Taxi drivers with college degrees
Because of continuing weakness in the job market, nearly half of working Americans with college degrees are overqualified for their jobs. About 15 percent of taxi drivers and 25 percent of retail sales clerks have bachelor’s degrees.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
Morgan Stanley's revealing nicknames
Internal emails show that Morgan Stanley bankers had some telling nicknames for the mortgage-backed securities they once peddled to investors. Among the monikers were “Nuclear Holocaust,” “Mike Tyson’s Punchout,” and “Fludderfish.”
ProPublica.org
Sleep deprivation and lost productivity
One third of Americans aren’t sleeping enough, and it’s hurting their employers. Harvard scientists found that sleep deprivation costs U.S. companies $63.2 billion in lost productivity each year, thanks to “presenteeism,” defined as “people showing up for work but operating at subpar levels.”
The Wall Street Journal
A retreat for Barnes & Noble
Barnes & Noble is retreating. The bookseller said it plans to shut down about 20 stores each year over the next decade. The company’s new store openings have slowed since 2009, thanks to a shrinking print market and competition from vendors like Amazon. Unit sales of print books dropped 9 percent last year and are off 22 percent from 2007.
The Wall Street Journal
Signs of a stabilizing economy
Americans’ moving patterns offer “a promising sign that the economy is stabilizing.” New data on interstate relocations shows more Midwestern states closer to balance, meaning people are now moving in and not just out. North Dakota and North Carolina remain big gainers.
Bloomberg Businessweek
-
Delhi's dogs earn Supreme Court reprieveIN THE SPOTLIGHT After an outcry from the public and animal rights activists, India's Supreme Court walks back a controversial plan to round the city's stray dog population into shelters
-
8 hotels with ace tennis courtsThe Week Recommends Bring your A game
-
Abrego released from jail, faces Uganda deportationSpeed Read The wrongly deported Kilmar Abrego García is expected to be detained at an ICE check-in and deported to Uganda
-
The bottom linefeature Sedentary habits keep rising; A new home for Twinkies; Taco Bell's new hit; Companies stretch the workweek; Women's wages still fall short
-
The bottom line
feature Where to stash your cash; Facebook's tax refund; The value of old phones; The wealth of America's megabanks; Grateful alumni
-
The bottom line
feature High cellphone taxes; Companies shore up pension funds; The bite of high gas prices; More dads stay home; Americans' scarce savings; Clorox sales hit a peak
-
The bottom line
feature Companies cut spending because of fiscal cliff; Administrative bloat and tuition costs; Market for new and existing homes improves; Annual federal deficit as share of GDP decreases; Federal rules for contracts get flouted
-
The bottom line
feature No-growth small businesses; Swift sales for Taylor's new album; Predicting doctors' costs; Airlines face shortfall in qualified pilots; Will Japan slip into recession?
-
The bottom line
feature Apple's corporate tax rate; A housing market still in the tank; Boeing's Dreamliner earns rave reviews; Billions owed in child support; Goldman Sachs trims its ranks
-
The bottom line
feature No new jobs in August for small business; Lowest corn harvest in 17 years; Louboutin wins battle over red soles; The growing American lower class; U.S.'s competitive ranking drops; The expanding wealth gap
-
The bottom line
feature Facebook tries gambling; The not-so-rich Americans; Pauly D's banner year; Gibson Guitar pays a fine; Let's get women on board!