Friday 07.28.17
"If civilization is to survive, we must cultivate the science of human relationships – the ability of all peoples, of all kinds, to live together, in the same world at peace." — Franklin D. Roosevelt


Bud Light Turnaround Falling Flat; U.S. Market Is Tough for AB InBev  Anheuser-Busch, the world’s largest brewer by sales, said its best-selling brand Bud Light in the U.S. lost almost a full percentage point of market share in the three months to June 30—a steeper-than-expected retreat in a long-running, beer guerrilla war usually fought in tenths of a percent. - Wall Street Journal

U.S. to be forced to cut 'hundreds' of diplomatic staff in Russia  The United States will be forced to cut hundreds of its embassy staff in Russia, the Interfax news agency quoted a source as saying, after Moscow retaliated on Friday for what it said were proposed illegal U.S. sanctions against it. - Reuters

SpaceX Is Now One of the World’s Most Valuable Privately Held Companies  SpaceX, the rocket maker founded by billionaire Elon Musk, has raised up to $350 million in new financing and is now valued at around $21 billion, making it one of the most valuable privately held companies in the world. - New York Times

Bad News If You Make $150,000 to $300,000: Higher Taxes for Many  Study from the Tax Policy Center finds nearly a third of those households could see tax increases averaging from $3,000 to $4,000 a year. Over all, the study found that about 20% of taxpayers would owe more after tax reform than before it. - Wall Street Journal

Rio’s Olympics 1 year later: The good, the bad and the ugly  One year after the Rio Olympics, Brazil’s most famous city remains wracked by violence amid the country’s deepest economic downturn in 100 years. - Associated Press

GE’s Jeffrey Immelt Is on Uber's CEO Shortlist  Jeffrey Immelt, the outgoing chief executive officer at General Electric Co., is on a narrowing list of candidates to take over as head of Uber Technologies Inc., two people familiar with the matter said. - Bloomberg

Jeff Bezos, briefly became the world’s wealthiest person on Thursday.  A 1% jump in the shares of Amazon.com, which accounts for the vast majority of Jeff Bezos' wealth, was enough to bump him over the wealth of Bill Gates. - New York Times

  How the IKEA catalogue cracked what “domestic bliss” means in different cultures

"While the text remain basically the same worldwide, IKEA’s team does go the extra mile to swap out subtle, tell-tale details in 72 different region-specific editions."
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