The explosive growth of e-commerce and waves of retailer bankruptcies, combined with rents that skyrocketed in recent years coming out of a recession, have slammed streets known for huge, attention-grabbing spaces.
Experts say streets like North Michigan Avenue will not be knocked from their perch as the go-to destinations for retailers and consumers alike, and there already are signs of the Mag Mile bouncing back after a couple of years of slow leasing. Read More...
5. Rupert Murdoch and familyEstimated net worth: US$19.6 billionThe Murdoch name is synonymous with media, with doyen Rupert Murdoch amassing his wealth by building a media empire that included Fox News, The Times of London and The Wall Street Journal, among many others, reports Forbes.Born in Melbourne, Australia, in 1931, Murdoch’s meteoric rise in the media world began with family: his father, Sir Keith Murdoch, left the family a controlling share in Adelaide News. Read More...
The weak economy and lack of jobs have sped up the decline in the population, which in turn has reduced the capacity of the local economy to grow. Tieling’s population growth rate was minus 1.6 per cent in 2017, far below the national average of a 0.5 per cent. The region’s share of national GDP, meaning the three provinces that make up the rust belt, has declined steeply to around 6. Read More...