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Category: blogSource: benzingaSep 22nd, 2022

Transcript: David McRaney

    The transcript from this week’s, MiB: David McRaney on Belief, Opinion, and Persuasion, is below. You can stream and download our full conversation, including the podcast extras on iTunes, Spotify, Stitcher, Google, YouTube, Bloomberg, and Acast. All of our earlier podcasts on your favorite pod hosts can be found here. ~~~ VOICEOVER: This… Read More The post Transcript: David McRaney appeared first on The Big Picture.     The transcript from this week’s, MiB: David McRaney on Belief, Opinion, and Persuasion, is below. You can stream and download our full conversation, including the podcast extras on iTunes, Spotify, Stitcher, Google, YouTube, Bloomberg, and Acast. All of our earlier podcasts on your favorite pod hosts can be found here. ~~~ VOICEOVER: This is Masters in Business with Barry Ritholtz on Bloomberg Radio. BARRY RITHOLTZ, HOST, MASTERS IN BUSINESS: This week on the podcast, I have an extra special and fascinating guest. His name is David McRaney and he is a science journalist and author. I first came to know David’s work through his blog and book, “You Are Not So Smart” which was a fun review of all of the cognitive foibles and behavioral errors we all make. But it turns out that David was looking at how people change their minds, how you persuade people and he thought the answer was found in all of these cognitive errors. And if you could only alert people to the mistakes they were making whether it be fact checks or just showing them their biases and the heuristics they use and the rules of thumb they use that were wrong, hey, the would come around and see the light. And as it turns out, that approach is all wrong and his mea culpa is essentially this book, “How Minds Change.” It turns out that persuading people about their fundamental beliefs involves a very, very specific set of steps starting with they have to want to change, they have to be willing to change, which only occurs when people come to the realization that they believe something for perhaps reasons that aren’t very good. And it’s a process, it’s an exploration. It’s fascinating the people he has met with and discussed whether it’s deep canvassing or street epistemology or some of the other methodologies that are used to persuade people that some of their really controversial political beliefs are wrong. He’s met with various people from — everything from flat earthers to antivaxxers to the folks who have left the Westboro Baptist Church, a pretty notorious and controversial institution. I found this conversation really to be tremendous and fascinating and I think you will also. With no further ado, my interview with David McRaney. Well, I’ve been a fan of your work and I thought when this book came out, it was a great opportunity to sit down and have a conversation with you. Before we get to the book, let’s talk a little bit about your background. You started as a reporter covering everything from Hurricane Katrina, test rockets for NASA, halfway home for homeless people with HIV, what led you to becoming focused on behavior and psychology? DAVID MCRANEY, JOURNALIST, BOOK AUTHOR: Well, I thought this was I was going to do for living. I went to school — to university to study psychology. I thought I would be a therapist. I got that degree with an — as I was doing that, there was a sign-up on campus that said opinionated in big Helvetica font. I was like, yes, I am. That would have been — that seems new, what is that? And they said, come down to the offices of the student newspaper. I went down there and said, how does this work? They said just emails stuff. Do you have an opinion piece you want to do? I’m like — and I wrote a really like sophomoric thing about Starbucks on campus because they were just about to come in the campus and I’ve wrote that and wrote a couple of things. And then there was a study that just recently come out and who knows if it’s replicated through the test of time but it was when your favorite sports team loses, men’s sperm counts go down. And I thought our team at our school had lost every single game that year so far. RITHOLTZ: What does mean for the future progeny of alumni? That’s frightening. MCRANEY: And I thought it would be a great headline that would be funny and the headline wrote was Evidence suggests that sperm counts reach record lows on campus and one of my professors laughed about it and asked the whole class if they had read it but they didn’t know that I was in the class. I was like, this could be fun. So, I switched to journalism and went all the way through the student paper then went into print journalism and TV journalism. But I — once I reached a certain point in that world, I wasn’t able to write any more. I was doing editing and helping other people and I just really wanted to write something and it just so happened bogs are becoming very popular that time. My dad says and the others that were like — RITHOLTZ: That’s way later. MCRANEY: Yes. RITHOLTZ: I’m thinking back to Yahoo’s GeoCities in the late ’90s. MCRANEY: I played in that role, too. RITHOLTZ: I mean, I’m the OG when it comes to blogging and I go way, way back. MCRANEY: I feel you. I just happened to be there when they blew up in the point of like they got book deals and I’ve started a blog called “You Are Not So Smar” about all the cognitive biases and fallacies and heuristics that I really enjoyed. And I wrote a piece about brand loyalty that went viral and the rest is history. I was asked to write a book about it and then I was like I will continue playing in this role. But I started a podcast to promote the second book because the first book did so well, they said do another really quickly and I did. RITHOLTZ: “You Are Less Dumb Now.” MCRANEY: Yes. “You Are Now Less Dumb.” Yes. RITHOLTZ: “You Are Now Less Dumb.” MCRANEY: And it just so happened I started a podcast right when podcasts were becoming a thing. I sent email to Marc Maron because he had the number one podcast. I said, how do you do this? And he actually sent me an email with a bullet point — RITHOLTZ: Really? MCRANEY: — like each with links to Amazon items and — RITHOLTZ: No kidding? MCRANEY: And he was very nice and like — and I got all the stuff and started it up and that has now become sort of the centerpiece because that’s — I was there when I got a go. RITHOLTZ: My pitch for this podcast was WTF meets Charlie Rose and — MCRANEY: That’s a good pitch. RITHOLTZ: — and nobody knew what WTF was. But, I mean, they didn’t know the acronym nor did they know the podcast because you have to be a little bit of a comedy junkie to found that in the nearly days. MCRANEY: Right. RITHOLTZ: Later on, it was ubiquitous. So, sticking with journalism, when you were still writing, you seemed to have covered some really unusual and interesting stories. Tell us about one or more surprising things that you covered. MCRANEY: I always wanted to do feature pieces. That was the world that I love when I was in journalism school and Frank Sinatra has a cold, electric Koolaid acid test, I just wanted to write features. I wanted to be there in person and like tell you explore humanity from the inside out and way in. The halfway home for HIV-positive men for homeless people in the Deep South, that was a real turning point for me because I had to spend about three weeks on that story, visited all the different people, went to all the different meetings. And the homelessness is very invisible the Deep South. They often live in the woods. They live in the forest. RITHOLTZ: Right. MCRANEY: They — there is — a lot of people in the Deep South noted that (ph) that there is a homeless problem and that was a really interesting way to break that story into the public consciousness of there’s a problem here. It’s just hidden from a very particular way. And a lot of people aren’t even aware that there were organizations that dealt with that and that really showed me this is the world I want to be and this is the kind of stuff I want to do. RITHOLTZ: So, I’m picking up a theme in both your writing columns and books which is there’s a problem you don’t know about and it’s hidden and here it is. MCRANEY: Just that whole thing, hidden worlds are it for me. Like I grew up in a trailer in the woods in the Deep South and as an only child, I was always searching for the others. I didn’t know how I was going to get there and once I got it, a hand was extended into the stage, that’s all I want to do. Like I call them tiramisu moments because I remember — RITHOLTZ: The first time you had tiramisu? MCRANEY: I was — I went to — I was — when I was still in — working for TV station, we had a little conference where people in my position went and we went there and we got tiramisu as a dessert and I remember I took a bite of it and I was like, my God, this is so damn good. What is this? And everyone, they were like, it’s tiramisu, and I was like, yes, yes, yes, tiramisu, love this stuff. And– and — but that’s — yes, that’s what I’m pursuing now. I want more of those things I didn’t know I didn’t know. RITHOLTZ: That’s really quite interesting. So, I guess it’s kind of natural that you evolve towards behavior and cognitive issues. I was going to ask you what led to it but it seems like that’s something you’ve been driving for your whole career. MCRANEY: Yes. So, unity through humility. It’s — it’s — we’re all absolutely stumbling and fumbling in the dark and pretending like we know what we’re up to. Even here on these fantastic Bloomberg offices like the thing I want to avoid is the sense that I’ve got it all figured out and there are massive domains in psychology, neurosciences or social sciences that just start from that place and then investigated And I find that when I discovered these things that we all share that should give us a pause, should cause us to feel humility, I feel like I’m in the right spot and I want to like dig deeper in those places and reveal them so we can all be on the same page that way. RITHOLTZ: So, blind spots, unknown unknowns. MCRANEY: Yes. RITHOLTZ: Things that we are just clearly clueless about MCRANEY: And the biases there. When I started out, things like confirmation bias wasn’t – it wasn’t as just tip of tongue as it is now and survivorship bias, things like that. RITHOLTZ: So, I noticed in this book nothing written about Dunning-Kruger, nothing about Cialdini’s persuasion. Is that a different approach to decision-making and psychology like or — because I always assumed there would be a little bit of an overlap there. MCRANEY: I didn’t want to rethread anything. There’s some foundational stuff that I do talk about in the book that I feel like you can never not talk about things. RITHOLTZ: Some which goes back a century. MCRANEY: And like the introspection illusion has to always be a talk about we don’t know the antecedents to our thoughts, feelings and behaviors but we are very good at creating narratives to explain ourselves to ourselves and if you always have to mention that in any book about this topic is one of my concerns. And so, there’s a little bit of that. But like Dunning-Kruger and all the other big heavy hitter, I definitely did not want to write how to win friends and influence people part two because I wanted to come from a very different perspective on all of this and I didn’t want it to be a book specifically about persuasion because I don’t think they’re start talking about actual persuasion techniques to about page 200. Like I show you people who are doing things that could be labeled as persuasion techniques but I don’t get on like the science of it later. Now that you mentioned Dunning-Kruger, I just recently spent some time with old Dunning, Professor David Dunning. He — RITHOLTZ: A former guest on the show. MCRANEY: Wow. RITHOLTZ: I don’t think he’s that old. I think he’s — MCRANEY: I say old in a chummy patch on the back that way. He — I keep asking him to come back to my show but he’s working on a new project and he’s — RITHOLTZ: A new book on Dunning-Kruger. MCRANEY: Yes. Yes. Because lot of people — there’s been always few who want to knock it down and he’s — RITHOLTZ: There had been attempts but none have really landed a blow. MCRANEY: So, we helped him out or he helped us out. My good friend, Joe Hanson has a YouTube channel and does exposures on science stuff, it’s called “Be Smart” and we were talking about that recent — there was a story about someone who — the pilot went unconscious and they’ve landed the airplane but they got help from the tower And we were talking about that and I was like, I feel like I could land an airplane based off on my videogame experience, and Joe said he thought he could, too. I said, this has got to be Dunning-Kruger, right? And I said, it would be cool if you did a video where you’re going to like one of those — RITHOLTZ: A simulator, a real simulator. MCRANEY: — a commercial flight simulators. RITHOLTZ: Yes. MCRANEY: And I just said, yes, try, go ahead, land. RITHOLTZ: Knock yourself out. MCRANEY: And so, he get — I got in touch with Dunning and Dunning was like, I can’t wait to be part of this project. So, he done interviews back and forth with Dunning before and after and, of course, he gets in the simulator and they hand him the controls and they say, okay, land it, and, of course, he crashed and he crashed it three times. RITHOLTZ: Right. That’s impressive. Even David Dunning tells a wonderful story about they never expected the research paper, Dunning-Kruger on metacognition, to explode and he goes, I never thought about trademarking it. He goes, go on — go on Amazon and you’ll see Dunning-Kruger University. MCRANEY: Yes. RITHOLTZ: Shirts, keychains, all sorts of stuff because there’s million dollars there. I just had no experience in that and I got little Dunning-Kruger for David Dunning, right? MCRANEY: That’s a little Dunning-Kruger for David Dunning. RITHOLTZ: Did not — did not think about the commercial side of it. So there’s a quote I want to share because it sets up everything and I’m sort of cheating, it’s from — towards the end of the book, “We do this because we are social primates who gather information in a biased manner for the purpose of arguing for our individual perspectives in a pooled information environment within a group that deliberates on shared plans of actions towards a collective goal.” MCRANEY: Yes. RITHOLTZ: Kind of sums up everything we do in a paragraph. MCRANEY: Yes, it does. That was — a lot of work with it, years of work within that little paragraph. RITHOLTZ: One paragraph. MCRANEY: That a lot of that comes from something that’s called the interactionist model. There’s sort of a peanut butter and chocolate that have come up that’s in this book because I’ve spent years talking to people through “You Are Not So Smart” and I could argue that we’re flawed and irrational, right? And that was — there was a big pop psychology movement for that about a decade ago, things like predictively irrational and even the work of Kahneman-Tversky like a lot of the like interpretation of that was like look how dumb we are, right? Look how easily fooled. Look how bad we are with probabilities. And one of the incepting moments of this book was I did a lecture and someone came up to me afterward. Her father had slipped into a conspiracy theory and she asked, what do I do about that, and I told her nothing. It was like — but I felt grossed saying it. I felt like I was locking my keys, my car. I felt like I think I know enough to tell you that but I know I don’t and also, I don’t want to be that pessimistic and cynical. And at the same time, the attitudes and norms around same-sex marriage in the United States had flipped like very rapidly. RITHOLTZ: We’re going to go into that MCRANEY: Right. So, those two things together, I was like, I would — I want to understand this better. So, I invited on my podcast Hugo Mercier and he teamed up with Dan Sperber and they created something called the interactionist model, which is a model that I only want to talk about changing minds or arguing, and it opened up this whole world. And through them, I also met with Tom Stafford and there’s the interactionist model and there’s the truth wins scenario and those are sort of the peanut butter and chocolate muffins because instead of looking at people’s being flawed and irrational, now I see this just as biased and lazy, which is different. And what you were just talking about with that paragraph is about the interactionist model, which is a lot of the research that went into all those books from about a decade ago, they were pulling from studies that were done on individuals in isolation. RITHOLTZ: Right. MCRANEY: When you pool all of their conclusions together and you treat people as a group of people based off that research, we do look kind of flawed, right? We do look very irrational. But if you take that exact same research and you allow people to deliberate in groups, you get much different reactions, much different responses. That’s been furthered by the work of Tom Stafford. He’s been taking some of the old stuff from those old studies and putting them to groups and even creating social media similar acronyms that worked like Twitter and Facebook and stuff but have a totally different context, allows people to deliberate and argue in different ways and you get much different results, you get better results. A good example of that is like you take something from a cognitive reflection testy or something — like — I’ll make it real simple so we don’t have to like do the weird math on this. Like you’re running a race and you pass the person on second place, what place you’re in. And the intuitive answer, you sort of trying to work it out in your head but the answer was, if you like lean back, is, well, I replaced second place, I’m in second place. But if you ask people individually, you get a pretty high response rate where they get the wrong answer. RITHOLTZ: Right. MCRANEY: But if you take that exact same question and you post it to a group of people, and I do in some lectures now, and you say, okay, I’m going to ask this question, keep the answer to yourself, now does anyone have the right answer, you know you have the right answer, raise your hands, somebody raises their hands. I said, okay, what’s the answer? They give me the answer and then you say, explain your reasoning, and then they explain the reasoning. When they give their answer, there will be a grumble in the crowd. RITHOLTZ: Right. MCRANEY: When they explain the reasoning behind it, the crowd goes okay. Now, if you took everyone’s individual answer and pooled it together, you’re like, wow, 80 percent of this group got the wrong answer. RITHOLTZ: Right. MCRANEY: But if you allow that deliberation moment to take place where I explain my reasoning to you, you get a group of people who would go from 80 percent incorrect to 100 percent correct. It really sets up for that. The interactionist model is all about this story. Hugo Mercier and Dan Sperber, they have a great book about this called “The Enigma of Reason.” It’s not a light read. It’s really sort of academic. But it’s great because they found, looking through the old research and their own new research, that we have two cognitive systems, one for producing arguments, one for evaluating arguments. And the one that produces arguments does it very lazily and very — in a a very biased manner. You can think of it like you ask where do you want to go eat and you have three or four people after a movie like hanging out in the lobby, they’re like, I want to go — I want to go here, I want to go here, I want to go here, and they have biased reasons for that. One person goes over and says, hey, let’s go get sushi and somebody is like, where, over here, no, no, my ex works there or someone would say, I had sushi yesterday or I don’t like sushi. You can’t predict what are going to be the counterargument. So, you present your most biased and lazy argument up front and you let the deliberation take place in the pooled evaluation process. You offload the cognitive labor to that. We’re all familiar with that. Everyone has their ideas. You trade back and forth and we decide on the group goal in the plan, which is what this is ought to do. But we’re also very familiar with the way that plays out on the Internet which is my good friend — RITHOLTZ: Which is removed and you don’t get the same — MCRANEY: That’s right. RITHOLTZ: — social cues coming. MCRANEY: Right. So, you get like to say — my good friend Alistair Croll who runs conferences, he put it to me like this as like, yes, on the Internet, when you say I want a grilled cheese sandwich, it’s not an argument for who wants grilled cheese sandwiches, should we get grilled cheese sandwiches, anyone else agree with me. On the Internet, on most platforms we use today, it’s saying I want grilled sandwiches, who wants to go with me to the grilled cheese sandwich room. And so everyone who agrees with that position is already like, yes, that’s what I want, too. They get pooled off into a community of people who want this and then a whole new set of psychological mechanism is going to play which is all about being a social primate and be in a community. RITHOLTZ: So, there’s no iteration, there’s no debate, there’s no consensus forming as to what the best solution to that problem is. MCRANEY: Right. MCRANEY: You just have some salient issue and people form like — MCRANEY: Right. And what looks like madness or what looks like some sort of nefarious thing going down, one of the things that the Internet gives us is the ability to group up very quickly. And we are social primers, if we go into a group, we start being worried about motivations like I want to be a good member of my group, I want to be considered a trustworthy member of my group and so on. And you get a lot of the weird stuff we see today that falls into the domain of being polarized or being in a system where everyone is, if you have — in a group of people who agree with you in your current position, it’s very difficult to argue out of it because that can always fall back to them for backup. And so, that’s some of the stuff that goes into that paragraph and it gets more complicated from there. But, yes, it’s — that was very illuminating to me and a lot of the new material in this book relates back to them. RITHOLTZ: Not that the earlier books were wrong or incorrect in any way but I kind of took this as a little bit of a mea culpa in terms of, hey, I was focusing on one area but really, we need to focus on a broader area in terms of not just why we make these cognitive errors but how you can change somebody’s mind who’s trapped in some heuristic or other cognitive problem that is leading them the wrong way. MCRANEY: I did not intend for this to be like some sort of marketing phrase or trick but it’s the truth. I — in writing the book of “How Minds Change” I changed my mind on a lot of stuff that I was like depending on for like career and I’m happy to do that. It feels really great to be on the other side of some of these things and see it more clearly and with more dimensionality to it. RITHOLTZ: So, let’s talk a little bit about the blog that led to the book — MCRANEY: Yes. RITHOLTZ: — that really put you on the map, “You Are Not So Smart.” I love the title of this. Why you have too many friends on Facebook, why your memory is mostly fiction, and 46 other ways your deluding yourself. MCRANEY: Yes. MCRANEY: Were there 46 chapters? Was that just a random — MCRANEY: No. No. It was exactly how many things are explored in the book. Yes. RITHOLTZ: That’s great. So, we already discussed what led you to this area of research. Why did you decide to go from blogging, which is easy and short form, to writing a book, which anyone who had done it will tell you it can be a bit of a slog? MCRANEY: It was — here’s how that happened. I was just blogging way back in the early days, maybe had a thousand people reading my stuff and those back way before medium in Twitter and the other way to get your stuff out there. RITHOLTZ: Right. MCRANEY: And I — RITHOLTZ: When did you launch “You Are Not So Smart” as a book? MCRANEY: Maybe like 2008, 2007, around there. RITHOLTZ: Okay. MCRANEY: I got into an argument with two of my friends about what was better, the PlayStation 3 or the Xbox 360. We got so mad at each other that it was like I might not be able to like hang out with them. RITHOLTZ: Really? MCRANEY: And I — RITHOLTZ: This — this isn’t a political Trump versus Biden debate. This is — MCRANEY: Yes. RITHOLTZ: But it’s just as hard. MCRANEY: But it is. We’ve been together — it’s the same psychology. RITHOLTZ: Right. MCRANEY: And I couldn’t get over like why would I get mad about this, it’s just a box of wires and — RITHOLTZ: I like that. MCRANEY: And I — since I had a background in psychology, I went — and I had access to the university library, I just was like, well, there’s got to be some material about this. RITHOLTZ: Right, MCRANEY: I found a bunch of material on brand loyalty and identification and group identity. RITHOLTZ: Right. MCRANEY: And I wrote a little blog about it but I framed it as Apple versus PC, those commercials were out right then. RITHOLTZ: Right. MCRANEY: And at that time, the blog Gizmodo had stolen the iPhone prototype. RITHOLTZ: I recall that. Yes. MCRANEY: And then like Steve Jobs sent an email — RITHOLTZ: They didn’t steal it. They found it in a bar. MCRANEY: Yes. They found it — they found it in a bar. And Steve Jobs sent them an email that says give me back my iPhone and they just — they just went for the hits and they got super viral and I just assumed they had like a Google alert for stuff written about Apple stuff. And I got an email that said, can we maybe blog your blog post on this, and I was like, yes, for sure. And I went from a thousand to 250,000 people and I was like, I should write a bunch of stuff on it. So, that week, I just started going like things in that sort of area and I wrote a lot of more things about like learned helplessness and other issues And I had an audience and it was maybe four months later, an agent reached out who had worked on Freakonomics and said, I think this could be a book, and she’s still my agent. I actually met with her today. If I’m in town, I always try to meet with her because she changed my life, (inaudible), amazing human being. And we turned it into a book and about half of it was already in blog form. I wrote the rest of it for the book. And that book just really took off like it’s still — even today, it’s like in 19 different languages. RITHOLTZ: Wow. MCRANEY: Every once in a while, it will be the number one in a different country. It was recently number one in Vietnam. Well, that’s how I went from blog to book world. But then they were like, hey, could you write another book, and I said, I sure can. And I wanted to promote it and at that time, podcasting had just become a thing. I was listening to Radiolab and This American Life and I was like you’re always listening WTF and I said, I want to do something like that, and I just started up a podcast to promote it. And it just turned out that the podcast was really where I could actually explore the stuff and I jumped into it. RITHOLTZ: So, there is a quote, I think this might be from the back of the book. So, I don’t know if this is your words or a blurb I’m stealing. But, quote, “There is a growing body of work coming out of psychology and cognitive science that says you have no clue why you act the way you do, choose the things you choose or think the thoughts you think.” MCRANEY: Yes. RITHOLTZ: Explain it MCRANEY: That’s called the introspection illusion that’s been a real centerpiece of my work for longtime. We don’t have access to the antecedents of our thoughts, feelings and behaviors but we do have thoughts, feelings and behaviors that require some kind of explanation and we are very good at coming up with these post hoc, ad hoc rationalizations and justifications for what we’re doing. And those eventually become a narrative that we live by, become sort of the character we portray and we end up being an unreliable narrator in the story of our own lives as of the two is like a one-two punch. You’re unaware of how unaware you are and that leads you to being the unreliable narrator of the story of your life. And that’s fine like this is something that is adaptive in most situations but there is — when we get into some complex stuff like politics running a business, designing an airplane, you should know about some of these things because they’ll get you into some trouble that we never got into 100,000 years ago. RITHOLTZ: So, a lot of this evolutionary baggage that we carry forward. But you touched on two of my favorite biases. One is the narrative fallacy that we create these stories to explain what we’re doing as well as hindsight bias where after something happens, of course, that was going to happen, we saw it coming. Tell us about those two biases. MCRANEY: Well, narrative fallacy, I love this, my good friend Will Storr who writes — RITHOLTZ: It’s a question I have for you. MCRANEY: I love Will. RITHOLTZ: Enemies of Science. MCRANEY: I love Will so much and he has a book not too long ago that came up with the science storytelling and I love that domain. All — the whole hero’s journey, the — RITHOLTZ: Sure. MCRANEY: — Campbell. RITHOLTZ: Joseph Campbell. Right. MCRANEY: The science side of that is most storytelling takes place exactly along the same lines as retrospection. So, retrospection looking back, perspective looking forward. We tend to look back on our lives as we’re the hero, we’re the protagonist and whatever we’re looking at specifically, it’s like, okay, we started out in this space and then we went on an exploratory journey and then we basically came back over — RITHOLTZ: Make a quest. MCRANEY: Yes. Eventually, we came back around with that new knowledge and applied it. RITHOLTZ: A changed person. MCRANEY: Yes. Yes. We have the synthesis and the anti-thesis, all those things are how we kind of see ourselves, it’s how we make sense of our past because if we couldn’t remember everything, that would be horrible. So, we have — so we edit it to be useful in that way, That’s why when you’re watching a movie or reading a book and it doesn’t seem to be working for you, it’s because it’s not really playing nice with that retrospective system. But it’s also how our personal narratives seem to be very nice and tidy in that way and — although they never are. If you’ve ever told a story about something with someone who’s also there and they’re like, it didn’t happen that way. RITHOLTZ: My wife — yes. My wife says that all the time. I don’t know what — what experience he had but I was there, none of that happened. MCRANEY: That’s right. And you — if without people to check you, what does that say? It says that a whole lot of what you believe is the story of your life is one of those things that if we had a perfect diary of it or a recording of it or someone who is there who could challenge you, it wasn’t exactly the way you think you are. RITHOLTZ: Who is the professor after, was it 9/11 or some big events, had everybody write down their notes as to what they saw, what they felt, what they’re experiencing, and then — I guess these were freshmen and then by the time they become seniors, they circle back and asked them now it’s three years later and not only do they misremember it but when shown their own notes, they disagree with themselves. MCRANEY: Yes. Yes. That’s been repeated a few times. I talked about in “How Minds Change” Robert Burton did this experiment after the Challenger incident. That was his — that was the big one, right? But the one in that study was when it’s signaling above the noise and, yes, that’s the most amazing part of it, you –you — they have the write down whatever happened and what you thought happened. They also do it prospective wise. I think they’ve done — they’ve done it where — tell me what you think is going to happen, and he put it to a Manila envelope and the thing — whatever event takes place and then you ask people, what did you — what did you predict was going to happen and they tell you I predicted exactly what happened. We take out the Manila envelope and it’s not that and they’re like, come one, there’s no way. RITHOLTZ: Even though that’s my handwriting, I never would have written that. MCRANEY: And that’s the weirdest thing in the — in the Challenger study. When he showed people that their memory was absolutely not what they thought it was, their first reaction was to say, you’re tricking me. Like this is — you wrote this, like somebody else wrote this. And that seems so similar to something called anosognosia. RITHOLTZ: Yes. MCRANEY: And anosognosia is the denial of disorder and you can have like a lesion or a brain injury that imposed something is wrong in your body but then on top of that, you have this other thing which is denial, nothing is wrong in your body. So, I’ve seen cases where people have an arm that doesn’t function properly and they’ll ask like, why can’t you lift your arm, why can’t you pick up this pencil and they’ll say, what are you doing, I can pick that up. What’s going on with this arm? They’re like that’s my mom’s arm. She’s playing a joke on me right now. RITHOLTZ: It’s like the split-brain patients — MCRANEY: Yes RITHOLTZ: — where they don’t understand what they’re seeing. MCRANEY: Right. RITHOLTZ: They come up with — MCRANEY: This is the greatest example what we’ve been discussing is if you have someone who has a — they call split-brain patient. You take the corpus callosum that connect the two hemispheres. A corpus callosotomy is often perform in a person who has a certain kind of — they have seizures that they don’t want cascading. You end with basically two brains and you can use the dividers so that one eye is going to one hemisphere, one is going to the other. You can show a person an image, let’s say you show them a terrible car wreck mangled bodies and they feel very sick. But the portion of the brain you’re showing that to is not the portion that delivers language. So, then you ask the person who is feeling sick, why you feel sick right now, what’s going on, they’ll say, I ate something bad at lunch. We will very quickly come up with the narrative or explanation for what we’re experiencing and we do so believing that narrative even if that narrative is way far away from what’s actually taking place. RITHOLTZ: So, let’s quickly run through some of our favorite cognitive biases and heuristics. MCRANEY: Boy, this is going to be tough, it’s going to be tough. I hope I remember this. Let’s go. RITHOLTZ: Well, let’s start with an easy one, confirmation bias. MCRANEY: Confirmation bias. When people write about confirmation bias, they usually get it pretty wrong. Here’s the way I look at it. RITHOLTZ: But it confirms what they were (inaudible). MCRANEY: It’s a great way to put it. RITHOLTZ: Right. MCRANEY: The least sexy term in psychology is the makes sense stopping rule. You think they come up with a better phrase and that means when I go looking for an explanation of something, when it finally — when it makes sense, I’ll stop looking for information. RITHOLTZ: Right. MCRANEY: Confirmation bias is what happens –here’s the way I prefer to frame it. Let’s say you’re in a tent in the woods. You hear weird sound and you think of that might be a bear, I should go look. So, what you have is a negative affect and your body have an anxiety. You go out looking for confirmation of that anxiety is just or reasonable because there’s a social aspect to it at all times because we can’t escape our social selves. And so, you go looking and you maybe don’t find it. Either maybe you don’t find evidence that points that direction. Eventually, you — you modify your behavior base of what you see with your flashlight. If you do that online though when an environment — there’s some information rich environment, you have some sort of anxiety and you’re looking for justification that that anxiety is reasonable, you’ll find it. RITHOLTZ: Very quickly, too. MCRANEY: You’ll find something, right, and that will confirm that you — that your search was good and justified and reasonable to other human beings. So, confirmation bias very simply is just something happens that doesn’t make sense, you want to disambiguate it. It’s uncertain. You want to reach some level of certainty. So, you look for information that base of your hunch, your hypothesis. And then when you find information that seems to — it’s like confirmed your hunch, you stop looking as if you like — RITHOLTZ: You solved the problem. MCRANEY: Yes, if you solved it. Yes. RITHOLTZ: Why don’t we, as a species, look for disconfirming information just to validate? MCRANEY: In most situation, it’s not adaptive. Like confirmation bias is actually the right move in most situations. Like if you’re looking for your keys, I got to — RITHOLTZ: You find your keys, you’re done. MCRANEY: Yes. You don’t go looking for your keys on Mars. You go looking for them in your kitchen, right? Like it’s the faster solution and most of our — most of these biases go back to the adaptive thing is the thing that caused the least calories and gets you to this solution as quickly as possible so you can go back to trying to find food and not getting eaten. And in this case, most of the time, most of the time, confirmation bias serves us well. It’s in those instances where it really doesn’t serve us well. They end up with things like climate change. MCRANEY: Or what have you. What about ego depletion? MCRANEY: Man, ego depletion is one of the things that, boy, it goes back and forth — the original scientists are still like hard core into it. I love it. Whether or not ego depletion is properly like defined or categorized, the phenomena does exist. The actual mechanisms of it aren’t well understood. But when you have been faced with a lot of cognitive tasks, you start to have a hard time completing more cognitive tasks in general. RITHOLTZ: As well as issues that require willpower and discipline. MCRANEY: That’s right. So, the more you — the more you use willpower, the less willpower you have to use. RITHOLTZ: It’s finite not — not an ending. MCRANEY: And this is — not all understood. A lot of you like here’s why this is happening like have — they failed to replicate. So, we have this phenomenon but we still don’t quite understand what is the mechanism underlying it, RITHOLTZ: Well, let me do one last one, the Benjamin Franklin effect. MCRANEY: Yes. That’s my favorite. Benjamin Franklin effect goes back to — a lot of my new book is in this domain of justification and rationalization. Benajami Franklin had someone who is opposing him at every track, call him a hater in the previous book back when that was — MCRANEY: A term. MCRANEY: Yes. And he just had this political opponent that he knew was going to cause him real problems for the next thing he was going out for and he also knew that this guy had a really nice book collection and everybody also knew that Benjamin Franklin had a nice book collection. And so, he sent them a letter that said there’s a book that I’ve always want to read that I can’t never find. I hear you got a copy of it. No. Who knows, it seems from reading the literature that Benjamin Franklin totally had this book and — but the guy gave him the book as a favor. He was like very honored that Benjamin Franklin asked for it. I like to think that Benjamin Franklin just like put it on a shelf and then waited — RITHOLTZ: Right. MCRANEY: Waited a month and then took it back to him. RITHOLTZ: Right. MCRANEY: But he said, thank you, I’m forever in your debt, you’re the best. And from that point forward, the guy never said another negative thing about Benjamin Franklin. So, what that comes to is I just observe my own behavior, I did something that produce cognitive dissonance, I have a negative attitude toward Benjamin Franklin but I did something that a person with a positive attitude would do. So, I must either think a strange thing about who I am or what I’m doing or I could just take the easy route out and go, I like Benjamin Franklin. And that’s — I think we call that the Benjamin Franklin effect. RITHOLTZ: I find that really just fascinating. There are two phrases that I made a note of in one of the books that I have to ask about, extinction burst and I have to ask what is wrong with catharsis. MCRANEY: What is wrong with catharsis? Extinction burst is a real thing that I love — I see that everywhere. I’ll say I see that all — in the society right now in many different ways. Extinction burst is when you have a behavior that has been enforced many, many times and you — it’s — your body even expects that you’re going to perform this behavior and you start doing something like say dieting or you’re trying to quit smoking or you’re trying to do — you’re trying to just extinguish the behavior. Right at the moment before it fully extinguishes, you will have a little hissy fit. You’ll have a, — as they say back home, you’ll have a toddler outburst sort of thing where your — all of your systems, cognitive systems are saying, why don’t we really, really try to do that thing again because we’re about to lose it. RITHOLTZ: Right. MCRANEY: And the — they call this an extinction burst, it’s that moment of like if you’re watching it on a slope and sloping down, down, down, down, there’s a huge spike and that could either be the moment you go back to smoking or — RITHOLTZ: Right. Relapse or the moment you finish. MCRANEY: It could be the death rattle. It depends on how you — how you deal with your extinction burst. RITHOLTZ: I thought that was fascinating. And then catharsis comes up. Why is the concept of that cathartic surrender or finish your things problematic? MCRANEY: Yes. It’s related to the extinction burst. RITHOLTZ: Yes. MCRANEY: There’s a — for a while, this is especially in like 1950s psychology, the idea that like just get it out. Like if you’re angry, go beat up a punching bag or — RITHOLTZ: Yell at people from the safety of your car. MCRANEY: Yes. It used to be a thing in like ’80s, scream therapy. RITHOLTZ: Yes. I recall. MCRANEY: The — unfortunately — RITHOLTZ: The primal scream therapy. MCRANEY: Yes. RITHOLTZ: Right. MCRANEY: Unfortunately or fortunately, the — RITHOLTZ: Any evidence that works? MCRANEY: The evidence suggests that what this does is reward you for the behavior and you maintain that level of anger and anxiety and frustration. RITHOLTZ: Because it’s self-rewarding. MCRANEY: Yes. And so, it’s — there are ways to have cathartic experiences but the ones we reward yourself for being angry tend to keep you angry. RITHOLTZ: That makes a lot of sense. And last question on “You Are Not So Smart” do we ever really know things or do we just have a feeling of knowing? MCRANEY: It’s unanswerable question thankfully. From — from — RITHOLTZ: You don’t know? MCRANEY: No. No. RITHOLTZ: Do you feel like you know the answer to that? MCRANEY: I feel like I know. There’s — here’s what’s important to know about this. Certainty is an emotion. This is something that gets me in trouble, I think, in like rationalist in circles. RITHOLTZ: It won’t get you in trouble here. MCRANEY: Well, thank you. Because like the ideas like facts not feelings or let’s not get emotional, let’s not make emotional appeals. There is no dividing emotion from cognition. Emotion is cognition and certainty is one of those things that lets you bridge the two because certainty is the emergent property of networks waiting something in one direction or another and you feel like if you want to do percentagewise, it’s — it’s — you can feel it if I ask you percentagewise. Like if I ask you, did you have eggs last week on Tuesday and you’re like, I think I did, and like — well, like, on a scale from like one to 10, like percentagewise — RITHOLTZ: On Saturday morning, I went to the diner, hundred percent I had eggs. MCRANEY: So, that feeling that you’re getting it, there’s something in generating that 100 percent certainly feeling right. So, the feeling of knowing is something that separate from knowing. But as far as objectively, it’s the exact same thing. We only get to see this objectively in some way especially in those like open up the Manila envelope, let’s see what you actually said kind of thing. RITHOLTZ: Right. MCRANEY: Yes. RITHOLTZ: So, this is a pet peeve of mine because here in finance, there is this, for lack of a better phrase, meme that the markets hate uncertainty and whenever people are talking about what’s going to happen in the future, well, it’s very uncertain to which I say, well, the future is always inherently uncertain. When things are going along fine and the markets going up, we feel okay with our uncertainty. So, we can lie to ourselves about it very, very easily. MCRANEY: Exactly. RITHOLTZ: But when everything is terrible, the markets are down, the feds raising rates, inflation, the market hates uncertainty, now, at the uncertainty level, you didn’t know the future before, you don’t know the future now — MCRANEY: Exactly. RITHOLTZ: — but you can no longer lie to yourself that you have a sense of what’s going on. This is, by the way, very outlier view because everybody loves the uncertainty. MCRANEY: Well, I’m happy to sit here — RITHOLTZ: I despise. MCRANEY: I’m happy to sit here and surrounded by all these people and take the position of you’re very wrong. RITHOLTZ: They are less smart. MCRANEY: There is no such thing as certainty. This is — from a scientific or psychological even philosophical domain, everything is probabilistic. RITHOLTZ: Right. MCRANEY: We can hedge our bets but the concept of certainty is way outside the domain of any of these topics. Yes. MCRANEY: And we’ll talk about Bertrand Russell later but it’s a quote from your book that always makes me think. Well, let’s talk about it now because it’s such an interesting observation, quote, “The observer when he seems to himself be observing a stone is really, if physics is to be believed, observing the effects of the stone upon himself.” MCRANEY: God, I love that quote so much. RITHOLTZ: Right. Isn’t that awesome? MCRANEY: I was — RITHOLTZ: That is right from this book, “How Minds Change” by David McRaney. MCRANEY: Man, I hear it’s a good book. The — I got that from interviewing the late Lee Ross who created the term naïve realism. RITHOLTZ: That’s another phrase I love. MCRANEY: And this — this is a way to kind of get in a naïve realism. Naïve realism is the assumption that you’re getting a sort of a video camera view of the world through your eyeballs. RITHOLTZ: Right. Right. MCRANEY: And that you’re storing your memories in some sort of a database like a hard drive and that when I ask your opinion on say immigration or gun control that whatever you tell me came from you went down to the bowls of your castle to your scrolls and hold up the scrolls by candlelight and read them all then one day came up from that and emerged from the staircase and raised your finger and said, this is what I think about gun control. And it might — what’s invisible in the process are what becomes invisible when we’re tasked with explaining ourselves is that all the rationalization and justification and all the interpretation that you’ve done and all the elaborations and all these psychological terms and that you — this concept of naïve realism is that you see reality for what it is and other people are mistaken when you get into moments of a conflict. And the thing that Bertrand Russell said is so nice because he is alluding to the fact that all reality is virtual reality that the subjective experiences is very limited, what the German psychologist called an umwelt (ph). RITHOLTZ: The thing related to naïve realism that was so surprising in the book and we keep alluding to evolution and various things, I did not realize that the optic nerve does not perceive the world in 3D. MCRANEY: No. RITHOLTZ: It’s only two dimensional. MCRANEY: That’s right. RITHOLTZ: And, okay, so have two eyes so we’re able to create an illusion of depth of a third dimension but the human eye does not see the world in full 3D. MCRANEY: Yes. I just — while visiting New York, I spent time with Pascal who’s in the book and he’s the one who were like ramming through all this. RITHOLTZ: That’s amazing, isn’t it? MCRANEY: It’s a– the retina, I mean, obviously, microscopic levels is three-dimensional. But for the purposes of vision, it’s a two-dimensional sheet. RITHOLTZ: Right. MCRANEY: And so, we create within consciousness the third dimension but it’s an illusion just like every color is an illusion. RITHOLTZ: It’s a very realistic illusion but it’s an illusion wise. MCRANEY: Right. And that’s why paintings can look nice because you play with the rules of illusions to create depth, right? RITHOLTZ: Depth, light, et cetera. MCRANEY: And even people who have gained vision late in life, understanding depth and three dimensionality is something that takes a lot of experience. You have to learn how to do it. And they oftentimes though — an experiment with people who just gained vision late in life, they’ll like put a telephone and run — like far away from them and they’ll try to reach out to it, it’s like 30 feet away, because you have to learn depth. That’s something that we learn over time. We did to children who don’t recall it. RITHOLTZ: So, you now remember, you don’t really think about it. So, let’s talk about “How Mines Change.” I want to start by asking how did a flat earther inspire this book? MCRANEY: They — I actually came a little later in the process. I was — there is a documentary on Netflix, you may have seen it, “Behind the Curve” and the producers of that were fans of my podcast and they grabbed a couple of my guests for the show and everything and I thought it would be — I would love to help promote something. I didn’t know this but someone told me I was in the credits and I looked in the credits, it was like David — thanks to David McRaney, I was like wow. So, I emailed them and said, hey, you want to come on my podcast? We’ll talk about your documentary because if I’ve gotten a chance to make on Netflix show, it would have been very similar because that’s — it seemed like it’s about flat earth but it’s actually about motivated reasoning and identity and community and things like that. RITHOLTZ: And community. Community is the big one. MCRANEY: It’s a huge part of that, right? RITHOLTZ: Yes. MCRANEY: Group identity. And they — that — after that episode, they — a group in Sweden, they put on something like South by Southwest called the Gather Festival. They asked, hey, we got this crazy idea, what if you go to Sweden and will get Mark Sargent who is sort of the spokesperson for the flat earth community and will put you on stage and I know you’re writing a book, “How Minds Change” you can try some of those techniques on them, and I was like that sounds awesome. So, I did, I went, and I met Mark and I found him something very nice, very lovely man and I did try some — at the point where I met him, I was about halfway through and I wasn’t great with the techniques. But I did an okay job. RITHOLTZ: That’s towards the end of the book where you actually described he said it was one of the best conversations he ever had. MCRANEY: That’s right. RITHOLTZ: You don’t call him an idiot. You don’t challenge his views. You’re really asking how did you come to these sorts of perspectives — MCRANEY: That’s right. RITHOLTZ: — to get him to focus on his own process. MCRANEY: That’s the whole idea. The techniques I learned about in the book — when writing this book, I met many different organizations, deep canvassers, street epistemology, people who work in motivational interviewing and therapeutic practices, professional negotiation and conflict resolution working in those spaces and what really astounded me was when I would bring the stuff that I was witnessing to scientists or experts, they — there is this underlying literature that made sense but none of these groups had ever heard of this literature for the most part and they definitely hadn’t heard of each other. But they did a lot of AB testing, thousands of conversations, throwing away what didn’t work, keeping what did, and they would arrive at this is how you ought to do this. And they were also — RITHOLTZ: Very similar, all these different groups. MCRANEY: Yes. And if it was in steps, the step would be on the same order. And I sort of think it like if you wanted to build an airplane, the first airplane ever built no matter where it was built or who did it, it’s going to look kind of like an airplane. RITHOLTZ: It’s going to have wings......»»

