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Sunday, March 1, 2020

Business News, Updates

Business News, Updates

NBC's Chuck Todd pressed Mike Pence to 'name some names' of Democrats pushing 'irresponsible' coronavirus claims

Posted: 01 Mar 2020 10:19 AM PST

mike penceERIC BARADAT/AFP via Getty Images

  • Vice President Mike Pence was pressed on NBC's "Meet the Press" to back up some of his claims that Democrats were floating "irresponsible rhetoric" about the coronavirus outbreak. 
  • Host Chuck Todd called up examples of conservative like Rush Limbaugh and Donald Trump Jr. who have floated unsubstantiated claims of the virus being politically weaponized against President Donald Trump. 
  • "Name some names, sir, because this just feels like gaslighting," Todd said of Pence's broad claims against "Democrats." 
  • Visit Business Insider's homepage for more stories.

NBC host Chuck Todd pressed Vice President Mike Pence on his previous comments dismissing "irresponsible rhetoric" he said Democrats made about the coronavirus outbreak. 

On NBC's "Meet the Press" Sunday, Todd picked out statements from come of the president's allies, including Donald Trump Jr. and Rush Limbaugh, who has made unsubstantiated comments like claiming the virus is a "common cold" being weaponized by President Donald Trump's critics. 

See the rest of the story at Business Insider

NOW WATCH: A law professor weighs in on how Trump could beat impeachment

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The Future of Fintech: AI & Blockchain

Posted: 01 Mar 2020 10:01 AM PST

Sweeping global regulations, the growing penetration of digital devices, and a slew of investor interest are catapulting the fintech industry to new highs.

Of the many emerging technologies poised to transform financial services, two of the most promising and mature are artificial intelligence (AI) and blockchain.

74% of banking executives believe AI will transform their industry completely, and 46% of global financial services employees expect blockchain to improve transparency and data management.

See the rest of the story at Business Insider

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Nike closed its worldwide headquarters in Oregon for deep-cleaning after the 1st US coronavirus death

Posted: 01 Mar 2020 09:46 AM PST

FILE PHOTO: The logo of Nike is seen in a storefront in Sao Paulo, Brazil, May 28, 2015. REUTERS/Paulo Whitaker/File Photo Reuters

  • Nike announced Sunday it would temporarily close its world headquarters in Beaverton, Oregon out of an "abundance of caution." 
  • There has just been one confirmed case of COVID-19 in Oregon — a worker at an elementary school in Lake Oswego.
  • The CDC confirmed Saturday the first US death from the coronavirus, in neighboring Washington state.
  • Visit Business Insider's homepage for more stories.

Nike announced Sunday it temporarily closed its corporate headquarters in Beaverton, Oregon in order to deep clean the campus following the first US death from COVID-19 the day prior. 

"While we have no information indicating any exposure to Nike employees, out of an abundance of caution, we are conducting a deep cleaning of campus," a Nike spokesperson told KGW, the Portland, Oregon, NBC-affiliated station. "All WHQ buildings and facilities, including fitness centers, will be closed over the weekend."

See the rest of the story at Business Insider

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THE EVOLUTION OF THE US NEOBANK MARKET: Why the US digital-only banking space may finally be poised for the spotlight (GS, JPM)

Posted: 01 Mar 2020 09:30 AM PST

NeoBank Infographics 3x4Business Insider Intelligence

What is a neobank? Total Funding for Major European and US NeobanksBusiness Insider Intelligence

Neobanks, digital-only banks that aren't saddled by traditional banking technology and costly networks of physical branches, have been working to redefine retail banking in major markets around the world.

