The U.S. businessman has long kept a suspicious eye on what's been going on in Washington. Meantime some surprising things have been happening in his own backyard -- subtle but pervasive changes in American ideas that ultimately may prove more decisive than anything that has occurred in politics or economics.
By William H. Whyte, Jr.
Editor's note: Every Sunday, Fortune publishes a favorite story from our magazine archives. The Penn State abuse scandal MOREJul 22, 2012 8:00 AM ET
Inside one of the world's weirdest Ponzi schemes. A review of Octopus: Sam Israel, the Secret Market, and Wall Street's Wildest Con, by Guy Lawson.
By Jennifer Reingold, senior editor
FORTUNE -- Forget Bernie Madoff. If you want a really crazy story about a Ponzi scheme --one where the scheme itself is actually the least interesting part of the whole sordid saga -- take a look at Guy Lawson's Octopus: Sam MOREJul 20, 2012 7:54 AM ET
After years of trying -- and failing -- General Motors finally has a shot at giving the German luxury manufacturer a run for its money.
By Doron Levin, contributor
FORTUNE -- With the introduction of the Cadillac ATS, General Motors Co. (GM) is anchoring its model lineup with a compact sedan aimed straight at the BMW 3 Series, Mercedes C-Class and Audi A4 -- the German triad that dominates global luxury car MOREJul 19, 2012 4:04 PM ET
Rumors of meritocracy's demise may be exaggerated. A review of Twilight of the Elites: America After Meritocracy, by Christopher Hayes.
By Lisa Mogilanski, contributor
FORTUNE -- I could see them from my dorm room window. The signs on the tents in front of the John Harvard statue read: "We want a university for the 99%!" With this slogan, Occupy Harvard -- a student protest expressing solidarity with the larger Occupy movement MOREJul 19, 2012 7:47 AM ET
It's the fastest-growing food segment in the nation with many more spoons to fill.
By Beth Kowitt, writer
FORTUNE -- Any way you want it, that's the way they make it: Swiss, Greek, drinkable, probiotic, nonfat, cream top, crumble top. At McDonald's (MCD) it's served as a parfait, at the farmers' market it's made out of goat milk (from local goats, natch). Yogurt's growth has outpaced the rest of the U.S. MOREJul 17, 2012 5:00 AM ET
But first Steve Girsky will have to fix GM's badly broken European operations -- a disaster that has burned through $14 billion in a decade and claimed many executives before him.
By Doron Levin, contributor
FORTUNE -- When Stephen J. Girsky was a Morgan Stanley equity analyst routinely criticizing General Motors' myriad shortcomings, executives at the Detroit automaker surely wondered how a Wall Street know-it-all might actually perform if he was in MOREJul 16, 2012 8:33 AM ET
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