The U.S. should immediately begin a push to exploit its enormous trove of oil in the Arctic waters off of Alaska, or risk a renewed reliance on imported oil in the future, an Energy Department advisory council says in a study to be released Friday.

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In her press conference remarks earlier in March, Janet Yellen admitted that the economy may not be performing as previously thought. She dryly noted that, “participants are now seeing more slack in the economy than they previously did.” It was only a few months ago when third quarter GDP purportedly “confirmed” that 5% growth was now the rule rather than the exception, and that the Federal Reserve would have no choice but to move quickly to undercut any “inflationary” pressures about it. That is the entire point of “slack” in orthodox economic treatment and the reason it is so emphasized…

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Since replacing the legendary Steve Jobs, Cook has led the iBehemoth to even greater financial success. Along the way he’s changed the culture of the company—and found his public voice as a leader.

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Betting on a new generation of big ships to transform world trade, China, which has courted Latin America with $100bn of trade credits and investments, is eyeing new and faster routes to Asia via rival canal projects in the region.

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In another sign of the strength of the economic rebound that’s pushing the Federal Reserve to move toward raising interest rates later this year, U.S. auto sales are expected to increase for the sixth straight year in 2015 — the first…

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<p>The Consumer Financial Protection Bureau proposed rules Thursday to protect Americans from stumbling into what it calls a "debt trap." At the heart of the plan is a requirement that payday lenders verify borrowers' incomes before approving a loan.</p>

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Fanuc, which helps make iPhones and Teslas, is opening its doors after long eschewing investor contacts.

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They're seeing increased competition, but that's not the only reason.

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Six years into a post-crisis bull market, top investors of different breeds are building publicly traded entities to buy up corporate assets, consolidating entire industries, with no intention of selling.

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<p>For most people, buying a home is no cheap venture. That's especially the case when the growth in U.S. home prices is beating wage increases 13 to 1.</p>

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Nir Eyal’s book Hooked has become the go-to manual for anyone wanting to build a habit forming business, and who wouldn’t want to build one of those? Businesses that are part of our regular routines profit hugely from regular custom without marketing spend, and many of today’s biggest businesses have habits at their core. Want to know something? You probably reach for Google. Have some time to kill? There’s a good chance you go to Facebook (unless you’re a millennial…).
But not all businesses can be based on habits.
Habits are, by definition, part of our routines, and most of our routines are daily. When you think about it, it is only a small fraction of businesses that we use daily. The others we find each time afresh each time we need them, or maybe remember them if they have a powerful brand. On the desktop we find things via Google and we also use Google to help us remember the brands we only half recall, and that has worked fine. Booking holidays, buying clothes, fixing up our houses – these are all examples of things we spend big money on but don’t interact with regularly enough to build a habit.
Apps are changing the game for these non-habit forming businesses on mobile.
Habit forming businesses are able to get an icon on our home screens and maybe lure us back via notifications. Non-habit forming businesses, which you could define as those which we don’t want to download an app for, are challenged by the fact that traffic is now predominantly on mobile and skews more that way each month (Baby2body, one of our partner companies, gets 91% of it’s traffic from mobile), and that within mobile an increasing share of time is spent in apps.
The solution to this problem is not yet clear, although there are some hints. What we need is a mobile equivalent to Google search, including paid marketing (these things exist on mobile, but the user experience isn’t equivalent). I suspect the answer will lie in a combination of services being surfaced through contextual app platforms, of which maps, messaging and maybe calendars are the most obvious, and a much smarter notification stream.
Facebook’s new Messenger Platform is a sign they are thinking this way about the future and in China Baidu maps already acts as such an app platform for millions of users.
How this plays out, and how quickly, is critical for the mobile strategies of most ecommerce companies, including many of our partner companies.



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There’s nothing like a scare about the safety of middle-eastern sea-lanes to send oil prices higher, particularly when the scare involves fears of a conflict between the region’s two biggest powers. Crude oil prices were back at their highest in two weeks at $51.32 a barrel by mid-morning in Europe, after Saudi Arabia and its […]

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(Adds shipping-link details in eighth paragraph.) (Bloomberg) — While Yemen contributes less than 0.2 percent of global oil output,…

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For years the federal government has experimented with corporatizing or privatizing vital services – everything from providing mortgages to running a railroad system. But what about doing the same with federal air-traffic controllers?…

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Sweet Briar College will close in 2015, and about one-third of schools are on an unsustainable financial path.

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