On Flipboard. Four Considerations on the Chinese Economy. China is not as unequal as some think. It has become commonly accepted that China has not only been catching up with the non-Communist West in terms of wealth gaps, but has actually surpassed it. In 2014, a much-trumpeted research paper from the University of Michigan concluded that “income inequality has been rising rapidly in China and now surpasses that of the U.S. by a large margin,” with a Gini coefficient of 0.55 vs 0.45 in the U.S. This is backed by empirical evidence of the disparities that exist side-by-side in large cities such as Shanghai and Beijing. However, much of the work done on coefficients has relied on income distribution. Look at the data from another perspective and the results are quite different. Enjoying this article? So why is this the case? Growth is not being driven by debt. Why is this? Consumption is not underperforming. Yet in context, these numbers are not so bad.
China has almost passed the middle income trap already. 10 Ways Manipulators Use Emotional Intelligence for Evil (and How to Fight Back) Emotional intelligence is nothing new. Sure, the term was coined in the 1960's, and popularized by psychologists in recent decades. But the concept of emotional intelligence--which I define as a person's ability to recognize and understand emotions and use that information to guide decision making--has been around as long as we have. This skill we refer to as emotional intelligence (also known as EI or EQ) is like any other ability: You can cultivate it, work to enhance it, sharpen it. And it's important to know that just like other skills, emotional intelligence can be used both ethically and unethically. The dark side of emotional intelligence Organizational psychologist and best-selling author Adam Grant identified EI at its worst in his essay for The Atlantic, The Dark Side of Emotional Intelligence: "Recognizing the power of emotions...one of the most influential leaders of the 20th century spent years studying the emotional effects of his body language. 1. 2. 3. 4. 5. 6. 7. 8. 9. 10.
How the first liberal Supreme Court in a generation could reshape America. Odds are that very soon, the Supreme Court will become something it hasn’t been in nearly 50 years: made up of a majority of Democratic-appointed justices. Ever since Abe Fortas’s resignation in 1969, the Court has either been split down the middle or, more often, made up primarily of Republican appointees.
Some of those Republican appointees nonetheless turned out to be liberals, but even taking that into account, the Court hasn’t been majority liberal since 1971, when William Rehnquist and Lewis Powell joined. That hasn’t stopped the Court from evolving in a progressive direction at times. In 1973, GOP appointee Harry Blackmun authored Roe v. Wade, drawing only two dissents; from 1996’s Romer v. The Court ruled that states didn't have to give poor black and Latino school districts the same funding as rich white districts. All that could be about to change. The Supreme Court is truly at a tipping point Bill O'Leary/The Washington Post via Getty Images It’s a long time coming. Shutterstock. Uk.businessinsider. Ray Dalio, Bridgewater's founder, chairman, and co-CIO. Bridgewater Associates Applying for a position at Bridgewater Associates can feel more like a psychological assessment than a job interview. If someone wants to be part of the world's largest hedge fund, they will typically go through around five hours of personality surveys, a verbal logic assessment, and a thorough personal interview.
Bridgewater, which has $150 billion in assets under management, is based in the woods of Westport, Connecticut, and recruits some of the most talented people in the industry — but most important to the firm is whether a candidate can thrive in a world based on founder Ray Dalio's intricately detailed "Principles," his manifesto of 210 management insights that all employees must read. Dalio founded Bridgewater in 1975 out of his apartment, and throughout the '80s he laid the foundation of a corporate culture based on "radical transparency.
" Finding the best and brightest Samantha Lee/Business Insider. Five Myths About the Constitution's War Powers Propagated by the New York Times and the Washington Post. The Constitution’s architects unanimously agreed on the allocation of war powers. They unanimously agreed that only Congress should be entrusted with decisions to initiate war under Article I, section 8, clause 11.
(The President would retain authority to “repel sudden attacks”). The architects made Congress the exclusive steward of the war power because legislators have nothing to gain and everything to lose by gratuitous belligerency. No war monument has ever been erected to immortalize a legislator; and, the powers of Congress recede during wartime. The opposite is true of the executive branch, whose personality salutes Mars and scorns Minerva.
“In no part of the constitution is more wisdom to be found, than in the clause which confides the question of war or peace to the legislature, and not to the executive department. Future Chief Justice of the United States, John Jay, similarly remarked in Federalist 4: The Court explained in Myers v. The Constitution’s authors were long-headed. Clever cartoon sums up the difference between Clinton and Trump. 3 Ultimate Dividend Stocks for Retirement-Kiplinger. You can’t beat big blue-chip dividend stocks with a long history of uninterrupted and rising payouts for a safe income stream in a retirement portfolio. Sure, there are plenty of high-quality corporate bonds with higher yields, but dividend stocks are less exposed to interest rate risk than fixed income.
If you’re really starved for yield, there’s no shortage of junk bonds and MLPs with fat percentages attached to their market prices — but only because they come with much higher risk. Mega-capitalization stocks that have reliably raised and paid dividends for decades — in some cases since the 19th century — aren’t likely to let you down. Prices might change, but the income stream won’t. If anything, dividend hikes will amplify those streams and raise the yields on the original cost bases. Ultimately, what we’re talking about is defense. Warren Buffett’s Berkshire Hathaway Inc. The 7 Best Dividend Stocks to Buy Now Next Page.
