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The 20 Best College Towns In America

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ithaca cornell

When picking a college, a school's location can sometimes be just as important as its academics.

The American Institute of Economic Research has released its latest College Destination Index, which compared college towns around the country based on their academic environment, quality of life, and professional opportunity.

The index separated the destinations by population size. Here we've rounded up the best of the small college towns, all with a population under 250,000.

We've included select statistics about each town; click here to see the full report.

#20 Logan, UT

This mountain town, site of Utah State University, has the lowest average rent of all of the college towns on this list. Its 3.6% unemployment rate is also one of America's lowest.

Student concentration: 153.6 college students per 1,000 people

Average rent for 2-bedroom apartment: $637

Median earnings: $19,389

Source: American Institute for Economic Research



#19 Mankato, MN

Minnesota State University Mankato is the second-largest public university in the state, and the surrounding town has a high number of new residents with college degrees.

Student concentration: 197.6 college students per 1,000 people

Average rent for 2-bedroom apartment: $704

Median earnings: $24,737

Source: American Institute for Economic Research



#18 Binghamton, NY

The upstate New York home of Binghamton University is a new addition to this list this year, and has a high number of international students.

Student concentration: 102.8 college students per 1,000 people

Average rent for 2-bedroom apartment: $692

Median earnings: $26,188

Source: American Institute for Economic Research



See the rest of the story at Business Insider

CITI: Here's What The World's Big Economies Will Do In The Next 4 Years

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colorful chocolates

There's a big divergence going on in the global economy right now.

Growth in the US is picking up as Europe, Japan, and the emerging markets slow.

In its latest monthly Global Economic Outlook and Strategy report, Citi's Willem Buiter and his team downgrade the firm's expectation for global growth after "notable downgrades" to several emerging markets including Brazil, China, and Russia.

"Our global growth forecasts continue to drift down, and we are cutting 0.1 percent off our 2015 forecast this month, and now look for global GDP growth of 2.8% this year and 3.3% for 2015 (at current exchange rates)," Buiter wrote. "This is the second consecutive monthly downgrade to our 2015 growth forecast, while in total we have cut our 2014 forecast by 0.5 percent (from 3.3% to 2.8%) since January."

Buiter's 52-page note offers commentary on every major economy covered by Citi's army of economists. We highlight a few of the viewpoints for 36 major economies in the Americas, Europe, Asia-Pacific, and Africa. We also include GDP growth forecasts through 2018.

The US will see solid growth in the next few quarters.

GDP Growth Forecast

  • 2014: +2.3%
  • 2015: +3.3%
  • 2016: +3.2%
  • 2017: +2.7%
  • 2018: +2.2%

"Improving consumer and business fundamentals, along with supportive financial conditions (including a massive rise in wealth) are pointing to a solid 3 percent (or better) growth in the next few quarters," writes Citi's Peter D'Antonio. "The rebound in growth, especially in private domestic demand, should help drive the unemployment rate below 6 percent later this year."

Source: Citi



Japan's central bank will implement more easing measures.

GDP Growth Forecast

  • 2014: +0.9%
  • 2015: +0.6%
  • 2016: +1.2%
  • 2017: +1.2%
  • 2018: +1.0%

"We expect the BoJ will implement additional easing measures during the period between late October and January 2015," write Citi's Kiichi Murashima and Naoki Iizuka. "Recent sharp yen depreciation, along with the resultant rally in equity markets, has probably reduced the possibility of early easing (say, in late October). We believe that fresh easing in January 2015 — after PM Abe’s official decision to implement the tax hike — is most likely now.

Source: Citi



Germany's consumer confidence is weakening.

GDP Growth Forecast

  • 2014: +1.5%
  • 2015: +1.8%
  • 2016: +2.1%
  • 2017: +1.9%
  • 2018: +1.8%

"German sentiment indicators have continued to weaken and consumer confidence is now also weakening (from a very high level) in response to a string of weak data and external risks," writes Citi's Ebrahim Rahbari. "We currently expect 0.5% QQ Q3 growth, but acknowledge that the strong rebounds in industrial production and exports in July point to the possibility of a higher figure."

