For the “Too Good to be True” File - For many years, American thumbed their noses at Europe because Europeans couldn’t match American worker productivity gains. Paul Krugman points out that this may have been a mirage. Half of the productivity gains were in the financial sector.
For the “Death Watch” File - 24/7 Wall Street lists 12 major brands that it predicts will disappear over the next year or so.
For the “Great Things Don’t Last Forever” File - Nokia reports net profits fell by 90% in the first quarter.
For the “It is not a Crime to be Silly” File - Gail Collins reflects on the US tax revolt in Texas, led by Governor Rick Perry who dares to use the “s” word.
For the “Am I Scaring You?” File - NATO has decided to hold military excercises in Georgia. According to BBC, Russian President Medvedev thinks this is “dangerous”.
For the “Better Products Sometimes Prevail” File - Om Malik reports that Androd is having success in cometing with Mobile Windows. I would be shocked if it did not.
For the “I Wish I had Invested in That!” File - Motely Fool explains why ExxonMobile is the best company in the history of the world.