The Cato institute's dug deep into the MPAA's funny piracy accounting: "In IPI-land, when a movie studio makes $10 selling a DVD to a Canadian, and then gives $7 to the company that manufactured the DVD and $2 to the guy who shipped it to Canada, society has benefitted by $10+$7+$2=$19. Yet some simple math shows that this is nonsense: the studio is $1 richer, the trucker is $2, and the manufacturer is $7. Shockingly enough, that adds up to $10. What each participant cares about is his profits, not his revenues."
Target, Gap, American Eagle Outfitters, and other large retailers are reporting that they have a glut of inventory and it's costing them too much to store the stuff. Then there's the pile of inflowing returns. According to retail consultancy Strategic Resource Group, many big name stores—which the firm doesn't name—are considering whether to tell customers… READ THE REST
E-sports stars have short careers—shorter than sports stars. The general assumption is that the coordination and focus required selects for youth even more than athletic performance does, but medical experts say that's not at all true. Instead, the Washington Post's Jonathan Lee traces more complex causes: success leads to an entrepreneurial track promoting gamer bric-a-brac;… READ THE REST
Amazon is to close all its "physical" bookstores among dozens of others, reports Publishers Weekly, ending a six-year experiment even as other brick-and-mortar efforts thrive. Many industry observers believed Amazon's goal in opening the stores was to experiment with new shopping technologies, showroom its book and book-related offerings, and examine consumer behavior. Indeed, after the… 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. The day-to-day life of the American office worker features a lot of the same themes: getting up early, sitting in traffic, scrolling through emails, scrolling through social media, killing time on… 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 living spaces getting smaller, rent getting higher, and the cost of living generally increasing across the board, during this year's Deal Days sale, we're offering the ideal accessory to light up your… 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. There is no worse feeling than realizing the endless creativity you can achieve on your phone or laptop actually does have an end. That horrible moment you realize your storage drive… READ THE REST