Source: Citi



See the rest of the story at Business Insider

18 Photos That Show Why New York City's Waldorf-Astoria Hotel Is So Legendary

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Waldorf Astoria Park Avenue Entrance

The iconic Waldorf-Astoria hotel is being sold to Chinese  insurer Anbang Insurance Group Co. Ltd for about $1.95 billion

The 121-year-old hotel is a landmark in New York City: It has hosted dignitaries, politicians, and world-famous celebrities like Elizabeth Taylor and Princess Grace. It has also served as the home-away-from home for every US President since Herbert Hoover, and has hosted foreign royalty like the Duke and Duchess of Windsor. 

And now it's entering a new chapter, though Hilton will continue to manage the property.

Rooms in the Waldorf begin at $399, while rooms in the Towers begin at $699 for suites and $1,299 for presidential-style suites.

The Waldorf hotel first opened in 1893 on the corner of Fifth Avenue and 33rd Street. A few years later, it joined the nearby Astoria hotel and got the name Waldorf-Astoria, after it's two owners: William Waldorf Astor and John Jacob Astor IV.

Source: Waldorf Astoria



The hotel moved to its current location, on Park Avenue and 50th St., in 1931. When it first opened, President Herbert Hoover said that it was "an event in the advancement of hotels."

Source: Waldorf Astoria



Conrad Hilton bought the hotel in 1949, and Hilton has managed the historic property ever since.



See the rest of the story at Business Insider

The Best New Buildings On The Planet

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The seventh annual World Architecture Festival wrapped up in Singapore last week, and more than two dozen new buildings and planned projects received awards for their innovative design.

The overall winner was a chapel on the outskirts of Ho Chi Minh City, Vietnam, with space for multiple uses that incorporated materials from the owners' previous projects.

Nearly 300 projects made the official 2014 shortlist, and a panel of architecture experts selected the winners across various categories.

BUILDING OF THE YEAR: The Chapel by a21studio, Ho Chi Minh City, Vietnam (also best in civic and community)



BEST SMALL PROJECT: The Pinch by Olivier Ottevaere and John Lin, Department of Architecture at the University of Hong Kong, Yunnan Province, China

 



BEST LANDSCAPE: National Arboretum Canberra by Taylor Cullity Lethlean and Tonkin Zulaikha Greer, Canberra, Australia



See the rest of the story at Business Insider

These Images Show How Terrifying It Is On The Front Lines Of the Fight Against Ebola

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Americans are panicking as the first case of Ebola ever diagnosed on US soil was announced last week.

No one else has been diagnosed in the US, but in the heart of the outbreak in West Africa, tensions continue to mount as Ebola's death toll climbs.

As of Friday, Oct. 3, the virus had claimed nearly 3,500 lives, with thousands more infected, according to the World Health Organization. Health workers are soldiering on in the fight to quell the epidemic, especially in the most severely afflicted areas: Guinea, Sierra Leone, and Liberia.

We've put together a collection of photographs taken from the heart of the Ebola crisis. These images will give you a glimpse into the horror of the disease — and some of the healthcare workers, educators, and volunteers who are fighting to stop it.

As fear mounts and the Ebola death toll continues to climb, there have been reports of relatives leaving infected bodies in the streets. Here, a Liberian woman watches from a window as healthcare workers prepare to collect an abandoned body from a market in Monrovia.

Source: Reuters



Hospitals and Ebola treatment centers are full, and sick patients are often turned away at the door. Others are afraid to even go, worried the overflowing hospitals are worse than any alternative. That's another reason that bodies are sometimes found in public places like this, the victims having presumably collapsed in the street.



Citizens of the hardest-hit countries have been encouraged to contact authorities when someone dies from Ebola. Burial teams in protective suits, like this one, visit the homes of people suspected to have died of Ebola to collect the bodies.



See the rest of the story at Business Insider

Check Out The Amazing Buildings Designed By Foster + Partners, The Firm Designing Apple's New HQ (AAPL)

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Apple Campus 2

Apple is working on a new headquarters in Cupertino, California, with Foster + Partners, a British design firm.

In fact, we got a construction update on Apple Campus 2 on Monday. Apple anticipates the new building to be ready by the end of 2016.

As you might expect, Apple doesn't partner with a design firm haphazardly. Foster + Partners has a history of innovative design projects. 

The London-based firm has received over 620 awards and has won over 100 competitions. 

In 1971, Foster + Partners designed this office for IBM in Cosham, UK.



In 1982 the firm completed this sprawling Renault distribution center in Swindon, UK.



Foster + Partners finished Century Tower in Tokyo in 1991. This is what it looks like inside.



