From the Washington Post : In Brookhaven, Miss., for example, where Wal-Mart operates a vast distribution center, the company had 45 trucks full of goods loaded and ready for delivery before Katrina made landfall. To keep operating near capacity, Wal-Mart secured a special line at a nearby gas station to ensure that its employees could make it to
Over the years, there has been much discussion of Frank Baum’s Wizard of Oz as being a “parable of populism.” Reading Quentin P. Taylor’s Money and Politics in the Land of Oz , in the Independent Institute’s fine publication, The Independent Review , sparked me to dig into some of the more interesting theories on this. According to Henry
From a pre-junk bond demotion piece on GM , sent to me by Robert Blumen : GM reached a watershed in its four-decade decline in market share. After losing two percentage points of share over the past year to log in at 25.6%, GM has reached the point at which it actually consumes more cash than it brings in making cars, for the first time since
I’m not on board the anti-Splenda train. Here’s an article that tweaked my tweakables in regards to those who have a love-hate relationship with statism (mine is all hate). Splenda is bad, according to Dr. Mercola , a guy whose work I find very interesting, and often, I agree with his assessments on health and nutrition. So yes, Splenda is made up
It’s nice of American Heritage, but I’d say they got it wrong . “Conduct” denotes morality/ethics, and a judgment of one’s actions, and not the value-free fact of action itself. Tsk, tsk
The Great Anti-Trust build-up against Wal-Mart is likely in the works. Unless, of course, the Feds can come up with a something else that can prove to be more devastating. So now, the Feds want to nab Wal-Mart for spending its money the way it wishes to spend it? If, indeed, monies were misspent, then it’s a private matter between employee and
Because it tells a story . Today, the yield curve inverted. Long-term maturities are now paying a lower interest rate than short-term maturities. In a quote from the USA Today article, the last sentence, er, stands out: Other economists say the curve has lost its significance because special factors, such as the government shifting issuance to
Its balance sheet, for starters. Toyota is catching up to General Motors in terms of sheer size, but has passed up the Detroit behemoth in many respects. The proof of looming disaster is in the balance sheet. Here is GM’s balance sheet , full of bullet holes. Here is Toyota’s balance sheet , which is bulletproof. Focus on a few items, like
GM spokesman Jerry Dubrowski said speculation of a GM bankruptcy is inappropriate and doesn’t reflect the predominant view on Wall Street. “We have no plans to declare bankruptcy, and we don’t think it’s appropriate to continue to comment on what I would term sensational speculation by some observers,” he said. GM has reported four consecutive
What is the Mises Institute?
The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.
Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.