How Small Business Owners Survived The Great Recession
Successful business owners employed a variety of strategies to make ends meet, from entering into strategic partnerships to significantly downsizing staff. When small business owners faced dramatic downward shifts in revenue, they had to get creative and, in some cases, make extremely difficult decisions.
How Volkswagen Plans To Outsell Tesla
Although Tesla reigns as king of the EV market thanks to its Model 3, Volkswagen has a plan in place to outsell them in the next few years. The automaker has set its sights on becoming a major name in the EV game, investing $37 billion in its electric car program.
The Movement To Stop Dollar Stores From Suffocating Black Communities
Some Black residents and elected officials argue the stores stifle economic growth and job creation, and exacerbate food insecurity. The stores are also disproportionately in areas that are low-income, rural, and Black, which experts say is racist.
Beyond The Growth Gospel
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.
How Vacation Became Just Another Thing We’re Working On
Something’s up with retreats. Isn’t this supposed to be the age of burnout? Don’t people deny themselves vacation days and spend all their leisure time working on their side-hustles? How are retreats so popular when regular, no-frills relaxation is elusive for so many people? Maybe retreats are the future of vacations.
Barilla Pasta’s Turnaround From Homophobia To National Pride
After chairman Guido Barilla rebuked gay families on national radio, his CEO spent five years cleaning up the company’s reputation. Barilla transformed from a pasta giant that would never feature homosexuals in its campaigns into one that sells spaghetti in homoerotic packaging.
The Ticking Time Bomb In America’s Downtowns
The sad state of office buildings could cause something called the “doom loop.” $1.5 trillion in commercial real estate debt, is owed to banks, pension funds, and insurance companies before the end of 2025, and secured by properties that may not be worth what they were five or 10 years ago when those loans got made.
Why Cruise Lines Keep Cutting Their Ships In Half
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.
The Myth Of The Ethical Shopper
What has happened in those sweatshops since they became a cultural fixation three decades ago? All sources led to the same conclusion: Boycotts have failed. Our clothes are being made in ways that advocacy campaigns can’t affect and in places they can’t reach. So how are we going to stop sweatshops now?
The Ever-Growing Car: Why Do They Keep Getting Wider?
We all know cars getting bigger and heavier. Most of us know why they are getting bigger, too. To comply with today’s stringent crash regulations – by passing offset, side and roof impact tests, as well as those evaluating pedestrian protection performance – cars require considerable cubic metres of controllably crushable bodywork.
The Rise Of Nintendo
Nintendo hasn’t always made video games. It was founded over a century ago and at one point sold ramen noodles and operated a taxi service. Today, Nintendo is part of a crowded video game market, up against companies like Sony, Microsoft, Apple and Google. When Nintendo first got into the home console business in the 80s, it dominated.
What Does It Really Cost To Run A Restaurant?
Restaurants have notoriously slim margins. Irene Li, the chef and owner of Chinese-American restaurant Mei Mei in Boston, reveals just how slim they really are.
Rebekah Neumann’s Search For Enlightenment Fueled WeWork’s Collapse
WeWork’s bailout by its largest investor, SoftBank, may permanently obscure the ugliest details behind its demise. But if the epidemic of self-delusion surrounding WeWork’s potential can be traced to anyone, it is Rebekah, the girlfriend of WeWork’s founder Adam Neumann.
The Wonder Drug for Aging, Made From One of the Deadliest Toxins on Earth
Botox is derived from a toxin purified from Clostridium botulinum, a bacterium that thrives and multiplies in faultily canned food. The botulinum toxin is so powerful that a tiny amount can suffocate a person by paralyzing the muscles used for breathing. That’s part of what protects Allergan’s $2.8 billion Botox empire.
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.
McMillions: How A McDonald’s Employee Helped Take Down a $24 Million Crime Ring
For years, the beloved McDonald’s Monopoly game was rigged by a motley crew of mobsters, ex-cops, and one Mormon church leader. The Rhode Island “McSting” was the catapult for a much larger undertaking to bust the restaurant industry’s most notorious criminal ring.
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.
How Slack Ruined Work
Slack is a particularly “scary offender” in stopping people getting their work done because it encourages them to be constantly distracted. It’s scary because messenger-based systems directly tap into how humans seek to reward themselves, and the long term result is unhealthy.
When Artists, Engineers, And Pepsico Collaborated, Then Clashed At The 1970 World’s Fair
A year and a half in the making, the Pepsi Pavilion drew eager crowds and elicited effusive reviews. Just a month after the opening, the partnership with Experiments in Art and Technology—E.A.T.—collapsed amidst a flurry of recriminating letters and legal threats.
America Is About To Witness The Biggest Labor Movement It’s Seen In Decades
The past four decades have been perhaps labor’s weakest since the Industrial Age. For a half-century, those working for hourly wages have won almost no real gains. The real average hourly wage in 2018 dollars adjusted for inflation was $22.65 in 2018, compared with $20.27 in 1964 — just an 11.7% gain.
The Condensed Guide To Running Meetings
There’s plenty of advice out there on how to stop spending so much time in meetings or make better use of the time, but does it hold up in reality? Can you really make meetings more effective and regain control of your calendar?