• Jeff Bezos has a vision to colonize space with a trillion people. We asked experts to put it to the test.

    Amazon CEO Jeff Bezos
    Jeff Bezos dreams of a future where a trillion humans live inside gigantic space stations floating throughout the solar system.

    • Jeff Bezos dreams of a trillion people living throughout the solar system on gigantic space stations.
    • This is how humanity can thrive without robbing planet Earth of precious resources, in the process, according to Bezos.
    • Business Insider asked experts about how realistic Bezos' plan is. Here's what they said.

    When it comes to space exploration, Jeff Bezos dreams big.

    "I would love to see a trillion humans living in the solar system. If we had a trillion humans, we would have, at any given time, 1,000 Mozarts and 1,000 Einsteins," he told podcaster Lex Fridman in a 2023 interview.

    To realize this dream, Bezos envisions a future beyond his lifetime where humans live on giant space colonies floating through our solar system, not on planets like Mars. "The planetary surfaces are just way too small," to fit everyone, Bezos told Fridman.

    According to Bezos, leaving Earth would enable the human race to grow and thrive without destroying our home planet.

    Business Insider asked four different kinds of experts — from architects to astrobiologists — for their take on Bezos' plan. Here's what they said.

    Jeff Bezos's space colonies would look like cylinders

    blue moon lunar lander BlueOrigin_Colony One
    An artist's concept of an O'Neill space colony, which could theoretically emulate Earth-like living conditions in space.

    In Bezos' futuristic fantasy, we're all kicking back in space stations that look similar to a concept called O'Neill cylinders, named for physicist Gerard K. O'Neill, who first proposed them in the 1970s.

    "The vision of Gerard K. O'Neill is inspiring, but it's absolutely humongous," said Anthony Longman, an independent architect who put together a concept for space habitats designed to house roughly 8,000 people.

    That's notably larger than the International Space Station, which typically has seven astronauts on board at any given time.

    But a space habitat with 8,000 humans is nothing compared to O'Neill colonies that could house several million people and would be about 500 square miles, or as big as San Antonio, TX, inside.

    On the outside, these space colonies would measure 20 miles long, four miles wide, and rotate to generate artificial gravity for the humans onboard.

    O'Neill thought that we could establish natural ecosystems, bodies of water, and even weather systems inside. From there, we could build farms, transit systems, and bustling cities.

    blue moon lunar lander BlueOrigin_Colony Four
    O'Neill space colonies would be large enough to host entire cities, 10,000-foot-tall mountains, and millions of people.

    "I'm not saying they won't be built, but I think it will probably be some hundreds of years before we're able to build anything at that scale," Longman said of the O'Neill colonies.

    Bezos isn't suggesting that people will be living in O'Neill space colonies by the end of the century. Even so, that long-term vision is clearly shaping the present-day goals of Blue Origin, and the commercial space race at large.

    Both Blue Origin and its biggest competitor in the commercial space industry, Elon Musk's SpaceX, are developing technologies that Bezos and Musk hope could, one day, shepherd people to new lives outside of Earth.

    "I won't live long enough to see the fruits of this, but the fruits of this come from building a road to space, getting the infrastructure," Bezos told Fridman.

    Challenges of keeping humans happy and healthy in space

    blue moon lunar lander BlueOrigin_Colony Two
    Ensuring that humans have everything they need to survive and thrive in space would take a feat of science, engineering, and technology, experts say.

    There are many issues to address before we can live on giant space stations and colonize the solar system. But to keep it simple, let's start with the basics: food and reproduction.

    Researchers have grown a few crops on the International Space Station, including tomatoes and lettuce. Although these veggies are grown in different conditions, they appear to be just as nutritious as ones grown on Earth, research shows.

    However, to achieve the scale of agricultural production necessary for an O'Neill colony, "we need to develop these very safe, closed-loop, self-sustainable agricultural systems," said Rebeca Gonçalves, an astrobiologist formerly at the European Space Agency whose research focuses on how we might grow crops off-world, like on Mars.

    plants in space
    Lettuce growing on board the International Space Station is a fresh treat for astronauts who typically eat prepackaged food.

    As for human reproduction in space, Adam Watkins, associate professor of reproductive biology at the University of Nottingham, said we have a long way to go.

    "Giving birth in space — you just don't even want to contemplate the logistics and the difficulties that might be associated with that, let alone if there are any complications associated with it," he said.

    As far as we know, no one has ever had sex in space. And we've certainly never sent a pregnant person to space. The health risks are too high, Watkins said.

    Those risks stand in the way of research that could reveal how space radiation affects a developing fetus. So, scientists aren't sure what the impact would be.

    To eliminate those risks, space colonies would need healthcare systems that are just as equipped to handle reproduction as Earth's are, Watkins said.

    "It's one thing getting people into space, we can do that. That's fairly straightforward." Watkins said, adding that the hard part is "building those entire infrastructure communities where you've got those kinds of support structures in place, fully functioning, tried and tested, I think is a very long way off."

    Escaping Earth's problems may be a 'dangerous illusion'

    "Earthrise" from the moon, taken in 1968.
    "Earthrise" from the moon, taken in 1968.

    Our industrialized presence on the planet is driving climate change, resource scarcity, and a biodiversity crisis. Leaving Earth is a way for humanity to continue on its current path and preserve Earth in the process, according to Bezos.

    "We want to use a lot of energy. We want to use a lot of energy per capita. We've gotten amazing things. We don't want to go backward," he told Fridman.

