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Persistent Overoptimism Three Ways: Truckers, Fed Economists, Manufacturers

MishTalk

Trucking Industry Entering a Profit-Killing Era of Overcapacity? As surface transportation’s peak period ends for the year, and trucking eyes the traditionally slowest time for the industry as first quarter 2016, economic signals are, at best, mixed. Operating revenue decreased 15.9 percent to $182.5 percent to $160.7

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Kodak’s Downfall Wasn’t About Technology

Harvard Business

Maybe in 2010 it would have lured a young engineer from Google named Kevin Systrom to create a mobile version of the site. Today the company has annual revenues above $20 billion, competes in healthcare and electronics operations and derives significant revenues from document solutions. The right lessons from Kodak are subtle.

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Shockingly Bad Fiscal Health of Chicago (and the Financial Engineering Chicago Uses to Hide that Fact)

MishTalk

Guest Post I mention the above to prove Culpepper is highly regarded in the industry. The Corporate Fund is Chicago’s general operating fund. Chicago’s property tax revenues do not go into its general operating fund. The $326 million budget stabilization fund was exhausted by 2010. She knows what she is talking about.

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Research Shows That Smaller M&A Deals Work Out Better

Harvard Business

This is one of the findings from a recently completed study based on publicly available information on the world’s 2,393 largest corporations for the time period 2010–2014. Walter Thompson Company for $566 million in 1987 and Ogilvy for $864 million in 1989 — big acquisitions that stretched the company’s balance sheet.

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Stop Focusing on Profitability and Go for Growth

Harvard Business

Bain & Company’s Macro Trends Group carefully analyzed the global balance sheet and found that the world is awash in money. Global capital balances more than doubled between 1990 and 2010 — from $220 trillion (about 6.5 Yet the same crisis ushered in a new age of capital superabundance. times global GDP).