Everyone’s definition of being “rich” is different. It’s all about your perspective and ideals. But have you ever wondered exactly how much money you have to earn to technically be considered rich? Well, it depends on the city, but here are some answers.
According to the Pew Research Center, about 20 percent of Americans can be considered rich or “upper-income.” To fall into this category you need to earn double the median household income for where you live. (Middle-income households have an income that is two-thirds to double that number.)
Now, to find out what those numbers are for various metropolitan areas, the folks over at Business Insider used census data from the 27 largest metro areas in America and came up with answers to…
“How much money you have to earn to technically be considered rich?”
— Atlanta, Georgia: More than $125,226
— Baltimore, Maryland: More than $153,576
— Boston, Massachusetts: More than $164,760
— Charlotte, North Carolina: More than $119,958
— Chicago, Illinois: More than $132,040
— Dallas, Texas: More than $127,624
— Denver, Colorado: More than $143,852
— Detroit, Michigan: More than $112,284
— Houston, Texas: More than $123,416
— Los Angeles, California: More than $131,900
— Miami, Florida: More than $102,724
— Minneapolis, Minnesota: More than $146,462
— New York City: More than $143,794
— Orlando, Florida: More than $104,770
— Philadelphia, Pennsylvania: More than $131,992
— Phoenix, Arizona: More than $116,150
— Pittsburgh, Pennsylvania: More than $112,126
— Portland, Oregon: More than $137,352
— Riverside, California: More than $116,472
— Sacramento, California: More than $128,104
— St. Louis, Missouri: More than $119,560
— San Antonio, Texas: More than $112,210
— San Diego, California: More than $141,648
— San Francisco, California: More than $193,354
— Seattle, Washington: More than $157,224
— Tampa, Florida: More than $102,230
— Washington, DC: More than $191,686
In not very surprising news, San Francisco requires the highest income to be considered “rich” out of all these metro areas. Washington D.C., Boston and Seattle also being in the top five is not terribly shocking, but Baltimore? Must be all those people who live there and work inside the Beltway.
Minneapolis, Minnesota coming sixth is also somewhat unexpected, but Denver, New York City, San Diego and Portland all making it into the top ten certainly makes sense. Chicago, Philly and Los Angeles fell just outside of the top ten.
Business Insider also calculated how much money it takes to be in the top 1% in each location’s state. You can view those numbers here.
from BroBible.com http://bit.ly/2I03VYM
Peter Diamandis, co-founder of Celularity and Human Longevity, Inc., explains how Silicon Valley can make 100 the new 60. Following is a transcript of the video.
How Silicon Valley can make 100 the new 60. Peter Diamandis is an engineer, physician and entrepreneur. He is best known as founder of the XPRIZE Foundation. He is also co-founder of Celularity and Human Longevity, Inc. These companies work to extend the human life span.
Peter Diamandis: So, what do we do right now? So, it’s still the basics, eat right, exercise, and get enough sleep. But what else can you do? There’s a couple different things.
It’s a company called Human Longevity Inc, H-L-I. We have a service at HLI called the Health Nucleus. When you come to the Health Nucleus, we spend three hours with you, we sequence your genome, all 3.2 billion letters of your life. We do a full-body MRI that’s able to detect cancer. We basically collect 150 gigabits of data about you, we feed it into machine learning and our goal is to find out, is there anything going on inside your body that you should know about. We all eventually have some problem, but we find it at stage zero or stage one, when it’s curable or treatable immediately.
Treatments coming in the near future are gonna be the stem cell treatments. The ability to use stem cells to solve autoimmune disease and degenerative disease. The human placenta for 99.999% of the time is thrown away. The placenta is the richest source, the most abundant source of stem cells, and that because these stem cells are immunologically privileged, meaning you can give these stem cells from a single placenta to hundreds, thousands, potentially tens of thousands of individuals, the price of these stem cells will drop down significantly.
Then, there are other treatments that are ongoing right now. You’ve heard about young blood experiments going on in Silicon Valley, where you transfuse the blood of a young person to an old person. What Elevian has done is recognize not just the whole blood that is important, there is a particular molecule called GDF11 that seems to be the molecule that’s most responsible for this rejuvenate effect. And so Elevian is actually commercializing that particular molecule.
Other companies like Unity Biosciences is working on finding those senescent cells in your body and destroying them. So cells will grow and they’ll stop growing so they don’t become cancerous and it’s called senescence. But when those cells start becoming inflammatory, they can damage your body. And so Unity Biosciences is working on how do we find the senescent cells and kill them, making more room for stem cells to grow younger, healthier tissues. So there’s a number of these technologies coming on right now.
In 10 to 12 years from now, for every year that you live, science is extending your life for more than a year. These treatments are going to be coming online to help you extend your life, but bottom line, eat right, sleep right, get exercise, that’s not going away.
from SAI http://read.bi/2GXAsxl
- Flight attendants tend to know more about flying than the average passenger.
