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'Dammit, Janet! Don't raise rates!': Jeff Gundlach argues these charts will have the Fed thinking twice about hiking this month

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jeffrey gundlach

The Federal Reserve has kept interest rates near 0% since December 2008 in its emergency effort to stimulate growth and inflation in the wake of the global financial crisis.

And for months, the Fed and Chair Janet Yellen have signaled explicitly that a rate hike would come soon. This has some leading economists forecasting that an initial rate hike will be announced at the Fed's September 16-17 Federal Open Market Committee (FOMC) meeting.

However, DoubleLine Funds' Jeffrey Gundlach thinks that a rate hike now would be hasty.

“Look at the charts," Gundlach said. "Dammit, Janet, don’t raise rates!”

Gundlach was referencing The Rocky Horror Picture Show with that quote. And to be clear, the investment strategies of DoubleLine's portfolios don't hinge on the timing of the Fed's rate hikes. Rather, Gundlach's view is that tightening in September risks hurting the economy.

As he's been predicting for quite a while, Gundlach believes the Fed is more inclined to hike later than sooner.

During a webcast on Tuesday, Gundlach shared a slew of market and economic stats and trends that would argue against a rate hike in September or any time this year.

Note: The slide titles are not Gundlach's quotes.

SEE ALSO: We're about to find out how closely the Fed follows its unspoken rule

"Dammit, Janet!" is a reference to The Rocky Horror Picture Show.



The futures market is putting a 30% probability that the Fed hikes rates on September 17. In other words, the market would be surprised by a rate hike.



And that probability has been falling all year.



See the rest of the story at Business Insider

Here's how China's aircraft carrier stacks up to other world powers'

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china aircraft carrier

An epic military parade earlier this month showed off some of the Chinese military's new toys, unveiling heavy vehicles in maritime camouflage as the country's island-building in the South China Sea sits in US military planners' minds.

So how does China stack up to other world powers when it comes to aircraft carriers, one of the biggest factors in air and sea dominance?

Take a look at the photos and graphics below to get an idea of China's naval power:

SEE ALSO: Every surface ship in the Chinese navy, in one chart

This is China's only aircraft carrier, the Liaoning. Like much of China's military hardware, the Liaoning is a reworking of an older Russian-made model.



The Liaoning's particulars and capabilities sound impressive.

Source



The Admiral Kuznetsov, which the Liaoning is based on, is Russia's sole aircraft carrier. The ships have the same size and speed, and they both feature the "ski jump" platform.



See the rest of the story at Business Insider

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28 charts that show how America changed since the Fed gave us 0% rates (DIA, SPX, SPY, QQQ, TLT, IWM)

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Ben Bernanke

In the nine years since the Federal Reserve's last rate hike, the US has gone through a housing-bubble burst, a financial crisis that nearly destroyed the global banking system, the worst recession since the Great Depression, and a slow but steady recovery marked by moderate, consistent growth.

During the darkest days of the crisis, the Fed dropped its benchmark interest rate to near-zero in its emergency effort to bring liquidity to the financial markets and stimulate growth.

Now the Fed is considering a rate hike by the end of this year. The last time the Fed raised rates was in June 2006, and rates have been kept as close to zero as possible since December 2008.

Here's how 28 major financial and economic indicators have evolved in the era of zero-interest rates.

SEE ALSO: NEED A CHANGE? Here are the 20 best US cities for getting a new job

The Federal Reserve last raised interest rates on June 29, 2006. As the economy began deteriorating in late 2007, the Fed started cutting rates, eventually reaching a target rate of zero on December 16, 2008, where rates have remained for the last six and a half years.



During the Great Recession, real GDP fell by about 4% from just under $16 trillion in Q2 2008 to $14.4 trillion in Q2 2009. Since that time, the overall economy has rebounded, with Q2 2015 GDP estimated at $16.3 trillion.



Manufacturing was hit hard in the recession. The value of manufacturers' new orders dropped from $487 billion in June 2008 to $330 billion in spring 2009. New orders recovered over the next three years, but have largely remained flat since 2012, with the exception of an abnormally large spike in July 2014.



