10 Cents Quotes

Getting an inch of snow is like winning 10 cents in the lottery.

A Decalogue of Canons for Observation in Practical Life: 1. Never put off to tomorrow what you can do to-day. 2. Never trouble another with what you can do yourself. 3. Never spend your money before you have it. 4. Never buy a thing you do not want, because it is cheap, it will be dear to you. 5. Take care of your cents: Dollars will take care of themselves. 6. Pride costs us more than hunger, thirst and cold. 7. We never repent of having eat too little. 8. Nothing is troublesome that one does willingly. 9. How much pain have cost us the evils which have never happened. 10. Take things always by their smooth handle. 11. Think as you please, and so let others, and you will have no disputes. 12. When angry, count 10. before you speak; if very angry, 100.

I once heard a theory about the first relationship that occurs after a big relationship ends. It’s called the 90/10 rule. The theory goes: whatever the crucial 10 per cent is that was missing from your partner who was otherwise totally right for you is the thing you look for in the following person. That missing 10 per cent becomes such a fixation that, when you do find someone who has it, you ignore the fact they don’t have the other 90 per cent that the previous partner had.

The top 10 per cent of the US population appropriated 91 per cent of income growth between 1989 and 2006, while the top 1 per cent took 59 per cent.

The grandmothers decided on William’s eighth birthday that the time had come for the boy to learn the value of money. With this in mind, they allocated him one dollar a week as pocket money, but insisted that he keep an inventory accounting for every cent he spent. Grandmother Kane presented him with a green leather-bound ledger, at a cost of 95 cents, which she deducted from his first week’s allowance. From then on the grandmothers divided the dollar up every Saturday morning. William could invest 50 cents, spend 20 cents, give 10 cents to charity and keep 20 cents in reserve. At the end of each quarter they would inspect the ledger and his written report on any unusual transactions.

In 2016, it was revealed by the Higher Education Statistics Agency that almost 70 per cent of the professors teaching in British universities are white men.10 It’s a dire indication of what universities think intelligence looks like.

It’s pretty hard to get to another star system. Alpha Centauri is four light years away, so if you go at 10 per cent of the speed of light, it’s going to take you 40 years, and that’s assuming you can instantly reach that speed, which isn’t going to be the case. You have to accelerate. You have to build up to 20 or 30 per cent and then slow down, assuming you want to stay at Alpha Centauri and not go zipping past. It’s just hard. With current life spans, you need generational ships. You need antimatter drives, because that’s the most mass-efficient. It’s doable, but it’s super slow.

Humans lived for several million years as fully wild beings: only in the last 10, 000 did we invent agriculture; only in the last couple of centuries did we invent industry. We are a species that has spent 99 per cent of its history as hunter-gatherers. We haven't had time for our unconscious minds and our unconscious needs to have changed. If you like, our souls have not changed, and this is true whether or not we believe that we have them.

In the Banda Islands, ten pounds of nutmeg cost less than one English penny. In London, that same spice sold for more than £2.10s. – a mark-up of a staggering 60,000 per cent. A small sackful was enough to set a man up for life, buying him a gabled dwelling in Holborn and a servant to attend to his needs

70 per cent to avoid a humiliating defeat (to our reputation as a guarantor) – 20 per cent to keep South Vietnam (and the adjacent territory) from Chinese hands – 10 per cent to permit the people of South Vietnam to enjoy a better, freer way of life’.

From the sixteenth to the nineteenth centuries, about 10 million African slaves were imported to America. About 70 per cent of them worked on the sugar plantations.

collecting 10 per cent on high incomes and lower rates on lower incomes constituted undue discrimination against wealth.

Federal Officer: "The arms piled on the ground were not worth 10 cents a ton.

Allegedly, 50 per cent of Americans believe that the Earth was created less than 10,000 years ago, which if true says something rather sad about the most expensive education system in the world.

i remember el salvador, /n it’s horse shit, like i tell you. i stopped chasing the messiahs /n madonnas - wised up, set myself straight. i’ve laid em /n balled em in every half-way house south of biloxi, every 10 cent bed west of tulsa, fucked /n slobbered myself stupid on swingsets, greyhounds /n gas station floors the world over. i’ve split em in half from head to ass in elevator shafts, plus-size fitting rooms, in the lobbies of sheraton inns /n kfc parking lots - fucked em everywhere every way that i could. someone else can fuck em now. i’m done w/ el salvador. i know her militias her perfume, munitions, her missing hubcaps /n posters of paris. i know her goyas, her barricades, her paintboxes /n bookshelves of baudelaire, her banners, her bullshit /n paris can keep her.

In 1970, American women were paid 59 cents for every dollar their male counterparts made. By 2010, women had protested, fought, and worked their butts off to raise that compensation to 77 cents for every dollar men made.10 As activist Marlo Thomas wryly joked on Equal Pay Day 2011, “Forty years and eighteen cents. A dozen eggs have gone up ten times that amount.”11

Pakistan was created in 1947, Hindus were 15 per cent of the population but were less than 2 per cent by 1998. In Bangladesh of 1931, Hindus were around 30 per cent of the population but are less than 10 per cent today.’ ‘Yes,’ said Thakur. ‘Contrast that with the Muslim population of India that was less than 10 per cent in 1951 and grew to over 14 per cent by 2011. Secularism is the only way to allow people to flourish.

All Negroes shall be prohibited from voting, holding public office, practicing law, medicine, or teaching in any class above the grade of grammar school, and they shall be taxed 100 per cent of all sums in excess of $10,000 per family per year which they may earn or in any other manner receive.

Half a wing could save your life by easing your fall from a tree of a certain height. And 51 per cent of a wing could save you if you fall from a slightly taller tree.

Around 75 per cent of the wet weight of faeces is bacteria; plant fibre makes up about 17 per cent.

The top tier of landowners in England remains Norman: 70 per cent of the country is owned by 10 per cent of the people,20 most of them descendants of Norman invaders.

One should avoid carrying out an experiment requiring more than 10 per cent accuracy.

46 per cent believe that God created humans in their current form sometime during the last 10,000 years,

Life is 10 per cent what happens to you and 90 per cent how you respond to it.

A 10 per cent compounding improvement in the price and performance of a technology would result in it becoming more than 2.5 times more powerful for the same price every 10 years.

Banks are allowed to loan $10 for every dollar they actually possess, which means that 90 per cent of all the money in our bank accounts is not covered by actual coins and notes.2

Banks are allowed to loan $10 for every dollar they actually possess, which means that 90 per cent of all the money in our bank accounts is not covered by actual coins and notes.

switched to slaves. From the sixteenth to the nineteenth centuries, about 10 million African slaves were imported to America. About 70 per cent of them worked on the sugar plantations.

And what percentage of people take up the option to die off?’ She looked at me, her glance telling me to be calm. ‘Oh, a hundred per cent, of course. Over many thousands of years, calculated by old time, of course. But yes, everyone takes the option, sooner or later.’ ‘So it’s just like the first time round? You always die in the end?’ ‘Yes, except don’t forget the quality of life here is much better. People die when they decide they’ve had enough, not before. The second time round it’s altogether more satisfying because it’s willed.’ She paused, then added, ‘As I say, we cater for what people want.’ I hadn’t been blaming her. I’m not that sort. I just wanted to find out how the system worked. ‘So … even people, religious people, who come here to worship God throughout eternity … they end up throwing in the towel after a few years, hundred years, thousand years?’ ‘Certainly. As I said, there are still a few Old Heaveners around, but their numbers are diminishing all the time.

I said earlier, with more than 10 per cent of the African population being well educated, this type of excuse will do a great disservice to our continent, as well as to future generations of Africans, who will ask how we stood by with our eyes wide open and let another ‘Scramble for Africa’ take place. I remember sounding the same type of alarm in my keynote address to the Black Management Forum on 13 October 2005, when I stated, ‘Finally, I must sound this note of warning to Africa: there is a new kind of slavery marching through Africa – it is the economic giant called China. Yes, it is stimulating and exciting seeing the competition the Chinese are giving to the Western world in Africa. But we are again abandoning our independence for a quick solution to our economic woes. Africa needs to suffer a little if we are going to build a solid economic base for the generation of Africans to come.

Having worked as a clinician for almost 40 years, I have seen some young adults, who had the classic, clear and conspicuous signs of Asperger’s syndrome in early childhood, achieve over decades a range of social abilities and improvements in behaviour such that the diagnostic characteristics became sub-clinical; that is, the person no longer has a clinically significant impairment in social, occupational, or other important area of functioning. There may still be very subtle signs of Asperger’s syndrome, but when the diagnostic tests are re-administered, the person achieves a score below the threshold to maintain the diagnosis. There is now longitudinal research that is starting to confirm clinical experience that about 10 per cent of those who originally had an accurate diagnosis of Asperger’s syndrome in childhood no longer have sufficient impairments to justify the diagnosis (Cederlund et al. 2008; Farley et al. 2009).

For instance, the oft-repeated idea that ‘we only use 10 per cent of the brain’ has no basis in fact, although recent research suggests that people who perpetually repeat that we only use 10 per cent of the brain may be using even less of theirs.

