Richard Florida: One of the most persistent myths in America today is that urban areas are innovative and rural areas are not. While it is overwhelmingly clear that innovation and creativity tend to cluster in a small number of cities and metropolitan areas, it’s a big mistake to think that they somehow skip over rural […]
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SAN FRANCISCO — Some of the biggest names on Wall Street are warming up to Bitcoin, a virtual currency that for nearly a decade has been consigned to the unregulated fringes of the financial world. The parent company of the New York Stock Exchange has been working on an online trading platform that would allow […]
What happened to all the IPOs? It wasn’t so long ago that the market for initial public offerings — in which a promising and often young private company first allows public investors to buy its stock, often as a way to raise money and invest in the future — was booming. In the two decades […]
Rotman School of Management professor Ajay Agrawal explains how AI changes the cost of prediction and what this means for business. With so many perspectives on the impact of artificial intelligence (AI) flooding the business press, it’s becoming increasingly rare to find one that’s truly original. So when strategy professor Ajay Agrawal shared his brilliantly […]
Heads up, cities: Economic growth does not necessarily go hand-in-hand with economic and racial inclusion. That’s the finding of a new, in-depth analysis by the Urban Institute (UI) of the 274 largest cities in America. The report and accompanying data tool show how economic shifts in these cities since the 1980s have corresponded with “inclusion”—the […]
A recent analysis of American debt revealed a startling shift: Borrowers between the ages of 45 and 74 now owe more money in education-related debt, on average, than do younger college graduates. People under age 35 with student debt owe $32,900 on average, according to data from the Fed’s 2016 Survey of Consumer Finances. That […]
Basic income will be widespread by the 2030s, according to Google futurist and director of engineering Ray Kurzweil. Kurzweil is known for making seemingly wild predictions. In 2016, he predicted that by 2029, medical technology will add an extra year to human life expectancies on an annual basis.
Retail bankruptcies hit an all-time high in the first quarter of the year, according to Moody’s Investors Service. Sears, J.Crew, and Neiman Marcus are among the companies that could be next to default, according to S&P Global Ratings. The fallout is far from over, however, with many more defaults expected for the remainder of 2018.
Over the past few months, Starbucks, CVS, and Walmart announced higher wages and a range of other benefits like paid parental leave and stock options. Despite what the brands say in their press releases, the changes probably had little to do with the Republican corporate tax cuts, but they do reflect a broader economic prosperity, […]
In towns where workers are scarce, employers are boosting pay and perks and stepping up recruiting—all while trying to avoid raising prices. What will happen when the U.S. unemployment rate falls below 4 percent, which is expected to occur by this summer? One way to tell is to look at cities where joblessness is already […]
10 highest-paying fields — with lots of growth — for gig workers This is one hell of a gig. Millions of workers now participate in the gig economy — loosely defined as the workers who work a series of freelance or temporary jobs rather than one full-time job. Indeed, about one in four Americans now […]
At Brain Bar Budapest, a large hall that was plastered in dark and leafy plants struggled to hold a sea of attendees. The crowd gathered to watch Steve Fuller, author of Humanity 2.0 and the Auguste Comte Chair in Social Epistemology at Warwick University, debate Zoltán Pogátsa, a Hungarian political economist. The topic at hand? […]