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The latest news from Business Insider
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    gigi hadid

    • Gigi Hadid wore a bold head-to-toe denim look at a recent event in New York City.
    • On Thursday, the model attended Vogue's Forces of Fashion conference wearing a $1,095 double-breasted denim blazer by Matthew Adams Dolan.
    • Hadid paired the jacket, which features wide cropped sleeves and textured front pockets, with denim bike shorts.
    • Hadid is a big fan of the bike shorts trend, which has taken over Hollywood and runways alike over the past year.
    • The model was spotted courtside at the quarterfinals of the US Open in early September wearing an oversized button-down and white bike shorts.

    Gigi Hadid pulled off a bold head-to-toe denim look at a recent event in New York City.

    On Thursday, the model attended Vogue's Forces of Fashion conference wearing a $1,095 double-breasted denim blazer by Matthew Adams Dolan.

    Hadid paired the jacket, which features wide cropped sleeves and textured front pockets, with denim bike shorts. She accessorized with metallic silver Christian Louboutin heels and a matching Prada mini purse.

    gigi hadid jean jacket denim bike shorts

    Hadid is a big fan of the bike shorts trend, which has taken over Hollywood and runways alike over the past year.

    The model, who is frequently photographed in the form-fitting item, was spotted courtside at the quarterfinals of the US Open in early September wearing an oversized button-down and white bike shorts.

    gigi hadid us open 2018

    Visit INSIDER's homepage for more.

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    NOW WATCH: How jeans took over the world


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    Crazy Rich asians couple Warner Bros.

    • Dating someone who makes less money than you can put a strain on your relationship, but it doesn't have to.
    • To avoid issues, try to be honest with yourself about what you're looking for in the relationship.
    • You also need to communicate your financial needs and wants to your partner before things get serious.

     

    Money shouldn't matter when it comes to relationships. But many have found that it does, sometimes even driving people apart before the natural expiration date for their relationship hits.

    But it doesn't have to be like this. INSIDER spoke with relationship and etiquette expert April Masini to see how to make a relationship with someone who makes less money than you thrive.

    The best way to handle this potential issue is to nip it in the bud before it actually becomes a problem

    Gay Couple Sitting in Bed

    To do this, you'll need to start by being really honest with yourself about what you expect people to bring to the table in a relationship. You don't need to tell someone your views on money on a first date, but you can navigate a relationship better if you acknowledge your own perspective on money.

    "The biggest relationship mistake people make is not being honest with themselves," Masini told INSIDER. "If you want to be with a partner who supports you, or you want to be the one who makes the money and calls the shots, be upfront with yourself."

    If things are getting serious, Masini advised that you discuss your respective incomes with your partner and how you see things changing (or not) over the next several years.

    "[Talk about] what you want for yourselves and your future family in terms of money, and if you want kids, how you see childcare and caregiving playing into this," Masini told INSIDER. "If you can find out before you commit to each other how you each feel about money and who makes what, you can hedge against income difference issues."

    Of course, it can be easy to have a money-related conversation and, for reasons of expediency and the comfort of both parties, avoid saying some uncomfortable things, like if you expect your partner to sign a prenup before getting engaged. 

    "If you're in a marriage and running up against these problems because it didn't occur to you to deal with them ahead of time or you didn't want to deal with them ahead of time, be brutally honest with yourselves and each other," Masini said.

    Through these discussions, you may find that your partner resents the long hours you put in at your job, or that you resent your partner for not contributing as much to the household.

    Compromise will be incredibly important when discussing finances with your partner

    couple talking

    This doesn't mean that you have to quit your lucrative job or that your partner has to give up their lifelong dream if it doesn't make any money. But it does mean that you'll both have to reach some sort of compromise.

    "Successful, long-term relationships require sacrifice. Be creative. Make deals," Masini said. "And put the relationship ahead of your dreams — or put your dreams ahead of the relationship. But make a conscious choice."

    If you find that the income disparity is starting to become a problem, have a conversation with your partner. The key to making it an effective conversation — rather than one that just devolves into an argument — is to be open to a wide range of solutions.

    Read more: Most couples avoid talking about money — here are 5 reasons to do it tonight

    "Start with your feelings about the situation, and keep it clear, and about you as much as possible. Then, talk about possible solutions. Brainstorm. Get your creative juices flowing together," Masini told INSIDER. "This isn't just good for the problem at hand — it's good for the relationship. It gives you the opportunity to feel that you can use this relationship dynamic for other problems that might crop up down the line, and it empowers you as a couple."

    Visit INSIDER's homepage for more.

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    NOW WATCH: What activated charcoal actually does to your body


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    kiosk ordering mcdonalds

    • While McDonald's has been aggressively upgrading its US stores, its franchisees are feeling the pain.
    • McDonald's franchisees gathered at an unusual meeting last week discussing their concerns of the burger giant's disappointing sales and what has caused its current dilemma.
    • RBC summarized five major changes that have set the course for McDonald's 2018 performance and beyond, and added that the burger chain will take actions to send the company back on track.
    • Watch McDonald's trade in real time here.

    McDonald's has been aggressively upgrading its US stores under its "Experience of the Future" initiative, which focuses on restaurant modernization and digital engagement. But its franchisees have been complaining that the cost of the remodeling is becoming a burden as sales aren't growing fast enough to support a sufficient return.

    As a result, McDonald's franchisees hosted an unusual meeting last weekat the office of a large franchisee in Tampa Bay, Florida, to discuss their concerns over the burger giant's disappointing sales and what has caused its current dilemma.

    The operators concluded that at least five major changes have set the course for McDonald's 2018 performance and beyond, according to RBC analyst David Palmer. He believes the burger chain will respond by adjusting improper parts of the major changes and send the company back on track to deliver improving sales growth next year. 

    "We believe this unusual franchisee-only meeting will prove to be a healthy event in the evolution of a built-to-last brand and franchised organization," Palmer said in a note sent out to clients on Monday.

    Here are the five major changes summarized by RBC:

    • Rapid pace of reimaging and Experience of the Future upgrades

    The company said during its quarterly earnings on July 26 that it forcasts a total of $1.5 billion of capital expenditures for US business in 2018, primarily focused on accelerating the pace of EOTF. McDonald's expects to complete EOTF at nearly 4,000 additional US restaurants in 2018, making half of the total US stores EOTF by the end of 2018.

    "McDonald's reimaging and Experience of the Future renovations have been highly disruptive to sales, although that drag has begun to diminish," Palmer said.

    By his calculation, the EOTF upgrades has dragged down McDonald's sales by more than 100 basis points in the first three quarters of 2018 and will continue to add pressure on its top line until 2020.

    MDC

    • A launch of the national $1, $2, $3 Menu

    The burger chain rolled out its nationwide lineup of low-cost foods, called the $1-$2-$3 Dollar Menu, at the start of this year, hoping to gain traffic in a competitive fast-food environment. 

    But the dollar meals have "failed to provide the sufficient traffic and sales lift to offset the other changes partially because it lacks compelling marketing or a hero item on the menu," Palmer said, adding that consumers still struggle to describe what is on that menu.

    • Core menu ingredient and preparation upgrades (e.g. fresh beef) 

    The company also launched in March its fresh beef quarter-pound burgers in US restaurants, cooking signature crafted recipe burgers right when ordered.

    "The fresh beef quarter pounders were less incremental to sales than hoped, partly due to throughput issues that arose," said Palmer.

    • A sharp reduction of regional marketing spending to subsidize national advertising and other initiatives

    McDonald's investments the $1-$2-$3 Dollar Menu, fresh beef burgers, and EOTF are at some expense of its regional marketing support, which removed some level of local "control," RBC says. 

    "The reduction in regional marketing supportwhich often centered on value and breakfasthas become a greater-than-expected drag in markets that needed greater-than-average support for these two areas," Palmer said.

