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.
What Happened When Tulsa Paid People To Work Remotely
Traditionally, cities looking to spur their economies may offer incentives to attract businesses. Tulsa is testing out a new premise: Pay people instead. The first class of hand-picked remote workers moved to Tulsa in exchange for $10,000 and a built-in community. The city might just be luring them to stay.
Reversing Ageing: New Studies Show It Can Be Done
The Horvath clock is extremely accurate at predicting how old you are and can even predict when you’ll die. The clock itself is part of the aging mechanism, hence physically being able to dial back the hands of the clock could mean becoming physically younger.
If Everyone Hates Spirit Airlines, How Is It Making So Much Money?
Spirit borrowed the unbundling model from Ryanair and AirAsia. Instead of thinking of a flight as a means of getting from point A to point B plus a certain set of extras and amenities built into the ticket price, an unbundled fare promised nothing more than the get-you-from-A-to-B part. Everything else would cost extra.
America’s Cocaine Habit Fueled Its Migrant Crisis
During the 90s, traffickers started shipping their drugs through Central America and over land to Mexico. That created a violent and competitive turf war between gangs and organizations in Guatemala and Honduras, and after the governments cracked down, violence only increased, forcing people to flee, often to the US.
Macau: The Story Of China’s Golden Child
On December 20th, 1999 the 25 square kilometer Portuguese colony on China’s southern coast was returned to China becoming the Macau Special Administrative Region. In the 20 years since the handover, Macau has transformed into the gambling capital of the world while some call it the Las Vegas of the East.
The Truth Behind Brands’ Secret Formulas & Recipes
Why brands are so protective of their signature formula or recipe. Is there really a thing like “secret formula” or it’s just that you are being persuaded into believing that such a thing exists. What would happen if you steal the Coca-Cola secret formula?
Hangover Inc.: The Companies Getting You Over Last Night
Once a hush-hush luxury for the quietly-pampered, banana bags outside the hospital are hitting the mainstream. Nurses stand ready to provide intravenous care to the dehydrated, alcoholically and otherwise, in their homes and hotel rooms, at walk-in centers and on a hangover bus for special events.
Building Africa’s City In The Sea
Nigeria is reclaiming 10 square kilometres of land from the ocean to create “Eko Atlantic” – a vast new city that is set to become the financial heart of Africa. 10 new city districts will then be constructed on this reclaimed land, providing commercial, residential and recreational amenities and homes to more than 250,000 residents.
Why The Coming Foreclosure Crisis Will Look Nothing Like The Last One
A prominent housing analyst expects hundreds of thousands of defaults next year as mortgage forbearance periods end. At first glance, those projections look bad. On closer inspection, however, this round of foreclosures should be mild in comparison to the financial carnage of 2008 to 2010.
The World Is Paying A High Price For Cheap Clothes
Fast fashion’s core business model is fueled by low prices, rapid consumption and fast-changing trends — all of which are in direct tension with its sustainability mission. The global fashion industry generates a huge amount of waste – one full garbage truck of clothes is burned or sent to a landfill every second.
Can Tiny Houses Save Detroit?
Detroit is grappling with both devastating poverty and a hot real estate market. But Rev. Faith Fowler of the nonprofit Cass Community Social Services sees a way to remedy both: Develop tiny houses, and create a rent-to-own financing mechanism to help impoverished Detroiters become owners of those homes.
The 8-Hour Workday Is A Counterproductive Lie
The eight-hour workday started its life as a socialist dream. “Eight hours labor, eight hours recreation, and eight hours rest”. There’s just one problem: It’s all but impossible to actually work for eight hours a day in the jobs so many of us now have.
The North Korean Prisoner Who Escaped With Her Guard
Jeon was one of several guards at Onsong Detention Centre in the far north of North Korea. He and his colleagues kept Kim and a few dozen other inmates under surveillance 24 hours a day whilst they awaited trial. Watch how a prison guard and a prisoner made their break together from one of the world’s most secretive states.
The Sickness In Our Food Supply
A series of shocks has exposed weak links in our food chain that threaten to leave grocery shelves as patchy and unpredictable as those in the former Soviet bloc. The very system that made possible the bounty of the American supermarket suddenly seems questionable, if not misguided.
Ramzan Kadyrov: Brutal Tyrant, Instagram Star
Ramzan Kadyrov is the leader of Chechnya. He is a Putin proxy that has been in charge of the Russian republic since 2007. Despite revelations about kidnapping, torturing and killing gay people, Kadyrov has continued to maintain an upbeat profile on Instagram, where he is a prolific user.
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?
WeWalk Smart Cane Helps Blind People Navigate
The WeWalk stick has an ultrasonic sensor that detects obstacles above chest level and uses vibrations to warn the user. It can be paired with a smartphone to help navigation and is integrated with a voice assistant and Google Maps. Connecting the stick to the Internet of Things and smart city solutions makes it user-friendly.
Urban Geography: Why We Live Where We Do
Rich Americans live in the suburbs; Rich Europeans live downtown. Why do cities on the two continents have different structures?
The Roman Wall That Split Britain Into Two Parts
Hadrian’s Wall was a 73 mile barrier stretching from coast to coast, splitting the warlike north of Britain from the more docile south. It was the Roman Empire’s way of imposing peace in a hostile land.
Life And Struggle After YouTube Fame
Dax Flame was only 15 when he became YouTube royalty – his channel was among the top 20 most subscribed in the early years of the site. But 13 years later, his fortunes have changed – he’s working as a waiter and trying to scrape together money just to get by.