• Billionaire Dan Gilbert has already bet $5.6 billion on Detroit's future, but money can't solve his biggest challenge

    1 month ago - By Chron

    Al Goldis/AP Photo; Bedrock; Samantha Lee/Business Insider
    Dan Gilbert moved his mortgage company Quicken Loans to downtown Detroit in 2010 and founded his real-estate company Bedrock a year later, when the city was just a few years from bankruptcy.
    Bedrock has invested or allocated a total of $5.6 billion across 100 or so properties in downtown Detroit and nearby neighborhoods, and said it has 98% occupancy of office and residential properties.
    Gilbert's family of companies employs 17,000 people and is the largest employer and taxpayer in Detroit. Its level of influence on a major...
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  • Youth Summer Unemployment Hits Lowest Rate in 52 Years

    1 month ago - By Fortune

    The Bureau of Labor Statistics reported Thursday that the unemployment rate for 16 to 24 year olds had dropped to 9.2% in July, from 9.6% in July of 2018. That marks the lowest summer youth unemployment rate since 1966.
    President Donald Trump celebrated the numbers on Twitter.
    Just announced, youth unemployment is at a 50 year low! foxandfriends
    - Donald J. Trump August 17, 2018
    However, there's a bit more to the story.
    The unemployment rate measures only those who are actively looking for work, but can't find it, excluding anyone not actively seeking work. The percentage of youth actually...
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  • The Respawnables mobile game hits 45 million downloads and 2.5 billion matches in 5 years

    The Respawnables mobile game hits 45 million downloads and 2.5 billion matches in 5 years

    1 month ago - By Venture Beat

    Digital Legends Entertainment has hit some big milestones with its The Respawnables mobile game after five years: 45 million downloads and 2.5 billion matches played. And the success has given Digital Legends Entertainment the confidence to publish its own mobile games in the future, rather than split the money with other publishers. The game from...
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