White guilt be gone

A story I wrote about how gentrification does not drive low-income minorities from their neighborhoods went up on Time.com over the weekend. It starts:

People tend to think gentrification goes like this: rich, educated white people move into a low-income minority neighborhood and drive out its original residents, who can no longer

How to react to the stock market beat down

I just had a delightful conversation with Gus Sauter, chief investment officer of Vanguard. You might expect the man who used to run the much-beloved investment shop’s index funds to be dull as dirt, but quite the contrary. Did you know that he started a gold mine back in the early 80s?

As the market has gone a-plunging the past few …

Former housemates John Mackey and Kip Tindell talk about poker, retailing, and the limitations of shareholder capitalism

My column in this week’s Time is about John Mackey, the CEO and co-founder of Whole Foods Market, and Kip Tindell, the CEO and co-founder of the Container Store, and their shared belief that corporations perform a lot better over time if their executives focus more on employees and customers than on shareholders.

Tindell, left, and

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 oil ever since.

The folks at the

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