Detroit Startup Is Encouraging Residents to Invest In Their Own Neighborhoods

iStock
iStock

Though Detroit's economy is slowly beginning to rebound, the growth isn't happening fast enough for many of the city's residents. If the community-minded team behind the startup Cooperative Capital succeeds, it’s possible that Detroiters will be able to take matters into their own hands—and possibly even turn a profit.

Described as a “cooperative private equity fund,” Cooperative Capital invites users to pool their money and then make decisions on buying, restoring, and selling properties with an eye toward city restoration, community-building, and a return on investment. The minimum buy-in is $1000, which also gives the investor a vote in how the pooled money will be spent. (If they invest $3000, they get three votes.) A financial committee chooses the top five most promising opportunities, then tabulated votes determine the final project. If it passes a due diligence stage, where investors are likely to get at least a 6 percent annual return, the project will move forward.

Cooperative Capital also plans on offering the model for private businesses. A bookstore in need of funding, for example, might benefit from the cooperative.

The company believes that having members of a local community involved will create a self-rewarding loop of activity. By improving blighted properties, neighbors will see their own property values rise; by frequenting backed businesses, they stand a better chance of seeing a return.

The Detroit arm of the fund will launch within the next few months, with plans to expand to Flint, Lansing, and other Michigan cities in the near future. Eventually, the service could be available in Chicago, Oakland, and other major metropolitan areas, depending on local regulations.

[h/t Fast Company]

Amazon's Best Cyber Monday Deals on Tablets, Wireless Headphones, Kitchen Appliances, and More

Amazon
Amazon

This article contains affiliate links to products selected by our editors. Mental Floss may receive a commission for purchases made through these links.

Cyber Monday has arrived, and with it comes some amazing deals. This sale is the one to watch if you are looking to get low prices on the latest Echo Dot, Fire Tablet, video games, Instant Pots, or 4K TVs. Even if you already took advantage of sales during Black Friday or Small Business Saturday, Cyber Monday still has plenty to offer, especially on Amazon. We've compiled some the best deals out there on tech, computers, and kitchen appliances so you don't have to waste your time browsing.

Computers and tablets

Amazon

- Amazon Fire HD 10 Tablet 64GB; $120 (save $70)

- Amazon Fire HD 8 Tablet 64GB; $84 (save $35)

- HP Pavilion x360 14 Convertible 2-in-1 Laptop; $646 (save $114)

- HP Pavilion Desktop, 10th Gen Intel Core i3-10100 Processor; $469 (save $81)

- Acer Nitro 5 Gaming Laptop; $973 (save $177)

Headphones and speakers

Beats/Amazon

- Bose QuietComfort 35 II Wireless Bluetooth Headphones; $200 (save $100)

- Sony Bluetooth Noise-Canceling Wireless Headphones; $278 (save $72)

- JBL LIVE Wireless Headphones; $100 (save $30)

- JBL Charge 4 - Waterproof Portable Bluetooth Speaker; $120 (save $10)

- Bose SoundLink Color Bluetooth Speaker II; $79 (save $50)

- Powerbeats Pro Wireless Earphones; $200 (save $50)

Video Games

Sony

- Watch Dogs Legion; $30 (save $30)

- Marvel's Avengers; $27 (save $33)

- Ghost of Tsushima; $40 (save $20)

- The Last of Us Part II; $30 (save $30)

TECH, GADGETS, AND TVS

Samsung/Amazon

- Amazon Fire TV Stick; $30 (save $20)

- Echo Show 8; $65 (save $65)

- Nixplay Digital Picture Frame; $115 (save $65)

- eufy Smart Doorbell; $90 (save $30)

- Samsung 75-Inch Class Crystal 4K Smart TV; $898 (save $300)

home and Kitchen

Ninja/Amazon

- T-fal 17-Piece Cookware Set; $124 (save $56)

- Le Creuset Enameled Cast Iron Curved Round Chef's Oven; $180 (save $136)

- Ninja Foodi 10-in-1 Convection Toaster Oven; $195 (save $105)

- Roborock E4 Robot Vacuum Cleaner; $189 (save $111)

- Instant Pot Max Pressure Cooker 9 in 1; $80 (save $120)

- Shark IZ362H Cordless Anti-Allergen Lightweight Stick Vacuum; $170 (save $110)

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Hate Brown Apple Slices? Use This Simple Trick to Keep Them Fresh

Jessica Lewis, Unsplash
Jessica Lewis, Unsplash

Though they're perfectly safe to eat, brown apple slices aren't the most appealing-looking snack. If you love sliced apples but can't stand that fading color, eating them faster isn't your only option. All you need is a bowl of water and a bit of salt to keep your apples looking and tasting fresh and crisp long after you cut into them.

This trick for keeping apple slices from browning comes from Reader's Digest. Before picking up your knife, prepare a bowl of cold water. Stir in roughly half a teaspoon of salt for every cup of water and set the bowl aside until your apple slices are ready. Soak the slices for 10 minutes, drain them, and rinse them off to get rid of any excess salt. You can eat your apples right away or store them in a plastic bag or container for later. Either way, they should keep their appetizing white color for longer than they would without the saltwater soak.

Discoloration on an apple slice doesn't mean it's gone bad. When the enzymes inside an apple are exposed to air, they produce benzoquinone and melanins in a process called oxidation. This chemical reaction is behind your apple's rapid browning. Salt inhibits these enzymes, which slow down the oxidation process.

The saltwater trick is great for keeping apples looking fresh, but it only works if they've been sliced. Here's a tip for stopping your whole apples from going bad after bringing them home from the grocery store (or picking them straight from the tree).

[h/t Reader's Digest]