Instead, the research team decided to headquarter Santa’s mythical workshop in Shenzhen, China, where there’s “a local airport and shipping port that isn’t possible in the North Pole,” said study author, John Pring. Shenzhen is “set up for heavy manufacturing and shipping those goods worldwide,” he continued. Shipping by road from the city would cost
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Children born into the top 1 percent of households by income are 10 times as likely to become inventors as those from below-median income families, according to a new study. Economists from Stanford, Harvard, MIT and the U.S. Treasury Department published their findings as part of a working paper with the National Bureau of Economic
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Patrick T. Fallon | Bloomberg | Getty Images David Simon, chairman and chief executive officer of Simon Property Group Starbucks and Amazon-owned Whole Foods are the latest victims of retail landlords pushing back against companies shuttering stores and trying to bypass contractual agreements. Recently, the largest U.S. mall owner, Simon Property Group, claimed a high-profile
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Forward-thinking legal thinkers are helping us grasp these dynamics. For example, Rory van Loo has described the status of the “corporation as courthouse“—that is, when platforms like Amazon run dispute resolution schemes to settle conflicts between buyers and sellers. Van Loo describes both the efficiency gains that an Amazon settlement process might have over small
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Deputy National Security Adviser Dina Powell will depart the White House “early next year,” press secretary Sarah Huckabee Sanders said Friday. In a statement, the White House spokeswoman called Powell “a key, trusted advisor in this administration,” but said “she has always planned to serve one year before returning home to New York.” Sanders said
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One of Wall Street’s top strategists and a longtime bitcoin fan has unveiled his top stock ideas to clients as a way to play the cryptocurrency craze. Fundstrat’s Tom Lee was the first major strategist to issue an official price target on bitcoin and now becomes the first to give clients direct bitcoin equity plays.
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You should also make sure you have adequate insurance coverage, Adams said. Take inventory of what you own and categorize major items, such as furniture, electronics and art work, to accurately assess their value. Note if your possessions have changed since you last updated your homeowner’s policy. If you have bought expensive furniture or electronics,
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Check out which companies are making headlines before the bell: General Motors — In a roundup of auto companies, Piper Jaffray wrote in a note that General Motors is “very cheap” compared to others in the industry. The firm views GM as “the second least-risky” company in its coverage and named the motor city giant
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Waze found that drivers are most unsatisfied in Honolulu. The Hawaiian city ranked lowest for access to gas stations and parking, in addition to having relatively poor road quality and infrastructure. San Diego, Los Angeles and San Francisco are also among the worst-rated metros. Some snowy cities appeared among Waze’s top-rated cities, while the bottom
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