See the rest of the story at Business Insider

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Meet Audi's awesome Tesla killer

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tesla model x 1280x865Tesla will begin delivery of its all-new Model X SUV at the end of this month, but Audi is going to make its best effort to steal the show.

The German automaker is expected to unveil its Model X rival next week at the International Motor Show in Frankfurt. The vehicle will be the company's first large-series, all-electric car and it was designed from the ground up as an electric vehicle.

Audi, which is a subsidiary of Volkswagen, revealed some details about its new e-tron quattro electric vehicle last month and from what we know so far it sounds pretty impressive.

Here are six things we already know about the potential Tesla competitor.

Audi is working with Samsung and LG to build the batteries for its new electric SUV. The Audi e-tron SUV will have a range of 310 miles. Tesla’s Model X has a range of 240 miles on a single charge.



The new SUV features three electric motors, one on the front axle and two on the rear axle. Tesla’s Model X all-wheel drive system will have two motors, one for the front wheels and one for the rear wheels.



Even though Audi’s new electric car is an SUV, it will only seat four people. Tesla’s Model X can seat up to seven.



See the rest of the story at Business Insider

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Here's how Uber got its start and grew to become the most valuable startup in the world

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GettyImages 159748508Five years ago, a company called UberCab made a splash in San Francisco by letting you hail a car with your smartphone. Since then the company, now known as Uber, has spread like wildfire through the globe. Uber currently operates in 58 countries and is valued at over $50 billion.

But the road hasn't been easy.

Uber has fought rivals and regulators as it has transformed from a black car service into a sprawling logistics company gunning for a future of self-driving cars. It has confronted threats from the taxi industry and even its own drivers.

But its valuation has continued to climb, and it has attracted more and more investors.

As Uber bolsters its war chest for a huge push into China, we look back at how the company got to where it is today. See the insane and successful journey of Uber and its CEO, Travis Kalanick, as it has moved from an idea into a worldwide phenomenon. 

June 1998: Scour, a peer-to-peer search engine startup that Kalanick had dropped out of UCLA to join, snags its first investment from former Disney president Michael Ovitz and Ron Burkle of Yucaipa companies.

Source.



October 2000: Scour files for Chapter 11 bankruptcy after being sued by several entertainment companies for around $250 billion.

Source.



April 2007: Kalanick sells RedSwoosh, a company he'd founded in 2001, to Akamai for $23 million and becomes a millionaire. He says he started RedSwoosh as a “revenge business” to turn the 33 litigants who sued Scour into customers.

Source.



See the rest of the story at Business Insider

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5 major risks stemming from Europe's refugee crisis

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syrian refugees

Following a topsy-turvy summer of economic volatility and political turmoil, Europe is facing another major collective-action problem: the refugee crisis.

While most of the recent issues in the EU been internal ones, this crisis is unique in that it unites the problems of developing markets with those of industrialized economies.

Consequently, although "there seems little likelihood that this crisis will become systemic in nature," its "impact on the political risk outlook is, in our view, significant," argues Citi's Tina Fordham.

In light of that, we put together five major political-economic risks stemming from a failure to act in response to the crisis.

"Addressing the refugee and migration crisis will require further reforms, cooperation and coordination, not to mention political leadership," adds Fordham.

1. The exacerbation of anti-immigration sentiment.

There seems to have been a shift in the public consciousness following the heartbreaking photo of a drowned Syrian toddler.

However, "the crisis could exacerbate anti-immigration sentiment — already high in many countries — over the medium- to long-term if sympathy for the plight of refugees from war-torn countries collides with tensions over austerity policies and challenges in integration, housing and unemployment," writes Citi's Fordham. 

Most notably, there has been increasing support for political parties with anti-immigration platforms in Europe, as Business Insider's Myles Udland recently noted. 



2. Short-term burden on public finances of European countries.

Refugees, who "unlike voluntary migrants, rarely begin gainful employment soon upon arrival ... tend to be a burden on public finances in the near-term," writes Citi's Fordham.