Category: blogSource: TheBigPicture40 min. ago

Firearm Background-Checks Now Report Home Addresses Of Gun Owners

Firearm Background-Checks Now Report Home Addresses Of Gun Owners Submitted by Gun Owners of America, Gun Owners of America has obtained an email from the FBI regarding changes to the NICS background check system to implement gun control.  On Monday, September 26, 2022, federal firearms licensees (FFL) will experience… new features of the FBI's NICS transaction process. One… change is tied to the passage of the NICS Denial Notification Act of 2022.  Collection of Buyer's Address— The NICS Denial Notification Act of 2022 requires the FBI's NICS Section to notify state, local, or tribal law enforcement of all FBI NICS denied transactions within 24 hours. The FBI must provide notification to law enforcement based upon the location of the FFL and if different, the purchaser's address. To support the determination of what local agency should receive the notification, FFLs will be required to provide the buyer's complete address to NICS as recorded on the Bureau of Alcohol, Tobacco, Firearms and Explosives Form 4473 when transactions are denied or delayed. The address information will be required before the status can be provided or retrieved either by the NICS contracted call center or via the NICS E-Check.   That matches up closely with the NICS Denial notification act, which read:  "If the national instant criminal background check system…provides notice… that" a transferee is prohibited person then the DOJ shall "report to the local law enforcement [and] the State or Tribe of residence of the person—… within 24 hours"   This change would require that an investigation be launched into every background check denial, even though nine times out of 10, the NICS system has falsely denied law-abiding citizens from exercising their rights.   This is a significant change to the system, as, before the passage of the NICS denial notification act, dealers were only required to provide the state of residence of a customer. Now they will have to provide the transferee's full address after the NICS system processes the background check in the event of a delay or denial. Delays in background checks are extremely common. Sometimes it's as simple as having a common name or having a security clearance with the federal government. Check out GOA's Coverage of this new gun control in the video above. GOA fought against the NICS Denial Notification Act in March, but since 2019, we've been fighting against all gun control in the Violence Against Women Act, also known as VAWA.   The NICS Denial Notification Act was among the gun control to pass this last congress. That's because certain Republicans backstabbed gun owners, and for all the horrible gun control removed from the bill, some gun control remained:  Sections 1101-1102: the NICS Denial Notification Act to launch criminal investigations into firearm background check denials—even though 9 out of 10 times the system falsely denies a law-abiding citizen.  Section 1103: funding for ATF to deputize local police to enforce federal gun laws, especially to undermine Second Amendment Protection Act (SAPA) states.  Eighteen Republican senators voted with anti-gun Democrats in favor of the final passage of gun control.  These Senators believe they were given political "cover" as other ostensibly "pro-gun" groups backed the compromise by refusing to oppose the language publicly.  *  *  * We intend to fight gun control in that as well, but we need your help.   Congress may be immoral, but they're also lazy.   You need to tell them they won't get an easy vote or break if they stuff gun control in a government funding bill.  Our team in Washington, DC, couldn't do the work we do or have the success without your grassroots activism.   We'll hold the line for you in Washington. We are No Compromise. Join the Fight Now. Tyler Durden Sat, 10/01/2022 - 22:30.....»»

Category: blogSource: zerohedgeOct 2nd, 2022

Amazon is offering big discounts on TV shows ahead of its Prime Early Access Sale, including 60% off the final season of "Better Call Saul"

Prime members can get exclusive deals on Prime Video through October 7. Several popular shows are on sale, including "Better Call Saul" and "Friends." When you buy through our links, Insider may earn an affiliate commission. Learn more.You can get the final season of "Better Call Saul" for 60% off on Prime Video for a limited time.Greg Lewis/AMC/Sony Pictures Television Amazon is offering big deals on select Prime Video TV shows ahead of its Prime Early Access Sale. The discounts are exclusive to Prime members and will last through October 7. Shows like "Better Call Saul," "Westworld," and "What We Do in the Shadows" are included in the sale. In preparation for its Prime Early Access Sale on October 11, Amazon is offering some major savings on select TV shows via Prime Video, including "Better Call Saul," "Westworld," and more. The sale lasts through October 7 and it's exclusive to Amazon Prime members. Purchasing a series digitally through Prime Video gives you the freedom to watch it as many times as you want, without a recurring subscription fee. With how frequently titles move between different streaming platforms, buying a digital copy is a great way to ensure access to your favorite show at any time. Keep scrolling to find 10 of the best Prime Video deals available right now ahead of Amazon's Prime Early Access Sale. And be sure to check out the full selection of discounted shows on the Prime Video site.'Better Call Saul'Bob Odenkirk as Jimmy McGill/Saul Goodman on the season six premiere of "Better Call Saul."Greg Lewis/AMC/Sony Pictures TelevisionDown to only $10 (from $25), this is the best price yet for the sixth and final season of "Better Call Saul." It's the long-awaited conclusion to the harrowing "Breaking Bad" spin-off, and it's currently difficult to find all 13 episodes in one place for viewing unless you buy them digitally. The five earlier seasons of the show are also deeply discounted, making now a great time to snag them all. 'Westworld'Evan Rachel Wood play Dolores Abernathy on "Westworld."HBOSeason four of this dystopian sci-fi drama is down to only $13 (from $24). The critically acclaimed and Emmy-winning series is a must see for fans of the genre. The earlier seasons aren't included in the sale, so you'll have to either buy them at full price or catch them on HBO Max.'The Bachelorette'Rachel Recchia and Gabby Windey on "The Bachelorette" season 19.Craig Sjodin/ABC via Getty ImagesIf you're looking for a little (or a lot of) romance, there's nothing quite like "The Bachelorette." The latest season is on sale for only $10 (originally $20). Season 19 follows "Bachelor" season 26 fan-favorites Rachel Recchia and Gabby Windey as they try to find love, side by side. 'Friends'"Friends" ran for 10 seasons from 1994 to 2004.Danny Feld/NBCU Photo BankIf you don't already have a physical copy of "Friends" yet, or if you just want the convenience of a digital one, now is a good time to buy. All 10 seasons are on sale for $10 each — a solid 50% off the regular price of this nostalgic sitcom. It's time for a rewatch!'Breaking Bad'Bryan Cranston in "Breaking Bad."AMC/Breaking Bad screencap"Breaking Bad" follows one high school chemistry teacher's turn for the worse, as he decides to pursue a new career path: manufacturing illegal drugs. Suspenseful and full of drama, this critically acclaimed series is beloved by fans, and even earned a spin-off: "Better Call Saul." All six seasons are on sale right now, with the latest one down to only $10.'What We Do in the Shadows'Kayvan Novak, Natasia Demetriou, and Matt Berry on season two of "What We Do in the Shadows."Russ Martin/FXA hilarious TV show birthed from an equally hilarious movie, "What We Do in the Shadows" dares to ask: What would happen if four immortal vampires shared a house together in Staten Island? The four-season series has been a hit with critics and audiences. The first three seasons are on sale right now, but the latest one is only available for full price. 'Modern Family'"Modern Family" ran for 11 seasons.Eric McCandless/ Getty ImagesFilmed mockumentary style, this sitcom follows three very different families that all happen to be related to each other. Hilarious and heartwarming, this popular series has 14 seasons to catch up on — and all of them are on sale right now.'Yellowjackets'"Yellowjackets" is getting a lot of buzz on Showtime.ShowtimeWhen a team of high school girl soccer players survive a plane crash in the wilderness, they must contend with their new environment and each other. Fast forward to 25 years later, and they discover that what started in those woods so long ago is far from over. The first few episodes are free to watch with Prime Video, but the rest require a subscription. Luckily, the whole first season is on sale for only $11 right now. 'Ru Paul's Drag Race'RuPaul in season 14 of "RuPaul's Drag Race."VH1This Emmy-winning reality show follows 14 talented queens on their journey to win $100,000 and the title of "America's Next Drag Superstar." Not all of the show's seasons are on sale right now, but the latest one is down to only $12 (from $25).'Killing Eve'Sandra Oh and Fiona Shaw on the season four premiere of "Killing Eve."Anika Molnar/BBCAA suspenseful drama starring Sandra Oh and Jodie Comer, "Killing Eve" follows two women, an MI5 agent and an unhinged killer as they go head to head. The first three seasons of the series are on sale right now, though the fourth is only available at full price.Read the original article on Business Insider.....»»

