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.
Collision Course: Why Are Cars Killing More And More Pedestrians?
For drivers, roads are safer than ever – but for people on foot, they are getting deadlier. In 2018, 41% more US pedestrians were killed than in 2008. Car companies and Silicon Valley claim that they have the solution. But is that too good to be true?
How Slack Ruined Work
Slack is a particularly “scary offender” in stopping people getting their work done because it encourages them to be constantly distracted. It’s scary because messenger-based systems directly tap into how humans seek to reward themselves, and the long term result is unhealthy.
Inside China’s Massive Surveillance Operation
Xinjiang, northwest China, is in a state of surveillance lockdown. Every message, word and movement is monitored for its extremist potential. A million Uyghur muslims are being held in concentration camps.
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 Outsize Influence Of Your Middle-School Friends
The ability to make and keep even one close friend has been seen as vital to children’s well-being for more than half a century. What has changed is that we now understand at a biological and even evolutionary level why that is so.
How A Good Scam Can Bypass Our Defences
Scammers exploit cognitive errors, like “optimism bias.” Most people think they’re a little bit charmed, a little luckier than average. We harbour a personal fable that things are likely to go well for us.
China Aims To Launch The World’s First Official Digital Currency
Dozens of central banks have started looking at whether to issue digital currencies. But only a few have run trials and none has gone as far as China, which appears set to become the first country to put a central-bank digital currency (cbdc) into limited use.
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.
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.
How Our Definition Of Middle Class Has–And Hasn’t–Changed In 100 Years
Some of the cultural markers associated with the middle class–like education–have shifted. But its aspirations? Not so much.
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?
The Pentagon’s Push To Program Soldiers’ Brains
The military wants future super-soldiers to control robots with their thoughts. The mission is to make human beings something other than what we are, with powers beyond the ones we’re born with and beyond the ones we can organically attain.
Millennials Don’t Stand A Chance
Millennials entered the workforce during the worst downturn since the Great Depression. They are now entering their peak earning years in the midst of an economic cataclysm more severe than the Great Recession. They will be the first generation in modern American history to end up poorer than their parents.
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.
The Secret Rules Of The Internet
Many US-based companies continue to consign their moderators to the margins, shipping their platforms’ digital waste to “special economic zones” in the Global South. The murky history of moderation, and how it’s shaping the future of free speech.
At War With The Thruth
A confidential trove of government documents obtained by The Washington Post reveals that senior U.S. officials failed to tell the truth about the war in Afghanistan throughout the 18-year campaign, making rosy pronouncements they knew to be false and hiding unmistakable evidence the war had become unwinnable.
New Earth Surveillance Tech Is About to Change Everything, Including Us
New high-resolution satellites, AIs, and data tools are going to let us study Earth, and ourselves, in greater detail than ever before. That’s going to come with “unthinkable” problems.
How Philadelphia Became The One And Only Cream Cheese
There is only one cream cheese, and that is the brick-shaped silver package with the bright blue lettering: Philadelphia. Philadelphia cream cheese’s dominance isn’t a happy accident. Its cult popularity is likely the result of equal parts clever marketing and good timing.
Inside Nxivm, The ‘Sex Cult’ That Preached Empowerment
Citing the fact that Keith Raniere had a cast of girlfriends, the media declared that Nxivm was not a self-improvement company at all but rather a “sex-slave cult.” A federal investigation was opened, culminating in Mexican police officers plucking Raniere from a pricey villa.
How To Spot A Perfect Fake: The World’s Top Art Forgery Detective
The incentive to be a proficient forger has soared; a single, expertly executed old master knockoff can finance a long, comfortable retirement. The technologies available to abet the aspiring forger have also improved. Forgeries have got so good – and so costly – that Sotheby’s has brought in its own in-house fraud-busting expert.