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US News: These cars are the best bang for the buck (F, GM, FCAU)

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Ford F150

Everyone is looking for a great deal when stepping into the shiny halls of a car dealership. But getting a car that is a great value extends past the price you pay at the showroom. You have to consider the quality of the car, how much you'll pay, and how much it costs to operate the vehicle in the long run.

This is exactly what US News and World Report delved into when creating a list of the best cars for the money. The publication took into consideration a car's performance, safety, comfort, and reliability, but it also used TrueCar.com data to determine the average cost of purchase. In addition, the publication obtained five-year cost of ownership data from Vincentric.

US News' list rates the best value in 20 vehicle categories, ranging from hybrids to full-size trucks.

The biggest winner this year is Toyota/Lexus, whose vehicles took the top spot in five categories.

"Most consumers know to look to Toyota for value and reliability," U.S. News Best Car rankings managing editor, Jamie Page Deaton, said in a statement. "However, these wins show that Toyota and Lexus go beyond the basics and impress reviewers with the performance, comfort and connectivity of their products, while also providing compelling pricing and ownership costs versus the competition."

Following close behind Toyota, Honda/Acura emerged victorious in four categories. In total, import brands took 15 of the 20 categories.

Here's a closer look at US News and World Report's Best Cars for the Money list for 2017.

SEE ALSO: This stylish SUV is Mercedes' hot new weapon against Audi and BMW

Best 2-row SUV for the money: 2017 Nissan Murano



Best 3-row SUV for the money: 2017 Kia Sorento



Best compact car for the money: 2017 Kia Soul



See the rest of the story at Business Insider

8 retailers that are shrinking across America (M, SHLD)

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A customer exits the Macy's flagship department store in midtown Manhattan in New York City, November 11, 2015.  REUTERS/Brendan McDermid

Analysts predicted that 2017 would be a rough year for retail stores.

Just a month and a half into the new year, that prophecy has proven to be true. 

A wave of store closures has hit traditional retail chains, especially those with a high proportion of locations in malls.

Many chains that are closing stores are also facing a very real threat of bankruptcy.

Here are eight retailers that are disappearing across the US. 

SEE ALSO: 26 retailers that still sell Ivanka Trump's fashion brand despite boycotts

The Limited

The women's clothing retailer shut down all 250 of its stores in early January. 

"We're sad to say that all The Limited stores nationwide have officially closed their doors," the company said in an online statement. "But this isn't goodbye. The styles you love are still available online — we're just a quick click away 24 hours a day."



Macy's

Macy's is closing 68 stores and laying off nearly 4,000 employees, beginning in early 2017. Ultimately, the retailer plans to shut down about 100 stores, or 15% of its store base, over the next couple of years.

The retailer has struggled to keep up with the rise of e-commerce. In early February, the Wall Street Journal reported that Macy's had received a takeover offer from Canadian retailer Hudson's Bay.



Sears

Sears plans to shutter 108 Kmart stores and 42 Sears stores by April.

Sears' downward spiral has analysts speculating that the company will file for bankruptcy and some of the brand's suppliers already cutting back on shipments. 



See the rest of the story at Business Insider

Photos reveal the excavation of a newly discovered Dead Sea Scrolls cave

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hu170208 remnantofscroll.JPG Dead Sea Scrolls cave

In the more than 800 documents that make up the Dead Sea Scrolls, there are ancient copies of biblical texts, historical commentaries, hymns, recipes, and more.

They provide some of the most detailed knowledge we have about the Second Temple period of history, from about 530 BC to 70 AD, revealing much of the history of Judaism and early Christianity.

And since 1956, we've thought that these documents all came from 11 caves in Wadi Qumran, near the northwest shore of the Dead Sea in the Desert of Judea. 

But in February of 2016, it was announced that a new Dead Sea Scrolls cave had been discovered.

Here are photos from the archaeologists involved that show the expedition:

SEE ALSO: A new Dead Sea Scrolls cave has been discovered — and it might not be the last

DON'T MISS: These award-winning photos show planet Earth in ways you've never seen it

Researchers have begun to scour the area for new caves since fragments of valuable scrolls are thought to have appeared on the antiquity black market.



This was just one of many potential caves, but the researchers involved say they're certain it held Dead Sea Scrolls, meaning there are at least 12 such caves overall — and there may be more.



Inside, archaeologists from the Hebrew University of Jerusalem and Virginia's Liberty University found a tunnel and iron pickax heads, indicating that the cave had been looted in the 1950s.



See the rest of the story at Business Insider

The tech industry has $21 billion worth of open, high paying jobs — here are the top 15

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hackathon coding computers working

Most employers don't want to broadcast the salaries they're willing to pay when they post jobs, so job-hunting site Glassdoor has decided to do that for you.

It now includes a salary estimate with every job listing, based on sifting through the millions of self-reported salaries hosted on its site.

To celebrate that new feature, it dug into its data to find out which industries and job titles had the most openings.

