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'Billions' is the hot-button show Wall Street is obsessed with — here's what it's all about

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bobby axelrod, billions

“Billions,” which just started its second season in late February, is back and better than ever.

The Showtime drama series gives viewers a closer look at a hedge-fund manager who's making, well, billions. And it also follows the U.S. district attorney trying to out him for insider trading. Its primary focus is on the corruption of certain Wall Streeters, and the lengths attorneys will go to expose them. The writers take some of the storylines from real life. 

And in season two, they've introduced the first gender-nonconforming charcter on television, plus a timely legal storyline.

Here's everything you need to know about "Billions," the TV show Wall Street is obsessed with:

 

SEE ALSO: Hollywood stars who rejected their Oscars

It’s got a star-studded cast, with Damien Lewis and Paul Giamatti leading.

You probably remmeber Emmy winner Lewis as Brody from "Homeland." Giamatti is also an Emmy winner, and an Oscar nominee. 



Damien Lewis' character, Bobby Axelrod, is loosely based on a real-life Wall Street guy.

He's inspired by hedge-fund manager Steve Cohen of SAC Capital. In 2012, Cohen was involved in an insider-trading scandal.

On the show, Axelrod comes from a blue-collar backgorund, and was one of the few from his company to surive the terrorist attacks on September 11. While Axelrod gives to plenty of charities and has an excellent public persona, he uses insider trading and bribery to benefit the wealth of his firm.



You might also recognize Malin Akerman.

She plays Axelrod's wife. Back in 2009, she was Silk Spectre II in "Watchmen." And before joining "Billions," she starred on ABC's short-lived family comedy "Trophy Wife" opposite Bradley Whitford. She was also on Adult Swim's "Childrens Hospital."



See the rest of the story at Business Insider

The 20 best smartphones in the world

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lg g6 wireless charging

One of the biggest tech conferences of the year, Mobile World Congress, has come and gone, and it brought several new phones to our attention.

That includes new models from LG, Sony, and Motorola, which all come with a bunch of exciting new features.

We haven't reviewed or spent enough quality time with the new phones to give them a definitive place on the list, but they're worth checking out in case you're in the market for a new machine to stream Netflix or lurk on social media.

Here's our list of the best smartphones you can buy.

Note: Prices may vary depending on the retailer.

SEE ALSO: 8 reasons Google's Pixel is better than the iPhone

DON'T MISS: These are the smartphones with the best signal strength

20. BlackBerry Classic

If you were a BlackBerry fan in the company's heyday, you're going to love the BlackBerry Classic. It looks similar to older BlackBerry models but features a sharp touch screen and an excellent physical keyboard.

Price: $340



19. BlackBerry Priv

The BlackBerry Priv is a huge departure for BlackBerry. Instead of running BlackBerry's own operating system, the Priv runs Android. While it may look like a standard Android phone, the Priv has a slide-out keyboard.

This could be a great device for those who want a physical keyboard but still want access to Google's apps and services that aren't available on other BlackBerry devices.

Price: $330

Read the BlackBerry Priv review »



18. Moto G4

The Moto G4 is available in three models, including the $200 G4, the $250 G4 Plus, and the $150 G4 Play.

We reviewed the G4 Plus, which has a 16-megapixel camera, compared with the 13-megapixel shooter on the regular G4, and found that it's the best cheap smartphone you can buy. The G4 Plus also comes with a fingerprint sensor, while the other models don't.

The Moto G5 Plus was announced during Mobile World Congress this month, so you might want to wait until its released if you're considering the G4.

Price: $150 to $250

Check out the three Moto G4 smartphones »

Check out the Moto G4 Plus review »



See the rest of the story at Business Insider

Here's how the US military is sticking it to Beijing in the South China Sea

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us navy guam

China has for years been whittling away at the US military's asymmetrical advantage in conventional military strength with a naval buildup, building and militarizing artificial islands in the South China Sea, and creating systems and weapons custom built to negate the US's technological advantage.

By all indications, China is building aircraft carriers and getting ready to place surface-to-air missiles deep into the South China Sea.

Meanwhile, China's neighbors have grown increasingly worried and timid as it cements a land grab in a shipping lane that sees $5 trillion in annual trade and has billions in resources, like oil, waiting to be exploited. 

Six countries lay claim to parts of the South China Sea, and the US isn't one of them. But the US doesn't need a dog in this fight to stand up for freedom of navigation and international law.

Here's how the US counters China in the region.

SEE ALSO: Trump boosts defense spending by $54 billion: 'We have to start winning wars again'

For the US, checking Beijing in the Pacific often means sailing carrier strike groups through the region — something the Navy has done for decades, whether China protests or not.



