Business

• Davos Dispatches: George Soros Expounds Upon Bubble Philosophy

  George Soros always starts his annual lunch at Davos by...

• Bailed-Out Banks Deserve the Public's Scrutiny

  How banks brought on the scrutiny.

• David Frum: Obama Needs Moderate Republicans

  Obama needs moderate Republicans in his political coalition, but he's losing them.

• Jobs and Careers: Do You Need a Life Coach?

  They promise to improve your personal and professional life. But are they worth the money?

• Jobs and Careers: Do You Need a Life Coach?

  They promise to improve your personal and professional life. But are they worth the money?
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  Jobbed: Five Jobs That Pay $100k or More

  Our weekly look at employment openings with salaries of $100,000 or more.

• Jobbed: Five Jobs That Pay $100k or More

  Our weekly look at employment openings with salaries of $100,000 or more.

• Alter: The Roberts Court Radicals

  Dick Durbin's got a good idea.

• Discussing Global Economic Crash at AEA and Davos

  How economists are competing to make sense of our failed financial system.

• Rebuilding Haiti Means More Than Bricks and Mortar

  Rebuilding Haiti means more than just bricks and mortar. It means building institutions.

• Peter Sands, Robert Diamond on the Global Economy

  Where is the global economy headed in 2010, and is the financial crisis really behind us? Two banking heavyweights, Barclays president Robert E. Diamond and Standard Chartered CEO Peter Sands, give their take to NEWSWEEK's Stefan Theil. Excerpts: ...
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  Jobbed: Are Wall Street Bonuses Really So Bad?

  That's good news for New Yorkers who are hoping Wall Street's billions will trickle through the rest of the city.

• Reverse Innovation Powers Globalization

  What do a $2,500 Tata Nano, a $250 Acer Netbook, and a $1,000 General Electric handheld electrocardiogram device have in common? According to Vijay Govindarajan, a professor at Dartmouth's Tuck School of Business, all three are examples of "reverse innovation"—a concept that's becoming the next big driver of globalization. "Historically, American companies innovated in the U.S. and took those products abroad," says Govindarajan, who coauthored a Harvard Business Review article on the idea with Dartmouth colleague Chris Trimble and GE chairman Jeff Immelt in October. "Reverse innovation does the opposite: companies now innovate in poor countries and bring the products to the U.S."Because they're designed for emerging markets, these products—like the Nano, a tiny automobile designed for India, or the GE EKG, priced far below a conventional unit—are dramatically less costly, making them appealing to frugal consumers in developed countries. Reverse innovation will also grow as...

• How Obama's New Wall Street Proposals Will Punish Goldman Sachs

  How the president's new Wall Street proposals will—and should—punish Goldman Sachs.

• Brill: Why We Should Pay for the New York Times

  How significant is 's decision to charge for its Web content? Very, says Steven Brill.

• Economy: Is Taxing Big Banks Unconstitutional?

  Big banks are considering challenging Obama's proposed tax as unconstitutional. This is a bad idea.

• Why Does Wall Street Pay Such Big Salaries?

  Do big bankers deserve their high salaries?

• How Technology Can Transform Cities

  The chairman and chief executive of IBM on the change agents of the 21st century.

• Google's Eric Schmidt on China and Censorship

  Google CEO Eric Schmidt has long defended his company's decision to do business in China despite the restrictions that Beijing imposes on Internet freedom. Nevertheless, last week the company abruptly threatened to pull out after suffering hacker attacks believed to have originated in China. Schmidt explained why to NEWSWEEK's Fareed Zakaria in an exclusive interview. Excerpts: ...

• Zakaria on Google's Battle With China

  How the Democratic Republic of Google is testing China's appetite for democracy itself.

• Can a New Owner Modernize the Greenbrier Resort?

  Will the hotel that has hosted 26 presidents be around to receive Barack Obama?

• Why Free Markets Require Free Minds, Even China's

  Free markets require free minds.

• Who Is Running Detroit? The Obama Administration

  GM, Chrysler, and Ford deserve credit for finally building cars Americans want. But the real driver of change is the Obama administration.

• Financial Crisis Inquiry: Just Political Theater?

  Wall Street and Washington escape whipping again as the Financial Crisis Inquiry Commission gets underway.

• Economy: The Bank Subsidy You May Not Have Heard Of

  The big banks claim the government isn't helping them anymore. Not exactly. Check out this little-known subsidy.
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  Jobs: How Many Hours Are You Willing to Work?

  Striking a work-life balance was once an American obsession. Now all we want is work. Be careful what you wish for.

• Jobs: How Many Hours Are You Willing to Work?

  Striking a work-life balance was once an American obsession. Now all we want is work. Be careful what you wish for.

• Economy: Is The Dollar As Weak As Conservatives Say?

  Conservatives claim Obama's policies are weakening the dollar. Let's examine the evidence.

• China's Soft-Power Efforts

  Beijing isn't trying to impress us.

• Recession Generation Will Spend Less for Life

  Those entering the workforce now will likely make less and save more—not just in the short term but for the rest of their lives.

• Geithner Under Fire for Fed E-mails to AIG

  Criticism has dogged the Treasury secretary for months. Now newly uncovered e-mails indicate how the New York Fed, under his tenure, directed AIG to keep quiet about its disbursement of $62 billion in bailout funds.

