August 22, 2016

WomenDressedForAWedding_MMIn 2012, MIT student Amrita Saigal chose to tackle a largely unaddressed health issue for a project in her product design class. She hoped to create a low-cost method to distribute clean, reliable sanitary pads for women across India. The subject of feminine hygiene remains largely taboo on the subcontinent with studies showing that 88 percent of menstruating women are forced to use crude homemade remedies like rags or newspapers. Saigal’s idea centered on a sanitary pad machine that would Continue reading

Continue reading...

August 12, 2016

Mobile games like Pokemon Go and Clash of Clans have become revenue-generating machines despite being free to download in any app store. So how do these games manage to make money without a set price point? This fascinating video from Vox provides the answer by taking a close look at the optional purchases that drive profits for these apps.

 

Questions:

  1. Is it ethical for freemium gamemakers to earn the bulk of their money from Continue reading
Continue reading...

August 5, 2016

In today’s digital world it can be difficult for photographers and trademark holders to control the use of their pictures. To combat copyright infringement, licensing companies like Getty Images keep a close eye on where their photos are posted. For instance, using a Getty-owned image on your blog without permission will likely result in a cease-and-desist letter from company representatives. That’s what happened to photographer Carol M. Highsmith when she received an email informing her that an image on her Continue reading

Continue reading...

August 4, 2016

In North America’s biggest cities, skyrocketing property values have led to a surge of home purchases from wealthy foreign buyers. But while this real estate boom is a blessing for savvy investors, locals looking to buy a home are increasingly confronted with an inaccessible market. For instance, the average cost of a detached house in British Columbia, Canada, rose to $1.2 million in June, representing a 39 percent increase from the year before. “There is evidence now that suggests that Continue reading

Continue reading...

July 29, 2016

While the U.S. corporate tax rate looks tough on paper, this brief video demonstrates how large companies can use legal loopholes to drastically decrease what they owe to Uncle Sam.

Questions:

1. Should companies be able to exploit legal loopholes to lower their tax rate?

2. Would corporations be more likely to leave the U.S. if the government enforced stricter corporate tax standards? 

Continue reading...

July 28, 2016

For years, CEOs at large corporations have attracted the public’s anger due to the exorbitant salaries that many executives earn. Companies counter these complaints by explaining that high-level employees only make their millions if they perform well on the job. After all, the stock options and bonuses that often form the bulk of CEO pay only become available once the company clears a certain set of financial benchmarks. This supposedly gives executives more incentive to do a good job since Continue reading

Continue reading...

July 12, 2016

One of the first phrases children are taught to say is “thank you.” This simple expression of gratitude then sticks with us throughout life, acting as the appropriate response to a range of situations both simple and serious. In the eyes of Citigroup, however, “thank you” is more than just a common reply. Since 2004 the banking giant has operated a rewards program called “ThankYou” that allows customers to earn points from their purchases. As a result, the company trademarked Continue reading

Continue reading...

Two years ago Led Zeppelin made headlines after the band got hit with a lawsuit concerning their most iconic song. According to the complaint, songwriters Robert Plant and Jimmy Page stole the opening guitar riff to “Stairway to Heaven” from a short instrumental called “Taurus” by the American psychedelic band Spirit. While Led Zeppelin’s members denied any wrongdoing, cultural commenters pointed to the band’s history of plagiarism and previous legal battles. What’s more, the lawsuit appeared just months before another Continue reading

Continue reading...

A week has passed since more than 17 million voters in Great Britain chose to leave the European Union, leading to confusion and plummeting stock markets throughout the world. And while the immediate economic fallout from the “Brexit” decision has tapered off in that time, political leaders as well as regular people still don’t know what will happen next. In fact, British citizens aren’t even sure who will be running their country in a few months. Prime Minister David Cameron Continue reading

Continue reading...

June 24, 2016

Last night voters in the United Kingdom elected to part ways with the European Union. While the full consequences of this historic decision will not be known for a long time, this video explains the immediate impact of the “Brexit” and how the situation could play out in the coming months.

 

Questions:

  1. Did UK voters make the correct decision? 
  1. What are the benefits and drawbacks of membership in an economic community like the European Union?
Continue reading...