» Posted by Martin Weil on May 26, 2008

...an estimated 1% of America's wealth migrates into foreign hands every year.

So writes Pimco's Bill Gross in this June opinion piece. Gross proceeds to call Americans "overweight, poorly educated, overindulged, and imbued with such a sense of self importance" as he despairs of our declining global competitiveness and the public's seeming fixation on the trivial at the expense of the critical.

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