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If You Can Solve These Math Problems, You Are As Smart As The World's Smartest Teenagers

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Phoebe Cai 15, USA

Earlier, we told you about the 10 smartest kids in the world.

They are ranked by a site called Brilliant.org, which asks users progressively harder math and science problems.

Think you might be as smart as one of these tweens or teens?

Prove it by solving some of the math problems they've solved.

Here's a problem 15-year-old Phoebe Cai solved about dominoes



Dylan Toh, 12, solved this ridiculously hard geometry problem.



Tadewos Abiye Getachew, 17, nailed this tricky algebra question.



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ROSENBERG: The Fed Is Trying Like Crazy, But Nothing It's Doing Can Save The Economy

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rosenberg presentation

David Rosenberg, the veteran Wall Street economist and and bearish strategist at Gluskin Sheff, gave an intense presentation on Friday at John Mauldin's Strategic Investment Conference.

Titled "Bernanke: The Wizard Of Potemkin," this presentation offers a sobering look at the anemic U.S. economy, the labor market mess, and the Federal Reserve's controversial efforts to get everything back on track.

Before you can even think about getting bullish, you must consider the eye-opening charts from Rosenberg's presentation.

Thanks to Gluskin Sheff for giving us permission to feature this presentation.

Potemkin villages were fake and built to make people think things weren't as bad as they really were.



Meet the wizard of today's Potemkin village.



The stock market is nowhere near its highs when you consider it relative to the Fed's stimulus efforts.



See the rest of the story at Business Insider

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5 Bands That Are Totally Underappreciated Right Now

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The Neighbourhood_2013_Justin Bettman

With new artists and bands emerging from all corners of the world, it’s tough to keep track of all the names, faces, and sounds out there.

We at FILTER Magazine have done all the hard work for you to curate a weekly guide of which bands are worthy of your ears.

From our motto, “good music will prevail,” to our free Good Music Guide, it’s safe to say that we know a little something about music.

Trust us; you’ll be dancing and singing along to these artists in no time!

Even after two weekends of never-ending music at the Coachella Music Festival, we still can’t get enough of some of the acts that we saw.

This first installation features bands that put on a rockin’ show in the desert sun of Indio, CA.

Palma Violets

Among all the electronic sounds of today, Palma Violets provides some relief with their pure garage rock n’ roll.

The guitars are loud and vocals gritty, just as they should be in a rock performance.

We aren’t the only ones who have taken notice of Palma Violets; they’ve won multiple awards in their native country England.

Check out their track “Best of Friends” to hear what all the hype is about – you won’t be disappointed!



Yeah Yeah Yeahs

This New York born and bred trio recently released their fourth album, Mosquito, to wide critical acclaim.

With a screeching wail, flamboyant costumes and a stage persona to match, frontwoman Karen O. is easily recognizable singing in a track and jumping around on stage.

The raw energy the band brought to Coachella simply placed them among the best acts of both weekends.

For a taste of the Yeah Yeah Yeahs, we suggest you listen to their single “Sacrilege” and enjoy the gospel choir in the background.



The Neighbourhood

The Neighbourhood has just passed a very important milestone in the career of a band: they just released their debut album, I Love You.

The Los Angeles quintet’s first release is full of modern-sounding rock; it fuses hallmarks of alternative rock with dashes of R&B and hip hop to create a uniquely brooding sound.

They played an impressive set at Coachella and if that’s any indication of things to come, the future looks very bright for The Neighbourhood.

To get a feel for their sound, listen to their track “Sweater Weather”!



See the rest of the story at Business Insider

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CASHING IN ON NATURAL GAS: How The Shale Boom Has Transformed One Rural Pennsylvania County

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Adam Diaz is young, handsome and, most recently, rich.

The 35-year-old Susquehanna County, Penn. native was scraping by supplying construction contractors with cut bluestone when the gas industry arrived to his sleepy corner of Pennsylvania in 2009.

"[Houston-based] Cabot [Oil & Gas Co.] approached me, they came to me and said, 'You guys have a great work ethic, and we want to use local people' " to supply equipment and manpower.

Cabot took Diaz's outfit under its wing, training them in the rhythms of gas drilling: what pads need at given times, how to handle the trade's complex tools.

Four years later, Diaz now owns seven different companies, including a home furnishings manufacturer and a timber harvester — that bring in $50 million a year and employs 250 people. 

"If I didn't have money to buy the other companies [their employees] would be out of work, no question," he told us by phone recently. "It wasn't terrible before the gas industry, but wasn't anywhere as good as it is today."

adam diaz There is probably no other northeast Pennsylvania native who's capitalized as thoroughly on the area's gas rush as Diaz. (Indeed, he was also the lede in the New York Times' coverage of the area's gas drilling boom, and he's been trotted out elsewhere by the industry as an example of how has boosted local commerce. Cabot recommended we speak to him).

But he is not alone in having seen his fortunes changed in just a few years.

