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Downsizing itself is an inevitable part of any creatively destructive economy.
James Surowiecki
In industries where a lot of competitors are selling the same product - mangoes, gasoline, DVD players - price is the easiest way to distinguish yourself. The hope is that if you cut prices enough you can increase your market share, and even your profits. But this works only if your competitors won't, or can't, follow suit.
Flexible supply chains are great for multinationals and consumers. But they erode already thin profit margins in developing-world factories and foster a pell-mell work environment in which getting the order out the door is the only thing that matters.
For a crowd to be smart, the people in it need to be not only diverse in their perspectives but also, relatively speaking, independent of each other. In other words, you need people to be thinking for themselves, rather than following the lead of those around them.
If we want our regulators to do better, we have to embrace a simple idea: regulation isn't an obstacle to thriving free markets; it's a vital part of them.
Most corporate name changes are the result of mergers and acquisitions. But these tend to be unimaginative.
In practice, downsizing is too often about cutting your work force while keeping your business the same, and doing so not by investments in productivity-enhancing technology, but by making people pull 80-hour weeks and bringing in temps to fill the gap.
The challenge for capitalism is that the things that breed trust also breed the environment for fraud.
Political risk is hard to manage because so much comes down to the personal choices of policymakers, whether prime ministers or heads of central banks.
What corporations fear is the phenomenon now known, rather inelegantly, as 'commoditization.' What the term means is simply the conversion of the market for a given product into a commodity market, which is characterized by declining prices and profit margins, increasing competition, and lowered barriers to entry.
Medical tourism can be considered a kind of import: instead of the product coming to the consumer, as it does with cars or sneakers, the consumer is going to the product.
Making loans and fighting poverty are normally two of the least glamorous pursuits around, but put the two together and you have an economic innovation that has become not just popular but downright chic. The innovation - microfinance - involves making small loans to poor entrepreneurs, usually in developing countries.
Technology is supposed to make our lives easier, allowing us to do things more quickly and efficiently. But too often it seems to make things harder, leaving us with fifty-button remote controls, digital cameras with hundreds of mysterious features and book-length manuals, and cars with dashboard systems worthy of the space shuttle.
I'm not one of those deeper, ethereal writers. I'm just trying to get it done.
James McBride
A typewriter forces you to keep going, to march forward.
When we're talking about slavery... we're really talking about the web of relationships that exists between whites and blacks from 1619 to 1865 to now.
Historians will tell you that they deal with fact and empirical evidence. But that doesn't really help me understand a person.
The James Brown story is not about James Brown. It's about who's getting paid, whose interest is involved, who can squeeze the estate and black history for more.
It would be nice if we redefined what we meant by 'war story.' If you're making $15,000 a year living in a certain area of Portland, trying to make it with three kids and no husband, that's a kind of war.
Essentially, I'm a storyteller, and I make my living by telling stories, be they music or nonfiction or fiction.
My goal is to be able to fill out one of those forms that asks 'Who are you?' and be able to just put 'Human being,' you know?
When I was younger, I was ambitious. Now I'm not ambitious anymore. I just want to be happy. Does that make sense?
I wasn't a guy built to write about entertainment.
I thank God I was a reporter before I became a writer.