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Coronavirus Sparks a Global Gold Rush - WSJ
For those able to deliver, though, there is big money to be made. In normal times, it costs around 20 cents to fly an ounce of gold, just under 20 cents to melt the bars down and refabricate them to match New York’s delivery standards, and another 10 cents or so in financing costs, according to a retired senior gold trader. (London bars are heavier than those in demand in New York.)

So if New York prices are $1 an ounce higher than in London, a bank can make $80,000 moving five metric tons of gold—almost risk-free.

At Tuesday’s prices, the same load would net $11 million in profit, minus the cost of chartering the jet.
coronavirus  finance  interesting 
19 hours ago by ramitsethi
For Decades, Cartographers Have Been Hiding Covert Illustrations Inside of Switzerland's Official Maps | | Eye on Design
And some of them enjoy remarkable longevity. The naked woman drawing, for example, remained hidden for almost sixty years in the municipality of Egg, in northern Switzerland. Her relatively understated shape was composed in 1958 from a swath of green countryside and the blue line of a river, her knees bending at the curve in the stream. She remained unnoticed, reclining peacefully, until 2012.
maps  interesting  design 
24 days ago by ramitsethi
Baby talk different for different languages? : TrueAskReddit
https://www.npr.org/templates/story/story.php?storyId=120131516

“A new study of over a thousand recorded cries from 30 French newborns and 30 German newborns found differences in the cries' melody patterns. French cries tended to have a rising melody, while the German cries tended to have a falling melody.”
parenting  interesting  language 
5 weeks ago by ramitsethi
If You Want a Marriage of Equals, Then Date as Equals - The Atlantic
However, I noticed a glaring disconnect between the straight women’s views on marriage and their thoughts on dating. Once these women were married, it was difficult to right the ship, so to speak.


And yet in a throwback to an earlier era, many women I spoke with enacted strict dating rules. “It’s a deal breaker if a man doesn’t pay for a date,” one woman, aged 29, told me. A 31-year-old said that if a man doesn’t pay, “they just probably don’t like you very much.” A lot of men, they assumed, were looking for nothing more than a quick hookup, so some of these dating rituals were tests to see whether the man was truly interested in a commitment.

But as the relationship progressed, the men I spoke with held persistent double standards. They expected women to walk a fine line between enough and too much sexual experience.

The LGBTQ people I interviewed offered a different partnership model. They wanted no part of the dating scripts they saw as connected to gender inequality. “We have explicitly said we’re not normal or traditional, so we can write the script ourselves. We don’t have to buy into this belief that the guy is gonna be kinda dopey, but well meaning, and enjoy sports, and the woman is gonna withhold sex and demand to have things paid for,” one woman told me.
dating  gender  interesting 
5 weeks ago by ramitsethi
Is it wrong for me to lie about how I lost weight? : loseit
When people ask me about how I've done it and I tell them (counting calories, exercising a lot, a little bit of IF) I tend to get diet-shamed and generally get a cold reaction. I've seen a lot of people (especially women, though it can definitely still happen to men) post about how friends and acquaintances have been jealous/rude after they lose weight. However, I discovered (partially on accident) that if I brush it off as something I didn't mean to do or did accidentally, people don't really react as negatively (e.g. "Oh it was just quicker to walk every day than wait for the bus", "I'm just so busy I snack less", "Dining hall food isn't that good"). Since realizing this, I went home for winter break and played off my weight loss as mainly accidental just to avoid weird diet questions/comments
lies  weight  interesting  gender  truth 
7 weeks ago by ramitsethi
(6) Noah Smith 🐇 on Twitter: "1/Here's a quick thread about land use. I've recently had a chance to observe three big cities - Tokyo, NYC, and Hong Kong. One thing I noticed was that in NYC and HK, retail is mostly on the first floor. But Tokyo has ton
1/Here's a quick thread about land use.

I've recently had a chance to observe three big cities - Tokyo, NYC, and Hong Kong. One thing I noticed was that in NYC and HK, retail is mostly on the first floor. But Tokyo has tons of multi-floor retail.
urban-planning  retail  interesting 
8 weeks ago by ramitsethi
A (Former) Night Owl’s Guide to Becoming a Morning Person - The New York Times
Have something to get up for
Dr. Dimitriu recalled one of his mentors, Dr. Rafael Pelayo, asking a patient, “What are you waking up for?” Many people work long, hard days, “and the evenings are the only respite — so why end them early?” Just to return to another day of work all over again?
behavioral-change  psychology  interesting 
9 weeks ago by ramitsethi
The Case For Cohousing: Where Responsibilities Are Shared And Life Is A Little Less Lonely | Cognoscenti
What’s weird is being conditioned by society to not know your neighbors at all.
When I welcome first-time visitors, their jaws drop at the level of organization and work happening here. Our 32 units and 24 acres of property, including an orchard, gardens, a chicken coop, bee hives and more, are mostly maintained by members and associate members, most of whom do about six-and-a-half hours of community work each month.

