Baltimore Sun update
Remember when I posted last week about the Baltimore Sun architecture critic who was investing in homes in neighborhoods he was writing about? The Sun is apparently making him divest of those properties before he writes again about those areas.
Here is the paper’s explanation.
It’s about time. Any business reporter caught writing stories about areas in which they also invested would have been fired immediately.
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This is completely off the subject; and I apologize, but all morning I’ve been reading business stories and a reoccuring theme for some major American (nike and tiffany were two I read about)companies is that the only reason they’re doing well in the stock market and with profits is because of Asian/Pacific markets. I was wondering what do you think this will mean for the American economy especially since the money isn’t coming from American consumers?
Amanda,
It doesn’t mean much. They country has been running at a trade deficit for the past 30 years, and the trade deficit this year will exceed $500 billion. Some would argue that despite this growing trade deficit that the American economy has had some of its best years in the past 25, especially in the 1990s.