Two more special reports from Japan today: first up, a look at how globalization has made companies around the world vulnerable to a shock like the earthquake. “Disasters show flaws in just-in-time production.”
Could you imagine General Electric operating for six months without knowing how much money it has to spend? That’s the situation the U.S. government finds itself in as Congress still hasn’t settled on a budget for the fiscal year that started last October.
Checking background for our Special Report on Glencore, “The Biggest Company You Never Heard Of”, I stumbled on the novel “The Fortunes of Glencore” by Charles Lever. On a whim I read it. There were some intriguing parallels between the 20th-century company and the book, even though that was published in 1857.