Calling 911 from a phone to obtain its number does not ‘search’ it, court rules. A few weeks ago, I had a long post on the Fourth Amendment implications of the police calling 911 from a phone to identify its owner. As I explained then, my view is that calling 911 generally is a search but that searching an abandoned phone will be constitutional. The day after my post, the judge in the case that prompted it ruled from the bench that the Fourth Amendment was not violated but did not address whether calling 911 is ordinarily a search. A new case, State v. Hill, __ S.E.2d __, 2016 WL 3751806 (Ga. Ct. I don’t think that reasoning works, as it’s mixing up two different questions: (1) whether calling from the phone is a search of the phone, and (2) whether, once the call is placed, receiving the number dialed at 911 is a search of the number. The opinion isn’t yet on the web and it’s pretty short, so I have reprinted the entire opinion below.
STATE v. McFADDEN, Judge. Hill did not challenge the officer’s seizure of the phone found in the cab. Hill cites Riley v. Find The Mistake Puzzle - Brain Puzzles. The internet loves a good brainteaser. Whether it's an optical illusion or those "can you find" puzzles, mental exercises are challenging and oh-so-satisfying when you finally figure them out. Not to mention, puzzles and riddles have been shown to benefit mental health. So you're basically giving your brain a solid workout. With that said, allow us to offer you a new brain workout, that has the internet scratching its collective head.
Advertisement - Continue Reading Below If you're trying to figure it out, you're likely glaring at the numbers, going back and forth from the first digit to the last. Are you stumped? Don't you just love a good puzzle? (h/t LittleThings) Follow Woman's Day on Instagram. How California's new copyright bill could chill public debate. Source: Fotolia A bill now being considered by California lawmakers is calling attention to the uneasy balance between copyright principles and public-records law. AB 2880, introduced by the Judiciary Committee and revised May 31, would allow state agencies to claim copyright protections in government works, while at the same time attempting to restrict agency efforts to use their copyrights to circumvent the state Public Records Act. Proponents say the bill brings order to California’s legal framework for state intellectual property, critics say it threatens the public domain—and I say it does both.
The bill was seemingly born from good intentions, and in some respects it has been improved by recent amendments, but the devil lies in the drafting details and their potential consequences. Copyright of state government works: It’s complicated Under the U.S. In fact, the rules seem variable even within California, depending on which sources you’re looking at. What the bill would do. Uk.businessinsider. Skye Gould/Tech Insider Albert Einstein was one of the greatest minds of the 20th century, and his contributions to human knowledge are unparalleled. The physicist conducted groundbreaking research on how our universe functions, including the Theory of Relativity, and predicted the existence of gravitational waves a century before we ever observed them.
But there's a reason the name "Einstein" is synonymous with "genius. " He wasn't just brilliant, he was deep: a scientist-philosopher who knew just how to describe the human condition. This genius, combined with the Earth-shaking human highs and lows Einstein witnessed during his lifetime, made for a perspective on life that's yet to be matched. We've compiled a list of Einstein's 15 best quotes that teach us about the mind, learning, and that crazy thing called life.
This is probably the biggest tax you pay. No one talks about it. The political debate over taxes often centers on income tax — a tax that gets increasingly larger for Americans who earn more money. For example, every dollar you make under $9,275 is taxed at 10 percent — but every dollar you make over $415,050 is taxed at 39.6 percent. For obvious reasons, this type of tax is less popular with higher-income Americans. But there are other federal taxes that Americans pay, too, the biggest of which are payroll taxes. Whether you earn $5,000 or $100,000, Americans pay up to 15.3 percent of their income to the government — largely to support Social Security and Medicare.
(Some payroll taxes are levied on your employer, who is likely to pass down some or all of it to you. This is why the amount you are on the hook for is tough to pin down.) Politicians don't spend much time debating the payroll taxes, and most of us don't spend much time thinking about them, either. Here's a chart that shows how the terms compare, in terms of Google search volume: The 7 books every entrepreneur MUST read! - KnowStartup. “Read the best books first, or you may not have a chance to read them at all.”
–Henry David Thoreau Entrepreneurs and business leaders know that they need to be reading. And, yes, most of us probably should be reading more than we do. But here’s the question that we need to answer: What books to do we read? Here are seven of the very best books on entrepreneurship that you should read, 1. In his powerful new book The Fred Factor, motivational speaker Mark Sanborn recounts the true story of Fred, the mail carrier who passionately loves his job and who genuinely cares about the people he serves. 2. The Go-Giver tells the story of an ambitious young man named Joe who yearns for success. 3. Here is Trump in action—how he runs his business and how he runs his life—as he meets the people he needs to meet, chats with family and friends, clashes with enemies, and changes the face of the New York City skyline. 4) Think and Grow Rich – Napoleon Hill 5) Keep Any Promise – Karim H.
Remember thinking? 23 Contemporary Writers You Should Have Read by Now | Reader's Digest.