PayPal Alum: How Blockchain Will Change Investing and Why Real Estate Will Be First

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fortune.com | May 19 @ 14:17

That’s going to change this year, says “PayPal Mafia” member David Sacks, and the first thing we’ll trade are real estate tokens. On a blockchain, Sacks says, this could not happen since all ownership rights would be inscribed on a permanent, tamper-proof ledger. Sacks cited the professionally managed real estate market, which is worth $7 trillion but is not very liquid. Sacks believes this newfound liquidity will attract more capital to real estate, and also create a derivatives market for property. Sacks also predicts real estate tokens are not a far-off technology, and that investors will be trading them by the end of the year.

Wall Street’s best stock picker shares his secret weapon for unlocking massive investment opportunities and crushing the market

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businessinsider.com | May 19 @ 14:17

"Investing is not a game of perfection — it's a game of being approximately right," he said. Reuters / Brendan McDermidSometimes being an expert on a topic can be a detriment — at least when large changes are afoot. Lynch, who serves as head of growth investing at Morgan Stanley Investment Management, where he's lead manager of six funds and directly oversees $27 billion, remembers the inaugural topic he assigned to DeLaney. Instead, Lynch looks at disruption — and that can mean that a company is either responsible for creating it, or insulated from it. It was about 15 years ago, when Lynch needed a pair of fresh eyes to analyze the radio industry.

Preakness Stakes 2018: Everything you need to know about the 8 horses running in the 2nd leg of the Triple Crown

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businessinsider.com | May 19 @ 14:10

Below, we go post-by-post to give you the rundown on every horse racing this weekend at the Preakness Stakes. Eight horses are set to run in the Preakness Stakes this Saturday, as Justify looks to win the second leg of the Triple Crown. After a dominant performance in the Kentucky Derby earlier this month, Justify is back racing this weekend in the Preakness Stakes, looking to move one step closer to Triple Crown glory. Andy Lyons/Getty ImagesThe race for the Triple Crown is officially on. Here's everything you need to know about every horse in the field.

Chains from Starbucks to The Cheesecake Factory are being dragged into American culture wars (SBUX)

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businessinsider.com | May 19 @ 14:10

Deeper, human issues explain why chain restaurants have become the latest battleground for American culture wars. In 2018, social media is the perfect vehicle to spread footage and help reporters find videos. A black man was choked by a police officer outside of another Waffle House in Warsaw, North Carolina. A viral video shows Philadelphia police arresting two black men inside a Starbucks, as witnesses protest that the men "didn't do anything. Once a story is written, it is once against shared on social media.

Chains from Starbucks to The Cheesecake Factory are being dragged into American culture wars (SBUX)

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businessinsider.com | May 19 @ 14:10

Deeper, human issues explain why chain restaurants have become the latest battleground for American culture wars. In 2018, social media is the perfect vehicle to spread footage and help reporters find videos. A black man was choked by a police officer outside of another Waffle House in Warsaw, North Carolina. A viral video shows Philadelphia police arresting two black men inside a Starbucks, as witnesses protest that the men "didn't do anything. Once a story is written, it is once against shared on social media.

Preakness Stakes 2018: Everything you need to know about the 8 horses running in the 2nd leg of the Triple Crown

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businessinsider.com | May 19 @ 14:10

Below, we go post-by-post to give you the rundown on every horse racing this weekend at the Preakness Stakes. Eight horses are set to run in the Preakness Stakes this Saturday, as Justify looks to win the second leg of the Triple Crown. After a dominant performance in the Kentucky Derby earlier this month, Justify is back racing this weekend in the Preakness Stakes, looking to move one step closer to Triple Crown glory. Andy Lyons/Getty ImagesThe race for the Triple Crown is officially on. Here's everything you need to know about every horse in the field.

