Into the abyss

For the last four months, Israel has had no government, and hence no economic policy. With its usual anti-Semitic zeal, the world has doggedly refused to go into recess during this period of Israel’s self-imposed paralysis. Instead, it has plunged into severe recession. How severe is impossible to convey in words, because the entire inventory of both professional terms and […]

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GM and IBM

There would seem to be little in common between GM, the fallen idol of American industrial prowess, and IBM, the still proud symbol of American technological prowess. Indeed, there could hardly be a greater contrast than General Motor’s decades of gradual decline, punctuated by repeated failures of efforts to ‘re-invent’ itself, and IBM’s dramatic recovery from downward spiral in the […]

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