All told, there are a whopping $272 billion worth of unfilled jobs right now in the U.S. 

The industry that had the most job openings is health care. It has just under 800,000 open jobs worth $45.2 billion in annual salaries. 

The tech industry ranked fifth overall, in terms of the total estimated dollar value of its job openings (after health care, business services, retail, transportation and logistics.)

But tech still has a lot of high paying jobs available, with some job titles more in demand than others.

Here are the top tech titles with the most open jobs and total pay available, aka total economic value, according to Glassdoor.

SEE ALSO: A programmer came up with a hilarious way to shut down dangerous Windows scammers

There are 263,586 jobs available in tech in the US right now.

All told they are worth $21 billion a year in pay.



No. 15: Mobile Developer

Job title: Mobile Developer

A mobile developer writes mobile apps.

Open Jobs: 1,930

Average Base Pay: $91,167

Economic Value: $175,951,865

See open jobs



No. 14: IT Architect

Job title: IT Architect

An IT architect is someone that can design corporate IT systems.

Open Jobs: 1,618

Average Base Pay: $115,332

Economic Value: $186,607,738

See open jobs



See the rest of the story at Business Insider

America entered World War I 100 years ago — this art shows what it was like

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If you think the world is chaotic now, imagine living a century ago in the heights of World War I.

As we approach the 100-year anniversary of America joining the fray on April 6, 1917, the Pennsylvania Academy of the Fine Arts is holding the first major exhibition on American art and the war (appearing later this year in New York and Nashville).

"The works in WWI and American Art help us see in fresh and unfamiliar ways where we were headed a century ago and, by extension, where we maybe headed today," write curators Robert Cozzolino, Anne Knutson, and David Lubin (this reporter's father).

We’ve gathered some works from the exhibition below along with insights from the catalog.

SEE ALSO: Stunning combat artwork reveals WWII fighting that will never be seen again

American art was mostly pro-war, at least at first. None more so than Childe Hassam’s dreamy paintings of flags in New York City.



Some artists made actual propaganda, like this famous work by James Montgomery Flagg (modeled after the artist himself).



Some posters questioned the manhood of anyone who didn’t fight.



See the rest of the story at Business Insider

San Francisco has done it again with the 'sushi croissant' — here's what it's like

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First, the "sushi burrito" took over San Francisco.

Now, a flaky pastry stuffed with smoked salmon, seaweed, ginger, and wasabi — a "sushi croissant" — is capturing the hearts of those brave enough to try it.

The sushi-stuffed pastry comes from the creative minds of Mr. Holmes Bakehouse, a bakery in San Francisco's Tenderloin district that's famous for its hybrid desserts and drool-worthy Instagram feed. The bakery calls the pastry a "California croissant," in honor of its sister, the California roll.

We visited the kitchen of Mr. Holmes Bakehouse to see how it comes together. 

SEE ALSO: I tried the sushi burrito, the 'mutant food' San Franciscans are obsessed with — take a look

Brittany Dunn, a pastry chef at Mr. Holmes Bakehouse, says it took her a week to try the bakery's "California croissant" after she was hired. "That sounds awful," she remembers thinking.



It turned out to be love at first bite. The California croissant has since become Dunn's favorite item on the menu at Bakehouse, which is known for its popular "cruffin" (a croissant-muffin hybrid).



Before we gave the California croissant a taste, Dunn led us into the kitchen to see how the pastry is made. The chef piped a stripe of wasabi along the pastry's edge.

"It looks like a lot," Dunn said. But the heat of the wasabi burns off in the oven.

 



See the rest of the story at Business Insider

8 signs you're in a strong relationship — even if it doesn't feel like it

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Old Couple/The Sporty Seniors of Sun City

Like any other annual holiday, Valentine's Day is a chance to reflect on everything that's happened — and all the ways you've grown — in the last year.

In this case, it's an opportunity to consider how your relationship has evolved, and (gulp) whether you think it'll last.

Psychologists have spent years studying the traits that are fundamental to successful long-term relationships and have come up with a few key ideas. We rounded up some of their most surprising insights below.

A word of caution: If you notice that your relationship doesn't meet all these criteria, that does not necessarily mean you should end things with your partner. Consider this list a general set of guidelines that can help you start evaluating whether your current relationship is bringing you satisfaction and happiness.

SEE ALSO: 15 relationship facts everybody should know before getting married

You think about your partner often when you're not together.

In 2007, researchers randomly dialed nearly 300 married people and asked them a series of questions about their relationships and how in love they felt.

Results showed that certain relationship characteristics were linked to stronger feelings of love. One especially interesting finding: The more often people reported thinking about their partner when they were apart, the more in love they felt.

The same study included a follow-up experiment with nearly 400 married New Yorkers, which found that difficulty concentrating on other things while you're thinking about your partner is also linked to strong feelings of love — especially for men.



You respond positively to each other's good news.