35 Big tech predictions for 2018

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businessinsider.com | May 19 @ 14:02

Business Insider Intelligence, Business Insider's premium research service, has put together a list of 35 Big Tech Predictions for 2018 across Apps and Platforms, Digital Media, Payments, Internet of Things, E-Commerce, Fintech, and Transportation & Logistics. And in 2018, we expect to see more transformative developments affect our businesses, careers, and lives. Smart speakers and voice assistants let us interact with our homes and with retailers in new and seamless ways. Nearly every industry has been disrupted by digital technologies over the past 10 years. BII Technology is increasingly disrupting every part of our daily lives.

The 14 most polluted cities in the world are all in one country

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businessinsider.com | May 19 @ 14:00

Manish Swarup/APThe 14 most polluted cities in the world are all in India, according to a recent report from the World Health Organization. India is home to the 14 most polluted towns in the world, according to the World Health Organization. Read on to see what life is like in some of the most polluted towns in the world: Other cities on the list included Delhi, Lucknow, Agra, Jaipur, and Jodhpur. The northern town of Kanpur topped the list, which measured cities by their level of fine particulate matter in the air, known as PM 2.5.

The 14 most polluted cities in the world are all in one country

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businessinsider.com | May 19 @ 14:00

Manish Swarup/APThe 14 most polluted cities in the world are all in India, according to a recent report from the World Health Organization. India is home to the 14 most polluted towns in the world, according to the World Health Organization. Read on to see what life is like in some of the most polluted towns in the world: Other cities on the list included Delhi, Lucknow, Agra, Jaipur, and Jodhpur. The northern town of Kanpur topped the list, which measured cities by their level of fine particulate matter in the air, known as PM 2.5.

Who Can Disrupt Wayfair In Furniture Retail? Only Amazon, But It May Need Stores To Do It

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forbes.com | May 19 @ 13:59

And from a product/price standpoint, Wayfair and Amazon go head-to-head on price, as compared with the other specialty furniture retailers. If the furniture retail industry is facing an apocalypse, then Wayfair is the lead horse. That is the belief held by more than 350 independent furniture retailers and suppliers that sell through independents, recently surveyed by Unity Marketing. Nearly two-thirds of the brick-and-mortar furniture retailers surveyed said online retailers that specialize in furniture, most especially Wayfair, are their store’s number one competitive threat, as opposed to online retailers that sell furniture along with other products, like Amazon. Only 40% of independents named Amazon as a primary competitive threat, which was tied with high-end national furniture retail chains, like RH and Ethan Allen.

Porsche’s $1.7 Million 918 Spyder Is Recalled Again

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fortune.com | May 19 @ 13:58

One of the world’s most exclusive sports cars, the Porsche 918 Spyder, is being recalled because of potential suspension cracking — an issue that’d prompted three previous recalls in the U.S. It’s the sixth time the 2015 model has been recalled, according to NHTSA records. Suspension cracking or fractures were cited three times previously. This recall affects 305 units from the 2015 model year, the U.S. National Highway Traffic Safety Administration said in a posting on its website Saturday. Control-arm connecting shafts in the front and rear suspension may fail due to stress corrosion cracks, the regulator said.

Whistleblower: Bannon Sought To Suppress Black Voters With Cambridge Analytica

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forbes.com | May 19 @ 13:58

Wylie also suggested the former Cambridge Analytica vice president Steve Bannon, who stepped down in August 2016 to lead Donald Trump's presidential campaign, had deliberately sought to suppress certain voters. Cambridge Analytica was reached out to for comment, and responded with a link to this report [PDF] on the company's practices. As part of continuing fallout around Facebook and the data consulting firm Cambridge Analytica, whistleblower Christopher Wylie told Congress this week that the firm sought to suppress Black voters and other liberal-associated demographic groups. During a hearing before the Senate Intelligence Committee on Wednesday, Wylie, a former employee of Cambridge Analytica parent-company SCL, testified that the company had targeted Black Americans with "voter disengagement" methods. When asked by Senator Chris Coons (D-DE) if one of the goals maintained by Steve Bannon, former vice-president of Cambridge Analytica, was "to suppress voting or discourage certain individuals in the US from voting," Wylie responded, "That was my understanding, yes.

