Weekly Roundup | Business and Economy: Top 20 stories of the week of Mar 27th - Apr 3rd, 2017
The whole problem with the world is that fools and fanatics are always so certain of themselves, and wiser people so full of doubts. - Bertrand Russell
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1 +17y+ ago
The Hidden Monopolies That Raise Drug Prices
How pharmacy benefit managers morphed from processors to predators. By David Dayen.
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Submitted on April 1st 2017 by AdelleChattre
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2 +17y+ ago
How a Cruel Foreclosure Drove a Couple to the Brink of Death
A married couple resorted to self-harm after being physically and psychologically terrorized by Bank of America over their house—until a judge fined the bank $46 million. By David Dayen.
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Submitted on April 1st 2017 by AdelleChattre with 3 comments
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3 +17y+ ago
Amazon and Walmart are in an all-out price war that is terrifying America’s biggest brands
Grocery suppliers are feeling the squeeze — big-time.
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Submitted on March 30th 2017 by baron778 with 2 comments
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4 +17y+ ago
Jerks and the Start-Ups They Ruin
Bro C.E.O.s like the head of Uber will keep destroying companies until people stop paying them.
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Submitted on April 1st 2017 by Apolatia
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5 +17y+ ago
Jeff Bezos Is Now the World's Second Richest Person
Jeff Bezos has leapt past Amancio Ortega and Warren Buffett to become the world’s second-richest person.
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Submitted on March 29th 2017 by TentativePrince
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6 +17y+ ago
Automation is set to hit workers in developing countries hard
The Fourth Industrial Revolution could bring mass global unemployment. On Friday, Treasury Secretary Steve Mnuchin said he’s “not worried at all” about artificial intelligence replacing human workers because it's “50-100 more years” off. In reality, data shows this is already happening — with an estimated 38 percent of existing U.S. jobs at risk of being turned over to machines by 2030, according research from PwC. Another study put out by the University of Oxford last year had similar estimates: The researchers found that 47 percent of US jobs were at risk of automation in the next two decades.
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Submitted on March 29th 2017 by Apolatia
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7 +17y+ ago
Uber Endorses Charging Drivers to Use Congested Roads
Andrew Salzberg, Uber’s Head of Transportation Policy and Research, this week declared the company’s support for road pricing, a plan that would have cities or transit authorities charge drivers for using roads during peak times. Urban planners in recent decades have discovered that building more and bigger highways, surprisingly, doesn’t do much to reduce congestion (a phenomenon known as "induced demand"). Instead, as Salzberg puts it, “the cost of driving ultimately needs to reflect its cost to our cities.”
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Submitted on April 2nd 2017 by drunkenninja
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8 +17y+ ago
Why Bargain Travel Sites May No Longer Be Bargains
Last August, Andrea Giacobbe logged on to Skyscanner, a European metasearch engine like Expedia and Travelocity that scans multiple travel websites and surfaces the cheapest fare. Giacobbe, a 52-year-old management consultant, was looking to book a flight from New York City to Genoa, Italy—a trip he’s made numerous times for family visits. He’d always relied on Skyscanner for a discount.
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Submitted on April 1st 2017 by aj0690
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9 +17y+ ago
Monopoly capitalism destroyed American black businesses, which provided safe employment for civil rights activists
Monopoly capitalism destroyed American black businesses, which provided safe employment for civil rights activists.
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Submitted on March 29th 2017 by kxh
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10 +17y+ ago
German central banker sees free banking ending.
They won't give you interest for the money you give them for free....and now you have to pay them to use your money for free. These are high powered parasites.
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Submitted on April 2nd 2017 by Appaloosa with 1 comments
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11 +17y+ ago
Beer giant Anheuser-Busch InBev commits to 100 percent renewable energy
Brewing powerhouse Anheuser-Busch InBev (AB InBev) has committed to secure all of its purchased electricity from renewable sources by 2025. In an announcement on Tuesday, the business said that its commitment would help to "shift 6 terawatt-hours of electricity annually to renewable sources in the markets where AB InBev operates." It added that its decision to go big on renewable energy would cut its operational carbon footprint by 30 percent, equivalent to taking almost 500,000 cars off the road.
