clock this morning the nine Justices of the Supreme Court of the United States are set to hear arguments in a case that could determine whether content remains king—or loses a cornerstone of copyright protection, toppling an economic underpinning of the entire entertainment business. The case is American Broadcasting Cos. vs. Aereo Inc. […]
How to be Jobless, Part 2
Hi guys, I now am in Week 10 of my first-ever stint among The Unemployed. And it could run quite a while longer. Recent data show more than two million people over age 50 now are unemployed. Among workers 55 and older, half have been jobless for six months or more, compared with only 37% […]
Is This Bull Run Done?
Is it really over? Are we really done with one of the best bull markets in the history of stocks? Not quite, and certainly not yet. Markets climb a wall of worry, the old saying goes, and Russia’s bullying in Ukraine is reason enough to startle the gazelles of Wall Street. Neither bulls nor bears, […]
Passivity Begs Aggression
That rascally Russian Vladimir Putin–Pooty, as George W. had nicknamed him–is at it again. He isn’t stopping in Crimea, it now is clear, as he sends masked thugs into police stations across eastern Ukraine. Passivity by the U.S.–the only superpower left–invites aggression by a diminutive despot with a chip on his shoulder and something to […]
The Mozilla Mob
Oh, please, give me a break—so now the litmus test on whether an executive supports gay marriage is a measure of whether he should be a CEO? “CEO Quits Under Fire For Stance On Gay Marriage,” the page-one headline declares in The Wall Street Journal this morning. Just days after being named CEO of Mozilla, […]
Quotes for the Unemployed
Oh, the things people say to you when you’re unemployed. This is Week 8 for me, and it’s getting harder not easier. One of the haters at ZeroHedge was right: Let’s see how perky I’ll be feeling a year from now. But I am steeled by the comments I’ve heard since I left FoxBiz on […]
The Brigade: At it Again
The Outrage Brigade is at it again, this time drawing a target on—and missing the entire point of—the satire of Stephen Colbert of “The Colbert Report.” It’s now trending on Twitter: #CancelColbert. Good Variety story on it this morning, here: http://bit.ly/1eXxMhG Oddly, it is a mere 140-character (max) tweet, rather than the Colbert TV bit that […]
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