Oligopoly: When a few firms dominate a market. Together, they can behave as if they were single monopoly, perhaps by forming a cartel. Or they may collude informally, by prefering non-price competition to a price war.
Lake Michigan is more than a recreational attraction. It also fuels more 120 water-related businesses in the Milwaukee area, including world-class companies on the cutting edge of water technologies: Veolia Water, ITT Corp., GE Water & Process Technologies and Siemens.
Engineers, skilled machinists and welders are among the hardest-to-fill jobs in the Milwaukee area. Nurses are hot, so to speak, and computer network professionals are also at a premium, according to interviews with area recruiters and Manpower Inc.’s annual survey of employers.
Frustrated by lack of leadership at the national level, more states are turning to energy efficiency initiatives to secure their own futures. Wisconsin recently entered the fray with Clean Energy Wisconsin, which is aimed at making the state a leader in alternative energy research and development.
Corporate social responsibility has come a long way since 1970, when economist Milton Friedman called its advocates “unwitting puppets of the intellectual forces that have been undermining the basis of a free society for three decades.”
There was a time when an area’s prosperity was directly linked to its natural resources, low-cost labor and tax incentives. The Mountain West mined. The Plains States grew wheat and corn. The Pacific Northwest cut lumber. Cities along the Great Lakes, like Milwaukee, blessed with cheap transportation...