See the rest of the story at Business Insider

All Of Russia Is Snapping Up Putin-Themed Sweatshirts On His Birthday

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Putin Shirt 1While Russian president Vladamir Putin celebrates his 62nd birthday with a trip to the Siberian forests, Russian designers our honoring their leader's big day with a new collection of sweatshirts featuring images of the president in sunglasses. 

A collection of Putin T-shirts were launched in the summer, but now Russians have a warmer version to add to their wardrobe. 

Souvenirs and slogans featuring the Russian president have become hot items this year, according to the Associated Press. 

The sweatshirt shows a "spy-version" of the president wearing a pair of sunglasses.



A costumer shows appreciation for his beloved President.



People queue to buy Putin-themed shirts at GUM, the state department store on the Red Square in Moscow.



See the rest of the story at Business Insider

The 22 Most Successful Yale Alumni Of All Time

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Lupita Nyong'o polo

Founded in 1701, Yale University continues to be one of the top universities not just in the U.S., but in the world.

And its reputation is only enriched by the famous and successful people who come out of this Ivy League institution. 

We've put together a list of the most successful Yale alumni ranging from Revolutionary War patriot Nathan Hale to Academy Award-winning actress Lupita Nyong'o.

Former President Bill Clinton graduated from Yale Law in 1973 with his then-girlfriend Hillary Rodham Clinton. He's returned to his alma mater many times to address current students.

Source: The Yale Daily News



Hillary Rodham Clinton graduated Yale Law in 1973. Since then she's served as senator of New York and Secretary of State under the Obama administration. Like her husband, she's still connected to the university.

Source: Yale Law



After earning his B.A. from Yale in 2003, Ben Silbermann went on to co-found Pinterest, a company now worth $5 billion. Silbermann originally entered Yale thinking he would pursue a pre-med track.

Source: TIME, The Guardian,Wikipedia



See the rest of the story at Business Insider

12 Reasons Why Ithaca, New York Is The Best College Town In America

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ithaca cornell

The American Institute of Economic Research released its annual list of the best college towns in the country this week — naming Ithaca, New York as the best destination for students.

Ithaca is home to both Cornell University and Ithaca College, and is truly a welcoming and comfortable setting for students. As a former four-year resident of the town, I could not agree more with the AIER's findings (I graduated from Cornell last year).

Based on my own experiences, Ithaca is the perfect mixture of giving students everything they would want in a college experience and offering seemingly endless opportunities to explore a unique local culture.

"Ithaca Is Gorges."

It's the most cliched line anyone has ever said about the city, but it's also true — Ithaca's gorges are gorgeous, as is much of the surrounding area.

The gorges, waterfalls, and green hills of Ithaca not only make great scenery, but also give the local area a cool calling card and a fun place to explore — just make sure you're staying safe.



Students basically make up half the population.

Ithaca is home to two major colleges — Cornell University and Ithaca College — which bring more than 20,000 to the city when school is in session, almost doubling the local population.

The young average age helps reinforce the feel of Ithaca as a college-centric city, and makes it more comfortable and fun to socialize.



Its bar scene and nightlife are tailored to college living.

To be blunt, one of the most important aspects of any college town is the local nightlife — and Ithaca has a great, student-oriented bar scene.

Many of the bars are centered around Cornell's off-campus area known as "Collegetown," but there's also a thriving downtown at the Ithaca Commons.



See the rest of the story at Business Insider

A Hedge Fund Put Out A Massive Presentation About Why A Wireless Company Is Going To $0 (GSAT)

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Globalstar GSAT presentation_000003

The hedge fund Kerrisdale Capital says shares of the data communications company Globalstar are worth $0.

In a lengthy research report, accompanied by a long slideshow presentation, Kerrisdale argues that Globalstar's $4 billion valuation overstates the company's value by, well, $4 billion. 

In its report, Kerrisdale writes that Globalstar is "the fourth-largest player in the slow-growing mobile satellite services market, GSAT uses its constellation of low-Earth-orbit satellites to offer basic mobile voice and data services in remote areas of the planet ... Since emerging from bankruptcy in 2004, it has racked up cumulative operating losses of $463 million, increased its share count by a factor of 13, been de-listed from the NASDAQ in 2012, defaulted on its debt in 2013, and put itself on a path to violate its financial covenants again in the near future."