- To unearth their secrets, we turned to the experts themselves and asked them what most people don’t know about flying.
- Among the secrets about flying they shared, some more interesting details include that you can’t actually open the plane door mid-flight (though some have tried) and that many flight attendants avoid drinking the coffee.
No one has more insider knowledge about flying than flight attendants.
By talking to these veteran globetrotters, we were able to unearth 11 secrets about flying.
Whether you want more attentive service or to avoid getting kicked off your flight, read on for the inside scoop:
You can’t physically open a door mid-flight — and trying could get you kicked off the plane
Annette Long, a flight attendant with 17 years of experience, told Business Insider that, though opening a door mid-flight is impossible to do, trying it will still get you into trouble.
As we’ve seen in previous incidents, passengers who try to make a jump for it while the plane is in the air usually wind up restrained mid-flight and in handcuffs once the plane lands. In some cases, pilots will make an emergency landing to get the passenger off the flight.
"I don’t make those decisions," Long said. "I convey the information to the cockpit and the chief flight attendant, and they make the decision about whether or not we’re going to land and get someone off the plane.
"Most of the pilots say to us, ‘If you’ve got a problem with them, I’ve got a problem with them,’ and they will back us up 100%," Long said.
The plane isn’t getting cleaned as much as you’d hope
"The dirtiest part of the plane has to be the tray tables. People constantly lay their heads on them, change babies diapers, and rest their feet on them," a flight attendant for JetBlue told Business Insider. "I wouldn’t eat off of that even after sanitizing it."
What’s more, "remember, they’re using a rag to start row one, and when they end up in row 35, that rag has wiped a lot of tables," Long said.
Unsanitary incidents occur on the plane that passengers rarely see or consider, like accidents in the lavatory or a passenger’s seat. "Just so you know, when you go to the bathroom and you’re barefoot or you’re in your socks, that’s not water on the floor," Long said.
"It’s just not the cleanest environment," she said.
Flight attendants aren’t really supposed to help you lift your bags
Flight attendants tell Business Insider that they only get paid for flight hours, not for boarding or deplaning. "So, for example, your duty day could actually be 12 hours, but you only get paid for six hours of work," one flight attendant said.
What’s more, flight attendants’ unions won’t cover them if they get injured trying to lift your bags into the overhead bin. And since being out of work and out of money is no fun for anybody, you shouldn’t expect flight attendants to take that risk for you.
from SAI http://read.bi/2oEfJbf
The announcement of the US intention to impose tariffs on imported steel and aluminum on national security grounds has sent ripples through the capital markets, according to analysts at BBH.
“Yet there is certainly more going on here than that. The tariffs, justification, and magnitude have been indicated and expected.”
“After reversing lower on Tuesday and selling off on Wednesday, equity investors hardly needed a fresh reason to sell on Thursday. The MSCI Asia Pacific Index fell today for the fourth consecutive session and is off 2.1% on the week. The European Dow Jones Stoxx 600 also is off for a fourth consecutive session, and down more than 1%, like yesterday. It is off nearly 3% for the week. The S&P 50 is off 2.5% this week coming into today’s session. It tested the 2660 level we identified as key yesterday, and the next retracement target is seen near 2630.”
“The initial reaction is to fear the worst, which in this case is a tit-for-tat retaliation. Like an-eye-for-an-eye, a rational game theory strategy, this leads to a village of blind people. In this case, an end to the multilateral free-trade system. Yet, this is not the most likely scenario. The most likely scenario is to challenge the US action at the WTO. Moreover, and this is important, there is precedent for this. In 2002, then President Bush imposed 30% tariffs on steel, and that is what happened. The US lost the challenge and the tariffs were rescinded.”
“The US claim of national security will be challenged. The prosecution’s first piece of evidence could be the US Defense Department’s opposition to the tariffs. Either it is being derelict in its duties or US security may not be at stake. Many Republicans in Congress take exception with the tariffs, and if so inclined, Congress could seek to rein in President’s unilateral authority on trade, as it has on some international sanctions.”
“Many observers recognize that the tariffs could increase the price of goods that use steel and aluminum. Some suggest that this could add to pressure on the Fed to tighten policy more aggressively. Yet, there is an accepted distinction between relative prices and the general level. Americans buy more services than goods, and their steel consumption is limited in their basket of goods.”
“Autos come to mind as particularly steel intensive. There is a little more than a ton of steel in an auto. The base price of such steel may be around $850 a ton. In recent years, automakers have been substituting lightweight aluminum for steel and some vehicles may have as much as 400 pounds of aluminum and it sells for around $1 a pound. Given that work must be done to the metals to make them car-ready, even if we were to increase the raw costs by 50%, we are still talking about a relatively modest cost relative to the price of a car the consumer buys.”
