Quartz: not your ordinary business news source



Why you should visit this website: economics, and business, have never been so much interesting as Quartz always presents.

It is a marvelous news site, equipped in simplicity, and is straightforward, with not so many technical terms you always see in any papers, complete with dazzling interactive graphs, infographics, pictures, and maps you can refer to for your academic papers. It also, as a substitute for our mass media, focuses on things we seldom know about global economy on the other sides of our world, and what makes it work. In brief, this website is, for a lack of complications, I must confess, awesome.



Rumble in the bank




February 2013 was an unfortunate moment for one of the world’s largest financial institutions, HSBC.

To know further why, read the full article on Rolling Stone, released exactly during the hype about the banking giant’s alleged misdeeds.

And here are some of the excerpts, provided as always:

For at least half a decade, the storied British colonial banking power helped to wash hundreds of millions of dollars for drug mobs, including Mexico’s Sinaloa drug cartel, suspected in tens of thousands of murders just in the past 10 years – people so totally evil, jokes former New York Attorney General Eliot Spitzer, that “they make the guys on Wall Street look good.” The bank also moved money for organizations linked to Al Qaeda and Hezbollah, and for Russian gangsters; helped countries like Iran, the Sudan and North Korea evade sanctions; and, in between helping murderers and terrorists and rogue states, aided countless common tax cheats in hiding their cash.

“They violated every goddamn law in the book,” says Jack Blum, an attorney and former Senate investigator who headed a major bribery investigation against Lockheed in the 1970s that led to the passage of the Foreign Corrupt Practices Act. “They took every imaginable form of illegal and illicit business.”

Inside America’s dildo industry

american dildo



Published on Buzzfeed in May 2013, a journalist entered what is dubbed ‘America’s largest dildo factory’, to get in-depth insight about the current situation of the industry that has also sustained porn, and other related industries, as it is increasingly facing an intense competition from China. Read the full article here.


It is here, in this cavernous warehouse vibrating with the hums and murmurs of a bustling 500-person workforce, that one of the last bastions of old-fashioned American manufacturing labors on, using 2.5 million pounds of rubber per year to churn out a staggering 15,000 sex toys per eight-hour day, which amounts to 5 million a year. Dongs, cock rings, dick pumps, pocket pussies, strokers, suckers, strap-ons, ticklers, teasers, vibrators, ropes, whips, ball gags, anal invaders, pussy trainers, and “love spit ” lubricant pour out of here at a rate that would wow Henry Ford.

But if you look at almost any rubber vagina or string of anal beads today, they will be embossed with the epitaph that decimated much of American manufacturing: “MADE IN CHINA.” According to a 2010 estimate, 70% of sex toys produced in the world are made there; 50% of those were imported to four U.S. companies — California Exotics Novelties, Pipedream, Doc Johnson, and to a lesser extent, Topco — that dominate American sex toy sales. While the others do the bulk of their manufacturing overseas, Doc Johnson is the only one manufacturing most of its products here in the U.S. of A.

How to lose $34.5 billion in one year

eike batista


It can be seen that no other person in history has ever matched Eike Batista in times of ‘losing the most money in one year’. Once regarded as Brazil’s richest person, and the world’s 8th, Eike gets himself lost in his personal realm of excessive self-confidence.

What has he done so much that he could easily let all the money plunge into null and void in such short time and become the public shame of the whole nation? Here are some of the ‘tips’:

1. Be absolutely proud in one’s own ambition and goals, no matter how irrelevantly questionable they are as attested to reality.

2. Grill business loans as though they were more scrumptious than any signature dishes a Michelin-star chef can prepare.

3. Boast that you are going to be the world’s richest person while your company, entrenched in debts, is yielding nothing.

4. Poke with risks – even if you have little or no craftsmanship in handling the consequences.

5. Accept no bad news and ‘shoot the messenger’.

6. Don’t stop believing… in superstitions.

7. Media, please!!

Read the full report in Bloomberg Businessweek.




Rare is the person—at least until recently—who meets Batista and is not seduced by his supreme self-confidence. As Daniel Lamarre, CEO of Cirque de Soleil, said when announcing a partnership with Batista’s IMX entertainment venture in 2012: “He is alone in his league.”

Batista has always been the leading chronicler of his own legend. He has long liked to tell the story of how as a teenager in Germany, he dreamed of becoming wealthy on gold, and how those dreams came true. At one point, a clairvoyant advised him to go to Machu Picchu, the ancient Inca site in Peru, and gaze at the sky at a certain hour, saying it would bring him luck. “Seems that it worked,” he told Brazilian TV host Jô Soares in May 2011. It’s all part of a mystical streak he embraced, and peddled. His company names all end in X—EBX, OGX, MMX. In his numerology, X stands for the multiplication of wealth.