A Number That Sounds Almost Too Good to Be True Australia has just been ranked the third-wealthiest country in the world, based on typical household wealth — behind only Luxembourg and Belgium, and ahead of much bigger economies like the United States, Germany, and Japan. That’s according to the latest Global Wealth Report from Swiss […]
A Small Fine, a Big Word Problem Lactalis Australia has just been fined for something that sounds almost too simple to cause this much trouble: the word “fresh” on a milk carton. The Australian Competition and Consumer Commission (ACCC) issued the dairy giant three infringement notices, and Lactalis paid a total of $59,400 in penalties […]
A Simple Snack With a Surprisingly Tight Operation Behind It Millions of people watch Wimbledon every year and never think twice about the little bowl of strawberries and cream sitting next to them. It looks effortless: fresh, red, sweet, always available. But behind that simple bowl is a supply chain running on a strict deadline, […]
One Number That Explains a Confusing Economy Here’s a strange fact about the US economy right now: stocks are near record highs, but most people say they feel worse off than they did last year. Both things are true at once, and understanding why tells you a lot about how the American economy actually works […]