Business news is not very good these days. Though the U.S. is technically in its 28th straight month of growth, big airlines are struggling, the computer industry is in the midst of a protracted shakeout, and drugmakers are in turmoil. Last week even Procter & Gamble, the nation's leading household- and personal-products company, announced it will close 30 plants and eliminate 13,000 jobs in an effort to meet the prices of discount and private-label competitors. In times like these, they used to say that a sneeze by the American economy gave Detroit a bout of the flu.
Not so this time....
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