Weekly Roundup | Business and Economy: Top 20 stories of the week of Jan 9 - 16th, 2017
For all of its faults, it gives most hardworking people a chance to improve themselves economically, even as the deck is stacked in favor of the privileged few. Here are the choices most of us face in such a system: Get bitter or get busy. - Bill O’ Reilly
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1 +17y+ ago
Why Big Business Is Putting Your Pet’s Life At Risk
A wave of corporatization is hitting the veterinary industry, but does a one-size-fits-all approach work?
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Submitted on January 14th 2017 by gladsdotter with 1 comments and with 1 Related Links:
1. It’s A Gut Thing: Rabbit Gastrointestinal Anatomy, Physiology, And Nutrition Added by Gozzin on January 14th 2017.
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2 +17y+ ago
Brexit could put tens of thousands finance jobs at risk - executives
Tens of thousands of jobs in Britain's financial services sector could be lost if euro clearing shifts to continental Europe and full access to the bloc's single market is lost, top industry officials said on Tuesday. London has become the world's biggest centre for clearing euro-denominated financial contracts, and some continental policymakers want this shifted to the euro zone after Brexit.
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Submitted on January 11th 2017 by ppp with 2 comments
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3 +17y+ ago
For the first time, Lady Liberty depicted as African American on a coin
In subsequent coins, she'll be featured as Asian-American, Hispanic-American and Indian-American among others.
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Submitted on January 13th 2017 by lostwonder
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4 +17y+ ago
For $8,000 this startup will fill your veins with the blood of young people
Ambrosia's pay-to-participate clinical trial is based on some intriguing if inconclusive science.
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Submitted on January 13th 2017 by canuck with 1 comments
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5 +17y+ ago
U.S. appeals court revives antitrust lawsuit against Apple
iPhone app purchasers may sue Apple Inc over allegations that the company monopolized the market for iPhone apps by not allowing users to purchase them outside the App Store, leading to higher prices, a U.S. appeals court ruled on Thursday.
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Submitted on January 14th 2017 by kxh with 1 comments
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6 +17y+ ago
Elon Musk Has Delivery Issues
Elon Musk, whose unorthodox ideas have met with a checkered record of success, has ambitious—and perhaps unattainable—plans for an automated car manufacturing.
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Submitted on January 13th 2017 by gladsdotter
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7 +17y+ ago
Unable to fund production of its camera drone, Lily will shut down and refund customers
Lily, the autonomous camera drone that sold a whopping $34 million in preorders, has announced it is shutting down. In an email sent to customers about an hour ago, the startup said that it was unable to raise an additional round of funding which would have allowed it to start production of the drone. So it announced instead that it will be winding down the company, and offering an automatic refund to all preorder customers.
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Submitted on January 12th 2017 by zritic
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8 +17y+ ago
Putin taxes US tech companies in Russia, and Russian Uber drivers quit
Russian President Vladimir Putin’s tax on U.S. tech companies isn’t going over well with Uber drivers. Uber Technologies Inc. has asked its Russian drivers to temporarily bear the load of a new tax charge, causing some of them quit to avoid paperwork and tax filings. President Vladimir Putin signed a law in July to levy an 18 percent value-added tax on electronic goods and services provided by global internet giants starting in 2017.
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Submitted on January 15th 2017 by zyery
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9 +17y+ ago
Fox News Settled Sexual Harassment Allegations Against Bill O’Reilly, Documents Show
In the weeks after Roger Ailes was ousted as the chairman of Fox News in July amid a sexual harassment scandal, company executives secretly struck an agreement with a longtime broadcast personality who had come forward with similar accusations about the network’s top host, Bill O’Reilly. The employee, Juliet Huddy, had said that Mr. O’Reilly pursued a sexual relationship with her in 2011, at a time he exerted significant influence over her career.
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Submitted on January 11th 2017 by Petrox
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10 +17y+ ago
One blunt heckler has revealed just how much our economists are failing us
There’s a lady I’ve been thinking about for the past few days, even though we’ve never met. She’s the central character in a true story told by the Europe expert Anand Menon. He was in Newcastle just before the referendum to debate the impact of Britain leaving the EU. Invoking the gods of economics, the King’s College London professor invited the audience to imagine the likely plunge in the UK’s GDP. Back yelled the woman: “That’s your bloody GDP. Not ours.”
