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Here's What You Can Earn Working At Facebook (FB)

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Mark Zuckerberg

It's a pretty sure bet that almost everyone you know is using Facebook in one way or another. 

And it takes an army to get a site that big running smoothly. 

So, who gets paid more: engineers, like at most other tech companies, or the men and women in charge of getting the product out the door?

We've assembled a list of some of the salaries you can make working at Facebook, based on data gathered from Glassdoor.

Salary data on Glassdoor is based on anonymous salary reports that were voluntarily shared by both current and recent employees.

Still, if you see your role on the list, start drawing up a resume.

18. Account executive

Salary: $62,617

While Facebook is a gigantic social network, it's still able to run thanks to its role as an advertising platform. Account executives manage the most important of those business and advertising relationships.

As with most tech companies, they're near the bottom of the barrel.



17. Software engineering intern

Salary: $77,544

Facebook pays its interns really well. It's a good way to attract young talent to the company.



16. Site reliability engineer

Salary: $77,667

Facebook isn't making money or making its users happy if the site is down all the time. So Facebook has to hire a bunch of engineers who make sure everything stays online and is running smoothly.



See the rest of the story at Business Insider

What We Want In The iPhone 7 (AAPL)

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apple iphone

The iPhone 6 was just released into the wild last week, and so far it's selling like crazy

People are loving the bigger screen, the better camera specs, and the new larger sizes. 

Leading up to the Apple event on Sept. 9, though, there was a ton of speculation and rumors bouncing around about what the iPhone 6 would possibly have. We pretty much knew the device would come in two sizes as far back as February. And we even had an inkling that the camera lens would protrude.

But then there are the rumors that didn't pan out. So let's raise a glass to those guys, and hopefully we'll see them in the next iteration of the phone, or at least the iPhone 7 a few years from now.  

Sapphire glass

We thought we'd see GT Advanced Technology's ultra-durable sapphire glass on the iPhone 6 display, but Apple only put it on the camera. It's also going to be used in the upcoming Apple Watch. 

Sapphire is more scratch resistant than Corning's Gorilla Glass, which has been used on previous iPhone models.

Upgrading the iPhone's display would make buying the pricey phones that much more bearable.



A reversible USB charger

When Apple replaced the 30-pin connector with the reversible Lightning cable, Macheads jumped for joy. 

Introducing a reversible USB cable is a little thing that would improve the iPhone user experience, especially for people who find themselves glued to their phones.



Wireless charging

While we're on the topic of charging, wireless charging would be a major perk for the iPhone 7.

The technology already exists, Apple just needs to scale it for the masses.



See the rest of the story at Business Insider

Here Are The Self-Declared Nations You Won't See At The UN

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Republic of Somaliland

The United Nations General Assembly kicks off this week, with diplomats and heads of government from 193 member states and two observer states descending upon the UN headquarters in New York. 

But despite the UN's best intentions, a number of states will not be represented at the UN this year. Unlike non-voting observers like the Holy See and the State of Palestine, the following nations will not be at the UN in any officially recognized capacity.

Despite these would-be states not having a voice at the UN, these states often punch above their weight and can play a major role in international affairs. 

The Republic of China

The Republic of China, also known as Taiwan, is recognized by 21 UN member states and the Vatican as the official government of China. It is the successor of the constitutional government founded in China in 1912 that was driven out of the mainland by Mao and the communists.

Both China and Taiwan claim to be the official government of the entirety of China, including the mainland and the island of Taiwan. China views Taiwan as a renegade province that must be brought into fold, perhaps through military force.

Until 1971, the Republic of China was recognized in the UN as the official government of China, and held one of the five permanent spots on its powerful Security Council. However, in 1971 the UN expelled the Republic of Taiwan and gave its seat, as well as its membership in all intergovernmental organizations, to the People's Republic of China. 



Republic of Somaliland

Located along a dry stretch of the Red Sea is the Republic of Somaliland, a self-declared independent state that is recognized as a special autonomous region within the rest of Somalia. The Republic of Somaliland, a former British possession, was independent from June 26, 1960, until July 1, 1960, when it united with the formerly Italian colonized parts of Somalia to form the Somali Republic. 

