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Here's What The Supreme Court Justices Looked Like When They Were Young

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Ruth Bader Ginsburg in high school and today

It seems strange, but before they took their seats on the U.S. Supreme Court, the justices played sports, went to school, and maybe even got into trouble like the rest of us. 

Ruth Bader Ginsburg was a cheerleader. Stephen Breyer was on the debate team.

And Samuel Alito had "great and ineffable thoughts." 

But the school days are gone, and you might not even recognize some of the justices in their younger days.

So, what did the justices look like before having to rule on health care, affirmative action, and surveillance laws?

Clarence Thomas

Left: Thomas in his undergraduate years at The College of the Holy Cross. He graduated in 1971.



Anthony Kennedy

Left: Kennedy, dressed in his Cub Scout uniform, poses with his little brother Tim, circa 1946.



Sonia Sotomayor

Left: Sotomayor as a young girl, age six or seven.



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The 10 Brands That Lost The Most Value This Year

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Moët & Chandon champagne bottles

Once again, Coca-Cola was ranked the most valuable brand in the world, according to Interbrand, one of the nation’s top global brands experts.

Apple, to the surprise of none, was very close behind. Considering the consumer electronics company’s growth, it will easily eclipse the long-time number one brand by next year.

See which brands tanked >

While some of the biggest brands—including Amazon.com, Samsung and Oracle – have grown their value by more than 20% since last year’s report, others have fallen precipitously. Goldman Sachs, still one of the world’s most valuable financial brands, lost 16% of its brand’s worth. BlackBerry lost nearly 40% of its brand’s value. Based on the Interbrand report, 24/7 Wall St. reviewed Goldman, BlackBerry and eight other brands that lost the most value compared to last year.

Several industries have grown substantially in the past year. Auto companies, still recovering from the recession, saw major gains in their brand value since the last report. Nine of the 11 large European, Japanese and American automakers on 100 most valuable brands list grew in value last year, up a combined 12%.

Together, technology firms measured by Interbrand, led by Apple’s stunning 129% brand value growth, have grown by nearly 27% to more than $320 billion in total value.

However, the performance of brands within the technology sector has been much more mixed than the auto industry. While Apple and Samsung are among the most improved brands compared to last year, the sector also has some that are the worst-performing—and that is not a coincidence. As Apple and Samsung have redefined the mobile phone market, brands like BlackBerry and Nokia are being left behind.

Brands are successful when they are able to redefine a market, Interbrand CEO, New York, Josh Feldmeth told 24/7 Wall St. He gives the example of Apple, which took the mobile phone market and turned it into an ecosystem in which consumers buy games, listen to music and browse the Internet on a single device.

When comparing the brands that are doing well to the brands that are struggling, Feldmeth said, the brands that have done well have been able to predict what people want in a market. “Strong brands anticipate needs and transform desires,” Feldmeth said.

Some sectors are struggling across the board, arguably none more so than financial services. In Interbrand’s 2008 report, the combined brand value of the financial services industry was more than to $130 billion. As of the 2012, brand value had fallen to just over $91 billion. The damage to banks is partially a result of negative press generated from the recession, but also in part because they are performing poorly as a business.

Feldmeth explained that a large part of Interbrand’s valuation comes from the performance of the company, and that has affected the Citigroup, J.P Morgan and some of the other large banks. “If you can’t make money with a brand, it’s not really valuable,” Feldmeth said.

24/7 Wall St. reviewed Interbrand’s Top 100 Global Brands 2012 report, which measures the period of July 1, 2011, to June 30, 2012. Included in the valuation of each brand were the strength of the brand, the financial success of the parent company and the extent to which the brand plays a role in that company’s success. 24/7 Wall St. also obtained the financials of each brand’s parent company, including market share and company revenue.

These are the brands that lost the most value over the past year.

#10: Dell

Pct. brand value decline: 9%
Brand value: $7.6 billion (49th)
Parent company: Dell Inc.
1-yr. change in revenue: -2.36%
Industry: Technology

Dell’s brand has consistently lost value over the past four years as the company has moved away from PC sales towards IT services, a strategy Hewlett-Packard Co. also has attempted with limited success. For 2012, Interbrand values Dell’s brand at $7.6 billion, the lowest it has been in the past 11 years.

Although it remains one of the world’s largest PC makers, this year’s second-quarter PC shipments declined by 11.5% from a year before. The company also has struggled to create a viable smartphone, and it stopped selling the devices in the United States in March.

