Featured

Porsche and Volkswagen are set to uncouple—at last

PURCHASING A NEW Porsche often involves a long wait. If limited production and aloof dealers weren’t enough of a bottleneck, some buyers face further delays after a fire that broke out last week mid-Atlantic on a ship carrying 4,000 vehicles, including Porsches, from the stable of brands owned by Volkswagen (VW).Listen to this story. Enjoy…

Read more

Private equity is buying up America’s newspapers

AMERICA’S LOCAL newspapers have been struggling to stay afloat for years. Since 2005 roughly 2,200 of them have folded. Private-equity firms, which often swoop on businesses in distress, have descended on the industry. The share of American newspapers owned by private-equity groups increased from 5% to 23% between 2001 and 2019 (see chart). The covid-19…

Read more

Walrus makes a rare appearance on N.L. beach — and draws a crowd

An errant walrus on the Avalon Peninsula drew a lot of attention over the weekend, though wildlife officials are asking people to give the animal its space.’Seeing a walrus in person, seeing the enormity of the creature and the skin texture and its tusks, it’s amazing,’ says photographer Alick Tsui. (Alick Tsui/Submitted) An errant walrus…

Read more