A new start-up company has developed an electric car that charges while you drive. The German company, Sono, largely funded development of the car through crowdsourcing. The vehicle is almost entirely covered with solar panels, which allows the car to…
Dr. Pepper took to social media to apologize to its loyal customers for the shortage that they are facing. Many customers are having a hard time finding the product in local stores. The main culprit for the lack of supply of aluminum…
As many communities canceled Fourth of July celebrations and fireworks shows, more Americans chose to celebrate at home. This shift from public celebration to private parties led to a significant increase in firework sales. Some areas reported a doubling of…
The Environmental Protection Agency has announced it will not move to delay the development of a gold and copper mine in Alaska’s Bristol Bay region, despite a report finding that it, “may well contribute to the permanent loss of 2,292…
With social distancing rules preventing mass gatherings, many movie theaters around the country have been going out of business. The movie screening industry, however, is finding a creative way to survive. Once a popular form of entertainment that lost favor…
Although many Americans regularly separate their trash and recycling, many recyclable materials still end up in the landfill. In some cases, mixing certain materials with your recycling, like plastic bags and Christmas lights, can jam up sorting machines, substantially raising…
As social distancing orders forced restaurants to stop serving in their dining rooms, many transitioned to serving customers with take-out meals or delivery. Food delivery services like Grubhub, UberEats, and DoorDash have seen dramatic increases in customers and revenue. Although…
Due to a combination of increased global demand and poor harvests, coffee prices in 2011 rose some 69% to reach its highest price in over three decades. As a result, consumers around the world saw an increase in coffee prices in the grocery store and coffee shops. One country that did not see an increase in price, however, was Cuba. This is because the country fixes the price of coffee at 17 cents per 4oz bag, and rations the amount of coffee each household consumes. Once a major coffee exporter, a decline in production led the Cuban government to turn to global markets to supply its population with coffee. The rising prices resulted in the country importing $50 million worth of coffee.
Once a pinnacle of luxury clothing found only in high-end fashion stores, by 2006 cashmere sweaters, which typically sold for hundreds of dollars, could be found in big box stores for as little as $20. The reason for this substantial price drop: increased production and competition from China. The cashmere industry has been around for centuries. Historically, however, Chinese and Mongolian herders exported the raw fiber to Europe, where it was spun and converted into clothing. Beginning in the 1980’s, China made a charge toward industrialization and the market economy. One area of rapid growth was the textile industry.
