In shape: The most and least fit U.S. cities
The latest results from the American Fitness Index show that while the U.S. has made some great strides in the battle of the belly bulge, there are still plenty of troubling developments. For starters, the number of individuals who said they have exercised in the past 30 days dropped 11.3%, according to the study. With that, diabetes death rates have risen 7.8% from last year. On the flip side, heart disease has dropped substantially and cities are getting on board with creating a more exercise-friendly environment by ramping up the number of parks. “The AFI is two things: a measure of how healthy a metro area is today, and a call-to-action for urban and suburban leaders to design infrastructures that promote active lifestyles and lead to positive health outcomes,” says AFI’s Walter Thompson. “Our goal is to provide communities and residents with resources that help them assess, respond and achieve a better, healthier life.”
What Millennials Are Looking for in a City - US News
The millennial generation is a diverse bunch, but there are a few common threads that tie them together. Millennials often value experiences and look at their lives in a different way than previous generations did – and they're certainly not afraid to shake things up. In fact, according to a recent Rent.com survey of 1,000 U.S. renters ages 18 to 34, nearly half say they moved to a different city than the one they grew up in – but what are they looking for in those cities, exactly?
Warren Buffett Has a Better Idea to Fix Income Inequality
On “Morning Must Read,” Bloomberg's Olivia Sterns recaps the op-ed pieces and analyst notes that provide insight into today's headlines. She speaks on “Bloomberg Makers.” (Source: Bloomberg)
Eurozone Bonds' Wild Ride
Yields on government bonds tell a crucial part of Europe’s recent economic story. They show the near rehabilitation and sudden unwinding of Greece, the desperation of investors for safe returns and the curious results of the European Central Bank's experiment in monetary policy.
Eurovision 2015: Who Might Win on Saturday Night?
“OMG, what? Australia isn’t in Europe,” I hear you cry. Well, neither are Azerbaijan, Israel or (most of) Turkey and they’ve all taken part. “Eligibility to participate is not determined by geographic inclusion within the continent of Europe, despite the inference in the title of the competition” writes Paul Jordan of Glasgow University. “Rather, entry to the event is dependent on being a full and active member of the EBU.” Australia meets those criteria, follows the competition ardently, and as it’s the 60th anniversary of the competition, they’ve come over for a treat. Guy Sebastian and “Tonight again” are at 7/1 to win. If they do, don’t panic, Australian broadcaster SBS will co-host with a full EBU member. Rumor has it Berlin is a frontrunner .
Your Home Doesn't Matter for Tesla's Dream of a Battery-Powered Planet
If only it were so. While the pairing of home batteries with solar power makes deeply intuitive sense, the problem is that it doesn’t make financial sense. Not now, not anytime soon, and definitely not in the U.S. I first wrote about the issue just after the high-profile launch, arguing that interest in Tesla's consumer-oriented Powerwall batteries wouldn't be based on sound financial reasoning. When Musk was asked about my findings in his earnings call with analysts, the Tesla chief executive offered this reply: "That doesn't mean people won't buy it."
Millennial v Boomer: Company calendars full of fibs - FT.com
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Saudi Girls Finally Get to Drive, but Only in a Videogame
That’s the setting for the coming mobile videogame “Saudi Girls Revolution,” in which a group of young Saudi women race souped-up motorcycles to fight the evil tyrannical rulers of a corrupted Arabian Empire. It is being made by NA3M, a company with offices in Jordan and Denmark whose founder and chief executive is Saudi Arabian Prince Fahad bin Faisal Al Saud, grandson of the brother of the king.
One person's return is another person's bargain: BigBox Outlet caters to shoppers who love a deal
The store is a template for other stores the chain hopes to open in cities instead of far-flung suburbs or towns. While his existing stores will continue to offer everything from groceries to clothing and electronics to suburban buyers, Funk contends the time is right for his company to move into cities because his market also exists there. That market is an army of consumer bargain hunters who are willing to regularly visit or check with a store to see what bargains are available.
