background preloader

9 Out Of 10 Americans Are Completely Wrong About This Mind-Blowing Fact

9 Out Of 10 Americans Are Completely Wrong About This Mind-Blowing Fact
There's a chart I saw recently that I can't get out of my head. A Harvard business professor and economist asked more than 5,000 Americans how they thought wealth was distributed in the United States. This is what they said they thought it was. Dividing the country into five rough groups of the top, bottom, and middle three 20% groups, they asked people how they thought the wealth in this country was divided. Then he asked them what they thought was the ideal distribution, and 92%, that's at least 9 out of 10 of them, said it should be more like this, in other words more equitable than they think it is. Now that fact is telling, admittedly, the notion that most Americans know that the system is already skewed unfairly. So ignore the ideal for a moment. But let's look at it another way, because I find this chart kind of difficult to wrap my head around. So here's that ideal we asked everyone about. But let's move on. Sadly, this isn't even close to the reality.

Related:  News Worthy of ThoughtIdeas worth spreadingMoney, Economy & FinancesToward a Better Worldothers

Average Weather For New York, USA - WeatherSpark The probability that precipitation will be observed at this location varies throughout the year. Precipitation is most likely around March 17, occurring in 48% of days. Precipitation is least likely around October 4, occurring in 37% of days. Probability of Precipitation at Some Point in the Day The fraction of days in which various types of precipitation are observed. If more than one type of precipitation is reported in a given day, the more severe precipitation is counted.

The Awakening A time comes in your life when you finally get…when, in the midst of all your fears and insanity, you stop dead in your tracks and somewhere the voice inside your head cries out…ENOUGH1 Enough fighting and crying and blaming and struggling to hold on. Then, like a child quieting down after a tantrum, you blink back your tears and begin to look at the world through new eyes. This is your awakening.

Here’s How Many Millions Kate Spade Is Paying Its Top Execs Last week, Kate Spade parent company Fifth & Pacific announced that it would be changing its name to Kate Spade & Company, having sold off its two other clothing labels, Juicy Couture and Lucky Brand. The transition also marks a leadership change, with Kate Spade CEO Craig Leavitt taking over the reins from Fifth & Pacific chairman and CEO William L. McComb in late February. According to an SEC filing published yesterday (hat tip: WWD), we now know that Leavitt and Kate Spade Chief Creative Officer Deborah Lloyd are set to receive base salaries of $1,500,000 and $1,900,000, respectively. Add onto that an annual cash bonus equal to 150% of that base salary for Leavitt and 175% for Lloyd, along with market shares and long-term incentive awards of no less than $5,000,000 for Leavitt and $3,275,000 for Lloyd.

People Powered Media Mobilizes Masses While Mass Media Remains Silent In the last week there were two major examples of how people-powered media can educate and mobilize people even if the mass corporate media does not report on an issue. We now have the ability to educate each other and tell our narrative of what is occurring. The movement is not dependent on the corporate media. We are in the midst of an era of media transition. Your Olympic athlete body match 30 July 2012Last updated at 12:14 ET Olympic athletes come in all shapes and sizes, from the lithe limbs of Japan's Asuka Teramoto to the gargantuan frame of China's Zhaoxu Zhang. But how do you measure up in comparison? The Great SIM Heist: How Spies Stole the Keys to the Encryption Castle AMERICAN AND BRITISH spies hacked into the internal computer network of the largest manufacturer of SIM cards in the world, stealing encryption keys used to protect the privacy of cellphone communications across the globe, according to top-secret documents provided to The Intercept by National Security Agency whistleblower Edward Snowden. The hack was perpetrated by a joint unit consisting of operatives from the NSA and its British counterpart Government Communications Headquarters, or GCHQ. The breach, detailed in a secret 2010 GCHQ document, gave the surveillance agencies the potential to secretly monitor a large portion of the world’s cellular communications, including both voice and data. The company targeted by the intelligence agencies, Gemalto, is a multinational firm incorporated in the Netherlands that makes the chips used in mobile phones and next-generation credit cards.

Watch A Student Totally Nail Something About Women That I've Been Trying To Articulate For 37 Years Lily Myers: Across from me at the kitchen table, my mother smiles over red wine that she drinks out of a measuring glass. She says she doesn't deprive herself, but I've learned to find nuance in every movement of her fork. In every crinkle in her brow as she offers me the uneaten pieces on her plate. The Unexpected Costs of Being a Fashion Blogger Fashion blogging sounds like a pretty sweet gig, right? How fun would it be to sit front row at the shows, be flown by brands to exotic locales for events and spend a good chunk of your time playing dress up while your boyfriend snaps photos of your outfit combinations? And while fashion blogging is all of those things in the eyes of many, it's also a profession for a select few. As one rises up the blogging ranks, the job becomes a job -- with real responsibilities.

The Two Faces of Empire: Melville Knew Them, We Still Live With Them This post first appeared on TomDispatch. A captain ready to drive himself and all around him to ruin in the hunt for a white whale. It’s a well-known story, and over the years, mad Ahab in Herman Melville’s most famous novel, Moby-Dick, has been used as an exemplar of unhinged American power, most recently of George W. Bush’s disastrous invasion of Iraq. CrunchBase Reveals: The Average Successful Startup Raises $41M, Exits at $242.9M The CrunchBase dataset has now captured more venture exits than ever, so we decided to take a closer look at what successful startups can tell us about venture investing and the startup landscape. We found that the average successful US startup has raised $41 million and exited at $242.9 million. We also found that there is a strong correlation between larger exits and companies that raised more money, but no such relationship between the amount of time between founding a company and being acquired or taken public. Between the two types of exits, we found that the average successfully acquired U.S. startup has raised $29.4 million and sold for $155.5 million, for investor profits of about 7.5x (if you assume 100 percent investor ownership of the company, which is never the case).

16 Maps That'll Change How You See New York City With such a large and diverse population spread across so many dynamic neighborhoods, it can be hard to get a sense of what New York City is actually like. This series of maps might give you a better idea. The maps show the differences between New York City neighborhoods across a number of factors, including income, unemployment and even noise pollution. The maps were produced by, a website that provides hyper-local information on urban neighborhoods. The world’s “poorest” President Meet José Mujica. He may look like your average farmer or grandfather, but he is anything but. This man is globally known as the world’s “poorest President” because he lives a life of humility… all while leading the country of Uruguay. As a man who trulycares about his people, he doesn’t take an obscene amount of money to just act as a politician.

The tiny home built from scratch for $11,000 by architect Architect Macy Miller woke one morning from a dream following her divorce and home foreclosure and decided she would built her own tiny houseSpent just over $11,000 creating her mini-masterpiece in Boise, Idaho By James Nye Published: 05:09 GMT, 16 December 2013 | Updated: 13:33 GMT, 16 December 2013 In one small swoop, Idaho architect Macy Miller has opted out of paying rent or even a mortgage with her perfectly formed 'Tiny House' - that cost her only $11,416.16 and which she broke her back building.

Related:  Class Warfare - Pay Attention, America...