After yesterday’s Kindle Fire HD announcements from Amazon, a reader reminded me of a prediction I made at the start of the year: “If Apple gives up its position of industry leadership in 2012 the only company capable of assuming that role is Amazon.com.” I stand by those words — Amazon is really bringing the fight to Apple — but the most important part is “if Apple gives up its position” which it clearly hasn’t, at least not yet. The real loser here, in fact, is not Apple but Microsoft.
I could be wrong about this but I don’t recall any pundits (me included) predicting that Amazon would yesterday introduce a larger format tablet, […]
As many readers have pointed out, the IPO drought of the last decade has many causes beyond just decimalization of stock trading. Sarbanes-Oxley has made it significantly more expensive to be a public company than it used to be. Consolidation in the banking and brokerage industries have resulted in fewer specialists and hardly any true investment bankers surviving. The lure of derivatives trading and other rocket science activities on Wall Street have made IPO underwriting look like a staid and prosaic profession, too. Fortunately, people in positions of influence are finally starting to realise that there is no economic future for this country without new public companies.
A couple of years ago, in an obvious moment of poor judgement, the Kauffman Foundation placed this rag on its list of the top 50 economics blogs in America. So from time to time I feel compelled to write about economic issues and this Labor Day holiday in the U.S. provides a good excuse for doing so now. In a sense you could say I inherited this gig because my parents began their careers in the 1940s working for the U.S. Bureau of Labor Statistics. This first of two columns looks at employment numbers in the current recovery while the second will try to explain why the economy has been […]