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Bono: “Capitalism takes more people out of poverty than aid”

"Bono (nee Paul David Hewson) is the lead singer in the rock group U2, one of the most successful rock groups in history. Bono also became a major proponent of greatly expanded U.S. foreign aid and other government programs (including debt cancellation) to alleviate the dire plight in the world of HIV/AIDS, malaria, abject poverty, and other issues. In a speech at Georgetown University, Bono altered his economic and political views and declared that only capitalism can end poverty. 'Aid is just a stopgap,' he said. 'Commerce [and] entrepreneurial capitalism take more people out of poverty than aid. We need Africa to become an economic powerhouse.'" Continue reading →

Continue ReadingBono: “Capitalism takes more people out of poverty than aid”

How Gamers Could Save the (Real) World

"Three years ago, game designer and author Jane McGonigal argued that saving the human race is going to require a major time investment—in playing video games. 'If we want to solve problems like hunger, poverty, climate change, global conflict, obesity, I believe that we need to aspire to play games online for at least 21 billion hours a week [up from 3 billion today], by the end of the next decade,' she said in a TED talk. Her message was not ignored—and it has indirectly contributed to the formation of something called the Internet Response League (IRL). The small group has a big goal: to harness gamers’ time and use it to save lives after disasters, natural or otherwise." Continue reading →

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Startups destroy more jobs than they create – unless they’re tech companies

"While private sector business creation fell 9 percent between 1980 and 2011, the birth rate of new tech businesses was 69 percent higher in 2011 than it was in 1980, according to the report. Over the same period of time, the job-creation rate of those young tech firms – aged between 1 and 5 years old – was twice as robust as the average rate for firms in the rest of the private sector. That’s partly due to what the report cites as the 'up-or-out' dynamic: tech startups tend to either fail quickly or grow rapidly." Continue reading →

Continue ReadingStartups destroy more jobs than they create – unless they’re tech companies

It’s Up to You, Entrepreneurs: Brad Feld on the Rise of Global Startup Communities

"It’s a practically a social movement, and a movement needs a theorist. That’s Brad Feld. In his by-the-bootstraps guide, the 2012 book Startup Communities, Feld laid out a guru-ish, four-point plan for how to create a growing mass of startup companies. But his rules boil down to just one: entrepreneurs must be the 'leaders.' Everyone else—universities, governments, investors—are 'feeders' that, though important, can’t kick-start a startup community on their own. Feld says if even fewer than a dozen established entrepreneurs team up and get serious that nearly any city from Detroit to Cape Town can create a meaningful startup sector." Continue reading →

Continue ReadingIt’s Up to You, Entrepreneurs: Brad Feld on the Rise of Global Startup Communities

Detroit’s Amazing Pop-Up Anarchy

"Detroit pop-ups are not your conventional, temporary businesses such as those unsightly suburban fireworks stores, or the usual Christmas or Halloween retailers. Instead, the city has attracted art galleries, food and beverage cafes, coffee shops, clothing boutiques, tea houses, vegan restaurants, yoga workshops, antique stores, bike stores, and mercantile-type retailers. Pop-ups are a temporary arrangement, often with a defined start and end time for business operations. Detroit is the perfect place for these temporary pop-up businesses." Continue reading →

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Shares in Incorporated Co-op Cities Might Be the Next Big Thing

"Those who own property in a city—houses and businesses, say—probably come the closest to qualifying as its shareholders, but they do not own undivided interests in the city as a whole. Perhaps then we should not be surprised that, like unowned property everywhere, many cities suffer looting, abuse, and neglect. How can we improve this state of affairs? Here, as elsewhere, the public sector can learn from the private sector about how to tap the power of shared equity. Two lessons, in particular, bear our attention: Workplaces resemble cities and worker-owned businesses thrive." Continue reading →

Continue ReadingShares in Incorporated Co-op Cities Might Be the Next Big Thing

Fordlandia: Henry Ford’s Amazon Dystopia

"In 1927, the American industrialist Henry Ford began building a private city—Fordlandia—in the depths of the Brazilian Amazon forest. His company had won title to nearly 2.5 million acres of land—over 3,800 square miles—for a planned rubber plantation and company town. Ford spent over $20 million (about $300 million in today’s dollars) putting in roads, water and power systems, rail lines, factories, offices, medical facilities, homes, schools, and stores. Thousands of workers and their families flocked to Fordlandia. Soon, however, waves of rioting, looting, and burning roiled the city. Ford abandoned his namesake in 1945, leaving it to rot in the jungle." Continue reading →

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Brewer says his just-add-water beer mix tastes ‘just as good’ as the original

"Enjoying the great outdoors has spawned an entire market catering for campers who want to enjoy a hearty meal without overloading their rucksack. Camping shops now sell a whole range of dried, lightweight foods - from all day breakfasts to chicken tikka masalas. But now a new - and some might say revolutionary - addition to their food shelf has been added: Dried beer. A U.S. brewer has managed to create a concentrate that simply requires water being added and carbonated shortly before it is drunk. Pat's Backcountry Beverages has managed to create a near waterless formulation that claims to offer all the taste, aroma and alcohol of the traditional beverage." Continue reading →

Continue ReadingBrewer says his just-add-water beer mix tastes ‘just as good’ as the original

Virgin Galactic “gearing up” for second powered SpaceShipTwo flight

"After a hiatus of more than three and a half months that has raised questions by some industry observers, Virgin Galactic is making preparations for a second powered test flight of its SpaceShipTwo suborbital vehicle, the company’s CEO said Friday. He said the company had now signed up about 625 people for suborbital flights, accounting for $125 million in business. That works out to $200,000 per customer, but Whitesides did note that Virgin Galactic had raised its ticket price to $250,000. Those customers come from 54 countries, and range from 'teenagers to 88 years old,' he said. 'We think we can make a really good business out of that.'" Continue reading →

Continue ReadingVirgin Galactic “gearing up” for second powered SpaceShipTwo flight

Grasshopper reusable rocket demonstrates its lateral moves

"While everyone chats about Elon Musk’s 'hyperloop' concept, one of his companies, SpaceX, has been showing off some actual hardware. On Tuesday, SpaceX flew Grasshopper to an altitude of 250 meters, this time including a 100 meter lateral maneuver in the process, before returning the reusable launch vehicle demonstrator back to the center of the pad. 'The test demonstrated the vehicle’s ability to perform more aggressive steering maneuvers than have been attempted in previous flights,' the company said in an emailed statement. 'Grasshopper is taller than a ten story building, which makes the control problem particularly challenging.'" Continue reading →

Continue ReadingGrasshopper reusable rocket demonstrates its lateral moves