2/28/2018
!["No society can surely be flourishing and happy, of which the far greater part of the members are poor and miserable" ~ Adam Smith [click on this image to find a short clip and analysis on social mobility in the US]](https://i.pinimg.com/564x/e6/f2/48/e6f248f12934134eaa4c0732c4b647e9.jpg)
2/27/2018
meals for entire week...
Beginning a meal prep routine can be extremely overwhelming, which is pretty ironic considering it’s meant to make your life easier. Whether you’re planning and prepping meals for yourself or your entire family, use these tips and ideas to create simple, delicious and diverse dishes and snacks for the busy week ahead.
http://popculture.com/healthy-living/2016/11/16/13-meal-prep-tips-to-make-weight-loss-10-times-easier/
What is Ethereum?
Today, our personal data, passwords and financial information are all largely stored on other people's computers - in clouds and servers owned by companies like Amazon, Facebook or Google. Even this CoinDesk article is stored on a server controlled by a company that charges to hold this data should it be called upon.
This setup has a number of conveniences, as these companies deploy teams of specialists to help store and secure this data, and remove the costs that come with hosting and uptime.
But with this convenience, there is also vulnerability. As we've learned, a hacker or a government can gain unwelcome access to your files without your knowledge, by influencing or attacking a third-party service - meaning they can steal, leak or change important information.
Brian Behlendorf, creator of the Apache Web Server, has gone so far as to label this centralized design the "original sin" of the Internet. Some like Behlendorf argue the Internet was always meant to be decentralized, and a splintered movement has sprung up around using new tools, including blockchain technology, to help achieve this goal.
Ethereum is one of the newest technologies to join this movement.
While bitcoin aims to disrupt PayPal and online banking, ethereum has the goal of using a blockchain to replace internet third parties -- those that store data, transfer mortgages and keep track of complex financial instruments.
blockchain timeline...
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| Blockchain technology has the potential to reduce costs, improve product offerings and increase speed for banks, according to the most recent report from the Euro Banking Association (EBA). |
BlackRock Cautions Crypto Investors: 'Complete Losses' Possible
Global investment management company BlackRock says it envisions a more pervasive role for cryptocurrencies in the future, and that blockchain has promise but it is not without obstacles.
The positive, yet cautious remarks were part of the firm's Global Weekly Commentary published on Monday by global chief investment strategist Richard Turnill.
"We see cryptocurrencies potentially becoming more widely used in the future as the market matures," the commentary reads. "Yet for now we believe they should only be considered by those who can stomach potentially complete losses. Similarly, blockchain needs to overcome significant hurdles to reach its promising future."
'Complete Losses'
bitcoin today...
$10,640.86
- Change
- $327.78
- Market Cap
- $0.18T
- Supply
- Today's Open
- $10,313.08
- Today's High
- $10,671.86
- Today's Low
- $10,146.99
- Change
- $327.78
- Market Cap
- $0.18T
- Supply
- 16,889,013
$10,640.86 3.18%
When blockchain technology meets IoT...
When the Blockchain Technology meets the Internet of Things
In this ever-growing world of technology, we are staring to hear how the Internet of Things (IoT) is bound to change our homes, our offices and our cities. There are numerous reports about this incredible new trend. Most of these reports, include the current state of IoT and also interesting forecasts for the future impact on the world’s economy and society. It looks promising to say the least.
The Blockchain Technology...
The Blockchain technology – previously used in digital currencies such as Bitcoin – has certainly caused a storm in the world of finance and banking (or, more simply, FinTech). Innovative start-ups are already applying this technology to cut down the cost of transferring money. Big investment funds, alongside major banking giants, are investing hundreds of millions in such breakthrough projects. The perfect example of how this is changing the banking industry is the announcement that 22 major banks are joining a consortium to form a common framework for using blockchain technology (the R3 blockchain consortium).
https://www.rs-online.com/designspark/when-the-blockchain-technology-meets-the-internet-of-things
https://www.rs-online.com/designspark/when-the-blockchain-technology-meets-the-internet-of-things
2/26/2018
Cloud Computing
The demand for the IT professionals in the cloud computing section has risen significantly because of the development of cloud technologies. Many companies wonder which cloud computing certifications are qualified. Here is the list of the best cloud computing certifications for 2017.