Top neobanks in the US & EU

The top neobanks in the US and EU include:

See the rest of the story at Business Insider

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SEE ALSO: Latest fintech industry trends, technologies and research from our ecosystem report

I survived swine flu as a teenager and it taught me one crucial lesson about life during an epidemic: Don't panic

Posted: 01 Mar 2020 09:25 AM PST

Caroline HroncichCaroline Hroncich

  • I was diagnosed with swine flu during the 2009 pandemic, which killed 12,469 people in the US and between 151,700 and 575,400 people worldwide, according to the CDC.
  • The swine flu generated a similar level of panic to what we're seeing with the coronavirus today, and as with swine flu, the conversation about the new coronavirus outbreak often focuses on fatalities.
  • But it's important to think realistically about the risks an illness poses. For example, the chances you will get the coronavirus in the US are still low.
  • Visit Business Insider's homepage for more stories.

"You have swine flu" were words that in 2009 would have struck fear into pretty much any American.

I was diagnosed with the illness as a 16-year-old high-school sophomore in June of that year.

See the rest of the story at Business Insider

NOW WATCH: Pathologists debunk 13 coronavirus myths

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15 mistakes by public health officials and ordinary people that helped spread the coronavirus around the world

Posted: 01 Mar 2020 09:25 AM PST

coronavirus thailandGetty Images

  • Since the coronavirus first emerged from Wuhan, China in December 2019, it has spread to more than 50 countries and infected thousands of people.
  • Cruise ships, hotels, and individuals have been put into quarantine in an effort to contain the virus.
  • However, several times and in several countries the official containment measures have been breached.
  • Given the rapid spread of the virus, it is hard to know which mistakes are inconsequential, and which could lead to many more infections.
  • Visit Business Insider's homepage for more stories.

This week the coronavirus started to spread rapidly outside of China, ravaging markets and establishing itself as a global threat.

At the time of writing, more than 83,000 people have been infected in at least 51 countries. At least 2,800 people have died from the illness, mostly in China. Experts say we are on the brink of a pandemic. (For the latest numbers, see Business Insider's live updates here.)

Various companies, governments, and health authorities have put into place sweeping measures to stop the virus spreading, like bans on travel, quarantines, or canceling events.

However — such measures rely on strictly following protocols. Whether through complacency, miscommunication, or incompetence, that has not always happened.

Here are a list of times something slipped through the net.

A disclaimer: Much is still unknown about the virus and exactly how it spreads. A single breach could lead to millions of extra infections, or zero. Many scientists think containment — even if perfectly executed — is ultimately futile.

The outbreak began in December 2019, and at first scientists did not realize what a disaster the new disease would be. During this period, Chinese officials discouraged "rumors" of a new virus, and punished a doctor who tried to spread word of it.

AP Photo

Source: CNN

The doctor, Li Wenliang, later died fighting the outbreak in Wuhan.

Associated Press

Chinese social media was filled with outpourings of grief and anger after Li's death, with many posts featuring the hashtag "We want freedom of speech", according to Business Insider's Sinéad Baker.

Complacency more broadly was a problem. Officials in Wuhan were slow to realise the severity of the outbreak, which came ahead of a travel rush at Lunar New Year. By the time the city was put on lockdown, many cases had been recorded elsewhere in China.

Feature China/Barcroft Media via Getty Images

As it became clear how serious the outbreak was, China's central government fired officials in Wuhan and took the unusual step of publicly admitting its mistake.

The admission came from the Politburo Standing Committee, the most powerful body of the Chinese Communist Party, Business Insider's Lauren Frias reported.

In an official record of the meeting, published by Xinhua news agency, the committee said that the epidemic had exposed problems in its emergency management, which it promised to improve.

Source: Business Insider

See the rest of the story at Business Insider

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SEE ALSO: See inside Zhengzhou, the Chinese city shut down by the coronavirus where the world's largest iPhone factory is trying to attract workers with $1,000 bonuses

American Express employees strong-armed small businesses to boost sales, according to former customers and employees

Posted: 01 Mar 2020 09:04 AM PST

american expressMatt Winkelmeyer/Getty Images for American Express

  • American Express employees misled and coerced scores of small-business owners into signing up for cards, according to a Wall Street Journal report.
  • Former and current employees said that AmEx employees sometimes conducted credit checks and issued cards without customers' consent. 
  • American Express cards are often recommended for small business owners looking for travel benefits or high-points returns. 
  • Visit Business Insider's homepage for more stories.

