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The Bentley Bentayga is the first of a new kind of hyper-luxury SUV

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Bentley Bentayga

After much teasing, Bentley's Bentayga SUV is finally here. The British luxury automaker released official photos of the first off-roader in the company's century-long history this week. The Bentayga will make its official world debut later this month at the 2015 Frankfurt Motor Show.

The Bentayga will join the Continental GT, Flying Spur, and the flagship Mulsanne in its lineup. With luxury SUVs now a must-have for high-end automakers, companies such as Rolls-Royce and Lamborghini have announced plans to jump into the market.

The Bentayga is the first of the three ultra-luxury SUVs to arrive over the next year or so. Bentley chairman Wolfgang Dürheimer told Business Insider earlier this year that the company will build 3,600 Bentaygas in its first year — and that the company has more orders from the US alone.

The 2015 Frankfurt Motor Show will run from September 17 to 27.

SEE ALSO: Rolls-Royce is calling this the 'sexiest' car it has ever built

The Bentley Bentayga is the first SUV to emerge from the hyper-luxury brands of the world.



The Bentayga gets its name of the Roque Bentayga, a rock formation in the Canary Islands.



Together with the Lamborghini Urus and ...



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The 18 most 'miserable' countries in the world

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venezuela protest

It's hard to get by when you don't have a job and the cost of living keeps rising.

This is the maxim behind economist Arthur Okun's "Misery Index," which adds together a country's unemployment and inflation rates. The higher the number, the more "miserable" your country.

There has been criticism of the index. Extensive studies have shown that unemployment influences happiness (or, rather, unhappiness) significantly more than inflation.

Still, few would argue that both unemployment and inflation are bad when they are very high.

In light of that, Business Insider compiled a list of the 18 most miserable countries based on 2014 data available at the CIA World Factbook. Some countries struggle with both high unemployment and inflation, while others have one rate asymmetrically higher than the other.

Some countries are absent from the list because data was either unavailable or outdated.

18. Tunisia

Misery-index score: 20.1

CPI inflation: 4.9%

Unemployment: 15.2%

Tunisia was once called a "success story in Africa and the Middle East, but [today] it faces an array of challenges following the 2011 revolution," according to the CIA Factbook. The government's biggest challenges include reassuring businesses and investors and bringing budget and current-account deficits under control.

Source: CIA Factbook



17. Jamaica

Misery-index score: 20.7%

CPI inflation: 7.1%

Unemployment: 13.6%

Jamaica's economy relies heavily on the services sector, including tourism. Unfortunately, the country suffers from high crime and corruption and a high unemployment — which leads to more crime.

The government is battling a two-headed hydra: On the one hand, it needs to achieve fiscal discipline to maintain debt payments, but on the other hand it wants to confront the serious crime problem.

Source: CIA Factbook



16. Croatia

Misery-index score: 20.8%

CPI inflation: -0.2%

Unemployment: 21%

Croatia is one of the better-off former Yugoslav republics, but the country was hammered by sudden slowdown in 2008 with the financial crisis and never fully recovered. Major long-term problems include uneven regional development, a challenging investment climate, and a "stubbornly" high unemployment rate.

Source: CIA Factbook



See the rest of the story at Business Insider

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The 6 best bottomless brunches in London

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If there’s one thing in life that’s better than brunch then it’s bottomless brunch, especially the morning after the night before.

How do you like your eggs in the morning?" Forget the kiss, we’ll take ours with bottomless Bellinis.

In London, everyone’s favorite mealtime has gone mega and we’re not just talking free coffee refills with your Eggs Royale.

Think boutique hotels, Japanesestyle izakayas, bountiful Bloody Marys, and endless Mimosas: Here are the six best bottomless brunches in London.

SEE ALSO: Everything you need to prepare a restaurant-quality brunch at home

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The City Choice: The South Place Hotel

Whether or not you’re staying at the South Place Hotel, you'll still get the chance to sample its weekend bottomless brunch, served from noon to 4 p.m. Either make your way to its home in the heart of the City or rise late from one of the boutique hotel’s impeccably designed rooms. Eat London cured salmon and scrambled eggs or chorizo sausage and fried duck egg while sipping endless Mimosas.