As Navy Vice Adm. Joseph Aucoin, commander of 7th Fleet, said recently at a military conference: "We’re going to fly, sail, operate wherever international law allows."



The strike group has plenty of aircraft along with them, like this A F/A-18E Super Hornet and a nuclear-capable B-1B Lancer from Guam.



See the rest of the story at Business Insider

These eerie photos of deserted golf courses reveal a new normal in America

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Apple Ridge Country Club 7495

Once a community staple in suburbs across America, the golf course is now a slowly dying breed.

Over 800 golf courses have shuttered across the US in the past decade, and data from the Sports & Fitness Industry Association has shown that millenials between the ages of 18 to 30 have a lack of interest in playing the game. From Las Vegas, Nevada to Mahwah, New Jersey, many courses are being replaced with housing developments.

We recently explored two closed golf courses in northern New Jersey, both of which are being turned into housing developments, to see firsthand what courses across the country look like as they become abandoned.        

The Apple Ridge Country Club, located in Mahwah, New Jersey, opened in 1966.



Clinton Carlough bought the property, which was originally an apple orchard, and built the country club. It was family-owned and operated by the Carloughs until it was sold in 2014.

Source: NorthJersey.com 



Complete with an event space, 18-hole golf course, swimming pool, and tennis courts, Apple Ridge was a place the whole community could enjoy.



See the rest of the story at Business Insider

Gluten-free diets may contain poisonous agents — here's how to protect yourself

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Gluten free diets have become increasingly popular in America, but unfortunately, it sounds like they may harbor some awfully nasty substances: arsenic, and mercury.

Here’s the story:

This study was done by epidemiologists at the University of Illinois at Chicago.

Maria Argos, assistant professor of epidemiology at the UIC's School of Public Health, and her team looked at data from the National Health and Nutrition Examination Survey. They examined 73 subjects who were eating gluten-free diets and they measured the amount of arsenic in their urine and mercury in their blood. These people were six to 80 years of age.



Here's what the researchers found: Compared to the non-gluten-free controls, those eating gluten-free diets had twice as high levels of arsenic in their urine, and the gluten-free subjects had 70% more mercury in their blood.



The backstory on this is, as I mentioned, is that gluten-free diets are increasingly popular.

bread

About 25% of Americans now admit to being on a gluten-free diet — that’s a 67% increase between 2013 and 2015. Interestingly enough, only 1% of Americans have Celiac disease and actually must pursue a gluten-free diet.



See the rest of the story at Business Insider

Here are 3 easy ways to find and buy AirPods, even when Apple says there are none available (AAPL)

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apple airpods

Apple's truly wireless earbuds, called AirPods, are one of the hottest new gadgets right now.

Despite being available for a few months now — they were supposed to release in October, but got delayed to December — finding AirPods is still incredibly tough. Unless you're extremely lucky, you will not be able to walk into an Apple store and find AirPods.

Even if you ask store employees, like I did, they'll point you towards Apple's website, which says AirPods won't be widely available for at least another month. As of March 3, Apple says AirPods won't ship until April 21.

But here's what Apple doesn't broadcast: Apple stores actually do receive routine shipments of AirPods on a semi-regular basis, albeit in small quantities. And there is a way to ensure you can find, buy, and pick up a pair of AirPods as soon as they become available at a nearby Apple store, which is way faster than waiting for Apple to ship them to your door.

After trying this method myself, I was able to find and buy a pair of AirPods in less than a day. Here's how it works:

SEE ALSO: Apple CEO Tim Cook calls AirPods 'a runaway success,' says 'we're making them as fast as we can'

First of all, here's why these websites work in the first place:

The following websites are not sanctioned by Apple in any way, but they are extremely accurate and work like a charm. Here's why: Apple stores won't advertise when they receive a new shipment of AirPods, but Apple's website does in fact update in real-time, and will reflect when any given store receives AirPods.

There's no way to get notifications from Apple.com when new units are available, but these sites keep track of Apple's available inventory to give you alerts in various ways — some via email, some via browser notifications.



Regardless of which website or service you choose, you'll also need to use Apple's own website to actually reserve your AirPods for pickup. Here's how that works:

Once you get an alert from any of the following sites, quickly go to the AirPods page on Apple.com, click "Buy," but then choose the "Pickup" option on the page, as seen in the image above.

You'll then see a list of nearby stores, based on the ZIP code you chose.

 



Most of the stores will say AirPods won't be available for another month, but once you get an alert from any of these sites, you should see a green button instead of the ship dates, which will allow you to buy the AirPods online and pick them up from an Apple store that same day — in as little as one hour.



