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MORGAN STANLEY: The 7 biggest risks to the global economy

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monkey-gator-aligator-crocodile-alligator-danger-dangerous-risky-dare-devil

Cover all your bases.

That's the tone of Morgan Stanley's note Monday that tracked the route of the global economic recovery.

"While our base case view is for a continued, moderate expansion, we acknowledge that the risks to our global growth forecasts are skewed towards the downside," the Morgan Stanley analysts wrote.

The analysts highlighted monetary easing, falling oil prices and inflation as key risks. 

Scroll down for the seven key risk scenarios that could shake up markets across the globe. 

 

The US dollar appreciates, the Fed holds steady, and consumer spending drops

What could happen:

In Morgan Stanley's "risk scenario," the US dollar continues to appreciate at a pace, and despite inflation coming in below target the Fed does not ease monetary policy. 

That creates volatility in risk assets like equities, and together with weaker growth that impacts consumer sentiment and spending.

 



Political uncertainty and a strong euro weighs on investment in Europe

What could happen:

Continued economic weakness could weigh on capital expenditure and productivity, according to Morgan Stanley.

No growth and a stronger euro could see the Euro Area shrink for a period of three or six months, leading the European Central Bank to extend quantitative easing into 2017. 

 



Japan takes a hit from weaker global demand

What could happen: 

A slow recovery in consumer spending could see the recovery in capital expenditure falter. Export demand falls and financial markets correct.

 



See the rest of the story at Business Insider

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Two friends tried to create a new time zone — and they sort of succeeded

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taeyoon choi, e roon kang, personal time

Taeyoon Choi and E. Roon Kang have a plan to disrupt time. More specifically, they want to ditch standard time in favor of a made-up alternative called "elsewhen." This imaginary time zone would measure each passing minute, not by the rotation of the earth, but by a person's perception of how much time has gone by. 

The idea first struck the duo during a video-chat with clients living on the other side of the world. In this virtual hangout, they existed in a unique timespace they created and shared only momentarily.

"It's almost like we were floating someplace else, between Seoul and New York, and not completely belonging to either," Kang, a TED Fellow, said on stage at one of the organization's retreats, where he recounted their journey.

Over the summer, Choi and Kang decided to make "elsewhen" a reality through a workshop they titled In Search of Personal TimeHere's how their time-traveling adventure played out.

First, Choi and Kang needed to create a clock that would reflect an individual's personal perception of time, rather than counting 86,400 seconds in a day.



This is the personal timekeeper. It's a numeric display powered by the microcomputer Raspberry Pi and encased in balsa wood, with a multipurpose button on top.



One afternoon at the Los Angeles County Museum of Art, they handed out the timekeepers to a dozen study participants.



See the rest of the story at Business Insider

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15 jobs that are impossible to explain to your parents

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man on laptop at data centerMany parents have no idea what their adult kids actually do every day. But they want to understand.

In LinkedIn's 2015 global study, more than half of the 1,390 parents surveyed admitted they aren't very familiar with what their child does for a living, while one in three parents said they don't understand their kids' jobs at all.

To help bridge the gap, here are 15 of the most misunderstood jobs in America, according to LinkedIn's survey, and how you could explain them to struggling parents.

SEE ALSO: 15 jobs that are quickly disappearing

DON'T MISS: 25 great jobs that let you have a life outside of work

15. Software Developer

Parents who don't get it: 83%

How to explain it to your mom: You design and fix the technology that many people use every day, from phone apps to computer programs.



14. Sales Executive

Parents who don't get it: 83%

How to explain it to your mom: You find people who could benefit from your company's product or service, sell to them, and keep the relationship going by answering their questions, offering advice, and introducing new products.



13. Laboratory Technician

Parents who don't get it: 84%

How to explain it to your mom: You perform experiments in a laboratory, make observations and analyze the results, and develop conclusions based on your findings.



See the rest of the story at Business Insider

Here are the animals that are winning and losing to climate change

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ngm_november_2015_cvrAlong with a changing environment inevitably comes a changing set of animals.

