The bottom line
In China, fuel costs rise again; Full-service restaurants gain favor; The future of business cards; States take the axe to taxes; New Jersey's strong anti-corruption laws
In China, fuel costs rise again
China has increased fuel prices for the second time in just over a month. Benchmark diesel now costs about $1.22 per liter and gasoline $1.17—about 20 percent higher than average U.S. prices, and 50 percent higher than pump prices in China three years ago.
Reuters.com
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Full-service restaurants gain favor
Americans are eating out more at restaurants with waiters. Over the 12 months through January, sales at full-service restaurants were 8.7 percent higher than in the previous 12 months, the fastest growth since the late 1990s. Americans spend $220 billion a year at full-service restaurants, and $211 billion at places that serve food only over the counter.
The New York Times
The future of business cards
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Thanks to LinkedIn, smartphones, and the Bump app, exchanging paper business cards is becoming passé. U.S. printers made $211 million last year on the business card market, down 13 percent from 2006.
Los Angeles Times
States take the axe to taxes
States cut taxes by nearly $2 billion last year, the first reduction in a decade. Much of the drop came from the expiration of temporary sales tax hikes in California and North Carolina. Twenty-one states lowered personal income taxes, and 20 cut corporate taxes to attract businesses and new jobs.
CNNMoney.com
New Jersey's strong anti-corruption laws
New Jersey may have a reputation for corruption, but a study by the Center for Public Integrity found it has the strongest anti-corruption laws. The Garden State earned a B+ in the organization’s rankings, the best grade in the country. Eight states received F’s, including Virginia, Wyoming, and Georgia, which ranked last.
Bloomberg.com
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