American Express employees misled and coerced scores of small-business owners into signing up for cards, according to a new report from The Wall Street Journal.

Employees reportedly checked customers' credit scores against their wishes, "misrepresented" the fees and rewards associated with the cards, and sometimes issued cards that customers didn't ask for, according to more than a dozen current and former employees across sales, customer service, and compliance who spoke to the Journal.

See the rest of the story at Business Insider

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DON'T MISS: Banking & Payments for Gen Z Report: The winning strategies for attracting the next big opportunity — Generation Z

Get the latest news, data, highlights, and analysis from the Business Insider Intelligence research team - FREE

Posted: 01 Mar 2020 09:00 AM PST

The 'retirement savings waterfall' explains where your money should go to build the most wealth

Posted: 01 Mar 2020 08:45 AM PST

retirement savingsMorsa Images/Getty Images

  • It can be hard to figure out where to put the money you save for retirement when there are multiple types of accounts you can open.
  • The "retirement savings waterfall" can help you prioritize, by explaining where your money should go first, and then where any extra money should go.
  • First, take advantage of any employer match you might have on a 401(k). Then, max out an IRA, and circle back to max out your 401(k) if you still want to save more.
  • If you're set on saving as much as possible, you might want to look at a brokerage account to supplement your retirement savings.
  • Read more personal finance coverage »

No matter where you are in your financial journey, it's always important to plan for the future. You only have one chance at saving for retirement before you reach your golden years, so it's a good idea to plan ahead before it's too late.

Know you should start saving or save more, but don't know what to do with additional savings? Enter the "retirement savings waterfall." For most retirement savers, this is the order you should follow when deciding where to send your next retirement dollar.

See the rest of the story at Business Insider

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A woman who studied 600 millionaires discovered that most of the superrich have surprisingly affordable homes. Here's what some of those look like.

Posted: 01 Mar 2020 08:45 AM PST

tony hseih airstream trailerMelia Robinson/Business Insider

The key to building wealth? Living in a home you can easily afford.

That's according to Sarah Stanley Fallaw, the director of research for the Affluent Market Institute. She's an author of "The Next Millionaire Next Door: Enduring Strategies for Building Wealth," in which she surveyed more than 600 millionaires in America.

She found that no factor plays as big a role in accumulating money as where you choose to live. Most of the millionaires she studied had never purchased a home that cost more than triple their annual income. Even some high-profile, ultra-rich people — from Mark Zuckerberg to Serena Williams — have purchased homes well below their means.

To compile the list below, we compared each person's net worth with the cost of their homes. We didn't have the data to determine their net worth at the time of purchase, so we adjusted the house purchase price for inflation using an inflation calculator to compare that with their net worth today.

For example, the billionaire investor Warren Buffett bought his home in 1958 for $31,500. Adjusted for inflation, that's equivalent to $274,357 in today's dollars, or just 0.0003% of his $82.1 billion net worth.

Everyone on this list owns a home that cost less than 5% of their net worth.

Sarah Stanley Fallaw, the director of research for the Affluent Market Institute, studied more than 600 millionaires for her book, "The Next Millionaire Next Door: Enduring Strategies for Building Wealth."

Courtesy of Amazon

Source: "The Next Millionaire Next Door"

She found that your neighborhood plays a huge role in how much you save and spend.

xavierarnau/Getty Images

Source: "The Next Millionaire Next Door"

If you live in a pricey home in an affluent neighborhood, you're more likely to mirror your neighbor's consumption habits and less likely to accumulate wealth over time.

