Can the luxury business survive a change in Japanese tastes?

My friend Vanessa Friedman, who has the incongruous title of fashion editor of the Financial Times, has a new video up on the FT site. It’s kind of long, and weirdly serious in tone, but the story Vanessa tells is fascinating: Japanese consumers, who have kept the global luxury-brand business going for the past 20-odd [...]

Fun offshore-oil-drilling fact of the day

Almost every recounting of the Great Santa Barbara Oil Spill of 1969 mentions that it was on (or under) Union Oil’s Platform A that the blowout occurred. But hardly anyone ever mentions that, a few weeks after the leak was fixed, Platform A was put into service for the first time, and has been pumping [...]

Welcome to the Curious Socialist

Yesterday’s “Daily Article” on the Ludwig von Mises Institute website, by economist and Abe-Lincoln-hater Thomas DiLorenzo, is titled “TIME for Socialism.” It begins: Anyone who is still wondering why the so-called “mainstream media” was so hostile toward Congressman Ron Paul’s campaign for the Republican presidential nomination will find an answer in the June 2 issue [...]