Inside The Dark, Lucrative World Of Debt Collection
A dizzying array of variables affects a portfolio of debt’s true potential — the age of the debt, how many agencies have tried to collect on it, the size of the balances, the type of credit card, where the debtors live and the current economic climate.
In Venezuela’s Economic Crisis, Bitcoin Is a Lifeline
Faced with hyperinflation, a worthless local currency and a risky black market for dollars, Venezuelans are increasingly turning to bitcoin as a tool for survival in the world’s worst-performing economy.
Tourism Is Eating The World
The number of international tourist arrivals has been increasing more or less exponentially since the mid-20th century, and totaled about 1.4 billion in 2018. Europe has seen the biggest share, but the Asia-Pacific region is growing fast.
Why Perfect Grades Don’t Matter
Research shows that chasing after perfect grades discourages creativity and reduces academic risk-taking. The constant quest for perfect grades can lead to high stress and mental health problems. Here’s why good grades don’t always translate into success in life.
The Strange & Curious Tale Of The Last True Hermit
For nearly thirty years, a phantom haunted the woods of Central Maine. Unseen and unknown, he lived in secret, creeping into homes in the dead of night and surviving on what he could steal. To the spooked locals, he became a legend—or maybe a myth. They wondered how he could possibly be real.
I Stumbled Across A Huge Airbnb Scam That’s Taking Over London
As the short-term rental goldrush gathers pace, Airbnb empires are being rapidly scaled and monetized. This is the curious tale of a man called Christian, the Catholic church, David Schwimmer’s wife, a secret hotel and an Airbnb scam running riot on the streets of London.
To Control Your Life, Control What You Pay Attention To
One of the best insights on what true productivity means in the 21st century dates back to 1890. In his book The Principles of Psychology, Vol.1, William James wrote a simple statement that’s packed with meaning: “My experience is what I agree to attend to.”
Hangover Inc.: The Companies Getting You Over Last Night
Once a hush-hush luxury for the quietly-pampered, banana bags outside the hospital are hitting the mainstream. Nurses stand ready to provide intravenous care to the dehydrated, alcoholically and otherwise, in their homes and hotel rooms, at walk-in centers and on a hangover bus for special events.
Are Stem Cell Treatments A Type Of Miracle Cure Or Snake Oil?
Stem cells have taken on a mythic promise in the eyes of many who are ailing and desperate. But a new crop of treatments might be nothing more than costly placebos—or possibly dangerous.
Rising Tides, Troubled Waters: The Future Of Our Ocean
Ninety percent of the large fish that were here in the 1950s are now gone. One metric ton of plastic enters the ocean every four seconds. But the biggest problem, thanks largely to our insatiable appetite for fossil fuels, is that the ocean is heating up fast.
Golden Dawn: The Rise And Fall Of Greece’s Neo-Nazis
A decade ago, violent racists exploited a national crisis and entered mainstream politics in Greece. The party has since been caught up in the biggest trial of Nazis since Nuremberg, and is now crumbling – but its success remains a warning.
The Man Who’s Going To Save Your Neighborhood Grocery Store
American food supplies are increasingly channeled through a handful of big companies: Amazon, Walmart, FreshDirect, Blue Apron. What do we lose when local supermarkets go under? A lot — and Kevin Kelley wants to stop that.
Faith, Friendship, And Tragedy At Santa Fe High
Sabika Sheikh, a Muslim exchange student from Pakistan with dreams of changing the world, struck up an unlikely friendship with an evangelical Christian girl. The two became inseparable—until the day a fellow student opened fire.
How All Our Tech Heroes Turned Into Tech Villains
Tech giants and their leaders have come to dominate public discourse in a way that few other industries have. They’ve unleashed products that are basically indispensable in modern life. Mark Zuckerberg, Jeff Bezos, and Elizabeth Holmes all promised game-changing improvements on American life. What happened?
The Dark Secrets Lurking Inside Your Outdoor Gear
Allegations of abuse have surfaced at Bangladeshi and Malaysian factories whose multinational owner manufactures for some of the most popular outdoor brands we love. Here’s why that should surprise no one.
The Hollywood Con Queen
She tormented studio executives, actors, makeup artists, security guys, photographers, screenwriters, athletes, even bobsledders and scuba divers for years—until corporate investigator Nicoletta Kotsianas was put on the case.
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 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.
Nashville Wants To Be The Next Austin, But Tennessee Won’t Make It Easy
The city has sought to position itself as more affordable but no less hip than Austin, Denver, or Portland, Ore. Business interests in the state capital have held off a slew of anti-LGBT bills that seemed poised to become law.
Why US Economists Are Obsessed With ‘Japanification’
Economists are terrified of how slow growth, low inflation and low interest rates could hit the economy. The Financial Times’ US economics editor Brendan Greeley explains why.
The Pandemic Will Reduce Inequality—Or Make It Worse
A recession is no picnic. A financial crisis leaves wounds that last for decades. A pandemic, though, can sow a unique kind of chaos. The rich got even richer after the Great Recession, but the Great Depression changed the social order.