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6 things Elon Musk has revealed about the next top-secret Tesla

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elon muskTesla Motors CEO Elon Musk is keeping everybody on the edge of their seats these days. 

Earlier this week, new details about Tesla’s soon to be delivered Model X emerged and on Wednesday Musk tweeted some updates about Tesla’s next all-electric vehicle, the Model 3.

While we don’t know a lot about the Model 3, we do know it will be huge for Tesla because it will be its first mass market car.

In short, the vehicle will be more affordable, which means that a lot more people will be able to buy it.

Here’s a look at everything Musk has revealed so far about his company's next all-electric sedan. 

It will cost $35,000

Elon Musk revealed in July 2014 that Tesla Motors would begin selling a mass market car priced around $35,000. On Wednesday he confirmed that price point and shared when he would finally reveal the new car. 



You can order it in March 2016

Musk revealed in a tweet on Wednesday that Tesla plans to unveil the Model 3 next March. Tesla fans will also be able to pre-order the vehicle then. Like other Tesla pre-orders, customers will likely have to put down a deposit for the car.



Tesla will begin making the Model 3 in 2017

The company will begin manufacturing the vehicles two years from now in 2017. This means that it will likely begin delivering the cars shortly after. However, Tesla is known for having to push back anticipated delivery dates, so when they finally give an exact date, know that it could be later.



See the rest of the story at Business Insider

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How 10 successful people spent their first major paycheck

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Mark Cuban

Your first paycheck is an exciting and motivating thing — it gives you the sense of accomplishment and fuels your drive to succeed. How you spend your paycheck is an entirely different matter.

But have you ever wondered how some of the world's richest people spent their first paychecks? Read on to find out what Warren Buffett, Mark Cuban, and other successful millionaires spent their first paychecks on.

SEE ALSO: 6 things 'Shark Tank' investor Kevin O'Leary says you should do with your money

1. Warren Buffett: his first stock

Investor extraordinaire Buffett got an earlier start on his wealth than most. He had already bought his first stock by 11 years old, and he was a newspaper delivery boy who was able to make $175 a month.

Buffett's net worth is an estimated $67.3 billion, according to Forbes, placing him among the three richest people in the world.



2. Mark Wahlberg: a Mercedes

Early on in Wahlberg's entertainment career, he splurged on a new car. "I spent it all on the Mercedes-Benz — and didn't have money for registration, insurance, or gas," he said, according to MadameNoire.com

After gaining success in the music, film, and food industries, he is worth a cool $225 million, according to Celebrity Net Worth. The actor came in at No. 10 on Forbes' list of the world's highest-paid actors of 2015.



3. Mark Cuban: a pair of basketball shoes

Cuban, billionaire owner of the Dallas Mavericks, started making money at age 12 by selling garbage bags door-to-door. He wanted a pair of basketball shoes, but his father told him that if he wanted them he would have to make money and buy them himself, according to DaveRamsey.com.

The young Cuban did just that and never quite slowed down. He is now worth an estimated $3 billion.



See the rest of the story at Business Insider

A financial planner ranks your debts from most to least urgent

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woman looking at house

Most of us would like to be free of debt.

That's why stories of regular people paying off thousands are so inspiring: If they can do it, maybe we can, too.

However, before setting our sights on completely paying off our mortgage or eliminating every cent of our student loans years ahead of schedule, it's important to meet any other debts that might take priority, explains certified financial planner and certified public accountant Jordan Niefeld from Raymond James Financial.

"Choosing to pay off the wrong debt may be very costly," he explains. You should always be making at least minimum payments on your debts, so before committing your cash to make extra payments on a single debt, here — listed from most to least urgent — are the debts Niefeld recommends making sure you can cover.

SEE ALSO: Financial planners share the smartest decisions they've seen clients make with their money

1. Housing costs

If you have a mortgage, Niefeld says, that should be your first priority. This includes second mortgages or home equity loans. "If you fall behind, you will not only ruin your credit, but your bank may be able to foreclose," he explains. "Foreclosures really lower your score up to seven years by almost 200 points. It's difficult, if you default, to try to take out any loan going forward — even trying to rent a home. It's a very nasty, negative thing to have on your credit."



