But throughout this unprecedented economic disaster, billionaires and corporate investors continue to get richer. Since March, the few hundred billionaires in the U.S. have seen their wealth increase by over 20%, or more than $550 billion. The S&P 500, which at one point looked poised for a substantial decline, has already rebounded to December 2019 levels, and is only a few percent below its all-time high. … [Read more...] about It’s time to bring back America’s tax on excess profits
Basic bookkeeping for small business
Why is this taking so long? Republicans delayed for over a month, with McConnell not releasing a proposed package until July 27. Historian Heather Cox Richardson, who writes the popular Letters from an American newsletter, has speculated that a more nefarious strategy is at hand: The federal moratorium on evictions just ended, and “evicted adults will be far less likely to vote” in November. … [Read more...] about Second stimulus check and unemployment update: What’s next with Congress going on vacation?
Brian Romanko, VP of engineering at Bestow, was previously the CTO at Earnest—a lender providing college loans to students. He says that, “College was intended as a betterment for people. That’s why there were degrees in things that don’t generate you massive amounts of income. But now our society has really changed what the purpose of higher education is, but we haven’t necessarily changed the institutions to match. So we still offer degree programs in these things and you can spend hundreds of thousands of dollars on a degree that isn’t going to earn you the income to actually be able to repay that money . . . [We need to decide] as a society, ‘you know what, we value this role within our society, and we are willing to pay for that via another mechanism that doesn’t require the individual to take on the burden of debt.'” … [Read more...] about The new American Dream is just as unattainable as the old one
The seeds for Space10 were planted three years ago, when Rebel Agency helped Ikea design the Bråkig furniture collection. The collection sold so well that Ikea’s CEO invited Hjort and her colleague Simon Caspersen in for a six-hour meeting to pitch him what they wanted to do next. “Instead of just creating a better future for Ikea, our starting point was asking how Ikea could help create a better future for the world,” Caspersen says. “So what we suggested was, let’s get rid of the whole client-agency model, have Ikea pay the basic fees and costs of running a space, and then devote ourselves to looking 10 or 20 years down the pipeline, and how Ikea can be relevant in that world.” … [Read more...] about Inside Ikea’s Innovation Lab For The Future Of Better Living
A sense of purpose doesn’t just give a product a problem to solve, it gives a product a market to sell to. It ensures that Logitech isn’t just designing for a use case but an audience. And it gives Logitech a way to marry design and marketing in a way that few companies can. The company’s Spotlight presenter doesn’t just offer a way to give PowerPoints, it’s designed to eliminate the fear of public speaking. Its K780 keyboard doesn’t just make it easy to type on a computer, it connects to a computer, any phone, or a tablet with the push of a button. Just explaining what the product is becomes a mini, self-explanatory commercial. … [Read more...] about Logitech Quadrupled Its Profits–With One Big Design Idea