Coffee maker Nespresso is to buy coffee from the poverty-wracked fledgling state of South Sudan to expand supplies from sustainable sources, brand frontman George Clooney said on Tuesday.
“There is a real opportunity here,” the Hollywood star told a press…
Ibrahim El-Salahi is a world renowned artist who is virtually unknown in his own country. What a shame.
This week, I had the pleasure of attending a special event commemorating the launch of his autobiography, A Fistful of Sand. I wouldn’t have known about it had it not been for my…
While other financial and insurance companies flirted with collapse, USAA’s net worth grew from $14.6 billion in 2008 to $19.3 billion in 2011. And it has continued lending money while other banks have tightened their loan operations despite billions in government funding to encourage liquidity. It has a free checking account, has been at the forefront of electronic banking, and reimburses up to $15 in other banks’ ATM fees. Its credit rates are 43 percent lower than the national average.
The firm’s structure is one of its most interesting attributes. Unlike nearly every other Fortune 500 company, USAA is not a corporation. It is an inter-insurance exchange made up of the people who have taken out policies with the firm. As a group, they are insured by each other and simultaneously own the company’s assets. Instead of paying stockholders, USAA distributes its profits to its members. In 2010, it distributed $1.3 billion.
|—||In the Era of Greed, Meet America’s Good Bank: USAA - David Rohde - Business - The Atlantic (via parkparadigm)|
“It’s as if we were trying to desegregate schools student by student. Nobody would think that would be an appropriate remedy.” Leslie Proll of NAACP Legal Defense Fund on HUD’s failure to systematically tackle housing discrimination. Take a closer look at segregation by city and and read our full investigation into the failure of fair housing.
Earlier today, I broke some news.
I don’t typically do this anymore given my new job. But from time to time this will happen. But if you read The Wall Street Journal, you’d never know. Why’s that? Because they’re fuckheads who don’t credit actual sources of information.
I know, I know. I’m ranting again. But indulge me for a few minutes.
I broke the news that Apple acquired the app search/discovery platform Chomp at 4:01 PM today. At 6:06 PM — over two hours later — WSJ reported the story as well. But oddly, with no mention of my original story.
This was odd both because, again, I reported the same information two hours earlier. And because it was at the top of Techmeme, which everyone in the industry reads. And every single other publication linked to my story.