Mistrust in America could sink the economy

Mistrust in America could sink the economy

America is a grumpy and confused place. For an overarching explanation of what has gone wrong, a decline in trust is a good place to start. Trust can be defined as the expectation that other people, or organisations, will act in ways that are fair to you. In the White House and beyond there is precious little of it about. People increasingly view institutions as corrupt, strangers as suspicious, rivals as illegitimate and facts as negotiable.

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Netflix Co-Founder’s Crazy Plan: Pay $10 a Month, Go to the Movies All You Want

Netflix Co-Founder’s Crazy Plan: Pay $10 a Month, Go to the Movies All You Want

As movie theaters struggle with tepid sales, Mitch Lowe has an extreme proposal for how to get more people into seats: Let them come to all the showings they want for about the price of a single ticket each month. Lowe, an early Netflix Inc. executive who now runs a startup called MoviePass, plans to drop the price of the company’s movie ticket subscriptions on Tuesday to $9.95. The fee will let customers get in to one showing every day at any theater in the U.S…

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The Rise of the Fidget Spinner and the Fall of the Well-Managed Fad

The Rise of the Fidget Spinner and the Fall of the Well-Managed Fad

Earlier this year, when Christine Osborne first realized that fidget spinners — those small devices that have, seemingly overnight, colonized playgrounds and classrooms — were going to become a huge hit, she felt a deep anxiety. This was surprising, because Osborne owns multiple toy stores in South Carolina. Twenty years ago, she would have greeted a new fad like fidget spinners with glee.

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Americans’ Debt Level Notches a New Record High

Americans' Debt Level Notches a New Record High

Americans' debt level notched another record high in the second quarter, after having earlier in the year surpassed its pre-crisis peak, on the back of modest rises in mortgage, auto and credit card debt, where delinquencies jumped.

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Is The World’s Resources Not Enough for Everyone?

Is The World's Resources Not Enough for Everyone?

Today, nearly 8 billion people live in the world. Each year, 4.5 billion tons of food is produced. Our world's food production has enough capacity to easily feed humanity, even with an overproduction of 50%. In other words, enough food is produced every year to feed 10 billion people. This statistic proves that famine is not the reason behind the wars of the world. No one is attacking or slaughtering others to survive; no one's survival depends on someone else's death.

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The Last American Baseball-Glove Maker Refuses to Quit

The Last American Baseball-Glove Maker Refuses to Quit

This little brick factory isn’t supposed to be here. It should be in the Philippines, or Vietnam, maybe China. Not here, in the heart of Texas. Baseball gloves, like many other things, aren’t really made in America anymore. In the 1960s, production shifted to Asia and never came back. It might be America’s favorite pastime, and few things are more personal to baseball-lovers than their first glove — the smell, the feel, the memory of childhood summers.

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Wells Fargo accused of ripping off mom-and-pop shops

Wells Fargo accused of ripping off mom-and-pop shops

Wells Fargo has already admitted to charging people for overdrawing bank accounts that they didn't have and for car insurance that they didn't need. Now, it's being accused of ripping off vulnerable mom-and-pop businesses. For several years, Wells Fargo's merchant services division overcharged small businesses for processing credit card transactions, a lawsuit alleges. Business owners who tried to leave Wells Fargo were charged "massive early termination fees," according to the lawsuit filed in US District Court.

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