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- 10/27/18--08:30: _There's a keyboard ...
- 10/27/18--08:30: _The CEO of a startu...
- 10/27/18--13:07: _These are 2 of the ...
- 10/27/18--13:08: _Meet the former sto...
- 10/27/18--13:08: _The history of the ...
- 10/27/18--13:10: _The most popular Ha...
- 10/27/18--13:11: _Sir Richard Branson...
- 10/27/18--13:11: _Here are the deadli...
- 10/27/18--13:12: _MIT is giving you c...
- 10/27/18--14:02: _IoT Report: How Int...
- 10/27/18--16:16: _Trump hosts campaig...
- 10/27/18--16:58: _Elon Musk criticize...
- 10/27/18--17:06: _How fintechs are up...
- 10/27/18--17:35: _The suspected Pitts...
- 10/27/18--18:39: _50 disappointing ph...
- 10/27/18--19:05: _A GoFundMe for the ...
- 10/27/18--19:19: _Former Trump campai...
- 10/27/18--19:34: _Here's what we know...
- 10/27/18--21:01: _THE DIGITAL REMITTA...
- 10/28/18--01:00: _A strange feeling m...
- Hinge founder and CEO Justin McLeod doesn't have email on his smartphone.
- He said it makes him a better leader because he has time and space to think, and doesn't get wrapped up in the minutia of running a business.
- McLeod sometimes disconnects from his team for weeks at a time for the same reason.
- Other successful leaders also try to disconnect, so they can engage in some big-picture thinking.
- Cameron Hight is the founder and CEO of Alpha Theory. Investors with a combined $200 billion in assets under management use the firm's web-based products.
- His poker-playing background, coupled with his enthusiasm for the popularized Moneyball model, led him to create a framework for advising large institutional investors.
- In addition, Hight wrote an investing manifesto five years ago called "8 Mistakes Money Managers Make." These types of errors continue to afflict the market to this day, he says.
- 10/27/18--13:10: The most popular Halloween candy in every US state
- Halloween is almost here.
- CandyStore.com, an online candy retailer, recently used 11 years of sales data to determine the favorite candy of every state.
- It found that New Yorkers love Sour Patch Kids, Californians love Skittles, and Texans love Reese's Peanut Butter Cups.
- See which candy is most popular in your state.
- The 2018 midterm elections are just two weeks away, but if you won't be able to vote in person, there's still time to request and send in your absentee ballot if you're registered to vote in the US.
- Most military service members, US citizens living overseas, people who will be away from their polling place on Election Day, or those who cannot vote in person due to religious conflicts or disability are eligible to vote absentee, but be sure to check your state's requirements first.
- Here are the deadlines in every state to request and mail in your ballot if you'll be voting absentee.
- SENATE BATTLEGROUND MAP: The race for control of the Senate is as tight as it can be
- All the dates, deadlines, and rules you need to know before voting in the 2018 Midterm Elections
- Here is the last day you can register to vote in every state
- You can take time off work to vote in 30 US states — but you're out of luck in the rest
- MIT Media Lab is hosting a mass online social experiment on Halloween at 11 p.m. EDT.
- Called "BeeMe," the goal of the "dystopian game" is to let participants control an actor and defeat an evil artificial intelligence program.
- Internet users will program the actor by crowdsourcing commands and then voting on them.
- BeeMe's creators say they want the project to stoke conversations about privacy, ethics, entertainment, and social interactions.
- We project that there will be more than 55 billion IoT devices by 2025, up from about 9 billion in 2017.
- We forecast that there will be nearly $15 trillion in aggregate IoT investment between 2017 and 2025, with survey data showing that companies' plans to invest in IoT solutions are accelerating.
- The report highlights the opinions and experiences of IoT decision-makers on topics that include: drivers for adoption; major challenges and pain points; deployment and maturity of IoT implementations; investment in and utilization of devices; the decision-making process; and forward- looking plans.
- Provides a primer on the basics of the IoT ecosystem.
- Offers forecasts for the IoT moving forward, and highlights areas of interest in the coming years.
- Looks at who is and is not adopting the IoT, and why.
- Highlights drivers and challenges facing companies that are implementing IoT solutions.
- President Donald Trump hosted a campaign rally in Illinois on Saturday night.
- The event came after a shooting that killed 11 people and injured six others at a synagogue in Pittsburgh, Pennsylvania Saturday morning.
- He considered canceling the event, but said, "We can't let evil change our life and change our schedule."
- Tesla CEO Elon Musk took veiled shots at the Securities and Exchange Commission and federal prosecutors in a tweetstorm on Friday.
- The US Justice Department's investigation into whether he and Tesla misled investors about production of its Model 3 vehicle is "total bs," he said.
- The $20 million fine he had to pay over his "funding secured" tweet was "worth it," he added.
- The tweets come after Tesla agreed to set guidelines for and oversee his use of Twitter.
- Elon Musk is telling customers to use an unusual loophole if they want to take a Tesla car for a three-day 'test drive'
- Tesla is finally making a lower-cost Model 3
- Elon Musk can help pick his replacement as chairman of Tesla — despite complaints he already has too much sway over its board
- Tesla's board is so bad at its job that it failed at the one thing it says is paramount: protecting CEO Elon Musk
- Mortgages are among retail banks' most profitable products, but these lenders have been slow to adapt mortgages to a digital economy. This has created pain points in the customer journey, like inconvenient access channels, and difficulty switching providers.
- Ignoring these pain points is no longer an option for incumbents. The rise of alternative, digital-only mortgage firms is putting them under increasing pressure to make mortgages more attractive.
- Fintech startups have detected an opportunity in incumbents’ slowness to innovate, and have developed several strategies to help them, like broadening their distribution channels, improving customer relationships, providing attractive front-ends, and making their back-ends more efficient.
- Some incumbents have instead chosen to innovate their mortgage processes in-house. There are pros and cons to both strategies, which incumbents should weigh in order to add the most value for customers and their own businesses.
- Examines the flaws in the mortgage status quo that are upsetting consumers and dampening returns for lenders.
