GDP Rises 3.2%: Is Recovery Strengthening?

American consumers are finally opening up their wallets. Spending by consumers rose by 3.6% in the first three months of 2010, more than double the 1.6% rate of the fourth quarter. That’s the biggest gain in this gauge in three years. More importantly, it is a subtle but significant shift in the drivers of economic growth. The U.S. …

China’s management challenge

As China marches on to global greatness, one of its major deficiencies is in corporate management. It’s not that Chinese executives aren’t smart or hardworking, but the fact is they have little experience managing operations outside of China. Many Chinese outfits talk about becoming global players, but making those dreams reality …

Greece Fizzles But The Dow Sizzles

Investors large and small are watching a spectacular financial fire rage across Europe, with Greece headed for either all-out default or a painful restructuring of its debt, and fellow members of the European Union in earlier stages of their own crisis. (As of Tuesday afternoon, the leaders of the European Union were announcing their …

Fraud at the Farmer’s Market

Those “local” strawberries may actually be brought in on a truck from California, and, though you’ve been led to believe that it was made from scratch, that pie you just paid $15 for could in fact be pre-packaged.

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