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Ironically, this is one of those areas where Apple's legendary secrecy, which is largely responsible for the iPad hype in the first place, ends up hurting the company. A normal tech company would be trotting out advanced prototypes of the 2014 iPad, featuring its 3-D video camera, and...
The problem is the principles that Apple has formally announced make no sense on the iPad platform. You could at least make a plausible case that Flash and multitasking were too resource-intensive (and thus battery-draining) for mobile-phone usage, just as you could make the case that a...
What should Washington be doing? We need to do something about firms that are too big to fail. These firms have become loss transmitters and accelerators to the rest of the system. We need to distribute the risk, not concentrate it in a few very large players. There are a...
Like what? One approach is to lay on a heavy cost of being big. Too-big-to-fail banks should have a capital cost that will make it a disadvantage to compete in the riskiest parts of the financial-services market. I also like President Obama's recent proposal, the...
Wall Street also seems unhappy about a fee for being big. Financial executives don't like the idea of having to pay a too-big-to-fail tax, but nonetheless I think they get it. Banks pay for deposit insurance - this just extends the idea to the rest of the...