- Discusses why incumbent lenders can't afford to delay innovating any longer around this product.
- Outlines different ways mortgage fintechs are breathing new life into this product, including by helping incumbents.
- Looks at some mortgage efforts already underway by incumbent lenders, and some considerations that should guide their projects.
- Gives an overview of hurdles still standing in the way of large-scale change in the mortgage space, and how they can be overcome.
- A man killed 11 people and injured six more in a horrific shooting at a synagogue in Pittsburgh on Saturday morning.
- When 29-year-old Shay Khatiri heard about the tragedy, he decided to set up a GoFundMe page for the victims and their families.
- By Saturday night, the page had raised over $140,000 — nearly three times its original goal.
- George Papadopoulos, a former campaign adviser for President Donald Trump, is seeking immunity before testifying to the Senate Intelligence Committee, according to multiple reports.
- Papadopoulos' request came the same day he delivered a 7-hour testimony to the House Judiciary and Oversight committees as part of a probe into previous FBI and Department of Justice investigations.
- The Senate committee is also investigating Russian meddling in the 2016 US presidential election.
- Police believe the gunman who opened fire at the Tree of Life Synagogue in Pittsburgh on Saturday, killing at least 11 people and injuring 12 others, is 48-year-old Robert Bowers.
- Bowers is believed to live in the Versailles borough of Pittsburgh, and has been described as a heavy set, white male with a beard.
- He made several anti-Semitic and anti-immigrant remarks on social media.
- Bowers reportedly does not support President Donald Trump, calling him a "globalist, not a nationalist."
- Digital's share of the global remittance industry is still fairly small at 6% — but growth is extremely fast at digital-first startups and legacy companies.
- Fourteen year-old Xoom makes more revenue from electronic channels than 75 year-old MoneyGram, the second-largest remittance company in the world.
- Startups are undercutting incumbents' fees in certain corridors; however, legacy firms have matched prices in many major corridors.
- Legacy firms' businesses are already responding to the threats posed by digital by lowering fees and adjusting business strategies. However, they face lower margins if they continue to compete with startups on pricing.
- Sizes the remittance market and calculates major remittance companies' market share.
- Estimates digital's share of the market vs. cash.
- Quantifies digital's impact at remittance startups and legacy firms.
- Breaks down the business models employed by each type of remittance company, and determines which ones are in a better position for growth.
- Compares transfer fees in various corridors to assess the competitiveness of each firm.
- Explores other platforms that could completely upend the industry from the outside.
- Determines how legacy remittance companies will fare in the digital age – the answer may surprise you.
- Subscribe to an All-Access pass to BI Intelligence and gain immediate access to this report and over 100 other expertly researched reports. As an added bonus, you'll also gain access to all future reports and daily newsletters to ensure you stay ahead of the curve and benefit personally and professionally. >>Learn More Now
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- We all feel schadenfreude sometimes.
- It's feeling a sense of pleasure when you see other people's misfortune.
- But it could help psychologists understand dark personality traits better.
- According to researchers at Emory University, dehumanization is at the core of schadenfreude.
- This could help explain why people with dark personality traits are so insensitive.
There's a keyboard shortcut that can transform how you'll browse the the web — and it's hiding in plain sight.
What is it?
Try it. Press it now. I'll wait.
That's right: Pressing the space bar by itself when viewing a website automatically scrolls down one page. It's an incredibly useful way to navigate the web as you scroll through articles and social media feeds — one I comfortably use hundreds of times a day.
If, like me, you're a regular user, you're probably now wondering how on earth anybody doesn't already realize this is a thing.
But a surprising number of people have no clue that it exists.
This came to light earlier this week, when British journalist and consultant Martin Bryant tweeted about his shock upon discovering it was a thing: "How have I used web browsers for 22 years without realising that the space bar scrolls the page down?"
How have I used web browsers for 22 years without realising that the space bar scrolls the page down?— Martin Bryant (@MartinSFP) October 22, 2018
The replies to his tweet were full of other users expressing their amazement about the trick.
"MY MIND IS BLOWN," wrote PR exec and former tech journalist Drew Olanoff.
Music consultant Lee Thompson agreed: "Good grief, neither did I..."
"This just bent my head," another Twitter user added.
wait what— Scary Perez (@sarahintampa) October 23, 2018
And Ben Rooney, the former Wall Street Journal tech editor in Europe, had an additional tip: If you press shift and the space bar at the same time, it scrolls up a page.
It also scrolls up. (Hold down shift ...) #whatadaytobealive— Ben Rooney (@benjrooney) October 22, 2018
Modern computers are full of wild and hidden keyboard shortcuts, but this isn't one of them. And that's the point. It's a single click, with no memorization or combination key presses required, that can transform how you browse the web. No fiddly mouse wheels or slow arrow keys required!
In the last few months, Justin McLeod has found himself to be a much better leader, and a much happier person.
McLeod, who is the founder and CEO of dating app Hinge, didn't go to a management seminar or hire an executive coach. He simply deleted the email app from his smartphone.
In fact, the only things he can currently do with his phone are check the time, make calls and send texts, listen to music, and browse Hinge.
"I'm a much better decision-maker, I'm a much better strategist, I'm a much better leader when I'm not wrapped up in the minutia of what's going on in the company and what's going on in the world," McLeod told Business Insider. "I'm giving myself the space."
To the average working professional, cutting yourself off from email might seem unimaginable. And McLeod manages one of the most popular dating apps in the US, which has so far raised a total of $20.6 million, according to Crunchbase. Presumably, there are a lot of people vying for his attention on time-sensitive matters.
But McLeod's decision is part of a broader management strategy that involves slowing the pace of running a tech company.
Many leaders say disconnecting facilitates necessary big-picture thinking
McLeod also told Business Insider that he tries to "cut off from work a couple times a year." When he takes vacations, he doesn't check in with his staff for "a week or two at a time."
He said, "That helps me clarify my thoughts, when I'm not sucked up in the instant day-to-day operations of Hinge."
In fact, McLeod made the decision to "reboot" Hinge, in 2016, while he was away from the office and spending Thanksgiving with his family.
