Posts Tagged ‘news’

Whoa… we always knew TILE could make you prosper, but it might actually make you live longer, too!

Wednesday, March 9th, 2011


(photo credit: Andy Welsher)

A new study on longevity reveals that (shocker) slacking off and not caring about anything will probably make you die faster.

“What characterized the people who thrived is a combination of their own persistence and dependability and the help of other people,” Friedman says. The young adults who were thrifty, persistent, detail-oriented and responsible lived the longest.

Time to work on that financial plan you’ve been putting off, no?

Your parents aren’t going to be happy about this…

Wednesday, February 23rd, 2011

Ouch. According to a new study, college students are spending four (or more) years and thousands of dollars on higher education, but they’re not actually learning anything.


(photo credit: peanutian)

Here’s the short story:

Students are slacking off, colleges are more focused on enrolling and keeping new students than they are on making sure each student gets a quality education, and professors are having trouble keeping up with their increasingly large class sizes as more and more people attend college.

Here are the fun facts:

  • 45 percent of students “did not demonstrate any significant improvement in learning” during the first two years of college.
  • 36 percent of students “did not demonstrate any significant improvement in learning” over four years of college.
  • Students who study by themselves for more hours each week gain more knowledge — while those who spend more time studying in peer groups see diminishing gains.
  • Students whose classes reflect high expectations (more than 40 pages of reading a week and more than 20 pages of writing a semester) gained more than other students.
  • Students who spend more time in fraternities and sororities show smaller gains than other students.

Read the whole story here.

Want to go to the World Economic Forum in Davos? Bring your credit card (or bags and bags of gold).

Thursday, February 3rd, 2011

Andrew Ross Sorkin did the homework none of us wanted to do, and came up with an estimate of how much an evening in Davos will cost if you’re lucky enough to be invited to the WEF this year.

Some highlights:

  • One ticket in the nosebleed seats (including membership fee): $72,000
  • A ticket for you and four of your best cronies: $622,000
  • Number of your cronies who must be a woman for any of you to get in: 1
  • The cost of Google’s party on Friday night: $250,000

And still: “You always feel like you are in the wrong place in Davos, like there is some better meeting going on somewhere in one of the hotels that you really ought to be at. Like the real Davos is happening in secret somewhere.“


So, just wondering… what do you do if you can’t afford any of that?

Eighth Grader Throws an App at Angry Birds

Tuesday, February 1st, 2011

(Photo by Paul Fraughton | The Salt Lake Tribune)

Heard of a little app called Bubble Ball? Well, if you’re Robert Nay, you created it. Between gym class and dinner.

4,000 lines of code and 4 million downloads later, Bubble Ball has become the #1 free app on the iTunes store. Since the app is free, 14-year-old Mr. Nay is still just a relatively normal (if hyperintelligent) kid.

Way to go, dude!

From the department of how you spend your time… 6.1 billion hours spent filing taxes every year!

Wednesday, January 26th, 2011

Scary stuff. Really makes you appreciate the accounting profession, right?

Have you ever filed your own taxes? How long did it take you?

Smart kids arouuuund the world

Thursday, December 23rd, 2010

We wonder if “maths” includes personal finance?

generational-iq.gif

theeconomist:

Daily chart: which country has the cleverest kids? Since 2000 the OECD has tested school pupils in rich countries every three years on reading, mathematics and science. This year, students in Shanghai topped the chart in each discipline.


Lenin! Get your Lenin heeeere!

Thursday, December 23rd, 2010

lenin-portrait.png

This is probably not what he was going for when he commissioned all these pictures and sculptures of himself.

The Hungarian government is auctioning off a bunch of Lenin memorabilia to help pay for cleanup of the massive wave of toxic waste that flooded Budapest this October.

Some bourgeois bidders are just picking up kitschy decoration for their homes, but others appear to be having a little Communist-bloc nostalgia.

“When I was young, I didn’t really look deeply into the faults of the system,” says Mr. Torok, a real-estate entrepreneur who says that his business is struggling amid the economic downturn. “I lived a calm, secure life where bread cost 3.5 forints and everyone had a job.”

Hmm.

Sale of the century! Own a little piece of Bernie Madoff…

Thursday, December 23rd, 2010

The AP reports that hundreds of Bernard Madoff’s personal items are going up for auction at the Sheraton New York Hotel, courtesy of the U.S. Marshals Service. Madoff is just beginning his 150-year prison sentence for ripping off investors in the biggest Ponzi scheme ever.

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Snatch up those limited-edition monogrammed velveteen slippers before they’re gone! Also available: a 10.5 carat diamond ring owned by Bernie’s wife, Ruth, and a “like-new” Steinway piano. (Thanks, msnbc.com)

Early Exhaustion In Online Journalism Careers

Wednesday, July 21st, 2010

The Internet has turned many news outlets into frenzies of über-competitive racing to break even the smallest tidbits of news, and many young journalists can’t handle the pressure.

  • The Internet has changed the way journalism works, and now many young people who envisioned trips to exotic locales to capture groundbreaking stories are instead tasked with sitting at their computers and watching for the smallest pieces of information to publish.
  • Editors now foster competitiveness by posting the most-viewed articles on their sites and even calculating paychecks based on how many clicks a writer’s articles have gotten.
  • These conditions have led to increased turnover at news outlets like Gawker and Politico, with many young journalists leaving quickly because they’re exhausted.

Facts & Figures

  • The top editors at Politico wake up as early as 4:30 am on workdays (a typical newspaper workday is from 10 am to 7 pm).
  • Out of a staff of just 70 reporters and editors, about a dozen of Politico’s employees quit in the first half of this year.
  • An entry-level reporting job at Politico can pay as much as $40,000 per year.

Best Quote

“At a paper, your only real stress point is in the evening when you’re actually sitting there on deadline, trying to file. Now at any point in the day starting at 5 in the morning, there can be that same level of intensity and pressure to get something out.” – Jim VandeHei, Politico’s Executive Editor