AdamSmithBlawgletter has lately started scanning news reports about the U.S. Justice Department Antitrust Division's bid to block the minnow-eats-whale merger of U.S. Airways and American Airlines. Wowsers.

Let's start by saying we've found that the biz reporters have a not-very-good grasp of antitrust law. A terrible one in fact. They seem to think that whatever

How can you hold down the cost of hiring the best talent?

In lots of businesses, the skill, knowledge, and creativity of workers make a crucial difference.  Those traits matter most on the high end of the high-end.  Think law, medicine, engineering, physics, computer science, rocket science, oenology, epistemology, and macrame.  The high-end could hardly exist without these