    • A dramatic reduction in corporate staff with lowered number of meetings and communication with franchisees.

    The company reduced the number of regional offices from 22 to 10 in July while also reducing the number of franchisee committees and franchisee participants in committees, according to RBC.

    "These changes have removed some established and trusted corporate-franchisee relationships and left many experienced franchisees with less of a voice," said Palmer.

    To be brief, McDonald’s franchisees, who have been asked to buy touch-screen machines to upgrade store front and equip with refrigerators to store fresh beef, are also seeing the company grabbing more control through centralization of marketing decisions and reducing the number of franchisee committee meetings.

    With McDonald’s franchisees speaking out, the fast-food giant will take relative actions, such as shifting some marketing spending back to the regions, becoming more collaborative with its franchisees in the future, and making some modest adjustments to the required pace of reimaging and EOTF spending, according to Palmer.

    "We believe McDonald's will likely adjust value messages on a regional basis in early 2019," he said. "We still have a bullish view toward 2020."

    Palmer has a "buy" rating and $175 price target for McDonald's.

    Shares were down 5% this year.

    Now read:

    MCD

     

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    NOW WATCH: 'Game of Thrones' star Maisie Williams has left Arya Stark behind to help fight nepotism in the arts industries


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    elf sugar cookies

    • In honor of the 15th anniversary of the movie "Elf," Pillsbury has released a line of "Elf"-inspired sugar cookies.
    • The cookies feature Buddy the Elf’s signature green and yellow hat from the holiday film.
    • The cookies can be found at Target, Walmart and Kroger, Meijer, Albertson, Safeway, Ahold, and Delhaize. 

    As it nears the holiday season, Pillsbury’s latest holiday treats have begun hitting the shelves.

    Pillsbury has added ready-to-bake, Buddy the Elf sugar cookie dough to their line-up of holiday treats. According to a representative from Pillsbury, the cookies are to celebrate the 15th anniversary of the release of "Elf" the movie.

    Each package comes with 24 individual sugar cookies, crafted from Pillsbury’s traditional ready-to-bake dough, Pillsbury told INSIDER. The cookies feature Buddy’s signature hat in the iconic green and yellow colors from the film.

    Instagram user JunkFoodAdventures first discovered the cookies on the shelves of Walmart earlier this week.

    Although these seasonal treats have yet to appear on Pillsbury’s website alongside their other festive favorites such as reindeer, snowman, and Christmas tree cookies, the "Elf" themed cookies have already been spotted in stores and on Target’s website.  

    buddy the elfFans seem to think a tweet from Pillsbury from last holiday season indicates a customer request may have, in part, led to the creation of the "Elf"-themed sugar cookies.

    The cookies can be found at Target, Walmart and Kroger, Meijer, Albertson, Safeway, Ahold, and Delhaize. 

    Visit INSIDER's homepage for more.

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    NOW WATCH: What marijuana looks like under the microscope


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    kelsey quayle

    • On October 8, Kelsey Quayle, an aspiring model based out of Georgia, was involved in a "serious motor vehicle accident" police said.
    • When doctors were treating Quayle's injuries, they found she had been shot in the neck.
    • Authorities have released surveillance footage from a gas station where Quayle was seen before the crash.
    • Her family also wants answers.
    • Quayle died on Wednesday when she was taken off life support.

    On October 8, Kelsey Quayle, an aspiring model based out of Georgia, was involved in a "serious motor vehicle accident," the Clayton County Police Department said in a Facebook post.

    The 28-year-old was on her way to work when her vehicle veered into oncoming traffic, crashing into three other cars, CBS reports.

    Quayle was transported Grady Memorial Hospital in Atlanta, Georgia, where it was discovered that this was not just a car accident.

    Medical personnel treating Quayle's injuries found a gunshot wound in her neck. Quayle died on Wednesday, October 10, when she was taken off life support, per CBS.

    Now, authorities are attempting to determine what happened on October 8.

    On Friday, the Clayton County Police Department released surveillance footage taken from a gas station where Quayle's vehicle was seen shortly before the crash.

    Authorities are hoping that someone who was near the crash can provide further answers or context about Quayle's death.

    In the Facebook post, authorities said they "would especially like to speak with the driver of the white SUV and the driver of the gray sedan that is seen passing Kelsey's vehicle as it is traveling in the lanes of oncoming traffic."

    Police believe Quayle was shot just before the crash, NBC reports.

    Quayle had recently moved to Atalanta to pursue modeling, her family said.

    "She didn't have any enemies, she never mentioned anything about any stalkers or never had a person that was bugging her," Quayle's sister Kayleigh Martin told NBC. "You know ... she just moved there so she didn't know anybody. It's just a mystery for all of us."

    A GoFundMe has been set up to cover Quayle's funeral expenses.

    Visit INSIDER's homepage for more.

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    NOW WATCH: Scientists have discovered why American honey bees are turning into zombies


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    Michael Dell

    • Carl Icahn says Dell's offer to buy VMware tracking stock is massively undervalued.
    • In a letter published Monday, the billionaire activist investor urged announced in increased stake and in the tracking stock and urged other shareholders to say no to the proposed Dell takeover 
    • The deal could see Dell return to public markets after going private in 2013. 
    • Follow VMware's stock price in real-time here. 

    Two months after disclosing a $535 million investment in both Dell and it's recently acquired tracking stock, VMware, Carl Icahn announced Monday he has upped his stake in the tracking stock to more than 8% — or over $2 billion. 

    The billionaire activist investor, now VMware's second-largest shareholder, published a scathing letter bashing the proposed $21.7 billion buyout by Dell that could make the computer giant publicly traded once again.

    "While we have unearthed many undervalued opportunities in the past, very few companies compare to the current opportunity and the massive undervaluation of DVMT — which exists in plain sight for all to see," Icahn said in the letter published online Monday.

    The true value of VMware should be $144, according to Icahn, who maintains the deal in its current form values the company at closer to $94. By his calculations, VMware could generate $12 per share in free cash flow over "a few years," resulting in a value of more than $250 a share. VMware holders shouldn't agree to the deal "unless it contains a very, very substantial increase," Icahn said. 

    As a tracking stock, VMware's financial information is reported separately from Dell’s private books, but offer holders no equity stake in the subsidiary business unit. Dell plans to buy VMware’s outstanding shares for about $109 per share in cash for DVMT, while valuing Dell's new shares at around $80, according to Bloomberg. VMware holders will receive 1.3665 shares of the new stock for every one they own. 

    Icahn isn't the only one concerned about the deal. 

    In February, Morgan Stanley analysts Keith Weiss and Sanjit Singh called  it the "worst case scenario" for VMware shareholders. They see VMware being worth $143, roughly in-line with Icahn's measurements. 

    "Clearly Michael Dell and Silver Lake take us for fools if they think that we would exchange this future value potential for only $94 per share," Icahn said. "I intend to do everything in my power to STOP this proposed DVMT merger."

    Now read:

    Dell VmWare

    SEE ALSO: Dell announces it will buy out VMWare tracking stock

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    NOW WATCH: Never eat the 'clean' part of moldy bread


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    Alli Webb Drybar

    • Alli Webb cofounded Drybar with her brother and husband in 2008. Ten years later, Drybar is a multi-million dollar business with more than 100 locations nationwide. 
    • Webb said a successful business starts with an extreme passion and good leaders who are open to honest feedback. 
    • Entrepreneurs also have to be practical — if your business doesn't take off, she said, "this is just a bump in the road."

    It takes courage to start a business from the ground up, but often the most important ingredient is passion.

    For Alli Webb, it was a passion for beauty and hairstyling that led her to founding Drybar with her brother and husband, she said on an episode of Business Insider's podcast "This Is Success." 

    Drybar is a brick-and-mortar hair salon for blow-outs, without the fuss of cut or color. Since opening its doors in 2008, Drybar has become a multi-million dollar business with more than 100 locations across North America.  