Despite recent problems, Dell’s last annual report indicated that in fiscal 2012 “enterprise solutions and services business, a bellwether for execution of [the company’s] strategy, grew 6% to $18.6 billion, and was nearly 30% of revenue and almost half of gross margin dollars."



#9: Thomson Reuters

Pct. brand value decline: 11%
Brand value: $8.4 billion (44th)
Parent company: Thomson Reuters Corp.
1-yr. change in revenue: 1.5%
Industry: Business services

While Thomson Reuters used to be the dominant player in the financial terminal market, competitor Bloomberg has gained market share in recent years and has become the terminal to have on Wall St. Burton-Taylor International Consulting managing partner Douglas Taylor told Canadian Business in February that Bloomberg’s market share has finally caught up with Thomson Reuter’s, with each holding about a third.

“It’s perceived as the Mercedes product,” Taylor said of the Bloomberg terminal. “If you have a Bloomberg, you have the ultimate terminal.” The struggle to fend off challenges from Bloomberg and others led the Thomson family, the company’s controlling shareholders, to remove Tom Glocer as CEO in December.

But despite the company allowing the competition to gain on it, Interbrand notes that Thomson Reuters continues to lead its respective market in other key areas, such as legal research databases for law firms and the Checkpoint database for tax and accounting professionals.



#8: Honda

Pct. brand value decline: 11% (tied for 9th)
Brand value: $17.3 billion (21st)
Parent company: Honda Motor Company Ltd. (NYSE: HMC)
1-yr. change in revenue: 4.6%
Industry: Automotive

The brand valuation of the worldwide automotive industry has begun to recover after a major dip during the recession, rising from a total of about $128 billion in 2010 to over $160 billion in 2012. The value of all of the top car brands measured by Interbrand increased since the 2011 report, except for Honda and Kia. Honda’s brand value in 2012 of $17.3 billion—which is $13 billion less than its Japanese rival Toyota Motor Corp.’s brand—is the lowest since 2006.

Some events that have impacted the company were beyond its control, including the Japanese earthquake, which affected its manufacturing, and floods in Thailand that hurt some of its suppliers. The carmaker, though, is responsible to some of the damage to its brand. Honda has issued multiple major recalls in recent years, including one for more than 570,000 Honda-branded vehicles earlier this week.



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The 8 Best Entertainment Apps

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Jay-Z Beyonce BarclaysLast month, we published the App 100, a collection of the best apps across all platforms.

Realizing that 100 apps is a lot to digest, we decided to break up the list by category.

Over the next several days we'll republish the individual sections to help you get through the best apps easier.

Here's our definitive list of the best entertainment apps you can get today.

HBO Go, for watching HBO shows on demand

HBO Go gives you unlimited access to all of the channel's award-winning TV series whenever you want them. You can also watch the hottest movies as they become available on the go.

Price: Free (with an HBO subscription)

Available on:AndroidiOS, and Kindle Fire



Hulu Plus, for watching on demand network shows a day after air

The Hulu Plus app offers unlimited streaming of all your favorite shows available on the service. 

Hulu will let you stream full seasons of popular network TV shows to just about any device, including some connected TVs and streaming boxes. 

Price: Free (with monthly $7.99 Hulu Plus subscription)

Available on:AndroidiOS, and Kindle Fire



Netflix, for streaming movies and TV shows

The Netflix app is a gorgeous way to stream your favorite TV shows and movies. A cool feature is the ability to start watching on one device and continue watching on another.

Price: Free (with subscription, staring at $7.99 per month)

Available on: AndroidiOSKindle Fire, and Windows Phone



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Scientists Explain Why Titanic's Jack And Rose Could Have Lived

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titanic kate jack

After the release of Titanic 3-D, James Cameron received a lot of mail telling him that Rose was so selfish.

Viewers think Jack and Rose could have both stayed afloat on that piece of wood until rescue came.

There were even pictures posted on the internet of how two people could fit in the same amount of space that held Rose in the movie. 

With the help of James Cameron, Discovery Channel's MythBusters set out to find if Jack really had to die.

The MythBusters made miniature versions of Jack and Rose and a replica of the white oak piece of wood she was floating on. These replicas are one-quarter scale versions of the real actors' size and weight.

See the whole clip >



So, the MythBusters asked: What would happen if Jack just climbed on?

