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    Marriage prospects killed by free trade

    December 3rd, 2013

    Free trade is a bit like religion: economists now agree that it would be a good thing, if it were practiced as much as it is preached. In the nineteenth century, there was as much preaching against free trade as for it. Read the rest of this entry »


    Stock market crash October 1929: Why gentlemen prefer bonds

    October 24th, 2013

    “Gentlemen prefer bonds,” said Andrew Mellon (1855-1937), wealthy American financier, banker, and U.S. Treasury Secretary. Commons shares, or stock, were considered too speculative for gentlemen; best left to disreputable speculators. Had more investors heeded Mellon’s advice, the horrendous stock market crash of October, 1929, which ushered in the Great Depression of the 1930s, would likely have been much less severe. Read the rest of this entry »


    Oil sands collapse will kill XL Pipeline

    March 14th, 2013

    The United States has no need for more oil from Alberta’s vast oil sands. A forecast 250% increase in oil sands production won’t happen. The controversial XL Pipeline won’t be built. A collapse of the oil sands boom will mean the loss of billions of dollars in new investment and government revenues, and the loss of thousands of jobs. These are among my forecasts in an article published in the Toronto Star March 13. Here is the entire article, as published in the Star. Read the rest of this entry »


    How to succeed in business

    May 11th, 2012

    Being an entrepreneur is a state of mind. If you’re going to be an entrepreneur, my thesis is that you have to sacrifice everything for Read the rest of this entry »


    Saving capitalism from its biggest enemies

    April 23rd, 2012

    Capitalism’s biggest enemies are not the firebrand trade unionists spewing vitriol against the system, but the executives in pinstriped suits extolling Read the rest of this entry »


    Get rich quick

    April 9th, 2012

    My first job in London, in 1934, was as a foreign-exchange trader. Read the rest of this entry »


    The man with no business sense makes and gives away $10 billion

    April 3rd, 2012

    Charles (Chuck) Feeney (1931- ), who came from a New Jersey blue collar working family to amass a multi-billion business dollar fortune, before giving it all to philanthropy, was advised to forget business and consider a career in journalism. Read the rest of this entry »


    Aim for a big goal

    March 21st, 2012

    In his book, “The Spirit of St. Louis,” Charles Lindbergh recalls addressing a group of naval officers on the subject of long-distance aerial navigation. Read the rest of this entry »


    Single parents, falling fertility: a global threat?

    March 16th, 2012

    If the 1960’s pattern of nuclear families—married couples with children—prevailed as extensively in 2012, in the United States there would now, each year, be:

    •750,000 fewer children repeating grades;
    •1.2 million fewer school suspensions;
    •500,000 fewer acts of teenage delinquency;
    •600,000 fewer kids receiving therapy; and
    •70,000 fewer suicide attempts.

    Nor are the claimed ill effects of the decline of two-parent families limited to the United States. Read the rest of this entry »


    Bill Gates rules for life, work, success

    February 25th, 2012

    Rule 1: Life is not fair; get used to it.

    Rule 2: The world won’t care about Read the rest of this entry »


    Business-busting, job-killing corporate takeover scams

    January 30th, 2012

    American taxpayers could save billions of dollars every year by changing rules that reward private equity firms with obscene profits from companies they bankrupt with huge debt, James Surowiecki writes Read the rest of this entry »


    Geneen’s Business baloney and reality

    November 4th, 2011

    Baloney: Managers should nurture workers and strive to make the workplace a caring environment. Read the rest of this entry »


    Designed obsolescence

    September 16th, 2011

    Henry Ford, the patron saint of manufacturing efficiency, Read the rest of this entry »


    You will make mistakes

    September 16th, 2011

    Robert Galvin at the age of 33 had failed twice in business. Read the rest of this entry »


    The triumph of success over failure

    September 3rd, 2011

    The secret of business success is the combination of imagination and enterprise, Read the rest of this entry »


    Good news about the banker

    September 2nd, 2011

    The other day, a colleague of mine gave a speech. He started out with a joke about a bank customer Read the rest of this entry »