See the rest of the story at Business Insider

5 Trump cabinet members who’ve made false statements to Congress

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Jeff Sessions

As most of the world knows by now, Attorney General Jeff Sessions did not tell the truth when he was asked during his confirmation hearings about contacts with Russian officials.

But Sessions isn’t the only one. At least four other cabinet members made statements during their nomination hearings that are contradicted by actual facts: EPA Chief Scott Pruitt, Education Secretary Betsy DeVos, Treasury Secretary Steve Mnuchin, and Health and Human Services Secretary Tom Price.

The statements were all made under oath, except those of DeVos. It is a crime to “knowingly” lie in testimony to Congress, but it’s rarely prosecuted.

SEE ALSO: Stephen Colbert hits Jeff Sessions for Russia revelation: 'You've already f---ed yourself'

DON'T MISS: MEET THE NEW EXECUTIVE BRANCH: Here's who Trump has appointed to senior leadership positions

EPA Chief Scott Pruitt

The falsehood: Pruitt stated in testimony that he had never used a private email account to conduct business while he was Oklahoma’s attorney general.

The truth: Fox News 25 asked the state Attorney General’s office whether Pruitt had used a personal email. The answer was yes.

The Associated Press also received emails in response to a public records request showing Pruitt using a private account to conduct state business.

Pruitt’s response: None.



Education Secretary Betsy DeVos

The falsehood: DeVos said during her confirmation hearings that she has not been involved in her family’s foundation, which has given millions of dollars to group that oppose LGBT rights.

“You sit on the board,” Sen. Maggie Hassan, D-N.H., noted. DeVos responded, “I do not.”

The truth: As The Intercept has detailed, tax filings have listed DeVos as vice president of the foundation’s board for 17 years.

DeVos’ response: She said the foundation’s nearly two decades of filings were the result of a “clerical error.”



Treasury Secretary Steve Mnuchin

The falsehood: In written testimony, Mnuchin denied that his former bank had used so-called “robo-signing” to improperly foreclose on homeowners. “OneWest Bank did not ‘robo-sign’ documents,” Mnuchin wrote.

The truth: As the Columbus Dispatch detailed, OneWest Bank employees frequently signed documents in bulk without proper review, which is what robo-signing is. One employee testified that she typically signed about 750 foreclosure documents per week. The Dispatch noted that a judge stopped three OneWest Bank foreclosures “specifically based on inaccurate robo-signings.” Reuters also detailed the bank’s robo-signing back in 2011.

Mnuchin’s response: A spokesman offered the following statement after the Dispatch’s story: “The media is picking on a hard-working bank employee whose reputation has been maligned but whose work has been upheld by numerous courts all around the country in the face of scurrilous and false allegations.”



See the rest of the story at Business Insider

27 photos show the extreme lengths millennials will go to live in cities instead of suburbs

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sarah salinity sailboat 1635

Millennials continue to move to cities in droves, as jobs and services tailored to their needs move in right beside them. The generation that prefers Uber to their own cars and Airbnb to hotels is also willing to trade the American dream of owning a home for the thrills of city life.

In New York City, where the median cost to rent an apartment tops $4,350 per month, millennials — who can roughly be defined as people between ages 20 and 36 — make up nearly one-fifth of the population. Across the country in San Francisco, recent graduates can expect to drop as much as 79% of their monthly salary on a place to live.

But urban dwellers are finding ways to make it work.

Take a look at some of the more unusual living situations that young city residents call home.

Like many young people living in the Bay Area, Sarah Patterson found her first city dwelling on Craigslist. Instead of a tiny apartment, however, her new home was located in a marina.



Patterson, 24, bought a sailboat online four days after moving. She declined to name the cost, but most Bay Area boat owners pay between $250 and $1,111 monthly to dock.

Additional fees apply if the person wants to live aboard their vessel. Patterson told Business Insider in December that the cost of sailboat upkeep can also be prohibitive.



Patterson said the money she saved by not renting an apartment in San Francisco enabled her to launch a startup — a direct-to-consumer, organic skincare company called Salinity.

Read more about Patterson's life at sea »



See the rest of the story at Business Insider

Humans have so fundamentally altered Earth that we're responsible for 4% of its minerals

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man sunset reflection river water lake nature mountains sky

If you've ever hiked in the woods or picnicked in a park, you've probably heard of the concept "leave no trace." The 90s-era conservation ethics code encourages people to clean up after themselves after a stint in nature, being careful to leave no trace of their activity.

It's nice idea for personal practice, but our record as a species will not be so easily expunged from planet Earth.

Human beings have so fundamentally altered the geology of the planet, in fact, that scientists named a brand-new geologic epoch after us: the Anthropocene.

Many scientists say the Anthropocene started on July 16, 1945, when humans detonated the first atomic bomb and left a powerful chemical marker in the geological record that's detectable with radioactive isotopes. Other experts say the exact beginning may be a bit fuzzier.