In morning trade on Tuesday, shares of Globalstar were trading near $2.30. 

Matt Levine over at Bloomberg View had some thoughts on Kerrisdale's presentation, namely regarding the legality of the fund dropping hints last week about the presentation before it actually made it public. Levine also gets at the similarities between Kerrisdale's ambitions with this presentation and those of Pershing Square's Bill Ackman.

You should just read Levine's piece

But as far as the actual presentation is concerned, Kerrisdale's basic argument is not only that is the financial situation in which Globalstar finds itself a bit precarious, but that the whole business model Globalstar bulls are betting will work isn't going to work. At all. Ever. 

At any rate, there is a lot of reading material that goes along with this, and Kerrisdale is hosting a conference call to discuss the position on Tuesday at 1:30 p.m. ET.

Kerrisdale Globalstar Presentation



Kerrisdale Globalstar Presentation



Kerrisdale Globalstar Presentation



See the rest of the story at Business Insider

45 Gorgeous Vintage Photos Of Macau From Before It Became A Gambling Mecca

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demery macauMacau is the world's gambling Mecca — a place that exploded from nothing at the end of the 1990s, to averaging 19% growth for the last decade.

That is nothing short of wild success.

But now it seems the island's fortunes are turning. A corruption crackdown and a massive heist have slowed the flow of high-rollers onto the island.

Moreover, the Chinese economy is slowing across the board as the government sticks to its commitment to tighten monetary policy. All of this is making it harder for middle class gamblers to spend on games of Baccarat.

Wells Fargo analysts expect Macau to post a 20%-23% year over year decline in casino revenue for October. That's worse than the decline in revenue experienced during 2009, while the financial crisis was rocking the globe.

All of that said, Macau is still one of the world's most amazing growth stories. It is no small thing that what was once a sleepy Portuguese colony jas turned into the world's gambling center of sin.

In the summer of 1980, Leroy W. Demery, Jr., an expert in Asian transportation, visited the country (then still a Portuguese protectorate) and documented his journey. 

He posted his copyrighted photo collection to flickr, and with his kind permission we have reproduced the snapshots here.

Click here to see the photos >

Here is his introduction to the collection:

I traveled by overnight ferry from Hong Kong to Macao, spent the day (1980 July 16) in Macao, then returned to Hong Kong by overnight ferry.

"Overnight ferry" for a 60 km distance?

Yes, one boarded the vessel about 10 p.m. The fare included a bunk in an air-conditioned dormitory - "Spartan" but very comfortable. The vessel sailed after midnight and certainly arrived within 3-4 hours. Passengers were awakened at about 6 a.m., as I remember.

Yes, catamarans and jetfoils were much faster, but fares were higher, and the overnight ferry permitted one to save the cost of overnight accommodation.

Macao, in 1980, was quiet. Very quiet. It had a distinct "small town" atmosphere that contrasted sharply with the Central District of nearby Hong Kong. Much has changed since then. Remarkably, the land area has nearly doubled, from about 16 square km to nearly 29 square km. Many of the images in this set are certainly "vanished scenes."

I regret that do not have a 1980 street map of Macao, and so am not able to locate some of these images.

Anyway, read on to take the journey to Old Macau.

(Rob Wile contributed to an early version of this report)

Just to get you started, here's what Macau looks like today.



And here's what it looked like back in the day. This is Leal Senado, legislative seat during Portuguese rule, now home to the Institute of Civic and Municipal Affairs.



This section of the harbor is now reclaimed land, Demery says.



See the rest of the story at Business Insider

This Is What It's Like Behind The Scenes When The World's Leaders Meet At The UN

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UN GA HALL

Last week, the United Nations wrapped up its annual General Assembly, a meeting where the world's leaders head to Manhattan to discuss key global issues.

Business Insider was there and, along with the speeches, we documented what happens behind the scenes at the GA including hidden art exhibits, odd souvenirs, and the surprisingly bad food offered to some of the world's most powerful people. 

The UN has a college-style cafeteria for staff and delegates. Each week, there is a "featured cuisine." During the first week of the GA, it was "Flavors of Italia."



This is what "Flavors of Italia" looks like in the UN cafeteria.



Even though it was Italian week, the UN cafeteria was stocked with pre-made sushi.



See the rest of the story at Business Insider

NFL POWER RANKINGS: Where Every Team Stands Going Into Week 6

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colin kaepernick

With almost one-third of the NFL season in the books, there are three clear-cut favorites at the top of the power rankings.

