Monday, March 16, 2009

Why Bad Times Nurture New Inventions

[13 March 2009 - New York Times - Opinion] With consumer confidence plunging, the jobless rate rising and the gross domestic product falling at a rate second only to the decline seen in the 1982 recession, there's little hope of good economic news anytime soon. But some economists and historians point out that such fallow ground can make a fertile bed for seeds of innovation and invention. What kinds of businesses thrive in recessionary times? How do entrepreneurs get a running start in a recession? More

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