Things Americans Get Wrong about Russia

Conflict between the United States and Russia is inevitable. Not true. It would be fairly easy to work out compromises and devise a peaceful coexistance. The problem is that unlike the Cold War, there is no fear of nuclear war which inspired compromise in the 1970s and 1980s. Instead there is little incentive in either Russia or the United States for leaders to develop the kind of effective working relationship that Ronald Reagan and Mikhail Gorbachev had.

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1,443 Financial Institutions Accept Apple Pay, Chase Pay at Phillips 66

There is an interesting reason for the widespread acceptance of Apple Pay among U.S. banks and credit unions that many Americans do not realize. Your Uncle Sam is partially subsidizing Apple Pay; by underwriting its insurance costs, through the Federal Deposit Insurance Corporation or FDIC.

The FDIC provides $250,000 in deposit insurance for every depositor at most banks and credit unions. That means it; and not Apple or the bank, might be responsible for the losses that might be incurred if Apple Pay failed or got hacked.

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Big News, Snapchat & Hulu change Digital Entertainment while Unions Back Republican

In a related move Hulu is planning to pull the plug on its free streaming service, Variety reported. Instead the service owned by a consortium of Time Warner (NYSE: TWX), The Walt Disney Company (NYSE: DIS), Comcast and 21st Century Fox will only offer $7.99 and $11.99 monthly subscriptions.

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Is the Walgreens’ Rite-Aid Deal Dead?

Another possibility is that Walgreen will dismember Rite Aid in order to comply with the FTC’s wishes. The larger drug store operator might sell off a large percentage of Rite Aid’s stores, and keep just the ones it wants.

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Is UPS in Trouble?

At this rate it looks as if FedEx will soon catch up with UPS in revenue. It also looks like FedEx still has momentum while UPS does not. It also looks as if FedEx will top the $50 billion revenue mark sometime this year.

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Crisis on Campus: College Enrollment is Falling

It looks as if a major crisis is about to affect American colleges and few people are noticing. Not only could the enrollment drop and devastate campuses, the effects could be felt far beyond campus, for example, on all the businesses that depend on college students’ business, which range from used bookstores to pizzerias.

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