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Forward

Forward

March 1, 2009

CONFIDENCE LOST

Our nation’s economy is a public trust. But its caretakers have demonstrated a shameful lack of responsibility. Here's what can be done.

John Kenneth Galbraith, the renowned economist who insisted corporations wield too much power in America and government should play a large, constructive and necessary role in managing the economy, is now back in style. So […] Read More

January 1, 2009

THE NEW, NEW DEAL FOR U.S. INDUSTRIAL POLICY

Truth be told, the United States has several manufacturing policies, most of them ad hoc, formulated and designed with little or no coordination.

With the economy falling apart on several fronts, and with the hurdle of government intervention in private businesses resolved on a monumental basis, it is now permissible in polite society to speak openly of forging […] Read More

January 1, 2009

OUTLOOK '09: MORE PAIN BEFORE ANY GAIN

Demand will be down for just about every end user of steel.

The economy was in trouble before the credit crisis. But the absence of credit and the failure of financial institutions dragged the industrial sector into a full-fledged recession. The result will be that virtually every […] Read More

November 1, 2008

BEATING PLOWSHARES INTO INGOTS

POSCO's struggles to build a major new steel plant in rural India demonstrate just how difficult global expansion can be, especially in the anti-industrial cultures of the rural Raj. Yet with India's iron ore beckoning, you can't blame the South Koreans for trying.

Sitting in a pink plastic chair and dressed suitably for the hot, humid weather in a white singlet and cotton pants, Abhaya Sahu, a local official of the Communist Party of India (CPI) in Orissa […] Read More