Felix Salmon

Why Rhode Island isn’t defaulting on its moral obligations

May 1, 2013

Josh Barro has a strong column today on the confusion and hypocrisy in Rhode Island; he gets equally strong support for his position from Ted Nesi.

Counterparties: Neither a champion nor a frustration

May 1, 2013

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The systemic plight of labor

May 1, 2013

blodget.png

It’s May Day, and Henry Blodget is celebrating — if that’s the right word — with three charts, of which the most germane is the one above. It shows total US wages as a proportion of total US GDP — a number which continues to hit all-time lows. Blodget also puts up the converse chart — corporate profits as a percentage of GDP. That line, you won’t be surprised to hear, is hitting new all-time highs. He’s clear about how destructive these trends are:

Counterparties: Apple’s superlative borrowing

April 30, 2013

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Learning from breast cancer

April 30, 2013

Over the weekend one of my friends took to Facebook to ask a very good question. Her four-year-old daughter was going to run a lemonade stand, and my friend wanted suggestions “to incorporate an element of giving into the project”. Which charity should the daughter start supporting with her lemonade-stand profits? There were some very good answers, but there was also one woman who suggested, of all things, breast cancer research.

Counterparties: Central banks vs austerity

April 29, 2013

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The tragedy of Cooper Union

April 29, 2013

This time last year, I wrote about the pressure that public companies face to grow at all costs, and how destructive that pressure can be. Growth is, weirdly, inimical to longevity: if you want something to last for a very, very long time, then what you really want to create is something large — but not huge — and which doesn’t need to grow at all. The world’s oldest companies are nearly all family-owned affairs; they’re big enough to keep those families well-off, and they tend to produce goods or services for which there is a steady demand across the centuries. (Hotels, for instance, or wine.)

Counterparties: America persists in underwhelming

April 26, 2013

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Counterparties: Europe’s economic decoupling

April 25, 2013

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