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World’s biggest shipping firm warns over US protectionism

  Washington / Bloomberg A. P. Moeller-Maersk A/S, a Danish conglomerate that owns the world’s largest container shipping company, is voicing concern as a potential shift in U.S. policy threatens to reduce global trade. While Maersk assumes that no matter how the U.S. presidential election ends, it probably “won’t have an effect on the contracts we have and the employment ...

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Can the private sector save us?

  A great mystery of our time — one that should frame the campaign debate — is why the economic recovery has been so sluggish. Consider this comparison. After the brutal recession of the early 1980s (peak unemployment: 10.8 percent), it took only 11 months for employment to regain its pre-recession level. By contrast, it required 51 months after the ...

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High-tech manufacturing isn’t worth much

  These are the world’s five largest technology companies, ranked by revenue: How about that Hon Hai!?! The full name is Hon Hai Precision Industry Co., but you probably know it as Foxconn, the main name it does business under. It’s the Taiwan-based contract manufacturer with hundreds of thousands of employees in mainland China, several of whom probably put your ...

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