Competition from Abroad

HOW TO MAKE A CAR

I know: they’re all socialists in Germany, with those awful six-week vacations, those dreadfully short work weeks, and that free medical care. Still, they seem to almost as far along economically as we are – well, for example, the jaw-dropping video of this German automobile factory. WOW. We may even have a little catching up to do.

In that vein . . .

THE VIEW FROM ABROAD

We’ve recently had Der Spiegel and the Globe & Mail on the Republican candidates. Herewith China’s view of our macro-economic challenges, as reported in the Wall Street Journal. Sobering stuff. (Hint: maybe we should start taxing ourselves to modernize our infrastructure?)

Tomorrow: the best Christmas Card of the Season and the Power of Compounding