    But Martin Rees, the United Kingdom's Astronomer Royal who advises the monarchy on astronomical matters, doesn't think that leaving Earth behind is the best option, he told Business Insider.

    Using space as an "escape for the problems we may cause with our own planet," is a "dangerous illusion," he said. "We should look after our own planet. It's the best we've got."

    Saving Earth would be far easier than building Bezos' space colonies, he told BI.

    Even if we never make it to space colonies, the work of researchers studying extraterrestrial colonization could benefit us here on Earth. For example, Gonçalves' research on Martian agriculture could help improve crop resiliency in degraded, sandy soils on our planet, she said.

    "I don't think these O'Neill-type space colonies are going to be nearly as attractive to spend your life on as it is to be living on Earth with its wonderful variety," Rees said.

    Read the original article on Business Insider
  • Trump says Taylor Swift shouldn’t endorse Biden because he ‘doesn’t know how to get off a stage’

    Swift Trump
    Former President Donald Trump questioned how Taylor Swift could support President Joe Biden.

    • Donald Trump questioned why Taylor Swift would support President Joe Biden.
    • The former president made his comments during what was billed as a policy discussion with House Republicans.
    • Swift endorsed Biden in 2020. She hasn't made an endorsement in the 2024 race.

    Former President Donald Trump is starting to get a reputation for commenting on Taylor Swift.

    On Thursday, Trump joined House Republicans for what was billed as a policy discussion to plan for the GOP's agenda if the former president wins in November. The gathering repeatedly went off the rails, according to multiple reports. One of the digressions was Trump's lingering resentment of Swift's support for Biden.

    "Why would she endorse this dope," Trump said, CNN reported. "He doesn't know how to get off a stage."

    https://platform.twitter.com/widgets.js

    Swift endorsed Biden in 2020. She has yet to endorse any candidates in the 2024 cycle. The pop star previously avoided commenting on politics but became increasingly vocal, starting with Republican Sen. Marsha Blackburn of Tennessee's successful candidacy in 2018. Swift's desire to weigh in on the race is detailed in her "Miss Americana" documentary.

    Trump, according to Politico, also noted that while in office he signed a law geared toward helping songwriters. Trump was likely referring to the Music Modernization Act, a 2018 bipartisan law that changed royalties and licensing in light of the streaming era. Artists had pushed to update music copyrights for years.

    This is far from the first time Trump has commented on the world's biggest pop star. According to the forthcoming book about Trump's time as a reality TV star, the former president repeatedly gushed that Swift is "beautiful."

    "I think she's beautiful — very beautiful! I find her very beautiful. I think she's liberal," Trump told author Ramin Setoodeh, according to an early excerpt from "Apprentice in Wonderland: How Donald Trump and Mark Burnett Took America Through the Looking Glass.

    Trump couldn't be accused of being a Swiftie, though. Setoodeh noted that he had to explain that Swift was no longer focused on country music after the former president questioned how a country star could be liberal.

    "She probably doesn't like Trump. I hear she's very talented," Trump said. "I think she's very beautiful, actually — unusually beautiful!"

    Tree Paine, Swift's longtime publicist, did not immediately respond to Insider's request for comment.

    Read the original article on Business Insider
  • A millennial architect and his fiancée turned a triangular car-repair shop into a tiny dream home — take a look

    Architect Richard Brown inside his home (right) and a full view of the triangular house from above (left).
    Architect Richard Brown has been living in a 430-square-foot triangular home for nearly two years.

    • Richard Brown converted a tiny, triangular car-repair shop into a home for himself and his fiancée.
    • The building is 430 square feet, with pointy edges and sharp corners that posed design challenges.
    • But Brown said it's the perfect size and is now set up to be their dream work-from-home space. 

    Academics spend thousands of pages theorizing why most homes are rectangular. Is it that the tools early humans used were bad at carving out curves? Is it influenced by our understanding of math, space, and gravity?

    Whatever the reason, most modern homes are — but, as with most things, there are always outliers.

    Case in point: a triangle-shaped former car-repair shop in London that architect Richard Brown and his fiancée bought for over £200,000, or around $250,000. They then converted the 430-square-foot space into a livable home via a $127,000 renovation, creative thinking, and a lot of elbow grease.

    The triangular home is in the heart of West Hampstead, a northwest London neighborhood where the average house costs roughly £1 million, or around $1.3 million.

    Brown, 37, lives with his fiancée Katrina, who asked that her last name not be used for privacy reasons, in the aptly named Triangle House. The property was recently shortlisted for the 2024 Don't Move, Improve! architectural competition recognizing London's most innovative home redesigns.

    Take a look inside, and learn how the car-repair shop went from grittily industrial to a light, plant-filled home for two.

    The 430-square-foot triangular property wasn't much to look at until Brown came along.
    A bird's-eye view of the Triangle House prior to renovation.
    The space was formerly used as a car repair shop.

    Before they bought the property in 2019, Brown told Business Insider that it was set up as a car mechanic, equipped to service two vehicles.

    At the time, Brown said, Katrina was looking to buy a property after inheriting some money.

    "You'd normally go and find a flat quite far out of London and get it without a mortgage," Brown said.

    However, Katrina, who is a music teacher, thought otherwise when they happened across the 430-square-foot building in West Hampstead.

    The car-repair shop cost over $250,000, but Brown said he and Katrina were instantly taken with it.
    An interior shot of a car garage in London.
    The car-repair shop needed a good amount of work to create the home Brown and his fiancée now live in.

    Brown said West Hampstead is a "valuable area" in London, but it wasn't the neighborhood that swayed them to buy the property.

