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Must Read Money Stories, Tuesday, Nov. 18
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Must Read Money Stories, Tuesday, Nov. 18

By on Nov 18, 2014

  Japan’s economy has taken an unexpected downturn. FiveThirtyEight writes that 18 economists predicted the country’s economy would have a third quarter upswing — instead, it contracted by 1.6 percent. Ben Casselman said Japan’s shrinking GDP, which also experienced a 7.3 percent contraction earlier this year, is indicative of a recession, and that’s bad news for […]

Must Read Money Stories for Thursday, Nov. 13
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Must Read Money Stories for Thursday, Nov. 13

The Federal Communications Commission has the GOP breathing down its neck. FCC chairman Tom Wheeler is being squeezed from both sides of the aisle: President Obama came down strongly in favor of net neutrality earlier this week, and now Republicans are urging Wheeler to not overstep his authority, the New York Times reports. The House […]

The murky economics of hosting major sporting events
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The murky economics of hosting major sporting events

Ever since major cities started forking over millions to build stadiums, the economics of professional sports investment have been controversial. The payoff of hosting the olympics is a common debate for this topic; countries and cities spend billions to build stadiums and facilities that are often neglected after the event, and the true economic lift […]

Must Read Money Stories, Tuesday, Nov. 4
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Must Read Money Stories, Tuesday, Nov. 4

Happy Election Day! As many voters head to the polls, the economy might not be on their minds. The Upshot writes that the state of the U.S. economy is only a major factor in presidential election years. When we’re voting for our commander in chief the correlation between growth in GDP and vote shares (for […]

Must Read Money Stories Friday, Oct. 31
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Must Read Money Stories Friday, Oct. 31

Glitch causes “flash blast” at NYSE. The New York Stock Exchange experienced another technical glitch that affected markets yesterday. The Wall Street Journal reports the glitch caused the NYSE to shut down trading in New York, and instead conduct trades through a disaster recovery center in Chicago. The WSJ reports this is the first time […]

The NBA season is starting, and its salary bonanza is just beginning
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The NBA season is starting, and its salary bonanza is just beginning

The 2014-15 NBA season tips off Tuesday night, when the Orlando Magic play the New Orleans Pelicans, the Houston Rockets take on the Los Angeles Lakers and the Dallas Mavericks travel to San Antonio to face the Spurs. Expectations are the highest they’ve been in years, thanks to a giant reshuffling of superstars during the […]

Must Read Money Stories Friday Oct, 24
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Must Read Money Stories Friday Oct, 24

The dominant online retail model takes a hit. Sure, sure, it’s earnings season, and every morning there’s a new quarterly report to digest, which may or may not have any impact on anyone’s lives beyond today. But the reaction to Amazon’s earnings yesterday is something worth watching. First, as the Wall Street Journal reports, it […]

Must Read Money Stories Thursday, Oct. 23
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Must Read Money Stories Thursday, Oct. 23

On Wednesday, a group of major companies pledged to offer their workers discounted solar systems. The New York Times reports that Cisco Systems, 3M, Kimberly-Clark and National Geographic will extend these solar benefits to its employees. Solar Community Initiative — a Geostellar program conceived by the World Wildlife Fund — will give more than 100,000 […]

Must Read Money Stories, Tuesday, Oct. 21
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Must Read Money Stories, Tuesday, Oct. 21

Apple sold 39 million iPhones last quarter, shattering last year’s sales. The technology company made $8.5 billion in profit, according to the New York Times, which was 13.3 percent higher than 2013’s fourth quarter earnings. Analysts point to Apple’s skyrocketing sales of its new iPhones as one of the major reasons for its success, as […]