With the time and space to think clearly, he realized that Hinge had become too similar to other dating apps on the market and wasn't living up to its mission of helping users get into meaningful relationships. Hinge subsequently made a number of changes to the app, most notably removing the swiping feature. Today, it bills itself as "the relationship app."
As a leader who finds that disconnecting facilitates big-picture thinking, McLeod is in good company.
Netflix CEO Reed Hastings has said that he takes six weeks of vacation every year. "Just as you would expect, you often do your best thinking [when] you're off hiking in some mountain," Hastings told Andrew Ross Sorkin, New York Times columnist and DealBook founder. "You get a different perspective on something."
Meanwhile, Virgin Group founder Richard Branson told Entrepreneur that, when he goes on vacation, he leaves his smartphone at home or in a hotel room for as long as possible. "Freed from the daily stresses of my working life, I find that I am more likely to have new insights into old problems and other flashes of inspiration," Branson said.
"As an entrepreneur or business leader, if you didn't come back from your vacation with some ideas about how to shake things up, it's time to consider making some change," Branson said.
Nuclear-powered aircraft carriers are more effective than conventionally-powered carriers for two basic reasons.
One, nuclear power provides more energy for catapults and sensors than fossil fuel; and two, the lack of fossil fuels onboard also frees up a lot of space for more missiles and bombs.
But there are only two countries in the world with nuclear-powered aircraft carriers: the United States and France.
France has one nuclear-powered carrier, the Charles de Gaulle. The US has a fleet of 11 nuclear-powered carriers, including two different classes, the Nimitz and Gerald R. Ford classes.
But the Ford-class only has one commissioned carrier, the USS Gerald R. Ford, and it has yet to see combat, while the USS Nimitz was commissioned in 1975, and has seen plenty.
The Charles de Gaulle, which was commissioned in 2001, has also seen combat for over a decade.
So we've compared the tried-and-trusted Nimitz and Charles de Gaulle classes to see how they stack up.
And there's a clear winner — take a look.
The first big difference between the CDG and Nimitz-class carriers are the nuclear reactors.
Nimitz-class carriers have two A4W nuclear reactors, each of which provide 550 Megawatts of energy, whereas the CDG has two K15 reactors, each providing only 150 Megawatts.
Not only are Nimitz-class carriers faster than the CDG (about 34-plus mph versus about 31 mph), but they also need to be refueled about once every 50 years, whereas the CDG needs to be refueled every seven years.
Another big difference is size.
Nimitz-class carriers are about 1,092 feet long, while the CDG is about 858 feet long, which gives the Nimitz more room to stage and load airplanes for missions. Nimitz-class carriers also have about a 97,000 ton displacement, while the CDG has a 42,000 ton displacement.
This is why Nimitz-class carriers can carry more than 75 aircraft, such as F/A-18 Super Hornets, EA-18G Growlers, and more.
See the rest of the story at Business Insider
Cameron Hight's career owes a lot to his love for poker.
It's a passion that dates back years, to when he and his buddies got deeply into the game. They spent hours upon hours trying to outsmart and outwit one another.
Playing so regularly helped sharpen Hight's ability to assess probabilities and calculate expected returns in his head.
But most important of all, he recognized the importance of approaching every hand with the same set of disciplined principles. He didn't act with his gut. Every move fit into a predetermined framework optimized to give him the best chance to win.
Those proved to be valuable skills for him in his career — first as an equity research analyst for firms like Lehman Brothers, CIBC, and Credit Suisse, and then as a stock analyst at a hedge fund called Afton Capital Management.
It was at Afton that life-altering inspiration struck Hight. He was reading a book on — you guessed it — poker theory, called "Getting the Best of It." When he noticed parallels between the author David Sklansky's advice and his everyday work helping make investment decisions, the gears started turning.
The end result was a spreadsheet that would serve as the foundation for the next step in Hight's career.
"I said man, this is exactly the way we make decisions every day, except we don't make it explicit," Hight told Business Insider in a recent interview. "We talk about what we can make, we talk about how much we can lose, and we have subjective probabilities."
He continued: "I had the spreadsheet built within a month after I finished reading that book."
The ultimate purpose of the spreadsheet was to establish a standardized process for decisions normally made in someone's head. Those types of internal calls can be rife with inefficiencies and unrealized biases. It's Hight's intention to avoid them entirely.
That thinking formed the basis for the firm Hight founded, which is called Alpha Theory. It provides a web-based tool for hedge funds and mutual-fund managers that aims to nail down an investment process that can optimize returns.
In other words, it sets out to help very smart traders get out of their own way — and make more money.
And the investment community seems to be embracing it. As of October, Alpha Theory's client roster boasts more than 70 institutional clients with a combined $200 billion under management, according to Hight.
The influence of 'Moneyball'
While Hight readily says his enthusiasm for poker was the inspiration for what would eventually become Alpha Theory, he acknowledges another crucial influence: the classic Michael Lewis book "Moneyball: The Art of Winning an Unfair Game."
"Moneyball" and the statistics-driven revolution was at peak popularity when Hight first started thinking about how to shake up traditional investing methods.
The book — and subsequent Oscar-nominated film — dealt with the disruption of professional baseball and the hallowed traditions embedded in the game. The similarities to the investing world were too much for Hight to ignore.
"'Moneyball' was really the confidence builder for me to recognize that industries can become ossified," Hight said. "They can fall into ruts of making decisions the same ways over and over. Why? Because the people that were before them were making decisions the same ways."
Hight notes that the "Moneyball" methodology essentially used one metric — on-base percentage — as a proven predictor of win percentage. From there, a team was built, often using players whose values were underappreciated based on traditional measures.
He points out that a similar statistic — expected probability-weighted return — applies to professional investors.
"How much can I make if I'm right, and how much could I lose if I'm wrong?" Hight posed. "What are the probabilities of each of those things occurring? Then I use that expected return to help you determine if an asset to be in your portfolio or not, and how it should be sized."
