Americans lost $116.9 billion gambling in 2016.
- Gambling addiction has been shown to have the same pharmacological effects as opiates.
- Eighty-five percent of all gambling revenue comes from slot machines.
- Casinos are designed to disorient and confuse patrons, from the lighting and carpeting to the key of machine sounds.
Dear millennials. Ask for a raise. Every single year.
- Millennials objectively have it harder than past generations. Wages are stagnant while housing, healthcare, and education costs soar.
- Ask for a raise every year. Hobbes frames it like this: "If your company is employing you they are making money off of you, and you are entitled to some percentage of that money."
- Advice for millennials: Don't plead poverty to get a raise. State your value, or job hop to a company that will pay you more.
The sharp drop-off in world trade growth is a major risk in the coming year.
The global economy started 2018 with strong, synchronized growth. But as the year progressed, momentum faded and growth trends diverged. The US economy accelerated, thanks to fiscal stimulus enacted early in the year, while the economies of the Eurozone, the UK, Japan and China began to weaken. These divergent trends will persist in 2019. IHS Markit predicts global growth will edge down from 3.2% in 2018 to 3.1% in 2019, and keep decelerating over the next few years.
Sure we know it would be bad, but what do all of these scary numbers really mean?
- At the press time, the value was $21.7 trillion dollars.
- Lots of people know that a default would be bad, but not everybody seems to get how horrible it would be.
- While the risk is low, knowing what would happen if a default did occur is important information for all voters.
Does money, even when borrowed, make us happier – or does the state of owing money add to our dissatisfaction and stress?
Humans have long debated the adage ‘Money can’t buy you happiness.’ Popular opinion suggests that, indeed, it cannot, but more recently researchers have challenged this notion. Based on extensive studies, investigators found that money, or income, can contribute to your happiness. In our capitalist society, income leads to increases in happiness to the extent that funds are required to attain the things that lead to happiness. By meeting needs for shelter or food, allowing the purchase of a home or groceries, or opening the window to experiences such as adventure or travel, money can increase our sense of satisfaction with life.
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