Why Ban Dollar Stores?
Dollar-discount stores get the blame for “food deserts”—neighborhoods without supermarkets. It’s claimed, these stores drive out supermarkets with their low prices and saturate poor neighborhoods with junk food. But are dollar stores really to blame for bad diets?
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.
“A Lot Of Us Are Suffering”: The Dark Side Of The Flight Attendant Lifestyle
The dizzying highs of the airborne lifestyle can come with a side of abject lows, including poor mental health, sleep disorders, and substance abuse issues. Those factors compound, with crew members sometimes resorting to alcohol and prescription drugs to combat sleeplessness or anxiety.
The Spectacular Rise And Fall Of WeWork
In less than one year, WeWork went from having a $47 billion valuation and being the darling of the venture capital world to needing an $8 billion infusion to avoid running out of money. This is the story of Adam Neumann, Softbank’s risky investment, a failed IPO and how we got here.
Airbus Beluga XL Enters Service
One of the aviation world’s most hotly anticipated planes, the Airbus Beluga XL, has entered full-time service. The super-transporter cargo plane is designed by Airbus to fly its aircraft components between production sites in Europe and its final assembly lines in Toulouse, France; Hamburg, Germany; and Tianjin, China.
How Texas Instruments Monopolized Math Class
Some major textbooks feature illustrations of Texas Instruments–series calculators alongside the text, so students can use their Texas Instruments calculator with the lesson plan, emphasizing how deeply interwoven Texas Instruments remains with the educational hegemony.
Why Planet Hollywood Went Bankrupt
In the mid 1990’s, two entertainment moguls along with plenty of huge celebrities like Bruce Willis and Arnold Schwarzenegger came together to create a restaurant business unlike any other. But as quick as this idea grew, the sooner everything came crashing down. This is the story of Planet Hollywood.
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.
The Diabolical Genius Of The Baby Advice Industry
Every baffled new parent goes searching for answers in baby manuals. But what they really offer is the reassuring fantasy that life’s most difficult questions have one right answer. While there might indeed be one right way to do things, you will never get to find out what it is.
How Being A Workaholic Differs From Working Long Hours
An HBR survey found that work hours were not related to any health issues, while workaholism was. Specifically, employees who worked long hours, but who did not obsess about work, did not have increased levels of RMS and reported fewer health complaints than employees who demonstrated workaholism.
Rubber Tires — A Dirty Business
The booming global tire market is worth billions – but this comes at a high price, both to humans and the environment. Over 50 million car tires are sold each year in Germany alone. But where does the natural rubber for them come from?
The World’s Biggest Electric Vehicle Company Looks Nothing Like Tesla
BYD Co. is the No. 1 producer of plug-in vehicles globally, attracting a tiny fraction of the attention of Elon Musk’s company while powering, to a significant extent, a transition to electrified mobility that’s moving faster in China than in any other country.
Nothing Does It Like 7up: The Rise Of The Lemon-lime Soda
The soft drink we now know as 7UP was invented and made its way onto the soft drink market in 1929. Created by Charles Leiper Grigg, the drink was called Bib-label Lithiated Lemon-lime Soda before Grigg eventually changed the name to 7UP. This was probably because the drink had seven ingredients.
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.
‘The Countryside Is Where The Radical Changes Are’: Rem Koolhaas Goes Rural
“There has been no architecture of a similar vigour in the last 100 years. It is based strictly on codes, algorithms, technologies, engineering and performance, not intention. Its boredom is hypnotic, its banality breathtaking.” For Koolhaas, the Tahoe Reno Industrial Center embodies a new kind of sublime.
What Happened To Giant Flying Boats? The Saunders-Roe Princess Story
In 1943, Saunders-Roe, an iconic British aircraft builder, began planning for the future by drafting a design for a truly next-generation flying boat. But by the time the Princess took its first flight, the world had been completely transformed by the rapid development of runways and advances in land-based aircraft.
Living In Switzerland Ruined Me For America And Its Lousy Work Culture
Long commute, full-time, no benefits. No way, I thought. Who would want to do that? And then it hit me: Either I had become a completely privileged jerk or my own country was not as amazing as I had once thought it to be. This wasn’t an unusually bad offer: It was just American Reality.
America Is About To Witness The Biggest Labor Movement It’s Seen In Decades
The past four decades have been perhaps labor’s weakest since the Industrial Age. For a half-century, those working for hourly wages have won almost no real gains. The real average hourly wage in 2018 dollars adjusted for inflation was $22.65 in 2018, compared with $20.27 in 1964 — just an 11.7% gain.
How Under Armour Lost Its Edge
Once heralded as the next Nike, the sportswear giant has been hurt by slumping sales and unflattering revelations about its corporate culture. It is grasping for a hold in the fiercely competitive sports apparel market even as it undergoes the biggest management shift in its history.
What Happened To Donald Trump’s $365 Million Airline?
For a short time in the late 1980’s and early 1990’s, Donald Trump owned an airline. In 1989, Trump raised $365 million to purchase the Eastern Shuttle. Within 18 months, the airline lost over $125 million, and by 1992, Trump decided it was time to walk away.