Word: consumerized
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The business has expanded so fast, and with such little oversight, that reliable numbers are hard to come by. There are perhaps 10,000 swiftlet buildings in Malaysia alone, which each year produce 144 metric tons of nests worth $160 million, reports the Malaysian government news agency Bernama. Nests from...
3 | Washington Don't Eat That In an effort to curb the salmonella and E. coli outbreaks that have plagued the U.S. food supply, the White House announced tighter food-safety rules governing the production of eggs, poultry, beef and produce. But while consumer groups touted the new regulations as...
6 | Detroit A Win for GM It appears Cadillac will not be going the way of the Edsel, thanks to a federal bankruptcy judge's ruling that may save General Motors. The July 5 decision will let GM sell its best assets--including the Cadillac and Chevrolet brands--to a...
As companies struggle to keep afloat in an age of abundance, Anderson posits a provocative solution: give your wares away gratis. An idea "as powerful as it is misunderstood," Free has become a multibillion-dollar business model tailor-made for the Internet economy. As digital-infrastructure costs approach zero, Anderson...
This has some folks in Washington concerned. In June, the Government Accountability Office said it had uncovered misleading marketing practices in the reverse-mortgage industry, and Missouri Senator Claire McCaskill, a longtime consumer advocate, chaired a hearing to investigate predatory lending tactics. A big no-no is cross-selling, e.g...