See the whole clip >



With two people on the door, the couple starts to sink. Luckily the MythBusters are there to save them. Now let's see what happens with real people.

See the whole clip >



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HOUSE OF THE DAY: Buy This Stunning Home In California Wine Country For $11.5 Million

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Healdsburg, CA $11.5 million estate

A picturesque home on a country road in Healdsburg, Calif. is on sale for $11.5 million.

The country manor has three bedrooms and five bathrooms, and sits on 50 acres of residential vineyards.

The listing describes the home as having a "soft rustic warmth with modern style."

The home was designed by San Francisco architectural firm BAR Architects.



The woodwork is all artisan crafted.



The kitchen has all granite countertops.



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Inside The Biggest Celebrity Chef Restaurant NYC Has Ever Seen

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guy fieri restaurant

"Diners, Drive-Ins and Dives" host Guy Fieri has become one of the biggest food show hosts out there, and it's only natural that he keeps trying to expand his brand.

He has a new restaurant called Guy's American Kitchen and Bar in New York City's Times Square — the capital of commercialization. Fieri already has seven restaurants out in California, but this is his first foray into New York.

The place is totally decked out in everything Guy — everything on the menu is Guy-branded, the decor represents everything that Guy likes, and there's a gift shop with Guy merchandise.

Former Travel Channel host Anthony Bourdain had some pretty strong — and colorful — words to describe Fieri's restaurant, dubbing it a "terror-dome."

Well, at 16,000 sq. ft. and with 500 seats, the place is absolutely huge. It's located in what was once The New York Times Building, where the newspaper was headquartered for nearly a century.

We visited the restaurant to check out what all the fuss was about. See for yourself.

Here we are at the three-floor complex in the former New York Times Building. It's located right next to Bowlmor Lanes and Discovery Times Square.



And there's Guy on a screen near the entrance, promoting his Food Network show.



Inside is the gift shop, packed with all sorts of Guy memorabilia.



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Felix Baumgartner's World-Record Jump Was Delayed To Avoid Skydiving Accidents Like These

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Skydiving

Austrian skydiver Felix Baumgartner didn't jump today due to weather

The 43-year-old was clearly disappointed about postponing his mission to break the speed of sound in a 23-mile parachute jump. 

But safety comes first.  

As these skydiving fails will show you, parachuting can be a dangerous sport. Especially without the proper training and precautions.   

Everyone in these videos survived and lived to tell their tale. But not all divers are as fortunate

An 80-year-old grandmother nearly falls out of her harness during a tandem jump from 10,000 feet. The instructor manages to hold on her to legs before landing to safety.



A parachute breaks away from the diver while falling 125 miles per hour. His reserve chute opens, but his bad luck continues when he lands on power lines suffering third degree burns.



A skydiver survives a 5,000 foot fall by landing on blackberry bushes.



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The 50 Most Dangerous Cities In The World

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Mexico Gunshots Police

Earlier, this year, a Mexican think tank — the Citizens' Council for Public Security and Criminal Justice — released a study ranking the world's most violent cities in 2011, and the results were astonishing.

The 20 most violent cities were all in Latin America.

The USA had some alarming scores too, led by New Orleans at 21.

Other dangerous cities were located in Africa. None of the top 50 was in Europe or Asia, despite great unrest in those regions.

The ranking is based on murder rate per capita in 2011.

50. Johannesburg, South Africa

Homicides: 1,186 

Inhabitants: 3,888,180

Murder rate: 30.50

Source: The Citizens' Council for Public Security and Criminal Justice



49. Durban, South Africa

Homicides: 1,186 

Inhabitants: 3,888,180

Murder rate: 30.54

Source: The Citizens' Council for Public Security and Criminal Justice



48. Baltimore, United States

Homicides: 195 

Inhabitants: 620,961

Murder rate: 31.40

Source: The Citizens' Council for Public Security and Criminal Justice



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See Why Every US Aircraft Carrier Needs A Ouija Board

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F-18 Ike

The flight deck of an aircraft carrier is a deadly and complex scene, riddled with incoming aircraft, snapping steel cables and the ever present risk of calamity and death.

Flight Deck Control (FDC) is where the deck scene is coordinated and during flight operations it's one of the busiest places on the ship, with everyone working on the flight deck constantly in and out tracking aircraft and information.

FDC is festooned with computer screens and video displays of all that's occurring outside on deck, but it's also home to one of the more arcane pieces of equipment in the Navy.

