Why Cruise Lines Keep Cutting Their Ships In Half
In a process called “stretching,” the Star Breeze is getting pulled apart to make room for a new, 84-foot, 1,250-ton prefab midsection addition. Think of it like unsnapping (or unwelding) two Legos and putting another block in between. But with a boat.
LEGO Launches Braille Bricks For Children To Learn Braille
At the Sustainable Brands conference in Paris, the LEGO Foundation and LEGO Group announced their new project to help blind and visually impaired children learn braille through custom LEGO Braille Bricks.
The Billion-Dollar Ponzi Scheme That Hooked Warren Buffett And The U.S. Treasury
Jeff Carpoff was a good mechanic but struggled as a businessman. His machine—a solar generator on wheels—was a sun-fueled alternative. He called it the Solar Eclipse. His invention, he thought, was “crazy, harebrained.” But investors saw the makings of a clean-energy revolution.
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 Migration Could Make The World Richer
Many of the recent political shifts in the West—the election of Donald Trump, the rise of populism in Europe and Brexit—can be partially attributed to the fear of mass migration. Yet increasing migration is one of the quickest ways to make the world richer.
Why Is There Still Poverty In America?
In America almost 40m people—one eighth of its population—live in poverty. Why does the richest big country in the world still have so many people living in profound need?
The Highly Unusual Company Behind Sriracha, The World’s Coolest Hot Sauce
David Tran, CEO of Huy Fong Foods, shuns publicity, professes not to care about profits, hardly knows where his sauces are sold, and probably leaves millions of dollars on the table every year.
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.
How An Obsession With Home Ownership Can Ruin The Economy
Many dream of owning their own home, and thanks to huge financial incentives in the rich world many have been able to so. But government policies to encourage home ownership were a huge mistake.
How The 0.001% Invest
Global finance is being transformed as billionaires get richer and cut out the middlemen by creating their own “family offices”, personal investment firms that roam global markets looking for opportunities.
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.
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.
Printing’s Not Dead: The $35 Billion Fight Over Ink Cartridges
HP’s printer supplies business garnered $12.9 billion in sales last year, and the printer division overall represented 63% of the company’s profits. Here in the year 2020, proprietary ink cartridges remain important enough to spark a fight worth at least $35 billion.
The Epic Rise And Hard Fall Of New York’s Taxi King
The man known as the Taxi King arrived at his 2014 holiday party in a $384,000 Ferrari, wearing a custom Italian suit. Five years later, that man, Evgeny A. Freidman, stood in a mostly empty courtroom in Albany, N.Y., as a judge sentenced him to probation for tax fraud.
The Fraught Business Of Removing And Selling Street Art Murals
Sales of street art murals in general are divisive. Artists often object to the transformation of a work they created for public enjoyment into an art object to be bought and sold. Banksy mural sales in particular attract protest.
Is The Second Farm Crisis Upon Us?
Farmers across the country are in a state of emergency with dairy and grain producers, new farmers, and farmers of color being hit the hardest. The term farm crisis is synonymous with the 1980s, when the bottom dropped out of the agricultural economy, sending thousands of farms into foreclosure and shuttering businesses.
How Silicon Valley Ruined Work Culture
More and more offices are adopting the work culture invented by the technology upstarts. These are not the offices where your grandparents worked, clocking out at 5 sharp, eyeballing the corner office. There is no corner office here—just “hot desks” and open floor plans, wide as the prairie.
What Ever Happened To Waterbeds?
After a heyday in the late 1980s in which nearly one out of every four mattresses sold was a waterbed mattress, the industry dried up in the 1990s, leaving behind a sense of unfilled promise and thousands upon thousands of unsold vinyl shells.
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.
How One Company You’ve Never Heard Of Swallowed Tens Of Thousands Of Text Messages — Then Spit Them Back Out
People woke up to strange text messages from friends and loved ones. The messages had actually been sent months earlier, on Valentine’s Day, but had been frozen in place by a glitched server and were only shot out when the system was finally fixed nine months later.