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The latest news from Business Insider
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    2018 01 23_16 54 27

    • The 2018 NBA All-Star jerseys appear to have leaked online, sporting a black and white design and the Jordan Brand logo as opposed to the more traditional Nike swoosh.
    • The design shares aesthetic similarities to the newly released "City of Flight" line from Jordan Brand, and it's possible that the two are connected.
    • Reactions to the jerseys were mixed, with some fans digging the minimalist designs and others decrying them online.


    The 2018 NBA All-Star jerseys have leaked online, and the unusual color pattern appears to be an attempt by Nike to promote a new clothing line from their subsidiary, Jordan Brand.

    Images leaked to Conrad Burry at SportsLogos.net and others show a minimalist, black and white design that features the logo for each player's team and the Jordan Brand "Jumpman" logo rather than the Nike swoosh seen on most NBA uniforms. Michael Jordan's Charlotte Hornets is the only team using the Jumpman logo on its new Nike uniforms.

    The jerseys also feature the logo for KIA, which sponsors the event.

    A big reason for the black and white design appears to be an attempt by Nike to use the All-Star Game gear as a part of a larger brand promotion. The newly released "City of Flight" line from Jordan Brand sports a similar black-and-white color scheme and, of course, the prominent Jumpman logo.

    With this being the first year of Nike's new apparel and uniform deal with the NBA, it would make sense that the brand would want to make a splash during its first All-Star break.

    City of Flight

    When asked about a potential connection between the two designs, a representative of Jordan Brand said "We don’t have any official news to share at this time."

    Depending on your personal aesthetic, chances are you either love or hate these jerseys, with little room in between. The choice of the bare-bones design is a dramatic one, and represent a complete rejection of the once bright, fun colorways that All-Star Game jerseys were known for.

    Regardless of how much of their design was driven by a larger marketing plan for Jordan Brand, the jerseys have both their haters and defenders.

    We'll know more about the jerseys and their potential connection to the "City of Flight" line from Jordan Brand once they are officially unveiled.

    SEE ALSO: Kevin Love reportedly came under fire in a heated Cavs meeting, and the team is still said to be 'divided'

    Join the conversation about this story »

    NOW WATCH: REGGIE BUSH: The College Football Playoff is an improvement but it's still flawed


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    Ohio class ballistic missile submarine

    • The National Nuclear Security Administration is responsible for maintaining and creating the US' nuclear arsenal.
    • Frank Klotz, the recently-retired head of the NNSA, says that the agency is stretched thin.
    • The statement comes as the Trump administration plans to modernize or increase the number of low-yield nuclear warheads as part of a greater nuclear deterrence.


    As President Donald Trump plans to modernize and expand the US' nuclear program, the outgoing head of the National Nuclear Security Administration said the agency is stretched thin.

    "We're pretty much at capacity in terms of people, although we're hiring more. We're pretty much at capacity in terms of the materials that we need to do this work. And pretty much at capacity in terms of hours in the day at our facilities to do this work," Frank Klotz said in an interview with Defense News.

    Klotz retired from the NNSA on January 19.

    The NNSA is an agency within the Department of Energy that oversees the US' nuclear stockpile. While the military is in charge of delivering and ordering the use of nuclear weapons, the NNSA handles storage, development, and maintenance of the warheads.

    A leaked draft of the Trump administration's Nuclear Posture Review calls for modernizing or newly creating low-yield nuclear warheads, specifically for submarine-launched ballistic missiles.

    The strategy is part of the US government's efforts to maintain and show a credible nuclear deterrence, which Secretary of Defense Jim Mattis highlighted as part of the department's National Defense Strategy that was unveiled earlier in January.

    Klotz declined to directly address the leaked NPR while speaking with Defense News. When asked if he had any concerns about the future plans, Klotz pointed to the volume of the agency's work and limited resources.

    "We are working pretty much at full capacity," he said. "And you can draw your conclusion from that."

    Klotz noted that the NNSA has not taken on more than one extension program since the end of the Cold War. "We're now doing essentially four," he said.

    The Department of Energy predicts that it will spend more than $300 billion on the US' nuclear weapons over the next 25 years.

    SEE ALSO: We toured the world's largest aircraft carrier, which can house 75 aircraft (but doesn't have urinals)

    Join the conversation about this story »

    NOW WATCH: North Korea's leader Kim Jong-Un is 34 —here's how he became one of the world’s scariest dictators


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    mask protest

    • South Korea says it will ban anonymous cryptocurrency accounts used for financial transactions. 
    • New regulations set to take effect next week will introduce a system to verify a person's identity before they can make a crypto transaction.
    • Cryptocurrency exchanges will also be required to share user data with local banks.
    • South Korea houses some of the world's largest cryptocurrency exchanges and they have gone largely unregulated until now.


    South Korea has made moves to ban anonymous cryptocurrency accounts from being used for financial transactions. 

    Financial authorities have already banned banks from offering virtual accounts that are needed to buy or sell cryptocurrency. New regulations set for next week will further the ban already in place by introducing a system to verify a person's identity before they can make a transaction.

    Planned regulation also prevents foreigners and underage investors from opening cryptocurrency accounts in South Korea, Yonhap reported, citing financial officials. 

    South Korea's senior financial regulator Kim Yong-beom told reporters that six South Korean banks will begin issuing new trading accounts next week after the system is implemented. Those banks include Shinhan Bank, NH Bank and the Industrial Bank of Korea. 

    Existing crypto bank accounts not linked to verified users will be banned on the same day, Kim said.

    Officials also announced on Sunday that cryptocurrency traders would be required to share user data with the banks, according to Yonhap

    Newly proposed regulations would require banks to check whether cryptocurrency exchanges comply with the new transparency measures.

    The government will also be able to access users' transaction data through compliant banks, according to officials, which may point to the government looking to enforce taxes on cryptocurrency transactions. 

