News 28.07.2023

Need to Know

Digital Public Library of America counters book bans with new book club, Marta Indeka’s Foresight Friday and why Klarna’s daily downloads are dropping.

Digital Public Library of America launches banned book club

The Banned Book Club by Digital Public Library of America, US

US – The Digital Public Library of America (DPLA) has introduced The Banned Book Club, a new initiative to combat the rise in book bans in schools and public libraries across the US. In partnership with creative agency FCB Chicago, DPLA offers free access to banned books for readers affected by bans.

The Banned Book Club uses GPS-based geo-targeting to create virtual libraries in communities where specific books have been banned. Readers can download these banned books for free on any hand-held device using the Palace e-reader app.

John S Bracken, executive director of Digital Public Library of America, said in a statement: ‘Today, book bans are one of the greatest threats to our freedom, and we have created The Banned Book Club to leverage the dual powers of libraries and digital technology to ensure that every American can access the books they want to read.’

Supported by former President Barack Obama and former First Lady Michelle Obama, The Banned Book Club stands as a digital solution to promote the free exchange of ideas and safeguard the right to access diverse literary voices and stories covering topics such as gender, race, identity and feminism – narratives known to educate and empower marginalised communities that some US politicians would prefer to censor.

Strategic opportunity

With constraints like book bans reducing free access to educational resources on topics related to women’s rights, race and identity, employers should set higher diversity and inclusion targets to provide their team members with alternatives. Ensure your company is not only a safe space but also a learning space

Foresight Friday: Marta Indeka, senior foresight analyst

Victoria Ling for The Future Laboratory Victoria Ling for The Future Laboratory

Every Friday, The Future Laboratory team offer an end-of-week wrap-up of the topics, issues, ideas and virals we’re all talking about. This week, senior foresight analyst Marta Indeka shares snippets of surrealism – shoes that look like filters, filters that look like lemons and gender equality in sports.

: I am no football fan, but this brilliant ad by Orange is something I can cheer. Although, now that fashion designer Martine Rose has unveiled her own sports channel, MRSTV, I might just pick up an interest in the ball sport.

: Speaking of celebrations of women’s contributions to culture on the small screen, I’m excited about Netflix’s upcoming documentary on women in hip-hop. I hope that Ladies First will succeed where The Idol failed in portraying how women can rewrite what it means to find fulfilment outside of conventional life paths.

: Meme brands are peaking. Riding the success wave of the big red boot, MSCHF has partnered with Crocs for the big yellow perforated boot, shown off by no other than Paris Hilton in the launch campaign. This joint effort to engineer hype makes me wonder: how much plastic will we need to mould for influencers to capture a few seconds worth of content? And what does it entail for the future of footwear manufacturing?

: Coachtopia brought a bag factory on a New York building, Jacquemus rolled lemons at the seaside and Barbie towered over Burj Khalifa in Dubai this week. Bigger-than-life AR activations are having a moment. I look forward to seeing the next creative iterations playing with this blend of surreal and almost deceiving realism.

Quote of the week

‘All we ever wanted was a fucking edit button’

– Twitter user commenting on Elon Musk’s rebranding of the social media platform to X

Stat: Buy Now, Pay Later providers face challenges amid slower growth

Wise. Identity by Ragged Edge Wise. Identity by Ragged Edge

Global ­– After a boom during the pandemic, Buy Now, Pay Later (BNPL) providers are encountering obstacles due to higher interest rates, reduced venture capital availability and investors’ profit expectations. As they seek additional revenue streams and new users, some companies have cut staff and withdrawn from certain markets.

Bank of America analysts tracked app downloads and monthly active users of BNPL providers, including Affirm, Afterpay, Klarna, Sezzle and Zip. The data showed that, although the BNPL industry remains macro-sensitive, it is likely to endure, appealing to specific consumers and merchants.

Sweden’s Klarna reported the largest drop in daily downloads, plunging 38.1% in the second quarter of 2023 compared with the same period the previous year, while San Francisco-based Affirm experienced its first decline of 5.7% in daily downloads in the quarter. Only Australia’s Afterpay saw growth, of 9.2% year on year.

The report also highlighted that repeat users contribute more to BNPL growth than newcomers, especially as younger consumers have an innate trust in the power of technology to help manage their finances, as reported in Money Market: Generation Z. As the industry navigates challenges and changes, analysts await clarity on BNPL providers’ profit models and their ability to weather macroeconomic cycles.

Strategic opportunity

The declining popularity of BNPL indicates that consumers are worried about increasing their debts during a cost of living crisis. How can you as a business lessen the pressure of rising costs on them? Working with consumers will be rewarded with loyalty

Previous News Articles
Corona constructs world’s first sun reserve in Brazil

News

Corona constructs world’s first sun reserve in Brazil

To mark its centenary, beach-born beer brand Corona has unveiled the world’s first sun reserve at Piedade Beach in Pernambuco, Brazil.
Sustainability : Drink : Advertising
Foresight Friday: Dan Hastings, deputy foresight editor

News

Foresight Friday: Dan Hastings, deputy foresight editor

Every Friday, we offer an end-of-week wrap-up of the topics, issues, ideas and virals we’re all talking about. This week, deputy foresight editor D...
Pop Culture : Society : Politics
Stat: Coachella’s payment plan reflects cultural repricing

News

Stat: Coachella’s payment plan reflects cultural repricing

This year, around 60% of general admission ticket buyers at Coachella used the festival’s payment plan, which requires just £37.78 ($49.99, €43.94)...
Pop Culture & Media : Finance : US Market
LS:N Global Just Got Smarter

News

LS:N Global Just Got Smarter

Meet our new AI tool, Ember.
The Future Laboratory
Mami Wata makes sun protection accessible with a touch of humour

News

Mami Wata makes sun protection accessible with a touch of humour

Suncare brand Mami Wata is using humour and nostalgia to highlight the often-overlooked importance of scalp protection.
Beauty : Advertising : Health
The Wizard of Oz at The Sphere uses generative AI to re-imagine a classic

News

The Wizard of Oz at The Sphere uses generative AI to re-imagine a classic

Launching in August 2025, The Wizard of Oz at the Sphere will transform the 1939 classic into an immersive spectacle using cutting-edge generative AI.
Technology : Architecture : Pop Culture
Stat: US teen beauty spending soars as Gen Z embrace fragrances and skincare

News

Stat: US teen beauty spending soars as Gen Z embrace fragrances and skincare

Teen beauty spending is on the rise, with Piper Sandler’s Taking Stock With Teens 2025 report revealing double-digit year-on-year growth, particula...
Beauty : Retail : Youth
Pepsi uses AI to let diners customise dishes in São Paulo

News

Pepsi uses AI to let diners customise dishes in São Paulo

Pepsi is inviting diners to co-create bold new dishes with its AI-powered campaign Your Bites, Your Rights.
Drink : Food : Technology
Birth of womb transplant baby marks a milestone in fertility innovation

News

Birth of womb transplant baby marks a milestone in fertility innovation

The first British baby born to a mother with a transplanted womb has been safely delivered.
Technology : Health : Society
Stat: AI boom set to double data centre energy use by 2030

News

Stat: AI boom set to double data centre energy use by 2030

Data centres are on track to consume 945 terawatt-hours of electricity by 2030, more than double their 2024 usage and equivalent to Japan’s current...
Technology : Sustainability : AI
You have 1 free News articles remaining. Sign up to LS:N Global to get unlimited access to all articles.
BECOME A MEMBER
SIGN IN