Business Insider's Lauren Friedman reported that one litmus test of a happy relationship is how enthusiastically each partner responds to the other's good news.

A Psychology Today blog post breaks down four ways a man could respond after his partner tells him about a promotion at work:

• An active-constructive response from him would be enthusiastic support: "That's great, honey! I knew you could do it, you've been working so hard."

• A passive-constructive response would be understated support — a warm smile and a simple "That's good news."

• An active-destructive response would be a statement that demeaned the event: "Does this mean you are going to be gone working even longer hours now? Are you sure you can handle it?"

• Finally, a passive-destructive response would virtually ignore the good news: "Oh, really? Well you won't believe what happened to me on the drive home today!"

Perhaps unsurprisingly, the response that's most closely linked to relationship satisfaction is the active-constructive response.



You spend some time apart, with your own friends.

Over the past few decades, we've started placing increasing demands on our spouses. As Business Insider's Jessica Orwig reported, no longer do we expect them to be financial partners, protectors, and companions — now we also want them to provide personal fulfillment.

The psychologist who produced some of these findings, Eli Finkel, suggests that if you want to be happy in your marriage, it's best not to look to your partner for all your existential needs. Finkel recommends finding yourself in hobbies, friends, and work.



See the rest of the story at Business Insider

Here's how many years you need to work to afford a down payment in 15 US cities

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San Francisco City and HomesBuying a home takes a lot of planning. Neighborhoods need to be researched, open houses attended and, if you have children, schools need to be investigated. But first and foremost, before you can even take the first step in buying a home, you need to make sure you have enough saved up for a down payment. Depending on where you live, saving for a down payment can be a multi-year process requiring careful financial planning.

Below, we investigate how long it takes to save for a down payment in some of the largest cities in the country.

Data and methodology

In order to determine how long it takes to save for a down payment, we looked at data on median home prices and median household income in the 15 biggest cities in the country (population-wise). In conducting this study, we assumed that the households would make the median income in each city and would be buying a median-priced home.

We calculated how long it would take for households to save enough for a 20% down payment (the recommended amount) if they saved 20% of their incomes. We then ranked each city by length of time needed to save to afford the down payment.

Data on median home values and median household incomes come from the U.S. Census Bureau’s 2015 5-year American Community Survey. Note that all the household incomes used in this study are prior to income taxes being deducted. The Census Bureau determines median housing value by asking survey takers how much they think their house would sell for.

Readers should keep in mind that even if residents in some cities save enough for the down payment on the median home, the ensuing mortgage payments may still be out of their reach. Take New York City, for example. An average household which makes a down payment of $98,000, would have a mortgage balance of $395,000.

Using SmartAsset’s mortgage calculator, we estimate that monthly payments for that mortgage would cost about $2,700, after factoring in real estate taxes. That’s too expensive for the median household bringing in a pre-tax monthly income of $4,400, on average. In fact, that’s a whopping 61% of the pre-tax income.

Key findings

  • Unaffordable homes – Despite the high incomes in cities like San Francisco, Los Angeles, and New York, buying a home is largely out of the average household’s reach. Just saving up for a down payment on the median home will take over nine years in these cities. No wonder almost everyone rents – or eventually moves to the suburbs.
  • Costly California – California is home to four of the five cities which require the longest saving period for a down payment – San Francisco, Los Angeles, San Jose, and San Diego. The demand for housing in the Golden State seems to be greater than the supply, and buying a home in these cities is difficult for the average household.

SEE ALSO: Where you should store the money you're saving for a down payment

1. San Francisco, California

San Francisco has one of the priciest housing markets in the country. Median rent in SF costs almost $20,000 per year, according to the U.S. Census Bureau. And if you are a renter, switching to owning a home won’t be easy.

Data from the Census Bureau shows that for average households in San Francisco to put a down payment on the median-priced home, they will need to save for over 9.84 years, despite taking home $81,294 on average, every year. It takes so long because San Francisco has the highest median home value in the country at $799,600, almost $200,000 more than the second-highest, San Jose.



2. Los Angeles, California

The average household in sunny Los Angeles makes about $50,000 annually, quite a bit less than San Franciscans, but the number of years one needs to save for a down payment here is similar.

We estimate that Los Angeles residents will need to save for 9.38 years to hit the $94,000 they will need to put a down payment on the average house. The median home value in Los Angeles is $471,000.



3. New York, New York

New York’s situation is similar to that in Los Angeles. The average home in New York has a value just shy of $500,000 and the average resident makes $53,000.

Of course, New York is one of the most expensive cities in the country, so saving 20% of income per month may require some diligence. The average household would need to save for just over nine years for a down payment on a median-priced home.



See the rest of the story at Business Insider

The top 10 US cities where buying a home is worth the investment

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Home is where the heart is, so the saying goes. For homeowners, their home is also where they probably invested a large chunk of their money.

In some places homeownership has proved to be a worthwhile investment, as the home values skyrocket. But in other places, depressed home values and high property taxes may have made owning a home less worth it.