Category: topSource: businessinsiderOct 1st, 2022

Opioids At Work: Hidden Scourge Sapping The Economy

Opioids At Work: Hidden Scourge Sapping The Economy Authored by James Varney via RealClear Wire, Strung out on drugs half her life, Brandi Edwards, 29, said the longest she held a job before getting sober four years ago was “about two and a half months.” “I worked at an AT&T call center, a day-care center for a month, fast food places, but I had to take drugs to get out of bed in the morning and when I did show up, I wasn’t productive,” the West Virginia mother of three told RealClearInvestigations. “The first paycheck came along and I was out of there.” Fentanyl. Image 4 of 17. United States Drug Enforcement Administration In jail for the ninth time on drug-related charges, and separated from her children, Edwards had an awakening in “looking hard at what I’d lost.” Now clean for four years after rehab, she is married and back in her children’s lives with a home in Princeton, W. Va., and a steady job. But such success stories are too infrequent to offset the massive cost of the opioid epidemic to the American workforce. Only a couple of people in her former addict circle have returned to productive life, she says, while most are dead or incarcerated. That toll on labor, haunting America’s working present and future probably for years -- if not decades -- to come, is largely invisible and underreported because it is difficult to measure, according to physicians, counselors, economists, workers and public officials. But its staying power is suggested by other lasting national challenges, including the porous southern border -- a major conduit for smuggled, Chinese-made fentanyl -- and economic and social traumas set in motion by the coronavirus pandemic. In addition to untold years of productivity lost from fatal overdoses, the nation’s labor participation rate has shrunk steadily since 2000. Precise correlation is elusive, but any graph of that decline would stand in sharp contrast to the rise of opioid addiction in the U.S. And while it is difficult to calculate just how much drug use has caused absenteeism, tardiness and stretches of disability, the connection is strong, as Brandi Edwards’ experience suggests. “We’ve been writing about this for years but it doesn’t seem to get a lot of traction,” said Dr. Gary Franklin, a research professor at the University of Washington who served as the medical director of the state’s Department of Labor and Industries. “People have not realized how much opioids contribute to disability and lost productivity, and I don’t know if anyone has been able to put a number on that.”  Headline figures on lives lost in the opioid epidemic have been fairly clear for years. In 2021, more than 107,000 people died from drug overdoses, a nearly 15% increase from the year before and more than double the grim tally recorded in 2015, according to the Centers for Disease Control. All told, overdose deaths are seven times higher than they were in 1999. Synthetic opioids such as fentanyl, which law enforcement has tracked from labs in China along trafficking routes through Mexico on the southern border, are now driving the overdose epidemic. The CDC attributed 69,000 overdose deaths to synthetic opioids in 2020, 82% of the nation's total that year. Heroin overdoses, meanwhile, went up 7% in 2020 to 13,000, according to CDC figures. That means synthetic opioids and heroin dwarf cocaine and methamphetamines, although totals for both of those have been rising for a decade and often cause overdose deaths in combination with opioids. The National Institutes of Health shows fewer than 5,000 people killed by cocaine alone and fewer than 10,000 by what it dubs "psychostimulants," which includes methamphetamines, in 2020.  Less precisely, economists since at least 2017 have pegged at over $1 trillion the epidemic’s annual dollar cost in terms of deaths, law enforcement and “lost productivity.”  But the amount attributable to deaths - $550 billion of the $1 trillion - is largely conjecture because it is derived from actuarial estimates for lost years; for example, the decades cut from what would have been a normal working life for someone who fatally overdoses at age 45. Then there is the less lethal side of the equation -- one that workers and employers grapple with daily. Roughly 8% of workplace fatalities in 2020 - 388 of 4,786 - were attributed to "unintentional overdose from nonmedical use of drugs," according to the Bureau of Labor Statistics. However, the agency said it is unclear "how many of these deaths involved opioids specifically."  A post on a neighborhood social media platform asking about opioids’ dire impact in the workforce unleashes a barrage of firsthand horror stories. Homeowners speak of an inability to hire handymen, painters, landscape workers and the like. “If I’m lucky enough to have an employee that can pass a [urine analysis] the chances of them doing so after the first check is slim,” wrote a tree surgeon in suburban New Orleans. “Tree men get a terrible rap. People think we are all crazy, wild, no fear having, hard working dopeheads.” But he acknowledged some truth to the stories of workplace abuse of prescription opioids, mentioning laborers’ common habit of relying on increasingly higher-milligram dosages of pain pills like Percocet. Workers “didn’t wake up one day and say, ‘Hmmm, great day to go down a road that will cost me it all,’ " he wrote. "Then it’s inevitable. We get hurt. Usually pretty badly. So we start out getting a few .5 [mg] maybe 7.5. Later, as our careers go so does the pain, so do the amounts needed to consume to keep it at bay.” A National Safety Council study reported that more than 75% of U.S. employers have been affected by employees’ prescription drug use, according to congressional testimony, and the National Institutes of Health estimates some 3 million Americans, including workers, are addicted to opioids.  Edwards managed to break her addiction and return to the workforce with the help of Jobs & Hope, a statewide West Virginia placement initiative launched in 2019 that claims more than 1,500 success stories. But with a budget of $3.1 million it cannot handle all of the 200-250 addicts referred to it each month, said Deb Harris, the group’s lead transition agent.  Businesses have been largely receptive to such programs, but the state is still trying to regain its footing from the “flood of pills” that hit it early in the 21st century, according to Dr. Matthew Christiansen, director of West Virginia’s Office of Drug Control in the Department of Health and Human Services. “We don’t keep a running tally at the state level, but the numbers have probably stayed pretty consistent or maybe gotten a little bit worse because of an increase in overdose deaths due to fentanyl,” Christiansen said. The Centers for Disease Control does keep a tally, although it hasn’t publicly updated the grim numbers on its “opioid dashboard” since 2017. The figures from that year show that the biggest economic hit has come in the Appalachian states around the Ohio Valley and in New England, two regions where opioids and synthetics have torn a hole through the workforce. For example, West Virginia, long considered ground zero in the opioid epidemic, had the biggest annual per capita loss due to opioids at $7,247, according to the CDC figures that include overdose deaths. That tops Ohio, where the per capita cost in 2017 was $6,226, and New Hampshire at $5,953. Ohio saw the highest overall economic cost, at $72.58 billion, followed by Massachusetts at $36.91 billion, according to the CDC.  Fixing opioid disorder costs is complicated by the fact much of it is now driven by black-market synthetic drugs like fentanyl and thus can no longer be tracked through prescriptions. Nor is substance abuse a topic that workers - or many employers - are comfortable quantifying. All those involved in coping with the epidemic, however, peg the cost as staggering. “It’s difficult to measure these things but it’s likely a substantial part of the labor decline,” said Michael Betz, an economist at The Ohio State University who researches opioid disorder issues. “You’re piecing together different pieces of evidence, but when you look at the decline in labor participation rates and opioid disorder figures, they match up pretty similarly.” Franklin’s team did calculate the odds opioids influenced the disability bills Washington state taxpayers foot each year for roughly 100,000 workers, a relatively uncomplicated tally since Washington is one of four states with a centralized government system and not a private workers’ compensation insurance market. “We found that two prescriptions of opioids for more than 7 days in the first six weeks after an injury doubled the risk of a worker being on disability one year later,” he said. Answers to broader questions on opioids’ baleful economic impact, however, are scarce. “Productivity losses due to anything is an extremely complex analysis and is not routinely tracked,” Franklin said. To date, the nation's prime age labor workforce has not recovered to where it was at the beginning of 2020 and is now the lowest it has been in 45 years. The hit has been especially pronounced among older adults, according to the Government Accountability Office. Between 2015 and 2019, adults 50 years old or older "were an estimated 22 percent less likely to be in the labor force (either employed or actively seeking work),” a GAO report found. In addition, people in that age group "were an estimated 40 percent less likely to be employed; and employed older workers who misused opioids were twice as likely to have experienced periods of unemployment."  Once again, however, pinpointing the precise connection between opioids and lost productivity remained elusive, as "the data did not allow GAO to determine causality." Middle-aged white men have long comprised the single biggest group of annual overdose deaths, but between 2015 and 2020 the rate among black men skyrocketed to 54.1 per 100,000, topping white men’s 44.2 per 100,000, according to the Pew Research Center.  “Local economic conditions play some part in all this but they aren’t the key role; the main driver is the increase in supply,” Betz said. That leads some experts on the topic to conclude that opioids’ catastrophic hit to the United States’ workforce has been misconstrued. For a time, as deaths rose early on, particularly among middle-aged white men, and labor participation rates began their decline, the phrase “deaths of despair” took hold among some researchers. Under this theory, the opioid epidemic fed on declining economic prospects, particularly for middle-aged white men facing unemployment or shrinking incomes. But the “deaths of despair” theory reverses cause and effect, according to some physicians and people dealing with the fallout from opioids, including their more deadly synthetic cousin fentanyl. “We’ve debunked that,” said Dr. Andrew Kolodny, a faculty member at Brandeis University whose practice has specialized in opioid addiction. “Rather than economic conditions leading to overdose deaths it’s really the other way around - it’s not the economy driving them to death, it’s the opioid crisis affecting the economy.” Tyler Durden Fri, 09/30/2022 - 19:00.....»»

Category: blogSource: zerohedgeSep 30th, 2022

59 gifts for college students that will help them manage dorm life, midterms, and adulting

The best gifts for college students are practical and fun. Here are 59 gift ideas from a recent college graduate. When you buy through our links, Insider may earn an affiliate commission. Learn more.Amazon; Urban OutfittersWhen students enter university and are first introduced to the world of adulting, the more practical and helpful the gift is, the better. A reliable face cleanser that manages stress breakouts? Check. Professional accessories to defeat imposter syndrome at their new internship? Check. Dorm decor that makes their place feel like a real home? Check, check, check.Between studying and working and more studying and more working, college students can use a break – or a helpful gift to keep them motivated. Keep scrolling to browse gifts beyond the essentials, from cool neon signs to a unisex skincare routine.The 59 best gifts for college students in 2022:A trendy Trader Joe's-inspired cookbookUrban Outfitters"The I Love Trader Joe's College Cookbook" by Andrea Lynn, available at Urban Outfitters and Amazon, from $15.29If there's one place you hear all these Gen Z'ers talking about, it's Trader Joe's. This quirky cookbook contains 160 easy recipes for busy (and usually broke) college students, drawing from some of the brand's favorite ingredients to create mouth-watering hors d'oeuvres, party-worthy appetizers, and nourishing meals.Does your student prefer to cook with the air fryer? Check out this equally nifty "I Love Trader Joe's Air Fryer Cookbook"! A helpful air purifierBed Bath & BeyondHoMedics TotalClean 4-in-1 Air Purifier, available at Bed Bath & Beyond, Amazon, and Home Depot, $69.99For college students living in a traditional dorm room, a breath of fresh air is more than welcome. This HoMedics TotalClean 4-in-1 air purifier creates cleaner air no matter how small the space is, clearing pollen, dust, smoke, pet dander, mold spores, and germs for easy breathing. Bonus points: It has an auto shut-off timer, a built-in night light, and a three-year manufacturer's warranty for optimal satisfaction.A bottle or two of famous toilet spraysPourriPoo-Pourri Toilet Sprays, available at Pourri and Amazon, $9.99Whether they're in a community bathroom or a private one, odds are they'll be sharing it with a roommate. These Poo-Pourri toilet sprays use essential oils and plant-based ingredients to eliminate bathroom odor before it begins. Just pick their fave scent, spray, and go — no stink necessary!Neon light signs for ultimate dorm vibesDormify"Good Vibes Only" Neon Sign, available at Dormify, $79Nothing screams college vibes more than a quirky neon light or color-changing LED-rimmed walls. Dormify's options are perfect for achieving this, and the brand has everything from wholesome neon signs to goofy ones. A manifestation of good vibes is probably helpful for the average student, but there are plenty of other options like GRLPWR, Happy, and Party.Coffee table books that add a touch of personalityAmazon"In Vogue: An Illustrated History of the World's Most Famous Fashion Magazine" by Alberto Oliva dna Norberto Angeletti, Available at Amazon and Walmart, $50.99"Color Scheme: An Irreverent History of Art and Pop Culture in Color Palettes" by Edith Young, available at Amazon and Walmart, $19.29For all the books college students have to read for class, it's nice to have some decor books laying around that are beautiful to look at and fun to flip through. Depending on their interests and aspirations, "In Vogue: An Illustrated History of the World's Most Famous Fashion Magazine" is perfect for a fashionista. For an artsy student, "Color Scheme: An Irreverent History of Art and Pop Culture in Color Palettes" is a great choice. A statement scrunchie that'll make any outfit look goodAmazonKitsch Dinner Scrunchie, available at Amazon and Target, from $13.53There are few accessories that can pull together an outfit and make it look chic, even if that outfit is sweatpants. The massive dinner scrunchies by Kitsch are the perfect accessory to add to a quick outfit and make it look put together. Gifting this to someone means they will always have the option to add an easy, fashionable touch to their look.A trio of unisex products that makes skincare clean and simpleAtticusBest Seller Trio, available at Atticus, $83.70Stress affects how our skin looks, especially in college. Skincare, however, can get overwhelming because of how many options are available. Atticus's high-quality skincare line makes it simple for everyone and is made to be gender inclusive. Its trios, like the Best Seller, include all the products you need: a cleanser, daily moisturizer with SPF, and night cream with anti-aging ingredients. A modern card game for nights in and partiesAmazonWhat Do You Meme Game, available at Amazon and Walmart, $29.99College students today are of the meme generation, so this game will be highly appreciated. This set includes 75 of the funniest memes plus 360 caption cards to make the wonkiest combinations for a game during study breaks or chill wine nights.One of the easiest ways to find your favorite fragranceScentbirdPerfume subscription (6-months), available at Scentbird, $89Finding a fragrance that speaks to you is a step towards finding your style. But buying a bunch of different scents can take a long time and cost a lot. Scentbird is a perfume and cologne discovery subscription that helps you find your favorite perfumes by sending monthly options based on your preferences.A sunrise alarm clock for a gentle, phone-free wakeupSuzy Hernandez/InsiderHatch Restore, available at Amazon and Target, $129.99Using your phone as an alarm clock makes it a lot more tempting to start scrolling on your phone first thing in the morning, which isn't the healthiest habit. A sunrise alarm clock can help your student have a much better start to their day than immediately checking emails or scrolling on Instagram. The Hatch Restore is a great sunrise alarm option with a ton of special features.One of the nicest and most classic notebooksMoleskineMoleskine Classic Notebook, available at Amazon and Walmart, from $18.63Moleskine journals have a history of belonging to creatives and being the place where great ideas and art begin. If the student you're thinking of is a writer or artist, a Moleskine journal is a perfect gift to let them know you support them. These are also stellar for note-taking.An air fryer for the snack loverAmazonThe Philips Premium TurboStar Air Fryer, available at Amazon and Walmart, from $149.95Air fryers are all the buzz for how they can turn just about anything into a warm, crispy delight. Plus, they save a ton of time, which every college student can appreciate. The Philips Premium TurboStar Air Fryer is one of the best air fryers on the market today.There's some controversy about how good air fryers actually are, so you can also think about gifting a toaster oven.A good wallet to hold their cards, cash, and student IDVera BradleyVera Bradley Microfiber Zip ID Wallet, available at Vera Bradley and Amazon, from $20Vera Bradley's Zip ID Wallet is a great option for students who have to frequently show or swipe their student ID, but don't need an overstuffed bifold. The O-ring is a convenient and sturdy place to hold all their keys. It also makes it easy to clip the wallet into their other bags.A steady supply of healthier (and still tasty) snacksThrive Market1-Year Membership + $25 Shopping Credit, available at Thrive Market, $84.95College students live off good food and snacks. Gifting a subscription to Thrive Market means access to healthier snacks, which leads to them feeling more energized and better studying.A long-lasting backpack that'll look good on campus and at job interviewsHerschelHerschel Little America Backpack, available at Herschel and Amazon, from $94.99Typical backpacks work great for class, but what about everything that happens outside of class? Having a sturdy backpack that's well-suited for traveling and job interviews helps a ton. Herschel's Little America is a great option because it's versatile, sturdy, and stylish. Similarly, the Dagne Dover backpack ($215) is specifically designed for a woman's body and is made to store everything you need and go anywhere you go. If the student is a tote person and doesn't touch backpacks, the Longchamp Le Pliage Shoulder Bag ($155) is a staple for students and young workers alike.An aroma diffuser to set the moodGrove CollaborativeCollaborative Ultrasonic Aromatherapy Diffuser, available at Grove, $39.99An aroma diffuser delivers calming, in-home aromatherapy and is a great fragrance option for dorms where candles usually aren't allowed. This one from Grove Collaborative diffuses essential oils for up to five hours at a time, has LED light options, and elegantly blends into any room thanks to its minimalistic ceramic design.If you're looking for more diffusing options, check out our guide to the best essential oil diffusers we tested. A weighted blanket that'll change the way you sleepTranquilityTranquility Weighted Blanket, available at Target and Walmart, from $49Every college student ever has needed better sleep. Weighted blankets apply a calming pressure on you, making it easier to fall asleep and wake up more rested. Tranquility's weighted blanket is perfectly-sized it is to move from bed to couch, fits a standard dorm twin XL bed, and is easily washable.A foolproof planner to keep everything in orderDay DesignerWeekly Planner, available at Day Designer, $68A planner keeps them organized between all their assignments, exams, and social events. Day Designer makes luxurious planners that students love. Planners come in daily or weekly options which each have space for all your checklists and schedules, plus extra pages for goal setting, future planning, and notes.If this style doesn't suit them, pick another from our favorite planners for college students.The most comfortable socks college students can ownBombasWomen's and Men's Ankle Sock 4-Pack, available at Bombas, $49.40Bombas makes the best socks on the market. They benefit from upgrades like a supportive honeycomb stitch, blister tabs built into ankle-height styles, and a Y-stitched heel and "invisitoe" that minimizes annoying bumps. Even if it seems like socks aren't an exciting gift, comfort is pretty much always a hit in college. Plus, for every pair purchased, Bombas donates a specially designed sock to someone in need.A cult-favorite tumbler to keep their drinks just the right temperature for hoursHydro FlaskHydro Flask 40 oz. Wide Mouth Water Bottle, available at Hydro Flask, REI, and Amazon, from $49.95This HydroFlask will keep cold drinks cold for up to 24 hours and hot drinks hot for up to 12 hours with the lid on, perfect for when they need coffee during a long night studying.Great coffee from all over the world to help them stay energizedAtlas Coffee Club3-Month Coffee Subscription, available at Atlas Coffee Club, $60If they drink coffee, they'll likely drink a fair amount of it during college. And it's really nice to have a cup better than one from the dining hall. Atlas Coffee is a monthly subscription that's sort of like a worldwide coffee tour — bringing the best single-origin coffee (with a postcard from its origin country) to your door. They'll also get brewing tips and flavor notes. A book that helps them build good habits and break bad onesAmazon"Atomic Habits: An Easy & Proven Way to Build Good Habits & Break Bad Ones" by James Clear, available at Amazon and Barnes & Noble, from $11.98Many college students are trying to map out what they want out of life and how to build the habits that get them where they want to go. In the popular book "Atomic Habits," James Clear, an expert on habit formation, teaches practical strategies for building lasting habits and ditching detrimental ones. Popular wireless over-ear headphones for quality noise-cancelingAmazonBeats Solo3 Wireless Noise Cancelling On-Ear Headphones, available at Amazon, Walmart, and Apple, from $116.09If there's one thing every college student needs, it's good wireless headphones. This Beats pair has rich sound and up to 40 hours of listening time. And if they let the battery run out, a five-minute charge converts to three hours of playback.If they're a runner and need something lightweight and in-ear, you should opt for Jaybird Vista.An inexpensive way to get the iced coffee they love at homeAmazonTakeya Patented Deluxe Cold Brew Coffee Maker, available at Amazon and Walmart, from $30.39If the student you're thinking of drinks coffee — and there's a very good chance they do — having access to one of the best cold brew contraptions will be a gift that keeps on giving. A cold brew machine means you can go 4-5 days in a row without brewing another pot. It's also easy to clean. Find a full review here.A waterproof speaker that can bring the bassJBLJBL Flip 5 Bluetooth Speaker, available at JBL, Amazon, and Walmart, from $89A Bluetooth speaker is a must-have: it helps set the mood for study nights and brings the party to life whenever they're hosting. JBL's Flip 5 speaker is the best choice. It has vibrantly booming bass, lasts for up to 12 hours without a charge, and is waterproof.Clothes and shoes for their upcoming interviews and presentationsEverlaneThe Oversized Blazer, available at Everlane, $228Workday Khakis, available at Dockers, $66Wool Coat, available at Other Stories, from $219College is full of big meetings, presentations, and nerve-wracking interviews. For days when sweatpants aren't an option and something more formal is needed, these are some great options for women's staples. We've also created a list of our personal favorite workwear stores for women and men — plus the best styles to buy from each one. A nice watch they can wear to internshipsMVMTMVMT Men's Chrono Watch, available at MVMT and Amazon, from $135MVMT Women's Avenue Watch, available at MVMT and Amazon, $128MVMT makes beautiful watches for men and women at great prices, and they feel more contemporary to wear than most on the market. It's a versatile, sentimental gift you can feel good about giving because you know they'll feel good — and perhaps more put-together — wearing it. One of the best tablets for note-taking, entertainment, and everything elseAmazonApple 10.2-inch iPad (32 GB), available at Amazon, Apple, and Walmart, from $299.95 If you go on a college campus today, you'll probably see iPads all over the place — and for good reason. These slim rectangular boxes are bundles of joy for students. They make note-taking, e-reading, Netflix, and leisure drawing easy to do all in one place. The new 256GB iPad ($479) will make an unforgettable gift. If you want to take it up a notch, the highly-coveted and ultrafast 11" iPad Pro ($799) is even better.If they already have an iPad, you can think about getting them an Apple Pencil ($129), which will level up their gadget even more.A key-, wallet-, and iPhone-finderAmazonTile Mate, available at Amazon, Target, and Walmart, $24.99You can't go wrong with a tracker for their keys, wallet, or phone. The Tile Mate is compact, thoughtful, and useful for everyone — especially an oft-frazzled college student.  A bed frame that can easily move with themLauren Savoie/InsiderThuma Bed Frame (Full), available at Thuma, from $995A good bed frame is the foundation of good sleep and this one by Thuma features interlocking Japanese joinery that makes it incredibly sturdy but easy to disassemble, move, and store. It's a great option for young adults on the move, especially if they're moving into older or smaller buildings. A smartphone-sized travel photo printerStaplesFujifilm Instax Mini Link Bluetooth Photo Printer, available at Amazon, B&H Photo, and Apple, from $89.95Mini portable Bluetooth printers make turning iPhone photos into tangible memories quick and easy — which is especially convenient for decorating their room. All they'll have to do is download the app (which also has internal PhotoShop elements and features like themed stickers and collages) and connect via Bluetooth. Their favorite comfort foodsGoldbellyFood gifts, available at Goldbelly, prices varyGoldbelly makes it possible to satisfy their most specific and nostalgic cravings no matter where they live in the US — a cheesecake from Junior's, deep dish pizza from Lou Malnati, and more. Browse the iconic gifts section for inspiration.A media streamer that transforms a normal TV into a smart oneAmazonRoku Ultra 4K/HDR/HD Streaming Player, available at Amazon, Roku, and Walmart, from $86.89Most college students aren't forking over a monthly payment to cable. This streaming player is, overall, the best one you can buy, and it transforms an otherwise ordinary TV into one that can stream shows and movies from Netflix, Hulu, HBO Now, Prime Video, and others all in one spot.  One of the best facial cleansers for a clean and effective routineFOREOFOREO Luna 3 Facial Cleansing Device, available at FOREO, Amazon, and Sephora, $219FOREO's cult-favorite Luna 2 cleansing device gently and effectively cleans with thin, antimicrobial silicone touch points, and it removes 98.5% of dirt and makeup residue without irritating the skin. Plus, it's 100% waterproof and the battery life lasts for a few months per charge. Find a full review from a female reporter and a male reporter here.Trendy and convenient Apple AirPodsAppleApple AirPods Pro (2nd Gen) with Charging Case, available at Target, Amazon, and Apple, from $239.99If you're after the title of their favorite relative of the year, here's a good place to start. AirPods are both easy to use and functional as well as trendy. A comfy Patagonia pullover they'll rely onPatagoniaMen's and Women's Lightweight Synchilla Snap-T Pullover, available at Patagonia, $129Men's and Women's Better Sweater 1/4-Zip Fleece, available at REI, $129It's a good bet that many of their peers will also have this Snap-T pullover from Patagonia. This and the Better Sweater are long-held favorites, and both are comfortable classics that they'll no doubt come to rely upon. A Patagonia sweater is also a particularly good gift for students who are invested in sustainability. The company has been turning plastic bottles into polyester for its clothing since 1993, and continues to do so today.The world's comfiest shoesAllbirds/InstagramMen's and Women's Wool Runners, available at Allbirds, $110Startup Allbirds makes wildly popular shoes out of soft, sustainable materials. Their Runners, made of super-soft merino wool, have been nicknamed "the world's most comfortable shoes." You can find a full review here. A portable projector that's the size of a soda canAmazonAnker Nebula Capsule Smart Mini Projector, available at Amazon and Walmart, $299.99Anker's Nebula Capsule is a powerful and versatile mini projector, and its portability makes it a great option for college students who want a cozy movie-viewing experience in the comfort of their own room. It's 1 pound and the size of a soda can, but it has surprisingly crisp image quality and 360-degree sound. Find a full review here.College merchandise for school spiritAmerican EagleShop American Eagle's Tailgate ApparelParticularly if they're going to a school with a big sports team, you can be sure they'll both need and appreciate all the fan gear. A great game for a night in with friendsAmazonCards Against Humanity, available at Amazon, Target, and Walmart, $29Grab a fun card game they'll inevitably end up pulling out to play with friends on the weekend nights and snow days. Check out What Do You Meme, too.A Brooklinen gift card for really nice sheetsBrooklinenGift Card, available at Brooklinen, from $50Few things sound as nice as comfortable, beautiful sheets that you don't need to buy for yourself. Brooklinen is one of our favorite startups to shop at, and we ranked their sateen cotton sheets the best luxury sheets you can buy.A monthly subscription of personalized new makeup, haircare, and skincare samplesBirchbox Man/InstagramOne Year Subscription, available at Birchbox, $156College students like to look and feel good, but tight budgets aren't conducive to trying a lot of new grooming products. Birchbox sends samples of new and beloved products once a month, so they can test out new finds and discover products they may want to buy a full size of in the future. It's also just fun to get a monthly gift that is all about them. An Echo Dot with a built-in clockAmazonEcho Dot (4th Gen) with Clock, available at Amazon, B&H Photo, and Best Buy, $59.99The newest Echo Dot is more convenient than ever. The all-new design features a larger speaker for better audio, a digital clock to display the time and timer countdowns, and all of Alexa's other features. A savvy suitcase for traveling on holiday breaksAway/FacebookThe Carry-On, available at Away, from $275Away's popular suitcases deserve their hype. Their hard shell is lightweight but durable, their 360-degree spinner wheels make for seamless traveling, and the external (and ejectable and TSA-compliant) battery pack included can charge a smartphone five times over. It's also guaranteed for life by Away. Find our full review here.We also recommend Calpak for other luggage options. A book about capitalizing on the huge choices to make in your 20sAmazon"The Defining Decade: Why Your Twenties Matter — And How to Make the Most of Them Now" by Meg Jay, available at Amazon and Barnes & Noble, from $12.19The decisions you make in your 20s can greatly impact the rest of your life. The best defense is a good offense and your grad should know now, before any life-altering events crop up, how to get the most out of their "defining decade."An Amazon Prime membershipTommaso Boddi / Getty ImagesGift an Amazon Prime membership, $139An Amazon Prime membership is one of those things that immediately makes life easier. If you decide to gift one, the recipient will enjoy free two-day shipping; access to the Prime Now app, which provides free two-hour delivery on tens of thousands of items; Prime Video, Amazon's streaming video service; Prime Music; the Kindle Lending Library; Prime Reading; Prime Audible Channels; unlimited photo storage, and more.If you want to see how Amazon Prime actually gives you a lot more than free shipping, you can read about the benefits of the service here.A candle to remind college students of their favorite place or hometownAmazonHomesick Location Scented Candle, available at Amazon, Homesick, and Uncommon Goods, from $34If they're away from family or friends, a reminder of home is a wonderful thing to have around. Make sure to check the rules of their dorm or living situation before buying them a candle.Childlike cereal for adultsMagic SpoonFour Flavors, available at Magic Spoon, $39Magic Spoon is a "childlike cereal for adults" that's high in protein and low in sugar — and all four flavors are delicious. Here's one way to show college kids it is completely possible to transition to adulthood without losing all the joy of being a kid. You can read more in a personal review here. Framed memoriesFramebridgeGift Card or Frame a Memory, available at Framebridge, from $45Help them honor some of their best memories — whether it's from friends now studying across the country, family, or best-loved locales. Framebridge is relatively affordable, but decor is one of the luxuries plenty of college students shirk to save elsewhere, so give them permission and funds to make their dorm a home.A monogrammed leather shave bagLeatherologyLeatherology Small Shave Bag, available at Leatherology and Amazon, from $95The dreaded truth of college is that you'll most likely need to schlep your shower belongings to a communal area if you live in the dorms. No one wants to rely on a plastic shower caddy to do that. Grab them a leather shave bag that they'll use for years to come — they probably wouldn't justify the expense on their own, and they'll be grateful to have it. If you're looking for a chic aesthetic, Dagne Dover also makes a great neoprene toiletry bag named the Hunter (from $45) that's built to accommodate makeup. If they have a lot of toiletries, you'll probably want to get the large size for $55.The most comfortable lounge pants we've ever tried for lazy weekend morningsMeUndiesMen's and Women's Lounge Pant, available at MeUndies, $68MeUndies is a popular LA startup that makes some of the most comfortable underwear we've ever tried. Their lounge pants, however, are the real hidden gem — perfect for lounging around on weekend mornings, and they're sleek enough to avoid feeling too unkempt.The best pillow you can buyCoop Home GoodsPremium Adjustable Memory Foam Pillow, available at Coop Home Goods and Amazon, $72Make sure they're optimizing their sleep with the best pillow you can buy. Thanks to the shredded memory foam, they'll get the support and comfortable "sinking in" sensation of a traditional memory foam pillow, but none of the excessive heat or firmness that can be a problem with solid foam. Read more in our buying guide here.A wonderful addition to any skincare routineSephoraKiehl's Ferulic Brew Antioxidant Facial Treatment with Lactic Acid, available at Kiehl's and Sephora, $54This new facial essence from Kiehl's is a great addition to any skincare routine. It's especially good for those who want to even out their skin tone, smooth skin texture, and add some extra moisture. It's made with rich ingredients and is simple to use: you just pat a few drops onto your face, rub it in, and it'll do its magic.A custom poster of their favorite placeGrafomapA customized poster, available at Grafomap, from $19Commemorate their college town, hometown, or favorite place in the world with this customizable graphic map so they can keep it with them wherever life takes them.An extra-long, reinforced phone chargerAmazonNative Union 10-Foot Extra-Long Charging Cable with Leather Strap, available at Amazon, Walmart, and Native Union, from $24If they're going to be tethered to devices, you may as well give them a long leash. This long charging cable means no matter where one is, they'll have power — and they won't have to sit at the foot of their bed to reach it. A gym bag that can transition to a professional settingNordstromHerschel Supply Co. Novel Duffel Bag, available at Amazon, Nordstrom, and Herschel, from $67.64Just like bringing a beat-up JanSport everywhere, lugging an old nylon gym bag isn't ideal for anyone looking for versatile use. Herschel Supply Co. makes reliable, long-lasting bags, and this one has a separate compartment for gym or dress shoes. A microwave-safe ramen cooker for stressful or time-crunched nightsAmazonRapid Ramen Cooker, available at Amazon and Walmart, from $5.99There will be plenty of late nights filled with cheap and tasty ramen. If they're going to eat it anyway, at least let them make it quickly and perfectly every time.A super soft throw blanket they'll cocoon themselves in time and time againAmazonBEDSURE Sherpa Fleece Blanket, available at Amazon and Walmart, from $25.99Grab their favorite candy, this sherpa-lined fleece blanket with over 4,400 five-star reviews on Amazon, and a Hulu gift card to make their nights in actually fun.Gift cards — perhaps the best gift you can give a cash-strapped college studentFlickr Creative Commons/Lani EldertsWhat a stressed, broke college student needs most is money and probably a hug. If you're looking for a way to gift maximum convenience, gift cards are a surprisingly thoughtful way to do that — either for their favorite restaurant, transportation, school books, or music to keep them occupied during long study hours. Check out more gift card gifts here. Everything: Visa Gift Card / Amazon Gift Card Coffee: Starbucks Gift CardSchool books: Amazon Gift Card Entertainment: Netflix Gift Card / Hulu Gift Card / Sling Gift Card / StubHub Gift CardTransportation: Uber Gift CardFurniture: Amazon Gift Card / Wayfair Gift CardMusic: Spotify Gift CardGroceries and food: Whole Foods Gift Card / Chipotle Gift CardClothes: Nordstrom Gift Card / Everlane Gift CardTech: Best Buy Gift CardTravel: Delta Gift Card / Airbnb Gift CardRead the original article on Business Insider.....»»

