Why The Coming Foreclosure Crisis Will Look Nothing Like The Last One • Discoverology

Why The Coming Foreclosure Crisis Will Look Nothing Like The Last One

Business, Economics

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.

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The Decoy Effect: How You Are Influenced To Choose Without Really Knowing It

The Decoy Effect: How You Are Influenced To Choose Without Really Knowing It

Business, Economics

The decoy effect is defined as the phenomenon whereby consumers change their preference between two options when presented with a third option – the “decoy” – that is “asymmetrically dominated”. It is also referred to as the “attraction effect” or “asymmetric dominance effect”.

How The Resale Revolution Is Reshaping Fashion

How The Resale Revolution Is Reshaping Fashion

Business, Videos

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.

If Everyone Hates Spirit Airlines, How Is It Making So Much Money?

If Everyone Hates Spirit Airlines, How Is It Making So Much Money?

Business

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.

The Productivity Paradox

The Productivity Paradox

Business, Economics, Tech

Higher productivity means the expectation of rising wages and abundant job opportunities. In a time of Facebook, smartphones, self-driving cars, and computers that can beat a person at just about any board game, how can the key economic measure of technological progress be so pathetic?

How India’s Richest Man Fought To Build An Empire

How India’s Richest Man Fought To Build An Empire

Business, World

Mukesh and Anil Ambani inherited their father’s fortune. But while Mukesh’s wealth made him India’s richest man, his brother’s net worth tumbled to less than $2B. The story of their diverging fortunes is steeped in a family feud that has captivated India for over a decade.

How Do Airlines Price Tickets?

How Do Airlines Price Tickets?

Economics, Explainers, Videos

To the average buyer, airline ticket prices appear to fluctuate without reason. But behind the process is actually the science of dynamic pricing, which has less to do with cost and more to do with artificial intelligence.

The Case Against Boeing

The Case Against Boeing

Business, Economics, Long Reads

In the wake of the 737 MAX disasters, caused by a software feature, Boeing and regulators initially placed blame on the planes’ pilots. Since Samya Stumo’s death in a 737 MAX crash, her parents and her great-uncle, Ralph Nader, have devoted themselves to proving that the company put profit over safety.

How The 0.001% Invest

How The 0.001% Invest

Business, Economics

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.

The 10/10/10 Rule For Tough Decisions

The 10/10/10 Rule For Tough Decisions

Business, Explainers, Life, Psychology

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 IKEA Became Sweden’s National Brand

How IKEA Became Sweden’s National Brand

Business, Videos

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.

The Super-Rich Are Being Scammed On Their Private Jets

The Super-Rich Are Being Scammed On Their Private Jets

Business, Crime

Five grand for mystery sushi. Seven for plastic cups. And more fuel than the plane could possibly hold. Such are the deceptions stinging the billionaires and mere millionaires of today’s private jet-set class. In an era of ultra-wealth, reports of shady billing related to private-jet travel are on the rise.

The Rise Of Nintendo

The Rise Of Nintendo

Business, Tech, Videos

Nintendo hasn’t always made video games. It was founded over a century ago and at one point sold ramen noodles and operated a taxi service. Today, Nintendo is part of a crowded video game market, up against companies like Sony, Microsoft, Apple and Google. When Nintendo first got into the home console business in the 80s, it dominated.

How The Wealthy Hide Billions Using Tax Havens

How The Wealthy Hide Billions Using Tax Havens

Business, Videos

Every year, about 70 billion dollars that the US could be using for infrastructure, law enforcement, healthcare or education is missing. It’s hidden deep within shell companies and anonymous entities in places like the British Virgin Islands. What exactly is a shell company and how does it work?

The Dark Side Of Electronic Waste Recycling

The Dark Side Of Electronic Waste Recycling

Business, Nature, Science, Tech

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.

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