Price: £22.50 for two courses, plus £15.00 for bottomless drinks



The Hip Choice: Flesh & Buns

Flesh and Buns is one of London’s only bottomless brunches where the food is topped up as quickly as the drinks. Located in a dimly-lit Covent Garden basement, the restaurant serves a range of Japanese comfort food. Fluffy Hirata buns stuffed with various meats are the signature dish, and you’ll need plenty of free-flowing Prosecco to wash them down. You have two hours to eat and drink as much as you wish. Simple.

Price: £39/£45 (depending on choice of menu) includes bottomless drinks



The Leisurely Choice: The Great Exhibition

On top of great beer and live jazz, The Great Exhibition does a mean brunch. But not just any brunch. A typical Saturday at the charming, traditional neighbourhood pub means an excuse to recline with the weekend papers, eat the classic full English breakfast, and consume as much Bloody Mary or Mimosa as you desire. Our kind of start to the weekend…

Price: £20 for one breakfast dish and bottomless drinks

 



See the rest of the story at Business Insider

I went to the US Open free-grounds-admission day — and it was even better than I expected

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For any tennis fan living in New York, the first two weeks of September are the greatest of the year. The world's most elite tennis players come to Queens to compete in the final, most electric Grand Slam of the year: the US Open.

I've attended in the past, but have never lived in New York until this year, meaning I could go mid-week rather than planning a weekend trip around the tournament.

I bought a night-session ticket a month in advance for about $40 — and only later did I find out that the US Open was featuring free-grounds-admission day on the second Thursday of the tournament, a first in Open history.

Grounds admission doesn't grant access into Arthur Ashe Stadium, where the headliners play. The day would mostly feature doubles matches and juniors, and the tennis center would likely be claustrophobically packed with fans. Regardless, I had to capitalize on this freebie.

Having already been to the night session during week one of play and scouted out the grounds, I felt prepared to do this day on the cheap.

I spent $5.50 on transportation and splurged on a $15 souvenir, and it was the farthest $20.50 has ever gone for me.

Here's what I got to see:

SEE ALSO: I spent 2 weeks researching restaurants at every price point before my mom came to visit NYC, and here's where we went

I woke up to dark skies, wet streets, and an inevitable rain delay at the Open, but the ominous weather would end up working in my favor.



With no indoor courts and an incomplete retractable roof over Arthur Ashe Stadium, rain would mean no tennis for the day, but I decided to trek from my home in Manhattan to Queens anyway. I put $5.50 on my Metro Card — enough for a round trip — and headed out around noon.



A little under an hour later, the 7 train dropped me off right at the USTA Billie Jean King National Tennis Center in Queens. Normally, the boardwalk to the courts is packed — but not today.



See the rest of the story at Business Insider

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Here's what a £22 million house on London's 'Billionaires Row' looks like on the inside

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FAIRWAYS_002

Celia Sawyer is a professional businesswoman and interior decorator who remodels expensive houses for the ultra-wealthy, many worth upwards of £10 million ($15 million), through her Channel 4 show "Four Rooms."

One house that the London native worked on is called "Fairways," and right now it's valued at around £22 million ($34 million), according to Glentree.

The property is located on "Billionaires Row" in The Bishops Avenue, North London, in one of the city's most expensive addresses. 

The house measures over 17,000 square feet with eight bedroom suites, an underground leisure complex, a gigantic swimming pool, and a cinema room.

As if that wasn't enough, the garden measures a further 775 square feet with staff quarters (including security posts) and a garage that can house up to four cars. 

Here is what a £22 million house on "Billionaires Row" looks like. 

The front of the house is illuminated at night. The property extends back into a large garden and includes a security booth.



The view from the back of the house looks out into the 775-square-foot landscaped garden, which has been remodelled by Sawyer to be more work-of-art than garden.



Now let's go inside. The entrance has a grand piano and two multi-thousand-pound mirrors.



See the rest of the story at Business Insider

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HOWARD MARKS: These 16 pieces of time-honored investment wisdom are myths

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Howard Marks

"It's not supposed to be easy," Berkshire Hathaway's Charlie Munger says about investing. "Anyone who finds it easy is stupid."

