Which European country works the hardest?
Asked to name the hardest-working country in Europe in a recent Pew poll, people in the U.K., France, Germany, Spain, Italy, Poland, and the Czech Republic all named Germany. Only Greeks, who work the longest hours in Europe, named Greece.
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A surplus of oil
Since March, the world has been producing more oil per day than it consumes, which is one of the main reasons oil prices have recently fallen below $100 a barrel. Global consumption has declined by nearly 2 million barrels a day since December, even as production has increased thanks to new finds and drilling techniques.
Bloomberg Businessweek
Netflix overtakes Apple
Netflix has overtaken Apple to become the top earner in the U.S. online movie business. Last year, Netflix, which had less than 1 percent of the online movie market in 2010, laid claim to 44 percent of movie distribution dollars on the Web, compared with Apple’s 32.3 percent.
Time.com
Apple's rate of inventory turnover
Apple turns over its inventory once every five days, according to technology research firm Gartner. Among the 25 companies with the best-run global supply chains, only McDonald’s turns over its stock faster. By comparison, Dell and Samsung turn over inventory roughly once every 10 and 21 days, respectively.
TheAtlantic.com
Expanding the Internet
The Internet just got much, much bigger. The potential number of unique IP addresses has been expanded from the current 4.3 billion to 340 undecillion, or 340 trillion trillion trillion. The Internet Society, which sets global standards for the Web, says the new addresses, which have 32 digits instead of the current 12, are needed since so many more devices—watches, cars, eyeglasses—will soon be Web-enabled.
CNNMoney.com
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Quiz of The Week: 16 – 22 AugustQuiz Have you been paying attention to The Week's news?
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Can Soho House get its edge back?Talking Point The private members' club has lost its exclusive appeal – but a £2 billion buy-out could offer a fresh start
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The week's best photosIn Pictures A human pyramid, a church on wheels, and more
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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