• An Audi for the Road That Drives Like a Race Car

  The new year always brings with it automotive nirvana: a rash of new vehicles that are quicker, prettier, and more fuel-efficient than the previous year's. For 2010, one standout is the Audi R8 5.2, a raucous V10 that's as fetching to look at as it is agile to drive. At first glance it appears to be a race car: angular, low riding, and with a track-eating 5.2-liter, 525-horsepower engine under a transparent cover in the rear.The R8's superior handling comes courtesy of a midmounted engine that gives excellent front-rear balance to the car, a delightful attribute that I experienced on a recent ride around a racetrack. All-wheel drive with rear-end bias also contributes to greater traction. But it is the Audi's engine, purposely built with a racing spirit—it's the same powertrain that propels the R8 LMS GT3 race car—that makes this two-seater so quick. And yet the R8 5.2 rides smoothly enough to be an everyday driver. A button takes the suspension from a softer "normal" setting to a...

• Why Losing 84,000 Jobs Isn't as Bad as It Seems

  Why losing 84,000 jobs last month isn't as bad as it seems.

• The Economy Will Recover Despite Weak Home Sales

  Why the American economy will recover even if the housing market doesn't.

• How The Cable Wars Will Hurt Consumers

  How the conflict among News Corp, Time Warner and Comcast will hurt consumers.
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  Economy: The Great Recession’s Aftermath

  Has the mix of economic trauma and aging made us prudent—or merely fearful?

• Is Carbon Regulation Good for Business?

  Cap-and-trade opponents have tried to portray the legislation working its way through Congress as bad for business. The U.S. Chamber of Commerce says it would set off a "catastrophic cascade" of lawsuits and "choke off growth"—and some economists say that the House bill, if enacted, would shave 1 percent off GDP growth in the near term. But carbon regulation is coming—the EPA last month declared greenhouse gases a danger to public health—and some believe CO2 emissions are poised to become a key performance indicator, like cash flow or supply-chain efficiency. IBM is betting the new rules will boost its business. Since 2007, the company has helped 3,300 companies reduce energy use by an average of 40 percent. Most recoup their investment within 18 months, according to IBM. "For every dollar saved on energy, there's an additional $6 to $8 in operational savings," says Rich Lechner, IBM's VP for energy and environment. Just as firms like SAP made billions in the 1980s and '90s selling...

• Small Banks Gone Bad

  Of the companies that took TARP money and owe the Treasury a quarterly installment, most have paid on schedule—but the number of banks missing deadlines is on the rise. Small banks at riskTwelve banks have missed three straight payments. The delinquent institutions tend to be small and regional. Many giants, like Goldman and B of A, have paid off their TARP loans fully. An exception is CIT Group, which got $2.3 billion and filed for bankruptcy Nov. 1.

• Gross: The Dangers of Economic Pessimism

  The dangers of economic pessimism.

• Small Business Makeover: How to Manage Growth

  It's hard to complain when your company grows by more than 1,300 percent. But for Clear Align, a maker of surveillance equipment for the military, success is proving to be difficult to manage.

• Journalism: What's Wrong With News

  Why journalism is increasingly shortsighted, unreasoned and selfish.

• Survey: There Will Be More Jobs in 2010

  Will the job market rebound in 2010? Yes, according to a new employment survey.

• Faith-Based Networking: Churches and Job Hunting

  In this economy, finding a job can be an exercise in faith. How houses of worship are turning into career centers.

• Obama's Nightmare: Passing Health Reform

  The president's self-indulgent crusade to seize the liberal holy grail of 'universal coverage'

• Why the Redskins Still Win Despite a Losing Record

  Despite a five-year losing streak, the defection of its most important Beltway fans, and a key management shake-up, the Skins generate more revenue than the Yankees. How is that possible?

• Why Banks Are Repaying Their TARP Funds

  The surprising reason why banks are suddenly repaying their TARP funds.

• Global Economy: How Strong Should the Dollar Be?

  Is a strong U.S. dollar really good for the economy and the country? Maybe not.

• U.S. Business-School Grads Seek Jobs Abroad

  For new business-school graduates, the road to success no longer leads directly to Wall Street.

• Tiger Woods: The Price of a Celebrity Endorsement

  His comeback to the pro tour may prove easier than his return to the heights of celebrity endorsements.

• Economy: Should You Default On Your Debts?

  If billionaires don't feel guilty about walking away from their debts, should homeowners?

• Jobs: High-Tech Ads Create Super Hand Models

  How the advertising boom for iPods, Kindles, and other gadgets is creating a new kind of supermodel.

• Global Economy: The Typical Investor Myth

  Who is Mrs. Cohen from Hadera, and should Israelis care where she puts her money?

• Retirement Savings: How Safe Is Your Nest Egg?

  The stock market's rebound may have you thinking you're once again ready for retirement. Think again.

• Environment: Turning Carbon Into Cash With Offsets

  How the carbon-offsets market is turning Wall Street traders and an African stove maker into unlikely business partners.

• High Unemployment is Here to Stay

  Short-term prospects may be brightening, but high unemployment will be a fixture for the foreseeable future.