Oaktree Capital's Howard Marks couldn't agree more.

In his new 15-page memo titled "It's Not Easy," Marks unpacks Munger's conclusion.

In his discussion, he considers 16 pieces of market wisdom and rules of thumb that often get thrown around.

And he breaks down just how wrong they are.

"It's a collection of time-honored bromides that range from (a) only effective part of the time to (b) just plain wrong," Marks wrote. "These investment myths are pervasive but of little help. That fact leaves the investor to struggle in a complex, challenging environment."

We've compiled the 16 rules and Marks' critique of each below.

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1. The earning of a profit proves the investor made a good decision.

The Problem: You can't necessarily tell the quality of a decision from the outcome.

"One of the first things I learned at Wharton was that you can't necessarily tell the quality of a decision from the outcome. Given the unpredictability of future events and, especially, the presence of randomness in the world, a lot of well-reasoned decisions produce losses, and plenty of poor decisions are profitable. Thus one good year or a few big winners may tell us nothing about an investor's skill. We have to see a lot of outcomes and a long history —and especially a history that includes some tough years —before we can say whether an investor has skill or not."



2. Correct forecasts lead to investment gains.

The Problem: Correct forecasts often come from trends, which are probably discounted in the price.

"The easiest way to have a correct forecast is to extrapolate a trend and see it continue as expected. Most forecasters do a lot of extrapolating, meaning their forecasts are usually broadly shared. Thus when the trend does continue, everyone's right. But since everyone held the same view, the continuing trend was probablydiscounted in advance in the price of the asset, and the fact that it rolls on as expected doesn't necessarily produce profit. For a forecast to be highly profitable, it has to be idiosyncratic. But, given how often trends continue, idiosyncratic forecasts aren't often right."



3. A low price makes for an attractive investment.

The Problem: There's a difference between cheapness and value.

"I talked about the importance of price in determining whether an investment is risky. But you'll seelow price isn't the essential element. An asset may have a low absolute dollar price, a low price compared to the past, or a low P/E [price-earnings] ratio, but usually the price has to be low relative to the asset's intrinsic value for the investment to be attractive and for the risk to be low. It's easy for investors to get into trouble if they fail to understand the difference between cheapness and value."



See the rest of the story at Business Insider

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Here's what it's REALLY like to work as a Delta Air Lines flight attendant

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Danny Elkins, a Delta Air Lines flight attendant

Being a flight attendant isn't like your typical 9-to-5 job.

According to Delta's careers page, flight attendants can expect 4 a.m. wake up calls and sporadic hours, delays and flight cancellations that will nix plans, and weekends and holidays spent working. The tradeoff, though, is getting to see the world and not having to take your work home with you.

Flight attendants submit their montly scheduling choices in a process called "bidding," and the more seniority they have, the more they're able to determine which routes they fly and days they get to take off.

Every new flight attendant at Delta flys six monthly "A days," or days they are assigned to be on-call at or near the airport. For people who commute to work — many flight attendants live in cities other than where they are based — that can mean flying standby from home to base and then waiting to possibly be called to work a flight. For some, work commute means two four-hour flights across the country.

While the job is demanding at times, it does help to work for an airline employees seem to love.

On Glassdoor, employees rate Delta Air Lines four out of five stars, citing pros like great perks and benefits, a professional and friendly environment, and flexibility.

Danny Elkins, a 35-year veteran who's been a flight attendant with Delta since it acquired Pan American World Airways' North Atlantic routes in 1991, would agree.

During his tenure as a flight attendant, Elkins has held several titles including Language of Destination flight attendant, International Coordinator, Code Share flight attendant, and flight attendant recruiter.

We spoke to him to find out what it's really like to be a flight attendant with Delta. Here's what he said:

 

SEE ALSO: Here's what it's REALLY like to work at Google, the 'world's most attractive' employer

Current role

Each workday really depends on the length of the flight and my rotation.

These days I generally fly from my base in Atlanta to the West Coast, including Los Angeles, Portland, San Francisco, Las Vegas, and other destinations. After meeting with my fellow flight attendants on board, we perform the required safety and security checks before helping passengers board.

We also prepare beverage carts and food carts for cabin service. If I'm working in the First Class cabin, I have meals to cook and work with pilots to discuss details of the flight.

