Protectionism and other efforts to restrict trade threaten to prolong slow global growth and inequality, International Monetary Fund Managing Director Christine Lagarde said. "If we turn our backs on trade now, we would be choking off a key driver of growth at a point when the global economy is still in need of every good piece of news it can get," she said.
The Honolulu Civil Beat has hired Ron Hochuli, 72, as an unpaid intern, saying the longtime Hawaii resident brings valuable community experience and fresh insight. If the experiment succeeds, the publication will create a fellowship based on newsroom-retiree collaboration.
Some student-loan borrowers have complained to the Consumer Financial Protection Bureau about private lenders extending repayment terms and lowering monthly payments when borrowers try to prepay their principal. CFPB officials say the practice results in borrowers paying more interest and warn borrowers to watch monthly statements for any irregularities.
9/29/2016 ⋅ Bloomberg⋅The Wall Street Journal (tiered subscription model)⋅Reuters⋅The Irish Times (Dublin)
German banks are suffering from overcapacity in the market and inadequate business models and management, not low interest rates, European Central Bank President Mario Draghi said after a meeting with German lawmakers. The ECB's easy-money policies have helped avert a depression in Europe, decreasing unemployment and increasing German exports as the eurozone economy recovers, Draghi said.
Asheville, N.C.-based organic grocer Earth Fare has opened its fourth Florida store and first in the Tampa Bay area. The 24,000-square-foot store sells only "free-from" products but customers will find all of the groceries on their shopping lists, said CEO Frank Scorpiniti.
A Medical Group Management Association survey showed that medical groups must spend more than $32,500 annually per full-time physician in the practice to install, manage and maintain health IT tools, including EHR systems. Practices can minimize reductions in productivity caused by EHR adoption by investing the money and time necessary to maximize the technology's benefits, says MGMA's Rob Tennant.
Live Nation is selling Ariana Grande concert tickets on Snapchat, using an ad campaign that lets users swipe up to visit a Ticketmaster sales page.
Sears Shop Your Way loyalty members will earn up to $2 in points each time they take an Uber car under the retailer's new Rider Rewards program. The program, launched first in Chicago and New York City, is slated to expand nationally and will also allow participating Uber drivers to earn points.
The Consumer Technology Association called out the "Top 5 Technology Trends to Watch for 2017" at its annual Innovate and Celebrate event in San Jose, Calif. CTA says the trends to keep an eye on next year include the advancement of digital assistants, augmented reality, driverless vehicles, and medical and sports technology.
Bristol-Myers Squibb will evaluate Opdivo, or nivolumab, in combination with Nektar Therapeutics' experimental NKTR-214 in Phase I/II trials as a treatment for five types of tumors and several indications, including bladder, kidney and non-small cell lung cancer. The studies will be funded equally by the firms.
Netflix has approximately 20 new original unscripted reality series in the pipeline, Chief Content Officer Ted Sarandos says. The new series are part of the company's plan to double its original programming, which currently includes 30 scripted series, 60 documentaries and 35 children's programs.
Video games can be credited for advances in 3D technology and sensors that are bringing robotics to the construction industry. Among other things, robotics has advanced from a focus on automating heavy equipment to the broader application of making job sites more intelligent, with more customizable options on the horizon, explain an engineering professor and an interior-solutions consultant.
Most consumers make their decisions based on largely automated brain activity. "Changing human behavior is a matter of making the right decision the easy one," says behavioral consultant Sille Krukow.
Corporate travelers are now able to access Preferred Seats aboard American Airlines flights at no additional cost, regardless of their loyalty rewards status. These seats offer standard economy legroom.
Europe's biggest hotel chain is courting millennials and responding to the increasing Airbnb presence by inaugurating a youth hostel brand called Joe&Joe. AccorHotels hopes to list 50 hostels by 2020, beginning with Paris and Bordeaux, France, sites in 2018.