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.
What The Psychedelic Drug Ayahuasca Showed Me About My Life
For four consecutive nights, a group of 78 of us here at a retreat center in Costa Rica have been drinking a foul-tasting, molasses-like tea containing ayahuasca, a plant concoction that contains the natural hallucinogen known as DMT.
Silicon Valley’s #MeToo Moment Didn’t Change Anything
Despite tech’s reckoning with equality over the past few years, the industry’s storied history of inequality carries on. A small sampling: Only 11% of executive positions in Silicon Valley are held by women, and women make up only 9% of partners at the top 100 venture capital firms.
Catholic Leaders Promised Transparency About Child Abuse. They Haven’t Delivered.
After decades of shielding the identities of accused child abusers from the public, many Catholic leaders are now releasing lists of their names. But the lists are inconsistent, incomplete and omit key details.
Setting A Maximum Wage For CEOs Would Be Good For Everyone
A limit would help to slow the growth of economic inequality and prevent reckless risk-taking by CEOs who otherwise might feel motivated to try to drive up the stock price of their company and therefore their bonus.
The Day Australia Burned
Months of drought and high temperatures pushed the country to one of its worst-ever wildfire seasons. On New Year’s Eve the terrified citizens of New South Wales saw a glimpse of Australia’s new future.
Inside The Most Watched YouTube Channel In The World
India’s T-Series built an online empire from Bollywood. Now it has to survive Netflix. Bhushan Kumar argues that T-Series has no reason to fear this invasion, and not just because it sits behind a moat filled with more than 200 million YouTube subscribers.
This Company Hired Anyone Who Applied. Now It’s Starting A Movement
Greyston Bakery uses a practice of open hiring: filling positions on a first-come, first-served basis, no questions asked. Now it wants to teach other companies how to do the same. Open hiring creates a pipeline for careers on the bakery’s manufacturing floor and throughout the rest of the company’s operations.
The Quest For Ancestral Riches That May Not Exist
Videos of men riffling through documents are meant to offer proof that thousands of people from a Dominican family, the Rosarios, are the heirs to a multibillion-dollar fortune they believe resides mainly in Credit Suisse’s vaults and those of Banco Santander SA in Spain.
New IKEA Store In Vienna Omits Parking And Celebrates Nature
The querkraft-designed IKEA store in Vienna seeks to create a friendly, open, unconventional, and informal experience for users. The new building will be situated in an urban setting, and with no allotted parking, customers are expected to arrive by means of public transportation.
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 Dark Side Of Electronic Waste Recycling
Electronics can be hazardous when disposed of improperly, and the Basel Action Network, or BAN, investigates the underground world of the e-waste trade. The nonprofit group secretly embeds trackers in discarded devices, then hands them to recyclers to see where they end up, exposing bad practices in the process.
How A Volcano In Hawaii Became A Battleground For Astronomy
Native Hawaiians are protecting the mountain of Maunakea, at the heart of Hawaii’s Big Island, from the construction of the Thirty Meter Telescope (TMT) at its summit, where the facility would join venerable observatories like the twin Keck domes and NASA’s Infrared Telescope Facility.
The Economy Of Italy, Has The Luck All Run Out?
Once the seat of the roman empire, it is now home to a surprisingly robust yet temperamental economy. The economy of Italy followed a path very similar to that of Germany’s all be it with a little more flamboyancy which has found them where they are today.
How Half A Tonne Of Cocaine Transformed The Life Of An Island
In 2001, a smugglers’ yacht washed up in the Azores and disgorged its contents. The island of São Miguel was quickly flooded with high-grade cocaine – and nearly 20 years on, it is still feeling the effects.
One Woman’s Instagram-Fueled Ascent To ‘Boss Lady Status’
For New Orleans entrepreneur Jesseca Dupart, social media isn’t just a tool for building her business—it’s a platform for inspiring other black women to do the same. She started as a simple hair salon in 2012, now her beauty products are available in stores in every state, as well as Canada, the Caribbean, and the UK.
Donald Trump’s Worst Deal
The President helped build a hotel in Azerbaijan that appears to be a corrupt operation engineered by oligarchs tied to Iran’s Revolutionary Guard. The Trump Tower Baku never opened.
The Highly Unusual Company Behind Sriracha, The World’s Coolest Hot Sauce
David Tran, CEO of Huy Fong Foods, shuns publicity, professes not to care about profits, hardly knows where his sauces are sold, and probably leaves millions of dollars on the table every year.
The Wonder Drug for Aging, Made From One of the Deadliest Toxins on Earth
Botox is derived from a toxin purified from Clostridium botulinum, a bacterium that thrives and multiplies in faultily canned food. The botulinum toxin is so powerful that a tiny amount can suffocate a person by paralyzing the muscles used for breathing. That’s part of what protects Allergan’s $2.8 billion Botox empire.
Key Change: How A Shifting Climate Is Transforming Florida
Rahawa Haile grew up surrounded by the beauty and kitsch of South Florida. Now she returns and wonders what happens when the places we love start to disappear.
Life Under The Algorithm
Increase your output, get paid more. Wages go up with productivity. Until, it turns out, they don’t anymore. The unwinding of this agreement in recent decades, such that workers must continue to produce more without expecting it to show up in their pay stubs, has now been the subject of a good deal of discussion and debate.