I'm a people person, so after we finish our drink and snack service in the cabin I engage with customers and make sure I'm visible in the aisles to keep them well taken care of. We are there for our customers' safety and comfort and every interaction counts so I make the most of it when I'm in the aisles.



Hiring process

I haven't been a flight attendant candidate for 35 years, but I do help recruit our new hires, so I know a thing or two about the process.

Our culture at Delta is important to us, so we have to make sure those we hire can not only serve to keep our customers safe and comfortable on board, but also fit well within our organization.

We implement an array of techniques, including video interviews, Q&A sessions, and in-person meetings to evaluate candidates to see if they'll be successful as a Delta flight attendant. It's a rigorous process, but we make sure it's fun and engaging for prospective crew members. And we often have an opportunity to select some amazing flight attendants.

Once the requisition is open for hire, it's not uncommon to receive more than 100,000 applications — I am told it's harder to get invited to the Delta Flight Attendant training center than to get into Harvard University.



Useful skills for a flight attendant to have

It's important to have patience and be a good listener when you're a flight attendant.

Our passengers are as diverse as the places we fly, and their wants and needs vary greatly. But I have tools at my disposal to make sure they have a great experience on board the aircraft.

Flying can be tasking at times, so I do whatever I can to make their travel fun and easy. Listening to and being patient with my customers on board is paramount in making sure that happens.



See the rest of the story at Business Insider

8 iconic American companies that have been decimated by the strong dollar

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Since July 2014, the U.S. dollar has advanced more than 20 percent against other world currencies. To many, having a strong currency might sound like a good thing, and in many respects it is. The dollar’s relative strength is a reflection of the U.S. economy, which continues to improve since the financial crisis.

Screen Shot 2015 09 11 at 8.09.46 AM

While a strong dollar might be good for national pride, it’s been a major headache for multinational American companies. The most cited reason for subpar second quarter earnings, in fact, is the greenback. Financial number-cruncher firm FactSet noted in a recent report that the impact of the strong dollar was a recurring theme in many earnings reports, from Nike to Costco to AutoZone.

The reason? A strong currency makes U.S. exports and products more expensive to other countries, which might encourage them to switch suppliers. It also means that the value of overseas sales is reduced when it’s converted back into dollars.

In the last year, many countries and regions—including Europe, Japan and, most recently, China—have devalued their currencies, making their export prices more attractive to foreign buyers. The Colombian peso is down 23 percent against the dollar; the Turkish lira, 20 percent. The Brazilian real has lost close to 30 percent this year.

In the chart below, you can see the huge difference in second quarter earnings and revenue growth between S&P 500 companies that conduct less than half of their business within the U.S. and those that mostly focus outside the U.S.

Screen Shot 2015 09 11 at 8.10.05 AM

From materials to information technology to consumer discretionary, no sector is immune. The only way to avoid the pitfalls of unfavorable foreign exchange rates is to restrict business to the U.S., an idea most growth-seeking companies wouldn’t entertain. Even if business were to remain stateside, revenue could still be hurt by a lack of foreign tourists, since a strong local currency makes travel and shopping more expensive for them.

These are only a sampling of companies that have been hurt by the strong dollar and unfavorable exchange rates. By no means are they the only ones.

It’s important for investors to think long-term. Although it might not happen tomorrow, the dollar will eventually decline against other world currencies, helping to give American companies a more competitive edge.

In the meantime, consider the rest of the world on sale. Traveling to Europe, for instance, is now much more affordable for American tourists. Although the strong dollar might have hurt the bottom line of many multinationals, the real winners in all of this are the everyday American consumer.

Tiffany

About a quarter of Tiffany’s total sales come from foreign markets, meaning the exchange rate has lately nibbled at earnings. Even though the company reported increased quarterly sales at international stores, profits fell 15 percent, from $124.1 million a year ago to $104.9 million. Tiffany is also seeing a marked decline in tourist shoppers to its flagship Fifth Avenue store this year because the dollar has made it more expensive to visit the U.S.



