No new jobs in August for small business
Small businesses created essentially zero new jobs in August, according to the National Federation of Independent Business.
The Washington Post
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Lowest corn harvest in 17 years
For the third month in a row, the Agriculture Department has lowered its estimates for this year’s U.S. harvest of corn and soybeans, citing the effects of the summer’s record heat. Corn yields per acre are expected to be the lowest in 17 years.
The New York Times
Louboutin wins battle over red soles
After a lengthy court battle, French shoemaker Christian Louboutin has won trademark protection for the red soles on his pricey high heels. The U.S. 2nd Circuit Court of Appeals ruled last week that Louboutin alone can market red-bottomed shoes, except when the rest of the shoe is also red.
The Wall Street Journal
The growing American lower class
The share of Americans who consider themselves lower class has grown from a quarter of the population four years ago to just under a third today, according to polling by the Pew Research Center.
Los Angeles Times
U.S.'s competitive ranking drops
The U.S. fell in the ranking of the world’s most competitive economies this year, dropping from fifth to seventh place. The World Economic Forum, which compiles the ranking, blamed the drop on “inefficient government bureaucracy” and a growing budget deficit.
TheDaily.com
The expanding wealth gap
The wealth gap between the richest Americans and the average family has more than doubled over the past 50 years. In 1962, the top 1 percent had 125 times the net worth of the median U.S. household. By 2010, they had 288 times more.
CNNMoney.com
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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
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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
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The bottom line
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The bottom line
feature Taxi drivers with college degrees; Morgan Stanley's revealing nicknames; Sleep deprivation and lost productivity; A retreat for Barnes & Noble; Signs of a stabilizing economy
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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
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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?
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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
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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!