Club Penguin is worth $450 million?!?

The seven-year-old Curious Capitalist Jr. is allowed dominion over the family iMac on Saturday mornings, and one of his favorite destinations is Club Penguin, where he sometimes arranges to chat with friends from school but mainly just plays the lame-seeming games to win more swag for his penguin avatar. What’s his and a whole lot [...]

Parsing “it’s the cars, stupid” explanation for Detroit’s troubles

Whenever I write about the burden that pension and health care costs place on the Detroit-based automakers, I hear from readers who think that’s a sorry excuse for Detroit’s problems. Here’s a thoughtful example from my e-mail inbox: Your article on the buyout of Chrysler did a great job highlighting the high costs of healthcare [...]