Regardless of the precise date, one thing is certain: Our footprint on the planet — based at least partially on the materials we've created, moved around, or just left behind — will be visible for millions, or even billions, of years.

A new paper catalogs hundreds of these new materials for the first time, and estimates that humans are responsible for roughly 4% of all the minerals on Earth. Some formed along the slippery walls of mines, where cool, moist air reacted with sooty particles of iron ore; others were created in the depths of the ocean as ancient shipwrecks were eroded by the salty sea.

"These minerals will mark our age as different from all that came before,"Edward Grew, a professor of earth and climate sciences at the University of Maine and a leading author on the new study, told Business Insider.

NASA images of Earth

Put another way, humans are responsible for creating the most new minerals on Earth since oxygen first appeared in the atmosphere more than 2.2 billion years ago. Although now considered an essential component of life, oxygen's first appearance drastically altered the planet's make-up, giving rise to as many as two-thirds of the more than 5,200 minerals that are officially recognized today.

"If The Great Oxidation ... was a 'punctuation event' in Earth's history, the rapid and extensive geological impact of the Anthropocene is an exclamation mark,"Robert Hazen, a mineralogist and astrobiologist at the Carnegie Institution for Science's Geophysical Laboratory, told Business Insider.

So where do these minerals come from and what do they look like?

SEE ALSO: The US will be totally unrecognizable by the end of this century

The new study catalogs 208 new minerals that were created either principally or exclusively as a result of human activities. The vast majority are the result of one activity: mining.



The dumping of ore, the build-up of water along mine tunnel walls, and fires inside mines can all contribute to this process. "When one looks at a mine, it’s really a disturbance of the Earth’s surface," said Grew.



The glowing, sea-colored mineral simonkolleite shown below was found on an copper mining tool at the Rowley Mine in Maricopa County, Arizona. "You’re just stirring a pot in a way, exposing ores to a different environment and getting these new minerals to form," Grew added.



See the rest of the story at Business Insider

A woman who has reviewed over 40,000 résumés outlines the 8 most annoying mistakes she sees

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job fair career resume recruit job application candidate

Since launching Résumé Writers' Ink in 2010, Tina Nicolai estimates that she's read over 40,000 résumés.

That's a lot of CVs. Over the years, Nicolai says that certain annoying mistakes tend to come up quite a lot.

Some of these errors might not seem like a huge deal. In a competitive job market, though, they might be the difference from snagging your dream job and having your CV thrown in the garbage.

Here are Nicolai's picks for the most annoying mistakes you can make on a résumé:

SEE ALSO: 17 annoying things job candidates do that make hiring managers not like them

1. Sloppiness

"The biggest mistake job seekers make: They are sloppy. They pay poor attention to detail. They are lazy!"

Nicolai says that she has seen too many résumés with typos, unprofessional fonts, outdated information, and irrelevant information.



2. Summaries that are too long

Summaries are annoying when they are written in a formal tone and include too many adjectives, she says.

"After a while, the summaries can read like a lengthy chapter in a book. It's better to list a few bullets with pointed achievements and a branded tag line stating, 'known for achieving XYZ.'"



3. Too many buzzwords

Résumé jargon such as "out-of-the-box,""team player," and "exceptional communicator" are "baseline expectations in today's market," Nicolai says. "A person who truly is a 'unique problem solver who works well in teams' will convey this succinctly and creatively on their résumé through a combination of few words and imagery."



See the rest of the story at Business Insider

The 18 richest people in America

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Mark Zuckerberg

One-third of the 500 billionaires on the recently relaunched Bloomberg Billionaires Index— including the top three — hail from the US.

The 18 richest — culled from the global top 30— are worth an astounding $793 billion — more than the annual GDP of the Netherlands, Turkey, or Switzerland.

The two richest people in America are no surprise: Bill Gates and Warren Buffett maintain their lead at the top despite being the two most generous people on earth. But US tech moguls continue to creep toward the very top. Heavyweights like Jeff Bezos of Amazon and Mark Zuckerberg of Facebook add billions to their net worths each year as their powerful companies continue to grow in value and influence.

Not everyone is an entrepreneur though. Inherited wealth has kept a hefty portion of the country's cash in the hands of a few families, as the Koch brothers, the Waltons of Walmart, and the heirs to the Mars candy conglomerate each rank among the wealthiest.

Read on to learn more about the richest people in America.

Note that Bloomberg does not report the net worth of its founder and owner Michael Bloomberg, who does not appear on this ranking, though other sources peg his fortune at roughly $45 billion.

