A record low for homeownership
Leaving aside homeowners in foreclosure or serious delinquency, the U.S. rate of homeownership is 62.1 percent, the lowest level since 1965. In 2004 and 2005, the rate topped 68 percent.
Bloomberg Businessweek
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Latest Videos FromThe Week
The summer's best and worst movie openings
This summer saw both the best and worst movie openings on record. The Avengers raked in $207.4 million domestically in its opening weekend in early May, breaking the record set by Harry Potter and the Deathly Hallows, Part 2. The Oogieloves in the Big Balloon Adventure had the worst opening of all time over Labor Day weekend, earning an average of just $207 per screen.
The Wall Street Journal
Low profit margins for world’s airlines
If the business results of the world’s airlines were combined and averaged over the past four decades, their profit margin would be a measly 0.1 percent. Related businesses—airplane manufacturers, reservation services, and catering firms—have done much better.
The Economist
China to build world’s tallest skyscraper in three months
A Chinese company plans to build the world’s tallest skyscraper in just three months in China’s central Hunan province. Broad Group, best known for making air conditioners, says its tower will be 2,749 feet tall—33 feet taller than Dubai’s Burj Khalifa—and will be made of prefabricated blocks that connect like Lego bricks.
Financial Times
Mobile advertising's false clicks
A new study of mobile advertising estimates that 40 percent of all clicks on mobile ads are either accidental or come from fraudulent sources like bot networks.
Fortune.com