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Submitted on January 11th 2017 by aj0690
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11 +17y+ ago
Davos elites struggle for answers as Trump era dawns
"If you want to find people who are going to rally together and say capitalism is fundamentally broken, Davos is not the place to go," Bremmer said.
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Submitted on January 15th 2017 by Appaloosa with 2 comments and with 2 Related Links:
1. How Nonsense Sharpens the Intellect. By Benedict Carey (Oct. 5, 2009) Added by AdelleChattre on January 15th 2017.
2. Sure they'll fix it. Added by Appaloosa on January 15th 2017.
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12 +17y+ ago
Pound’s Decline Deepens as Currency Reclaims Dubious Honor
Just 10 days into the new year, the pound has already established a firm grip on its 2016 position as the worst-performing Group-of-10 currency. Sterling dropped to the lowest level versus the dollar since October on Tuesday amid concern the U.K. is heading for a exit from the European Union that prioritizes curbing immigration over single-market membership. That’s left analysts braced for another volatile 12 months, with HSBC Holdings Plc strategists predicting that the pound may drop to as low as $1.10 if the most severe exit option is pursued.
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Submitted on January 11th 2017 by ppp
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13 +17y+ ago
Open offices are damaging our memories
It’s not just loud and sniffly, open offices are actually hurting our brains. Now some businesses are bringing back walls and doors
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Submitted on January 13th 2017 by gladsdotter with 3 comments
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14 +17y+ ago
With sale to Canadian firm, American Apparel will be American no longer
With edgy marketing, an audacious founder and quality clothing sewn in Los Angeles, American Apparel was held up as a rare success story in U.S. manufacturing at a time when many in the garment industry were racing overseas.
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Submitted on January 15th 2017 by lostwonder with 2 comments
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15 +17y+ ago
Millennials are falling behind their boomer parents (warning: autoplay video)
With a median household income of $40,581, millennials earn 20 percent less than boomers did at the same stage of life, despite being better educated, according to a new analysis of Federal Reserve data by the advocacy group Young Invincibles. The analysis being released Friday gives concrete details about a troubling generational divide that helps to explain much of the anxiety that defined the 2016 election. Millennials have half the net worth of boomers. Their home ownership rate is lower, while their student debt is drastically higher.
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Submitted on January 14th 2017 by TNY with 1 comments
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16 +17y+ ago
Your private medical data is for sale – and it's driving a business worth billions
Your medical data is for sale – all of it. Adam Tanner, a fellow at Harvard’s institute for quantitative social science and author of a new book on the topic, Our Bodies, Our Data, said that patients generally don’t know that their most personal information – what diseases they test positive for, what surgeries they have had – is the stuff of multibillion-dollar business. But although the data is nominally stripped of personally identifying information, data miners and brokers are working...
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Submitted on January 11th 2017 by messi
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17 +17y+ ago
Print Book Sales Rose Again in 2016
Despite a less-than-ideal environment—no breakout bestsellers on the adult fiction side and a lengthy, brutal election cycle that sucked nearly all of the air out of the cultural conversation—unit sales of print books were up 3.3% in 2016 over 2015. Total print unit sales hit 674 million, marking the third-straight year of growth, according to Nielsen BookScan, which tracks about 80% of print sales in the U.S.
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Submitted on January 10th 2017 by doodlegirl with 1 comments
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19 +17y+ ago
U.S. Small-Business Optimism Index Surges by Most Since 1980
Optimism among America’s small businesses soared in December by the most since 1980 as expectations about the economy’s prospects improved dramatically in the aftermath of the presidential election. The National Federation of Independent Business’s index jumped 7.4 points last month to 105.8, the highest since the end of 2004, from 98.4. While seven of the 10 components increased in December, 73 percent of the monthly advance was due to more upbeat views about the outlook for sales and the economy, the Washington-based group said.
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Submitted on January 10th 2017 by wildcard
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20 +17y+ ago
Silk Road route back in business as China train rolls into London
After 16 days and 7,456 miles, the locomotive’s arrival heralds the dawn of a new commercial era
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Submitted on January 15th 2017 by Maternitus
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Here are this week's top five Business & Economy tribes:
/t/business 67 posts, 42 comments, 304 votes.
/t/economy 42 posts, 43 comments, 218 votes.
/t/entrepreneurship 23 posts, 2 comments, 68 votes.
/t/finance 10 posts, 14 comments, 38 votes.
/t/economics 10 posts, 5 comments, 43 votes.
Note: Tribes can only be featured once every four weeks. Validate your tribe to be included on this list!
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