Sweden’s Cashless Society Dream Isn’t All It’s Cracked Up To Be
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.
What Does A Cashless Future Mean?
Operating in cash costs countries about 0.5% of their GDP every year. But cost isn’t the only incentive to move towards a cashless future. Many countries are going cashless at great speed. What are the advantages of ditching hard cash and what are the dangers?
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 Lockdown Has Exposed The Fatal Flaw In Deliveroo’s Business
It wasn’t coronavirus that hobbled Deliveroo: it was its small margins and the crippling costs of competing both in its home market and abroad. In the UK, there are three big players in the market, in the US there are half a dozen, in Europe there are over 20.
As Companies Become Purpose-Led, Where Does That Leave Charities?
Sustainable, meaningful, purpose-led. However framed, when applied to organizations, these terms indicate to wider society that a company is committed to making a difference. Evidence proves that purpose-led organizations are no longer a buzzword.
Rubber Tires — A Dirty Business
The booming global tire market is worth billions – but this comes at a high price, both to humans and the environment. Over 50 million car tires are sold each year in Germany alone. But where does the natural rubber for them come from?
How America’s Biggest Theater Chains Are Exploiting Their Janitors
The major chains — AMC, Regal Entertainment and Cinemark — no longer rely on teenage ushers to keep the floors from getting sticky. Instead, they have turned to a vast immigrant workforce, often hired through layers of subcontractors. That arrangement makes it almost impossible for janitors to make a living wage.
The Homeownership Obsession
There are two different tales we tell ourselves about houses. The primary story is about bright futures, long lives, children, grandchildren, and hard-earned success. The second story, the darker story, is about the horror of being trapped.
How Netflix Turned Bill Clinton’s Impeachment Into A Growth Hack
The reason we might all be using Netflix today could have a lot to do with a marketing stunt involving the grand jury testimony that got Bill Clinton impeached. Netflix’s wild bet on political scandal succeeded in almost every single way a story like this possibly could.
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?
The Eternal Revenue Stream Of Led Zeppelin
In the rapid-fire age of digital everything, with young listeners eager for discovery, the ground has shifted beneath record companies’ feet and catalog departments are being called upon to be hubs of innovation and fresh creativity.
The Economic Failure Of Venezuela
In terms of countries that had it easy Venezuela by all counts should be at the top of the list, it is home to the largest oil deposits in the world, easily beating out the typical oil giants like Saudi Arabia, Kuwait and the United Arab eremites. But they squandered it.
Inside Wisconsin’s Disastrous $4.5 Billion Deal With Foxconn
A huge tax break was supposed to create a manufacturing paradise, but interviews with 49 people familiar with the project depict a chaotic operation unlikely to ever employ 13,000 workers.
In South-East Asia, Grab And Gojek Bring Banking To The Masses
Both started with ride-hailing and expanded into other logistics businesses, such as deliveries and food-ordering. The story of two South-East Asian “deca-unicorns”—fintechs valued above $10bn—is usually told in terms of their rivalry.
Mapping America’s Stark Wage Inequality
One of the most important economic stories of the past couple of decades is the rise of economic inequality in the United States and around the world. Since 1980, economists say, wage growth for the highest-paid workers has been roughly triple that for the lowest paid. In some cities, the disparity is wider.
The Unraveling Of America
If and when the Chinese are ascendant, with their concentration camps for the Uighurs, the ruthless reach of their military, their 200 million surveillance cameras watching every move and gesture of their people, we will surely long for the best years of the American century.
Can $500 A Month Change Your Life?
A California-based experiment in universal basic income considers the mundane, and potentially transformative, power of a little extra cash. It’s not a new idea, dating as far back as Tudor England. Thinkers ranging from Martin Luther King Jr. to Milton Friedman have backed it.
Iceland’s Big Bitcoin Heist
With its cheap geothermal energy and low crime rate, Iceland has become the world’s leading miner of digital currency. Then the crypto-crooks showed up. The thieves weren’t robbing banks. They were stealing the presses that print digital money.
Is The Cruise Industry Finally Out Of Its Depth?
The question is whether the coronavirus will dent, deflect or alter what has been a phenomenon of our times, the many-times multiplication of ship sizes, of passenger numbers and of profits, generated by an industry that manufactures its own version of reality, then shapes the places that its ships visit in the image of that reality.
Online Streaming: Television’s Looming Car Crash
As the distribution model for entertainment is remade, a revolutionary ardour has seized the industry: the choice is to win the streaming battle against the likes of Netflix, or face commercial oblivion. The immediate result has been clear: more television than ever before. There were 496 scripted TV shows made in the US last year, more than double the 216 series released in 2010.