Airlines are trying to cram ever-more seats onto planes

Airlines are trying to cram ever-more seats onto planes

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Airlines are trying to cram ever-more seats onto planes
AIRLINES use all sorts of clever tricks to make more money from passengers. They charge extra for bags, for food and for selecting where you sit. Now they are embracing another strategy: packing more seats onto each plane. Last month American Airlines announced that it will insert 12 more seats, or two rows, into its […]
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6 Ways for Your Small Business to Cut Expenses

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6 Ways for Your Small Business to Cut Expenses
The best cost management ideas start with cutting expenses. Let us look at ways an owner might cut operating costs and reduce overhead. Facebook Twitter Google+ Pinterest LinkedIn Buffer WhatsApp
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America’s Public Company Accounting Oversight Board gets a new boss

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America’s Public Company Accounting Oversight Board gets a new boss
THE collapses of Enron and WorldCom in the early years of this century turned book-cooking into front-page news. Investors lost over $200bn; in 2002 the stockmarket fell by over a fifth between April and July. In response, America’s Sarbanes-Oxley Act set up a new body, the Public Company Accounting Oversight Board (PCAOB), to supervise auditors. […]
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When politicians and executives get caught out

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When politicians and executives get caught out
POLITICIANS and executives are held to different standards. That is pretty clear when it comes to issues such as sexual harassment, notwithstanding the resignation of Al Franken or the rejection by voters of Roy Moore. As others have pointed out, the tweets and remarks of Donald Trump would have seen him forced out of the […]
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Hedge funds embrace machine learning—up to a point

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Hedge funds embrace machine learning—up to a point
ARTIFICIAL intelligence (AI) has already changed some activities, including parts of finance like fraud prevention, but not yet fund management and stock-picking. That seems odd: machine learning, a subset of AI that excels at finding patterns and making predictions using reams of data, looks like an ideal tool for the business. Yet well-established “quant” hedge […]
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Rio Tinto puts its faith in driverless trucks, trains and drilling rigs

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Rio Tinto puts its faith in driverless trucks, trains and drilling rigs
Data-mine ore FOR millennia, man has broken rocks. Whether with pickaxe or dynamite, their own or animal muscle, in a digger or a diesel truck, thick-necked miners have been at the centre of an industry that supplies the raw materials for almost all industrial activity. Making mining more profitable has long involved squeezing out more […]
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A full-scale Venezuelan default could push up oil prices

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A full-scale Venezuelan default could push up oil prices
Who believes in Nicolás? ON NOVEMBER 30th, as oil tsars from the Organisation of the Petroleum Exporting Countries (OPEC) and Russia met in Vienna, Venezuela’s former oil minister, Eulogio del Pino, once one of their number, was seized by armed guards at dawn in Caracas, and taken to jail. His arrest was not publicly acknowledged […]
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Entrepreneurship Research Ranked Top Worldwide

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Entrepreneurship Research Ranked Top Worldwide
According to a new study published in the Journal of Small Business Management –Contributing Forces in Entrepreneurship Research: A Global Citation Analysis, Babson is ranked No. 7, above Harvard, Facebook Twitter Google+ Pinterest LinkedIn Buffer WhatsApp
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Marijuana businesses, excluded from finance, face unusual risks

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Marijuana businesses, excluded from finance, face unusual risks
MANY marijuana growers in northern California, America’s biggest source of the stuff, had expected this autumn’s harvest to be the largest ever. After all, recreational marijuana becomes legal in the state in January. Instead, wildfires in October—spreading so fast they killed 43 people—burned up half the marijuana growing in the area’s tri-county “Emerald Triangle” alone. […]
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Two more illustrious Japanese firms admit to falsifying quality data

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Two more illustrious Japanese firms admit to falsifying quality data
AKIO MORITA, co-founder of Sony, liked to recall his first trip to Germany in 1953, when a waiter stuck a small paper parasol in his ice-cream and sneered: “This is from your country.” Like many of his post-war compatriots, Mr Morita was ashamed that Japan was known for shoddy goods. The fierce drive to reverse […]
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‘Avoid entering small-caps with short-term view’

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‘Avoid entering small-caps with short-term view’
Despite the bullish trend in the equity market on hopes of economic turnaround, about 87 equity schemes with assets under management (AUM) of ₹2.43 lakh crore are lagging behind their respective Facebook Twitter Google+ Pinterest LinkedIn Buffer WhatsApp
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The euro zone’s boom masks problems that will return to haunt it

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The euro zone’s boom masks problems that will return to haunt it
“WHAT does not kill me makes me stronger,” wrote Nietzsche in “Götzen-Dämmerung”, or “Twilight of the Idols”. Alternatively, it leaves the body dangerously weakened, as did the illnesses that plagued the German philosopher all his life. The euro area survived a hellish decade, and is now enjoying an unlikely boom. The OECD, a club of […]
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A flattening yield curve argues against higher interest rates

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A flattening yield curve argues against higher interest rates
CENTRAL bankers may control short-term interest rates, but long-term ones are mostly free to wander. They do not always behave. When Alan Greenspan, then chairman of the Federal Reserve, was raising short rates in 2005, he described a simultaneous decline in long rates as a “conundrum”. His successor-to-be, Ben Bernanke, blamed foreign investments in American […]
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Plant-based “meat” is so tasty that Europe’s meat industry has to bite back

