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Best Of FORBES: The Polar Vortex, 30 Under 30 And Self-Driving Cars

Jan 8 2014, 5:01pm CST | by

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Best Of FORBES: The Polar Vortex, 30 Under 30 And Self-Driving Cars

“The polar vortex gripping the nation has brought a crazy week for natural gas. On Monday the demand for gas nationwide hit a record 125 billion cubic feet as homeowners and power generators sought to burn as much of it as they could get to keep the cold at bay. In a normal early-January week the draw on natural gas inventories is about 170 billion cubic feet. This week, according to market watcher Bentek, the drawdown is expected to be on the order of 310 bcf — the most ever” — Christopher Helman. Read Thanks To Fracking, Natural Gas Supplies (Barely) Withstand ‘Polar Vortex’ Assault

“Jack Andraka, the 16-year-old who created a prototype cancer diagnostic test and won the top $75,000 prize at Intel’s annual high school science fair, was recommended for the annual feature. Here’s why his name was not included on the list” — Matthew Herper. Read Why Biotech Whiz Kid Jack Andraka Is Not On The Forbes 30 Under 30 List

“There’s a saying on Wall Street that bad news is actually good news for the market. Wednesday afternoon, Macy’s proved to be the epitome of this mantra, watching its stock surge more than 6% in after-hours trading on the news that it is slashing 2,500 jobs. Macy’s announced Wednesday afternoon that in an effort to achieve cost savings of $100 million per year starting this year, it is introducing a number of cost savings initiatives. Among the cost reduction strategies are store closings, organizational changes and the laying of off 2,500 employees” — Maggie McGrath. Read Macy’s Slashing 2,500 Jobs In Effort To Save $100 Million Per Year

“It’s a new year, so why not start off with a clean, empty inbox? That was my aim when I stumbled upon Unroll.Me, a service promising to sort out your hopelessly clogged email accounts. My particular problem is an inability to resist subscribing to every clever flash sales site or gimmicky e-commerce operation of the last five years or so: from Groupon to Gilt City, Birchbox to BaubleBar, I get ‘em all. Unroll.Me mines your inbox and tells you how many email blasts you receive (I was at just over 300, shamefully)” — Clare O’Connor. Read Groupon Emails Or Amazon Blasts? Here’s What You’re Purging From Your Inbox

“We were escorted out of the Cosmopolitan Hotel garage in Las Vegas by two Nevada state troopers, who followed our Audi A6 Avant all the way to Interstate 15. Traffic was moving pretty well, which is why we needed the troopers, because we were about to make our own traffic jam at CES to show what Audi’s new Piloted Driving technology can do. It’s only a prototype now, but if the system hits the market as planned within the next three to five years, the frustration and dangers many commuters suffer in stop-and-go traffic may come to a satisfying end” — Bruce Upbin. Read Let’s Go For A Ride In Traffic With Audi’s Self-Driving Car and watch the video:

“Reboot. Remake. Rewind. In 2013, Warner Bros., Universal, Fox and Sony bounced executives, Paramount lost market share footing to indie Lionsgate and Disney said goodbye to tenured iconic Producer Jerry Bruckheimer and hello to the “force” Lucasfilm – all decisions that directly or indirectly had to do with the business of building new and rebuilding established blockbuster franchises. Life in the executive suite had come to mirror the survivalist fare studios covet at all costs. In 2014, the fundamental R’s of theatrical retooling of features, TV series, comic book characters, bestseller and video game adaptations pretty much make up the reimagined, stylized rehash of this year’s offering” — Jude Brennan. Read Hollywood’s Plot In 2014: Franchise Fever Mounts; Does Big-Budget Disaster Loom?

Source: Forbes

 

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