Click here to see pictures of Flight Deck Control >

The Ouija board is a waist-high replica of the flight deck at 1/16 scale to the foot that has all the markings of the flight deck, as well as its full compliment of aircraft — all in cutouts, and all tagged with items like thumbtacks and bolts to designate their status.

While objects can mean different things on every carrier, purple generally designates fuel, and the Eisenhower uses a purple hex nut to signify when an aircraft is being refueled.

A green thumbtack can mean an aircraft is first to go; orange can mean an aircraft must be parked with its tail hanging over the lip of the deck.

Every color has a meaning, just like every line on the deck designates space with its own set of rules. When I was on the Ike's flight deck one reporter stepped over a yellow line after a flight and was hauled back by his guide. Rules on the flight deck are not to be ignored.

The Ouija board offers an immediate glimpse of the deck in real time and allows the "Handler" in charge the ability to make quick decisions, should the need arise.

The board has been in use since World War II and won't be going away anytime soon. 

It doesn't take much time on a Navy ship to see that all important functions are done electronically, but also done manually. Like navigation. Right next to a state-of-the art GPS/radar station will be a drafting table like podium with ruler holding sailor, tracking pencil lines across a nautical map — just in case.

It's widely understood that the first round of damage to a ship will likely take out the electronics; so to ensure the ship remains functional in battle, everything possible has a mechanical backup.

But there's nothing quite as colorful as the Ouija board.

The Ouija board is stainless steel and covered in Plexiglas — the objects mean various things but the purple hex nut generally denotes fueling



The 'Handler' is in charge of Flight Deck Control and has many tools at his disposal, but none as valuable as the Ouija board



Green shirts on a flight deck are generally maintenance — but these two are helping the Handler keep track of what's happening on deck



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The 10 Best Paying Career Alternatives For Law Grads

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graduation cigars

This is part of our comprehensive ranking of The Best Law Schools in America.

The prospect of sinking $200,000 into law school and changing your mind about being a lawyer might be terrifying.

But you can still use your degree.

Law graduates go on to plenty of lucrative and interesting non-lawyer jobs.

Some of these positions—like Congress—might be a longshot, but you'll be surprised at what you can do with your law degree.

10. Foreign Service Officer

Salary: Up to the high 50s to start, according to USAID.

Pros: Use your analytical and writing skills to help broker world peace.

Cons: High 50s, even just to start, might not be enough money for somebody with $200,000 in debt.



9. Private Investigator

Salary: In 2010, the median salary for private investigators was just $42,870, according to the Department of Labor. However, careers site GlassDoor reported one private investigator's salary as $62,000.

And it could be assumed anybody engaging in "corporate intelligence" might make more than investigators working for individuals.

Pros: According to one investigator interviewed by legal blog Above the Law, the job consists of fascinating work "digging up interesting stories."

Cons: Like many other alternatives, the pay will probably be less than BigLaw. And private Investigators work inconvenient hours, such as late nights, according to this E-How article.




8. Law librarian

Salary: The salary for law librarian ranges from $47,000, according to Glass Door, to as much as $90,000, according to the website Pay Scale.

Pros: If you work at a law school library, you may get the same kind of generous vacation as law professors, according to an article by attorney Sally Kane in About.com.

Cons: The pay is obviously less than lawyers and the work can be fast-paced and rigorous at a law firm, Kane said.



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The 18 NFL Players You Have To Follow On Twitter

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gronk

Last week, we brought you the 100 athletes you need to follow on Twitter.

Now, we're going to break it down for you. Big football fan? Then this is your guide to who you should be following on Twitter.

Some of these football players offer in-depth analysis on the game, some try to be funny, and others tweet out endless streams of pictures.

The best athlete tweeters are entertaining, interactive, and show a side of themselves that fans would never see without this specific medium. Based on those criteria, we ranked our favorites.

#18 Jay Feely (@jayfeely)

Arizona Cardinals

Why you should follow him: Insightful tweets about football mixed with funny updates on his personal life

Typical tweet: "Watched film, Two wedge players from Miami finished their block well after I hit the Dolphin player. Should not have been a penalty"

Follow here



#17 Michael Oher (@MichaelOher)

Baltimore Ravens

Why you should follow him: He's a dedicated college football fan, and tweets a ton of funny stuff about SEC football on Saturdays

Typical tweet: "Nick Saban Maybe be top 3 greatest college football coach of all time...I don't know who the other 2 are."

