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Science

Patagonia founder donates his entire company to help address climate change

Conscious business at its finest.

patagonia, patagonia donated, patagonia founder

Valuing the planet is its business.

Patagonia is a brand synonymous with integrity. Millions of people love not only its high-quality athletic wear, but also the way the company consistently puts its money behind its principles—whether through donating a $10 million tax cut to help the environment or providing on-site childcare and other supportive policies for employees who are also parents.

Yvon Chouinard, founder of Patagonia, continues to prioritize impact over profit, as he recently announced that he’ll be giving away his multimillion dollar company. Not selling it. Not making public. Donating it.

The decision, Chouinard wrote in a statement, was made in order to put more money into addressing climate change while keeping the company’s values intact. Selling wouldn’t guarantee maintenance of those values or ensure that employees would keep their jobs. And going public would have been, as Chouinard put it, a “disaster,” explaining that “even public companies with good intentions are under too much pressure to create short-term gain at the expense of long-term vitality and responsibility.”

With “no good options available … we created our own,” Chouinard wrote.


Going forward, as CNBC explains, the company’s stock will go from privately owned to being owned by the Patagonia Purpose Trust. This trust, overseen by members of the Chouinard family and a few advisors, will receive all of the voting stock—which is a small 2% of the total—as a “permanent legal structure” to protect the business’s purpose.

Meanwhile Holdfast Collective, a nonprofit dedicated to environmental causes, will own the nonvoting stock, amounting to 98%. In other words, all profits not reinvested back into Patagonia will go toward saving the planet.

“Earth is now our only shareholder,” the statement read.

The unconventional business move is nothing unusual for the rock-climber-turned-billionaire with an unwavering commitment to sustainability. In an exclusive interview with The New York Times, Chouinard shared his hope that the announcement will “influence a new form of capitalism.”

In a time when megawealthy business owners seem less likely to donate their shares for the good of humanity and more likely as a tax evasion tactic, this new form of capitalism sounds more attractive than ever. Not only attractive, but possible, as Patagonia has continuously proven that a business can thrive while still being responsible. Now it's taking it a step further, truly making a better world more attainable.

There is often an unspoken, yet deeply ingrained belief that money—being the root of all evil and all—is what corrupts us. But perhaps it is instead the choices one makes with their power that determines their character. Wealth without consciousness is dangerous. The cost—like exploiting Earth’s finite resources—is great. Luckily purpose-driven leaders like Chouinard use their success to make the world a better place. Hopefully others will follow suit.

Democracy

This Map Reveals The True Value Of $100 In Each State

Your purchasing power can swing by 30% from state to state.

Image by Tax Foundation.

Map represents the value of 100 dollars.

As the cost of living in large cities continues to rise, more and more people are realizing that the value of a dollar in the United States is a very relative concept. For decades, cost of living indices have sought to address and benchmark the inconsistencies in what money will buy, but they are often so specific as to prevent a holistic picture or the ability to "browse" the data based on geographic location.

The Tax Foundation addressed many of these shortcomings using the most recent (2015) Bureau of Economic Analysis data to provide a familiar map of the United States overlaid with the relative value of what $100 is "worth" in each state. Granted, going state-by-state still introduces a fair amount of "smoothing" into the process — $100 will go farther in Los Angeles than in Fresno, for instance — but it does provide insight into where the value lies.

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Health

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Many believe that when helicopter parents shelter kids from discomfort, they never develop the emotional resilience that it takes to succeed on their own.

Some may even attribute this to the increase in mental illness.

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A young woman drinking bottled water outdoors before exercising.



The Story of Bottled Waterwww.youtube.com

Here are six facts from the video above by The Story of Stuff Project that I'll definitely remember next time I'm tempted to buy bottled water.

1. Bottled water is more expensive than tap water (and not just a little).

via The Story of Stuff Project/YouTube


A Business Insider column noted that two-thirds of the bottled water sold in the United States is in individual 16.9-ounce bottles, which comes out to roughly $7.50 per gallon. That's about 2,000 times higher than the cost of a gallon of tap water.

And in an article in 20 Something Finance, G.E. Miller investigated the cost of bottled versus tap water for himself. He found that he could fill 4,787 20-ounce bottles with tap water for only $2.10! So if he paid $1 for a bottled water, he'd be paying 2,279 times the cost of tap.

2. Bottled water could potentially be of lower quality than tap water.

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Family

Millennial mom charges her 3 young children rent, sparking debate among parents

Her goal is teach her children how to budget and pay bills “in a safe environment.”

Representative Image From Canva

It's important to teach kids about financial responsibiltiy. But is this too far?

Back in May of 2023, a Texas couple sparked a huge parental debate after saying that they charged their 19-year-old daughter rent after she graduated high school. While some thought it taught responsibility, others felt like they were merely adding another arbitrary obstacle for their child.

Now, if this was the response to a 19-year-old getting charged rent, imagine how folks might feel to hear about it happening to kids under 13.

In a viral TikTok, mom and personal finance influencer Samantha Bird shared that she charged her three elementary school-aged children rent and utilities each month. This method might seem unconventional, but Bird argues that it’s simply a way to learn about money “in a safe environment.”

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According to The National Desk, squatters' rights are a carryover from British property law and were created to ensure that abandoned property could be used and to protect occupants from being kicked out without proper notice. It should go without saying that squatter law isn't meant to allow someone to just take over someone else's property, but sometimes that's exactly what happens.

It's what happend to Flash Shelton's mother when she put her house up for rent after her husband passed away. A woman contacted her with interest in the property, only she wanted to do repairs and look after the home instead of paying rent. Before anyone knew it, she had furniture delivered (which she later said was accidental) and set up camp, despite Shelton's mom not agreeing to the arrangement.

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via Dorilee and Sean Lavin (used with permission)

Sean and Dorilee Lavin feel complete.

Dorilee Lavin, 39, was a divorced mother of 3 living in Vermont. When she was ready to find her next relationship, she made a list of characteristics she wanted in her next husband. “I manifested him hard,” Dorilee, 39, told Today.com.

Three days later, she saw a tall, dark-haired man named Sean walking his 2 daughters to school and hoped he was single. “It was the sweetest thing ever, like an image you’d see in a magazine,” she recalled. "They had such a happy energy."

After some research, she discovered that he was single, too. Unfortunately, their paths didn’t cross and the school year was nearing its end. "I never got the chance to connect with him, but the [after-school care] was tired of hearing me talk about him to them," she confessed in a TikTok video with over 1.7 million views.

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