“On top of this, Ford and GM reportedly source something on the order of 90% of their steel and aluminum domestically. An official from GM was quoted on the news wires acknowledging that he was unsure whether the tariff would lead to higher prices for consumers. Still, while many observers seemed to emphasize the inflationary nature of the tariffs, there is another impact from higher prices and that is weaker demand.”
“Also, when considering the knock-on effects, it does not suffice to observe that Canada accounts for 1/6 of US steel imports. Note that Canada’s data shows that the US runs a trade surplus on steel with it, as Canada buys around half of US steel exports. On top of that, Canada is recognized by US law as part of the US National Technology and Industrial Base related to national defense. The US tariffs are expected to be formally enacted next week (though there is a chance that they are modified).”
“The US steel tariffs could have potentially negative impact on several EM countries. The US is the world’s top steel importer by volume. The top ten sources in descending order for 2017 are: Canada (16%), Brazil (13%), Korea (10%), Mexico (9%), Russia (9%), Turkey (7%), Japan (5%), Taiwan (4%), Germany (3%), and India (2%). The other 22% comes from the rest of the world. Economic theory dictates that small open economies suffer more from any trade restrictions than large closed ones.”
from Forex News http://bit.ly/2FKQ08i
Trashing someone all over the internet is not an adequate way to express your dissatisfaction with their services. A bride from Canada learned this the hard way after the court ordered her to pay $115,000 CAD (nearly $89,500) for trashing a wedding photographer online and ruining her business.
As CBC reports, the business in questions is Amara Wedding, belonging to photographer Kitty Chan. It was reportedly ruined after a series of online posts by the bride Emily Lao, who was dissatisfied with their photography services. When you go to their website, you can see that it’s out of function.
According to CBC, Liao signed a $6,064.80 contract with Amara Weddings in 2015. The bride allegedly asked Chan to take photos herself, but another professional photographer ended up taking pre-wedding portraits. According to the court ruling, Liao was dissatisfied with the photos, complaining about their “poor quality, quantity and repetition.” However, she also testified that Chan assured her that “the concerns would be resolved once the proofs had been touched up and edited.”
One week before the wedding, Liao reportedly stopped paying Amara Weddings. Consequently, Chan refused to send her the photos until she paid the agreed balance of the contract. After this, Liao sued Chan in small claims court, but she didn’t stop here. She turned to the internet too and began posting offensive comments about Chan’s business. As CBC writes, she wrote comments on “English and Chinese language blogs, forums and social media sites including Facebook, VanPeople, Weibo, Wechat and Blogger.” She accused Amara Wedding of being “a scam,” “lying to its customers,” “destroying the evidence,” “using fictional identity” and much more.
Liao’s posts went viral, according to Chan. “In the Chinese community, a lot of businesses rely on word of mouth,” she told CBC. Consequently, she lost customers and closed her business in January 2017. Liao’s small claims lawsuit was dismissed, but Chan won a counterclaim, as CBC reports. At this point, Liao offered an apology, but it was already too late for Chao to save her reputation and business.
The court ordered Liao to pay $75,000 CAD in damages to the business, as well as aggravated and punitive damages of $40,000 CAD. Justice Gordon Weatherill wrote that “this case is an example of the dangers of using the internet to publish information without proper regard for its accuracy.”
When you visit the company’s profile on Yelp, you’ll notice that Amara Wedding is indeed now closed. But you can also see that it wasn’t primarily a wedding photography business. They were a one-stop service for brides, providing wedding dress rental bridal makeup and hair, decorations, flowers, wedding planning and coordination.
Chan tells CBC that she is satisfied with the ruling, but that the case was never about the money:
What I have lost has already gone, so I don’t think anything can compensate that. I want to prove to people that they have to face any consequences when they say something on the internet. We know how bad it could be when a rumor is spreading on the internet, but I have never thought this will happen to me.
As I mentioned earlier, trashing someone online is not an adequate way of expressing dissatisfaction. It goes both ways, of course, because we’ve seen both clients trashing photographers and the other way around. From this case, we can see that trashing people online is not just nasty or immature, but it can have major consequences for both sides.
from DIYPhotography.net -Hacking Photography, One Picture At A Time http://bit.ly/2oAoFyi
Now you can channel your inner Thor superhero every morning with the Hammer alarm clock! That’s actually not far off from what the inspiration was for this clever clock. Designer Jorge Ros Gisbert wanted to create a way for people to wake up feeling strong and motivated each day instead of feeling defeated and irritating by annoying smartphone alarms.
Your face is already buried in your smartphone enough as it is, but at least now interacting with your phone doesn’t have to be the FIRST thing you do each day. Instead, you must grab the hammer and slam it down on the rubberized base to shut off the alarm. You’ll wake up feeling tough and determined as you’ve already muscled your way out of bed!
Designer: Jorge Ros Gisbert
from Yanko Design http://bit.ly/2oJxg0Y