    Stricter trading regulations are part of a government system to curb speculative investment into virtual money, as many fear that the cryptocurrency bubble may soon burst. The government also hopes to prevent the use of cryptocurrency in illegal activity.

    "Nobody, including the government, guarantees the value of cryptocurrencies," Kim told reporters. "Given its highly volatile nature, please be cautious when making investment decisions." 

    South Korea houses some of the world's largest cryptocurrency exchanges, although exchanges have gone largely unregulated as they are not recognized as official financial institutions.

    Last week, authorities raided the country's largest cryptocurrency exchanges on suspicion of tax-dodging. As news broke of the government's plans to propose a ban on virtual currency exchanges, the global cryptocurrency market took a nosedive.

    Many South Korean users took to social media to express their anger, and posted photos of doors, laptops and showers that had been broken in a cryptocurrency-filled rage.

    SEE ALSO: Some cryptocurrency traders in South Korea took the bitcoin 'bloodbath' to a whole new level

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    NOW WATCH: Expect Amazon to make a surprising acquisition in 2018, says CFRA


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    dorchester hotel google maps

    • Hostesses at an exclusive men-only black-tie charity dinner at London were allegedly repeatedly sexually harassed by guests.
    • According to an investigation by The FT, the women were groped and propositioned.
    • A seating plan includes numerous high-profile British figures from the world of politics and finance.


    A black-tie charity dinner in London attended by high-profile British figures from the worlds of politics, finance, and entertainment is rife with sexual harassment and inappropriate behaviour, according to an investigation from The Financial Times.

    On January 18, 2018, the Dorchester Hotel played host to the Presidents Club Charity Dinner, an annual male-only event that raises millions of pounds for children's charities. Two reporters for The FT attended the 2018 event undercover, working as hostesses hired by the event to entertain the nearly 400 guests.

    They, and hostesses they spoke to, relayed accounts of frequent groping by attendees, an incident of indecent exposure, "lewd comments," and other sexual harassment and inappropriate behaviour. "I’ve never done this before, and I’m never doing it again," a 19-year-old hostess told the paper. "It’s f---ing scary."

    At the official after-party, an unnamed "society figure" allegedly told a hostess: "You look far too sober ... I want you to down that glass, rip off your knickers and dance on that table."

    Business Insider has not independently verified these allegations.

    The event was reportedly hosted by the comedian David Walliams, and a seating plan seen by The FT included multiple high-profile figures from finance and politics.

    Business Insider has reached out to those on the list, and is not republishing their names until they have had time to respond.

    'I am not aware of any reports of sexual harassment and with the calibre of guest, I would be astonished'

    When reached for comment, spokesperson Craig Breheny sent Business Insider the following statement on behalf of the Presidents Club: "The Presidents Club recently hosted its annual dinner, raising several million pounds for disadvantaged children. The organisers are appalled by the allegations of bad behaviour at the event asserted by the Financial Times reporters. Such behaviour is  totally unacceptable. The allegations will be investigated fully and promptly and appropriate action taken."

    Events company Artista was responsible for sourcing the hostesses. Founder Caroline Dandridge told The FT: "This is a really important charity fundraising event that has been running for 33 years and raises huge amounts of money for disadvantaged and underprivileged children’s charities. There is a code of conduct that we follow, I am not aware of any reports of sexual harassment and with the calibre of guest, I would be astonished." (A spokesperson declined to comment further to Business Insider.)

    Property developer Nick Candy is a former patron of the event, but did not attend in 2018, a spokesperson said.

    The event also reportedly featured an auction to raise money for charity, with the lots including an evening at a strip club and plastic surgery — a description for which invited recipients to "add spice to your wife."

    Lunches with foreign secretary Boris Johnson and Bank of England governor Mark Carney were also offered, according to the Financial Times' report. Johnson and Carney did not respond to Business Insider's requests for comment.

    Advertising conglomerate WPP sponsors a table at the event on an annual basis, and European COO Andrew Scott reportedly attended in 2018. CEO Martin Sorrell has allegedly attended in previous years. When reached for comment, a spokesperson told Business Insider that it is cutting ties with the event in light of The FT's investigation.

    "WPP has traditionally sponsored a table at the Presidents Club dinner to support its fundraising for children’s charities. Neither the company nor our attendees were aware of the alleged incidents until informed of them by the Financial Times. WPP takes these reports very seriously and, while we will continue to support relevant charities, in light of the allegations we are ending our association with the event," Chris Wade said in a statement.

    The Presidents Club Charity Dinner has run for more than 30 years, and The Independent hinted at its tone in an article in 2010. "The most eye catching part of the event – which is strictly for male diners – was the bevy of hostesses dressed in short black or red dresses, who entered the ballroom after dinner, to the fanfare of Shania Twain's 'Feel Like a Woman'. Each are paid £120 for 'fetching drinks' and 'socialising with' the glitzy guests," an unnamed author wrote.

    "''The boys tucked into the girls,' confesses my man on the inside, before adding swiftly: 'after I'd left.'"

    Join the conversation about this story »

    NOW WATCH: Here's how the map of the United States has changed in 200 years


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    Millennial spending

    This is a preview of a research report from BI Intelligence, Business Insider's premium research service. To learn more about BI Intelligence, click here.

    Life insurance is a fundamentally hard product to sell, as it requires people to think about their deaths and promises no immediate rewards.

    The way life insurance is sold makes it doubly unattractive, as consumers have to go through an paper-based, lengthy application process and a bothersome medical exam, with little guidance from their providers, and often at high cost. The problem is worsened by incumbent insurers' failure to innovate, even as personalized products and streamlined services proliferate in other areas of finance.