Lars Niki/Stringe/rGetty Images

Source: "The Next Millionaire Next Door"

See the rest of the story at Business Insider

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SEE ALSO: A woman who studied 600 millionaires discovered where you choose to live has 2 effects on your ability to build wealth

DON'T MISS: Inside the lives of surprisingly frugal millionaires and billionaires, from businessmen like Warren Buffett and Richard Branson to A-list celebs like Jay Leno and Jennifer Lawrence

CPAC 2020 was all about worshiping Trump, hating socialism, and feeling victimized by media and the left

Posted: 01 Mar 2020 08:29 AM PST

 SeCPAC 2020 attendees

  • The Conservative Political Action Conference (CPAC) was once a place of vigorous debate among right of center intellectuals. This year, however, philosophical diversity was almost non-existent.
  • Heretics like Mitt Romney were slammed at every opportunity, and uncritical worship of Trump was everywhere.
  • This year's theme was "America v. Socialism," but looming just as large was a feeling among the speakers and attendees that they and the president are under constant attack by the media and "the left."
  • Visit Business Insider's homepage for more stories.

NATIONAL HARBOR, Maryland — The Conservative Political Action Conference (CPAC), the annual DC-area gathering, once epitomized Ronald Reagan's vision of "big-tent conservatism." That meant vigorous debates among right-of-center intellectuals representing the neoconservative foreign policy hawks, socially conservative evangelical Christians, non-interventionist free market libertarians, and any other reliable Republican voting bloc. 

In 2020, philosophical diversity was almost non-existent at CPAC. 

See the rest of the story at Business Insider

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How to choose a savings account when you're overwhelmed by options

Posted: 01 Mar 2020 08:20 AM PST

how to choose a savings accountbernardbodo/Getty Images

  • The right savings account is one that helps your money grow, and has the features you want, whether that's the highest interest rate or a good mobile app. 
  • You'll also want to read the fine print to make sure there aren't any fees for regular activity that you don't want to pay. 
  • But, remember that there isn't too much pressure here: A savings account isn't invested, so can get your money any time without long-term commitment. 
  • See Business Insider's picks for the best high-yield savings accounts »

Most everyone can use a savings account. While your checking account should be a pit stop for your money on the way to the next place, a savings account is a holding cell for your cash until you're ready to spend it on your goals. It's liquid, accessible, and a safe place to keep the money you might need in the next few years.

That said, there are a lot of options for savings accounts. They're offered by a variety of institutions, from traditional brick-and-mortar banks to online-only banking service — and they're all a little different. 

See the rest of the story at Business Insider

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'The Invisible Man' brings in an impressive $29 million, and is another win for Blumhouse Productions

Posted: 01 Mar 2020 08:11 AM PST

the invisible man2 UniversalUniversal

  • Universal/Blumhouse Production's "The Invisible Man" brought in an estimated $29 million to win the domestic box office this weekend.
  • The movie is another overachiever for Blumhouse. The horror company only made it for $7 million.
  • The project was originally supposed to be a Johnny Depp-starrer to fall under Universal's Dark Universe franchise, a collection of titles that would have featured classic horror IP.
  • But after the box office failure of Tom Cruise's "The Mummy" in 2017, the Depp project was scrapped (along with the Dark Universe).
  • Visit Business Insider's homepage for more stories.

The buildup and release for "The Invisible Man" was text book Blumhouse Productions.

Landing on a February release date, which meant low competition as most in Hollywood historically use the month to open its duds. Teaming with its longtime studio, Universal, to release an effective trailer (it has close to 7 million views since it launched in November). And then paying off with an edge-of-your-seat thriller that earned loads more at the box office than what Blumhouse put into making it. A lot more.