    "The weird thing is, we weren't that attracted to the area as much as we were to specifically this little project in this little corner," Brown said.

    The couple wanted to renovate the space so that they both could work from home.
    An interior shot of a home shows a desk with two lamps in front of a window looking out onto green bamboo.
    The house is designed to blur the boundaries between a living and a working space.

    Brown is an architect who focuses on public, commercial, and private buildings, and Katrina is a musician who also runs a course that teaches music instructors how to better impart skills to their students.

    Brown loves music and describes himself as an "amateur musician."

    The couple wanted their home to be "clean" and "empty enough" for them to focus on their passions and professions, he said.

    While the house is "tiny," Brown said it's the perfect size for him and Katrina to live and work in.

    Brown also wasn't fazed at the prospect of living in a converted auto-body shop — his last home was a brick shed.
    Richard Brown standing in his triangle-shaped home.
    Brown is used to unique living spaces, having previously lived in warehouses in Hackney, another part of London.

    After moving to East London in the early 2010s, Brown became fascinated with industrial spaces, particularly warehouses, that people were using as living and work spaces.

    "I got really interested in affordability and interested in the way in which people were converting warehouses for creative uses," he said. The experience shaped his architectural style, which he said focuses on using simple, sustainable materials and techniques.

    Prior to the Triangle House, Brown had firsthand experience living and working in an unconventional space. His last home, for example, was a brick shed that he shared with six other people.

    It was a pretty "bare construction," Brown added, but he loved it.

    It took Brown a year to turn the tiny triangular building into his and Katrina's dream home.
    Richard Brown's fiancé Katrina sitting in their triangle-shaped home.
    Brown said he and Katrina drew up a contract when they decided to renovate the car-repair shop.

    Because Katrina bought the property with her inheritance money and Brown was the architect behind the renovation, they decided to draw up a formal contract on paper in case things went, as Brown said, "awry."

    "It was really her money and everything on the line," he added. "It was definitely a client-architect relationship because the project could have obviously defeated us, and we'd still have to deliver."

    Brown also carried out most of the renovations to keep costs down. In total, he said the project cost less than £100,000, or around $128,000.

    "It was under £100,000, mainly because, as a laborer, I wasn't paid," he joked.

    The renovation included putting in a new roof with a skylight and carving out an open-air courtyard.
    A photograph of a triangle-shaped house in London surrounded by a red brick wall.
    A skylight and courtyard allow light to pour into the home.

    Brown and Katrina were willing to move into the car-repair shop in its unrenovated state.

    "We actually just thought we could just come in here and put some windows in and pretty much just occupy it," he said.

    But to get a mortgage on the property as a residential space, he added, they had to make several changes for it to be deemed "properly habitable."

    "That was when we realized, 'Wow, we have to do a lot more work than we thought,'" he recalled. Upgrades included revising the internal layout of the car-repair shop and installing new drainage, windows, and roof.

    To let more light into the home, Brown designed roof skylights over the bathroom and main living space.

    The two doors that rolled up to allow cars to drive into the shop also got makeovers. One became an entrance to the courtyard and the home. The other got transformed into a large bay window facing the street that is also covered in plants.

    One of the biggest challenges was figuring out what to do with the former repair shop's pointy corners.
    A couch, plants, and a bookshelf in a triangle-shaped house.
    Brown's favorite spot in the Triangle House is a corner where he and Katrina take naps and watch TV.

    Designing a home with pointy corners — one of which is at a 40-degree acute angle — is tough, Brown said.

    In fact, he added, he and Katrina went through around 10 design concepts before landing on one in which they planned "something interesting" for each corner of the house.

    One corner holds their small courtyard, full of lush green plants; another houses the only bathroom. The third one, which is also the tightest corner of the property, has an upholstered daybed.

    Brown and Katrina have nicknamed it the "cozy corner."

    "We snuggle up in there, the two of us with the laptop watching Netflix all the time," he said. "It's the place to go at the end of the day and just fall asleep."

    Brown designed a bed that slides into the bedroom wall, creating more floor space.
    the bedroom and bathroom within a triangle-shaped house.
    The couple's bed can be rolled away into the wall of the bedroom.

    Although the couple initially considered designing the house as a studio, Brown said they ultimately decided to create a separate bedroom and bathroom.

    But he had to get creative to maximize each space.

    They dug down to lower the floor in the bedroom, which was "easy enough to do," he added. "And we were like, 'How do we use that extra space? How do we create storage?'"

    The answer, he said, was a slide-away bed. Unlike a Murphy bed, which usually flips into a cabinet, Brown designed the bed to slide underneath an empty cubbyhole beneath the floor of the adjacent room — the bathroom — whenever it isn't being used.

    A motorized system — to simply push a button and send the bed away into the wall — would have been great but costly, Brown added. So instead, he attached wheels to the frame. The couple just has to give it a quick push when they want more floor space in the bedroom.

    "It's never going to go wrong," he said.

    The couple has turned an industrial space into a home suited to both their work and personal lives.
    A bird's-eye view of a triangle-shaped house.
    Converting the car-repair shop cost Brown and his fiancée less than $130,000.

    Brown said his and Katrina's home exemplifies the ethos of most of his architectural projects, which blur the boundaries between living and working spaces.

    Their triangular abode has homey and cozy features, but when needed, it can also be quite a "formal space," he added.

    "When you take away the dining table, fold everything away, and clean it up," he said, it transforms into a triangular space that feels "industrial."

