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Samsonite is looking like a tempting target for shorts

However you regard the veracity of a short-seller’s allegations against Samsonite International SA, one thing is certain: Targeting a Massachusetts-based firm with a wide shareholder base seems to be a much a safer bet than going after the hordes of opaque Chinese companies in Hong Kong. The baggage company, whose hard-shell suitcases recall the glory days of flying, has become ...

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Can US afford welfare?

About 42 million people received benefits in the 2017 fiscal year from the Supplemental Nutrition Assistance Program — still widely known as food stamps, although the paper coupons were replaced by debit cards more than a decade ago. That’s a lot of people! It’s almost 13 percent of the US population, which is down from a couple of years ago ...

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Silicon Valley keeps giving founders too much power

No one has learned any lessons. That’s the discouraging takeaway from a Wall Street Journal article about the nearly unchecked power held by founders of many young technology companies. The people bankrolling those companies are responsible for providing oversight, too, but don’t seem to be doing much of it. The Journal reported that two-thirds of US startups with venture-capital investors ...

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