The Radical Plan To Save The Planet By Working Less
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?
Big Tech Takes Aim At The Low-Profit Retail-Banking Industry
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.
How Rwanda Is Becoming The Singapore Of Africa
Rwanda is now the 15th fastest growing economy in the world as its government has set out a clearly defined mission—they want to become the Singapore of Africa. To understand what this means, though, you have to understand what Singapore is.
The Time I Sabotaged My Editor With Ransomware From The Dark Web
When I started shopping around for my ransomware service, the community was still grieving GandCrab. GandCrab wasn’t the first Ransomware As A Service (RaaS) but its overwhelming success had demonstrated the model’s commercial potential.
How Online Shopping Makes Suckers Of Us All
Will you pay more for those shoes before 7 p.m.? Would the price tag be different if you lived in the suburbs? Standard prices and simple discounts are giving way to far more exotic strategies, designed to extract every last dollar from the consumer.
The History Of George Laurer And The Barcode
A 67 cent packet of gum has ballooned into an enormous industry, and five billion barcodes are scanned each and every day. But how did we get to this point, and who was responsible for the UPC barcode?
What Happened When Tulsa Paid People To Work Remotely
Traditionally, cities looking to spur their economies may offer incentives to attract businesses. Tulsa is testing out a new premise: Pay people instead. The first class of hand-picked remote workers moved to Tulsa in exchange for $10,000 and a built-in community. The city might just be luring them to stay.
Living In Switzerland Ruined Me For America And Its Lousy Work Culture
Long commute, full-time, no benefits. No way, I thought. Who would want to do that? And then it hit me: Either I had become a completely privileged jerk or my own country was not as amazing as I had once thought it to be. This wasn’t an unusually bad offer: It was just American Reality.
Silicon Valley’s #MeToo Moment Didn’t Change Anything
Despite tech’s reckoning with equality over the past few years, the industry’s storied history of inequality carries on. A small sampling: Only 11% of executive positions in Silicon Valley are held by women, and women make up only 9% of partners at the top 100 venture capital firms.
The Long-Forgotten Flight That Sent Boeing Off Course
It was May 2001. And Boeing’s leaders, CEO Phil Condit and President Harry Stonecipher, had decided it was time to put some distance between themselves and the people actually making the company’s planes. How much distance? This flight—a PR stunt to end the two-month contest for Boeing’s new headquarters—would reveal the answer.
How Air Conditioning Created The Modern City
The shopping mall would have been inconceivable without air conditioning, as would the deep-plan and glass-walled office block, as would computer servers. The expansion of tract housing in postwar suburban America relied on affordable domestic air conditioning units.
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.
How Being A Workaholic Differs From Working Long Hours
An HBR survey found that work hours were not related to any health issues, while workaholism was. Specifically, employees who worked long hours, but who did not obsess about work, did not have increased levels of RMS and reported fewer health complaints than employees who demonstrated workaholism.
The Fraught Business Of Removing And Selling Street Art Murals
Sales of street art murals in general are divisive. Artists often object to the transformation of a work they created for public enjoyment into an art object to be bought and sold. Banksy mural sales in particular attract protest.
The Super-Rich Are Being Scammed On Their Private Jets
Five grand for mystery sushi. Seven for plastic cups. And more fuel than the plane could possibly hold. Such are the deceptions stinging the billionaires and mere millionaires of today’s private jet-set class. In an era of ultra-wealth, reports of shady billing related to private-jet travel are on the rise.
What It Really Costs To Own Or Charter A Private Jet
One of the ultimate symbols of luxury and affluence is private jet travel. An experienced bizjet pilot breaks down the industry, the costs, who can really justify such an expensive luxury, and why.
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.
How One Company You’ve Never Heard Of Swallowed Tens Of Thousands Of Text Messages — Then Spit Them Back Out
People woke up to strange text messages from friends and loved ones. The messages had actually been sent months earlier, on Valentine’s Day, but had been frozen in place by a glitched server and were only shot out when the system was finally fixed nine months later.
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 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.