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Zohran Mamdani’s signature housing policy is widely loathed by economists. Here’s why | Fortune
New York City Mayor-elect Zohran Mamdani swept to victory Tuesday evening on a platform of affordability, anchored by a plan to freeze rents across nearly 2 million rent-stabilized apartments. But economists, universally, hate rent control. In a 2012 poll of...
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First Brands founder accused of looting company | Fortune
At first, the sales invoice said $179.84. Later, the bill said $9,271.25 – 50 times more.It was one more trick in a series of alleged ruses – from fudged numbers and questionable collateral, to off-balance-sheet financing and a company...
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Customers can become more loyal if their banks solve fraud cases, researchers find
When banks issue their defrauded customers refunds and successfully identify the perpetrators, fraud victims are 60% more likely to stick with their bank than customers that didn’t experience any fraud.But if customers get their stolen...
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The beauty backfire effect: Being too attractive can hurt fitness influencers, new research shows
“Sex sells” has been a mantra in marketing for decades. As researchers who study consumer behavior, we’ve seen plenty of evidence to support it: Attractive models and spokespeople have been shown to reliably grab attention,...
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China’s new 5-year plan: A high-stakes bet on self-reliance that won’t fix an unbalanced economy
Every few years since 1953, the Chinese government has unveiled a new master strategy for its economy: the all-important five-year plan.For the most part, these blueprints have been geared at spurring growth and unity as...
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Gen Z actor Maya Hawke says ‘anxiety might be the defining emotion of our time’ | Fortune
It’s no secret that as a result of constant economic and societal upheaval over the past two decades, many young people today are feeling lost, scared, anxious, and most of all, lacking hope for the future. In a wide-ranging...
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Grab CEO Anthony Tan suggests drivers could upscale to ‘new kinds of jobs’ as the firm prepares to launch robotaxis next year | Fortune
Ride-hailing firm Grab will roll-out robobuses in its home city of Singapore in early 2026, building on its large investment in autonomous vehicle technologies.Grab co-founder and CEO Anthony Tan made the announcement Tuesday during the company’s quarterly earnings, covering...
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Palantir’s ‘anti-woke’ playbook and ‘cultus’ winning strategy, after yet another earnings beat | Fortune
Palantir reported a third-quarter earnings beat this week, and during his victory lap, CEO Alex Karp provided a window into the values that drive him and his company despite what he frames as outside noise.The software platform reported $1.18...
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Gen Z dreams of a ‘Ralph Lauren Christmas’ in a dollar store American economy | Fortune
This holiday season, a new obsession is sweeping through American homes: the “Ralph Lauren Christmas.” But it’s not just luxury shoppers and Manhattan brownstones getting swept up in visions of tartan, velvet, and brass candlesticks. Instead, millions of budget-minded...
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Inside the new open-source AI that helps anyone track a changing planet | Fortune
Welcome to Eye on AI, with AI reporter Sharon Goldman in for Jeremy Kahn, who is traveling. In this edition…a new open-source AI platform helps nonprofits and public agencies track a changing planet…Getty Images narrowly wins, but mostly loses...