Want to open up a business? How about a nail salon
- With the rise of internet retail over the last decade, most apparel brick & mortar stores have moved online, while some of the biggest retailers have simply just drowned (RIP to Sears, Toys’R’Us, Radioshack, etc
). Surprisingly, the economy has seen the rise of more beauty and nail salons, pet care businesses, cosmetics and restaurants, as these businesses can’t be replicated online. “Between 1990 and 2017, the number of nail salons for every 100,000 Americans went from 2 to nearly 7.” (see today’s chart
Facebook’s plan for a “post-fake news” era? More news
Facebook announced it is giving a total of $300 million to news programs, in its efforts to support quality journalism and local news. The social media platform once notorious for the spread of fake news on its platform, now wants to be the good guy and has already allocated the funds towards nonprofit agencies that support local journalism, including a $2 million grant to “Report for Amerca” to help place 1,000 journalists in local newsrooms across America over the next five years.
Real life “Wakanda” coming soon to a village near you
- Zimbabwe and Zambia have just offered a combined over 2,000 hectares of land around the Victoria Falls area, for the construction of the Wakanda One Village. The African Union Investment Board managing this project has set the first ground-breaking for the end year 2020, and hopes to raise $2 billion for the construction of this futuristic city, as a way to “attract more people of the African Diaspora to come home.”