Sioux Falls, S.D., gains thousands of new residents each year. Leaders point to business opportunities, diversity and quality of life as reasons for its growth. This kind of boom comes with conflict, and Sioux Falls faces challenges to continuing development.
Originally published on Thu August 8, 2013 6:38 am
The cruise ship made famous by the TV show The Love Boat will end up in a scrap heap on the Turkish coast. A ship recycling company in Turkey bought the cruise liner for a little more than $3 million and will strip it for its parts and metal.
By now, you've probably heard of Internet-based ridesharing apps like Uber and Sidecar that let you hail a ride with the touch of a screen. They're often cheaper than taxis and because of that, they're in most major cities and their popularity is booming.
For years, cities and states â€” bodies that regulate transportation â€” have struggled to figure out what to do about them. Recently, California took the first steps towards legitimizing them.
In Los Angeles, Lyft is one of the biggest ride-sharing companies.
On a recent morning, Patty Stonesifer sat cross-legged on the floor of a day care classroom, laughing as pre-schoolers clambered into a fire truck made out of a cardboard carton.
This is a far cry from Stonesifer's old life. She made her fortune in the tech world, where she rose through the ranks at Microsoft to become its highest-ranking female executive.
Later, she became the founding CEO of the Bill and Melinda Gates Foundation â€” the largest philanthropic organization in the world, with huge, global goals and an endowment of $34 billion when she left in 2008.
Originally published on Fri August 9, 2013 12:44 pm
Why buy 1 pound of hamburger meat from a local farmer when you can buy 5 pounds â€” plus another 20 pounds of stew meat, steaks and roast â€” for as little as half the price of what it all goes for at the market?
The ongoing immigration debate in Congress often spotlights the job market for people living in the U.S. illegally. Not long ago, that market included one of the country's top organic herb farms â€” until an immigration bust forced the business, based in Washington state, to clean up its payroll.
Ted Andrews, owner of HerbCo International, says he's learned some tough lessons during the transition to a legal workforce. Lesson No. 1: "There are events that can destroy a business in the snap of a finger," he says. "This was one of them."
Freddie Mac racked up a $5 billion profit in the second quarter, the mortgage backer said in its quarterly report Wednesday. The earnings are the second-highest in the history of Freddie Mac, which has now extended its streak of profitable quarters to seven in a row.