For some, climate change is forcing them to adapt and find new habitats to live in. But for others, their changing environments are seriously threatening their existence.

In a series of images from theNovember issue of National Geographic magazine, photographer Joel Sartore captured the animals are in the best and worst shape to survive climate change.

CHECK OUT: Giant, ancient viruses are thawing out in Siberia — and they're changing everything we thought we knew about them

UP NEXT: These 10 cities have the worst air pollution in the world, and it is up to 15 times dirtier than what is considered healthy

Loser: Arctic Fox. This furry creature does best in the coldest of winters. With their Arctic tundra habitat melting, the Arctic foxes will have less of a shot at finding food for their pups.



Winner: American Bullfrog. These amphibians are doing a great job at being an invasive species. The bullfrog has made its way onto other continents, so the threat of climate change may come more as a boost than a hindrance.



Loser: White-Fronted Lemur. National Geographic reports that these lemurs in Madagascar will lose 60% of their habitat in the next 70 years. But, the biggest problem will be the pressure of a growing human population and its ever-more-intensive farming practices.



See the rest of the story at Business Insider

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A 23-year-old Google employee lives in a truck in the company's parking lot and saves 90% of his income

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google headquarters

When 23-year-old Brandon headed from Massachusetts to the Bay Area in mid-May to start work as a software engineer at Google, he opted out of settling into an overpriced San Francisco apartment. Instead, he moved into a 128-square-foot truck.

The idea started to formulate while Brandon — who asked to withhold his last name and photo to maintain his privacy on campus — was interning at Google last summer and living in the cheapest corporate housing offered: two bedrooms and four people for about $65 a night (roughly $2,000 a month), he told Business Insider.

"I realized I was paying an exorbitant amount of money for the apartment I was staying in — and I was almost never home," he says. "It's really hard to justify throwing that kind of money away. You're essentially burning it — you're not putting equity in anything and you're not building it up for a future — and that was really hard for me to reconcile."

SEE ALSO: To avoid outlandish rent prices, one San Francisco woman moved onto a 136-square-foot sailboat

He started laying the groundwork for living out of a truck immediately, as he knew he'd be returning to work full time in San Francisco. A school year later, he was purchasing a 16-foot 2006 Ford with 157,000 miles on it.

It cost him an even $10,000, which he paid up front with his signing bonus. His projected "break-even point" is October 21, according to the live-updating "savings clock" he created on his blog, "Thoughts from Inside the Box."



His one fixed cost is truck insurance — $121 a month — as he doesn't use electricity, and his phone bill is handled by Google.

"I don't actually own anything that needs to be plugged in,"he explains on his blog. "The truck has a few built-in overhead lights, and I have a motion-sensitive battery-powered lamp I use at night. I have a small battery pack that I charge up at work every few days, and I use that to charge my headphones and cellphone at night. My work laptop will last the night on a charge, and then I charge it at work."

The space is sparse and minimal, he says: "The main things that I have are a bed, a dresser, and I built a coat rack to hang up my clothes. Besides that, and a few stuffed animals, there's pretty much nothing in there."



As for food and showers, that's all on Google's campus. He eats breakfast, lunch, and dinner at work and showers every morning in the corporate gym post-workout.

Few expenses mean significant savings: "I'm going for a target of saving about 90% of my after-tax income, and throwing that in student loans and investments," he says.

He graduated with $22,434 worth of student loans, and has paid it down to $16,449 over the course of four months. "As a conservative estimate (and taking bonuses into consideration), I expect to have them paid off within the next six months, saving thousands of dollars over the standard 10-year, or even 20-year plans," he says.

Additionally, saving on rent has allowed him to dine at nice restaurants and enjoy San Francisco more than if he opted for living in an apartment.



See the rest of the story at Business Insider

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The craziest small arms maneuvers by South Korean SWAT, in 9 GIFs

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South Korean SWAT

With a multitude of potential threats radiating over the border from North Korea, South Korea can not be lax when it comes to security. 

As such, Seoul places a premium value on the training and capabilities of its military and police forces. This is clearly illustrated through the para-military capabilities of the South Korean National Police (KNP) SWAT teams.

