In April, Chinese Premier Wen Jiabao took aim at China’s powerful state-owned banks. According to Reuters, he said at a discussion with local businesses: “Frankly, our banks make profits far too easily. Why? Because a small …
Number of Millionaires in U.S. Decreases but Spikes Worldwide
If you want a clear picture of where global wealth is heading, take a look at the number of millionaire households that have shifted away from the U.S. and toward emerging economies.
Report: Netflix Beats Apple as No. 1 Online Movie Supplier
After building a powerful subscription video-on-demand business virtually overnight, Netflix passed Apple last year to become the top revenue earner in the U.S. online movie business.
Scandal in Silicon Valley: Why the Ellen Pao Suit Isn’t Helping Women in Tech
It’s not exactly news that women — particularly women in tech — are often underrepresented and underfunded in business. The stats speak for themselves: Just 3% to 5% of female entrepreneurs get venture-capital funds, and …
Even the Economy Can’t Escape the ‘Zombie Apocalypse’
Braaains — as in, have we collectively lost ours? Yes, the recent instances of drug- or psychosis-fueled cannibalism are horrific, but suddenly everyone seems to be obsessed with the reanimated dead. The buzz got so loud that …
StartupBus: Building an App en Route to SXSW
Watch a group of would-be entrepreneurs during a marathon, 3-day business development and app-building session aboard a bus bound for the annual South by Southwest festival in Austin. A TIME video crew tagged along with one of about 50 teams competing for funding and a broader audience.
Find Career Opportunities by Asking Questions
Asking the right questions is the key to finding innovative solutions to any problem, even finding a job. Instead of asking “What job can I find today?” what if you asked, “What kind of job can I create today?” The slight twist of one word might hold the key to more helpful answers. Take a few minutes a day to write down nothing but …
Charitable Giving: How Companies Are Doing More With Less
Corporate charitable giving is down. But three trends are making it easier for individuals to get the most out of their employer when it comes to personal philanthropy.
Effective Communication for Entrepreneurs
Let’s face it, entrepreneurs don’t exactly have a reputation for diplomacy. In the rush to market and success, they often come across as blunt when a well-chosen word or phrase might make the same point and do more to motivate employees.
Car Shoppers’ Decisions Most Influenced by … Person Trying to Sell Them Cars?
When figuring out which car to buy, consumers consult the advice of family and friends, as well as shopping guides from Consumer Reports and the like. But the info that’s most influential in the buying decision tends to come from an individual who has obvious self-interest in how that decision plays out.
Why the eBay of Russia Is Based in … Skokie, Ill.?
Visa Bumps MasterCard and AmEx from Olympic Venues
Visitors attending the Olympics in London this summer might be performing athletic feats of their own just trying to find an ATM near the sites where the games are being held. British media reports say Visa is having more than …