US economy grows 3% in third one-quarter despite twin hurricanes

Figures beat analysts expectations and come despite hiring slump that followed Irma and Harvey The US economy shook off the impact of two major hurricanes in the third one-quarter growing at a robust 3 %, the commerce department reported Friday. Steady spending from consumers and businesses over the quarter helped the economy to beat economic…

From inboxing to thought showers: how business bullshit took over

The long read: Vacuous management-speak is easily laughed off but is there a real cost to talking rubbish? In early 1984, executives at the telephone company Pacific Bell made a fateful decision. For decades, the company had enjoyed a virtual monopoly on telephone services in California, but now it was facing a problem. The industry…

Everyone Dislikes Silicon Valley, Except Its Imitators

Do not let their names fool you. The silicon places–Silicon Slopes, Silicon Prairie, Silicon Beach, Silicon Peach, Silicon Bayou, Silicon Shire, Silicon Desert, Silicon Holler, Silicon Hill and, separately, Silicon Hills–do not aspire to become “the next Silicon Valley.” Sure, the country’s burgeoning tech enclaves in Utah and Kentucky and Oregon draw inspiration from the…

Disclosed: Rio Tinto’s plan to use drones to monitor workers’ private lives

Exclusive: Privacy campaigners carry alarm after company contracts Sodexo to capture individual insights from staff in Western Australian mining camps In the remote Australian outback , multinational companies are embarking on a secretive new kind of mining expedition. Rio Tinto has long mined the Pilbara region of Western Australia for iron ore riches but now…

M& S falls cauliflower ‘steak’ amid ridicule from clients

Costing double the price of a whole vegetable and shrouded in layers of plastic, clean eating product fails to make the cut Marks& Spencer has withdrawn its” cauliflower steak” product from marketing after it was ridiculed by customers for its “excessive” plastic packaging and inflated price. The sliced cauliflower, which comes in plastic packaging with…

‘People can change’: ex-prisoner smashes stereotypes, one workout at a time

Coss Marte served time for drug offences. Now hes opened a prison-based fitness studio on Fifth Avenue, where conferences are taught by ex-inmates themselves For ex-convicts, getting back on your feet is hard. Former medication kingpin and inmate Coss Marte is on a mission to change that, with his prison-style fitness studio that opened its…

Mother refused free parking at Tesco due to baby formula purchase

Laura Leeks says she was guilt-tripped for buying formula and was unable to qualify for free parking because UK law proscribes promotion of product A mother who cannot breastfeed her newborn for medical reasons has said she was guilt-tripped by Tesco for buying baby formula. Laura Leeks said staff refused to let her park for…

Can you trick people into improving their lives? A behavioral economic professor is banking on it

Whether personal or professional, change is hard. And the cumulative data is not on our side. Take something plainly detrimental, like smoking. A mere 4% to 7% of people successfully discontinue without the aid of medication or outside help. Even experiencing a traumatic event like the death of a loved one or being diagnosed with…