Below that, though, is a crapshoot.

Teams No. 4 through No. 14 are more or less interchangeable.

Elsewhere in the rankings, the Falcons continued to tumble and the Browns climbed.

1. Seattle Seahawks (previously: 1st)

Record: 3-1

Week 5 result: 27-17 win over Washington

One thing to know: On a team with no obvious weaknesses, the offensive line might be something to watch. They had two key penalties that negated touchdowns in Week 5.



2. Denver Broncos (previously: 2nd)

Record: 3-1

Week 5 result: 41-20 win over Arizona

One thing to know: What do we make of the sluggish rushing offense? Denver hasn't broken 100 yards rushing since Week 1.



3. San Diego Chargers (previously: 4th)

Record: 4-1

Week 5 result: 31-0 win over New York Jets

One thing to know: Phillip Rivers is down to the fourth-string center, and he's still putting up MVP-type numbers.



See the rest of the story at Business Insider

The 15 Coolest Airline Paint Jobs In the World

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British Airways Airbus A380-800

As airlines and airplanes have evolved, so have their "liveries"— the exterior designs, including paint colors and logos, on the aircraft.

As planes crisscross the globe, their exterior graphics not only represent the companies that operate them, but in many instances also serve as visual ambassadors for their respective homelands.

A great airline livery gives onlookers a taste of a carrier's values or its culture's ethos in an attractive and effective color scheme.

Airlines like Southwest, Spirit, and American have recently updated their liveries, with mixed results.

Others have hit home runs. Here's a selection of 15 airline exterior designs that look simply amazing.

15. Air Malta: The national airline of the small Mediterranean island nation recently revamped its livery to feature the Maltese Cross prominently on the tail and wingtips.



14. China Southern Airlines: Based out its hub in the city of Guangzhou, China Southern is the country's largest airline. Its elegant exterior design features a combination of multiple hues of blue with its tail dominated by a brilliant red kapok flower.



13. Asiana: The Seoul, Korea-based airline may not have the eye-catching turquoise paint scheme of its rival — Korean Air — but its simple yet elegant design depicting a blossoming flower is still one of the best around.



See the rest of the story at Business Insider

This Is The Video Game That's Bringing In Millions Of Dollars For Disney

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Iron Man on Disney Infinity base

Disney Interactive has seen massive growth in the past year. 

Revenue was up 45% to $266 million for the third quarter this year. And its operating income in Q3 was up to $29 million, compared with a loss of $58 million last year. The company predicts it will soon become a billion-dollar business. 

And that's all thanks to one game: "Disney Infinity."

"Disney Infinity" is an interactive open-world game, where you buy figures that then connect to the game and interact with each other.

Each Disney movie that comes out is a potential goldmine: A starter pack, which includes the game, base, and some figurines, costs around $70. Then there are play sets you can buy, which have a couple different characters. Those cost around $30. And individual figurines cost around $15. 

The next generation of the game, "Disney Infinity 2.0: Marvel Super Heroes," just came out. It brings together Captain America, Iron Man, Spider-Man, and others, as well as Disney originals, like Maleficent from the live-action movie, and Merida from the Pixar film "Brave."

This is a starter pack, starring some of "The Avengers" characters. It'll set you back around $70.



Inside you'll find the game disc, a base, Iron Man, Thor, and Black Widow, a clear plastic model of Avengers Tower (called a play set piece), and a poster of all the figures you can collect.



The figures use near field communication (NFC) to interact with the base and the game.



See the rest of the story at Business Insider

Wall Street's Thrill Seekers Spend Winter At This Montana Mountain Resort Where A Spot Can Cost Up To $26 Million

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It is well known that Wall Street heads to the Hamptons during the summer, but during the winter the most thrill-seeking of the financial set head to Montana's Yellowstone Club, a 13,600 acre private resort community in the Rocky Mountains.

There they can enjoy anything from mountain golf and fly fishing during the summer, to skiing and snow mobiling in the winter.

golf gif

"The golf course there is truly spectacular," said Dynasty Financial Partners CEO Shirl Penney.

It should be, as it was designed by professional golfer Tom Weiskopf.

To join the Yellowstone Club you have to buy property on the grounds, which can cost anything from $2 million for a lot of property to $26 million for a full ranch. If you don't buy a house, you can stay at the clubhouse. All of this also grants you access to more skiing at neighboring Big Sky Resort and puts you in close proximity to Yellowstone National Park.

