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Currencies For Dummies

Currency is typically defined as a system of money in general use in a particular country.  This is the case in most countries today.  Historically, periods of exceptional turmoil or circumstances, such as WW II, have given rise to reversions to barter and tangible substitutes for currency. In some instances, even today, individuals have sought […]

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Do Nuclear Reactors Have A Future?

It has been evident for a number of years that there is very little chance that the electric utility industry will resume construction of large nuclear reactors because of cost overruns, delays, permitting and NIMBY.  However, there does seem to be some interest in miniature nuclear reactors as a source of steady energy that can […]

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Competing With China

Recently, two articles crossed my desk that provide some insight into the extent and complexity of attempting to compete with China. The first article addressed the issue of labor and introduced, at least to me, the number 996.  Apparently, this is shorthand for the schedule that has become the workplace norm at many Chinese companies: […]

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Wages

The whole process of simply paying employees has become increasingly politicized with competing agendas shifting the focus away from the fundamental idea of a fair day’s pay for a fair day’s work.  We have advocates for a higher minimum wage, federal, state and local versions, for a competitive wage, for a living wage and so on.  […]

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Just Tell Me What the Rules Are

Humans are generally not constructed to deal well with uncertainty.  Investors need predictability in key areas such as accounting, regulation, taxation and political whim, to mention a few.  While no system is perfect, investors in U.S. based companies enjoy a relatively greater degree of consistency than is the case for many other jurisdictions.  The most […]

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The U.S. Economy Does Not Have a Demand Problem

Some observers seem to be able to detect signs of a slowing in U.S. economic growth, even though in reality, companies cannot produce enough to meet customer orders.  U.S. industry is dealing with near record raw material lead times, fluctuating commodity prices, with an upward bias, transportation bottlenecks and worker shortages.  No wonder economic activity, […]

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