2. Property taxes and insurance

Housing costs include your property taxes and insurance. "If you don't pay your property taxes, there will be tax liens and [the taxing authority] can come after you," says Niefeld. "Even if the taxing authority takes possession of your home, you're still going to owe the mortgage. Bottom line: Always maintain your property tax. That includes homeowner's insurance — if you default, they just add it to the mortgage anyway."



3. Other secured debt, such as auto loans

A secured debt is one where the lender issues some type of collateral, like a car (or house), as opposed to unsecured debt based on the borrower's agreement to repay, like credit card debt. Niefeld explains that secured debts should take priority over unsecured debts.

For instance, with an auto loan, enough missed debt payments could lead to your car being repossessed. That could have a significant impact on your ability to maintain an income and meet your debt obligations. "If you're using your vehicle to go to work, you need to make sure you can get to work," he says. "You will not have a car because they will repossess it. Know the difference between secured and unsecured debt."



See the rest of the story at Business Insider

We tried to put the new 'Star Wars' droid to work and the results were hilarious

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bb-8 in a meeting

Today, Sphero unveiled its BB-8, the $149.99 take-home version of the droid that's poised to take the world by storm when "Star Wars: The Force Awakens" hits theaters in December.

Sphero chief creative officer Rob Maigret told Business Insider that BB-8 is the most "droid-like" home robot ever.

Part of what makes a droid a droid, Maigret says, is that they have a job and a purpose — C-3PO is a translator, R2-D2 is an astromech navigator for X-Wing fighters, and so on.

To put that to the test, BI decided to put BB-8 to work as our new intern in our San Francisco office.

BB-8 doesn't have a lot of journalism experience, and he's a little behind on the news, given that his last adventure was a long time ago in a galaxy far, far away. But he's got a lot of personality.

Here's how it went — and remember, if you want to work with BB-8 and the rest of the crew, Business Insider is hiring.

Special thanks to Biz Carson, who helped take these photos.

SEE ALSO: Google's stylish new Wi-Fi router is amazing — but not worth $199

BB-8 came to us in this box, made to look like a droid shipping container from across the galaxy.



Inside the box, BB-8 looks like he's sleeping. But enough naptime, little guy. Time to get to work!



Like a lot of interns, BB-8 needs a little direction. Fortunately, he has an iPhone/Android app that lets you steer him the right way.

RAW Embed

 



See the rest of the story at Business Insider

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The 8 best restaurants in Monaco

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alain_ducase

According to half-Italian, half-French Alexis Nicosia, Monaco is a place where the ticking of time is rhythmic pleasure.

He called Monaco home for a few years and, on his 18th birthday, opened his first restaurant, Gia Café, located at Le Quai Des Princes.

He watched as tourists and locals alike would sit for lunch and keep the same spot until dinnertime. Sitting and sipping seems to be the perfect way to spend a lovely afternoon in Monaco.

Nicosia went on to open a second restaurant in Monaco and although now he lives in Singapore, he continues his F&B ventures in the Lion City by running Oyster Bar and Copper Restaurant

He provides us with some insider tips as to the best places to see and be seen in sunny Monaco — from Michelin-starred restaurants to trendy or traditional brasserie-like cafes, offering tastes of French, Italian, fusion and even Asian fares.

SEE ALSO: 40 incredible restaurants you should eat at in your lifetime

SEE ALSO: Two tricks Europeans use to find great, everyday wines for cheap

Blue Bay at Monte-Carlo Bay Hôtel & Resort

This is a splendid restaurant that overlooks the Mediterranean. It is cool and breezy in the evenings, plus the dishes put up by chef Marcel Ravin are delicious as he combines his West Indian roots with muses from the Mediterranean land and sea.

The gourmet restaurant also boasts a Michelin star thanks to the chef’s inventive culinary style. To go on an epicurean adventure, diners should try the green papaya spaghetti in truffle carbonara and duckling flavored with spicy cocoa served with roasted peach and yam panisse. A five-course meal is priced at €108 per person.

