Tired of capitalism? There could be a better way.

Tired of capitalism? There could be a better way.

Governments have typically dealt with capitalism’s more misery-inducing tendencies by creating institutions of labor protection — such as the right to organize unions — and by building out modern welfare states. Although these policy programs have been fairly successful, especially in the countries that have pushed them the furthest, they have not fully eliminated coercion and deprivation.

View Full Post

More great content like this @ Business & Economy Front Page or you can Request Invite

Inside The Mermaid Economy

Inside The Mermaid Economy

It’s not easy being a mermaid. Just ask Rachel Smith, the head mermaid at Dive Bar, a plush lounge in downtown Sacramento. Every night, she and a dozen other professional mermaids perform elaborate routines to entertain patrons in a 40-foot aquarium populated by fish and filled with 7,500 gallons of saltwater. While Smith, who has been working at Dive Bar since it opened in January 2011, describes her job as a dream come true…

View Full Post

More great content like this @ Business & Economy Front Page or you can Request Invite

Orthopedic surgeon Dr. Munir Uwaydah alleged ringleader in $150 million insurance scam

Orthopedic surgeon Dr. Munir Uwaydah alleged ringleader in $150 million insurance scam

An orthopedic surgeon is charged as the ringleader in one of California's biggest health fraud schemes, which included unnecessary operations by an untrained assistant that scarred patients forever, according to indictments unsealed Tuesday. Dr. Munir Uwaydah and 14 associates, including another doctor and a lawyer, bilked insurance companies out of $150 million in the scheme, Los Angeles District…

View Full Post

More great content like this @ Business & Economy Front Page or you can Request Invite

Swiss watchdog opens bank probe into precious metal collusion

Swiss watchdog opens bank probe into precious metal collusion

The Swiss competition watchdog has launched an investigation into possible collusion in the precious metals market by several major banks, it said on Monday, the latest in a string of probes into gold, silver, platinum and palladium pricing.

View Full Post

More great content like this @ Business & Economy Front Page or you can Request Invite

What happens when U.S. rates rise?

What happens when U.S. rates rise?

When U.S. rates rise how will this affect longer-term rates, the dollar – and precious metals? Saida Litosh, senior precious metals analyst at GFMS at Thomson Reuters explains. We analyze the three episodes of monetary policy tightening in the United States in the past 20 years, specifically 1994-1995, 1999-2000, and

View Full Post

More great content like this @ Business & Economy Front Page or you can Request Invite

Sneaker Wars: Inside the Battle Between Nike and Adidas

Sneaker Wars: Inside the Battle Between Nike and Adidas

For decades it’s looked like no company could ever topple Nike, the $86 billion global sneaker juggernaut. But just across town from ultra-secretive Nike HQ in Oregon, Adidas has suddenly mounted a full-scale arms race, poaching designers, signing superstar endorsements, and unveiling space-age technology in an attempt to dethrone the king. Matthew Shaer reports on the bitter battle over the right to dress your feet…

View Full Post

More great content like this @ Business & Economy Front Page or you can Request Invite

Whole Foods cutting 1,500 jobs

Whole Foods cutting 1,500 jobs

Whole Foods (WFM) is cutting 1,500 jobs over the next two months, or about 1.6% of its workforce, as it focuses on its strategy to lower prices for customers, the grocery chain said Monday. Shares ended down 1.1% for the day. The cuts come after Whole Foods added more than 9,000 jobs in the past year. The company said it expects "a significant percentage" of employees being let go to find other jobs among Whole Foods' open positions…

View Full Post

More great content like this @ Business & Economy Front Page or you can Request Invite