Introduction Underwear brand Parade, once valued at $200 million, recently faced a significant decline and was sold to a lingerie manufacturer, Ariela & Associates International (AAI), for a considerably lower price. Former employees of Parade have attributed the downfall of the company to founder Cami Téllez's leadership style and certain questionable tactics employed by the management … [Read more...]

Costco's Tradition of Guessing First-Day Sales Costco, the popular wholesale retailer, has a unique tradition for its employees at newly opened warehouses. Each employee has the opportunity to win a cash prize of $500 if they correctly guess the first-day sales of the location. In November alone, ten new Costco warehouses were opened, which means that ten lucky employees had the chance to win … [Read more...]

Introduction The US Air Force is taking steps to counter the threat posed by China's missiles by developing more dispersed bases. This includes the construction of new facilities as well as the reclamation of disused outposts. One such example is the remote Pacific island of Tinian, where satellite photos show the progress of the work being done. The Need for Dispersed Bases In an effort to … [Read more...]

Introduction The highly anticipated launch of Tesla's Cybertruck on Thursday is expected to be a significant moment for the company, showcasing its innovation and solidifying its position as a leader in the electric vehicle (EV) market. According to Wedbush analyst Dan Ives, this milestone event will not only remind investors of Tesla's dominance but also propel the company towards a … [Read more...]

Charlie Munger's Perspective on Elon Musk and BYD Charlie Munger, Warren Buffett's former right-hand man, once described Elon Musk as a gifted individual but also peculiar. During Daily Journal's annual meeting in February, Munger aired his views on Musk and highlighted Chinese carmaker BYD as a serious threat to Tesla and one of the best investments of his career. Munger acknowledged … [Read more...]

An Amazon Worker's Tragic Accident In May, an Amazon worker in Indiana lost his life when his head collided with a conveyor belt. This incident has brought the safety record of Amazon under scrutiny. The Occupational Safety and Health Administration (OSHA) issued a "serious" safety citation against the company. However, the maximum fine that Amazon could face was a mere … [Read more...]

Ireland's PM Calls for Updated Incitement to Hatred Legislation Elon Musk has responded to Ireland's Prime Minister, Leo Varadkar, after Varadkar called for an update to the country's incitement to hatred legislation. Musk accused Varadkar of "hating the Irish people" in light of recent violence in Dublin city center. Riots Erupt in Dublin Following Stabbing Incident Riots … [Read more...]

Elon Musk Announces the Return of Article Headlines on X Less than two months after X stopped displaying article headlines, Elon Musk has made an about-turn and announced that the platform will once again show headlines for links posted on the site. This decision comes after Musk previously stated that removing the headlines would improve the aesthetics of the platform. Elon Musk's Plan to … [Read more...]

Warren Buffett, the billionaire investor and Berkshire Hathaway CEO, once made a lighthearted remark about how he would have celebrated Thanksgiving at McDonald's if the US government hadn't bailed out the banks in 2008. In a CNBC interview in 2010, he joked, "If the government hadn't acted, I would be eating Thanksgiving dinner at McDonald's." Buffett's Love for … [Read more...]