While the country was heading over a recessionary cliff in late 2008, northeast Pennsylvania began to see the trickle of what would become millions of dollars pouring in from drillers looking for gas.

We recently traveled to Susquehanna County and its seat, the town of Montrose, to see how life had changed since the dawn of the gas boom.

What we found were lots of people grateful for the infusion of commerce injected into a local economy that had stagnated.

Fracking Montrose, PA, Barn

At the same time,the boom has altered the lifestyle of a population used to a quiet, rural existence. Heavy trucks now rumble over the area's rolling hills, and some residents have seen their water impaired by the controversial drilling practice known as fracking (the gas industry denies they're at fault).

The rush was ignited five years ago by Terry Engelder, a University of Pennsylvania geologist who estimated that the Marcellus Shale, a rock formation spanning seven different states, contained enormous volumes of natural gas.

Naturally, the gas industry took notice, drilled some test wells, and proved him right.

Cabot bet big on Susquehanna County, which sits on top of one of the richer parts of the play.

It's paid off. Since 2009, the company's share price has increased 320%. The company now boasts 15 of the top 20 wells in the county and owns more than 200,000 acres there. The word "Marcellus" appears 43 times in the company's 30-page annual report.

Fracking Montrose, PA

The county has seen a similar surge in wealth. By one count, county residents have taken in a total of $300 million in gas royalties.

"There are new facades on buildings, new streets being poured, a lot of people working," Diaz says. "People are upgrading their homes, there's all kinds of stuff going on."

Bill Kelley, owns a equipment-rental business in Montrose. Cabot also recommended him as an area businessman whose sales have boomed in the past few years. He revenues have been going up by 40% each year.

"And that's just our little business here," he told us. "If you look at other businesses around the area, they’ve also grown with this — if you look at the grocery stores, the restaurants, the Inn at Montrose, overall I think it's had a very positive influence on this little community of ours."

Fracking Montrose, PA,

Indeed, nearly every local we spoke with who works in the service industry told us receipts had ramped up. Jay Agkinson, a lifelong county resident who runs Montrose's Shell station, said morning fill-ups can sometimes resemble truck meets.

"A lot of people who never had money have money now," he said.

Just up the road from Cabot's regional headquarters on Route 29 are retirees Jim and Annie Grimsley. They say they've been able to furnish their kitchen with royalties drawn from the gas well sitting in their backyard.

But the Grimsleys are representative of others in the area who say the industry's presence has yielded a mixture of good and bad.

"Annie used to stand in the middle of 29 to take pictures," Jim said. "She won't cross the road to get the mail anymore — the mailbox is on the other side of the road. The traffic has really increased."

Even Diaz admits the truck traffic is bad, though he believes it was actually much worse at the outset of the boom. According to the New York Times, Cabot has spent $12 million last year on road repairs here. 

Due south of Montrose on Route 29 is the town of Dimock. It's become a focal point for the fracking debate after more than 30 families sued Cabot in 2009, accusing the company of contaminating their water. Most have since settled.

Kathy Prusack, who also lives in Dimock and has a well on her property, said her family's water is fine. She gets enough royalties to pay for gas money, and she says her son drives trucks for a Cabot contractor. 

kathy prusackBut Prusack says she is ambivalent about both. She put her first royalty checks to the side because she didn't believe she'd done anything to earn them.

"What you’ll mostly hear about is how wonderful the gas company has been to this area. But [the families who sued Cabot] have had real problems with their water."

It's possible both are true.

Cabot has aggressively courted favor with the area. Its signature investment was helping complete a brand new hospital for the area's Endless Mountain Health care System. They donated $2.2 million directly and convinced the rest of the community to throw in an additional $2.2 million. They've also pledged $25,000 each of the last three years — and will do so again this year — to create scholarships at the Susquehanna County Career and Technology Center. According to the New York Times, they've also donated $50,000 to the local Red Cross.

Cabot execs now serve on the boards of local organizations, and the company sponsors area events like the Fourth of July fireworks and a book mobile.

cabot endless mountain hospital

Peter Quigg, president of Endless Mountain's Community Foundation, says he's grateful for Cabot's presence.

"Cabot has not had to do any of the things that they've been involved with. They could have been here and just gone about their business, helped their stockholders, and that would be that. In my opinion they've gone above and beyond  iin their corporate citizenship."

When we talk about how the gas industry has impacted the local community, we're not talking about a whole lot of people. There are about 1,600 residents in Montrose proper, and just 42,696 in the whole county, which covers more than 830 square miles and putting it among the top-10 least-dense counties in the state.

Right now, New York is debating whether to ends its fracking moratorium.The demographics of southern New York are pretty similar to Susquehanna County (Montrose is about a 20-minute drive from the New York border).

So if Albany wants to look into what to expect in a possible gas rush future, the story of Susquehanna County seem like a good place to start.