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Submitted on March 30th 2017 by 8mm
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12 +17y+ ago
Coca-Cola calls in police after human waste is found in cans
Coca-Cola has called in police to investigate how human waste turned up in a consignment of its drink cans at one of the company’s factories in Northern Ireland. The Police Service of Northern Ireland confirmed on Tuesday it had opened an inquiry into how faeces ended up in the cans at the Helllenic Bottling Company factory in Lisburn, Co Antrim. Coca-Cola suspended night-time processing last week at the plant when machines became clogged.
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Submitted on March 28th 2017 by wetwilly87
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13 +17y+ ago
Trump Pledges Airlines Help in Feud Over Foreign Rivals’ Aid
That's what the electronics ban from 10 Muslim airline hubs is all about. They used the National Security agencies to fabricate a story about terrorism to help US airlines eliminate rivals.
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Submitted on March 31st 2017 by Appaloosa
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14 +17y+ ago
US Supreme Court Hears Oral Arguments Over Your Right To Refill Ink And Toner Cartridges
Printers are expensive. Recycling and selling used/refilled printer ink cartridges has often been seen as a way to recoup all the money that often gets sunk into the cash cow of the printer business - the ink itself. The ruling of Impression Products, Inc. v Lexmark Int’l, Inc, a recent and rather obscure court case, could potentially change how items are used, recycled, restored, and resold once they have been bought by a customer.
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Submitted on March 27th 2017 by ticktack with 1 comments
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15 +17y+ ago
The Guardian is suing ad tech company Rubicon Project
The Guardian is looking to recuperate "non-disclosed buyer fees".
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Submitted on March 28th 2017 by SpunkyRocket
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16 +17y+ ago
One of America’s foremost rare-book appraisers hangs on in the digital age
Allan Stypeck, owner of Second Story Books, remembers when, pre-Internet, “booksellers ruled.”
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Submitted on April 2nd 2017 by gladsdotter
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17 +17y+ ago
Nintendo Switch Sells A Half Million Units In Japan Faster Than The PS4
The Nintendo Switch is doing very well indeed in North America, breaking launch records and moving over 1.5 million units at last count. Things are going so swimmingly, Nintendo has doubled production of their new console. Not bad! But how are things going in Nintendo’s homeland of Japan? When we last checked in, the Nintendo Switch had sold over 330,000 units in its first two days on the Japanese market. That puts the Switch launch above the releases of both the Wii U and PS4, but below the original Wii. In other words, the Switch is popular across the Pacific, but it isn’t breaking records like it is here.
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Submitted on April 1st 2017 by messi
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18 +17y+ ago
Laptop cabin ban 'ineffective' says IATA
The US and UK ban on laptops in cabin baggage on certain flights will not be effective as a security measure, industry body IATA has said. In a strongly-worded speech, IATA chief executive Alexandre de Juniac said the ban also creates "commercial distortions". The US ban was brought in as an anti-terrorist precaution. It covers inbound flights on airlines operating out of 10 airports in the Middle East, North Africa and Turkey.
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Submitted on March 28th 2017 by messi
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19 +17y+ ago
One Fast Food Fanatic’s Quest to Make His Chicken Chain the Next McDonald’s
Albert Okura lives and breathes the legend of Ray Kroc – he even bought the first McDonald’s location – and he won’t stop until his own franchise is a household name.
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Submitted on March 28th 2017 by Apolatia
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20 +17y+ ago
A Racket of Rackets
It is getting to the point where we have to ask ourselves if we're capable of being a serious people anymore. By James Howard Kunstler.
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Submitted on April 1st 2017 by AdelleChattre with 1 Related Links:
1. The Bill To Fix Health Care - Permanently. By K. Denninger Added by AdelleChattre on April 1st 2017.
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Here are this week's top five Business & Economy tribes:
/t/business 94 posts, 25 comments, 401 votes.
/t/uber 8 posts, 0 comments, 8 votes.
/t/economy 18 posts, 8 comments, 71 votes.
/t/startups 4 posts, 0 comments, 23 votes.
/t/employment 4 posts, 0 comments, 16 votes.
Note: Tribes can only be featured once every four weeks. Validate your tribe to be included on this list!
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