As a general rule of thumb, about 5 per cent of tanks in a given unit will break down for mechanical reasons after a 100km road march, although most can be repaired within a few hours. Just three years before Barbarossa, nearly 30 per cent of the 2.Panzer-Division’s tanks broke down on the unopposed 670km road march to Vienna, along good roads.3 If the panzer divisions suffered a similar scale of combat losses as in the 1940 Western Campaign, no more than 10–20 per cent of the original panzers would be likely to reach their objectives.

Incredibly, the human brain does all of its mega-computing on roughly 20 watts of power, which is the equivalent of a very dim light bulb. By comparison, a supercomputer capable of a similar rate of computation requires 200,000 watts – in other words, it is 10,000 times less energy-efficient than the human brain. Despite the human brain’s efficiency, however, it is extraordinarily energy hungry compared with all other tissues. While accounting for only 2 to 3 per cent of the mass of an adult, it consumes about 20 per cent of the body’s oxygen.

These days, it literally is all about ‘me’. In an analysis of over 750,000 books published between 1960 and 2008, Jean Twenge and her colleagues found that the use of first person plural pronouns (i.e. We, Us) decreased 10 per cent, while during this same timeframe, the use of first person singular pronouns (i.e. I, Me) increased 42 per cent, and second person pronouns (i.e. You, Your) quadrupled.

At its worst, neo-liberalism takes a dynamic system like free market capitalism, which is capable of spectacular creativity and ingenuity, and reduces it to a boring exercise in ‘how we can buy these widgets 10 per cent cheaper’. It has also propelled a narrow-minded technocratic caste into power, who achieve the appearance of expert certainty by ignoring large parts of what makes markets so interesting.

Hitler’s royalties—his chief source of income from 1925 on—were considerable when averaged over those first seven years. But they were nothing compared to those received in 1933, the year he became Chancellor. In his first year of office Mein Kampf sold a million copies, and Hitler’s income from the royalties, which had been increased from 10 to 15 per cent after January 1, 1933, was over one million marks (some $300,000), making him the most prosperous author in Germany and for the first time a millionaire.* Except for the Bible, no other book sold as well during the Nazi regime, when few family households felt secure without a copy on the table. It was almost obligatory—and certainly politic—to present a copy to a bride and groom at their wedding, and nearly every school child received one on graduation from whatever school.

Banks are allowed to loan $10 for every dollar they actually possess, which means that 90 per cent of all the money in our bank accounts is not covered by actual coins and notes.2 If all of the account holders at Barclays Bank suddenly demand their money, Barclays will promptly collapse (unless the government steps in to save it). The same is true of Lloyds, Deutsche Bank, Citibank, and all other banks in the world.

Harlem, physically at least, has changed very little in my parents’ lifetime or in mine. Now as then the buildings are old and in desperate need of repair, the streets are crowded and dirty, there are too many human beings per square block. Rents are 10 to 58 per cent higher than anywhere else in the city; food, expensive everywhere, is more expensive here and of an inferior quality; and now that the war is over and money is dwindling, clothes are carefully shopped for and seldom bought. Negroes, traditionally the last to be hired and the first to be fired, are finding jobs harder to get, and, while prices are rising implacably, wages are going down. All over Harlem now there is felt the same bitter expectancy with which, in my childhood, we awaited winter: it is coming and it will be hard; there is nothing anyone can do about it.

According to a 2012 Gallup survey, only 15 per cent of Americans think that Homo sapiens evolved through natural selection alone, free of all divine intervention; 32 per cent maintain that humans may have evolved from earlier life forms in a process lasting millions of years, but God orchestrated this entire show; 46 per cent believe that God created humans in their current form sometime during the last 10,000 years, just as the Bible says. Spending three years in college has absolutely no impact on these views. The same survey found that among BA graduates, 46 per cent believe in the biblical creation story, whereas only 14 per cent think that humans evolved without any divine supervision. Even among holders of MA and PhD degrees, 25 per cent believe the Bible, whereas only 29 per cent credit natural selection alone with the creation of our species.1

Having seen several hundred lease agreements entered into by people I have counseled, my financial calculator confirms that the average interest rate is 14 percent. Shouldn’t you lease or rent things that go down in value? Not necessarily, and the math doesn’t work on a car, for sure. Follow me through this example: If you rent (lease) a car with a value of $22,000 for three years, and when you turn it in at the end of that three-year lease the car is worth $10,000, someone has to cover the $12,000 loss. You’re not stupid, so you know that General Motors, Ford, or any of the other auto giants aren’t going to put together a plan to lose money. Your fleece/lease payment is designed to cover the loss in value ($12,000 spread over 36 months is equal to $333 per month), plus provide profit (the interest you pay). Where did you get a deal in that? You didn’t! On top of that, there is the charge of 10 to 17 cents per mile for going over the allotted miles and the penalties everyone turning in a lease has experienced for “excessive wear and tear,” which takes into account every little nick, dent, carpet tear, smudge, or smell. You end up writing a large check just to walk away after renting your car. The whole idea of the back-end penalties is twofold: to get you to fleece/lease another one so you can painlessly roll the gotchas into the new lease, and to make sure the car company makes money.

From the sixteenth to the nineteenth centuries, about 10 million African slaves were imported to America. About 70 per cent of them worked on the sugar plantations. Labour conditions were abominable. Most slaves lived a short and miserable life, and millions more died during wars waged to capture slaves or during the long voyage from inner Africa to the shores of America. All this so that Europeans could enjoy their sweet tea and candy – and sugar barons could enjoy huge profits.

Framing isn’t about lying and deception; it’s about knowing how to present your product or service through the most factual and compelling lens. For example, it’s more appealing to say a food product is 90 per cent lean than to say it contains 10 per cent fat. Both are true, but one frame is more psychologically alluring. These examples illustrate an important but too often forgotten principle in branding, marketing and business: reality is nothing more than perception and context is king.

To summarize my trading strategy for VWAP Moving Average Trend trading: When I am monitoring a Stock in Play and notice a trend is establishing around a moving average (usually 9 EMA) in the Late-Morning session, I consider VWAP Moving Average Trend trading. If the stock has already lost the VWAP (from a VWAP False Breakout), it most likely will stay below the VWAP. Similarly, if the stock squeezed above the VWAP in the Late-Morning session, it is most likely that it will stay above the VWAP, as it means the buyers are in control. Once I learn that either 9 or 20 EMA are acting as either a support or resistance, I buy the stock after confirmation of moving averages as a support, but only if I can clearly see it “held” the VWAP. Similarly, I go short below the moving averages if I have the confirmation that it has “lost” the VWAP in the Late-Morning session. I buy or sell short as close as possible to the moving average line (in order to have a small stop). My stop will usually be 5 to 10 cents below the moving average line or, if a candlestick, close below the moving average (for long positions). For short positions, a close above the moving average would stop me out. I ride the trend until the break of 9 or 20 EMA. Usually, 20 EMA is a stronger support or resistance, so it is better to wait for that. I usually do not use trailing stops and I constantly monitor the trend with my eyes, but I know that many traders also use trailing stops. If the stock is moving really high away from the moving average, offering me an equally really nice unrealized profit, I may take some profit, usually at the 1/4 or half-position. I do not always wait until the break of moving average for my exit. Traders will say: you can never go broke by taking good profits. If the price pulls back to the moving average, I may add again to my position and continue the VWAP Moving Average Trend trade. Remember, when you take profit, you should always bring your stop loss to break-even. Never go red on a stock that you already booked some profit on.

She's selling CDs on the corner, fifty cents to any stoner, any homeboy with a boner. Sleet and worse - the weather's awful. Will she live? It's very doubtful. Life out here is never healthful. She puts a CD in her Sony. It's the about the pony and a pie with pepperoni and a mom with warm, clean hands who doesn't bring home guys from bands or make some sickening demands. The cold wind bites like icy snakes. She tries to move but merely shakes. Some thief leans down and simply takes. Her next CD's called Land Of Food. No one there can be tattooed or mumble things that might be crude and everything to eat is free, there's always a big Christmas tree and crystal bowls of potpourri. She's weak but still she play one more: She's on a beach with friends galore. They scamper down the sandy shore to watch the towering waves cascade and marvel at the cute mermaids who call to her and serenade. She can't resist. the water's fine. The rocks are like a kind of shrine. The foam goes down like scarlet wine. One cop stands up and says, "She's gone." The other shakes his head and yawns. It's barely 10:00, and life goes on.

Consider, for example, the following puzzle. 1. A bat and a ball cost $1.10 in total. The bat costs $1.00 more than the ball. How much does the ball cost? What’s your instinctive response? I’m guessing that it is that the ball must cost 10 cents. That can’t be right, though, can it? The bat is supposed to cost $1.00 more than the ball. So if the ball costs 10 cents, the bat must cost $1.10, and we’ve exceeded our total. The right answer must be that the ball costs 5 cents. Here’s another question: 2. If it takes 5 machines 5 minutes to make 5 widgets, how long would it take 100 machines to make 100 widgets? The setup of the question tempts you to answer 100. But it’s a trick. One hundred machines take exactly the same amount of time to make 100 widgets as 5 machines take to make 5 widgets. The right answer is 5 minutes. These puzzles are two of the three questions that make up the world’s shortest intelligence test.1 It’s called the Cognitive Reflection Test (CRT). It was invented by the Yale professor Shane Frederick, and it measures your ability to understand when something is more complex than it appears—to move past impulsive answers to deeper, analytic judgments.