Investors continue to make the same mistakes
Since the premise of Alpha Theory is that traders rely far too often on mental math, emotion, and bias, it's not surprising that Hight has developed a laundry list of common investing errors.
He refers to it as a manifesto, and it's titled "8 Mistakes Money Managers Make." And though Hight wrote it nearly five years ago, he's constantly referring back to it because investors are continuing to make the same blunders — however unintentionally.
Hight says far and away the No. 1 mistake investors make is not having their best trades properly reflected in their portfolios. According to his research, more than 90% of money managers don't have their five best ideas as their five largest positions.
It's a theme that ties into one of Hight's seven other investing mistakes — something he calls the "good stock" paradox. The crux of it is that traders find it difficult to get rid of stocks that have made them money, even though their potential gains get diminished as the price climbs.
"The expected return decreases while you increase your overall exposure," Hight said. "That happens all the time, but it's easy to ignore in situations where a position is making you money."
Considering that the stock market's proven winners are currently the most commonly owned by hedge funds, big-money investors would seem to be hurtling headfirst into this trap. For context, Facebook, Amazon, Microsoft, Alphabet, and Alibaba are the five most popular hedge fund positions as of October, according to Goldman Sachs.
Sure, they've made money hand over fist for investors over the past few years, but Hight's methodology suggests such stocks are no longer worth the risk of such a huge position after a certain point. One need not look further than the outsized beating these companies take during bouts of market weakness to realize how vulnerable they are at such stretched valuations.
In the end, Hight's mission is to strip out human error from the investing process — the kind that even the smartest traders can't help falling victim to.
An office of Rubik's Cube enthusiasts
Cameron Hight doesn't play too much poker anymore, even though the game shaped his career. He and his friends prefer more lighthearted fare now, such as spades or Trivial Pursuit.
But in the Alpha Theory offices, the competitive juices still run strong — except instead of poker, employees are Rubik's Cube enthusiasts. Hight estimates that 80% of his office can now complete one in under two minutes. In fact, their mastery has gotten to a point at which they're now trying different shapes.
In a way, the evolving Rubik's Cube fascination at Alpha Theory encapsulates the firm's mission.
If you've had success doing something, continue to find new ways to challenge yourself and the parameters you've set. Don't fall into a pattern, or a set way of doing things, even though that's human nature.
"We know there's a logical side of our brain that knows a lot of the things that we should do, but that doesn't mean that we actually implement and do them," Hight said. "We're humans, and that's part of the problem."
The US Army made it mandatory for all soldiers to wear the new Army Combat Uniform with an Operational Camouflage Pattern on Oct. 1, 2019, a battle dress uniform designed to better camouflage soldiers in modern combat.
But it's just one small change.
In the 242 years since the US declared independence from the English in 1776, the uniforms of those serving in the US Army have evolved dramatically.
Over the years, as the nation grew, uniforms too have evolved to fit the times and conflicts and to take advantage of changes in tactics and technology. In some cases, as this paper from US Army History notes, the changes were minor affairs, while in other cases, the look of the US Army was radically changed.
So we found a variety of paintings, and old and new photos, including some of war reenacters, to highlight the major advancements in US Army uniforms.
Check them out below.
Revolutionary War (1775)
At first, during and immediately after the Revolutionary War, the US Army uniform was based off of the British military. The Continental Army uniform was distinguishable by its blue coat. Additionally, the unforms were paired with white overalls and waistcoats.
War of 1812 (1812)
Following the War of 1812, the US Army again updated and standardized its uniforms. The new ones were noted for their blue wool coats that featured high-necked collars and front-facing buttons. In some cases, when blue wool could not be found, gray wool was used. These coats were also matched with "tombstone" shako caps.
Mexican-American War (1845)
By the Mexican-American War in 1845, the US Army uniform featured another set of changes. Soldiers began wearing roundabouts, which were primarily made of blue wool. Additionally, the pants would feature vertical stripes and chevrons on their sleeves in yellow that would mark their ranks. The Army also replaced tombstone caps with forage folding caps.
See the rest of the story at Business Insider
New Yorkers love Sour Patch Kids, Californians love Skittles, and Texans love Reese's Peanut Butter Cups.
That is, at least, according to a recent study by CandyStore.com, an online retailer that sells candy in bulk across the United States and Canada.
CandyStore.com's study looked at sales data from 2007 to 2017 to find each state's favorite candy in the months leading up to Halloween. Sales were broken down by state and then verified by CandyStore.com's distributors.
This year, the National Retail Federation is estimating that shoppers will spend $2.6 billion on Halloween candy, which is slightly lower than last year's estimate of $2.7 billion. That's equal to about $27 spent on candy per person.
According to CandyStore.com, the top sellers nationwide were Skittles, M&M's, and Snickers.
Take a look at which candy is most popular in your state.
NOW WATCH: Why this Bovet watch costs over $450,000
The airplane is a commercial 747-400 jet called "Cosmic Girl," and the orbital-class rocket is named "LauncherOne."
Virgin Orbit aims to use the retrofitted jet to tow LauncherOne as high above Earth as possible, release the rocket, and then blast a small-satellite payload into orbit around Earth.
"Air launch frees missions from traffic jams at the existing launch sites; eliminates the need for costly, fixed ground infrastructure; and makes the system more resilient to unfavorable weather conditions," the company said in an emailed press release.
Here's what the new system looks like.
Sending a rocket into space is astronomically expensive. Even the most affordable launch vehicles today, such as the Falcon 9 rocket built by Elon Musk's space company, SpaceX, can cost more than $62 million per flight.
Source: Business Insider
But the demand to launch smaller, less expensive satellites more frequently is booming, thanks to advances in materials, sensors, and software.
Source: Allied Market Research
Branson hopes to help meet that demand by exclusively launching smaller payloads more often and more affordably with Virgin Orbit.
See the rest of the story at Business Insider
The 2018 midterm elections are just two weeks away, but if you're registered to vote in the US and won't be able to do so in person, there's still time to request and send in your absentee ballot.
