The Big China Short
Researchers had a hunch that Luckin Coffee, China’s fast-growing challenger to Starbucks and a company traded in the U.S. stock market, was falsifying financial statements to exaggerate its sales. A few months later, an anonymously written 89-page report landed on Wall Street and leveled one of China’s hottest startups.
Why Are Hardcover Books Published Before Paperbacks?
Despite their popularity, it’s still impossible to find paperback versions of many new books when they debut. It’s a common practice among publishers to release new titles as hardcovers and publish the paperback edition about a year after the initial print run.
How Netflix Turned Bill Clinton’s Impeachment Into A Growth Hack
The reason we might all be using Netflix today could have a lot to do with a marketing stunt involving the grand jury testimony that got Bill Clinton impeached. Netflix’s wild bet on political scandal succeeded in almost every single way a story like this possibly could.
‘It’s Been Hell’: Inside The Town Where Trumpers Are Building A Private Wall
Either as a demonstration of loyalty to the president or, in the case of one developer, a bid for lucrative government contracts, some private citizens are furiously erecting their own barriers along the Southwest border. The latest iteration, the three-and-a-half-mile Rio Grande Valley wall, is now nearly complete.
The ‘Hidden Mechanisms’ That Help Those Born Rich To Excel In Elite Jobs
Sociologists Daniel Laurison and Sam Friedman have uncovered a striking, consistent pattern in data about England’s workforce: Not only are people born into working-class families far less likely than those born wealthy to get an elite job—but they also, on average, earn 16 percent less in the same fields of work.
The Failure Of The Forever 21 Empire
If Forever 21 survives, it will be with fewer stores, fewer employees, and more manageable ambitions. But that more modest future likely depends on the Changs giving up control. If they don’t, Forever 21 may not have much of a future at all.
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 World’s Oldest Winery in Armenia
The Areni-1 complex, uncovered in 2007, contains a 6,100-year-old winery replete with fermenting vats, a grape press, and subterranean clay storage vessels. Altogether, it’s the best-preserved archeological site in the ongoing search for winemaking’s birthplace.
The Trillion-Dollar Auction To Save The World
Ocean creatures soak up huge amounts of humanity’s carbon mess. Should we value them like financial assets? Governments could confer legal rights on nature, effectively giving ecosystems the right to sue for damages—and incentivizing polluters to not damage them.
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.
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.
The Eternal Revenue Stream Of Led Zeppelin
In the rapid-fire age of digital everything, with young listeners eager for discovery, the ground has shifted beneath record companies’ feet and catalog departments are being called upon to be hubs of innovation and fresh creativity.
The Great Wall Street Housing Grab
Wall Street’s latest real estate grab has ballooned to roughly $60 billion, representing hundreds of thousands of properties. In some communities, it has fundamentally altered housing ecosystems in ways we’re only now beginning to understand, fueling a housing recovery without a homeowner recovery.
How The English Language Is Taking Over the Planet
English is everywhere, and everywhere, English dominates. From inauspicious beginnings on the edge of a minor European archipelago, it has grown to vast size and astonishing influence. Almost 400m people speak it as their first language; a billion more know it as a secondary tongue. Is there any point in resisting?
The Shocking Rape Trial That Galvanised Spain’s Feminists – And The Far Right
The ‘wolf pack’ case inspired widespread anger and protests against sexual assault laws in Spain. The case had been a moment of reckoning, which laid bare a deep culture of misogyny in Spanish society. But the anti-feminist backlash that followed has helped propel the far-right to its biggest gains since Franco.
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.
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.
How Much Is A Human Life Actually Worth?
As a society we have historically been willing to incur costs to save lives. Government forces carmakers to reduce air pollution to help people with asthma, and the price of cars goes up. Laws prevent factories from polluting to save fisheries, and goods cost more. But that kind of tradeoff clearly has limits.
Why We Fell For Clean Eating
The oh-so-Instagrammable food movement has been thoroughly debunked – but it shows no signs of going away. The real question is why we were so desperate to believe it.
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.
Google Search Results Have More Human Help Than You Think, Report Finds
Google’s increasingly hands-on approach to search results, which has taken a sharp upturn since 2016, marks a shift from its founding philosophy of ‘organizing the world’s information’ to one that is far more active in deciding how that information should appear.