SEE ALSO: The 30 richest people on earth

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

18. Phil Knight

Net worth:$25 billion

Age: 78

Country: US

Industry: Retail

Source of wealth: Self-made; Nike

After a stint in the US Army, and with a Stanford MBA under his belt, Phil Knight convinced Tiger-brand shoemaker Onitsuka in the early 1960s to allow him to distribute Tiger shoes under the name Blue Ribbon Sports — the name Knight picked that predated his swoosh-logo-clad company Nike. Knight worked full-time as an accountant as he launched his new brand, and by 1968 he had built up enough of a rapport with customers that he was able to leave the CPA life behind. Knight now serves as chairman emeritus of Nike.

Nike has built its success on celebrity and athlete endorsement deals, starting with running prodigy Steve Prefontaine in 1973 and continuing with one of the most successful shoe marketers of all time in Michael Jordan, whom Nike signed to a five-year endorsement deal in 1984 worth roughly $500,000 per year. The biggest NBA star today is still under the Nike roof, with LeBron James signing a lifetime contract with the brand in 2015 reportedly in excess of $1 billion.

Knight's wealth has decreased by $1 billion over the last year.



17. George Soros

Net worth: $25.2 billion

Age: 86

Country: US

Industry: Hedge funds

Source of wealth: Self-made; Soros Fund Management

Born in Budapest, George Soroslived through the Nazi occupation of Hungary during WWII before fleeing to the UK and later settling in the US. Touted as "the man who broke the bank of England," he's best known for the Quantum Fund, a hedge fund he launched in 1973 under his Soros Fund Management company. In 1992 he shorted the British pound, a risky move that ended up earning the fund $1 billion in a single day and solidifying Soros' place in the finance world. Quantum Fund also generated annual returns over 30% under Soros' leadership, making it one of the most successful hedge funds of all time.

Today, Soros remains chairman of Soros Fund Management, which manages more than $25 billion in assets, including stakes in prominent companies like Amazon, Facebook, and Netflix. He's also chairman of Open Society, an organization he founded in 1979 that operates as a network of foundations and partners across the globe that promote the values of open society and human rights.

Soros' wealth decreased by $800 million over the last year.



16. Steve Ballmer

Net worth:$27 billion

Age: 60

Country: US

Industry: Tech

Source of wealth: Self-made; Microsoft

Steve Ballmer dropped out of business school at Stanford in 1980 to join Harvard friend Bill Gates at Microsoft as the company's first business manager, earning a $50,000 salary and a stake in the company. During his tenure, Ballmer held positions as vice president of marketing, vice president of systems software, and executive vice president of sales and support, and was often referred to as "the numbers guy."

He became CEO of the company in 2000 after Gates stepped down, and he remained in charge of the software giant until Satya Nadella replaced him in 2014. While running Microsoft, the company's revenue grew by 294% and profits by 181% — although its market share was surpassed by Google and Apple during the same period. Still, the early stake Ballmer acquired in the company made him immensely wealthy. 

After stepping down as CEO, Ballmer fulfilled his dream of owning an NBA franchise, paying $2 billion in a deal to buy the Los Angeles Clippers, now his main venture. 

Ballmer's net worth has increased $4.8 billion in the last year.



See the rest of the story at Business Insider

Trump said he wants to replace Obamacare with something 'better' — here's what he could learn from the British

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erin cake london

In his first major address to Congress, Trump urged Congress to repeal the Affordable Care Act and replace it with something simpler, less expensive, and more efficient.

I recently moved from New York City, where I'd used Obamacare, to London, where I enrolled in the National Health Service, Britain's public health care system.

The transition has taught me a great deal about the differences between the two systems, and has highlighted some areas for improvement that American leaders could focus on back home.

SEE ALSO: I've been on antidepressants for a decade — here's what everyone gets wrong about them

I arrived and started working in Britain in September 2016. Before moving, I'd gotten private insurance in New York through my employer. Prior to that, I'd used the government insurance program Medicaid.



Once I got settled in London, I needed to sort out my health care, so I started my search as any newbie would — with Google. I typed in "find a doctor in the UK" and there, under two sponsored ads, was a link to The National Health Service (NHS), Britain's public system of "socialized medicine."



On the NHS website, I was asked to enter my post code (the equivalent of a zip code in the US).

Source: NHS



See the rest of the story at Business Insider

20 tips and tricks for conquering the fantastic and surprisingly challenging new 'Zelda' game

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"Legend of Zelda: Breath of the Wild" is a rare treat that comes along every decade or so — a game that moves the entire medium forward.

