The Future of the Republican Party is Named Garcia

According to the US Census bureau Garcia is the sixth most popular surname in the US.  In fact, of the top fifteen surnames in the US, six are of Hispanic origin. This anecdotal evidence confirms that Latinos are the fastest growing US population demographic.  Given...

Ten Outcomes in a Post-COVID-19 Economy

COVID-19 is the economic equivalent of a wildfire.  The US economic landscape has blighted overnight and it will take time for new growth to appear.  So, I am stunned by the speculative timetables being put forth by politicians about when the US economy will get back...

Maximizing Shareholder Value is a Dumb Idea

With the recent passing of Jack Welch, GE’s iconic CEO, I wanted to highlight a moment in his career when he made a rare shift in his otherwise outspoken business philosophy.  In March 12th 2009 interview with FT Jack denounced the business objective of “maximizing...

US Bankers Continue To Destroy Value

In a capitalist system the financial sector is supposed to be the grease that makes the wheels of the economy move forward – not be the wheels. In their outstanding book 13 Bankers – The Wall Street Takeover and the Next Financial Meltdown, authors Simon Johnson and...