Category Archives: Business & Economy

“Try Before You Buy”: Amazon Launches Assault On Clothing Retailers With Prime Wardrobe [VIDEO]

On Tuesday, in its attempt to corner the last elusive space of the retail market – clothing –  Amazon announced the launch of Prime Wardrobe, “A New Fashion Platform” which will be included in current and future Prime memberships, Amazon said on its website. Essentially Prime Wardrobe will allow users to try clothes on before they buy and receive discounts.

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Remember When Ford ‘Cancelled’ That Plant In Mexico? Well, They’ve Just Moved It To China

Trump’s victory lap back in January after Ford cancelled plans for a brand new $1.6 billion production facility in Mexico may have been premature. As it turns out, per a press release from earlier this morning, one of the first strategic actions taken by Ford’s new CEO, Jim Hackett, will be to relocate the company’s ‘Focus’ production to China rather than Mexico.

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After Legalizing Weed, Unemployment In Colorado Has Collapsed To Record Lows

Three years after legalizing cannabis, Colorado has the lowest unemployment rate in the country. According to Governor John Hickenlooper, multiple factors have contributed to Colorado’s job growth, including the state’s business-friendly policies and the state’s very low business tax rate. One of the main factors in Colorado’s successful economy, however, is undeniably the cannabis industry.

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“The Crisis Has Become Pandemic” – System To Collect Defaulted Student Loans Is No Longer Functioning

The system used by the Dept. of Education to collect on defaulted student loans came to a standstill in the last month, leaving an estimated 91,000 accounts in limbo, when the agency ordered debt collectors under contract to stop making collections on accounts. Consumers who expected their student loan payments to be deducted from their bank accounts this month have reportedly found the funds untouched, and their calls to the companies unanswered thanks to a Department of Education’s order prohibiting the debt collection companies from working on default accounts in response to two lawsuits against the agency.

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