Business & Finance

Fortune August 1, 2018

FORTUNE covers the entire field of business, including specific companies and business trends, tech innovation prominent business leaders, and new ideas shaping the global marketplace. FORTUNE is particularly well known for its exceptionally reliable annual rankings of companies. FORTUNE furthers understanding of the economy, provides implementable business strategy, and gives you the practical knowledge you need to maximize your own success. Fortune currently publishes 3 double issues. Each count as two of 12 issues in an annual subscription.

United States
Meredith Corporation
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12 Issues

in this issue

3 min.
the business cycle is turning

MAYBE YOU READ HIS SURGICAL ANALYSIS of GE in our June issue, aptly titled “What the Hell Happened?” Or perhaps you’re familiar with his probing and cogent feature stories on Intuit, P&G, Wells Fargo, or Kraft Heinz in recent months. But if you’ve read any of these stories (and hopefully, you’ve read them all), you already know that nobody in the business press today dissects companies quite as deftly as Geoff Colvin does. In this issue, though, we asked Geoff, a Fortune senior editor-at-large, to dig into something much bigger than any one company. We asked him to dissect the U.S. economy: to scrutinize its balance sheet, examine its business model and current management, and do the kind of thoughtful, 360-degree risk analysis that Geoff does so well. The result is our…

3 min.
the supreme court: coming to a cubicle near you

THE COURT THE CONSERVATIVE GRIP on the Supreme Court is set to be cemented for a generation if President Trump’s nominee, federal appeals-court judge Brett Kavanaugh, navigates his Senate confirmation hearing. The arrival of Kavanaugh, who is ideologically further to the right than outgoing Justice Anthony Kennedy, would influence many aspects of U.S. society—not least the rules governing American workplaces. As the court wrapped up its most recent term, it delivered a pair of decisions that effectively expanded employers’ leverage over their employees. In Janus v. AFSCME, Justice Samuel Alito wrote for a 5–4 majority that speech protections in the First Amendment mean that government workers cannot be compelled to pay union dues, since that could force them to financially support political stances they didn’t agree with. Janus will hurt the coffers…

1 min.
in kavanaugh’s past rulings, clues to his views on big business

SEAWORLD OF FLORIDA PEREZ Decided April 2014 Kavanaughwas the lone dissent in a case involving a SeaWorld trainer killed during a killerwhale show. The court upheld a ruling that SeaWorld violatedworkplace safety standards. But Kavanaugh, in a scathing dissent, likened the whale show to a dangerous sport such as football or boxing, where the participants know the risks. VENETIAN CASINO NLRB Decided July 2015 Writing the opinion of the court, Kavanaugh asserted that the Venetian Casino in Las Vegas did not violate labor laws by requesting that police issue citations to union workers demonstrating on its private property. Kavanaugh wrote that the casino had a First Amendment right to petition the government in that matter. AGRI PROCESSOR NLRB Decided Jan. 2008 Agri Processor, a meatpacking company in New York, refused to recognize the formation of a workers union because undocumented migrants…

1 min.

HOW AMERICANS SPEND THEIR TIME Time spent on various activities by Americans 15 and older during a regular weekday in 2017. AMERICANS ARE TRADING LONG HOURS at work for more screen time at home. According to the Bureau of Labor Statistics, Americans worked fewer hours during the week in 2017 than in 2008 but spent more time bingeing on TV shows at the expense of socializing. People in the U.S. are also getting less active time during the week, though at least some have listened to Arianna Huffington, because time spent sleeping is up. NOTE: ALL ACTIVITIES INCLUDE TRAVEL TIME * USED FOR LEISURE BUT EXCLUDING GAMES ** ORGANIZATIONAL, CIVIC, AND RELIGIOUS ACTIVITIES *** PHONE, MAIL, EMAIL…

2 min.
making debit sexy

CARD CACHET THE HUMBLE DEBIT CARD is eclipsing other pieces of plastic as a status symbol in the wallets of younger consumers. To meet these changing tastes in personal finance, companies like Acorns, SoFi, and Square are enlisting world-famous designers to give the cards a new cachet—and millennials are lining up to get their hands on them. Consider the case of Acorns, a popular savings app that helps people invest. Upon realizing that many of its customers craved a physical card, the company hired Ammunition, a design firm co-led by Robert Brunner, a longtime industrial designer for Apple whose work appears in Museum of Modern Art collections in New York and San Francisco. “We wanted to deliver a physical thing and have it feel special. Like an acorn coming from an oak tree,…

1 min.
will moviegoers pass on surge pricing?

AS INVESTOR CONCERNS grew amid dwindling cash reserves, MoviePass had to do something. Its latest order of business? Surge pricing. The service, which enables subscribers to purchase a theater ticket once a day for $10 a month, will now add a surcharge for popular movies during peak hours. Gearing up to see the new Mission: Impossible on a Saturday night? That could cost you an additional $2 to $6. While surge pricing keeps the supply and demand for Uber in check, additional fees defeat the main reason most customers signed up for Movie-Pass, says investment adviser Ross Gerber. MoviePass has a similar business model to flexible fitness membership service ClassPass, and it faces a similar inherent problem: Both rely on customers signing up and maintaining their memberships but not using…