See the rest of the story at Business Insider

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19 major US cities where you can actually save money after rent, taxes, and other day-to-day expenses

Posted: 01 Mar 2020 07:40 AM PST

rich people cheering happy fancyToby Melville/Reuters

  • Some cities are more expensive to live in than others.
  • Clever Real Estate calculated how much money is left over from a biweekly paycheck in different US cities using tax, spending, and income data.
  • Average workers in 57 big US cities have more money left over from their biweekly paycheck than the typical American.
  • Bridgeport, Connecticut, made the top of the list, where residents have $1,683.24 leftover from their biweekly paycheck after income tax and bills. 
  • Visit Business Insider's homepage for more stories.

If you are struggling to have money left over after paying for bills, then you may want to move to one of these cities.

Clever Real Estate calculated how much money the average American in several major metro areas spends on different necessities after receiving their biweekly paycheck. The real estate referral site subtracted living expenses and income tax from the city's average pre-tax income using Bureau of Economic Analysis spending and income data and IRS state tax data to calculate the amount of money leftover from a biweekly paycheck.

After paying housing and utility bills, buying food, and covering other living expenses, the typical American only has about $136.39 left over every two weeks. 

Some cities have higher rent or more expensive prices for goods and services, which makes it more difficult to have money left over after these purchases and bills. Clever Real Estate noted in their spending analysis that residents in cities with expensive products aren't necessarily buying more things, but instead have to spend more money on these items. However, the company also wrote that people in expensive places often look for ways to save some extra money, such as living with a roommate. 

Although 18 cities are below the national average, residents living in 57 major cities have more money from their paychecks after income tax and bills than the typical American. Of the 57 cities, 19 of them have over $400 left over from their biweekly paycheck. 

Average workers in San Jose, California, and Bridgeport, Connecticut have over $1,000 left over to freely use on other purchases or to reserve for their savings. However, both these cities fall in the top three cities that spend the most of their biweekly paycheck on housing and utilities. It may help that employees in San Jose and Bridgeport tend to make a larger income than the other major cities on Clever Real Estate's list. 

Here are the 19 US major cities where people can actually save money. The average resident of every city on the list has more than $400 leftover after income tax and living expenses are taken out of a biweekly paycheck. 

19. Columbia, South Carolina

SeanPavonePhoto/Getty Images

Average biweekly pre-tax income: $1,727.15

Income tax: $156.64

Average biweekly expenses: $1,168.54

Average left over money: $401.97

18. Albany, New York

Dennis Macdonald/Getty Images

Average biweekly pre-tax income: $2,234.77

Income tax: $336.91

Average biweekly expenses: $1,495.84

Average left over money: $402.01

17. Washington, DC

Photographer is my life./Getty Images

Average biweekly pre-tax income: $2,787.81 

Income tax: $401.54

Average biweekly expenses: $1,983.71

Average left over money: $402.56

See the rest of the story at Business Insider

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SEE ALSO: Forget San Francisco or Seattle — these are the 10 most affordable cities to find a good-paying job as a programmer

At least 3,200 Amazon delivery drivers will be laid off by the end of April as the company keeps cutting ties with contractors

Posted: 01 Mar 2020 07:39 AM PST

Amazon delivery trucksPaul Hennessy/NurPhoto via Getty Images

Thousands of Amazon delivery drivers have been laid off in recent months — and it looks like many more workers will lose their jobs come spring.

More than 3,200 delivery drivers for Amazon will be let go by the end of April, Buzzfeed News reported. 

See the rest of the story at Business Insider

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Both Republicans and Democrats are ignoring a growing danger to our economy and national security: the national debt

Posted: 01 Mar 2020 07:23 AM PST

national debt clock

  • President Trump, the Democratic presidential candidates, and Congress aren't taking the national debt seriously.
  • But the rapidly expanding debt is a threat to America's economic and national security.
  • Maya MacGuineas is the president of the bipartisan Committee for a Responsible Federal Budget.
  • This is an opinion column. The thoughts expressed are those of the author.
  • Visit Business Insider's homepage for more stories.

The national debt is an issue that lawmakers are doing their best to ignore these days—as demonstrated by the President's non-serious budget, the House's plan to not even pass a budget, and the leading presidential candidates' not feeling the need to have a plan to fix it.

