Tag: solved

Questions Answered: Can The World Hunger Problem Be Solved By Elon Musk And His $6 billion?
BUSINESS

Questions Answered: Can The World Hunger Problem Be Solved By Elon Musk And His $6 billion?

Jessica Eise, The University of Texas at San Antonio Elon Musk hinted on Oct. 31, 2021, perhaps jokingly, that he might be willing to donate US$6 billion of his fortune to pay for hunger relief. But there was a catch: The United Nations would have to prove that it can solve world hunger “right now.” His comments responded to a challenge U.N. World Food Program director David Beasley lobbed at Jeff Bezos and Musk — to “step up now, on a one-time basis” to help solve world hunger. “$6 billion to help 42 million people that are literally going to die if we don’t reach them. It’s not complicated,” Beasley said in an October 2021 CNN interview, a year after he called on billionaires to pitch in with $5 billion. Here, social scientist Jessica Eise, who edited a book titled “How to Feed the Worl...
Sustainability Crisis In The Fashion Industry May Be Solved By The Boom In Secondhand Clothing Sales
BUSINESS, IN OTHER NEWS

Sustainability Crisis In The Fashion Industry May Be Solved By The Boom In Secondhand Clothing Sales

A massive force is reshaping the fashion industry: secondhand clothing. According to a new report, the U.S. secondhand clothing market is projected to more than triple in value in the next 10 years – from US$28 billion in 2019 to US$80 billion in 2029 – in a U.S. market currently worth $379 billion. In 2019, secondhand clothing expanded 21 times faster than conventional apparel retail did. Even more transformative is secondhand clothing’s potential to dramatically alter the prominence of fast fashion – a business model characterized by cheap and disposable clothing that emerged in the early 2000s, epitomized by brands like H&M and Zara. Fast fashion grew exponentially over the next two decades, significantly altering the fashion landscape by producing more clothing, distributing it fa...