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I believe the most important thing Americans must do is to secure their economic well-being in an increasingly challenging, complex world. What I have written about all these years is the process of creating wealth, not for any one individual, but for the United States as a whole. Ever since I was a young correspondent witnessing the emergence of China after the country opened in 1979, I’ve believed we have to get more serious about creating wealth. I retain faith in the resiliency of the U.S. economy and the enterprise of American people. If Americans have the right strategies, we can once again create widespread wealth. Come with me on this journey.

Have We Reached The “Promised Land?”
Give me a break. Stuart Hoffman, chief economist at PNC Financial Services Group, was quoted as saying this after the latest job numbers were reported: “I think we’ve finally reached the promised land of a self-sustaining, self-reinforcing economic recovery.” It sure doesn’t feel like the promised land to millions of Americans who can’t find well-paying […]
My thanks to UCLA
It was terribly civil of UCLA to come out and answer the questions that I raised in a blog last week. According to this article in the Wall Street Journal, it looks to me like it is a sound management structure and philosophy. I have great hopes that this model spreads throughout the United States. […]
The New York Times Muffs “Globalization”
I know everyone is suffering brain fatigue talking about big concepts like globalization, but I was struck by how Eduardo Porter of the Times just didn’t get it right in a commentary this week. So I have poured it in below and annotated it IN ALL CAPS…. Globalization Is in Retreat? Not So Fast SEPT. […]
The University of California Gets Into The VC Business
This is very interesting but also potentially problematic. It’s interesting and positive because the funding that allows ideas to be spun out of research labs at universities is in perilously short supply. The absence of seed stage capital is holding back a lot of great ideas. The potential problems are in how the university manages […]
Incredibly Important Report from Brookings
These guys in the Metropolitan Studies program at the Brookings Institute are soul mates of mine. In this report, they zero in on how the U.S. Department of Energy (DOE) labs, which are enormous repositories of cutting-edge technologies, should be engaging more deeply with the regional economies around them. The report  argues that the frequently […]
GM and The Rest of The Industry Won’t Be Far Behind Toyota
GM Expects to Offer Hands-Free Driving by 2016 Automated Steering System, Vehicle-to-Vehicle Communications Would Seek to Reduce Crashes By Jeff Bennett  and Joseph B White , The Wall Street Journal Sept. 7, 2014 5:15 p.m. ET GM plans to provide vehicle-to-vehicle communications technology in its 2017 Cadillac CTS sedans. General Motors Co. plans to launch by […]
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