05-01-2014, 02:02 AM
That map, from an interactive tool recently released by the metro New York urban research and advocacy group the Regional Plan Association, shows how many finance-industry jobs are available within half an hour on public transit to someone living at the corner of East 34th Street and Fifth Avenue in Manhattan. Now let's say that same person works in manufacturing
What if we mapped cities by how hard it is to get to work?
Do economic sanctions work? In Russia, maybe not. Russia is sitting on roughly half a trillion dollars in foreign exchange, and it exports about 9 million barrels a day of crude oil bringing in about $330 billion a year — not including its sales of natural gas. It has will as well as means. Russian President Vladimir Putin seems content to suffer some economic damage for the sake of correcting what he sees as a historical wrong and bringing Crimea and perhaps more of Ukraine back into the Russian fold.
Why the sanctions against Russia probably won’t work
Gas prices are set to rise, according to T. Boone Pickens, chairman and CEO of energy-focused investment firm BP Capital.
Natural gas prices are ready to rise: T. Boone Pickens
The homeownership society is clearly over. Even as home prices soar and value returns to real estate, the one number that just keeps falling is the nation's homeownership rate. In the first quarter of this year, it fell below 65 percent for the first time since 1995. It now stands at 64.8 percent, according to the U.S. Census, down from a high of over 69 percent at the height of the last housing boom.
Homeownership falls to 19-year low: Here's why
Michael Stevens, the host of popular science video show "VSauce" and chef Jamie Oliver team up in this YouTube video as part of the "FoodTube" series to show us how to color eggs whites green using completely natural ingredients — no synthetic dyes or other funky stuff is involved.
How To Naturally Turn Eggs Green - Business Insider
Oil and gas have made Qatar the richest country in the world - rich enough to be ready, apparently, to spend $200bn (£120bn) on stadiums and infrastructure for the 2022 World Cup. But has virtually limitless wealth brought the country happiness?
BBC News - Has wealth made Qatar happy?
A pair of twins who were adopted by separate families as babies got married without knowing they were brother and sister, a peer told the House of Lords. A court annulled the British couple's union after they discovered their true relationship, Lord Alton said.
BBC NEWS | UK | Parted-at-birth twins 'married'
Eric Sheridan of UBS today pounded the table for shares of Yahoo! (YHOO), which he rates a Buy, with a $47 price target, arguing that investors are “materially undervaluing the sum of the parts in Yahoo shares (core Yahoo + stakes in Alibaba Group & Yahoo Japan).” Alibaba, in particular, continues to deliver, writes Sheridan: “We believe Alibaba should continue to deliver outsized revenue growth on the back of strong secular growth in China eCommerce.”
Tel Aviv-based startup Consumer Physics pulled the curtain back today on its first product: a tiny hand-held molecular sensor called Scio. The device, which Consumer Physics has launched a Kickstarter project for, would allow users to scan practically anything –foods, drinks, pills, plants, and more– and get detailed information on the object’s chemical makeup in just a few seconds.
This Pocket-Sized Spectrometer Tells You the Chemical Makeup of Foods | Digital Trends
The International Monetary Fund (IMF) mission chief to Moscow said Wednesday that Russia's growth forecast for the year had been cut from 1.3 percent to 0.2 percent, adding that Russia was currently "experiencing recession."
IMF slashes Russia growth forecast, warns of outflows
When it comes to churning out profits and pushing higher in the face of a slow growth U.S. economy, corporate America has taken a page out of Elvis Presley manager Colonel Tom Parker’s playbook – they’re just ‘taking care of business.’
However, it's becoming clearer that what's actually occurring leads back to Russia through Crimea. Igor Strelkov, a suspected Russian intelligence officer who has emerged as the face of the insurgency, recently told journalists that he and his men entered Ukraine from Crimea. Earlier this month, Putin admitted that the masked men in unmarked military uniforms who commandeered Crimea were Russian troops.
Putin's Ukraine Fiction Is Falling Apart - Business Insider
China may overtake America as the world biggest economy earlier than expected, by the end of this year, rather than by 2019. New data from the International Comparison Programme, a UN statistical database which compares purchasing power across borders and currencies, indicates China’s size may have been underestimated. The Economist says China’s purchasing power parities (PPP) is now up to 20% higher than economists had previously estimated in the 2005 survey. And, according to The Economist’s calculations, China will now take the crown as the world’s largest economy by the end of 2014.
China May Overtake America As The World's Largest Economy By The End Of 2014 - Business Insider
U.S. markets have had a rocky April and some strategists are predicting another 5% to 10% correction. David Zervos, chief market strategist at Jefferies, says stocks are not overvalued and investors should buy the dips. “A lot of the valuation metrics that are typical of the stock market…they fail to take into account the extraordinary monetary policy that’s been put into place,” he explains in an interview at the Milken Institute Global Conference.
“Investing should be like watching paint dry or watching grass grow. If you want excitement…go to Las Vegas.” Paul Samuelson
One Trader's 21 Favorite Quotes About Markets And Investing - Business Insider
OpenSSL, which the Internet depends upon, has a single full-time employee dedicated to keeping the software secure. Other projects are similarly understaffed.
Hunting for the Next Heartbleed | MIT Technology Review
Big data and artificial intelligence are producing ultra-accurate forecasts that will make it feasible to integrate much more renewable energy into the grid.
Smart Forecasts Lower the Power of Wind and Solar | MIT Technology Review