The Legend of Zelda: Breath of the Wild

It's receiving near-universal praise from critics — reviews aggregation site Metacritic lists the game with a 98/100average score, based on 67 reviews. It's being hailed as a "new classic," and rightfully so: It's a tremendously good game

The Legend of Zelda: Breath of the Wild

Beyond just being really good, "Breath of the Wild" is a truly difficult game. It's also wide open — you can go virtually anywhere in the massive open-world of Hyrule. And that combination of difficulty and openness means that you're likely to want some guidance as you venture into the wild. 

We've got just that guidance below, based on my own experience and that of many other reviewers across the world. Let's begin.

SEE ALSO: The first major game on Nintendo's new console is one of the best games I've played in years

REVIEW: Nintendo's new game console is a fast, competent piece of hardware without enough software

WARNING: THERE ARE MINOR SPOILERS BELOW FOR "THE LEGEND OF ZELDA: BREATH OF THE WILD!" IF YOU DON'T WANT ANYTHING SPOILED, TURN BACK NOW!



You've set up your Switch — or maybe you just bought this game for the Wii U. Now what?



There's a lot to see in Hyrule, and you're more or less unequipped to go anywhere. You've got no weapons, no shields, no armor, and no food to help you survive. Figuring that stuff out on your own is the easy part. It's the little stuff that you'll need help with.



See the rest of the story at Business Insider

Refugees must repay the US government for their flights — 7 surprising facts about resettlement

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Donald Trump executive order Keystone XL pipeline

President Trump could sign a new executive order as soon as Monday that restricts travel from certain majority-Muslim nations.

The new version, postponed several times, would replace the previous ban, which courts blocked.

The new order is expected to remove Iraq from the list of countries whose citizens would be temporarily barred from entering the US. It also includes some changes to its process of accepting refugees, officials told the Associated Press.

Whereas the original order indefinitely suspended Syrian refugees from entering the US, the new one will bar them for the same 120-day period, as all other groups.

Refugees have long been viewed warily by some Americans who fear they could pose a national-security threat, despite the fact that they undergo a rigorous, years-long screening and resettlement process, and there's no data supporting the concerns.

Here are some things you may not know about the refugees whom the US accepts:

SEE ALSO: 'I don't know how much harder it can get': What it takes to go from refugee to American

Refugees must repay the government for the cost to come to the US.

When the government pays for flights bringing refugees to the US, it's actually a loan that the refugees must repay.

The State Department’s Bureau of Population, Refugees, and Migration supplies the funds to the International Organization for Migration, and refugees have to start paying their interest-free loan back as soon as they start working. Usually, refugees begin paying that back within the first six months of arriving in the US.

That repaid money is used to assist future refugees traveling to the US.



Refugees can cost a lot for the government to resettle, but refugees positively affect economies.

There's no doubt that the US pays a large upfront cost when it accepts refugees. Data from the National Conference of State Legislatures shows that in the 2015 fiscal year, the US had a budget of $612 million to resettle about 70,000 refugees (this excludes $948 million that was set aside for unaccompanied minors who crossed the US-Mexico border).

Some of that funding goes toward people who aren't refugees, such as trafficking victims, according to The Washington Post, but the money is mainly allotted to provide refugees social services such as language and vocational training, cash allowances, as well as medical and preventive healthcare.

At the same time, multiple studies of countries across the world have found that accepting refugees can positively affect economies, or at least balance the cost of accepting them.

For instance, a 2013 study found that the 4,518 refugees who were resettled in Cleveland between 2000 and 2012, started 38 businesses. This yielded a total impact of 175 jobs and $12 million in spending in Cleveland in 2012.

"There's not any credible research that I know of that in the medium and long term that refugees are anything but a hugely profitable investment," Michael Clemens of the Center for Global Development told The Post.



Refugees have to prove they're refugees.

According to international law, the official definition of a refugee is someone with a "well-founded fear of being persecuted for reasons of race, religion, nationality, membership of a particular social group or political opinion, is outside the country of his nationality and is unable or, owing to such fear, is unwilling to avail himself of the protection of that country; or who, not having a nationality and being outside the country of his former habitual residence as a result of such events, is unable or, owing to such fear, is unwilling to return to it."

The term was laid out by the 1951 Refugee Convention. Refugees must meet some of the criteria above. It's not enough just to be poor, for instance.



See the rest of the story at Business Insider

Inside the homes of Hollywood legends Bette Davis and Joan Crawford with FX's new show 'Feud'

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feud susan sarandon jessica lange fx

Ryan Murphy, the producer behind Emmy-winning series "American Horror Story" and "American Crime Story: The People v. O.J. Simpson," has a new television series, "Feud: Bette and Joan," which premieres Sunday at 10 p.m. on FX.

The eight-episode series gets into the juicy details of the notorious rivalry between Bette Davis and Joan Crawford (played by Susan Sarandon and Jessica Lange, respectively) while shooting the 1962 hit horror film, "What Ever Happened to Baby Jane?"

