The Ticking Time Bomb In America’s Downtowns
The sad state of office buildings could cause something called the “doom loop.” $1.5 trillion in commercial real estate debt, is owed to banks, pension funds, and insurance companies before the end of 2025, and secured by properties that may not be worth what they were five or 10 years ago when those loans got made.
Inside London’s £18BN New Railway
Join Fred Mills inside London’s new Tottenham Court Road (TCR) station – part of the £18BN Elizabeth Line that is being constructed by Crossrail beneath the UK’s capital.
Inside The Dark, Lucrative World Of Debt Collection
A dizzying array of variables affects a portfolio of debt’s true potential — the age of the debt, how many agencies have tried to collect on it, the size of the balances, the type of credit card, where the debtors live and the current economic climate.
The Rise And Fall Of Subway
With thousands of store closures in the last three years and petitions against Subway from its franchise owners, the fast-food chain with the most locations globally seems to be on the rocks. This video unpacks what’s going on and where Subway’s headed from here.
Ponzi Schemes, Private Yachts, And A Missing $250 Million In Crypto: The Strange Tale Of Quadriga
When Canadian blockchain whiz Gerald Cotten died unexpectedly last year, hundreds of millions of dollars in investor funds vanished into the crypto ether. But when the banks, the law, and the forces of Reddit tried to track down the cash, it turned out the young mogul may not have been who he purported to be.
How IKEA Became Sweden’s National Brand
In 1950, Ingvar Kamprad began selling furniture. Seeing the logistical difficulty of shipping large items far away, Ingvar decided to flat-pack the furniture, which also reduced the chance of damage during transport. The company created a catalog that customers could browse through and order with from afar.
Horror Stories From Inside Amazon’s Mechanical Turk
The workers of Mechanical Turk, Amazon’s on-demand micro-task platform, say they have encountered mutilated bodies, graphic videos of botched surgeries, and what appeared to be child pornography. They say they have been asked to transcribe Social Security numbers and other personal data.
Zaha Hadid Architects’ Giant Starfish-Shaped Airport Opens In Beijing
Zaha Hadid Architects has completed Beijing Daxing International Airport, a five-pronged building that is one of the largest passenger terminals in the world. Designed by the late Zaha Hadid and current studio principal Patrik Schumacher, the 700,000-square-metre airport to serve Beijing has been designed to be as compact as possible.
The Long-Forgotten Flight That Sent Boeing Off Course
It was May 2001. And Boeing’s leaders, CEO Phil Condit and President Harry Stonecipher, had decided it was time to put some distance between themselves and the people actually making the company’s planes. How much distance? This flight—a PR stunt to end the two-month contest for Boeing’s new headquarters—would reveal the answer.
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 Boss Who Put Everyone On 70k
In 2015, the boss of a card payments company in Seattle introduced a $70,000 minimum salary for all of his 120 staff – and personally took a pay cut of $1m. Five years later he’s still on the minimum salary, and says the gamble has paid off.
Tapping Into The Power Of Humble Narcissism
The two qualities sound like opposites, but they can go hand in hand. Narcissists believe they’re special and superior; humble leaders know they’re fallible and flawed. Humble narcissists bring the best of both worlds: they have bold visions, but they’re also willing to acknowledge their weaknesses and learn from their mistakes.
‘Angels’ In Hell: The Culture Of Misogyny Inside Victoria’s Secret
Victoria’s Secret defined femininity for millions of women. But inside the company, two powerful men presided over an entrenched culture of misogyny, bullying and harassment, according to interviews with more than 30 current and former executives, employees, contractors and models, as well as court filings and other documents.
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.
Dystopian Photos Of London’s Bankers In Meltdown
Having been a fixture in and around the banks since the rumors of trouble first started circulating, photographer Stephen McLaren was embedded on the frontlines when what would become the 2008 Global Financial Crisis began to first take shape.
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 Singapore Solved Housing
Because 80% of the population lives in one of its one million public apartments, they carry no social stigma and are enjoyed by the rich and poor alike. Singapore has adopted such a unique set of policies that the usual measures fail to accurately capture just how far ahead it is.
2,000 Drones Replace Fireworks On New Year’s Eve In Shanghai
Nearly 2,000 drones took to the night sky and illuminated the Huangpu River in Shanghai to welcome in the new year. At around midnight, the drones gathered to form a running man. It moved forward, showing the changes and achievements Shanghai has made in the past 40 years.
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.
The Everything Town In The Middle Of Nowhere
On any given day, thousands of packages from Walmarts, Targets, and stores around the country travel north along a two-lane road out of Billings, Montana — past the Tumbleweed Saloon, past cows grazing on empty rangeland, past the Busy Bee Cafe and stands of short pines — to the town of Roundup, where they will be unboxed, re-boxed, and sent off to Amazon.
The Radical Plan To Save The Planet By Working Less
The degrowth movement wants to intentionally shrink the economy to address climate change, and create lives with less stuff, less work, and better well-being. This new accounting of economic success would focus on access to public services, a shorter work week, and an increase in leisure time. But is it a utopian fantasy?