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Harvard Medical School checked the performance of their doctors on 24-hour shifts. They were shocked. Interns towards the ends of their shifts made 36% more serious errors. Of consultants who regularly worked 24-hour shifts, 74% showed signs of burnout or depression. The research found that shorter shifts and more informed placement of recovery days got much better results.
Six myths about sleep: if you got up early to read this, you’re in trouble | Paul Kelley | Comment is free | The Guardian
For every ten students, one will attempt suicide, one will become mentally ill, two will become alcoholics, two will slam doors and jettison the violin out the window, three will work as violinists, and perhaps one will become a soloist.
How to Make a Virtuoso Violinist | The New Republic
The gender pay gap is widening again because men’s earnings are growing this year at twice the rate of women’s. The median weekly earnings for full-time male workers was $889 in the third quarter, the Labor Department said Tuesday. That’s a 2.2% increase from a year earlier. Meanwhile, full-time female workers’ earnings were $721, up 0.8% from a year earlier.
The Gender Pay Gap Widens as Men’s Earnings Grow Twice as Fast as Women’s - Real Time Economics - WSJ
"While our base case view is for a continued, moderate expansion, we acknowledge that the risks to our global growth forecasts are skewed towards the downside," the Morgan Stanley analysts wrote. The analysts highlighted monetary easing, falling oil prices and inflation as key risks. Scroll down for the seven key risk scenarios that could shake up markets across the globe.
Biggest risks to global economy Morgan Stanley - Business Insider
Eating processed meats causes cancer, and red meat probably increases cancer risks. That’s the judgment of a panel of global experts assembled by the World Health Organization to consider the accumulated scientific evidence on the question. Eating an extra 50 grams of processed meat increases the risk of colorectal cancer by 18 percent, the WHO said today.
How Red Meat Joined the 478 Other Things That Might Give You Cancer
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Is your paperweight made of too few elements? Do you even have a paperweight? (No, not this.) We'd excuse you if you didn't, frankly. If you're in the market, though, the Element Cube is likely the one you want. As the name suggests, this is no vanilla flowers-in-glass affair. The maker claims it contains every "collectible" element on the planet (not the same as the 90-plus "natural" ones, many aren't available in practical quantities). That's 62 in total, distilled into an alloy.
A paperweight made from every 'collectible' element on Earth
Whole body cryotherapy is a quick-and-easy spa experience that exposes the body to temperatures anywhere from minus 150 to minus 290 degrees Fahrenheit. That's incredibly cold. For comparison, the coldest temperature ever recorded on Earth was minus 135 degrees Fahrenheit in Antarctica in 2010. The chamber that Ake-Salvacion was found in reached temperatures as low as minus 240 degrees Fahrenheit.
24-year-old found dead in cryotherapy chamber - Business Insider
As I see it, the Fed’s open-market operations have produced more spending–hence higher capacity utilization–and lower interest rates–has more advantageous costs of finance–and we are supposed to believe that its policies “have hurt business investment”?!?!
Department of "Huh!?!?": QE Has Retarded Business Investment!? - Equitable Growth
Buying VIX calls seems to be an even better hedge against drops in the market (S&P) than buying SPX puts. The chart in Figure 1 shows how the VIX moves in opposition to the SPX in big moves down in the SPX. In 2008, the VIX reached its highest close at 80.86.
Introducing The VIX Options
Another factor enhancing the effectiveness of VIX options for speculators is their volatility. According to the CBOE, the volatility for the VIX itself was more than 80% for 2005, compared to about 10% for SPX, 14% for the Nasdaq 100 Index (NDX) and about 32% for Google. The value of the options is not direct from the "spot" VIX, rather, it is the forward value using current and next month options; volatility for the forward VIX is lower than that of the spot VIX (about 46% for 2005). However, this is still higher than most stock options out there. An instrument that trades within a range, cannot go to zero and has high volatility, can provide outstanding trading opportunities.
Introducing The VIX Options
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Mr Macron said the design flaws of EMU have led to a situation where the eurozone’s inner core is sucking the lifeblood out of the rest of the currency zone. “The periphery will never converge without fiscal transfers,” he said. He called for an EMU treasury and investment arm with powers to raise taxes in order to cope with asymmetric shocks hitting any one area, perhaps through the tithing of VAT payments. Unemployment costs should be “mutualised” through some sort of joint insurance scheme. The whole structure could be built on the current bail-out fund (ESM), under the executive control of an EU super-commissioner, answering to a eurozone parliament.