A 2014 video from LiveLeak shows the incredible training in small arms maneuvers that these SWAT members go through.

The KNP is responsible for most security operations within the country, including counter-terrorism measures, riot control, and hostage negotiations. The KNP also, on occasion, carries out join exercises with the Korean Coast Guard and Army.

The highlights of the KNP training video are in the following GIFs:

SEE ALSO: Incredible photos of the military drill that freaked out North Korea

A trainee practices strafing while alternating fire between a pistol and a submachine gun.

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Trainees practice disarming, and counter disarming, techniques.

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A prospective SWAT team works in a pair, coordinating movement and cover fire.

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20 books Mark Zuckerberg thinks everyone should read

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Facebook CEO Mark Zuckerberg has made a tradition of dramatic New Year's resolutions, and this year he decided that he'd read a book every two weeks.

He wanted his selections to focus on "different cultures, beliefs, histories, and technologies."

"Books allow you to fully explore a topic and immerse yourself in a deeper way than most media today,"Zuckerberg wrote on his personal Facebook page. "I'm looking forward to shifting more of my media diet towards reading books."

To achieve this, he started the A Year of Books book club, in which he discusses the books he's reading with members of the Facebook community.

We've put together a list of his picks and why he thinks everyone should read them.

SEE ALSO: 5 books that inspired billionaire CEO Elizabeth Holmes

'Why Nations Fail' by Daren Acemoğlu and James Robinson

"Why Nations Fail" is an overview of 15 years of research by MIT economist Daren Acemoğlu and Harvard political scientist James Robinson, and was first published in 2012.

The authors argue that "extractive governments" use controls to enforce the power of a select few, while "inclusive governments" create open markets that allow citizens to spend and invest money freely, and that economic growth does not always indicate the long-term health of a country.

Zuckerberg's interest in philanthropy has grown alongside his wealth in recent years, and he writes that he chose this book to better understand the origins of global poverty.

Find it here »



'The Rational Optimist' by Matt Ridley

"The Rational Optimist," first published in 2010, is the most popular and perhaps the most controversial of popular science writer Matt Ridley's books.

In it, he argues that the concept of markets is the source of human progress, and that progress is accelerated when they are kept as free as possible. The resulting evolution of ideas will consistently allow humankind to improve its living conditions, despite the threats of climate change and overpopulation.

Zuckerberg says that he picked up this book because it posits the inverse theory of "Why Nations Fail," which argues that social and political forces control economic forces. "I'm interested to see which idea resonates more after exploring both frameworks,"Zuckerberg writes.

Find it here »



'Portfolios of the Poor' by Daryl Collins, Jonathan Morduch, Stuart Rutherford, and Orlanda Ruthven

Researchers Daryl Collins, Jonathan Morduch, Stuart Rutherford, and Orlanda Ruthven spent 10 years studying the financial lives of the lowest classes of Bangladesh, India, and South Africa.

A fundamental finding that they include in "Portfolios of the Poor" is that extreme poverty flourishes in areas not where people live dollar to dollar or where poor purchasing decisions are widespread, but instead arises where they lack access to financial institutions to store their money.

"It's mind-blowing that almost half the world — almost 3 billion people — live on $2.50 a day or less. More than one billion people live on $1 a day or less,"Zuckerberg writes. "I hope reading this provides some insight into ways we can all work to support them better as well."

Find it here »



See the rest of the story at Business Insider

These are the 25 best business schools if you want to found your own startup — and get it funded

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Stanford University

When we think about company founders, especially in the tech industry, there's the enduring story of the college dropout.

Legendary founders like Bill Gates and Mark Zuckerberg couldn't be contained by college — let alone grad school. But sometimes the foundational knowledge and connections acquired in business school can be useful for a founder.

And business schools are just much better at helping aspiring entrepreneurs. PitchBook tracked business-school graduates over the last five years and found which ones were churning out founders and companies, as well as raising capital.

Many of the top schools on the list are, unsurprisingly concentrated around hot tech scenes. This includes the more obvious Berkeley and Stanford, as well as other rising hubs like Tel Aviv.