In isolation, the debt is not the largest threat facing the nation.

See the rest of the story at Business Insider

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THE RISE OF BANKING-AS-A-SERVICE: The most innovative banks are taking advantage of disruption by inventing a new revenue stream — here's how incumbents can follow suit

Posted: 01 Mar 2020 07:03 AM PST

This is a preview of The Rise of Banking-as-a-Service research report from Business Insider Intelligence. Purchase this report. Business Insider Intelligence offers even more insights like this with our brand new Banking coverage. Subscribe today to receive industry-changing banking news and analysis to your inbox. Banking as a Service 4x3Fintechs are encroaching on incumbents' share in the banking game, forcing them to explore new business models — but tech-savvy legacy banks can treat this as an opportunity rather than a threat by moving into the Banking-as-a-Service (BaaS) space.

BaaS platforms enable fintechs and other third parties to connect with banks' systems via APIs to build banking offerings on top of the providers' regulated infrastructure. This means banks that launch BaaS platforms can actually benefit from fintechs entering the finance space, as it turns fintechs into customers rather than just competitors. Other benefits from launching a BaaS platform include being able to monetize such platforms, establishing strong relationships with fintechs, getting ahead of the curve in terms of open banking, and accumulating additional data from third parties.

In The Rise of Banking-as-a-Service, Business Insider Intelligence looks at the benefits banks stand to gain by offering BaaS platforms, discusses key players in the industry that have already successfully launched BaaS platforms, and recommends strategies for FIs looking to move into BaaS.

See the rest of the story at Business Insider

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4 habits that can improve your memory and train your brain to work like a muscle, according to a memory expert

Posted: 01 Mar 2020 07:00 AM PST

business woman coworkers meetings planning presentationREDPIXEL.PL/Shutterstock

  • Jim Kwik is an author and memory optimization expert, and he offers simple tips to start giving your brain a workout.
  • Improving your ability to remember takes practice, and should be incorporated into your daily and weekly routines.
  • Plan out quiet meditation time, eat healthy brain foods like avocados and walnuts, and put a stop to negative self-talk.
  • Visit Business Insider's homepage for more stories.

The two most costly words in business, according to memory optimization expert Jim Kwik: "I forgot."

Speaking at an event in New York City Thursday for his upcoming book, "Limitless," which hits shelves on April 28, Kwik talked about how to increase your networking skills and overall productivity by maximizing your recall abilities. Kwik, a self-described "brain coach" who's worked with clients including actor Will Smith and leaders at Google and Nike, explained the rationale behind his book's title: He believes that the human mind's potential is essentially unlimited, and the key to unlocking that potential lies in memory training.

To remember more, Kwik said, you have to start treating your brain like a muscle. Here are his four top recommendations for how to strengthen it.

1. Train your brain

Matt Cardy/Getty

If you don't think of your brain like a muscle, Kwik said, you probably think about it like a cup — and it likely feels like it's overflowing. He called this the "digital deluge," where our 200,000-year-old brains are overwhelmed by and outsourced to exponentially improving technologies.

To fight this, Kwik recommends carving out a weekly 30-minute, no-tech "white space" in your calendar, turning off all unnecessary notifications, and memorizing the phone number of one person you speak to regularly. Even that small task, Kwik said, can train your memory muscle to process and retain more information. "How much you can earn," Kwik argues, "depends on what you can learn." 

2. Make brain food part of your diet

Joey Hadden/Business Insider

In his book, Kwik references "limitless foods" to eat or drink for cranium health: avocados, blueberries, broccoli, leafy greens, walnuts, coconut oil, eggs, turmeric, salmon, water, and dark chocolate.

Remembering that list of foods is yet another brain-training exercise. If you find it difficult to recall them, Kwik says to use a technique he calls PIE: 

  • Visualize a place (P) where something is located.
  • Create an image (I) that goes with it.
  • Entwine them (E).

