A recent column by Ann Quindlen called "Follow the Leader" seems a great illustration of why the mainstream media is going bankrupt. Quindlen has written a long time for Newsweek, a dinosaur that is on its last legs. Her thesis here is that America's unhappiness with Obama arises because we are too confused to understand complex issues. Her writing then goes on to demonstrate that Ms. Quindlen is too confused to understand the simplest issues.
At the Institute, we are currently building a presentation on the current financial crisis and its connection to longer-term trends in the economy. We believe that certain fundamental things about business are changing and that only those organizations than can adapt to them will survive.