Somaliland came to regret the union, especially as the country disintegrated in the late 1980s and early '90s. After Somalia's central government collapsed in 1991, Somaliland held a referendum on becoming an independent state and declared independence shortly afterward.

Although the Republic of Somaliland has the trappings of statehood — elections, a recognized government, and rule of law — no nation recognizes the republic as independent for fear of threatening Somalia's ever-fragile political order. The neighboring nations of Djibouti and Ethiopia do allow citizens from Somaliland to cross borders with a Somaliland passport, however. 



The Nagorno-Karabakh Republic

The Nagorno-Karabakh Republic (NKR) is a breakaway republic in the South Caucasus. NKR is recognized as part of Azerbaijan by the United Nations, and it comprises about a fifth of that country's territory. However, the region is predominantly ethnically Armenian, and the NKR receives support from Armenia. 

Nagorno-Karabakh has become a frozen conflict between Armenia and Azerbaijan, with little progress being made in settling the issue since six years of hostilities ended in 1994. In August, the Azeri president went on an incredible Twitter rant in which he came close to declaring war on Armenia over the region. 

The NKR is recognized by three other Russian-supported breakaway republics in the former Soviet Union — the Republic of Abkhazia, the Pridnestrovian Moldavian Republic, and the Republic of South Ossetia. 



See the rest of the story at Business Insider

Meet The 18-Year-Old Greek Princess Who Is Fashion’s Next ‘It’ Girl

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Princess Maria-Olympia of Greece tatler cover shoot

Princess Maria-Olympia of Greece is the latest royal to be swept up into the fashion world.

The 18-year-old daughter of Crown Princess Marie-Chantal and Crown Prince Pavlos of Greece is already becoming a known face on the cover of magazines and in the front rows of designer catwalks.

Olympia, who was born in New York and has lived in London since she was seven, does not have the royal responsibilities of most princesses — her grandfather’s reign was cut short after a messy coup in 1974. She has numerous royal relatives, however, including her father’s aunts Margrethe II of Denmark and Queen Sofia of Spain, as well as the Prince of Wales who is her cousin and godfather.

As you can expect, the young royal’s life is filled with travel, designer duds, and more. 

This is Olympia. The 18-year-old is considering attending NYU for her graduate studies, she told The Tatler, and lives in London with her parents and four younger brothers.

Her mother Marie-Chantal is a first-generation American heiress (daughter of billionaire Robert Warren Miller) and founder of an eponymous children’s clothing brand with celebrity customers like Kim Kardashian, the Beckhams, and Spanish royalty.

Her father is Pavlos, Crown Prince of Greece and Prince of Denmark. When her parents married in 1995, it was a fairytale wedding that cost a reported $1.5 million and was attend by 1,300 guests.

Like any other posh royal, she has a love for horses. Here she is kissing her dad’s horse Pinkerton. 

The family also loves dogs. Among their brood, they own a Pomeranian, Boston Terrier, and Vizsla.  

When she was 17, Olympia had a three weeks’ work experience in the couture department of Dior. She hopes to have a career in fashion or photography, according to her Tatler interview.

Olympia drives a cute little Fiat.

Her globe-trotting family takes the best vacations. Olympia posts awesome travel pictures of her trips, like this visit to the Pantheon in Rome, Italy.

Here she is at a gorgeous vacation home in Greece (she is a Greek Princess, after all).

Her family also went to the Harbour Island in the Bahamas this summer.

And Ibiza.

And Capri — and those were just a few of the family’s vacations this year.

Olympia also attends all the cool fashion week shows. Here she is at Diane Von Furstenberg's NYFW with the Hilton sisters.

And another picture of her sitting front row with Emma Watson at Valentino.

Olympia has become a fashion darling. She’s currently shooting an upcoming spread for W Magazine.

Her family is even on a first-name basis with Ana Wintour. Olympia’s mother made the flower girl shoes for Anna Wintour’s son’s wedding.

She has appeared in Vanity Fair Spain in the past with her mom. 

