Business Longreads for the Week of June 8, 2013
From an in depth look at the success of retailer Costco to the potential new real estate bubble, The Daily Beast brings you the best in business journalism from the week of June 8, 2013.
Brad Stone, Bloomberg Businessweek
As other major retailers struggle with plummeting sales and labor strikes, Costco has become synonymous with both business success and employee satisfaction.
Adam Davidson, The New York Times Magazine
The scalping industry has long befuddled economists. While concert tickets seem far more expensive than they used to be, there is still a whole industry of scalping, which means the tickets are still far below market value.
Sean Sposito, American Banker
Chip Mahan and a series of other small bankers are breaking the traditional mold and lending nationwide. Their gambit? That new cloud-computing technology will irrevocably change the community banking system.
Matthew Philips, Bloomberg Businessweek
Once the talk of the town, high-frequency trading receded in trade volume for the first time this past year, and the proft margins have become smaller and smaller.
Morgan Brennan, Forbes
While the big money flowing into the real estate sector has propped up a beleaguered industry, time will tell if this will create another housing bubble.