"Even though moderate numbers of refugees should limit the scale of the fiscal impact, sometimes the logistical and organizational challenges of housing, feeding and processing refugees can exceed the arrival countries’ capabilities," she continues. "In countries with little fiscal space, even modest additional strain on public finances could be problematic."



3. Medium- to long-term economic implications in Europe.

The medium-term economic implications "will depend on how well the refugees and other migrants will be integrated into the labor market, the skill levels and composition of the arrivals and the needs of the destination country," argues Fordham.

Although some European countries have not seen stellar successes in integrating migrants so far, "the capacity to benefit from immigration, skilled or unskilled, also represents an opportunity for countries that face shrinking, greying populations and suffer from misshapen demographic pyramids," writes Fordham.

Notably, Germany happens to be one such country with low birth rates, a shrinking workforce, and pension shortfalls.



See the rest of the story at Business Insider

27 jobs to avoid if you hate stress

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Surgeons perform a total knee arthroplasty operation in an operating room at the Ambroise Pare hospital in Marseille, southern France, April 14, 2008.   REUTERS/ Jean-Paul Pelissier

Do you crack under pressure? Crumble when you're stressed? 

If so, you’d be better off pursuing a career in science or education than you would in healthcare or law enforcement. 

Using data from the BLS and O*NET OnLine, career information expert Laurence Shatkin, Ph.D., helped Business Insider rank the 767 occupations identified by the US Department of Labor by "stress tolerance."

The "stress tolerance" for each job is a rating on a scale from zero to 100, where a lower rating signals less stress. It measures how frequently workers must accept criticism and deal effectively with high stress on the job.

Here are 27 jobs that earned a stress tolerance rating of 93 or higher. If you're the type of person who thrives under pressure or can stay cool, calm, and collected in high-stress situations, these jobs may be perfect for you. If you're the crack-or-crumble-type, you may want to avoid them:

SEE ALSO: 24 high-paying jobs for people who don't like stress

Police, fire, and ambulance dispatchers

Stress tolerance: 98.5

Average annual salary (2014): $39,410



Nurse anesthetists

Stress tolerance: 98.2

Average annual salary (2014): $158,900



Telephone operators

Stress tolerance: 98.2

Average annual salary (2014): $39,350



See the rest of the story at Business Insider

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New Arby's restaurants are unrecognizable

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Arby's redesign

Next time you step into an Arby's, you may not recognize it.

The sandwich chain is redesigning its restaurants, riding on the momentum of its 19th consecutive quarter of same-store sales.

According to a company release, Arby's is on track to open 60 new restaurant locations and complete over 160 remodels through the end of this year. The remodeled restaurants have already shown sales increases of 15% or more.

Keep scrolling to see what the new, sleek, and modern Arby's looks like inside and out.

MORE ARBY'S: We tried the newest menu item at Arby's — here's the verdict

SEE ALSO: The 20 fast-food chains that rake in the most money

Vintage locations like this one in South San Francisco may soon get a makeover.



The new design for Arby's involves clean and sleek architecture with lots of windows.



Say goodbye to the bland booths and linoleum ...



See the rest of the story at Business Insider

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The 24 best public colleges in America

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Cornell University fans

We recently released our seventh annual list of the best colleges in America, which included schools from every corner of the US.

Here, we've narrowed down our results to look at the best public schools in the country.

To determine the rankings, we asked over 1,000 Business Insider readers to choose the colleges that best prepare their students for success after graduation. We then combined those results with each school's average SAT score from the college-data website College Board and the median starting salary from the employer-information website PayScale to come up with the final ranking. You can read the full methodology here.

Please note that this list drew from our original survey on the best colleges in the US, where survey respondents chose from a limited pool of what we perceived to be the top 100 schools in the US.

Did your school make the cut this year? Read on to find out.

SEE ALSO: The 50 best colleges in America

SEE ALSO: The 48 best colleges in the Northeast

24. University of Connecticut

Average SAT score: 1885

Median starting salary: $51,700

UConn has a built-out career services office, with resources both on campus and online. The online portal features a number of internship, co-op, and full-time job opportunities with companies like Pepperidge Farm, JetBlue, Unilever, and UBS, as well as a number of resources to help students apply and place there.