Macy's

New York-based department store chain Macy’s has also been hit by the strong dollar, resulting in lower overseas profits and fewer tourist visitors. Chief Financial Officer Karen Hoguet even reported that the company’s worst performance, geographically, was in its major tourist markets. To counter flat year-over-year revenue growth, Macy’s will be closing 35 to 40 of its stores in early 2016, saving it some $300 million.



Walmart

Macy’s isn’t the only department store that’s felt the negative effects of a stronger greenback. Walmart, the Bentonville, Arkansas-based retail giant, reported first-quarter revenue of $114 billion, down 0.1 percent from the same quarter the previous year. According to the store, global currency fluctuations were responsible for a loss of $3.3 billion in net sales. Another issue affecting revenue right now is Walmart’s decision to raise its minimum wage to $9 an hour.



See the rest of the story at Business Insider

21 tiny design features that show Apple's insane attention to detail (AAPL)

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Apple keyboard close up

Apple is known for its insane attention to detail. Often times, it's what sets Apple's products apart from the competition.

Some of these features are incredibley useful and make its products more enjoyable, while others are purely cosmetic. Regardless of the value they add to the overall experience, it's fascinating to learn about the lengths Apple goes to when it comes to design and product development.

Here are 21 of our favorite examples of Apple's obsession with detail. 

SEE ALSO: Big, beautiful photos of Apple's newest iPhones

A "breathing" sleep light:

Apple has a patent dating back to 2002 for a "Breathing Status LED Indicator." The patent describes a "blinking effect of the sleep-mode indicator [that] mimics the rhythm of breathing which is psychologically appealing."



A smart fan that listens:

When engaging the voice dictation feature on newer Mac laptops, Apple automatically slows the internal fan speed to better hear your voice.



Watch the light's travel in Maps:

If you select the satellite view in Apple's Maps app and zoom far enough out, you'll be able to see the sun's light as it moves in real-time across the Earth.



See the rest of the story at Business Insider

The story of 6 women who risked their lives inside a cramped cave to discover a new human ancestor

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underground astronauts homo naledi

When South African spelunkers Rick Hunter and Steve Tucker went off-map and discovered a hidden chamber in Rising Star cave, about 30 miles northwest of Johannesburg, it was an incredibly lucky find.

They found and then crammed themselves through a hole that was at one point just over seven inches wide, and then traveled 50 feet down.

At the bottom they spotted a jawbone. They took photos with a GoPro, and then brought them to the the door of National Geographic explorer-in-residence Lee Berger of the University of the Witwatersrand.

Berger realized that this was big: the jaw looked like some kind of primate related to early humans. And there were more bones — many more. But it was going to require some special skills to get them out.

So he posted an ad on Facebook. "We need perhaps three or four individuals with excellent archaeological/palaeontological and excavation skills," it read. "The catch is this – the person must be skinny and preferably small. They must not be claustrophobic, they must be fit, they should have some caving experience, climbing experience would be a bonus. They must be willing to work in cramped quarters, have a good attitude and be a team player."

He ended up with six women who fit the insane physiological and academic requirements for the task, who he'd later refer to as "underground astronauts." These six brave scientists would unearth the largest collection of hominid fossils ever discovered in Africa, a whole new species to transform our understanding of the human family tree. They called it Homo naledi.

Scroll on for the story of their fantastic expedition, which is featured in National Geographic's October cover story.

For the initial excavation in November of 2013, about 60 people gathered — cooks, climbers and cavers, researchers, and of course, the "underground astronauts."



The team first entered the chamber — which was given the name Dinaledi, meaning many stars — on November 10, 2013. Each trip required a "Superman crawl" through a 10-inch passage, and then a far more daunting trip down the incredibly narrow chute into the chamber.



Anthropologist Marina Elliott squeezes through a tight spot here, but the chute was the "real bruiser," an expedition blog noted at the time. "Squeezing through tiny openings, jamming knees and elbows into cracks for stability, and unavoidably swinging or banging into the countless spines and protuberances has given these explorers what amounts to temporary full-body leopard-print tattoos."

Source: Rising Star Expedition blog



See the rest of the story at Business Insider

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The over-the-top costumes at Burning Man are beyond wild and crazy

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Burning Man costume

When it's nearly 100 degrees in the middle of the Nevada desert, clothing is limited, and sometimes even optional at Burning Man — "an annual art event and temporary community based on radical self expression in the Black Rock Desert of Nevada."