    And even though it's small, Brown said there's plenty of room for the couple to host guests.

    "Two weeks ago, we had seven people over rehearsing for a musical performance for someone's wedding — seven people with instruments in a space that's only 40 square meters," he said. "It worked quite well."

    Read the original article on Business Insider
  • Tim Cook explains why Steve Jobs pulling the first MacBook Air out of an envelope was ‘a huge moment’ for Apple

    Steve Jobs MacBook Air
    Steve Jobs introduced the MacBook Air in 2008.

    • Steve Jobs famously debuted the MacBook Air in 2008 by pulling it out of a manila envelope.
    • Tim Cook said the move "established a characteristic about that device that lives today."
    • The 13-inch MacBook Air is the best-selling laptop in the world today, according to Apple.

    Tim Cook reflected on one of Apple's most iconic product launches ever in a recent interview.

    Steve Jobs famously introduced the world to the MacBook Air in 2008 with a flourish, when he pulled the laptop out of a manila envelope to demonstrate how thin and portable it was.

    Apple CEO Cook talked about the moment's significance in an interview with tech YouTuber Marques Brownlee, also known as MKBHD.

    "That moment of taking it out of the folder established a characteristic about that device that lives today," Cook said. "The first one, it wasn't about how many people buy it, it was about establishing the foundation."

    "It was a huge moment for the company," Cook added.

    [youtube https://www.youtube.com/watch?v=kvfrVrh76Mk?si=EHGdiDrL4zLqpMud&w=560&h=315]

    "It's the world's thinnest notebook," Jobs said while announcing the product in 2008. "It's so thin it even fits inside one of these envelopes that we've all seen floating around the office," he added as he reached for the envelope and opened it to reveal the company's next big thing.

    So thin was the laptop that one former Newsweek reporter at the time, Steven Levy, reported losing his device precisely for that reason.

    "Levy isn't sure exactly what happened to his review machine, but strongly suspects that it was so thin that it got mixed up with a pile of magazines, which either he or his wife threw out," Wired wrote at the time.

    Today, the MacBook Air is one of the world's most popular laptops.

    Apple has said the 13-inch MacBook Air is the best-selling laptop in the world, and the 15-inch model is the world's bestselling 15-inch laptop.

    The company in March announced a new MacBook Air with Apple's proprietary M3 processing chip.

    The 13-inch model of the new MacBook Air measures 0.44 inches wide, while the 15-inch model is 0.45 inches wide, according to Apple. The original MacBook Air from 2008 measured 0.16 inches at its thinnest and 0.76 inches at its thickest.

    The company's latest iPad Pro, introduced in May, is actually the thinnest Apple product ever though, with the 11-inch model measuring 5.3 mm, and the 13-inch model coming in at 5.1 mm.

    The iPad Pro is the thinnest Apple product to date.
    The 2024 iPad Pro is the thinnest Apple product to date.

    Cook also touched on other topics in his interview with Brownlee.

    Asked about his legacy, Cook said he doesn't pay it much attention and that "legacy is something that is defined by other people."

    Cook also spoke about the company's recently unveiled AI, called Apple Intelligence, saying it could mean people actually spend less time on their phones because it could help them complete time-consuming tasks faster.

    Read the original article on Business Insider
  • A consumer-packaged goods giant is harnessing AI to produce more toothpaste and dog food in less time

    Colgate-Palmolive is using AI-powered technology in its factories' manufacturing lines.
    With AI-powered technology, Colgate-Palmolive can optimize quality control in its factories' manufacturing lines.

    • Colgate-Palmolive uses sensors and robotics to speed up quality checks with less human intervention.
    • These tools allow the company to optimize manufacturing at its 49 plants.
    • This article is part of "The Future of Supply-Chain Management," a series on companies' manufacturing and distribution strategies.
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    Colgate-Palmolive produces more than 15,000 tubes of toothpaste a minute.

    To ensure the manufacturing line was running properly, an employee would perform quality checks every 30 minutes to make sure that the Colgate toothpaste tube was aligned properly, its seal was sturdy, its artwork was printed properly, and the box's case matched the tube.

    But with new technology investments, sensors, and other digital tools, the company can now conduct quality checks continuously. Similarly, the consumer products giant is rolling out analytical testing for Hill's pet food, using robotics to ensure the quality of the food matches the desired formulation.

    With less human intervention, "people can really focus on the operation of the lines," Luciano Sieber, Colgate-Palmolive's chief supply-chain officer, told Business Insider.

    How COVID changed supply chains for consumer-products giants

    Colgate-Palmolive produces Irish Spring soap, Speed Stick deodorant, and Ajax cleaning supplies at 49 plants, and those products are stocked at close to 200 warehouses globally. Colgate-branded products are found in almost 60% of households worldwide.

    Like other consumer-packaged goods giants, Colgate-Palmolive's supply chain was built on a fairly steady business model. Large volumes of goods are made at its plants, then shipped to warehouses that distribute them to large retailers.

    However, the supply chain is more complex now because consumer shopping patterns have changed. COVID led to a spike in demand at e-commerce stores that sell household goods, even those that were still available at physical stores. Food and personal-care products saw the greatest revenue growth in transitioning to online channels, according to the Commerce Department's International Trade Administration.

    That migration of spending has stuck, even after the pandemic waned, putting greater pressure on consumer brands to ensure their supply chains are as efficient as possible. CPG brands aren't just shipping to large accounts like Walmart and Target. Food and household goods are now coming from a lot more locations to reach shoppers.