23. University of California at Irvine

Average SAT score: 1740

Median starting salary: $49,300

Part of the prestigious University of California system, UCI is known for its top-rated research programs, which provide opportunities for both undergraduate and graduate students alike to participate in research projects. And although it's a large school, the student to faculty ratio remains low — only 19:1 — and 50% of classes have 20 or fewer students



22. University of California at Davis

Average SAT score: 1815

Median starting salary: $50,800

UC Davis graduates enter a network of over 200,000 living alumni when they complete their degrees. While still in school, students have access to 104 major choices, preparing them for careers in everything from landscape architecture to microbiology to nutrition science.



See the rest of the story at Business Insider

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I’m a hardcore gamer who knows nothing about football — here’s what I thought playing Madden the first time

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madden nfl 16 catch

Like a lot of shy, introverted nerds, I don't know anything about football.

So when publisher EA Sports sent us a review copy of Madden NFL 16, the latest entry in its juggernaut annual football game franchise, I experienced a roller-coaster ride of emotions: Fear, shame, and anxiety. 

Here's a sense of my experience with the sport:

  1. I got talked into playing in a fantasy football league with friends last year, where I drafted six kickers. I figured the more kickers the better, because...you know. "Foot"-ball. I still don't fully understand why I was wrong.
  2. I played NFL 2K for the Sega Dreamcast at a friend's house once. I somehow managed to call a field goal on the first play. It did not work out, and we quickly switched back to Sonic Adventure. 
  3. A lot of people are mad at Tom Brady, for either inflating balls that were deflated, or deflating balls that were inflated. It is not clear to me. 

But a friend of mine made a good point: I may not know anything about football, but I do know a lot about video games.

Lots of games, from Mario to Assassin's Creed, start from the assumption that you've never played before, and gradually introduce you to the core concepts and mechanics as you go. 

So I can't tell you if Madden NFL 16 is an accurate representation of professional football, though our friends at Tech Insider say it's the most realistic portrayal yet. But can I tell you if it's any good, especially for new players?

It turns out that I can, and that Madden is a legitimately fun game. Plus, it gave me a whole new respect for the sport.

Here's how it went down: 

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

When you first turn on Madden NFL 16 for Xbox One, it drops you straight into a simulated, cinematic version of next February's Super Bowl 50, which it apparently guesses will be between Pittsburgh and Arizona, with no warning. This is the video game version of that dream where you're back in high school and there's an exam that you didn't study for and also you're naked.



After that, it prompts you to choose a team. I went with my hometown San Francisco 49ers, because Levi's Stadium is down the street from this place where I once got an amazing Belgian waffle that was fried and sugared like a churro. Sadly, that place is not simulated in this game.



Fortunately, Madden offers a series of tutorials that introduce even the novice player to some fundamentals. Unfortunately, they assume you already have a working knowledge of basic stuff, like how many points a touchdown is worth, or what a "down" is. (It's how many tries you have to move the ball 10 yards. You're welcome.)



See the rest of the story at Business Insider

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6 things you should do every Sunday

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woman relaxing on beach

When you think about your perfect Sunday, it could involve sleeping in, going out for brunch, and then binge watching Netflix.

Unfortunately, most entrepreneurs can't enjoy that luxury.

Either we're tied down to a completing a deadline or we simply just can't sit there and not be productive.

The thing is, you do need to enjoy some time away from the business.

You can actually step away from work and still have a productive Sunday by doing the following six things.

If you do, you'll notice that you'll be more productive, rejuvenated, and ready to tackle the work week when your alarm goes off on Monday morning.

 

SEE ALSO: Why creating a meaningful morning routine will make you more successful

1. Spend some time alone.

While you should definitely spend some quality time with friends and family, you also need to have some time to yourself.

Why? Because being alone has several benefits. It gives you the opportunity to reflect, clear your mind, improve your creativity, do the things that you want to do, and meet new people.

Spending time alone can also increase your productivity since you aren't relying on other people to share the workload on a project.