    Now, though, a small yet growing niche of insurtech startups is now finding different ways to digitize life insurance to make it more appealing. Life insurance-focused startups are tackling a number of problems with the status quo, including a lack of consumer understanding of the product, inconvenient application processes, weak customer loyalty, and inefficient data management and processing. Some are focused on improving products for consumers, while others are helping insurers to modernize. These startups are giving incumbents a way to revamp this product, either by partnering these companies or using their technology.

    But these life insurtechs are shaking up a strictly regulated and sensitive product, and their solutions carry regulatory and ethical risks. That means such companies, and any insurers using their solutions, must take measures to make sure these new services add value to the industry. Nevertheless, life insurtechs are likely to spearhead change in this space, with incumbents following suit. Such startups will set new industry standards and consumer expectations around this complex product. That, in turn, will serve as a catalyst for innovation among legacy insurers.

    In a new report, BI Intelligence looks at the major players in the global life insurance industry, the problems (for consumers and providers) in the life insurance status quo, how insurtechs are revamping the life insurance space and giving the product a new lease of life, best practices for both startup and incumbent life insurance innovators, and what the future of the life insurance space will look like as fintech makes its presence felt in it.

    Here are some of the key takeaways from the report:

    • The need for innovation in life insurance has never been clearer — life insurance sales on the whole are slowing, and policy ownership is hitting record lows. A lack of consumer understanding, inconvenient application procedures, low customer loyalty, and old IT systems are denting providers' returns.
    • Life insurtechs are looking to revamp the space in two key ways: Consumer-focused players focus on eliminating the pain points that put consumers off buying life insurance coverage, while insurer-focused startups offer ways to improve processes and operations for the providers that still dominate much of the market.
    • There are some risks attached to bringing technologies not typically used in insurance into this tightly-regulated space, but life insurers can adopt best practices to mitigate them and reap rewards, like: getting full customer approval to use their data, hiring tech-savvy compliance teams, and prioritize customer education about the product. Startups, meanwhile, should pick incumbent partners carefully.
    • Incumbents’ activity in life insurance innovation to date has been limited to implementing some shiny new technologies, largely on the front-end. If life insurance incumbents want to stay relevant, they'll have to invest in the core systems needed to give them the freedom to innovate and introduce changes on their own terms.

    In full, the report:

    • Looks at the world's biggest and most innovative life insurance markets, and trends they're setting for the space.
    • Explains the major inefficiencies embedded in the life insurance status quo, and the problems they're causing providers and consumers.
    • Outlines the two main strategies life insurtechs are adopting to drive change in this market, for the benefit of buyers and sellers of life insurance.
    • Discusses the best practices life insurance incumbents and startups should adopt to steer clear of the risks still attached to applying emerging technologies to such a tightly regulated product.
    • Gives an overview of what the rise of life insurtechs has in store for the life insurance space going forward.

     Interested in getting the full report? Here are two ways to access it:

    1. 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
    2. Purchase & download the full report from our research store. >> Purchase & Download Now

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    Monster Energy

    • Five lawsuits have been filed against Monster Energy by women alleging sexist and abusive behavior by executives. 
    • One plaintiff claims an executive kept his job after allegedly attempting to strangle her. 
    • The women claim that the five cases show a culture of systemic abuse and discrimination. 


    Monster Energy is in hot water after allegations of sexist and abusive behavior by executives. 

    The Coca-Cola-backed beverage company has been hit with five lawsuits involving the mistreatment of women, HuffPost reports. 

    In one case, makeup artist Sara Rabuse, who had worked with Monster, claims she was strangled by her then-boyfriend, an executive at the company. The ex-boyfriend, Brent Hamilton, was arrested on charges of assault in 2016 after an argument.

    monster energy

    Hamilton is still the head of music marketing at Monster Energy. Monster told HuffPost that there was nothing to suggest "he has a violent or abusive history or that he and his ex-girlfriend would have gotten into a private domestic dispute as alleged." 

    In another lawsuit, region manager Page Zeringue claims she faced sexual discrimination after she began dating a more senior executive, John Kenneally.

    After beginning their relationship, Zeringue was promoted twice by her boss, Kenneally. But later Zeringue claimed Kenneally threatened to fire her if she broke up with him, according to the report. 

    Zeringue told HuffPost that when she brought up issues with HR, she received a write-up filled with "fabricated, illegitimate, vague complaints and issues."

    Zeringue was fired two weeks later. Kenneally was put on paid leave after HuffPost reached out for its article, though Monster said that Zeringue's departure was unrelated to the couple's "consensual relationship." 

    Monster said in a statement to HuffPost that the lawsuits did not reflect a sexist culture at the company, and that the cases "are diverse, unrelated and do not remotely suggest a systemic environment of harassment or discrimination."

    Coca-Cola, which has a 18.1% stake in Monster, denied knowledge of the lawsuits in a statement to HuffPost.

    The company did not immediately responded to Business Insider's request for comment. 

    You can read the entire story from HuffPost here. 

    SEE ALSO: End of an era: Millennials brought about the downfall of one of America's most iconic beer brands

    Join the conversation about this story »

    NOW WATCH: Take a look inside Amazon's grocery store of the future — there are no cashiers, registers or lines


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    Pat Meehan

    • Republican Rep. Patrick Meehan of Pennsylvania reportedly settled a sexual harassment complaint from a decades-younger female aide last year.
    • The aide alleged that Meehan grew hostile after she became involved with another man.
    • Meehan, who is married, denied he was romantically involved with the aide, and said he viewed her as a "soul mate."


    Republican Rep. Patrick Meehan of Pennsylvania, who used taxpayer funds to settle a sexual harassment complaint filed by a decades-younger female aide, denied the allegation published in a bombshell New York Times report, but said he viewed the aide as "a soul mate" and "complete partner," according to The Inquirer.

    A glimpse of Meehan and the aide's alleged interaction was gleaned from a letter the married 62-year-old Congressman allegedly wrote in May, in which he thanked the aide for her companionship.

