The Pandemic Will Reduce Inequality—Or Make It Worse
A recession is no picnic. A financial crisis leaves wounds that last for decades. A pandemic, though, can sow a unique kind of chaos. The rich got even richer after the Great Recession, but the Great Depression changed the social order.
Former FBI Agent Explains How To Read Body Language
Former FBI agent and body language expert Joe Navarro breaks down the various ways we communicate non-verbally. What does it mean when we fold our arms? Why do we interlace our fingers? Can a poker player actually hide their body language?
Why The Coming Foreclosure Crisis Will Look Nothing Like The Last One
A prominent housing analyst expects hundreds of thousands of defaults next year as mortgage forbearance periods end. At first glance, those projections look bad. On closer inspection, however, this round of foreclosures should be mild in comparison to the financial carnage of 2008 to 2010.
How Oxford University Shaped Brexit — And Britain’s Next Prime Minister
You turn the pages of yellowing student newspapers from 30 years ago, and there they are, recognisably the same faces that dominate today’s British news. Boris Johnson running for Union president, Michael Gove winning debating contests, Jeremy Hunt holding together the faction-ridden Oxford University Conservative Association (OUCA).
The Productivity Paradox
Higher productivity means the expectation of rising wages and abundant job opportunities. In a time of Facebook, smartphones, self-driving cars, and computers that can beat a person at just about any board game, how can the key economic measure of technological progress be so pathetic?
The ‘Hidden Mechanisms’ That Help Those Born Rich To Excel In Elite Jobs
Sociologists Daniel Laurison and Sam Friedman have uncovered a striking, consistent pattern in data about England’s workforce: Not only are people born into working-class families far less likely than those born wealthy to get an elite job—but they also, on average, earn 16 percent less in the same fields of work.
We Are Living In A Failed State
When the virus came here, it found a country with serious underlying conditions, and it exploited them ruthlessly. Chronic ills—a corrupt political class, a sclerotic bureaucracy, a heartless economy, a divided and distracted public—had gone untreated for years. We had learned to live, uncomfortably, with the symptoms.
The New Generation Of Self-Created Utopias
The United States has been a laboratory for experiments in alternative living since its founding. As so-called intentional communities proliferate across the country, a subset of Americans is discovering the value of opting out of contemporary society.
Revisiting An American Town Where Black People Weren’t Welcome After Dark
Anna is a city of a little more than 4,000 people located in the middle of Union County, where soybean fields and flatlands to the north give way to the forests and sandstone canyons of southern Illinois. Most people I met, wish the racist lore behind the city’s name would go away. So why hasn’t it?
Why You Spend So Much Money At IKEA
IKEA’s “aesthetic per dollar” ratio is very high, says neuromarketer and author of “The Buying Brain” Dr. A. K. Pradeep. Ikea’s affordable style is its “category-busting-metric,” or what makes it stand out from all the other brands in that space, he says.
Your Brain Can Only Take So Much Focus
In keeping with recent research, both focus and unfocus are vital. The brain operates optimally when it toggles between focus and unfocus, allowing you to develop resilience, enhance creativity, and make better decisions too.
I Lost My Life To Airbnb
I had been living in Rome but moved to Chicago five years ago. Obsessively renting out my home was the only way I could make it in the gig economy. When I found myself sleeping on the subway, I realized I’d gone too far.
How To Persuade People To Change Their Behavior
Our innate anti-persuasion radar raises our defenses, so we avoid or ignore the message or, even worse, counter-argue. Rather than trying to persuade people, getting them to persuade themselves is often more effective. Here are three ways to do that.
The Death Of The Hippies
Professional photographer Joe Samberg remembers how drugs destroyed Berkeley’s Telegraph Avenue scene. Still, the hippies did end up having a lasting impact on American culture—even if it wasn’t quite the one they’d intended.
The Homeownership Obsession
There are two different tales we tell ourselves about houses. The primary story is about bright futures, long lives, children, grandchildren, and hard-earned success. The second story, the darker story, is about the horror of being trapped.
The Only Metric Of Success That Really Matters Is The One We Ignore
When all is said and done it’s the people around you that make the difference. Warren Buffett, a friend of Bill Gates, says that his measure of success comes down to one question: “Do the people you care about love you back?” Gates wrote: “I think that is about as good a metric as you will find.”
A Simple Way To Map Out Your Career Ambitions
The challenge is that you’re competing against every individual in your industry who wants to be a high performer. If you grow more capabilities more quickly than they do, you’ll perform better today, earn opportunities to perform better in the future, and a virtuous cycle will take hold.
Scraping By In The Gig Economy As A Guy Without A Bank Account
In 2017, the Federal Deposit Insurance Corporation (FDIC) found that 8.4 million households in the U.S. were without bank accounts. Nearly 53 percent of these households listed “not having enough money” to put into an account as the reason why, while another 30 percent cited not trusting banks.
Why China And The U.S. Are Vying For Dominance In Pakistan
In Pakistan, China and the U.S. are clashing over China’s One Belt, One Road initiative. To understand what’s at stake, it helps to take a look at why China is in Pakistan in the first place.
A Mother Journeys Through Grief Across Finland’s Many Islands
The beauty and calm of the Aland archipelago is deceptive. Aland is a Swedish-speaking autonomous region of Finland and consists of 16 municipalities. The island population is close to 30,000; around 12,000 live in Mariehamn. The smallest municipality, Sottunga, had 91 residents in 2018. Isolation encourages contemplation — but can it offer respite as well?
How To Budget When You’re Broke
First, take an assessment of your income and expenses. This will help you develop a reasonable and realistic budget. Break down your expenses over the past few months. Categorize and separate them into needs and wants. Separating will help you prioritize your finances.