Here are the 20 funniest memes from Prince Harry and Meghan Markle's royal wedding

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businessinsider.com | May 19 @ 13:55

But Twitter users, as they're wont to do, mined the poignant occassion for memes. More on the royal wedding:You can read all of INSIDER's royal wedding coverage here. Some Twitter users thought that Harry's ex-girlfriend Chelsy Davy looked ... uncomfortable. Meghan Markle and Prince Harry got married on Saturday at St George's Chapel in Windsor, UK. Prince Harry, apparently, can relate.

Here are the 20 funniest memes from Prince Harry and Meghan Markle's royal wedding

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businessinsider.com | May 19 @ 13:55

But Twitter users, as they're wont to do, mined the poignant occassion for memes. More on the royal wedding:You can read all of INSIDER's royal wedding coverage here. Some Twitter users thought that Harry's ex-girlfriend Chelsy Davy looked ... uncomfortable. Meghan Markle and Prince Harry got married on Saturday at St George's Chapel in Windsor, UK. Prince Harry, apparently, can relate.

NBA MOCK DRAFT: Here's what the experts are predicting for all 30 first-round picks

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businessinsider.com | May 19 @ 13:52

Eric Gay/AP With the conclusion of the NBA Draft lottery on Tuesday, the draft order is now set. To get a feel for how the draft might play out, we surveyed seven experts' mock drafts and found the consensus pick for each position. Take a look below at how the 2018 NBA Draft might play out:Our experts: Jonathan Givony of ESPN, The Ringer staff, Michael Scotto of The Athletic, Jeremy Woo of Sports Illustrated, Ricky O'Donnell of SB Nation, Gary Parrish of CBS, and Jonathan Wasserman of Bleacher Report When there wasn't a consensus, we went with one experts' opinion on who might be drafted. This year's draft is considered deep and talented, headlined by several talented big men in an age where the center position is evolving, plus some explosive point guards and versatile wings.

NBA MOCK DRAFT: Here's what the experts are predicting for all 30 first-round picks

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businessinsider.com | May 19 @ 13:52

Eric Gay/AP With the conclusion of the NBA Draft lottery on Tuesday, the draft order is now set. To get a feel for how the draft might play out, we surveyed seven experts' mock drafts and found the consensus pick for each position. Take a look below at how the 2018 NBA Draft might play out:Our experts: Jonathan Givony of ESPN, The Ringer staff, Michael Scotto of The Athletic, Jeremy Woo of Sports Illustrated, Ricky O'Donnell of SB Nation, Gary Parrish of CBS, and Jonathan Wasserman of Bleacher Report When there wasn't a consensus, we went with one experts' opinion on who might be drafted. This year's draft is considered deep and talented, headlined by several talented big men in an age where the center position is evolving, plus some explosive point guards and versatile wings.

Adonis Stevenson Vs. Badou Jack: 10 Things You Should Know About Saturday's Fight

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forbes.com | May 19 @ 13:50

Here are the 10 things you should know about Saturday's fight. WBC light heavyweight champion Adonis Stevenson (29-1, 24 KO) will defend his title against former WBA champion Badou Jack (22-1-2, 13 KO). How to WatchDate: Saturday, May 19Saturday, May 19 Time: 10:05 pm ET (in ring at approximately 11:05)pm ET (in ring at approximately 11:05) TV: ShowtimeLive Stream: Showtime AnytimeOddsStevenson -115Jack -115Odds per Bovada. Will Superman be in the building on Saturday at the Air Canada Centre in Toronto? This matchup is a tough one to call as you'll see from latest odds.

A 'self-fulfilling prophecy' is making the housing market more hellish for first-time buyers

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businessinsider.com | May 19 @ 13:45

What that means is, if more people want houses because prices are rising, prices will rise even more. It's "a case of expected asset inflation becoming a self-fulfilling prophecy," Rosenberg said in a note on Tuesday. A record 59% of people believe that home prices will rise in the coming year, as the chart shows. Drew Angerer/GettyHome prices are near record highs in many cities across America, and the belief they'll continue rising is encouraging more people to buy. Unlike the previous run up in prices, however, this rise is not underpinned by low-credit borrowers and investment products that bundled risky mortgages together.