In order to determine the best cities for homeowners, we looked at four factors.

Specifically, we looked at the one-year median home value change, the six-year median home value change, the property crime rate per 100,000 residents and the average effective property tax rate. To get a better understanding of where we got the data and how we put it together, check out our data and methodology section below.

Key findings

  • The Centennial State— Colorado cities claimed two of the top three spots in our study of the best cities to be a homeowner. Denver and Aurora finished first and third, respectively.
  • Satellite cities— Many of the cities in our top 10 are satellite cities or suburbs of a larger city. Aurora, Fremont, Irvine, Arlington, Gilbert and Chandler all fit this profile.
  • Midwest tanks — Four out of the five cities that received the worst rankings are in the Midwest. The biggest culprit for this is declining home values. In Milwaukee, for example, median home values declined by over 15% from 2010 to 2015. And in Cleveland, that decline was close to 20% over the same time period.

Data and methodology

In order to find the best cities to be a homeowner, we gathered data on the 100 largest cities. We considered the following four metrics:

  • One-year median home value change. This is the percent change in the median home value from 2014 to 2015 and is meant to measure the short-term change in home values. Data comes from the U.S. Census Bureau's 2014 and 2015 5-Year American Community Surveys.
  • Six-year median home value change. This is the percent change in the median home value from 2010 to 2015. This metric measures the long-term change in home values. Data comes from the U.S. Census Bureau's 2010 and 2015 5-Year American Community Surveys.
  • Average effective property tax. Data comes from the U.S. Census Bureau's 5-Year American Community Survey.
  • Property crime rate per 100,000 residents. This is the number of property crimes per 100,000 residents. The property crime data comes from FBI's 2015 Uniform Crime Reporting Program and from local police departments and city websites.

We ranked each city across each of the four metrics, giving an equal weighting to each metric. We then averaged each ranking. Next, we applied a score to each city based on its average ranking. The city with the highest ranking received a score of 100 and the city with the lowest ranking received a score of 0.

SEE ALSO: The 25 best places to live where the average home costs less than $250,000

DON'T MISS: The 22 best places to live in America if you want to make a lot of money

9. TIE: Chandler, Arizona

Another suburb of Phoenix, Chandler is great for homeowners for many of the same reasons as Gilbert. Home values in Chandler rose 5.17% from 2014 to 2015. That's the 14th-largest increase in our study. Property taxes are also very affordable. Homeowners in Chandler pay an average effective property tax of only 0.67%, one of the lowest in the study.



9. TIE: Boston

With a population of 650,000, Boston is the second-largest city to crack out top 10. Homeowners here will appreciate the increasing home values and low property taxes, especially considering how expensive buying a home can be. The median home in 2015, for example, cost almost $400,000. For the Bostonians who managed to buy a home, they saw median values rise 3.72% from 2014 to 2015. That's the 30th-fastest rate in our study. Plus, if you own a home in Boston, you can expect to only have to pay an average effective property tax of 0.77% — a top 20 rate in our study.



8. Santa Ana, California

Hopefully if you bought your home in Santa Ana sometime around 2010, you have not sold it yet. The median home value in Santa Ana was down 13% over the period from 2010 to 2015. However, home values now look to be trending up. They rose 5.19% between 2014 and 2015. Santa Ana also offers homeowners an effective property tax rate around 0.7% and a low property crime rate of only 2,155 per 100,000 residents.



See the rest of the story at Business Insider

The 20 best romantic movies on Netflix you'll actually want to watch

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Valentine’s Day is upon us, and whether you’re planning a fancy night out at your favorite restaurant or flopping onto the couch with single friends, let’s face it, at some point you will be watching Netflix.

Nothing breaks the mood more than a dull movie, so we’ve put together a collection of romantic movies on the streaming giant that will keep the night on a high note.

From studio rom-coms like “How to Lose a Guy in 10 Days” and “Serendipity” to lesser-known titles like “The Duke of Burgundy” and “Medicine for Melancholy,” there’s a lot of passion going on in this list.

Here are 20 romantic movies on Netflix you need to check out:

Note: Numerous Netflix titles drop off the streaming service monthly so the availability of titles below may change.

SEE ALSO: All the most shocking things about Scientology, according to Leah Remini's revealing show

“The Princess Bride”

Rob Reiner’s classic that looks at “truuuueeee loooovvvveeee” never gets old. And we challenge you to look away from young Cary Elwes and Robin Wright.



“Moonrise Kingdom”

Two young lovers run away from a New England town leading to a search party to track them down. But from the mind of director Wes Anderson, that means a highly stylized search party.



“Under the Tuscan Sun”

Diane Lane plays a recently divorced woman who on a whim buys a villa in Tuscany. Prepare for incredible shots of the Italian countryside and follow her character's entertaining quest to find love.



