Business

Brick-and-Mortar Bankruptcies

Recently we have been seeing a lot of companies and stores who specialize in brick and mortar locations have come to a close. Just recently we have seen this take the profits out of another chain, Sears. Before Sears it was another chain franchise that was making millions back in its prime, “Toys R Us”. This is all due to the rise of online shopping. And it’s not just big brands like “Sears” and “Toys R Us”. Over time I’ve seen a lot of stores in my town close down because it’s just a lot easier for customers to buy their products online from big brands. Because of this rise big brands like “Kmart” have gone completely bankrupt. But why has online shopping caused so many stores to go bankrupt? Well “Supply and Diamond Chain Executive” wrote an article stating reasons such as, 24/7 shopping, World Shipping, Greater Choice and…

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The BFR: SpaceX’s Plan to Get to Mars

BFR = Big Falcon Rocket Its 2018 and almost 2019, and SpaceX has been preparing for this for years. 10, 9, 8, … Elon Musk and Gwynne Shotwell and all the other smart, gritty and brave people in mission control are all biting their lips, 7, 6, 5, … they are testing the reusable rocket boosters and landing gear. 4, 3, 2, 1, liftoff!   After six successful rocket booster landings, Elon Musk started to think about how they were really going to get to Mars. Even with 28,730,000 pounds of thrust to get the rocket to parking orbit, the trip to Mars is 54.6 million kilometers away and will take about 300 day to get there. How will we have enough fuel to get to Mars after we burned a big part of it getting to parking orbit? This is how: the rocket booster that separates after the front…


Elon Musk Resigns

Elon Musk, Tesla´s famed founder, CEO, and previous chairman resigned as chairman after a series of incidents that made bad press. A common question is what is the difference between a CEO (chief executive officer) and a chairman? Before you read forward you should understand the difference between a CEO and a chairman. In a review, a CEO is the face of the company and ensures the company’s efficiency and stability. A chairman is more concerned with pleasing the stockholders, and focuses more on counseling. The resignation was triggered by many issues adding up and in the end a lawsuit about fraud. Weeks ago Musk started talking about making Tesla private; he raised the stock prices in hopes people would sell their shares and he could but them back. Two weeks ago, Elon Musk was legally smoking marijuana. Although it was legal, the backlash was still major. Share prices dropped…


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