After years of sticking close to home, more Americans are eager to shake off the recession's remnants and have a final summer adventure, according to experts who track travel.
"We've noticed that vacation plans increased quite a bit in August," compared with June, said Chris Christopher, an economist who focuses on consumer markets for IHS Global Insight, a forecasting firm.
If you want to know what prompted Seth Goldman and Barry Nalebuff to cofound Honest Tea, here's the simple answer they give on their website: They were thirsty. Goldman had taken Nalebuff's class at the Yale School of Management, and they were both tired of the super sweet iced teas available in stores. So in the late 1990s, they started their own company based on the hunch that other people out there felt the same way.
Obstetricians perform more cesarean sections when there are financial incentives to do so, according to a new study that explores links between economic incentives and medical decision-making during childbirth.
Don Byles, 65, is a funeral director in New London, Conn. His grandfather started the family's business, Byles-MacDougall Funeral Service, in 1904. Now, Byles is getting ready to hand it over to his 25-year-old daughter Mackenzie.
"You have to teach me a lot of stuff before you can retire," Mackenzie tells her dad during a recent visit to StoryCorps. "I'm a little nervous about being on my own here. I've got big shoes to fill with you."
Click on the audio link above to hear their StoryCorps conversation.
Every time you turn around it seems like there's a new streaming music service. Pandora was among the first a decade ago. Rdio launched in 2010. Spotify came to the U.S. in the summer of 2011. Apple and Google plan to join the fray this year. Music producer Jimmy Iovine is launching a service tied to his headphone brand Beats by Dr. Dre.
What's odd is they are all jumping into a business that, so far, doesn't seem to be turning a profit.
Crude oil prices are up about 20 percent over the past two months. On Tuesday, the price of the U.S. benchmark, West Texas Intermediate, hit $109. Events in Syria are driving the price spike. Syria doesn't produce much oil, but there is great concern that the conflict there might spill over and involve other Persian Gulf nations such as Iran and Saudi Arabia.
Originally published on Fri August 30, 2013 3:29 pm
There's no question that dealing with mortgages, car payments and other bills takes up time and energy. But having a tight budget may also zap our ability to think clearly, scientists report Thursday in the journal Science.
In a series of clever experiments involving farmers in India and shoppers in New Jersey, scientists found that people are worse at solving puzzles — similar to those on the IQ test — when they're first reminded of money problems.