    Webb said creating Drybar was a passion project to fill a gap in the haircare industry.

    "Blowouts have been around forever. But to discover this opportunity and this huge hole in the market, I think that was very exciting to discover something new and exciting," Webb said.

    She said that to have a successful business, you need to start with something that is an "extreme passion." 

    "If you're building a business, it takes so much time, effort, money, blood, sweat, and tears, all of it," Webb said. "You can't even understand that until you're in the trenches of it. So, if you're not so over-the-top passionate about it, it will never work."

    Beyond passion, Webb said it's important to be receptive and open to feedback — and to surround yourself with people who are willing to be honest.

    "The last thing, I feel like probably every founder, and leader, feels this way, you don't ever want people around you who are just telling you what they think you want to hear," she said. 

    For example, Webb appreciates when clients directly email her about their Drybar experience.

    "It makes my team a little crazy when clients directly email me something that happened. Because they're like, 'Why are they emailing the founder of the company?' I'm like, 'Why wouldn't they email the founder of the company?' I want to know everything. I want to know the truth," Webb said.

    She continued: "You've got to hear the bad stuff to be great."

    Still, Webb said she realized, like any business, there was a chance hers wouldn't be successful. And that's something every entrepreneur should keep in mind, she said.

    Webb continued: "Even if, God forbid, it doesn't work, you can go get a job if you have to. You're a really smart, capable person. You're not going to die; this is not the end of the road; this is just a bump in the road. You get up, you figure it out, and maybe this isn't the right thing."

    Listen to the full episode and subscribe to "This Is Success" on Apple Podcasts or Art19.

    SEE ALSO: Drybar founder Alli Webb explains how she took a project she started as a stay-at-home mom and turned it into a multimillion-dollar business with more than 100 locations

    DON'T MISS: The founder of a multimillion-dollar company with more than 100 locations got her business idea from asking all of her early clients the same question

    Join the conversation about this story »

    NOW WATCH: This hair salon is dominating the market with its incredible Instagram game


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    bryan singer

    • Director Bryan Singer responded to an upcoming Esquire article he claims will "rehash false accusations and bogus lawsuits" and be timed to the release of his film "Bohemian Rhapsody."
    • "In today's climate where people's careers are being harmed by mere accusations, what Esquire is attempting to do is a reckless disregard of the truth," Singer wrote in an Instagram post on Monday.
    • Singer was fired from "Bohemian Rhapsody" late into production for being repeatedly absent from set, but will still receive the only directing credit on the movie.

     

    Director Bryan Singer on Monday issued a statement on Instagram ahead of an upcoming Esquire article, claiming the report will "rehash false accusations" and be timed to the release of the Freddie Mercury biopic, "Bohemian Rhapsody."

    Esquire did not respond to a request for comment from Business Insider. 

    Singer wrote that he had known for "some time" that Esquire might publish a "negative" article about him, and that the publication had contacted his friends and colleagues.

    "In today's climate where people's careers are being harmed by mere accusations, what Esquire is attempting to do is a reckless disregard of the truth, making assumptions that are fictional and irresponsible," Singer wrote. "This article will attempt to rehash false accusations and bogus lawsuits."

    Singer is facing a lawsuit that claims he sexually assaulted a 17-year-old at a yacht party in 2003.

    Singer added: "Incidentally, this article has been conveniently timed with the release of my film, 'Bohemian Rhapsody.' I am immensely proud of this film and everyone involved."

    Singer directed the bulk of the film, which comes to theaters November 2, but was replaced late in production by Dexter Fletcher because Singer was repeatedly absent from the set. Singer will still receive the only directing credit, as Directors Guild of America rules require a film have only one director or directing team.

    Amid Singer's ouster from "Bohemian Rhapsody" and the allegations against him, he just landed his next high-profile gig: directing "Red Sonja."

    Singer's full statement is below:

    A post shared by Bryan Singer (@bryanjaysinger) on

     

    SEE ALSO: Steve Carell and Timothée Chalamet scored Amazon its best opening weekend ever with 'Beautiful Boy'

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    Kenyan hockey Crosby

    • As the first and only ice hockey team in their country, the Kenya Ice Lions have no other teams to play.
    • Tim Horton's gifted the team with a dream trip to Canada for their first game ever. 
    • Pittsburgh Penguins captain Sidney Crosby and Colorado Avalanche center Nathan MacKinnon surprised the Ice Lions in the locker room and suited up with them for the game.


    As their country's first and only ice hockey team, the Kenya Ice Lions aspired to qualify for the 2018 Winter Olympics. But without any competition or a single game under their belts, the Ice Lions' dreams never became a reality.

    Tim Horton's sent the team to Canada to compete in its first-ever game, and National Hockey League superstars Sidney Crosby and Nathan MacKinnon surprised the players by suiting up for their team. The Kenyans were mesmerized.

    Check out their reactions below:


    "It is a dream to not only have the chance to play in 
    Canada but to play for the first time in full gear alongside two of the greatest players of the game..." Kenya Ice Lions captain Benard Azegere said in a Tim Horton's press release. "Seeing my favorite player coming through the door wearing our jersey, I felt like I was in heaven."

    For their part, Crosby and MacKinnon had a blast playing beside the Kenyans.

    "The team's genuine passion and excitement for hockey is contagious," MacKinnon said. "I didn't really know what to expect, but I thought those guys looked great... They were amazing teammates, and it was great to play with them."

    "I was honored to be able to join the Ice Lions as they played their first game against another team," Crosby said. "I think I had just as much fun as any of those guys did today. One of the things I love about hockey is how it's able to reach so many people from so many countries around the world and bring them together. "

    According to CNN's Aimee Lewis, the Ice Lions are looking ahead to the 2022 Winter Olympics in Beijing. Considering the team only recently secured sufficient equipment and regular access to the only rink in East Africa, qualifying to play on the world's greatest stage in just four year's time would be quite an impressive feat. Azegere said that the team's recent trip to Canada would help bring them one step closer to reaching their goal.

    "When we first started playing in Kenya, we didn't even have full equipment, but now not only do we have that, we can say we've played a real game with some All-Star teammates," Azegere said. "Four years is enough time for us."

    Join the conversation about this story »

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    mud-spraying drone

    A French architect is using a drone to create 6-foot-tall mud-covered domes for emergencies and refugee housing.

    The domes are made by attaching bags of hay to a wooden frame and spraying a mixture of clay and fibers onto the structure with a drone.

    Architect Stephanie Chaltiel most recently featured one of these domes at the London Design Festival in September. Chaltiel told Business Insider that her team has worked to make the domes sturdier, creating a smaller door and strengthening junctions in the wooden frame. The London dome withstood three days of heavy rain without a problem, she said.

    Take a look at how the "Mud Shell" is made.

    First, wooden struts are arranged in a dome shape to create the frame.



    Hay bags filled with sand are then placed on the frame to cover the exterior.



    Spraying the dome with mud makes the structure sturdy and weatherproof, Chaltiel said.



    See the rest of the story at Business Insider

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    Crawfish boil eating

    The South is a special place with its own quirks and traditions, but it's especially well-known for having a way with words. 

    For instance, down south, "madder than a wet hen" means being angry, over there is a poetic "over yonder," and "bless your heart" can be both an insult and a way to show empathy.

    Keep scrolling to see 23 Southern words and expressions you probably won't hear anywhere else.

    Southerners address a group with, "y'all."

    "Y'all" is typical Southern slang, but it's also a proper contraction (you all = y'all). Southerners say this word all the time.



    "It doesn’t amount to a hill of beans" means that something isn't worth much.

    Apparently, this expression entered the mainstream at the end of the film "Casablanca," when Humphrey Bogart says to Ingrid Bergman, "Ilsa, I’m no good at being noble, but it doesn’t take much to see that the problems of three little people don’t amount to a hill of beans in this crazy world."