And while some members may want to enjoy a leisurely hike or go on a snowmobile tour or two, others are looking for something with a bit more of an adrenaline rush.

"We've had some pretty extreme athletes here," said Hans Williamson, the club's General Manager. 

These are the folks who go careening down black diamond slopes, who consider gladed skiing a form of relaxation. These are the people who leave the property to go on back country adventures with trained guides — starting early in the morning and returning after the sun has set.

resort gif

For them, the Yellowstone Club has a full Outdoor Pursuits program of mountain adventures. Some members even insist on designing their own day trips.

"We've had two members ski down to a lake, repel down a waterfall, and then ice climb on the way back up," said  Williamson.

In the summer those same adventurers might take a 22-mile trail — mountain biking to the wilderness, then bushwhacking to the base of a mountain, and then taking the 6,000 foot climb up and back.

That should get you a little pumped up, no?

And then are the competitive ski events mostly led by the Club's ambassador, extreme skiing champion Scot Schmidt.

 "We name our king of the mountain with a pretty extreme race," said Williamson. "The race was designed by last year's winner."

Of course, it's important to remember that this is a luxury resort, so besides the Wall Street crowd you may see some interesting people with some interesting gear on the slopes.

OSBE helmetProfessional golfer Phil Mickelson shipped a bunch of $800 OSBE Italian leather ski helmets to the Club for the season last year. The luxury brand is catching on because of its sleek look — and because it allows wearers to plug their phones into the helmet's built in speaker and stay in communication while on the slopes.

That's ideal for the skier or snowboarder who is trying to conquer the mountain while keeping tabs on family members around to resort. Or — in the case of the busy Wall Streeter — it's ideal for keeping tabs on the market. 

You'll need to know if it's heading downhill as quickly as you are.

Join the conversation about this story »

9 Books That Elon Musk Thinks Everyone Should Read

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Elon MuskWhen people ask Elon Musk how he learned to build rockets, he has a simple answer.

"I read books,"he reportedly likes to say

Musk — who was smart enough to get into a physics Ph.D. program at Stanford University and then drop out because it didn't seem that relevant to him — has always been hungry for the written word.

In its profile of the Tesla and SpaceX CEO, the New Yorker observed that he was picked on a lot during his South African childhood, and he would retreat into fantasy (J.R.R. Tolkien) and science fiction (Isaac Asimov) to cope. 

As we'll see in the following slides, books have always been important to Musk: inspiring him as a child, giving him heroes as a young adult, and helping him to learn rocket science while launching SpaceX. 

'The Lord of the Rings' by J.R.R. Tolkien

Musk had a nickname when he was a shrimpy, smart-mouthed kid growing up in South Africa: Muskrat.

The New Yorker reports that "in his loneliness, he read a lot of fantasy and science fiction." 

Those books — notably 'The Lord of the Rings' by J.R.R. Tolkien — shaped his vision for his future self. 

"The heroes of the books I read always felt a duty to save the world,"he told the New Yorker

Buy it here >>



'The Hitchhiker's Guide to the Galaxy' by Douglas Adams

Musk says that he had an "existential crisis" when he was between the ages of 12 and 15, burrowing into Friedrich Nietzsche, Arthur Schopenhauer, and other moody philosophers to find the meaning of life. 

It didn't help.

Then he came upon "The Hitchhiker's Guide to the Galaxy," a comic interstellar romp by Douglas Adams. In the book a supercomputer finds that "answer" to a meaningful life is the number 42 — but the question was never figured out. 

This was instructive to a young Musk.

"If you can properly phrase the question, then the answer is the easy part,"Musk said in an interview. "So, to the degree that we can better understand the universe, then we can better know what questions to ask." 

Buy it here >>



'Benjamin Franklin: An American Life' by Walter Isaacson

Musk has said that Ben Franklin is one of his heroes.

In his biography, "you can see how [Franklin] was an entrepreneur,"Musk says in an interview with Foundation. "He was an entrepreneur. He started from nothing. He was just a runaway kid."

Something about that is similar to Musk's own story — growing up in Pretoria, South Africa, going to school in Canada, transferring to the University of Pennsylvania, then using a Stanford University Ph.D. to land in Silicon Valley. 

Musk's review: "Franklin's pretty awesome," he says. 

