BUSINESS & ECONOMICS EDITOR'S PICK The Rise Of Robo-Retail Key Takeaway: Canada’s first robotic cafe, RC Coffee, opened in Toronto in October 2020, reviving the concept of a restaurant where food and drinks are served by technology. The trend of digitally enabled retail automation has grown in popularity in Canada over the past decade, driven by safety concerns and labor shortages. As of the […] Saving Bookmark this article Bookmarked
EDITOR'S PICK SOCIOLOGY Why Is Free Time Still So Rare In Our Modern Productive Society? Key Takeaway: In the past, many economists assumed that people’s need for more stuff would eventually be met, leading to more free time. The 40-hour week is not the result of a personal calculation of costs and benefits but rather a result of a hard-fought political battle that culminated in the Fair Labor Standards Act […] Saving Bookmark this article Bookmarked
BUSINESS & ECONOMICS EDITOR'S PICK STRATEGY The Hidden Costs Of Lay-Offs Key Takeaway: Businesses are facing rising borrowing costs and wage growth, affecting industries like advertising and retail. Redundancies can impact all employees, including those at risk, survivors, and management and HR teams. Decreased trust can lead to a toxic work environment, causing employees to question loyalty and commitment. Psychological stress can lead to increased absenteeism, […] Saving Bookmark this article Bookmarked
EDITOR'S PICK PSYCHOLOGY SCIENCE How Christmas Music Brainwashes Us To Spend More Key Takeaway: Research shows that people worldwide are unaware of how what they hear affects their attitudes and behavior. This year, Tesco’s Christmas advert features OMC’s “How Bizarre” song, while John Lewis’s features a young boy raising a Venus flytrap to Andrea Bocelli’s “Festa”. Morrisons and Waitrose use 1980s hits, while Marks & Spencer uses […] Saving Bookmark this article Bookmarked
BUSINESS & ECONOMICS EDITOR'S PICK PSYCHOLOGY Understanding The Sunk Cost Fallacy Key Takeaway: The sunk cost fallacy is a common tendency where people make decisions based on past costs rather than current events or future events. This can lead to high-stakes decisions and can affect choices that have bigger consequences for our lives. For example, Bob might base his decision on the original price of a […] Saving Bookmark this article Bookmarked
BUSINESS & ECONOMICS EDITOR'S PICK The Story Of Birkenstock: Unlikely Rise Of A Billion Dollar Brand Key Takeaway: Birkenstock, a German shoe brand, has been able to attract fashionistas and hippies to its flexible arch supports, despite its negative image. The brand, founded in 1774, has evolved from orthopaedic footwear to fashion, with its initial public offering predicted to be the third-largest US listing so far in 2023. Birkenstock’s “bubble up” […] Saving Bookmark this article Bookmarked
BUSINESS & ECONOMICS EDITOR'S PICK SOCIOLOGY Are Big Businesses Actually Helping The Environment In Their ESG? Key Takeaway: A study of 100 of the world’s largest businesses found that two-thirds of them carry out restoration activities, but the evidence supporting these efforts is inadequate. Many corporate sustainability reports lack rigor in defining restoration, outlining methodologies, and quantifying outcomes. They also fail to clearly distinguish between projects designed to align with legal […] Saving Bookmark this article Bookmarked
BUSINESS & ECONOMICS EDITOR'S PICK How China’s Property Crisis Will Impact Global Tourism Key Takeaway: The COVID-19 pandemic has impacted the Chinese travel industry, with a slow return to global flights due to the country’s struggling real estate sector. China’s largest developer, Country Garden, lost $7.1 billion in the first six months of 2023, and investors are concerned about potential debt default. Local governments heavily rely on tax […] Saving Bookmark this article Bookmarked
CULTURE EDITOR'S PICK PSYCHOLOGY SOCIOLOGY The Price Of Love: Hidden Costs Of Modern Dating Key Takeaway: The average American spends $120,000 on romantic activities, leading to a significant amount of “dating debt” among millennials and Gen Z. This debt accumulation is attributed to the desire to signal status and the persuasive retail marketing of luxury as synonymous with love. Luxury brands like Gucci and Tiffany use strategic marketing tactics […] Saving Bookmark this article Bookmarked
EDITOR'S PICK PSYCHOLOGY The Importance Of Solitude Key Takeaway: Solitude is different from loneliness, as it can be found in public spaces and can have a positive impact on our daily mood. It can help us deal with feelings of frustration, agitation or anger. Spending time alone can be difficult and lonely, so it is important to have something to do during […] Saving Bookmark this article Bookmarked
Why We Will Never Master The Financial Markets Key Takeaways: Stock market enthusiasts often claim to predict financial market trends with great accuracy, but this is not possible due to the uncertainty and unpredictable nature of the environments in which we make daily decisions. Human cognition tends to favor a reductionist approach to information processing, sometimes called “tunneling,” which can lead to biased […] Written by Benoรฎt Bรฉchard March 8, 2024March 8, 2024 Saving Bookmark this article Bookmarked