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These 17 Agencies Make Up The Most Sophisticated Spy Network In The World

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Zero Dark ThirtyThe U.S. intelligence community is vast, composed of 17 distinct organizations each operating under its own shroud of secrecy.

Oversight of these agencies generally falls to the Department of Defense or Congress, leaving the average citizen with precious little knowledge of how they operate.

Funded by largely classified budgets, it's difficult to assess how much the U.S. annually spends on these clandestine operations, but one 2012 estimate pegs the cost at about $75 billion.

The following slides highlight the expansive reach of the U.S. intelligence community.

The Central Intelligence Agency spies on foreign governments and organizes covert ops.

The CIA is the most well-known U.S. spying agency, formed with the passage of the National Security Act of 1947. The agency has its roots with the Office of Strategic Services (OSS) that operated during World War II.

Headquarters: Langley, Va.

Mission: CIA collects, analyzes, and disseminates intelligence gathered on foreign nations. This comes through signals and human intelligence sources.

Budget: Classified. On their website, the CIA states, "neither the number of employees nor the size of the Agency's budget can, at present, be publicly disclosed. A common misconception is that the Agency has an unlimited budget, which is far from true."

There have been some slips, however. In 2005, a CIA deputy director inadvertently revealed the annual intelligence budget was $44 billion.



The National Security Agency was once so secretive it was jokingly called 'No Such Agency'.

The NSA was established in 1952 with a mission primarily dedicated to code breaking, after the Allies' success in cracking German and Japanese codes during World War II. For a long time, the NSA, which operates under the Dept. of Defense, was not even recognized by the government, commonly referred to as "No Such Agency."

Headquarters: Fort Meade, Md.

Mission: The main functions of the NSA are signals intelligence — intercepting and processing foreign communications, cryptology — cracking codes, and information assurance. IA is, put simply: preventing foreign hackers from getting secret information.

Budget: Classified. Some estimate the NSA is actually the largest intelligence organization in the world — three times the size of the CIA. The headquarters alone takes up 6.3 million square feet — around the same size as the Pentagon — with 112 acres of parking spaces, reports the Washington Post.



The Defense Intelligence Agency works to understand what foreign militaries will do before they do it.

The DIA was established in 1961 with the goal of sharing information collected by the major military intelligence outfits (such as Army or Marine Corps Intelligence). More recently, the DIA has been expanding its overseas spy network to collect first-hand intelligence.

Headquarters: Washington, D.C.

Mission: The DIA serves as the lead intelligence agency for the Dept. of Defense, coordinating analysis and collection of intelligence on foreign militaries, in addition to surveillance and reconnaissance operations. The DIA is the common link between military and national intelligence agencies.

Budget: Classified. The DIA does not reveal budget information, although they do say they have more than 16,500 men and women working for them and are under DoD and congressional oversight.



See the rest of the story at Business Insider

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Here's The Hypocrisy-Laden History Of Plus-Size Models

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h&m plus size model beachwearThis week, H&M featured plus size model Jennie Runk wearing the new swimsuit collection on its homepage, seamlessly integrating her presence with that of her other, rail-thin, counterparts.

While it's no longer unheard of to see plus-size models in fashion shoots and spreads — three even appeared on the June 2011 cover of Vogue Italia— it is often done in a very loud, "we're trying to make a message" way.

Even in Vogue Italia, the models only made the cover when posed seductively (and symbolically) over big bowls of pasta. Rather than appearing side-by-side with "straight size" models sans fuss, plus-size models usually appear in the "curvy" or "love your body" issue or special spread. Furthermore, American Apparel's "Next Big Thing" plus-size model contest was a testament to the flippant puns often associated with, as the retailer put it, "booty-ful" models with "full-size fannies."

Runk is no longer on H&M's homepage, just the beachwear section. Websites need to stay fresh with new content. Now, voluptuous post-baby spokesperson Beyonce has center stage on the site. This normalization of more substantial — normal — bodies, shows a potential shift in the fashion world.

But it is a long, controversy-laden road with plus-size segregation, difficulties breaking into couture, and even stylists quitting over a designer's decision to use plus-size models in runway shows.

Lane Bryant was one of the first retailers to specialize in plus-size clothing. The "Expectant Mothers and Newborn" line turned into the "For Stout Women" category in 1926. Its mantra? "Calling all chubbies!"



Until the mid-1950's, Lane Bryant used illustrations to market its "stout" line. But even here, the women look slim.



The early 20th century has the reputation of embracing curvier women, yet the supposed "American Venus" based on Miss America 1926's silhouette measured 34, 26.5, 37.5.



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Incredible Photos Show Hong Kong's Skyline Like You've Never Seen It Before

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hong kong from the ground

Hong Kong is said to have the best skyline in the world.

French photographer Romain Jacquet-Lagrèze shows us the city's skyline from an entirely new perspective in Vertical Horizon (published by Asia One, 160 pages), a collection of images of Hong Kong shot looking up to the sky and down to the ground.

