Brian Gongol

People would be well-advised to check out their own settings promptly. Some unfortunate unintended consequences are already emerging. Like previously-private photos of the CEO showing up for all the world to see. The social-networking site has made plenty of mistakes and will continue to do so in the future.

The VAT (basically a sales tax) is jumping from 15% to 17.5% on New Year's Day. That's going to hurt. But then again, things are going to hurt much worse if the country doesn't get its national debt under control -- it's already at 55% of GDP. Why should Americans care? Because our debt-to-GDP ratio is at 80% and rising. In other words, Britain's tax hikes are like a peek into America's future.

The magazine that has served the newspaper industry forever is summarily executed. Not a particularly reassuring condition for the newspaper industry.

How the volume of activity on the Internet compares to things like the amount of content published in the New York Times on a daily basis or the number of letters sent each year

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Some were simply merged with others, but many faded away. That's why 100-year business plans matter. They keep businesses from wasting all of their employees' energy and owners' capital on failure.
