overstated

A top Walgreens executive on Thursday acknowledged the company may have overblown concerns about thefts in their stores after shrinkage stabilized over the last year. During an earnings call, the company's chief financial officer, James Kehoe, said shrinkage was about 3.5% of sales last year but that number is now closer to the "mid twos." He also said the company would consider moving away from hiring private security guards."Maybe we cried too much last year," Kehoe said. "We're stabilized," he added, saying the company…

Credit: Shutterstock New research measuring resources passed from parents to children shows that current estimates of intergenerational mobility may be substantially overstated. The…

Gideon Lewis-Kraus / New Yorker: A look at the presentiment that social media is bad for society, as some researchers find the fears are overstated and others warn about effects on individuals — There's a general sense that it's bad for society—which may be right. But studies offer surprisingly few easy answers. Gideon Lewis-Kraus / New Yorker: A look at the presentiment that social media is bad for society, as some researchers find the fears are overstated and others warn about…