Originally published on Fri September 20, 2013 5:47 am
Wells Fargo has told 1,800 employees their services will no longer be needed in the bank's mortgage unit. The bank already cut more than 2,000 jobs in that unit last month. Wells Fargo cites lower demand for refinancing because of higher mortgage rates.
Grand Theft Auto made video game history this week: The latest version of the game had a record $800 million in sales on its first day. As with past versions, the game is generating controversy over its glorification of violence and drugs and its demeaning portrayal of women.
But around 15 percent of its fans are women, who find much to like about the game, even if they do have some ambivalence about it.
Want to visit Paris and Venice in the same afternoon?
You can, if you're in China.
Chinese developers have for years built residential communities that mimic famous European cities and towns. They are the subject of a new book, Original Copies: Architectural Mimicry in Contemporary China.
There's big money in fantasy sports. Last year, alone, people paid $1.7 billion to play in fantasy leagues. With all that money sloshing around, a fantasy economy has sprung up, giving rise to real businesses. Here are four of them.
The Insurance Company
Henry Olszewski founded Fantasy Sports Insurance in 2008 — the year the financial system nearly collapsed. And, more importantly, the year New England Patriots quarterback Tom Brady suffered a serious hit to the knee.
The Republican-controlled House is set to vote Friday on a stopgap spending bill to keep the government open for business through the middle of December. And the White House has already said if it makes it to the president's desk, he'll veto it. That's because the bill also would defund the Affordable Care Act.
When Dan Miller was growing up, his family lived about a mile away from Wisconsin Rapids, Wisc. He had eight siblings and the family was poor. His father, Robert, supported them by working at Consolidated Papers Inc.
Sitting in her San Francisco living room, Kimberly Jeffrey is combing her son Noel's hair. He groans, but she meets his energy with calm — and adoration.
Noel's birth was not an easy time. While Jeffrey was pregnant, she served a six-month sentence for petty theft at a state prison. When it came time to deliver Noel through a caesarean-section, Jeffrey was also confronted with the prospect of sterilization.
Backing a losing NFL team isn't just bad for your pride.
It's bad for your waistline.
A study that links sports outcomes with the eating behavior of fans finds that backers of NFL teams eat more food and fattier food the day after a loss. Backers of winning teams, by contrast, eat lighter food, and in moderation.