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Just one per cent of Sweden’s GDP circulates as cash. As debates over the need for cash rage along lines of age, wealth and location, the country is looking to create a digital currency.
Gig economies are ersatz structures, designed to skirt labor laws and offload risk and expense onto workers themselves. They serve the whims of capital.
If you have ever traveled somewhere, especially to countries that are either a good deal richer or poorer than your own, you might have noticed that some places are certainly a lot more expensive than others. There seems to be a strong correlation between the average wealth of a country and the cost of goods and services.
It’s the baby boomers who won the generational lottery, and they now appear to want their children and grandchildren to cover their low taxes and rising health care costs.
This Hotel lists hotel, hostel and bed & breakfast recommendations from trusted experts like New York Times, Lonely Planet, Fodor’s, Frommers, CNN and many more.
Renewable energy is now comparable with the cost of building new coal and nuclear capacity. Existing, older power plants already have the capital investment sunk, so they are cheaper — but, in the case of South Africa at least, many of these plants are reaching retirement ages.
IKEA’s “aesthetic per dollar” ratio is very high, says neuromarketer and author of “The Buying Brain” Dr. A. K. Pradeep. Ikea’s affordable style is its “category-busting-metric,” or what makes it stand out from all the other brands in that space, he says.
For a small fee, you’re granted unencumbered access to a wonderland of gluttony. Is it possible to out-eat the price you pay for a buffet? How do these places make money? We looked at the dollars and cents behind the meat and potatoes.
Higher productivity means the expectation of rising wages and abundant job opportunities. In a time of Facebook, smartphones, self-driving cars, and computers that can beat a person at just about any board game, how can the key economic measure of technological progress be so pathetic?
How to buy college football players, in the words of men who deliver the money. These men are fans who believe they’re leveraging football success $500 or $50,000 at a time.
Many of the recent political shifts in the West—the election of Donald Trump, the rise of populism in Europe and Brexit—can be partially attributed to the fear of mass migration. Yet increasing migration is one of the quickest ways to make the world richer.
Between 1990 and 2015, raising the minimum wage by $1 in each state might have saved more than 27,000 lives, according to a report published this week in the Journal of Epidemiology & Community Health. An increase of $2 in each state’s minimum wage could have prevented more than 57,000 suicides.
American food supplies are increasingly channeled through a handful of big companies: Amazon, Walmart, FreshDirect, Blue Apron. What do we lose when local supermarkets go under? A lot — and Kevin Kelley wants to stop that.
For the millions of former students struggling to make their monthly payments, debt was sold to us as the cost of a better life. A growing movement poses the question: We have the numbers, so what if we just stopped?
Humans gobble so many chickens that the birds now count for 23bn of the 30bn land animals living on farms. Chicken is cheap and delicious. Fans of cheap chicken have selective breeding to thank. Farmers have also benefited from the healthy reputation of chicken.
I can’t explain airline pricing but I do know some plane tickets can be cheaper depending on where you buy them or, even better, where you appear to buy them from. This is all about leveraging foreign currencies and points-of-sale to your advantage.
The degrowth movement wants to intentionally shrink the economy to address climate change, and create lives with less stuff, less work, and better well-being. This new accounting of economic success would focus on access to public services, a shorter work week, and an increase in leisure time. But is it a utopian fantasy?
Founding father and first Prime Minister Lee Kuan Yew kicked off the Keep Singapore Clean campaign 50 years ago. The aim wasn’t just to make the city more pleasant. A cleaner city, Lee Kuan Yew reasoned, would create a stronger economy.
When the Venetian merchant Marco Polo got to China, he saw many wonders. One of the things that astonished him most, however, was a new invention, implemented by Kublai Khan, a grandson of the great conqueror Genghis. It was paper money, introduced by Kublai in 1260.
The High Line and its imitators are examples of “landscape urbanism,” a growing design movement that places green space in collision with old infrastructure. Rehabilitation projects follow a familiar playbook, aestheticizing the labor of the past even as they support a gentrified future.
