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News that matter from around the globe
Snapchat CEO's Job Seems Safe Despite His Gross Emails To Frat Brothers
Thursday, 29 May 2014 13:29
Yesterday, derogatory college emails sent by Snapchat CEO Evan Spiegel were published by Valleywag, but it doesn't seem like Spiegel needs to worry about his job. A source close to the company justified the emails to Business Insider: "He is 23 now. Then, he was a kid, a frat boy kid ... everyone sent stupid emails and did stupid things when they were 19." Spiegel's emails were sent in late 2009 and early 2010 while he was social chair of Stanford's Kappa Sigma fraternity. They reference binge
This Simple Rule Will Keep You From Buying Stuff You Don't Need
Thursday, 29 May 2014 13:39
Not buying things you don't need is much easier said than done. Luckily, blogger Bridget from Money After Graduation has a simple guideline that helps her exercise a little more control: The 45-Minute Rule. "If you will not use an item for a least 45 minutes per day, you do not need to own it," Bridget says. The rule, the origin of which she can't remember, and which doesn't apply to things like food or toiletries, is handy both for buying ("How often will I really wear these novelty
This Woman Redesigned Her Dress To Keep Away Strangers And Protect Her Personal Space
Thursday, 29 May 2014 13:42
When you're on a crowded subway, the common practice is to avoid eye contact and just pretend like there's not someone breathing on your face. But when that isn't enough for you, you can always pimp up your dress to keep people away. Tokyo-based artist Kathleen McDermott was tired of people invading her personal space, so she decided to create the Personal Space Dress, a dress that integrates an ultrasonic sensor to detect when someone is too close. When someone is detected, the dress
TV Host Andrew Zimmern Reveals His Favorite Places To Eat And Drink In Rio
Thursday, 29 May 2014 13:43
Chef, world traveler, and host of Travel Channel show "Bizarre Foods" Andrew Zimmern has visited Brazil multiple times. It's his job to seek out the best of the best when he travels, and he's shared his picks for the best restaurants, bars, and hangout spots in Rio de Janeiro. Zimmern, who has traveled to over 127 countries and is known for ingesting unusual local foods, said that rather than the meats, it's the quality and variety of the fresh fruits and vegetables that appeal to him in
The NSA Is Firing Back At Edward Snowden Over One Of His Key Claims
Thursday, 29 May 2014 13:44
The NSA tried to poke a huge hole in one of the claims self-described whistleblower Edward Snowden made in a lengthy interview this week by releasing one of his old emails from his time at the intelligence agency. On Thursday, the Office of the Director Of National Intelligence posted on its website what it described as Snowden's only correspondence with NSA's Office of General Counsel. In his interview, with NBC's Brian Williams, Snowden said he sent multiple emails to the NSA's
Read The Passionate Memo Fox Boss Sent Staff Before His Abrupt Departure Today
Thursday, 29 May 2014 13:45
Kevin Reilly, Chairman of Fox Entertainment, was in the midst of overhauling the network when it was announced today that he will depart Fox Broadcasting Company by the end of June. The LA Times reports, "The major shake-up comes after the Fox television network wrapped up a bruising season, with ratings for its regularly scheduled shows slumping. Reilly's decision to leave had been in the works for several weeks, and negotiations accelerated this week." Reilly has been the
Here's The Real Reason Apple Hasn't Taken Beats Music Away From Android Users (AAPL)
Thursday, 29 May 2014 12:19
Apple has done something very out of character with its recent acquisition of Beats Electronics. It's keeping the company's streaming music service on Apple's biggest iPhone competitor—Android. Apple CEO Tim Cook shared this news with The Financial Times, saying that "it's all about the music." On stage at Re/code's inaugural conference, Apple's senior vice president of internet software and services Eddy Cue also said Apple would keep Beats Music on Android. This may not sound
CHARTS: Which Americans Are Giving Birth And How They Are Doing It
Thursday, 29 May 2014 12:22
