Category: Living

Money by Joe Wilcox
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Reich’s Right: No Economic Recovery in Sight

U Cal Berkley prof Robert Reich astutely and concisely sums up the prospects for economic revival in commentary “When Will the Recovery Begin? Never.” I saw it today at Salon, but Robert posted to his blog on July 9.

Other economic observers who talk about a recovery underway go oddly together with reality. There is no recovery now, and there isn’t going to be one in the foreseeable future. 

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Money by Joe Wilcox
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Antitrust Primer: Google and Microsoft

Have you wondered why Microsoft quietly accepted yet another two years of government oversight? Simply put, Microsoft doesn’t want to end up with the problems looming over Google.

There has been much buzz over the last couple weeks about the US Justice Department looking closely at Google. The rumors used the “A” and “M” words, antitrust and monopoly, to describe how trustbusters view Google’s search dominance. Today’s Wall Street Journal claims that the Obama Administration has put together an antitrust watchlist, on which there is Google’s name.

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Money by Joe Wilcox
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The China Question

Is the American era over? I begin to wonder if the answer is yes. History is the reason. In 1914, the British Empire spanned the globe, and London was the financial capitol (eh, capital would work, too) of the world. Four years later, England’s fortunes had changed. The country had shifted much of its manufacturing production to the war and spent quite a bit of its capital supporting European allies. Meanwhile, the United States picked up manufacturing slack and monetary might. Could America’s fortunes change so quickly?

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