See the rest of the story at Business Insider

All the most controversial moments from HBO's 'Girls'

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“Girls” has had quite a cultural impact throughout its six-season run. The HBO show was one of the first glimpses of millennial life for a wider audience. Following the worst recession since the Great Depression, creator Lena Dunham used this show as an opportunity to expose how a particular segment of a particular generation really felt, and how their lives were completely different from generations before them.

Along with the struggles of finding a job and choosing a career to stick to, “Girls,” which premieres its sixth and final season Sunday, explores how this generation approaches relationships in ways we're not used to seeing on TV.

The storylines and depth of the lives of sexually active (some more than others) twentysomethings in New York City came with many praises, but also plenty of controversy and media handwringing.

Here are the most controversial things to happen throughout "Girls" so far:

SEE ALSO: RANKED: The 20 best new TV shows right now, according to critics

The "whitewashing" of New York

Back when the show premiered in 2012, it received glowing reviews from critics and audiences alike. But there was one problem that critics and audiences noticed. For a show taking place in New York City, one of the most diverse cities in the United States, the show was certainly lacking it: Its entire cast was white. The backlash against the show’s “whitewashing” continued well into its first season. 

 



Allegations of nepotism against the stars

As the show got more popular, so did the actors. And the main cast wasn't always welcomed with open arms, as it was revealed that the women all had some kind of connection to the entertainment industry through their parents. 

Lena Dunham's mom is a famous artist. Zoisa Mamet is the daughter of playwright, screenwriter, and director David Mamet (he wrote "Glengarry Glenn Ross," among others). Allison Williams is the daughter of Brian Williams, former NBC news anchor. And Jemima Kirke's dad is the former drummer of the rock band Bad Company. 

Their media connections felt like much more than a coincidence to a lot of people. 



Marnie’s scandalous bathroom time

In episode three of the show’s first season, Marnie (Allison Williams) has a full-on masturbation scene in a public restroom. The scene was bold on its own, but especially bold for the early days of a new series.

Williams told Vulture, “I’m sort of fascinated that it’s being made into a thing, because I just looked at it as a part of my job. There were scenes that were more difficult for me to do than that one, and it’s interesting to me that people are fixating on it. I mean, little Sally Draper in 'Mad Men' did it before me, so listen — I’m just entering her territory.”

 

 



See the rest of the story at Business Insider

10 illustrations that sum up what life is like for introverts

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Being an introvert in an extrovert world is hard.

When "friendly" is defined as outgoing and talkative, people who prefer to spend time alone or think through what they want to say before speaking often get left behind.

Maureen "Marzi" Wilson finally gives introverts their (somewhat reluctant) moment in the spotlight in her book, "Introvert Doodles: An Illustrated Look at Introvert Life in an Extrovert World."

She illustrates awkward encounters, vents her frustrations, and shares advice and pep talks for anyone who finds the world overstimulating.

Here are 10 of her doodles that show just how real the introvert struggle is.

SEE ALSO: 15 hard truths about adulthood, from a 29-year-old illustrator who tells it like it is

Introverts generally think through what they want to say before talking, which makes thinking on their feet stressful.



Phone calls are the worst. Without any visuals, their active listening becomes awkward silence.



Long conversations are exhausting.



See the rest of the story at Business Insider

Some of the smartest minds on Wall Street are sounding the alarm on the Trump bump

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Ray Dalio

Elliott Associates. Bridgewater. Baupost.

They're some of the biggest names in investing. They're also warning of increasing risks in the stock market.

US stocks have had a good run since the election of Donald Trump. The promise of tax cuts, repatriation of overseas profits, and deregulation had Wall Street abuzz almost immediately after Trump's win. Financial stocks, in particular, have rallied, with the latest boost coming on the back of Trump's executive order to review the Dodd-Frank rule.

The Dow Jones industrial average hit a landmark 20,000 on January 25, and the Nasdaq composite just hit a new record.

But the speed and scale of the rally — and the realization that Trump's policies aren't just good news for investors — has several influential voices in the market sounding the alarm.

Comments from the White House on issues ranging from currency devaluation to border taxes have put the market on edge. Worry about inflation is emerging, too, and there's also concern about the overheated valuations on stocks.

Here's a roundup of warnings from some of the biggest funds and investors:

More of the rough, less of the smooth

The primary concern among investors is that nothing is going to be as smooth as stock market valuations currently reflect, with investors overlooking the effects of border taxes and trade restrictions on profit margins and global economic growth.

Sebastien Page (T. Rowe Price)

Here's Sebastien Page, head of asset allocation at T. Rowe Price, referring to Robert Shiller's cyclically adjusted price to earnings, or Cape, ratio:

"I don't know what metrics you look at, but the Shiller Cape Ratio is at 28, and if you look back at the 150-year history, there were only two other times that it was higher. The tech bubble in the '90s and then 1929. And it's actually close to where it was in 1929. We use a bunch of evaluation measures, I use that one just as an example."