Schooling plays a surprisingly large role in short-changing the nation's most economically disadvantaged students of critical math skills, according to a study published today in Educational Researcher, a peer-reviewed journal of the American Educational Research Association. Findings from the study indicate that unequal access to rigorous mathematics content is widening the gap in performance on a prominent international math literacy test between low- and high-income students, not only in the United States but in countries worldwide.
Are American schools making inequality worse? | EurekAlert! Science News
The digital candy of fantastic worlds or the virtual exploration of remote cities through 3D streetview walks will keep you busy enough to make direct eye contact with another human being a thing of the past. 3D advertising placement is certainly on the agenda within this new layer of digital confinement, but that would only be an extension of today’s marketing practices. When movie theaters will have gone, replaced by the anti-social commodity of home cinemas or VR headsets, and when even the odd family movie won’t be shared on the same screen, will there be an app or a virtual movie theater place where to join others watching the same movie, just to pretend we are still social animals?
Samsung and Facebook bring digital addiction to the masses - Electronics Eetimes
Some studies suggest that specific relaxation techniques, like taking deeper breaths or meditating, can be an easy, active way to help relieve stress. Many of these studies have been small or low quality, though; it's tough to say for sure that simply breathing more deeply will make you feel more calm. And when it comes to the physical aspect of stress (i.e. muscle strain), deep breaths have been shown to help reduce tension.
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China's real unemployment rate is much higher than the official rate and, when correctly measured, is much closer to that in other nations at similar levels of development
www.nber.org/digest/oct15/w21460.html
How to ease monetary policy without accelerating capital outflows? That's the question for China's central bank these days. With economic growth at a six-year low and the PBoC devaluing the currency in August, the central bank has been in a battle to prop up the currency. According to the US Treasury the PBoC spent almost $230bn from July to September, in an effort to defeat predictions that the currency will depreciate further.
Renminbi depreciation: not part of the plan - fastFT: Market-moving news and views, 24 hours a day - FT.com
“The government is oversaving,” Liang said in a September interview in her office at the Beijing headquarters of China International Capital (CICC), an investment bank where she serves as chief economist. As a result, she says, “the economy is not running efficiently.”
China’s Trouble With Saving 21 Trillion Yuan - Bloomberg Business
Nomura said on Thursday that intervention in August could be around $170 billion, an unprecedented amount for just one month. Analysts at Dutch bank Rabobank estimated that China sold up to $200 billion of reserves in the last few weeks of August alone. Central banks will sell $1.5 trillion of forex reserves by the end of next year as they try to counter capital outflows stemming from China's slowdown, low oil prices and a rise in U.S. interest rates, Deutsche Bank said on Tuesday.
RPT-Investors buckle up for expected drop in China's forex reserves | Reuters
Amid the extreme pessimism about China’s economy in recent months, it is tempting to conclude that rebalancing has failed. Just look at the car market, usually a good shorthand for the health of consumer demand. Automobile sales fell by 3.4% in August compared with a year ago, the third monthly decline in a row. Yet other forms of consumption are accelerating. A property recovery has stoked demand for furniture, home electronics and renovation materials, with sales rising an average of 17% in August from a year earlier. From jewellery to traditional Chinese medicine, buying has picked up in recent months.
Doughty but not superhuman | The Economist
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The researchers identified four main factors behind the rise in segregation in Europe’s cities: globalisation; economic restructuring; the withdrawal of the state; and the investment (or lack of) in social housing.
Which is the world's most segregated city? | Cities | The Guardian
Cable rates are up 56% since Congress deregulated the industry in 1996, according to Consumers Union. Over that same time period, inflation is up 21%.
Robert Reich: Why your cable bill is so high - Yahoo Finance
BITTORRENT has announced its arrival into the enterprise market with an aggressive disruption in the form of BitTorrent Sync 2.0. The peer-to-peer file sharing service uses the bittorrent protocol to create synced folders across machines, teams and even continents. But unlike cloud services, there is no centralised server, meaning that the data does not pass through any third parties between encryption and decryption.
