penniesThere are many today who feel that the time has come to retire the penny even though it has been a mainstay of American currency for centuries. The venerable Abraham Lincoln-emblazoned coin has without a doubt seen better times. In 1913 it possessed 25 times more purchasing power than it does currently. The penny also used to be profitable to produce. In 1990 it cost 0.6¢ to make one of the copper-coated coins, resulting in a yield of 0.4¢ Continue reading

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forkTechnology has streamlined so many aspects of modern life that it can be difficult to remember a time when little electronic gadgets didn’t rule the world. Although millions of Americans remain inseparable from their smartphones, not everyone is as enthusiastic about the country’s dependence on technology. In fact, a growing number of scholars and cultural observers are worried that today’s latest innovations are becoming too efficient for humanity’s own good.

Take Google’s self-driving car, for instance. One neuroscientist recently laid Continue reading

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In this video the Treasury Department details all the design changes soon to be implemented on the $100 bill.

http://www.newmoney.gov/uscurrency/redesigned100.htm

Questions:

  1. Why did the Federal Reserve take almost 10 years to develop a new $100 bill?
  1. What other considerations needed to be considered in the new $100 bill?

 

From U.S. Currency

 

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April 25, 2013

manniIf you’ve ever walked into a store and instantly had the feeling like you’re being watched, it’s because you usually are. Between all-seeing security cameras and roving secret shoppers, retailers are busy keeping tabs on customers. Granted, brick-and-mortar stores have every right to be suspicious: inventory loss due to stealing takes a big chunk out of every retailer’s profits. But some customer-tracking techniques have nothing to do with shoplifting; it’s the customer’s shopping habits the businesses are interested in.

While Continue reading

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April 19, 2013

 

priceInformation moves so fast in today’s Internet-enabled world that it can be difficult for companies to keep up. In the case of online retail, demand for a product can shift minute-by-minute, making accurate pricing an extremely difficult task. That’s why many businesses are opting to price their goods “dynamically” rather than relying on a single concrete number.

Although new to some retailers, dynamic pricing has been common in the airline industry for years. In order to lessen the likelihood Continue reading

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April 15, 2013

zaraThe years following the start of the recession have not been kind for much of the retail industry. For the clothing company Zara, however, the downturn has been something of a blessing. The Spanish brand came to global prominence in the 1990s as its affordable but fashionable looks started to arrive at stores on foreign shores. Today the company brings in more than $9 billion annually from 1,600 locations as shoppers the world over turn to Zara’s lower price tags Continue reading

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April 10, 2013

rbullEver since The Colgate Comedy Hour premiered in the 1950s, companies have been happy to stamp their names across a variety of entertainment ventures. For some modern companies, though, simply being the sponsor of an event no longer has the same appeal. After all, nearly every form of mass entertainment features a sponsor of some type. Whether it’s TV, concerts or sporting events, consumers are constantly bombarded with the names of corporate benefactors, making it difficult for some brands to Continue reading

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April 7, 2013

budTo most American beer drinkers, there’s only one Budweiser. Go to the Czech Republic, however, and you might be in for a bit of surprise. Since 1895 the brewing company Budejovicky Budvar has been making a beer called Budweiser. And no, they didn’t just rip the name off from the iconic AB Inbev brand. The brewery operates in a region of the Czech Republic called Budweiser, where people have been brewing beer since 1295. In fact, the region’s proud brewing Continue reading

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April 5, 2013

swissWhen the credit crisis hit in 2008, much of the public’s ire fell on the Wall Street executives who earned enormous salaries as the financial system crumbled. Legislators and activists demanded that the country’s corporations revert to more reasonable pay packages, especially those companies who received government bailouts. Nearly five years later, however, little has been done to curb outsized executive compensation. Well, at least in the U.S.

Switzerland, on the other hand, recently voted for legislation that aims to Continue reading

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April 3, 2013

 

In the eyes of many Occupy Wall Street sympathizers, the people who run America’s biggest companies are untouchably wealthy power brokers. However, this viewpoint fails to take into account the startling effect that the recession had on job security across the spectrum. One need not look further than the fate of former Groupon CEO Andrew Mason. After a string of failures, the board elected to part ways with the company’s founder. In his farewell statement to staff, Mason cheekily Continue reading

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