Printing’s Not Dead: The $35 Billion Fight Over Ink Cartridges
HP’s printer supplies business garnered $12.9 billion in sales last year, and the printer division overall represented 63% of the company’s profits. Here in the year 2020, proprietary ink cartridges remain important enough to spark a fight worth at least $35 billion.
The 8-Hour Workday Is A Counterproductive Lie
The eight-hour workday started its life as a socialist dream. “Eight hours labor, eight hours recreation, and eight hours rest”. There’s just one problem: It’s all but impossible to actually work for eight hours a day in the jobs so many of us now have.
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.
Credit Card Companies Are Tracking Shoppers Like Never Before
Transactions have given rise to a complex data-selling ecosystem. At the heart of it are credit card processing networks, including Visa, American Express, and Mastercard, the latter of which took in $4.1 billion in 2019 for services that include marketing analytics as well as fraud detection.
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 The Doomed Masa Son-Adam Neumann Relationship Set WeWork On The Road To Disaster
For Japanese billionaire Masayoshi Son, Neumann was the prodigal son he never had, with a wild-eyed vision to rival Son’s own. The inside story of how it all went wrong.
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?
Craft Beer Has A Diversity Problem
Dom Cook discovered craft beer by accident. A Bronx father searching for inspiration after the death of his infant son, he picked up The Search for God and Guinness, his eye drawn to “Search for God.” In 2017 Cook launched Beer Kulture, a lifestyle brand that welcomes black drinkers to the craft community.
Horror Stories From Inside Amazon’s Mechanical Turk
The workers of Mechanical Turk, Amazon’s on-demand micro-task platform, say they have encountered mutilated bodies, graphic videos of botched surgeries, and what appeared to be child pornography. They say they have been asked to transcribe Social Security numbers and other personal data.
The Lawyer Whose Clients Didn’t Exist
A well-known attorney helped land a $2 billion settlement for Gulf Coast seafood-industry workers after a BP oil rig 40 miles off the coast of Louisiana, had exploded. But who was he really representing?
The Great American Tax Haven: Why The Super-Rich Love South Dakota
Last year billionaire Sun Hongbin quietly transferred $4.5bn worth of shares in his Chinese real estate firm to a company on a street corner in Sioux Falls, South Dakota. Thanks to its relish for deregulation, the state is fast becoming the most profitable place for the mega-wealthy to park their billions.
The Four-Letter Code To Selling Just About Anything
As the father of industrial design, Raymond Loewy had an uncanny sense of how to make things fashionable. He believed that consumers are torn between two opposing forces: neophilia, a curiosity about new things; and neophobia, a fear of anything too new.
On Walkman’s 40th Anniversary, Sony Opens Retro Exhibition In Tokyo
Sony Corp. opened an exhibition Monday in Tokyo’s bustling Ginza district to mark the 40th anniversary of its signature Walkman. The handheld audio player debuted on July 1, 1979, offering portable music to ears across the world. In the years that followed, over 400 million units would be sold.
The World’s Tallest Water Slide Was a Terrible, Tragic Idea
At nearly 169 feet tall, Verrückt was taller than Niagara Falls. Riders flew down the world’s tallest water slide at 70 miles per hour, challenging the laws of physics. Then, on August 7, 2016, 10-year-old Caleb Schwab was decapitated on the ride. What went wrong to cause such a horrific tragedy?
The Diamond Cartel: History’s Greatest Monopoly
A cartel is a group of companies coming together to fix the price of a product. Like how major oil countries come together as the cartel OPEC, to fix the price of crude oil, except with a diamond. Once these locals catch on to how profitable the diamond trade is, they’ll started trading diamonds and smuggling it.
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 Curious Cultural Rise Of The Town That Gave Us Walmart
In 2011, Bentonville unveiled the Crystal Bridges Museum of American Art. It was the biggest art museum opening in America in almost 40 years, and it launched Bentonville — a rural community known only for Walmart — into the cultural spotlight overnight.
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.
Why Do We Work So Hard?
Work, in this context, means active, billable labour. But in reality, it rarely stops. It follows us home on our smartphones, tugging at us during an evening out or in the middle of our children’s bedtime routines. It becomes our lives if we are not careful. It becomes us.
My Summer Internship At Google Turned Me Off Silicon Valley Forever
Silicon Valley has much to offer the world. Life-altering technological innovations have been emerging from this region for years. But it’s not the place for me, a young queer Black woman who wants to do much more than work on ad software.
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.