And even covered the British society journal, Tatler. 

Chances are we can expect to see a whole lot more of Olympia. You can keep up with her and her mom Marie-Chantal on Instagram.

DON'T MISS: Instagram Pictures Reveal What Life Is Like For The 19-Year-Old Daughter Of Billionaire Roman Abramovich

SEE ALSO: 26 Regular People Who Married Into Royalty

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The Sexiest CEOs Alive!

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elon muskA chief executive officer is the face of a brand. He or she announces earnings, attends events, and leads the company into the future. But some companies' faces are hotter than others.

We've scoured the world to find the sexiest CEOs around the globe.

Sexiness, we will remind you, is a subjective measure. It's not just about looks. Sex appeal is the culmination of a person's success, power, ambition, charisma, altruism, fashion sense, and style. We also considered how sexy and buzzworthy the company is.

For this ranking, we have only included CEOs of companies with at least 100 employees.

50. Gina Bianchini, Mightybell

The self-proclaimed theater nerd and Stanford grad is an expert in social networking. Before Mightybell, Bianchini and Marc Andreessen co-founded Ning, a platform that lets users create and manage their own social networks.

Today, the 41-year-old is still top dog in the "Internet of People" space. Mightybell is a platform for creating your own smarter, more personalized social network among small groups.



49. Safra Catz and Mark Hurd, Oracle

When Larry Ellison announced that he would be stepping down as CEO of Oracle, Safra Catz and Mark Hurd were quick to step up, both as CEOs of the large software company.

The Israeli-born Catz, 52, joined Oracle in 1999 as a senior vice president and was serving as a president and CFO of Oracle when she was named a CEO. She's often cited as being the highest-paid female executive. Hurd, 57, formerly chairman and CEO of Hewlett-Packard, is also a president at Oracle. He joined the company in 2010.



48. Charles Phillips, Infor

The former co-president and director of Oracle Corporation, Phillips has risen from the ashes of an executive power play scandal. His new enterprise software company now poses a huge threat to Ellison's Oracle, as Infor hit almost $2.8 billion in revenues in 2013.

The 55-year-old is described as being "tall (6' 3"), graceful, and impeccably dressed" and poised to become "the 'Steve Jobs' of business software."



See the rest of the story at Business Insider

Michelin Reveals The Best Restaurants In NYC Where You Can Eat For Under $40

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bar primi pasta dish

Michelin's 10th New York City restaurant guide comes out October 1st, but the company has released its annual list of "Bib Gourmands" Wednesday.

The Bib Gourmand restaurant winners are widely considered the best and most affordable restaurants in NYC. To qualify, establishments must not only cook delicious fare, but also serve two courses and a glass of wine or dessert for $40 or less (tax and gratuity not included).

This year's New York City list has 126 restaurants with new eateries like Andrew Carmellini’s new Bar Primi making the cut.

“While the famous Michelin stars remain the most celebrated international distinction in the Michelin Guide, the Bib Gourmand is a highly desired honor among restaurateurs and one that is recognized by the many people who covet quality food at a reasonable price,” the company explained in a press release.

Check out the full list of restaurants and their locations below.

restaurants 1

michelin bib gourmand restaurants 2

   

SEE ALSO: The Best 'Cheap Eats' In New York City

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Here's How To Get A Successful Startup Off The Ground, According To The Investors Who Produced Dropbox And Airbnb

Look How Much The iPhone Camera Has Improved Over Time (AAPL)

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iphone 6 cameraWhen people talk about the iPhone's improvements, they tend to focus on how it's computational power has exploded over the years.

While that's impressive, what's equally impressive, but often overlooked, is how the camera has improved. 

Lisa Bettany, cofounder of apps Camera+ and MagiCam, has taken a series of photos with every single iPhone to see just how drastically the image quality has changed. She gave us permission to rerun her photos.

Flipping through them is a great reminder of how far we've come in a short time.

Here's a macro shot of a bowl of strawberries taken with the original iPhone. The shot was taken in cloudy daylight, and the fruit is out of focus.



This is the same shot taken with the iPhone 3G — still out of focus but slightly clearer.