Although for several centuries the Roman Catholic Church was the only legal religion in Latin America, its popular support was neither wide nor deep.5 Many huge rural areas were without churches or priests, a vacuum in which indigenous faiths persisted.6 Even in the large cities with their splendid cathedrals, mass attendance was very low – as recently as the 1950s perhaps only 10 to, at most, 20 per cent of Latin Americans were active participants in the faith.7 Reflective of the superficiality of Latin Catholicism, so few men entered the priesthood that all across the continent most of the priests had always been imported from abroad.

What in essence happened under the Treuhand was a complete transfer without compensation of property and assets accumulated over forty years through hard work and effort by GDR citizens, as well as the land they owned (which in the GDR had no monetary value as such) to, in the main, West German owners. This transfer of a country's assets — unprecedented anywhere in the world during peacetime — amounted to billions of Euros: a robbing of ordinary people for the enrichment of a few. Of those companies and individuals who bought GDR property, 80 per cent were West Germans, only 10 per cent were from other countries, and a mere 5 per cent went to GDR citizens.

Poverty certainly causes many other health problems, and malnutrition shortens life expectancy even in the richest countries on earth. In France, for example, 6 million people (about 10 per cent of the population) suffer from nutritional insecurity. They wake up in the morning not knowing whether they will have anything to eat for lunch; they often go to sleep hungry; and the nutrition they do obtain is unbalanced and unhealthy – lots of starch, sugar and salt, and not enough protein and vitamins.3 Yet nutritional insecurity isn’t famine, and France of the early twenty-first century isn’t France of 1694. Even in the worst slums around Beauvais or Paris, people don’t die because they have not eaten for weeks on end. The

At the other extreme, the consumption tax rate should be very, very high for any products that impose massive negative externalities. Consider handgun ammunition. Currently, one can buy five hundred rounds of 9 mm ammunition for about $110 from online U.S. retailers—about twenty-two cents each. But each round of ammunition has a slight chance of falling into the wrong hands and killing someone. How slight? About 10 billion rounds are sold per year in the United States. There are about thirty thousand gun-related deaths in the United States per year (including suicides, homicides, and accidents). Assuming the typical gun death involves one round of ammo, the chance that any given round will end up killing someone is about thirty thousand divided by 10 billion, or three per million. Now, a person’s life is generally reckoned to be worth about $3 million, according to the usual cost-benefit-risk analyses by highway engineers, airlines, and hospitals. If each bullet has a three per million chance of negating a $3 million life, then that bullet imposes an expected average cost on society of $9. That’s about forty times its conventional retail cost of $0.22, so, by my reasoning, it should be subject to a consumption tax rate of 4,000 percent. This is obviously a rough calculation; it ignores the injury costs of nonlethal shootings (which would increase the tax) and the crime-deterrence effects, if any, of citizens having ammo (which would decrease the tax).

The much-criticised rubber regime of Leopold II had only a brief heyday and disappeared from the tables of Congolese resources shortly after 1900 in favour of palm oil and palm nuts. The production tables also show that the population increased from 1890 onwards and was not exterminated. In 1888, And revenue from the 'red' rubber largely went to the Free State for public expenditure, including road construction and the army. These budgets, too, are never cited by the narrators, ever. Ditto for the rubber tables, which show that far more rubber arrived in Antwerp from French Congo and Angola than from the Free State in the early period. Rubber from Congo Free State accounted for barely 10 per cent of world production. The big supplier was the Amazon with 70%.

In early 2016, Amazon was given a license by the Federal Maritime Commission to implement ocean freight services as an Ocean Transportation Intermediary. So, Amazon can now ship others’ goods. This new service, dubbed Fulfillment by Amazon (FBA), won’t do much directly for individual consumers. But it will allow Amazon’s Chinese partners to more easily and cost-effectively get their products across the Pacific in containers. Want to bet how long it will take Amazon to dominate the oceanic transport business? 67 The market to ship stuff (mostly) across the Pacific is a $ 350 billion business, but a low-margin one. Shippers charge $ 1,300 to ship a forty-foot container holding up to 10,000 units of product (13 cents per unit, or just under $ 10 to deliver a flatscreen TV). It’s a down-and-dirty business, unless you’re Amazon. The biggest component of that cost comes from labor: unloading and loading the ships and the paperwork. Amazon can deploy hardware (robotics) and software to reduce these costs. Combined with the company’s fledgling aircraft fleet, this could prove another huge business for Amazon. 68 Between drones, 757/ 767s, tractor trailers, trans-Pacific shipping, and retired military generals (no joke) who oversaw the world’s most complex logistics operations (try supplying submarines and aircraft carriers that don’t surface or dock more than once every six months), Amazon is building the most robust logistics infrastructure in history. If you’re like me, this can only leave you in awe: I can’t even make sure I have Gatorade in the fridge when I need it.

After the sprout had broken through the (surface of) the ground," the handbook continues, the farmer should say a prayer to Ninkilim, the goddess of field mice and vermin, lest they harm the growing grain; he should also scare off the flying birds. When the barley has grown sufficiently to fill the narrow bottoms of the furrows, it is time to water it; and when it "stands high as (the straw of) a mat in the middle of a boat," it is time to water it a second time. He is to water it a third time when it is "royal" barley, that is, when it has reached its full height. Should he then notice a reddening of the wet grain, it is the dread samana-dis- ease, which endangers the crops. If the barley is doing well, however, he is to water it a fourth time and thus obtain an extra yield of 10 per cent.

My mother worked as a saleslady at the well-known Five Corner bakery in Journal Square during the day. Her orders were that I do at least one page of homework for every one of my subjects before she came home. It didn’t matter what my teachers would assign, those were her rules and I didn’t dare to violate them! However, I usually allowed others to make the rules and then decide whether I would follow them. Turning on our small Bakelite radio, I would ignore my mother’s rules and listen to my favorite adventure shows. “Jack Armstrong, the All-American Boy, Superman, who could leap tall buildings in a single bound, and Tom Mix were my favorite daily half-hour radio programs during the week. Tom Mix was forever solving some mystery that I could help him with, since I had a decoder badge that cost only 10 cents, along with a box top from a Ralston Purina’s “Wheat Chex” cereal box. Since it tasted like straw, wanting to get a decoder badge was the only way I would eat this blah cereal for breakfast. The radio shows were way too exciting, and my homework always took second place. When my mother finally came home and saw that I had not done my work, she would get quite upset and make me do twice as much, seated at the kitchen table where she could keep her eye on me. Being under her direct supervision wasn’t much fun, but I would sit there until she was satisfied that I had finished my assignments. My mother showed no mercy! If my father found out about my being lax, there would be hell to pay! For whatever reason, I never seemed to learn…. Oh, woe is me, woe is me…. I was in trouble again… No, I was still in trouble!

Given the country’s low birth rate, more Germans will have to follow Mr Gerloff’s example if companies are to avoid crippling shortages of skilled labour in the coming years. At 21 per cent, Germany already has a higher share of its population over the age of 65 than any other country, bar Japan. Despite a large increase in immigration last year, there are already skills shortages in some sectors, particularly in machine building and healthcare and at small and medium-sized companies in rural areas. But this is only a harbinger of the difficulties to come when German baby boomers begin retiring over the next 15 to 20 years. Between 2010 and 2030 the stock of economically active people is set to decline by almost 10 per cent to 39.1m, according to a 2012 report by the Federal Institute for Vocational Education and Training.

the Big Three own, which include America’s major airlines (American, Delta, United Continental), much of Wall Street (JPMorgan Chase, Wells Fargo, Bank of America, Citigroup) and car makers such as Ford and General Motors. Together, the Big Three are the largest single shareholder in almost 90 per cent of firms listed in the New York Stock Exchange, including Apple, Microsoft, ExxonMobil, General Electric and Coca-Cola. As for the dollar value of the Big Three’s shares, it has too many zeros to mean much. At the time of writing, BlackRock manages nearly $10 trillion in investments, Vanguard $8 trillion and State Street $4 trillion. To make sense of these numbers: they are almost exactly the same as the US national income; or the sum of the national incomes of China and Japan; or the sum of the total income of the eurozone, the UK, Australia, Canada and Switzerland.

