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Even as Elon Musk calls philanthropy ‘very hard,’ everyday Americans gave a record $617 billion—despite feeling the squeeze over the cost of living

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Egg companies made $1.22 billion in profit off a $6 carton — now they’re buying their way out of a price-fixing case with 53 million donated eggs

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1

Even as Elon Musk calls philanthropy ‘very hard,’ everyday Americans gave a record $617 billion—despite feeling the squeeze over the cost of living

2

Egg companies made $1.22 billion in profit off a $6 carton — now they’re buying their way out of a price-fixing case with 53 million donated eggs

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Meet the Zillennials: The luckiest micro-generation in the workforce, born between 1993 and 1998
China

Now It’s Disney’s Turn To Have a Service Suspended in China

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Scott Cendrowski
Scott Cendrowski
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Scott Cendrowski
Scott Cendrowski
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April 26, 2016, 5:56 AM ET
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Alix Colow. Agency pick up.Photograph by Everett Collection
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Disney’s movies and cartoons are the latest foreign content to be targeted by Chinese regulators following harsher rules released last month for Western content in the country.

A joint-venture between Disney and Alibaba’s Tmall shopping platform to offer Disney’s content online has been suspended at the request of Chinese regulators, the Wall Street Journal reported today.

Last week it came out that regulators had suspended Apple’s iMovie and iBooks services in the country. The same regulator was responsible for new rules instituted in March that were expected to put greater pressure on foreign entertainment amid President Xi Jinping’s campaign to promote Marxist thought and expunge Western ideology from entertainment, education, and foreign influence. The ideology has reared itself in odd and sometimes comic forms: a military newspaper recently denounced the Disney film Zootopia as propaganda for promoting the American Dream.

 

The suspended Disney-Alibaba joint project called DisneyLife was announced in December and included an over-the-TV-set, Mickey Mouse-eared device for $125 that connected users to Disney content and helped them plan trips to Disneyland parks in Shanghai and Hong Kong.

Alibaba’s customer service was offering refunds on the device, the Journal reported, but the damage appears greater for Disney’s ambitions. Last year Disney launched the same device in the U.K., as Disney CEO Bob Iger has discussed giving consumers more options than a bundled-cable package to see Disney’s content including ESPN, Star Wars, and its television shows.

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