From taxation to lending

The Great Switch by the Super Rich makes a point I hadn’t fully understood. 40% of US national debt is owned by Americans, much by the richest 1% (though the article does not provide figures). This means that the richest people in US society have reduced the...

Bye, bye books

Astonishing numbers from Amazon. Amazon.com now sells 105 Kindle editions for every 100 traditional paper books. This compares is all paid-for Kindle editions with all hardback and paperback sales of books regardless of whether there is a Kindle edition or not. So the...

80% wage increase in China over five years

Lots of good stuff in here. 80% China wage increases in five years will increase inflation in the developed world. Many developed world managers haven’t dealt with source cost inflation: quite the opposite. There is a shrinking key workforce in China. The...

People changing the world

I hadn’t heard of Steven Sasson, Eric Fossum, Joseph Woodland or Bernard Silver. They’ve just been inducted into the US National Inventors Hall of fame for the invention of the digital camera, camera-on-a-chip and bar codes (sort of respectively). Nice to...

Apprentice Tom

It’s the second time someone I know has done The Apprentice. Good luck to Tom P (ex-colleague and even house mate at one stage). The reviews suggest he has already made his mark in the show by apologising to Lord Sugar (no-one does that) and being sensible about...