Is There Life On Europa? Key Takeaway: The Juno mission has sampled Jupiter’s atmosphere for the first time, revealing that Europa’s icy surface produces less oxygen than previously thought. Europa has an ocean below its icy surface with twice the amount of water as Earth’s oceans and an ocean floor in contact with rock, enabling chemical water-rock interactions that produce […] Written by Andrew Coates March 7, 2024March 7, 2024 Saving Bookmark this article Bookmarked
Is Insomnia Actually Bad? Key Takeaway: Insomnia, a major health issue, affects around a third of people, with women and older individuals more affected. Sleep deprivation can lead to increased risk of diabetes, high blood pressure, cardiovascular disease, and mental illness. The COVID-19 pandemic has increased the risk of insomnia, which has led to a rise in mental health […] Written by Scott Cairney March 1, 2024March 1, 2024 Saving Bookmark this article Bookmarked
The Art Of Getting Lost Key Takeaway: In 1967, French philosopher Guy Debord argued that we should not be passively consumed by images, but rather engage with them. The Situationist International movement, formed in 1957, aimed to create new ways to reflect on and experience cities as acts of resistance against profit-motivated capitalist structures. The group’s philosophy suggests that we […] Written by Stephen Dobson February 29, 2024February 29, 2024 Saving Bookmark this article Bookmarked
The Rise Of Robo-Retail Key Takeaway: Canada’s first robotic cafe, RC Coffee, opened in Toronto in October 2020, reviving the concept of a restaurant where food and drinks are served by technology. The trend of digitally enabled retail automation has grown in popularity in Canada over the past decade, driven by safety concerns and labor shortages. As of the […] Written by Mathew Iantorno February 28, 2024February 28, 2024 Saving Bookmark this article Bookmarked
The Science Behind The Loch Ness Monster Key Takeaway: The Loch Ness legend, a mysterious freshwater lake in Scotland, has been passed down through generations as mythological creatures. The lake, which is 23 miles long, wide, and deep, has been a subject of fascination for millions of people. However, no physical evidence of an unusual or prehistoric creature has ever been found. […] Written by Michael A. Little February 27, 2024February 27, 2024 Saving Bookmark this article Bookmarked
Lessons From Sesame Street Key Takeaway: Educational media content for children, such as “Sesame Street” and “Daniel Tiger’s Neighborhood,” may seem simplistic to adult viewers. However, research has shown that children can learn important developmental and social skills through media. The Sesame Workshop has been testing content for decades to ensure children understand the intended messages and enjoy watching […] Written by Samantha Vigil February 26, 2024February 26, 2024 Saving Bookmark this article Bookmarked
Rethinking Education Key Takeaways: The Industrial model of education that fueled the modern era and its dizzying reach did its job incredibly well. In his writing, Flynn illustrates study after study, spanning nations and decades, in which modern educational gift of abstraction โ a transcendent sign of intelligence, as we saw in Ravenโs Matrices โ has been […] Written by Anthony Fieldman March 2, 2022October 19, 2022 Saving Bookmark this article Bookmarked
How China Is Transforming Its Economy Through Learning I highly recommend reading the McKinsey Global Instituteโs new report, โReskilling China: Transforming The Worldโs Largest Workforce Into Lifelong Learnersโ, which focuses on the countryโs biggest employment challenge, re-training its workforce and the adoption of practices such as lifelong learning to address the growing digital transformation of its productive fabric. How to transform the country […] Written by Enrique Dans February 1, 2021February 1, 2021 Saving Bookmark this article Bookmarked
Why Youโre Not Seeing Success With Influencer Marketing With the new year around the corner, now is a good time to re-evaluate your past marketing strategies and gear up for the year ahead. For some businesses, influencer marketing has simply not seemed to live up to its lofty promises of genuine engagement, credibility, and transparency. Some have claimed that it has been failing […] Written by Michael Tan January 14, 2021January 15, 2021 Saving Bookmark this article Bookmarked
A New Philosophy of Business Iโm about to ask you to take a mental leap. For the next 8 minutes, suspend your notions of what a business is, and Iโll propose a new lens for you to look through. There are a lot of questions asked around what โcommunityโ means for business. โWhere should community fit in my organization?โ and […] Written by Empirics Asia September 5, 2018September 5, 2018 Saving Bookmark this article Bookmarked