Tech City UK CEO: why London needs startups, and why it needs us
In the whole of 2010 the total funding raised by London tech firms was less than £10m. So far in 2015? It’s close to a billion. Yes, as Techcrunch pointed out recently, that still only puts London on a par with Redwood City, California (population 76,000). And in the context of tech as a whole […]
FDA Panel Backs a ‘Female Viagra’
Will there finally be a Viagra for women? A Food and Drug Administration advisory panel has recommended the first drug to help combat female sexual dysfunction. And Sprout Pharmaceuticals, which owns the pill, hopes agency approval will occur in mid-August. Thursday’s 18-to-6 vote came with a big caveat—a program is needed to highlight worrisome side […]
Entertainment One TV Promotes Tara Long as Unscripted Division Grows (Exclusive)
As Entertainment One expands its unscripted TV operations, Tara Long has been upped to exec VP of U.S. alternative programming. Long’s promotion comes as the division has prospered with series across five cable networks and a slew of projects in development for next season. During its upfront, BET announced its fourth show with eOne, “About […]
Chicago’s Wall Street Reprieve Spurs Rally Before Junk-Bond Sale
Wall Street is giving the Second City a second chance. The price of Chicago’s most-actively traded bond has erased almost all of the decline that followed Moody’s Investors Service’s May 12 decision to cut the city to junk. Buyer confidence has been bolstered because banks aren’t seeking penalties related to the downgrade, anticipating Chicago would […]
Oil Slump Has Calgary Awash in Vacant Office Space
CALGARY, Alberta—When Mayor Naheed Nenshi broke ground on Brookfield Place, this city’s signature skyscraper project, he said the energy capital was “well into an arms race” of tall-building construction. That was in the fall of 2013, amid a boom fueled by high oil prices that had the commercial real-estate market in Canada’s oil capital rivaling […]
Ten Ideas To Save The Economy Step 5: How To Reinvent Education
<< Read Step 1: Making The Economy Work For The Many, Not The Few – Step 1: Raise The Minimum Wage << Read Step 2: Making The Economy Work For The Many, Not The Few – Step 2: Make Work Family Friendly << Read Step 3: Ten Ideas To Save The Economy – Step 3: Expand Social Security […]
EUR/USD Drifts Lower During Trading
The EUR/USD pair fell during the day again on Wednesday, but we are starting to approach an area that I believe will be rather supportive. I think that somewhere between the 1.11 level and the 1.10 level we will find enough support to turn things back around. After all, breaking above the 1.10 level was […]
Productivity Forecast
Labor productivity is the key to our standard of living, as we said in our recent article. In this one we discuss determinants of productivity and its forecast. Labor productivity is determined by three factors: labor quality, capital, and everything else, usually called total factor productivity. Labor quality varies, to nobody’s surprise. Some workforces are highly […]
When The Current Housing Bubble Finally Bursts
Bubbles are followed by echo-bubbles, and the bursting of the second bubble ends the speculative cycle. If we have learned anything in the past 20 years of massive asset bubbles and equally massive declines when the bubbles finally pop, it’s this: those caught up in the expansionary phase of the bubble cannot believe the bubble that’s […]
Advance Auto Parts Q1 Earnings Miss Estimates, Rise 6.2% Y/Y
Advance Auto Parts (AAP – Analyst Report) operates in the U.S. automotive aftermarket industry and is primarily engaged in selling replacement parts (excluding tires), accessories, batteries and maintenance items for domestic and imported vehicles. It is the largest automotive parts provider in North America. The company enhances profits through its relentless focus on store expansion. The rise in […]