Read on for the 25 best business schools for entrepreneurs.

25. University of Washington

Entrepreneurs: 40

Companies: 36

Capital Raised: $69 (in millions)

 



24. Cornell

Entrepreneurs: 41

Companies: 41

Capital Raised: $215 (in millions)



23. HEC Paris

Entrepreneurs: 42

Companies: 42

Capital Raised: $275 (in millions)



See the rest of the story at Business Insider

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NFL POWER RANKINGS: Where all 32 teams stand going into Week 7

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peyton manning

Hey, pretty nice week, NFL!

Following a few weeks without any marquee matchups, Week 6 provided fans with something a little more to look forward to.

The Colts-Patriots rematch generally lived up to the hype, as the Colts looked perhaps a step closer to competing with their bigger, better conference rivals. While the Eagles-Giants Monday night matchup was a bit of a flop, there were some surprisingly tight finishes in ugly, yet entertaining games between the Lions and Bears and the Broncos and Browns.

In a strange season, five teams remain undefeated, and the NFL world seems to only believe in three of them. Conversely, only six teams have 4-2 or 3-3 records, meaning there's a top-heavy grouping and a lot of teams below .500.

Check out the rankings after six weeks below.

1. New England Patriots

Record: 5-0

Week 7 opponent: vs. New York Jets

Week 6 MVP: LeGarrette Blount loves facing the Colts. Blount ran for 98 yards and a touchdown and added his first career receiving touchdown, too.

One thing to know: Tom Brady gets credit for turning water into wine, but between Blount, Dion Lewis, Rob Gronkowski, and Julian Edelman, it feels like the Patriots have a refrigerator full of options each week.



2. Green Bay Packers

Record: 6-0

Week 7 opponent: BYE

Week 6 MVP: Damarious Randle, who knocked away Philip Rivers' pass in the end zone on 4th-and-goal to preserve the Packers' perfect season.

One thing to know: Running back Eddie Lacy is "beat up" and will be resting during the bye week.



3. Cincinnati Bengals

Record: 6-0

Week 7 opponent: Bye

Week 6 MVP: Andy Dalton continues to impress, this time with an efficient 22-33 outing for 243 yards, three touchdowns, and no interceptions.

One thing to know: When the Bengals come out of their bye, they face a big division game against the likely healthy Steelers that will say a lot about the AFC North race.



See the rest of the story at Business Insider

6 shaving tips from a vintage barber's manual

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Shaving

From the tools we use to the brands we trust, much has changed since the days of the straight-razor shave. However, while the details of shaving have evolved over time, the core fundamentals remain largely unchanged.

To better understand how it all began, we examined a series of old barbershop manuals—written at the turn of the 20th century—in search of wisdom. The first is anessay on shave tools, written by Napoleon Le Blanc in 1895 for a Kansas City barber’s catalogue.

The others are versions of The Barber’s Manual, a standardized handbook once published by the Associated Master Barbers of America (we chose editions from 1898 and 1911). Here are some handpicked insights.

 

SEE ALSO: Gentlemen, here's how you get dressed for work in 5 minutes or less

On acquiring the proper tools

"Always buy the best and highest grade of razors, hones and strops. Then you will be prepared to do the best work. You may argue that some Barbers have good enough success with cheap tools, but you fail to realize that such Barbers, with the use of better tools, would become artists and experts." (Essay on Barbers' Razors, Razor Hones, Razor Strops and Razor Honing, 1895)

The Takeaway: A shoddy blade may get the job done, but that shouldn’t be your only priority. For a close shave that looks and feels superb, we recommend using a safety razor.



On choosing a soap

"Recently, a writer in one of the journals published in the interest of barbers, said most truly: ‘Cheap soaps are an abomination in disguise.’ You might as well try to fly as to soften a man's beard with that kind of stuff." (The Barber’s Manual, 1898)

The Takeaway: When assembling your shave kit, every piece matters, including your choice of cleanser. Schulz & Malley Cleansing Face Wash pairs a simple, effective formula with an old-school apothecary vibe.



