How does one construct a monopoly? A good place to begin searching would be to consider past examples. Carnegie or Rockefeller would be a start; both managed costs closely and used a variety of unscrupulous means to destroy competition. Was there any other another potential path to building large companies in the Gilded Age of …
The movie industry may be nearing an unprecedented change in the way it releases new films to the public. Streaming services like Nettflix, Hulu, and Amazon Prime Video have enjoyed a large growth in subscribers in the past few years; Netflix alone has gained over 71 million subscribers since 2011. Netflix has recently been making …
Since its inception in 1992, the North American Free-Trade Act (NAFTA) has increased continental trade from $290 million to over $1 trillion in 2011. By eliminating trade barriers between the U.S., Canada, and Mexico, NAFTA created a single market in North America and allowed businesses to operate in Toronto as they would in California. It …
Nearly everyone knows that Pittsburgh has been undergoing a transformation for some time. From the last steel mill closing in Southside in 1997 to companies like Uber, Apple, Disney and now Ford moving into the city (the latter making a $1 billion investment in Pittsburgh-based autonomous-vehicle research firm Argo AI[1]), Pittsburgh has certainly been reinventing …
On March 21, a small Pittsburgh startup made headlines when Google corporate made a surprising investment in it. The storage company, called Avere Systems, announced $14 million funding from both Silicon Valley venture investors and Google. Avere Systems, a Google Cloud partner since 2015, provides storage products to help large businesses utilize the cloud … Continue reading
The internet has continuously introduced new forms of advertising for marketers to familiarize themselves with. Well, the attention of marketers everywhere is now being captured by yet another digital form: the podcast. It’s not exactly a new form; podcasts have been around since the the internet began, and the popularity of the form began rising … Continue reading
Sailing brings with it a perception of wealth. There are even studies that indicate that listing it as a hobby on your resume can increase your chances of getting hired at an elite law, finance, or tech firm (1). However, it can also have an economic impact on a regional or national scale. This impact … Continue reading
Part of President Trump’s promise to voters was to deliver his $1 trillion infrastructure plan to congress within his first 100 days in office. While it now seems unlikely to be completed in that time horizon, or possibly even in 2017, work has begun to shape what Trump’s infrastructure plan will resemble and it already … Continue reading
As Donald Trump is now into his third week as President of the United States his policies have started to become more and more clear. In terms of President Trump’s trade policies, he has made it very clear that he thinks America is “losing” in trade and that current trade deficit needs to be reduced. … Continue reading
On February 3rd of this year, President Trump ordered the Department of Labor to delay and review the Fiduciary Rule. The regulation, enacted by President Obama last year, was set to go into effect on April 10, 2017, but now faces delay for six months. This delay is being widely interpreted as an attempt by … Continue reading
On February 8, the Brooklyn Nets became the fourth NBA team to agree to display advertisements on their jerseys during games. Infor, the software company purchasing the advertisement, agreed to an $8 million dollar annual deal in exchange for a 2.5 inch by 2.5 inch Infor patch to be displayed on the left shoulder of … Continue reading