Category: dealsSource: nytSep 30th, 2022

The 2022 NFL season continues with a big Week 4 matchup between Kansas City and Tampa Bay — here"s how to livestream games all season long

NFL games are spread across CBS, Fox, ESPN, NBC, NFL Network, and Amazon throughout the season. You can stream games on services like Sling and NFL+. When you buy through our links, Insider may earn an affiliate commission. Learn more.This week's Sunday Night Football game will be a rematch of Super Bowl LV, featuring quarterbacks Patrick Mahomes and Tom Brady.AP Photo/Charlie Riedel Week four of the 2022 NFL season features a key matchup between the Chiefs and Buccaneers. Throughout the season, HD antennas and streaming services offer select NFL games without cable. NFL+ is a new streaming service that lets you watch local and primetime games on your phone. The 2022 NFL season enters its second month with week four, featuring high profile games between the Bills and Ravens, and the Chiefs and Buccaneers.The NFL Network will broadcast the first of three London games this year, with an early Sunday kickoff scheduled at 9:30 a.m. ET for the Minnesota Vikings and New Orleans Saints. The Sunday Night Football matchup between Kansas City and Tampa Bay was in danger of being relocated to Minneapolis due to the impact of Tropical Storm Ian in Florida, but the league confirmed the game will continue as scheduled on NBC and Peacock. Throughout the regular season, NFL games are spread between Fox, CBS, ESPN, NBC, Amazon Prime Video, and the NFL Network. To help you catch games all season long, we've broken down all your options to watch the NFL without cable, along with a schedule for this week's games.NFL week 4 scheduleGameDate and timeChannelMiami Dolphins at Cincinnati Bengals September 29, 8:15 p.m. ETPrime VideoMinnesota Vikings at New Orleans SaintsOctober 2, 9:30 a.m. ETNFL NetworkCleveland Browns at Atlanta FalconsOctober 2, 1 p.m. ETCBSBuffalo Bills at Baltimore RavensOctober 2, 1 p.m. ETCBSWashington Commanders at Dallas CowboysOctober 2, 1 p.m. ETFoxSeattle Seahawks at Detroit LionsOctober 2, 1 p.m. ETFoxLos Angeles Chargers at Houston TexansOctober 2, 1 p.m. ETCBSTennessee Titans at Indianapolis ColtsOctober 2, 1 p.m. ETFoxChicago Bears at New York GiantsOctober 2, 1 p.m. ETFoxJacksonville Jaguars at Philadelphia EaglesOctober 2, 1 p.m. ETCBSNew York Jets at Pittsburgh SteelersOctober 2, 1 p.m. ETCBSArizona Cardinals at Carolina PanthersOctober 2, 4:05 p.m. ETFoxNew England Patriots at Green Bay PackersOctober 2, 4:25 p.m. ETCBSDenver Broncos at Las Vegas RaidersOctober 2, 4:25 p.m. ETCBSKansas City Chiefs at Tampa Bay BuccaneersOctober 2, 8:20 p.m. ETNBC, PeacockLos Angeles Rams at San Francisco 49ersOctober 3, 8:15 p.m. ETESPN, ESPN2How to watch NFL games without cableYou can watch select NFL games without a cable subscription via live TV streaming services and platforms like Amazon Prime Video, Paramount Plus, Peacock Premium, and NFL+. You can also watch local NFL games with an HDTV antenna.To get access to every local, London, and primetime game all season long, we recommend a combination of Hulu + Live TV and Amazon Prime Video. Though there are other combinations that will offer similar coverage, this package currently gets you the most games for your money.Here's a chart detailing which NFL games are included on every major platform:Note: This chart is for local in-market and national broadcasts only. Out-of-market games are not available with these services. AFC afternoon games (CBS)NFC afternoon games (Fox)Sunday Night Football (NBC)Monday Night Football (ESPN)Thursday Night FootballNFL Network gamesAntennaYesYesYesNoNoNoSling TV Orange + BlueNoYesYesYesNoYesHuluYesYesYesYesNoYesYouTube TVYesYesYesYesNoYesFuboTVYesYesYesYesNoYesParamount PlusYesNoNoNoNoNoPeacock PremiumNoNoYesNoNoNoAmazon Prime VideoNoNoNoNoYesNoNFL+ (mobile only)YesYesYesYesYesYesHere's a detailed breakdown of all the services you can use to stream NFL games without cable:HDTV AntennaBen Blanchet/InsiderYou can purchase an antenna, like this Channel Master model, to add to your TV for about $25, giving you access to local channels within a certain distance. For more recommendations, check our guide to the best digital antennas. An antenna lets you watch all the regional games broadcast from wherever you're located. You also get the Sunday Night Football matchup that airs on NBC. Because it's only a one-time payment, this is a great option if you're solely interested in watching the team in your area.What you get:Local games on FoxLocal games on CBSSunday Night Football on NBCWhat you don't get:Out-of-market gamesMonday Night FootballThursday Night FootballNFL Network gamesSling TVAlyssa Powell/Business InsiderIf you're looking for a live TV streaming service to watch football, Sling TV is a great budget option that gives you most of the channels you need at a cheaper price than Hulu or Fubo TV.There are three different plans, depending on what channels you prioritize. Sling Orange and Sling Blue each cost $35 a month, while the combined Sling Orange + Blue plan costs $50 a month. Additionally, you can purchase the Sports Extra package to add NFL RedZone to your plan for $11 a month. The Blue plan has NFL Network, as well as Fox and NBC in select markets, while the Orange plan has ESPN. We recommend going with Sling Orange + Blue to get access to the most NFL content Sling offers all season long.  What you get:Local games on Fox (select markets)Sunday Night Football on NBC (select markets)Monday Night Football on ESPNNFL Network gamesWhat you don't get:Local games on CBSThursday Night Football gamesOut-of-market gamesHulu with Live TVHulu; Alyssa Powell/InsiderIn addition to all of its other offerings, Hulu + Live TV has nearly everything you need to stream NFL games for $70 per month.Hulu + Live TV gets you access to all local NFL games in your area, with the exception of any blackouts. In addition, you get ESPN and NFL Network. The service costs $70 a month and even comes with a Disney Plus and ESPN+ subscription for no extra cost. You can also add the Sports add-on package to get NFL Redzone for an extra $10 a month.What you get:Local games on Fox Local games on CBSSunday Night Football on NBCMonday Night Football on ESPNNFL Network gamesWhat you don't get:Thursday Night Football gamesOut-of-market gamesFubo TVFuboTVAt $70 a month for the Pro plan, Fubo TV offers the same selection of NFL games that you can find on Hulu + Live TV. It boasts all the network and cable channels you need to watch local and primetime games. You can also spend an extra $11 a month to add the Sports Plus with NFL RedZone package.What you get:Local games on Fox Local games on CBSSunday Night Football on NBCMonday Night Football on ESPNNFL Network gamesWhat you don't get:Thursday Night Football gamesOut-of-market gamesYouTube TVYouTubeYouTube TV is another service that offers access to local and primetime NFL games. It costs $65 a month, but new members can get their first three months for $55 a month. Additionally, the service announced an agreement with the NFL to offer NFL Redzone as an add-on included in their Sports Plus package for an additional $11 a month.What you get:Local games on Fox Local games on CBSSunday Night Football on NBCMonday Night Football on ESPNNFL Network gamesWhat you don't get:Thursday Night Football gamesOut-of-market gamesParamount PlusCBSIf you're just interested in watching locally televised AFC home games, then a Paramount Plus subscription could be all you need. The service lets you stream live CBS television, as well as a growing library of on-demand shows and exclusive titles. Paramount Plus is available for $5 a month with commercials or $10 a month with ad-free on-demand streaming. With that said, all live broadcasts, including NFL games, still feature commercials with the ad-free plan.What you get:Local games on CBSWhat you don't get:Local games on Fox Sunday Night Football on NBCMonday Night Football on ESPNThursday Night Football gamesNFL Network gamesOut-of-market Sunday afternoon gamesPeacock PremiumPeacockPeacock won't be streaming any exclusive games during the 2022 season, but Premium subscribers ($5/month) can stream all the NFL games being broadcast on NBC on Sunday nights.What you get:Sunday Night Football on NBCWhat you don't get:Local games on CBSLocal games on Fox Monday Night Football on ESPNThursday Night Football gamesNFL Network gamesOut-of-market Sunday afternoon gamesAmazon Prime VideoAmazonAmazon Prime Video is now the exclusive home of Thursday Night Football, with regular season matchups starting September 15. Thursday Night Football has expanded to 16 games this season, with former Sunday Night Football play-by-play announcer Al Michaels joining ESPN College GameDay analyst Kirk Herbstreit in the broadcast booth.Fox Sports personality Charissa Thompson will host Prime Video's NFL studio coverage alongside NFL Hall of Famer Tony Gonzalez, All-Pro corner back Richard Sherman, and retired quarterback Ryan Fitzpatrick.A standalone Amazon Prime Video membership costs $9 a month, and the service is included as part of an Amazon Prime subscription for $139 per year or $15 a month.What you get:Thursday Night Football gamesWhat you don't get:Local games on CBSLocal games on Fox Monday Night Football on ESPNSunday Night Football games on NBCNFL Network gamesOut-of-market Sunday afternoon gamesNFL+NFLIf you're only interested in streaming NFL games on your phone or tablet, a subscription to the newly launched NFL+ service is your best bet. The platform will let you watch in-market games, playoff games, and all primetime broadcasts for $5 a month or $50 per year.To access games, you'll need to ensure that your location services are activated on your phone or tablet. NFL+ subscribers also get access to a large library of documentaries and shows from NFL films and the NFL Network, all of which can be found in the NFL app. NFL+ Premium is also available for $10 a month. This plan lets you watch replays of games after they air, and provides access to game film that's usually reserved for coaches and analysts.What you get:Local games on Fox (mobile only)Local games on CBS (mobile only)Sunday Night Football on NBC (mobile only)Monday Night Football on ESPN (mobile only)Thursday Night Football games (mobile only)NFL Network games (mobile only)What you don't get:Out-of-market gamesESPN+ESPN PlusESPN+ doesn't offer NFL games every week, but there are a handful of games that will be streamed on the service during the season. Those include select Monday Night Football games, the NFL's annual game in London, two Saturday games, and a wild card playoff game.ESPN+ also offers the weekly recap show "NFL Primetime," which features ESPN personality Chris Berman and broadcaster Booger McFarland reviewing highlights of Sunday's games each week. Exclusive editorial content from ESPN's top football analysts is also available to ESPN+ subscribers on ESPN.com throughout the season.ESPN+ costs $10 a month, and can also be bundled with Disney Plus and Hulu starting at $14 a month. The price of the Disney bundle will increase on December 8, however, depending on which plan you choose.What you get:Monday Night Football games on September 12, 19, and 26, as well as December 19 and January 2The NFL's annual game in London on October 30Two Saturday games on January 7, 2023A wild card playoff game on January 16, 2023What you don't get:Local games on Fox Local games on CBSSunday Night Football on NBCMonday Night Football games that aren't listed aboveThursday Night Football gamesNFL Network gamesNFL Sunday TicketREUTERS/Carlo AllegriNFL Sunday Ticket lets NFL fans watch every out-of-market Sunday afternoon game. This is a great option if you want to follow games from other teams outside your local area. That said, the service is only available in select regions.There are two separate plans available: The NFL Sunday Ticket base plan costs $293.94 total for the season. There is also the NFL Sunday Ticket Max plan for $395.94 for the season.In addition to the normal features, NFL Sunday Ticket Max adds in NFL RedZone and the DirecTV Fantasy Zone, which is a new channel solely dedicated to watching games through the lens of fantasy football.  A fun feature included in both plans is that you can watch four games at once on your screenWhat you get:Out-of-market Sunday afternoon gamesWhat you don't get:Local games on Fox Local games on CBSSunday Night Football on NBCMonday Night Football on ESPNThursday Night Football gamesNFL Network gamesRead the original article on Business Insider.....»»

Category: smallbizSource: nytSep 29th, 2022

Ken Griffin: Stocks “Looking Pretty Good On A Relative Basis”

