What in the World Is Causing the Retail Meltdown of 2017?

From rural strip-malls to Manhattan’s avenues, it has been a disastrous two years for retail.

There have been nine retail bankruptcies in 2017—as many as all of 2016. J.C. Penney, RadioShack, Macy’s, and Sears have each announced more than 100 store closures. Sports Authority has liquidated, and Payless has filed for bankruptcy. Last week, several apparel companies’ stocks hit new multi-year lows, including Lululemon, Urban Outfitters, and American Eagle, and Ralph Lauren announced that it is closing its flagship Polo store on Fifth Avenue, one of several brands to abandon that iconic thoroughfare.

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More Americans Having Power Shut Off

power-meter

More Americans are having their power shut off as the weak economy makes it harder to pay bills.”We see record numbers of households becoming disconnected or in danger of disconnection,” says Mark Bixby, energy director of Rockford, Ill. Five years ago, his office distributed federal funds annually to about 300 households that had their power cut off. Last year, it was 1,834 households, and the number is likely to go up this year, he says: “It’s families that can’t find work.”

 

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The Coming Wave of Entrepreneurship

The coming wave of entrepreneurship

Businesses will be launched by former auto workers, mortgage processors and others 

Traditionally it could be predicted that for every 100 people who join the ranks of the jobless, seven will attempt to start a business. Some find business niches, others invent and still others find a better way to do something markets are craving. Ingenuity and daring often are the catalyst for setting business and commerce in motion – though nothing overcomes inertia like the lure of cash.

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$10M Healthcare X Prize Seeks To Reinvent U.S. Healthcare System

$10 Million Healthcare X Prize Seeks To Reinvent U.S. Healthcare System

Healthcare X Prize

Organizers of the X Prize, who have set up contests for space travel, DNA research and super-efficient cars, said on Tuesday they are offering $10 million to the winner of a contest to transform the health of people in a small U.S. community.

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