I read a story several years ago about a family who decided to stop buying products made in China for a year. The mother, a journalist, said she’d noticed how China had taken over the manufacturing of consumer goods in the United States. Not only was it difficult to avoid such products, the non-China things the family did buy cost more money.
I know of three Christian businessmen who began their careers using heavy leverage—meaning they borrowed a lot of money. Each learned the biblical warnings and dangers of debt. Each responded. Then their stories diverge.
“I’ll give you five cents for the person who can identify the problem—that’s the easy part. I’ll give 95 cents for the person who can fix it,” H. Ross Perot told an audience of Harvard Business School students back in the mid-1970s.
Those students sat in stunned silence. For two years they had been taught that identifying the real problem, determining all the possible solutions, evaluating them thoroughly, and then picking the optimum one was 99 percent of the job. But in just 60 seconds, a self-made billionaire with a high-pitched nasally voice burst their bubbles.
Business | About 1.4 million people signed a pledge to boycott Target stores over the company’s transgender bathroom and fitting room policy. Target’s same-store sales during the same quarter were down for the first time in two years.