40 Avenue Princesse Grace, MC 98000 Monaco; tel: +377 98 06 03 63

www.montecarlosbm.com



Alain Ducasse à l’Hôtel de Paris

This famous restaurant reopened last April after three months of renovation and was previously named Le Louis XV — Alain Ducasse. Service has always been impeccable and the new design adds to the rigorous yet warm harmony of banquet space.

The restaurant also now features a fresh menu created by chef Dominique Lory and Alain Ducasse. Regional authenticity, stunning produce and fundamental riviera flavors are still the recipe of choice that makes this restaurant worth revisiting. Guests can sample unique bread made from truffle wheat; along with main courses such as French beef cooked in the fire place served with aubergine and tender onions; or Mediterranean sea bass with fennel and local citrus. A gourmet menu of four half dishes selected by the chef, cheeses and dessert is priced at €310 per person.

Place du Casino, MC 98000 Monaco; tel: +377 98 06 88 64

www.alain-ducasse.com



Le Vistamar at Hôtel Hermitage

Guests should definitely dress in their Sunday best before walking through this exquisite restaurant. Recommended for lunch, it is also best to be seated outside on the terrace for a clear view of the sea and port. Plus, it gets a little chilly indoors but the interior is sophisticated and classy with white linen-covered banquette.

The Michelin-starred restaurant is helmed by chef Joël Garault and offers a seafood-focused menu. Dishes on the menu are inspired by a quote that says ‘one fish, one vegetable, one cooking style’. Choose from the red mullet, seared on its skin, or the gilt-head bream in a salt crust with orange jelly chutney of turnip, flavoured with Yuzu. Two gourmet menus are available, with a fine-featured ingredient of either lobster or truffle, both priced at €130 per person.

Square Beaumarchais, MC 98000 Monaco; tel: +377 98 06 98 98

www.hotelhermitagemontecarlo.com



See the rest of the story at Business Insider

These are the 7 emerging cartels Mexico just recognized

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drugs mexico cartels

Mexico's Attorney General's Office (PGR) has identified seven new criminal organizations that it has identified as cartels for their range of criminal exploits. 

The new organizations are smaller, less entrenched, and are less powerful than the older generation of Mexican cartels which were massive sprawling criminal enterprises.

Instead the new cartels, Insight Crime notes, have largely spawned from mid-ranking members of former Mexican cartels, such as the Zetas. 

Mexico is currently carrying out a "kingpin strategy" against criminal organizations in the country.

The strategy has largely been successful in apprehending the country's top cartel members. However, it has done little to alleviate the underlying conditions which spawned the cartels. As such, the kingpin strategy has done little other than cause the previous Mexican cartels to implode leading to the creation of multiple new criminal organizations. 

We have profiled the seven latest cartels to enter the Mexican criminal scene below. 

"Cartel del Estado" ("The State Cartel")

The State Cartel operates primarily in Michoacana, Mexico. It draws its income from diverse sources, including charging other organizations for the transport of drugs through its territory, local drug dealing, and kidnapping, the PGR notes.

The State first formed as a faction within the now-defunct Familia Michoacana cartel, Insight Crime notes.

The fall of the Familia previously gave rise to a number of gangs, including the Knights Templar cartel.



"Cartel de los Precursores Quimicos" ("The Precursor Chemical Cartel")

The Precursor Chemical Cartel, as its name implies, deals largely with the sourcing and distribution of the precursor chemicals needed for large-scale drug production, PGR writes.

This group's specialization in the dealing of only precursor chemicals is illustrative of the Balkanization of the cartels.

Whereas the larger cartels in Mexico would have previously attempted to control all facets of drug production, the implosion of the cartels has allowed the Precursor Chemical Cartel to flourish.



"Cartel de los Mazatlecos" ("Mazatlecos Cartel")

The Mazatlecos Cartel, Insight Crime notes, was first formed by the crippled Beltran Leyva Organization and the Zetas Cartel as a local gang to attack the Sinaloa Cartel.

The Mazatlecos was largely a local gang in the Mexican state of Sinaloa specifically to disrupt the Sinaloa's operations in their home state.