This image taken with the iPhone 3GS looks much sharper than the previous two.



See the rest of the story at Business Insider

12 Teddy Roosevelt Quotes On Courage, Leadership, And Success

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roosevelt

Among US presidents, Teddy Roosevelt stands out. He's the only one to win both the Nobel Prize and the Medal of Honor. Plus, he busted up corporate trusts, fathered the Panama Canal, and set aside 230 million acres of land for public good, kickstarting the American conservation movement.

Born in Manhattan in 1858, Roosevelt served as lieutenant colonel in the Spanish-American War, and then came back to New York to serve as governor. 

In 1901, a 43-year-old Roosevelt became the youngest president after President McKinley was assassinated. He'd hold the office until 1909.

Roosevelt was also a master orator. We combed through his speeches, interviews, and letters for a few of his most blazing turns of phrase.

On inaction

"To sit home, read one's favorite paper, and scoff at the misdeeds of the men who do things is easy, but it is markedly ineffective. It is what evil men count upon the good men's doing."

[The Higher Life Of American Cities, December 1895]



On courage

"A soft, easy life is not worth living, if it impairs the fibre of brain and heart and muscle. We must dare to be great; and we must realize that greatness is the fruit of toil and sacrifice and high courage... For us is the life of action, of strenuous performance of duty; let us live in the harness, striving mightily; let us rather run the risk of wearing out than rusting out."

[Campaign address, October 1898]



On work

"I don't pity any man who does hard work worth doing. I admire him. I pity the creature who does not work, at whichever end of the social scale he may regard himself as being."

[Speech, September 1902]



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An Aerospace Engineer Has Completely Reinvented The Ice Cream Scoop

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The midnight scoop kickstarter project ice cream gif

One of Michael Chou’s biggest pet peeves was not being able to scoop frozen ice cream.

“I couldn’t help but feel there was a better way,” Chou, a mechanical and aerospace engineer for the University of California San Diego, explained to The Daily Mail. “I like my ice cream frozen and hard – melting it with a hot spoon or letting it sit out for half an hour ruins it.”

So the 35-year-old Michigan father spent two years to invent the The Midnight Scoop, a “better ice cream scoop” that has the ergonomic design that allows you to scoop even the hardest ice cream.  

The midnight scoop kickstarter project ice creamWhat makes The Midnight Scoop different is that the curved end forces you to push the ice cream with your palm, thereby using the muscles in your arm and chest instead of with the weaker muscles in your wrist.

The key is in the handle which is curved to fit your palm and keep your wrist straight. The scoop is also specially designed with a thin and pointed end that can easily slice through ice cream.

Made from a coated and forged aluminium alloy, it will cost $50 with a lifetime warranty. The Kickstarter project has already exceeded it’s $17,500 goal by over $20,000 with still eight days left in the campaign.

The midnight scoop kickstarter project ice creamYou can donate to The Midnight scoop on Kickstarter here.

SEE ALSO: 10 Ingenious Reinventions Of Everyday Products

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Photographer Meticulously Recreated Iconic Photographs Using John Malkovich As His Model

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malkovich miller

When actor John Malkovich takes on a role, he really goes for it.

So, when longtime friend and collaborator, photographer Sandro Miller, who goes by his first name, decided he wanted to recreate his favorite iconic images as tribute to his most beloved photographers, he knew who to ask to be the stand-in model for the images.

" [Malkovich's] belief and trust in my work is unprecedented, granting me many opportunities to work with him. Over the past 17 years I would approach John with various personal projects... he has never said no, and has always been open to my ideas," says Sandro. 

The resulting series, shot over the course of three days in April, exactingly recreates 30 legendary photographs by 28 master photographers, all featuring Malkovich assuming many different roles in the frame.

