The former Secretary of State is either completely ignorant of of the basic facts associated with the financial industry or he is a paragon of someone who has succeeded in a massively slanted socioeconomic system an has no interest in seeing it even slightly leveled.
"Invest in Kentucky" can prove to be an influential force if it chooses to get the discussion started. But it first needs to turn its sights to the right target, and petition the General Assembly to effectuate the change it so desires.
Leaf through the yellowing archives of business journals and you'll find endlessly repeated the story of a ruthless yet heroic CEO who scoured the realm for "inefficiency" and magically made share prices rise by lopping off the heads of so many superfluous employees.
Rating agencies are in an inextricable situation when it comes to sovereign ratings. On the heels of their near-collapse of structured products, they must confront the issue of the credibility of sovereign ratings in a holistic way.
Unless you live on a small, green island off Washington State, or haven't read his books or participated in his workshops, you've probably not heard of Michael Sky. He is a dear friend, and he is dying.
If you think chaos in Libya is the only force driving up gasoline prices these days, think again. Over the past few decades, institutional investors like hedge funds and investment banks have flooded oil markets with hundreds of billions of dollars.