Just before watching David Ortiz's grand-slam home run in the Detroit/Boston game this evening, I watched 60 Minutes bat 1.000. Two out of three segments were excellent, one was good, and all had explicit or implicit economic content. Of course, I have some critical comments.
The good news was Dan Gilbert of Quicken Loans taking a risk and buying up buildings in downtown Detroit to locate his firm there from the suburbs.
Now the bad part from Simon. Simon asks: "Bob Simon: Are you doing what's good for Detroit or what's good for you?"
What I would have liked Gilbert to answer and what I answered to the TV in real time: "What do you mean 'or'?"
What Gilbert actually answered, which wasn't bad: "I know that sometimes there's Hollywood movies that, you know, describe every investor and profit-making capitalist as somebody very greedy. But in our case, I think it's doing well by doing good. And I think that fits very nicely together."
Here's the story of how his teacher--I think in his government school--reacted:
He began probing the Internet for everything he could find about pancreatic cancer biomarkers. He read research articles during class and in the middle of biology while stealthily reading a medical journal he says inspiration hit. The teacher was not amused.
Jack Andraka: I swear, she has, like, eyes on the back of her head or something. She sees me. And she storms up to my desk and is like, "Mr. Andraka, what is this?" and, like, snatches it out of my hand.
Morley Safer: As if you had Playboy Magazine right?
Jack Andraka: Yeah, yeah. I'm just like-- it was just a science article. Shouldn't this be a good thing?
I would tell the latter story at greater length--kind of a mini-Schindler's List--but I need to go to bed to get up at 4:15 a.m. PDT to see who won the Nobel prize and figure out whether I know enough about the winner to write a piece for the Wall Street Journal.