    Automation and AI allow for more efficient manufacturing

    Automating Colgate-Palmolive's manufacturing lines helps smooth out location-related variables, the company said.

    In Europe, where product formulas can vary by region, a plant might have hundreds of combinations of packs and formulas, and there are thousands of vendor partners for Colgate's toothpaste, tubes, and containers.

    With artificial intelligence, the plants can use algorithms to optimize the manufacturing plan for all the different toothpastes the company produces.

    "It supports our growth, but also it minimizes the amount of capital expenditure we need to invest in more capacity because we can optimize what we already have," Sieber said.

    Emma Rolfe, Colgate-Palmolive's senior vice president of global supply, demand, and e-commerce, said that leveraging AI helps the company more effectively adjust for changes to the workflow when a new formula is added or capacity requirements change when demand increases locally.

    "That is something that today takes many hours, and you get many different answers depending on who you are," Rolfe said. "AI can help in a more standardized way."

    New AI tools help track and trace goods

    Colgate-Palmolive is piloting digital AI tools, including track-and-trace technology, that can give retailers automatic updates to their product orders, including any delays that might occur during shipping.

    Sales representatives can use a phone to scan a shelf in a store, leverage AI to look for gaps, and determine which items need to be restocked to meet the demand of that store's customer base.

    Last year, the company opened a new Hill's pet-food factory in Kansas, a 365,000-square-foot facility that's Colgate-Palmolive's first "smart" factory, which relies on AI and automation and fewer people. It's allowed the company to shorten its production cycle, create flexibility to innovate new pet-food products, and decrease energy and water use compared to other plants, a press release from the company said.

    "Every single operation, like quality testing, has been automated and that enables for a much more efficient factory," Sieber said.

    As is often the case with AI and automation, new factories like the one in Kansas raise questions about their impact on jobs. But Sieber stresses that humans will always participate in manufacturing.

    "What we find in our most advanced sites is technologies alone, they don't solve everything," Sieber said. Upskilling Colgate-Palmolive's workforce, he said, moves people "away from doing manual work to really using the power of critical thinking and conceptual thinking to improve process performance."

    Read the original article on Business Insider
  • Here’s how much I’d have if I’d bought 500 CBA shares 10 years ago

    A woman in a bright yellow jumper looks happily at her yellow piggy bank representing bank dividends and in particular the CBA dividend

    Commonwealth Bank of Australia (ASX: CBA) shares closed up 1.11% yesterday, trading for $125.48 apiece.

    That sees shares in the S&P/ASX 200 Index (ASX: XJO) bank stock up an impressive 30% since this time last year, not including the two fully franked dividends eligible shareholders will have received.

    And it sees Australia’s biggest bank commanding a market cap of $210 billion.

    Now investors who’ve listened to the chorus of bearish analyst views on the valuation of CBA shares may have been spooked into selling their holdings and missed out on some of those outsized gains.

    Investors who’ve kept their long-term goals in mind and held onto shares, on the other hand, should be sitting pretty.

    How pretty?

    Let’s dig in.

    500 CBA shares at 2014 prices please

    One year ago, on 13 June 2014, I could have snapped up CBA shares for $81.39 apiece.

    Meaning my 500 shares would have set me back an even $40,695.

    A tidy sum, to be sure. But an investment that would have paid off in spades.

    At yesterday’s closing price of $125.48 a share, my 500 shares would now be worth an even $62,740.

    That equates to a 54.17% gain on my initial investment.

    Not bad.

    But let’s not forget the dividends.

    Why passive income investors like CommBank stock

    CBA shares have long been a favourite among passive income investors.

    That’s because the big four bank has a lengthy track record of paying two annual, fully franked dividends a year. A record that reaches back more than a decade. And one that includes the pandemic addled year of 2020.

    If I’d bought CommBank stock on 13 June 2014, I would have been eligible to receive the $2.18 final dividend. That welcome passive income would have hit my bank account on 2 October 2014.

    I would then also have received 19 more dividend payouts to date.

    Turning to my trusty calculator, that works out to a total 10-year payout of $40.47 per CBA share. With some potential tax benefits from those franking credits.

    Now, I’d likely have done better by reinvesting those dividends as they came in.

    But we’ll assume I spent that passive income on some extra little luxuries instead.

    So, we’ll just add that $40.47 in dividends into yesterday’s closing share price of $125.48, which brings the accumulated value of my CBA shares bought 10 years ago to $165.95.

    Meaning my 500 shares, purchased for $40,695, would now be worth an accumulated $82,975.

    That represents a gain of 103.90%.

    Happy investing!

    The post Here’s how much I’d have if I’d bought 500 CBA shares 10 years ago appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Commonwealth Bank Of Australia right now?

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    Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Commonwealth Bank Of Australia wasn’t one of them.

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    And right now, Scott thinks there are 5 stocks that may be better buys…

    See The 5 Stocks
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  • A man born in Japan — where tipping is rude — is part of a growing number of Americans rejecting tipping in the US

    A man sitting at a table at a Japanese restaurant.
    Ken Ozeki has strong opinions about the tipping culture in America — particularly compared to his native Japan.

    • In a recent survey, more than a third of US adults said "tipping has gotten out of control."
    • Californian Ken Ozeki,  born in Japan, said the Japanese don't feel obliged to tip like in the US.
    • He told Business Insider he often pays in cash and picks up food to avoid the charges.

    Whenever Ken Ozeki buys a cup of coffee, he will tap the "custom tip" option on the swiveling tablet and round up the price to the nearest dollar.

    He would never consider paying the barista the 20% gratuity that has become standard in the US.

