But Eric Turner, financial technology research analyst at S&P Global, shared my curiosity. In fact, an investor had asked him the same question earlier last week. On PayPal’s 10-Q, he found the data. The company invests parked funds in a four-channel portfolio of investments, ranging from treasury investments to corporate debt securities. By estimating current returns for each, he came to the conclusion that PayPal probably pockets about $15 million per quarter (possibly up to $20 million) on $12 billion in parked funds. That’s only about half a percent of PayPal’s quarterly revenue. These overall returns match similar estimates by CNN in 2008, even though PayPal is holding billions more in cash today than they did over a decade ago, which is most likely a result of the market itself. … [Read more...] about The Sneaky Psychology Of Apple Pay–And How It Could Cost You
When grains move closer together
Engineers would call the QuaDror a “space truss geometry,” a wonky term for a sort of geometrical jujitsu: a structural joint that looks a little like a sawhorse, but can fold flat, making it both stunningly sturdy, remarkably flexible, and aesthetically pleasing. Today, the world is getting its first look at this marvel in person, when the Israeli designer introduces his brainchild at Africa’s pre-eminent design conference, Design Indaba, in Cape Town. … [Read more...] about Dror’s Folding Concrete Block Could Change How We Build [Video]
Now it’s just a question of convincing his collaborators that sharing an office is worth the price (which isn’t out of line with similar, albeit less curated spaces). The first invitations were dispatched a few weeks ago, “and in an ideal scenario, we’re hand-picking them from a very deep pool–the people we collaborate with now, and new talent as well,” Benshetrit says. “Either a few hundred, or maybe even a thousand people will say ‘I want to be part of it.’ We don’t know what deck of cards from which we will get to choose.” … [Read more...] about Dror Benshetrit Opens A Shared Office For Hand-Picked Creatives
Fast forward a few months later, when Airbnb was asked to participate in House Vision, a Japanese exhibition that asks companies to pair with architects to present a concept home. “We set off on a journey of many months,” says Gebbia. What they discovered is that the experience of that one woman in rural Japan wasn’t uncommon. Japan is dealing with one of the most rapidly aging populations in the world; that gray wave, when combined with the trend of younger people moving to bigger cities, has hollowed out Japan’s small towns. Doing research for this project, Gebbia visited a village with eight abandoned houses near its center. … [Read more...] about An Exclusive Look At Airbnb’s First Foray Into Urban Planning
But sequestering carbon is complicated. Living forests are already excellent carbon sinks. Half of a tree’s weight is just sequestered carbon, according to the Forestry Service. Some scientists argue that leaving forests alone is a better way to store carbon than farming them to replace steel and concrete. “Keeping the trees in the forest is far more valuable for carbon storage alone–than any value derived from logging,” says Mike Garrity, the Montana-based executive director of Alliance for the Wild Rockies, a nonprofit dedicated to protecting the natural ecology of the region. Garrity argues that the timber industry is pushing assumptions about the sustainability of timber that haven’t been proven by science. … [Read more...] about Can Timber Skyscrapers Really Help Save The Planet?