    "Bless your heart" shows sympathy... for the most part.

    "Bless your heart" has many different meanings in the South. Sometimes it's used as a passive aggressive insult (a nice way for a polite Southerner to tell you that you're wrong), and sometimes it's used as an exclamation. The importance is the tone used



    See the rest of the story at Business Insider

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    beeswax

    • Pointless meetings are killers for productivity and can annoy employees in an office.
    • The executives of the startup Beeswax, all former Google execs, say they've learned how to keep meetings streamlined and efficient.
    • Experts agree that keeping meetings short and small are critical to keeping them on track.

    A pointless, never-ending meeting is a great way to kill productivity in the workplace.

    The three founders of the ad-tech startup Beeswax seem to get that. The trio, all former Google ad executives, say their approach to meetings is a little different than how it was at their former company.

    "We're all thoughtful about not having a proliferation of meetings because one thing we all felt in our previous careers is that there can be lots of redundant meetings," Beeswax chief product officer Shamim Samadi told Business Insider.

    "So we try to have folks do the thinking and write things out prior to the meeting if they can, and then have a real focus, a discussion with a clear objective that we want to get to at the end of the meeting. We only hold meetings when we sort of have those things in place."

    For each of the executives, founding Beeswax in 2015 was their first time running a startup. The Manhattan-based company makes software that helps marketers bid for ads in real time, and in three years has grown to 55 employees.

    Managing a team that size has forced the executives to adapt quickly, chief technical officer Ram Rengaswamy told Business Insider.

    "We've done this long enough that there are certain things that we understand about the business well enough that we can make decisions faster," Rengaswamy said. "That's one thing that I've noticed in our meetings: They're very focused and drive towards an outcome. So that's something that I've seen myself improve on."

    Experts everywhere preach the same approach to meetings as Beeswax.

    The Harvard Business Review reported in 2015 that bigger meetings tended to be less effective than smaller ones. One expert told the Review that meetings needed to be limited to as few as four or five people to ensure everyone got a chance to speak in a 60-minute session.

    Amazon CEO Jeff Bezos had a similar approach: His "two pizza" rule says you should never hold a meeting where two pizzas couldn't feed the entire group.

    Another executive told The New York Times that setting a clear agenda for meetings was the critical element to avoid wasting employees' time.

    "If I don't have an agenda in front of me, I walk out,” Annette Catino, former CEO of the QualCare Alliance Network, told The Times. "Give me an agenda or else I'm not going to sit there, because if I don't know why we're in the meeting, and you don't know why we're there, then there's no reason for a meeting."

    SEE ALSO: 3 former Google execs explain why they left a company where just about everyone wants to work

    DON'T MISS: 3 Googlers-turned-startup-founders have been using the same old-school tool since their first day on their own

    Join the conversation about this story »

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    • Dr. Gary Shilling says there is nothing on the immediate horizon that would trigger a correction but he warns that Fed tightening has caused a recession 11 out of 12 times in the post World War period.
    • The Fed doesn't understand why low unemployment hasn't pushed up inflation, says Shilling. He says most of them are economists and are too theoretical. They don't understand that the Phillips curve has broken. 
    • Shilling says that when it comes to trade, the buyer has the upper hand when there's plenty of supply. And in the scenario of the global trade war, the US is the buyer.
    • Investors should be long the dollar, according to Shilling. He says, "Whenever there's trouble in the world, even if we start it, the dollar benefits because it's the safe haven."

    Dr. Gary Shilling, the president of A. Gary Shilling & Co., spoke to Business Insider editor-at-large Sara Silverstein about the the state of the market and the economy. Following is a transcript of the video.

    Sara Silverstein: I'm here with legendary economist, Gary Shilling, and President of A. Gary Shilling & Co. So what can you tell me about where US markets are right now, where equities are and do you think they're headed for a downturn?

    Gary Shilling: Well, you could say they're expensive but you could have said that last year and the year before and the year before and the year before. I mean, obviously you have runaway on the upside and you have stock market growing much faster than the economy and sooner or later, that won't last, but you know, forever is a long time, you don't know how long it's going to last.

    There's nothing on the immediate horizon that says that you've got a problem and what usually happens is bear markets are associated with recessions, and they're caused by two things. One is the Fed tightens, they never intend to precipitate a recession, but by my count, 11 out of 12 times in the post World War period they've gotten a recession, the only soft landing was in the mid '90s. Now the Fed is tightening, they're selling off their portfolio, raising the funds rate, but there's enough — there's so much excess liquidity in the system. I think it'd take a couple of years for them to do the job.

    The other cause of recessions in bear markets is a shock, a financial shock and that's what we had in the late '90s with the dot-com explosion, and then of course, the mid 2000s with the collapse in subprime mortgages. If you look around right now, there's nothing that's really that big that sort of just stands out and says, "This is just cruising for a bruising." But I think if there is a candidate, it's probably what's happening in emerging markets. They have huge debts, dollar-denominated debts and with the dollar soaring, and that I think is a very key factor. It takes more and more of their local currency to service those debts. Also, most commodities are priced in dollars, so as the dollar goes up, it takes more of their local currency to buy their commodity imports. So if there is a crisis coming, I think it's in these countries, and of course, you see Argentina and Turkey as the standouts in terms of big problems.

    Silverstein: And what sort of indicators can investors look at to see if trouble is coming from one of these places?

    Shilling: Well, the big question right now in these developing countries is the risk of contagion. I mean, so far you've got Argentina has the usual problems, Venezuela is a basket case — I mean that economy is barely functioning, you wonder why they don't have some kind of revolution — and Turkey where the president is really — well, he really hyped the economy with a lot of spending financed by hard currency borrowing and now they're dealing with that problem. But if that — those things spread, if you go back to the late 1990s, you had the currency collapse in Thailand and then it spread to other East Asian countries and then to Latin America, Argentina, Brazil and all the way to Russia.

    It's the contagion which is the issue, and that's something that's really hard to predict. You just have to keep your eye on it, and if you wake up one day and find out that people are retreating.

    Now people are — they're not putting money into emerging markets. You look at mutual funds flows and they've virtually ceased. Last year, tremendous rush in there. People thought this was a great place to invest, developed world didn't look all that strong, I'll put it there. And they forgot that these economies really don't grow on their own, they're dependent on exports, they're dependent on borrowing, and they are obviously not sustainable. But as they say, if you start to see massive outflows of mutual funds and ETFs that are invested in emerging markets, I think that's probably as good as indicators as any that the end is near.

    Silverstein: And you said 11 out of 12 times Fed tightening leads to a recession?

    Shilling: Right.

    Silverstein: So how is the Fed doing so far and what can they do to be the one out of 12 times?

    Shilling: Well, the Fed is moving very slowly. They obviously are concerned about upsetting the applecart and they— so they are not only raising interest rates, but now for the first time ever, they're selling off a portfolio. They've never had that huge portfolio, the result of quantitative easing after bailing out Wall Street, so they've got both those issues and as they say in the past, they haven't had much success in soft landings, when it was just raising interest rates and they've had experience using interest rates as a policy instrument for literally a century. Now they're not too much luck with that and now they're adding selling off the portfolio, so I think you can pretty well say that in time, they'll do the job, but they're moving slowly, they're moving cautiously. And of course, one of the interesting things is you're not getting the rise in long-term interest rates that they probably would expect.

    There is a question of wages, they're not going up. I think there are a lot of good reasons for that, but it isn't the kind of world that the Fed is interested in. They havenow, Powell is a different animal. He's not an economist and I'm glad that — I'm a PhD economist, and I'm glad that there's somebody else other than an economist at the helm there, because they tend to be very theoretical. They believe for example in the Phillips curve. They can't understand why the low unemployment rate hasn't pushed up inflation.

