From Randall Forsythe writing in  Barron's (subscription required): THE RISING TIDE LIFTS ALL SHIPS, but the galley slaves aren't feeling it. They're rowing harder than ever to make up for their colleagues who have been thrown overboard (getting rid of that extra weight improves the vessel's efficiency). Now, after a long spate in the doldrums, the captain has called for those still manning the oars to pick up the pace to move some cargoes, The genius of American business for doing more with less has been evident in the parade of earnings reports showing profits improving far more than the revenue that produces them. The secret: Productivity soared at a 9.5% annual rate in the third quarter, a stunning increase..Overtime also ticked up last month, but as a money manager related privately, his brother who runs a manufacturing plant has his workers putting in seven-day-a-week shifts rather than adding to payrolls. In other words, keep rowing.In other words, Team Obama,...(Read Full Post)