Entrepreneurship

Visitors flock to Pakistani-controlled Kashmir valley in rare tourist boom

"Success stories can be rare in Pakistan, but business is booming in one Kashmir tourist spot as the region rebuilds after a devastating earthquake and shrugs off associations with violence. Hundreds of thousands of Pakistani tourists drawn to the lakes and glaciers of the Neelum valley are injecting desperately needed money into one of the poorest parts of the country. With a new road built by the Chinese after the 2005 earthquake killed 73,000 people and a ceasefire holding with India, Pakistanis are discovering the snow-capped peaks, glaciers, lakes and lush-green meadows of the Neelum valley." Continue reading →

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Motorola’s Moto X: First Impressions

"Ordering a phone to your own specs takes four days in most cases, but that time frame can shift by a day or two if, say, everyone wants an olive-green phone with orange accents. Making this type of customization a reality is a smartphone assembly plant in Fort Worth, the only one of its kind in the U.S. Motorola purchased the facility (it had once been a Nokia (NOK) plant) and employs around 2,000 people there to put together phones based on specs coming out of Motomaker, as well as standard-issue devices in black or white. Motorola says it doesn’t know how much of the production will be taken up by custom orders." Continue reading →

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Google’s Sergey Brin bankrolled world’s first synthetic beef hamburger ‘for animal welfare reasons’

"The man who has bankrolled the production of the world’s first lab-grown hamburger has been revealed as Google co-founder Sergey Brin. The internet entrepreneur has backed the project to the tune of €250,000 (£215,000), allowing scientists to grow enough meat in the lab to create a burger – as a proof of concept – that will be cooked and eaten in London on Monday. Brin, a computer scientist who set up Google with university colleague Larry Page, is one of the wealthiest men in the world and has a history of backing projects that sound as though they belong in science fiction movies." Continue reading →

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The Best Way to Profit From Private-Equity Crowdfunding

"Instagram and Tumblr are just a couple of examples of young companies that were acquired for hundreds of millions, even billions, of dollars, making their earliest investors fantastically rich. Now, thanks to a vocal group of citizens, ordinary citizens will be able to invest a small and affordable amount of money in a company they believe in and in exchange receive an ownership stake. This revolutionary change is called equity crowdfunding, and hundreds of websites called 'funding portals' — sites like CircleUp and RockThePost, to name two — are popping up to help match startup companies with potential investors like you." Continue reading →

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Why bitcoins are 60% more expensive in Argentina than the US

"The country’s citizens, faced with an annual inflation rate of around 25%, are turning their backs on their national currency. Official figures put the annual rate of inflation at around 10%, but private economists estimate it to be more than double this. In February 2011, the government started issuing fines of up to 500,000 pesos ($123,442) to economists and consulting firms that refuted the official figures. To access dollars legally in Argentina, buyers have to make a request through the central bank and AFIP (the tax revenue office), which check how much the buyer is requesting and what it is for." Continue reading →

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Which Cities will Survive/Thrive?

"I doubt that anyone in 1968 predicted Detroit would lose most of its industrial base and half its population over the next 40 years (1970 - 2010). Such a forecast was beyond even the most prescient futurist. Four decades is not that long a time period, and our inability to predict large-scale trends over that time frame reveals intrinsic limitations in forecasting. Nonetheless, the dramatic decline of Detroit and other industrial cities makes me wonder if there are dynamics that we can identify that could enable us to predict which cities will thrive and which will decay." Continue reading →

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Swiss solar aircraft returns from cross-US flight

"Crowds of spectators welcomed the solar-powered aircraft Solar Impulse on Monday as it returned to Switzerland onboard a jumbo jet following its successful trans-American flight. A Boeing 747 jumbo carrying the prototype aircraft of aviation pioneer Bertrand Piccard landed at Dübendorf airfield in the canton of Zurich just after 7am, the Tages-Anzeiger newspaper reported. Pilots Piccard and André Borschberg completed the historic flight from San Francisco in early July. The world’s first solar aircraft able to fly both day and night powered solely by the sun flew 5,650 kilometres across the United States." Continue reading →

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Space cadets gather in D.C. for one-way ticket to Mars

"Around 40 volunteers from thousands who applied for a one-way ticket to Mars gathered in the US capital Saturday to hear from the man behind plans to colonize the Red Planet. Bas Lansdorp, a Dutch entrepreneur, plans to establish a permanent base on Mars in a mission he hopes will take off in 2022 if he can find the necessary $6 billion. Would-be travellers on the mission — named Mars One — would never return to Earth. In April, Mars-One said that the first four volunteers should land on Mars in 2023 after a seven-month journey. New crews would be sent every two years, according to Lansdorp." Continue reading →

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Satoshi Nakamoto: Natural Elite to the Rescue

"As the financial world melted down in 2008, a person or group of people developed the cyber-currency Bitcoin under the pseudonym Satoshi Nakamoto. This innovation epitomizes the natural elite in action. This brilliant work, done anonymously, is, after only four years, providing a sound alternative to debauched government currencies. No political grandstanding. No interviews from Capitol Hill. No ghost-written rants in the Wall Street Journal. No horse trading or sausage making. This is the simple creation of a product to satisfy human desires. A product people trade with voluntarily, not through the force of legal tender laws." Continue reading →

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