Our bailout of Detroit will be remembered as the equivalent of pouring billions of taxpayers' money into the mail-order catalogue business on the eve of the birth of eBay.
Thomas FriedmanIt has always been my view that terrorism is not spawned by the poverty of money; it is spawned by the poverty of dignity. Humiliation is the most underestimated force in international relations and in human relations. It is when people or nations are humiliated that they really lash out and engage in extreme violence.
Thomas FriedmanI think the Arab awakening has changed everything and I think a lot will depend on what people there ask of us, may be nothing, it may be a lot. I think that really depends how they find their voice and what they see as their real interest, and hopefully that would be for more schools and not more tanks.
Thomas FriedmanA 2011 report produced by Forrester Research estimated that the revenue generated through the sales of smartphone and tablet applications will reach $38 billion annually by 2015. Think about that: An industry that did not exist in 2006 will be generating $38 billion in revenues within a decade. . . .
Thomas FriedmanIf you want to get an advance machine tool job today, you need to know calculus. We know a lot of people don't, we can't expect everyone to know calculus, what do we do? We created a huge bubble that created a huge number of jobs to build houses and to be in retail. You don't have to have a lot of skills to work in the new Gap store that opened, at the latest Starbucks branch, or to hammer a nail for a new house.
Thomas Friedman