The Mazatlecos has since grown in power. They're now involved in drug dealing, kidnapping, and extortion. The group also makes use of training camps to prepare its members, and it has large-scale associations with street gangs throughout its areas of operation.



See the rest of the story at Business Insider

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Why millions of people love the 'Metal Gear' franchise

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metal gear solid 5

On September 1, one of the year's most anticipated games launched for the Xbox One, Xbox 360, PlayStation 4, PlayStation 3 and PC: "Metal Gear Solid V: The Phantom Pain."

"MGSV" is the final installment in a franchise that's been running for nearly 30 years and has sold just over 40 million copies, starting with the original "Metal Gear" on the MSX back in 1987. And it's all been helmed by a single man: Hideo Kojima.

What is it that people love so much about the "Metal Gear" franchise, that keeps fans coming back across two decades of games?

Hideo Kojima and his team at Kojima Productions are obsessively committed to the years-long, extremely convoluted plot of the "Metal Gear" series.

The lore of "Metal Gear" stretches back to pre-World War II. It's steeped in many real world events, from the second World War to the Gulf War and beyond. While fantastical in many ways, the world of "Metal Gear" is often a bizarre mirror of our own.

What longtime fans appreciate most is Kojima's dedication to explaining every little detail of the game's world — even when it makes little sense (which is relatively often). Since the events of the series transpire out of order, there's an amazing, fan-powered timeline dedicated to lining up how it all works.



Few franchises make sneaking such a core component.

From its iconic cardboard box to its less iconic use of pornographic magazines, the "Metal Gear" franchise has always placed precedence on sneaking around bad guys over perpetrating physical violence.

Hilariously, newer "Metal Gear" games iterate on the cardboard box in ridiculous ways. In "Metal Gear Solid V: The Phantom Pain," cardboard boxes come in a variety of... distracting types.



Of course, when all else fails, the various iterations of "Snake"— the game's main character/protagonist — are equipped for action.

The series even used a real-world term for its form of combat: "CQC," or "close quarters combat." It's the kind of combat you might associate with the Jason Bourne films, or even modern James Bond films.



See the rest of the story at Business Insider

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'I see a labor market that is looking hotter and hotter' (DIA, SPX, SPY, QQQ, TLT, IWM)

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welder workers masks

Deutsche Bank's Torsten Sløk thinks the labor market is more than strong enough to justify interest rate hikes from the Federal Reserve 

In an email on Wednesday, Sløk writes that he continues to talk to clients who don't believe the US economy is anything other than weak, "not good," or on the verge of recession. But the indicators Sløk is looking at show nothing of the sort. In fact, the opposite. 

Last week, we highlighted charts from Sløk that showed, to him, an economy picking up steam. 

On Wednesday, Sløk turned his focus to the labor market, writing that, "Based on these indicators I would argue that the labor market is already hot and if the Fed delays liftoff further the labor market will be overheated before we get to the neutral fed funds rate, which will only happen in 2017 at the earliest."

The market, for its part, thinks the chances the Fed raises rates in September is about 30%. 

In Sløk's view, though, the Fed needs to act. 

Here are the charts.

SEE ALSO: This doesn't look like a slowing economy to me

"The first chart below shows that it currently takes on average 27 days to fill a vacant job, up from 23 days in 2006."



"The second chart shows that the number of available people per job opening is now below its pre-crisis average."



"The third chart shows that there are now 1.5 unemployed workers per job opening, down from 6 in 2009."



See the rest of the story at Business Insider

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We tried McDonald's answer to Chick-fil-A — here's the verdict

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Buttermilk 2

In terms of fast food, Chik-fil A is considered the ultimate in chicken sandwiches

Company sales have grown 14.4% in the past year. Chick-fil-A has ousted KFC as the nation's largest chicken chain in the country.

Now, McDonald's is taking notice. 

McDonald's recently revamped its poultry offerings, releasing the Artisan Grilled Chicken for wraps and sandwiches, as well as the new Buttermilk Crispy Chicken. 

Made of 100% chicken breast, it's touted as an improvement over their former crispy chicken patties .

Can the new chicken win back customers and take on the rapidly expanding Chik-fil A? 

We tried the new Buttermilk Crispy Chicken Sandwich to find out.  