He was a big, rather clumsy man, with a substantial bay window that started in the middle of the chest. I should guess that he was less muscular than at first sight he looked. He had large staring blue eyes and a damp and pendulous lower lip. He didn't look in the least like an intellectual. Creative people of his abundant kind never do, of course, but all the talk of Rutherford looking like a farmer was unperceptive nonsense. His was really the kind of face and physique that often goes with great weight of character and gifts. It could easily have been the soma of a great writer. As he talked to his companions in the streets, his voice was three times as loud as any of theirs, and his accent was bizarre…. It was part of his nature that, stupendous as his work was, he should consider it 10 per cent more so. It was also part of his nature that, quite without acting, he should behave constantly as though he were 10 per cent larger than life. Worldly success? He loved every minute of it: flattery, titles, the company of the high official world...But there was that mysterious diffidence behind it all. He hated the faintest suspicion of being patronized, even when he was a world figure. Archbishop Lang was once tactless enough to suggest that he supposed a famous scientist had no time for reading. Rutherford immediately felt that he was being regarded as an ignorant roughneck. He produced a formidable list of his last month’s reading. Then, half innocently, half malevolently: "And what do you manage to read, your Grice?" I am afraid", said the Archbishop, somewhat out of his depth, "that a man in my position doesn't really have the leisure..." Ah yes, your Grice," said Rutherford in triumph, "it must be a dog's life! It must be a dog's life!

Lamar Alexander, the senator from Tennessee and the most senior Republican on the committee, was asking his last questions when a witness interrupted him to point out that Congress was responsible for setting the right level for the minimum wage. Senator Alexander replied that if he could decide, there would be no minimum. No minimum wage at all. Not $15.00. Not $10.00. Not $7.25. Not $5.00. Not $1.00. The comment was delivered quite casually. It wasn’t a grand pronouncement shouted by a crazy, hair-on-fire ideologue. Instead, a longtime U.S. senator stated with calm confidence that if an employer could find someone desperate enough to take a job for fifty cents an hour, then that employer should have the right to pay that wage and not a penny more. He might as well have said that employers could eat cake and the workers could scramble for whatever crumbs fall off the table. For

In Texas in May 1916, a black farm worker named Jesse Washington, accused of murdering the white woman he worked for, was lynched in front of the Waco city hall. Washington was not hanged. First he was castrated, then his fingers were cut off, then he was raised and lowered over a bonfire for two hours, until he finally died. His charred body was then dismembered, the torso dragged through the streets, and other parts of his body sold as souvenirs. It happened in broad daylight, in the middle of the day, as some 10,000 spectators watched, including local officials, police officers and children on their school lunch break. Photographs were taken of Washington’s carbonised body hanging above grinning white people and turned into postcards. That’s the reality of what being ‘one hundred per cent American’ and for ‘America first’ meant to a great many citizens of the United States in the first decades of the twentieth century.

For a start, we should recognise that the idea of being deeply in love with one special partner over a whole lifetime, what we can call Romantic love, is a very new, ambitious and odd concept, which is at best 250 years old. Before then, people lived together of course but without any very high expectations of being blissfully content doing so. It was a purely practical arrangement, entered into for the sake of survival and the children. We should recognise the sheer historical strangeness of the idea of happy coupledom. A good Romantic marriage is evidently theoretically possible, but it may also be extremely unlikely, something only some 5 or 10 per cent of us can ever properly succeed at – which should make any failure feel a good deal less shameful. As a society, we’ve made something normal that’s in fact a profound anomaly. It is as though we’d set up high altitude tight rope walking as a popular sport. No wonder most of us fall off – and might not want to, or be able to, face getting back on.

If there are costs to becoming legal, there are also bound to be costs to remaining outside the law. We found that operating outside the world of legal work and business was surprisingly expensive. In Peru, for example, the cost of operating a business extralegally includes paying 10 to 15 per cent of its annual income in bribes and commissions to authorities. Add to such payoffs the costs of avoiding penalties, making transfers outside legal channels and operating from dispersed locations and without credit, and the life of the extralegal entrepreneur turns out to be far more costly and full of daily hassles than that of the legal businessman. Perhaps the most significant cost was caused by the absence of institutions that create incentives for people to seize economic and social opportunities to specialize within the market place. We found that people who could not operate within the law also could not hold property efficiently or enforce contracts through the courts; nor could they reduce uncertainty through limited liability systems and insurance policies, or create stock companies to attract additional capital and share risk. Being unable to raise money for investment, they could not achieve economies of scale or protect their innovations through royalties and patents.

The importance of ethical governance, exemplified by the Norwegian Pension Fund, is highlighted by a deplorable UK government proposal in 2016 to set up a Shale Wealth Fund.38 The fund would receive up to 10 per cent of the revenue generated by fracking (hydraulic fracturing) for shale gas, which could amount to as much as £1 billion over twenty-five years. This would be paid out to communities hosting fracking sites, which could decide to use the money for local projects or distribute it to households in cash. It is hard to avoid the conclusion that this is a bribe to secure local approval of environmentally threatening fracking operations, to which there has been considerable public opposition. Beyond that, there are many equity questions. Why should only people who happen to live in areas with shale gas be beneficiaries? How would the recipient community be defined? Would the payments go only to those living in the designated community at the time the fracking started? Would they be paid as lump sums or on a regular basis, and how long would they last? What about future generations? Can cash payments compensate for the risk of harm to the air, water, landscape and livelihoods? All these questions cast doubt on the equity and ethics of any selective scheme. They underline the need for the principles of wealth funds and dividends from them to be established before they are implemented, and for a governance structure that is independent from government and business. But

In 1969 the Khmer Rouge numbered only about 4,000. By 1975 their numbers were enough to defeat the government forces. Their victory was greatly helped by the American attack on Cambodia, which was carried out as an extension of the Vietnam War. In 1970 a military coup led by Lon Nol, possibly with American support, overthrew the government of Prince Sihanouk, and American and South Vietnamese troops entered Cambodia. One estimate is that 600,000 people, nearly 10 per cent of the Cambodian population, were killed in this extension of the war. Another estimate puts the deaths from the American bombing at 1000,000 peasants. From 1972 to 1973, the quantity of bombs dropped on Cambodia was well over three times that dropped on Japan in the Second World War. The decision to bomb was taken by Richard Nixon and Henry Kissinger and was originally justified on the grounds that North Vietnamese bases had been set up in Cambodia. The intention (according to a later defence by Kissinger’s aide, Peter W. Rodman) was to target only places with few Cambodians: ‘From the Joint Chiefs’ memorandum of April 9, 1969, the White House selected as targets only six base areas minimally populated by civilians. The target areas were given the codenames BREAKFAST, LUNCH, DINNER, SUPPER, SNACK, and DESSERT; the overall programme was given the name MENU.’ Rodman makes the point that SUPPER, for instance, had troop concentrations, anti-aircraft, artillery, rocket and mortar positions, together with other military targets. Even if relatively few Cambodians were killed by the unpleasantly names items on the MENU, each of them was a person leading a life in a country not at war with the United States. And, as the bombing continued, these relative restraints were loosened. To these political decisions, physical and psychological distance made their familiar contribution. Roger Morris, a member of Kissinger’s staff, later described the deadened human responses: Though they spoke of terrible human suffering reality was sealed off by their trite, lifeless vernacular: 'capabilities', 'objectives', 'our chips', 'giveaway'. It was a matter, too, of culture and style. They spoke with the cool, deliberate detachment of men who believe the banishment of feeling renders them wise and, more important, credible to other men… They neither understood the foreign policy they were dealing with, nor were deeply moved by the bloodshed and suffering they administered to their stereo-types. On the ground the stereotypes were replaced by people. In the villages hit by bombs and napalm, peasants were wounded or killed, often being burnt to death. Those who left alive took refuge in the forests. One Western ob-server commented, ‘it is difficult to imagine the intensity of their hatred to-wards those who are destroying their villages and property’. A raid killed twenty people in the village of Chalong. Afterwards seventy people from Chalong joined the Khmer Rouge. Prince Sihanouk said that Richard Nixon and Henry Kissinger created the Khmer Rouge by expanding the war into Cambodia.

