Remittances to the developing world increases to $305 billion
The economic crisis has slowed financial flows to the developing world to a trickle— except for remittances from migrant workers. Last year
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Security contractor Blackwater changes its name
Its brand name tarnished by criticism of its actions in Iraq, private security contractor Blackwater recently changed
its name to Xe, pronounced “Z.” The new name, the company says, reflects its change of focus from private security to “an exciting place.”
Associated Press
Railroad companies idle 206,000 boxcars
With freight shipments down as a result of the recession, railroad companies have idled 30 percent of their carrying capacity, or 206,000 boxcars. Placed end to end, the empty cars would stretch from New York City to Salt Lake City.
The Wall Street Journal
US Airways will stop charging for beverages
US Airways this week said it would stop charging coach passengers for coffee and soft drinks. When other carriers decided not to impose such charges, US Airways was left at a competitive disadvantage.
CNNmoney.com
U.S. remains the world's leading manufacturer
Despite the recession, the U.S. remains the world’s leading manufacturer, measured by the value of goods produced. U.S. factories turned out a record $1.6 trillion of goods last year, nearly double 1987’s output. For every $1 of value produced in China’s factories, the U.S. generates $2.50.
International Herald Tribune
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The Great Art Fraud: a 'riveting' tale of a disgraced art dealerThe Week Recommends BBC2 documentary explores extraordinary story of 'class-A grifter' charged with fraud
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The Roses: Olivia Colman and Benedict Cumberbatch star in black comedy rebootThe Week Recommends 'Acidly enjoyable' remake of the 1980s classic features a warring couple and toxic love
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Why reports of Donald Trump's demise are greatly exaggeratedIn The Spotlight US president has once again brushed aside rumours that he's dead
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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
feature High cellphone taxes; Companies shore up pension funds; The bite of high gas prices; More dads stay home; Americans' scarce savings; Clorox sales hit a peak
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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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The bottom line
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 No new jobs in August for small business; Lowest corn harvest in 17 years; Louboutin wins battle over red soles; The growing American lower class; U.S.'s competitive ranking drops; The expanding wealth gap