    "I'm not that person," the 41-year-old said.

    According to a recent Bankrate survey, he's among a population of frugal — often frustrated — consumers. Researchers found that an increasing number of Americans are unwilling to leave generous tips.

    Thirty-five percent of respondents agreed that "tipping culture has gotten out of control." A senior industry analyst at Bankrate, Ted Rossman, said rising inflation was partly responsible.

    "Some of it is high prices, some of it is tip creep, some of it is maybe just people feeling like they don't have a lot of money to go around," Rossman told Business Insider.

    Ozeki blamed much of his reluctance on contactless digital registers — which became popular during the pandemic — programmed to "demand" extra fees.

    "I went to a self-serve frozen yogurt shop, and they wanted an additional 20% at the register," he said. "I thought, 'Wow! I'm tipping for the privilege of serving myself!'"

    Ozeki has been living in the US since first grade but frequently travels to his native Japan

    The public relations specialist claimed some businesses used new technology and the so-called "streamlining" of payments as an excuse to overcharge consumers.

    "They think people will be more forgiving of sticker shock if they assume the increase is going to the person providing the service," he said.

    "But there's no guarantee that the employees get it," he added. "Companies are cutting corners and getting craftier."

    Ozeki, who immigrated to the US from Japan with his family around age 6, said tipping is anathema to people in his native country, which he visits yearly.

    "There is such a high emphasis on delivering the utmost, interactive service when staff are dealing with customers," the San Franciscan said. "They don't believe in people giving them extra money for doing what is expected of them."

    He said it would be considered rude to hand a tip to a hospitality worker, such as a hotel concierge, in exchange for directions or a restaurant recommendation. "They would probably refuse to take it," Ozeki said.

    Still, back in the US, he recognized the argument that low-paid workers in the service industry have traditionally relied on tips to earn a living wage.

    Ozeki never ordered food for delivery

    But he said that recent increases in the minimum wage have changed the landscape — at least in certain states.

    In California, for example, the minimum wage for fast-food workers rose by law this year from $16 to $20 an hour. The deal was struck as a compromise to initial demands of $22 an hour with annual raises.

    "The current minimum wage at a fast food place is higher than my starting salary 15 years ago," Ozeki said.

    He said he never ordered food for delivery because of the expected tip. "I pick it up myself," he said. "There's no need for me to tip the cashier for processing my payment or the person moving something a couple of feet across the counter for me to retrieve."

    For sit-down meals, he often rounds up the bill to the nearest dollar if the service is "minimal" and he doesn't expect to return.

    If the restaurant is more upscale and, he suggested, the waitstaff "attentively brings drinks and dishes to the table for 30 minutes or more," he would honor the included service charge.

    The 41-year-old said taxi drivers prefer to be paid in cash

    "An automatic gratuity indicates that the business is treating its staff well," he told BI.

    As for transport, he doesn't use ride-hailing services like Uber or Lyft — principally because of the expected gratuity. "I call a regular cab from my home and pay by cash, not a card," Ozeki said. "The drivers are grateful because they don't lose out by digitally processing the charge and paying the middleman."

    He also pays the woman who cuts his hair in cash — with no tip. "I go to a neighborhood place where she works out of her garage," he said. "I pay the agreed amount and leave."

    Are you tired of tipping culture in the US or abroad? Have you seen your tips dip recently as a service industry worker? Please share some details with jridley@businessinsider.com

    Read the original article on Business Insider
  • 8 of the best scents to wear this summer, according to professional perfumers

    bottles of perfume on a metal tray with little flowers beside it
    Summer is all about light floral, citrus, and fruity scents.

    • Business Insider spoke to two professional perfumers about the best scents to wear this summer. 
    • Tomato leaf and leather with citrusy undertones are great unisex options.
    • Instead of using warm vanilla scents, opt for fruity notes for a lightweight balance. 

    As wardrobes change with the weather, so do perfumes.

    Fragrances are one of the biggest affordable-luxury trends that have boomed in recent years, so Business Insider asked two professional perfumers what scents everyone should wear this summer.

    Here's what the experts said.

    Tomato leaf is a unique but pleasant base scent for warmer months.

    closeup shot of tomatoes on a vine in a garden
    Tomato-leaf perfumes smell like a summer garden.

    According to Caitlin Hayes, founder of Sorcellerie Apothecary, tomato-leaf scents are reminiscent of summer weather and savory garden aromas.

    "After a morning spent in the garden, the distinctive sweet and spicy scent of tomato leaves and vine lingers on your hands," she told BI. "So this is a perfect reminder of that."

    Hayes recommended Garden Heaux by the Seattle-based company Samar.

    A mixture of peony and bergamot is great for summer

    Although floral scents never seem to be out of style, perfumes that offer a specific mix of peony and bergamot are the way to go this summer, according to Ashley Santiago, junior perfumer at Givaudan.

    "It doesn't get more 'hot girl summer' than this scent, and it's a huge compliment getter as my go-to night-out fragrance when it's warm," she told BI.

    She said Carolina Herrera's Good Girl Blush is a great option for this scent profile.

    Mango is a classic and delicious scent to wear

    two halves of a diced up fresh mango on a plate
    Some mango fragrances are more realistic than others.

    It's mango season, and that goes for both the fruit and the wearable scent.

    "This fresh, tropical summer fruit is having a moment — the more realistic, the better," Hayes said.

    Santiago recommended Phlur's Mango Mood Body Mist for a realistic and fresh scent.

