The legendary Sears catalog, discontinued in 2003, was one of the most innovative consumer tools of its time. It catapulted company sales and placed store items within reach of people in rural areas far removed from retail stores. It revolutionized the way business was conducted. … [Read more...] about A new-economy pioneer for Oakland’s old-economy showpiece
Dbusiness champions of the new economy
On the automation front, White Castle is testing a burger-grilling robot appropriately named Flippy. Meatpacking plants -- an early hotspot for the pandemic -- are speeding up strategies to replace human meatcutters with robots. MIT has designed a robot that can disinfect a 4,000-square-foot warehouse floor in a half hour. … [Read more...] about Andrew Yang: It’s a ‘ridiculous fantasy’ to think America’s economy will snap back to normal
The fourth came in the 35th minute when Celtic failed to deal with a Neymar free-kick into the box and the ball fell to the unmarked Mbappe who, from 10 yards, drove through Gordon and into the far corner. … [Read more...] about PSG 7 Celtic 1 match report: Neymar and Edinson Cavani net doubles as French side break Champions League group stage scoring record
The Fed last lowered currency swaps during the European debt crisis in 2011. The move makes borrowing US dollars cheaper for banks around the world. Swapping currencies, particularly dollars, is a staple of global financial transactions. The global currency market has been short on dollars, a safe-haven currency that investors and countries buy in times of crisis. … [Read more...] about Federal Reserve cuts rates to zero to support the economy during the coronavirus pandemic
The U.S. economy is expected to decline less than 6 percent for the full year. The outperformance of the U.S. compared with European nations conclusively undermines claims by critics in the Democrat Party and the media that the Trump administration’s handling of the pandemic has harmed the economy. … [Read more...] about Germany’s Economy Shrinks 34.7% — Worse Than U.S.