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...Next Hundred Million: America...
Given the current economic challenges and political discord, the conventional wisdom might be that the U.S. is in no position to accommodate an additional 100 million people, as it is expected to have to do by 2050, thanks to birth rates and immigration. But Joel Kotkin argues that population expansion can translate into real growth over the next 40 years and can even give the U.S. a leg up on other nations. By 2050, he predicts, America will be more diverse yet also more suburban. Smaller towns will outpace big cities, thanks to widespread telecommuting and the desire for community...
Giving gifts on Facebook is nothing new: since 2007, analysts estimate that users have spent more than $50 million to send virtual presents that are basically online stickers to put on profile pages. Facebook has developed its own currency, worth 10¢ per unit, and plans to take a cut as people on the site start buying everything from online games to off-line gifts for every possible occasion. (See five Facebook no-nos for divorcing couples...
...Barrett ran the North American operations of Teva, one of the world's largest generic-drug manufacturers. Barrett immediately focused on luring back independent-pharmacy customers, which are more profitable and rely on wholesalers for generics. The first step was to reopen all supply channels by paying $34 million to settle the DEA's allegations surrounding the firm's role in filling fake prescriptions. Then Barrett narrowed Cardinal's sources for generics from 120 to a few dozen to ensure that it could consistently offer the lowest prices...
...damage done to Toyota by its recall of more than 5.3 million autos is accumulating: U.S. sales dropped 16% in January, and the company's stock surrendered $21 billion of value in a single week. The U.S. Department of Transportation (DOT) threatened the company with fines for being slow to react to the problems--a pair of faults that can cause sudden, dangerous acceleration--even though the DOT has been criticized for the same reason. Lawyers, who are never slow to react, are swarming. One class action alleges that jammed accelerators on Toyotas have caused 16 deaths and 243 injuries...