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Some firms sustain their businesses by taking on more debt that they likely could never repay. Economists call them zombie companies. When compared to their peers, zombies are smaller in size and deliver lower returns to investors.
While traditionally, canned tuna was known to be a staple in American homes, consumption rates have fallen dramatically in the past couple of decades. Since 2000, per capita tuna consumption dropped 45.7%.
China's real estate industry is collapsing in slow motion.Major developers like Evergrande and Country Garden remain stuck in spiraling debt problems. So-called 'ghost cities' dot the Chinese countryside.
Remember the metaverse? Facebook was so keen on the concept that its CEO Mark Zuckerberg renamed the company Meta. But as the FT’s Hannah Murphy explains, early investor interest has faded.
Over the past couple of years, airlines and credit card companies like American, United, Chase and Capital One are investing millions into expanding their airport lounge networks for customers.
It’s no secret that we’re tipping like never before - everywhere and for everything. While it can certainly be frustrating, there’s a greater issue at hand.
In August 2023, it took about twice as long to sell an EV in the U.S. as it did the previous January. Prices of EVs are down 22% year-over-year and that's mainly driven by Tesla. About two thirds of EVs sold are Elon Musk's brand.
In the American workplace of 2023, a new labor market trend has taken over where "quiet quitting" left off. Quiet cutting.
Phenylephrine doesn’t work better than a placebo. So why is it still on shelves?
Drivers headed to downtown Manhattan will face a new toll beginning in spring 2024. The final fee, which is still up for debate, is expected to be between $9 and $23 dollars per day for passenger vehicles.
Volkswagen has come to rely on China for a third of its auto sales, but its market share in the country has been waning as rival carmaker companies like BYD hit the market.
Major American cities such as New York and San Francisco face serious problems — mass migration, empty offices and declining tax revenues. These trends have had a direct impact on cities.
San Francisco's downtown suffered an exodus of workers and businesses during the pandemic. These closures followed the disappearance or scaling back of some of the city’s most prominent corporate tenants like Facebook and Salesforce.
Ageing has always been inevitable but fasting, epigenetic reprogramming and parabiosis are just some of the scientific techniques that seem to help people stay young. Might the Peter Pan dream become real?
The U.S. used to be a global leader in lithium processing, but it lost its market control to China in the early 2000s. Since then, China has developed its own lithium supply chain, controlling 55% of the market.
Elon Musk and Tesla could emerge as winners from the UAW strikes against Detroit automakers Ford, GM, and Stellantis. Thousands of union workers are striking the plants of the Detroit Three - as the three legacy automakers are called.
Food service on domestic airlines has drastically changed in recent years. Nearly 3 million passengers fly every day in the U.S. Post pandemic, airlines have seen an increase in passengers buying up to premium seats.
As factories closed and more companies moved their operations offshore, employment in manufacturing has declined over the years. But now the USA is spending big on industrial policies, to bring manufacturing back into the country.
You’ve seen it in more and more job postings: Unlimited. Vacation. Sounds awesome right? Only about 8 percent of employers offer this perk, according to a recent survey from the Society for Human Resource Management.
Rampant inflation, a booming black market for US dollars and crippling debt - welcome to Argentina, one of the world's most dysfunctional economies. How did it end up like this?
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Continuing our journey to learn something new, our next stop is the Grand Bazaar in Istanbul Turkey. It all began in the year 1455 when Mehmet the Conqueror, the Ottoman Empire’s visionary leader, decided to establish a center of trade in the heart of the city.
Today the Grand Bazaar or as known to locals as the Kapalıçarşı is one of the world’s most famous shopping destinations. Its 30,700 square meters (330,452 square feet) covered retail mecca is a wonder to get lost it.
Inside the Bazaar’s 64 streets and smaller alleyways are roughly 4,000 stores, a mosque, post office, cafes, banks, delicious spices from the orient galore, local foods, and even a police station. You might call it a mini or maybe even better a mega city mall plus.
As a tour guide correctly wrote, the Grand Bazaar in Istanbul is a living testament to the city’s rich history and vibrant culture. It is a place you can shop for exquisite treasures, indulge in delectable flavors, and immerse yourself in the traditions of the past.
A special life-long friend who arranged for me to experience this special place once again is what inspired this summary. Retail has so many exciting places in the world where culture and humanity come together in an explosion of all your senses. Traveling back to Istanbul of what a great feeling it is to step away from your comfort zone, focus on the probabilities, vanquish the impossible, and create immersive experiences of a lifetime.
McKinsey Technology Trends Outlook 2024
Which technology trends matter most for companies in 2024? New analysis by the McKinsey Technology Council highlights the adoption, development, and industry effects of advanced technologies. The two trends that stood out in 2023 were gen AI and electrification and renewables. - From McKinsey and Company Read more
Visualizing the Cost of Hosting the Olympics
The Paris Olympics are estimated to cost over $9 billion to host, making them one of the less expensive Summer Olympic Games in recent memory. The International Olympic Committee requires cities to have at least 40,000 hotel rooms for spectators and an Olympic Village that can house 15,000 athletes and officials. - From Visual Capitalist
Why EV Leases Are So Cheap Right Now In The U.S. -CNBC
Automakers are offering steep discounts on electric vehicles, and especially on leases. In the first three months of 2024, less than a quarter of car buyers leased vehicles, but more than a third of EV buyers did. Read more
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