Page 9 - Business Facts

Chicken Nuggets are only half chicken!


Researchers from Mississippi examined two nuggets from two national fast food chains and found that they were only 50% and 40% chicken meat. What's in the other half?

Are you sure you want to know? You get one more shot. Ok, here's the rest of the ingredients: Fat, blood vessels, nerves, cartilage and bone pieces.

Someone who works in the fast food industry faulted the small sample size that they used, although others say it's OK because those giant chains have big pushes towards uniformity.

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The Black Market is the world's 2nd largest and fastest growing economy!


The fact that the shadow economy, or the black market or underground economy, is on the rise in the middle of a global financial crisis should be no surprise to economists.

A recent post on Steven Levitt and Stephen Dubner’s Freakonomics blogdiscussed the growth of the shadow economy across the world. The post claims that the shadow economy is the second largest in the world!

It is expected that over 10 trillion dollars circulate through the black market, which can be found anywhere from flea markets, roadside farm stands, swap meets and even the darkest allies around town. If governments around the World don’t do anything soon the black market might even become the world’s strongest economy soon!

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SONY's most successful business is selling insurance!


The first thing you think of when you hear the word SONY is probably not financial services. They make the Walkman, the Playstation, TVs. You might even think of them as a movie studio.

However, not only do they sell insurance, it's also their most profitable division. They mostly operate in Japan and it represents about $9.07 billion in annual profit or just about 63% of their total profit.

The most recognizable part of the business, electronics, is actually not doing so well. Over the last ten years it's lost $8.5 billion and some investors are even asking for SONY to leave that behind.

(Source)

Some awesome lists!

Ikea consumes 1% of the world's wood!


If you needed a true measure of just how massive IKEA is, that headline should be all you need. They consume 1% of the world's entire commercial wood supply.

How much is that? Just about 17.8 MILLION cubic yards of lumber. Before you think that the world's forest are destroyed to make cheap furniture, you should know that IKEA is making a big effort to be sustainable.

About 25% of IKEA's wood has been certified by the Forest Stewardship Council and they're aiming to double it in the next 5 years. In addition to that, they participate in many foresting projects.

Learn more at the source!

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The Hard Rock Cafe is owned by the Seminole Tribe of Florida!


The first Hard Rock Cafe opened June 1971 in London, England. The first restauran had eclectic decor, but it eventually started displaying memorabilia.

The HRC eventually started expanding in 1982, adding locations in places like Toronto, LA, Chicago, Paris and Berlin.

In March 2007, the Seminole Tribe of Florida purchased Hard Rock Cafe International Inc. And all related entities for almost $1 billion!

The chain has over 145 restaurants. What's interesting about them is that even with such a high number of restaurants, they do not franchise them in the US.

Learn more about this fascinating chain at the source!

(Source)

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