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.
Mapping America’s Stark Wage Inequality
One of the most important economic stories of the past couple of decades is the rise of economic inequality in the United States and around the world. Since 1980, economists say, wage growth for the highest-paid workers has been roughly triple that for the lowest paid. In some cities, the disparity is wider.
The Doomsday Invention: Will Artificial Intelligence Bring Us Utopia Or Destruction?
Philosopher Nick Bostrom argues that true artificial intelligence, if it is realized, might pose a danger that exceeds every previous threat from technology—even nuclear weapons—and that if its development is not managed carefully humanity risks engineering its own extinction.
Why The Coming Foreclosure Crisis Will Look Nothing Like The Last One
A prominent housing analyst expects hundreds of thousands of defaults next year as mortgage forbearance periods end. At first glance, those projections look bad. On closer inspection, however, this round of foreclosures should be mild in comparison to the financial carnage of 2008 to 2010.
Inside The Apple Team That Decides Which Apps Get On iPhones
Before a developer can sell an app on the App Store, it must be approved by Apple’s app review team. The former head of App Store reviews discusses why apps get rejected, competition between Apple and developers, and planning for WWDC.
The Madness Of Airline Élite Status
When you fly a lot for work, as I do, you check your frequent-flier mile balance often, to provide data for competitive commiseration. Frequent fliers sometimes go to great lengths to keep their airline élite status, and those efforts are often completely out of proportion to the perks.
Uber Wars In Argentina
Since Uber arrived in Argentina in 2016, taxi drivers have come out in force, torching ride-share cars, beating drivers, and shaming passengers. There have been more than 1,041 fights — that have been reported to police, anyway.
The Apps On My Phone Are Stalking Me
Your location, your purchases, video and audio from within your home and office, your online searches and every digital wandering, biometric tracking of your face and other body parts, your heart rate and other vital signs, your every communication, recording, and perhaps your deepest thoughts or idlest dreams.
Who To Sue When A Robot Loses Your Fortune
The first known case of humans going to court over investment losses triggered by autonomous machines will test the limits of liability. A Hong Kong tycoon is going after the salesman who persuaded him to entrust his fortune to the supercomputer whose trades cost him more than $20 million.
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.
48 Hours In The Strange And Beautiful World Of TikTok
The video app offers an endless scroll of creativity and goofing off, told in 15-second snippets. What did five critics see when they went down the rabbit hole? Art, artistry and a lot of dancing.
Tech’s Most Controversial Startup Makes Drone-Killing Robots
Founded by Palmer Luckey and backed by Peter Thiel, Anduril is rekindling the connection between the American military and Silicon Valley. The company’s surveillance technology consists of large towers, packed with sensors, and small surveillance drones that can be set up to guard the perimeter.
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 Long-Forgotten Flight That Sent Boeing Off Course
It was May 2001. And Boeing’s leaders, CEO Phil Condit and President Harry Stonecipher, had decided it was time to put some distance between themselves and the people actually making the company’s planes. How much distance? This flight—a PR stunt to end the two-month contest for Boeing’s new headquarters—would reveal the answer.
The Price Of Plenty: How Beef Changed America
Exploitation and predatory pricing drove the transformation of the US beef industry – and created the model for modern agribusiness. The industrial slaughterhouse was a triumph of human ingenuity as well as a site of brutal labor exploitation.
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.
Is Technology Scrambling My Baby’s Brain?
During the first two years of a baby’s life, its brain triples in weight, marking a period of explosive growth that will never be matched again in its life. Those early years are a crucial time for mental development, setting the foundation for adulthood.
The Decade Disney Won
The control Disney has on pop culture is kind of terrifying. Marvel’s superhero movies and Star Wars are two of—if not the—biggest franchises in the world. Add those to Pixar’s beloved library of films and its own perennially popular movies, and Disney is effectively in charge of what people watch.
The Radical Possibilities Of Not Paying Your Student Loans
For the millions of former students struggling to make their monthly payments, debt was sold to us as the cost of a better life. A growing movement poses the question: We have the numbers, so what if we just stopped?
How Online Shopping Makes Suckers Of Us All
Will you pay more for those shoes before 7 p.m.? Would the price tag be different if you lived in the suburbs? Standard prices and simple discounts are giving way to far more exotic strategies, designed to extract every last dollar from the consumer.
When The iPhone Nearly Killed A Nation
Nokia dominated the first decade of the cellphone boom, becoming a beloved brand around the world and pumping billions of dollars into the Finnish economy. Then, along came Steve Jobs and his iPhone in 2007 and ruined everything. Tens of thousands of jobs were lost. Nokia sold its phone business to Microsoft. And Finns took a serious hit to their country pride.