 

SEE ALSO: McDonald's is releasing a breakfast version of the McWrap

The sandwich looks pretty good in the photos on McDonald's new ordering kiosks - but does the real thing ever really look as appetizing as the photo?



They're clearly pushing this new chicken a lot, plastering the sides of their bags and cups with tales of tender, bold, crispy chicken goodness.



However, it came in a Clubhouse sandwich box - is that right? Oh well.



See the rest of the story at Business Insider

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The 5 most intense risks looming over the global economy right now

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isil supporter

Security and political risks have the potential to upset the global economic status quo.

The likeliness of these risks, however, as well as the degree to which they can shake things up, varies greatly.

Taking that into account, the Economist Intelligence Unit put together a list of the top five "risk scenarios" that "might substantially change the business operating environment over the coming two years."

Scenarios were ranked according to their "risk intensity score"— or the product of the probability of the risk occurring and the impact of that risk. The highest possible score is 25.

Check out the five most intense below.

5. The rising threat of jihadi terrorism destabilizes the global economy

Risk intensity score: 12

The Islamic State holds territory in Syria and Iraq and has been successful in recruiting and motivating individuals. Additionally, the group's decentralized nature allows it to focus on multiple targets — sometimes simultaneously.

"Should this spiral of attacks and counterreprisal escalate, it would no doubt begin to dent consumer and business confidence, which in turn could threaten to end the five-year bull run on the US and European stock markets," according to the report.

Source: EIU



4. Divergence in global monetary policy leads to extreme currency volatility

Risk intensity score: 16

The Federal Reserve is expected to raise rates this year, and investors will be closely watching what happens when it does. In the past, emerging markets sputtered during early stages of US monetary-tightening cycles.

"The countries most vulnerable to the shifting monetary cycle will be those with large fiscal and current-account deficits; those viewed as lacking political and policy credibility; and/or those heavily reliant on commodity exports," according to the report. "In this regard, Turkey, South Africa, Russia, and Venezuela look especially vulnerable."

Source: EIU



3. Russia's intervention in Ukraine escalates, leading to Cold War-era tensions

Risk intensity score: 16

Relations between Russia and the West fell to a post-Cold War low over the past year. More recently, the EU renewed sanctions that were set to expire in July, while Russia — so far — has not taken further retaliatory economic measures. (Though it did start destroying Western food imports.) 

"However, even without trade reprisals, weakening trade ties will continue to damage Russia's economy badly and also contribute to sinking industrial output in central and Eastern Europe," according to the report.

Source: EIU



See the rest of the story at Business Insider

20 of the coolest 'Star Wars' toys coming out Friday

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star wars hasbro force friday toys

Disney is unleashing its new line of "Star Wars" toys and products Friday.

Tech Insider got an early preview of some of Hasbro's anticipated "Star Wars" toys reveals ranging from new lightsabers to "Star Wars"-themed Nerf guns.

We'll be checking out everything hands on Saturday.

For now, here are the ones kids and fans of the series will be clamoring over.

Ever since the release of the first teaser trailer for "Star Wars: The Force Awakens," who hasn't wanted their own three-pronged lightsaber? Hasbro will release two versions of the new villain Kylo Ren's lightsaber. There's this one below, which retails for $12.99, where you flick your wrist and the lightsaber extends outward.

 

 

 



And then there's this slightly more expensive electronic lightsaber for $29.99 which lights up and makes sounds.



If you want to sound like the new member of the dark side, this mask will change your voice to sound just like Ren.



See the rest of the story at Business Insider

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Check out Credit Suisse boss Garrett Curran's plans for a £10 million 'mega mansion' in Kensington

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Pont Street

Credit Suisse's UK CEO wants to combine three flats in London's upmarket Belgravia neighbourhood into one £10 million "mega mansion", the Telegraph reports.

Garrett Curran wants to combine the properties on 34-38 Pont Street, a Grade II listed building, into one "mega mansion" over two floors that will be worth approximately £10 million according to the Telegraph. 

But to get his project pushed through, Curran is also proposing to renovate an old house elsewhere in the same borough — just to keep the council happy.