    Well, there are a lot of reasons for that. You know, you're getting a shift in employment, the jobs are created in low paid areas, like hospitality and retail, and so on and so forth. You've got globalization, probably the most important development in the last three decades on a worldwide basis, which is holding down wages, decimated manufacturing jobs in this country, there a lot of reasons. But these Fed economistsyou know, the Fed, a lot of board members and economists there, they're scratching their"Wait a minute, it's coming, it's coming, it's coming." Well, you know it's coming but when?

    Silverstein: Is the Phillips curve model broken? Is it not — no longer relevant?

    Shilling: Yeah, it really is and I think one of the things they're just not concentrating on I'm playing my song here and I'm a bias.I mean, in 1981, when the yield on the long-term — on the long bond, the 30-year treasury was 12.6%, I said we're entering a bond rally of a lifetime and since then that yield has dropped to 3%, and as a result, long treasuries have outperformed the S&P on a total return basis by six times in the interim.

    So I'm very muchand the whole basis of that forecast was the idea that inflation was on the way out and I think that's the thing that the Fed just doesn't understand: that we're in a basically a deflationary world. You look at the excess supply that's opened up with globalization, you look at the downward pressure on wages, I mentioned a minute ago. There a lot of factors here. Look at what's happened with the Uberization of the would if you will, where people are working part-time. They're trading off income and benefits and so on for flexibility in their pay and you've got a lot of strong deflationary pressures and of course, protectionism simply adds to that and I just don't think the Fed is comprehending the strength of that.

    Silverstein: Do you think our inflation measures are incorrect, the current ones we're using?

    Shilling: Well, they're correct for what they measure. They're correct for what they measure and of course, there's always this attempt to show that inflation is higher than you think it is and everybody thinks it is. I mean, you or I pay more for any product, and we say, "It's the devil personified." If we pay less, "Oh, I'm a great shopper. I'm really a good bargainer." You know, people are very unrealistic about that, and of course, there's all kinds of alternative measures of inflation, including the Fed has one where they sort of chop off the extremes and look at the middle or some of them are concentrated on the most frequently purchased items, like bread and gasoline and so on and so forth.

    But you know, the numbers for what they measure are I think, are correct, but that doesn't mean that they are going to have the kind of relationships that the Fed thinks they should have with the employment.

    I mean, you know, one of the reasons the unemployment rate is low, is you had so many people drop out of the labor force. Well, a lot of those people, the postwar babies are retiring. Okay, they left, but now, and there were a lot of other people who left. The younger people stayed in school. They said, "I'll get more education, better chance at a job." And people in between, the postwar babies and these young people, they just said, "There are no jobs available."

    Well, what's happened now? The younger people are graduating from college, they're coming back in. People in the middle, they're coming off the bench. You look at numbers back in June, the unemployment rate went down. Why? Now because fewer jobs, there's more people entering the labor force, they heard jobs are available, they rushed in.

    And the interesting thing is on the top end, people over 65, their labor force participation rate, the number of people that are out there looking at jobs or employed, is increasing faster than that population. That population is growing very rapidly with the retiring postwar babies. So you have some really interesting dynamics in the labor force, which I think have a lot to do with the restraint on wages.

    Silverstein: So are wages going to go up?

    Shilling: Yeah, they're going up but they're not going up much faster than inflation right now. And I don't see any reason why that's going to change anytime soon. Now of course, that's a very important development, because I think that is what has really spawned populism in this country. Populism, a lot of other areas, of course have it, but I think that's what got Trump elected. Because in the US and indeed all of G7, the major developed countries, they've had literally no growth in inflation-adjusted wages, no growth in purchasing power for over a decade and so what happens? You know, people are mad as hell. They're just not going to take it anymore. You remember the movie"Network"?

    And I think that's what got Trump elected, and of course that's what he's playing to. Now he blames this on immigrants and imports. It's not that simple, in my view. Globalization has a lot to do with — it's the other factors I mentioned earlier, but it is a fact and I don't see that changing demonstrably. Unless we put a complete tariff wall around the country, I don't think it's going to happen.

    I mean, look at China. China is a big target. They're the bad guys and you know, they have cheated by international rules, at least as we interpret them, but what's happening? The low-end manufacturing is moving to Vietnam, Bangladesh, Pakistan — and of course, the 800-pound gorilla is India. Boy, India, the population's still increasing and those guys get their act together and I think they are — they're going to outdistance China.

    So the idea that this whole thing is going to change is just not relevant and of course in the meanwhile, you've had a huge change in technology. A lot of people who are not adapted at today's technology are left behind. And this has happened a lot faster than normal. That always happens. Some people ever since industrialization started in the late 1700s in England and New England, people's jobs have disappeared.

    Now an interesting example that the word saboteur — saboteur that comes from sabot. Sabot were wooden shoes that the early weavers would grind into the power looms to wreck the machinery, because they were putting them out of business and that's how the word saboteur came from sabot.

    So there's always been people that have been left out, but the thing is that industrialization as technology, if you will, has created more jobs than it's destroyed. People who build the machines, cheaper products, more consumers, more demand, maintenance, developing new technologies, but globalization has speeded up that process and you sort of got this big gap and it's really— I think from here on, we've exported just about all the manufacturing, this country that we can. We're down to irreducible minimums.

    You go back to the early '90s. About 20% of the labor force was in manufacturing. Now it's 12% but it's leveled off, so that process is probably over. But the problem is that a lot of people simply have not adapted to the new technology, and of course, a lot of the jobs being created require more than just brawn or some guy twisting on bolts in an auto plant.

    Silverstein: And what do you think about Trump's trade war? What's the outcome going to be?

    Gary Shilling: Here's the point that I continue to make. When you've got plenty of supply in the world, and I think you do — plenty of industrial capability, plenty of raw materials and so on — it's the buyer that has the upper hand not the seller. The buyer has the ultimate power and who's the buyer? US is the buyer, China is the seller. And besides that, if you say, if we weren't buying all those consumer goods from China, and you and I enjoy them, they're cheap, they're great. But if we weren't buying them, where would China sell them? They have no other place to sell them, and in the meanwhile, China's growth is slowing.

    They've got a problem of huge debt expansion they're trying to curb, they're trying to deal with a shadow lending — a shadow banking system and so on and so forth. China isn't going to collapse obviously, but I think in this trade war, that the US has the upper hand.

    If you look at how this whole thing developed, after World War II, the rest of the world was pretty much in ashes and we were promptly into the Cold War, so I think that implicitly or explicitly, we basically said, "We will let Japan and Europe export freely into the US," because that gave them the growth to revive in a postwar era and that was cheaper for us than garrisoning even more US troops around the world and having more border wars. Well, that was fine, but that era's over, and globalization has replaced it, so it's an entirely different scene, and I think as a result, you have this situation where China — China, you know, grew basically through exports and they went to Europe and North America.

    But you know, they did it with some rather underhanded — we'd let them into the World Trade Center in 2001 and they basically have not fulfilled their promises, they have not opened up their technology, they're not opening up to our investments, they steal our technology, they demand tech transfers for companies that want to operate in China and so on. And so you've got a situation now where China is basically playing by the old game, when everybody could export to the US, but now when you see the unemployment problem, no growth and purchasing power for the average guy — the non-supervisory and production employees — no growth in real incomes for a decade and that has changed the whole scene and I think that's really what has gotten Trump elected and he's basically saying, "Hey wait a minute. We've got the upper hand here and we're going to go ahead."

    I mean, people say nobody wins trade wars. Yeah, in the short-run you don't, but in the long-run, if it's a matter of changing what has been the world exporting to the US and the US buying it and what do we do? We give them paper. That's why they own half of our treasuries. I think that is being reversed and in the long-run, the US will be better off.Now, they could go to the mat. Xi, who is basically the president for life in China, and Trump, he won't be around forever of course, but they could go to the mat and you could get a really nasty, all-out trade war and a serious global recession. I'm not predicting that. I think they probably will settle and China will begrudgingly give ground. They'll import more US goods, they'll ease up on required tech transfers, steal less of it. They're not going to change their views entirely, but I think under pressure, they probably will give way and we'll end up winning the trade war.