Entitled "Malkovich, Malkovich, Malkovich: Homage to Photographic Masters," the resulting images will be on display at the Catherine Edelman Gallery in Chicago in November. Sandro has plans to tour the show to Los Angeles, New York, Paris, Italy, and Dallas in the near future. Also, be on the lookout for exclusive interviews with John Malkovich about the project coming soon in French publication 7-POST and French newspaper Libération

The series began two years ago, when Sandro came up with the idea to pay homage to his hero, Irving Penn, by recreating one of his iconic images, a photograph of the author Truman Capote, kneeling on a chair wedged in a corner created in Penn's studio. He realized that Malkovich looked a bit like Capote, so he asked him to stand in as the model. The feedback was great.



Because of the success of the first photo, Sandro decided to pay tribute to more of the photographers who had influenced him over the years. He flew to Paris to meet with Malkovich, prepared with 30 images he wanted to recreate.



"After consuming two bottles of wine with John, I showed him my idea and he fell in love," Sandro says.



See the rest of the story at Business Insider

Here's The Winklevoss Twins' Big Presentation On Why Bitcoin Is The 'Internet Of Money'

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winklevoss

A year ago, twins Tyler and Cameron Winklevoss, who run Winklevoss Capital, gave a bullish presentation on Bitcoin at the Value Investing Congress. 

They have just released the slides on the crypto-currency for the first time. 

"On the day of our presentation the price of Bitcoin was $132.27. Yesterday at 4pm EDT the price was $432.26. I generally don’t like to talk about price too much....Most days I don’t check it at all, but in the context of this presentation and using the granularity of a year, I think it’s a reasonably worthy exercise. Rome wasn’t built in a day, and Bitcoin won’t be either, but I still feel very bullish about its long-term value both as a technology and an investment," Cameron Winklevoss writes.







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The 20 Places Where You'll Pay The Most For A Hotel Room

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Bora Bora Four Seasons

Traveling costs a lot of money, but the price of a trip can fluctuate tremendously depending on the destination.

Hotels.com recently released its annual Hotels Price Index, a report on hotel prices in major destinations across the world that's based on Hotels.com bookings. 

As part of this report, they found the destinations where U.S. travelers paid the most for hotel rooms—and some of the choices are surprising. 

Instead of sleeping in notoriously expensive cities like Paris or London, Americans are spending more on hotel rates in places like Southampton, Bermuda and Moorea, French Polynesia.

The most expensive destination on this list by far was Bora Bora in the French Polynesia, with an average price of $855 per night.

20. Lake Louise, Canada: $313 per night

Book the Post Hotel & Spa in Lake Louise.



19. Salmiyah, Kuwait: $323 per night

Book the Symphony Style Hotel Kuwait in Salmiyah.



18. Seven Mile Beach, Cayman Islands: $325 per night

Book the The Ritz-Carlton in Seven Mile Beach.



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How Elon Musk Became The Most Badass CEO In The World

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elon musk

Tesla and SpaceX are some of the most innovative companies today, making huge strides in the electric car and commercial spaceflight industries. 

At the helm of both companies is CEO Elon Musk, the South African-born self-made billionaire.

Musk has often been compared to the Tony Stark character as portrayed in the "Iron Man" movies. He knows how to have a good time when he's on top, and doesn't hold back when he's criticized.

He's also the sexiest CEO in the world.

Elon Musk is America's most badass CEO, and these photos prove it.

Alex Davies contributed to this story.

Elon Musk is only 43, and he's worth $9.3 billion, according to Forbes.

Source: Forbes



Born in South Africa in 1971, he was the oldest of three children and was incredibly curious from a young age. After working his way through all of the books he could find, he started reading the encyclopedia. When he was 10, he was administered a test from IBM that showed he had one of the highest possible aptitudes for computer programming.

Source: YouTube



He started taking computer classes but soon outpaced his teacher. When he was 12, he developed and sold the code for his first video game — called "Blastar," the game was set in outer space. He and his brother wanted to open their own arcade, but their parents weren't on board with the idea.

Source: YouTube



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New York City’s New Most Expensive Apartment Will Cost $130 Million

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520 PARK AVE penthouse $130 millionNew York City has some of the most expensive real estate in the world, and there are no signs this will change.