If you really want to enjoy your solitude, unplug during your alone time so that you aren't bothered by email, text messages, and Facebook notifications.



2. Pursue a passion.

We all need a hobby that is going to recharge our batteries and spark our passion. Whether it's writing, repairing an old car, painting, or hiking, you should use your free time on days like Saturday or Sunday to do activities that you normally can't during the work.

Ideally, you should find a hobby that either lets you blow off some steam, gets the creative juices flowing, or refreshes you in some way, or is something that may be related or unrelated to your business.

For example, if you sell custom bicycles, then maybe you spend your Sunday afternoons going for bike ride with your family or participating in a race. I personally like to write and feel it makes me a better entrepreneur.



3. Get some exercise.

The benefits of exercise have been discussed multiple times. While there's no denying that we all need to be physically active, the busy work week may not leave us with too much to squeeze in a workout. You can always catch-up on your physical fitness on Sundays.

Whether it's kayaking, riding a bike, playing a game of basketball, or going to the gym, Sundays offer a great chance for you to get in a bit of exercise before you head back to the daily grind. I personally love a walk around the block with my wife, dog, and sometimes friends.



See the rest of the story at Business Insider

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NFL POWER RANKINGS: Where all 32 teams stand going into Week 1

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andrew luck

The NFL is back!

The actual football games, that is. Between "Deflategate," Jason Pierre-Paul's July 4 fireworks fiasco, and Robert Griffin III's unhappy marriage to the Washington Redskins, the NFL never quite went away this summer, but at least now we've got some real games to go with all the controversies, suspensions, and court cases.

Although a lot of big-name players and coaches found jobs in new cities over the summer, once again it's the same top dogs from past seasons that are our favorites heading into the regular season.

Take a look at where each team stands going into Week 1.

1. Seattle Seahawks

Week 1 opponent: at St. Louis Rams

What's good: The Seahawks re-signed Russell Wilson and picked up TE Jimmy Graham in the off-season. The Hawks look primed for another deep run.

What's bad: There's still no end in sight to all-world safety Kam Chancellor's holdout. Neither side is budging, and it's looking now like Chancellor will miss the regular season, if the Seahawks don't trade him first.



2. New England Patriots

Week 1 opponent: at Pittsburgh Steelers

What's good: Tom Brady's four-game suspension was overturned, giving the entire Patriots offense a huge boost and improving their outlook for the first month of the season.

What's bad: The defense remains a concern, particularly in the secondary where they lost Darrelle Revis and Brandon Browner.



3. Indianapolis Colts

Week 1 opponent: at Buffalo Bills

What's good: The Colts' two biggest offensive additions, Frank Gore and Andre Johnson, rave about Andrew Luck and seem to have already built a strong rapport with him.

What's bad: While improved, there are still lingering questions about whether the Colts offensive line can give Luck enough protection.



See the rest of the story at Business Insider

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How you should and shouldn't spend money in your 20s

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friends

I've been told that how you spend your time and money in your 20s will define you and, from my personal experience, I find this to be very accurate.

Although I am still a 20-something, I am constantly learning where and how my time and money are best spent. 

Your 20s are an exciting time and you want to have fun and experience as much as you can, but it's also an instrumental period in regards to building your future.

Due to these two seemingly mutually exclusive facts, it's easy to get confused about where you should and shouldn't be putting your money.

Any big spending may be seen as somewhat foolish when you don't have a lot of money, however, you can spend foolishly ... on wise things.

Here is when to spend money foolishly in your 20s (and when not to).

 

SEE ALSO: The Best Financial Strategies For 20-Somethings

Where to spend your money



Education

Education is the most important investment you can make. I paid my way through college with student loans that I am still paying off, however, it was worth every penny. Even if you do not find formal education appealing, you can still use your money to pay for instructional books, online classes, vocational school, certification, etc. 



Travel

I firmly believe in the quote, "Traveling is the only thing you buy that makes you richer." Go see the world while you are young and still believe that you can change it. Getting away is one of the best ways to recharge your tired batteries. Traveling becomes much more expensive and difficult when you get older and have a family to take with you, so the sooner the better.



