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Monday, October 09, 2023

Vertical Farming Has Found Its Fatal Flaw | The Most Commonly Cited Barriers to Innovation in Large Companies? Internal Politics | The Unwavering Confidence of Deion Sanders | Harvard gut doctor avoids these 4 foods that cause inflammation—and what she eats instead

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Vertical Farming Has Found Its Fatal Flaw - WIRED   

In June, a vast new vertical farm opened on the outskirts of the English town Bedford. At a swanky opening event, members of the UK Parliament heard that the gleaming facility would one day produce 20 million plants annually. It was the latest opening for Infarm, a European vertical farming company that had raised over $600 million in venture capital funding, promising a future where vegetables are grown in high-tech warehouses stacked with LED lights rather than in open fields or greenhouses.

But now the future of the Bedford farm looks less than gleaming. On November 29, Infarm’s founders emailed its workforce to announce they were laying off “around 500 employees”—more than half of the workforce. The email detailed the firm’s plans to downsize its operations in the UK, France, and the Netherlands, and concentrate on countries where it had stronger links to retailers and a higher chance of eventually turning a profit. In September, Infarm had already laid off 50 employees, citing a need to reduce operating costs and focus on profitability. 

Just six months ago, the vibe from Europe’s biggest vertical farm company was unrelentingly optimistic, so what changed? According to Cindy van Rijswick, a strategist at the Dutch research firm RaboResearch, several pressures that have always existed for vertical farms have really come to a head in 2022. For starters, the industry is extremely vulnerable to increases in electricity prices. Powering all of those plant-growing LEDs uses a lot of electricity, and between December 2020 and July 2022 consumer energy prices in the EU went up by nearly 58 percent. Eighteen months ago, European vertical farms might have spent around 25 percent of their operational costs on electricity, but that might have gone up to around 40 percent, estimates van Rijswick.

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The Unwavering Confidence of Deion Sanders - Time   

On an autumn weekend in Boulder, the sports miracle of the season is clearer than the blue Rocky Mountain sky. Whereas for years, the University of Colorado football team delivered Saturday misery—the Buffaloes enjoyed just four winning seasons in the past 20 years and finished 1-11 in 2022—Boulder now may be the hippest, happiest place in America. “The Stampede,” a Friday-night pregame pep rally down Pearl Street, used to feel more like a tiptoe. But on Sept. 29, the night before Colorado faced off against No. 8 USC, the restaurants are full and the sidewalks packed. A handful of little kids even line the rooftop of a trattoria to watch the marching band play.

A little before 6 a.m. Mountain time the next day, hundreds of University of Colorado fans, most wearing white cowboy hats adorned with LED lights, have assembled on Farrand Field, smack in the middle of campus. Some are students, others alums and locals, while a significant number have traveled from far afield, never having imagined they’d have reason to gaze at those picturesque peaks in the backdrop. Fox Sports’ Big Noon Kickoff pregame show won’t start for hours, but the revelers are ready. They’re here to see Deion Sanders, or Coach Prime—a play on Prime Time, his nickname from his 1980s and ’90s heyday—who arrived as head coach in December, radically made over this year’s team, and turned Colorado into the biggest story in sports.

Before kickoff, the sidelines at Colorado’s stadium are now the place to be seen. There’s rapper DaBaby hyping up the crowd. There are Sanders’ friends and fellow football Hall of Famers Terrell Owens, Warren Sapp, and Michael Irvin. Hey, that’s basketball Hall of Famer Kevin Garnett and future baseball Hall of Famer CC Sabathia and rapper Symba. The VIPs wear a special credential around their necks: Prime Passes, in the shape of the gold whistle Sanders uses in practice. Boulder County is 1.3% Black, yet as one sideline spectator observes, the scene “feels like Black Hollywood.” 

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