Economy

OhSoWe.com founder Chuck Templeton in front of his backyard

The sharing economy

Internet entrepreneur Chuck Templeton is worried about our planet's future - and he's created a web site to allow us to go back to the good old days of sharing with our neighbors as a way to reduce consumption. more

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Economy

Indiana critical of State Fair organizers, others in stage collapse

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February, 08, 2012

The Indiana Occupational Safety and Health Administration (IOSHA) on Wednesday issued a scathing report about last summer’s deadly stage collapse.It cited three organizations, including the Indiana State Fair Commission, the entity that hosts the annual state fair in Indianapolis, for safety... more

Economy

Groupon posts $42.7 million loss

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February, 08, 2012

Online deals site Groupon, reporting for the first time as a public company, says its fourth-quarter revenue rose sharply, but it lost money.Groupon Inc. said Wednesday that its net loss attributable to common shareholders was $42.7 million, or 8 cents per share, for the period. A year earlier, it... more

Economy

What the U.S. can learn from China

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February, 08, 2012

American views toward China are often characterized as mistrustful and cautious. NYU economics professor Ann Lee argues, however, that this wary approach often prevents us from drawing important lessons about the way China does things. Ann discusses some of the learning opportunities she has laid... more

Economy

Known for catchy jingles, carpet giant Empire buys rival Luna

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February, 06, 2012

Two well-known Chicago flooring supply stores will now be under one organization. Empire Today LLC., finalized a deal to buy out rival Luna last week.In a statement from a spokesperson for Empire, no Luna employees are expected to lose their jobs. The statement also says Luna is expected to keep... more

Economy

Boeing's 787 has another manufacturing glitch

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February, 06, 2012

Chicago-based Boeing is inspecting its new 787 Dreamliner airplanes after the company discovered a manufacturing flaw. It's the latest setback for the Dreamliner, which Boeing started delivering last fall, three years late. The latest manufacturing glitch was first reported by Jon Ostrower,... more

Economy

Defense cuts test lawmakers' resolve on deficits

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February, 06, 2012

President Barack Obama's call to shrink the military, shut bases and cancel weapons to meet the demand for budget cuts tests the resolve of lawmakers who came to Washington determined to slash the deficit.A new national security strategy reflecting an... more