On prepping the beard

“It makes little difference how good or sharp the razor, or how skillful the barber, unless the beard is properly prepared, the shave will leave the customer's face irritated, with a smarting and burning sensation that is anything but pleasant.” (The Barber’s Manual, 1898)

The Takeaway: A great shave demands preparation, not just good technique. To soften your scruff and cut down on razor burn, preface your shave with a preshave oil.



See the rest of the story at Business Insider

These animals were genetically modified to glow in the dark or have other crazy traits

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lab mouse mice rat

Frankenstein may be a work of fiction, but these experiments are real.

For decades, scientists have been tweaking the genes of animals to give them desirable (and sometimes just plain bizarre) traits. This is possible thanks to gene editing techniques that make it possible to easily cut and paste DNA.

Here are some of the weird and wacky experiments researchers have done on animals over the years. Could humans be next?

 

SEE ALSO: Chinese scientists want to sell these teensy genetically-engineered pigs as pets

RELATED: CRISPR, the fancy new technology that lets people edit genes, could have an unprecedented and horrific consequence

Dolly the sheep

In 1996, British scientists created the first cloned sheep, named Dolly, by transferring the nucleus from an adult cell into an unfertilized premature egg whose nucleus had been removed, a process called nuclear transfer. Sadly, Dolly died of a lung disease at the age of six.

 



Glow-in-the-dark mice

And in 2002, scientists at Caltech created glow-in-the-dark mice by injecting single-celled mouse embryos with a virus that contained a jellyfish gene for green fluorescence. Researchers have since created glow-in-the-dark fish, cats, and other animals. 

Image source: Ingrid Moen, Charlotte Jevne, Jian Wang, Karl-Henning Kalland, Martha Chekenya, Lars A Akslen, Linda Sleire, Per Ø Enger, Rolf K Reed, Anne M Øyan and Linda EB Stuhr: Gene expression in tumor cells and stroma in dsRed 4T1 tumors in eGFP-expressing mice with and without enhanced oxygenation. In: BMC Cancer. 2012, 12:21. doi:10.1186/1471-2407-12-21



Less farty cows

Some of these experiments serve a noble purpose. Researchers at the University of Alberta in Canada found the bacterium that produces methane, and in 2009, they created a line of cattle that produces 25% less of the smelly gas than the average cow. This is important because methane from cows is a major source of the greenhouse gases causing global warming.



See the rest of the story at Business Insider

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Dilbert creator Scott Adams presents his 10 favorite comics of all time

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Dilbert, the well-known comic strip by cartoonist Scott Adams about the office everyman and his crew of incompetent colleagues, was the first syndicated comic that focused primarily on the workplace when it launched in 1989. Five years later, it had become so successful that Adams quit his corporate career to work on it full-time.  

It wasn't a straight line to success. Early versions of the comic were rejected by several publications, including The New Yorker and Playboy. It wasn't until an editor at United Media saw it and recognized her own husband in the character that it finally got its start, says Adams in his book, "How to Fail at Almost Everything and Still Win Big." 

Ever since, the comic has explored topics like the inefficiency of meetings, the uselessness of management, and the absurdity of office politics. 

Exclusively for Business Insider, Adams looked through the archives of Dilbert.com and shared his 10 favorite comics. Below, he explains why he chose each and counts them down to his absolute favorite of all-time.

SEE ALSO: The 10 funniest Dilbert comic strips about idiot bosses

DON'T MISS: ‘Passion is BS’ and other life advice from Dilbert creator Scott Adams

10. October 10, 2009: "Dream job"

"This comic causes the reader to imagine a funny future in which Wally will only pretend to do the assignment. Humor sometimes works best when one suggests what is coming without showing it. People laugh harder when they need to use their imaginations to complete the joke. 

"I also like comics in which characters are unusually happy about something trivial, evil, or selfish. That juxtaposition is always funny to me.

"Another technique I often use involves characters saying things that should only be thought. That creates the inappropriateness that gives it an edge."