Drone Captures Tesla's New Gigafactory in Stunning HD Video
Telsa declined requests for a visit and hasn't brought reporters onto the site. That's why this drone footage of the so-called Gigafactory is so awesome. Shot in high definition by a first-time drone videographer "for fun," it offers the best glimpse yet of how the factory is progressing (we've added the music and text). The scale of the factory images, taken while workers were away from the site, can be deceiving. The finished two-story factory will cover hundreds of acres, according to Tesla.
Emails Show Clinton Was Warned Over Security in Benghazi Ahead of Attack
Then-Secretary of State Hillary Clinton received emails from her top aides warning about dangerous security conditions in Benghazi, Libya, in the run-up to the terrorist attack that killed a U.S. ambassador and three other Americans there in 2012, documents disclosed on Friday show.
The heist with everything - FT.com
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Why Sepp Blatter is a genius - FT.com
Fifa boss understood very early that there’s a new world order in which westerners don’t matter much
Why measuring social impact has become just as important for companies as doing the 'right things'
But it’s not just about doing the right things. For business owners intimately connected to the dicta of social entrepreneurship — people, planet and profit — the need to measure and demonstrate social impact has become increasingly important. Whether to placate investors, donors, employees or a customer base growing ever more concerned with purchasing decisions — from coffee beans to clothing — companies are realizing that measurement of those “right things” is as central to business practice as engaging in them.
Marketplace lenders step out of the shadows in Canada — should we be worried?
A Toronto lawyer who took out a loan through Grouplend said in an interview she faced a “hostile response” when she first approached her longtime bank to try to refinance $20,000 in debt she was carrying in an overdrawn account at another large Canadian bank. Speaking on condition that her name not be used because of the sensitive nature of her situation, the 41-year-old said she racked up the debt, which carried a double-digit interest rate, when she had to take a year off work for health and personal reasons.
10 innovation lessons inspired by Homer Simpson
Just as some people will growl at the notion of using a mechanical device to communicate with their pet, innovation will always have its detractors. It requires people to change the way they do things in hope of a positive outcome they might never see. In short, innovation requires people to care. That’s why Yu chose as his model Homer Simpson, the shiftless nuclear-plant safety inspector who regularly puts his entire town at risk by falling asleep at his console. If you can engage people like Homer Simpson in innovation, you’re already halfway home.
OPEC may condemn the world to an oil glut for years
But if OPEC decides not to change its target, it’ll be a “big signal that it is determined to continue with its policy to not give away market share,” even if prices fall as a result, Bhushan Bahree, senior director of OPEC and Middle East research at IHS told MarketWatch.
Gay traffic lights, $785K bets and 3 other things to know about Eurovision
This year, Vienna is home to the grand final, after luxuriantly bearded drag queen Conchita Wurst took home the coveted trophy last year. Saturday is show time — 9 p.m. local time, or 3 p.m. Eastern Time — and curious U.S. viewers can watch it live on the Eurovision Song Contest website .
3 money mistakes that couples make
Bach said that too few couple have a will. “50% of couples don’t have a will,” he said. “Some having living trusts but many don’t put their assets in their living trusts so it’s not valuable.” Although nobody enjoys the thought of outliving their husband or wife, its an inevitability for one of you. And sifting through confusion about assets is the last thing you’ll want to deal with while grieving for your loved one. Do it while you’re healthy.
Bank of England to Look Into Implications of EU Exit
The Bank of England is drawing up plans to examine the effect on Britain’s financial sector of a possible U.K. exit from the European Union, the Guardian newspaper reported Friday–citing an email accidentally sent to one of its editors by a BOE official.
Drone's Eye View of Tesla's Massive Battery Factory
Tesla is building what will be the world's largest battery factory. New drone footage taken in the desert of Nevada shows how far construction has moved along. (Source: Bloomberg)
The U.S. Is About to Change the Way It Calculates GDP
It will also start seasonally adjusting some inventory components that currently aren’t, and also some data from the U.S. Census Bureau’s quarterly services survey, it said. The latter should boost the accuracy of consumer spending estimates, it said. The changes to the calculations will cover the period from 2012 to the present.
The Summer of Movie Sequels and Remakes
Summer movie season is underway, full of big-budget films engineered to be blockbusters. Opening today: "Poltergeist," "The Vatican Tapes," and "Tomorrowland" (a movie that's based on a theme park attraction). This summer, you won't see much that's original. As Bloomberg's David Gura reports, it's all about remakes and sequels. Just like it was last summer. (Source: Bloomberg)
Why Aren’t People Moving to America’s ‘Best’ Cities?
