Another reason to buy Patagonia
January 10, 2012
Yvon Chouinard, the founder of Patagonia…and an all around super outdoors man, has recently restructured his company as a “benefit corporation”
According to Mr Chouinard, the new “benefit corporation”—usually referred to as a B Corp—creates the legal framework for firms like his to remain true to their social goals. To qualify as a B Corp, a firm must have an explicit social or environmental mission, and a legally binding fiduciary responsibility to take into account the interests of workers, the community and the environment as well as its shareholders.
Basically, the B-corp is a hybrid between a for profit business and a not for profit. So maybe now you will not feel as bad when you have to pony up 200 bucks for a Patagonia fleece.
Here is a link to an Economist article on the subject: http://www.economist.com/node/21542432
Euro Area Statistics
November 12, 2011
This is a really nice interactive map that summarizes some of the central problems of the Eurozone
Update of the Big Mac Index
July 28, 2011
The Economist has updated the methodology that it uses to calculate it popular Big Max index, which is a fun way to measure currency valuations using the Big Max burger as a common denominator. Previous the Economist used the “raw” price of the burger to calculate the under/over valutation of a currency. Now they have adjusted the calculation by GDP per person. The new results show that the Chinese yuan is not as undervalued as once thought. Here is the link:
http://www.economist.com/blogs/dailychart/2011/07/big-mac-index
