Getting in Shape
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Good News- now is always up up up
When people start out on adult life, they are, on average, pretty cheerful. Things go downhill from youth to middle age until they reach a nadir commonly known as the mid-life crisis. So far, so familiar. The surprising part happens after that. Although as people move towards old age they lose things they treasure—vitality, mental sharpness and looks—they also gain what people spend their lives pursuing: happiness.
I guess low expectations are a big part of happiness, to like what you have, to enjoy the little things and to have more money. All that is possible when you pass the 50's .
I am almost there!
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Curiosity
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College grads still aren’t finding “college jobs.”
1.Much of higher education consists of learning to make yourself look good. It's an essential skill, but you might as well learn something else while you're there too.Chris Guillebeau
2.Some people get an education without going to college; the rest get it after they get out.
Mark Twain
I am not so pessimistic
i don't know if the extra money you make for having a college degree is enough to pay for the huge cost of attending one of the best. That i don't know.
but i know how companies and corporations think: If you need to compete for a place in a good college, you take tests, you are interviewed, you compete with thousand of the smart kids in the world so corporations use the college grades as a hiring method.
If you came from a good college you are ok.
As a bonus for attending a good college you become friends with people who are going to held the best jobs.
i don't think you learn a lot in College, you were already the best and you are still the best when you exit.
More about the same subject
College a waste of time and money for kids, FT
Here is what's wrong with college.
First, and foremost, it's too expensive. To send a kid to college you need from $200,000 to $400,000. That's insane. There's no way the incremental advantage they get from having a diploma will ever pay back that amount. Perhaps for the first time the opportunity cost (a phrase I remember from Economics 101) of college does not equal the extra profits generated by the degree.
Second, I don't believe in a balanced education. Most colleges require students to take a smattering of art, maths, sciences and so forth. Taking 10 courses a year on wildly different topics, with enormous homework responsibilities, not to mention droning, boring professors for at least eight of the 10, is the surest formula for creating complete non-interest and inability to remember anything in any of the topics covered. What a waste of $400,000.
And third, there are far better uses of time. One reader asked what her kid should be doing instead of college. Here are some of my responses:
1. Working - not just a labour or service job, but there are internet-content jobs out there. I have high school and college kids working for me who are making over $50,000 a year from writing gigs on the internet. Scour Craigslist for opportunities, your favourite blogs, or websites related to your favourite interests. Companies are dying for good content. Create your own blog, get yourself noticed, build relationships with other content companies and communities.
2. Take half the fee for one semester, give it to your kid, and tell him or her to start a business. Not every youngster has entrepreneurial sensibilities, but it's always worth trying once. The cost for starting a business is next to zero, so it's a viable alternative. What business should they start? For one thing, now that Facebook and MySpace have open development platforms, try out a few applications for these platforms; for a few hundred dollars you can outsource development of these applications to India, and get your friends to start trying them. Make sure they are viral (that is, a message should appear "click here to get all your friends to try XYZ") and see which ones are a success. I mention Facebook and MySpace because every kid is familiar with these sites and comfortable with the subtleties, and it's this comfort that can create the best businesses.
3. Spend a year trying to become good at one thing. Whatever your child's greatest interest is, whether cooking, chess, writing, maths, there are so many resources on the internet available for learning that college is almost the last place a kid should go to pursue a passion. Intense immersion in a favourite topic is the surest way to become an expert in that field.
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What can we do that computers don't do?
Most people complete the majority of their formal education by their early 20s and expect to draw on it for the better part of a century. But a computer can learn in seconds most of the factual information that people get in high school and college, and there will be a great many generations of new computers and robots, improving at an exponential rate, before one long human lifetime has passed.http://www.nytimes.com/2015/05/24/upshot/what-to-learn-in-college-to-stay-one-step-ahead-of-computers.html?smprod=nytcore-iphone&smid=nytcore-iphone-share&_r=0&abt=0002&abg=0
What can we do that computers don't do? be the owner of the business, do some non repetitive physical work (waiter, plumber, bike repair, football player, actor, singer, Shiatsu practitioner, etc...)
The era of the overeducated barista is here to stay. College graduates are still spending more and more years (and money) to get worse and worse entry-level jobs. From The Atlantic
Or we can be the guy who maintains and improves the robot's.
And last but not least we can be nice and provide the human touch and this is an area computers will never excel at.
all the rest are going to be replaced by Robots by the simple reason they are better and cheaper to maintain. In the airports where the trains are automated there are no accidents.
