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    Succeeding in the Local-Goods Market

    “Locally made” is a popular term for budding entrepreneurs with romantic notions of taking a product in their community and turning it into a profitable business. But transforming a local gem into a cash cow takes more than a good idea.
  • shopaholic-list-intro

    Confessions of Real Shopaholics

    Like alcoholism or drug addiction, an addiction to shopping can mask underlying problems like depression or anxiety disorder, and the negative impact on relationships and finances can be devastating.
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    The Looming Battle for Hermès

    LVMH’s Bernard Arnault has an insatiable appetite for luxury brands. Now the ‘wolf in cashmere’ is licking his chops over one of the last family-controlled companies in the business: Hermès. Will he win, and turn class to mass?
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    Those Notorious Late-Night Infomercials

    Extended ads that pop up in the wee hours have a fun, camp value. Some offer what appear to be panaceas for life’s important challenges, like molding Hercules-like biceps. Others offer solutions to problems you may not have even known you had. We offer some of the more notorious ones.
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    The Unstoppable Infomercial

    The recession may have forced Americans to cut back on trips to shopping malls, but it was a boon to infomercial marketers, with their late-night pitches for thinner bodies and fatter bank accounts, and butt toners and wonder drinks.
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    The Richest Counties in America

    The U.S. may be still struggling with the Great Recession’s effects, but that doesn’t mean that every part of the country is struggling. In fact, many Americans are living well above the poverty line. But where exactly are they?
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    The Fed's $600 Billion in New Money

    So you may have heard that the Federal Reserve printed $600 billion in new currency last week to help get the economy moving again. You should be asking how you can get a chunk of that money.
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    Is the United States Playing Games With Money?

    No one doubts there will be lots of sparring over the value of China's yuan at this week's G20 conference, where a score of prominent and developing countries are meeting in Seoul. But some say America is the country that’s manipulating currency.
  • As G20 Summit Nears, China Is Unlikely to Budge on Currency

    The idea of "rebalancing" the world economy is simple. Before the financial crisis, some advanced countries (led by the United States) were overspending, and some poorer countries (led by China) were oversaving. The two offset each other. The big spenders ran large trade deficits, and the big savers ran large trade surpluses. Now the financial crisis has dampened the overspending. If the big savers don't increase their spending, the world economy faces prolonged slow growth. Countries may battle each other for shares of that weak demand by managing exchange rates, subsidies, or tariffs....
  • Stop Worrying About China’s Currency

    As leaders from the world’s 20 major economies prepare to meet in Seoul this week, tensions continue to flare over trade imbalances and currency rates, particularly when it comes to China. Some analysts even say a trade war is underway. In the meantime, Germany and Britain are creating a group of experts to promote trade liberalization across the globe. Co-heading this group will be Jagdish Bhagwati, 76, a Columbia University economist. In the lead-up to the G20, NEWSWEEK’s Joel Schectman spoke to Bhagwati about the meeting’s prospects for success.
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    Robert Weissenstein Looks to the Future

    Connecting disparate dots is how Robert Weissenstein’s interesting mind finds fascination in the quotidian. We are, he thinks, in an accelerating process of pervasive global restructuring.
  • almost-failures-disney

    Disney's Powerful Marketing Machine

    Disney has had decades of solid experience in the logistics of how to make a product—whether it's a TV series or an animated film—how to ship related merchandise, how to price said merchandise, and how to market all of the above, anywhere in the world. The result is a series of successful projects conceived, built, and sold through Disney's various branches.
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    The Best Travel Freebies of 2010

    Complimentary breakfasts and bathing products are nice, but let’s be honest, with hotel prices going up and airlines adding an endless amount of new fees, travelers need some serious perks to make up for the costs.
  • Battered 529 Plans Cut Costs to Woo College Savers

    Losing any investment is tough. Losing funds intended for a child’s education, though, is as bad as it gets. At the height of the market’s free fall in 2008, an estimated 90 percent of the college-savings accounts known as 529 plans suffered losses, with some shedding more than 40 percent.
  • wealthy-pawn-shop-vl