While states all have different requirements for receiving a ballot, most military service members, US citizens living abroad, college students, or people who will otherwise be away from their polling place for another reason, including a disability or religious conflict, are eligible to vote absentee in the November 6 election.
All states allow voters to request ballots by mail, but only some permit in-person requests. Virginia is the only state where voters can apply for an absentee ballot online.
You can check your voter registration status and request a ballot in your state here.
If you request a ballot but don't receive it in time to mail in back by your state's deadline, you can fill out the Federal Absentee Write-in Ballot as a backup. In the meantime, you can use Ballotpedia's sample ballot lookup tool for information on all the federal, state, and local elections and/or ballot initiatives that you'll be voting on this fall.
Here are the deadlines in every state to request and mail in your ballot if you'll be voting absentee:
Read more of Business Insider's 2018 Midterm Election coverage:
This Halloween, the creepiest event to attend might be a mass online social experiment hosted by researchers at the Massachusetts Institute of Technology.
MIT is famous for churning out some of the world's top engineers, programmers, and scientists. But the university's Media Laboratory is increasingly known for launching experimental projects in October that are designed to make us squirm.
In 2016, researchers at the MIT Media Lab created the artificial-intelligence program Nightmare Machine, which converted normal photos into into macabre images. (The results were predictably creepy.) Then in 2017, a researcher made AI software called "Shelley" that learned how to write its own horror stories. (These were also creepy.)
This year, members of MIT Media Lab are taking their desire to freak us out to the next level with a project called "BeeMe."
BeeMe is described in a press release as a "massive immersive social game" that aims to "shed a new light on human potential in the new digital era." But it also sounds like a choose-your-own-adventure episode of the show "Black Mirror."
"Halloween night at 11 p.m. ET, an actor will give up their free will and let internet users control their every action," Niccolò Pescetelli, who studies collective intelligence at MIT Media Lab, told Business Insider in an email about BeeMe.
Pescetelli added: "The event will follow the story of an evil AI by the name of Zookd, who has accidentally been released online. Internet users will have to coordinate at scale and collectively help the actor (also a character in the story) to defeat Zookd. If they fail, the consequences could be disastrous."
How MIT will let you control a person
The project's slogan is: "See what I see. Hear what I hear. Control my actions. Take my will. Be me."
The full scope of gameplay is not yet public. However, Pescetelli, BeeMe's social media accounts, and promotional materials reveal a few key details.
The person being controlled will be a trained actor, not anyone randomly selected. Who that actor will be and where they will be located won't be disclosed, Pescetelli said. He said he expects the game to last about two hours, but added "it will be the audience who ultimately decides" how long the game will go on.
There will be limits to what crowd-generated commands can make the actor do.
"Anything that violates the law or puts the actor, their privacy, or their image in danger is strictly forbidden," Pescetelli said. "Anything else is allowed. We are very curious about what [is] going to happen."
Participants will control the actor through a web browser, in two ways.
One is by writing in and submitting custom commands, such as "make coffee,""open the door,""run away," and so on. The second way is by voting up or down on those commands, similar to the system used by Reddit. Once a command is voted to the top, the actor will presumably do that very thing.
This is the origin of the word "bee" in the project's name: Internet users will have to act collectively as a "hive" to progress through the game.
BeeMe's Twitter account shared an eerie teaser video of the game on October 15.
"Many people have played an augmented reality game, but BeeMe is reality augmented," Pescetelli said in a press release. "In BeeMe an agent gives up their free will to save humanity — or perhaps to know whether humanity can be saved at all. This brave individual will agree to let the Internet pilot their every action."
The whole event will be broadcast live at beeme.online.
"In theory there is no limit to the number of users that the platform can support, but we will know for sure only on Halloween," Pescetelli said.
Why the researchers created BeeMe
The BeeMe project is made by eight people, will cost less than $10,000, and quietly went public in May 2018, when it joined Twitter as @beeme_mit. The tweets posted by the account capture some of its thinking and evolution.
One tweet quotes philosopher Marshall McLuhan, who famously wrote in 1964 that "the medium is the message"— meaning that any new way to communicate influences what we say, how we say it, and ultimately what we think. McLuhan, who lived until 1980, is described by his estate as "the father of communications and media studies and prophet of the information age."
"[In] the long history of humankind (and animal kind, too) those who learned to collaborate and improvise most effectively have prevailed," BeeMe tweeted in August, quoting a famous saying of Darwin's (and likely as a tip on how to win the game).
Another tweet highlights a shocking act of performance art called "Come Caress Me," created in 2010 by Amir Mobed. In the installation, Mobed stands before a huge target with a metal bucket on his hed, and volunteers are led into the room to shoot him with a pellet gun. (Many do, not seeming to understand the ammunition is real.)
These and other BeeMe posts seem to reflect what the experiment strives to be on Halloween: Something that is on its surface fun, but reveals some hidden truths about ourselves and our digital society.
In a release sent to Business Insider, the project described itself this way: "BeeMe is a dystopian game that promises to alter the face of digital interactions, by breaking the Internet's fourth wall and bringing it back to reality. BeeMe wants to reopen a serious — yet playful — conversation about privacy, ethics, entertainment, and social interactions."
Whatever the game ends up teaching those who play or watch it, we'll find out on Halloween if humanity can pull together to save itself — or fail in dramatic disarray.
This story has been updated with new information.
The Internet of Things (IoT) is transforming how companies and consumers go about their days around the world. The technology that underlies this whole segment is evolving quickly, whether it’s the rapid rise of the Amazon Echo and voice assistants upending the consumer space, or growth of AI-powered analytics platforms for the enterprise market.
And Business Insider Intelligence is keeping its finger on the pulse of this ongoing revolution by conducting our second annual Global IoT Executive Survey, which provides us with critical insights on new developments within the IoT and explains how top-level perspectives are changing year-to-year. Our survey includes more than 400 responses from key executives around the world, including C-suite and director-level respondents.
Through this exclusive study and in-depth research into the field, Business Insider Intelligence details the components that make up the IoT ecosystem. We size the IoT market and use exclusive data to identify key trends in device installations and investment. And we profile the enterprise and consumer IoT segments individually, drilling down into the drivers and characteristics that are shaping each market.
