If Everyone Hates Spirit Airlines, How Is It Making So Much Money?
Spirit borrowed the unbundling model from Ryanair and AirAsia. Instead of thinking of a flight as a means of getting from point A to point B plus a certain set of extras and amenities built into the ticket price, an unbundled fare promised nothing more than the get-you-from-A-to-B part. Everything else would cost extra.
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.
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.
Sunday Night Is the New Monday Morning, and Workers Are Miserable
Like many bosses, Chris Mullen found the final hours of the weekend ideal for decluttering an unruly inbox, sharing stray thoughts with staff on projects and requesting status updates to prep for the week. His colleagues felt otherwise.
Cryptoqueen: How This Woman Scammed The World, Then Vanished
Ruja Ignatova called herself the Cryptoqueen. She told people she had invented a cryptocurrency to rival Bitcoin, and persuaded them to invest billions. Then, two years ago, she disappeared. Jamie Bartlett spent months investigating how she did it and trying to figure out where she’s hiding.
Offices Can Be Hell For People Whose Brains Work Differently
Work spaces today come with strong smells, harsh light, lots of chatter, and constant messages on email or Slack. For neurodivergent people, this can be a big ask.
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.
How Philadelphia Became The One And Only Cream Cheese
There is only one cream cheese, and that is the brick-shaped silver package with the bright blue lettering: Philadelphia. Philadelphia cream cheese’s dominance isn’t a happy accident. Its cult popularity is likely the result of equal parts clever marketing and good timing.
The Diabolical Genius Of The Baby Advice Industry
Every baffled new parent goes searching for answers in baby manuals. But what they really offer is the reassuring fantasy that life’s most difficult questions have one right answer. While there might indeed be one right way to do things, you will never get to find out what it is.
The Small Virginia Town Where Drone Deliveries Have Begun For Real
Wing, a subsidiary of Google, chose Christiansburg (population 22,500) as its first launching site for American commercial drone delivery operations — it’s also testing in Australia and Finland — not only because of the relatively flat terrain and low population density, but because of nearby Virginia Tech University.
How Big Oil And Big Soda Kept A Global Environmental Calamity A Secret For Decades
With new legislation, Sen. Tom Udall is attempting to marshal Washington into a confrontation with the plastics industry, and to force companies that profit from plastics to take accountability for the waste they create. Big Plastic isn’t a single entity. It’s more like a corporate supergroup: Big Oil meets Big Soda.
How To Work From Home Without Losing Your Mind
Working from home has its perks. You’re always there to accept deliveries. You can play whatever music you want as loudly as you want. You don’t have to abide the loud chewing or ungracious smells of your colleagues. But you also have to contend with the Scylla and Charybdis of isolation and distraction.
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.
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.
How Global Trade Runs On U.S. Dollars
Nearly 90% of international transactions in 2019 were in U.S. dollars, giving the U.S. extraordinary power over nearly every entity that imports or exports anything anywhere. Here’s how the global economy runs on the U.S. dollar — and why some countries are trying to chip away at its dominance.
How The 0.001% Invest
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.
How Ring Went From ‘Shark Tank’ Reject To America’s Scariest Surveillance Company
Amazon’s Ring started from humble roots as a smart doorbell company called “DoorBot.” Now it’s surveilling the suburbs and partnering with police. Although there’s no credible evidence that Ring actually deters or reduces crime, claiming that its products achieve these things is essential to its marketing model.
The Day The Pirates Came
For Sudeep Choudhury, work on merchant ships promised adventure and a better life. But a voyage on an oil tanker in West Africa, in dangerous seas far from home, would turn the young graduate’s life upside down. His fate would come to depend on a band of drug-fuelled jungle pirates – and the whims of a mysterious figure called The King.
The Forgotten History Of How Automakers Invented The Crime Of “Jaywalking”
If there’s traffic in the area and you want to follow the law, you need to find a crosswalk. And if there’s a traffic light, you need to wait for it to change to green. Fail to do so, and you’re committing a crime: jaywalking. It’s the result of an aggressive, forgotten 1920s campaign led by auto groups and manufacturers.
How Boeing Crashed: The Inside Story Of The 737 Max
Boeing used to represent the gold standard in aircraft safety, but critics say it has lost its way in the pursuit of profit. We tell the story of two fatal crashes involving the 737 Max 8 jet: the Ethiopian Airlines crash last March that killed 157 people and the Lion Air disaster in October 2018 that killed all 189 on board.
Can Mission-Driven Food Companies Scale Up Without Selling Out?
When just 10 companies—including Nestlé, Unilever, and General Mills—control the vast majority of food brands, it raises serious questions about the ability of mission-driven companies to hold on to their original intentions.