The New York Times screamed its Headline— “In 1997, Apple was 90 Days from Going Broke. On Thursday [Aug. 2, 2018], It Became the first publicly traded American company to be valued at…$1,000,000,000,000.” The first trillion dollar company! The boosters and commentators cheered, adding, “How High Could it Go?” In CEO’s Tim Cook’s announcement, we … Read more
In elementary school they taught us the names of inventors. Eli Whitney invented the cotton gin, Robert Fulton the steamboat, Alexander Graham Bell the telephone, and Thomas Alva Edison the electric light bulb. Nowadays we rarely know the names of the inventors of modern technology—think biotechnology, nanotechnology, pharmaceutical technology, safety technology. Not every breakthrough is … Read more
American bank customers are losing billions of dollars in higher interest payments because they’re not being “frugal shoppers” and making a telephone call or sending an email to compare interest rates. If they did, they would find out that the Federal Reserve’s three years of gradual interest rate increases have finally pushed the banks—traditional and … Read more
Warner Slack was a humble, multi-faceted great American physician at Harvard Medical School’s affiliated hospitals. Yet after he passed away last month at age 85, Dr. Slack did not receive the news coverage accorded numerous late entertainers, athletes, writers and scoundrels. In fact, his life was ignored by the New York Times and the Washington … Read more
When will the authoritarians and their political henchmen stop harassing American voters and let all citizens vote? No other Western country comes close to imposing so many obstructions for certain categories of people to keep them from the voting booth. In Canada, England, France, Germany, Norway, Sweden, Denmark, it is very easy to vote. Voter … Read more
1. Skin in the Game: Hidden Asymmetries in Daily Life by Nassim Taleb (Random House, 2018). Taleb writes: “The necessity of skin in the game is a simple rule that’s necessary for fairness and justice, and the ultimate BS-buster. Never trust anyone who doesn’t have skin in the game. Without it, fools and crooks will … Read more
Mr. Mulvaney’s title seems uninterestingly bureaucratic—director of the Office of Management and Budget (OMB). But as Trump’s chief hatchet man extraordinaire, Mugger Mick Mulvaney is easily one of the cruelest, most vicious presidential henchman in modern American history. From his powerful perch next door to the White House, he is carving a bloody trail against … Read more
An open letter to Jeff Bezos: June 21, 2018 Jeff Bezos, CEO Amazon.com, Inc. 410 Terry Ave N Seattle, WA 98109 Dear Mr. Bezos: You’ve come a long way from being a restless electrical engineering and computer science dual major at our alma mater, Princeton University. By heeding your own advice, your own hunches and … Read more
The law has never caught up with Trump. In his bullying and bankrupting business career, he laughed at the law – hiding behind corporations, tying up plaintiffs – workers, creditors, consumers, and shareholders – with court battles of attrition. His snarling lawyers either wore down Trump’s pursuers or settled disputes for less than the legitimate … Read more
Nearly a year and a half into his presidency, Donald Trump continues to hold his base and maintain an approval rating of around 40% – close to the same percentage he polled at just after his inauguration. Let’s try to figure out why. It can’t be because he lies as a matter of daily routine. … Read more