Originally published on Fri November 1, 2013 12:44 pm
When many Americans hear the word "globalization," they think: "jobs going overseas."
And sometimes it does mean just that.
But as globalization knits nations closer together, foreign companies increasingly are creating jobs in the United States, not luring them away. Despite the Great Recession, slow recovery and political dysfunction in Washington, the United States remains a top destination for the world's wealth.
With economic uncertainties in Washington, how is big business planning for the future? Robert Siegel talks to Delta Airlines CEO Richard Anderson about whether he's planning to grow his company or put off investments until the economy evens out.
Housing has been one of the bright spots in the economy this year. This week, a report showed that home prices in the top 20 cities continued their robust upward march in August. There are also far fewer foreclosure sales and other signs of distress in the market.
But the Federal Reserve expressed concern Wednesday about the slowing housing market. Pending home sales fell far more than expected. And housing experts are bracing for some volatility.
He was boastful, he was brash and he came to represent a booming Brazil that was finally taking its place as an economic powerhouse on the world stage.
Eike Batista had the cars: a Mercedes McLaren worth a quarter of a million dollars parked in his living room; the boat, called "the Pink Fleet," and the women: He was married to a former Playboy model and a Carnival queen.
Saying it has "determined that airlines can safely expand passenger use of Portable Electronic Devices (PEDs) during all phases of flight," the Federal Aviation Administration announced Thursday that it is advising airlines they can let fliers use their much-loved e-books, tablets and other handhelds "gate-to-gate."
Cellphone calls, however, would still be prohibited.
Nintendo, the world's largest video game company, reported its third quarterly net loss in a row — the latest was just over $81 million. The Wii U gaming console's disappointing sales are the main culprit. It has sold just 5 percent of what Nintendo had projected a year ago.
Pulp-fiction writer Howard Phillips "H.P." Lovecraft has for decades terrified an underground following of readers with horror stories about monsters and aliens. He's known to some as a bad writer, and to many as a racist. Even during the author's lifetime, his readership was limited.
To the long list of problems plaguing HealthCare.gov, add data security. The enrollment site for the new health insurance exchanges had a security flaw that didn't get patched up when the exchange marketplace went live.