Here are some key takeaways from the report:
In full, the report:
Following a week of tragedy, chaos, and fear, President Donald Trump took the stage in Illinois on Saturday night for another one of his raucous campaign rallies.
On Saturday morning, a shooter opened fire at the Tree of Life synagogue in Pittsburgh, killing 11 people and injuring six others.
The rest of the week, the nation was gripped by bomb scares as prominent targets of Trump's ire, from former President Barack Obama to CNN, received explosive devices in the mail. Suspect Cesar Sayoc Jr. has been arrested and charged with sending the series of pipe bombs.
As Trump began speaking to the crowd in Murphysboro just before 5:30 p.m. local time, he acknowledged, "This was a rough, rough week for all of us."
"The hearts of all Americans are filled with grief following the monstrous killing of Jewish Americans at the Tree of Life synagogue in Pittsburgh, Pennsylvania," he said.
.@realDonaldTrump's remarks on the #PittsburghSynagogue shooting at his rally in Illinois tonight: "The scourge of anti-Semitism cannot be ignored, cannot be tolerated, and it cannot be allowed to continue."https://t.co/D71xxnJquf#PittsburghShootingpic.twitter.com/2HG691xFOv— Rebecca Harrington (@HarringtonBecca) October 27, 2018
When Trump said the suspect, 48-year-old Robert Bowers, was in custody, the crowd interrupted him to cheer.
"This evil, anti-Semitic attack is an assault on all of us," he said. "It's an assault on humanity. It will require all of us working together to extract the hateful poison of anti-Semitism from our world."
Trump continued: "The scourge of anti-Semitism cannot be ignored, cannot be tolerated, and it cannot be allowed to continue. We can't allow it to continue. It must be confronted and condemned everywhere it rears its very ugly head."
The crowd cheered loudly again when Trump saluted the "heroes of American law enforcement", four of whom were among those injured in the shooting.
Earlier in the day, the president said gun laws had "little to do" with the shooting and that "results would have been better" if there was "protection" within the synagogue when a reporter asked if he felt compelled to "revisit gun laws" in light of the massacre.
Trump said he considered canceling the rally, but ultimately told reporters on Air Force One en route to the event that he decided not to because, "We can't let evil change our life and change our schedule."
Speaking on the issue at the rally, he added: "I don't want to change our lives for someone sick and evil."
Trump pivoted from the tragedy in Pennsylvania to call for some of his pet issues, including religious freedom, law and order, and "rallying around our great American flag." He also used the shooting as an opportunity to champion the death penalty.
"If you don't mind, I'm going to tone it down just a little bit," Trump then said, and when some in the crowd loudly shouted, "No!", he shifted to full-0n campaign mode, pushing Republican causes like tougher immigration enforcement.
The president was in southern Illinois showing his support for Rep. Mike Bost, who's locked in a tight reelection campaign.
After Saturday's rally, Trump is heading to at least eight more states to campaign for Republicans before the midterm elections in 10 days.
NOW WATCH: Inside the Trump 'MAGA' hat factory
Elon Musk may have settled a suit filed against him by the Securities and Exchange Commission, but he's still tilting at federal regulators.
In a long series of tweets on Friday, Tesla's CEO called an investigation into the company by the US Justice Department "total bs" and said that the tweet he posted that led to the SEC charges against him was "worth" the $20 million fine had had to pay to settle them.
He also poked fun at the SEC's mandate as part of his settlement to get him to be more responsible with his tweets.
In response to a tweet from another user suggesting that he had turned over a new leaf, that he was acting the part of running a company that had finally matured, Musk tweeted: "Clearly, you're not reading my twitter."
Clearly, you’re not reading my twitter— Elon Musk (@elonmusk) October 26, 2018
Musk's tweets have gotten him in trouble before
Musk's tweets in August related to potentially taking Tesla private got him and the company in trouble with the SEC.
In his posts, he stated that he had "funding secured" to take the company private. The SEC later charged that statement and other related ones were false, and that Musk knew they were at the time.
After initially rejecting a settlement offer — and seeing the SEC file civil charges against him — Musk settled the suit. As part of the settlement, Tesla had to pay a $20 million fine to the SEC and agreed to put in place new guidelines to oversee Musk's social media use.
If his tweetstorm was any indication, Musk wasn't the slightest bit chagrined by the settlement, which also will require him to step down as Tesla's chairman.
As part of a back-and-forth on the site with other users about the merits of Twitter and how relatively few followers "like" good tweets, one user asked him what the ratio of likes was for his "funding secured tweet." Musk's two-word response: "Worth it."
Musk said the Justice Department investigation is 'total bs'
But Musk didn't stop there. That evening, The Wall Street Journal published a report saying that the Justice Department is ramping up its investigation into Tesla over whether Musk and the company misled investors over production issues related to its new Model 3 vehicle.
Musk had said as early as February of last year — months before Tesla started making the Model 3 — that the company planned to be manufacturing 5,000 of the vehicles a week by the fourth quarter of 2017, comments he echoed that July. In reality, the company didn't hit that 5,000 vehicle a week target for the first time until the end of June this year.
Commenting on the Journal's article Friday night, Fox Business Network correspondent Charles Gasparino tweeted that proving that Musk and Tesla misled investors would be "really difficult."
"Exactly," Musk responded to Gasparino. "This is total bs."
Exactly, this is total bs. What part of “production hell” sounds like a sure thing!?— Elon Musk (@elonmusk) October 27, 2018
Musk even seemed to invite a dig through documents via a Freedom of Information Act request in an effort to prove his case.
"The FOIA on this will be solid gold," he tweeted. "Can't wait."
The FOIA on this will be solid gold. Can’t wait.— Elon Musk (@elonmusk) October 27, 2018
But that wasn't all. Earlier, another Twitter user charged that the substance and timing of the Journal's article was "purely meant to distort [Tesla's] stock and harm investors" and questioned why the SEC wasn't looking into it.
"Good question," Musk responded.
