LinkedIn SNAFU

I’ll be posting a column shortly about today’s announcements from Apple, but first an apology.  If you received a connection request from me through LinkedIn, I probably didn’t send it.  LinkedIn sent it all by itself.

Twice now I’ve been faced with a dialog on the LinkedIn network where it proposes to blanket the world with link requests on my behalf. Twice now I’ve selected NO! and from the responses I’m getting in my e-mail twice now LinkedIn has gone ahead in and sent the requests defying my express orders.

Am I the only person experiencing this?

I’m a native English speaker and pretty good at reading the language, too, so I don’t think I’m sending the requests by mistake.

Of […]

Kindle Fire HD hurts Microsoft more than Apple

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, […]

An IPO minor league in Hong Kong for startups

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.

One requirement of the JOBS Act, passed last April, […]

By |September 6th, 2012|2012|27 Comments

Ticked off: How stock market decimalization killed IPOs and ruined our economy


Well it took me more than the one day I predicted to finish this column, which purports to explain that dull feeling so many of us have in our hearts these days when we consider the U.S. economy. Our entrepreneurial zeal is to some extent zapped. For a decade it seemed we needed to jump from bubble to bubble in order just to drive economic growth — growth that ultimately didn’t last. What happened? Initial Public Offerings (IPOs) went away, that’s what happened.

I wrote several columns on job creation over the last year, columns that explained in great detail how new businesses, young businesses, and small businesses create […]

Why hardly anyone in the U.S. economy feels prosperous anymore

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 […]