Why is that 1,800 buildings in New York still get their power and heat from a century-old network of steam pipes? I mean, I know it’s all about the installed base. If you currently rely on steam, it would cost a lot to switch to more modern power sources. But at some point doesn’t the [...]
Time‘s man in New Delhi, Simon Robinson, has an article on Time.com that deserves some more attention than it’s been getting. He writes: As U.S. politicians line up to bash Beijing for its weak currency and gigantic trade surplus, one message they might want to offer their constituents is, buy Indian. Unlike China, Asia’s other [...]
The real estate boom/bubble of the past few years had a lot of interesting effects on the American economy that are now being unwound. One was that everybody’s brother in law became a mortgage broker. Another was that consumer spending kept rising even though incomes were stagnant. Yet another, which I hadn’t really thought about [...]