Page said the stock market has priced in tax cuts, but not delays in implementation. Similarly, it has priced in increased spending on infrastructure even though that faces hurdles to get the go-ahead.

"And we're not pricing in things like the border tax, which really eat into profit margins very quickly, and not only that, but it can start a domino effect with other countries," he said. "That is sort of the uncertainty that is out there."

Seth Klarman (Baupost)

In a letter to investors, famed value investor Seth Klarman, the head of Baupost, made a similar point.

"Exuberant investors have focused on the potential benefits of stimulative tax cuts, while mostly ignoring the risks from America-first protectionism and the erection of new trade barriers," he said, according to The New York Times.

Ray Dalio (Bridgewater)

Ray Dalio, the founder of the giant hedge fund Bridgewater, alluded to this in a letter to investors.

"While there is a lot of potential to improve fiscal policies and make beneficial structural reforms (to enhance the business friendly environment, reduce regulatory inefficiencies, etc.), there is also significant risk that his populist policies could hurt the world economy (and worse)," he said, according to a Bloomberg report.

Nouriel Roubini (Roubini Macro Associates)

Nouriel Roubini, the economist known for calling the financial crisis, is also focused on this risk. He said the US has spooked its trading partners by unilaterally pulling out of the long-negotiated and hard-fought Trans-Pacific Partnership, or TPP.

If pushed further, "America's trading partners will have little choice but to respond to US import restrictions by imposing their own tariffs on US exports," Roubini said. "The ensuing tit-for-tat will hinder global economic growth, and damage economies and markets everywhere."



The end of an era

Trump's election has also seen a remarkable shift in economic predictions, where the market has gone from fearing deflation to expecting a quick rise in prices.

Sebastien Page (T. Rowe Price)

Page told Business Insider:

"One of our team members around the election commented that, 'You know, if you look at the inflation expectations postelection, it looked like Trump had done more for inflation expectations with 2 million red hats that say 'Make America Great Again' than years and years of super-aggressive monetary policy.' So you have to put it in context. But the fact is inflation expectations are picking up."

He added that he considered a spike in inflation a tail risk — the kind of risk that is unlikely but could have "devastating effects."

David Einhorn (Greenlight Capital)

David Einhorn, the founder of the hedge fund Greenlight Capital, also highlighted this risk in a letter to investors, saying fiscal stimulus could add fuel to an accelerating economy and tightening job market in the short term.

"Ultimately, wage inflation could become a drag on corporate profitability, and higher inflation may force the Fed to raise rates substantially, potentially causing the next recession," he added.

Elliott Associates

Elliott Associates, the $30 billion-plus hedge fund led by Paul Singer, has also sounded the alarm on the risk of inflation. In a letter to investors reviewed by Business Insider, Elliott said (emphasis added):

"There is a deep underlying complacency which we think permeates global financial markets. The basically low volatility of the last eight years has led to a widespread assumption that financial market volatility has been bottled and will remain controlled.

"Moreover, despite the radical monetary policy which has become orthodoxy for the entire developed world's central banks, there is no fear of a near-term eruption of significant systemic price inflation. It is a fool's errand to predict the near-term course of inflation (and global central bankers and policymakers have failed miserably and continuously in performing this errand), but we believe that the global confidence in the placidity and boundaries of inflation (and global financial risk) is misplaced and overdone."



Trouble in the bond market

A pickup in inflation spells bad news for the bond market, as it means the Federal Reserve may be forced to lift rates more quickly than expected, crushing investors who bought bonds in the period of extremely low interest rates.

"In our conversations with investors, a popular narrative has re-emerged: the (not so new) conviction is that the market may be grossly underestimating US/Fed rate risk," Themos Fiotakis and his team at UBS said in a note.

Rebecca Patterson (Bessemer Trust)

Then there is the risk of uncertainty at the Fed. Rebecca Patterson, the chief investment officer of Bessemer Trust, told Business she's worried about bond market volatility later this year as Federal Reserve Board Chair Janet Yellen's term gets closer to expiring in 2018.

"Remember it was August 2015 and there were worries about who was going to take over from Bernanke," she said, referring to former Fed Chair Ben Bernanke. "There was a lot of disagreement whether it would be Larry Summers, Janet Yellen, or someone else, and the bond market volatility exacerbated the equity market volatility at the time.

"I don't think the market is adequately focused yet on the possible bond volatility we could get later this year," she added.



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RANKED: The 15 tech companies that pay interns the most

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The Internship Google

Interns are unflatteringly stereotyped as a lowly role — making coffee, photocopying for hours on end, and getting paid little more than expenses.

This definitely isn't the case in Silicon Valley.

Internships at America's top tier tech companies are highly prized, and the businesses compete fiercely with one another for the very best young engineering talent.

There's no expenses-only or minimum wage salaries here. Many tech interns are paid upwards of $6,000 per month — far more than some people in other industries make with decades of experience under their belt.

