Meanwhile, in Detroit
The second Democratic presidential primary debates took place over two nights last week, and all 20 candidates agreed on one point: The economy may look strong from a numbers standpoint, but it’s nowhere near good enough for most Americans who are still struggling to make ends meet. What to do about it, however, was a point of contention, particularly between progressives (Elizabeth Warren and Bernie Sanders) and moderates (Joe Biden and Amy Klobuchar). Expect more stump speeches on the cost of health care, as well as tax cuts and trade wars, as the candidates parry before the next debate in September.
Galaxies on Display
Samsung is expected to unveil its latest generation of devices in Brooklyn on Wednesday, including a new version of the Galaxy Note 10 phone, possibly in more than one size. The new design is said to feature a camera lens that’s specially placed for selfies. (No word on whether it erases double chins.) But the Galaxy Fold — a futuristic phone that’s meant to open and close like a book — will probably remain under wraps after design flaws delayed its introduction this year.
What Else?
Big hotel chains, including IHG (which owns Holiday Inn and InterContinental), are banning mini bottles of bath products. Bulk dispensers are not only better for the environment, they’re less expensive, too. Not so cheap: Jeffrey Epstein’s legal fees. The sex trafficking case against the disgraced financier became even more sordid after reports surfaced that he had been dabbling in a eugenics scheme. And Amazon is under scrutiny from the Pentagon, which delayed an all-but-certain award of a $10 billion cloud computing contract with the company after Mr. Trump — an open critic of Amazon’s chief executive, Jeff Bezos — said he had heard of “tremendous complaints” from its competitors.
Article source: https://www.nytimes.com/2019/08/03/business/the-week-in-business-interest-rates-china-trade.html?emc=rss&partner=rss
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