In the Middle Ages, sugar was a rare luxury in Europe. It was imported from the Middle East at prohibitive prices and used sparingly as a secret ingredient in delicacies and snake-oil medicines. After large sugar plantations were established in America, ever-increasing amounts of sugar began to reach Europe. The price of sugar dropped and Europe developed an insatiable sweet tooth. Entrepreneurs met this need by producing huge quantities of sweets: cakes, cookies, chocolate, candy, and sweetened beverages such as cocoa, coffee and tea. The annual sugar intake of the average Englishman rose from near zero in the early seventeenth century to around eighteen pounds in the early nineteenth century. However, growing cane and extracting its sugar was a labour-intensive business. Few people wanted to work long hours in malaria-infested sugar fields under a tropical sun. Contract labourers would have produced a commodity too expensive for mass consumption. Sensitive to market forces, and greedy for profits and economic growth, European plantation owners switched to slaves. From the sixteenth to the nineteenth centuries, about 10 million African slaves were imported to America. About 70 per cent of them worked on the sugar plantations. Labour conditions were abominable. Most slaves lived a short and miserable life, and millions more died during wars waged to capture slaves or during the long voyage from inner Africa to the shores of America. All this so that Europeans could enjoy their sweet tea and candy – and sugar barons could enjoy huge profits. The slave trade was not

she feels lucky to have a job, but she is pretty blunt about what it is like to work at Walmart: she hates it. She’s worked at the local Walmart for nine years now, spending long hours on her feet waiting on customers and wrestling heavy merchandise around the store. But that’s not the part that galls her. Last year, management told the employees that they would get a significant raise. While driving to work or sorting laundry, Gina thought about how she could spend that extra money. Do some repairs around the house. Or set aside a few dollars in case of an emergency. Or help her sons, because “that’s what moms do.” And just before drifting off to sleep, she’d think about how she hadn’t had any new clothes in years. Maybe, just maybe. For weeks, she smiled at the notion. She thought about how Walmart was finally going to show some sign of respect for the work she and her coworkers did. She rolled the phrase over in her mind: “significant raise.” She imagined what that might mean. Maybe $2.00 more an hour? Or $2.50? That could add up to $80 a week, even $100. The thought was delicious. Then the day arrived when she received the letter informing her of the raise: 21 cents an hour. A whopping 21 cents. For a grand total of $1.68 a day, $8.40 a week. Gina described holding the letter and looking at it and feeling like it was “a spit in the face.” As she talked about the minuscule raise, her voice filled with anger. Anger, tinged with fear. Walmart could dump all over her, but she knew she would take it. She still needed this job. They could treat her like dirt, and she would still have to show up. And that’s exactly what they did. In 2015, Walmart made $14.69 billion in profits, and Walmart’s investors pocketed $10.4 billion from dividends and share repurchases—and Gina got 21 cents an hour more. This isn’t a story of shared sacrifice. It’s not a story about a company that is struggling to keep its doors open in tough times. This isn’t a small business that can’t afford generous raises. Just the opposite: this is a fabulously wealthy company making big bucks off the Ginas of the world. There are seven members of the Walton family, Walmart’s major shareholders, on the Forbes list of the country’s four hundred richest people, and together these seven Waltons have as much wealth as about 130 million other Americans. Seven people—not enough to fill the lineup of a softball team—and they have more money than 40 percent of our nation’s population put together. Walmart routinely squeezes its workers, not because it has to, but because it can. The idea that when the company does well, the employees do well, too, clearly doesn’t apply to giants like this one. Walmart is the largest employer in the country. More than a million and a half Americans are working to make this corporation among the most profitable in the world. Meanwhile, Gina points out that at her store, “almost all the young people are on food stamps.” And it’s not just her store. Across the country, Walmart pays such low wages that many of its employees rely on food stamps, rent assistance, Medicaid, and a mix of other government benefits, just to stay out of poverty. The

Bitcoin is not a currency. Bitcoin is the internet of money. As a technology, it can bring economic inclusion and empowerment to billions of people in the world. I’ll give you one example of a specific application that is going to fundamentally change the lives of more than a billion people in the next five to ten years. ​ Every day, an immigrant somewhere cashes their paycheck and stands in line to wire 50 percent of that paycheck back to their home country to feed their extended family. Here in the US, 60 million people have no bank accounts, yet they cash their paychecks and send them abroad. Overall in the world, $550 billion is transmitted every year as remittances from first-world countries. Much of that money is sent to five major destinations: Mexico, India, the Philippines, Indonesia, and China. In some of these places, remittances represent up to 40 percent of the local economy. Sitting on top of that flow of $550 billion are companies like Western Union, and they take, on average, a cut of 9 percent of every single one of these transactions out of the pockets of the poorest people of the world. Imagine what happens when one day one of these immigrants figures out they can do the same thing with bitcoin — not for 15 percent, not 10 percent, not 5 percent, but for 5 cents. Not a percentage; a flat fee. What happens when they can do that? They can, right now. There is a startup company that is handling remittances between the US and the Philippines. They’re doing a few million dollars right now, but they’re going to start growing. There’s $500 billion sitting behind that dam. When you’re an immigrant and you can change your financial future by not paying 9 percent to send money home, imagine what happens if every month, instead of sending 91 dollars home, you send 100 dollars home. That makes a difference. There are a billion people, right now, with access to the internet and feature phones who could use bitcoin as an international wire-transfer service.

To summarize the strategy: An Angel is a low float Stock in Play which is gapping with heavy volume in the pre-market. At the market Open, our Angel makes a new high of the day but sells off quickly. You do not want to jump into the trade yet, not until it consolidates around an important trading level such as the low of the pre-market, or moving averages on your daily or 5-minute chart. This is where our Angel will have fallen to. As soon as the stock is coming back up with heavy volume, that is the place you take the trade to the long side. The entry signal is to see a new 1-minute or 5-minute high after the consolidation with MASSIVE volume only. You must remember that the volume on the way up needs to be significantly higher than previous candlesticks. The stop loss is below the consolidation period. The profit target can be (1) VWAP, (2) the then high of the day, (3) the high of the pre-market, and (4) any other important level nearby such as Y High or Y Low. If you don’t see an obvious support level and consolidation, do not trade the stock. If you see a breakout but it does not have strong volume, do not trade the stock. Fallen Angel is generally a difficult strategy to trade, especially since it is difficult to manage the risk in. You will have seen in the above examples that most of the drops are sharp, and if you are not quick in getting out of a losing trade, you may get stuck in a very bad position and be forced to accept a heavy loss. Remember, these stocks often gapped up significantly and can lose the majority of their gap during the day, so holding them during the day may not be a good idea, especially if volume is dropping during the day. I recommend trading this strategy in the simulator for some period of time before trading it live. When you go live, make sure to take small size. I know, it is easy to take a 10,000 share on a $1 stock, but remember, every cent up and down in a $1 stock is the equivalent of a 1% swing in your position. I usually take 4,000 shares for low float stocks below $10.

the Cook expedition had another, far less benign result. Cook was not only an experienced seaman and geographer, but also a naval officer. The Royal Society financed a large part of the expedition’s expenses, but the ship itself was provided by the Royal Navy. The navy also seconded eighty-five well-armed sailors and marines, and equipped the ship with artillery, muskets, gunpowder and other weaponry. Much of the information collected by the expedition – particularly the astronomical, geographical, meteorological and anthropological data – was of obvious political and military value. The discovery of an effective treatment for scurvy greatly contributed to British control of the world’s oceans and its ability to send armies to the other side of the world. Cook claimed for Britain many of the islands and lands he ‘discovered’, most notably Australia. The Cook expedition laid the foundation for the British occupation of the south-western Pacific Ocean; for the conquest of Australia, Tasmania and New Zealand; for the settlement of millions of Europeans in the new colonies; and for the extermination of their native cultures and most of their native populations.2 In the century following the Cook expedition, the most fertile lands of Australia and New Zealand were taken from their previous inhabitants by European settlers. The native population dropped by up to 90 per cent and the survivors were subjected to a harsh regime of racial oppression. For the Aborigines of Australia and the Maoris of New Zealand, the Cook expedition was the beginning of a catastrophe from which they have never recovered. An even worse fate befell the natives of Tasmania. Having survived for 10,000 years in splendid isolation, they were completely wiped out, to the last man, woman and child, within a century of Cook’s arrival. European settlers first drove them off the richest parts of the island, and then, coveting even the remaining wilderness, hunted them down and killed them systematically. The few survivors were hounded into an evangelical concentration camp, where well-meaning but not particularly open-minded missionaries tried to indoctrinate them in the ways of the modern world. The Tasmanians were instructed in reading and writing, Christianity and various ‘productive skills’ such as sewing clothes and farming. But they refused to learn. They became ever more melancholic, stopped having children, lost all interest in life, and finally chose the only escape route from the modern world of science and progress – death. Alas,

What is the use of half an eye?’ and ‘What is the use of half a wing?’ are both instances of the argument from ‘irreducible complexity’. A functioning unit is said to be irreducibly complex if the removal of one of its parts causes the whole to cease functioning. This has been assumed to be self-evident for both eyes and wings. But as soon as we give these assumptions a moment’s thought, we immediately see the fallacy. A cataract patient with the lens of her eye surgically removed can’t see clear images without glasses, but can see enough not to bump into a tree or fall over a cliff. Half a wing is indeed not as good as a whole wing, but it is certainly better than no wing at all. Half a wing could save your life by easing your fall from a tree of a certain height. And 51 per cent of a wing could save you if you fall from a slightly taller tree. Whatever fraction of a wing you have, there is a fall from which it will save your life where a slightly smaller winglet would not. The thought experiment of trees of different height, from which one might fall, is just one way to see, in theory, that there must be a smooth gradient of advantage all the way from 1 per cent of a wing to 100 per cent. The forests are replete with gliding or parachuting animals illustrating, in practice, every step of the way up that particular slope of Mount Improbable. By analogy with the trees of different height, it is easy to imagine situations in which half an eye would save the life of an animal where 49 per cent of an eye would not. Smooth gradients are provided by variations in lighting conditions, variations in the distance at which you catch sight of your prey – or your predators. And, as with wings and flight surfaces, plausible intermediates are not only easy to imagine: they are abundant all around the animal kingdom. A flatworm has an eye that, by any sensible measure, is less than half a human eye. Nautilus (and perhaps its extinct ammonite cousins who dominated Paleozoic and Mesozoic seas) has an eye that is intermediate in quality between flatworm and human. Unlike the flatworm eye, which can detect light and shade but see no image, the Nautilus ‘pinhole camera’ eye makes a real image; but it is a blurred and dim image compared to ours. It would be spurious precision to put numbers on the improvement, but nobody could sanely deny that these invertebrate eyes, and many others, are all better than no eye at all, and all lie on a continuous and shallow slope up Mount Improbable, with our eyes near a peak – not the highest peak but a high one.