More and more companies invest in the cloud computing as their important tool in the business. With different users, there will be various definitions of the cloud computing. We cannot deny that the cloud is currently an enduring fixture for last users and service suppliers. Therefore, certification from suppliers and firms which provided cloud-related product, such as Amazon Web services, Microsoft and VMware, and other uncounted brands, are spotlight and attracts sizable coverage.
An informational Forbes article reports that key statistics are relating to the present cloud computing landscape along with a vision to the future. Amazon Web Service (AWS) is the leading cloud computing player, followed by Microsoft Azure, the Rackspace Public Cloud and VMware’s vCloud. Microsoft is anticipated to grow to 30 percent of the cloud product revenue in 2018.
The revenue of the cloud infrastructure and platform is $38 billion. It is predicted that the number will be $173 billion by 2026. The cloud services are unlimited which can be used in the range of an enterprises to large corporations. There are 64 percent of small and medium-sized businesses (SMBs) also use the cloud-based applications. An estimated 78 percent of businesses are planning to obtain modern cloud-based solutions within the next few years.
Jennifer Lawrence Net Worth...
Jennifer Lawrence now has an estimated net worth of $130 million in 2017. Jennifer once convinced her family to move to NYC so that she can pursue an acting career. It happened when she was in her early teens.
https://www.therichest.com/celebnetworth/celeb/actress/jennifer-lawrence-net-worth/
https://www.therichest.com/celebnetworth/celeb/actress/jennifer-lawrence-net-worth/
Selena Gomez Net Worth...
Net Worth:$50 Million
American actress and singer "Selena Gomez" has an estimated net worth of $50 million.
Unemployment insurance and worker mobility
After an involuntary job loss, unemployed individuals suffer large and persistent negative impacts on their earnings. The unemployment insurance (UI) program offsets a significant proportion of income losses and helps to facilitate consumption smoothing after these negative shocks. But what effects does UI have on labor market outcomes for recipients?
Recently, researchers have been concerned that worker mobility has been declining as labor markets become less flexible. Diminished mobility can impact wages and job match quality. In “Unemployment insurance and worker mobility” (PDF), Brookings fellow Ryan Nunn, Laura Kawano, and Ben Klemens examine the effects of unemployment insurance on geographic mobility.
Ryan Nunn, Laura Kawano, and Ben Klemens
Misbehaving
![Misbehaving: The Making of Behavioral Economics by [Thaler, Richard H.]](https://images-na.ssl-images-amazon.com/images/I/51dqaYXmQOL.jpg)
Nobel laureate Richard H. Thaler has spent his career studying the radical notion that the central agents in the economy are humans—predictable, error-prone individuals. Misbehaving is his arresting, frequently hilarious account of the struggle to bring an academic discipline back down to earth—and change the way we think about economics, ourselves, and our world.
Traditional economics assumes rational actors. Early in his research, Thaler realized these Spock-like automatons were nothing like real people. Whether buying a clock radio, selling basketball tickets, or applying for a mortgage, we all succumb to biases and make decisions that deviate from the standards of rationality assumed by economists. In other words, we misbehave. More importantly, our misbehavior has serious consequences. Dismissed at first by economists as an amusing sideshow, the study of human miscalculations and their effects on markets now drives efforts to make better decisions in our lives, our businesses, and our governments.
Coupling recent discoveries in human psychology with a practical understanding of incentives and market behavior, Thaler enlightens readers about how to make smarter decisions in an increasingly mystifying world. He reveals how behavioral economic analysis opens up new ways to look at everything from household finance to assigning faculty offices in a new building, to TV game shows, the NFL draft, and businesses like Uber.
Phishing for Phools...
![Phishing for Phools: The Economics of Manipulation and Deception by [Akerlof, George A., Shiller, Robert J.]](https://images-na.ssl-images-amazon.com/images/I/51tkIlY3oqL.jpg)
Ever since Adam Smith, the central teaching of economics has been that free markets provide us with material well-being, as if by an invisible hand. In Phishing for Phools, Nobel Prize–winning economists George Akerlof and Robert Shiller deliver a fundamental challenge to this insight, arguing that markets harm as well as help us. As long as there is profit to be made, sellers will systematically exploit our psychological weaknesses and our ignorance through manipulation and deception. Rather than being essentially benign and always creating the greater good, markets are inherently filled with tricks and traps and will "phish" us as "phools."
