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Buying the Farm

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graveyardDeath is the great equalizer. It strikes 100 percent of the population – albeit in different ways – without regard to considerations of race, gender or class. It is a certainty that every Black, white or Hispanic person will die; every man and woman will meet his or her maker; and every penniless widow and powerful billionaire will pass away.

Cultural factors may hasten mortality for some, such as Black men lynched at the hands of an angry mob, a Muslim woman stoned in a honor killing for being raped or a Japanese businessman who commits hara-kiri to save face. And some, like Apple’s storied CEO Steve Jobs, may be able to pay to delay the inevitable with experimental medical treatments.

But eventually, we each have a date with the Grim Reaper.

So what does that have to do with “buying the farm”? This expression came about to describe how the death of a farmer who had a mortgage paid off on behalf of his heirs through life insurance.

Though historically, those whose work involved end-of-life, death and afterlife issues often have operated at the fringes of society, bereavement-related industries, from hospices to cemeteries, are a vital part of the economy. According to the U.S. Census Bureau’s Economic Census, for instance, funeral homes alone contributed $15 billion to the national economy.

Join IMBM as over the next several pages we examine this complex industry and journey into what is truly the Final Frontier.

Apple executive from Indiana assumes title ‘Dame of the British Empire’

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ahrendtsNew Palestine native Angela Ahrendts, 54, senior vice president of retail and online stores for Apple, has been awarded Dame Commander of The Most Excellent Order of the British Empire, the equivalent of knighthood for women. Though Queen Elizabeth II was said to have approved of the honor, Ahrendts received the honor from business secretary Vince Cable rather than the queen because she was not born a British citizen.

Ahrendts, who has said she’s “hugely proud” of her Midwestern roots, was ranked 53rd on Forbes’ 2013 list of the most powerful women in the world. As CEO of the luxury British fashion house Burberry, she was named the ninth most powerful woman in Great Britain on the BBC Radio 4 Woman’s Hour 100 Power List.

Ahrendts earned her undergraduate degree in Merchandising and Marketing from Ball State University and in 2010 was given an Honorary Doctorate of Humane Letters from her alma mater.

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