See the rest of the story at Business Insider

11 fitness 'truths' that are doing more harm than good

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workout

Whether you want to tone up, slim down, or give yourself a mood boost, you've likely taken a stab at tweaking your fitness routine.

Unfortunately, there's a lot of "fitness" advice out there that won't help you meet your goals and could actually be doing you more harm than good.

For example, which matters more for weight loss: exercise or diet?

Are marathons the best way to get fit?

The answers to these questions might surprise you.

Have some we missed? Send them along to science(at)businessinsider.com.

UP NEXT: Here's the best time of day to work out to lose weight

RELATED: We talked to an exercise scientist about whether diet or exercise is more important for weight loss, and his answer surprised us

Exercise is all that matters when it comes to losing weight fast.

Wrong. 

In the short-term, the bulk of research shows us that diet is far more important than simply upping your workout regimen if you want to start shedding pounds.

"Studies tend to show that in terms of weight loss, diet plays a much bigger role than exercise," Philip Stanforth, an exercise scientist at the University of Texas and the executive director of the Fitness Institute of Texas, told us.

Over the long-term, though, research suggests that regular workouts do become more important for staying fit. "When you look at people who've lost weight and are also managing to keep it off, exercise is important," said Stanforth.



Weight training will turn fat into muscle.

Nope. Lifting weights won't magically make your flab lean. Unfortunately, body fat cannot become muscle. But weight training will help you build muscle tissue, which will thicken underneath any fat above it.



Early morning is the only time you should work out.

The afternoons or evenings are likely nearly as good for you as early-morning workouts, according to several studies.

But some research suggests that working out first thing each dayhelps speed weight loss and boost energy levels by priming the body for an all-day fat burn.

Plus, getting more daylight may play an important role in shedding pounds. By making sure we align our internal clocks, or circadian rhythms, with the natural world, we may help give our metabolisms a boost. One recent study showed that people who basked in bright sunlight within two hours after waking tended to be thinner and better able to manage their weight than people who didn't get any natural light, regardless of what they ate throughout the day.

 

 



See the rest of the story at Business Insider

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Meet the top 50 female CFOs in America

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unnamed 2

Female finance chiefs are rising.

The Fortune 500 list of the largest companies in America now features 58 female CFOs, more than double the 22 female CEOs who are featured on the list. 

To find out more about these leaders, we compiled a list of the top 50 female CFOs based on the rank their company holds on the 2015 Fortune 500 list, an annual ranking based on each company's gross revenue.

The following 50 women control the financial futures of some of America's largest and most respected brands — from Chevron and Google to Coca-Cola and Macy's.

Scroll down to meet the execs.

SEE ALSO: The 25 highest-paid CFOs

DON'T MISS: 6 people who landed the CFO job by age 30

50. Kathy Willard, Live Nation Entertainment Inc.

Fortune 500 Rank: 392

Willard oversees the finances of the world's largest live-entertainment, ticketing, and e-commerce company. Before her CFO duties she worked at the company for nine years in roles that included executive vice president and chief accounting officer.

She started her career with Arthur Andersen in 1988, where she worked in audit for five years. She holds a BA in business administration from the University of Oklahoma.



49. Barbara Niland, Huntington Ingalls Industries Inc.

Fortune 500 Rank: 390

Niland is chief financial officer of Huntington Ingalls Industries, America's largest military shipbuilding company and a manufacturing, engineering, and management-services firm focused on the nuclear energy, oil, and gas markets.

Previously, Niland served as vice president of business management and CFO for Northrop Grumman Shipbuilding and Northrop Grumman Newport News. She began her career with Westinghouse — later becoming Northrop Grumman Electronic Systems — in 1979 and held a number of financial and business-management positions at company locations.

She earned her bachelor's degree in finance from Towson State University and a master's in business administration from the University of Maryland University College.



48. Barbara Smith, Commercial Metals Co.

Fortune 500 Rank: 388

Smith is the chief financial officer and senior vice president of Commercial Metals Co. She has more than 24 years of experience in international and North American business activities.

