How human networks drive inequality, social immobility

To understand why people succeed or fail, look at their circle of friends. Like it or not, said Stanford economist Matthew Jackson, people's fates are closely connected to their human networks.

Meredith buying Time Inc. for about $1.8 billion (Update)

Magazine and broadcasting company Meredith is buying magazine publisher Time for about $1.8 billion, with help from the billionaire Koch brothers, to bulk up on readers as the publishing industry navigates the difficult transition ...

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