    Silverstein: So if you could give me one piece of investment advice for people who are looking at the markets today, what would it be?

    Shilling: It would be to be long on the dollar. Now I know that's not going out and buying a stock — there are exchange-traded funds on the dollar — but I think the dollar is going to— it's really been declining since 1985.

    Beginning of this year, I think it's turned around and it is a safe haven. You have all the problems with the developing world, protectionism. And it's interesting. Whenever there's trouble in the world, even if we start it, the dollar benefits because it's the safe haven. It's where people want to be. So I think that being in the dollar, and you have to look at that broadly, because companies that suffer when the dollar is strong— I mean, exporters suffer and people in the supply chain can be affected, positively or negatively. But I would look at the dollar as the overarching theme and then look at the implications of that.

    Silverstein: And biggest mistake, you think, investors broadly are making?

    Shilling: Probably the biggest mistake investors have been making is betting that this economy was going to give out sooner than it has, it won't grow forever, but it has continued to grow and I think there's been probably too much pessimism. Of course, the problem is when pessimism turns to activism, then the end is near.

     

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    Marc Pritchard

    • The number of marketers with in-house agencies has accelerated over the past five years, a new study by the Association of National Advertisers has found.
    • A whopping 78% of ANA members reported having some form of an in-house agency in 2018.
    • In-house agencies are not only burgeoning but getting more specialized, with such entities handling everything from content marketing and video production to data analytics in-house.
    • Still, the need for agencies does not seem to be completely gone, with 90% of respondents still working with external agencies in some capacity or another.

    It's not a great time to be an ad agency.

    An increasing number of brands have been taking their ad-buying production capabilities in-house over the past few years, and the trend shows no signs of slowing down.

    In fact, the number of marketers with in-house agencies has only accelerated, growing substantially over the past five years, according to a new study by the Association of National Advertisers (ANA) conducted in August among 412 brands.

    A whopping 78% of ANA members reported having some form of an in-house agency in 2018, with nearly half of the respondents (44%) setting the agencies up in the past five years. In comparison, 58% and 44% of them had set up internal shops in 2013 and 2008 respectively.

    Screen Shot 2018 10 12 at 4.02.57 PM

    As brands seek greater cost-effectiveness, transparency and control over customer data, they have been setting up their own internal operations focusing on a variety of services, including strategy, creative and media planning, and buying for both traditional and digital media.

    Verizon, JPMorgan Chase, Chobani and Booking.com are among a suite of brands that have gone down this route.

    "Traditional agencies are becoming increasingly challenged as marketers move more work in-house while encouraging their external agencies to provide differentiated services and increased value," ANA CEO Bob Liodice said. "We expect the current trends to continue, with accelerated client movement to in-house agencies."

    In-house agencies are getting more sophisticated

    As more brands bring ad work in house, the work is getting far more specialized.

    There has been "a marked increase" in the amount of specialty services offered by in-house agencies in the past five years. For example:

    • 75% of respondents said that they handle content marketing in-house, compared to 34% in 2013.
    • Similarly, 59% of brands who responded said they handle data analytics internally, up from 42% in 2013.
    • 79% said they have in-house video production capabilities, with almost half (49%) establishing these production capabilities within the past five years.
    • 55% said that they handle at least some degree of media planning and/or buying in-house, while 30% of respondents said they had in-house programmatic capabilities.
    • Brands are also bringing several specialty services that have cropped up recently in-house, such as influencer marketing (39%), experiential marketing (38%), and commercial production (22%).

    Verizon set up an internal creative shop to make its brand narrative and experience more consistent.

    "Having a consistent voice, look, and feel is crucial to the customer experience across all of our touchpoints — mobile, digital, retail," Andrew McKechnie, Verizon's chief creative officer, said.

    While for gaming company, EA Sports, bringing media buying in-house was necessary to exert better control over its advertising.

    "We have more flexibility with how campaigns are set up, managed, and measured, and are better able to align them with the goals of our business," Belinda Smith, its director of global media activation, said. "We also have a better line of sight into whom in the supply chain we’re paying for what, and if those services are worth it to us."

    But external ad agencies may still have a need to fill

    To be sure, while it may be getting harder for ad agencies to sustain their businesses, there still seems to be a need for them. According to the survey, 90% of respondents continue to work with external agencies in some capacity or another.

    Screen Shot 2018 10 12 at 4.14.25 PM

    This is because it hasn't been all smooth sailing for brands' internal agencies. Some of their biggest challenges are related to managing growth, workload and resources efficiently, according to the report.

    A solid 90% of respondents said that the workload of their in-house agencies had increased in the past year, with 65% saying that it had increased "a lot."

    Beyond bandwidth, sometimes the in-house agencies may not have the necessary capabilities and skill sets internally either, leading to the work going to an external agency.

    And sometimes things don't always go as planned. Vodafone, for example, is having second thoughts about taking programmatic ad buying in-house, Digiday reported last week. The company had announced that it would buy most of its online ads itself three months ago, and while it has started to buy its own search and social media ads, it continues to rely on its agency for display ads.

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    Tim Cook

    • Apple's earnings could be impacted this year if the weak demand in China continues, according to Goldman Sachs.
    • "There are multiple signs of rapidly slowing consumer demand in China which we believe could easily affect Apple’s demand there this Fall," Goldman Sachs analyst Rod Hall wrote.
    • Watch Apple trade in real time here.

    Apple's earnings could be impacted this year if the weak demand in China continues, according to Goldman Sachs.

    "There are multiple signs of rapidly slowing consumer demand in China which we believe could easily affect Apple’s demand there this Fall," according to a recent note from Goldman Sachs analyst Rod Hall. Apple shares were down 1.5 % on Monday.

    China's macro data suggests the economy continued to slow as the Purchasing Managing Index dropped to 50.8 in September from 51.3 in August, the weakest result since July 2017. "We also believe that smartphone unit volume deteriorated by ~15% Y/Y in Q3 which is unheard of in a typically seasonally strong Q3," Hall wrote in a note sent out to his clients on Monday. 

    Hall has a "neutral" rating for Apple with a price target of $240 — an upside of 8.1% to the current market price.

    He estimates Apple will produce earnings of $11.78 per share for the current fiscal year and $13.77 for 2019. Hall predicts that China will account for approximately 16% of the 80 million iPhone units expected to be sold in the December quarter. "Our 13m unit forecast implies that Apple will continue to lose share in the high-end smartphone category (to 30% in Q4’18 from 32% in Q4’17) though it also assumes demand in that category is unaffected by macro," he wrote in a note on Monday.

    However, he believes there is a possibility that the Cupertino-based company could benefit from the larger handsets of the new iPhone XS Max and iPhone XR. "We believe Apple will be able to participate in this growth category of smartphones starting in Q4’18," he said. 

    "This could at least partially offset negative macro indications though we doubt it completely solves the problem if Chinese consumer demand continues to be weak as we move through the critical holiday buying season."

    Apple shares were up 26.7% so far this year.

    Apple

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    Donald Trump Space Force Executive Order

    • Rumors circulated this month that Air Force Secretary Heather Wilson had run afoul of the Trump administration over the creation of the Space Force.
    • But Rep. Mike Rogers says his name was used as part of a "shot across the bow" to Wilson and that she has fallen into line.
    • Rogers, a main proponent of the new force, says it's needed to better work with private industry and to counter Russia and China.

    Rumors that President Donald Trump was considering firing Air Force Secretary Heather Wilson over resistance to the new Space Force were "a shot across the bow" to the service chief, according to Alabama Republican Rep. Mike Rogers, who has backed the new force.

    Several sources told Foreign Policy this month that Trump was weighing Wilson's removal after the midterm elections in response to what the White House viewed as a campaign against the nascent Space Force, the creation of which Trump announced earlier this year.