A 'self-fulfilling prophecy' is making the housing market more hellish for first-time buyers

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businessinsider.com | May 19 @ 13:45

What that means is, if more people want houses because prices are rising, prices will rise even more. It's "a case of expected asset inflation becoming a self-fulfilling prophecy," Rosenberg said in a note on Tuesday. A record 59% of people believe that home prices will rise in the coming year, as the chart shows. Drew Angerer/GettyHome prices are near record highs in many cities across America, and the belief they'll continue rising is encouraging more people to buy. Unlike the previous run up in prices, however, this rise is not underpinned by low-credit borrowers and investment products that bundled risky mortgages together.

A Security Flaw in a Free Web Service Let Anyone Anonymously Track U.S. Cell Phones

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fortune.com | May 19 @ 13:42

The flawed tracking portal has since been shuttered, but the incident is a scary reminder that cell phones can be a major risk to personal security and privacy. Xiao and Krebs tested the exploit on several cell phone users, including one in Canada. In addition to finding the phones’ location to within 100 yards without the targets’ consent, the data could be plugged into Google Maps to determine the tracked phone’s direction of movement. But this week Robert Xiao, a PhD candidate at Carnegie Mellon University, told the security site KrebsOnSecurity that he had discovered a huge flaw in a demo tool that LocationSmart provided to potential customers. A bug in the free demo version of a service called LocationSmart made it easy for a moderately savvy attacker to anonymously track the location of nearly any U.S. cell phone, before the bug was identified by a security researcher.

Serial killers tend to gravitate to similar jobs — and some of them might surprise you

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businessinsider.com | May 19 @ 13:38

But in fact, occupations and serial murders are often linked, and some specific full-time and part-time jobs are strangely over-represented among serial killers. Religious officialObviously, not everyone occupying these jobs is a serial killer, nor are they likely to become one. Automobile upholstererTop 3 semi-skilled serial killer occupations:1. Warehouse managerTop 3 unskilled serial killer occupations:1. Gas station attendantTop 3 professional/government serial killer occupations:1.

Heart-stopping video shows a Saudi C-130H flying just over a soldier's head in Yemen

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businessinsider.com | May 19 @ 13:33

Screenshot/YouTube via Sulaiman AmA YouTube video emerged on Friday showing a Saudi C-130H flying very low over a soldier's head in Yemen, The War Zone first reported. C-130s are large transport aircraft, which are vital to Saudi Arabia's operations in Yemen, The War Zone reported. In late January, Germany and Norway announced that they would stop selling weapons to countries in the Saudi-led coalition over the war in Yemen. The Saudi-led coalition has since been accused of conducting indiscriminate and unlawful airstrikes, as well as blocking food, fuel, and medicine into the country, according to Human Rights Watch. A number of countries are part of the Saudi-led coalition, including the US, but Saudi Arabia and the UAE are the main actors conducting airstrikes in the war-torn country.

Heart-stopping video shows a Saudi C-130H flying just over a soldier's head in Yemen

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businessinsider.com | May 19 @ 13:33

Screenshot/YouTube via Sulaiman AmA YouTube video emerged on Friday showing a Saudi C-130H flying very low over a soldier's head in Yemen, The War Zone first reported. C-130s are large transport aircraft, which are vital to Saudi Arabia's operations in Yemen, The War Zone reported. In late January, Germany and Norway announced that they would stop selling weapons to countries in the Saudi-led coalition over the war in Yemen. The Saudi-led coalition has since been accused of conducting indiscriminate and unlawful airstrikes, as well as blocking food, fuel, and medicine into the country, according to Human Rights Watch. A number of countries are part of the Saudi-led coalition, including the US, but Saudi Arabia and the UAE are the main actors conducting airstrikes in the war-torn country.