Good question— Elon Musk (@elonmusk) October 26, 2018
At the end of his tweetstorm, Musk announced he would be "signing off Twitter for a few days."
Signing off Twitter for a few days ...— Elon Musk (@elonmusk) October 27, 2018
This is a preview of a research report from Business Insider Intelligence, Business Insider's premium research service. To learn more about Business Insider Intelligence, click here.
Mortgages are valuable for retail banks, but they're also complex products. In the UK alone, mortgages account for almost 60% of retail banks' profits. But mortgage lending can be a complicated process — it involves estate agents, appraisers, and conveyance agents.
This complexity has resulted in major consumer pain points, like a lack of understanding of mortgages, inconvenient access channels, and difficulty switching providers. In an increasingly digital landscape, tech-savvy consumers are starting to demand simpler ways to take out mortgages, and legacy providers are suffering. In the US, the top three incumbent lenders together captured about 45% of the overall mortgage market in 2011; they hold just 24% in 2017.
But a new class of mortgage-focused startups have developed a range of business models to help incumbents update this valuable product for the digital age. Their strategies vary between geographies: In countries like the US and UK, where homeownership is culturally important, they help incumbents keep consumers interested in taking out home loans.
Meanwhile, in countries like Germany and Switzerland, where people prefer renting, they help incumbents attract new mortgage customers. Some incumbents are already partnering with these players, while others have opted to launch in-house initiatives. Each strategy has its pros and cons, but incumbents must adopt an approach to avoid losing relevancy and market share.
There are still some fundamental problems in the insurance market that present obstacles to innovation — for both startups and incumbents. But there are ways to overcome them while making mortgages more attractive for consumers and improving returns for lenders.
In a new report, Business Insider Intelligence looks at the fundamental problems dogging the current mortgage process and examines why these flaws are becoming impossible for incumbent mortgage providers to ignore. It also outlines the types of fintechs stepping in to drive innovation in the mortgage space, some current efforts by incumbent banks, and hurdles still standing in the way of large-scale change in the mortgage industry, as well as what can be done about them.
Here are some of the key takeaways from the report:
In full, the report:
The man who allegedly opened fire in a Pittsburgh synagogue Saturday morning, killing 11 people and injuring six, was reportedly a frequent poster on Gab, a relatively new social network that has attracted many from the far-right fringe.
Robert Bowers, the suspected shooter, reportedly joined Gab at the beginning of this year, using it to post a series of anti-Semitic messages and redistribute many more from other users. Immediately before he allegedly attacked the synagogue, Bowers took aim at HIAS, a Jewish organization that helps refugees.
"HIAS likes to bring invaders in that kill our people,"he wrote, according to an archive of his Gab posts. "I can't sit by and watch my people get slaughtered. Screw your optics, I'm going in.
Read more:Here's what we know about Robert Bowers
Gab, which bills itself as the free-speech alternative to Facebook and Twitter, has become a haven for far-right extremists. The site does not police hate speech, instead encouraging users to take advantage of its tools to filter out posts they find offensive.
Here's what we know about Gab:
Gab was launched in August 2016.
Initially, consumers could only use the site if they'd been invited to register.
The site was cofounded by Andrew Torba.
Torba founded Gab with Ekrem Büyükkaya, with whom he'd worked at AutomateAds.com.
Torba launched Gab as an alternative to Facebook and Twitter.
Torba told BuzzFeed News he had been frustrated with the way "left leaning Big Social" sites were filtering posts, feeling like they weren't qualified to judge what was news or harassment.
"It didn't feel right to me, and I wanted to change it, and give people something that would be fair and just," he told BuzzFeed News.
See the rest of the story at Business Insider
Living out of a van can be a lonely, cramped existence — yet some people are choosing it over life in a standard home. As real estate becomes more expensive in cities such as New York and San Francisco, young tech workers, retirees, and even families are turning to converted vans as a way to save on rent.
Though van dwelling may be a viable option for some, the reality is far less seductive than it's made out to be. Many photos of converted vans show little room for anything other than a bed and a few storage bins. Vehicles that have been lived in for a while are often a cluttered mess, packed with stray belongings and portable fans.
Check out what van living is really like for the urbanites who dare to tackle life on the road — and the many who rely on vans as an affordable housing option.
Some people choose to live in a van so they can travel all over the United States. Lyn Sweet, an artist who has lived in a van for the past two years, set out in her first vehicle after saving money for eight months. She worked five different jobs during that time.
Many van dwellers stop by national parks as they make their way across the country.
Some travelers capture beautiful images by state parks along the coast, such as Cape Kiwanda in Oregon.
See the rest of the story at Business Insider
When 29-year-old Shay Khatiri woke up on Saturday morning, his Jewish friend whose couch he was staying on told him about the deadly shooting at the Tree of Life synagogue in Pittsburgh that left 11 people dead and injured six more.
Khatiri wanted to help.
"I thought I would donate a little money, which is not going to make any real change to help them — not that they could ever recover from this tragedy — but to help them a little bit," he told INSIDER.
Since he had set up GoFundMe pages before, Khatiri decided to make one for the victims of the shooting so his donation could perhaps spur others.
By 10 p.m. ET on Saturday — just nine hours after he posted it — the page had raised over $140,000, from 2,735 donations.
Khatiri has now raised the goal three times, from its original $50,000 to $1 million.
"I hope this will be a help to the synagogue, to the survivors, to the families of the people who lost their lives or are badly wounded," he said.
Plus, GoFundMe handles the donations so they will go directly to the Tree of Life Congregation.
An Iranian immigrant now studying at the Johns Hopkins School of Advanced International Studies in DC, Khatiri said he had no idea how quickly the page would raise this much money.
"You cannot overestimate the generosity of Americans," he said.
Papadopoulos' request reportedly came the same day he delivered a 7-hour testimony to the House Judiciary and Oversight committees as part of a probe into previous FBI and Department of Justice investigations that surrounded the 2016 US presidential elections.
The Senate's investigation concerns Russian meddling and possible collusion with the Trump campaign in the 2016 election, for which Papadopoulos' ties to Russian officials made him of particular interest.