    Tuberose is trending again, and you don't want to miss out

    Tuberose has been around for hundreds of years, and according to Hayes, the floral scent is finally falling back into the spotlight.

    "Prized for centuries for its sensual scent, it can have a cooling effect," she told BI. "Think gauzy, sweet white petals, still blooming or tempered with soft spice."

    The perfumer recommended trying Tuberose Tantra by Kismet Olfactive.

    If you like tea, it might be your perfect summer scent

    cup of tea in front of a white teapot on a table
    Tea scents are light enough for summer.

    According to Hayes, incorporating tea-scented perfumes into your summer rotation is a great and lightweight option.

    "Green tea, black tea, matcha, oolong, Earl Grey — however you enjoy your cuppa, there's a perfume for that," she told BI

    Some of her favorite options include Nest Fragrances' Indigo and Sweetly Known by Kerosene.

    Sweet, citrusy scents are replacing warm vanillas this summer

    It's time to put away warmer vanilla scents and opt for light, citrusy alternatives.

    "Caramel and vanilla are usually welcome, but heavy gourmands can start to feel oppressive in the heat — a zingy citrus scent has a way of balancing the sugar," Hayes told BI.

    The perfumer said Love and Crime by Ex Idolo is a good option for a sweet, citrus smell.

    Salted caramel and pistachio make a warm and surprisingly beachy combo

    pistachio cheesecake with caramel sauce and pistachios on top
    Pistachios and salted caramel blend together nicely.

    If you want to smell toasty and beachy, Santiago recommended finding a body spray with notes of salted caramel and pistachio.

    "I first discovered this salted-caramel-pistachio scent through hair oil and was so happy to see they offered it in a mist format," she told BI.

    Sol de Janeiro's Brazilian Crush Cheirosa 62 fragrance mist is the perfumer's top lightweight pick.

    Instead of heavy leather scents, look for ones with notes of bergamot

    Leather scents are typically reserved for colder months, but if you find ones balanced with citrus, it could be perfect for summer.

    "A leather note combined with some bright citruses like bergamot is an unexpected and unisex combination," Santiago said.

    She recommended Memo Paris' Sicilian Leather perfume.

    Read the original article on Business Insider
  • Elon Musk has been draining Tesla’s AI talent dry, shareholders allege in lawsuit

    image of Musk holding up his hands
    Musk attending an event at the Academy Museum of Motion Pictures on April 13, 2024 in Los Angeles, California.

    • Tesla shareholders are demanding that Elon Musk stop diverting AI resources away from the company.
    • They allege in a new lawsuit that Musk has treated the company with "brazen disloyalty."
    • Tesla's board, they argue, has done nothing to stop him.

    Some Tesla shareholders allege Elon Musk has been draining Tesla dry in an act of "brazen disloyalty" to his company.

    The group of shareholders filed a new lawsuit against Musk and Tesla in Delaware, where the company is incorporated, on Thursday.

    In it, the shareholders accuse Musk of diverting critical AI talent and resources away from Tesla and into his new AI-focused company, xAI.

    They also allege that Tesla's board hasn't tried to stop him.

    Representatives for Tesla did not immediately respond to BI's request for comment.

    The plaintiffs allege in the suit that Musk has recently touted Tesla as more of an AI company than simply an electric car company.

    He has, for example, repeatedly said that building out AI capabilities is essential to Tesla's future growth and success, doubling down on this commitment both to investors and in SEC filings, the lawsuit alleges.

    During Tesla's quarterly earnings in April, the company gave investors a sneak peek at its plans for a robotaxi fleet, sending the stock soaring despite posting weak financial data.

    But, the plaintiffs argue that ever since he founded xAI in 2023, Musk has poached AI-focused employees from Tesla and into his new startup. At one point, in response to a suggestion that a major AI researcher should work for Tesla, Musk publicly commented that he should join xAI instead, the lawsuit states.

    It's not just AI talent that Musk is pilfering from Tesla — the shareholders also allege that Musk has redirected critical Nvidia GPUs from Tesla to xAI, despite previously stating that the car company would gobble up the hardware as fast as Nvidia could deliver it.

    And Musk has flirted with focusing his AI efforts outside Tesla unless he gets a bigger stake in the company.

    In January 2024, Musk posted on X, formerly Twitter, "I am uncomfortable growing Tesla to be a leader in AI & robotics without having ~25% voting control . . . . Unless that is the case, I would prefer to build products outside of Tesla." The shareholders referenced that post in their lawsuit.

    As for Tesla's board of directors, the shareholders allege they are just bowing down to Musk.

    "Consistent with its long history of obsequiousness to Musk, the Tesla Board has utterly failed to even attempt to meet its unyielding fiduciary duty to protect the interests of Tesla and its stockholders in the face of Musk's brazen disloyalty," the suit alleges.

    The shareholders demand in the suit that Musk and Tesla's board answer for their "disloyalty" and return the value that Musk has pulled away from Tesla back to the company.

    Quite a lot of company value has been lost from Tesla of late, though it's unclear if that's solely due to Musk's alleged betrayal.

    Tesla's stock has dropped more than 25% so far this year; some critics have argued Musk is being distracted by other projects.

    The sharp decline in Tesla stock this year has even affected Musk's proposed pay package, dropping it from an estimated $55 billion down to $45 billion.

    Read the original article on Business Insider
  • I used to regularly fly on ultra-low-cost airlines to save money, but the cheap tickets aren’t worth the headache anymore

    Delta A220 cabin with seatback screens.
    I prefer basic economy on mainlines because they come with the cabin perks at a cheaper price.