Gap's constant discounts come with a hidden downside that's infuriating loyal customers

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businessinsider.com | May 19 @ 13:30

Gap Cash coupons causing issuesGap runs a program called Gap Cash whereby shoppers can earn back rewards on purchases. She told Business Insider that on the last day of the previous Gap Cash promotion period, she was sent a message that said, "Gap Cash combinable with today's deal. Plus, the Gap Cash coupons cannot be combined with some other promotions. "It's almost like a drug," Tiffany Hogan, a retail analyst for Kantar Retail, told Business of Fashion in 2016. "She thought she could finally combine the Gap Cash with the extra 20% off, she said, but that wasn't the case.

Gap's constant discounts come with a hidden downside that's infuriating loyal customers

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businessinsider.com | May 19 @ 13:30

Gap Cash coupons causing issuesGap runs a program called Gap Cash whereby shoppers can earn back rewards on purchases. She told Business Insider that on the last day of the previous Gap Cash promotion period, she was sent a message that said, "Gap Cash combinable with today's deal. Plus, the Gap Cash coupons cannot be combined with some other promotions. "It's almost like a drug," Tiffany Hogan, a retail analyst for Kantar Retail, told Business of Fashion in 2016. "She thought she could finally combine the Gap Cash with the extra 20% off, she said, but that wasn't the case.

The new Fed looks like it's ready to dump mortgage-backed securities

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businessinsider.com | May 19 @ 13:27

So in this sense, what he said about mortgage-backed securities on the Fed's balance sheet is fascinating: The Fed should shed them entirely, down to zero. "Then he was asked about "non-Treasury instruments, like mortgage-backed securities," for QE - that the Fed, when selecting non-Treasury securities, would be getting into something that it shouldn't, namely "allocating credit. Like Powell, Clarida said he "absolutely" supports the Fed's normalization of interest rates and the balance sheet. "He then added that, "as a general proposition, my preference would be to have the balance sheet as much as possible in Treasury securities. "Shedding MBS from the balance sheet entirely and keeping them off could have a big impact.

Trump’s Feud With Amazon Has Nothing to Do With Defending the Postal Service

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fortune.com | May 19 @ 13:19

Trump has framed his stance on shipping rates as a defense of the Post Office, which he claims is losing money on its contract with Amazon. According to the Washington Post, Brennan has explained, in conversations with Trump stretching back at least to 2017, that the Post Office’s relationship with Amazon is beneficial. Trump has frequently mentioned the Post in conjunction with his claims about Amazon and the USPS, including claiming that the Post is a “lobbyist” for Amazon. Claims about the USPS’s business practices, then, appear to be just one convenient line of attack in a fundamentally tangential feud. It’s all about the Washington Post, which has been frequently critical of Trump, and is also owned by Amazon CEO Jeff Bezos.

Why Italy's Bodacious "B-List" Cities Should Be On Your A-List

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forbes.com | May 19 @ 13:19

Enter what you might call Italy's B-list cities, which are not huge, may not host prestigious film festivals (so what? The Portico of San Luca is the longest and links the medieval city gate of Porta Saragozza with San Luca Sanctuary. Anthony GrantNo, its not just because the pizza you'll find in Italy's smaller cities will likely be cheaper than comparable pies in the big touristy cities like Florence and Rome. Fittingly for a university town, there’s even the MEUS: the Museum of European Students, with collections dating back to the 1200s. Eat up before taking on sights like the Civic Archaeological Museum of Bologna, The Museo di Palazzo Poggi (art and science museum) and evocative Jewish Museum of Bologna.

Meghan Markle And Prince Harry, New Duke And Duchess Of Sussex: Best Wedding Photos

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forbes.com | May 19 @ 13:17

The wedding of the year - Prince Harry and Meghan Markle - exceeded all expectations. Prince Charles, the father of the groom, accompanied her for the last part of the walk to the altar where a nervous Prince Harry, dressed in a sober black-and-red uniform waited for her. Next to him, his brother, Prince William, in the same uniform, served as best man. Here are some of the best photos of the historical event that for months has captivated the romantic imagination of millions of people around the globe: As thousands of people cheered outside Windsor Castle, with St.Georges chapel packed by British royals and Hollywood celebrities, the couple who from this day will be officially known as the Duke and Duchess of Sussex made their vows in a traditional ceremony that to the surprise of many had some modern, uplifting and forceful American touches.


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