On Tuesday, it was revealed that the city's latest most expensive condo will be a $130 million triplex penthouse in the yet-to-be-completed 520 Park Avenue building 

This mansion in the sky will have over 12,000 square feet, a 1,257-square-foot terrace, and gorgeous views of Central Park. It will go on sale with other units beginning early next year, according to Bloomberg, and will be completed with the rest of the building in 2017.

The 54-story tower is being designed by Robert A.M. Stern Architects (RAMSA) and developed by Zeckendorf Development Co., the same firms behind the celebrity-haven 15 Central Park West as well as 18 Gramercy Park.

It will be nearby other luxury high-rises on the so-called Billionaires' Row, sitting between 60th and 61st Street.

There will be a total of seven duplexes in 520 Park Avenue with over 9,000 square feet each and starting at $67 million. Twenty-three single-floor units will make up the rest of the building's condos and will be priced at a more modest $16.2 million with 4,600 square feet, according to the company press release.

The building itself will also have plenty of amenities, including a swimming pool, bi-level health and fitness center, sauna, children’s playroom, and screening room.

The $130 million triplex will join the Woolworth Building’s $110 million penthouse and the $118 million trio of penthouse apartments at Battery Park City’s Riz-Carlton residences as some of the most expensive homes ever listed in New York City.

Aside from the exterior, the only other rendering available shows what the building’s pool will look like.

520 PARK AVE pool

See a few pictures of the exterior and interior of RAMSA's 15 Central Park West below to get an idea of the luxuries that may await at 520 Park.

15 Central Park West is famous for attracting numerous celebrities and power players. The building, left, has numerous setbacks on its upper floors, much like 520 Park will.

15 central park west

Here's the entrance of 15 Central Park West. The limestone is a signature Zeckendorf style.

15 central park west

The pool of 15 Central Park West also has tall ceilings.

15 central park west

The lobby for 15 Central Park West is huge. 520 Park Avenue's lobby will probably be just as gorgeous.

15 central park west


NOW WATCH: America's Most Expensive Hotel Room Costs $45,000 A Night — And It's Non-Negotiable

 

SEE ALSO: THE NEW BILLIONAIRES' ROW: See The Incredible Transformation Of New York's 57th Street

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Meet 12 Unforgettable 'Humans Of New York'

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HONY

It all began when photographer Brandon Stanton lost his bond trading job in Chicago and moved to New York City without much of a plan. Initially, he wanted to create a massive collection of portraits, cataloging a large portion of NYC's inhabitants. Soon, however, he discovered he was much more interested in the individuals and their stories than creating an exhaustive compendium of people. 

So he began the blog Humans of New York, which showcases his portraits, coupled with a poignant quote from the subject. The blog is wildly popular and currently has more likes on Facebook than there are people living in all five boroughs of New York City. In 2013, Stanton published a book of his work and it quickly became a bestseller.

Stanton is currently on a United Nations-commissioned tour to photograph the humans of Africa, the Middle East, and Asia.

Since Stanton's blog has thousands of portraits on it, we did you a favor and compiled his most talked about posts of the last 12 months (using Best of Tumblr), so you can become more acquainted with the humans of New York. 

"What’s your biggest dream for your child?""We’ll let him dream for himself." (New Delhi, India, September 2014)



“She speaks more languages than anyone in the family. Because she plays with all the children in the street.” (Erbil, Iraq, August 2014)



"I found him in the trash. I named him Shadow because he followed me everywhere." (New York City, July 2014)



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The Most Important Things To Consider If You're Trying To Decide Between The iPhone 6 And iPhone 6 Plus (AAPL)

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iPhone 6 and iPhone 6 Plus

If you're ready to buy a new iPhone, you have a big choice: iPhone 6 or iPhone 6 Plus?

It seems like most people are buying the iPhone 6. But if you find yourself debating between the two devices, here's a quick look at the most important differences between them.

It's not just about size, either.

Let's start with the obvious. The iPhone 6 has a 4.7-inch screen. The iPhone 6 Plus has a 5.5-inch screen. Both are much larger than the 4-inch iPhone 5S.



Depending on what kind of pants you wear, the iPhone 6 Plus may stick out of your jeans pocket.



The iPhone 6 fits perfectly in most pockets.