The results show a juxtaposition of old and new, peace and chaos.

Jacquet-Lagrèze shared some of his photos with you. You can find out more about the book here.

Choi Hung, a public housing estate



A commercial district in Hong Kong



Tai Hang, a residential district



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Vegas Casino Bosses Have Transformed Sin City Into Club City

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HAZE club vegasIn quest for new revenue, casino bosses turn Sin City into Club City

LAS VEGAS (AP) — To step into club XS at the Wynn Las Vegas is to enter the dreamscape of a modern artist with fetishes for gold and bronze and bodies in motion.

A golden-plated frieze made from casts of nude women sits atop a shimmering staircase. Waves of electronic dance music grow louder with each downward step toward a pulsating, football field-sized club where lasers cut the air above thousands of dancers.

The revelers take their cues from the famous DJs onstage who are known to surf the crowd in inflatable rafts, throw sheet cakes at clubbers' faces and spray vintage champagne into their mouths.

In Sin City, where over-the-top is always the sales pitch, lavish nightclubs featuring a heart-pounding party have become the backbone of a billion-dollar industry that is soaring while gambling revenue slips.

"We learned a long time ago that in order to continue to attract people from around the world, we have to provide things that are hard to find anywhere else," said Jim Murren, CEO of MGM Resorts International, which operates nine Strip hotel-casinos boasting their own dance scenes. "These clubs, if done correctly, are tremendous magnets."

A $100 million temple to revelry, XS is the top-earning nightclub in the country, joining six other Vegas venues in the top 10. Its estimated annual revenue hovers somewhere near $90 million, according to the trade publication Nightclub & Bar.

The city now boasts more than 50 such clubs. New additions are coming all the time, including the five-story Hakkasan at the MGM Grand, which debuted last month, and Light at Mandalay Bay, Cirque du Soleil's first foray into the disco business, opening Memorial Day weekend.

The rise of the Vegas super-club coincides with the decline of the town's gambling supremacy. The tiny Chinese enclave of Macau surpassed the desert oasis as the world's top gambling destination in 2006. Singapore is on track to claim the No. 2 spot.

During the heart of the recession, when overall Strip revenues tumbled by 16 percent, nightclubs saw more profit than ever. By 2011, Las Vegas was clubbing all the way to the bank, with Strip beverage departments earning more than $1 billion, and casino tycoons began remaking the Strip into the club capital of the world.

With extravagantly paid DJs, larger-than-life venues and billboard ads that stretch beyond the Strip to Hollywood Boulevard and Miami, casinos are trying to pull off a tricky balancing act: keeping the kitschy core that draws older generations while finding a way to make the city hip enough to attract a younger, big-spending set — emphasis on big-spending.

"We're not interested in competing against everyone to get the 21-year-olds that are going to spend little to no money and are going to clog up the hallways," Murren said.

The 10-minute taxi ride from the airport to the Strip takes visitors past dozens of billboards promoting top DJs from Holland and beyond. Celine Dion and Elton John now take their place on marquees alongside names that recall Internet handles, such as "deadmau5" and "Kaskade."

surrender club vegas

Las Vegas, long known for catching performers on the downswing of their careers, finally appears to have embraced a musical trend at the height of its popularity. Globe-trotting Dutch DJ Afrojack, 25, said he has come to consider the Strip his home because it's the one place he believes is as dance-music-focused as he is.

"When you exit the airport, you see (the face of President Barack) Obama — and then you see me," said Afrojack, a Wynn casino favorite.

Perhaps no place exemplifies the new culture on the glittery Strip better than XS. And for most wannabe Vegas party people, the night at XS starts in line.

Casinos snake these queues past well-traveled areas — entrances, slot banks and restaurant corridors — turning the gussied-up partiers into one more piece of visual spectacle. At XS, clubbers line up in a central hallway near the luxury stores Hermes and Chanel.

Women pay $25 and men pay $55 just to get in, but pretty girls who out-dress the dress code are admitted for free. The door charge is mostly there to weed out people who won't spend on drinks, said nightlife baron Sean Christie, managing parner of another Wynn club, Surrender.

When it first opened in 2008, XS was lucky to be filled halfway to its 5,000-person capacity, even when featuring an act such as Tiesto, the world's highest-paid DJ, according to Forbes, pulling down $250,000 a set and making $22 million a year.

Now, the club may see 8,000 people come and go over the course of a night. That's nearly half of the capacity of Madison Square Garden.

As the clock edged toward 2 a.m. on a Saturday earlier this spring, superstar DJ David Guetta stood at the control board like a mad king, commanding his people.

A wiry, hollow-faced Frenchman with a curtain of blond hair, Guetta has been churning out electronic music since the genre's infancy in the world of underground raves 25 years ago. Now, at 45, he makes hits for pop music stars including Rihanna, Usher and Nicki Minaj — and conducts the crowd at XS.

