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The Federal Reserve is trying to figure out how to keep cash relevant in a cashless world. It’s considering digitizing the U.S. dollar, giving people money they can access on their phone.
Recently, the U.S. inflation rate reached a 13-year high, triggering a debate about whether the country is entering an inflationary period similar to the 1970s.
In 2018, the Rio games were estimated to have a total cost of $20 billion, far beyond the Rio organizing committee’s initial estimate of $2.8 billion. -from CNBC
A new generation of investors and influencers are moving markets like never before and they don’t intend to stop anytime soon. -from Bloomberg Quicktake
FT discusses whether China will dominate global commerce or whether the world economy could split along regional lines.
More than a year into the pandemic, scientists are still debating Covid-19’s origins. WSJ breaks down key events in three locations in China.
Ransomware attacks are increasing in frequency, victim losses are skyrocketing, and hackers are shifting their targets. WSJ’s Dustin Volz explains why these attacks are on the rise.
With its brightly lit billboards, costumed characters, and Broadway theater New York's Times Square is known as the crossroads of the world. -From Cheddar
Bitcoin and other cryptocurrencies set out to upend the financial order and replace conventional money. Bitcoin has certainly disrupted the global financial system, but can it ever live up to the hype
Across the country, states are shelling out incentives ranging from free beer to $1 million lotteries to encourage residents to get their Covid-19 shots.
In April 2021, India began registering some of the highest numbers of Covid-19 cases in the world. When that happened, the demand for life-saving oxygen soared too. -from Vox
Elon Musk’s comments on assets like bitcoin and dogecoin have helped send prices sky high and crashing down over the past year. WSJ explains Musk’s influence on cryptocurrency investors.
Influencers have infiltrated nearly every industry as social media increasingly dictates what we buy and how we buy it. This now includes really big purchases like an apartment or a house.
A global chip shortage is affecting how quickly we can drive a car off the lot or buy a new laptop. WSJ visits a fabrication plant in Singapore to see the complex process of chip making.
Today we take road signs for granted. We see these shapes and colors and understand their meaning, even without words. And that was the intention.
Cryptocurrencies like Bitcoin have been billed as a major disruptor to finance. But digital currencies issued by governments might be even more radical.
In 2020, Florida became known as a safety haven for wealthy New Yorkers fleeing Covid.
WSJ’s Middle Seat columnist Scott McCartney tallies the data for which airlines performed best and worst in 2020 for things like on-time arrivals, complaints and flight cancellations
See how the redesign increases collaboration space after a year of employees working solo from home, reduces contact points, and makes areas more spread out and easier to clean. -from CNBC
Startups, governments and nonprofits are racing to create so-called “vaccine passports,” or digital health passes aimed at helping people travel and safely move around in public.
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“Even monkeys can fall from their trees.” – Japanese Proverb
Continuing our global learning journey, our next stop is Tokyo Japan. Founded, in 1603, this city was once a small fishing village called Edo. In 1890, it became Tokyo which means Eastern Capital in English.
In Tokyo, you will find the world’s busiest intersection, the Shibuya crossing where 2,500 people cross the intersection, every time the lights turn green. This city also holds the record for the most Michelin starred restaurants at 212 places to enjoy amazing food.
Tokyo is the most populous city in the world with 37 million people. Uniqueness is everywhere, even in vending machines, where you can buy hot meals, fresh produce, and even umbrellas. There is one vending machine in the city for every two people.
Have lost count on the many times I visited Tokyo to experience their modern retail industry. This picture is from the New Otani Hotel gardens, a favorite during multiple visits.
As the Japanese proverb that opened this summary reminds us, no matter how accomplished we become, you can always make a mistake. Overconfidence can lead to missteps. Life is one sweet ride and Japan provides many reminders on how to enjoy it.
Deloitte Global Retail Outlook 2024
After a prolonged period of suppressed consumer spending, macroeconomic and geopolitical uncertainty, and rapid changes in consumer behavior (among other things), the global retail industry stands at a crossroads; forced to make decisions about long term investments in new technology and business models while at the same time managing the rising cost of doing business and a decline in the spending power of consumers. - From Deloitte Insights Read more
The World's Top Flight Routes by Revenue
In 2024, a record 4.7 billion people are projected to travel by air—200 million more than in 2019. While revenues surged to an estimated $896 billion globally last year, airlines face extremely slim margins. On average, they made just $5.44 in net profit per passenger in 2023. Today, the industry faces pressures from high interest rates, supply chain woes, and steep infrastructure costs. - From Visual Capitalist
The World Ahead 2024: five stories to watch out for
From the biggest election year in history, to how to control AI and even taxis that fly, The Economist offers its annual look at the world ahead. Read more
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