Last year we featured a post about the unfortunate case of Texas plumber Mark Oberholtzer. In need of a better truck for his business, he took his old Ford F-250 to a local dealership and traded it in for a newer model. The plumber didn’t give the transaction a second thought until about a year later when the complaints started rolling in. Due to the extraordinarily complicated nature of the global auto resale market, Oberholtzer’s truck somehow ended up in Continue reading
What do the United States of America, the Federated States of Micronesia and the Kingdom of Tonga all have in common? Aside from being decidedly long-named nations, none of these three countries requires employers to provide their staff with time off for holidays or vacation. In fact, the U.S. is the only advanced economy in the entire world without such a requirement. As a result, American workers have seen their vacation time shrink from an annual average of 20.3 days Continue reading
Ownership of private property is one of the United States’ oldest economic principles. But like many other seemingly everlasting ideas, modern technology has enabled companies to put this concept to the test. For instance, a few years ago Keurig’s single-cup coffeemakers became a big hit with consumers. Rather than brew an entire pot of coffee, those in need of a jolt simply place a small pod of grounds into the machine and wait a few seconds for their drink to Continue reading
For many environmentally conscious diners, where their food comes from is almost as important as the food itself. Followers of the “farm-to-table” movement try to avoid items made on industrial-scale factory farms in favor of locally produced, organic goods. Over the years this concept has expanded from the stands at local farmers’ markets and into mainstream foodie culture. But while this concept works for farm-cultivated products like vegetables, beef and poultry, following fish from “ocean-to-table” is trickier to pull off. Continue reading
While nonprofit organizations do the world an immeasurable amount of good, their restrictive structure can prove frustrating for some entrepreneurs. After all in order to stay afloat, many nonprofits depend on the generosity of donors, a source of capital that could suddenly dry up at anytime. That’s why a few startups are combining the social drive of nonprofits with sustainable business models to form benefit corporations, or “B-corps” for short.
On the surface these companies seem like normal firms: they Continue reading
In an ideal world, FIFA, the global governing body of soccer, wouldn’t need to have its money management practices closely scrutinized. After all, FIFA is a nonprofit association whose primary function is to enforce the rules of the game and encourage its global expansion. In reality, however, the organization has been long accused of acting as a haven for corruption and corporate impropriety.
This much was confirmed in late May when Swiss police raided a luxury hotel in Zurich and Continue reading
Thanks to advancements in technology and medicine, Americans today have longer life expectancies than ever before. A study conducted by the Society of Actuaries estimates that the average 65-year-old man will live to 86.6 years while women can expect to stay around until they’re nearly 89. Both of these numbers have increased by more than two years since data was last collected more than a decade and a half ago. And while this is certainly good news for humanity as Continue reading