More about the same subject:
http://thoughtmeme.blogspot.pt/2014/02/when-we-are-born-we-know-nothing-zero.html
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Can we control disease? YES
In the 1970s my colleague Judith Rodin and I conducted an experiment with nursing home residents.1 We encouraged one group of participants to find ways to make more decisions for themselves. For example, they were allowed to choose where to receive visitors, and if and when to watch the movies that were shown at the home. Each also chose a houseplant to care for, and they were to decide where to place the plant in their room, as well as when and how much to water it. Our intent was to make the nursing home residents more mindful, to help them engage with the world and live their lives more fully.A second, control group received no such instructions to make their own decisions; they were given houseplants but told that the nursing staff would care for them. A year and a half later, we found that members of the first group were more cheerful, active, and alert, based on a variety of tests we had administered both before and after the experiment. Allowing for the fact that they were all elderly and quite frail at the start, we were pleased that they were also much healthier: we were surprised, however, that less than half as many of the more engaged group had died than had those in the control group.
Ellen J Langer
This is amazing and makes me think about how I should educate my children. Perhaps I should make them make more small choices. Give them a sensation of control. That would help them in everything in life.
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UK Inflation below zero for the first time since 1960
UK Inflation below zero! Why? i guess excess capacity+Technology improvements = prices go down & downWe are being afflicted with a new disease of which some readers may not yet have heard the name, but of which they will hear a great deal in the years to come – namely, technological unemployment. This means unemployment due to our discovery of means of economising the use of labour outrunning the pace at which we can find new uses for labour.
John Maynard Keynes 1930
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TransPortugal 2015
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Some Notes !
1.From the FT
Mark Urban writes: “The size of western armed forces, their stocks of weaponry and their readiness for combat, all continue to decline . . . The Edge, the west’s advantage, and along with it the ability to deter people in parts of the world from doing desperate things, is going, if it has not already disappeared.”
Mark Urban writes: “The size of western armed forces, their stocks of weaponry and their readiness for combat, all continue to decline . . . The Edge, the west’s advantage, and along with it the ability to deter people in parts of the world from doing desperate things, is going, if it has not already disappeared.”
2.Hacker on packed passenger jet took control of
plane and made it fly sideways using laptop
A HACKER is at the centre of an FBI probe after he took control of a
plane from his passenger seat by using the in-flight entertainment system - and
made it fly sideways.
PUBLISHED:
06:21, Mon, May 18, 2015 | UPDATED: 07:56, Mon, May 18, 2015
3. U.K. Inflation Rate Falls Below Zero for First Time
Since 1960
(Updates with pound in
fifth paragraph.)
By Scott Hamilton
4.From the Aden Forcast
THE CULPRIT
Looking at the big picture, the main culprit overriding the world environment is debt . World debt, for example, has surged 40% since the last recession in 2008. In the U.S., total debt is over $17 trillion and it’s doubled over the past seven years. That is, it has passed the tipping point. This means debt has become a load on the economy’s shoulders, weighing it down and fueling deflation.
5. Of course rates are going down with no growth and no inflation!
5. Of course rates are going down with no growth and no inflation!
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if you work for an Asshole ?
From FT Lucy KellawayEvery modern management expert will tell you that CEOs who are arseholes no longer survive. The most successful leaders are supposed to be the humble ones, who listen and take people with them. Mr Armstrong is living proof that this is nonsense. If you enrich your shareholders — which you tend to do if you are hell-bent on succeeding — you can be as nice or as nasty as you like.
Of course assholes can win. In fact these days it doesn't matter if you are a jerk to your internal staff. If you are a jerk for the public that might hurt your image and the brand of your company.
But as Lucy Kellaway said you have to deliver results and in this world in many businesses people are easily replaced. The power of the employee is coming down big time. The automation and the excess supply of people make it easy to replace anyone.
The only way to be treated decently is to be unique and to be unique you can't be easily replaced.
4 tips
1.Know something no one knows
2.Know a lot about something vs a bit of everything
3.study everyday forever
4.Be a people person, these are the most difficult to replace
From the Economist
Highly skilled work, on the other hand, has become increasingly concentrated in jobs requiring complex cognitive or interpersonal tasks: managing a business, developing a new product or advising patients. As non-routine work has become more prized, supply and demand in the labour market have become increasingly unbalanced. Many cognitively complex jobs are beyond the abilities even of people with reasonable qualifications. The wage premium for college graduates has held steady in recent decades, but that is mainly because of the rising premium earned by holders of advanced degrees. The resulting competition for lower-level work has depressed wage growth, leading to stagnant pay for typical workers.Technology has created a growing reservoir of less-skilled labour while simultaneously expanding the range of tasks that can be automated. Most workers are therefore being forced into competition both against each other and against machines. No wonder their share of the economic pie has got smaller, in developing economies as well as in the rich world.
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why?
Vibrant, multi-hued painting from Pablo Picasso set a world record for artwork at auction, selling for $179.4 million on Monday night, and a sculpture by Alberto Giacometti set a record for most expensive sculpture, at $141.3 million.Picasso's "Women of Algiers (Version O)" and Giacometti's life-size "Pointing Man" were among dozens of masterpieces from the 20th century Christie's offered in a curated sale titled "Looking Forward to the Past."
The Picasso price, $179,365,000, and the Giacometti price, $141,285,000, included the auction house's premium. The buyers elected to remain anonymous.
