In The Headlines Zippo: Finding a New Light As the third-generation owner of Zippo Manufacturing Co., George Blaisdell Duke is often asked how the company remains in business. America does not light up as much as it used to, so it is a reasonable question for the most famous maker of [...]
In The Headlines Is the Expansion Still in its Infancy? Since World War II, five years has been the average length of an economic expansion in the U.S. The current expansion began in July 2009, just over five years ago. That fact would seem to suggest that the U.S. is about [...]
In The Headlines Old Laws Create a California Water Divide Last summer, in the second year of California’s latest dry spell, a farmer in the state’s Central Valley, paid $250 an acre-foot for water to irrigate his almonds, cherries, tomatoes, and cotton. (An acre-foot is enough to cover an acre with [...]
In The Headlines High Stakes Economic Poker in Africa The 1990s stand out as a hugely pivotal time in the geopolitics surrounding Africa. With the Cold War over, the U.S. turned its attention away from the continent, largely defining its problems as humanitarian issues, which are traditionally the lowest station of [...]
In The Headlines Machine Tool Vending Machines Come to the Shop Floor An episode of The Office involved a prank by co-workers on a hapless colleague. The victim’s desk contents—his stapler, pencil cup, plate, even his wallet—were stashed inside the office vending machine. Now an industrial supply company has turned that [...]
In The Headlines They’re Back - Junk Bonds Boom as Investors Seek Bigger Yields After five and a half years of the Federal Reserve keeping short-term interest rates near zero, investors say they have no choice but to seek ever-riskier securities to generate any type of return. That means almost any [...]
In The Headlines The Race to Supply Engines for the Next Generation of Jetliners As airliners replace their fleets with more efficient models, jet engine makers are rethinking how planes are powered in a bid to score deals with Boeing and Airbus. The narrow-bodied Boeing 737 Max and Airbus A320neo, slated [...]
In The Headlines Hello World! Affordable Internet Service Comes to Ships at Sea In the past, it has been a pricey proposition to connect a commercial ship to the Internet. But a new device is overturning the old business model for Internet access at sea, and lifting sailors’ spirits in the [...]
The IRS currently has nearly 90,000 employees — about the population of Springfield, OH, or Muncie, IN. The vast majority of them are honest, hardworking civil servants, doing their best to navigate the all-you-can-eat buffet of confusion known as "the Internal Revenue Code." They use their training and knowledge to do [...]
The conversation usually goes something like this: Me: I see you have all of your money in your employer’s stock. Does that concern you? Him: No, not really, it’s done extremely well the past 20 years. Me: And therefore you feel it is logical to assume the next 20 years will [...]
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