Nine Trillion Dollars: Global Trade Hi-Jacked By Criminals
Global Financial Integrity (GFI) analysts have identified a global trade ‘value gap’ of $8.8 trillion between what states declare as the value of trades with other countries – and what their trade partners declare for the same deals.
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 Secret Behind Coca-Cola’s Marketing Strategy
Coca-Cola is the biggest non-technology company in the world. Originally only selling 7 servings a day, the company has grown slightly, at an estimated rate of more than 1.9 billion servings a day. What’s the secret behind their success?
Jeff Pike, Texas’s Own Tony Soprano
Jeff Pike, the head of the infamous Texas-based Bandidos motorcycle club, went on trial in federal court for racketeering. Prosecutors called him a ruthless killer, the man behind one of the deadliest biker shootouts in American history at the Twin Peaks restaurant in Waco. Pike, however, said he was just a good family man.
Minimum Wage: A Life Full Of Difficult Choices
Despite Ontario’s recent minimum wage increase, workers are still struggling to make ends meet. Even for those who have full-time jobs, earning minimum wage means they have to make a lot of difficult choices.
Operation Encore And The Saudi Connection: A Secret History Of The 9/11 Investigation
Behind the scenes, a small team of FBI agents spent years trying to solve a stubborn mystery — whether officials from Saudi Arabia, one of Washington’s closest allies, were involved in the worst terror attack in U.S. history. This is their story.
The Hijacking of the Brillante Virtuoso
A mysterious assault.An unsolved murder. And a ship that hasn’t given up all its secrets. This is the story of the hijacking of the Brilliante Virtuoso in the Gulf of Aden in July 2011.
New York City Paid McKinsey Millions To Stem Jail Violence. Instead, Violence Soared.
In April 2017, partners from McKinsey sent a confidential report to the New York City corrections commissioner. The report recounted that McKinsey had tested its new anti-violence strategy in what the firm called “Restart” housing units at Rikers. Violence had dropped more than 50% in the Restart facilities. The number was bogus.
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.
The Rail Industry’s Secret, Decades-Long Fight Against The Climate
For nearly 30 years, America’s four biggest rail companies—which move the majority of the country’s coal—have spent millions to deny climate science and block climate policy. They have joined or funded groups that attacked individual scientists and rejected reports from major scientific institutions.
Why Green Energy Finally Makes Economic Sense
Renewable energy is now comparable with the cost of building new coal and nuclear capacity. Existing, older power plants already have the capital investment sunk, so they are cheaper — but, in the case of South Africa at least, many of these plants are reaching retirement ages.
They Tried To Save The Lives Of Immigrants Fleeing Danger. Now They’re Facing Prosecution.
On the afternoon of Jan. 17, 2018, immigration agents descended on a building on the outskirts of Ajo known to be a staging area for aid workers. The agents bundled Scott Warren, an aid worker, into a vehicle and drove to the Ajo Border Patrol station. The next day, he was driven two hours to Tucson, where he was charged with three felony counts.
How The Environmental Lawyer Who Won A Massive Judgment Against Chevron Lost Everything
Few news outlets covered the detention of Steven Donziger, who won a multibillion-dollar judgment in Ecuador against Chevron over the massive contamination in the Lago Agrio region and has been fighting on behalf of Indigenous people and farmers there for more than 25 years.
The Rise And Fall Of Pan Am
Pan Am was once the largest international airline in the US. In 1970 alone, it carried 11 million passengers to 86 countries worldwide. But after 60 years of flight, decades of financial turbulence, and a devastating terrorist attack above the skies of Lockerbie, Scotland, Pan Am went bust.
Mathematicians Have Solved Traffic Jams, And They’re Begging Cities To Listen
Traffic modeling is a complex branch of applied mathematics, partially because it assumes that drivers are selfish and pursuing their own goals, rather than any predictable or shared efforts.
The Spectacular Rise And Fall Of WeWork
In less than one year, WeWork went from having a $47 billion valuation and being the darling of the venture capital world to needing an $8 billion infusion to avoid running out of money. This is the story of Adam Neumann, Softbank’s risky investment, a failed IPO and how we got here.
The Economist With A Radical Plan To Solve Wealth Inequality
Thomas Piketty’s 753-page book “Capital in the Twenty-First Century”, published in 2013, sold 2.5 million copies worldwide and helped put inequality on the global agenda. But his latest, the even thicker “Capital and Ideology”, may prove still more influential.
Larry Krasner’s Lonely, Radical Crusade To Solve America’s Gun Problem
Unlike traditional prosecutors, Krasner does not measure success by accumulating convictions and toting up lengthy prison sentences. Instead, he has promised to address abuses by the criminal justice system and imprison fewer people for less time. And he thinks all of that can drive down gun crime.
The Spider’s Web: Britain’s Second Empire
Michael Oswald’s film The Spider’s Web reveals how at the demise of empire, City of London financial interests created a web of secrecy jurisdictions that captured wealth from across the globe and hid it in a web of offshore islands. Today, up to half of global offshore wealth is hidden in British jurisdictions.
Use A ‘Fake’ Location To Get Cheaper Plane Tickets
I can’t explain airline pricing but I do know some plane tickets can be cheaper depending on where you buy them or, even better, where you appear to buy them from. This is all about leveraging foreign currencies and points-of-sale to your advantage.
Why Aren’t Millennials Buying Homes?
In the UK, only one in four middle-income millennials are on the housing ladder. Twenty years ago, 65% of this group owned homes. What’s changed? Is it possible to buy a house without help? And with more people privately renting, what are the implications for starting families, retirement and society at large?