But for those who do choose to wear clothing, it's all about the costumes. The ornate outfits have become a huge part of the festival.

Bikinis, body paint, tutus, masks, headdresses, wigs, floral crowns, and feathers  it's all there. Often all worn at once.

Check out some of the best outfits from this year's festival...

SEE ALSO: I just spent 4 days at Burning Man and here are the craziest things I saw

Burning Man is famous for its colorful costumes worn by attendees.



Women go all out.



So do the men.



See the rest of the story at Business Insider

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16 crazy things that happen at Silicon Valley's favorite grade school

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Growing up, Max Ventilla never felt like school was for him.

"School was something I did because I was a kid and it was expected of me. That's a real shame," says Ventilla, the former head of personalization at Google. "It's an amazing thing to have this extended period where you work on yourself and have resources to help you grow."

AltSchool, Ventilla's latest venture, sets out to revolutionize that experience by making education more personal.

The Bay Area-based network of "micro-schools"— which raised $100 million from investors including Andreessen Horowitz, Peter Thiel's Founders Fund, and Facebook's Mark Zuckerberg earlier this year — uses technology to cater the curriculum to each child's needs, and plant the seeds of agency.

I spent the day at AltSchool's Fort Mason location in San Francisco, California, to see its game-changing teaching style in action. Here are the 16 most impressive things I saw.

AltSchool bucks traditional grade levels. Students between the ages of 4 and 14 are divided into lower elementary, upper elementary, and middle school groups.



You won't find traditional classrooms here either. Students migrate from station to station throughout the day.



Kids sign into school on an attendance app for the iPad.



See the rest of the story at Business Insider

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17 signs your coworkers secretly hate you

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While some coworkers may have no qualms about letting you know they despise you, others will try to remain diplomatic and professional but will hide those hard feelings.

"Most coworkers won't overtly show their disdain for you so as not to cause trouble or jeopardize their own careers," says Lynn Taylor, a national workplace expert and the author of "Tame Your Terrible Office Tyrant: How to Manage Childish Boss Behavior and Thrive in Your Job.""They may make life difficult for you, but they'll probably try to stay under the radar. Still, there are subtle red flags that they're not out for your best interests."

You'll want to know those signs, says Taylor, so you can spot them when they're present and turn things around before it's too late.

"Of course, it's impossible to be liked by everyone in the office," she explains.

But you should always strive to be sensitive to the needs of your fellow coworkers, remain upbeat and friendly, communicate openly, and give colleagues the benefit of the doubt.

"Those who do this have a far brighter career future," she says. "Plus, when [we]  have strong, healthy workplace relationships, you will be more effective and accomplished in your job."

Michael Kerr, an international business speaker and author of "The Humor Advantage,"agrees.

"When your coworkers like you, everything becomes easier," he says. "People have your back when you need it the most, you can ask for and get favors more easily, people will volunteer to help in times of need, and you can get far better cooperation even across departments."

Being well-liked will boost your morale, which in turn will make you more productive, focused, creative, and successful in everything you do, he says.

Here are 17 subtle signs your coworkers secretly hate you. Keep in mind that you may just be misreading their body language or tone — the workplace is certainly not immune to human misunderstanding and no one's a mind reader.

But if you notice you're the only victim of these behaviors, it probably means they don't like you.

SEE ALSO: 21 signs your boss secretly hates you

1. Your gut tells you they don't like you.

If you feel like your coworkers don't like you, it could just be in your head, but it could also be true. If they treat you differently than everyone else, you're probably not their favorite person. Trust your gut and continue looking for other signs if you have a strong feeling about this.



2. They don't smile when you're around.

We're not talking about the occasional bad day or mood swing. If your coworkers make a conscious effort not to smile when you're in the room, something isn't right.



3. They can't maintain eye contact with you.

It's difficult to look someone straight in the eye when you don't like or respect them, says Taylor. If you notice your colleagues avoid eye contact while speaking with you, those are probably the reasons.

"They're afraid that you may be able to detect hostility, so the path of least resistance is for them to look away or avoid being around you wherever possible," Taylor suggests.



