David Carr's epic piece in the New York Times today on the reckless, misogynist culture that flourished at Tribune newspapers under Sam Zell and cohorts is a must-read. Carr documents arrogant frat-boy hijinks and wasteful, greedy actions of higher-ups, all of which led to deeper and deeper bankruptcy—cultural and financial. Reading this piece, I kept thinking: What bullshit, blaming the internet for the decline of traditional print media. Good old media baron fatcats do the job just fine. Hard-working news reporters deserve better. As do the people who read, and rely on, these great American institutions.
Dollar Tree should change its name to Dollars Tree. The company announced today that they're permanently raising the prices of most of their items from $1 to $1.25 and offering more $3 and $5 products. From CNN: Selling stuff strictly for $1 hampered Dollar Tree, the company said, and forced it stop selling some "customer… READ THE REST
Salesforce, the cloud software company based in California, has offered to pay its workers in Texas to leave the state following its 6-week abortion ban. "These are incredibly personal issues that directly impact many of us — especially women," Salesforce told employees in the message, which CNBC obtained. The company did not take a stance… READ THE REST
CVS upping its base pay to $15 an hour is a milestone because it employs 300,000 people and puts pressure on other small-store retailers (such as Walgreens-Boots) to follow suit. A scan of the top 10 retailers suggests that among big-box employers, only Home Depot and Lowes have failed to promise at least $15 an… READ THE REST
We thank our sponsor for making this content possible; it is not written by the editorial staff nor does it necessarily reflect its views. Collectively, we spend 6 billion hours per month watching Netflix. True, the streaming giant has some hits, but there's somewhere else to turn when you're in the mood for a stellar… READ THE REST
We thank our sponsor for making this content possible; it is not written by the editorial staff nor does it necessarily reflect its views. With people feeling stranded inside their own homes during much of last year, one of the easiest ways to take things off their minds was by picking up a new hobby.… READ THE REST
We thank our sponsor for making this content possible; it is not written by the editorial staff nor does it necessarily reflect its views. Anybody who's owned a phone charger, or any other charger with a small cord for headphones or a similar device, knows how quickly they can wear down. Not only that, but… READ THE REST