    Purported resistance from Wilson — who wrote a memo in September saying the force would cost $13 billion over its first five years — reportedly angered both Trump and Deputy Defense Secretary Patrick Shanahan, a former Boeing executive who is second in command at the Pentagon.

    Trump 'sees her as troublesome and ineffective'

    Heather Wilson

    Wilson, an Air Force Academy graduate who served in Europe during the 1980s and was on the National Security Council staff under former President George H.W. Bush, was a Republican congresswoman from New Mexico from 1998 to 2009.

    The Trump administration picked her as Air Force secretary in January 2017, and she was confirmed by the Senate in May that year. But it was Trump's June 2018 announcement that the Space Force would become the US's sixth military branch that reportedly set Wilson at odds with the White House.

    The administration came to believe that Wilson was "trying to undermine this part of the president's agenda from within," a source told Foreign Policy.

    "Some senior officials know how to disagree with [the president] without being disagreeable to him. Heather Wilson hasn't managed to do that," an administration official told Foreign Policy. "Her opposition to the Space Force has grated on him and I think he permanently sees her as troublesome and ineffective now."

    Rogers, who chairs the House Armed Services subcommittee on strategic forces, promoted the Space Force to Trump and his advisers for months prior to a March 2017 speech in which Trump said he was considering it.

    After that speech, Rogers told The Los Angeles Times that he called Trump and said it was "something we have to do" and a "national security imperative"— to which Trump reportedly replied, "I'm all in."

    'A shot across the bow, and my name was part of the signal'

    Rep. Mike Rogers Alabama Congress

    In an interview with the Opelika-Auburn News published on Sunday, Rogers indicated he was involved in messaging to Wilson about the White House's displeasure with her position on the Space Force.

    "The White House found out she was working against it," said Rogers, who is running for reelection in November. "It was a shot across the bow, and my name was part of the signal to her."

    The Alabaman congressman, whose constituency includes Huntsville, which is home to NASA's Marshall Space Flight Center, and research hubs like Auburn University, was mentioned as a potential replacement should Trump oust Wilson.

    But he told the Opelika-Auburn News he believed Wilson had gotten the message and was more supportive. Moreover, he told the president he believed he could do more to support the Space Force from Congress, where he aims to become chairman of the House Armed Services Committee.

    Rogers pushed the Space Force as a separate force because he believed the Air Force, which he says is largely run by pilots focused on Earth, would put little emphasis on space operations if the Space Force was added to that branch.

    He has also touted it as a way for the Pentagon to open a direct line to the private aerospace industry and keep pace with its work.

    "If people could fully understand the threat we have today from Russia and China, they would understand how serious this is and how important it is to protect our space assets," Rogers told the Opelika-Auburn News. The severity and scale of the threats, he said, will "shake the partisanship right out of you."

    SEE ALSO: 71 years ago, Chuck Yeager smashed the sound barrier — here's what it was like on the famous flight

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    Khabib Nurmagomedov

    • Khabib Nurmagomedov has been busy since defeating Conor McGregor to retain the UFC lightweight title.
    • In an interview with Russian media, Nurmagomedov reportedly said the UFC may have helped organize McGregor's bizarre bus attack earlier in the year.
    • According to a translation of the interview, Nurmagomedov says he was suspicious that McGregor and his team knew exactly where to go and had brought cameras.


    During their recent match, Khabib Nurmagomedov forced Conor McGregor to tap out to retain his UFC lightweight title in the biggest fight in the history of the company.

    Since then, Nurmagomedov has made the most of his star power, using his newfound leverage with the company to defend one of his teammates, enjoying a visit with Vladimir Putin, and even teasing a move to WWE.

    But Nurmagomedov's most compelling interview may have been saved for Russian media. During a 90-minute interview with Russian station Channel 1, Nurmagomedov reportedly went into detail about his training and weight cut, and made an explosive accusation towards UFC, stating that he believed the company at least knew about and possibly helped organize Conor McGregor's infamous bus attack.

    Here's what Nurmagomedov said, according to a translation by MMA Mania:

    "When I think back there are so many questions I don't have the answer to, did they do it all on purpose? In my personal opinion, I feel like the bus incident was organized with UFC's help. I can't accuse them, but I would give it 70% that they did it. I wanted to get off the bus and all the other fighters on the bus confirmed this in their interviews, and all the managers as well."

    "It all happened in a minute in a half, two minutes max," Khabib continued. "He's there with his cameras and his PR team with him shooting. An important point: the Barclays Center is a very big arena, a 20,000 person arena, but he knew where we were exactly. How could they have known? And how did they enter the arena with a gang of 20, 30 men? Come on."

    "Conor has nothing to do with this media event and has a gang with him but these jokers lead him and everyone to the elevator where our bus is? I'm an athlete, but I'm also educated. My brain works pretty well for 15 years of fighting. I haven't taken many shots to the head so I still have brains."

    Nurmagomedov cited the bus attack as one of the inciting incidents for his post-fight jump into the crowd and was clearly an event that left an impression on him.

    For now, though, it seems everything worked out for the best for Nurmagomedov — he's the lightweight champion and can get a big-money rematch if he ever feels like fighting McGregor again.

    You can read more from Nurmagomedov's interview as translated by MMA Mania here.

    SEE ALSO: Khabib Nurmagomedov claims WWE wants to recruit him just one day after he threatened to quit the UFC forever

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    Great Wall Of China Photos Tour (1 of 1)

    • As Business Insider's international correspondent, I've spent the past six months traveling through Hong Kong, China, Singapore, Greece, Israel, and Russia, among other places.
    • I use a ton of different apps to make travel as efficient and seamless as possible, but, by far the most essential is Google Translate.
    • Google Translate has a number of features that are tailor-made for travelers like its camera function, which translate signs instantly, and "conversation mode," which allows you to speak directly into the microphone for real-time translated conversations.

    As Business Insider's international correspondent, I've spent the past six months traveling through Hong Kong, China, Singapore, Greece, Israel, and Russia, among other places.

    That's a lot of difficult languages to understand. It may surprise you, but I'm only adept at speaking one language: English. That's not for lack of trying — apologies to my high school Italian teacher.

    Nothing can substitute true fluency when traveling, but new and improving technologies are getting closer to bridging the gap. It may not be sexy, but Google Translate is the one app I can't live without.

    Since it was introduced in 2006, Translate has become an indispensable part of the internet. While many may take to using it to complete their foreign-language homework (again, apologies to my high school Italian teacher), it is integrated into so much of what we do, from Gmail to Chrome and elsewhere. It effortlessly erases borders of understanding as one navigates across the internet from Spanish newspaper to Chinese e-commerce site.

    Google Translate

    In recent years, Translate's mobile app, which was first released in 2010, has worked a similar magic in the real world. Google has introduced new features designed with travelers in mind and developed unprecedented translation accuracy thanks to Google's game-changing "neural machine translation" technology.

    Translate now has more than 500 million monthly users and translates over 143 billion words a day.

    Earlier this year, Google Translate became the story of the 2018 World Cup in Russia. The service's use spiked 30% in Russia during the World Cup, according to Google. A Spanish journalist used the app to ask a player on France's team a question after the team dictated that all questions be in French.

    While I was there, fans from all over the world were holding up smartphones and tablets to each other to carry out conversations from Russian to English, from Spanish to Portuguese, and Arabic to French, and every other language pair you can imagine. I used it to translate signs written in the Cyrllic alphabet, talk with taxi drivers, figure out what I had just ordered, and read museum placards.

    It was far from the first time Translate has gotten me out of a jam.

    While visiting Japan last year, I became acutely aware of how amazing the app's camera function— which can scan and translate text in real time — is.

    I can usually get the gist of signs and labels in Romance language-speaking countries like Spain or France, thanks to my mediocre Italian proficiency. Trying to get the gist of Japanese Kanji characters doesn't exactly work.