    • I used to opt for ultra-low-cost airlines because the cheap fare was worth the same no-frills experience.
    • A crackdown on bag size, poor customer service, and worse reliability pushed me away from ULCCs.
    • Mainline carriers' basic economy is a better bang for your buck, and it's even sometimes cheaper.

    Since I got the travel bug in college, I've spent a lot of time on US airlines — but mostly on ultra-low-cost carriers, or ULCCs, like Spirit Airlines and Frontier Airlines

    I always loved the thrill of scoring a cheap ticket, and my younger self was perfectly OK with the no-frills cabin and stuffing everything into a personal item. 

    Sacrificing comfort and onboard freebies to save a buck was worth it then, and the ULCCs were banking on travelers like me to stay loyal to the business model.

    However, flexibility and convenience have become more important to me in recent years, and this is where the ULCCs have slipped while mainline carriers have improved.

    Plus, I'm not convinced that Frontier and Spirit's recent addition of "premium" perks will give either a competitive edge.

    Cheap mainline tickets still come with cabin perks 

    I know when I book a ULCC that I am committing to at least a few hours of sitting in a cramped, bare-bones plane, where even a cup of water costs money.

    Most seats don't recline, have headrests, or have televisions. Only Spirit offers WiFi — and for a fee.

    The author's legroom on a Spirit flight in August 2023.
    The author's legroom on a Spirit flight in August 2023. Frontier and Spirit offer 28 inches of pitch, while coach seats on all three mainline carriers start at 30 inches.

    These cabins can be bearable on shorter flights when the fare is a really good deal. But why settle when mainlines combine the best of both worlds?

    American Airlines, Delta Air Lines, and United Airlines recognized the budget competition years ago and created their own version of a cheap ticket: basic economy. The goal was to lure in price-conscious travelers like me with discounted but still amenity-heavy tickets.

    These stripped-down fares have limitations. United doesn't allow a carry-on bag while American and Delta do, for example. Still, all three come with the regular mainline cabin perks, like reclining seats, in-flight entertainment, headrests, free snacks and drinks, and standard legroom.

    The Kindle Fire on the tablet holder.
    I flew on American in May on a basic economy ticket, and I loved the tablet holder.

    Further, domestic WiFi is free on all three for eligible T-Mobile customers like me, while Delta and American have their respective free internet packages — even for basic economy ticketholders.

    ULCCs are not always cheaper once you do the math

    In my experience, mainline tickets are sometimes cheaper than Frontier or Spirit.

    For example, the base fare for a roundtrip evening flight from LaGuardia Airport to Orlando in mid-August costs $211 on Spirit and $277 on Delta.

    Screenshot of Google Flights showing Spirit and Delta fares from LaGuardia to Orlando in mid-August.
    The $230 roundtrip shown in the picture is the price if you booked Delta one way and Spirit the other. It's $277 if you book Delta both ways.

    Once you factor in the $50 fee for a carry-on bag on Spirit — which applies in both directions — the total price is $311. Reserving a specific seat would be another $30 at least, with the cheapest seats being $15 per leg.

    Delta's basic economy already includes a carry-on and a standard seat with WiFi, power, and entertainment. However, it doesn't offer seat selection, even if you want to pay extra. And, unlike Spirit's new policy, Delta charges change and cancel fees for its cheapest tickets.

    Despite the pros and cons, it's still an easy choice.

    With everything equal in terms of route, timing, and carry-ons, Delta is $34 cheaper.

    I don't want to worry about the size of my carry-on

    United CEO Scott Kirby said it perfectly in a podcast interview last week: "They don't treat their customers right."

    He specifically pointed to an unnamed ULCC that charged people $99 for carry-ons and then paid a commission to the agent who charged the fee. 

    I've never been charged for a personal item or carry-on on Frontier or Spirit because I follow the rules to a T.

    However, the Frontier fiasco proved that it may not matter if you follow the rules — there's an incentive to charge people anyway. This adds a level of stress I don't have when flying the mainline.

    My backpack fit perfectly inside the personal item size checker.
    My backpack fits perfectly inside the size checker on Frontier. On my three flights last year, the gate agent checked every personal item and carry-on during boarding.

    To their credit, the ULCCs have ditched some of their low-cost strategies with more premium options. Spirit has dropped all change and cancel fees, and Frontier is adding business-class-like seats to lure in more premium travelers. 

    But it's too little too late, in my opinion. The two still lag in terms of customer service, both ranking last in terms of customer complaints and the economy product for 2023. 

    One of the best examples is that Frontier's only line of communication between the customer and the airline is an online chat, not a phone number. 

    It's a way to save on costs but at the customer's expense — which is exactly Kirby's point. 

    Frontier and Spirit have limited routes and poor reliability

    Frontier and Spirit ranked last for flight delays and cancellations last year, according to Cirium, and they collected the highest number of customer complaints.

    Sure, you could get delayed and canceled on any airline anytime — but the data doesn't lie. I have a better shot of getting to my destination on time by booking a mainline.

    ULCC networks are also less robust than mainlines. The flights are commonly early in the morning or late at night, and there are fewer frequencies per day. This inconvenience makes flying ULCCs more risky overall.

    For instance, if I miss a connection or my flight is canceled, the mainlines have a bigger network with more re-booking options. In my LaGuardia to Orlando example, Spirit's morning flights leave before 10 a.m., and the evening flights leave after 9 p.m.

    Delta has options all day. I like that peace of mind. 

    Read the original article on Business Insider