Where People Leaving New York, California and Illinois Are Going – Bloomberg:
“New York, California and Illinois have been hemorrhaging residents. Almost 3.2 million more people left those states for elsewhere in the U.S. than arrived from other states, from 2010 through 2019, according to population estimates released last week by the Census Bureau. Nine other states saw net out-migration of more than 100,000 people over that period, but none really came close to the big three.”
Ben Franklin’s Guide to Spotting Pseudoscience
“In the 20th century, something like mesmerism returned in the form of “therapeutic touch” — a practice that involves no actual touching. Practitioners run their hands through the air, allegedly realigning patients’ energy fields.”
“He discovered something new — what would come to be called the placebo effect. He also discovered the “nocebo” effect — the experience of side effects when people wrongly think they are getting a treatment.”
“The power of suggestion also explains why so many people felt better after bloodletting and other now-discredited mainstream practices of Franklin’s time.”
Got a Hot Seller on Amazon? Prepare for E-Tailer to Make One Too – Bloomberg: “Rain Design’s experience shows how Amazon is using insights gleaned from its vast Web store to build a private-label juggernaut that now includes more than 3,000 products”
*Competition sometimes comes from unexpected places. The retailer is closer to the customer and owns a direct relationship that is hard for a manufacturer to compete with. Think of it as the middleman cutting out the supplier.
Wal-Mart Cutting Orders as Unsold Merchandise Piles Up – Bloomberg:
“The pullbacks for this quarter and next imply Wal-Mart is expecting softer demand, Robin Sherk, a New York-based analyst at consulting and research firm Kantar Retail, said in an interview. “
*Why is Walmart expecting soft demand? What data are they looking at that indicates weaker sales in the near term?