Follow here



#16 Robert Griffin III (@RGIII)

Washington Redskins

Why you should follow him: Great at interacting with his followers, and much more sincere than his fellow players

Typical tweet: "Football is football. But Life is more important. Sending Prayers up for Coach Chuck Pagano during this trying time"

Follow here



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10 Companies With Employee Perks That Will Make You Jealous

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Zappos Employees

Not every company emphasizes the importance of recognizing their employees' hard work, but for those that do, these companies claim to have happier, more productive workers.

According to a survey by Globoforce, 78 percent of employees say being recognized for their work motivates them on the job.

“Sometimes simply receiving a paycheck is not enough of an incentive to keep employees dedicated and focused,” says Amelia Jenkins in her article on Chron Small Business

From bocce courts to bowling alleys, these companies know the value of rewarding their employees, and they do it in some of the coolest ways possible.

Google, Inc.

There’s a reason Google's ranked in the top five of Fortune magazine’s list of “100 Best Companies to Work For” in the past six years.

Employees can help themselves to bocce courts, a bowling alley, and an overflowing food pantry.

CEO Larry Page reflects on his reasons for rewarding his employees with these "lifestyle perks" in an interview with Fortune Magazine: “When you treat people [well] ... you get better productivity. Rather than really caring what hours you worked, you care about output. We should continue to innovate in our relationship with our employees and figure out the best things we can do for them ... Our people have also been a lot happier and more productive, which is much more important."



Zappos.com

Zappos accomplishes a mix of both "traditional" ways of showing employee appreciation, like company picnics and holiday parties, as well as more unique ways.

Last year they held the Zfrog awards, which let employees pitch their own business ideas, "laughter yoga" classes, Tank Top Tuesday, and recognizing employees in different departments, such as Merchandiser of the Quarter.

“I love working at Zappos; the creativity and fun we have here are unparalleled, at least by any other job I've ever had. There are all sorts of people here: young and old; shy and extremely outgoing; ‘normal’ and ... weird. I love that Zappos embraces people of all cultures, styles, and personalities,” says one Zappos employee.



Starbucks Coffee

New hires at Starbucks are immediately called “partners” and the company’s web site boasts “more than 50 partner clubs and networks that help our partners share interests and find work/life balance,” which includes recreational sports leagues, foreign language clubs, and resources for parents.

The corporate culture also encourages employees to give back to the community: One graphic designer was interested in the world water crisis and ventured to Honduras to help bring clean water to a farming community as a part of Starbucks’ partnership with Ethos Water.

Furthermore, all Starbucks employees also get one free pound of coffee per week.



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15 US Airports With The Most Flight Delays And Cancellations

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miami international aiport

Remember that night when you had to snuggle up on the terminal floor in Orlando because your flight got canceled? Or that time when you dashed full-sprint across Chicago O'Hare airport only to miss your connecting flight by two minutes?

We’ve all been there, and we all have a few airports we’d prefer to avoid if at all possible. From missed connections to rampant delays and unexplained cancellations, sometimes those three-letter airport codes make us want to use some four-letter words.

That said, just because you had a lackluster experience at LaGuardia or your friend hates Hobby doesn’t necessarily mean that those are the worst airports, statistically speaking.

At Hopper, we ran the numbers to give you a solid factual basis for evaluating which airports you should leave off your itinerary. And if you can’t avoid them, at least you can come prepared for some good, old-fashioned air travel anguish.

How did we figure this out? We evaluated the 100 airports with more than 5,000 flights per year. Our criteria included average departure delays, number of flights canceled, on-time departure percentages and weather delays (both frequency and duration). The 15 airports featured in this slideshow are the ones most likely to turn your dream vacation into a living nightmare.

For a more detailed chart, check out the Hopper blog!

#15: Atlanta, GA—Hartsfield-Jackson Atlanta International (ATL)

You’re probably not surprised to find Atlanta on a "worst airports" list, but you might be surprised to find that it’s actually the best of the worst. A dubious title, to be sure, but we still give Atlanta props for its 83.75% on-time departure rate.

It’s not A+ territory, but it could definitely be worse. That said, Atlanta does rank pretty high on the "canceled flight" list, with 1,038 nixed in 2011 alone.



#14: Knoxville, TN—McGhee Tyson (TYS)

With an average departure delay time of well over 13 minutes, this small airport isn’t doing Knoxville any big favors.