The Centers for Disease Control and Prevention recently released the latest statistics on birth in the United States. There are a few things worth highlighting. 1. Women are having fewer babies. The fertility rate in 2013 was 62.9 births per 1,000 women 15-44 years old — a record low. 2. Women are giving birth at older ages. Teen motherhood is at a record low, and the birth rate for women in their twenties is also declining. Women are now likelier to give birth in their early thirties
Google Might Control Your Home's Electricity One Day (GOOG)
Thursday, 29 May 2014 12:38
Google could easily become your next power company, thanks in part to its energy-related investments and its $3.2 billion acquisition of smart thermostat maker Nest.  Google has already made a number of energy-related investments in residential solar power company SunPower, Panhandle 2 wind farm, and Elon Musk's SolarCity. In fact, Google has invested over $1 billion in wind and solar projects.  Meanwhile, Google's acquisition of Nest "ought to give utility officials a
Here's The Real Reason Why Americans Aren't Buying Homes
Thursday, 29 May 2014 12:56
Activity in the U.S. housing market has slowed to a level that even Fed chair Janet Yellen has said she's concerned about the recovery. This comes even as mortgage rates have been declining, and lending standards have been easing. A lot of attention has been paid to the demand-side of the story. Specifically, there's concern that Americans don't want to buy homes, perhaps because they're not optimistic about the economy or they're worried about the security of the jobs. But an increasing number
HOUSE OF THE DAY: Wall Street Banker Buys Old-World Park Avenue Duplex For $8.5 Million
Thursday, 29 May 2014 12:59
Wall Street banker Brian Kelly and his wife Robin Foley just purchased 10-room Upper East Side duplex for $8.495 million, according to CityRealty's blog 6sqft. The two-story apartment, at pre-war 830 Park Ave., still has original touches from the early 20th century mixed with modern finishes. The four-bedroom condo contains a grand staircase and tall ceilings. Each floor even has its own air conditioning system. 830 Park Avenue was built in 1912 by Art Nouveau
America's Second-Highest Court Bashes 'Porno-Trolling Collective'
Thursday, 29 May 2014 13:08
The U.S. Court of Appeals for the D.C. Circuit — considered America's second-most important court after the Supreme Court — has issued an opinion railing against a copyright holder that another judge has called a "porno-trolling collective." Writing for the DC Circuit this week, Judge David S. Tatel ruled that AF Holdings can't subpoena five internet service providers for the identities of roughly 1,000 people who allegedly downloaded and shared the porn movie "Popular Demand." AF
If You Want To Get Hired, Act Like Your Potential Boss
Thursday, 29 May 2014 13:16
If you want to work at a consultancy, law firm, bank, or elsewhere in the professional elite, landing a job may not require you to be the best qualified.    Instead, it could depend on whether you have a "spark of commonality" with the hiring manager you interview with.  Drawing from 120 interviews with employers, as well as participant observation of a hiring committee, Kellogg School of Management professor Lauren Rivera has found that hiring managers want recruits
The Most Commonly Misspelled Names in Sports
Thursday, 29 May 2014 13:18
With the Scripps National Spelling Bee crowning a new victor this afternoon, The Wall Street Journal has put together a ranking of athletes and coaches whose names are most commonly misspelled based on research from the content aggregation site Factiva.  Leading the way is Miami Heat guard Dwyane — not Dwayne — Wade, whose first name has been spelled incorrectly in 6,480 of the 142,599 articles Factiva aggregated, good for 4.3%.  Taking second place is Calgary Flames
How To Join The Hedge Fund Industry's '$1 Billion Club'
Thursday, 29 May 2014 13:21
Preqin's latest report on the hedge fund industry is out, and one of the main takeaways: most of the money parked in hedge funds is controlled by a small number of firms. Preqin reports that the "$1 billion club," or hedge fund managers that have more than $1 billion in assets under management, is made up of just 505 of the 4,621 active fund managers.  These are five traits the largest funds have, and if you have dream of joining $1 billion club, this is a good place to start. Get an

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