    "As you bask in this moment of extreme joy, I want to share with you my sentiment of how richly it is deserved," Meehan wrote in the letter. "You are kind and sensitive and caring and infectious with your laugh. You are and have been a complete partner to me and you have brought me much happiness."

    "As I walked this evening and glanced over at the White House I smiled at the irony that on a day I had to say 'no' to the President and to the Speaker of the House, I got to say 'yes' to you,"the letter read.

    The letter continued: "Thank you for all that you have done for me, and for all you continue to do. I thank God for putting you into my life and for all that we have seen, and experienced and genuinely shared together."

    The aide, who reportedly worked with Meehan for seven years, texted him the day after the letter was dated, thanking him "for your very kind words and for your friendship," according to messages his office shared to the Associated Press.

    The aide's complaint alleged that after she became involved in a serious relationship with another man, Meehan became hostile enough that she decided to work from home, and then ultimately quit, according to The Times.

    Meehan admitted that he may have acted selfishly towards the aide: "I started to talk to her about my reaction to (her new relationship) and you know, selfishly I was thinking about what this was going to mean to me," Meehan said in The Inquirer, "that she was leaving and that this was going to change the dynamic which was very special in my office and also somebody that I was emotionally close to by virtue of the time that we spent together in seven years."

    Although Meehan admitted to acting selfishly, he told The Inquirer that he did not pursue a romantic relationship with the aide. "I was not interested in a relationship, particularly not any sexual relationship, but we were soul mates." He said he viewed the idea of a soul mate as someone with whom a person goes through "remarkable experiences together."

    News of the aide's allegation and undisclosed settlement follows previous sexual misconduct allegations stemming from Capitol Hill in recent months. The process in which the allegations were settled has been a subject of debate, after reports shed light on lawmakers using taxpayer funds for their settlements.

    Meehan reportedly said he planned on running for reelection, according to The Inquirer.

    SEE ALSO: Trump surrogate and former Navy SEAL resigns following newly discovered rants targeting people of color, the LGBT community, and veterans suffering from PTSD

    Join the conversation about this story »

    NOW WATCH: The biggest risks facing the world in 2018


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    TotalIoTDevices

    This is a preview of a research report from BI Intelligence, Business Insider's premium research service. To learn more about BI Intelligence, click here.

    The Internet of Things (IoT) is disrupting businesses, governments, and consumers and transforming how they interact with the world. Companies are going to spend almost $5 trillion on the IoT in the next five years — and the proliferation of connected devices and massive increase in data has started an analytical revolution.

    To gain insight into this emerging trend, BI Intelligence conducted an exclusive Global IoT Executive Survey on the impact of the IoT on companies around the world. The study included over 500 respondents from a wide array of industries, including manufacturing, technology, and finance, with significant numbers of C-suite and director-level respondents. 

    Through this exclusive study and in-depth research into the field, BI Intelligence details the components that make up IoT ecosystem. We size the IoT market in terms of device installations and investment through 2021. And we examine the importance of IoT providers, the challenges they face, and what they do with the data they collect. Finally, we take a look at the opportunities, challenges, and barriers related to mass adoption of IoT devices among consumers, governments, and enterprises.

    Here are some key takeaways from the report:

    • We project that there will be a total of 22.5 billion IoT devices in 2021, up from 6.6 billion in 2016.
    • We forecast there will be $4.8 trillion in aggregate IoT investment between 2016 and 2021.
    • It highlights the opinions and experiences of IoT decision-makers on topics that include: drivers for adoption; major challenges and pain points; stages of adoption, deployment, and maturity of IoT implementations; investment in and utilization of devices, platforms, and services; the decision-making process; and forward- looking plans.

    In full, the report:

    • 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 implementing IoT solutions

    To get your copy of this invaluable guide to the IoT, choose one of these options:

    1. Subscribe to an ALL-ACCESS Membership with BI Intelligence and gain immediate access to this report AND over 100 other expertly researched deep-dive reports, subscriptions to all of our daily newsletters, and much more. >> START A MEMBERSHIP
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    The choice is yours. But however you decide to acquire this report, you’ve given yourself a powerful advantage in your understanding of the IoT.

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    NOW WATCH: Check out these unique bikes if you're looking for an upgrade


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    mark zuckerberg

    • Facebook is asking its users to decide how trustworthy news outlets are — and its survey is only two questions long.
    • The social network has been repeatedly criticised over the spread of misinformation and hoaxes.
    • Facebook argues it will look at how news sources are viewed across different demographics — but it's not clear if "trustworthiness" is the best way to rank them.


    We've got our first look at the survey Facebook is going to use to assess how trustworthy news outlets are — and it's only two questions long.

    After months of criticism over its role in the spread of misinformation and fake news, Facebook is making sweeping changes to its News Feed. The social network announced last week that rather than judging the reliability of news sources itself, it is going to ask users to assess their trustworthiness for themselves via surveys and then promote or demote the websites in the News Feed algorithm accordingly. 

    BuzzFeed News has now got its hands on the survey— and on the face of it, there's not much to it.

    First, it asks: "Do you recognize the following websites," and gives only two options in response: "yes" or "no."

    It then follows up with "How much do you trust each of these domains?" The possible answers are "entirely,""a lot,""somewhat,""barely," and "not at all."

    The brevity of the survey has attracted the ire of some critics and journalists. "Trust in news is much more-complicated," tweeted Bloomberg reporter Sarah Frier. "How well-sourced is the article? Are other sites verifying it? Is it news or analysis?"

    Guardian audience editor Dave Earley chimed in: "Come on. This is a joke, right?"

    Facebook argues that it will only rank publications higher or lower if people across different groups and demographics agree on how trustworthy a given news source is — and users can't opt in to do the survey if they haven't been selected, so bad actors can't group up together to skew the results one way or the other. 