At the flick of his upraised palms, Guetta had thousands of revelers whooping, jumping and punching their fists in the air. When he added a drumbeat into a chorus, metallic streamers dropped from the ceiling and a fog machine churned.

"Nothing compares with this," said 23-year-old Katie Kelly, a student in San Louis Obispo, Calif., as she bobbed her index fingers skyward. "You just release and don't care about anything."

XS boasts that its layout is modeled on "the sexy curves of the human body." In practice, the design steers people to the bars on a back wall.

Female bartenders, their long hair draped over sequined black corsets, serve $15 shots of Jack Daniels whiskey, coordinating their pouring to the skull-rattling bass and synthetic blares vibrating around them. A supermarket a few miles away sells a bottle of Jack containing 17 shots for $16.

When newbies push through the swaying crowd to grab a table, they find that Vegas has monetized sitting, too. Patrons pay a $10,000 beverage minimum upfront to claim any of the dozen plush banquettes nearest the dance floor.

By the time Guetta hit his stride on this night, all of the club's 95 tables were full, including the cheaper seats away from the action and one uber-VIP table on stage. Near the bigger-than-your-apartment, 1,100-square-foot dance floor, four scantily clad girls gyrated in front of three men wearing suits and skinny ties.

One of them, Thomas Park, had filled the table with 2004 vintage Perrier-Jouet champagne and Gray Goose magnums — for $700 and $1,300 a pop.

"We have a lot to spend," said Park, who is in his mid-30s and works as a relator in Canada. "That's why we have all the girls."

Casinos learned long ago that some VIPs don't see the point of being VIPs unless everyone can see them being VIPs, so clubs oblige big spenders with spotlights and velvet ropes cordoning off their mini-empires.

But not everyone at a table is a high roller. Some are splurging, or sharing the cost with their friends. Superstar DJ Kaskade, a Vegas regular, said he hears from fans who saved for months to pay for a table and a weekend of fun in Vegas.

"It's because they see videos of this stuff and they say: 'This is nuts.'"

Today, the club craze is moving beyond the dance floor.

XS opens into an open-air adult playground complete with table games, food and a huge circular pool. Around 3 a.m. on this particular night — still several hours from closing time — women in bachelorette sashes waded toward floating white platforms as crescendos drifted over the water.

Beckoning from the other side of the pool, past clumps of partiers, is the upscale "vibe-dining" restaurant Andrea's, where DJs spin lounge music. Hakkasan is taking the vibe-dining concept further, importing a London-based, Michelin-starred Cantonese restaurant to serve as the foundation for its five-story complex.

Most casinos have also incorporated nightclubs during the day — a way to infuse the dance scene into an otherwise typical summer pool party.

At Andrea's, while taking in a production he helped create, Christie confessed he worries about what might happen to Vegas now that it's banking so heavily on an indulgent club scene — especially if 20- and 30-somethings develop a taste for a new indulgence.

But then he quickly corrected himself, saying he'd be just as happy to lure patrons with country western stars.

"Whatever they want, I just serve up. Hopefully, I serve it up the best," he said. "I'm not one to care about that kind of stuff. I'm just here to make money and throw great parties."

___

Hannah Dreier can be reached at http://twitter.com/hannahdreier

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11 Things You Don't Know About 'The Great Gatsby'

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great gatsby dicaprio carey mulligan

F. Scott Fitzgerald always wanted his novel "The Great Gatsby" to become a "consciously artistic achievement."

Today, it is just that. 

His American classic is mandatory reading across English classrooms. However, there was a time no one wanted to read about Gatsby and his lost love, Daisy.

With Baz Luhrmann's anticipated film adaptation in theaters this month, we re-read our copy of the book. 

Ahead of the 182-pages of the novel is a 22-page introduction from Charles Scribner III.

You've probably passed over it to finish required reading and mull over symbolism regarding the green light at the end of a dock and the watchful eyes of Dr. T. J. Eckleberg

If you go back and take a read before the film comes out May 10, we recommend reading Scribner's forward.

It shares many details about the early drafts of Fitzgerald's novel, the lengthy process and pains with which he went through to produce it — settling on a title was one of the most difficult tasks — and the immediate failure of the book. 

Some would say, "Gatsby" was simply ahead of its time.

11. The book was highly influenced by Fitzgerald's failed play "The Vegetable: or from President to Postman."

Fitzgerald spent a year and a half working on the comedy — a satire on the American Dream and spoof of President Harding's administration — which he hoped would make him a famous Broadway playwright.

The young author began work on "Gatsby" after the first draft of "Vegetable" was complete while traveling between Long Island, Great Neck, and New York City for play rehearsal.

"Vegetable" was a disaster opening night in the fall of 1923 in Atlantic City, NJ.

(Source: "The Great Gatsby")



10. "Gatsby" was originally set in the Midwest—not New York—around 1885.

The original concept was to have a "Catholic element" in the novel.

Today, the story takes place in the summer of 1922 — during the Jazz Age — in both Long Island and New York City.

