September 2010
4 posts
how cheap mexican and chinese labor is relative to...
The Southeast Asian nations had, in 1990, paid workers about 25 percent of what U.S. workers received. By 1995 they paid 39 percent—demonstrating, reassuringly, that low-wage developing countries that undergo rapid economic growth don’t stay low-wage for long. But as of 2005, Mexico and China paid 11 percent and 3 percent, respectively.
http://www.slate.com/id/2266025/entry/2266512/
atl is the nation's largest airport
Southwest Airlines, the nation’s largest low-fare carrier, said on Monday that it had agreed to buy its smaller rival AirTran Airways in a transaction valued at $1.4 billion, expanding its foothold in New York and Boston and allowing it to move into the nation’s largest airport, Atlanta’s Hartsfield-Jackson.
http://www.nytimes.com/2010/09/28/business/28air.html?_r=1&ref=global-home
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how URL shorteners make money
Bit.ly soon succeeded in replacing TinyURL as the default URL shortener for Twitter. As a result of that, Bit.ly got its hands on a wealth of data: a big share of all outgoing links on Twitter and how popular those links were, since they could track every single click.
http://royal.pingdom.com/2010/09/22/is-the-web-heading-toward-redirect-hell/
why mortgages in default aren't being renegotiated
In a housing market that is now depressed throughout the economy, mortgage holders and troubled borrowers would both be better off if they were able to renegotiate their loans and avoid foreclosure. But when mortgages have been sliced and diced into pools and then sold off internationally so that no investor holds more than a fraction of any one mortgage, such negotiations are impossible.
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