How Ben & Jerry’s brought maverick ideas to mainstream business; As Ben Cohen, co-founder of Ben & Jerry’s, turns 63, Brad Edmondson explains why the company is proof that profits and purpose can co-exist

How Ben & Jerry’s brought maverick ideas to mainstream business
As Ben Cohen, co-founder of Ben & Jerry’s, turns 63, Brad Edmondson explains why the company is proof that profits and purpose can co-exist
Brad Edmondson
theguardian.com, Tuesday 18 March 2014 18.02 GMT

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Ben Cohen and Jerry Greenfield, co-founders of ice cream makers, Ben & Jerry’s. Photograph: Felix Clay
The story behind Ben & Jerry’s Ice Cream and its 35-year struggle to achieve “linked prosperity” started with a simple but radical idea that everyone and everything the company touched should benefit from its profits. The sale of the ice cream makers to Unilever in 2000 therefore was a surprise twist to those who knew the two founders, Ben Cohen and Jerry Greenfield.

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The possible pitfalls of ‘Liberation Management’

The possible pitfalls of ‘Liberation Management’
by Nicolas Arnaud, Celine Legrand, Colleen Mills | Mar 19, 2014
In LM, a widespread shake-up of how employees interact brings with it not just new ways of innovating, but also new challenges to the very nature of how the firm functions

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The Amazon.com of Japan is the world’s biggest online retailer of elephant ivory and whale meat

The Amazon.com of Japan is the world’s biggest online retailer of elephant ivory and whale meat
By Gwynn Guilford @sinoceros March 18, 2014
Countries around the world are burning ivory stockpiles. It’s a powerful symbol against the illegal trade in elephant tusks that resulted in as many as 30,000 elephant deaths last year. But those demonstrations can only be so effective when a legal market for ivory trade exists. And according to a new report (pdf) from the Environmental Investigation Agency, an NGO, one of the world’s biggest digital companies is facilitating not only a brisk business in illegal ivory, but also the sale of meat from endangered whales.
Rakuten Ichiba—the Japanese online marketplace of Rakuten Group, a digital giantthat recently bought messaging app Viber—offers products made from endangered animals that can fetch up to ¥2,640,000 ($28,186) (link in Japanese), shows EIA’s investigation. This might be morally outrageous, but it’s not—at least on the face of it—illegal; Japan claims exceptions to international bans on the the commercial trade of elephant ivory and whale meat. And it shows how futile laws protecting threatened animals are as long as they have loopholes.

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Here’s an amazing app for learning music


Here’s an amazing app for learning music
By Alexis C. Madrigal, The Atlantic 3 hours ago
All musical notation is a kind of compression, which is to say a compromise between ease of transmission and depth of reception.
The notes on a score tell you a lot about a song, but not everything. The same goes for guitar tabs, which tell you where to put your fingers, not what the notes are.

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The world’s largest clothing retailer is now selling leftover Zara clothes to compete with fast fashion

The world’s largest clothing retailer is now selling leftover Zara clothes to compete with fast fashion
By Lily Kuo @lilkuo 2 hours ago

The numbers: Inditex, the world’s largest clothing retailer, best known for its Zara chain, reported almost flat net profit for 2013—€2.4 billion, or $3.3 billion—in line with expectations but only 1% higher than the year before.

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Look beyond Yangon, businesses urged

PUBLISHED MARCH 19, 2014
Look beyond Yangon, businesses urged
JAIRA KOH
THE chief ministers of Myanmar’s various regions yesterday urged Singapore businesses to look more at tapping emerging opportunities outside Yangon. They said at a dialogue arranged by IE Singapore that an international airport was coming up in the Bago region and that Mandalay provides opportunities for traders as it has become a major channel for the growing trade between Myanmar, China and India.

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The pending failure of a major Chinese property developer looks a lot like Pets.com

The pending failure of a major Chinese property developer looks a lot like Pets.com
By Heather Timmons and Gwynn Guilford March 18, 2014
The news that Zhejiang Xingrun Real Estate, a property developer, is close to a 3.5-billion-yuan ($570-million) default is the latest in a slew of high-profile Chinese default risks of late. Though defaults have been relatively few given the scale ofChina’s debt woes, analysts have already turned to historical shorthand to make sense of what’s going on, including:
“Bear Stearns moment”—Bank of America/Merrill Lynch’s David Cui recently likened the corporate bond default of Chaori Solar to Bear Stearns’ 2007 bailout of two of its hedge funds, which set off the first wave of panic about bank investment in subprime mortgages.

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The house that China built

The house that China built
David Keohane | Mar 18 10:55 | 1 comment | Share
From the FT:
China’s central bank and one of its largest state lenders are holding emergency talks over whether or not to bail out a defaulting real estate developer…
In a case which offers a microcosm of the cracks emerging in China’s shadow banking system, Zhejiang Xingrun Real Estate, the provincial developer, had been offering usurious rates of interest to individuals after being shut out by conventional banks.

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Will Tesla’s China Story Lose Its Charge?