(Source: "The Great Gatsby")



9. There's a short story dedicated to Gatsby's childhood.

During Fitzgerald's early manuscript of "Gatsby," he wrote about a Catholic boy growing up in the Midwest.

According to Fitzgerald, this was to describe Gatsby's childhood in a prologue; however, it was cut from the book.

Instead, the bit was published nearly a year before "The Great Gatsby" in June 1925 in the short story, "Absolution."

(Source: "The Great Gatsby")



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The Geniuses At Harvard Business School Just Came Up With These 14 Startup Ideas

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graduation, harvard, caps and gownStudents from Harvard Business School recently launched their startups as part of Harvard's "startup bootcamp" program for first-year students. 

The Field Immersion Experiences for Leadership Development 3 program is a 10-week crash course in building a company from scratch with a limited budget, and on a tight deadline. 

Click here to jump straight to the startups >

Steven Sinofsky, the former president of Microsoft's Windows Division, worked with a section of about 90 students this year, led by Professor Jan Hammond. Each startup team had roughly six students. 

Here's a breakdown of the program, courtesy of Sinofsky:

  • Two weeks to develop a product concept.
  • Funding simulation (“stock market”) which gives some teams the opportunity to raise more capital and others will need to make do with less, and thus pivot their ideas.
  • About 8 weeks to fully develop the idea, go to market strategy, prototype or actual product, and basically to show that the product can be made.
  • Launch day – this is where we are today! On this day your product or service is ready to be used by people. The stock market is opened for trading and based on the launch readiness and pitches, the value of companies goes up or down and some companies do not make it past this stage.
  • About 3 weeks to actually sell the product or service and ready for …
  • IPO day!

Even though it's merely an academic exercise, the products are real and intended for people outside of Harvard to use. 

View The Rental helps apartment and house seekers find the perfect place to live.

View The Rental offers objective information about apartments and houses for rent in Boston or Cambridge. It provides remote video chat via Skype for people who are unable to see the apartment in person. 

View The Rental will scout out the apartment or house for you, and stream a live video walkthrough. Or, you can receive a report via email. 



RescueMe is a basic medical kit.

RescueMe is an all-in-one travel pack for medication. Each pack includes a First Aid kit, cold, headache, and flu medicine, ear plugs to block out unwanted noise, and a refillable carrying case.



MyFriendBert makes it easier to find dates.

MyFriendBert sends expert-planned, customized date itineraries to your email. Its experts have "scoured the earth" to find hidden gems for the perfect date. With MyFriendBert, you can book a date within a matter of seconds. 

When you sign up, all you have to do is enter your email address, select what kind of dates you want to receive. So either classy, trendy, active, or laid back. The next step is to select how much you're willing to pay. 



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How The Natural Gas Boom Has Changed The Lives Of Rural Pennsylvania Residents

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Fracking Montrose, PAAfter more than four years America's shale gas boom remains on full blast.  

Last year, production reached a new record high of almost 30 trillion cubic feet, an increase of 5% over 2011.

That follows increases of 7.4% in 2011 and 3.4% in 2010.

The boom has helped send natgas prices plummeting, which has lowered electricity costs and allowed certain energy-intensive industries like petrochemicals and steel to expand.

But what's the boom been like for residents living in the middle of it?

We recently traveled to rural Susquehanna County, Penn. and its largest city, Montrose, to see up close what being at the heart of America's shale gas boom does to your way of life.

It's complicated.

Some people now make lots of money, and jobs have been created or saved (a local cabinet manufacturer, for instance, had been teetering on bankruptcy before gas money moved in).

But there were some undeniable costs. Trucks are everywhere in what had previously been a mostly quiet corner of the Keystone State. 

Then there are the complaints from residents who say fracking activity has contaminated their water.

We won't get into those claims here, except to note that a judge recently found strong evidence they were true for at least one family, while others who sued Cabot have since settled.

No one we spoke with who had wells on their property have seen water problems, though as you'll see, they voiced other concerns.

Our main takeaway: the shale gas boom is a lot more complex than you may think.

Susquehanna County is just a few hours' drive from the heart of Manhattan. But it feels way further. You're just as likely to see cows as people out here.



Jim Grimsley and his wife Annie, have a gas well in their backyard. A Queens native, Grimsley moved to Susquehanna eight years ago after he retired. That was well before the gas boom.



He said the royalties he gets are less than he'd prefer — he admits they were pretty clueless about negotiating for them and wishes he'd gotten a more fruitful deal — but they have been able to add furnishings to his kitchen. Their water remains uncontaminated.



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Mars Or Utah? Scientists Set Up A Fake Space Base In The Desert [PHOTOS]

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mars/utah

A manned mission to Mars could happen by the end of this century.

The Mars Desert Research Station, located in a remote region of Utah, is helping scientists prepare for this challenging deep space expedition.

