The family-owned German brand has more than doubled production since 2012. This is the story of how stylish shoppers have embraced the sandals once regarded as the aesthetically challenged footwear of comfort-minded hippies.
If you didn’t know that Birkenstock has seen a huge resurgence in the past few years, it’s probably because you never stopped wearing them, like my friend Rob, who got his first pair 37 years ago, when he lived on a commune. This summer in Provincetown, says the stylist Miguel Enamorado, “since Birkenstock has made the rubber sandal, everyone in P-town is wearing them. It’s the new flip-flop.” He means the new polymer sandals, known as EVAs, which are molded in the shape of Birkenstock’s tried-and-true styles — the two-strap Arizona, one-strap Madrid, and thong Gizeh — and cost $40, as opposed to $100 and up for the traditional styles. The EVAs now account for as much as 15 percent of the 25 million pairs of shoes the company will make this year.
More at NY Magazine
Americans, particularly younger generations, are losing their connection to the idea of private ownership. For the individual, that’s not necessarily a bad thing. But for the overall U.S. economy, it might not be so great.
Economist Tyler Cowen is nervous – Bloomberg
August 1, 1793: France became the first country to adopt the metric system of weights and measures.
The courts have reluctantly ruled that Tina Owens, 68 years old, must stay unhappily married to her husband of 40 years, because she cannot sufficient grounds, according to the current divorce law.
This is sad and obviously the laws need to be updated to reflect current realities.
More: The Independant, The Telegraph
Three dead, including shooter, 12 injured in Toronto mass shooting
Globe and Mail:
What we know so far:
- Two victims are dead.
- 12 people are injured.
- The shooter is dead. It is unclear if he died by suicide or was shot by police.
- Toronto Police have not released the identity of the shooter. SIU announced Monday morning he was 29 years old.
- Police confirmed the shooter used a handgun, but refused to speculate on motive.
Amazon Inc. founder Jeff Bezos’ net worth topped the US$150-Billion mark on Monday morning, making him the richest man in history.
Bezos crossed the symbolic threshold as Amazon was kicking off its 36-hour Amazon Prime Day summer sales event, aka Christmas in July.
Bezos’ net worth has soared by US$52-billion this year. So far.
Bezos is now worth some US$55-billion more than Microsoft Corp. co-founder Bill Gates, the world’s second-richest person.
His personal fortune is within spitting distance of the Walton (Walmart) family’s US$151.5-billion, the world’s richest family dynasty.