Following is the unofficial transcript of a CNBC interview with Citadel Founder & CEO Ken Griffin and CNBC’s “Fast Money Halftime Report” and “Closing Bell: Overtime” Host Scott Wapner live during the CNBC Delivering Alpha conference today, Wednesday, September 28th. Interview With Ken Griffin From The Delivering Alpha Conference SCOTT WAPNER: Welcome. Great to have […] Following is the unofficial transcript of a CNBC interview with Citadel Founder & CEO Ken Griffin and CNBC’s “Fast Money Halftime Report” and “Closing Bell: Overtime” Host Scott Wapner live during the CNBC Delivering Alpha conference today, Wednesday, September 28th. Interview With Ken Griffin From The Delivering Alpha Conference SCOTT WAPNER: Welcome. Great to have you here. KEN GRIFFIN: It’s great to be here. SCOTT WAPNER: I can’t think of a better time to speak with you, either. These are such unsettled times, uncertain. I have a lot to get to and I’d like to start by sort of getting your view of kind of where we are from a market standpoint. What do you see? .first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles .af-body.af-standards input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important} form.ebook-styles .error, form.ebook-styles #error { color:#d00; } form.ebook-styles .formfields h1, form.ebook-styles .formfields #mg-logo, form.ebook-styles .formfields #mg-footer { display: none; } form.ebook-styles .formfields { font-size: 12px; } form.ebook-styles .formfields p { margin: 4px 0; } Get The Full Ray Dalio Series in PDF Get the entire 10-part series on Ray Dalio in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';}(jQuery));var $mcj = jQuery.noConflict(true); Q2 2022 hedge fund letters, conferences and more   KEN GRIFFIN: So you opened with the right choice of words. It's a very uncertain time. We are grappling with the threat of nuclear war in the Ukraine, we're grappling with unprecedented Central Bank interventions, we're grappling with record high inflation in the United States in our lifetimes. We're in a very uncertain time for investors. Fortunately, the U.S. equity market, although down quite a bit for the year, is showing a level of resiliency. And the U.S. economy, most importantly, is still strong for people who are going to work every day. In fact, I think we're looking at real wage growth in Q4 this year. We're probably looking at peak inflation having just occurred or just about to occur. So the forward trajectory on a number of key fronts looks somewhat better domestically, again, assuming nothing goes totally off the rails abroad. SCOTT WAPNER: I'm kind of surprised to hear you answer the question that way. I was expecting maybe more gloom and doom. You don't really sound that way, like Stan Druckenmiller did, who was on the stage earlier today who was talking about, at minimum, a hard landing sometime in 2023, if not worse. KEN GRIFFIN: Well, everybody likes to forecast recessions, and there will be one, it's just a question of when and, frankly, how hard. And is it possible that end of '23 we have a hard landing? Absolutely. The Fed is grappling with a level of inflation we haven't seen in a long time. They have a very limited toolkit. They can raise interest rates. That has very adverse consequences for home builders, adverse consequences for auto manufacturers. It will slow down new office construction, for example. But it's a pretty awkward tool to actually cool the economy in a services-led economy. Your decision and my decision to go to a restaurant tonight isn't really impacted by overnight interest rates. Now, we'll get some knock-down effects from wealth deterioration, right? Stock market is lower. People are a bit anxious to spend some of their savings because their savings have come down. But with employment numbers as good as they are, with wages going up nominally, quite a bit, in real terms, back in an upward trajectory, I think the consumer is going to spend money. SCOTT WAPNER: You talk about a resilient stock market, that's the word you used. Do you think that can continue, or is that going to end? KEN GRIFFIN: If we look at multiples, they are high by historical standards, and they are still high by historical standards even given the onslaught of bad news that we've seen, right? Like you said, it's been a year of some really tough headlines. There's a war in Europe, there is record inflation. The market is -- of course, it's down, I don't want to sugarcoat that, but it's not down as much as you probably would have thought if you looked at the news headlines. I think that, again, reflects people have job security, they feel safe in their jobs. Because they're safe in their jobs, they're willing to put money at risk in the stock market. I think if people started to hear their neighbors losing their jobs, we'd see a rotation out of equities and into fixed income. But right now, the American consumer is feeling pretty good about where things stand on an absolute basis. Again, as a country, we all like to find a list of things to complain about, inflation high on the list. But in an 8% inflation environment, do you want your money in 2% short-term bills? Do you want your money in a bank account yielding next to nothing? Stock market was looking pretty good on a relative basis. SCOTT WAPNER: You speak to the competition that now exists, that didn't exist for the better part of at least a decade, if not longer. I know you've heard the debate whether stocks are better than bonds at the current time. Some suggest it's not even close right now, that bonds are the better bet. KEN GRIFFIN: I've got to tell you, with the 10-year at 4% this morning, that was pretty compelling. If you walk through the story we went through, inflation peaking here, heading to a -- you know, let's call it 3- or 2-headline number sometime early to mid next year, core will be higher. That's the challenge the Fed's going to have to deal with, is bringing core down. But you've got a 4% nominal yield. You could be looking at a pretty good real rate of return with bonds at 4%. SCOTT WAPNER: This whole conversation obviously hinges on what the Fed continues to do, and what the impact is of what they're already done. That debate has percolated maybe over the pot of late, with some suggesting that the Fed has gone way too far. I don't know if you've heard some of the debate on our own network about that. Where do you come down on that? Has the Fed oversteered, as some suggest? KEN GRIFFIN: You know, I think that you have one of the most difficult jobs you could ever imagine, right? You're trying to figure out what would be the trajectory of inflation against a backdrop of a labor market that we've never seen before. We don't know the impact of productivity from people working from home, for example. We just don't know. We also don't know what the next move out of Washington is going to be. There's been a lot of regulatory increase out of Washington which, of course, is tough on the economy. There's been a tremendous amount of spending that we, as a country, just shouldn't be incurring that, again, is pro-cyclical, pro-inflation. So the Fed's had a really difficult job to try to use a very blunt tool, interest rates, to address an overheating economy where Washington keeps making moves on the chess board that turned the oven hotter. So it's a tough job. The Fed came out pretty aggressively and then lost some credibility this summer as the financial conditions started to relax. And the most recent moves by the Fed are about reasserting credibility. They want to be very clear-cut, we're going to put inflation back in the box, we're going to take care of this issue. But they lost some credibility this summer when the market started to think the Fed was going to come off of a steep trajectory. SCOTT WAPNER: To pivot. KEN GRIFFIN: To pivot, right? And that was exactly what the Fed didn't need. Now, let's look at counterpoints. The Bank of England right now is facing many of the same challenges, right? The U.K. is going to offer a massive subsidy to homeowners to deal with the cost of energy. That's the price that Europe is paying for, frankly, really poorly thought-out energy policies borne to a significant degree by U.K. consumers who, to their credit, that country's built much more infrastructure and has much more infrastructure to grapple with the crisis created by the dynamics in Ukraine and Russia. But the Bank of England's got to deal with policies that are, again, huge subsidies to homeowners for energy bills, $100 billion-plus, in all likelihood, and then a tax cut against an economy already struggling with inflation. And there, where you see the credibility being brought into question the last couple of days, you've seen just a dramatic fall in the value of the pound, you've seen a dramatic increase in U.K. rates. You can understand why central banks are so focused on maintaining confidence when you see it go awry. SCOTT WAPNER: You run a global firm, obviously, with exposure all over the world. The fallout from what -- since you went there, the U.K -- the BOE has done, I mean, monetary and fiscal policymakers there, are you worried about contagion as a result of what they've done or what kind of exposure might you have given your big macro-presence in Europe? KEN GRIFFIN: So am I worried about contagion? No. But I'm worried about what the loss of confidence in the U.K. represents. It represents the first time we've seen a major developed market, in a very long time, lose confidence from investors. And it represents the challenges that a country faces when policymakers have created a poor foundation. The U.K, because it had high inflation, cannot resort to tax cuts in the same ready fashion to spur growth as we could have in the United States during the Trump administration, for example. When you have your fiscal house in order, when you have inflation under control, you have far more degrees of freedom from both a fiscal and monetary perspective to deal with moments of adversity. The U.K. has lost some of those degrees of freedom, and you see that in the market's reaction to policies that would have been acceptable under a different regime. I worry about that from the context of being an American, where our deficit continues to explode in size, where our government continues to expand in size, and we're losing some of our competitive advantage on a global stage because of the weight of our government and our policy decisions. SCOTT WAPNER: When you see the dramatic moves that have taken place in the currency in the U.K, in bonds, I mean, given your job, do you think about the exposure that you have at that given moment and what the ramifications are? How are you thinking about that question? KEN GRIFFIN: I mean, of course we're always thinking about every exposure we have around the world. We trade a substantial portfolio of foreign exchange positions of fixed-income assets around the world, in addition to equities, and part of our job as a management team is to understand the risks and rewards inherent in those assets, in those positions. The U.K. has been a bit of a minefield the last couple weeks, because today, for example, Central Bank stepped in and bought 10-year gilts in the U.K. to try to create stability in the market, in a country that has enormous amount of debt to be issued. So how do you interpret that? How do you think about these forms of market intervention by central banks? Bank of Japan, just a week ago, intervened in the FX market in a very profound way. And so when you're trading a large macro portfolio, part of your job is to understand how governments will intervene. But watching governments intervene is always a frightening place to be. SCOTT WAPNER: Sometimes the -- I guess you think about the "how," you never can predict the "when," and that is maybe the most unknown variable there is that brings you back to our conversation about our Federal Reserve. Do you think that they have done enough to this point in time that they should stop and wait? It speaks to the "when" and the "how much" of another rate cut -- a rate hike, and if and when that happens. Have they done enough? Should they let it go through the system like some suggest they should? KEN GRIFFIN: So, from my vantage point, absolutely not. We should continue on the path that we're on to ensure that we re-anchor inflation expectations. There's a psychological component to inflation that we need to make sure that our country doesn't start to assume that we should expect 5 or 6 or 7% inflation, because once you expect it broadly enough, it becomes reality, it becomes the table stakes in wage negotiations, for example. So it's important that we don't let inflation expectations become unanchored. But I will tell you, I think the Fed has another challenge, which is if Stan Druckenmiller is right -- let's just stipulate he is -- and we go into a deep recession late next year, then we're going to have had millions of Americans unemployed back to back twice in a three-and-change-year period. And from the perspective of our nation, the loss of human capital that that implies is devastating. To be unemployed twice in such a short period of time, the diminution of job skills, career experience, derailment to future aspirations, a belief that the American dream is not achievable, those cultural and tangible impacts are really devastating. So, for choice, if I am the Fed, I want to try to bring inflation expectations down, but I don't want to create a hard landing because of the cost in human capital. SCOTT WAPNER: You think that they can actually control that? KEN GRIFFIN: No. I think that's the really difficult dance they're trying to do right now. But, you know, you're dealing with very lagged effects. You raise rates today, it impacts very small sectors of the economy very sharply. The follow-on knock-on effects will take 6-12 months to play out. It's a really difficult job they have. SCOTT WAPNER: Stan, you know, aside from suggesting that there was going to be a hard landing at some point next year, suggested you could have something much worse than that. Do you think we could? KEN GRIFFIN: I mean, it's possible. It's always -- here is the problem with economics. I spent three years of my life pulling my hair out at Harvard studying economics. There is no answer. There's just distributions. There's just what may happen. And, of course, there's some distribution that says we're going to go into a significant recession or depression. I can give you that story. I can give you that really bearish story. I'm not sure it serves much purpose. One should always think about that in terms of their portfolio allocation. Can I endure the losses in my portfolio that would go with a severe recession or depression? I should be aware of that possibility. But you want to think about managing your portfolio over your life and over your ability to sustain your risk positions over the journey of your life. In other words, you don't want to own so many equities that when the inevitable recession happens, you're forced to sell at the bottom. That's a much more important concept for investors to understand and to focus on than trying to prognosticate as to when the next recession is going to happen, if that makes any sense. SCOTT WAPNER: Is the 60/40 portfolio dead? KEN GRIFFIN: No. Actually, the 60/40 portfolio looks much better today than at any point in recent times. SCOTT WAPNER: Why so? KEN GRIFFIN: We've got 10-year bonds at 4%, right? When 10-year bonds are at 75 basis points, or 1%, there's no real upside to the bond in a moment of a recession that's often characterized with inflation. But now with the 10-year bond at 4%, if you go into a downturn and inflation heads back towards a 1 handle, all of a sudden those bonds are worth a fair amount more than they are today. That's a win in your portfolio; that's in the green, when your equity portfolio is likely to be in the red. SCOTT WAPNER: Just to be clear, we're talking about 60/40 stocks/bonds, right? The 60/40 portfolio being the best there; we're not saying 60 bonds/40 stocks? KEN GRIFFIN: No. We're saying -- just to case it back, look at the traditional 60/40 advice that investment advisors have given people for the last 40 years of our lives, okay? What I'm saying is, right here, right now, that's a much more compelling value proposition than it was back when the 10-year bond had a 1% yield. SCOTT WAPNER: But you're not -- are you positioning for an eventual hard landing or not? KEN GRIFFIN: So, you know, we're very focused on the possibility of a recession. That's part of risk management. But our central case, unemployment claims at effectively all-time lows, labor force participation rates for prime in life, close to all-time highs. The labor market is healthy. You're going to have real wage growth in Q4. The consumer, lower gasoline prices, lower energy prices, is putting that savings right into consumption. They're putting it into airline tickets, hotels, electronics. They're spending the money that they're saving that they were spending on gasoline just six months ago on other forms of consumption. So that creates a really powerful tailwind to the overall economy. Remember, this, in America, is a consumer consumption-led economy. For better, for worse, that's what drives the American economy. What's the consumer doing? And right here, right now, for the consumer, things look better than they did six months ago. In the future, if you have a bit of a crystal ball, it looks even better over the next 3-6 months. SCOTT WAPNER: Interesting. So we talk a little bit about your positioning. I mentioned at the beginning you have had an ability to navigate these unsettled and uncertain markets better than most. Tyler alluded to that as well. Citadel is having a great year. What's been the key to that? What's been the positioning for you that has led you to do better than most? KEN GRIFFIN: So what you have to keep in mind is, is when you're running a large alternative asset management firm, and particularly one with a very sharp trading stance -- so we're very actively trading dollar/yen and pound/dollar and the 10-year bond and -- SCOTT WAPNER: And commodities. KEN GRIFFIN: -- and commodities, the fluidity with how you change that portfolio is very fast. You can come in to work one day, find that you're long on a bunch of 10-year bonds; two weeks later, you're short a bunch of 10-year bonds. So the tactics of how we're positioning our capital from a trading perspective means that the portfolio really reflects a summation of making a significant number of very on-point short-term calls over the course of the last nine months. Now, I will tell you, one of our key competitive advantages is my entire team is back at work. And the communication collaboration that goes with an in-office workforce is a really powerful competitive advantage when a lot of our competitors are still working remotely. So I think we're in a better position to assimilate quickly macroeconomic news, company earning reports, and move our feet in response to that information and capture value for the people that entrust us with their capital. SCOTT WAPNER: You mentioned your presence in commodities is large, you're one of the largest commodities traders in the world. What is your outlook for that space, specifically energy, which is still, I think, the best-performing sector of this year? KEN GRIFFIN: Energy has been just an unbelievable upward trajectory for most of 2022. And this reflects the fact that Europe -- Europe was willing to trust Russia as its fundamental provider of energy. In fact, when it came to Nord Stream, the whole point that President Trump had about "no" to Nord Stream was trying to reduce European dependency upon the Russians for energy. And guess what? The President was right. In fact, this winter in Germany, the question will be what part of the manufacturing base may need to shut down to secure enough natural gas to heat people's homes. I mean, this is really hard for Americans to relate to, this idea that GM and Ford and Toyota would shut down their manufacturing lines here in America so we would have enough natural gas to keep people's homes warm during the winter. That's how precarious things are in Europe. And the price of natural gas in Europe is several times, several times higher than the price in the United States. So Europe, unlike the United States, because of this enormous energy tax, both inflationary -- and, bluntly, you're writing a check to the Russians -- well, you were until recently; they stopped sending gas to the Europeans. That is putting their economy in a much weaker position on a relative basis than ours. Europe is probably already in a recession because of the high cost and scarcity of energy, and that's a really sad commentary on a substantial portion of the world's consumer or population base. SCOTT WAPNER: You mentioned President Trump -- former President Trump. I want to pivot, if I may, to politics for a minute, because the reports are that you are a big supporter of Governor DeSantis in your new home base of Florida. You were ear-to-ear smile before we came in here, telling me how much you love being down in Miami. Are reports of your backing of DeSantis true? KEN GRIFFIN: Well, I've been a supporter of DeSantis for years. There's nothing newsworthy, and I'm a big supporter of DeSantis. And living in Florida, you see the impact of his policies. It is a state that is prospering. Children in school are being educated and not indoctrinated, which is really great to see as a father of three children. The focus from the Mayor of Miami on managing crime, I mean, we just didn't have that in Chicago. And Chicago, one of our great northern cities right now, frankly, engulfed in almost anarchy. Crime is just out of control in the streets. My friends in New York complain about crime. Nothing compared to Chicago. So, if you look at the quality of life that people have in Florida right now, good schools, safe streets, incredibly prosperous business community, incredible influx of people from across the country moving to Florida, they're like intra-American immigrants. These are people that want to build businesses, they want to create careers. They're moving to states like Florida, where it's just easier to do. And it's really fun to be in an environment where people are forward and they embrace the future. They're hopeful about tomorrow. In contrast, in Chicago, dinner with friends would open for the first 20 minutes with crime and how bad crime is, and this person was murdered here, and what are they going to do about it. That's just not the conversation in Miami. The conversation in Miami is about building a future. SCOTT WAPNER: What did you think of the Governor's policy on migrants? KEN GRIFFIN: I don't agree with what he did. SCOTT WAPNER: Did you tell him that? KEN GRIFFIN: I'm certain that my team's communicated that to him. The point that he's trying to make, I agree with, but the immigrants -- the illegal immigrants are coming over the border in Texas. Texas is bearing the brunt of this. And Governor Abbott, in Texas, I think is justified in what he's been doing because, frankly, the rest of the United States has left him with the bill, while cities like Chicago declared themselves to be sanctuary cities. So he's making a very powerful point to the rest of the country as the state that's bearing the cost of open borders. I think DeSantis reiterated that point but, frankly, I think the Governor of Texas had made it. I don't think Governor DeSantis had to get in the middle of this. SCOTT WAPNER: What about his fight with Disney? KEN GRIFFIN: That's a complicated fight with Disney. First of all, I think Disney put themselves in a position to be punched back. I think the Governor of Florida is completely appropriate in punching back in words. I always get anxious when government does things that look retaliatory. So when the State of Florida revoked Disney's special tax status, that to me could be interpreted as retaliation. And I think it's incredibly important that the U.S. government, at the state level and federal level, stays above anything that looks like politically-based retaliation at all times. SCOTT WAPNER: And you thought that was? KEN GRIFFIN: Look, you could interpret it as such. So whether or not it was, it doesn't matter. The timing was such that one could conclude or believe it was retaliation. SCOTT WAPNER: To the reports that you would consider a cabinet position should he win in '24, perhaps as Treasury Secretary, is that true? KEN GRIFFIN: Well, the question was posed to me, if there was a moment where -- Let me just rephrase this. If we had an economic crisis and I was asked to be Secretary of Treasury, of course I would offer my services. I would be honored to be asked under those circumstances. But right here, right now, I love running Citadel. I'm not interested in being Secretary of Treasury. If we ever had a crisis, of course I'm interested in serving my nation. SCOTT WAPNER: But it would take a crisis to get you to seriously think about it? KEN GRIFFIN: It probably would. SCOTT WAPNER: Interesting. Lastly, before we go, I guess it was 18 months ago or so when you and Citadel were thrust into the whole issue of payment for order flow with Robinhood, which you, I believe, came on with my colleague, Andrew Ross Sorkin, to sort of defend the practice and Citadel's role in it. There was news last week that seemed to suggest that that policy was not going to be outlawed by the SEC. You said at the time that if it was, you would adapt. I think that was the word you used, was "adapt." Are you surprised? Did you think it might be outlawed? KEN GRIFFIN: So, you know, is there a chance, was there a significant chance the SEC was going to end up somewhere banning payment for order flow? Of course. And, frankly, I don't think we've done enough to help consumers understand the nature of payment for order flow. If you're a client of any of the major E-brokerage firms, whether it's a Fidelity, a Schwab, Ameritrade, a Robinhood, an E-Trade, you route your order flow to firms like Citadel Securities, or V2 or Jane Street. And we share our trading acumen at the time of execution of that order. We can very precisely price equities, manage the risk of doing so, and we can share our trading acumen in the form of price improvement and payment for order flow. And this has driven this spectacularly high-execution quality that retail investors have enjoyed and, at the same time, payment for order flow has allowed the major E-brokerage firms to offer zero dollar commissions. We can end payment for order flow, perhaps that trading acumen is shared by more price improvement in that world, but it probably also results in higher commissions. And I think that's just a policy decision that Gensler and the E-brokerage community need to make. SCOTT WAPNER: How will we look back on this whole period, do you think? We've had some runway now away from the meme stock mania, but if you consider that and NFTs and SPACs and some of the other -- you know, what some would call froth or frothy activity in the market, how will you look back at this period of the last couple of years with the sort of keen market sense that you have? KEN GRIFFIN: Wait. Some would call froth? SCOTT WAPNER: Okay. I was trying to be -- KEN GRIFFIN: No. I mean, we went through a period of time where there was massive fiscal stimulus to the American household, much of that early in the pandemic, completely justified. I mean, I was in the White House in March of 2020, and we were talking about the fact that literally millions of Americans were about to lose their jobs. I was pounding the table pretty hard that we had to put checks in the hands of American households, because otherwise people were going to go without food. You and I both know the numbers in the average savings account in our country. People have not saved enough money for a rainy day. And I give great credit to the administration for moving aggressively to get those early stimulus checks out to make sure that nobody in this country went hungry at the start of that pandemic. But we just kept sending checks under one program after another program, last administration, this administration. That deluge of money handed to households, which we borrowed from our great-grandchildren, the surge in the federal deficit has just been -- it's been equivalent to winning World War II. It's been incomprehensible. That surge of borrowing and money delivered to households cycled back into speculative assets in many cases, into NFTs, into crypto, into meme stocks. Now that we're past that moment in time and people are starting to spend those savings down to travel, go out to eat, enjoy other items in life that they want to have, we're seeing that speculative bubble really recede. And this is healthy for the economy. Money misallocated in speculative assets doesn't create jobs in the long run, doesn't help to create the long-term prosperity that makes America the country that it is. SCOTT WAPNER: And you see the direct cause and effect? KEN GRIFFIN: Oh, absolutely. I mean, billions of dollars going into companies that are effectively going to go broke, tens of billions, is money that doesn't go to how do we treat Alzheimer's or how do we treat Parkinson's or how do we educate our children. Our capital markets, when they're awash in speculation, miss the point of why they exist. They exist to allocate capital to the best and highest use. And America's capital markets historically are an incredible engine of job creation, innovation, and improvement in our quality of life. I mean, the stories of the great tech companies, they're almost all U.S. stories, whether it's Apple or Intel or Microsoft. And these are companies that were funded with the American capital markets to create that incredible change in our lives that you and I have enjoyed growing up over the course of the last few decades. SCOTT WAPNER: You included crypto in the areas of "froth" that you just said. Does that mean you're a nonbeliever in crypto? KEN GRIFFIN: Oh, this is -- you know, all the 20-year-olds that work for me now want to kill me, thank you very much, because there's a bit of an intergenerational fight here. I see my younger colleagues much more crypto-centric than my older colleagues, and for good reasons, including, ironically, sort of a Libertarian view of the world. You know, as our government gets bigger and bigger, a certain number of people sort of feel like, you know what, I want the privacy and I want to be -- I want to pull away from government. SCOTT WAPNER: Decentralization. KEN GRIFFIN: Decentralization, right? So what's interesting is we see people pulling away from big government when they look at assets like cryptocurrency, which is a real irony given how people view government can solve so many other problems. SCOTT WAPNER: I enjoyed our conversation. Thank you so much for being so generous with your time. That's Ken Griffin. KEN GRIFFIN: Great to be here......»»

Category: blogSource: valuewalkSep 29th, 2022

Warren Buffett"s Berkshire Hathaway just piled another $350 million into Occidental stock - and now owns nearly 21% of the oil giant

Buffett's company has plowed about $10 billion into the oil-and-gas company in the space of 35 trading days this year. Warren Buffett.Getty Images / Michael Buckner Warren Buffett's Berkshire Hathaway invested another $350 million in Occidental Petroleum stock. Buffett's company bought about 6 million shares, raising its stake to 194 million shares, or 20.8%. Berkshire has spent about $10 billion building its position, in the space of 35 trading days this year. Warren Buffett's Berkshire Hathaway has piled another $350 million into Occidental Petroleum over the past three days, a Securities and Exchange Commission filing on Wednesday showed.The famed investor's conglomerate scooped up about 6 million shares at prices ranging from $57.67 to $61.60, boosting its total holding to 194 million shares. It now commands a 20.8% stake in the oil-and-gas company, valued at nearly $12 billion as of Wednesday's close.Buffett and his team, who last added to their Occidental position on August 8, likely resumed buying this week because they saw the energy stock as a bargain once again. It has tumbled over 20% in the past month, from a nearly four-year intraday high of $77 on August 29, to $61 at last check.Berkshire started buying Occidental shares on February 28, and grew its stake from scratch to 136 million shares, or more than 14% of the company, by March 16. It has built its entire position in the space of 35 trading days this year, a Markets Insider analysis of SEC filings shows.Occidental CEO Vicki Hollub has said Buffett likes the fact her company is strong in the US, and that it is slashing its debts, reinstating its dividend, and buying back shares."We have multiple ways to return value to shareholders, and that's the kind of company that he likes," she recently told Fortune.Buffett's clear interest in Occidental stock, and the fact he recently won regulatory approval to own up to 50% of the company, has stoked rumors that Berkshire might buy the company outright.However, the investor famously spurns hostile takeovers, and he hasn't discussed a buyout with Occidental's bosses — making a takeover seem unlikely for the time being.Berkshire has invested roughly $10 billion in Occidental this year, meaning it's made about $2 billion on paper to date. It also holds $10 billion of Occidental preferred stock, as well as warrants it can exercise to buy 83.9 million common shares at a fixed cost of $5 billion, which it received in exchange for financing the oil group's takeover of Anadarko Petroleum in 2019.Read the original article on Business Insider.....»»

Category: topSource: businessinsiderSep 29th, 2022

Artisan Partners Believes that Atlassian Corp. (TEAM)’s Shares are Trading at an Attractive Valuation

Artisan Partners, an investment management company, released its “Artisan Global Discovery Fund” second quarter investor letter. A copy of the same can be downloaded here. In the second quarter, its Investor Class: APFDX returned -20.46%, Advisor Class: APDDX posted a return of -20.42%, and Institutional Class: APHDX returned -20.40%, compared to the benchmark return of […] Artisan Partners, an investment management company, released its “Artisan Global Discovery Fund” second quarter investor letter. A copy of the same can be downloaded here. In the second quarter, its Investor Class: APFDX returned -20.46%, Advisor Class: APDDX posted a return of -20.42%, and Institutional Class: APHDX returned -20.40%, compared to the benchmark return of -15.66% for the MSCI All Country World Index. In addition, please check the fund’s top five holdings to know its best picks in 2022. Artisan Partners discussed stocks like Atlassian Corporation Plc (NASDAQ:TEAM) in the second quarter investor letter. Headquartered in Sydney, Australia, Atlassian Corporation Plc (NASDAQ:TEAM) is a software product development company. On September 23, 2022, Atlassian Corporation Plc (NASDAQ:TEAM) stock closed at $217.56 per share. One-month return of Atlassian Corporation Plc (NASDAQ:TEAM) was -15.36% and its shares lost 47.44% of their value over the last 52 weeks. Atlassian Corporation Plc (NASDAQ:TEAM) has a market capitalization of $55.465 billion. Here is what Artisan Partners specifically said about Atlassian Corporation Plc (NASDAQ:TEAM)  in its Q2 2022 investor letter: “Atlassian Corporation Plc (NASDAQ:TEAM) is a leading provider of innovative, customizable team-collaboration software tools for over 200,000 customers. Despite positive fundamental momentum—the company recently reported 30% revenue growth and 28% trailing twelve months FCF margins—shares traded lower during Q2 as investors rotated out of high-growth stocks with elevated multiples. The company’s highly efficient sales and marketing capability, combined with substantial R&D investment, points to sustained long-term revenue and FCF growth. Meanwhile, we recognize a recession would likely have an impact on Atlassian via slowing growth metrics. However, we believe its low priced, mission critical cloud tools would prove relatively resilient in this scenario. For these reasons and shares trading at a very attractive valuation for a business with highly recurring revenues, strong revenue growth prospects and attractive margins, we added to our position.” Photo by Annie Spratt on Unsplash Atlassian Corporation Plc (NASDAQ:TEAM) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 66 hedge fund portfolios held Atlassian Corporation Plc (NASDAQ:TEAM) at the end of the second quarter which was 65 in the previous quarter. We discussed Atlassian Corporation Plc (NASDAQ:TEAM) in another article and shared the list of tech stocks to buy according to Jim Simons’ Renaissance Technologies. In addition, please check out our hedge fund investor letters Q2 2022 page for more investor letters from hedge funds and other leading investors. Disclosure: None. This article is originally published at Insider Monkey......»»

Category: topSource: insidermonkeySep 28th, 2022

Is American Funds Capital Income Builder A (CAIBX) a Strong Mutual Fund Pick Right Now?

Mutual Fund Report for CAIBX There are plenty of choices in the Mutual Fund Equity Report category, but where should you start your research? Well, one fund that might be worth investigating is American Funds Capital Income Builder A (CAIBX). CAIBX holds a Zacks Mutual Fund Rank of 2 (Buy), which is based on nine forecasting factors like size, cost, and past performance.History of Fund/ManagerAmerican Funds is based in Los Angeles, CA, and is the manager of CAIBX. American Funds Capital Income Builder A made its debut in July of 1987, and since then, CAIBX has accumulated about $64.22 billion in assets, per the most up-to-date date available. The fund is currently managed by a team of investment professionals.PerformanceInvestors naturally seek funds with strong performance. This fund has delivered a 5-year annualized total return of 3.76%, and it sits in the middle third among its category peers. If you're interested in shorter time frames, do not dismiss looking at the fund's 3-year annualized total return of 4.3%, which places it in the top third during this time-frame.When looking at a fund's performance, it is also important to note the standard deviation of the returns. The lower the standard deviation, the less volatility the fund experiences. Over the past three years, CAIBX's standard deviation comes in at 12.43%, compared to the category average of 15.53%. The standard deviation of the fund over the past 5 years is 10.77% compared to the category average of 13.77%. This makes the fund less volatile than its peers over the past half-decade.Risk FactorsInvestors should not forget about beta, an important way to measure a mutual fund's risk compared to the market as a whole. CAIBX has a 5-year beta of 0.56, which means it is likely to be less volatile than the market average. Alpha is an additional metric to take into consideration, since it represents a portfolio's performance on a risk-adjusted basis relative to a benchmark, which in this case, is the S&P 500. The fund has produced a negative alpha over the past 5 years of -3.3, which shows that managers in this portfolio find it difficult to pick securities that generate better-than-benchmark returns.ExpensesFor investors, taking a closer look at cost-related metrics is key, since costs are increasingly important for mutual fund investing. Competition is heating up in this space, and a lower cost product will likely outperform its otherwise identical counterpart, all things being equal. In terms of fees, CAIBX is a load fund. It has an expense ratio of 0.58% compared to the category average of 0.92%. CAIBX is actually cheaper than its peers when you consider factors like cost.Investors should also note that the minimum initial investment for the product is $250 and that each subsequent investment needs to be at $50.Bottom LineOverall, American Funds Capital Income Builder A ( CAIBX ) has a high Zacks Mutual Fund rank, and in conjunction with its comparatively similar performance, average downside risk, and lower fees, this fund looks like a good potential choice for investors right now.For additional information on the Mutual Fund Equity Report area of the mutual fund world, make sure to check out www.zacks.com/funds/mutual-funds. There, you can see more about the ranking process, and dive even deeper into CAIBX too for additional information. For analysis of the rest of your portfolio, make sure to visit Zacks.com for our full suite of tools which will help you investigate all of your stocks and funds in one place. Just Released: Zacks Unveils the Top 5 EV Stocks for 2022 For several months now, electric vehicles have been disrupting the $82 billion automotive industry. And that disruption is only getting bigger thanks to sky-high gas prices. Even titans in the financial industry including George Soros, Jeff Bezos, and Ray Dalio have invested in this unstoppable wave. You don't want to be sitting on your hands while EV stocks break out and climb to new highs. In a new free report, Zacks is revealing the top 5 EV stocks for investors. Next year, don't look back on today wishing you had taken advantage of this opportunity.>>Send me my free report revealing the top 5 EV stocksWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Get Your Free (CAIBX): Fund Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksSep 27th, 2022

Korn Ferry"s CEO says the best résumé he"s ever seen nailed these 6 key elements

Gary Burnison is the CEO of the management-consultancy firm Korn Ferry. He told CNBC about the key elements of one of the best résumés he's ever seen. Gary Burnison, the CEO of Korn Ferry.Anne Cusack/Los Angeles Times via Getty Images Gary Burnison is the CEO of the management-consultancy firm Korn Ferry. He's spent the past 20 years recruiting candidates for the LA-based company. He told CNBC the six keys to one of the best résumés he's seen in his time at the firm. This is an edited, translated version of an article that originally appeared on September 16, 2022.Gary Burnison is the CEO of the management-consultancy firm Korn Ferry. He's been interviewing and hiring candidates for the company for 20 years.Writing for CNBC Make It, he said that despite being tough to impress when it comes to résumés, one, in particular, has stuck in his mind to this day. Burnison shared the six key things that made this résumé stand out as one of the best he'd ever read.1. A strong narrativeThe résumé offered a clearly defined, chronological path through the candidate's career history, Burnison told CNBC.Burnison said a good résumé should start with the most recent professional experience and work backward from there. The résumé should show progression in terms of the candidate's responsibilities and not have any career gaps, he added.2. Well-presented Burnison said that the résumé was two pages long and well-organized. "Line spacing was just right, company names in bold, titles italicized, and job details arranged in bullet points," he said. He added that he likes candidates to use a simple, clear font.3. No clichésBurnison also said that the best résumés avoid clichés and use action verbs instead. He said including vague terms like "excellent communicator," "team player," "creative," or "hard-working" could quickly put off recruiters.As an example, Burnison said: "Instead of 'excellent communicator,' say 'presented at face-to-face client meetings and spoke at college recruiting events."'4. It highlighted achievementsAnother integral reason this résumé stood out was that it provided examples of the candidate's achievements, as well as the duties they had to carry out in their previous roles, Burnison said.Burnison said that hiring managers want to see evidence that candidates have delivered "quantifiable" results and why they're better than the average applicant.He said one way to do that is by highlighting your responsibilities through your best achievements.Burnison shared an example of what this could look like for a candidate: "Instead of 'led marketing and sales team,' say 'supervised marketing and sales team and achieved 15% annual growth vs. 0.5% budget."'5. It was open and honestThe candidate provided a link to a portfolio of their work and their LinkedIn page. Burnision said this left a positive impression as he could easily double-check any claims made in the résumé, which added to the candidate's credibility. Burnison said that honesty is crucial to success, as a reference check will end your chances if you've lied about anything.6. It came with a referralThe candidate included a referral from a colleague from Burnison's firm. The CEO shared that this is "the most effective way to get an employer's attention."While this isn't possible for everyone, even those who don't have a contact at the company should still try and find a way of making an informal introduction to a current employee.This can just be something simple like meeting an employee for coffee, he continued, adding that once you've formed a relationship with someone within the firm, you can start inquiring about job opportunities.Read the original article on Business Insider.....»»

