Waste not, want not
That’s how much J.C. Penney has agreed to pay in a settlement for a class action lawsuit alleging the company misled consumers with jumbo discounts that weren’t real. The company supposedly inflated the original price of some items so that the sale price seemed like more of a steal. The case is a reminder of how the perception of savings can sometimes mean more than the price of the item itself.
That’s how many olive oil producers in Italy have been accused of mislabeling products as “extra virgin.” A test of 20 of the most popular products found nine that were incorrectly labeled. As The Local Italy reported, it’s an issue close to the country’s heart, as Italy seized €10 million worth of fake olive oil last year.
That’s how many acres are owned by Astoria, Oregon, a good amount of which is comprised of forest. The city is the first to raise money on the burgeoning carbon markets. Instead of harvesting trees for timber, it will make money by maintaining its forest.
If you’re not a fan of excrement-related stories, stop reading now, because that’s how much poop an elephant at the Beauval Zoo in France produces in a single day. But it’s not going to waste. It’s used to fuel a biogas plant that keeps other animals at the zoo warm. As Bloomberg reports, the country would do well to emulate the model of the zoo, as it is behind on its goals for cutting greenhouse gas emissions.
We’re here to help you navigate this changed world and economy.
Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.
In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.
Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.
Donate now to get almost any thank-you gift.