More than 1 in 5 daily deal vouchers are never used. Increasingly, customers who do redeem them complain of pushy upselling, tricky fine print, or that the service or product was a poor value or just plain bad, no matter how big …
Is China facing an American future?
At first glance, that may sound like a crazy question. The two giants of the global economy appear to be heading in opposite directions. China is the world’s up-and-coming superpower, propelled forward by stratospheric growth, advancing industry, a goal-oriented political system and a supposedly superior form of economic management, …
It’s a Deal: 10% Off at BedandBreakfast.com
Use the coupon code BBESCAPE10 to get 10% off the rate at any accommodations booked through BedandBreakfast.com. Reservations must be made by July 25, and travel is valid through the end of the year, pending availability.
Debt Ceiling: Could a Deal Cost the Economy a Million Jobs?
There has been a lot written about what would happen if the government doesn’t end up raising the debt limit. My colleague Alex Altman perhaps puts it best in this Swampland post, where he says:
On one side, the Obama Administration, Capitol Hill Democrats, Wall Street whizzes and budget experts have been wearing out their thesauruses
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Poll: What Should We Do to Revive the Housing Sector?
With the newest data on home sales out Wednesday, one thing is clear: The volume of current real estate activity is not what many players hoped it would be.
Law School Grads Face Uncertain Prospects
The New York Times’ David Segal has a devastating piece on the economics of the law school business. Basically, law school programs are hugely profitable, and the schools have expanded — and jacked up prices — rapidly, leaving …
“Easier access to contraceptives would save taxpayers money.”
5 Reasons Borders Went Out of Business (and What Will Take Its Place)
Forty years ago, when Borders opened its first store in Ann Arbor, Michigan, the book industry was a different place. But for years, Borders acted like it wasn’t, culminating in the announcement this week that it would …
Lesson from ‘Carmageddon’: It’s Possible to Drive Less
Los Angeles’ much-hyped “Carmaggedon,” in which the 405 Freeway was closed over the weekend, was mostly a non-event. Instead of producing a chaotic, traffic-choked scene all over L.A., the unprecedented road closure resulted in an even more unprecedented scenario, in which huge numbers of Angelenos figured out something to do that …
Our Real Debt Problem
On Friday, I posted a piece on the U.S. debt and how we are creating a false crisis given current interest rates and our ability to manage that. Judging from the responses, you would have thought I was penning a piece in defense …
Marketers’ Dream Demographic: The Smartphone Mom
Moms are buying iPhones at a rate faster than any other group. They’re also more likely to use smartphones to their full capabilities during any snippet of downtime—browsing for a nephew’s birthday present, updating family …
Can sovereign defaults tank the global economy?
Investors are running for the hills these days, shaken to the core by fears that sovereign defaults will roil global markets and derail the shaky recovery. They have a lot to worry about. European leaders will gather for an emergency meeting on Thursday to try to finally hammer out an agreement on a second bailout of tottering Greece – …