    A Pawn Shop for the Affluent

    Forget the old stereotype of pawn shops as dives that draw mostly lower-income people seeking quick cash in return for a few trinkets. Instead of accepting a boom-box and handing back $60 for gas, a new kind of pawn shop is taking in Picassos and Rolexes and doling out thousands of dollars.
  • Siemens CEO: Green Revolution Is Forging Ahead

    Last year’s climate-change accords ended without a binding resolution—yet the green revolution is moving forward as countries and companies look for ways to reduce energy costs and create jobs.
  • Fines for Foreign Bribes Spike, Drawing Scrutiny

    The Foreign Corrupt Practices Act, a 1977 law targeting businesses that bribe foreign officials, spent the early part of this decade in a slumber. In 2000, there wasn’t a single prosecution, and in 2006, the Justice Department won just $18 million in penalties. Now the law has come roaring back to life, with more than $1 billion in fines this year alone. Recent high-profile cases include guilty pleas from fuel-concern Innospec, for paying kickbacks in Iraq to German automaker Daimler AG; and Jack Stanley, the head of energy consultancy KBR, for bribing Nigerian officials to secure billions in natural-gas contracts. With prosecutions likely to continue—the FBI has doubled the number of agents tasked to FCPA cases—business is responding in kind. Law firms are competing for top FCPA talent, banks financing international deals are insisting on anti-bribery stipulations in contracts, and a new cottage industry of experts has emerged, offering country-by-country advice on gifts and local...
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    How to Build a Successful Franchise

    Successful franchise owners of Five Guys Burgers and Fries and Plato’s Closet share how to get a franchise business off the ground right.
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    Managers Are Hard to Find, Even Amid Unemployment

    A good boss is hard to find. Make that very hard, according to the annual Manpower labor survey, which listed “executive/management” slots among the five hardest positions to fill in 2009, even as unemployment topped 10 percent. Now, with an estimated 10 million baby boomers eligible to retire by the end of the year, economists seem more worried than ever about an impending “corporate-leadership crisis.” Theories abound to explain the workplace phenomenon, but Stanford business professor Jeffrey Pfeffer may have cracked the case by observing his students. “The problem,” says Pfeffer, author of the new book Power: Why Some People Have It—and Others Don’t, “is that ambition has become unfashionable in the younger segment of the workforce.” Whereas motivated young professionals used to slug it out for coveted pro-motions, many of today’s B-school graduates find such interoffice competition uncouth. Famously team--oriented, millennials would rather collaborate with their co--workers...
  • Debt Issuance To Emerging Markets Skyrockets

    Debt issuance to emerging markets skyrocketed in September, reflecting a preference for liquidity by sovereigns and corporations, according to a new report from Bank of America Merrill Lynch.
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    A Foreclosure Hurdle for the Capital

    Most financial reforms have focused on reining in Wall Street. But a new study by the American Sociological Review highlights what could be a more important regulatory target: civil rights. Like previous research, the report found that blacks were more likely than whites to have subprime mortgages or homes in foreclosure, even among borrowers with similar incomes. But it goes further, noting that while poor whites are spread around, decades of racism in the real-estate market has clustered poor blacks. That has allowed predatory lenders to reach more people and “multiplied the effects of the crisis.”
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    What You Need to Know About Flawed Foreclosures

    With public anger heating up over the dubious practices mortgage lenders have been using to push through foreclosures, all 50 state attorneys general have launched a joint investigation into the matter. A housing expert explains why these foreclosure problems are only now being addressed, how a moratorium can help, and what a homeowner should do for protection.
  • The Age of Austerity

    We have entered the Age of Austerity. It's already arrived in Europe and is destined for the United States. Governments throughout Europe are cutting social spending and raising taxes—or contemplating doing so.
  • alternitive-energy-oil-ta05-hsmall

    Will: The Energy Future Will Look Familiar

    There is ethanol promoted by government, which need not turn a profit. There is algae research by ExxonMobil, which does need to. Which do you think is most apt to serve the nation’s needs?
  • china-biz-fe05-artlede

    Made for China

    With Western markets sagging, luxury firms are tailoring products to the Middle Kingdom.
  • Connecticut's Corporate Tax Breaks Hinder Hiring

    Every year, dozens of governors, particularly Republicans, win plaudits for curbing business taxes and state expenditures. The Cato Institute, for instance, recently gave A’s and B’s to those (Rick Perry, Mitch Daniels, Tim Pawlenty) who have supported “spending cuts and pro-growth tax cuts.”
  • recession-other-half-theft-fraud

    Why We Can't Shake High Unemployment

    Behind the jobs numbers: is high unemployment just a cycle, or is there a more serious mismatch between job openings and the unemployed? Both explanations may be true.
  • Would Raising Taxes on Rich Hurt the Economy?

