CNBC (April 3, 2023) – The collapse of Silicon Valley Bank, Signature Bank and Credit Suisse were a harsh reminder of how quickly a trusted institution could fail, putting billions of dollars at risk.
Over 550 banks have collapsed since 2001, according to the FDIC. So what exactly causes a bank to fail? And what implications does it have on the U.S. economy?
CNBC (April 2, 2023) – An apartment building boom is unfolding in cities across the U.S. Many of the new units come with “luxury” amenities, like pools and fast-access to transportation. Experts say the uptick in supply is welcome news, but won’t ease rent inflation anytime soon.
As a result, many cities remain stuck in a price-elevating housing shortage. Washington lawmakers are now scrutinizing regulations that slow the pace of homebuilding, in an attempt to slow rent inflation.
The Economist (March 2, 2023) – America is spending trillions of dollars in an effort to make the country stronger, greener and richer. These are the three key things you need to know about the plan and its chances of success.
Video timeline:00:00 – A new green America 00:30 – Democrats are being ambitious 01:14 – Manufacturing will move to America 01:53 – Planning could be a stumbling block
Monocle Films (February 20, 2023) – Peris Costumes is the world’s largest company dedicated to selling and renting costumes for film, stocking more than 10 million garments. Monocle took a peek behind the scenes of its Madrid-based HQ to meet its artisans and see how the industry is booming, thanks to the rise of streaming platforms.
Insider Business (February 4, 2023) – Handmade bespoke dress shoes take months to make. Shoemakers transform rough measurements of a customer’s feet into a one-of-a-kind shoe. One pair can cost over £5,000.
London has been a hub for shoemaking for centuries, and while the industry has shrunk over time, an increase in demand from Japan and the US has helped to reignite interest in this craft. So, why would someone buy bespoke dress shoes? And what makes them so expensive?
0:15 This AI robot is revolutionizing farming – The robot can identify weeds and crops at rate of 20 plants a second. The robot then delivers either weedkiller or fertilizer directly to individual plants to an accuracy of within 1mm. It can treat up to 500,000 plants per hour. The robot was invented by US firm Verdant Robotics.
1:24 This company cancelled all internal meetings – In January, e-commerce platform Shopify cancelled all regular meetings with 3 people or more and imposed a 2-week window before staff could schedule anything new. It also permanently banned meetings on Wednesdays and limited large meetings to a strict window on Thursdays. More organizations are trying a ‘meeting reset’, from Dropbox to Asana and Zapier. But why – and could your organization try it too?
3:00 How to build a thriving workplace – Businesses often ask staff why they resign. So why not ask why they’re joining or staying? “Why would you wait until people have already committed to walk out the door to say, ‘If only I had a time machine, I would go back to the past and convince you to stay’? What I would much rather see employers do are entry interviews and stay interviews. Entry interview is just asking the same questions you would normally pose at exit at the beginning of the employment relationship: Why are you here? What are you hoping to learn? Right. What are some of the best projects you’ve worked on? Tell me about the worst boss you’ve ever had so we can try to emulate the good and avoid the bad.”
5:22 ChatGPT is already being used for scientific research – ChatGPT launched to the public in November 2022. It gives in-depth, natural language answers to prompts, based on what it has learned from a huge database of books and articles. People have been using ChatGPT to perform an impressive range of tasks, from writing university-level essays to debugging code and filling in job applications. It has written fake scientific reports that have fooled scientists and has even been used to write a children’s book.
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The Economist ‘Editor’s Picks’ (January 23, 2023) – A selection of three essential articles read aloud from the latest issue of The Economist. This week, Disney’s second century, Turkey’s looming dictatorship (10:25) and how young people spend their money (17:35).
0:15Solar powered car drives 1000kms – The Sunswift 7 weighs just 500kg. While an average car weighs between 1,500 and 2,000kg and boasts incredibly low rolling resistance due to its shape. A team at UNSW Sydney designed and built the car. Which completed 240 laps of a special test circuit. Equal to driving from Sydney to Melbourne, plus 100km.
1:323D printed bionic arms – Cure Bionics 3D-printed prosthetics are lightweight and muscle-controlled. They can be attached without surgical intervention and are charged wirelessly by solar power. The arms can be printed and ready within a week at the cost of just $3,000. Other providers can take months and charge up to $100,000. Cure Bionics’ arms are available for children with limb differences aged 8 and up. The low weight makes them easy for kids to operate. An immersive VR training programme helps patients learn to use their arms even before it’s made. Cure Bionics was founded in Tunisia, where the start-up has already launched a prototype. In spring 2023, it’s releasing a public version.
3:17 Geneva introduces driverless buses – 15 self-driving minibuses will be deployed in 2025. Providing an on-demand, door-to-door service, 24 hours a day. This pilot project will run for 1 year alongside similar schemes in Germany and Norway.
4:55Implants restore vision to blind people – The implants were given to 20 people by scientists at Sweden’s Linköping University and LinkoCare Life Sciences. 14 were blind and 6 were on the verge of losing their sight. After 2 years, none of them were blind.
Wall Street Journal – Apple is facing an uphill battle as it plans to shift its production out of China. Here’s why it’s difficult to replicate Foxconn’s ‘iPhone City’ in Zhengzhou and the company’s finely-tuned ecosystem in countries like India and Vietnam.