The not-so-glamorous Instagram life of a US senator | View caption Hide caption Wait, what – no private jet? Far from it. View caption Hide caption “One of the funniest ones was when my plane got grounded in Washington,” he says, coming across a June 2019 post when he banded together with two software engineers,…
Here are three of the week’s top pieces of financial insight, gathered from around the web: A terrible gold deal for retirees Gold IRAs are no safe haven, said Jeremy B. Merrill and Hanna Kozlowska in The Washington Post. Gold IRA investment companies like Lear Capital and Hartford Gold Group typically promote their products as…
The National Transportation Safety Board (NTSB) and Federal Aviation Administration (FAA) said Saturday they were investigating a near miss between a Southwest Airlines flight and a private plane, the latest in a string of narrowly avoided accidents in the skies. The incident occurred Friday at San Diego International Airport. According to both agencies, a Cessna 560X…
A recession impacts the middle and lower classes more than the wealthy. But during a “richcession,” it’s the “well-heeled who take a bigger hit than usual,” according to The Wall Street Journal’s Justin Lahar, who coined the term. At the beginning of the year, experts warned of a richcession, claiming that industries such as the luxury goods…
Barbie — and the doll’s creator, Ruth Handler — are both having a moment. The company Handler co-created, Mattel, and the toys it manufactured are all household names, but Ruth’s story isn’t as well known. Born in Denver in 1916, Ruth was the daughter of Russian Jewish immigrants. She met her husband, Elliot Handler, in…
Would taxing robots help the people whose jobs they’ll take? Bill Gates recently offered a simple solution to the problem of automation: Tax the robots. But that premise raises several thorny issues. | View caption Hide caption Automation may soon affect even industries and jobs we thought were immune, so what should countries do to prepare for those…
We’ve heard a lot about inflation in recent years, but we might not be as familiar with two terms that describe phenomena that could be partly driving it: greedflation and wageflation. “When inflation took off in 2021 in the U.S., so did corporate profits,” said The Wall Street Journal. This raised some eyebrows. But just as profit…
Anchor Brewing Co., the iconic San Francisco brewery opened in 1896 and purchased by Japan’s Sapporo in 2017, announced Wednesday it has stopped brewing its ales and will cease operations in the coming weeks. Anchor spokesman Sam Singer said the brewery was “losing millions of dollars a year” and had informed its 61 employees of…
A federal judge on Tuesday gave Microsoft the green light to move forward with its acquisition of video game developer Activision Blizzard. The company still faces an antitrust lawsuit by the Federal Trade Commission, but U.S. District Judge Jacqueline Scott Corley ruled against the regulator’s request for a temporary injunction. Throughout the intense five-day hearing,…
After three years and plenty of staffing shortages, it seems the so-called Great Resignation is on its way out. The phenomenon first arose as a result of the Covid-19 pandemic, when fatigued workers with cash to burn and time to think gave their employers an ultimatum: Show me you value me, or I’ll find somewhere…