CNN first reported the immunity request, followed up by the Washington Post, but the status remains unclear.
The special counsel Robert Mueller's investigation found last year Papadopoulos had made at least six attempts to set up a meeting between the Trump campaign and Russian representatives throughout the course of the 2016 presidential campaign.
The former campaign staffer, who was sentenced two weeks in prison last month for lying to FBI investigators, said on Fox News Friday he was "framed" in the investigation and was considering withdrawing his guilty plea that concerned conversations that promised "dirt" from the Russian government on then-Democratic candidate Hillary Clinton.
Papadopoulos, who Trump has described as a low-level volunteer, was the first former campaign member to detail knowledge of Russian efforts to interfere in the 2016 presidential election while it was ongoing.
Mueller previously recommended that Papadopoulos be sentenced to as many as six months in prison.
The suspected gunman, 48-year-old Robert Bowers, was arrested at the scene after firing upon officers when they first arrived, wounding at least three.
The local CBS affiliate KDKA reported that the gunman was also wounded and was crawling on the ground from his injuries.
In a 29-count criminal complaint filed Saturday night, federal prosecutors charged Bowers with obstructing the exercise of religious beliefs resulting in death, using a firearm to commit murder, and seriously injuring police officers, the Associated Press reported.
Bowers is believed to live in the Versailles borough of Pittsburgh, and has been described as a heavy set, white male with a beard, KDKA reported.
Since 1996, Bowers has legally bought at least six firearms, according to CNN, citing a law enforcement official.
He reportedly entered the synagogue shouting"All Jews must die," and had written anti-Semitic posts on social media. Pittsburgh authorities tweeted that the "shooting will be prosecuted as a Hate Crime and the FBI will be leading the investigation."
An hour before the shooting, Bowers wrote on a social media platform called Gab under the name One Dingo that “HIAS likes to bring invaders in that kill our people. I can’t sit by and watch my people get slaughtered. Screw your optics. I’m going in,” according to Heavy.com.
HIAS stands for Hebrew Immigrant Aid Society, which helps provides humanitarian aid and assistance to refugees.
Gab promotes itself as a free speech platform, which many white supremacists have turned to after being kicked off Twitter and other websites.
Gab removed Bowers' profile shortly after the shooting.
Bowers wrote on his Gab profile that "jews are the children of satan." He also made several anti-immigrant comments, Heavy.com reported.
Bowers was apparently opposed to the Trump administration, saying he did not vote for Trump and reportedly calling him a "globalist, not a nationalist."
Every year, migrants send hundreds of billions of dollars worth of remittances back to friends and family in their home country. And there's a massive industry that facilitates these payments — and has for more than a century.
The legacy remittance industry has been long dominated by cash, which requires physical locations where customers can hand over or pick up money. Building out those retail networks is a huge investment. It's left just a few players, called Money Transfer Operators (MTOs), controlling a bulk of the industry.
But these companies' comfortable hold on the industry is now being challenged by digital remittance startups. Digital-first remittance companies are competing on fees and usability, and capitalizing on the way people's expectations have changed with the advent of digital and mobile channels.
In a new report from BI Intelligence, we size the total remittance market, company-specific market share, digital's market share, and digital's growth at major remittance firms. We also assess how disruptive digital startups have been by comparing their fees with market leaders, and by juxtaposing their business models with those of legacy companies.
Here are some of the key takeaways:
In full, the report:
Interested in getting the full report? Here are two ways to access it:
If you've ever laughed at a video of someone falling over, then you're with the majority of other people on the internet. It's natural to get caught up in the hilarity of viral content, and easy to forget there's a person on the other end of what you're watching.
Sometimes this schadenfreude — a German concept meaning "shameful joy," or basically a sense of pleasure felt from the misfortune of others — is a little more obvious. For example, you see someone on social media getting called out for their mistakes and you pile on. Or maybe you feel glee that a rival sports team has been knocked out of a tournament.
According to psychologists at Emory University, schadenfreude can reveal something about people with dark personality traits. In a new article published in New Ideas in Psychology, the authors discuss how schadenfreude encompasses aggression, rivalry, and justice. But something more sinister connects the three.
"Dehumanization appears to be at the core of schadenfreude," said Shensheng Wang, a PhD candidate in psychology at Emory and first author of the paper. "The scenarios that elicit schadenfreude, such as intergroup conflicts, tend to also promote dehumanization."
Dehumanization means depriving a person or group of people of positive human qualities. Essentially, you perceive them as not really being human anymore, and not really feel any empathy for them at all.
When there is a disconnect between the event and the person witnessing it, dehumanization is easier. For instance, in a viral video where you don't know the person, or when a natural disaster happens and you're too far away to comprehend it.
In a sense, schadenfreude is an example of dehumanisation, because it's unlikely you'd feel so satisfied if bad things happened to people you care about.
"We all experience schadenfreude but we don't like to think about it too much because it shows how ambivalent we can be to our fellow humans," said psychologist Philippe Rochat, another author of the study.
"But schadenfreude points to our ingrained concerns and it's important to study it in a systematic way if we want to understand human nature."
Scott Lilienfeld, the third author, added that schadenfreude overlaps with several dark personality traits like sadism, narcissism, and psychopathy. On some level, it could explain the feeling sociopathic, psychopathic, or narcissistic abusers get when they hurt someone they're close to.
In relationships, for example, people on the dark personality spectrum are uncompromising, difficult, and controlling. They are attracted to successful, kind, and strong people, because they like the challenge of tearing them down.
Psychologists and therapists are undecided over whether these people really mean to harm their partners or if it's just part of their wiring that they can't control. But what is clear is they get a sense of enjoyment out of it that they thrive on, and a relationship with one is always going to be incredibly hard work.
Not feeling empathy in certain situations is normal, and it's only perpetuated by social media. Generally, as a rule, if you're worrying that you might be a psychopath, you're probably not one.
It's only a sign of a personality disorder if you have absolutely no intention of trying to sympathise with others. That's when the schadenfreude you feel might be a sign of something darker.