There are 17.7 million people who hold $210.5 million in unredeemed gift cards from Borders, which closed the last of their stores in 2011. A judge recently rule that Borders owes nothing to those people, effectively making those gift cards worthless. Which reminds me of this question: Is giving someone a bad gift better than giving someone a gift card? It’s the thought that counts.
The main reason I feel busy is because I have 1.5 jobs, plus a mess of things on the side, so it always feels like I’m working on something. When I’m not working on something, I’m thinking about what I need to work on. But am I really that busy? Maybe not as much as I believe I am.
Aging, unmarried boomers are considering who will take care of them when they’re too old to care for themselves—nieces and nephews, perhaps?—and they’re increasingly looking at shared housing situations. This reminds me of something …
What we spend on groceries.
Do you work in an open-plan office? Would you be better off in a cubicle? Quartz explains why open-plan offices make us less productive (and also more likely to get sick).
The cynic in me also is inclined to believe that if companies figure out legal loopholes in our tax code that will allow them not to pay taxes, they’ll continue to use them.
BuzzFeed just launched their new business section, which will be edited by Peter Lauria, formerly of Thomson Reuters. BuzzFeed gets a lot of guff sometimes, but I appreciate that they integrate serious, reported pieces in with their goofy, fun lists. The business section’s new staff includes former reporters from The Wall Street Journal, Newsweek/The Daily Beast, Bloomberg, and the Financial Times Group. Welcome!
Priceonomics’s Alex Mayyasi takes a contentious stance in his post, “Why Does the Senior Citizen Discount Still Exist?” He says that the idea that senior citizens require financial help stems from high percentage of seniors who were living in poverty after the Great Depression. Federal programs like Social Security and Medicare dramatically decreased that percentage. Mayyasi now says that millennials are being screwed over by the recession and are in a vulnerable place, so maybe they should get a discount. If I made a list of things that probably would never come into existence, a discount for millennials would be on that list.