In The Headlines Does the Melting of the Arctic Represent a $1 Trillion Opportunity? The melting of the Arctic ice cap, and the unveiling of resources below it, presents mind-boggling opportunities for energy, shipping, fishing, science, and military exploitation. Energy and shipping have been first up. Norway made its national fortune [...]
In The Headlines Large Department Store Chains Rethink their Focus on Apparel Consumers are spending more on experiences, from travel to a meal out, which is chipping away at sales of tangible things, like clothing. And when shoppers do buy apparel, they are gravitating to off-price retailers such as T.J. Maxx [...]
The Rich Are Different Back in the Gilded Age, an ambitious social climber and noted toady named Ward McAllister coined the phrase "the Four Hundred," named for the number of people that Manhattan heiress Caroline Astor could fit in her Fifth Avenue ballroom. In 1982, Forbes magazine borrowed that same number [...]
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