It faced 3,535 weather delays in 2011, and has an on-time departure rate of just 81.22%, well below industry averages. However, while it doesn’t do too well by the numbers, travelers seem to like the airport, which is clean and modern, if small. Should you get stuck in Knoxville, we recommend you head over to the Dead End Barbeque for some authentic Tennessee smoked meats and gooey pimiento mac and cheese.

Southern cookin’ at its finest.



#13: Houston, TX—William P Hobby (HOU)

They say everything’s bigger in Texas, but apparently that doesn’t include the on-time departure rate at Hobby.

At just over 75%, it’s well below the industry average. That said, if you do get stuck in the Lone Star State, there’s plenty of Tex Mex to keep you going until your plane comes in. And if your plane gets canceled, as it did in 1.19% of cases in 2011 (far above the industry average) we recommend you grab a Dos Equis and kick up your boots.

There’s no point crying over spilled cerveza.



See the rest of the story at Business Insider

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8 Bad Work Habits That Will Kill Your Career

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golf office slackers employees

Wondering why you're not advancing in your career more quickly, or why you always seem to be overlooked when it comes time for raises, promotions, or important projects?

The answer might be that you're holding yourself back, through one or more of these eight career-killing behaviors.

Click here to see the habits >

More From U.S. News & World Report:

Do You Fit the Mold of a Telecommuter?

The Appropriate Way to Talk Politics at Work

6 Job Search "Signs" That Don't Actually Mean Anything

1. Not promoting your own work.

Your work might be fantastic, but if no one knows about it, it won't help your reputation, your salary, or your advancement opportunities.

Make sure that your manager knows about your accomplishments, whether it's kudos from a hard-to-please client, waste you uncovered and fixed, or anything else that goes above and beyond your normal work.



2. Getting defensive.

If you get defensive when you get less than glowing feedback on your work, you might be striking a death blow to your career.

Many people simply give up on having meaningful interactions with defensive people, so your co-workers may avoid you, and your manager may stop telling you how you can improve. "That sounds great," you might respond—but it means that you'll destroy the relationships you need to advance in your career and denying yourself the information that you need to grow professionally.



3. Making rash decisions.

Whether it's walking off the job because the boss said something you didn't like or taking a job offer without thinking it through carefully, impulsive decision-making has no place in your career.

The decisions you make about work will have far-reaching ramifications on your wallet, your reputation, and your daily quality of life.



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The Horrific, Worst-Case Scenario For Spain

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spain protest july 2012

Spain is in trouble.

The macroeconomic outlook continues to deteriorate as unemployment rises. Angry citizens are protesting austerity in the streets.

At the same time, Spain has just unveiled its 2013 austerity budget, but the overly-optimistic macroeconomic assumptions underlying the plan foreshadow missed deficit targets in the coming quarters, which will likely force a new round of austerity measures, further worsening the economic contraction.

Meanwhile, the Spanish region of Catalonia is threatening to secede.

Technically, the "worst-case scenario" for Spain would be something along the lines of a 100 percent decline in GDP and 100 percent unemployment. No one is calling for that.

Presented here are all of the things that could go wrong, though. The recent work of Citi economists and strategists is heavily cited because they seem to be consistently more bearish on the Spanish situation than other shops.

Spain's economy experiences a deep recession in 2013

Spain's official outlook for GDP growth is optimistic – the government sees a mild -0.5 percent contraction in 2013. And the worst case scenario presented by Oliver Wyman for the Spanish bank stress tests assumes a -2.1 percent contraction.

This contrasts with much more pessimistic outlooks from economists at Citi, who see Spanish economic output contracting -3.2 percent next year.



The government misses its budget deficit targets and enacts even more austerity

Spain's budget deficit targets are based on their optimistic economic growth assumptions. However, most economists don't actually believe those assumptions will prove correct.

As a result, many warn that Spain will miss its deficit targets and have to enact yet more austerity measures that will continue the positive feedback loop wherein spending cuts deepen Spain's economic malaise.

The Spanish government is targeting a budget deficit amounting to 4.5 percent of GDP in 2013.

Citi economists, on the other hand, think Spain will miss that target by at least 20 percent and project a deficit totalling 5.5 percent of GDP in 2013.



Spain loses sovereignty while negotiating over bailouts and reforms

European leaders heralded Spain's 2013 budget as an important step for Spain in resolving its crisis – ignoring the optimistic macroeconomic growth assumptions when endorsing Spain's deficit targets.