And in doing so, the producers went to great lengths to make sure that the sets were as close to reality as possible.

Heading that huge task was production designer Judy Becker. A Hollywood veteran, Becker's most recent credits include critically acclaimed films "Joy" and "Carol."

"It's an interesting period to design for sure," Becker told reporters of her decision to take on the job during a recent visit to the "Feud" set in Los Angeles.

"It's always fun," she continued, "because we're doing different worlds and different characters. So this is like a Hollywood world and kind of over-the-top characters, and I haven't done that to this degree before. So, it was pretty appealing."

Becker uses all the tools and tricks available to her in order to re-create 1960s Hollywood, from online searches to hiring researchers, perusing prop houses, examining footage, visiting the actual sites, and tapping private collectors.

Here's an inside look at two Hollywood legends' lives from the set of "Feud: Bette and Joan":

SEE ALSO: FX is already renewing Ryan Murphy's new show 'Feud' for a second season about Charles and Diana

DON'T MISS: Watch the first trailer for FX's new show about one of Hollywood's most notorious feuds

Joan Crawford had very expensive, modern (for that time) Hollywood tastes.

"Joan lived in this very grand way, which was very fashionable in terms of design," Becker said of Crawford's home, which took two months to re-create. "She was really keeping up with the times."

"She was fashionable, Hollywood fashionable," she added.



Joan Crawford hired famed interior decorator William Haines to outfit her Brentwood-area, Los Angeles home in Hollywood splendor.

"Joan was very good friends with a well-known decorator of the time, William Haines, who started out as an actor and then became a pretty famous interior designer," Becker said.



Williams Haines' furniture would be "a fortune now" if you could find them.

Becker said that William Haines"designed all the furniture that's in the living room, the kind of tufted furniture. We made those for the show, but they're based on his designs, which cost a fortune now if you can find them."



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The highest-paid player on every NBA team

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Despite a salary cap and maximum salaries, there is still a big disparity in the NBA in terms of how much teams pay their top players.

But unlike the NFL, where top salaries fluctuate each year because of signing and roster bonuses, NBA contracts are fairly straightforward with just a base salary. The result is that NBA teams have more year-to-year consistency in which players are receiving the most money.

Here are the 30 players who will make the most money on their teams this year, ranked by their 2016-17 salaries, using data obtained from Spotrac and ESPN.

30. Jerryd Bayless, Philadelphia 76ers — $9.4 million

Position: Point guard

Contract: 3 years, $27.0 million

One thing to know: Following the divorce from Sam Hinkie, the 76ers decided to spend a little bit of money and bring in a veteran point guard. They turned to Bayless, the former Bucks backup, and now he is the top-paid player on a team in which most of the players are still playing on their rookie contracts.



29. Rudy Gay, Sacramento Kings — $13.3 million

Position: Small forward

Contract: 3 years, $40 million (Gay can opt out of the contract following the 2016-17 season)

One thing to know: Gay inherited the title of Kings highest-paid player when DeMarcus Cousins was traded to the Pelicans. But the title will be short-lived as he has already informed the Kings that he will opt out of his contract this summer.



28. Ricky Rubio, Minnesota Timberwolves — $13.4 million

Position: Point guard

Contract: 4 years, $55.0 million

One thing to know: Despite on-going rumors of a potential trade to the Knicks prior to the trade deadline, Rubio remains with the Timberwolves for now. He still has two years left on his contract in which he will make $14.1 million and $14.8 million.



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Professors at America's elite colleges pick one book every student should read in 2017

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College professors dole out an incredible amount of required reading to their students.

But what if they could only choose one book?

When asked, professors at America's most prestigious colleges — those in the top 10, according to US News & World Report — shared with Business Insider the single book they think every student should read in 2017.

The topics of the books spanned issues from politics to social science to Shakespearean literature.

Read on to see what professors from schools like Princeton, Harvard, and Yale think you should read this year.

SEE ALSO: 11 legendary leaders share the best books they read in 2016

Jill Abramson, Harvard: 'The Paranoid Style in American Politics,' by Richard Hofstadter

Abramson, a former executive editor of The New York Times and current Harvard English lecturer, recommends students read Richard Hofstadter's "The Paranoid Style in American Politics," first published in 1964.

Abramson says the book is "everything you need to know about the root of Donald Trump's rhetoric and fake news."

FIND IT HERE »



James Berger, Yale: 'Orfeo,' by Richard Powers

James Berger is a senior Lecturer in English and American Studies at Yale University. He recommends the 2014 novel "Orfeo," by Richard Powers.

