Read the book that former President Bill Clinton calls "excellent." He also issued a formal endorsement, saying: "William J. Holstein’s 'The Next American Economy: Blueprint for a Real Recovery' is an essential roadmap for America’s renewal and an insightful reckoning of the global challenges ahead."
The Obama Administration also seems to be taking cues from the book. My book is not a silver-bullet solution to all that ails the economy, but Americans need to face up to our structural competitive challenges, rather than waiting for things to simply "bounce back to normal." That is never going to happen.
published by William J. Holstein on 6 March 2014 - 1:36pm
It wasn't too long ago that the world's automobile industry was worried that Chinese automakers would surge onto the world's stage. I knew from looking at GM's relationship with SAIC in Shanghai that it would not be easy for the Chinese mostly because of their poor commitment to quality. But this article about SAIC in Thailand reveals two more impediments. First, they have no way of knowing what a market wants. They are accustomed to the Chinese market, which retains a strong element of state planning and state control. Secondly, they couldn't get along with their Thai managers.
published by William J. Holstein on 10 February 2014 - 9:20am
I think this letter to the editor nails what is really happening in the American economy:
"Every time the media reports on our 'recovering' economy, I feel as if it is reporting about another country. I'm a highly educated middle-class worker (a teacher), and I've been laid off three times in the past seven years. Everyone I know is struggling economically, either having been laid off or afraid of being laid off. Many are permanently unemployed.
published by William J. Holstein on 10 February 2014 - 9:13am
I wish to congratulate the Times yet again. They are following closer and closer on my heels. I am beginning to feel the competitive pressure! Here they are, just after my previous blog on Puerto Rico: