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Facebook is in the process of rolling out a new home page - one that combines photos, links, videos and status updates and puts them in one big stream of information. I don't have the new layout yet, but a number of my friends do, and my news feed is suddenly full of frowny emoticons and questions like "What happened to Facebook?!?" (Read "25 More Things I Didn't Want to Know About You on Facebook...
...unemployment worsened, approaching levels not seen since the early 1980's. Also obscured by the elation was the important disclosure that the average American household lost 18% of its net worth last year. Since that process has obviously continued in the first two months of this year, that number could be close to 25%. At its core, the information is a considerable warning that the ability of Americans to become consumers again is still severely compromised. It is another clear sign that the balance sheets of large financial firms which have exposure to mortgages or any type of consumer credit...
...rotated some portion of their land to growing corn. Between feed and the ethanol industry they did well. As a matter of fact, the ethanol industry had a supplier and that allowed the alternative energy movement to grow into an industry. Alternative use of assets is central to a number of industries that need to be revitalized. The car business has a chance to use its strengths to gain back some of its vitality permanently if it can make this transition...
...Humes makes clear in his new book Eco-Barons: The Dreamers, Schemers and Millionaires Who Are Saving Our Planet, a high income-tax bracket gives the rich another advantage: a platform on which they can advance the causes that matter to them. And believe it or not, a surprising number of super-wealthy Americans are using their money to fight for what Humes calls "a secret plan to save the earth." (See the top 10 green stories...
...Ozawa wrong in seeing that Japan faces enormous challenges. At home, it confronts a rapidly aging population and declining birthrate. The number of those aged over 65 is projected to jump from 28 million today to 35 million by 2025, by which time nearly 30% of the population will be elderly. This demographic shift will put enormous strain on corporate Japan, which is running out of workers - something that could be ameliorated by substantial immigration if Japan's leaders were bold enough (none has been) to prepare a traditionally closed society to open itself up. And an aging society will...