He implores students to read the book, explaining that:

"It is a story of music and genetics in our contemporary age of terror and surveillance. An idiosyncratic retelling of the Orpheus myth, an elderly avant garde composer who feels he has tried and exhausted every possible musical experiment, returns to his first love, biology, and seeks to inscribe a musical score onto the mutating DNA of bacteria. Yup.

"But his efforts are mistaken to be acts of bioterrorism, and so he flees into the 'underworld' of contemporary America, returning also to the various Euridices of his past. Amazing book —and you'll learn a hell of a lot about music, science, politics ... and even about Life!"

FIND IT HERE »



Eric Maskin, Harvard, and Maurice Schweitzer, UPenn: 'The Undoing Project,' by Michael Lewis

Eric Maskin is a Harvard professor and received the 2007 Nobel Memorial Prize in Economics. Maurice Schweitzer is a professor of operations, information, and decisions at the Wharton School at the University of Pennsylvania. 

Both chose Michael Lewis' "The Undoing Project."

FIND IT HERE »

Read Business Insider's December interview with Lewis, in which he discusses the book, the American presidential election, and how Wall Street has changed in recent years.



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The Ford Focus RS is almost ridiculously fun to drive (F)

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Ah, the "hot hatch."

It has a history that dates to the early 1970s, according to "Top Gear." But for most auto enthusiasts, the original smoldering hatchback was the VW GTI. It showed up in the US during the Reagan administration and knocked everybody's Chuck Taylors off, with a whopping 90 horsepower. 

The era of the hot hatch had begun. Dozens of these peppy little savages, in many cases raced in competition as rally cars, hit the scene.

Ford, with its European presence, was quick to join the crowd and by the 1990s, the automaker had created one of the best-known examples, a Group A rally racer that was homologated as the Escort RS Cosworth. It could do 0-60 mph in about 6 seconds, with its 2.0-liter turbo engine, and it topped out at 150 mph.

The spiritual descendant of that car is the all-new Focus RS, the return of a rallying hot-hatch design that was first used in the early 2000s. The Focus RS is a product of the newly created Ford Performance division, so it can get into a bit of rallycross racing. But it has also become a sold-out road car for the 2017 model year — and it's easily among the best-received vehicles Ford has produced in the past ten years.

I got a crack at it at the Monticello Motor Club's track in upstate New York — after being blasted around the curves by Ben Collins, a former Stig of "Top Gear" fame. I fell deeply and swiftly in love.

But that was taking the $36,000 bundle o' fun around the track. How would the Focus RS do on the road, during a week of driving it in New York City and in the New Jersey suburbs?

Let's find out: 

SEE ALSO: Ford has figured out an important difference between baby boomers and Gen Xers

The Focus RS and I first got acquainted at the Monticello Motor Club's track



That's Ben Collins, who was once The Stig on "Top Gear." He ripped around the course like a real pro.



Then I turned some laps. I was wrung out with joy at the end of the day.



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The 17 most powerful photos taken by Reuters' photojournalist of the year

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Every year, Reuters recognises the work of one photographer, crowning them Photojournalist of the Year.

2016's title went to Sarajevo-born Damir Sagolj, who spent the year documenting some of the world's most important stories. 

From the drug war in the Philippines to the Rio Olympics and the protests and excitement in response to North Korea's first congress in 36 years, Sagolj's images capture moments of joy, terror, and heartbreak from around the globe.

"Photojournalism is there to trigger interest, to make people learn more," the photographer told Reuters. "And in the long term, to be a visual reminder of how great, brutal, happy, sad and unfair the world once was."

Scroll down to see 17 of the most powerful and moving photos captured by Sagolj in 2016.

Armed security forces take a part in a drug raid in Manila, Philippines, in October.



Kasandra Kate, 12, cries over the open coffin of her father Verigilio Mirano during his funeral at Navotas Public Cemetery in Manila, Philippines in October. He was killed by masked gunmen at his home in September.



Inmates sleep in the open at Quezon City Jail in Manila, Philippines in November.



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The 25 best and worst looks at the iHeartRadio music awards

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The iHeartRadioMusic Awards took place Sunday night at The Forum in Inglewood, California.

From Miley Cyrus to Jason Derulo, keep reading to see the best and worst looks singers and TV stars wore to the show.

BEST: Fresh off her breakup with Orlando Bloom, Katy Perry showed off her new, shorter 'do in a strapless off-white pantsuit by August Getty Atelier with gold accents.

Source: ET



WORST: Later in the evening, Perry changed into a red fringe dress coat that clashed with pink pants and red shoes to perform.



BEST: Karrueche Tran put her own spin on the classic pantsuit by pairing an unbuttoned hot red blazer with a lace bra underneath.



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