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An office building in St. Louis sold for $3.6 million after selling for $205 million 18 years prior. Downtown St. Louis is filled with unoccupied buildings and an unwillingness to visit them. The steep drop in the tower's value is just one sign that St. Louis' central business district is struggling, reports say. Indeed, St. Louis' downtown resembles a ghost town with a number of boarded-up buildings, according to The Wall Street Journal's Konrad Putzier. AdvertisementThe problem with Midwestern cities, like St. Louis, is that there's not much attracting people to the center of the city — and that applies to commuters, tourists, and residents.
Persons: Louis, , Konrad Putzier, Glenn MacDonald, Business Insider's Eliza Relman, Michael Hicks, BI's Relman, Relman, Tracy Hadden Loh Organizations: Service, T, Goldman Group, News, Washington University, Olin Business School, Business, University of Toronto, Midwest ., Ball State University, Midwest, Brookings Institution Locations: St, Downtown St, Francisco's, North America, Midwest, Midwest . San Francisco, Indiana, , San Francisco and New York
The availability of AI girlfriends is making male loneliness worse, Professor Liberty Vittert says. So, when one of her male students said he had an AI girlfriend she was taken aback. "I think AI girlfriends have been around for a while but they've become increasingly more mainstream so people are willing to talk about them." AI virtual companions have been on the rise since the pandemic but recent developments in generative AI have put them in the spotlight. "We're going from AI girlfriends who you text with to ones you can send pictures with.
Persons: Liberty Vittert, , they've, Caryn Marjorie, Vittert, it's, They're Organizations: Service, Olin Business School, Pew Research Center
U.S.-based economists Ben Bernanke, Douglas Diamond and Philip Dybvig were awarded the Nobel prize in economic sciences for 2022 for their research on banks and financial crises. They added this was "invaluable" during the 2008-09 financial crisis and the coronavirus pandemic. The winners of the prize — officially called the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel — receive 10 million Swedish krona ($883,000) to be split between them. The Royal Swedish Academy of Sciences select the winners from a list of candidates recommended by the Economic Sciences Prize Committee. He again cited the insurance sector in the U.K., when he said the "mismatch" came when there were calls for more collateral from insurance companies.
For the third year in a row, Olins Business School was ranked the top entrepreneurship program. Out of 131 schools, Olin's MBA program ties with Notre Dame's Mendoza College of Business for 29th place in US News & World Report's 2023 Best Business Schools report for its full-time MBA program. "This is not a program where you can get lost in a crowd of 300 to 400 students," Pyles said. In fact, she flagged lack of transparency as an indication the student may lack genuine interest in Olin's MBA program and what it has to offer. Nnakwue reached out to Olin students on LinkedIn and introduced himself as a prospective student interested in learning more about the Olin experience.
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