CHART - Casino Gambling YoY

Digitization and Better Life Index

Source: Booz

Links

• Buy ConocoPhillips, Keep An Eye On Walmart And EMC - Forbes bit.ly/JJbq5d
• UH OH: New Nielsen Data Says People Are Turning Away From TV - Business Insider bit.ly/JJbmCG
• KEEGAN: The Opposite of Loneliness | Cross Campus | Yale Daily News bit.ly/JHsolE
• The Top 10 Twitter Gaffes - Lakestar Media Blog bit.ly/Lbuvts
• #Happiness is a perishable commodity that requires continual renewal.
• QotD: "Mosquitoes hitchhiking on water experience acceleration 100 to 300 times the force of Earth’s gravity"
• Richard Dawson (my kid brother's hero) passes away at 79 Survey says...... Dead
• #4 Coldplay - Princess Of China ft. Rihanna - YouTube - 251973 new posts today http://ow.ly/1keJVB

Major in unfraid

Back when I was still just starting out school, I was divided between majors. I wanted to major something that inspired me, made me get up in the middle of the night and convince me to study and also give me an opportunity to build a career. I wanted to make a difference in society, corporate or non-profit. If there's one vice I had, it was recognition.
All this thought forced me to be afraid of the choice I made. What if I made the wrong choice and landed on the wrong path? Would that be the end of it all? Would I never be able to get back on track? All these thoughts made it difficult to make a decision.
But if there's one piece of advice that I can give anyone in the same boat, it would be to major in unafraid. Being afraid of the choices and spiraling into the potential consequences might make your experience worse. I'm not saying that you should not have regrets, on the contrary, everyone should learn from the mistakes that led to those regrets. But being unafraid of the consequences will give you the passion, the energy and the drive to make a difference in society as well.
I ask you now to be unafraid, because that's a choice you have, and I don't. Being afraid is a regret I have, and I hope someday, you don't.
Choose well.


-Prashant Khorana

Links

Pizza Hut Tries the Sandwich Market Again bit.ly/Ma3Fo2

Dimon’s Déjà Vu Debacle bit.ly/Ma2G7d

| Facebook News Perfectly Summed Up In One GIF bit.ly/L5C3fp

Photos of the Day: June 1 bit.ly/L5Axdn

The End of RIM: How BlackBerry Crumbled bit.ly/LNQbvg

In Defense of Nanny Bloomberg : The New Yorker bit.ly/L7fE7e

How Does Farm Animal Waste Make Energy? - Business Insider bit.ly/L1UUte

RT @HarvardBiz: Break the Bad Data Habit bit.ly/KXIkcZ

RT @Reuters_Biz: Analysis: Dewey's bankruptcy: Let the rumble begin bit.ly/MZxpWs

[parody video]Solution to financial crisis

Sheryl Sandberg Commencement Speech

stand for something

Greece might be going bankrupt, and might have to switch over to the Drachma soon. As history goes, they always believed that Athena and the owl should be represented on their coins, so if there’s anything you should be sure of, it’s that Greece will put an owl on their currency.  

Russians put the AK – 47 on their currency, not because they loved firing the gun, but because they want to tell the world what they had accomplished with it.

We must all stand for something, be it a thing good, bad, symbolic, mythical in nature. As individuals, we don’t just have to be there, but also need to have that one thing which everyone knows us by. Because it’s not individuals that everyone remembers, but individuals with stories.

 -Prashant Khorana

FW: America’s jobs crisis

 

 

Feed: Felix Salmon
Posted on: Friday, June 01, 2012 9:48 AM
Author: Felix Salmon
Subject: America's jobs crisis

 

This is about as bad as the jobs report could possibly be: just 69,000 jobs created, split between 95,000 new jobs for women and 26,000 fewer jobs for men. The market reaction has been swift and merciless, with stocks and bond yields plunging: the 10-year Treasury bond now yields less than 1.45%. When stock prices fall, of course, the earnings yield on the S&P 500 goes up, even as bond yields go down. Which means that the numbers on this chart are now even more extreme than at the close yesterday: The green line, here, should not be able to simply go up and to the right indefinitely. While market failures clearly happen all the time, things are really bad when they persist for this long. And what you're looking at, here, is a market failure, as Brad DeLong explains: what we're seeing, he says, is nothing less than "a massive failure of our economic institutions". The first reason betrays a lack of trust that governments can and will do the job that they learned how to do in the Great Depression: keep the flow of spending stable so that big depressions with long-lasting, double-digit unemployment do not recur. The second reveals the financial industry's failure adequately to mobilize society's risk-bearing capacity for the service of enterprise. Basically, we have low bond yields because the Fed has failed to do its job, and persuade the markets that it is capable of engineering a healthy economy over the long run. And we have high stock yields because the market has failed to do its job, which is to treat high corporate earnings as a fantastic opportunity to invest in the economy and build something even greater in the future. Just look at the amount of money which is flowing straight to corporations' bottom lines, and not being put to good, productive work. Corporate profits now account for significantly more than 10% of GDP: that's never happened before. To spell this out: high corporate profits and low levels of job growth are two sides of the same coin. If things were working properly right now, companies would take their excess revenues and use them to hire more people. Instead, they're basically just letting those excess revenues sit on their balance sheets as cash because they're scared to invest in themselves. It's frankly pathetic. The solution to this problem is nothing complex — the arbitrage is sitting there in the first chart, plain for all to see. The government can borrow at 1.45%: it should do so, in vast quantities, and invest that money back into the economy itself. Take a few hundred billion dollars and use it to fix our broken infrastructure, to re-hire all those laid-off teachers and firefighters, to provide some kind of safety net for the millions of Americans who have been out of work for more than a year. Even if the real long-term return on any stimulus package was zero, the nominal long-term return would be well over 1.45%, making the investment worthwhile. To put it another way, not all crises look the same. Back in 2008-9, the fact that we were in a crisis was obvious, and it resulted in unprecedented levels of enormous coordinated actions between Treasury and the Fed. Now, however, when we look at the crisis-level spreads in the first chart, we don't think "crisis" any more — and the sense of urgency that everybody felt in 2008-9 is long gone. How many more dreadful jobs reports do we need before it returns? The 2012 election should be a referendum between two visions of America. On the left, Obama should say that we're in a jobs crisis, and that he's going to do everything in his power to get people back to work — by employing them directly, if need be. On the right, Romney can say that job creation should be left to US companies, despite the fact that those companies are signally failing to increase their payrolls despite their record-high profits. And then the public can choose which side they want to vote for. Sadly, the lines won't be drawn nearly that cleanly: Obama is bizarrely reluctant to talk about anything which rhymes with "stimulus". As a result, the current dysfunction — and horribly weak jobs market — is likely to persist for far too long.

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