Kensington and Chelsea council, which oversees the Belgravia property, has a planning rule that forbids changes that will result in the loss of homes.

So Curran's property developers, Savills, are planning to convert the old house in West Kensington into 4 flats to even out the Credit Suisse boss's plans.

The council will decide by October 5 on the plans — check them out below.

Here are the Pont Street properties where the flats Curran wants to combine are. The houses are in a conservation area in one of London's most expensive areas, just a 6-minute walk from Harrods.



The flats Curran wants to combine are spread across the third and fourth floors of the Pont Street properties. Here's what the first floor of the combined flat will look like if it gets approved.



And here's the fourth floor, which as you can see will be much larger.



See the rest of the story at Business Insider

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Avoid these 15 world cities if you want a friendly experience

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red square russia moscow

There is little more disheartening than going on holiday and feeling unwelcome in a city or having no one to turn to when you need some directions. 

Every year, Travel + Leisure asks its readers to rank 266 cities from around the globe based on a number of factors ranging from value for money to friendliness, to its food and culture.

This year, they had 199,652 responses, providing a comprehensive and fascinating insight into travellers' experiences and opinions of cities around the world.

Below are the 15 cities that fared worst in the friendliness stakes. Nine US cities featured in the list, alongside several European and Asian destinations. 

Of course, every city has its pros and cons, its friendly locals and its unfriendly locals, so if you're from one of these cities, it doesn't mean you're unfriendly. 

15) Boston, Massachusetts, USA — This isn't the first time that Boston has had a hard time in the friendliness rankings. A study by the University of Michigan in 2011 crowned it the "unfriendliest city in America."

Source: CBS



14) Frankfurt, Germany — A city's airport is the first impression a tourist gets of their destination, and Frankfurt airport, which is plagued with negative reviews of unfriendly staff, has had a knock-on effect on the reputation of Germany's fifth most populous city.

Source: Trip Advisor



13) Washington D.C., USA — D.C. is one of nine US cities that made the list. One Travel + Leisure reader described it as having “Southern efficiency and Northern charm."— make of that what you will.



See the rest of the story at Business Insider

'I see a labor market that is looking hotter and hotter' (DIA, SPX, SPY, QQQ, TLT, IWM)

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welder workers masks

Deutsche Bank's Torsten Sløk thinks the labor market is more than strong enough to justify interest rate hikes from the Federal Reserve 

In an email on Wednesday, Sløk writes that he continues to talk to clients who don't believe the US economy is anything other than weak, "not good," or on the verge of recession. But the indicators Sløk is looking at show nothing of the sort. In fact, the opposite. 

Last week, we highlighted charts from Sløk that showed, to him, an economy picking up steam. 

On Wednesday, Sløk turned his focus to the labor market, writing that, "Based on these indicators I would argue that the labor market is already hot and if the Fed delays liftoff further the labor market will be overheated before we get to the neutral fed funds rate, which will only happen in 2017 at the earliest."

The market, for its part, thinks the chances the Fed raises rates in September is about 30%. 

In Sløk's view, though, the Fed needs to act. 

Here are the charts.

SEE ALSO: This doesn't look like a slowing economy to me

"The first chart below shows that it currently takes on average 27 days to fill a vacant job, up from 23 days in 2006."



"The second chart shows that the number of available people per job opening is now below its pre-crisis average."



"The third chart shows that there are now 1.5 unemployed workers per job opening, down from 6 in 2009."



See the rest of the story at Business Insider

NOW WATCH: RED EVERYWHERE: It’s a global market meltdown

The freakout over the Lululemon price increase is just the latest episode in its bizarre history (LULU)

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lululemon

Lululemon changed the prices of its iconic women's yoga leggings recently— and customers are freaking out. They think the company is trying to sneak through an unjustified price increase.

Normally, this wouldn't be news. But this is Lululemon, the yoga brand that has created a cult-like customer following to match its cult-like company culture.

The Lululemon's story is just one weird chapter after another.

Did you know the company took its name because the founder believed Japanese people wouldn't be able to pronounce it?

Or that the company once claimed falsely that its pants were made with seaweed?

