Jaana Remes

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Land Is Underrated as a Source of Wealth

In the long term, housing does about as well as stocks. It's also a major driver of inequality.<p>When most people think of wealth in the modern economy, they tend to think of stocks and bonds. The word “capital” is often synonymous with corporate ownership. Land wealth, meanwhile, is often relegated …

Housing

In China, facial recognition is used to buy KFC, board planes, and catch drug users

China is facing a tech boom that’s equal parts inspiring and alarming.<p>Over the past several months, private companies and government entities have successfully deployed facial recognition technology for a number of different purposes, ranging from shopping to public safety. The speed of the rollout …

China

America's Most (and Least) Sustainable Cities, Ranked

When it comes to sustainability in urban centers, the West Coast is faring better than the rest of the country.<p>U.S. coastal cities are coming the closest to meeting sustainability goals set by the UN, according to the first analysis of 100 metropolitan cities by the Sustainable Development …

30 firms earn half the total profit made by all US public companies

There were 4,819 public US companies in 1975. Forty years on, that number has fallen by more than a fifth, hitting 3,766 in 2015. This peculiar dwindling is but one of the dramatic changes in US public corporations described in a new study published in the <i>Journal of Economic Perspectives</i>.<p>How else, …

Economics

Every state wants to build the next Silicon Valley, but Wisconsin’s attempt has the best name

The day after Foxconn, one of the world’s largest electronics manufacturers, announced plans to build a $10 billion LCD screen factory in Southeastern Wisconsin, governor Scott Walker hosted an event for business leaders at which he and Foxconn founder and chairman Terry Gou signed a memorandum of …

Silicon Valley

Are successful entrepreneurs #actually middle-aged (on average)?

Return the Corvette, stop eating voguish green grotesqueries, ignore the creeping existential dread.* You’ve got a company to found and your banal …

Entrepreneurship

Not Everyone Has A Garage, But What If The Streetlights Were Electric Car Charging Stations?

Ubitricity is retrofitting streetlights in London to provide overnight charging to parked EVs.<p>An old-fashioned streetlight in the London borough of Westminster–emblazoned with an ornate, golden W–looks essentially the same as it did in the 1950s. But now it’s possible to open a tiny door on the …

Alternative Fuel

Las Vegas Is More Hackable Than Ever — But It May Be a Good Thing

You might as well rename Sin City "Sensor City."<p>Las Vegas may be an iconic entertainment destination, but the city is also moving full speed ahead in its quest to become a smart city.<p>There are more than 10,000 sensors around the city of Las Vegas, according to Michael Sherwood, director of the City …

Las Vegas

Automated Buses Are Here, Now We Have To Decide How They Will Reshape Our Cities

In Helsinki and Vegas, trials of a new kind of public transport highlights the benefits–and potential pitfalls–of automating our roads.<p>When a short trial of an autonomous bus first ran in Helsinki, Finland, in 2016, most riders saw it as a novelty. But by this fall, if you work in downtown …

Transportation
Robotics

The super rich are weighing down one of the world’s most socially equal countries

Sweden has long been known as one of the countries with the least economic inequality in the world. But in the last 30 years, the gap between Sweden’s rich and poor has grown.<p>Since the 1980s, income inequality has increased more in Sweden than in any other OECD country with available data. In a …

Demographics

We’ve been worrying about the end of work for 500 years

“The future of work” is suddenly everywhere—which is an interesting feat for a 500-year-old discussion.<p>Since the beginning of 2016, the topic has been featured in marketing campaigns by Walmart and GE, declared a priority by two widely respected global economics think tanks, and featured on the …

Artificial Intelligence

The future of female tech leadership is thriving—in the United Arab Emirates

Women in tech have it tough, working in often-offensive bro cultures that dominate much of the industry. But as an American woman working in the blockchain sector, I’ve never seen a place so inspiring as the United Arab Emirates, and Dubai in particular. It’s like being in a modern-age Kennedy era …

Middle America Is More Innovative Than A Lot Of America Thinks

Just because you don’t hear about them as much doesn’t mean there aren’t startups in places other than coastal cities–and they might be the companies best equipped to curb the excesses of startup culture.<p>In his book, <i>The Third Wave: An Entrepreneur’s Vision of the Future</i>, AOL co-founder Steve Case …

Silicon Valley

This AI Can Predict How Rich Your Neighborhood Is From Space

The patterns we use to organize ourselves in cities are visible to machines–and in a way that can predict the quality of our lives.<p>How do you identify a neighborhood’s affluence? Turns out, you can do it from space.<p>Th satellite mapping company DigitalGlobe tapped San Francisco design studio Stamen …

