Mindblown: a blog about philosophy.

Sweden tools up against the US and Asia with its own Gigafactory Just south of the arctic circle is not where you’d expect to find a battery factory as large as 71 football fields. Lying 125 miles south of the arctic circle and surrounded by forests of looming pine trees, the gigafactory looks decidedly out…

The Biden administration has announced a series of strict sanctions against Russia. These measures are designed to target the Russian economy and have been sanctioned as a punishment for Russia’s cyberespionage campaign and its alleged interference in the presidential election. The White House said that the measures, which target 32 Russian officials and entities, are…

The Federal Reserve recently raised interest rates for the second time this year, increasing the federal funds rate by a quarter point to a range of 2 to 2.25%. While this modest increase is intended to keep inflation low and stable, higher interest rates can have significant effects on consumers and the broader economy. For…

Robert Shiller, the Nobel Prize winning economist, has predicted that despite the current buoyancy of the housing market, prices will eventually drop. Speaking to Yahoo Finance Live, he said that – “They’ll come back down, not overnight, but enough to cause some pain.” House prices have recently seen their sharpest rise in 15 years. The…

One of France’s major export businesses has been devastated by a severe frost that has affected over 80% of the country’s vineyards. French winemakers were already facing tough times in the wake of the global pandemic and from U.S. tariffs. According to the European Committee of Wine Companies, the unusually late frost has affected all…

Shares of Peloton Interactive Inc. plummeted on Wednesday after the company announced it was voluntarily recalling 125,000 Tread and Tread+ treadmills. The recall comes in the wake of 70 reports of injuries to children, and one death being attributed to the machines. On Wednesday, the company and the U.S. Consumer Product Safety Commission (CPSC) announced…

In a year when the news was dominated by the global pandemic, business scandals that would have normally made front-page headlines in the business press, slipped under the radar. Now, with the situation easing, it is as good a time as any to remind ourselves of some of the juiciest scandals that didn’t get the…

America’s economy is creaking under the strain of the global pandemic. Joe Biden has vowed to fix this, starting by passing a $2 trillion stimulus bill. It is hoped that this bill will go a long way to restarting the US economy. It is aimed at providing immediate relief to a struggling population, funding infrastructure…

The U.K. has launched a new regulatory body, tasked with overseeing big tech companies amidst allegations of anti-competitive conduct amongst the world’s largest technology firms. The new agency, the Digital Marketing Unit, will be given a brief to ensure that companies like Facebook, Google, Microsoft, and Apple do not use their market dominance to shut…