In case you were wondering, San Marcos—pop. 58,889, and the fastest-growing U.S. city for the third year in a row—and Georgetown are satellites of Austin, while Frisco and McKinney are part of the sprawling Dallas footprint. It's also worth noting that there's little overlap between cities growing at the fastest rates and those adding the most new residents. Irvine, Calif., was the only city to place in the top 15 for both categories. The popular cities already bursting at the seams have little room to get much bigger, and not everyone wants to follow the crowd. If another urbanite's trash is your idea of treasure, here are the five cities that lost the most total residents from 2013 to 2014.
As Ireland Prepares to Vote on Same-Sex Marriage, Expats Go Back For the Future
But one event has come along that is of such historic – and personal – importance that I had to go home: the constitutional referendum on May 22 to extend marriage rights to same-sex couples. Ireland is the first country in the world to put this issue to a public vote and, while I hope it passes, it could go either way. Opinion polls vary wildly: anywhere from 53% to 70% of people say they will vote “yes.” Tens of thousands people have left Ireland since the economic downturn in 2008, most of whom are in their 20s and tend to skew more liberal. Turnout, therefore, will be critical for the referendum to pass.
How to Cut Your Costs at the Pump - US News
Using the trunk of your car as a storage unit makes your car work harder to get around. The Energy Department reports that every extra 100 pounds a vehicle carries reduces its fuel efficiency by 1 percent. (The smaller the car, the bigger the percentage.) It might be convenient to store strollers, mulch and other heavy items in the back of your car, especially if you have a small home, but it means you’re paying more for gas.
BlackBerry Ltd shares climb on share buyback plan
BlackBerry Ltd. shares were up Friday afternoon on the company’s plans to buy back and cancel as many as 12 million shares, or 2.6 per cent of its public float, to offset a new employee share purchase plan.
Douglas Coupland: Red dot - FT.com
And in Canada two weeks ago, the press revelled in the fate of an Edmonton couple who rented out their house on Airbnb, and came back only to find it trashed to the tune of C$100,000. Airbnb now has the largest hotel footprint in the world. Uber has image problems but they’re on the correct historical track. Craigslist, Lyft et al . . . the shareconomy? The freeconomy? It’s going to happen. And the moment these firms start paying more in taxes is the moment they officially suffocate to death the old economy. As for Vancouver, which has the lowest number of taxis per capita in Canada, fearmongering can only last so long. People travel. They know something better when they see it. And one day soon I can follow the red laser dot on the floor of my home town.
Beware: These 14 home features will raise your insurance
Some of the costliest items, according to Alexey Saltykov, co-founder and CEO of InsurEye Inc., a Canadian insurance-services company, are the old home elements that haven’t been upgraded: oil-based heating, wooden stoves, knob and tube wiring, and aluminum wiring.
TraderFeed: Joining a Prop Group or Hedge Fund
* Access to markets . Prop firms and hedge funds can open access to markets that might be too expensive or difficult for traders to trade on their own. A prop firm that is a member of an exchange can pass along a favorable commission structure to its traders. A hedge fund with strong relationships with prime brokers can meaningfully expand a trader's access to global markets.
Interest rate hike coming this year, Fed chair Janet Yellen says in upbeat speech
Borts and Grossman “taught me that economics was a subject where a systematic way of thinking about the world translated into policy prescriptions with real social impact,” Yellen said, according to Brown’s alumni magazine. “I remember sitting in Herschel Grossman’s class and thinking, ‘Gee, I didn’t realize how much influence the Federal Reserve has on the health of the economy. If I ever have a chance at public service,” she said, working at the Fed “would be a worthwhile thing to do.’”
5 things you should know as you start your workday
One explanation for rising inequality is the kind of jobs that job creators are creating. The OECD reported that temporary work, part-time jobs and self-employment have accounted for more than half of all positions created since the mid-1990s. Not only do these jobs tend to pay less and experience slower wage growth, they also tend to offer fewer opportunities for training and, by extension, upward mobility. This is why a poor person has a better chance of scraping her or his way into the middle class in Canada, where the rich earn 8.6 times as much as the poor, than in the United States, where the rich earn 18.8 times as much.