See the rest of the story at Business Insider

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How much it costs to rent an apartment in the 11 most expensive US cities

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NYC apartment

Housing eats up a lot of our paycheck, but just how much?

We turned to the Economic Policy Institute to find out, which recently released a 2015 Family Budget Calculator measuring the annual cost of necessities to live a secure yet modest lifestyle.

The calculator estimates the costs of housing, food, child care, transportation, healthcare, other necessities, and taxes.

In this case, we looked specifically at the how much the EPI estimates a family of four and single people are paying for monthly rent in the most expensive metropolitan areas in the US.

Housing costs are based on the Department of Housing and Urban Development’s (HUD) fair market rents, and include shelter and all tenant-paid utilities (excluding telephone service, cable, and internet). Studio apartments were used for one-person households, and two-bedroom apartments were used for families with two children.

(Read the full methodology for the budget calculator on the EPI website.)

Of course, if you're looking to buy in a major metro, that may cost you more. As for renting, here's how much you can expect to pay per month in the 11 most expensive metro areas in the US:

SEE ALSO: Here's how much it costs for a family to live in 20 major US cities

11. Santa Rosa

Monthly cost of housing:

4-person family: $1,251

Single person: $820



10. San Diego-Carlsbad

Monthly cost of housing:

4-person family: $1,354

Single person: $939



9. Los Angeles-Long Beach-Anaheim

Monthly cost of housing:

4-person family: $1,398

Single person: $896



See the rest of the story at Business Insider

Here's the best day of the year to buy a house in 11 major cities

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house

The old adage in real estate is that it's all about location, location, location.

New research, however, shows that "timing" may need to be tacked on to that saying.

According to an analysis by RealtyTrac of over 32 million house and condos sales since 2000, closing on a house on a particular day can save you a lot of money in some cities.

Of 11 major metro areas reviewed, completing the sale on the best day of the year saved buyers at least 10% against the market value for the house at the time of sale.

The best savings seem to occur on October days when there tend to be a dearth of buyers in the market, forcing sellers to bring down their prices.

Oddly enough, Seattle's best day for savings was April 1, which RealtyTrac found was the worst month for discounts.

Check out the best days to buy, the discount on those days, and the average closing price for 11 major metro areas below.

SEE ALSO: The single best day to buy a home nationwide

Atlanta

Best Day to Buy:
January 15

Discount on Best Day: 
14%

Average Closing Price since 2000:
$184,528



Boston

Best Day to Buy: 
October 8

Discount on Best Day:
38%

Average Closing Price since 2000:
$347,464



Chicago

Best Day to Buy: 
September 30

Discount on Best Day: 
10%

Average Closing Price since 2000:
$232,147



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The extravagant ways tech executives spent their summers

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ellison lanai

How was your summer vacation?

Probably not as extravagant as the vacations taken by some of the biggest names in tech.

Tech millionaires and billionaires vacation a bit differently from normal people.

From massive island retreats to superyachts, these tech executives' summer getaways take luxury vacations to the next level. 

SEE ALSO: What the 'Rich Kids of Instagram' did this summer

Google's Larry Page has his own superyacht called "Senses," which he bought from New Zealand businessman Sir Douglas Myers for $45 million in 2011.



Microsoft cofounder Paul Allen cosponsored a massive fair — the Seattle Art Fair — to get more tech billionaires interested in collecting art.

"To live with these pieces of art is truly amazing," Allen said to Bloomberg."I feel that you should share some of the works to give the public a chance to see them."

 



In May, Allen invited scores of movie stars, musicians, and supermodels aboard his 414-foot yacht, "Octopus," for a Bollywood-themed bash, during the Cannes International Film Festival.

Source.



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A Wharton professor recommends 7 new books to read this fall

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Adam Grant, Author

LinkedIn Influencer Adam Grant published this post originally on LinkedIn.

Here’s a preview of the exciting new books on work and psychology.

Instead of just spouting their opinions, these authors bring us real data:

SEE ALSO: The 15 most influential business books of 2015

1. "Presence" by Amy Cuddy (December 29)

Building on her wildly popular TED talk about power posing, Cuddy explains how we can achieve greater success and sincerity by changing the way we carry ourselves.