Inside McClintic Sphere was swinging his ass off. His skin was hard, as if it were part of the skull: every vein and whisker on that head stood out sharp and clear under the green baby spot: you could see the twin lines running down from either side of his lower lip, etched in by the force of his embouchure, looking like extensions of his mustache. He blew a hand-carved ivory alto saxophone with a 4 ½ reed and the sound was like nothing any of them had heard before. The usual divisions prevailed: collegians did not dig, and left after an average of 1 ½ sets. Personnel from other groups, either with a night off or taking a long break from somewhere crosstown or uptown, listened hard, trying to dig. 'I am still thinking,’ they would say if you asked. People at the bar all looked as if they did dig in the sense of understand, approve of, empathize with: but this was probably only because people who prefer to stand at the bar have, universally, an inscrutable look… …The group on the stand had no piano: it was bass, drums, McClintic and a boy he had found in the Ozarks who blew a natural horn in F. The drummer was a group man who avoided pyrotechnics, which may have irritated the college crowd. The bass was small and evil-looking and his eyes were yellow with pinpoints in the center. He talked to his instrument. It was taller than he was and didn’t seem to be listening. Horn and alto together favored sixths and minor fourths and when this happened it was like a knife fight or tug of war: the sound was consonant but as if cross-purposes were in the air. The solos of McClintic Sphere were something else. There were people around, mostly those who wrote for Downbeat magazine or the liners of LP records, who seemed to feel he played disregarding chord changes completely. They talked a great deal about soul and the anti-intellectual and the rising rhythms of African nationalism. It was a new conception, they said, and some of them said: Bird Lives. Since the soul of Charlie Parker had dissolved away into a hostile March wind nearly a year before, a great deal of nonsense had been spoken and written about him. Much more was to come, some is still being written today. He was the greatest alto on the postwar scene and when he left it some curious negative will–a reluctance and refusal to believe in the final, cold fact–possessed the lunatic fringe to scrawl in every subway station, on sidewalks, in pissoirs, the denial: Bird Lives. So that among the people in the V-Note that night were, at a conservative estimate, a dreamy 10 per cent who had not got the word, and saw in McClintic Sphere a kind of reincarnation.

Dear KDP Author, Just ahead of World War II, there was a radical invention that shook the foundations of book publishing. It was the paperback book. This was a time when movie tickets cost 10 or 20 cents, and books cost $2.50. The new paperback cost 25 cents – it was ten times cheaper. Readers loved the paperback and millions of copies were sold in just the first year. With it being so inexpensive and with so many more people able to afford to buy and read books, you would think the literary establishment of the day would have celebrated the invention of the paperback, yes? Nope. Instead, they dug in and circled the wagons. They believed low cost paperbacks would destroy literary culture and harm the industry (not to mention their own bank accounts). Many bookstores refused to stock them, and the early paperback publishers had to use unconventional methods of distribution – places like newsstands and drugstores. The famous author George Orwell came out publicly and said about the new paperback format, if “publishers had any sense, they would combine against them and suppress them.” Yes, George Orwell was suggesting collusion. Well… history doesn’t repeat itself, but it does rhyme. Fast forward to today, and it’s the e-book’s turn to be opposed by the literary establishment. Amazon and Hachette – a big US publisher and part of a $10 billion media conglomerate – are in the middle of a business dispute about e-books. We want lower e-book prices. Hachette does not. Many e-books are being released at $14.99 and even $19.99. That is unjustifiably high for an e-book. With an e-book, there’s no printing, no over-printing, no need to forecast, no returns, no lost sales due to out of stock, no warehousing costs, no transportation costs, and there is no secondary market – e-books cannot be resold as used books. E-books can and should be less expensive. Perhaps channeling Orwell’s decades old suggestion, Hachette has already been caught illegally colluding with its competitors to raise e-book prices. So far those parties have paid $166 million in penalties and restitution. Colluding with its competitors to raise prices wasn’t only illegal, it was also highly disrespectful to Hachette’s readers. The fact is many established incumbents in the industry have taken the position that lower e-book prices will “devalue books” and hurt “Arts and Letters.” They’re wrong. Just as paperbacks did not destroy book culture despite being ten times cheaper, neither will e-books. On the contrary, paperbacks ended up rejuvenating the book industry and making it stronger. The same will happen with e-books. Many inside the echo-chamber of the industry often draw the box too small. They think books only compete against books. But in reality, books compete against mobile games, television, movies, Facebook, blogs, free news sites and more. If we want a healthy reading culture, we have to work hard to be sure books actually are competitive against these other media types, and a big part of that is working hard to make books less expensive. Moreover, e-books are highly price elastic. This means that when the price goes down, customers buy much more. We've quantified the price elasticity of e-books from repeated measurements across many titles. For every copy an e-book would sell at $14.99, it would sell 1.74 copies if priced at $9.99. So, for example, if customers would buy 100,000 copies of a particular e-book at $14.99, then customers would buy 174,000 copies of that same e-book at $9.99. Total revenue at $14.99 would be $1,499,000. Total revenue at $9.99 is $1,738,000. The important thing to note here is that the lower price is good for all parties involved: the customer is paying 33% less and the author is getting a royalty check 16% larger and being read by an audience that’s 74% larger. The pie is simply bigger.

Keynes was a voracious reader. He had what he called ‘one of the best of all gifts – the eye which can pick up the print effortlessly’. If one was to be a good reader, that is to read as easily as one breathed, practice was needed. ‘I read the newspapers because they’re mostly trash,’ he said in 1936. ‘Newspapers are good practice in learning how to skip; and, if he is not to lose his time, every serious reader must have this art.’ Travelling by train from New York to Washington in 1943, Keynes awed his fellow passengers by the speed with which he devoured newspapers and periodicals as well as discussing modern art, the desolate American landscape and the absence of birds compared with English countryside.54 ‘As a general rule,’ Keynes propounded as an undergraduate, ‘I hate books that end badly; I always want the characters to be happy.’ Thirty years later he deplored contemporary novels as ‘heavy-going’, with ‘such misunderstood, mishandled, misshapen, such muddled handling of human hopes’. Self-indulgent regrets, defeatism, railing against fate, gloom about future prospects: all these were anathema to Keynes in literature as in life. The modern classic he recommended in 1936 was Forster’s A Room with a View, which had been published nearly thirty years earlier. He was, however, grateful for the ‘perfect relaxation’ provided by those ‘unpretending, workmanlike, ingenious, abundant, delightful heaven-sent entertainers’, Agatha Christie, Edgar Wallace and P. G. Wodehouse. ‘There is a great purity in these writers, a remarkable absence of falsity and fudge, so that they live and move, serene, Olympian and aloof, free from any pretended contact with the realities of life.’ Keynes preferred memoirs as ‘more agreeable and amusing, so much more touching, bringing so much more of the pattern of life, than … the daydreams of a nervous wreck, which is the average modern novel’. He loved good theatre, settling into his seat at the first night of a production of Turgenev’s A Month in the Country with a blissful sigh and the words, ‘Ah! this is the loveliest play in all the world.’55 Rather as Keynes was a grabby eater, with table-manners that offended Norton and other Bloomsbury groupers, so he could be impatient to reach the end of books. In the inter-war period publishers used to have a ‘gathering’ of eight or sixteen pages at the back of their volumes to publicize their other books-in-print. He excised these advertisements while reading a book, so that as he turned a page he could always see how far he must go before finishing. A reader, said Keynes, should approach books ‘with all his senses; he should know their touch and their smell. He should learn how to take them in his hands, rustle their pages and reach in a few seconds a first intuitive impression of what they contain. He should … have touched many thousands, at least ten times as many as he reads. He should cast an eye over books as a shepherd over sheep, and judge them with the rapid, searching glance with which a cattle-dealer eyes cattle.’ Keynes in 1927 reproached his fellow countrymen for their low expenditure in bookshops. ‘How many people spend even £10 a year on books? How many spend 1 per cent of their incomes? To buy a book ought to be felt not as an extravagance, but as a good deed, a social duty which blesses him who does it.’ He wished to muster ‘a mighty army … of Bookworms, pledged to spend £10 a year on books, and, in the higher ranks of the Brotherhood, to buy a book a week’. Keynes was a votary of good bookshops, whether their stock was new or second-hand. ‘A bookshop is not like a railway booking-office which one approaches knowing what one wants. One should enter it vaguely, almost in a dream, and allow what is there freely to attract and influence the eye. To walk the rounds of the bookshops, dipping in as curiosity dictates, should be an afternoon’s entertainment.