    On Twitter, Facebook's News Feed boss Adam Mosseri defended the change, writing that "how we incorporate survey data is every bit as important as the specific questions we ask."

    He added Facebook will also be tracking what people read and using that to affect how people's responses are weighted. "The other important thing to understand is this isn’t a simple vote. We are not just valuing more publishers that a lot of people trust, but rather valuing more publishers that a lot of different types of people (based on reading habits) trust," he wrote.

    (Mosseri also admitted Facebook explained the trustworthiness change badly when it was announced, saying: "We should have done a better job explaining this one, we were trying to balance clarity and detail and didn't quite get the balance right. But that's also why we're here and on Facebook answering questions.")

    But weighting based on users' reading habits can't account for reading behaviour that takes place outside of the Facebook ecosystem. For example, the binary option for the first question doesn't differentiate between someone who's subscribed to the print edition of The Guardian for 40 years, and a fringe conspiracy theorist who only has the vaguest conception of what The Guardian publishes.

    And by treating publications as monolithic entities, to be considered trustworthy or not in their entirety, it means that those that publish a mix of news and non-news content could be penalised.

    Take BuzzFeed. The media organisation publishes everything from deeply reported investigations on targeted Russian assassinations on British soil to quizzes about "What Do You Love Based On Your Zodiac Sign?" One of these is a trustworthy, researched news story. The other one is clearly just for fun — but could contribute to a negative overall perception of the website's trustworthiness.

    Regardless of the exact phrasing of the survey, there are arguably broader concerns about this approach: Is asking users for their views on trustworthiness really the best way to stamp out misinformation?

    In a blog post published last week, Facebook CEO Mark Zuckerberg said that the company wasn't "comfortable" assessing the trustworthiness of news outlets itself, and that asking outside experts wouldn't be "objective." So, he wrote, "we decided that having the community determine which sources are broadly trusted would be most objective."

    In other words, Facebook is making a big bet on the wisdom of the crowd. Sometimes, that pays off. But sometimes, the wisdom of the crowd is dead wrong.

    SEE ALSO: The rapid spread of a fake trailer for a non-existent 'Friends' movie shows that Facebook still has a fake news problem

    Join the conversation about this story »

    NOW WATCH: I quit social media for a month — and it was the best choice I've ever made


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    Little more than five years ago, Netflix looked like a train wreck. The company had announced then quickly aborted a widely ridiculed effort to set up its profitable DVD business as a separate operation and rename it Qwikster. Customers were incensed by a big price hike. And investors were none too happy about the company's overseas expansion efforts, which were weighing on its profits.

    Boy, how things have changed. Netflix dominates the streaming media market and its DVD business is an afterthought. Its stock price has doubled in the last 13 months. And, as this chart from Statista shows, its profit is now more than double what it was in the good old days before the Qwikster debacle. Of course, it's still borrowing billions of dollars to keep its library of videos well stocked and it faces a potentially dangerous threat in the form of an upcoming streaming service from Disney, but those seems like minor quibbles when everything else is going so well.

    BI Graphics_01.23.2018_Tech_CoD Tech Chart of the Day

    SEE ALSO: Many consumers are skeptical about Amazon Go — first-day lines aside

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    NOW WATCH: You've never seen a bridge like this before


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    Andrew McCabe

    • President Donald Trump reportedly asked the deputy FBI director Andrew McCabe who he voted for during an Oval Office meeting last year.
    • The question came after McCabe became the FBI's acting director following James Comey's firing in May. McCabe told Trump he did not vote in the 2016 election.
    • The meeting between Trump and McCabe resembled the one-on-one time that the president spent with Comey after his inauguration, during which Trump asked Comey for his loyalty and requested that the FBI back off of his then-national security adviser Michael Flynn, who the FBI was investigating.
    • During congressional testimony Comey gave last June, he said he did not oblige the president's request for loyalty.
    • The revelations could add another wrinkle to the federal investigation of ties between Trump associates and Russian meddling in the 2016 election.



    Following former FBI director James Comey's ouster in May, President Donald Trump reportedly met with then-acting director Andrew McCabe and asked him who he voted for during the 2016 US presidential election, current and former officials cited by the Washington Post said in a report published on Tuesday.

    McCabe, who reportedly said he did not vote in the election that year, found the question to be "disturbing," according to one former official.

    Trump and McCabe later met again in the Oval Office, where the president interviewed McCabe for the role of FBI director, though The Post notes that Trump had no intention to hire McCabe for the job, due in part to his anger over McCabe's wife's failed run for Senate in Virginia.

    Trump accused Dr. Jill McCabe, who ran as a Democrat, of taking donations from Hillary Clinton. The campaign donations in question actually came from the Virginia Democratic Party and a super PAC operated by Virginia Gov. Terry McAuliffe, who is a Clinton supporter. Jill McCabe received no donations from Clinton herself.

    Hallmarks of the Trump-Comey meeting

    The conversation between Trump and McCabe loosely resembled the one-on-one time the president spent with James Comey shortly after taking office. He summoned Comey to the White House for a private dinner, during which he asked Comey for his loyalty.

    Comey, who at the time was leading the Russia investigation, later said he was baffled by the request, but said he did not oblige.

    Comey said Trump also asked him to "let go" of the bureau's investigation of his then-national security adviser Michael Flynn.

    During congressional testimony last year, Comey said he recorded memos of the private meetings with Trump out of concern for the nature of the encounters.

    Railing against law and order

    Though Trump ran his 2016 presidential campaign on a "law and order" platform, he has repeatedly castigated top law-enforcement officials since taking office.

    The interactions between McCabe and Trump, just like those previous encounters with Comey, are also part of a broader effort in which Trump has apparently sought to wrangle top law-enforcement officials who have proximity to the Russia investigation.

