My favorite all-time author and columnist, multiple Pulitzer Prize winner Thomas L. Friedman, knows more about the Middle East and the global economy than all of the idiot pundits on television combined.
In his New York Times column Sunday, Friedman waxes poetic about one of his pet projects, this one a start-up company in St. Louis which is developing sort of a pacemaker to combat acid reflux. EndoStim is in its development stage. If successful, it and others like it will be the wave of the future in restoring the health of global economics.
Two things struck me as wondrous about Friedman’s perspective.
First, recipients of venture capital strive as well or better on one-tenth of the funding a federal grant offers.
Second, EndoStim is a vivid example of what he calls our flat world. Get this:
EndoStim was inspired by Cuban and Indian immigrants to America and funded by St. Louis venture capitalists. Its prototype is being manufactured in Uruguay, with the help of Israeli engineers and constant feedback from doctors in India and Chile. Oh, and the C.E.O. is a South African, who was educated at the Sorbonne, but lives in Missouri and California, and his head office is basically a BlackBerry.
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Jerry Remmers worked 26 years in the newspaper business. His last 23 years was with the Evening Tribune in San Diego where assignments included reporter, assistant city editor, county and politics editor.