How Offshore Oil Rigs Work
Offshore oil rigs are inherently a higher-cost, higher-risk method of oil extraction, but the oceans are, of course, home to a huge proportion of the world’s oil reserves so, if there are no more low-cost oilfields on land, that’s where the companies go.
Why Coca-Cola Invented Fanta In Nazi Germany
Fanta is one of the most popular drinks in the world. But the brightly colored drink now known for its bold fruit flavors was actually first made from food scraps in Nazi Germany by The Coca-Cola Company.
The Rise Of Shopify, $68 Billion In Size. How Did It Get So Big?
Shopify is the leading E-commerce platform in the United States with 23% market share and has become the second-largest platform in terms of total merchandise volume, surpassing eBay in September 2019 and just behind Amazon. The company’s stock is up more than 20 times its IPO price.
The Big China Short
Researchers had a hunch that Luckin Coffee, China’s fast-growing challenger to Starbucks and a company traded in the U.S. stock market, was falsifying financial statements to exaggerate its sales. A few months later, an anonymously written 89-page report landed on Wall Street and leveled one of China’s hottest startups.
Ponzi Schemes, Private Yachts, And A Missing $250 Million In Crypto: The Strange Tale Of Quadriga
When Canadian blockchain whiz Gerald Cotten died unexpectedly last year, hundreds of millions of dollars in investor funds vanished into the crypto ether. But when the banks, the law, and the forces of Reddit tried to track down the cash, it turned out the young mogul may not have been who he purported to be.
The Quick And Ubiquitous Economics Of Bodegas
Whether you’re cruising in for a six-pack, or you live in the big city and depend on your corner store for, well, just about everything, they’ve usually got you covered. But how do they survive selling nothing but inexpensive merchandise?
How Leonardo Da Vinci Made A “Satellite” Map In 1502
When infamous Italian politician Cesare Borgia brought Leonardo da Vinci — the guy who drew this portrait — to the city of Imola, it was as a military engineer. When Leonardo was installed at Borgia’s newly acquired fort, one of his duties was to help Borgia learn the territory.
Up Close And Personal With Norway’s Modernist Architecture
‘Bauta’ takes a lingering glance at Norway’s government and administrative buildings—as well as public spaces—both inside and outside of the country; celebrating the poetics of everyday architectures, and the beauty to be found in buildings made by and for the people.
The Spectacular Rise And Fall Of WeWork
In less than one year, WeWork went from having a $47 billion valuation and being the darling of the venture capital world to needing an $8 billion infusion to avoid running out of money. This is the story of Adam Neumann, Softbank’s risky investment, a failed IPO and how we got here.
How To Optimize Your Life
You’ve only got — on average — 78.53 years on this planet, total. And you’re likely already spending a precious 5 hours each day on email, not to mention the time spent waiting in line or stuck in transit. But what if there were ways to make more time out of time?
Germany’s First Postwar Army
In 1951 Germany’s first postwar armed forces unit was formed – the Bundesgrenzschutz or Federal Border Guard. Until the formation of the Bundeswehr in 1955, it was effectively Germany’s army. Armed and equipped from the old wartime Wehrmacht, the BGS guarded the inner German border between East and West Germany.
How New Balance Stumbled, Then Soared To The Top Of The Streetwear Game
With a separate license in Europe and a factory in Flimby, United Kingdom, New Balance has had the attention of sneakerheads abroad for more than a decade and a half. In the United States, however, where the brand was founded in 1906, it hasn’t enjoyed the same youthful appeal.
Shanghai’s Underwater Quarry Hotel
Extending 90 meters down into an abandoned quarry the 18 storey, InterContinental Shanghai Wonderland is a structure like no other. Located in the Sheshan Mountain Range, the hotel was conceived by Atkins for the Shimao Group as a unique destination to rival the extravagant resorts of Singapore and Dubai.
The Cab Ride That Nearly Killed Me Changed How I Think About Ride-Hailing Apps
Were ride-hailing companies doing enough to protect passengers from negligent drivers? Maybe Grab’s growth and its perceived triumph over Uber the day before my accident had come at a cost. Was it possible that, for all the convenience ride-hailing services offered, they were making cities less safe?
The Big Business Of Loneliness
Capitalism abhors a vacuum, and into this collective social void has stepped a fleet of companies and entrepreneurs selling an end to social isolation. Over the past decade, on-demand connection has become both a big business and a powerful marketing opportunity.
This Company Hired Anyone Who Applied. Now It’s Starting A Movement
Greyston Bakery uses a practice of open hiring: filling positions on a first-come, first-served basis, no questions asked. Now it wants to teach other companies how to do the same. Open hiring creates a pipeline for careers on the bakery’s manufacturing floor and throughout the rest of the company’s operations.
Why We Shouldn’t Bail Out The Airlines And Cruise Companies
Despite the obvious vulnerability of the sector, boards/CEOs of the six largest airlines have spent 96% of their free cash flow on share buybacks, bolstering the share price and compensation of management… who now want a bailout. They should be allowed to fail.
Cash For Kim: North Korean Forced Laborers In Poland
On its website, the CRIST shipyard advertises that they build ships for various clients throughout Europe. And we know that North Koreans are still working here today. VICE gained exclusive access to documents that reveal the wages of North Korean laborers in Poland before the Kim regime’s deductions.
“The Paper Boy”, An Award-Winning Touching Short Film
The City of Joy is that melting pot where dreams are served everyday freshly cooked. This is a tale of a little boy whose world revolves around the by-lanes of old Calcutta where he delivers the latest headlines and then spends the rest of his day simmering dreams at a tiny tea stall.
Four Japanese Rules To Live Past 100
Okinawa, long known as the island of the immortals, is home to the highest concentration of centenarians in Japan. The village of Kitanakagusuku ranks first in Japanese women’s longevity. What is it about this island that makes its inhabitants live a longer and happier life?
“In The Absence”, Award-Winning Film About The Sinking Of A South Korean Ferry
When the passenger ferry MV Sewol sank off the coast of South Korea in 2014, over three hundred people lost their lives, most of them schoolchildren. Years later, the victims’ families and survivors are still demanding justice from national authorities.