Category Archive for Technology

Creative Destruction

A recent article in the Wall Street Journal highlighted a very real force that moves throughout our world economy, a power once described by the economist Joseph Schumpeter as the “Gale of Creative Destruction.” Though the article did not specifically reference the expression itself, the author makes multiple inferences to it, suggesting that the ingenuity…

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The Future of the Motor City

In today’s political arena, protectionism has again come back into vogue, as pundits on both sides question the benefits and consequences of globalization. Many believe that policies which reduce foreign competition can help put Americans back to work doing the jobs that once made the US economy strong. No city in America can make a…

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The Rise and Fall of Yahoo

Last week, we outlined “economic moats” and the power of competitive advantages.   The prudent allocation of capital by company management is a critical factor in how companies compete and create shareholder value.  Companies that consistently invest in projects or acquisitions with returns on capital greater than their cost of capital tend to deliver solid returns…

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Industry 4.0: A New Era In Manufacturing

For most, the term “Industrial Revolution” invokes images of steam engines, textile mills and gas lighting. However, this was but the first of many landmark transformations in the world of manufacturing. With mass electrification came a second revolution, marked by mass production and assembly lines, laid the groundwork for a globalized economy. In the postwar…

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The Race for the Driverless Car

In recent years, the idea of putting driverless cars on the road has moved from Sci-Fi fantasy to reality; autonomous vehicles are even now being proposed as a way to make driving safer by removing the distracted driver, and as a way to ease congestion on roads. Due to the large business opportunity of producing…

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Is Manufacturing Really Dying in the US?

Over the past few decades, incomes have stagnated and the middle class has felt increasingly vulnerable in the United States. In the past few elections cycles (most notably this current one), international trade has been blamed as a contributing factor to the decline in middle class incomes and economic security. Specifically, trade with Mexico and…

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How New Payments Technologies are Killing your Budget

The first credit cards introduced in 1950 by Diner’s Club were in some ways the beginning of the end of the American consumer’s budget. The credit card, by virtue of allowing consumers to buy now and pay later, has made it easier to purchase larger items. While this is beneficial and has made purchasing flights…

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The Blockchain and Bitcoin: Another Leapfrog Technology for the Developing World?

Blockchain technology and Bitcoin have become two widely discussed emerging technologies; industries such as healthcare and financial services are investing significant resources into implementing Blockchain technology as a way to manage large public databases (see our recent post on the Blockchain for more details). However, some of the greatest value of Bitcoin and the Blockchain…

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The Future of the Blockchain: A Better Way to Manage Large Databases

For years, Bitcoin has received media attention and venture capital investments for its potential in creating a new, wholly digital currency. However, perhaps the most revolutionary part of Bitcoin is not the currency itself, but rather the underlying mechanism that powers it: the Blockchain. The Blockchain acts as a decentralized, tamper proof ledger, which allows…

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The Promise of Driverless Cars

One technological innovation with the potential to drastically transform transportation and cities is the driverless car. Companies like Google, Mercedes, and Tesla are expected to launch a driverless car by 2020, bringing changes to the way we travel much sooner than expected. While reinventing the idea of the personal automobile will provide some solutions to…

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