Using data provided by Glassdoor, a site for reviewing employers, we've ranked the 15 highest-paying internships in the US technology industry today. Everyone from Google to Uber is included, but the number one spot goes to a company you might not expect. Check it out below.

Note: The figures listed are monthly salaries, for companies with 10 or more intern salaries submitted to Glassdoor within the last two years. The salaries listed are all for internships based in the US. Conversions into pounds have been provided, but the amounts paid by these companies to their interns in Britain — and elsewhere in the world — will likely vary from what is paid in the US.

15 (tied). Yahoo: $6,333/month (£5,100)

A former intern said:

"The pay and benefits are promising. Lots of fun activities during my internship. A must-mention: the foods are really good! The people are very friendly and the working pace is very proper for me: people work hard, but not too intensive."



15 (tied). Twitter: $6,333/month (£5,100)

A former intern said:

"The interns are usually well-programmed. From they day one you can be on top of your project. I interned at Google Inc before and comparing to my previous experiment Twitter was awesome. The company is mid-size so you have place to grow."



15 (tied). Expedia: $6,333/month (£5,100)

A former intern said:

"The company culture is great, with strong sense of belonging and great work-life balance. Coworkers were extremely friendly ... Expedia is a HUGE company at this point, and the work is distributed very efficiently--meaning not much room for creativity in everyday work."



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21 skyscrapers that will transform London's skyline by 2020

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SpireLondon,GreenlandGroup,exteriorfacade(day)

With planning permission being granted for building projects further away from the city's two financial districts, London's skyline is going to transform over the next three years.

We listed some of the most striking developments across the city that are set for completion by 2020.

While Stratford, Canary Wharf, and Lambeth appear to be the most dominant areas in terms of up-and-coming buildings, new skyscrapers will be cropping up all across London, including two new high-rises in the heart of the City itself.

From Paddington to Stratford, here are the buildings shaking up the city's skyline right now.

The Scalpel, the City — 2017

Designed by Kohn Pedersen Fox (KPF),  the tower at 52 Lime Street will be 190m tall, with 35 floors of offices above ground and mezzanine levels, and include a public square which leads onto the area shared by the Lloyd's of London and Willis buildings.

The "Scalpel"— which is due for completion in 2017 — was designed as a visual counterpart to the neighbouring "Cheesegrater" building, and is slanted in order to not disturb the closely guarded view of St Paul's Cathedral. 



Chelsea waterfront, Chelsea — 2019

Designed by architect Sir Terry Farrell, Chelsea Waterfront will include two glass residential towers of 37 and 25 storeys, three riverside buildings arranged around landscaped gardens and the redevelopment of the Lots Road Power Station. The development will also include shops, restaurants, and bars together with a residents' gym.



Keybridge House, Lambeth — 2017

Due for completion this year, Keybridge will be the UK’s tallest residential brick tower. Designed by Allies and Morrison, it will include eight-storey Keybridge House, and Keybridge Lofts, which stands 37 storeys, adding a unique red-brick building to the sea of glass skyscrapers in Vauxhall. Inside, it will host a club lounge, landscaped gardens, a swimming pool, gym and spa with sauna and steam room.



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The man who dodged the US Secret Service to shower Trump with swastika golf balls explains how he did it

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Meet British comedian Simon Brodkin. He pranks powerful people whom he believes need to be brought back down to earth with a "funny bump."

Simon Brodkin

You may know him best for this moment when he showered former FIFA boss Sepp Blatter in bank notes. It was a pretty good metaphor for the crippling corruption scandal engulfing FIFA in 2015.

British comedian known as Lee Nelson (unseen) throws banknotes at FIFA President Sepp Blatter as he arrives for a news conference after the Extraordinary FIFA Executive Committee Meeting at the FIFA headquarters in Zurich, Switzerland July 20, 2015. World football's troubled governing body FIFA will vote for a new president, to replace Sepp Blatter, at a special congress to be held on February 26 in Zurich, the organisation said on Monday.

Donald Trump was Brodkin's No.1 target last year. After hearing that the US president was making a flying visit to Scotland to open his Turnberry golf resort, the comedian seized his opportunity. 

His plan was captured for Channel 4 documentary "Britain's Greatest Hoaxer." This is the story of how he out-foxed the Secret Service and punked the president.

Donald Trump loves opening his golf courses — so much so, he has curtain-raising ritual.



He walks to the first hole, makes a speech, cuts a ribbon, and then tees off.



This was the starting point for Brodkin's prank plan.



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The 13 best stories about Bill Gates that show off his eccentric genius (MSFT)

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Bill Gates has led a heck of a life— from Harvard dropout, to Microsoft billionaire, to globetrotting philanthropist. 

In that time, he's developed a reputation as a strict manager, a brilliant thinker, and a guy who takes simple pleasure in doing the dishes. 

Here are the absolute best stories we've ever heard about Bill Gates, sourced from books, the web, and all the interviews with former colleagues Business Insider has performed over the years. 