    During his first year as president, Trump publicly rankled Attorney General Jeff Sessions for recusing himself from the Russia probe. He taunted McCabe on social media, and scolded White House general counsel Don McGahn for not intervening in the investigation.

    More recently, Sessions has pressured the Trump-appointed FBI director Christopher Wray to remove McCabe. Political observers have speculated that Sessions was acting on Trump's wishes to shake up the FBI. Wray reportedly threatened to resign over that.

    Some of Trump's allies in Congress and in the media have joined in the president's calls for a counter investigation. Those demands grew louder after it was revealed that an agent who was ousted from special counsel Robert Mueller's investigation had exchanged more than 50,000 text messages with an FBI lawyer.

    Some of those messages expressed strong opposition to Trump.

    A new wrinkle for Robert Mueller

    The totality of Trump's public and private engagement with top officials at the FBI and Justice Department has prompted Mueller to look into whether Trump obstructed justice, a matter that could spell trouble for the president.

    According to a Washington Post report published on Tuesday, Trump's attorneys are negotiating terms for a possible interview between the president and Mueller, during which the special counsel is expected to seek information about the events that led up to Comey's firing and Michael Flynn's resignation.

    Trump has not been formally accused of a crime and he has insisted he committed no wrongdoing.

    But his sustained public airing of grievances against the Russia probe and his reported encounters with McCabe, Comey, Sessions, and others have called into question his broader motives surrounding the Russia probe, which he has previously described as a "witch hunt," and a "cloud" over his presidency.

    SEE ALSO: FBI director reportedly threatened to resign after being pressured to fire his deputy

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    NOW WATCH: A Georgetown professor explains how Martin Luther King Jr. 'has been severely whitewashed'


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    henry blodget ignition 2017

    The media landscape is almost shifting more quickly than consumers can keep up.

    But certain trends have emerged that will carry the media industry into the future.

    For the past eight years, IGNITION, Business Insider’s flagship conference, has collected the best minds in media and technology to share what they see as the future. Through unscripted interviews, cutting-edge demos, and insights from industry pioneers, attendees learn what key trends to be aware of and what they need to do to stay ahead.

    Henry Blodget opened the latest sold-out IGNITION conference with a presentation entitled 14 Things You’ll Want to Know About The Future of Media. And he should know...Blodget is co-founder, CEO, and editor-in-chief of Business Insider, one of the most-read business and tech news sites in the world with more than 80 million visitors a month worldwide.

    The presentation was put together with the help of the team at BI Intelligence, Business Insider's premium research service.

    Here are some of the key takeaways:

    • We're nearing "peak media" in the U.S.
    • This phenomenon will spread to the rest of the world as four billion more people come online
    • Digital ad spending is still growing
    • Video is not the be-all, end-all of media
    • And much more

    To get your copy of this FREE slide deck, simply click here.

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    35 big tech predictions for 2018Technology is increasingly disrupting every part of our daily lives.

    Smart speakers and voice assistants let us interact with our homes and with retailers in new and seamless ways.

    Smartphones are taking over as the dominant shopping device.

    Viewers continue to move away from traditional TV toward digital platforms.

    And the list is growing.

    Nearly every industry has been disrupted by digital technologies over the past 10 years. And in 2018, we expect to see more transformative developments affect our businesses, careers, and lives.

    BI Intelligence, Business Insider's premium research service, has put together a list of 35 Big Tech Predictions for 2018 across Apps and Platforms, Digital Media, Payments, Internet of Things, E-Commerce, Fintech, and Transportation & Logistics. Some of these major predictions include:

    • Cryptocurrencies will become more widely accepted
    • Google and Apple will challenge Amazon in the smart speaker space
    • The resurgence of the VR market
    • The real self-driving car race will begin
    • Drone regulations will relax
    • Alibaba’s international expansion
    • Gen Z will become a major focal point for media companies and advertisers
    • Payment security will become paramount
    • Smart home devices will take off

    This comprehensive list of 35 predictions can be yours for free today. As an added bonus, you will gain immediate access to our exclusive free newsletter, BI Intelligence Daily.

    To get your copy of this FREE report, simply click here.

    Join the conversation about this story »


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    intercontinental

    • Americans are among the dozens of people killed in last weekend's deadly attack at the Intercontinental Hotel in Kabul.
    • At least 30 people died, according to Reuters, but the final death toll was not immediately known.
    • Multiple reports from survivors of the attack claim the shooters specifically targeted foreigners at the hotel.


    Americans are among the dozens of people killed in a shooting attack that occurred over the weekend at the Intercontinental Hotel in the Afghan capital.

    "The attack on the hotel, once again, shows the depravity of terrorists who seek to sow chaos. Sadly, we can confirm that Americans are among the victims," State Department spokesperson Heather Nauert said.

    "We express our deepest condolences to our American families and to all the victims of the attack."

    Officials did not immediately offer additional details on the names or number of people killed in the attack.

    The shooters were connected to the Taliban-allied Haqqani network, the Afghan Interior Ministry said. The Taliban has claimed responsibility for the attack.

    The attack began on Saturday night when gunmen in army uniforms stormed the Intercontinental Hotel in Kabul, according to Reuters.

    Attackers armed with rocket-propelled grenades and smaller weapons took several hotel guests hostage, according to the BBC.

    A 12-hour standoff with Afghan special forces ensued, ending with the deaths of at least 30 people, Reuters reported. A final death toll was not immediately known.

    At least 14 of those killed were foreign nationals, according to Afghan Interior Ministry Spokesman Najib Danish. Six gunmen were also killed in the attack, he added.

    The private Afghan airline KamAir said some of its employees had been killed and some were still missing.

    Kabul police told the BBC on Monday that nine Ukrainians, one German, one Greek and one Kazakh citizen had been confirmed dead.

