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...Paralysis isn't unique to Japan; it appears to be a common affliction throughout the developed world. But by looking at Japan, we can get a good idea of the damage it can do. Unwilling to make hard choices, the government simply threw taxpayer money around, attempting to keep people employed without fundamentally changing the economy. The result is government debt approaching 200% of GDP. Overly protected at home, Japan Inc. has missed out on the globalization game; its companies, unable to adapt to a changing world, are losing global market share to more nimble competitors. The nation that once...
...Angelina Jolie, Dustin Hoffman, Seth Rogen and Jackie Chan helped 2008's Kung Fu Panda reach its $60.2 million opening weekend, or that Reese Witherspoon, Rogen, Paul Rudd, Hugh Laurie and Stephen Colbert lent heft to last spring's Monsters vs Aliens ($59.3 million). Dragon's lead, Jay Baruchel, isn't yet at that level of star wattage. Audiences had to be sold on the movie by its teen-trains-a-dragon premise and, even more, by the DreamWorks brand name; the studio's hope was that people would see the movie, enjoy it, then tell or text their friends...
...rapper Ali B for a line of clothing in Europe. Jay Li says Li Ning will not rush its growth internationally, but he's confident it will become a global player. "We have aspirations to be a global brand, and we will eventually get there," he says. Jay Li isn't the only one who thinks Li Ning is poised to break out. The Credit Suisse Research Institute released a report at the end of February calling Li Ning one of the 27 "Great Brands of Tomorrow." (Watch a video about running barefoot...
...Nike isn't shaking in its boots yet, but permanent dominance in American sportswear is never a shoo-in. When Li Ning opened its Portland retail store to the public for an hour on Feb. 15 for its grand opening, sneaker heads lined up for five hours to be among the first to own a pair of BD Dooms, basketball shoes named after NBA point guard Baron Davis. Jay Li admits they lined up "not because of Li Ning but because we have a world-class basketball shoe." (It probably also helped that Baron Davis himself was in the store...
...when Senators ventured to Norfolk Navy Base to explore the cramped sleeping quarters aboard a nuclear attack submarine and assess the impact of gays serving openly. Fifteen of 17 military personnel who testified at a hearing on the base that day strongly opposed lifting the ban. While opposition today isn't as high - and the public supports doing away with the ban - it remains a sensitive political issue, as Bill Clinton painfully discovered. He simply wanted to let gays serve by changing the regulation barring them from doing so. But Congress got so upset at that prospect that it passed...