    Republicans, moderate Democrats, and even members of President Obama’s economic advisory board say raising taxes on the rich will slow the economic recovery. But that’s only if you don’t do something smarter with the money.
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    Why Some Millionaires Want Their Tax Cuts to End

    Meet the millionaire cofounder of Seventh Generation who is part of a growing movement of wealthy people urging Congress to let the Bush tax cuts expire. For them, it isn’t just a moral question; they say financially the government cannot afford to let them pocket that money.
  • rich-super-rich-bloomberg

    Rich Camp: Teaching the Wealthy About Money

    A growing number of big banks and private-wealth-management firms are offering seminars for rich people to teach them how to handle their money following the global financial collapse and the Bernie Madoff scandal.
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    Currency: The Coming Money Wars

    The Japanese are doing it again. The Koreans prefer to do it when nobody’s watching. The Chinese are at it brazenly and, like everything else they do, on an enormous scale. The Swiss tried it, without much success.
  • bully-interactive-wide-slah-v3.jpg

    The Booming Anti-Bullying Industry

    As instances of school, workplace, and cyber-bullying receive greater attention, an unregulated web of consultants, therapists, and coaches have sprung up.
  • infastructure-ta02-wide

    The Case for Investing in Infrastructure

    There has never been a better moment for America to rebuild. An unlikely and unwelcome array of forces has converged to match our needs and the economy’s bargains almost perfectly. The only question is if we’ll run our government like a business, alert to good opportunities, or if we’ll run it as we have been, squabbling among ourselves while things get worse.
  • my-turn-sc60-vl

    My Turn: Bring the Big Banks to Justice

    It’s often argued that proving criminal-fraud cases in finance is difficult. That’s true, but when the government gets serious, it finds a way to get the information it needs.
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    BMW Brings Rolls Royce's Ghost Back From the Dead

    Ian Robertson, a member of BMW’s board of trustees and chairman of Rolls-Royce, is pleased with how the Ghost turned out. “What we didn’t want to do was have anyone say that this Rolls-Royce was just a rebadged BMW in a different form,” he says. “This is one of the greatest brands the world has ever seen, and it deserves to have its own personality and style.”
  • bob-sutton-sc51-tease

    Robert Sutton of 'Good Boss, Bad Boss' on Leaders

    In his 2007 bestseller Stanford professor Robert Sutton explained the true cost of bad apples in the workplace. Now he puts the focus on managers, who set the office tone—for better or worse.
  • the-recessions-winners-and-losers-profited

    Who Won, Lost Under TARP?

    Whether the bailout helped to prevent another depression or did nothing at all, taxpayers were out a lot of money. Where did it all go and who made out the best?
  • Will Gold Keep Glittering as an Investment?

    Nothing inspires a gold rush quite like, well, gold. Since July the precious metal has spiked to more than $1,300 an ounce—a rally on top of a longer rally dating to 2002, when the price was below $300.
  • good-business-fe07-tease

    How to Be a Social Entrepreneur

    Is it possible to do good and do well? Businesspeople with a goal to better society—known as social entrepreneurs—think so. Unlike traditional nonprofits, these do-gooder companies turn a buck while pushing for environmental and social goals, like helping people out of poverty or reducing the use of harmful pesticides. And the idea seems to have caught on; the sector is currently pumping out millions of dollars in revenue each year. So how can aspiring social entrepreneurs get in on the success? Newsweek spoke to Blake Mycoskie, founder of TOMS Shoes, a company that gives away a pair for every pair it sells, and to George Siemon, a founding farmer of Organic Valley, a dairy co-op, to find out. Their advice: