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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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
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The bottom linefeature Working families continue to struggle; The least-trusted industries; The bestselling vehicle; Mobil device use triples; Global unemployment among the young
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The bottom line
feature The cost of e-filing; Dipping into nest eggs early; What Americans are drinking; Planning for death; How tax refunds are spent
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The bottom line
feature Building bigger houses; And tuition at OSU is?; Christmas at McDonald's; Self-gifting at Christmas; Lloyd’s prepares for Hurricane Sandy claims; Google's billions
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The bottom line
feature Good results for the third quarter; Compensation at financial firms hits a high; Three cities with recovering economies; Good year for car sales; Broadway's best performance ever; Tax bite is less in 2010 than in 1980
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The bottom line
feature Airlines cut domestic flights; Income up in small cities and rural areas; Bond and Lincoln lift box office earnings; Don't be fooled by Black Friday; The high toll of identity theft
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The bottom line
feature The gender pay gap; U.S. economic growth; Parents who argue about money; Online subscriptions rise
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The bottom line
feature Can the U.S. keep up?; Airlines spend billions on runway taxiing; Americans exaggerate their working hours; The Dow Jones's 67.9 percent gain; Success and summer babies
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The bottom line
feature Consumer confidence jumps; Wall Street cuts jobs, raises pay; Goldman Sachs's muppet hunt; Desktop web searches decline; Pizza Hut scraps debate freebie