"Joy Covey, who helped take Amazon.com Inc. public as the Internet retailer's chief financial officer, died Wednesday when her bicycle collided with a van on a downhill stretch of road in San Mateo County," the Los Angeles Times writes.
Update, Sept. 4: We added the audio for David Kestenbaum's radio obituary of Ronald Coase.
If you created the world as a simple economic thought experiment, companies wouldn't exist. Instead, everybody would work for themselves, and they'd be constantly selling their labor (or the fruits of their labor, or use of their tools, or whatever) to the highest bidder. Wages would rise and fall every day (every hour! every second!) depending on supply and demand. That's how the market works, after all.
Marian McPartland, who gave the world an intimate, insider's perspective on one of the most elusive topics in music — jazz improvisation — died of natural causes Tuesday night at her home in Long Island, N.Y. She was 95.
The writer Elmore Leonard has died. He was 87 years old and had recently suffered a stroke.
For decades, Leonard — working at the very top of his profession as a crime writer — had been widely acclaimed, and universally read. He published 46 novels, which resulted in countless movie and TV adaptations, including the movies Out of Sight and Get Shorty and the TV series Justified.