Coke and Pepsi are reporting 2014 earnings this week. In both cases, we are likely to see two versions of the same basic story—changing tastes at home, coupled with a strong dollar and weak economy abroad, are taking some of the pop out of profits.
But luring back calorie-conscious customers is not as simple are taking out the sugar. Shareholders and investors don’t like to see companies stray too far from their core product, which in the case of Coke and Pepsi, remains regular old sugar soda.
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Vermont is the happiest state in the country, according to a data-based meter that measures people’s happiness in real time.
Hedonometer, as it’s called, sources words from tweets, movie subtitles, e-books, and just about any sort of publicly accessible electronic text available online. Each word is scored on a nine point scale of happiness. The meter then parses around 50 million tweets each day to find out if people are using happy or sad words.
And people in Vermont were using happy words the most in the last 30 days, says Chris Danforth, who is part of the team that developed Hedonometer: “People are talking about the amazing snow and being out with their family.”
Danforth, a professor of Mathematical, Natural and Technical sciences at the University of Vermont, says this can be a useful tool for public policy.
If there was a decision to be made, he says, about funding or changes in policy, the hedonometer could track people’s reactions to it in real-time. “Rather than using some anecdotal tweet you can look at the big data perspective on how people are feeling,” he adds.
The Labor Department today releases its monthly Job Openings and Labor Turnover Survey, known in economic circles as JOLTS.
The monthly JOLTS report gives economists a pulse check of the job market. It tells them who’s hiring, and how many people were laid off, or are quitting their jobs.
“It kind of gives you a sense of the underlying movements in the labor market to give you a better sense of what’s going on in the job market,” says Mark Zandi, chief economist at Moody’s Analytics.
Zandi says in the first part of the economic recovery, employers mainly created low and high-wage jobs. But over the past 12 to 18 months, we’ve seen more jobs in the middle of the pay scale. So now, about a third of new jobs are low-wage, a third are high-wage, and a third are right in the middle.
“A lot of government jobs are middle-paying, and of course there were a lot of layoffs there until recently," Zandi says. "Construction jobs are generally middle-paying. A lot of manufacturing jobs – not all of them, some are high-paying – but some are middle-paying.”
There are winners and losers in the JOLTS report. There have been layoffs lately in the energy sector, because of falling oil prices. But Zandi says the healthcare, retail and construction sectors are all hiring.
Miami’s building boom has featured prominently in many stories about the threat the city faces from rising seas and a changing climate. Scientists warn that parts of greater Miami— including some of its crucial water infrastructure—will be below sea level within a few decades. Meanwhile, developers are pouring many billions of dollars into many thousands of new condominiums and offices.
However, downtown Miami's condo explosion turns out to run on its own financial logic—far removed from rising seas.
Peter Zalewski runs Crane Spotters, an information service on the building boom, explains that the bulk of these condos are not residences. They are apartment-shaped financial instruments.
"In New York, you trade stocks. In Chicago we trade commodities. Miami, we trade condos," he says.
"This is what we do," he continues. "We trade down here. These are traders who are not looking to live the American dream with a family of four and a dog. They’re looking to make a hundred-grand a unit … with virtually nothing being done but making a phone call to your broker in Miami and having him unload it to somebody else’s broker, who’s representing somebody in Russia."
The basic idea is: Investors buy in before construction begins, betting that by the time the building is finished, prices will have gone up.
Many of the buyers are from outside the United States—often from Latin American countries where other available investments and home currencies make Miami real estate look like a stable place to park some cash.
Bill Hardin, a real estate professor at Florida International University, likes to tell people that real estate is Miami’s number-one export.
He anticipates the obvious question—How do you export real estate? — and he has a ready explanation.
"In an economic sense, it’s not moving the product," he says. "It’s: where does the money come from that pays for those products?"
He sees the market at work every day from his office window. At the moment, his 11th-floor office overlooks the ocean. However, it also overlooks a construction site just below his window—soon to grow into an 87-story building.
"So somebody is going to have a great view in the future," he says. "But it won’t be me."
The Labor Department releases its monthly Job Openings and Labor Turnover Survey on Tuesday, otherwise known as JOLTS. The report provides economists a look into the current state of the job market. After the recession, job creation was mostly focused on high-paying and low-paying employment. But now some economists are saying that middle-paying jobs are having a moment, with about 1/3 of new jobs in that sector.$7.99 a month
That's how much Netflix will charge for its services in Cuba (the same as its price in the U.S.). As reported by Tech Crunch, the streaming video company announced it will offer service to Cuban customers starting Tuesday. But as Quartz points out, the move is largely symbolic, as less than 5 percent of the population has internet access, and the monthly subscription fee is nearly half the average salary in Cuba.40%
That's the percentage increase Twitter has seen in government requests for information since its last report in July. As reported by the BBC, Twitter reports receiving 2,871 requests from around the world, and has fulfilled a little over half of them. The U.S. government was the most frequent requester; hundreds came in from Turkey as well.$975 million
That's how much China has fined chip maker Qualcomm for violating its laws to curb monopolization, as announced Monday. As reported by the New York Times, regulators in China defended the fine on Tuesday, saying that the large amount is meant to "restore market competitiveness."$2.69
Heinz is catching up to popular taste with the newly-released Sriracha-flavored Ketchup. The suggested retail price for the standard 14-ounce bottle is $2.69.
Even though a disease like measles can spread easily through a workplace, employers often are reluctant to require employee vaccinations. Hospitals are one big exception.
Pretty much everyone expects Hillary Clinton to run for president in 2016. But will she have any competition? A look at the Democratic bench and finds a rather short, short list.
More homeowners are cutting energy costs by installing solar panels, due in part to leasing programs that require no up-front investment. Leasing means less hassle, but may also save you less money.
It's no secret that most state and federal legislators in Texas aren't fans of Obamacare. But insurers and Texan cities are successfully marketing plans on HealthCare.gov without the state's help.
Since the attack on a French satirical magazine, dozens have been arrested for condoning terrorism and inciting hatred. Many are wondering if the crackdown on hate speech is compromising free speech.
Most union members won't benefit from a higher minimum wage because they already earn far more than that. With membership declining, some union leaders fear collective bargaining is dead.
After being diagnosed with cancer, the first question people have is, "How long do I have?" Doctors usually overestimate the time, and patients often don't understand it's a range, not one number.
China fined chipmaker Qualcomm $975 million in the biggest of a wave of anti-monopoly penalties that have rattled foreign companies. The San Diego-based company said it will not contest the matter.
Ed Sabol was inducted into the Pro Football Hall of Fame in 2011. During his tenure at NFL Films, from 1964-1995, the organization won 52 Emmy Awards.
Boston Dynamics is known for making some scary looking robots. But its new creation, Spot, a four-legged creature that can take a kick, might be the scariest of all.
A designer has reimagined a host of everyday edibles as high-end grocery items. It's a project that explores how branding influences our purchases — and where the ethical boundaries lie for designers.
Lawsuits filed in Ferguson and Jennings, Mo., seek justice for impoverished people who are jailed, sometimes for weeks, for not being able to pay what they owe the cities.
Babies need a lot of help. And they don't always get it in low- and middle-income countries, where child mortality rates are high. A Bangladeshi doctor tells how his country is making strides.
In celebration of its 100th anniversary, the bells of UC Berkeley's Sather Tower were programmed to play a score composed in real time by the data from seismic shifts happening under the campus.
Samsung warned its customers that their TVs are sending reports to third parties and that could include sensitive information spoken by the owners. The policy has drawn comparisons to Orwell's 1984.