Sunday, November 30, 2008

Deflation is in the minds of customers, just like Inflation

The New York Times story on Black Friday sales has this quote from a non-shopper,
At Westfield Century City Shopping Center in California, Harper Mance, 31, said: “I’m looking around, thinking, ‘If there are discounts on everything now, what’s it going to be like after Christmas?’ You know it’s going to go down further.”

Sunday, November 23, 2008

Innovation Crisis in US








"The US system of public education must lay the foundation for developing a workforce that is literate in mathematics and science, among other subjects. It is the creative intellectual energy of our workforce that will drive successful innovation and create jobs for all citizens."








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