It’s a captivating, charming read on harnessing confidence and poise.



2. "Unfinished Business" by Anne-Marie Slaughter (September 29)

As the first woman to direct policy planning at the U.S. State Department, Slaughter ignited a national conversation with her Atlantic piece on why women still can’t have it all.

Now, she boldly examines how individuals and policymakers can create equality for men and women — at work and at home



3. "Superforecasting" by Philip Tetlock and Dan Gardner (September 29)

One of the giants of behavioral science reveals how to improve at predicting the future.

Find out how a farmer does a better job anticipating major world events than political and intelligence experts, and how we can all become smarter and wiser.



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Here's what happens when nearly 5,000 proud parents descend on the Googleplex (GOOG)

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Google employeesEarlier this week, Google hosted a blockbuster event where it invited families from all over the world to celebrate its third Take Your Parents to Work Day

About 3,000 Googlers invited 4,700 of their parents to take part, with families making the trek from as far away as Qatar, New Zealand, and Serbia.

I got to tag along.

Here's how it went:

SEE ALSO: This story made a bunch of Google's families cry during its third Take Your Parents to Work Day

Driving into Mountain View for the event, I hit what I was told was unusually bad traffic near campus, likely caused by all of the families driving in. Once I parked, my host and I each grabbed a Google bike (the company leaves them scattered around campus, unlocked, for employees to use freely).



The first part of the day took place at Shoreline Amphitheater, a local stadium that usually hosts concerts or big-name comedy events. It seats 6,500.



We dropped our bikes in a corral near the entrance and headed into the fray.



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7 lessons billionaire Marc Benioff learned from the world's 5th richest man Larry Ellison (CRM)

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marc benioff

Salesforce CEO Marc Benioff is now one of the most powerful leaders in Silicon Valley, but 30 years ago, he was a young, aspiring entrepreneur just starting off his career.

It was Oracle CEO Larry Ellison, now the world’s fifth-richest man, who took Benioff under his wing and turned him into a star executive.

Although their relationship had its ups and downs through the years, Benioff wrote in his 2009 book, “Behind the Cloud,” that Ellison is his “mentor” and “close friend.”

He even dedicated a small section, called “The Larry Ellison Playbook,” where he lists the seven lessons he's learned from Ellison.

“Many of the lessons I learned from Larry still guide me today,” he wrote.

SEE ALSO: The epic 30-year bromance of billionaire CEOs Larry Ellison and Marc Benioff

Benioff was only 23 years old when he won the Rookie of the Year award at Oracle. By 26, Benioff was a star executive at Oracle, making over $300,000 a year.



Benioff became close friends with Ellison during his 13 years at Oracle. So close that some people even wondered if Benioff was Ellison’s nephew.



Ellison was a strong supporter of Benioff when Salesforce first launched in 1999. He was one of the first seed investors and even let Benioff work at Oracle until Salesforce really started to take off.



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Here are the 20 best US cities for getting a new job

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mover moving truck home

Sometimes, it's a good idea to make a move and tweak the course of your career.

If that time has come for you, we have some good places to do that.

We looked at 362 metropolitan areas in the US and ranked them based on the state of their job markets. We considered job creation rates, unemployment rates, and wage growth rates.

Further, we made a measurement of how diverse the regional economy is based on how many different occupations were common in the metro area, as well as how evenly distributed jobs are among those occupations.

For more details on our methodology and sources, click here.

SEE ALSO: RANKED: The 50 US states and DC from worst to best

20. College Station, Texas

College Station is home to Texas A&M University, a major part of the city's economy and job market.

College Station had the best wage growth among the metro areas we looked at by far, with wages rising an incredible 25.4% between June 2014 and June 2015.



19. Manchester, New Hampshire

Formerly an industrial center, the largest city in New Hampshire now boasts a strong and diverse service-centered economy.

Manchester did well across the board. The city's June 2015 unemployment rate of 3.4% was the 16th best among the 362 metro areas we looked at.



18. New York City

New York is America's largest city, and it has always been a magnet for people around the world looking for a better life.

New York scored above average on our metrics, and particularly impressive was its 11th-highest June 2015 average weekly wage of $1,019.



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