    The Intercontinental is a popular hotel for Western visitors.

    Multiple reports from survivors of the attack claim the shooters specifically targeted foreigners at the hotel.

    One of the gunmen reportedly asked “Where are the foreigners?” before he began shooting, according to reports.

    The Taliban previously attacked the same Intercontinental Hotel in 2011. Three suicide bombers detonated inside the hotel, killing seven.

    Join the conversation about this story »

    NOW WATCH: Here's how easy it is for the US president to launch a nuclear weapon


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    jeff sessions andrew mccabe

    • President Donald Trump in 2017 reportedly had a meeting with then-acting FBI director Andrew McCabe and asked who he voted for in the 2016 US presidential election.
    • McCabe reportedly found the question "disturbing," according to one former official.
    • Trump reportedly had a second meeting with McCabe to interview him for the FBI director role, but had no interest in hiring him.


    President Donald Trump reportedly had a meeting in the Oval Office with then-acting FBI director Andrew McCabe and posed a question McCabe found "disturbing," according to one former official cited in a Washington Post report on Tuesday.

    Trump reportedly asked McCabe who he voted for in the 2016 US presidential election, according to current and former officials in the report.

    The meeting, held after former FBI director James Comey's firing in May, initially appeared to be an introductory meet-and-greet, until Trump began making pointed remarks about McCabe's wife's political aspirations. Dr. Jill McCabe, who ran as a Democrat for a Senate seat in Virginia, and her campaign received $675,000 in donations from the Virginia Democratic Party and a super PAC operated by Virginia Gov. Terry McAuliffe, who was a supporter of Hillary Clinton, Trump's 2016 rival.

    Although Trump had reservations about McCabe temporarily running the FBI in Comey's absence, he reportedly agreed to it because "there were no immediate better choices," a White House official said to The Post.

    Trump eventually had another meeting in the Oval Office where he interviewed McCabe for the director position. The second meeting was reportedly brief, and Trump is believed to have had no intention of selecting McCabe for the position.

    Trump has since railed against McCabe and his wife on Twitter, calling McCabe a "Comey friend" and accusing him of political bias.

    Trump would eventually nominate Christopher Wray as the new FBI director. Wray was confirmed by the Senate in August. More recently, he has reportedly threatened to resign after being pressured by Attorney General Jeff Sessions to fire McCabe, according three sources cited in an Axios report Monday.

    The report follows  other news of Sessions' pressure on Wray and former FBI general counsel James Baker, ostensibly to make way for a "fresh start" at the FBI.

    SEE ALSO: Trump reportedly used similar tactics to get inside the head of another FBI official after he fired James Comey

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    NOW WATCH: A reporter who met with the former spy behind the Trump-Russia dossier explains why it’s not 'fake news'


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    bii chatbot ecosystem

    This is a preview of a research report from BI Intelligence, Business Insider's premium research service. To learn more about BI Intelligence, click here.

    Advancements in artificial intelligence, coupled with the proliferation of messaging apps, are fueling the development of chatbots — software programs that use messaging as the interface through which to carry out any number of tasks, from scheduling a meeting, to reporting weather, to helping users buy a pair of shoes. 

    Foreseeing immense potential, businesses are starting to invest heavily in the burgeoning bot economy. A number of brands and publishers have already deployed bots on messaging and collaboration channels, including HP, 1-800-Flowers, and CNN. While the bot revolution is still in the early phase, many believe 2016 will be the year these conversational interactions take off.

    In a new report from BI Intelligence, we explore the growing and disruptive bot landscape by investigating what bots are, how businesses are leveraging them, and where they will have the biggest impact. We outline the burgeoning bot ecosystem by segment, look at companies that offer bot-enabling technology, distribution channels, and some of the key third-party bots already on offer. 

    The report also forecasts the potential annual savings that businesses could realize if chatbots replace some of their customer service and sales reps. Finally, we compare the potential of chatbot monetization on a platform like Facebook Messenger against the iOS App Store and Google Play store.

    Here are some of the key takeaways:

    • AI has reached a stage in which chatbots can have increasingly engaging and human conversations, allowing businesses to leverage the inexpensive and wide-reaching technology to engage with more consumers.
    • Chatbots are particularly well suited for mobile — perhaps more so than apps. Messaging is at the heart of the mobile experience, as the rapid adoption of chat apps demonstrates.
    • The chatbot ecosystem is already robust, encompassing many different third-party chat bots, native bots, distribution channels, and enabling technology companies. 
    • Chatbots could be lucrative for messaging apps and the developers who build bots for these platforms, similar to how app stores have developed into moneymaking ecosystems.  

    In full, the report:

    • Breaks down the pros and cons of chatbots.
    • Explains the different ways businesses can access, utilize, and distribute content via chatbots.
    • Forecasts the potential impact chatbots could have for businesses.
    • Looks at the potential barriers that could limit the growth, adoption, and use of chatbots.
    • And much more.

    Interested in getting the full report? Here are several ways to access it:

    1. 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
    2. Purchase & download the full report from our research store. >> Purchase & Download Now

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    joe biden

    • Former Vice President Joe Biden said that Senate Majority Leader Mitch McConnell refused to sign a bipartisan statement specifically calling out Russia's meddling in the 2016 US presidential election.
    • Biden said he and Obama believed that putting out a statement without bipartisan support would be perceived badly by the public.
    • A representative for McConnell disputed Biden's claim, pointing to a separate statement Congressional leaders signed that warned of potential hacking, but did not mention Russia's targeted activities specifically.


    Former Vice President Joe Biden said that Senate Majority Leader Mitch McConnell refused to join them in publicly condemning Russia's meddling in the 2016 US presidential election.

    Biden said he believed that McConnell's refusal to sign a bipartisan statement acknowledging Russian interference appeared to be "all about the political play," according to Politico.