Category: topSource: businessinsiderSep 27th, 2022

Amazon Prime Day 2022: Prime Early Access Sale will take place on October 11 and 12

Amazon's Prime Early Access Sale is October 11-12. It's the second Prime Day deal event in 2022, and it will kick off the holiday shopping season. When you buy through our links, Insider may earn an affiliate commission. Learn more.Here's everything you need to know to prepare for Amazon's biggest sales of the year.Amazon; Insider The Amazon Prime Early Access Sale will take place on October 11 and 12.  The Prime Early Access Sale is the second Amazon Prime Day deal event in 2022.  Amazon's first Prime Day 2022 deal event took place from July 12 to 13 and offered massive sales.  For the first time ever, Amazon will hold a second Prime Day event in 2022. The Prime Early Access Sale will take place on October 11 and 12, kicking off the holiday shopping season. When it comes to hunting for excellent deals, there are few sales bigger than Amazon Prime Day. What once started as a small event to celebrate Prime members has grown into a full-scale shopping holiday with sales updated constantly, ending quickly, and spread out across hundreds of categories. Despite its name, Prime Day is held over two days with 48 hours worth of exclusive discounts and limited-time savings. With thousands of deals, you're bound to find something worth buying — and that's where we come in. With the first Prime Day 2022 in the books, here's everything we know about the Prime Early Access Sale in October, along with tips so you don't miss out on any deals.Related: See Insider's picks for the best credit cards to use on Amazon purchases.Is there a second Amazon Prime Day in 2022?Amazon will be hosting a second Prime Day 2022 event — the Prime Early Access Sale — on Tuesday, October 11 and Wednesday, October 12 to start the holiday shopping season. It is the first time Amazon has ever had two Prime Day deal events in the same year. The Prime Early Access Sale will run for 48 hours and be available in 15 countries: the US, UK, Turkey, Sweden, Spain, Portugal, Poland, the Netherlands, Luxembourg, Italy, Germany, France, China, Canada, and Austria. History of Prime Day datesThe first Amazon Prime Day in 2022 took place on Tuesday, July 12 and Wednesday, July 13. Here's a complete rundown of the history of Prime Day dates: YearDatePrime Early Access Sale 2022Tuesday and Wednesday, October 11-12Prime Day 2022Tuesday and Wednesday, July 12-13Prime Day 2021Monday and Tuesday, June 21-22Prime Day 2020Tuesday and Wednesday, October 13-14 (delayed due to the pandemic)Prime Day 2019Monday and Tuesday, July 15-16Prime Day 2018Monday and Tuesday, July 16-17Prime Day 2017Monday and Tuesday, July 11-12Prime Day 2016Tuesday, July 12Prime Day 2015Wednesday, July 15Is Prime Day only for Prime members?Amazon's Prime Day deals are exclusive to Amazon Prime members. In addition to access to Prime Day, Prime membership includes tons of other perks, most notably free two-day shipping and free access to streaming services like Prime Video, Prime Music, and more. While Amazon Prime costs $15 a month or $139 a year, there is a free 30-day trial for new subscribers. The trial will grant you access to the sale — just remember to cancel your membership after the event.For non-members, there are many competing sales from other retailers to consider. Major retailers like Walmart, Target, and Best Buy offer their own deals during Prime Day. Though these sales aren't as splashy, but they deliver similarly low prices on tech and home goods and don't require a Prime subscription.Is Prime Day worth it?During the two-day annual event, thousands of products are put on sale, and not all of them will pique your interest. Given the number of deals — many of which go up and sell out in an hour or even minutes, the sale can get overwhelming pretty quickly.Prices for Amazon devices like Kindles, Fire TVs, and Echo devices are typically the lowest on Prime Day. Beyond that, you'll find deals across categories like household essentials, beauty products, electronics, and more. All that said, whether or not Prime Day is worth your time ultimately depends on what you're shopping for. There are plenty of deals worth exploring, and the tips below will help you find them.Are Prime Day deals the same both days?Over the 48-hour event, Amazon releases thousands of sales. There are some deals that span both days, but some deals sell out quickly. If you shopped the first day of Prime Day, you can expect a whole new set of fresh deals on the second day. Prime Day is the best time to stock up on Alexa-enabled devices like the Echo Dot.Amazon7 tips for getting the best deals on Prime DayMake no mistake: Amazon Prime Day is a big shopping holiday. And if you want to set yourself up for success, there are a few tips to keep in mind. First, you'll want to bookmark the main Amazon Prime Early Access Sale page. Here's what else you should know to prepare for the two-day event.1. Prepare a wish listBetween the big-ticket sales and limited-time Lightning Deals, Prime Day is chock-full of impulse buys. It's smart to go into Prime Day with at least some idea of what you want to buy (and save on). For making a shopping list, we like Amazon's Wish List feature. You can add all the items you're interested in, and keep track of what you actually want. As an added bonus, you can set up Alexa or the Amazon mobile app to alert you when a deal goes live for any of the items on your list. 2. Price-check everythingOne of the most common Prime Day questions is "how do I know if I'm getting a good deal?" The answer is only if you research the product's price history. For understanding the real value of any deal, we recommend using the free tool CamelCamelCamel, which allows you to track the price history of everything on Amazon. We're also big fans of Keepa, which has a browser extension that actually offers a price history chart directly on each Amazon product page. 3. Take advantage of the Amazon mobile appAmazon's mobile app is a great way to keep track items and set up notifications. The app can send you a push notification 5 minutes before the deals start, which is especially useful if you've set up a wish list (see above). 4. Get deal notifications from AlexaA new feature for this year, Alexa can now alert you to deals and, even make the purchase for you. The smart voice assistant can now alert you when eligible products in your Wish List or shopping cart are on sale. Here's how to set up Alexa to give you deal notifications. Once enabled, you'll see a yellow ring light or a pop-up notification on your Echo device. From there, you can ask Alexa for more details or order the item for you. 5. Get free Amazon creditsEvery year in the leadup to Prime Day, Amazon offers a few ways to get free credits, and this year was no different. For reference, here were all the ways to get free credits to spend on Prime Day:Get $12.50 by spending $50 on Amazon gift cards on Prime Day: During Prime Day, members could get a $12.50 promotional credit when they bought a $50 Amazon gift card purchase. Get $10 by completing the Prime Stampcard: To receive $10, Prime members needed to complete a simple checklist of tasks, from making a Prime-eligible purchase to streaming a video on Prime Video. Get $10 for seeing "Lightyear" and buying merch: You got $5 for purchasing a ticket for the then-newly released "Lightyear" movie, and an additional $5 if you purchased any Lightyear merchandise. Get $5 for seeing "Elvis": Similar to the promotion above, you got $4 if you purchased a ticket to see the "Elvis" movie. Get $2 for visiting the Amazon Affirm hub: It may have been the smallest credit, but it was the easiest to earn. Affirm allowed you to break up your purchases into payments over time — all you needed to do was visit the hub page and scroll down to the bottom. Get $200 Amazon gift card by signing up for the Amazon Rewards Visa Signature Card: You could have received a gift card instantly when your application was approved. While the card normally earns 5% back at Amazon and Whole Foods, it was bumped up to 6% during Prime Day — an exceptionally high rate for any store credit card. 6. Compare prices with other retailersOther big retailers — like Best Buy, Target, Home Depot, and Walmart — typically have their own sales events to compete with Amazon Prime Day. For any purchase you're about to make, you may want to double-check other competing sales to see whether they have it cheaper. 7. Bookmark Insider Reviews' Prime Day coverageThe Insider Reviews team will be working around the clock to scour the Prime Day sale to help you find the best deals. In the past, we've featured up-to-the-minute coverage on the best Prime Day deals, the best Prime Day deals under $25, and the best Prime Day Lightning Deals. Read the original article on Business Insider.....»»

Category: topSource: businessinsiderSep 26th, 2022

67 sweet gift ideas for your girlfriend that span all of her interests

We rounded up 67 thoughtful gifts to give your girlfriend, from keepsake jewelry to helpful tech and fitness accessories. When you buy through our links, Insider may earn an affiliate commission. Learn more.We rounded up 79 thoughtful gifts to give your girlfriend, from keepsake jewelry to helpful tech and fitness accessories.Brightland/SonosGiving gifts as a couple is always a lot of fun. Not only is any gift that comes from you super special, but you also know your girlfriend better than anyone else: What brings them the most joy, what hobbies they want to get into, and which pet peeves they want to tackle. No matter the occasion, it's a safe bet that you'll want to get her something she'll cherish — whatever your budget. We put together a list of over 70 gift ideas to get the ball rolling, from personalized perfume to a cozy weighted blanket.The 79 best gifts for your girlfriend in 2022A card game that's meant to deepen personal connectionsUrban OutfittersWe're Not Really Strangers Card Game, available at Amazon, Target, and Urban Outfitters, from $22.90This card game, from the popular Instagram account We're Not Really Strangers, is designed to enhance connections between people with different levels: perceptions, connection, and reflection. Not only is it a card game you haven't played before, but it's also a thoughtful activity you can enjoy with your girlfriend.A cookbook to inspire movie night dinnersUncommon Goods"Eat What You Watch Cookbook" by Andrea Rea, available at Uncommon Goods and Amazon, from $22.49 Dinner and a movie: a classic pairing. Inspire future date nights with the "Eat What You Watch Cookbook." It has 41 as-seen-on-the-big-screen recipes — think hazelnut gelato from "Roman Holiday" and double-decker New York style pizza inspired by "Saturday Night Fever" that you can prepare together for movie night.A pasta maker you can use togetherWilliams SonomaImperia Pasta Machine, available at Williams Sonoma and Amazon, from $59.99Bring the pasta maker and the fixings to make a delicious meal together. It's relatively easy to get the hang of, and you can enjoy quality time with the bonus of incredible ravioli or fettuccine on the other end of it. A framed keepsake of a favorite memoryFramebridgeFramed photo, available at Framebridge, from $45Gift Card, available at Framebridge, from $25Framebridge makes custom framing a bit more affordable. You can print or paint something on your own and have it framed, or have them print and frame it, and you can take advantage of the team of designers for help deciding what frame to get. A customized map of her favorite placeGrafomapCustom Map Poster, available at Grafomap, from $19Grafomap lets you design custom maps of anywhere in the world — like the first place you met, the best trip you ever took together, or the hometown she couldn't wait to show you. It's unique, thoughtful, and pretty inexpensive.  You can find our full review here.An 8-in-1 pan that helps to declutter your homeOur PlaceAlways Pan, available at Our Place, Anthropologie, and Goop, $145If you're spending more time at home cooking together — or re-organizing the kitchen — she may appreciate a good 8-in-1 cookware hack.The Always Pan from startup Our Place is a frying pan, saute pan, steamer, skillet, saucier, saucepan, non-stick pan, spatula, and spoon rest in the space of a single pan. In other words, a clever generalist that's extremely convenient for small spaces or minimalist cooks. You can read our review here.A small, portable projector to curl up and watch movies withAmazonAnker Nebula Capsule Smart Mini Projector, available at Amazon and Walmart, $299.99This is one of the most portable (and affordable) projectors. It's about the size of a soda can, weighs one pound, and has crisp image quality and 360° sound. Use it at home or bring it with you on your travels. Find a full review of the Anker Nebula Capsule here. An expertly designed plannerAmazonBestSelf Co. Self Journal, available at BestSelf and Amazon, from $31.99 The Self Journal is an undated, 13-week planner that's designed for daily use and quarterly planning. It helps its owner break projects and goals into manageable chunks. We love it.If she's working towards a big goal, this could be a really thoughtful resource — especially if it's the kind of goal you can't help her achieve otherwise.A weighted blanket for better restAmazonYnM Weighted Blanket, available at Amazon, Target, and Walmart, from $49.99Weighted blankets help create more restful sleep by "grounding" the body, and YnM makes some of the most popular and affordable weighted blankets on the internet. There are multiple sizes and weights for the ideal fit and width (they recommend picking whichever is about 10% of your body weight), and the segmented design allows you to move around without displacing all the weighted beads inside. Personalized cartoon couple mugsUncommon GoodsPersonalized Family Mugs, available at Uncommon Goods, from $32These cute mugs can be personalized for what you're like as a couple, making for a special weekend morning coffee routine or just a nice reminder in the kitchen cabinet. On the back, you can add a family name and the year the couple was established if you'd like. A beautiful bouquetUrban StemsFlower Bouquets, available at Urban Stems, from $32Send flowers to her doorstep. We're fans of UrbanStems; Its bouquets are one of the best things we've ever tested. If you're looking for something that won't be gone after a couple of weeks, you'll also find options for potted plants and low-maintenance, decor-friendly dried bouquets.A funny card that pays homage to your girlfriend's favorite TV showEtsySuccession Cousin Greg Birthday Card, available at Etsy, from $4.29You could pick up a card from Walgreens on your way to exchange gifts, but it's so much more thoughtful if you think ahead. For that, we suggest heading to Etsy for affordable, creative, and unique gifts.As Cousin Greg said, "if it is to be said, so it is…"A video message from someone she loves almost as much as youCameoCameo Video Messages, available at Cameo, from $1Whether it's your girlfriend's favorite actor, comedian, or athlete, you're likely to find someone she admires on Cameo. Cameo allows celebrities to send custom video messages to recipients for nearly any occasion, and a personalized video is a gift that she'll never forget. A houseplant that arrives already potted and is easy to care forLeon & GeorgeSilver Evergreen, available at Leon & George, from $149Leon & George is a San Francisco startup that will send beautiful plants — potted in stylish, minimalist pots — to your girlfriend's door. All she has to do is to occasionally add water. Flowers are wonderful, but houseplants have a much longer shelf life, and most of Leon & George's options are very easy to care for. We'd also recommend checking out Bloomscape for small plant trios under $70.  A new waterproof Kindle Paperwhite for reading anywhereAmazonAmazon Kindle Paperwhite, available at Amazon and Target, $139.99If your girlfriend is a reader, we'd suggest looking at Amazon's new Kindle Paperwhite; it's the company's thinnest and lightest yet, with double the storage. Perhaps the best features are that it's waterproof and has a built-in adjustable light for the perfect reading environment indoors or outdoors, day or night. If she loves a nice, relaxing bath, pair this with a caddy, bath bombs, and a glass of wine for a relaxing night in that you've already taken care of.A large print on fine art paper of a favorite memoryArtifact UprisingLarge Format Prints, available at Artifact Uprising, from $19Artifact Uprising makes luxury prints at accessible prices — and they make especially thoughtful gifts that look like they should cost much more. Get one of their favorite photos printed on archival fine art paper for $20 and up, or thoughtful cards for as little as $1.45 per custom card. You can also make a color series photo book for $22, a set of prints for $9, and a personalized calendar on a handcrafted wood clipboard for $30.16 highly-rated sheet masksAmazonDermal Sheet Mask Set, available at Amazon and Walmart, from $22.99Grab 39 sheet masks to make it easier for your girlfriend to have a frequent and well-deserved "treat yourself" day. These are highly rated and have both vitamin E and collagen included for healthy, happy skin.   A high quality scented candle she'll light all the timeNordstromKacey Musgraves and Boy Smells Slow Burn Candle, available at Boy Smells, Nordstrom, and Sephora, $46Kacey Musgrave's collaboration with Boy Smells, a popular emergent candle brand, is woody and dark, with hints of smoked papyrus and amber with ginger and black pepper. We also love Otherland if you're looking for a gift from another on-the-rise startup she may have seen ads for online. For traditional candles, we'd recommend going with Le Labo, Diptyque, and Byredo if they're within your budget. A 215-piece art kit for creative projectsAmazonArt 101 215-Piece Wood Art Set, available at Amazon, Walmart, and Staples, from $36.71If your girlfriend loves to create art, this 215-Piece art kit includes everything she'll need for projects: crayons, colored pencils, oil pastels, fine line markers, watercolor cakes, and acrylic paint.Her favorite specialty food straight from the sourceGoldbelly/InstagramOrder her favorite specialty foods using Goldbelly, from $28Goldbelly makes it possible to satisfy your girlfriend's most specific and nostalgic cravings no matter where they live in the US — a cheesecake from Junior's, deep dish pizza from Lou Malnati, and more. Browse the iconic gifts section for inspiration. A subscription that sends her a six-month world tour of teasAtlas Tea ClubTea Subscription (6 months), available at Atlas Tea Club, $99This subscription sends your girlfriend single-origin teas from the best tea-growing regions in the world for six months. She'll get two delicious options sent to her home each month.A year-long MasterClass membership to learn about things she's passionate aboutMasterClassAnnual Membership, available at MasterClass, from $180/yearWe love MasterClass because it kind of feels like entertainment. Classes are short, there's no homework, and she can listen to just the audio like it's a podcast.The site hosts classes taught by well-known celebrities and industry leaders — from Neil deGrasse Tyson teaching Scientific Thinking and Communication to Malcolm Gladwell on Writing, Shonda Rhimes on Writing for Television, and Bob Iger on Business Strategy and Leadership. You can read our full review here.A mug that keeps hot drinks hot for up to six hours straightHydro FlaskHydro Flask Mug, 12 oz, available at Hydro Flask, REI and Amazon, $27.95This mug is a common desk companion for the Insider Reviews team. The 12-ounce coffee mug has the company's proprietary TempShield insulation that made its water bottles famous. This mug will keep hot drinks hot for up to six hours, and cold drinks cold up to 24 hours. Read our full review of it here.Matching underwear from one of the internet's favorite startupsMeUndiesMatching Underwear, available at MeUndies, $40Get yourself and your girlfriend festive matching underwear — which also happen to be some of the most comfortable pairs we've ever found. MeUndies gives you the options to create your own personalized set — two styles listed for women, two styles listed for men, a mix, and whichever length or cut you and your partner prefer. A tracker for finding cell phones and wallets quicklyAmazonTile Pro, available at Amazon, Target, and Walmart, $34.99When your girlfriend can't find her phone, all she has to do is click the Tile button to make her phone ring, even if it's on silent. We've found them especially useful for travel. A versatile exercise dressOutdoor VoicesOutdoor Voices The Exercise Dress, available at Outdoor Voices and Nordstrom, from $60Given the popularity of the Exercise Dress, we wouldn't be surprised if this was on your girlfriend's wish list. The Exercise Dress is comfortable, versatile, and cute — which has made it a cult-favorite item. If she's a fan of dresses, Outdoor Voices, or clothes she can wear all day long, this may be a good option. A bottle of Glossier perfumeGlossierGlossier You Perfume, available at Glossier, $64 Gift your girl another opportunity to indulge in her personal beauty with this unique perfume. I has notes of pink pepper, woodsy ambrette seeds, and fresh iris — but also produces a scent unique to the wearer, making it the ultimate personal fragrance.Apple AirPods Pro for when she's on the moveCrystal Cox/Business InsiderApple AirPods Pro (2nd Gen) with Charging Case, available at Target, Amazon, and Apple from $239.99We love Apple's AirPods Pro for Apple users. They're no-hassle, work with Apple products, have decent sound and noise cancellation, are water-resistant, have a wireless charging case, and feel more comfortable than standard AirPods. You'll find more wireless earbuds we love here.The best noise-canceling headphonesAmazonSony WH-1000XM4 Headphones, available at Amazon, Best Buy, and Target, from $348If your girlfriend is into music, the best gift is the one that improves her everyday music-listening experience. For that, we recommend our favorite noise-canceling headphones — Sony's WH-1000XM4 — that balance sound quality, noise cancellation, and comfort at a solid price.You can find more good noise-canceling headphone options here.Comfy, high-end sheetsBrooklinenLuxe Hardcore Sheet Bundle, available at Brooklinen, from $245.03Brooklinen is one of our favorite companies, point-blank. We think they make the best high-end sheets at the best price on the market, and most of the Insider Reviews team uses Brooklinen on their own beds.The Luxe Hardcore Sheet Bundle comes in plenty of colors and patterns, and you can mix and match them to suit your taste. Grab a gift card if you want to give her more freedom. If you opt for a sheet bundle, she'll receive a core sheet set (fitted, flat, two pillowcases), duvet cover, and two extra pillowcases in a soft, smooth 480-thread-count weave.A standing desk for a home office upgradeFullyFully Jarvis Bamboo Standing Desk, available at Fully and Amazon, from $483.65If she's working from home, your girlfriend might love a home office upgrade the most. We ranked the Fully Jarvis the best standing desk; it provides the right blend of features and reliable performance. Its customizations for style, height, and accessories make it adaptable to pretty much any need. Delicious sweets from a famous NYC bakeryMilk BarMilk Bar Treats, available at Milk Bar, from $27If your girlfriend has a sweet tooth, send her Milk Bar — the company delivers its iconic and decadent cakes, cookies, and truffles to her doorstep.The internet's favorite olive oilBrightlandAwake Olive Oil, available at Brightland, Nordstrom, and Crate & Barrel, from $36.95Brightland's olive oils make great gifts for cooks and anyone else who loves to entertain. The white bottles protect the EVOO from light damage and look nice displayed on a countertop. Find a full review here. Earrings made with her birthstoneMejuriAmethyst Flat Sphere Studs, available at Mejuri, $148If your girlfriend wears jewelry, birthstone earrings that she can keep forever are a thoughtful, personalized gift she'll wear often.  A subscription to a coffee service that sends coffees specifically for her taste preferencesDriftaway FacebookCoffee Subscription (3-Month), available at Driftaway Coffee, from $54If your girlfriend loves coffee, she'll probably love to try Driftaway. It's a gourmet coffee subscription that gets smarter the longer you use it, remembering your preferences and steering you towards increasingly accurate brews for your specific tastes. The first shipment will be a tasting kit with four coffee profiles, which she'll rate online or in the app to start getting personalized options.A Dutch oven to elevate their bread gameLodgeLodge Enameled Cast Iron Dutch Oven, available at Amazon, Walmart, and Target, from $72.90Did your girlfriend get into baking bread and, miraculously, stay committed to it? If so, a really nice Dutch oven can help elevate her experience. You can get something great for under $100, or you can splurge on a beautiful Le Creuset. Other meaningful upgrades include a cooling rack, according to the famous baker Apollonia Poilâne.The best socks she'll ever wearBombasWomen's Performance Running Ankle Sock 3-Pack, available at Bombas, $49.50Bombas makes the best socks we've ever tried, and they're a gift we find ourselves giving every year to loved ones. They're lightweight, moisture-wicking, and built to circumvent annoyances like uncomfortable seams and heel slipping.A gift card for delicious, healthy meals she can make in about 30 secondsDaily HarvestGift Card, available at Daily Harvest, from $50Daily Harvest is a food startup that makes it possible to eat healthy, delicious meals for less than $10 each even if you only have 30 seconds to spare for prep time. Meals are pre-portioned, delicious, and designed by both a chef and a nutritionist to make sure they're tasty and good for you. It addressed most of my healthy eating roadblocks. A stylish, savvy carry-on with an external battery packAwayThe Carry-On, available at Away, from $275Away's hyper-popular suitcases deserve their hype. Their hard shell is lightweight but durable, their 360° spinner wheels make for seamless traveling, and the external (and ejectable and TSA-compliant) battery pack included can charge a smartphone five times over so she never has to sit behind a trash can at the airport for access to an outlet again. It's also guaranteed for life by Away. Find our full review here.The Dyson Airwrap she's seen all over the internetBest BuyDyson Airwrap Complete Styler, available at Best Buy, Dyson, and Amazon, from $579.99The Dyson Airwrap is a minor internet celebrity — so it might already be on your girlfriend's wish list. It replaces three hair devices (blow dryer, straightener, and curling iron) and uses a technology similar to jet engines. In the end, it's a way to get a salon-grade blowout at home, and different attachments let her achieve different styles. Find a Dyson Airwrap review with photos here.But, the cost is a whopping $549, and there are some decent alternatives on the market for far less ($30-$150). If you're looking for a less splashy gift, the Dyson Hair Dryer is also excellent. A gift card to a popular wine subscription clubWincGift Card, available at Winc, from $50Winc is a personalized wine club — and we think it's the best one you can belong to overall. Members take a wine palate profile quiz and then choose from the personalized wine suggestions. Each bottle has extensive tasting notes and serving recommendations online, and makes it easy to discover similar bottles. Gift her a Winc gift card, and she can take a wine palate profile quiz and get started with her own customized suggestions. A pair of beautiful pearl earrings she'll own for years to comeStone and StrandElliptical Pearl Huggies, available at Stone and Strand, $250Pearls are timeless, but they're also one of the jewelry trends we're keeping an eye on in 2022. This pair, from the women-led startup Stone and Strand, is made with 14K gold with freshwater pearls.A monogrammed jewelry case from a minimalist fashion startupCuyanaLeather Jewelry Case, available at Cuyana, $98 (+ $15 for monogram)Keeping track of tiny and delicate jewelry is difficult — but jewelry cases are a pretty and useful solution. This is a thoughtful and personalized gift, especially if you've gotten your girlfriend jewelry in the past, or plan to in the future. It's made from premium leather, comes in many colors, and can be monogrammed with her initials. Cuyana is a cool leather bag startup she may have already heard of. The best bathrobe money can buyParachuteClassic Turkish Cotton Robe, available at Parachute, $109We think the Parachute Classic Turkish Cotton Robe is the best robe on the market. It's soft, fluffy, and absorbent like a towel. It's also got nice deep pockets and a secure waist tie.A pair of blue-light-blocking glasses that look good enough to wear outside of the houseFelix GrayFaraday Glasses, available at Felix Gray, from $95If she's ever complained about strain from constant screens, you can help mitigate it with a pair of blue-light-blocking glasses. They might even help with sleep.The comfiest sneakersAllbirdsWomen's Wool Runners, available at Allbirds, $110The classic Wool Runners make a great gift for the uninitiated, though we'd also highly recommend the brand's casual cup sole Wool Piper for everyday wear if that's more your partner's style. You can find our full review of the Runners here, and the Wool Pipers here.Fancy popcorn for a movie nightAmazonAmish Country Popcorn Gift Set, available at Amazon, $21.99Pop some popcorn, stock up on your girlfriend's favorite movie candy and some fun drinks ahead of time (wrap them for an extra wow-factor), and create your own in-house cinema experience. This set comes with six different types of popcorn, so you can make an experience out of trying each kind together. A powerful portable speakerAmazonSonos Move, available at Best Buy, Target, and Sonos, from $399The Sonos Move is one of the best speakers on the market. It's powerful, can be controlled by voice or an app, and has Amazon Alexa built-in so on WiFi you can play music, check the news, set alarms, get your questions answered, and more, without much effort.A satin-lined beanieAndrea Bossi/InsiderSatin-Lined Beanie, available at Kink & Coil, $33.46Most people with naturally curly hair avoid wearing hats to reduce frizz, but Kink and Coil's satin-lined beanie solves that issue. Just like a silk pillowcase or a bonnet, the inside of the beanie is designed to protect your hair from frizz and damage. On top of that, the pom-pom can be removed, if she'd prefer to wear the hat without it.We spoke with a trichologist to learn more about how satin- and silk-lined beanies can benefit anyone with curly or high-porosity hair. A planned trip for the two of you to take togetherAirbnbAirbnb Gift Card, available at Airbnb, from $25If you want to gift an experience you and your girlfriend can enjoy together, grab a card, a gift card to Airbnb, and come up with a few location ideas to choose from. You can also book a hotel in your city on Booking.com or Expedia for a sweet staycation.A stylish leather makeup pouch that's thoughtful and easy to travel withDagne DoverHunter Toiletry Bag, available at Dagne Dover, from $45Dagne Dover is quickly becoming one of the best women's handbag companies to know, and its toiletry pouches are a great and relatively affordable gift. The small size holds a handful of go-to toiletries, and the large should have enough space for all of the grooming essentials.A delicate, timeless diamond necklaceAurateDiamond Bezel Necklace, available at Aurate, $320This is something your girlfriend will wear and own forever. A delicate diamond necklace is an essential piece and will (probably) never go out of style. This option is from one of our favorite startups, AUrate — an ethical fine jewelry startup founded by two women from the Netherlands and Morocco, respectively. A vintage-style crochet scarfUncommon GoodsGranny Square Crochet Scarf, available at Uncommon Goods, $78 This classic, square-shaped accessory brings back everything we remember from Granny's house. Each handmade cube features a detailed star pattern in shades of ivory, brown, and green — complete with yarn tassels to complement any look.The cult-favorite hair repair conditioner on her wish listAmazonOlaplex No. 3 Hair Repairing Treatment, available at Amazon, Ulta, and Sephora, $30This is one gift that will have your girlfriend asking you, "how did you know about this?" If Olaplex isn't already in her shower, it might be on her wish list. The Olaplex No. 3 is good for any hair type and is meant to reduce breakage and strengthen hair from within.Silky, breathable leggingsEverlanePerform Leggings, available at Everlane, $68Everlane's Perform Leggings are some of our all-time favorites — they're breathable and silky, like a slightly less expensive version of Alo leggings. You can read a full review of the Everlane Perform Leggings and see pictures of them here.A cashmere crew from Everlane that she'll own foreverEverlaneThe Cashmere Crew, available at Everlane, $145For a closet staple she'll own for years to come, Everlane's $120 Cashmere Crew (available in various colors) is about the safest choice you can make. Everlane has plenty of great gifts (you can find the Everlane basics we wear repeatedly here), so you can't really go wrong. A comfy zip-up for the months aheadPatagoniaPatagonia Women's Better Sweater, available at Patagonia, REI, and Dick's Sporting Goods, $149Patagonia makes our favorite athleisure options overall, and that definitely includes the Better Sweater. It works in pretty much any environment — in the office, at home, on a hike, or on a casual night out — and has zippered pockets to keep hands warm in the cold months. We're also big fans of the 1/4 Zip option.A sleek fitness tracker that includes heart rate monitoringFitbitFitbit Inspire 2, available at Best Buy, Amazon, and Walmart, from $62.25Fitbit's affordable Inspire 2 tracker has no shortage of useful features to keep someone informed about their physical activity — tracking calorie burn, resting heart rate, and heart rate zones.A stylish weekender to keep her organized on the goCaraa SportStudio Tote, available at Caraa, $248Caraa Sport makes some of the most functional and best-looking gym bags on the market. This one can transition from tote to backpack by adding straps. It also has a hidden shoe compartment and a waterproof and antimicrobial lining. You can read our full review of this bag here.A pass to get into a bunch of boutique fitness classesClasspassClassPass Gift Card, available at ClassPass, from $5Boutique fitness classes are expensive, which can make trying new workouts — either for variety or to figure out what we like — less appealing. ClassPass solves both issues. It's relatively affordable, and members can access a neverending catalog of great workouts with small class sizes. If your partner is getting back into fitness after over a year of at-home workouts, we'd highly recommend a gift card here for whenever they're ready to use it.A new pair of comfy BirkenstocksNordstromBirkenstocks, available at Nordstrom, Birkenstock, and Zappos, from $110If your girlfriend wears the unbelievably comfortable Birkenstocks most days, she might appreciate a new, unblemished pair. They're also in style. A small skincare tool that removes 99.5% of dirt, oil, and makeup residueAmazonForeo Luna Play Plus 2, available at Foreo, Ulta, and Amazon, from $49In the category of things your girlfriend may love but hasn't asked for yet: Foreo facial brushes. Our team swears by these gentle yet effective cleansing devices. They have hygienic silicone bristles and come in five different models for different skin types. The Luna is small enough to bring on the go, so your partner can maintain their skincare routine while traveling. A cult-favorite hair towel that reduces damage and cuts drying time by 50%AquisAquis Rapid Dry Lisse Hair Towel, available at Amazon, Anthropologie, and Bergdorf Goodman, from $29.99Aquis' cult-favorite hair towels can cut the amount of time it takes for her hair to dry in half — a claim we're happy to report holds up. The proprietary fabric also means there's less damage to wet hair while it dries. An award-winning at-home facialSephoraDrunk Elephant T.L.C. Sukari Babyfacial, available at Sephora, Ulta, and Amazon, from $64.94This is an award-winning mask with a big following in the beauty and skincare community. It's $80, but it's an at-home pro-quality facial your girlfriend can use anytime — which is a fraction of the price required for regular facials.A subscription to a book club that sends her great hardcovers once per monthBook of the Month/Instagram3-Month Subscription, available at Book of the Month, $49.99If she's a bookworm, Book of the Month is an especially thoughtful and unique gift — it's a book club that has been around since 1926, and it's credited with discovering some of the most beloved books of all time ("Gone with the Wind" and "Catcher in the Rye" to name a couple). If you gift her a subscription, she'll receive a hardcover book delivered to her door once a month. Books are selected by a team of experts and celebrity guest judges.If she's really more into audiobooks or e-reading now rather than hardcovers, check out a gift subscription to Scribd (full review here).A high-tech towel that keeps her from slipping around during yoga classesMandukaManduka Yogitoes Yoga Mat Towel, available at Amazon, Manduka, and Dick's Sporting Goods, from $48.84Manduka is known for making the best yoga products, and their Yogitoes towel is one of the most loved. It has tiny 100% silicone nubs on one side that grab yoga mats and keep yogis from slipping around during the exercise. Having a good towel can make a big difference. It also comes in 19 great colors and gets eco-friendly points. Each Yogitoes towel is made from eight recycled plastic water bottles, and made with dyes free of azo, lead, or heavy metal. A great foam rollerTB12Vibrating Pliability Roller, available at TB12, $160If your girlfriend is very physically active, a foam roller is a nice gift to aid in her workout recovery and soreness. This one is our favorite because it has four levels of vibration, a pattern that targets muscle groups, and a durable exterior. But, if your budget doesn't fit a $160 foam roller, never fear — we like some under-$50 options too. Read the original article on Business Insider.....»»