SEE ALSO: The rise of Bill Gates, from Harvard dropout to richest man in the world

In high school, a young Bill Gates was tasked by administration to use its computers and create a class schedule. Gates used the opportunity to fill his classes with all of the girls he was interested in.

Source



At Harvard, Bill Gates never actually went to any of the classes he signed up for, instead showing up for whatever other courses struck his fancy. And yet, thanks to the magic of cramming, he always did well enough on his final exams to pull A's.

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At Harvard, a 20-year-old Bill Gates came up with an impressive solution to the so-called "pancake sorting" problem in math that stood for 30 years. But when his professor called to tell Gates that his solution would be published in an academic paper, he didn't care -- he had already gone off to found Microsoft.

"Two years later, I called to tell him our paper had been accepted to a fine math journal. He sounded eminently disinterested. He had moved to Albuquerque, New Mexico to run a small company writing code for microprocessors, of all things. I remember thinking: "Such a brilliant kid. What a waste," former Harvard professor ChristosPapadimitriou wrote.

Source



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Flight attendants share the 25 things they wish passengers would stop doing

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Singapore airlines flight attendant

We all have annoying habits, and travel tends to bring out the worst in people.

If you have any sympathy for your flight attendants, who, day in and day out, are privy to some of the most extreme human behavior, you'd make an effort to do better.

The first step is knowing just what you're doing wrong.

Luckily for you, we asked flight attendants everywhere to share the annoying things they wish passengers would stop doing, and more than 60 were happy to chime in.

Here are 25 things you may not have even known you were doing wrong:

DON'T MISS: Flight attendants share 22 things they'd love to tell passengers but can't

SEE ALSO: Flight attendants share 11 of their favorite travel hacks

Hogging the overhead bins

"Put the suitcases in the overhead and put your small bags underneath the seat in front so we don't have to run out of space and have to check bags."

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Not saying hello

"I wish passengers would acknowledge the crew when they board."



Poor timing

"Stop trying to hand us trash on the beverage cart or asking us to take your trash while we're handing out food."



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10 things you can do that'll make you more like investment icon Charlie Munger

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ap_936773091510In 2007, Charlie Munger gave the commencement speech at the graduation ceremony for the USC Gould School of Law.

This commencement address is one of his most famous and most popular speeches. You can listen to it below via YouTube or download a nice PDF transcript of the speech right here.

In his speech, Charlie Munger listed 10 ideas that have helped him succeed in life.

Here they are:

SEE ALSO: Fed's Tarullo to resign, creating opening at central bank

To get what you want, deserve what you want

This is such a simple idea. Charlie Munger says this is essentially the golden rule, and there is no ethos that is better for any person to have. You want to deliver to the world what you would buy if you were on the other end.



There is no love that's so right as admiration-based love

According to Charlie Munger, “there is no love that’s so right as admiration-based love.” He says that the love that torments you and causes misery – like the love in “Of Human Bondage” – is a sick kind of love and should be eliminated. It’s all about love based on respect and admiration. And, Munger says, that includes love of what he calls the instructive dead – in other words, the great thinkers and writers of the past who have written works that you can learn from today.



Wisdom acquisitions is a moral duty

Charlie Munger says that becoming wiser is something that is your moral duty, not something that you do just to advance in life.

And as a corollary to that, it means that you’re hooked for lifetime learning. Munger says he constantly sees “people rise in life who are not the smartest, sometimes not even the most diligent, but they are learning machines, they go to bed every night a little wiser than when they got up and boy does that help, particularly when you have a long run ahead of you.”



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The all-new Ford Super Duty pickup is the largest vehicle we've ever tested — here's what we thought (F)

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Ford Super Duty

Ford has gone all in with the redesign of its critically important Super Duty series of large pickup trucks. The Super Duty had been refreshed and updated, but it hadn't been completely rethought in two decades.

Ford makes a lot of money off these ginormous F-Series pickups, so a new Super Duty was a big risk. Customers from this type of truck, optimized for work and for towing, are among the most demanding in the auto industry.

The carmaker had already taken one huge risk with its legendary F-150 full-size pickup, switching to aluminum from steel in production. That worked out well, so Ford moved on to the Super Duty lineup, the F-250 and its larger stablemates.

While I had checked out the new F-150 and been pleased, I had never actually driven a Super Duty. It was a big missing piece of my ongoing professional development.

Plus, who doesn't like a big ole pickup? So when Ford told me I could borrow a 2017 F-250 Super Duty Platinum 4x4 Crew Cab, with a mighty 6.7-liter Powerstroke turbo diesel engine, I said heck yes!

Here's what it was like to have this mountain of a pickup in my driveway for a few days last year:

Our borrowed Super Duty arrived in a "Magnetic" gray paint job.



This pickup tipped the scales at around 6,000 lbs. — three tons!



I think the tree was intimidated. I didn't even think to ask my Prius how it felt. It was acting like it wanted to go hide in the garage.



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