The Quick And Ubiquitous Economics Of Bodegas
Whether you’re cruising in for a six-pack, or you live in the big city and depend on your corner store for, well, just about everything, they’ve usually got you covered. But how do they survive selling nothing but inexpensive merchandise?
The Wealth Detective Who Finds The Hidden Money Of The Super Rich
Thirty-two-year-old French economist Gabriel Zucman scours spreadsheets to find secret offshore accounts. The minimum amount Zucman calculated the wealthy stash in offshore accounts: $7.6 trillion.
The 10/10/10 Rule For Tough Decisions
It’s good to sleep on it when there are tough choices to make, but you also need a strategy once you wake up–which is why you should employ the 10/10/10 rule. How will we feel about it 10 minutes from now? How about 10 months from now? How about 10 years from now?
How Lego Became The Apple Of Toys
In the last 10 years, Lego has grown into nothing less than the Apple of toys: a profit-generating, design-driven miracle built around premium, intuitive, highly covetable hardware that fans can’t get enough of. An exclusive look inside the company’s top-secret Future Lab.
The Cab Ride That Nearly Killed Me Changed How I Think About Ride-Hailing Apps
Were ride-hailing companies doing enough to protect passengers from negligent drivers? Maybe Grab’s growth and its perceived triumph over Uber the day before my accident had come at a cost. Was it possible that, for all the convenience ride-hailing services offered, they were making cities less safe?
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.
Can Mission-Driven Food Companies Scale Up Without Selling Out?
When just 10 companies—including Nestlé, Unilever, and General Mills—control the vast majority of food brands, it raises serious questions about the ability of mission-driven companies to hold on to their original intentions.
The Four-Letter Code To Selling Just About Anything
As the father of industrial design, Raymond Loewy had an uncanny sense of how to make things fashionable. He believed that consumers are torn between two opposing forces: neophilia, a curiosity about new things; and neophobia, a fear of anything too new.
The Lockdown Has Exposed The Fatal Flaw In Deliveroo’s Business
It wasn’t coronavirus that hobbled Deliveroo: it was its small margins and the crippling costs of competing both in its home market and abroad. In the UK, there are three big players in the market, in the US there are half a dozen, in Europe there are over 20.
On Walkman’s 40th Anniversary, Sony Opens Retro Exhibition In Tokyo
Sony Corp. opened an exhibition Monday in Tokyo’s bustling Ginza district to mark the 40th anniversary of its signature Walkman. The handheld audio player debuted on July 1, 1979, offering portable music to ears across the world. In the years that followed, over 400 million units would be sold.
The Malaysian Job: How Wall Street Enabled A Global Financial Scandal
The story of possibly the largest fraud in financial history—in which, billions of dollars were diverted from a Malaysian sovereign-wealth fund called 1Malaysia Development Berhad into covert campaign-finance accounts, U.S. political campaigns, Hollywood movies, and the pockets of innumerable other recipients.
The War On Coffee
Epicurean coffeehouses in the United States numbered in the hundreds in 1989, and in the tens of thousands by 2013. A lot of that is Starbucks, but not all. Roasters in Italy went from exporting twelve million kilograms of espresso in 1988 to more than a hundred and seventy million in 2015.
The Great American Labor Paradox: Plentiful Jobs, Most Of Them Bad
The numbers tell one story. Unemployment in the US is the lowest it’s been in 50 years. More Americans have jobs than ever before. Wage growth keeps climbing. People tell a different story. Long job hunts. Trouble finding work with decent pay. A lack of predictable hours.
How The Resale Revolution Is Reshaping Fashion
We’re buying more clothes than ever, but it’s not all fast fashion. More than half of 25- to 34-year-olds buy secondhand or vintage clothes, and resale apps such as Depop, Stock X and Vestiaire Collective are tapping into the millennial and generation Z market.
Cryptoqueen: How This Woman Scammed The World, Then Vanished
Ruja Ignatova called herself the Cryptoqueen. She told people she had invented a cryptocurrency to rival Bitcoin, and persuaded them to invest billions. Then, two years ago, she disappeared. Jamie Bartlett spent months investigating how she did it and trying to figure out where she’s hiding.
The Day The Pirates Came
For Sudeep Choudhury, work on merchant ships promised adventure and a better life. But a voyage on an oil tanker in West Africa, in dangerous seas far from home, would turn the young graduate’s life upside down. His fate would come to depend on a band of drug-fuelled jungle pirates – and the whims of a mysterious figure called The King.
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.
Scraping By In The Gig Economy As A Guy Without A Bank Account
In 2017, the Federal Deposit Insurance Corporation (FDIC) found that 8.4 million households in the U.S. were without bank accounts. Nearly 53 percent of these households listed “not having enough money” to put into an account as the reason why, while another 30 percent cited not trusting banks.
‘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.
The World’s Tallest Water Slide Was a Terrible, Tragic Idea
At nearly 169 feet tall, Verrückt was taller than Niagara Falls. Riders flew down the world’s tallest water slide at 70 miles per hour, challenging the laws of physics. Then, on August 7, 2016, 10-year-old Caleb Schwab was decapitated on the ride. What went wrong to cause such a horrific tragedy?
The Spider’s Web: Britain’s Second Empire
Michael Oswald’s film The Spider’s Web reveals how at the demise of empire, City of London financial interests created a web of secrecy jurisdictions that captured wealth from across the globe and hid it in a web of offshore islands. Today, up to half of global offshore wealth is hidden in British jurisdictions.