Wired has a few really interesting articles about how the current econopocalyopse is actually a great opportunity for small, agile companies who don’t rely on the industrial processes of yesteryear. And there’s no better example than Detroit, which has clearly hit a wall and needs to reach out and innovate immediately if it wants to survive.
Michael Lewis, the author of “The New, New Thing,” recently rented out the biggest mansion in New Orleans, a house he’d lusted after as a boy and found overwhleming once he moved in. He also found that being inside a house thats way beyond your means, even if you’re renting it, says a lot about both the American psyche and the subprime mess the US currently finds itself in.
The New York Times Magazine lays down a definite maybe. With the rise of global capitalism and the shift to electronic trading that doesn’t even occur in a physical space, Wall St. may be losing its edge.