12 posts tagged with economy by modernnomad.
Displaying 1 through 12 of 12.
Free Basics: Facebook's Biggest Setback From Zuckerberg’s vantage point, high above the connected world he had helped create, India was a largely blank map. [more inside]
TV's Dwindling Middle Class [SLNYT] Now on TV, no matter your actual job, almost everybody belongs to the same generic, vaguely upper-class class. [more inside]
How the “sharing economy” has turned San Francisco into a dystopia for the working class. Oh, Canada! I’m writing you from Berkeley, California to warn you about this thing called “the sharing economy.” Since no one is really sharing anything, many of us prefer the term “the exploitation economy,” but due to its prevalence many in the Bay Area simply think of it as “the economy.” Whatever you want to call it, the basic idea is that customers can outsource all the work or chores they don’t want to do to somebody else in their area. [more inside]
Rising deaths among white middle-aged Americans could exceed AIDS toll in US A sharp rise in death rates among white middle-aged Americans has claimed nearly as many lives in the past 15 years as the spread of Aids in the US, researchers have said. The alarming trend, overlooked until now, has hit less-educated 45- to 54-year-olds the hardest, with no other groups in the US as affected and no similar declines seen in other rich countries. [more inside]
Bitcoin is unsustainable Bitcoin's power usage per transaction isn't remotely sustainable as a wholesale replacement for the conventional financial system. [more inside]
Silicon Valley's Contract Worker Problem Earlier this year, I hired a house cleaner. I wouldn't have done so normally, but my place was a mess, I was busy at work, and I saw an offer on Facebook that looked too good to be true — a San Francisco start-up called Homejoy was offering home cleanings in the Bay Area for $19. (Not $19 per room or $19 per hour. Just $19.) So I booked an appointment through Homejoy's website, and a day later, a young man showed up at my door. [more inside]
What happened to pay toilets in the USA? In the early 1900s, when railroads connected America’s biggest cities with rural outposts, train stations were sometimes the only place in town with modern plumbing. To keep locals from freely using the bathrooms, railroad companies installed locks on the stall doors—only to be unlocked by railroad employees for ticketed passengers. Eventually, coin-operated locks were introduced, making the practice both more convenient and more profitable. Pay toilets then sprung up in the nation’s airports, bus stations, and highway rest stops. By 1970, America had over 50,000 pay toilets. By 1980, there were almost none.
Supermarkets are attempting to customize prices for different shoppers. At a Safeway in Denver, a 24-pack of Refreshe bottled water costs $2.71 for Jennie Sanford, a project manager. For Emily Vanek, a blogger, the price is $3.69. [more inside]
Welcome to the world of Britain's working poor. The Rowleys belong to a section of society not much mentioned in ministerial and media dispatches. They are neither the very wealthy affected by the 50p tax nor the "squeezed middle" expressing anxiety about child benefit and this week's budget; nor are the Rowleys representative of the long-term unemployed or one of the 120,000 "troubled families" in which the government is investing £448m over the next three years. [more inside]
14 Year Old Buys House in Florida Meet Willow Tufano, age 14: Lady Gaga fan, animal lover, landlord. [more inside]
Australian Exceptionalism "Let that phrase roll off your tongue... now stop laughing if you can." [more inside]
America's First Suburb Turns 60 Almost 60 years ago, a planned community embodied the hopes and prosperity of America. Now, it represents a more realistic picture of the American experience. The BBC investigates Levittown, Pennsylvania, as part of a year-long series. [more inside]