George Muthart

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The Gap Forms Oddball Partnerships To Boost Struggling Business

The Gap is hooking up with some odd bedfellows these days.<p>The struggling apparel chain is piloting co-branded makeup counters with online beauty subscription service Birchbox, and testing a free delivery service with Virgin Hotels Chicago so that guests can have Gap fashions delivered straight to …

Krugman's Mistake: To Move Walmart To Costco's Wage Model Would Destroy 700,000 Jobs

Paul Krugman tells us all that the liberals (actually, the statists, not the liberals in the sense I would use but…) are right about the minimum wage. We can indeed raise it without jobs being lost, at least not to any great extent. It is, of course, entirely possible to argue with this conclusion, …

Iran's supreme leader says nuke deal won't change policy on US

Iran’s supreme leader Ayatollah Ali Khamenei said Saturday that a historic nuclear deal reached with world powers earlier this week won’t have any effect on Iran’s policy toward the U.S.<p>Khamenei said in a televised speech that U.S. policy in the Middle East runs counter to Tehran’s strategy and …

The next debt ceiling crisis could be much worse than in 2013

With some Republicans once again threatening to block an increase in the government's borrowing authority unless President Obama agreed to important spending concessions, the Treasury was forced to begin taking "extraordinary measures" or bookkeeping maneuvers to keep from bumping up against its …