Word: businessese
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One of the reasons it will take the stock market a very long time to get back to the level where it traded when the DJIA was above 14,000 is because the average stockholder believes that he was cheated. Corporations promoted their prospects. Almost none of them warned of...
If the Internal Revenue Service seems like a faceless bureaucracy without much heart, says a former insider, that may be because it is. Richard Yancey has seen the all-powerful IRS from the inside out, spending 12 years as a government "repo man" pursuing businesses and individuals with long overdue...
It was given lip service. But certainly early on it was all about, "What are you going to take?" If you were a revenue officer who was shutting down businesses and seizing cars you tended to advance quicker than the revenue officer who signed installment agreements. The more risks you...
Hollywood produces our most competitive exports by a long shot; its creative capacity and production quality are unmatched anywhere in the world. NBC Universal would as soon relocate its studios to Shenzhen as Nike would build a new factory in Malibu. This type of competitive advantage is rare and extraordinarily...
We in America watch on average 151 hours of television programming a month, more than ever. The rest of the world is fast catching up. With the right moves, the American businesses behind this enormously successful set of products stand to reap a veritable bonanza. I understand that change in...