The upside of recession

Tribune-Review/Pittsburgh Tribune-Review | December 14, 2008| | Copyright

Last week, in the second round of a national soap opera, Congress questioned the heads of America's Big Three automakers who were looking for a cure-all. Except for a notable few, like Sen. Richard Shelby of Alabama, most congressmen had little or no idea of the ramifications of the potential action they were considering.

For most of the last century, American business management practices were the envy of the world. Under leaders like Henry Ford, the American automobile industry led the world into the great efficiencies of mass production. Automobile companies flourished to become icons of ...

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