However, as Spain seems likely to miss its deficit targets, Spain will likely have to implement a new round of austerity in an attempt to bring the budget back in line with expectations.

Citi strategist Hans Lorenzen warns, "Even if [the EU is] satisfied with the targets per se, against the prospect of slippage next year we expect core countries will want more control over implementation than Rajoy's government is comfortable with, making for difficult negotiations ahead."



See the rest of the story at Business Insider

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How The $3 Billion Web Video Business Is Supplanting TV Advertising

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state of web video advertising 2012

Who watches TV, on actual TVs, anymore? Sometimes, it feels like no one. In fact, most people do still watch traditional television when they are seeking longer viewing experiences, but that is quickly changing.

The trend has been towards a broader mix of screens that people turn to for video consumption. Everything from smartphones to tablets to PCs to television are suitable for watching a video of any length.

With this in mind, advertisers are moving significant dollars to new digital platforms, and seeking formats that move beyond the basic website banner ad, to find ways to engage with audiences by creating sharable content.

Based on research from Nielsen, Forrester, ComScore, and BI Intelligence, this slideshow gives an overview of how web video that is being viewed on connected devices is impacting traditional television and the advertising landscape.

How big is online video? According to Nielsen, currently, around 164 million people watch online video monthly.



YouTube has 3 times more views than any other online video site.



However, most of those web videos are very short — viewers still seem to be spending the most time on connected TVs.



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HOUSE OF THE DAY: Billionaire Pistons Owner Tom Gores Is Selling His Beverly Hills Mansion For $10.75 Million

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tom gores beverly hills mansion

Tom Gores, owner of the NBA’s Detroit Pistons and founder of global private equity firm Platinum Equity, has listed his $10.75 million Beverly Hills mansion, according to Trulia.

The 11,000-square-foot home has six bedrooms and eight bathrooms, and sits in a private gated community. 

Trulia is reporting that Gores, who appeared on the Forbes’ 2012 billionaires list with a net worth of $2.5 billion, is leaving his current abode for an upgraded "massive, billionaire-worthy home" in the Holmby Hills area of Beverly Hills.

Welcome to Beresford Road.



The exposed beamed ceiling adds texture to this room.



The sweeping staircase leads to the living room.



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Meet The 22-Year-Old Texan Behind Today's Affirmative Action Fight

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Abigail Fisher

The U.S. Supreme Court is hearing arguments today in a fight over whether colleges can consider applicants' race as a factor in admissions.

While the fate of millions of young people is at stake, the case began with a slight, strawberry blonde woman: 22-year-old Abigail Fisher.

Here's everything we know about the woman behind the Supreme Court battle:

  • Fisher's from Sugar Land, Texas, and her father and her sister both went to University of Texas at Austin, according to the Houston Chronicle. 
  • Fisher, who "bled burnt orange," dreamed of going there too since the second grade, the Chronicle reported.
  • The aspiring UT student went on to earn a 3.59 grade point average on a 4.0 scale and finished as number 82 in her 674-person class at Stephen F. Austin High School, according to the Chronicle.
  • She also played soccer and volunteered, according to the New York Times.
  • But that wasn't enough to get her accepted to her dream school of UT.
  • The school automatically accepts the top 10 percent from every high school. For students who don't get in that way, UT takes a number of other factors into account–including race.
  • After getting rejected in 2008, Fisher filed suit claiming UT's use of race in admissions decisions was unconstitutional. UT says it would have rejected her even if it hadn't considered her race.
  • In any event, Fisher had to get on with her life, so she went on to Louisiana State University. That school has the lowest percentage of blacks of all the state's public universities, according to LSU's hometown paper, the Advocate.
  • Fisher, an accomplished cellist, finished LSU and scored a job as a financial analyst in Austin, the town where she wanted to go to school, The New York Times reported.

While Fisher apparently enjoyed her undergraduate years–the Times noted she enjoyed the "camraderie" of her LSU bowling team–she still thinks she missed out by not going to UT.

"Just being in a network of UT graduates would have been a really nice thing to be in," Fisher told the Times. "And I probably would have gotten a better job offer had I gone to UT."

