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 Data That Turned The World Upside Down
How Cambridge Analytica used your Facebook data to help the Donald Trump campaign in the 2016 election. A then little-known British company sent out a press release: “We are thrilled that our revolutionary approach to data-driven communication has played such an integral part in President-elect Trump’s extraordinary win.”
The Ticking Time Bomb In America’s Downtowns
The sad state of office buildings could cause something called the “doom loop.” $1.5 trillion in commercial real estate debt, is owed to banks, pension funds, and insurance companies before the end of 2025, and secured by properties that may not be worth what they were five or 10 years ago when those loans got made.
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.
How The Killing Of An Abusive Father By His Daughters Fuelled Russia’s Culture Wars
News of the killing of three teenage sisters quickly spread across Russia, and in the months that followed, the country was divided over what drove the sisters to kill their own father. It inspired a campaign for change – and a backlash from the patriarchy.
What Happened To American Childhood?
The percentage of 12-to-17-year-olds who had experienced a major depressive episode in the previous year shot up from 8 percent to 13 percent. Among girls, the rate was even higher; in 2017, one in five reported experiencing major depression. Here’s what we can do about it.
How A Hot $100 Million Home Design Startup Collapsed Overnight
The untold story of how Homepolish’s extremely Instagrammable house of cards came tumbling down. Instead of building a design juggernaut, the founder constructed something much more precarious — a fear-based culture where sound strategy couldn’t flourish, and where the pressure to grow led to reckless decision-making.
The Heart Of Today’s Billion-Dollar Sneaker-Collecting Boom Is 35 Years Old
Nowadays, sneakers aren’t just for wearing. They’re an asset class, on display at museums, and fueling an increasingly profitable resale market. Much of that traces back to Nike putting a superstar rookie’s name on a new pair of kicks in 1985.
Welcome To Retirement: Lindsey Vonn Confronts Life After Skiing
Vonn is a three-time Olympic medalist with 82 World Cup golds, an internationally renowned comeback artist, and one of the most dominant American athletes of a generation. She is also no longer skiing. So what will she do next?
Lives Adrift In A Warming World
If the Earth’s average temperature increases 2 degrees Celsius by the year 2100, humankind will see catastrophic changes. For millions of people, this extreme warming is already reality, in places like Qatar, Colorado and Angola. And Aaliyah, at the age of 9, has become a climate refugee in Newtok, Alaska.
The Case Against Boeing
In the wake of the 737 MAX disasters, caused by a software feature, Boeing and regulators initially placed blame on the planes’ pilots. Since Samya Stumo’s death in a 737 MAX crash, her parents and her great-uncle, Ralph Nader, have devoted themselves to proving that the company put profit over safety.
The World’s Biggest Electric Vehicle Company Looks Nothing Like Tesla
BYD Co. is the No. 1 producer of plug-in vehicles globally, attracting a tiny fraction of the attention of Elon Musk’s company while powering, to a significant extent, a transition to electrified mobility that’s moving faster in China than in any other country.
The Girl In The Box: The Mysterious Crime That Shocked Germany
After class on Tuesday 15 September 1981, the first day of the new school year, a 10-year-old girl named Ursula Herrmann returned to her house in Eching. She never arrived. So began one of Germany’s most notorious postwar criminal cases, which remains contentious to this day.
Japan’s Yakuza: Inside The Syndicate
With at least 50,000 members, Japan’s Yakuza gangs form one of the world’s largest criminal networks. Anton Kusters, a Belgian photographer, was allowed a rare glimpse inside a Yakuza family in early 2009. He documented the family for two years.
Satanic Panic In Rural Canada
It was the spring of 1992 in the small town of Martensville. Rumours were spreading that a local family were members of a secret satanic cult, abusing children at their home daycare and at a property outside of town. A horde of devil worshippers was allegedly on its way, looking to attack in the dead of night.
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.
What Happens When Immigrant-Rights Advocates Reach A Breaking Point?
There has arguably never been a worse time to be an asylum seeker in the United States. This is due, in part, to an administration that has taken a xenophobic approach to immigration, with an openly hostile stance toward asylum seekers and their advocates.
How McKinsey Destroyed The Middle Class
Consultants seek to legitimate both the job cuts and the explosion of elite pay. Rather than simply improving management, to make American corporations lean and fit, they fostered hierarchy, making management, in David Gordon’s memorable phrase, “fat and mean.”
The Way We Work Is Killing Us
In the United States, workers work among the longest, most extreme, and most irregular hours; have no guarantee to paid sick days, paid vacation, or paid family leave; and pay more for health insurance, yet are sicker and more stressed out than workers in other advanced economies.
How Under Armour Lost Its Edge
Once heralded as the next Nike, the sportswear giant has been hurt by slumping sales and unflattering revelations about its corporate culture. It is grasping for a hold in the fiercely competitive sports apparel market even as it undergoes the biggest management shift in its history.
Your Plastic Addiction Is Bankrolling Big Oil
As the world transitions slowly but surely away from fuel-guzzling cars, gas-powered buildings, and coal-fired power plants, fossil fuel company execs must count on growth that comes from somewhere else—and they see their savior as plastics.