In March, Ralph Ronzio went to a warehouse in a seedy part of Orange County, California, and watched a man auction off his condo for half what he’d paid for it. Ronzio had bought the place for $329,000 in 2005, when he moved to Southern California from Rhode Island to take a job at a data-storage company. It was the first place he’d ever owned.
New York Times Co. has been working to fix about 200 glitches in the technology for charging online readers of its namesake newspaper, just weeks before the project is scheduled to debut, said a person familiar with the matter.
John Coates, a senior research fellow in neuroscience and finance at the University of Cambridge, has a theory. He says there would be fewer stock market bubbles and crashes if women and older men handled most of the trading. “There is less diversity in the financial world than in the military,” he quips. “On Wall Street, we have one slice of the population -- young men -- running our trading floors. That leads to extreme behavior: They go wilding.”
Retail investors turned the Dow Jones Industrial Average’s 348-point plunge yesterday into the biggest trading day of the year at Vanguard Group Inc., the largest U.S. provider of stock and bond mutual funds.
Nobel Prize-winning economist Joseph Stiglitz portrays the U.S. government as the billionaire’s best friend, while former banker Dambisa Moyo presents a dark look at China’s “commodity crusade” in two of the best business books so far this year.
What makes a person good at — and comfortable with — persuading others? Yesterday, I had lunch with a friend, a brilliant and hard-working VP. I had just finished Dan Pink's excellent new book, To Sell Is Human, and was eager for my friend's take on it. In a nutshell, Pink argues that moving people (i.e., selling, but also persuading or influencing) has become an essential component of...