The desert landscape has been used to simulate the conditions on Mars because of its striking resemblance to the Red Planet's terrain.

Scientists and students come from all over the world to spend two weeks exploring canyons, cliffs, and rockscapes, while dealing with the constraints they would face on Mars.

There are no supermarkets, repair shops, or hardware stores. The only available resources and tools are what each team brings into the desert with them. 

The variety of experiments conducted by different crews adds to the growing body of research and knowledge that will be used to send the first humans to a world that so far, only robots have known.  

The Mars Desert Research Station is located in a remote region of south-central Utah known as the San Rafael Swell.



The Swell is a 2,000 square mile area of public land, known for its canyons and sandstone formations — a terrain that is very similar to Mars.



The Mars-like environment makes this area the perfect spot to carry out simulated Mars missions.



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The Fabulous Lives Of Wall Street Offspring

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Paul Tudor Jones

Just like you and me, Wall Streeters from all parts of the  industry get the itch to settle down and start a family at some point.

That means they have kids who share their fabulous lives. We decided to track down a bunch of them and see what they've done with them.

All in all these young men and women are pretty remarkable.

Some of them are singer-songwriters, while others are going into the family business. We found a journalist and a computer game developer, too.  

Now let's meet this next generation. 

Laura Dimon, the daughter of JPMorgan CEO Jamie Dimon

Age: 26 to 27 (est.)

About: Laura is the middle child of Jamie Dimon's three daughters. She has an older sister, Julia, and a younger sister, Kara.

Laura recently got a lot of attention for a Daily Beast article that went viral.  The piece was about women avoiding getting caught going No. 2 in the office.

She's a master's student at Columbia University's Graduate School of Journalism. Her articles have been published in The Daily Beast, The Huffington Post and Morocco World News. You can check out her blog here

In the past, she worked as a program analyst for the Clinton Health Access Initiative in Pretoria, South Africa.  She has also interned at The Council on Foreign Relations. 



Matt Dalio, the son of billionaire hedge fund manager Ray Dalio

Age: 29 (est.)

About: Matt lives in the San Francisco Bay Area and is the CEO and chief of product of Endless Mobile, a company that builds smartphone software for the needs of the developing world.

At age 16, after spending a summer working in a Chinese orphanage, Matt founded the China Care Foundation. The organization raises funds to help Chinese orphans with special needs. ABC News named him "Person Of The Week" in 2004.  

Matt graduated from Harvard in 2006 with degrees in economics and psychology.  He also holds an MBA from Stanford.

Source: EndlessM.com



Mike Swieca, the son of billionaire hedge fund manager Henry Swieca

Age: 27 (est.)

About: Mike Swieca works at his father's hedge fund, Talpion Fund Management, according to his LinkedIn profile.

It looks like he previously did internships at Goldman, Highbridge, Barclays and Antheus Capital. 

He graduated with degrees in history and economics from Northwestern University.  He completed a study abroad program at the City University of Hong Kong.  He is currently pursuing his MBA from Columbia. 



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GOLDMAN: These Are The 40 Most Undervalued Stocks In The Market

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colorful dessert cakes

David Kostin, Goldman Sachs' chief U.S. equity strategist, sees almost no upside to the S&P 500 from now through the end of the year.

However, within the market he sees no shortage of stocks and sectors expected to outperform.

In his new U.S. Monthly Chartbook, Kostin provided an updated list of stocks with the most upside potential today.

This time around, the list is dominated by oil and gas firms including drillers or refiners.  The rest are ringers across a broad range of industries, from tires to telecom.

According to Goldman's analysts, the 40 stocks on this list offer 23% to 57% upside relative to their recent prices.

40) Apache: 23.2% Upside

Ticker: APA

Sector: Energy

Recent Price: $73.88

Upside to Target: 23.2%

Apache just set up its third offshore North Sea production site in as many years.

Source: Goldman Sachs, UPI



39) Expedia: 23.6% Upside

Ticker: EXPE

Sector: Online travel

Recent Price: $55.84

Upside to Target: 23.6%

Robust growth in global hotel room nights led to a 24% annual increase in Expedia’s Q1 2013 revenues.

Source: Goldman Sachs, Motley Fool



38) Ford: 24.0% Upside

Ticker: F

Sector: Cars

Recent Price: $13.71

Upside to Target: 24.0%

Ford just hired 2,000 people in Kansas City.

Source: Goldman Sachs, USA Today



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Celebrities Wore Ridiculous Outfits To The Kentucky Derby

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Miranda Lambert Kentucky Derby

Celebrities flew into Louisville this weekend to attend Saturday's 139th running of the Kentucky Derby.

Miranda Lambert attended with girlfriends, Lauren Conrad posed with an astronaut, and many couples made it a date.

See who went to this year's Kentucky Derby and more importantly, how big their hat was.

Lauren Conrad posed with the AXE astronaut before the race.



Miranda Lambert signed a Moet & Chandon bottle to benefit the Churchill Downs Foundation.