Phishing for Phools therefore strikes a radically new direction in economics, based on the intuitive idea that markets both give and take away. Akerlof and Shiller bring this idea to life through dozens of stories that show how phishing affects everyone, in almost every walk of life. We spend our money up to the limit, and then worry about how to pay the next month's bills. The financial system soars, then crashes. We are attracted, more than we know, by advertising. Our political system is distorted by money. We pay too much for gym memberships, cars, houses, and credit cards. Drug companies ingeniously market pharmaceuticals that do us little good, and sometimes are downright dangerous.
Phishing for Phools explores the central role of manipulation and deception in fascinating detail in each of these areas and many more. It thereby explains a paradox: why, at a time when we are better off than ever before in history, all too many of us are leading lives of quiet desperation. At the same time, the book tells stories of individuals who have stood against economic trickery—and how it can be reduced through greater knowledge, reform, and regulation.
Animal Spirits...
The global financial crisis has made it painfully clear that powerful psychological forces are imperiling the wealth of nations today. From blind faith in ever-rising housing prices to plummeting confidence in capital markets, "animal spirits" are driving financial events worldwide. In this book, acclaimed economists George Akerlof and Robert Shiller challenge the economic wisdom that got us into this mess, and put forward a bold new vision that will transform economics and restore prosperity.
Akerlof and Shiller reassert the necessity of an active government role in economic policymaking by recovering the idea of animal spirits, a term John Maynard Keynes used to describe the gloom and despondence that led to the Great Depression and the changing psychology that accompanied recovery. Like Keynes, Akerlof and Shiller know that managing these animal spirits requires the steady hand of government--simply allowing markets to work won't do it. In rebuilding the case for a more robust, behaviorally informed Keynesianism, they detail the most pervasive effects of animal spirits in contemporary economic life--such as confidence, fear, bad faith, corruption, a concern for fairness, and the stories we tell ourselves about our economic fortunes--and show how Reaganomics, Thatcherism, and the rational expectations revolution failed to account for them.
Animal Spirits offers a road map for reversing the financial misfortunes besetting us today. Read it and learn how leaders can channel animal spirits--the powerful forces of human psychology that are afoot in the world economy today. In a new preface, they describe why our economic troubles may linger for some time--unless we are prepared to take further, decisive action.
Dress better, work better?
A number of recent studies suggest that dressing up for work in a suit or blazer could do wonders for an employee’s productivity, whether going into a negotiation, making a sales call or even participating in a video conference with business associates.
Michael W. Kraus, an assistant professor of organizational behavior at the Yale School of Management, co-wrote a study for the Journal of Experimental Psychology in 2014 which showed that clothes with high social status can increase dominance and job performance in “high-stakes” competitive tasks.
Michael W. Kraus, an assistant professor of organizational behavior at the Yale School of Management, co-wrote a study for the Journal of Experimental Psychology in 2014 which showed that clothes with high social status can increase dominance and job performance in “high-stakes” competitive tasks.
2/25/2018
How Much You Should Have Saved (by Age)
Retirement Income: the 80% Rule
Most experts say your retirement income should be about 80% of your final pre-retirement salary. That means if you are making $100,000 annually at retirement, you will need income of at least $80,000 per year to have a comfortable lifestyle after leaving the workforce. This amount can be adjusted up or down depending on other sources of income, such as Social Security, pensions and part-time employment, as well as your health and your desired lifestyle.
Total Savings: The 4% Rule
To determine the amount you will need to have saved to generate the retirement income you want, one easy-to-use formula calls for dividing your desired annual retirement income by 4%. To generate the $80,000 cited above, for example, you would need a nest egg at retirement of about $2 million. This assumes a 5% return on investments (after taxes and inflation), no additional retirement income (i.e., Social Security) and a lifestyle similar to the one you would be living at the time you retire.