Instead, anxious to maintain their revenues at a time of low production and high military expenditure, the Company, in one of the greatest failures of corporate responsibility in history, rigorously enforced tax collection and in some cases even increased revenue assessments by 10 per cent.

The international press does not discuss the issue — it is taboo — but, since the end of apartheid and the establishment of a Black government, South Africa is slowly sinking into barbarism. The first to suffer from it are, of course, the Blacks themselves. Some of them (as happened in Rhodesia, Algeria and elsewhere) are beginning to miss ‘White power’ . . . Unemployment has tripled since the abolition of apartheid and crime rates are today the highest in the world: 12,000 murders and 50,000 rapes a year. 95 per cent of the victims are Black. Heavily guarded by militias, the wealthy Whites live in the cities, surrounded by electrified barbed-wire fences. The situation is paradoxical but explicable. Since the inauguration of Black power the difference in the standard of living between Blacks and Whites has increased by 10 per cent to the advantage of the Whites and de facto apartheid has become much more marked than under the old de jure apartheid.

In The Better Angels of Our Nature, Pinker calculates the average homicide rate among eight primitive societies, arriving at an alarming 14 per cent. This figure appeared in respected journals like Science and was endlessly regurgitated by newspapers and on TV. When other scientists took a look at his source material, however, they discovered that Pinker mixed up some things. This may get a little technical, but we need to understand where he went wrong. The question we want to answer is: which peoples still hunting and gathering today are representative of how humans lived 50,000 years ago? After all, we were nomads for 95 per cent of human history, roving the world in small, relatively egalitarian groups. Pinker chose to focus almost exclusively on hybrid cultures. These are people who hunt and gather, but who also ride horses or live together in settlements or engage in farming on the side. Now these activities are all relatively recent. Humans didn’t start farming until 10,000 years ago and horses weren’t domesticated until 5,000 years ago. If you want to figure out how our distant ancestors lived 50,000 years ago, it doesn’t make sense to extrapolate from people who keep horses and tend vegetable plots. But even if we get on board with Pinker’s methods, the data is problematic. According to the psychologist, 30 per cent of deaths among the Aché in Paraguay (tribe 1 on his list) and 21 per cent of deaths among the Hiwi in Venezuela and Colombia (tribe 3) are attributable to warfare. These people are out for blood, it would seem. The anthropologist Douglas Fry was sceptical, however. Reviewing the original sources, he discovered that all forty-six cases of what Pinker categorised as Aché ‘war mortality’ actually concerned a tribe member listed as ‘shot by Paraguayan’. The Aché were in fact not killing each other, but being ‘relentlessly pursued by slave traders and attacked by Paraguayan frontiersmen’, reads the original source, whereas they themselves ‘desire a peaceful relationship with their more powerful neighbors’. It was the same with the Hiwi. All the men, women and children enumerated by Pinker as war deaths were murdered in 1968 by local cattle ranchers.40 There go the iron-clad homicide rates. Far from habitually slaughtering one another, these nomadic foragers were the victims of ‘civilised’ farmers wielding advanced weaponry. ‘Bar charts and numeric tables depicting percentages […] convey an air of scientific objectivity,’ Fry writes. ‘But in this case it is all an illusion.

food prices in Japan are 60 per cent higher than world market prices, and the price of rice is a multiple of the world price. A sense of the extremity of the situation is given by the fact that a single apple in Japan can cost USD5. On my trip from Tokyo to Niigata, I bought apples in convenience stores in Tokyo and Chichibu for USD4 and USD3 respectively, although I balked at paying USD10 for ten strawberries.123 You know that something is wrong when a few strawberries cost what Japan’s lowest-paid temporary workers now make in an hour.

In 1947 the total value added by the financial sector to US gross domestic product was 2.3 per cent; by 2007 its contribution had risen to 8.1 per cent of GDP. In other words, approximately $1 of every $13 paid to employees in the United States now went to people working in finance.5 Finance had become even more important in Britain, where it accounted for 9.4 per cent of GDP in 2006.

According to the most moderate estimates, between 1885 and 1908 the pursuit of growth and profits cost the lives of 6 million individuals (at least 20 per cent of the Congo’s population). Some estimates reach up to 10 million deaths.4

Research published in 2018 by Boston Consulting Group found that although on average female business owners receive less than half the level of investment their male counterparts get, they produce more than twice the revenue. For every dollar of funding, female-owned start-ups generate seventy-eight cents, compared to male-owned start-ups which generate thirty-one cents. They also perform better over time, ‘generating 10% more in cumulative revenue over a five-year period’.

Each 5 mph you drive over 60 mph is like paying an additional 10 cents a gallon for gas.

In 1954 two brothers, Dick and Maurice McDonald, operated a single drive-in that seemed to be the model of simplicity and efficient execution. Unlike other drive-ins of the era, McDonald’s had three base items: hamburger, French fries, and drinks. It had no seating. The hamburgers were priced at 15 cents, an extra 4 cents for cheese. Fries cost 10 cents, a milkshake 20 cents.

it is a custom among the more enterprising street boys, who are capitalists to a small amount, to set up their more needy fellows in business, on condition that they will pay half their earnings to the said capitalists as a profit on the money advanced. This is called "going whacks." It need hardly be said that it is a very profitable operation to the young capitalist, often paying fifty per cent. daily on his loan,—a transaction which quite casts into the shade the most tempting speculations of Wall Street. It is noteworthy that these young Bohemians, lawless as they often are, have a strict code of honor in regard to such arrangements, and seldom fail to make honest returns, setting a good example in so far to older business operators.

Amazon follows the same fail-faster religion. Jeff Bezos, founder of the trillion-dollar e-commerce platform, sent the following memo to his shareholders when the company became the fastest ever to reach annual sales of $100 billion: One area where I think we are especially distinctive is failure. I believe we are the best place in the world to fail (we have plenty of practice!), and failure and invention are inseparable twins. To invent you have to experiment, and if you know in advance that it’s going to work, it’s not an experiment. Most large organisations embrace the idea of invention, but are not willing to suffer the string of failed experiments necessary to get there. Outsized returns often come from betting against conventional wisdom, and conventional wisdom is usually right. Given a 10 per cent chance of a 100 times payoff, you should take that bet every time. But you’re still going to be wrong nine times out of ten. We all know that if you swing for the fences, you’re going to strike out a lot, but you’re also going to hit some home runs. The difference between baseball and business, however, is that baseball has a truncated outcome distribution. When you swing, no matter how well you connect with the ball, the most runs you can get is four. In business, every once in a while, when you step up to the plate, you can score 1,000 runs. This long-tailed distribution of returns is why it’s important to be bold. Big winners pay for so many experiments.

Le terme de génocide est souvent employé pour qualifier la traite et l'esclavage pratiqués par l'Occident. Alors qu'il convient de reconnaître que dans la traite transatlantique un esclave, même déshumanisé, avait une valeur vénale pour son propriétaire. Ce dernier le voulait d'abord efficace, mais aussi rentable dans le temps, même si son espérance de vie était des plus limitées. Il est sans doute difficile d'apprécier l'importance de la saignée subie par l'Afrique noire au cours de la traite transatlantique. Du Bois l'estime à environ quinze à vingt millions d'individues. P. Curtin, quant à lui, en faisant une synthèse des travaux esistants, aboutit en 1969 à un total d'environ neuf millions six cent mille escales importés, surtout dans le Nouveau Monde, plus faiblement en Europe et à São Tomé, pour l'ensemble de la période 1451-1870. Mais quelle que fût l'ampleur de cette traite, il suffit d'observer la dynamique de la diaspora noire qui s'est formée au Brésil, aux Antilles et aux États-Unis, pour reconnaître qu'une entreprise de destruction froidement et méthodiquement programmée des peuples noirs, au sens d'un génocide — comme celui des Juifs, des Arméniens, des Cambodgiens ou autres Rwandais —, n'y est pas prouvée. Dans le Nouveau Monde la plupart des déportés ont assuré une descendance. De nos jours, plus de soixante-dix millions de descendants ou de métis d'Africains y vivent. Voilà pourquoi nous avons choisi d'employer le terme d'«holocauste» pour la traite transatlantique. Car ce mot signifie bien sacrifice d'hommes pour le bien-être des autres hommes, même si cela a pu entraîner un nombre incalculable de victimes. En outre, la plupart des nations occidentales impliquées dans le commerce triangulaire ont aujourd'hui reconnu leur responsabilité et prononcé leur aggiornamento. La France, entre autres, l'a fait une loi — qualifiant la traite négrière et l'esclavage de «crime contre l'humanité» — votée au Parlement le 10 mai 2001. Ce qui a marqué clairement un changement d'attitude chez les Français face à une page de leur histoire jusqu'alors mal assumée. D'autres voix se sont élevées pour présenter les excuses d'un pays, telle celle du président Clinton, ou demander «pardon pour les péchés commis par l'Europe chrétienne contre l'Afrique» (Jean-Paul II, en 1991, à Gorée). [...] Seul le génocide des peuples noirs par les nations arabo-musulmanes n'a toujours pas fait l'objet de reconnaissance aussi nette. Alors que ce crime est historiquement, juridiquement et moralement imprescriptible. Car bien qu'il n'y ait pas de victimes ni de coupables hérédiatires, les descendants des peuples impliqués ne peuvent refuser d'assumer une certaine responsabilité. On pouvait cependant espérer que les résolutions adoptées par la conférence de l'ONU à Durban (2-9 septembre 2001) iraeient dans ce sense. Mais dans l'esprit, l'acte, si solennel fût-il, n'était qu'une entreprise fallacieusement orientée, doublée d'une dénonciation sélective. Durban n'a pas donné une vision d'ensemble honnête et objective de la terrible «tragédie noire» passée. Puisque, de nos jours encore, beaucoup associent par réflexe traite négrière au seul traffic transatlantique organisé à partie de l'Europe et des Amériquees, qui a conduit à la mort ou à la déportation de millions d'Africains dans le Nouveau Monde. La confusion vient du fait que la colonisation européenne de l'Afrique noire avec son système de travail forcé a suivi la fin de la traite transatlantique, ce qui incite à assimiler les deux évènements. Alors que la traite et le travail forcé des peuples noirs n'ont pas été une invention des nations européennes.