9. September 24, 2009: "Opportunities"

"Management-by-slogan usually comes across to employees as ridiculous and condescending. That, in part, is what makes the staff in this comic so uncaring about the boss's house burning down. The ordinary evil of regular people is always funny to me. It's easy to relate to it."



8. November 12, 2009: "Roll a donut in front of the cave"

"A common humor technique involves juxtaposing something of immense importance with something trivial. The pairing of things that don't belong together makes your brain 'sneeze' in the form of a laugh. In this comic, Wally is comparing his digestive system to Jesus rising from the dead. A dash of spiritual inappropriateness gives it some seasoning."



See the rest of the story at Business Insider

This woman who makes a cameo in 'Hotline Bling' is one of the music industry's biggest choreographers

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tanisha scott drake

The new music video for Drake's "Hotline Bling"spawned countless memes when it was released on October 19, and most of them included a woman who appears at the end of the video to dance with Drake.

That dancer is Tanisha Scott, one of the most popular choreographers in the music industry.

Usually, Scott is behind the scenes working with artists like Beyoncé and Rihanna. She's renowned in the world of pop music as a dancer with a style all her own — but she didn't even consider dancing professionally until college.

"No one dances like her," Director X, who directed the video, told Rolling Stone. "That was Drake's whole thing about dancing with her at the end.

Keep reading to learn about Scott's impressive career.

Tanisha Scott was born in Toronto to Jamaican parents. She spent a lot of time in Jamaica growing up and says Jamaica "runs through [her] blood."

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Source: Life in a Day Of Tanisha Scott  



When she was in college, she joined a dance crew and realized she had a gift for movement.

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Source: Life in a Day Of Tanisha Scott 



"I actually never went to any formal dance classes or whatnot," she said. "I never did ballet or tap or jazz. I had an appreciation for it all, but I danced every day at home."

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Source: Life in a Day Of Tanisha Scott 



See the rest of the story at Business Insider

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From Ferrari to Facebook: the incredible client list of Wall Street's most secretive firm

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Herb Allen Jnr

Some of the biggest names in tech, telecom, and the media industries have one thing in common.

The tiny financial advisory firm quietly advising them on deals behind the scenes: Allen & Co.

The firm worked on the initial public offering of Ferrari, which priced on Tuesday night.

It is also an adviser on the flotation of Match Group, which is behind some of the world's biggest dating apps and websites.

Those are just the latest in a long line of landmark roles for the firm. It has previously worked on deals for the likes of Facebook and Google.

The firm shuns the spotlight. It has no website (this one belongs to a different company), and employs fewer than 200 people. A spokesperson for the firm did not respond to a call seeking comment in time for publication.

Herbert Allen Jr. led the company for years, and has a seat on the board of Coca-Cola. His son Herb Allen III, who is now CEO at the firm, was named on Vanity Fair's new establishment list in 2012.

Many of the deals the company works on are birthed during the firm's secretive annual Sun Valley Conference, which is sometimes described as the "Billionaire's Summer Camp."Hollywood celebrities mingle with CEOs like Bill Gates and Elon Musk.

Here is a list the firm's best-known clients.

Data and numbers regarding deals and Allen & Co.'s clients courtesy of Dealogic.

Disclosure: Allen & Co. was an early investor in Business Insider.

Ferrari

Sector: Auto 

About: The IPO of luxury carmaker Ferrari is one of the most hyped deals of 2015. 

The Italian supercar maker priced its initial public offering on Tuesday at $52 per share, with shares trading up at the open.

Allen & Co. was a bookrunner 0n the deal.



Time Warner Cable

Sector: Telecom

About: Allen & Co. advised Time Warner Cable on its $80 billion merger with Charter Communications, which was announced in May 2015. The deal will make the combined entity the second-largest cable provider in the US.



PayPal

Sector: Technology

About: Allen & Co. advised on the separation of PayPal and eBay in July 2015, in a deal worth $49.16 billion.



See the rest of the story at Business Insider

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The 20 highest-paying jobs for women

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doctor

The gender wage gap is pervasive in many industries, especially those still dominated by men.