By Jim Probasco | January 7, 2018 — 12:29 PM EST
Read more: How Much You Should Have Saved (by Age) | Investopedia https://www.investopedia.com/retirement/how-much-you-should-have-saved-age/#ixzz586VHUEP9
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How Central Banks Control the Supply of Money
The quantity of money circulating in an economy affects both micro and macroeconomic trends. At the micro level, a large supply of free and easy money means more personal spending. Individuals also have an easier time getting loans such as personal loans, car loans, or home mortgages.
At the macroeconomic level, the amount of money circulating in an economy affects things like gross domestic product, overall growth, interest rates, and unemployment rates. The central banks tend to control the quantity of money in circulation to achieve economic objectives and affect monetary policy. Through this article, we take a look at some of the common ways that central banks control the quantity of money in circulation.
By Prableen Bajpai, CFA (ICFAI) | Updated May 8, 2017 — 12:58 PM EDTRead more: How Central Banks Control the Supply of Money | Investopedia https://www.investopedia.com/articles/investing/053115/how-central-banks-control-supply-money.asp#ixzz586TOX7ik
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How Bitcoin Works?
Bitcoin is a network that runs on a protocol known as the blockchain. A 2008 paper by a person or people calling themselves Satoshi Nakamoto first described both the blockchain and bitcoin, and for a while the two terms were all but synonymous. The blockchain has since been conceptually divorced from its first application, and thousands of blockchains have been created using similar cryptographic techniques. This history can make the nomenclature confusing. "Blockchain" sometimes refers to the original, bitcoin blockchain; other times it refers to blockchain technology in general, or to any other specific blockchain, such as the one that powers Ethereum.
The basics of blockchain technology are mercifully straightforward. Any given blockchain consists of a single chain of discrete blocks of information, arranged chronologically. In principle this information can be any string of 1s and 0s – emails, contracts, land titles, marriage certificates, bond trades – and this versatility has caught the eye of governments and private corporations. In bitcoin's case, though, the information is mostly transactions.
Bitcoin is really just a list. Person A sent X bitcoin to person B, who sent Y bitcoin to person C, etc. By tallying these transactions up, everyone knows where individual users stand. Another name for a blockchain is a "distributed ledger," which emphasizes the key difference between this technology and a well-kept Word doc. Bitcoin's blockchain is public. Anyone can download it in its entirety or head to any number of sites that parse it. You can see, for example, that 15N3yGu3UFHeyUNdzQ5sS3aRFRzu5Ae7EZ sent 0.01718427 bitcoin to 1JHG2qjdk5Khiq7X5xQrr1wfigepJEK3t on August 14, 2017, between 11:10 and 11:20 a.m. If you were law enforcement or otherwise very sophisticated, you could probably figure out who controlled these addresses (the long strings of numbers and letters). Bitcoin's network is not totally anonymous, in other words, though taking certain precautions can make it very hard to link individuals to transactions.
Read more: How Bitcoin Works | Investopedia https://www.investopedia.com/news/how-bitcoin-works/#ixzz586JJ5q33
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9 Common Effects of Inflation...
1. Erodes Purchasing Power
2. Encourages Spending and Investing
3. Causes More Inflation
4. Raises the Cost of Borrowing
5. Lowers the Cost of Borrowing
6. Reduces Unemployment
7. Increases Growth
8. Reduces Employment and Growth
9. Weakens (or Strengthens) the Currency
Daimler in $2 Bln China Investment With BAIC...
By Reuters | February 25, 2018 — 7:09 AM EST
Read more: Daimler in $2 Bln China Investment With BAIC as Geely Swoops | Investopedia https://www.investopedia.com/partner/reuters/berlin-sees-no-need-act-geelys-purchase-daimler-stake/#ixzz586K9OYIG
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Daimler and its Chinese partner BAIC plan to invest almost $2 billion in a state-of-the-art factory in China, underlining their relationship as rival Geely makes a surprise swoop on the German carmaker.
The two will invest more than 11.9 billion yuan ($1.88 billion) in modernising a plant to build premium Mercedes-Benz cars including electric vehicles, BAIC said in a filing to the Hong Kong Stock Exchange dated Friday and confirmed by Daimler on Sunday.