Country singer Luke Bryan and wife Caroline Boyer wore their hats to the Grey Goose red carpet lounge.



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South American Soccer Game Halted After Fans Try To Climb A Barbed Wire Fence And Storm The Field

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boca juniors river plate fans climb fenceThe "Superclásico" between Argentine soccer clubs Boca Juniors and River Plate had to be halted for 15 minutes yesterday when violence spilled onto the field.

The game was stopped in the second half when fans lit smoke bombs, set off flares, threw things on the field, and even tried to climb a steel fence lined with barbed which separated the crowd from the field.

This is the most bitter rivalry in all of South American professional soccer, and these insane photos from Buenos Aires tell you why.

Smoke rises from either end of La Bomberona



~40,000 fans were packed into the 70-year old stadium



The game was stopped with 15 minutes to go as fans try to climb onto the field



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An Up-Close Look At Roman Abramovich's $1 Billion Superyacht

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Roman Abramovich Yacht Eclipse There's rich, and then there's the superyacht rich.

And yachts don't get any more super than Roman Abramovich's 553-foot long $1 billion plus flagship the Eclipse. 

The Eclipse is currently docked at Manhattan's Pier 90.

The following photos show a bit of what more than $1 billion plus buys in a personal motor yacht these days.

Just south of this public parking lot on the roof of the Pier 90 terminal sits Russian billionaire Roman Abramovich's flagship yacht, the "Eclipse."



The Coast Guard referred us to this website where we pinpointed the ship's position and confirmed it hadn't sailed.



536-feet long and styled after military vessels, we simply had to take a look.



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The Golden State Warriors Are Building A $500 Million Arena On The San Francisco Waterfront — And It Looks Spectacular

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new golden state warriors arena design night

The Golden State Warriors have released new designs for the $500-million arena they're building at the foot of the Bay Bridge in San Francisco.

The project will be finished by 2017

This thing looks spectacular.

The coolest feature: there's a huge window on one end of the court so you can see the bridge.

The arena is right on the water at Piers 30-32 in San Francisco



You can see the Bay Bridge from your seat



The arena in relation to the Giants stadium



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8 Money Habits That Are Holding You Back

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Coachella party 2013We know you're doing your best with your money.

Sometimes, however, even the best intentions can lead us astray. With every cocktail you order at the bar, and every minute that you spend browsing the web on your mobile phone, you put your finances at risk.

Don't believe us? We've got proof.

These eight seemingly innocent daily moves could be jeopardizing your financial health. Are you guilty of these habits?

You're one of roughly 20 million Americans who move each year.

That figure comes directly from U.S. Census statistics, and since each move is often prompted by a life change, like getting married or having a baby, we often end up spending money on things we don't anticipate.

These purchases can run the gamut from a big-ticket item, like a new car, to small electronics, like a navigation system to help you get around your new neighborhood. Of course, many of these expenses will be unavoidable, which nicely brings us to our next point...



You still don't have a savings account.

In June 2012, Bankrate found that the number of people with zero emergency funds rose to 28% from 24% in 2011.

You probably know by now that you should have six months' net income set aside in case of an emergency, and establishing that savings is easier than you think.

"If you have an employer that can split out the amount that you are taking home, and force-feed savings into an account that is out of sight and out of mind, that's one of the best ways," Elliot Herman, CFP®, tells Bankrate. And even if your employer doesn't offer it, your bank likely does.



You can't fathom downgrading your lifestyle.

Despite a bad economy, a survey by STORES Magazine found that many of us are unwilling to give up "needs" like satellite TV and a professional haircut for the sake of saving some dough.

(We are, however, more inclined to give up such luxuries as designer jeans and dining out.)

Still, it's worth downgrading your cable service to see how much you can save. If you truly can't handle it, you can always reinstate your service.



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The Best Mother's Day Gifts For Every Kind Of Mom

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Mother's Day is coming up this Sunday, but don't freak out — there's still time to get her something more than just a card.

Whether it's your mother, grandma, step-mom, wife, sister, or daughter, it's nice to make all the moms in our lives feel special.

Here are our picks for the best Mother's Day gifts this season for every type of mom, from the cook to the tech-obsessed.

You canjump to a specific category by clicking one of the links below, or click here to flip through the complete list of Mother's Day gift ideas >

For The Mom Who Loves To Relax

pamper spa relaxing

For The Mom Who Loves Gadgets

ipad mini

For The Mom Who Loves To Cook

Woman Cooking

For The Mom Who Loves To Travel

woman on a mountain with yoga mat

For The Mom Who Loves To Relax



This 2-piece Lavender Aromatherapy set is crazy relaxing. Linseed keeps the set warm or cold (depending on your preference) so all you need is a microwave or freezer.

Buy it here for $30



Philosophy bath gels can also double as shampoo and shower gel. We recommend Living Grace, a clean scented version with a moisturizing lather.

Buy it here for $24



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