US reaches $14tn debt limit and cuts investments -- The US has reached its debt limit of $14.3 trillion (£8.6tn) and is taking measures to cut spending to avoid breaching it. Treasury Secretary Timothy Geithner has said that he will suspend investing into two large government pension funds.
Design and the Public Good: Creativity versus the Procurement Process? -- "Government tries to choose design, when actually it needs to get better at choosing designers," said one contributor. "There seems to be an absolute acceptance to pay for science but a reluctance to pay the right price for creativity - creative thinking or design," said another.
Dealing with the decline of print...with innovation.
Harper, Donnelley in Wide Ranging Supply Chain Deal
-- HarperCollins and R.R. Donnelley have reached a comprehensive agreement that will significantly alter HC's approach to the supply chain. Under the agreement, Donnelley the longtime printer for the majority of HC titles, will now also fulfill and ship orders for new books for all of U.S. HC divisions including Zondervan. In addition, Donnelley will serve as HC's print-on-demand supplier in global markets. HC said the new arrangement, which will start to be phased in this fall, will lower costs and increase speed to market. As a result of the change, HC will close two of its four U.S. warehouses.
Changing the "online auction" forever.
Startup BidMyWay.com 'like eBay meets Groupon' -- "We provide a value that fits the consumer's budget and perceived value of goods or services," said John T. Shave, CEO and founder, who is known for building Chicago-based telecom provider GlobalCom into the largest privately owned telecom company in the United States in 2007 and 2008. First Communications, based in Akron, Ohio, bought GlobalCom for $58.5 million in cash, or 10.5 times EBITDA, on Oct. 2, 2008.
- Sheena Moore