Category: topSource: businessinsiderSep 26th, 2022

Photos show the tragic mass stranding event the killed a super pod of 200 whales in Australia

Experts suspect that the super pod of pilot whales chased its squid prey into the shallow waters at Macquarie Heads in Tasmania and became trapped. Tasmania state wildlife services personnel check the carcasses of pilot whales after they were found beached the previous day on Macquarie Heads on the west coast of Tasmania, on September 23, 2022.GLENN NICHOLLS/AFP via Getty Images 200 long-finned pilot whales have now died in the mass stranding event.  Experts suspect that the super pod chased their squid prey into shallow waters and become trapped. The episode comes two years after 380 pilot whales were stranded and died in the same harbor area.  Two pilot whales died in Australia on Friday after becoming stranded on the west coast of Tasmania, bringing the total deaths to 200. Two hundred and thirty have stranded themselves at the Macquarie Heads in Tasmania, but some have been refloated and sent back into the ocean but most have died, according to AP.It is currently unclear why so many whales are stranded in the same place. Pilot whales usually live in family pods of about 30 individuals, let by a dominant female, but sometimes coalesce into super pods, many hundreds-strong, according to The Guardian.Carcasses of pilot whales line the west coast of Tasmania, on September 23, 2022.GLENN NICHOLLS/AFP via Getty ImagesSpeaking to ABC, Kris Carlyon from the Department of Natural Resources and Environment Tasmania suggested that they may have followed prey too close to the shoreline. Tasmania state wildlife services personnel check the carcasses of pilot whales on September 23, 2022.GLENN NICHOLLS/AFP via Getty Images"These guys do feed on squid. That could have brought them to the shore. That will be part of the post-mortem investigation."We'll be looking at stomach contents, what these animals have been feeding on in the last few days. That may offer up some additional clues," Carlyon said.Current priorities lie with removing and disposing of the 25-foot-long carcasses weighing more than 4,000 pounds, the Department of Natural Resources and Environment Tasmania Incident Controller Brendon Clark said,  per AP. Carcasses of pilot whales line the west coast of Tasmania, on September 23, 2022.GLENN NICHOLLS/AFP via Getty ImagesThat would likely include towing the whales into deep waters, ensuring they are far enough that they don't wash back to shore. Clark said over 50 government staff and volunteers have been working on the rescue operation. Rescuers release a stranded pilot whale back in the ocean at Macquarie Heads, on the west coast of Tasmania on September 22, 2022. - About 200 pilot whales have perished after stranding themselves on an exposed, surf-swept beach on the rugged west coast of Tasmania.GLENN NICHOLLS/AFP via Getty ImagesThis event comes just two years after the largest mass whale stranding happened in the same harbor. In 2020, almost 500 pilot whales washed up on Tasmania's western coast, killing 380.The entrance to the harbor is a notoriously shallow and dangerous channel known as Hell's Gate, said AP.The largest ever recorded whale mass stranding was in 1918, when approximately 1,000 pilot whales came ashore on the Chatham Islands in the Pacific Ocean.Read the original article on Business Insider.....»»

Category: worldSource: nytSep 25th, 2022

Goldman Sachs insiders are concerned about CEO David Solomon"s push to build his personal brand

Goldman Sachs insiders are baffled by the amount of focus CEO David Solomon puts into his hobby and his use of private jets to promote his DJ work. Hi, I'm Matt Turner, the editor in chief of business at Insider. Welcome back to Insider Weekly, a roundup of some of our top stories. On the agenda today:Goldman Sachs insiders are concerned about CEO David Solomon's push to build his personal brand.Wall Street's biggest investors fear an economic nightmare is coming. They may be right.Some companies are posting "ghost jobs" but don't actually plan to hire you — or anyone.Amazon has created a new team to help address concerns raised by frustrated engineers. But first: This week, Insider launched its inaugural Climate Action 30, a prestigious list of leaders working toward climate solutions. Lily Katzman, an associate editor on our Special Projects team, gives us a behind-the-scenes look at the project. If this was forwarded to you, sign up here.  Download Insider's app here.Meet 30 global leaders tackling the climate crisis InsiderWhen we say climate heroes, the usual suspects — think Greta Thunberg and Al Gore — come to mind. While they're certainly doing notable work, we wanted to shift attention to others who are making important contributions to tackling the climate crisis, associate editor Lily Katzman writes. That's where Insider's Climate Action 30 comes into play.Our inaugural list of 30 top global leaders features activists, influencers, scientists, execs, entrepreneurs, and public-sector and nonprofit leaders, among others, who are working to address the climate crisis. Here's what the project includes:30 unique write-ups describing each finalist's work and why it's important.30 calls to action from each finalist to tell global leaders — and our readers — what they should do, stop doing, or understand to drive change. Original (and stunning) photography commissioned by our team of photographers.While we won't spoil it all, finalists include government leaders like Francia Márquez, the first Black vice president of Colombia; entrepreneurs like Jan Wurzbacher, who founded a company that removes carbon dioxide from the atmosphere and stores it in the ground; and activists like Autumn Peltier, who advocates for clean drinking water in Indigenous communities. Check out the full project here. Goldman Sachs insiders fume about CEO's personal brandDavid Solomon, aka DJ D-Sol.ReutersDavid Solomon, Goldman Sachs' CEO, moonlights as an electronic-music DJ, playing high-profile gigs like the Lollapalooza music festival and Tomorrowland, a Belgian music festival. Solomon has been working on the side hustle for years. But some insiders are baffled by the amount of time and attention he's committed to his hobby and his use of private jets to promote his DJ work. Some say they're worried Solomon is putting his own interests ahead of the firm's.Here's what else insiders told us. Plus, check out:Inside billionaire Josh Harris' final years at Apollo, where former employees said his personal investments caused tensionsAn economic nightmare could be loomingMaremagnum/Getty, Tyler Le/InsiderWall Street can't shake a nightmare about the US economy. Some of the market's biggest investors are worried there will be no hard or soft landing for the economy. Instead, we'll just get stuck: Inflation comes down a bit from its scalding-hot level, but stays persistently higher; the Federal Reserve keeps hiking interest rates, but can't get a handle on prices. And Americans will end up with uncomfortably high interest rates, higher unemployment, and higher prices.What happens if our economy gets stuck.Also read:The Fed just confirmed that its self-induced 'growth recession' could put more than a million Americans out of workBeware: That's not a real job openingEmployers are posting ghost jobs, never to be filled.ShutterstockIn today's remarkably tight labor market, a new trend is puzzling applicants: While many employers can't find enough workers, some qualified candidates are applying to open jobs and aren't hearing anything back.The phenomenon is raising questions about whether a company's job postings are reflective of actual open positions, or if they're "ghost jobs" — listings that employers are no longer actively hiring or recruiting for. Everything to know about "ghost jobs."Amazon is trying to fix its crumbling engineering cultureKara Swisher, left, and Andy Jassy, Amazon's president and CEO, onstage during Vox Media's 2022 Code Conference.Jerod Harris/Getty Images for Vox MediaFollowing developers' complaints about a slowing engineering culture, Amazon has created a new team called "Amazon Software Builder Experience," leaked documents show. Amazon formed the group earlier this year with the goal of turning the internet giant into "Earth's best employer for software builders." Since launching, ASBX has grown to more than 400 employees, working on code automation, improved developer tools, and enhanced tutorials and safety infrastructure.Inside the Amazon Software Builder Experience group. For more on Amazon:Leaked email reveals that Amazon is walking back employees' raises after an internal bug miscalculated their compensationThis week's quote:"That's $30,000 a year you could be putting into a retirement fund."Andrew Lokenauth, who said he was paying $30,000 in taxes annually before moving to Tampa, Florida. He's one of several high earners who shared what happened after moving to states with no or low taxes. More of this week's top reads:Toxic managers are creating a burnout crisis. There's a thriving underground market for used Amazon seller accounts. A woman who makes $7,000 a month on TaskRabbit shares her tips for success. Tech headhunters are flocking to laid-off Snap employees. Two creators share how much they earn through an online course teaching people how to repair their own RVs.Meet Dylan Field, the 30-year-old college dropout who built Figma.Josh Harris, the owner of the 76ers and Devils, upset Apollo insiders with the time he spent on personal investments.Event invite: Many small-business owners may think they can't invest in talent acquisition. But innovative talent strategies may be their superpower. Join us Tuesday, September 27, at noon ET for an editorial boot camp, in partnership with Indeed, covering how small businesses are developing these strategies. Sign up here.Plus: Stay up to date with the latest business news throughout your weekdays by checking out The Refresh from Insider, a dynamic audio news brief from the Insider newsroom. Listen here tomorrow.Curated by Matt Turner. Edited by Jordan Parker Erb and Lisa Ryan. Sign up for more Insider newsletters here.Read the original article on Business Insider.....»»

Category: topSource: businessinsiderSep 25th, 2022

An airport truck driver says she has to fill in as cabin cleaner and gets 7 minutes to clean a plane. It shows how a crippling staff shortage is taking its toll on US airport workers.

A cabin cleaner at Logan airport said it can take 45 minutes to clean a plane, but airlines sometimes ask his team to finish the job in 10 minutes. A worker at Boston Logan International Airport.David L. Ryan/Getty Images Some airport workers told Insider they felt the pressure this summer amid the travel chaos. One trash-truck driver said she had to fill in as a cabin cleaner because of the staff shortage. A cleaner at Logan airport said airlines sometimes ask his team to clean a plane in 10 minutes. Airport staff working behind the scenes say the travel chaos this summer has put them under pressure to work harder and fill in for other jobs.After letting workers go during the COVID-19 pandemic, the airline industry has struggled to handle the strong travel demand with a depleted workforce. The situation has left passengers stranded, forced crews to time out, and led to many flight delays and cancellations.It's also taken a toll on airport workers across the US. Truck drivers, wheelchair helpers, and cleaners in airports have all said the disruption this summer has been the worst it's ever been.Lashonda Barber, a trash-trucker driver who works for ground services company Jetstream at Charlotte Douglas International Airport in North Carolina, told Insider that she takes heavy garbage bags off at least 30 aircraft — sometimes more — every day. Flight delays mean planes arrive at similar times, forcing employees like Barber to work back-to-back.Barber said she has to remove around nine trash bags from planes with the help of another employee in 10 to 15 minutes. Her team has halved in size this summer to three workers after two quit and one was promoted, she said.Due to staffing issues, Barber is occasionally asked to step in as a cabin cleaner after she's removed trash from the plane. She said the airline gives her on average just seven minutes to clean the seats and toilets, check compartments, and dispose of garbage."That's not enough time to actually clean what they want you to clean," she said, referring to the airlines.This summer has been the worst because there aren't enough staff to do the job, Barber said. On top of this, she believes being paid $18.50 an hour isn't sufficient. She joined the Airport Workers United union, which represents 35,000 airport workers at 22 US airports, to demand pay raises. A representative from the union confirmed to Insider the wages of the workers who were interviewed and said it was about what someone in that role would be paid.Frantz Genisca is a cabin cleaner at Boston Logan International Airport in Massachusetts who works for aviation services company Swissport and is paid $18 an hour — around $4 above the state's minimum wage of $14.25 an hour.He told Insider it can take at least 30 minutes to clean a plane, but airlines have asked his team to finish the job in 10 minutes, which wasn't enough time to clean the whole aircraft properly."The airplanes have been arriving with a lot of trash and are often very, very dirty," Genisca said.He added that he once left some trash on the plane because he didn't have enough time, but got into trouble for it.The labor shortage this summer has posed issues for his team. When the planes arrive at the same time, there's a lot more work to do and one person ends up doing a job that four people should be doing, he said.Staffing issues have also been evident at Dallas Fort-Worth Airport in Texas, according to Larry Allen, a wheelchair agent for a Delta Air Lines contractor. He told Insider many older airport workers retired during the pandemic.At 69 years old, he earns $10 an hour with tips by pushing people in wheelchairs around the airport — from the gate all the way to the plane. The minimum wage in Texas is $7.25 an hour. Allen said he makes around 10 trips in a working day.Allen said the hardest thing about the job is pushing 250- to 300-pound people up a steep hill. He hustles for the tips by putting on a smile and being nice, he said."Minimum that they give you is $5, and if you do a really excellent job, you might make more, you might get $20," Allen said. "It's still not enough."A Delta spokesperson told Insider the airline has a "strong track record" of offering compensation and benefits to staff. Delta requires its vendors to also provide "fair and competitive compensation and maintain a proper working environment".Jetstream and Swissport didn't immediately respond to Insider's request for comment.Read the original article on Business Insider.....»»

Category: topSource: businessinsiderSep 25th, 2022

Madison Funds Views Air Products and Chemicals (APD) as Well-Positioned for Double-Digit Growth

Madison Funds, managed by Madison Asset Management, LLC, released its “Madison Diversified Income Fund” second quarter 2022 investor letter. A copy of the same can be downloaded here. The fund returned -8.51% during the second quarter, outperforming its blended benchmark return of -10.45%. The S&P 500 Index returned -16.10%, while the ICE BofA US Corp. Govt. & […] Madison Funds, managed by Madison Asset Management, LLC, released its “Madison Diversified Income Fund” second quarter 2022 investor letter. A copy of the same can be downloaded here. The fund returned -8.51% during the second quarter, outperforming its blended benchmark return of -10.45%. The S&P 500 Index returned -16.10%, while the ICE BofA US Corp. Govt. & Mtg Index returned -4.62%. In addition, you can check the top 5 holdings of the fund to learn about its best picks in 2022. Madison Funds discussed stocks like Air Products and Chemicals, Inc. (NYSE:APD) in the second quarter investor letter. Headquartered in Allentown, Pennsylvania, Air Products and Chemicals, Inc. (NYSE:APD) is a supplier of gases and chemicals for industrial uses. On September 21, 2022, Air Products and Chemicals, Inc. (NYSE:APD) stock closed at $241.46 per share. One-month return of Air Products and Chemicals, Inc. (NYSE:APD) was -8.09% and its shares lost 6.39% of their value over the last 52 weeks. Air Products and Chemicals, Inc. (NYSE:APD) has a market capitalization of $53.556 billion. Here is what Madison Funds specifically said about Air Products and Chemicals, Inc. (NYSE:APD) in its Q2 2022 investor letter: “This quarter we are highlighting Air Products and Chemicals, Inc. (NYSE:APD) as a relative yield example in the Materials sector. APD is a leading global industrial gas supply company and is the largest supplier of hydrogen and helium in the world. It has a sustainable competitive advantage due to long-term customer relationships and contracts, high customer switching costs, and the missioncritical nature of its products. Industrial gases are a relatively small fraction of customers’ overall costs but are crucial to ensure uninterrupted production. Our thesis on APD is that it appears well-positioned for consistent double-digit growth due to a large multi-year capital allocation plan, and the need for accelerating capital expenditures by its customers. It has a $25 billion backlog driven by traditional gas investments along with new growth opportunities like gasification, green hydrogen, and carbon capture. APD’s gasification technologies help improve energy efficiency and independence, which is a key focus for its customers. The company also has a strong management team with a record of expanding margins and exemplary capital allocation. The fund purchased APD in June 2022 at $260. At the time of purchase, APD had a dividend yield of 2.6% and a relative dividend yield of 1.6x the S&P 500, which was near the high end of its historical range. The chart below shows the long-term dividend yield and relative dividend yield of the stock. The company has an A-rated balance sheet by Standard & Poor’s and is a Dividend Aristocrat that has raised its annual dividend 40 years in a row. Over the past five years, APD has increased its dividend an average of 11.5% per year. We expect similar dividend increases in the future which would help grow income and protect against the impact of inflation…” (Click here to read full text) Copyright: mikkolem / 123RF Stock Photo Air Products And Chemicals, Inc. (NYSE:APD) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 33 hedge fund portfolios held Air Products and Chemicals, Inc. (NYSE:APD) at the end of the first quarter which was 39 in the previous quarter. We discussed Air Products and Chemicals, Inc. (NYSE:APD) in another article and shared ClearBridge Investments’ views on the company. In addition, please check out our hedge fund investor letters Q2 2022 page for more investor letters from hedge funds and other leading investors. Disclosure: None. This article is originally published at Insider Monkey......»»

Category: topSource: insidermonkeySep 23rd, 2022

Is AQR Large Cap Defensive Style N (AUENX) a Strong Mutual Fund Pick Right Now?

Mutual Fund Report for AUENX Having trouble finding a Mutual Fund Equity Report fund? AQR Large Cap Defensive Style N (AUENX) is a potential starting point. AUENX bears a Zacks Mutual Fund Rank of 2 (Buy), which is based on nine forecasting factors like size, cost, and past performance.History of Fund/ManagerAQR Funds is based in Denver, CO, and is the manager of AUENX. Since AQR Large Cap Defensive Style N made its debut in July of 2012, AUENX has garnered more than $389.66 million in assets. A team of investment professionals is the fund's current manager.PerformanceOf course, investors look for strong performance in funds. This fund in particular has delivered a 5-year annualized total return of 10.1%, and is in the middle third among its category peers. If you're interested in shorter time frames, do not dismiss looking at the fund's 3-year annualized total return of 7.52%, which places it in the bottom third during this time-frame.When looking at a fund's performance, it is also important to note the standard deviation of the returns. The lower the standard deviation, the less volatility the fund experiences. AUENX's standard deviation over the past three years is 17.39% compared to the category average of 16.89%. Looking at the past 5 years, the fund's standard deviation is 15.39% compared to the category average of 15.1%. This makes the fund more volatile than its peers over the past half-decade.Risk FactorsInvestors should not forget about beta, an important way to measure a mutual fund's risk compared to the market as a whole. AUENX has a 5-year beta of 0.85, which means it is likely to be less volatile than the market average. Alpha is an additional metric to take into consideration, since it represents a portfolio's performance on a risk-adjusted basis relative to a benchmark, which in this case, is the S&P 500. Over the past 5 years, the fund has a negative alpha of -0.17. This means that managers in this portfolio find it difficult to pick securities that generate better-than-benchmark returns.HoldingsExploring the equity holdings of a mutual fund is also a valuable exercise. This can show us how the manager is applying their stated methodology, as well as if there are any inherent biases in their approach. For this particular fund, the focus is principally on equities that are traded in the United States.This fund is currently holding about 94.02% stock in stocks, with an average market capitalization of $154.46 billion. The fund has the heaviest exposure to the following market sectors: Non-Durable Finance Technology Industrial Cyclical With turnover at about 22%, this fund is making fewer trades than the average comparable fund.ExpensesFor investors, taking a closer look at cost-related metrics is key, since costs are increasingly important for mutual fund investing. Competition is heating up in this space, and a lower cost product will likely outperform its otherwise identical counterpart, all things being equal. In terms of fees, AUENX is a no load fund. It has an expense ratio of 0.65% compared to the category average of 0.92%. From a cost perspective, AUENX is actually cheaper than its peers.While the minimum initial investment for the product is $1 million, investors should also note that there is no minimum for each subsequent investment.Bottom LineOverall, AQR Large Cap Defensive Style N ( AUENX ) has a high Zacks Mutual Fund rank, and in conjunction with its comparatively similar performance, average downside risk, and lower fees, AQR Large Cap Defensive Style N ( AUENX ) looks like a great potential choice for investors right now.Don't stop here for your research on Mutual Fund Equity Report funds. We also have plenty more on our site in order to help you find the best possible fund for your portfolio. Make sure to check out www.zacks.com/funds/mutual-funds for more information about the world of funds, and feel free to compare AUENX to its peers as well for additional information. If you are more of a stock investor, make sure to also check out our Zacks Rank, and our full suite of tools we have available for novice and professional investors alike. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Get Your Free (AUENX): Fund Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksSep 23rd, 2022

Is Franklin Mutual Shares Z (MUTHX) a Strong Mutual Fund Pick Right Now?