World Trade Center

Working from home is a rich-people thing

Remote work is dying. And also is the future. It’s a productivity booster <i>and</i> a drag on group learning; the key to work-life balance, but also a conduit through which the work day extends into after hours at home.<p>It is, in other words, a hotly debated topic.<p>But for all the talk and think pieces …

Remote Working

Want To Employ Behavioral Science For Good? Here’s A Helpful Collection Of Ideas

B-Hub collects real-life examples of successful nudges and breaks them down by costs, challenges, impact, and results so that anyone might implement them.<p>For social entrepreneurs and nonprofits seeking to make a dent in the world’s most vexing problems, figuring when and how to use behavioral …

Behavioral Sciences

These Google StreetView Cars Are Now Mapping And Measuring Pollution

The maps can help cities and residents figure out causes and solutions to urban air quality problems.<p>If you stand next to an experimental Google StreetView car in Oakland, you’ll hear whirring. On top of the vehicle–below the usual cameras taking photos of the street–a mechanical system with pumps …

Pollution

Sony Built A Craft Set For The Coding Generation

It’s hard to describe exactly what Toio is, but we like it.<p>In an era of STEM “toys” that forget toys are supposed to be fun, the weird side of Sony has showed up to save the day.<p>Toio is a new game console by Sony, but it’s not for your typical video games like the PlayStation 4. Instead, the …

Robotics

This Dough Can Be Programmed To Make Funny Noises (And Teach Kids About Circuits)

It’s the latest from toy company Technology Will Save Us.<p>Most grown-ups don’t understand electrical circuits. But a new series of toys from the London-based educational toy company Technology Will Save Us aims to teach your four-year-old the basics of resistance, switches, and polarity–while using …

Kids

The US is relocating an entire town because of climate change. And this is just the beginning

The water has been inching closer to Rita Falgout’s house, lapping at the edges of her front yard. Her home is one of 29 in Isle de Jean Charles, a narrow island in the bayous of southeastern Louisiana that is slowly sinking into the Gulf of Mexico. The island, home to members of the …

Obama Administration
Income Inequality

West Africa now has its own digital currency

<i>Correction: The original version of this story referred to the West African eCFA using blockchain-based technology. It does not.</i><p>Senegal will soon begin using a digital currency in 2017. It’s another opportunity for financial technology (fintech) to help emerging markets leapfrog traditional banking …

Digital Currency

America’s underpaid-teacher problem, in one chart

Every year, the Organisation for Economic Co-operation and Development (OECD) releases a data-packed report (pdf) on the state of education in its 35 member countries. The 2016 edition contains a salary comparison for high-school teachers versus other full-time workers in that country with similar …

Education

Kenya’s M-Pesa platform is so successful regulators worry it could disrupt the economy

At the time of M-Pesa’s launch in 2007, few could have conceived the mobile money service would be as ubiquitous and deeply entrenched in the lives of millions of Kenyans as it is today. A sizable portion of Kenya’s economy is now deeply ingrained in the platform to levels that are starting to …

FinTech

New research suggests maternity leave is more important for mothers than it is for their kids

How long should women take off from work after having a baby? It’s a charged question. Scandinavians think women should have a lot of time; Americans seem to think women need little or no time at all. At the heart of the question is the effect on children: Does it help or hurt them to have a parent …

Parenting

China’s tech giants are blurring the lines between virtual and traditional gift giving

For centuries, Chinese have given money to children during the lunar new year, known as <i>ya sui qian</i> (压岁钱). Imperial Chinese coins were threaded on red string and hidden under children’s pillows on New Year’s eve. As paper money came into circulation, the practice morphed into slipping coins and …

China

Interactive Periodic Table of the Future of Work

<i>by Doug Kirkpatrick, US Partner at NuFocus Strategic Group</i><p>Two-and-a-half years ago, a friend and I were musing about the various elements of what we loosely called the Future of Work. We began to brainstorm on a white board what those elements might be, and came up with a rudimentary bubble chart …

Education Technology

Bringing Virtual Reality To A Population That Needs It For Something More Than Gaming

You may think of virtual reality as just a new platform for gaming, but a company called Rendever is using it on a different audience: the elderly. Letting older citizens visit new places or revisit their past can have a profound affect on their mental health. See more in the video below:<p>SP

Virtual Reality

Behold This Huge Interactive Map of D.C.'s Historic Buildings

It took the city’s office of historic preservation more than 15 years to make, covers 127,000 buildings, and it’s still not quite finished.<p>If you like history, maps, weird old buildings, and killing time on the internet, you, my friend, have come to the right place. This week, Washington, D.C.’s …

Maps