This week articles talk about the economics of art fairs, how the New York tunnel connecting New Jersey impacts the economy and Chicago’s ticketing bias as a leading indicator of the city’s bankruptcy crisis.
The cash-strapped city employs punitive measures to collect from cash-strapped residents — and lawyers benefit. A law professor and economist at Columbia Law School who has studied the ties between ticket debt and bankruptcy in Chicago, said low-income, African-American households are more affected by ticket debt because they have less money to pay tickets even before debt mounts.
Amazon.com is in talks with big banks about building a checking-account-like product the e-commerce giant could offer customers. Last fall, it put out a request for proposals from several banks for a hybrid-type checking account and is weighing pitches from firms including JPMorgan and Capital One Financial Corp.
An art fair, with hundreds of galleries in a single space that’s in, or close to, collectors’ homes “allows patrons today to discover a lot of galleries and artists in a concentrated way.” But what is the economics behind the art fairs?
The EU aims to apply a 25% tariff on a range of consumer, agricultural and steel products imported from the U.S. if Trump follows through on his tariff threat. The list of targeted U.S. goods includes motorcycles, jeans and bourbon whiskey
Trump’s opposition to a new rail tunnel linking New York and New Jersey beneath the Hudson River, poses new risk to the American economy. The Northeast accounts for 30 percent of all jobs in the U.S. and contributes $3 trillion annually to the U.S. economy. It’s home to 51 million people—one in 7 Americans
Billionaire Co-founder and Executive Chairman of the private equity firm, The Carlyle Group, talks about his life growing up, his passion for philanthropy and reading, and how he’s managed to serve on countless boards of various companies.
Our twice weekly newsletter curates the most impactful news stories across the world of business, finance and technology. Simplified, digestible facts, delivered with humor and relatable to our everyday lives.