Tag: economy
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Uber’s Fare War on New York Taxis Puts Million-Dollar Medallions at Risk
It’s been a great run for New York City’s taxi medallion speculators, but the party could be coming to an end. The average price fell by $5 in June—a slight decline for medallions, which trade for a bit more than $1 million apiece, but still an unheard-of occurrence in recent years. Now Uber, the nationwide scourge […]
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Chevy Bets Big on English Soccer While Backing Out of Europe
Manchester United (MANU) unveiled its Chevrolet-sponsored uniforms today with much digital fanfare (including this video montage). Not mentioned amid the celebration: Soon, you will not be able to buy a Chevy in Europe. The jerseys look pretty much like they used to, only with a big Chevy logo where there once was a giant “AIG.” And […]
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The Number That Explains Why Hillary Is Distancing Herself From Obama
Photograph by Jin Lee/Bloomberg Hillary Clinton in New York on Sept. 25, 2013 The Wall Street Journal reports today what anyone with a pair of eyes and even a vague interest in national politics has already figured out: Hillary Clinton is distancing herself from President Obama ahead of her likely presidential campaign. She’s signaled that she’d […]
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OECD Economist Warns Japan: Beware of Growing Inequality – Real Time Economics
OECD Chief Economist and Deputy Secretary-General Rintaro Tamaki addresses the OECD on May 6, 2014 at OECD headquarters in Paris. Agence France-Presse/Getty Images Arriving from Paris recently, Rintaro Tamaki couldn’t help but notice the difference in the public debate between Japan and Europe. The chief economist of the Organization for Economic Cooperation and Development observed […]
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U.S. Plans for Power-Grid-Crippling Sun Storms
At Delta Air Lines’ (DAL) operations center in Atlanta, meteorologists do more than monitor the usual wind, rain, and snow. They also keep a close eye out for a less common but potentially more dangerous phenomenon known as space weather. The sun’s eruptions can send billions of tons of superheated, electrically charged gas hurtling through […]
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Uber: The Company City Regulators, Unions Love to Hate
“Everyone’s private driver.” That’s how Uber trumpeted its business model when the taxi alternative started five years ago. For riders, it promised an end to overpriced trips in dirty, run-down cabs; for drivers, it offered an escape from working for a garage. On the back of buses in New York City, Uber puts ads aimed […]
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Star Trek’s Tricorders Are Almost Here: 5 Devices
CBS Stardate: 2014. As Star Trek nears its 50th anniversary, most of its imagined technologies remain light years away. But several startups and research projects claim they can approximate the functions of the tricorder, that handheld device used to instantly diagnose a disease or analyze the atmosphere of an alien world. Just how close are […]
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Domino’s, Little Caesars Pizza Founders’ Contrasting Legacies
Tom Monaghan was once a billionaire. He owned 244 classic automobiles, including a rare Bugatti Royale. He built a $30 million resort on a Lake Huron island. He hopped helicopters from the headquarters of the company he founded, Domino’s Pizza (DPZ), to watch the Major League Baseball team he owned, the Detroit Tigers. The Tigers, […]