Free Republic

Muckraking journalist Raviv Drucker said Wednesday the conduct of Israel's media in terms of Gilad Shalit was a model of surrender to emotions – which has caused tangible damage to the nation. Drucker told Israel's Hebrew-language Marker, "The media went bankrupt. It behaved emotionally, crazily and irrationally. This included Channel 10. It was psychosis. One program closed every day with a song about Gilad – and another program made a point of counting the days [he was in captivity]." "It's not that they silenced critics," Drucker said. "Nobody stopped me when I spoke out against the deal. But there was...

Peter Drucker didn't have a whole lot of nice things to say about those on Wall Street, at one point likening them to "Balkan peasants stealing each other's sheep." Given the magnitude of the latest crisis to grip Fannie Mae, Freddie Mac, American International Group, Lehman Brothers, and their friends, one can only imagine what kind of acid analogy he might have used today. Or perhaps he would have simply said, "I told you so." After all, so much of the trouble that has befallen these giants of the investment banking, mortgage, and insurance sectors—and that threatens to "undermine the...

"DRUCKER: NOT ALL JOBS ARE EQUAL IN WORLD ECONOMY" The renowned management consultant Peter Drucker explains in the new issue of Fortune that most people don't understand how job exportation and importation really works in the global economy: "Nobody seems to realize that we import twice or three times as many jobs as we export. We are exporting low-skill, low-paying jobs but are importing high-skill, high-paying jobs. Consequently, the industries that are moving jobs out of the U.S. are the most backward industries. The U.S. remains the cheapest place in the world to produce for many of the more advanced...