Here's the complete history of Lululemon, America's weirdest clothing brand.

 

NOW SEE: Inside the 'conspiracy' that forced Dov Charney out of American Apparel

Founder Chip Wilson is an Ayn Rand fan and the company takes its values from Atlas Shrugged.

Late in 2011, the company began printing the phrase "Who is John Galt?" on its shopping bags. Galt, of course, is the star of Rand's "objectivist" novel, "Atlas Shrugged," which argues that the naked pursuit of self-interest should be society's highest ambition. Founder Chip Wilson read the book when he was 18.



Wilson believes the birth-control pill and smoking are responsible for high divorce rates — and the existence of Lululemon itself.

Here's what Wilson says of his company's origins:

"Women’s lives changed immediately [after the pill]. ... Men did not know how to relate to the new female. Thus came the era of divorces.

"With divorce and publicity around equality, women in the 1970′s/80′s found themselves operating as “Power Women.” The media convinced women that they could win at home and be a man’s equal in the business world. Women put in 12 hour work days, attempted to keep a clean and orderly house, and give their children all the love they had pre-divorce. What they gave up however was their social life, exercise, balance, and sleep.

"The 1980′s gave way to Power Women dressing like men in boardroom attire with big shoulder pads. They went to 3 martini lunches and smoked because this is what their “successful” fathers did in the business world.

"Breast cancer also came into prominence in the 1990’s. I suggest this was due to the number of cigarette-smoking Power Women who were on the pill (initial concentrations of hormones in the pill were very high) and taking on the stress previously left to men in the working world.

"Ultimately, Lululemon was formed because female education levels, breast cancer, yoga/athletics and the desire to dress feminine came together all at one time."



Wilson created the name 'Lululemon' because he thinks Japanese people can't say the letter 'L.'

He told Canada's National Post Business Magazine, "It's funny to watch them try and say it," when asked about his views on the Japanese pronunciation of the company's name.

In 2009, he wrote:

It was thought that a Japanese marketing firm would not try to create a North American sounding brand with the letter “L” because the sound does not exist in Japanese phonetics. By including an “L” in the name it was thought the Japanese consumer would find the name innately North American and authentic.

In essence, the name “lululemon” has no roots and means nothing other than it has 3 “L’s” in it.  Nothing more and nothing less.



See the rest of the story at Business Insider

9 crazy festivals where people throw things at each other

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Songkran FestivalThere are a lot of weird festivals out there—but some of the best involve chucking stuff at your friends and strangers.

From the well-known to the obscure, it seems that every country has a tradition from way back involving a massive food fight.

We picked our favorites (and a few we’d never heard of) for the ultimate guide to festivals that are guaranteed to help you let off some steam.

SEE ALSO: 20 popular tourist sites you should see before they disappear

DON'T FORGET: Follow Business Insider's Lifestyle page on Facebook!

1. Holi Festival—India

Also known as the Festival of Colors or the Festival of Love, the ancient Hindu festival signifies the victory of good over evil. The festival, in which participants color each other with brightly dyed powder, encourages “bridging the social gaps and renewing relationships.”

Though primarily celebrated in India at the approach of the spring equinox, Holi has gained such popularity that festivities can be found all over the world.



2. La Tomatina—Bunol, Spain

Each year on the last Wednesday in August, the town of Buñol, Spain is flooded with thousands of people and tomatoes. The precise of beginnings of La Tomatina aren’t quite nailed down.

It began around 1944 and legends include youths throwing tomatoes a bad musician, a protest gone awry, and a good old food fight among friends. Tomatoes must be squashed prior to being thrown and fire trucks are brought in afterwards to wash the streets. La Tomatina festivals can also be found in Sutamarchán, Colombia and Reno, Nevada.



3. The Battle of the Oranges—Ivrea, Italy

The small town of Ivrea, Italy, collects over a million pounds of oranges every year for the Battaglia delle Arance. Translation: Battle of the Oranges, a festival that’s really a highly structured war.

To participate, you have to be part of a team (there are nine for a total of 4,000 competitors), but there’s no cost to watch. Judges determine the winning team. The battle takes place annually, on the Sunday and Monday up until and including Mardi Gras Tuesday.