Nina Xiang, Contributor
3/18/2014 @ 2:10PM |2,163 views
Will Tesla’s China Story Lose Its Charge?
When 35-year-old Eric Zhu deliberated to which car his family should buy, Tesla Motors didn’t stay long in the race.
Zhu, who works as a senior manager at a Western industrial firm in Beijing, is drawn by Tesla’s 100% electric power and zero emissions promise. As a father of a two-year-old boy, Zhu is willing to compromise a lot for the sake of clean air.

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China’s Secret Vaults: Where Is All The Missing Gold?

Shu-Ching Jean Chen, Contributor
3/18/2014 @ 9:50AM |22,526 views
China’s Secret Vaults: Where Is All The Missing Gold?
China has recently become the world’s largest consumer of gold. Uniquely, it also ranks as both the largest producer and the biggest importer of gold. Yet a big question surrounds the true state of the Chinese demand for gold; the answer would determine how global gold prices are likely to fare. The expectation that Chinese investors will sustain a voracious appetite for gold has helped to spark a recent rebound in gold prices.

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When The Best Employees Quit, Can You Handle The Truth?

George Anders, Contributor
3/18/2014 @ 9:00AM |71,916 views
When The Best Employees Quit, Can You Handle The Truth?
When prized employees leave a company, bosses almost always act surprised. From the comforts of the corner office, it’s easy to believe that you’re providing a great work environment and all the career-advancement opportunities that workers or managers might want. But maybe senior executives just can’t handle the truth.

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10 Things Only Lousy Managers Say

Liz Ryan, Contributor
3/19/2014 @ 1:03AM |14,461 views
10 Things Only Lousy Managers Say
God bless the bad managers we’ve struggled under, those toads and zombies who taught us so many valuable leadership lessons (all lessons of the How Not to Lead variety). We still remember those managers years later, with their tempers, idiosyncracies and neuroses.

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17 Successful Entrepreneurs Share Their Best Productivity Hacks

17 Successful Entrepreneurs Share Their Best Productivity Hacks
RICHARD FELONI STRATEGY MAR. 19, 2014, 1:17 AM
Starting and maintaining a small business takes an exceptional amount of work, and time is a precious commodity. That’s why most successful entrepreneurs have developed a few tricks along the way to increase their productivity and effectiveness.

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7 Philosophies That Have Made Apple Designer Jony Ive A Legend: He makes products for people who care. “Our success is a victory for purity, integrity – for giving a damn.”

7 Philosophies That Have Made Apple Designer Jony Ive A Legend
DRAKE BAER STRATEGY MAR. 18, 2014, 11:30 PM
Sir Jony Ive has led Apple’s design team since 1996. Along the way, he’s become a living legend in the design world, dreaming up the candy-colored iMac, the music industry-disrupting iPod, and the world-changing iPhone — to name a few of the products that earned him his knighthood.

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Gorgeous Maps Of The World Made With Iconic Local Foods

Gorgeous Maps Of The World Made With Iconic Local Foods
HARRISON JACOBS THE LIFE MAR. 18, 2014, 11:35 PM

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China is made up of various types of noodles.
New Zealand photographer Henry Hargreaves has always liked to play with his food. In his newest collaboration with food stylist Caitlin Levin and typographer Sarit Melmed, Hargreaves takes playing with food to another level by creating maps that use the iconic foods of the countries and continents that they depict.
Before he was a photographer, Hargreaves worked in the food industry and found himself fascinated by how what people ordered reflected their personality. In many ways, Food Maps similarly reflects how what we eat connects with who we are.
Hargreaves, Levin, and Melmed shared some of their playful maps with us here, but you can see more of Hargreaves and Levin’s work at their website. Note that each map is made using real food.
France is made out of bread and cheese.

The United States is made out of different types of corn and corn products.

Japan is made out of different types of seaweed.

Australia is made from “shrimp on the barbie,” a traditional Christmas food.

Africa is made of bananas and plantains.

India is, of course, made of spices.

The United Kingdom and Ireland are made out of biscuits.

South America is made up of citrus fruits, such as lemons, limes, oranges, and grapefruits.

New Zealand, Hargreaves’ home country, is constructed out of kiwis. Though not native to the country, they have been hugely popular in the country since they were first introduced in the early 1900s.

Similarly, while tomatoes are not native to Italy (they actually come from South America), they have since become central to Italian cuisine.

 

CHART OF THE DAY: A Breakdown Of S&P 500 Company Costs Since 1994

CHART OF THE DAY: A Breakdown Of S&P 500 Company Costs Since 1994
SAM RO MARKETS MAR. 18, 2014, 11:27 PM
Corporate profit margins are right at record highs.
Coming out of the financial crisis, fattening profit margins have helped corporate profits surge despite lackluster revenue growth.

