In the years before the Transportation Safety Administration (TSA) and heightened security measures, airports opened their doors to pretty much anybody who wanted to come in. Of course, most of the non-travelers who spent time in terminals were people waiting for passengers to disembark. After all, 20th century airports didn’t have much else besides a few newsstands and small restaurants. 

Nowadays, though, many airport concourses are starting to look more like resorts than travel hubs. For instance, Tampa International Continue reading

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June 27, 2019

Last week, the U.S. Justice Department intervened in a class-action lawsuit against some of the nation’s largest poultry producers. The plaintiffs in the case claim that companies like Tyson Foods, Perdue Farms, and Pilgrim’s Pride conspired together to fix the price of chicken. Given that these allegations involve some of the top firms in a huge industry, the federal government decided to take over legal proceedings for the rest of the year. “The Justice Department wants to make sure they Continue reading

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June 25, 2019

For decades, the New Jersey-based party supply retailer Party City has relied on balloon sales to keep it afloat. Doing so requires a plentiful supply of helium, the second-most abundant element in the universe that is nevertheless increasingly difficult to find on Earth. Due to both supply chain and production problems, companies are currently using up helium at a quicker rate than it can be produced. As a result, the skyrocketing price of helium has begun to spoil the fun Continue reading

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June 21, 2019

Last weekend, Target shoppers around the country received some unwelcome news when they reached the checkout counter. Due to an “internal technology issue,” the retailer’s registers crashed for about two hours on Saturday afternoon. Soon social media became filled with footage of long lines at Target stores as employees completed cash transactions by hand. Of course, many customers abandoned their carts and went home after they learned about the problem.

Eventually Target announced that the registers had come back online, Continue reading

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June 20, 2019

In recent months, officials at the Federal Reserve have debated whether or not the institution should do anything to combat rising inflation. This video explains the basics about inflation and what the Fed could potentially do about it.

Questions:

  1. What are some of the potential causes of inflation?
  2. What is the Federal Reserve’s role in managing inflation?
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June 18, 2019

For most of the 20th century, American consumers relied on small local shoe stores to fulfill all of their footwear needs. Then big sporting goods retailers arrived on the scene followed by sophisticated online operations like Zappos. Although this increased competition forced some independent outlets to close, many others managed to survive thanks to their high level of service. At Colburn Shoe Store in Maine, for example, employees remember exactly what size shoe their customers wear as well as their Continue reading

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June 14, 2019

In 2013 the photo sharing app Ever launched with the slogan “Make memories” as it invited people to store their pictures on the startup’s cloud-based platform. Millions of users took the company up on its offer and shared their “best moments” on Ever over the years. According to a recent report from NBC News, however, Ever’s sentimental marketing doesn’t mention a key part of its business plan. All photos stored on the app are used by the company to Continue reading

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June 13, 2019

The last few years have not been good for Claire’s, the mall-based retailer known for its adolescent-focused cosmetics and accessories. In early 2018 the company filed for Chapter 11 bankruptcy protection after it accrued more than $2 billion in debt. Although Claire’s eventually emerged from bankruptcy, the end of the year also brought an unwelcome announcement from the Food and Drug Administration (FDA). According to the federal agency, Claire’s had been under investigation since 2017 for “high levels of asbestos” Continue reading

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June 11, 2019

On Sunday night CBS aired the 73rd Annual Tony Awards, one of the most important evenings in American theater. But while this prestigious ceremony has been compared to Broadway’s version of the Oscars, the Tonys don’t attract nearly as large of an audience as Hollywood’s big night. For instance, 30 million people watched the Academy Awards in February compared to just 6 million viewers for Sunday’s show. Although Broadway continues to enjoy strong box office sales, many theaters have had Continue reading

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For more than a decade, the British chef Jamie Oliver has been world famous for his global empire of restaurants and campaigns against junk food. But while he remains committed to using his platform to promote healthy eating, his name doesn’t appear to hold the same branding power as it once did. A few weeks ago, the celebrity chef announced that 22 of his 25 U.K. eateries would close after the Jamie Oliver Restaurant Group filed for bankruptcy protection. Although Continue reading

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