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These 24 amazing online shows prove you don't need a cable subscription

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unbreakable kimmy schmidt selfie

Streaming is the future.

Cable companies are watching their subscriptions crumble as more and more people switch to life without them.

So it's no coincidence that internet heavyweights like Netflix and Amazon are investing heavily in original content. 

These days the quality of the shows that are being produced entirely for the internet is astounding.

Netflix is still the king of original content, but offerings from Amazon, Hulu, and even Crackle rival those on the best cable networks. 

The following 24 series prove you'll still be able to binge watch to you heart's content if you cancel your cable plan.

SEE ALSO: This is the scariest chart in the history of cable TV

"High Maintenance"

"High Maintenance" is perhaps the most popular web series of all time and has actually been picked up by HBO (though it hasn't aired yet). The show, created by a husband-and-wife team, follows a marijuana delivery guy, called "The Guy," as he rolls around New York City delivering his product.

Run: 2012-present



"Alpha House"

"Alpha House" is a satirical send up of Washington politics, masterminded by Doonesbury cartoonist Garry Trudeau. The show portrays the hijinks of four Republican senators who share a row house in Washington, D.C., and features incredible performances from the likes of John Goodman.

Run: 2013-present



"Orange Is the New Black"

"Orange Is the New Black" is a comedy-drama that follows a blonde 30-something as she tries to navigate a stint in women's prison. The smash hit based on Piper Kerman's memoir "Orange Is the New Black: My Year in a Women's Prison" is Netflix's most watched series and was created by "Weeds" mastermind Jenji Kohan.

Run: 2013-present

 



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15 facts about New York City that will make you think twice about whether you can afford to live there

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NYC Taxi

New York City's energy, dining, and nightlife are pretty much unrivaled.

You're always a subway ride away from a Broadway production, live music, a world-renowned restaurant, or ball game.

Of course, this vibrant city will cost you. It's one of the least affordable cities in the US.

If you're considering heading to the Big Apple, consider these eye-opening facts about the exorbitantly high cost of living:

SEE ALSO: How much it costs for a single person to live in 24 major US cities

The estimated cost of annual necessities for a single person is $43,519 — or $3,627 a month.

Annual necessities include housing, food, transportation, health care, other necessities, and taxes. They do not include savings or discretionary spending.

Source: Economic Policy Institute's 2015 Family Budget Calculator



For a family of four, expect to pay about $98,722 a year for necessities — that's $8,227 per month.

Annual necessities for a four-person family — two adults, two children — include costs of housing, food, child care, transportation, healthcare, other necessities, and taxes. They do not include savings or discretionary spending.

Source: Economic Policy Institute's 2015 Family Budget Calculator



The median home price is a whopping $410,400.

Compare that to the median home price in the US: $188,900.

Source: National Association of Realtors



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This Instagram shows a side of Paris you probably haven't seen before

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Parisian Floors

Turns out, Paris' best-kept secret is right below your feet. 

Photographer Sebastian Erras documents the colorful floors of The City of Light on his popular Instagram (@parisianfloors).

The series started outside of Paris, while Erras was traveling through Morocco. The vibrant country and its elaborate tile floors inspired him to start looking down no matter where he traveled. 

Keep scrolling to see some of our favorite images from the series, along with their locations.

SEE ALSO: 23 awesome photos from the Paris Air Show

Rue de Rivoli



Rue Falguiere



Rue des Abbesses



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The simple secret to getting a Pumpkin Spice Latte before everyone else

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Pumpkin Spice Latte

Starbucks isn't offering Pumpkin Spice Lattes to the general public until Tuesday, Sept. 8 — the day after Labor Day and the unofficial start of fall.

But if you want to spend your Labor Day Weekend sipping PSLs instead of fitting in one last round of summery margaritas, it's as simple as going online, as first pointed out by Cosmopolitan and Us Weekly.

Scroll down for the directions.

1. Go to PSLfanpass.com.

Click here to get there.



2. Enter the password, which is... drum roll, please... "pumpkin."

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3. Under the exquisitely spinning latte, enter your phone number so Starbucks can send you your PSL coupon.

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