If you want to remember blueberries are a good brain food, picture them coming out of your nose. To add leafy greens, imagine wearing kale shoulder pads. "If it makes you laugh, you'll remember," he said, adding that being childish and playful can help. "Who are the best learners? Children."

3. Solve your problems in your sleep


Another counterintuitive brain hack? Get work done while sleeping. Kwik asked the crowd if anyone had set an early alarm and woken up just before it went off. "If you can train your brain to do that," he asked, "What else can it do while you sleep?"

His suggestion: Pick a problem for your brain before you fall asleep and see if the answer hits you upon waking. Be sure to keep a journal next to your bed. If you do solve a problem in your sleep, you'll be able to record it immediately. Part of improving your memory, Kwik noted, is practicing dream recall.

See the rest of the story at Business Insider

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SEE ALSO: How to learn faster and remember anything, according to a psychologist who studied memory

SEE ALSO: 50-year-olds can have the brains of 25-year-olds if they meditate, memory and decision-making research shows

'They are starting to get more and more desperate': Greta Thunberg responds to a Canadian oil company accused of creating a vulgar cartoon depicting her in a non-consensual sex act

Posted: 01 Mar 2020 06:57 AM PST

Swedish climate activist Greta Thunberg poses for media as she arrives for a news conference in Davos, Switzerland, Friday, Jan. 24, 2020. The 50th annual meeting of the forum is taking place in Davos from Jan. 21 until Jan. 24, 2020 (AP Photo/Markus Schreiber)Associated Press

  • A photo of a sticker circulated online that showed 17-year-old climate activist Great Thunberg engaged in a non-consensual sex act. 
  • The sticker had a logo of a Canadian oil company, and was allegedly circulated to employees on a job site to be worn on a hat.
  • X-Site Energy Services, the company whose logo appears on the sticker, has denied creating the sticker.
  • "They are starting to get more and more desperate...This shows that we're winning," Thunberg said.
  • Visit Business Insider's homepage for more stories.

Swedish climate activist Greta Thunberg spoke out on Twitter after a Canadian oil company was accused of a circulating a sticker to its workers depicting her in a non-consensual sexual act. 

The cartoon, which originated on a sticker, depicts a silhouette of a woman with pigtails — Thunberg's signature style — engaged in a sexual act. Her name, "Greta," is written on the woman's silhouette. The logo for "X-Site Energy Services" is on the bottom of the sticker.  

See the rest of the story at Business Insider

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Democrats attacking Pete Buttigieg's lack of experience are making a critical mistake

Posted: 01 Mar 2020 06:46 AM PST

Pete Buttigieg

  • Numerous Democratic presidential candidates have taken shots at Pete Buttigieg's lack of experience.
  • But experience does not always mean someone is prepared for a job.
  • Rather, intelligence is the best way to assess leadership ability and Buttigieg appears to have that in spades.
  • So instead of dismissing Buttigieg, maybe the other Democratic contenders should take him more seriously.
  • Scott Dust, Ph.D., is the Dr. John F. Mee Endowed Assistant Professor of Management at the Farmer School of Business, Miami University (Oxford, OH). 
  • This is an opinion column. The thoughts expressed are those of the author.
  • Visit Business Insider's homepage for more stories.

Several candidates have criticized former South Bend, Indiana mayor, Pete Buttigieg, as unfit for the Presidency, citing his lack of experience. In Tuesday's debate in South Carolina, Buttigieg fought back, positioning his lack of experience as just what the country needs, and not the old-school, retro-political mentality of leading candidate, Bernie Sanders.

Buttigieg's experience appears to be a percolating concern among voters. But these concerns aren't predestined to be a problem. Instead these concerns may simply be theatrics, low-hanging fruit for his competitors. In fact, Buttigieg's fresh approach to politics may be one of his great strengths.

See the rest of the story at Business Insider

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