Michael A. Fletcher

For Michael A. Fletcher's latest contributions to The Japan Times, see below:

Black-white economic gap in U.S. is still as wide as ever

Aug 30, 2013

Black-white economic gap in U.S. is still as wide as ever

When President Barack Obama spoke at the Lincoln Memorial on Wednesday to commemorate the 1963 March on Washington, he symbolized part of the complicated story of America’s racial progress in the past half a century. Can there be more convincing testimony to the breathtaking ...

Presidents' grand plans fail in Detroit

Aug 12, 2013

Presidents' grand plans fail in Detroit

During the Nixon years, Detroit’s business elite laid plans for the glittering Renaissance Center retail and office complex. The Ford and Carter administrations brought the “People Mover,” an elevated rail loop around downtown that hardly anybody rides today. Other presidential administrations introduced enterprise zone ...

Jun 3, 2013

Low interest rates spell doom for some pension plans in U.S.

It was no small matter for the ILM Group’s executives when they froze the pension plan that has provided retirement security for the firm’s employees since 1947. The financial pressure of maintaining the plan had been mounting on the small insurer for years. But ...