SEE ALSO: Here's How The Supreme Court Will End Affirmative Action 

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The TWA Flight Center At JFK Is A Throwback To The Glory Days Of Flying

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TWA terminal at JFK

Off limits. That's sadly how we know the TWA Flight Center at New York's JFK Airport today. No flights fly from it, no passengers check in beneath its departures board, and no cocktails are pushed across the bar of the Lisbon Lounge...any longer.

Click here to tour the terminal >

Unless you're renting out the entire space for a big-budget event or photoshoot (as Banana Republic recently did for their fall/winter 2012 ads), there's no way inside...with the exception of one day when the Flight Center is opened, for free, to the public during the openhousenewyork (OHNY) festival.

This last weekend may have been the 10th anniversary of OHNY, but it's only the second year the TWA Flight Center has participated. The first year obviously went well enough as they extended the hours for 2012, which nicely thinned the crowd to make for ideal photography and a mood that approached conviviality. To put it simply, it just seemed like everyone was truly enjoying being there.

A confession. In 2011, with far fewer open hours and the frustration that comes from constantly waiting for others to take photos, I wasted much time with my camera to my face. This year I felt I was able to actually appreciate the structure and its aura of determined transience. It is a building designed for the rushed steps of people with other places to go. Their butts were in the Eames seating of the Ambassadors Club at the same time as their thoughts were already across the Atlantic.

This building, which would have been one of many terminals on a typical travel itinerary, basically pole-vaulted over that piece of brain where you store hotel room numbers, parking garage section alphabet letters and other bits of travel minutiae, to file itself in the long-term memory bank. It really did. It has made such an impression over the decades—even while completely closed to the public since 2001—that hundreds of people spent their entire Sunday with it, some even flying in for the privilege.

Although JetBlue merely opens the doors connecting their terminal and that of TWA's (but does not sponsor the event), the airline enjoys some secondary brand interaction. Most visitors streamed down the "tubes," as the connecting halls are lovingly called, and these directly link with the baggage claim area within JetBlue's own Terminal 5. Therefore, all these architects, design aficionados and general cool kids who visited the Flight Center had to begin their journey to Saarinen's masterfully constructed temple of vintage aviation with a visit first to the Gensler-built house of modern aviation (JetBlue Terminal 5).

Above are both photo galleries from my visits, 2011 and 2012. Fingers crossed that, next year, a third chance arrives and, with it, even more evidence of continued restoration.

This post originally appeared at Jaunted.







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15 Mistakes That Nearly Wrecked My Adventures Abroad

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mandi

I was 18 the first time I ventured outside of the U.S. on my own. 

I only needed eight weeks' worth of clothing, but I packed two huge suitcases, a carry-on bag, an extra backpack and at least half a dozen handbags. 

When I landed in the dead of winter in Salta, Argentina carting 100 lbs of summer dresses behind me, it was a wake up call I've never forgotten. 

I've been learning to travel the hard way ever since––and tripping myself up plenty of times along the way.

I accidentally let a local talk me into a $500 bike rental

I had the chance to check out a public bike share in Montreal for the first time last year.  But since I couldn't read the instructions in French, I asked a local to explain the process.

It was free for the first 45 minutes, he said, and I would be charged a couple of extra bucks every hour after that. 

Unfortunately for me, he forgot to mention the $250 security deposit the company applied to my credit card for each bike. I rented two.

Good thing I had used a credit and not my debit card, because it took well over a week for the temporary charge to disappear. 



I forgot to tell my bank about a D.C. road trip

After President Obama was elected in 2008, I hatched a plan for the ultimate 48-hour road trip–– from Athens, Ga. to D.C. for his Inaugural address.

I just forgot to tell my bank about it. 

Apparently, swiping my debit card at a slew of gas stations up and down the East coast in such a short period of time spelled "FRAUD" to them. They froze my account and I wound up stranded at a North Carolina pit stop until I could get a representative on the phone to correct the mistake.

If I had been overseas, it would have been an even bigger nightmare. 



I trusted my roommate in Chile while she was robbing me blind

When I moved to Chile after college, I decided to rent a room in a nice apartment from a local. She was trustworthy enough, and I let myself get comfortable after a couple of months. Then she took on a new tenant.

At the time, I kept a couple hundred U.S. dollars for emergencies sealed in a bag in an unlocked drawer in my bedroom dresser. Two weeks after the new girl moved in, I started to notice small denominations were missing. Then a whole $100 was gone. And so was I, after I confronted her about the theft and moved out. 

These days, the only emergency cash I carry on extended trips is in a savings account I can access from just about any ATM. 



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