Graduates of top universities earn more in the future, but how much of that is down to the teaching? After all, the top universities are more likely to receive applications from people who are already bright. A US study got around this by analysing students who got into top universities, like Stanford and Yale, but decided not to go. These students didn’t seem to suffer by attending less-selective schools. Apparently, an acceptance letter from Stanford was as good as attending Stanford.
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According to UK law, graffiti “is an act of criminal damage, and those found guilty can be punished with a maximum fine of £5,000.” But when Bansky does it, and tourists flock to see the work, it’s considered artistic genius.
When you use Grammarly’s (premium) plagiarism checker, it warns you that “we are checking your work against billions of webpages. It may take a while.” It’s not frictionless but it gives you confidence that the results will be legit.
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The hopsital consulted with the Ferrari F1 pit crew team to improve its ICU handover process. After all, who better to copy than a team replacing four tires and filling a tank of gas in a matter of seconds? The hospital eventually created its equivalent of a pit crew ‘lollipop man’ – the individual who only waves a driver through after making sure everyone else on the team has put the tires on. After changing its protocol, the hospital’s error rate dropped from 30% to 10%.
Greggs has focused on occasions to expand its customer base. Although traditionally a breakfast bakery, extended opening hours means the evening (post 4pm) is now the business’s fastest-growing meal time. It even won a licence to open its Leicester Square branch until 2am on weekends. And with sales up by 20% in 2023, the ambition to ‘mean more to more people’ is certainly paying off.
GDP has always excluded parent childcare, volunteering and other unpaid work from its calculation. More recently, it has failed to properly account for much of the digital economy. For instance, Facebook is only counted by its advertising revenue ($40 per user per year) but our willingness to pay for the service is much higher – $600 a year according to a recent paper by the National Bureau of Economic Research. These and other omissions explain why, to quote John F Kennedy, “GDP measures everything except that which makes life worthwhile”.
In 1951, Sir Hugh Beaver, the then managing director of the Guinness Breweries, became involved in an argument over which was the fastest game bird in Europe, the golden plover or the red grouse. He realised that there was no book to settle the argument, and knew that there must have been numerous other questions debated nightly among the public. So he created the Guinness World Records.
American business people were asked which hotel facilities were most important in their choice of hotel: 70% said the gym. But in reality, only 17% use the gym when they stay.
The pandemic was supposed to kill off gyms: who would want to pay when there were so many free alternatives at home? Yet 5 years on, gym memberships are at a record level (at least in the UK).
Gymshark events & flagship store
Reuben Mattus coined the name “Häagen-Dazs” to make the (American) brand sound more Danish. Interestingly letters like “ä” and digraphs like “zs” do not actually exist in Danish.
Halo Top was started by an ex-laywer who, in his own words, “just wanted to eat an entire pint of ice cream and not hate himself for it.”
Americans say they need a 30%-50% raise to feel happy, regardless of their income. People making $50k need about 75k, and people making $200k need 350k.