Morning Reading, selected articles of interest from various publications.

The Failed Promise of Innovation in the U.S., by Michael Mandel

During the past decade, innovation has stumbled. And that may help explain America’s economic woes
If the reality of innovation was less than the perception, that helps explain why America’s apparent boom was built on borrowing. The information technology revolution is worth cheering about, but it isn’t sufficient by itself to sustain strong growth—especially since much of the actual production of tech gear shifted to Asia. With far fewer breakthrough products than expected, Americans had little new to sell to the rest of the world. Exports stagnated, stuck at around 11% of gross domestic product until 2006, while imports soared. That forced the U.S. to borrow trillions of dollars from overseas.
Read Article

Food Truck Nation
A new generation of lunch trucks is hitting the streets. They serve high-end fare such as grass-fed beef hamburgers, escargot and crème brûlée. As they rove cities like Austin, New York, San Francisco and Los Angeles, they alert customers to their locations using Twitter and Facebook. Their owners include highly trained chefs and well-known restaurateurs.
Read Article