The chairman of Chinese carmaker Geely said late on Friday he had bought an almost 10 percent stake in Daimler, in a $9 billion bet to access the Mercedes-Benz owner's technology.
The move poses a challenge to Daimler, which as well as its Chinese partnership with BAIC Motor Corporation has an industrial alliance to develop cars and trucks with Renault-Nissan, which owns a 3.1 percent stake in Daimler.
Read more: Daimler in $2 Bln China Investment With BAIC as Geely Swoops | Investopedia https://www.investopedia.com/partner/reuters/berlin-sees-no-need-act-geelys-purchase-daimler-stake/#ixzz586K9OYIG
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What is the 'Intrinsic Value'
The intrinsic value is the actual value of a company or an asset based on an underlying perception of its true value including all aspects of the business, in terms of both tangible and intangible factors. This value may or may not be the same as the current market value. Additionally, intrinsic value is primarily used in options pricing to indicate the amount an option is in the money.
Read more: Intrinsic Value https://www.investopedia.com/terms/i/intrinsicvalue.asp#ixzz586Irm4De
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Read more: Intrinsic Value https://www.investopedia.com/terms/i/intrinsicvalue.asp#ixzz586Irm4De
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2/23/2018
Black Panther
Black Panther' blows past $500 million at the global box office after one week in US theaters...
How Do You Build a Team Culture in a Global Company?
The success or failure of a global organization can come down to how well small groups of people work together. “Teams are core to everything that we do,” said Rajeev Dubey ’82, president of human resources for Mahindra & Mahindra, in an interview with Yale Insights. “We have great respect for individuals, but we believe that ultimately, it is the team that delivers. So we put huge emphasis on being able to work in teams, ability to lead teams, and not so much emphasis on individual brilliance.”
Recent research has shown that teams have a form of collective intelligence, meaning that some perform considerably better than others across a range of tasks. So for a company with thousands of employees combined into innumerable teams, getting improved performance out of those teams can make a huge difference.
RAJEEV DUBEY
What’s the Price of Love?
“From an economic perspective, searching for a partner is just cost-benefit analysis,” Oyer said. “You keep searching until the point where the expected benefits of finding someone better outweigh the costs of looking for that person.”
“A potential partner with too little mate value is an unacceptable long-term partner choice, whereas one with too much mate value might not be attainable or retainable as a long-term mate,” they write. “The image of the ‘ideal’ and ‘attainable’ partner should therefore correspond closely.” In other words, a 7 may look like a perfect 10 to another 7.
To an economist like Oyer, potential mates—as well as jobs—are “differentiated goods.” “No two jobs and no two life partners are the same,” he said. That makes websites that aggregate prospective choices, such as monster.com and match.com in their respective realms, especially useful. By allowing users to narrow their searches before investing time in investigating a position or mate, they save their customers valuable time.
It’s not the language of poets and minstrels, but as Oyer put it: “Why are you single? Loneliness is just romantic unemployment.”
PAUL OYER
“A potential partner with too little mate value is an unacceptable long-term partner choice, whereas one with too much mate value might not be attainable or retainable as a long-term mate,” they write. “The image of the ‘ideal’ and ‘attainable’ partner should therefore correspond closely.” In other words, a 7 may look like a perfect 10 to another 7.
To an economist like Oyer, potential mates—as well as jobs—are “differentiated goods.” “No two jobs and no two life partners are the same,” he said. That makes websites that aggregate prospective choices, such as monster.com and match.com in their respective realms, especially useful. By allowing users to narrow their searches before investing time in investigating a position or mate, they save their customers valuable time.
It’s not the language of poets and minstrels, but as Oyer put it: “Why are you single? Loneliness is just romantic unemployment.”
PAUL OYER
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A lakefront property in Lake Tahoe, Nevada, owned for more than two decades by the notorious businessman, pilot and director Howard Hughes,...
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The quantity of money circulating in an economy affects both micro and macroeconomic trends. At the micro level, a large supply of free and...
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by Dan Stone We’ve all heard about China’s incredible pace of development. Now, finally, we have a symbol of that runaway growth: por...