In the UK, only one in four middle-income millennials are on the housing ladder. Twenty years ago, 65% of this group owned homes. What’s changed? Is it possible to buy a house without help? And with more people privately renting, what are the implications for starting families, retirement and society at large?
A prominent housing analyst expects hundreds of thousands of defaults next year as mortgage forbearance periods end. At first glance, those projections look bad. On closer inspection, however, this round of foreclosures should be mild in comparison to the financial carnage of 2008 to 2010.
The Hotel Belvédère du Rayon Vert symbolizes the very empire these adherents of “degrowth,” as the movement is known, wish to overthrow: consumption, wealth, inequality, travel, and cement, the whole modern industrial condition.
Global finance is being transformed as billionaires get richer and cut out the middlemen by creating their own “family offices”, personal investment firms that roam global markets looking for opportunities.
After years of timidity Big Tech, with its billions of users and gigantic war chest, at last appears serious about crashing the fintech party. Amazon and Apple introduced a credit card. Facebook announced a new payments system and Google said it would start offering current (checking) accounts in America.
This video takes a look at Sir Seretse Khama, the man that oversaw Botswana’s transformation from to 2nd poorest country in the world to the fastest-growing economy. Botswana today is the world’s largest producer gem diamonds and is one of only a handful of middle-income countries in sub-Saharan Africa.
Sri Lanka has reclaimed two square kilometers of land from the Indian Ocean to double the size of its capital and retain talent, but will the investment pay off?
A dizzying array of variables affects a portfolio of debt’s true potential — the age of the debt, how many agencies have tried to collect on it, the size of the balances, the type of credit card, where the debtors live and the current economic climate.
In Pakistan, China and the U.S. are clashing over China’s One Belt, One Road initiative. To understand what’s at stake, it helps to take a look at why China is in Pakistan in the first place.
In the midst of a housing crisis, an injection of cash into the superheated real-estate market seems likely to cause an uptick in evictions and displacement.
Millennials entered the workforce during the worst downturn since the Great Depression. They are now entering their peak earning years in the midst of an economic cataclysm more severe than the Great Recession. They will be the first generation in modern American history to end up poorer than their parents.
Medical debt is a uniquely American phenomenon, a burden that would be unfathomable in many other developed countries. According to a survey in the American Journal of Public Health, nearly 60 percent of people who have filed for bankruptcy said a medical expense contributed to their bankruptcy.
On any given day, thousands of packages from Walmarts, Targets, and stores around the country travel north along a two-lane road out of Billings, Montana — past the Tumbleweed Saloon, past cows grazing on empty rangeland, past the Busy Bee Cafe and stands of short pines — to the town of Roundup, where they will be unboxed, re-boxed, and sent off to Amazon.
The number of international tourist arrivals has been increasing more or less exponentially since the mid-20th century, and totaled about 1.4 billion in 2018. Europe has seen the biggest share, but the Asia-Pacific region is growing fast.
In a process called “stretching,” the Star Breeze is getting pulled apart to make room for a new, 84-foot, 1,250-ton prefab midsection addition. Think of it like unsnapping (or unwelding) two Legos and putting another block in between. But with a boat.
Commercial airlines often prioritize boarding for passengers traveling with small children, or for those who need extra assistance, before starting to board the faster passengers. It’s counter-intuitive, but it turns out that letting slower passengers board first actually results in a more efficient process.
The 2008 crisis and the government’s response made obvious the extent of economic and political inequality in the United States, and the absolute decline in wealth and well-being for a growing fraction of Americans. Evidence of decline is manifest to those of us living in America in the first decades of the 21st century.
Because my father believed that debt was sinful, and believed God wanted him and my mom to have as many kids as possible, they were too broke to help me pay for college. Because of this anti-debt theology, I wasn’t allowed to take out student loans, and had to attend a really conservative Christian college because it was so cheap.
Housing affordability is a growing issue in America, and there’s a battle over how to fix it happening on blocks across the country. Zoning—the rules that govern how cities use their land—is on the front line. Cities and states across the country are proposing new upzoning laws to combat the housing crisis. Will they work?
