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My Supply Chain Problems
I got a ring today from Haverty’s, the furniture store. Last winter — January 16, to be precise — my wife and I purchased a sofa there, with delivery promised…
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Going Vertical
The business world is prone to fads. Over the decades, nothing has been more faddish than ideas about how broad the scope of a company’s business should be. Back in…
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Dow 36,000*
Twenty-two years ago, James K. Glassman, a newspaper columnist, and Kevin Hassett, an economist, laid out the bullish case for U.S. stocks in a book called Dow 36,000. Their forecast…
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General Average
In the modern world of global commerce, it isn’t easy being small. Yes, if you go on the internet to book passage for a container of your precious cargo, the…
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Stuck in the Mud
On the morning of March 23, a container ship called Ever Given ran aground in the Suez Canal, blocking passage to the 50 or more vessels that transit the canal…
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Why Global Trade Won’t Depend on Bitcoin
Is Bitcoin really the currency of the future? Citibank seems to think so. Its new report on cryptocurrencies, detailed by the Financial Times, contends that Bitcoin could “become the currency…