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Plant-based “meat” is so tasty that Europe’s meat industry has to bite back
Carroticide THE “kapsalon” is a healthy mix of chips, melted Gouda cheese, shawarma, lettuce and garlic sauce and is a tried and tested hangover cure in the Netherlands. So naturally, a butcher’s shop on the Spui, in The Hague, put it on its takeaway menu, alongside burgers and sausage rolls. As two young women walk […]
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Republicans grouse about tax models they once supported

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Republicans grouse about tax models they once supported
THEY have been at this a long time. In 1994 Republicans, newly in charge of Congress, held hearings on what would come to be called “dynamic scoring”. Bills, they said, should be evaluated using the predictive power of macroeconomic models. If the model predicts more GDP growth, then it could be inferred that the growth […]
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Digital news outlets are in for a reckoning

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Digital news outlets are in for a reckoning
GREAT expectations attended digital journalism outfits. Firms such as BuzzFeed and Mashable were the hip kids destined to conquer the internet with their younger, advertiser-friendly audience, smart manipulation of social media and affinity for technology. They seemed able to generate massive web traffic and, with it, ad revenues. They saw the promise of video, predicting […]
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Unilever dodges the Brexit crossfire

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Unilever dodges the Brexit crossfire
IN 1929 the Lever Brothers, a British soapmaker, merged with Margarine Unie, a Dutch margarine manufacturer, to form Unilever. The company has an annual turnover of over €50bn ($59bn), and a portfolio of brands that is recognisable worldwide, from its Flora spread to its Persil detergent. It has retained dual nationality for nearly 90 years, […]
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The tumultuous career of Patrick Drahi

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The tumultuous career of Patrick Drahi
WHAT does France’s corporate establishment make of the change in fortunes of Patrick Drahi, a telecoms billionaire who achieved brief greatness before crashing to earth? In August he was reported to be planning a $185bn bid for Charter Communications, America’s second-largest cable operator, which is part-owned by John Malone, a famous cable investor. This month […]
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China’s bicycle-sharing giants are still trying to make money

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China’s bicycle-sharing giants are still trying to make money
Shades of cycling joy STEVE JOBS liked to describe computers as “bicycles for the mind”—tools that let humans do things faster and more efficiently than their bodies would allow. The internet-connected bikes flooding the streets of urban China could be called “computers for the road”. Networked, trackable and data-generating, they are ones and zeros in […]
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Google can no longer count on political goodwill at home

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Google can no longer count on political goodwill at home
“WE USED to be so dismissed,” says Jeremy Stoppelman, the boss of Yelp, an online-review site which has waged a six-year-long battle against Google over how the online giant ranks its search results. Now American regulators are taking concerns about Google more seriously. On November 13th, Josh Hawley, Missouri’s attorney-general, launched an investigation into the […]
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Italy’s new savings accounts fuel a boom in stockmarket listings

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Italy’s new savings accounts fuel a boom in stockmarket listings
ITALY seems an unlikely place to be enjoying a boom in new listings on the stockmarket. It is full of family-run small and medium-sized enterprises (SMEs) that mostly rely for their finance on banks; and Italy’s banks are notorious for the bad debts still lingering on their balance-sheets. But Borsa Italiana, Milan’s stock exchange, has […]
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Internship

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Internship
Applications are invited for a Marjorie Deane internship in our New York bureau. The award is designed to provide work experience for a promising journalist or would-be journalist, who will spend three to six months at The Economist writing about economics, business and finance. Applicants are asked to write a covering letter and an article […]
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The case for reforming airport-slot allocation

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The case for reforming airport-slot allocation
GULLIVER is back from the 141st Slot Conference in Madrid, a meeting of airlines and airport co-ordinators run by the International Air Transport Association (IATA), an airline lobby group. In this week’s issue, he opened the lid on how landing and take-off slots are allocated at congested airports around the world: Instead of letting airports […]
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5 Things to Look for in a Small-Business Phone System

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5 Things to Look for in a Small-Business Phone System
Learn how you can help your small business improve communications, simplify IT management, and save money through a better communications and telephony setup. Facebook Twitter Google+ Pinterest LinkedIn Buffer WhatsApp
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The rich get richer, and millennials miss out

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The rich get richer, and millennials miss out
Early contender for the 2047 list BUOYANT financial markets meant that global wealth rose by 6.4% in the 12 months to June, the fastest pace since 2012. And the ranks of the rich expanded again, with 2.3m new millionaires added to the total, according to the Credit Suisse Research Institute’s global wealth report. The report […]
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What annual reports say, or do not, about competition

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What annual reports say, or do not, about competition
What explains the remarkable strength of corporate profits and the sluggish growth of real wages in recent years? One explanation is that industries are getting less competitive. Work by The Economist found that two-thirds of American industries were more concentrated in the hands of a few firms in 2012 than in 1997. Research by AXA […]
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Nine reasons to use WordPress for an online business

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Nine reasons to use WordPress for an online business
Here, we explore why WordPress could be the right content management system for your small business. Facebook Twitter Google+ Pinterest LinkedIn Buffer WhatsApp
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