09-06-2016, 11:16 PM
The occupations most likely to shrink over the next decade may help explain why older, white American men are signaling greater economic anxiety: They’re most likely to hold those disappearing jobs. Economist Jed Kolko analyzed Labor Department projections andCensus Bureau demographic data and found white men, older adults and the less educated are all more likely to be employed in work that’s expected to decline over the next decade. The analysis shows these jobs have neither the highest unemployment rates, nor the lowest incomes, which may help explain why economic anxiety remains high among those who aren’t necessarily the worst off in today’s labor market. Strong support for Donald Trump among the white working class has produced a steady diet of analyses for what might fuel his rise. A Gallup survey last month suggested his supporters are more easily identified by measures of racial isolation and cultural anxiety than by their personal economic well-being. The Gallup survey and others have examined concerns over declining standards of living, including rising mortality and health issues.
How Shrinking Occupations Could Explain Rising Economic Anxiety - Real Time Economics - WSJ
Robert Frank was playing tennis one cold Saturday morning in Ithaca, N.Y., when his heart stopped. Sudden cardiac arrest—a short-circuit in the heart’s electrical signaling—kills 98 percent of its victims and leaves most of the rest permanently impaired. Yet two weeks later, Frank was back on the tennis court. How did this happen? There was a car accident a few hundred yards away from where Frank collapsed. Two ambulances responded but the injuries were minor and only one was needed. The other ambulance, usually stationed five miles away, reached Frank in minutes.
Why Luck Plays a Big Role in Making You Rich - Bloomberg
The world is awash in paper currency, with major central banks pumping out hundreds of billions of dollars’ worth each year, mainly in very large denomination notes such as the $100 bill. The $100 bill accounts for almost 80% of the US’s stunning $4,200 (£3,152) per capita cash supply. The ¥10,000 note (£72) accounts for roughly 90% of all Japan’s currency, where per capita cash holdings are almost $7,000. And, as I have been arguing for two decades, all this cash is facilitating growth mainly in the underground economy, not the legal one... The costs of tax evasion alone are staggering, perhaps $700bn a year in the United States (including federal, state, and local taxes), and even more in high-tax Europe. Crime and corruption, though difficult to quantify, almost surely generate even greater costs. Think not just of illegal drugs and racketeering, but also of human trafficking, terrorism, and extortion.
Why cash isn't king any more | Business | The Guardian
There's no question that ISIS forces are losing ground in territories in Syria and Iraq — after making so many enemies from several countries and across numerous ethnic lines, the group might have bit off more than it could chew. Forces seem to be losing territory so fast that they resorted to tactics such as kidnapping civilians to form a "human shield" during hasty retreats. And the death of ISIS spokesman Abu Muhammad al-Adnani this week will likely hasten problems within the group. Adnani helped spur recruitment for the group, as well as planned external operations. Images taken of abandoned ISIS strongholds in Syria and Iraq suggest that the trove of valuable intelligence materials left behind, such as ordnance components, could be analyzed by experts to thwart ISIS in the future
Here's what ISIS leaves behind as it loses territory on all fronts - Business Insider
Co-founded and developed by Steve Nygren, Serenbe is currently comprised of two villages, with a third one in the making. Mado, the latest hamlet to join the crew, is slated to include a cluster of more than 55 homes, all of which boast the latest tech to enable residents “to age in place.” There will be a wellness center, aimed at integrating all medical and health needs of geriatric community members, and the goal is to “eliminate the ‘retirement community.'” a Serenbe spokesperson told Digital Trends. After all, she continued, “New trends suggest baby boomers want to age in multi-generational communities,” and Serenbe attracts residents in all stages of life.
Serenbe is a Retirement Community for the 21st Century | Digital Trends