She previously served in financial roles at Alcoa Inc., including group chief financial officer for the aerospace, automotive, and commercial transportation group; vice president; chief financial officer; and director of internal audit.

Before joining CMC, Smith served as the CFO, assistant secretary, and vice president of finance for Gusap Partners, a subsidiary of Gerdau Ameristeel Corp. She also acted as the CFO for Gerdau AmeriSteel Corp.



See the rest of the story at Business Insider

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Here's how much money you can make working at Netflix (NFLX)

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reed hastings, netflix, sv100 2015

Netflix is so popular that it uses over 35% of the bandwidth in North America. And keeping a juggernaut like Netflix running requires a large team of designers, engineers, managers, and customer service representatives. 

Netflix is willing to shell out lots of money to make sure it recruits people who can deal with the fast pace of its product development, seeking out employees who can thrive in a hands-off work environment.

Using data from Glassdoor, we compiled a list of the highest salaries you can earn while working at Netflix, ranked from lowest to highest. 

(Note: Some positions listed on Glassdoor were excluded because there weren't enough shared salaries. Each average salary included in this roundup has at least 5 reviews.)  

14. Customer Service Supervisor III

Salary:$70,937

A customer service supervisor oversees the work of customer service representatives, who at Netflix surely deal with at least a few angry people who just want to watch a movie. Glassdoor reviewers describe the customer service department as flexible and not built on a script. But one reviewer says that sometimes customer service is also the last department to know about changes in the company.



13. Operations Manager

Salary: $75,072

Operations managers deal with the day-to-day operations of a company, monitoring and managing operational costs, according to Payscale. Netflix is a company where the operations of the company has shifted significantly with the move away from DVD and toward streaming. As one Glassdoor reviewer wrote in about the DVD side in 2009, “Relax. You will all be out of work in 5-7 years when everything goes online streaming.”



12. Software Engineer

Salary: $143,846

Software engineers design and build software. At Netflix, this can span all the various different departments needed for such a complex product. One Glassdoor reviewer says, “If you are a passionate engineer who likes to solve hard problems, you will love Netflix.”



See the rest of the story at Business Insider

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Ikea's incredibly futuristic table replaces your stove, your cookbook, and your brain

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The table— yes, the humble table — is the future of the home.

That's according to Marcus Engman, Ikea's head of design.

"Personally, I do believe that the table is going to be extremely important for the future," Engman says."That's going to be the masterpiece of the home. It used to be, hundreds of years ago, that was the big piece."

Ikea's plans for the table are, to say the least, ambitious. For EXPO Milano 2015, the company previewed a concept table called the Table For Living, which tells you what you can make with various ingredients and heats your food, no stove required.

Ikea created the prototype with the help of the global design consultancy Ideo, which recently gave us a behind-the-scenes look at how the table was brought into the world. 

Here's how it happened.

Standing in Ikea's booth at the EXPO Milano 2015 design festival, the table looks unassuming.



"Ikea came to Ideo to help explore behaviors around food and how that would impact designing the kitchen of 2025," says Ideo design director Juho Parviainen. "At the outset, the team thought about the kitchen from the perspective of designing for behaviors, not just things." Below is a clip from the concept video.

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The design team — along with members from Ikea, Ideo, Lund University, and Eindhoven University of Technology — wanted to create a table that would help people become more confident cooks and lead more sustainable lives.



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The 12 best large colleges in America

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UCLA

People often tend to associate large universities with less individualized instruction and, overall, less prestige.

But our seventh annual ranking of the 50 best colleges in America suggested otherwise.

Our list ranks colleges by median starting salary, average SAT score, and a survey that asked more than 1,000 Business Insider readers to choose the colleges that best prepared students for success after graduation. Read our full methodology here.

More than a quarter of the colleges on our list clocked in with an undergraduate enrollment of more than 10,000 studentsRead on to find out which large colleges made the cut.

SEE THE FULL LIST: The 50 best colleges in America

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12. Boston University

Undergraduate enrollment: 18,017

Average SAT score: 1945

Median starting salary: $50,100

The Boston University alumni community is full of Nobel Prize and Pulitzer winners, Fulbright scholars, and poets laureate. The school received over $350.3 million in grants and contract awards last year, powering it as one of the top research universities in the country.



