Most borrowers pay more in fees than they originally received in credit
Twelve million Americans take out payday loans each year, spending more than $7 billion on loan fees
This year, more money will be spent on political ads – $11.4 billion – than ever before. According to Borrell Associates around $1 billion of that will be spent on digital media, and half of that on social media. Compare that digital media spend to the $22.25 million spent in 2008, and you’ll see a 5,000 percent increase.
But forget ad spend for a second. Think about where voters now get their news – or the food of their outrage.
Today, robots are increasingly handling many jobs in manufacturing that were done by human hands not more than 20 years ago. This sea change has affected a variety of industries, and it’s one reason why the jobs recovery of the past few years hasn’t included as many manufacturing jobs. Those jobs weren’t just destroyed — they were lost to smart machines.
American Media Institute staffs up
After more than two decades at The New York Times, editor Tom Kuntz left the paper of record earlier this year to head up American Media Institute (AMI), a donor-supported nonprofit news organization dedicated to “in-depth investigations, city news and regional spot stories.”
There is a multi-trillion dollar economy opening up to technology faster than ever. It has been driven by trends that have changed the nature of how entrepreneurs will be characterized going forward; specifically, industry executives will be the next wave of in-demand startup CEOs.