BitTorrent 2.0 guns for Dropbox, Google Drive and Onedrive with free business file sharing- The Inquirer
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11-01-2015, 04:06 AM
(This post was last modified: 11-01-2015, 04:08 AM by admin.)
In recent years, big cruise operators such as Carnival, Royal Caribbean, and Star Cruises have spent heavily on soaring atriums, sushi bars, cabaret shows, and on-deck water slides to woo vacationers. Don’t tell that to John McGuffick, who’s spent months at a time at sea on cargo vessels—happily ensconced in quarters more suited to a Trappist monk than a Caribbean cruiser.
Travelers Are Taking No-Frills Cruises on Ocean Freighters - Bloomberg Business
“Welcome to THE MELT UP,” says Steve Sjuggerud of the Daily Wealth newsletter, who is looking for stocks to “absolutely soar” over the next 18 months. “Whenever we reach an extreme of fear in the markets, a bottom is often right around the corner,” he wrote. “Once the uptrend returnsoh , you MUST own stocks. In August, we reached that extreme of fear. In September, the uptrend returned.” The set-up has Sjuggerud recalling a similar time in the market’s history.
Here comes your biggest melt-up for stocks since 1998 - MarketWatch
It is to Bernanke’s great credit that the shock of 2007-2008 did not trigger another Great Depression. But his response to its aftermath was unexpectedly disappointing. In 2000, Bernanke had argued that a central bank with sufficient will could “always,” in the medium term at least, restore full prosperity via quantitative easing. If a central bank printed money and bought financial assets on a large-enough scale, people would begin to step up their spending. Even if people believed that only a fraction of quantitative easing was permanent, and even if the incentive to spend was low, the central bank could restart the economy.
The Tragedy of Ben Bernanke by J. Bradford DeLong - Project Syndicate
The best argument for a modern Glass-Steagall act is the simplest. We should want a lot more loss-absorbing shareholder equity. And, to reinforce this, we should want to make the largest banks simpler and more transparent, with “strong structural firewalls” as Dennis Kelleher, of Better Markets, puts it.
Resurrecting Glass-Steagall by Simon Johnson - Project Syndicate
The bears continue to roam Wall Street, Cramer told viewers. First they took on the oils, then the industrials and more recently the biotechs. But there are two sectors from which the bears continue to shy away -- auto parts and defense -- and those sectors remain screaming buys.
Jim Cramer's 'Mad Money' Recap: Using What Went Wrong to Find Buying Opportunities - Pg.2 - TheStreet
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“I really don’t know what to say,” he said.
What Stumped the Loquacious Larry Summers - Real Time Economics - WSJ
Unfortunately, such misinformation and fear-mongering is common. One of the root causes is undoubtedly driven by the commercial interests of the pharmaceutical industry. As cardiologist Peter Wilmshurst points out in a talk he gave at the Centre for Evidence-Based Medicine last year, the drug and device industry has an ethical and legal responsibility to produce profit for their shareholders but not to sell patients and doctors the best treatment. But the real scandal, he says, is the failure of regulators and the collusion of sorts between doctors, institutions and medical journals.
How too much medicine can kill you | Aseem Malhotra | Comment is free | The Guardian
Dogs and cats are in a never-ending fight for the title of “Cutest Animal.” The battle gets really serious when the warriors are a puppy and a kitten. The video doesn’t reveal who emerged victorious, but our money’s on the puppy.
Puppy And Kitten Throwdown In The Most Adorable Street Fight Ever
With the slow wage growth, core inflation as measured through Yellen's preferred indicator, the personal consumption expenditures index, is tracking at just 1.25 percent, according to Steve Blitz, chief economist at ITG.
Janet Yellen just got some pretty bad news
When Louis van Gaal was managing Barcelona, I saw him and the rest of the Barça team at the airport boarding a flight to Santander. Knowing this and seeing Van Gaal on his own – Kluivert, Overmars and Mendieta were ambushed by fans, of course – I approached him, heart pounding. I could ask him anything but said: “Who are you playing this weekend, Louis?” “Racing Santander.” “Thanks Louis.” I proceeded to walk away, wanting the ground to swallow me up.
Pelé, Cruyff, Best and Barnes: our readers’ best stories about meeting footballers | Football | The Guardian
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