Mutual Fund Report for MUTHX Having trouble finding a Mutual Fund Equity Report fund? Well, Franklin Mutual Shares Z (MUTHX) would not be a good potential starting point right now. MUTHX bears a Zacks Mutual Fund Rank of 5 (Strong Sell), which is based on nine forecasting factors like size, cost, and past performance.History of Fund/ManagerFranklin is based in San Mateo, CA, and is the manager of MUTHX. Since Franklin Mutual Shares Z made its debut in October of 1949, MUTHX has garnered more than $3.88 billion in assets. A team of investment professionals is the fund's current manager.PerformanceOf course, investors look for strong performance in funds. This fund in particular has delivered a 5-year annualized total return of 3.72%, and is in the bottom third among its category peers. If you're interested in shorter time frames, do not dismiss looking at the fund's 3-year annualized total return of 4.32%, which places it in the bottom third during this time-frame.When looking at a fund's performance, it is also important to note the standard deviation of the returns. The lower the standard deviation, the less volatility the fund experiences. MUTHX's standard deviation over the past three years is 19.77% compared to the category average of 16.31%. Looking at the past 5 years, the fund's standard deviation is 17.28% compared to the category average of 14.47%. This makes the fund more volatile than its peers over the past half-decade.Risk FactorsInvestors should not forget about beta, an important way to measure a mutual fund's risk compared to the market as a whole. MUTHX has a 5-year beta of 0.88, which means it is likely to be less volatile than the market average. Alpha is an additional metric to take into consideration, since it represents a portfolio's performance on a risk-adjusted basis relative to a benchmark, which in this case, is the S&P 500. Over the past 5 years, the fund has a negative alpha of -6.05. This means that managers in this portfolio find it difficult to pick securities that generate better-than-benchmark returns.HoldingsExploring the equity holdings of a mutual fund is also a valuable exercise. This can show us how the manager is applying their stated methodology, as well as if there are any inherent biases in their approach. For this particular fund, the focus is principally on equities that are traded in the United States.This fund is currently holding about 88.96% stock in stocks, with an average market capitalization of $75.42 billion. The fund has the heaviest exposure to the following market sectors: Finance Technology Non-Durable With turnover at about 69.94%, this fund is making fewer trades than the average comparable fund.ExpensesFor investors, taking a closer look at cost-related metrics is key, since costs are increasingly important for mutual fund investing. Competition is heating up in this space, and a lower cost product will likely outperform its otherwise identical counterpart, all things being equal. In terms of fees, MUTHX is a no load fund. It has an expense ratio of 0.78% compared to the category average of 1.09%. From a cost perspective, MUTHX is actually cheaper than its peers.While the minimum initial investment for the product is $1,000, investors should also note that there is no minimum for each subsequent investment.Bottom LineOverall, Franklin Mutual Shares Z ( MUTHX ) has a low Zacks Mutual Fund rank, and in conjunction with its comparatively weak performance, average downside risk, and lower fees, Franklin Mutual Shares Z ( MUTHX ) looks like a somewhat weak choice for investors right now.Don't stop here for your research on Mutual Fund Equity Report funds. We also have plenty more on our site in order to help you find the best possible fund for your portfolio. Make sure to check out www.zacks.com/funds/mutual-funds for more information about the world of funds, and feel free to compare MUTHX to its peers as well for additional information. If you are more of a stock investor, make sure to also check out our Zacks Rank, and our full suite of tools we have available for novice and professional investors alike. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Get Your Free (MUTHX): Fund Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksSep 23rd, 2022

60 gifts teens will actually love to receive, from bluetooth speakers to platform Chucks everyone is wearing

The best gifts for teens are ones they'll actually want to use, like tech gadgets, beauty products, and cool accessories. Here are 60 unique gifts. When you buy through our links, Insider may earn an affiliate commission. Learn more.Best Buy; SmokoWe feel you — teenagers are notoriously hard to shop for. But that's all the more reason to give them a gift that shows how much you really care. Their teen years can be fickle and picky, but believe us when we can that they appreciate a thoughtful gift more than they'll probably let on.We've rounded up 60 well-rounded gifts to make your search a little bit easier, with a little something for every model of teen and tween. A music subscription, clean beauty options, and vintage-esque steals? They name it, we've got it!The 60 best gifts for teens in 2022:A hilariously meme-able party gameAmazonWhat Do You Meme Game, available at Amazon and Walmart, $29.99Meme lovers and board gamers unite for this hilarious What Do You Meme adult party game. Seating three to 20 players, this 435-card deck turns the kitchen table into a battleground for who can create the funniest memes. You can always add an expansion pack for fresh laughs!An adorably vintage sweaterUrban OutfittersUrban Renewal Vintage Printed Cropped Sweater, available at Urban Outfitters, $45 This Gen Z-approved sweater by Urban Renewal combines endless top trends into one timeless piece. Cropped, patterned, and sourced from some of the best vintage styles from around the world, each sweater is original and worn to perfection. No two styles are exactly alike, making this sweater their very own.An Apple Music subscriptionBest BuyApple Music Subscription, available at Apple, $9.99 monthly after a 1-month free trialAs far as we're concerned, most teenagers communicate best through music. A subscription to Apple Music is a beat that keeps on playing, serving up over 90 million songs, 30,000 playlists, and live radio. Psst…you can upgrade to a multi-user jam sesh for just $5 more a month.A trendy corduroy tote bagAmazonCorduroy Tote Bag, available at Amazon, $10.99 Lightweight, casual, and made of soft, durable corduroy, this endlessly wearable tote is perfect for school books or day trip essentials. Bonus points: It also features cotton lining, an extra two-pocket design, and whimsical messaging on the front.A vial of Good Chemistry perfumeAmazonGood Chemistry Sugar Berry Perfume, available at Target and Amazon, $26.99For teens refining their sense of style, a signature scent is never a bad idea. This Sugar Berry Eau De Parfum contains a skin-loving formula with naturally-derived ingredients — and NO  phthalates, parabens, propylene glycol, or dyes. With irresistible notes of freesia, raspberry, and vanilla, they've got the perfect combo of happy and sweet.A pair of ultra-popular platform sneakersConverseConverse Run Star Hike Platform, available at Converse, Nordstrom, and Foot Locker, $110Everyone is rocking these fashion-forward, reimagined versions of classic Chucks. Endlessly wearable and timelessly designed, you can choose from classic neutrals and snazzy patterns, or customize them for a more personal touch.A wearable throw blanketBed Bath & BeyondUGG Avery Hooded Throw Blanket, available at Bed Bath & Beyond, $29.99What's better than a gift that's fun and comfortable? This UGG hooded blanket is a perfect addition to movie night, a cozy evening at home, or after-school relaxation. Featuring a soft flannel exterior and faux Sherpa texture, this throw comes in six different colors for optimal coziness.A heatless curling rod headbandAmazonCORATED Heatless Curling Rod Headband, available at Amazon, $9.99This heatless curling rod is perfect for beauty gurus to-be. As seen on TikTok, this sleep-in, satin-covered curler is a healthier way to curl with no heat and no damage. Just clip, braid, and tie off dry hair for bouncy curls with zero expense.This exclusive Harry Potter-themed eyeshadow paletteColourPopBack to Hogwarts Pressed Powder Palette, available at ColourPop and Ulta, $30ColourPop's most requested collab is here, with Harry Potter-themed makeup storming the internet. For die-hard HP fans, we recommend the Back To Hogwarts shadow palette. It holds 24 spellbinding shades inspired by their fave characters in matte, pressed glitter, metallic, and more!A tie dye kit they can use for a fun at-home activityAmazonTulip One-Step Tie Dye Kit, available at Amazon, $14.50They can revitalize white clothes and spend a few hours having fun doing something creative, whether solo or with family or friends. This kit has enough materials for up to 30 projects, so no white fabric will be left untouched!This one-step hair dryer brushElana Rubin/InsiderRevlon Salon One-Step Hair Dryer and Volumizer Hot Air Brush, available at Target, Amazon, and Ulta, from $32.49Who doesn't love a one-step tool that feels luxurious? This popular round brush acts as a hairdryer while they brush, giving their hair volume without much finesse or time. You can find a full review of the Revlon One-Step here. An Apple AirTag to keep track of their belongingsLisa Eadicicco/InsiderApple AirTag, available at Target, Apple, and Amazon, from $28.99The teenager in your life can attach this tag to their backpack, wallet, keys, or any other easily lost item and find it easily with the Find My app whenever they've misplaced it. Using the app, they can opt for the tag to play a sound until they've found their keys sandwiched between couch cushions or their wallet in the pantry.A board game that feels like a video gameAmazonCephalofair Games Gloomhaven Board Game, available at Amazon, $181.23This collaborative board game (good for one to four players) is sort of like Dungeons & Dragons, Magic the Gathering, and other cult-favorite fantasy adventure games that forces its players to contend with monsters and mercenaries, explore a new world, and discover treasure and fame. Players make tactical decisions, and the game unfolds in reaction to their choices. Disposable cameras to help them stay in the momentAmazonFujifilm Instax Mini 9 Instant Camera, available at Amazon, Walmart, and Barnes & Noble, from $69.95Funsaver One Time Use Film Camera (2-pack), available at Amazon, $39.99Disposable cameras are popular right now, partly because of the nostalgic aesthetic of a polaroid and partly because of their simplicity. Spending so much time immersed in technology — and combatting the temptation to retake and edit photos in real-time — keep us from staying present.Disposable film cameras or polaroids help preserve memories without adding to their screen time. Plus, they give them cute photos to decorate their room with!Glossier's fan-favorite productsGlossierBoy Brow + Balm Dotcom + Futuredew Set, available at Glossier, $44No-makeup makeup is in right now and, if your teen is into beauty products, they may appreciate a gift from Glossier. The brand features the "natural and glowy" products that Olivia Rodrigo says she wears in her Vogue beauty diary.We'd recommend a gift card or a pack like the Boy Brow + Balm Dotcom + Futuredew pack, which covers three of its fan-favorite products.A great bookAmazon"Ready Player One" by Ernest Cline, available at Amazon and Bookshop, from $11Books are an incredible gift if your teen is a reader. It can translate into hours of enjoyment at a minimum and, at its best, a favorite story that follows them well into adulthood.Plus, if you've read the book, it can also mean great conversations about it or movie adaptations to watch together. It's also a gift where money doesn't really matter; you can find a great read for $20 and spending more won't make much difference.Some book suggestions:"All the Bright Places," a popular YA book on TikTok"Scythe," a bestselling dystopian YA book similar to "The Hunger Games"The best young adult books, according to a teenagerThe best young adult romance booksThe best young people's literature of 2021 according to the National Book AwardsThe best books we read in our 20sAn eco-conscious tie-dye beanieFree The EarthParks Project Beanie, available at Free People, from $40These unisex tie-dye beanies come in cool colors and with a unique plant logo. (To date, the Parks Project has reportedly contributed over $2,000,000 to help fund vital projects in national parks around the US).Ribbed beanies are big right now, à la the popular Carhartt beanie. If they've got that staple covered, the Parks Project also has tube socks. A splashproof, portable Bluetooth speaker perfect for outdoor tripsAmazonUltimate Ears Wonderboom 2, available at Amazon, Target, and Best Buy, from $99.98This rugged, compact speaker can go with them anywhere. It's waterproof, has an "outdoor boost" button specifically for listening outside, is "drop-proof," and boasts a 13-hour battery life.A plush toy that they can heat upSmokoTayto Potato Mini Toasty Heatable Plushie, available at Smoko, $10Whenever they need some cozy comfort, they can heat up this cute animal-shaped heating pad for a snuggle.A portable phone chargerAmazonElecjet Powerpie Portable Charger, available at Amazon, $69.99This handheld charger can charge up your teen's smartphone or various devices like an iPad or small laptop so they can stay in touch, turn their paper in on time, or just never have to stress about 5% battery life.Sheet masks to go with a Netflix marathonAmazonTONYMOLY I'm Real Sheet Masks (10 pack), available at Amazon and Revolve, from $24There are few things my 15-year-old sister loves more than oversized hoodies, Boba, and an endless supply of sheet masks. Grab a pack, throw them on, and make a night out of it with your teen's favorite candy and TV show.A pair of trendy, easy-to-use AirPodsAppleApple AirPods Pro (2nd Gen) with Charging Case, available at Target, Amazon, and Apple from $239.99If you're after the title of their favorite relative of the year, here's a good place to start. AirPods are both easy to use and functional as well as trendy. A Boba-shaped AirPods Pro caseSmokoBoba Tea AirPods Pro Case, available at Smoko, $16Part of my 15-year-old sister's ideal trifecta is Boba, but you can pick up a cute, fun AirPods case no matter what their interest is — Baby Yoda, gaming, Boba, or whatever else. A Bluetooth water bottle speakerGrommetAsobu Bluetooth Water Bottle Speaker, available at Amazon and Walmart, from $39.99This Bluetooth water bottle speaker offers a boost of hydration and fun for everyone. The water-resistant speaker resides at the top, ensuring greater sound quality that lasts 6-10 hours. It's the perfect accessory for them to bring to every hang-out session. A slim leather walletAmazonBellroy Slim Sleeve Leather Wallet, available at Amazon and Bellroy, $79This thin wallet is a subtle nudge toward minimalism, something many teens appreciate. The Bellroy Slim Sleeve wallet offers room for up to eight cards and a pocket to stash cash. It comes in a variety of colors and features environmentally certified leather.An eco-friendly phone casePelaPela Phone Case, available at Amazon and Pela, from $19.99Pela offers a wide variety of biodegradable cases for iPhone and Android, all made from plant-based polymers. Pela cases are rugged enough to offer drop protection, and if a phone has both a Pela case and screen protector but still cracks, Pela will cover the bill to get it fixed.A comfortable and sustainable Patagonia pullover they'll wear all the timePatagoniaPatagonia Men's Lightweight Synchilla Snap-T Pullover, available at Patagonia, REI, and Dick's Sporting Goods, $129Patagonia Women's Better Sweater 1/4-Zip Fleece, available at Patagonia, REI, and Dick's Sporting Goods, from $76.99A Patagonia sweater is a particularly good gift for teens who are interested in sustainability. The company has been turning plastic bottles into polyester for its clothing since 1993 and continues to do so today.Its Snap-T pullover is the unofficial uniform of the cozy adventurer. It and the Better Sweater are long-held favorites, and both are comfortable classics that they'll no doubt come to rely on heavily during colder weather.A gift card for stylish new glassesWarby ParkerGift Card, available at Warby Parker, from $50Teens are a notoriously picky bunch, so you can never go wrong with a gift card. If they're in the market for new glasses or sunglasses, we recommend Warby Parker because of its versatility, size flexibility, and free at-home try-on program. An Amazon Echo Dot for hands-free calls, alarms, music, updates on the weather, and moreAmazonEcho Dot (4th gen), available at Best Buy, Amazon, and Target, $49.99The Amazon Echo Dot is the most popular Amazon device for a reason — it's compact and has all the capabilities of Alexa (weather updates, recipes, music, news) without any of the bulk. A smartphone-sized travel photo printerTargetHP Sprocket 200 Photo Printer, available at Amazon and B&H Photo, $79.99This tiny, compact device prints photos with sticker backing on ZINK film with Zero Ink technology. It connects to devices via Bluetooth, and multiple devices can connect at once (personalized LED lights indicate who is currently printing). String lights with clips for photosAmazon/Business InsiderRoom Essentials Photo Clip LED String Lights, available at Target, $10Perfect for creating the archetypal teen room that's most often seen in Netflix movies and old Taylor Swift music videos, the photo clip string lights combine warm light and Polaroids (or other memorabilia). A trendy Champion sweatshirtUrban OutfittersChampion Reverse Weave Fleece Crew Neck Sweatshirt, available at Urban Outfitters and Champion, from $38Like Fila, Champion is a brand that's had a resurgence as of late. If you want to get them something they'll end up wearing all the time, this is a good candidate. A great video game"The Legend of Zelda: Skyward Sword HD" / Nintendo"The Legend of Zelda: Skyward Sword HD" for the Nintendo Switch, available at Amazon, Walmart, and GameStop, from $40.73If they're into video games, all other gifts may pale in comparison to a really good new one. Check out "Hades," "NBA 2K22," and "The Legend of Zelda: Skyward Sword HD."A vinyl record membershipVinyl Me, PleaseGift Membership, available at Vinyl Me, Please, from $119There's no greater joy than adding to a record collection or playing a new album for the first time. Your recipient gets to choose from three different types of tracks each month and will also receive extra goodies in each package. They'll also get one bonus record as part of the three-month gift membership. A gentle facial cleansing device that removes 98.5% of dirt and makeupFOREOLuna 3 Facial Cleansing Device, available at Foreo and Amazon, $219FOREO's cult-favorite Luna 3 cleansing device gently and effectively cleans with thin, antimicrobial silicone touch-points, and it removes 98.5% of dirt and makeup residue without irritating the skin. Plus, it's 100% waterproof and the battery life lasts for months per charge.Find a full review on the previous generation Luna 2 from a female reporter and a male reporter here.Comfortable lounge pants that look put-togetherMeUndiesMen's The Lounge Pant, available at MeUndies, $68Women's Lounge Pant, Women, available at MeUndies, $68MeUndies is a popular LA startup that makes some of the most comfortable underwear we've ever tried. Their lounge pants, however, are the real hidden gem — perfect for lounging around on weekend mornings or heading to the dining hall when they get to college (yep, they'll last that long) while still looking sleek.A subscription to a famous book club that sends them great hardcovers each monthBook of the Month/Instagram3-Month Gift Subscription, available at Book of the Month, $49.99If your teen is a bookworm, Book of the Month is an especially cool gift. It's a book club that has been around since 1926, and it's credited with discovering some of the most beloved books of all time (like "Gone with the Wind" and "Catcher in the Rye" to name a couple).If you gift them a subscription, they'll receive a hardcover book delivered once a month. Books are selected by a team of experts and celebrity guest judges.If they're really more into audiobooks or e-reading now rather than hardcovers, check out a gift subscription to Scribd (full review here).An Apple Watch that combines their smartphone with a fitness trackerAmazonApple Watch SE GPS, 40mm, available at Apple, Amazon, and Walmart, from $249If you have a little extra to spend on your teen, consider getting them a smartwatch. The Apple Watch SE is like a smartphone, fitness tracker, and music player all in one. Just like on their phone, they can customize the watch to show their favorite apps to pick, including social media.A cute iPhone caseSociety6Coffee Reading iPhone Case, available at Society6, $21.25This fun iPhone case is funny and unique, and most of their friends probably won't have the exact same one. Reusable strawsAmazonHiware Reusable Silicone Straws (10-pack), available at Amazon, $7.99Help teens do their part to keep single-use plastics out of trash bins, landfills, and the ocean by giving them this pack of reusable silicone drinking straws. They come in various colors and include a few cleaning brushes as well.A set of velvet retro-inspired scrunchiesAmazon/Business InsiderHair Scrunchie Variety Pack, available at Target and Bed Bath & Beyond, from $6.99Another trendy gift is as many scrunchies as you can carry. This pack comes with 12 options in enough colors to work with virtually any outfit or mood. A multicolor mini cinema light boxUrban OutfittersMulticolor Cinema Light Box, available at Uncommon Goods, from $20These trendy lightboxes are inspired by cinema marquees, and they come with 100 letters and symbols for personal messages. This one also has color-changing LED lights for further customization.Fun and useful PopSockets for the back of their phoneAmazon/Business InsiderPopGrips, available at PopSockets and Amazon, from $6PopSockets have become their own cultural phenomenon in recent years, and they're surprisingly useful. Get your teen one for their own phone or tablet, and depending on their age, you may find it's the gift they're most excited about. It doesn't hurt that there's free domestic shipping on orders over $20, or that you can actually design your own.A waterproof e-reader with a no-glare screenAmazonAmazon Kindle Paperwhite, available at Amazon and Target, $139.99Amazon's Kindle Paperwhite is its thinnest, lightest version. It also has double the storage, a built-in light that adjusts to accommodate reading indoors or outdoors, and is waterproof for reading anywhere, including the beach or bath. Plus, a single battery charge lasts weeks rather than hours.Cool backpacks from a popular startup with a charitable missionSTATE Bags/FacebookState bags and accessories, from $38State bags are increasingly popular thanks to their versatile, laid-back aesthetic and characteristically bright nylon colorways. They're also known as #GiveBackPack(s), because for every State bag purchased, State hand-delivers a backpack — packed with essential tools for success — to a local child in need. The Lorimer and Bedford are two of the company's best sellers.A three-month subscription of beauty productsBirchBoxMonthly Subscription, available at BirchBox, $15Teens are usually among the most interested in the latest and greatest beauty or grooming products — but may lack the funds to try all the full-sized versions. Birchbox sends samples of new and beloved products once a month, so they can test out new finds and discover products they may want to buy a full size of in the future. (It's also just fun to get an ongoing gift.)Personalized NikesNikeCustomizable Nikes, available at Nike, from $120Nike makes great stuff, but it's nice to get the benefits of a great shoe without forsaking what makes something unique. You can customize a pair of Nikes for them, or give them a gift card so they can get creative making something one-of-a-kind on their own.A great Alexa-enabled speaker they can control by voiceSonosSonos One Smart Speaker, available at Sonos, Best Buy, and Amazon, from $219The new Sonos One smart speaker fills any room with clear, rich sound, and they can use Alexa to play and control their music without ever lifting a finger. Find a full review here.A cult-favorite hair towel that reduces damage and cuts drying time by 50%Aquis/Business InsiderAquis Rapid Dry Hair Towel, available at Amazon, Walmart, and Target, from $20.49Aquis' cult-favorite hair towels can cut the amount of time it takes your hair to dry in half — a claim we're happy to report holds up. The proprietary fabric also means there's less damage to wet hair while it dries. If they've ever complained about frizzy hair, this and a silk pillowcase are thoughtful gifts they'll actually use. A Disney+ subscription for access to classic movies and moreDisney PlusGift Subscription, available at Disney Plus, $79.99/yearDisney Plus is the new Disney-centric streaming service. The platform includes Disney, Pixar, Marvel, Star Wars, National Geographic, and 20th Century Fox. You can gift a whole year of access for $80, which is something their entire family can benefit from.If you'd rather test Disney Plus out before buying, you can sign up for a free weeklong trial.A suitcase with an ejectable battery that can charge their devices on the goAwayThe Carry-On, available at Away, from $275Travel startup Away makes a great carry-on with an ejectable battery that can charge devices on the go, 360-degree wheels, and a lightweight build that travels easily. In other words, it takes a lot of the angst out of travel and may make family trips far more enjoyable and stress-free.Durable sunglasses that look good, tooAmazonSmith Optics Lowdown2, available at Smith Optics and Backcountry, from $109Who better to make a pair of durable, performance-based sunglasses than the company known for innovating the ski goggle? The Lowdown2 features bio-based materials for the frame, ChromaPop lens technology which creates high contrast and vibrant colors, and an anti-reflective, smudge-resistant coating.Plus, the brand offers peace of mind with free shipping, 30-day returns, and a lifetime warranty.Comfortable, high-quality sheets that come in lots of colors and patternsBrooklinenLuxe Hardcore Sheet Bundle, available at Brooklinen and Amazon, from $245.03We think Brooklinen makes the best high-end sheets at the best price on the market, and most of the Insider Reviews team uses Brooklinen on their own beds. It's perfect for lazy Saturday mornings or the rare occasion sleeping in is encouraged.The Luxe Hardcore Sheet Bundle comes in 15 colors and patterns that range from classic to fun, and you can mix and match them to suit their preferences. Grab a gift card (delivered digitally) if you want to give them more freedom.Fidget ballsSpeks2.5mm Magnet Balls, available at Speks, $34.95Made from rare earth magnets, these tiny balls can be molded into an infinite number of shapes and designs. The size of Speks balls makes them ideal for teens to keep with them for those unpredictable moments of nervousness that fill teenage years.A pack of smart plugs so they can control devices from a distanceAmazon/Business InsiderTP-Link Kasa WiFi Smart Plug, 2-Pack, available at Best Buy, $24.99Whether they're wondering if they turned off their hot iron or just don't want to get up to turn off the TV, a smart plug lets them control devices from a distance. You can connect to them using any smart device.A Time-Turner clock that actually spinsHarry PotterHarry Potter Time-Turner Clock, available at Pottery Barn Teen, $89It may not be able to take them back in time or help them be in two places at once, but this Time-Turner clock will keep them on top of their schedule. It even has a functional hourglass on the back so they can time their study breaks. A toothbrush with a timerAmazonOral-B Pro 1000 Electric Toothbrush, available at Amazon and Oral-B, from $49.94 Rigorous dental hygiene isn't usually on the top of the list of things teens care about, which is all the more reason a rechargeable toothbrush with a timer is a fantastic gift. This rechargeable brush breaks up 300% more plaque on the gum line than traditional brushing and lets them know when two minutes have passed.Compact hand sanitizer sprayTouchlandTouchland Power Mist Hand Sanitizer, available at Touchland and Sephora, $9It's in the car, the house, and their pocket these days, but many hand sanitizers smell a little like household cleaners. Touchland comes in scents like Vanilla Cinnamon and Forrest Berry, or even unscented for the teen who likes to keep it simple.The compact sanitizer features 67% alcohol for killing germs but balances it with soothing aloe vera and essential oils to hydrate the skin. A lottery card that donates to charitiesLottoLove/Business InsiderScratch Off Card, available at LottoLove, from $5When you gift this lottery card, you're actually giving the gift of charity. When you "win big," you're winning a charitable prize that gets donated to nonprofits in one of four categories: Clean water, solar light, nutritious meals, or literacy tools. To date, LottoLove and its partners have impacted lives in over 70 countries.Gift cards for concert tickets, food, and clothesChipotleYou can't go wrong with money for their favorite things, especially for teens who are relying upon part-time jobs to fund their frequent Chipotle meals and concert trips with friends. Check out more gift card ideas here.Everything: Visa Gift Card / Amazon Gift CardCoffee and food: Starbucks Gift Card / Chipotle Gift CardEntertainment and live events: Netflix Gift Card / Xbox Gift Card / Hulu Gift Card / StubHub gift cardMusic: Spotify Gift CardSheets: Brooklinen Gift CardGroceries and food: Whole Foods Gift Card / Chipotle Gift CardClothes: Nordstrom Gift Card / Everlane Gift CardTech: Best Buy Gift CardRead the original article on Business Insider.....»»

Category: topSource: businessinsiderSep 22nd, 2022