Sears – Where America Shopped

An uncertain future for the retailer.

"Sears was so powerful and so successful at one time that they could build the tallest building in the world that they did not need," says James Schrager, a professor of entrepreneurship and strategy at the University of Chicago's Booth School of Business. "The Sears Tower stands as a monument to how quickly fortunes can change in retailing, and as a very graphic example of what can go wrong if you don't 'watch the store' every minute of every day."

All Hail the Chairmen

On office chairs.

In the 1950s and '60s, the distinctions between rank found blunt expression in chair design, naming and price point; Knoll, for example, produced "Executive," "Advanced Management," and "Basic Operational" chairs in the late 1970s. Recall the archetypal scenes where the boss, back to the door, protected by an exaggerated, double-spine headrest, slowly swivels around to meet the eyes of his waiting subordinate, impotent in a stationary four-legger.

The Invisible Army

The expansion of private-security contractors in Iraq and Afghanistan is well known. But armed security personnel account for only about sixteen per cent of the over-all contracting force. The vast majority—more than sixty per cent of the total in Iraq—aren’t hired guns but hired hands. These workers, primarily from South Asia and Africa, often live in barbed-wire compounds on U.S. bases, eat at meagre chow halls, and host dance parties featuring Nepalese romance ballads and Ugandan church songs. A large number are employed by fly-by-night subcontractors who are financed by the American taxpayer but who often operate outside the law.

The People vs. the IRS

Why dealing with the IRS is so difficult – and the woman charged with making it easier:

[Nina] Olson noted that the IRS relied on computers to audit all but the highest-income brackets. “We’re getting to a situation where the only people who will get face-to-face audits are the 1 Percent,” she said. “For the majority of taxpayers, the IRS has become faceless, nameless, with no accountability and no liability.”

Bank of America: Too Crooked to Fail

Anyone who wants to know what the Occupy Wall Street protests are all about need only look at the way Bank of America does business. It comes down to this: These guys are some of the very biggest assholes on Earth. They lie, cheat and steal as reflexively as addicts, they laugh at people who are suffering and don't have money, they pay themselves huge salaries with money stolen from old people and taxpayers – and on top of it all, they completely suck at banking. And yet the state won't let them go out of business, no matter how much they deserve it, and it won't slap them in jail, no matter what crimes they commit. That makes them not bankers or capitalists, but a class of person that was never supposed to exist in America: royalty.

The Life

Interviews with modern travelling salesmen. The article inspired Kirn’s novel Up in the Air.

What makes this a truly military culture, besides its overwhelming maleness, its air of emotional deprivation and the lousy rations, is its obsession with rank and hierarchy. Like jungle gorillas, business travelers always know where they stand versus the rest of the group. In this parallel universe of upgrade vouchers and priority-boarding privileges, everyone has a number and a position, and who gets that open aisle seat in first class means even more on the road then who earns what.

White Collars Turn Blue

People know Krugman these days as a feisty political polemicist, but back when he was less politically engaged he was absolutely one of the very finest popularizers of economic ideas ever. This piece is a wonderful, brief introduction to the fundamental economic forces driving the world and a lot of my current thinking is preoccupied with the questions it raises. Reading it again, I realized that a point I like to make about the elevator being a great mass transit technology is almost certainly something I subconsciously picked up here.

-M. Yglesias