    But, as I walked through a supermarket in Tokyo's Shibuya neighborhood and encountered unfamiliar food product after another, the camera translated each item before my eyes. It was like putting on glasses for the first time.

    GoogleTranslate

    But that only scratches the surface of the app's potential.

    In recent years, Translate has added a "conversation mode" which allows a user to speak directly into the microphone for a real-time translation into the language of one's choosing. Then the respondent can speak into the same microphone and translate their speech the other way. The translations can sometimes be clunky,  but it is more than sufficient to engage in a real conversation with someone who doesn't speak your language.

    I make a habit of talking to taxi drivers when traveling. And not just for recommendations; I ask them about their country. Most have something insightful to say. Prior to Translate, I had to hope that whoever's car I got in had more than a tenuous grasp of English. In many countries, that's rarely the case.

    Some taxi drivers have wised up to Translate. In Athens, I met a taxi driver named Ilias who always keeps an iPad open to the app on his dashboard. Eager to talk to an American, he began translating himself as soon I entered the cab. Pretty soon we were going back and forth about Greece's economic crisis and its potential solutions. I learned so much from him that it inspired this story on Greece's situation

    Greece athens

    Probably the best aspect of the app is that it works seamlessly offline.. So long as you download the requisite language pack, the app will be able to do everything from conversation mode to the camera function without internet, which is essential because roaming charges add up quick while traveling.

    While you can't download every language, there are 60-plus languages for instant offline translation.

    And earlier this month, Google announced that Translate had added a number of new languages for full offline use, including Arabic, Thai, Vietnamese, Hindi, Bengali, Gujarati, Kannada, Malayalam, Marthi, Nepali, Punjabi, Tamil, and Telugu. See the full list of available languages here »

    Download Google Translate »

    SEE ALSO: I've been traveling the world for 6 months, and these are the apps I can't live without

    DON'T MISS: I'm taking a trip around the world with only a carry-on suitcase — here's everything I packed

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    the walking dead daryl rick 904

    Warning: There are potential spoilers ahead for "The Walking Dead."

    "The Walking Dead" has a huge ensemble cast of characters trying to survive the zombie apocalypse. With more new characters joining the cast this season, you can prepare to say goodbye to a few longtime favorites.

    Season nine already launched with the death of a big character, and that won't be the only one we'll see this season. Norman Reedus, who plays fan-favorite Daryl Dixon, recently told Entertainment Weekly fans should expect to see some "big deaths" as the season unfolds. 

    Who will live and who will die? In the comics, the next set of villains enter the scene in an unforgettable way, and we're expecting to see a lot of the same play out on screen. 

    INSIDER put together a guide of which members of the Hilltop, Kingdom, Sanctuary, Alexandria, and beyond are most likely to be zombie chow or be killed in the episodes to come. 

    10. Ezekiel — 30%

    The first two episodes of season nine have been pushing the Ezekiel/Carol romance really hard. It would be heart-wrenching to see Carol get ready for a proposal or a wedding only to have it all taken away from her. 

    When the next set of villains, the Whisperers, arrive in the comics, they behead a number of major characters from the comics and place their heads on spikes along a border. Ezekiel is among the most prominent and shocking of those deaths.

    Creator Robert Kirkman said at New York Comic Con we'll see "some super creepy, really intense moments" from the comics. Will he meet the same fate or will another character receive his comic death? We're hoping the king sticks around with two other big departures set for this season.

     



    9. Michonne — 35%

    Corey Hawkins isn't the only one who made it big enough to leave "The Walking Dead." Danai Gurira made a huge splash in theaters in both "Black Panther" and "Avengers: Infinity War" this year. Both movies crossed $1 billion at the box office and you know Gurira is heading back to the Marvel Cinematic Universe for next summer's "Avengers 4,"which just wrapped filming.

    But honestly, if Lincoln is leaving the show and there's a possibility for Lauren Cohan to leave if her ABC show takes off as well, how long do you expect Gurira to stick around? It will be tough when Marvel, and possibly others, have their eyes on her.



    8. Rick — 40%

    Andrew Lincoln confirmed he'll leave "The Walking Dead" this season, but we're not sure how the sheriff will part ways with the AMC series. There are multiple ways Rick could depart, but even fans are split over whether or not he'll get killed off the show or wander off to greener pastures.

    While the season's official trailer teased Rick walking with a bloody boot, we have a feeling that might be a red herring. Creator Robert Kirkman promised us a "cool" way for Rick to leave the series. Would it be cool to just kill off your show's lead character a short season after killing off his son? We don't think so.

    If AMC is planning on making more shows and a potential movie in "The Walking Dead" universe, you definitely want Lincoln available.

     



    See the rest of the story at Business Insider

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    baby and mother

    • Wealthy families are paying baby nurses up to $800 a day to tend to their newborn babies and teach them to sleep through the night.
    • Baby nurses work 22-hour days and don't take a day off until three or four weeks after the baby is born.
    • They make between $600 and $750 a day on average, and sometimes up to $800.
    • Parents are keeping baby nurses for much longer than in the past, up to nine months instead of one to three, according to Seth Norman Greenberg, vice president of domestic staffing firm Pavillion Agency.

     

    An ultra-wealthy business magnate may have no trouble managing a staff of hundreds of people, but getting a baby to sleep? That's another story. 

    More and more affluent families are paying up to $800 a day to hire baby nurses to help them care for their newborns and teach the babies to sleep through the night, according to Seth Norman Greenberg, the vice president and marketing director of Pavillion Agency, a domestic staffing agency in New York City.

    "I spoke to someone the other day who said, 'My husband's a titan, he manages 10,000 people, and he can't put our kid to sleep,'" Greenberg told Business Insider.

    In such cases, a baby nurse is the ideal solution.

    These baby nurses — who are not always necessarily registered nurses — work 22-hour shifts and don't take a single day off until the baby is three or four weeks old. Their average rate is between $600 and $750 a day for one baby and can be as high as $800 a day. For twins and triplets, the rate can be even higher.

    Pavillion Agency, which matches candidates to high-earning families for roles including nannies, private chefs, personal assistants, housekeepers, butlers, and more, caters to families that can be classified as "ultra-wealthy," Greenberg told Business Insider. "Clients can be in any industry, from business titans, financial, manufacturing, tech— and then some people that are just retired," he said. 

    "All of these very successful people are able to be successful because their homes are run," Greenberg said.

    Parents are increasingly seeing the value of keeping baby nurses for longer periods, according to Greenberg.

    "Whereas most of my baby nurse cases in the past, up until a few years ago, would last between one and three months, now they're lasting between six and nine months," Greenberg told Business Insider. "And the salaries have gone up. ... So the salaries go up and people are keeping them for longer."

    Baby nurses usually work three to four weeks straight and then take a few days off, according to Greenberg. After that, they generally take a day off every two weeks.

    Most baby nurses start out as either nannies, RNs, or LPNs, Greenberg said. They're often mothers themselves. In general, they are CPR certified and stay up to date with the latest newborn philosophies and standards.

    Baby nurses help teach parents techniques related to bathing, bedtimes routines, feeding, diapering and dressing the baby, maintaining the baby's room, and much more. They are trained to deal with colic, gas, and excessive crying, according to Pavillion's website. Some can act as lactation consultants and are trained in umbilical and circumcision care.

    "Some baby nurses enjoy working for part of the year (six months) and travel and do other things throughout the year," Greenberg said. "Others have a brief rest period and start working right away."

    SEE ALSO: Forget teaching 2nd languages — wealthy New Yorkers now want their kids' nannies to do their hair, drive Zambonis, and give them massages

    DON'T MISS: CEOs, athletes, and celebs are paying $10,000 for this 6-hour physical exam that includes a massage and 2 meals in an ultra-luxurious, spa-like NYC facility

    Join the conversation about this story »

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