I spoke yesterday with Dan Sichel, a Wellesley economist and a Lady Gaga fan. Both of these facts are relevant for this story.
The U.S. government is about to tweak the way it measures the economy, and some of the biggest changes will affect the entertainment industry.
Under the current system, Sichel told me, Lady Gaga's sales of concert tickets, online songs and CDs all count toward gross domestic product. But the value of the time she spends in the studio working on new songs isn't counted. That's about to change.
The year is 1839, and two great empires — Great Britain and Russia — are treating the world map like a chessboard, trying to outmaneuver one another for territory. For no reason other than geography, Afghanistan gets caught in the middle.
Today, as the U.S. ends its war in Afghanistan, historian William Dalrymple recounts the first time a Western power fought in that country. In Return of a King, Dalrymple details Great Britain's attempt to control Afghanistan by putting an ousted king back on the throne — a plan that went famously wrong.
General Motors has been the American car company in China. Even when GM was in bankruptcy, the Chinese continued to view Buick as a high-status, luxury brand.
But now Ford, an also-ran in the market for years, is making a push to change all that. Last year, Ford's sales were up more than 30 percent in China, and the Ford Focus was the best-selling car in both the world and China.