But there are some fields where women not only make up a high percentage of the workforce, but they earn competitive pay doing it.

PayScale recently looked at occupations with the highest median pay for women with five to eight years of experience. To highlight jobs in which women frequently work, only those where at least 40% of workers identified as female were included.

"The highest-paying job on the list, general physician, is only one of the many healthcare occupations for which women bring in a large paycheck," notes Gina Bremer, PayScale's lead data analyst and data visualization specialist.

A number of well-paying healthcare occupations feature high concentrations of women. More than 90% of nurse practitioners and a little less than half of general physicians are women, Bremer tells Business Insider.

Check out the full list of jobs where women earn the most:

SEE ALSO: 25 great jobs that let you have a life outside work

20. Associate Attorney

Percentage of women: 47%

Median pay: $86,800



19. Auditing Manager

Percentage of women: 40%

Median pay: $87,000



18. Product Marketing Manager

Percentage of women: 45%

Median pay: $87,700



See the rest of the story at Business Insider

How to never pay an ATM fee again

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Man at Bank of America ATM

Whether it be out of laziness or ignorance, we continue to pay ATM fees— and the seemingly insignificant charges can add up over time.

If you're using one of the traditional "big banks" you'll likely get hit with two fees if you don't use their machine: one from the ATM for the privilege of withdrawing cash, and one from your own bank for going out-of-network.

Thanks to the double charge, consumers these days are paying an average of $4.35 each time they use an out-of-network ATM.

The good news is that these fees are easily preventable. Never pay an ATM fee again by following these basics:

SEE ALSO: 13 simple ways to improve your finances in an hour or less

Use your bank's ATM.

The simplest way to avoid fees is to withdraw cash from your bank's ATM. A good rule of thumb: "If it's not your bank's logo, don't use it," says Nick Clements, co-founder of Magnify Money, a free, independent service that provides unbiased comparisons of financial products.

"The traditional bigger banks have invested heavily in building very large branch and ATM networks," he tells Business Insider. "If you use their network, it's free. If you don't use their network it can get really expensive."

If you live in a major city and use one of the traditional, bigger banks, there should be various ATM options nearby. Start by checking the online location pages for banks like Bank of America, Citi, Chase, and Wells Fargo, and put in the extra effort to get one of your bank's ATM machines. You can also look up the locations on your smartphone using the bank's mobile app. 

If your bank doesn't have convenient ATM options — or if you live in a smaller town with fewer ATMs — you may want to consider opening a checking account with a more accessible or online bank (more on that in a minute).



Get cash back.

Most grocery and convenience stores allow you to get cash back following a purchase with your debit card. It would be much more economical to go buy a pack of gum and ask for cash back than use a third-party ATM machine and get charged $2.50 or more. Or, make a habit out of asking for cash back after your weekly trip to the grocery store or Target.

This is the one "loophole" when it comes to ATM fees, Clements explains, as you don't get charged for this.

However, if you're relying on this option, keep in mind that most stores put a cap on how much you can get at the register: typically $40.



Find a bank that doesn't have fees.

If you're open to switching banks, online banks such as Ally and Bank of the Internet reimburse you for ATM fees, since they don't operate their own machines. For holders of the "High Yield Investor Checking Account,"Charles Schwab does the same, and even reimburses for international withdrawals (although to get this checking in the first place, you also need a Schwab brokerage account).

Not every online-only bank treats ATM fees the same way — some only reimburse fees up to a certain amount each month, for example — so make sure you know the policies before committing.

While these online banks can save you on ATM fees — and tend to offer higher interest rates for their savings accounts — Clements notes that if you have to make a lot of cash deposits, this may not be the best option for you, as you can't deposit cash into internet-only banks.



See the rest of the story at Business Insider

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People are carving 'Trumpkin' jack-o-lanterns to look like Donald Trump

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Donald Trumpkin

It's time to make Halloween great again. 

In honor of the one and only Donald Trump, people are carving and decorating their pumpkins to look just like him. 

Signature hairstyle included, of course. 