The Economist on Twitter
If you think you've missed London's evening rush hour, think again. It lasts nearly four hours http://econ.st/1K93TZ1 pic.twitter.com/8jGxyfgwgD
'19 Kids and Counting' episodes yanked over scandal
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Five tales from the trenches: An ex-mutual fund dealer divulges what it's really like
But he kept on about it, so I sold all my Bre-X shares, some of them to my boss’s mutual fund, to keep the peace. A few months later, Bre-X was revealed to be a total fraud, but I could happily let my investors know that I had exited my entire position well before it imploded. I looked like a hero, but it was complete luck.
Financial Times on Twitter
“We are all looking for a bargain." Britain now has almost 1,000 pound shops http://on.ft.com/1GvjDXi pic.twitter.com/z2vPsJ5Fwq
The 2015 Corvette Stingray Will Make Your Veins Pop
That said, the seats are designed well, able to accommodate a long back like mine and to hug my shoulders and hips without confining them. The rear vision backup cameras, dual climate control, 8’-inch disappearing color touchscreen, and camera-recording device are (rightfully) focused on the driver and to that end, satisfactory. The double cup holders and USB plugs strike me as smart decisions to include, even though racing purists scoff at such creature comforts. Chevy also did a great job of eking 29 miles per gallon on the highway with this—astounding for a performance car. (Credit for the improvement goes to improved engine engineering, sleeker design, and a better use of lightweight materials on the body.)
NYT Business on Twitter
Janet L. Yellen gives a little more insight into her thinking http://nyti.ms/1LtQDiC pic.twitter.com/YXcAGLZCeC
NYT Business on Twitter
A 199-year-old Catholic order invests in a Brazilian fund dedicated to addressing inequality http://nyti.ms/1FDZkGj pic.twitter.com/9qAZ97l8sY
'Logjam' vulnerability fix causes problems: News tech leaders need to know
As of June 30, 2015, companies that accept payment cards must comply with the updated PCI DSS 3.1 standard. Included in the update is a revision of the acceptable encryption used to protect customer data. Partly driven by recent vulnerabilities, SSL has been removed, as have earlier versions of the TLS standard. SSL and early TLS cannot be used as security controls to protect payment data after June 30, 2016. Prior to this date, existing implementations that use SSL and/or early TLS must have a formal risk mitigation and migration plan in place.
The Economist on Twitter
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The Unemployment Rate Dropped for Foreign-Born Workers in 2014
The number of foreign-born workers kept rising. Last year, there were 25.7 million in the U.S., up from 25.3 million in 2013. They accounted for 16.5% of the labor force in 2014, up from 16.3% the year before and 15.5% in 2009, the year the recovery began.
Elon Musk is not Mr. Tesla, in case there was any confusion
Nikola Tesla was indeed the inspiration for the electric-car maker’s name. He lived and died in very different circumstances than Tesla’s Chief Executive Elon Musk, however. And Musk joined the company after its name had already been chosen by founders Martin Eberhard and Marc Tarpenning.
As Ireland voted for same-sex marriage, thousands of expats came #Hometovote
I was one of those who came home. As an Irish expat who moved to New York four years ago, I did not have a vote, but I wanted to be here for the result, accompany my mother and sister to the polling station and, fingers crossed, celebrate a ‘yes’ victory with my friends. I wanted to walk down Grafton Street in Dublin and luxuriate in the ‘Vote Yes for Equality’ signs. I wanted to see people—gay and straight, young and old—walking around with badges that said ‘yes’ or ‘tá’—a Gaelic expression that means you intend to do something very soon to make a change or, put simply, means ‘yes.’ A Cork woman Kitty Cotter, aged 101, wore a rainbow cardigan to vote ‘yes.’
Interview: M&A advisers Michael and Yoel Zaoui - FT.com
Brothers Michael and Yoel have advised on takeovers worth $152bn in two years and changed the fate of business empires
NYT Business on Twitter
7 great admission essays about work and money from 7 soon-to-be college students http://nyti.ms/1K9RXWO pic.twitter.com/PHqpgb0Es1