Fresh Proof That Strong Unions Help Reduce Income Inequality

New research demonstrates the direct and indirect effects of unions going back to the 1930s. Now that the union movement is weaker, inequality has risen.
Read more: https://www.nytimes.com/2018/07/06/business/labor-unions-income-inequality.html?source=Snapzu

'Huge step': Tourist industry wakes up to reef's climate risks

Tourist operators on the Great Barrier Reef are shifting their stance on climate change, with the peak industry body opposing Adani's "mega coal mine", and acknowledging fossil fuel use has to be phased out. In an unprecedented declaration, a year in the making, the Association of Marine Park Tourism Operators (AMPTO) and Australian Marine Conservation Society (AMCS) called on "all our political leaders...to fight for the future of our reef".
Read more: https://www.theage.com.au/environment/climate-change/huge-step-tourist-industry-wakes-up-to-reef-s-climate-risks-20180706-p4zq0x.html?source=Snapzu

Post Office owes $3.5M for using wrong Statue of Liberty on a stamp

A sculptor who created a replica of the Statue of Liberty for a Las Vegas casino was awarded $3.5 million in damages last week after the US Postal Service (USPS) accidentally used a photo of his statue—rather than a photo of the original statue in New York harbor—on one of its most common stamps.
Read more: https://arstechnica.com/tech-policy/2018/07/post-office-owes-3-5m-for-using-wrong-statue-of-liberty-on-a-stamp/?source=Snapzu

Netflix’s Content Budget for 2018 Balloons to $13 Billion — Report

When Netflix announced its third-quarter earnings in mid-October, the streaming service predicted it would spend between $7 billion and $8 billion on content in 2018. Now that the year’s half over, those figures require an update: The Economist, citing data from a Goldman Sachs assessment, reports that Netflix will actually spent $12 billion to $13 billion on its films and shows during that span. According to the magazine, Netflix’s annual budget tops what every other studio and network...
Read more: https://www.indiewire.com/2018/07/netflix-original-content-spending-13-billion-1201981599/?source=Snapzu

Netflix and Amazon are struggling to win over the world's second-largest internet market

As Netflix and Amazon search for new users abroad, they are increasingly looking to India as a big market. Once crippled by poor internet infrastructure and low household income, the world's second-largest internet market has exhibited tremendous potential in the recent years. It's proving, however, to be a tough nut to crack for the American streaming leaders.
Read more: https://www.cnbc.com/2018/07/05/netflix-and-amazon-are-struggling-to-win-over-indian-viewers.html?source=Snapzu

Defense contractor detained migrant kids in vacant Phoenix office building: report

A U.S. defense contractor detained dozens of immigrant children in a vacant office building in Phoenix, Arizona, despite claiming that it does not operate shelters or any type of housing for children detained by federal agents. By John Bowden.
Read more: http://thehill.com/latino/395885-defense-contractor-detained-migrant-kids-in-vacant-phoenix-office-building?source=Snapzu

Reddit — one of the world's most popular websites — is trying to cash in through advertising

Reddit is trying to turn its loyal 330 million Redditors into valuable advertising revenue. It's been heavily pitching advertising agencies and unveiling new ad products. By Michelle Castillo.
Read more: https://www.cnbc.com/2018/06/29/how-reddit-plans-to-make-money-through-advertising.html?source=Snapzu