I have 4 explanations?
1.Money is cheap
2.Art it's a good way to store a lot of money
3.Art is a good way to pay someone and that someone is not taxed. Zero!
4.Big Get bigger, everybody wants to have the best, the only one. In history there was never a better period to be the nº1
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When the right is able to do right they win!
From the FTMr Krugman was equally relentless in predicting that austerity would lead to recession; indeed, he insisted that the UK’s economic performance would be worse than during the Great Depression. In April 2012 he warned darkly that Britain would “continue on a death spiral of self-defeating austerity”.
It was, he lamented, a “policy disaster” that would cause a double-dip recession and “cripple the UK economy for many years to come”.
In fact, there was no double-dip recession. The UK had the best performing of the G7 economies last year, with a real gross domestic product growth rate of 2.6 per cent. In 2009, the last full year of Labour government, the figure was minus 4.3 per cent. Moreover, far from being in depression, the UK economy has generated more than 1.9m jobs since May 2010. UK unemployment is now 5.6 per cent, roughly half the rates in Italy and France. Weekly earnings are up by more than 8 per cent; in the private sector, the figure is above 10 per cent. Inflation is below 2 per cent and falling.
http://www.ft.com/intl/cms/s/0/9dd9c7ee-f71c-11e4-99aa-00144feab7de.html#axzz3ZqJlH7vT
In my country the right government was unable to do a right wing policy. Instead they had to raise taxes because expenses are fixed (The law doesn't let you to cut salaries or pensions) Probably they will lose the next election.
When the left loses their hope is to prevent the right to do their stuff, if they do what they should do they will have results. Communism always leads to poverty. It could take time but it's a sure thing.
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Automation = Unemployment
From FT,
Siemens plans to cut a further 4,500 jobs to help turn round its power and gas division and other underperforming businesses that contributed to a mixed start to 2015 for the German engineering conglomerate.
The cuts are equivalent to slightly more than 1 per cent of its global workforce and come on top of some 7,800 administrative redundancies announced in February.From Bloomberg,
Zynga Inc. founder Mark Pincus is cutting 18 percent of the casual-games company’s work force, less than a month after retaking the reins as chief executive officer.
The firings, amounting to 364 jobs, are part of a cost-reduction plan that will save $100 million annually, the company said Wednesday in a statement.
In many cases, jobs that used to be done by people are going to be able to be done through automation. I don't have an answer to that. That's one of the more perplexing problems of society.
In many cases the biggest cost a company has is Labor. So if you want to cut costs you have to cut labor. Automation is a way to do it. I expect more and more people become without job.
what will people do?
Some people will do R&D. Study for life. They will be well paid. They will program the computers, they will invent the Future..
Lot's of people will have cheap jobs serving tables, cleaning, driving, delivering, babysitting, etc...
The rest will engage in sports and other activities to spend their time, some will be depressed of course.
many will figure out that they paid for an education that is worthless
The government will pay people to survive. That is the big trend.
With this scenario it's obvious that the owners of the companies and the r&D workers that i mentioned before will make almost all the money. The rest will survive.
The left parties will win more & more. Their policies will not work of course.
I forgot, the sport Stars like CR7 and Leo Messi will make more & more money. Idle people will pay a lot to spend their time watching their stars.
How many lumbers can this machine replace? more than 100 !
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My son first Bike ride!
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i love this 60's add
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What are you thinking? I will be able to guess...............
Mind control is the stuff of pure science fiction, but today reading data from your brain has never been more accurate, and that opens the way to, for example, controlling machines.A recent drone flight from an airfield outside Lisbon may prove to be historic. Its flight was remotely controlled by the pilot’s mind. It’s an impressive result delivered by a European research project to develop technology to transform the lives of disabled people.
“It’s the first time we’ve done a public demonstration of a real flight, that’s completely unprecedented,” says the Tekever Brainflight project’s co-ordinator Ricardo Mendes
Like most drones, the unmanned plane receives radio commands from the ground. But instead of using a joystick and buttons, the pilot just thinks of the direction the plane should take.
“We’re switching from normal control to the “brain flight”. From this moment, it will be flown by the brainwaves of the pilot,” says Mendes.
The researcher at the controls focuses his attention on the screen with the parameters of the flight. It takes some mental effort to steer the drone in the required direction, keeping it within the designated area.
http://www.euronews.com/2015/04/20/portuguese-researchers-discover-the-secret-of-mind-control/
Some notes on this:
1.I didn't think this kind of research was possible to happen in my country! Portugal. I thought you would need an extended team that our country can't fund. Obviously i was wrong.
2.If we are developing a technology to read what the brain is thinking and then airwave it to a machine with the translated orders i guess one day we can reverse the process and guess what someone is thinking!!!!
3.I have the view that everything that Physically possible to be invented is going to be invented very soon. This a step in that direction.
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Francisco Carneiro
Lisbon Family Office
There is always a Bull market in the World
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