Russia’s currency crisis has caused Apple to boost iPhone prices, Ikea to suspend sales and regulators in Moscow to slash vodka prices. But this may be the most unusual fallout yet of the plunging ruble: China’s National Meteorological Center warned its weather forecasting abilities may be hampered by Russia’s currency problems. “Our weather forecasts might… Keep reading →
A few years ago, the oil boom brought jobs, workers and money to Williston, N.D. But the influx of young men also brought a rise in crimes like prostitution, drug trafficking, theft, and even murder. The town’s two strip clubs — Whispers and Heartbreakers — stand closed after police were called 189 times in under… Keep reading →
The spread of innovative drilling techniques combined with high oil prices have caused a renaissance in American oil exploration and production. The boom has been confined in large part to traditional oil-and-gas states like Texas and North Dakota, but other states that have seen resource dividends pass them by in previous eras are now enjoying their own expansions thanks to oil and gas development.
The latest round of American boomtowns to be profiled by CNNMoney lie in Kansas, and the site has profiled seven of the workers benefiting from oil investment even as they grapple with the challenges of a resource sector that often requires a high degree of mobility and a tolerance for isolation. Keep reading →