You want to own businesses that have good pricing power. This means that they can raise prices without losing customers. When Coke decides to raise its prices by 10 cents per can, you probably don't even notice. But when your local gas station is priced 10 cents above its nearby competition, you will probably go to the competitor instead.

From .05 to .10 per cent indicates that the subject has been drinking; .10 to .15 you are possibly under the influence of alcohol. From .15 to .25, you are under the influence of liquor and should not be driving. At .25 per cent you are obviously intoxicated; at .35 per cent you are a common drunk and probably unable to take care of yourself; and at .40 per cent, whether you are aware of it or not, you have passed out.

The hobby scientists flourished under laissez faire, but laissez-faire Britain came to an end in 1914. Before 1914 the Government sequestered less than 10 per cent of the nation's wealth in taxes, but between 1918 and 1939 the Government increased this to about 25 per cent of GNP, and since 1945 the Government has spent between 40-50 per cent GNP. Because of the attrition of inherited wealth and of private means, the hobby scientist is now practically extinct.

43. How much does it cost to make a dollar? American dollars, like all printed money, start out as pieces of paper and ink used to print the value on them. Printing money is a complex process, which uses special paper and ink, along with a number of security measures which prevent conunterfeiting. Taking mass production into account, and the fact that nobody will ever print a single dollar bill, but a large number of them in a bulk, the printing price may come up surprisingly cheap. It costs less than 10 cents to print a $1 bill. A mere 10 cents per dollar bill is enough to cover the industry expenses. To make things weirder, making coins is much more expensive – forging a penny costs just a bit under $0.025 (2.5 cents). A real bargain is, of course a $100 bill – it costs exactly the same as a $1 bill.

Between 1880 and the Great War, some fifteen million emigrants arrived in the United States from southern and eastern Europe, Italy and the Balkans, the Habsburg and tsarist empires. Jews made up more than 10 per cent of this enormous mass, fleeing both anti-Semitic persecution and the social dislocation of the ghetto, with intensive industrialization and urbanization threatening the old structure of Jewish small trade.

and eastern Europe, to settle in town, especially in the capital cities of the Habsburg and Wilhelmine empires. It was in the context of this multiform upheaval – the demographic growth and the urbanization process generated by the industrial revolution, modernization and assimilation – that German Jewry acquired a new profile. Vienna, where no more than 2,000 Jews had lived in 1850, counted more than 200,000 on the eve of the First World War, or 10 per cent of the total population; in the same timeframe, the Jewish population of Berlin grew from less than 10,000 to nearly 200,000, here making up 7 per cent of the total population.12 The Jewish populations of Budapest, Prague, Lvov, Krakow and Czernowitz underwent similar growth.

once heard a theory about the first relationship that occurs after a big relationship ends. It’s called the 90/10 rule. The theory goes: whatever the crucial 10 per cent is that was missing from your partner who was otherwise totally right for you is the thing you look for in the following person. That missing 10 per cent becomes such a fixation that, when you do find someone who has it, you ignore the fact they don’t have the other 90 per cent that the previous partner had. I

Anthony Barton told me in 2004: The pricing of the top growths has got completely out of hand. I asked one of my neighbours, who is fairly open about these things, what he planned to do in a recent vintage. “Oh,” he said, “I’ll probably increase my prices by 10 or 15 per cent.” Needless to say, he came out about 40 per cent higher. When I taunted him gently about this a few weeks later, he shrugged his shoulders and murmured: “Quand le train passe, je monte dessus.” (“When the train passes by, I climb aboard.”) I’m known for keeping my prices fairly stable, and let me tell you, I’m still making good money. The problem with ridiculous price increases is that it turns Bordeaux into a speculative market. Of course it has always been that way, but it’s becoming more exaggerated. And that makes it impossible for smaller properties to get by. They can’t possibly match the prices of the top growths, so there is a vast pool of well-made wine, especially from crus bourgeois, for which there is little market. And while the top properties keep ratcheting up their prices, they ignore the fact that there is a good deal of unsold stock in Bordeaux.

In 2022, a study published in the journal Neurology looked at data from over 72,000 people.30 Increasing intake of UPF by 10 per cent was associated with a 25 per cent increase in the risk of dementia and a 14 per cent increase in the risk of Alzheimer’s disease.

It is difficult to know exactly how many women become unwell in the period before and after becoming a mother. In the UK, where I live, it was previously thought that 10–15 per cent of women develop a mental health problem in pregnancy or the first year of new motherhood – including mild and moderate to severe depression, anxiety, PTSD, psychosis – but more recent figures suggest it could be as many as 20 per cent of women. This means over 100,000 women a year in the UK become mentally unwell in matrescence. Globally, the prevalence of postnatal depression is 17 per cent. With two billion mothers in the world, this means over 350 million women experience perinatal mental health problems.

1.​Textile production produces an estimated 1.2 billion tonnes of CO2e per year, which is more than international flights and maritime shipping combined.47 2.​The average person buys 60 per cent more items of clothing than they did just fifteen years ago, and keeps them for about half as long.48 3.​By 2030, global clothing consumption is projected to rise by 63 per cent, from 62 million tonnes to 102 million tonnes. That’s equivalent to more than 500 billion extra T-shirts.49 4.​By 2050, the equivalent of almost three earths could be required to provide the natural resources it would take to sustain our current lifestyles.50 5.​A polyester shirt has more than double the carbon footprint of a cotton shirt.51 And yet the cotton needed to make a single T-shirt can take 2,700 litres of water to grow – that’s enough drinking water to last a person three years.52 6.​At its current rate, the fashion industry is projected to use 35 per cent more land to grow fibres by 2030. That’s an extra 115 million hectares of land that could otherwise be used to grow food, or left to protect biodiversity.53 7.​Approximately 80 per cent of workers in the global garment industry are women aged 18–35.54 But only 12.5 per cent of clothing companies have a female CEO.55 8.​Among seventy-one leading retailers in the UK, 77 per cent believe there is a likelihood of modern slavery (forced labour) occurring at some stage in their supply chains.56 9.​More than 90 per cent of workers in the global garment industry have no possibility of negotiating their wages and conditions.57 10.​Increasing the price of a garment in the shop by 1 per cent could be enough to pay the workers who made it a living wage.58

Let’s assume a child is born today. For the next 65 years, she or her parents will deposit a certain amount into a stock mutual fund that pays an average annual return of 10 percent. How much do you think they need to deposit each day in order for her to have $1 million at age 65? Five dollars? Ten Dollars? In fact, a daily deposit of only 54 cents compounds to more than $1 million in 65 years. It really helps to start early.

Dominated by Hindus for two centuries, Karachi became a Muslim and a muhajir city in a matter of months. Sindhis – Hindu and Muslim – were reduced to less than 10 per cent of the city’s population.

limited time that any teacher has with students is best spent on helping them unlock their potential, rather than meeting some arbitrary curriculum.

Cheddar Man’ had ‘dark to black skin’, curly dark hair, and blue eyes (see Figure 5). He was part of an original population that had been the first settlers who had crossed from continental Europe to Britain at the end of the last ice age, and 10 per cent of white British people alive today are descended from this group.

Jobs I Have Had (cont’d): I once demonstrated fill-in painting at a ten-cent store. I would gather a crowd around me and take out my Sylvan Scene Number 10 cardboard with its jigsaw of shapes, all numbered. For about three minutes, I would do my cyborgian routine, showing the shoppers how to put bleeding-gum crimson in all the 5’ s—never in a 7 or a 2. Then, all of a sudden, I would go crazy. I could not bring myself to stay within the lines. My blind-man blue would stray from the 52-to-75 lower-sky section, where it belonged, and would begin to invade the cavity yellow of the 45-to-48 cloud tinge. But the management kept me on. They merely warned against sloppiness, saying prissily, “Neatness counts, neatness counts.