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The FTC Seeks to Shelter Mom & Pop, Again
In 1909, the Kellogg Toasted Corn Flake Company offered a “Square Deal.” Hoping to get its flakes on more grocers’ shelves, Kellogg set the cash price for wholesalers at 6.8…
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Nearshoring Is Hard to See
Last week I was in Mexico City to speak at the Logistics World Summit, an annual event that draws thousands of truckers, freight forwarders, manufacturers, and software vendors to the…
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The Bizarre Assault on ESG
I confess to bewilderment at some U.S. conservatives’ assault on the use of environmental, social, and governance (ESG) criteria in investing. Conservatives in Congress, including a few Democrats as well…
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Should Ports Get Smart?
Ports are trying to become smarter. At least, that’s what I took away from a recent conference in Seoul, where I spoke at a government-sponsored forum on smart ports. Smartness…
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Taking Taxpayers for a Ride
Even if you don’t ride the subway, a startling new report on the cost of building transit systems deserves the attention of anyone interested in infrastructure. This report, the result…
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The Value of Value Chains
Usually, the action at the American Economics Association’s annual meeting revolves around weighty pronouncements by prominent economists. What I found striking about this year’s meeting, which was held in New…