Tag Archives: Entrepreneurship

How an Illegal Shipping Container Reshaped the World Economy

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“Today, very few know what regulatory and lobbying problems the containers had to face before becoming a standard in the transportation of goods. An innovation full of controversy 60 years ago, and considered illegal by many, with a regulator deciding on its viability, seems nowadays as something natural that we cannot imagine life without.”

Read more: https://fee.org/articles/how-an-illegal-shipping-container-reshaped-the-world-economy/

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Happy New Year 2018 from Liberland

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“The Free Republic of Liberland wishes you a happy new year.”

Read more: http://liberlandpress.com/2017/12/happy-new-year-2018-liberland/

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These Guys Want to Lend You Money Against Your Bitcoin

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“Startups with names like Salt Lending, Nebeus, CoinLoan and EthLend are diving into the breach. Some lend — or plan to lend — directly, while others help borrowers get financing from third parties. Terms can be onerous compared with traditional loans. But the market is potentially huge.  Someone looking to tap $100,000 in cash would probably need to put up $200,000 of bitcoin as collateral, and pay 12 percent to 20 percent in interest a year, according to David Lechner, the chief financial officer at Salt, which has arranged dozens of loans.”

Read more: https://www.bloomberg.com/news/articles/2017-12-14/bitcoin-s-new-barons-no-longer-have-to-sell-to-live-in-luxury

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Cheers! California Winery Unveils Marijuana-Infused Wine

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“The company doesn’t plan to stop at just marijuana-infused Sauvignon Blanc. The owners are working on creating a pot-infused Rosé and champagne.  Any wine and marijuana lovers older than 21 can pre-order a bottle of this Sauvignon Blanc for $59.99. Orders are expected to be sent out in early 2018.  The company said the wine will be distributed through 500 marijuana dispensaries across the country.”

Read more: https://patch.com/california/menlopark-atherton/s/gb6ny/cheers-california-winery-unveils-marijuana-infused-wine

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How police used a traffic stop to take $91,800 from an innocent man

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“He only got a $25 ticket for improperly wearing his seat belt and a warning for ‘lane use.’ But Wyoming law enforcement officers found and eventually seized the $91,800 in cash, as it was hidden in a speaker cabinet — by getting Parhamovich, under what he claims was duress, to sign away his interest in the money through a waiver.  He has since tried to get his money back. But state law enforcement officials have rejected his pleas. Responding to a request for records related to Parhamovich’s case, state officials said they consider the cash ‘abandoned.’ The state has even moved to forfeiture the money without notifying Parhamovich of the relevant court hearing until after it happened.”

Read more: https://www.vox.com/policy-and-politics/2017/12/1/16686014/phillip-parhamovich-civil-forfeiture

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In North Korea, Black Markets Are Saving Lives

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“Initially, these markets consisted of disorganized traders meeting in fields, facing seizure from police if they did not come up with a bribe.  Today, the jangmadang practice has led to fully-fledged markets, complete with stalls selling street food, smuggled electronics, ingredients, and clothes; certain markets allegedly grew to encompass upwards of a thousand stalls.  Today, the markets remain a crucial element of survival for many North Koreans, with some reports estimating that around 5 million (around a fifth of the overall population) are ‘directly or indirectly dependent on the markets’.”

Read more: https://fee.org/articles/in-north-korea-black-markets-are-saving-lives/

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California Criminalizes Teaching Trade Skills To Dropouts

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“A recent California law is requiring that trade schools like Bob’s deny admission to any student who has not completed high school or a state-approved equivalent. He is joined in the suit by Esteban Narez, a ranch hand who wants to learn how to shoe horses at PCHS, but cannot be admitted because he never graduated high school.”

Read more: http://ij.org/press-release/lawsuit-challenges-california-law-criminalizing-teaching-trade-skills/

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The secret Swiss mountain bunker where millionaires stash their bitcoins

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“It’s no ordinary vault: I’ve been told it’s inside a decommissioned Swiss military bunker dug into a granite mountain. Its precise location is secret, and access is limited by security measures that would put a Bond villain to shame.”

Read more: https://qz.com/1103310/photos-the-secret-swiss-mountain-bunker-where-millionaires-stash-their-bitcoins/

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Paiute tribe opens ‘Largest marijuana store on the planet’ in Las Vegas

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“Many people didn’t realize the tribe owned land in the area.  The 31-acre plot is small, but there’s nothing small about the built-from-scratch NuWu Cannabis Marketplace on Paiute Circle.”

Read more: http://www.fox5vegas.com/story/36622774/paiute-tribe-opens-largest-marijuana-store-on-the-planet-in-las-vegas

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Some startups find the American dream in China

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“Wang is part of a group of Chinese nationals known as haigui or sea turtles, who return to the country after gaining knowledge and skills abroad. Last year, 432,500 Chinese who studied abroad returned to China, an increase of 58 percent compared with 2012, according to the country’s Ministry of Education.  The boomerang effect is aided by the strength of China’s economy and the promise of its homegrown tech industry, including social networking giant Tencent, e-commerce firm Alibaba and search engine Baidu. Local governments provide incentives to startups that open offices.”

Read more: http://www.sfchronicle.com/business/article/Some-startups-find-the-American-dream-in-China-12222087.php

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