On November 9, Indian Prime Minister Narendra Modi nullified 86 percent of all the cash in circulation at a stroke. The move has led to chaos, with people waiting in line for hours to exchange their now-worthless 500 and 1,000-rupee notes.
There’s often a disconnect between the pace at which professional investors want to recoup their money and the long lead time that technology companies in sectors like biotechnology…
Credit ratings have long been the key measure of how likely a U.S. consumer is to repay any loan, from mortgages to credit cards. But the factors that FICO and other companies that create credit scores rely on—things like credit history and …Continue reading
Initial coin offerings are all the rage. Dozens of companies have raised nearly $1.5 billion via the novel fundraising mechanism just this year. Celebrities from Floyd Mayweather to Paris Hilton have jumped on the hype train.
Asia has an e-waste problem. But it’s not the amount of dead gadgets that’s the issue, really—it’s the ability to process them at the end of their lives. New research from the United Nations University shows that in 2014 Asia generated 16 million metric tons …Continue reading
It may look like a toy, but a centrifuge made out of paper could dramatically cut the cost of analyzing blood and diagnosing diseases like malaria in places where standard medical equipment is hard to come by. The device, called the Paperfuge, …Continue reading
At this point, there’s very little that Amazon isn’t involved in, or at least exploring: personal AI assistants, cloud services, TV shows, furniture, groceries … hell, it even finds time to sell the occasional book. So it shouldn’t come…
Our economy is increasingly ruled by a few dominant firms. We see them everywhere, from established giants Amazon, Facebook, Google, Apple, and Walmart to fast-growing newcomers like Airbnb, Tesla, and Uber. There have always been large companies and…
An idea over 4,000 years old may hold the key to the future of refrigeration without electricity. A startup called Evaptainers, based in Somerville, Massachusetts, is designing food-storage containers that cool food using evaporative cooling—the same process that keeps us cool when …Continue reading
I didn’t know it, but the eggs my boys were cooking for themselves each morning were putting me at risk of premature death. The danger wasn’t the eggs per se, but tiny cooking oil particulates that the stove’s heat was launching into …Continue reading