America's largest corporations' overseas subsidiaries are booming even as their American operations stagnate. General Electric expects more than half its revenue this year to come from outside the U.S. for the first time.
Posted on: Oct 28, 2001, Source: The American Prospect
The political debate about terrorism is stuck. The patriot's blind insistence on American right no matter what, clashes with the left's insistence on blaming the U.S.'s bad historical judgement. Robert Reich says both positions are inadequate and offers another way.
Despite being asked in the name of patriotism to spend, consumers are holding back. Perhaps Americans are realizing the economy exists to support us and the standard of living we choose, not the other way around.