If you're looking for some Trumpkin inspiration, Instagram is a great place to start. Search for #Trumpkin to see dozens of pumpkins turned into spot-on renderings of the GOP presidential candidate. 

Check out 17 of our favorite Trumpkins, courtesy of Instagram.  

Trumpkins have varying levels of attention to detail.

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They all have one thing in particular in common, though: a distinctive hairdo.

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Bonus points for a "Make America Great Again" baseball cap.

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See the rest of the story at Business Insider

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BRE-X: The $6 billion gold fraud that shocked the global mining industry

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In 1993, a prospector named Michael de Guzman walked out of the jungles of Borneo with extraordinary news: he found gold.

This is according to MasterMinds, a Canadian true crime documentary television series produced by truTV.

For the next three years, de Guzman produced thousands of core samples riddled with gold.  Canada's CBC News has a detailed timeline of the events.

During that period, the market value of de Guzman's employer, Bre-X Minerals, went from nothing to $6 billion.  BusinessWeek notes that Wall Street's top analysts were extremely bullish on the stock.  Big funds poured money into the stock and the world's major miners wrestled for a piece of the action.

The problem: there was no gold.

As the story unraveled, records mysteriously burned and people unexpectedly died.  Questions were left unanswered.

There are plenty of people who wish this story would just go away.  But just a few days ago, a lawyer representing one of the players in the Bre-X story was disbarred.

What follows is a summary of MasterMinds' telling of the incredible story.

NOTE: The images and the details in this feature are from MasterMinds. Many of the images are from reenactments of the events.

Michael de Guzman,a Filipino geologist, was struggling to get recognition from his employer. So, he devised a plan to get rich



He would convince the world that he had found gold in Borneo. But first he needed someone with credibility to corroborate his story



Enter geologist John Felderhof, who immediately got excited about the news. De Guzman convinced Felderhof that they needed an investor



See the rest of the story at Business Insider

We tried the Lay's chip flavor contest contenders — here's who we thought the real winner should be

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Southern biscuits and gravy. 

West Coast truffle fries.

New York Reubens. 

Greek gyros.

These are all sacred touchstones of American cuisine, representing the diverse cultural breadth of the US and its people. 

They're also chip flavors.

Frito Lay hosted its third "Do Us a Flavor" contest, in which people submit flavor ideas and the public votes on a winner.

On Wednesday, the company announced a winner — Southern biscuits and gravy.

We were curious to see for ourselves how the flavors stack up.

SEE ALSO: We tasted 4 pumpkin-spice lattes from major coffee companies — and the winner shocked us

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Here are our contenders, lined up and ready to try.



First up, Greektown Gyro. We were already skeptical of this flavor because of the name. When we opened the bag, an odd aroma of meat came out.



The first blast of flavor tastes exactly like gyro meat, which is a bit unsettling. We would describe this flavor as mysteriously meaty, with a hint of sour cream and onion. This is the only chip flavor contender that is kettle cooked — giving this meaty flavor chip a crunchy kick.



See the rest of the story at Business Insider

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Gorgeous photos of a rapidly vanishing natural wonder that could be gone before 2100

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The Great Aletsch Glacier is one of Europe's largest glaciers, winding over 14 miles through the Swiss Alps.

And it's vanishing rapidly.

Andreas Vieli, a professor heading a team of glaciology experts at the University of Zurich, recently told Reuters that the Aletsch Glacier could lost 90% of its ice before the end of the century from warming temperatures.

To make sure this majestic, vast river of ice is not forgotten, Switzerland-based news photographer  took these gorgeous photos of the Aletsch Glacier.

Enjoy.

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CHECK OUT: QUIZ: Are these pictures of Mars or Earth?

The Aletsch glacier in southern Switzerland is the largest glacier in the Alps. It's so large that you can see it from space, which is handy for tracking its retreat over time.



These two comparison photos, taken by NASA satellites, show how the outer edges of the Aletsch Glacier have shrunk. The top photo was taken in summer 2014; the bottom one was taken in summer 1987.



On either side of the Aletsch Glacier are mountains that can tower as tall as 2.5 miles.



See the rest of the story at Business Insider

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