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Who needs brand names? Now Amazon makes the stuff it sells

October 23, 2018

If you search for dog food on Amazon, you’ll probably find a bag with a picture of a woman perched on an ocean cliff patting a fluffy, golden dog. It’s succeeding. Amazon’s private label sales will reach $7.5 billion this year, analysts at SunTrust Robinson estimate. By 2022, they are expected to hit $25 billion. […]

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It’s time to abandon the cruelty of meritocracy | Steven Pearlstein

October 21, 2018

Because of heritability and upbringing, there can never be genuine equality of opportunity, writes Steven Pearlstein, the author of Can American Capitalism Be Saved No moral intuition is more hard-wired into Americans conception of their country as a just society than equality of opportunity. While some may be rich and others poor, we are willing […]

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Michael Kors Facebook AR ad in News Feed test run

October 16, 2018

Facebook is inserting your face right into the ads in your news feed thanks to AR.Image: FACEBOOK You’ll soon be able to try on sunglasses and buy them without ever leaving your Facebook app. SEE ALSO: Facebook ‘split memes’ are driving everyone crazy The social media company announced Tuesday that it’s beginning to test augmented […]

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What if employees co-owned the business where they work? | Nathan Schneider

October 10, 2018

A quiet consensus is emerging across the political divide: Bernie Sanders and Paul Ryan both advocate enabling Americans to co-own the businesses where they work What do Bernie Sanders and Paul Ryan have in common? Mr Ryan recently learned he has some Jewish ancestry, but there is at least one other thing, tucked between their […]

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No-deal Brexit could hit UK-EU flights, says Whitehall

October 10, 2018

Papers also show pets would need rabies tests and motorists an insurance green card Flights could cease between the UK and the rest of the EU if Britain crashes out of the bloc without a deal, the government has said. In its latest set of no deal notices, the government said flights could be disrupted […]

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Michael Kors buys Versace in $2.1bn deal

October 7, 2018

Donatella Versace to stay on at Italian label and US fashion group to rebrand as Capri Versace has been sold to the US clothing and handbags group Michael Kors for $2.1bn (1.64bn) in the latest example of a family-owned European brand taken under the control of a global fashion conglomerate. Michael Kors, which last year […]

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The Latest Battleground for Chipmakers: Self-Driving Cars

September 17, 2018

It may be a long time before you can own a truly self-driving car. But chipmakers are placing bets that you will. On Tuesday, the Japanese chipmaker Renesas, the second-largest provider of semiconductors for the automotive industry, said it will acquire San Jose-based chipmaker Integrated Device Technology (IDT) for $6.7 billion, in part to prepare […]

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The Truth About Amazon, Food Stamps, and Tax Breaks

September 17, 2018

Since the early 2000s, Amazon has quietly received more than $1.5 billion in government subsidies, in exchange for bringing new jobs to cities and states across the country. At the same time, low-wage employees at Amazon's grueling warehouses have sometimes had to rely on a different kind of government benefit, like the Supplemental Nutrition Assistance […]

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Trump threatens new tariffs on $267bn of Chinese goods

September 10, 2018

President says further package ready to go as Apple warns trade war will hike prices Donald Trump has said he has a new tranche of tariffs ready to place on virtually all Chinese goods, as Apple warned the trade war will make its products more expensive for American consumers. A package of tariffs was already […]

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This Browser Extension Is Like an AntiVirus for Fake Photos

September 1, 2018

When Michael Bennett played for the Seattle Seahawks, he celebrated wins with a victory dance in the team locker room. He did not celebrate them by burning the American flag, contrary to a viral Photoshopped picture that began making the rounds online in September of 2017. If you'd read the fact-checks on sites like Snopes.com, […]

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