Buy it here >>



See the rest of the story at Business Insider

Declassified Photos Show The US's Final Preparations For The Nuclear Attacks On Hiroshima And Nagasaki

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atomic bomb

On August 6th and 9th of 1945, the United States dropped atomic bombs over the Japanese cities of Hiroshima and Nagasaki, causing significant death and destruction in both areas. To this day, the bombings remain history's only acts of nuclear warfare.

Many things are known about the sequence of events leading up to the dropping of the bombs, known as "Little Boy" and "Fat Man," which were loaded onto airplanes on the North Field airbase on Tinian Island, part of the Northern Mariana Islands to the south of Japan.

Until recently, though, few photographs were available documenting the final preparations before the bombings. But newly declassified pictures shed additional light on the hours leading up to the nuclear attacks, showing how and where the bombs were loaded.

These chilling photos show us what it was like to prepare for one of the most important moments in modern history.

(First seen on AlternativeWars.com)

Soldiers check the casings on the "Fat Man" atomic bomb. Multiple test bombs were created on Tinian Island. All were roughly identical to an operational bomb, even though they lacked the necessary equipment to detonate.



On the left, geophysicist and Manhattan Project participant Francis Birch marks the bomb unit that would become "Little Boy" while Norman Ramsey, who would later win the Nobel Prize in Physics, looks on.



A technician applies sealant and putty to the crevices of "Fat Man," a final preparation to make sure the environment inside the bomb would be stable enough to create a full impact once it detonated.



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GOLDMAN: These Are The 19 Most Overpriced Stocks In The Market

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landfill, trash, waste, seagulls

The S&P 500 and Dow Jones indexes have hit all-time highs in recent weeks.

According to Goldman Sachs' David Kostin, this five-year old bull market has further to run.

But even Kostin and his team believe some stocks are trading way above fair value.

In his new quarterly chartbook, Kostin lists 40 stocks that are the most overpriced in the market relative to Goldman Sachs analysts' price targets. 

Tech companies dominate this list.

What follows are the 19 stocks that Kostin says have at least a 15% downside relative to their recent prices.

19. Micron Technology

Ticker: MU

Price as of Sept. 30: $34.26

Downside to target: 15.4%

Comment: "Revenues for the fourth quarter of fiscal 2014 were $4.23 billion and were 6 percent higher compared to the third quarter of fiscal 2014 and 49 percent higher compared to the fourth quarter of fiscal 2013,"Micron noted in its fourth-quarter earnings statement.

Source: Goldman Sachs



18. Clorox Co.

Ticker: CLX

Price as of Sept. 30: $96.04

Downside to target: 15.7%

Comment: In September, Clorox discontinued its operation in Venezuela after government restrictions made its business there unprofitable.

Source: Goldman Sachs



17. Campbell Soup

Ticker: CPB

Price as of Sept. 30: $42.73

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Comment: Last month, the company launched a brand of ready-to-use soups called "Campbell's Soups for Easy Cooking", which it calls the "perfect secret weapon for today’s busy parents."

Source: Goldman Sachs



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A Company In Japan Invented A Jumpsuit That Doubles As A Futon

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wearablebed

A Tokyo-based office supply company has solved the problem every adult has had since preschool: where to take a nap during the day.

The company, King Jim, created a product called the Wearable Futon Air Mat Set that will let you nap whenever and wherever you want.

Spotted on The Daily Mail, it's essentially a padded suit made out of nylon, polyester, and polyethylene that doubles as a blanket. The outfit also includes a separate air mattress with pump. 

japanese king jim futon wearable bedThe suit itself resembles a big puffy onesie coat. It's one-size-fits-all and highly customizable — the legs and arms fold up and it can also become looser or tighter in the neck.

And when you're sick of wearing the bizarre outfit, it all rolls up into a blue bag that you can carry around with you.

wearable futon bed japanAsian breaking news website RocketNews24 believes the invention could be used to help workers who sometimes have to sleep at the office, something that apparently is not uncommon in Japan, according to The Guardian. That at least would explain why the futon mat set is being sold through an office supply company.

Commenters on RocketNews24 also pointed out these might be handy in the case of natural disasters, too.

The whole set retails for about $40 (¥4,500) and is only sold in Japan. Sounds like a small price to pay to sleep wherever you want.

SEE ALSO: 15 People Who Are Living The Dream

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