    Speaking at a Council on Foreign Relations event on Tuesday, Biden said he and President Barack Obama believed at the time that without bipartisan support, putting out a statement that questioned the integrity of the election would be perceived badly by the public.

    "Can you imagine if the president called a press conference in October, with this fella, Bannon, and company, and said, 'Tell you what: Russians are trying to interfere in our elections and we have to do something about it,'" Biden said.

    He continued: "What do you think would have happened? Would things have gotten better, or would it further look like we were trying to delegitimize the electoral process, because of our opponent?"

    Biden also said that had he known about the intelligence report that concluded Russia had carried out a cyber campaign to sabotage the election, he "may have done something more."

    The January 2017 declassified intelligence report provided insight into Russia's "significant resources in both foreign and domestic propaganda" aimed at influencing the electoral process by developing "a clear preference for President-elect Trump."

    Representatives for McConnell reportedly disputed Biden's claims that he refused to join them in publicly condemning Russia, pointing to a letter signed by congressional leaders around two months before the election that warned the National Association of State Election Directors of cybersecurity concerns.

    The letter, which McConnell's office touted as "publicly available on the Internet for all to see," did not appear to address the threats Russia specifically posed, according to Politico.

    SEE ALSO: Here are some of the questionable tweets that Twitter says were linked to the Russian government during the 2016 US election

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    NOW WATCH: Here's how easy it is for the US president to launch a nuclear weapon


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    manus island

    • Dozens of refugees detained by Australia are headed to the US as part of a resettlement deal with the US.
    • President Donald Trump has been critical of the deal in the past.
    • The refugee resettlements come as the full picture of immigration reform in the US remains in flux.


    Dozens of refugees detained by Australia and held in the Manus Island detention center have been sent for resettlement in the US.

    A group of around 40 refugees, predominantly single men, have left for New York, news outlet The Australian reported.Eighteen additional refugees are expected to fly to the US next month, according to aid groups.

    More than 1,500 asylum-seekers still remain on the islands, according to The Australian.

    Fifty-four refugees were resettled in the US last September after the US agreed to resettle up to 1,250 refugees from Australian-run camps. In exchange, Australia agreed to accept a small number of Central American refugees.

    The deal was originally agreed upon between the Obama and Turnbull administrations. President Donald Trump has been critical of the resettlement plan.

    In a tweet last year, Trump said Obama had agreed to take in "thousands of illegal immigrants" and called it a "dumb deal."

    Trump expressed his displeasure with the deal in a phone conversation with Turnbull last year, according to phone transcripts obtained by The Washington Post. Trump said the US-Australia resettlement deal makes the US "look awfully bad."

    Australia officially shut down operations at Manus Island last October. Police stormed the center and forced asylum seekers and refugees to move elsewhere on the island in Papa New Guinea.

    New Zealand has previously offered to take 150 refugees from Manus Island. Australian Prime Minister Malcolm Turnbull said he would consider the offer after the US completed its refugee transfers.

    Unresolved immigration reform in the US

    The refugee resettlements come as the full picture of immigration reform in the US remains in flux.

    Trump has sought to implement a travel ban on some predominantly Muslim countries, an effort that has faced multiple court challenges.

    The White House has also significantly upped its deployment of Immigration and Customs Enforcement officers under Trump's promise to crackdown on illegal immigration.

    Additionally, the fate of some 700,000 people protected under the Deferred Action for Early Childhood Arrivals (DACA) program remains unresolved.

    Trump said in September that he planned to put an end to the DACA program, which gives temporary protection to some individuals brought to the US illegally as minors.

    This month, a US judge temporarily halted the Trump administration's moves to shut down the program.

    SEE ALSO: Police reportedly used metal rods to force asylum seekers out of a former Australian detention center

    Join the conversation about this story »

    NOW WATCH: North Korea's leader Kim Jong-Un is 34 —here's how he became one of the world’s scariest dictators


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    woman phone happy work computer laptop

    Every January, Glassdoor publishes its list of the best jobs in America. For the third year in a row, the top spot goes to data scientist. 

    According to the report, the best jobs in 2018 are highly-skilled; can be found in almost every industry; have high earning potential, hiring demand, and job satisfaction; and are staying ahead of the growing trend toward workplace automation.

    "The key skills that are helping workers stay ahead of automation are creativity, judgment, and flexibility," Dr. Andrew Chamberlain, Glassdoor's chief economist, said. "Those are aspects of work that are extremely difficult to automate, and having them allows workers to team up with technology to become more productive — rather than simply being replaced by it."

    "Many of the jobs on this list require proficiency in these 'soft' skills," he said.

    Glassdoor's 50 Best Jobs in America report identifies careers with the highest overall "job score," which is determined by weighing three factors equally: earning potential (median annual base salary), job satisfaction rating, and number of job openings. 

    For a job title to be considered, it had to receive at least 100 salary reports and 100 job satisfaction ratings shared by US-based employees over the past year. The number of job openings per job title represents active job listings on Glassdoor as of January 1, 2018. 

    Below are the 50 best jobs in America right now.

    SEE ALSO: The 50 best places to work in 2018, according to employees

    DON'T MISS: 22 signs it's time to quit your job

    50. HR generalist

    Overall job score (out of 5.0): 4.1

    Job satisfaction rating (out of 5.0): 3.9

    Number of job openings: 2,705

    Median base salary: $57,120



    49. Nurse practitioner

    Overall job score (out of 5.0): 4.1

    Job satisfaction rating (out of 5.0): 3.5

    Number of job openings: 8,510

    Median base salary: $100,000



    48. Project manager

    Overall job score (out of 5.0): 4.1

    Job satisfaction rating (out of 5.0): 3.5

    Number of job openings: 23,274

    Median base salary: $80,000



    See the rest of the story at Business Insider