Well, to truly understand the genesis of this peculiarity, you have to go back to 1893. 👇(1/n)
Financial Times is an up-and-coming newspaper. They are trying to stand out from the competition. So the management decides to switch things up. They make subtle changes to the newspaper and add a slight hue.
As the paper put it — “In order to provide outward features which will distinguish the Financial Times from other journals, a new heading, and distinctive features will be introduced, and the paper will be slightly tinted.”
Also technically they weren’t adding color. Paper is just many shades of brown since it’s derived from wood pulp. You’d have to cook it and bleach it to make it white. But if you stop the bleaching midway, you might actually be left with pink paper.
Ergo, it's actually cheaper to produce this stuff. And believe it or not, many newspapers followed suit to make sure the financial/economic variants of their newspapers looked distinct from their primary offering.
So there you have it — “The mystery of the nauseating color laid bare for all to see”
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If you are a salaried employee, then congratulations!
You already have ₹7 lakh worth of FREE life insurance.
Here’s how👇(1/n)
👉Well, kudos to the Employees' Deposit-Linked Insurance (EDLI) scheme.
👉Under EDLI, all folks with an EPF account are eligible for a free life insurance cover.
For those unaware, EPF stands for Employee Provident Fund—a retirement benefits scheme under which monthly contributions are made by the employee and employer to the employee's EPF account.
Why is a credit card battle brewing between Amazon & Visa?
A thread. (1/n)🧵
Amazon is at loggerheads with credit card market leader Visa.
Apparently a couple of days back, Amazon told Visa credit card users in Australia and Singapore that they will be facing a 0.5% fee for using them on its websites there.
And now Amazon’s latest move is its announcement saying it will stop accepting Visa-branded credit cards in the UK starting next year.
What’s more, is that Amazon has been planning to switch its own co-branded card from Visa to MasterCard.
Pepsi briefly became the 6th largest military in the world!
Here's how 👇 (1/9)
Back in the 50s, Pepsi Cola had been trying to set up shop in the USSR.
Finally in 1972, after the efforts of Pepsi executive Donald Kramer, it successfully carved a deal to sell Pepsi in USSR. With this, Pepsico became the 1st large US company to enter the Soviet market (2/9)
After entering the country, Pepsi witnessed great success.
It generated revenues to the tune of ~$500 million in 1989. As it had no competition, the company was practically minting money. (3/9)