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Persistent Overoptimism Three Ways: Truckers, Fed Economists, Manufacturers

MishTalk

The Institute for Supply Management’s index of factory activity slipped to 50.1 Third-quarter Gross Domestic Product grew at a 1.5 When the bubble bursts, the resulting debt overhang forces borrowers to repair their balance sheets via reduced spending or default. in October from 50.2 in September.

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Kodak’s Downfall Wasn’t About Technology

Harvard Business

Sasson himself told The New York Times that management’s response to his digital camera was “that’s cute – but don’t tell anyone about it.” Before Mark Zuckerberg wrote a line of Facebook’s code, Kodak made a prescient purchase, acquiring a photo sharing site called Ofoto in 2001.

Film 28
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Why GE’s Jeff Immelt Lost His Job: Disruption and Activist Investors

Harvard Business

GE made a $4 billion bet on connecting industrial equipment through the internet of things and analytical software with a suite of products called Predix Cloud. Then they buy stock in these public companies and attempt to convince management to increase the price of the shares. Innovation at GE was on a roll. Then it wasn’t.