Over the next decade and a half, 2.5 billion people in China, India, and other developing countries will join the global middle class. They are going to need skyscrapers to live in and super-stores to shop in. They are going to want smartphones, cars, flank steaks, air conditioning, pet clothing, Disneyland vacations, and probably some…
In January, activist investor Carl Icahn acquired around 2 percent of eBay’s stock. A month or so later, eager for a return on his investment, he published an open letter to eBay’s shareholders. In it, he expresses concerns about the “long-term value” of the eBay subsidiary PayPal, and its ability to “remain competitive over the long term.”…
In 1982, the Supreme Court ruled that, by way of the 14th Amendment’s Equal Protection Clause, non-citizen children of undocumented immigrants are legally entitled to a free K-12 public school education, just like U.S. citizen children and the children of legally admitted immigrants. It is a just and practical decision. It is morally consistent with…
Last spring, a shelter in Berkeley, CA needed an architect to help it expand its facilities. A young architect who lives nearby had just made a New Year’s resolution to join a nonprofit board. In an earlier era, they would not have known each other existed. But in this instance the shelter’s executive director used…