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The Anatomy Of America's Finances In 10 Charts

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components of the total increase in outlays

"Thanks to the cost of two wars (Afghanistan and Iraq), and the tab associated with one of the largest financial crises in U.S. history, juxtaposed against soaring entitlement programs, the financial health of Uncle Sam is rather murky and somewhat confusing,"US Trust's Joseph Quinlin writes.

Quinlin and his team just released a report titled "The Financial Anatomy of the United States in 10 Exhibits" addressing the positives and negatives of the US financial anatomy.

On the positive side, the deficit has been shrinking.

On the negative side, mandatory spending on Medicaid and Medicare are on an unsustainable explosive path.

And that's just skimming the surface.

The US government spends more than it brings in.

In the last 40 years, the government outlays as a percentage of GDP have averaged 20.5% while government revenues as a percentage of GDP have averaged 17.4%.

Outlays are expected to rise 2% in FY 2014 up to $3.5 trillion, and revenues are projected to be around $3 trillion, meaning there will be a deficit of $506 billion.

 

Source: US Trust



Spending on mandatory programs is surging.

In 1970, mandatory spending (on programs such as Social Security, Medicare, Medicaid and other entitlement programs) was 37% of the federal budget. In FY 2013, mandatory spending was up to 68% of the federal budget.

Discretionary spending also has increased since the 1970s, but has declined in FY 2013 by 11% from a 2010 peak "almost entirely due to the drop in defense spending."

 

Source: US Trust



Spending on healthcare is exploding.

From 2000 to 2013 spending on Medicare increased by 170% and spending on Medicaid increased by 125% because of America's aging population and the expanding federal healthcare program.

Federal spending on income security increased by 154% in that same time period.

And for 2014, the CBO expected spending on major health programs to increased by 9%, or $74 billion.

 

Source: US Trust



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Millennials Are Thinking About Their Future — And It Might Be In Suburbia

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suburban neighborhood street

Millennials may be creating the "experience economy" and changing the traditional workplace, but on most measures, they aren't all that different from the generations before them.

Nonprofit think tank The Demand Institute surveyed 1,000 millennial households to find out what, exactly, they expect for their futures. The findings aren't revolutionary — in fact, the plans millennials hold fall right in line with their parents' and grandparents' perceptions of what it means to live the American Dream. 

Here, we've republished the Institute's findings with its permission, in nine slides that shed light on everything from how millennials are feeling about the next five years to how much they're spending on rent.

By 2018, the number of American households headed by millennials will increase by over 60%.



Despite coming of age during the recession, millennials are just as optimistic as any young people who came before them: 79% expect their financial situation to improve.



Five years from now, 64% of millennials expect to be married, and 55% expect to have kids — news that will probably be very welcome to grandparents everywhere.



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Here’s How Samsung Spent Billions Of Dollars To Destroy Apple With Attack Ads (AAPL)

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Samsung Lampoons Apple Fanboys With New Galaxy S II Ad 4Lots of companies have tried to make fun of Apple with its ads, but none have been more successful than Samsung in doing it.

Its Apple-mocking ads are funny, clever, and timely — creating a humorous caricature of the people using Apple products.

It’s hard to quantify exactly how much of these ads have helped Samsung in sales. But there’s no question it’s turned Samsung into a powerful brand that’s now one of the biggest hardware rivals of Apple.

Samsung decided to start attacking Apple after Steve Jobs died in 2011.

Samsung’s internal emails say it was concerned about Jobs’ death creating a lot of good press for Apple, and that Samsung needed a strong ad campaign to take away some of that attention. 



The first Samsung ad to mock Apple was the one for Galaxy S II in November 2011.

It pokes fun at the hipster, Apple fanboys lining up to buy iPhones, portraying them as delusional losers.



It was a high-risk maneuver for Samsung.

Many companies tried mocking Apple, like Motorola in its 2011 ad for the Xoom tablet, but none have really succeeded in backing it up with more than words. Motorola referenced Apple’s famous 1984 Superbowl ad, saying “It’s time for more choices,” but it clearly didn’t translate to more sales.



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