11. University of Illinois at Urbana-Champaign

Undergraduate enrollment: 32,959

Average SAT score: 2030

Median starting salary: $55,000

Located about 140 miles south of Chicago, the University of Illinois is home to one of the largest public-university library collections in the world, with more than 24 million volumes across more than 20 area-studies libraries. Students can also take advantage of more than 400 study-abroad programs in more than 60 countries.



10. University of Texas at Austin

Undergraduate enrollment: 39,523

Average SAT score: 1900

Median starting salary: $52,200

Ranked No. 17 for top public universities in the country by US News and Money magazine, UT has nearly half a billion alumni all toting Longhorn pride, including award-winning actor Matthew McConaughey, filmmaker Wes Anderson, journalist Walter Cronkite, and many members of the Bush family. More than 15 of UT's undergraduate programs are ranked in the top 10 nationally.



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Bill Ackman and some of the best tennis players in global finance faced off in the first Finance Cup

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Gardell, Ackman

While Novak Djokovic and Roger Federer prepared for the finals at the US Open in Flushing Meadows Corona Park Sunday, Wall Street's biggest hitters were playing in their own version of a Grand Slam.

Team Wall Street took on Team Europe in the first "Finance Cup" Saturday on Randall's Island.

The Finance Cup was co-organized by London-based portfolio manager David Anving and New York-based investment banker Jeffrey Appel.

Appel, nicknamed the "Mayor of New York Tennis," has been credited with helping young tennis players land jobs on Wall Street. He's also credited for bringing hedge fund manager Bill Ackman, founder of Pershing Square Capital, back into the tennis world.

The tournament was an incredible opportunity for folks in the finance community to network and catch up with colleagues from overseas. Next year, the event will be held in London on grass courts.

The event was originally supposed to be held at the New York Athletic Club's outdoor tennis courts in Pelham, New York. Because of inclement weather, however, the event was relocated to Randall's Island. It was steamy and hot inside the bubble. All the players looked like they had gone swimming.

After three intense rounds, Team Wall Street came out with an 8-1 victory. The main event, of course, was the battle of the activist investors: Pershing Square Capital's Ackman vs. Cevian Capital's Christer Gardell.

Ackman's team came out victorious, too.

We've included photo highlights and scores below.

Team Wall Street's Amer Delic, the current Davis Cup captain for Bosnia, teamed up with fellow 6-foot-5 player Mario Ancic. Ancic, who works for Credit Suisse, hit a shot which Bill Ackman described as one of the best he had ever seen.



Ancic, 31, graduated from Columbia Law School and is now working in the leveraged finance group at Credit Suisse. At one point, he was ranked No. 7 in the world for singles. He had a win against Roger Federer at Wimbledon.



Team Europe's Ludovic Walter, 31, brought out the big serve that once made him rank as high as 279 in the world. Walter played No. 1 for Duke and is currently an associate at Cohen Partners in London.



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How Labour's most rebellious member went from being an outsider to its newest leader

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Labour Party leader Jeremy Corbyn

In the space of three months, Jeremy Corbyn has gone from fringe member of the UK opposition Labour party to leading it.

Corbyn won the leadership vote by a landslide on Saturday with 59.5% of the vote, beating Tony Blair's haul in 1994. 

It's a strange turn of events for a man who has spent a lot of his political career fighting his own party.

He's been called "unelectable" because of his radical policies, which include giving people the chance to opt out of spending their taxes on the military and renationalising the major utilities.

Here are a few choice moments from his life and career that might go some way to answering the question of just who Jeremy Corbyn is.

Corbyn was born in idyllic Wiltshire in 1949. His parents were peace campaigners who met during the 1936 Spanish Civil War.



He's been a left-winger for most of his life. While still at school he became active in his local Labour party as well as the League Against Cruel Sports.



He was first elected as Member of Parliament for Islington North in 1983 and has been reelected seven times. Most recently in 2015 he gained 60.24% of the vote and a majority of 21,194 votes.



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