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Coming Soon, Maybe: ‘Knowledge Pills’ That You Eat To Automatically Learn Anything

Coming Soon, Maybe: ‘Knowledge Pills’ That You Eat To Automatically Learn Anything
DYLAN LOVE TECH MAR. 19, 2014, 1:25 AM
Nicholas Negroponte, founder of the MIT Media Lab, appeared on stage in Vancouver at TED’s 30th anniversary event last night and made a number of predictions about what technology will do over the next 30 years. Via Ars Technica, here’s his most startling one:

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How A Powerful Mathematical Principle Spelled Doom For Absurdly Large Centipedes

How A Powerful Mathematical Principle Spelled Doom For Absurdly Large Centipedes
ANDY KIERSZ SCIENCE MAR. 19, 2014, 2:27 AM
One of the great things about mathematics is its ability to bring together apparently completely unrelated phenomena, and explain them all with the same simple concept. It turns out that a very basic mathematical idea — power laws — describes the economics of pizza, limitations on the sizes of insects, income inequality, and countless other things.

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Yoga-wear Lululemon Has Entered Completely New Territory With A New Clothing Line; The line, called “&Go,” targets women who are “out the door at daybreak and moving until midnight”

Lululemon Has Entered Completely New Territory With A New Clothing Line
HAYLEY PETERSON RETAIL MAR. 19, 2014, 4:37 AM

This $198 dress is part of Lululemon’s new clothing line, &Go.

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Lululemon has launched a brand new line of casual clothes for outside the yoga studio that includes sundresses, pants and tank tops.

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No easy answers in key leases standard debate

No easy answers in key leases standard debate
BY KEN TYSIAC
MARCH 18, 2014
FASB and the International Accounting Standards Board (IASB) are struggling to find common ground in their efforts to create a converged standard for financial reporting on leases.

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12 Things Successful People Do In The First Hour Of The Workday

12 Things Successful People Do In The First Hour Of The Workday
JACQUELYN SMITH CAREERS MAR. 19, 2014, 9:00 PM
The first hour of the workday is critical, since it can impact your productivity level and mindset for the rest of the day.

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Regulations threaten S Korea’s gaming industry

March 18, 2014 5:45 pm
Regulations threaten S Korea’s gaming industry
By Song Jung-a in Seoul
Kim Jin-woo, a high school student in Incheon, South Korea, used to play online games like League of Legend, Fifa Online 3 and Sudden Attack for up to 10 hours a day in smoke-filled internet cafés, having instant noodles when hungry or sometimes even skipping meals.

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Online fashion retailer Asos suffers growing pains as costs rise

March 18, 2014 6:58 pm
Asos suffers growing pains as costs rise
By Duncan Robinson
On Thursday night, Asos chief executive Nick Robertson stood in front of the retail world’s glitterati and accepted a gong for retail leader of the year at a black-tie do in a swanky hotel on Park Lane.

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Supermarkets find move into banking difficult

March 18, 2014 11:02 pm
Supermarkets find move into banking difficult
By Emma Dunkley
It’s not just the grocery market facing troubles, as supermarkets trying to establish retail banks are finding out.
Sainsbury’s, which has reported its first fall in sales for nine years, was the inaugural retailer to launch a bank in the UK, as part of a joint venture with the Bank of Scotland, now Lloyds Banking Group.

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Geely warns of growing international pressure on Chinese brands

March 19, 2014 12:29 pm
Geely warns of growing international pressure on Chinese brands
By Tom Mitchell in Beijing
One of China’s most successful private car companies has warned that “tremendous cost pressure” is building on already flagging domestic auto brands, and also predicted difficulties overseas as political turmoil in Ukraine and Egypt affect two of its biggest export markets.

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Shell bundles up lossmakers to achieve turnround

March 18, 2014 5:35 pm
Shell bundles up lossmakers to achieve turnround
By Ed Crooks in New York
Royal Dutch Shell has reorganised its lossmaking American shale gas and oil operations into a single business in an attempt to turn around their performance, the company has said.

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Samsonite confident worst of China’s luxury crackdown is past

March 19, 2014 5:11 am
Samsonite confident worst of China’s luxury crackdown is past
By Jennifer Hughes in Hong Kong
The worst of China’s luxury crackdown has passed, according to Samsonite, the premium luggage maker that warned last year that Beijing’s austerity drive was hurting its high-end sales in the country.

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India’s Common Man party oozes charisma on its poll mission

March 19, 2014 8:58 am
India’s Common Man party oozes charisma on its poll mission
By Amy Kazmin in Bhopal, India

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Frustrations over China increase at US companies

March 19, 2014 6:40 am
Frustrations over China increase at US companies
By Tom Mitchell in Beijing
Almost 80 per cent of US companies participating in an annual survey reported that their China revenues had “increased slightly” or were in decline over the past year, as frustrations mount over everything from government investigations to internet censorship.

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US Pacific Fleet commander warns Asia it risks Crimea-like crisis

March 19, 2014 11:35 am
US Pacific Fleet commander warns Asia it risks Crimea-like crisis
By Ben Bland in Jakarta
The commander of the US Pacific Fleet has hit out at China’s “revanchist tendencies” and warned that Asia-Pacific nations must forsake “unilateral actions and inflammatory rhetoric” or risk stumbling into a Crimea-like crisis that would damage the global economy.

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