Former Microsoft Exec Hardeep Walia and his company Motif Investing just launched an investment platform where you can trade stocks by theme rather than industry. So you can invest in “women” or “water shortage” – and although that sounds like some illegal trafficking, it’s not – read the details at the link.
Because about 15% of Millenials are out of work (compared with about 10% of the greater population nationally), they’re spending less in almost all categories: travel, entertainment, tobacco, beverages, clothing, and even cars. Three areas where spending is up: mobile phone plans, education and food – Millenials are doing a lot of at-home cooking.
Dean of the School of Fashion at Parsons, Simon Collins, gave a talk about saying “no” at the PSFK conference this year. Parsons has turned down brands for collaborations because the ideas weren’t envelope-pushing enough. He believes brands become strong when they experiment and that saying “NO” to a meh idea opens the path for greater ideas to come in.
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