France Is Running Out of Butter for Its Croissants

November 4, 2017

France’s much-loved croissant au beurre has run up against the forces of global markets. Finding butter for the breakfast staple has become a challenge across France. Soaring global demand and falling supplies have boosted butter prices, and with French supermarkets unwilling to pay more for the dairy product, producers are taking their wares across the border. That has left the French, the world’s biggest per-capita consumers of butter, short of…

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Ivanka Trump Faces Courtroom Showdown Over $785 Sandals

September 29, 2017

Edgardo Osorio’s prized sandals sit on a glass shelf inside his Madison Avenue boutique under zebra-striped arches and golden chandeliers. The shoes have skinny heels, frills, and a tassel dangling from a dainty ankle strap that weaves up the leg. These days, they’re available in all kinds of colors and materials, but their signature suede style comes in a bold lipstick red. Osorio, the co-founder and creative director of fashion label Aquazzura, calls the sandal one of his…

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Finance Geeks Will Love This New Movie About the Tulip Bubble

September 8, 2017

Markets are governed by two things: math and story. Math is simple. It’s reality, the fundamentals and the underlying supply and demand for whatever’s being traded. The story is where human psychology enters the picture. It’s what causes people to extrapolate wildly, move in herds, and swing from bouts of extreme pessimism to embarrassing optimism. Markets can whipsaw wildly based on story alone, though in the end, raw math eventually…

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