We eat a lot of food that we produce ourselves. We’ve got a ton of solar power (so much that many of my neighbors are paid annually by the power company), and we drive less than average suburban cul-de-sac dwellers so we have a relatively low environmental impact. But the strongest argument for cohousing may be its social structure and governance.
culture  millennials  interesting 
10 weeks ago by ramitsethi
Big luxury labels like Gucci, Prada, and Louis Vuitton aren't in the business of selling clothes — Quartz
Their moneymakers these days are fragrances, handbags, shoes, and accessories. Indeed, new research suggests, for the Pradas and Louis Vuittons of the world, too much dependence on clothes can actually be a liability.

In the modern luxury market, a report by Exane BNP Paribas and the fashion consultancy VR Fashion Luxury Expertise says, clothing may be a “brand-defining core category”—but it is “hardly profitable.” This category, known as ready-to-wear (RTW), refers to the clothes you buy off the rack at stores and online, and the report’s authors note that most brands lose money on it.
fashion  luxury  interesting 
10 weeks ago by ramitsethi
Against Financial Literacy Education by Lauren E. Willis :: SSRN
Harboring this belief may be innocent, but it is not harmless; the pursuit of financial literacy poses costs that almost certainly swamp any benefits. For some consumers, financial education appears to increase confidence without improving ability, leading to worse decisions. When consumers find themselves in dire financial straits, the regulation through education model blames them for their plight, shaming them and deflecting calls for effective market regulation
education  interesting  lies 
11 weeks ago by ramitsethi
(20) Massimo on Twitter: "A researcher found that, on average, after Irma & Maria hurricanes, lizards in Turks & Caicos had toe pads that were 6 to 9 percent bigger than those of pre-hurricane individuals, and front legs that were 2 percent longer
A researcher found that, on average, after Irma & Maria hurricanes, lizards in Turks & Caicos had toe pads that were 6 to 9 percent bigger than those of pre-hurricane individuals, and front legs that were 2 percent longer. A case for natural selection https://buff.ly/2JVFdIT
animals  interesting  nature 
11 weeks ago by ramitsethi
Derek Thompson on Twitter: "Single-family homes, then and now In early 1970s: - Median space-per-resident: 507 sq ft - 36% with central AC - 23% with 4 bedrooms or more In 2017: - Median space-per-resident: 971 sq ft - 93% with AC - 46% with 4 bedrooms or
Single-family homes, then and now

In early 1970s:
- Median space-per-resident: 507 sq ft
- 36% with central AC
- 23% with 4 bedrooms or more

In 2017:
- Median space-per-resident: 971 sq ft
- 93% with AC
- 46% with 4 bedrooms or more
real-estate  culture  urban-planning  interesting 
11 weeks ago by ramitsethi
Peggy Orenstein on Her New Book 'Boys & Sex' | Time
I remember talking with a group of kids once, and a girl raised her hand and said, “I have a question for the boys. How do you express your sexuality?” And the boys just kind of looked blank, and one of them said, “What do you mean?” And she said, “Well, like, we wear a short skirt, or we dress a certain way. What do you do?” And the boys looked blank. And one finally said, “Well, we have sex.” And I thought, that’s kind of it in a nutshell: Girls learn that expressing sexuality means expressing sexiness, and boys learn that expressing sexuality means to have sex, to do something sexual, to do something physical, to feel something in your body.
sexuality  adolescence  interesting  quotes  gender 
11 weeks ago by ramitsethi
Tom Nichols on Twitter: "Indian food is terrible and we pretend it isn’t. https://t.co/NGOUtRUCUN" / Twitter
LOL at this post and the comments.
- Tons of people saying “You haven’t tried good Indian food yet.” Because Tom posted this publicly, he will never change his mind.
- He shares how his mom was a bad cook
- People call him out for associating all Indian food together
- People get very very angry about this...but what if it were Russian food or another non-popular cuisine?
food  interesting  commenters  psychology  culture 
november 2019 by ramitsethi
Talking to Men About Their Female Role Models Is Still Like Pulling Teeth | MEL Magazine
But speaking to men about their female role models is still like pulling teeth, and not only because they usually don’t consider women candidates in the first place — that’s only the first hurdle. Men often make predictable, clichéd choices — as my colleague Zaron Burnett III pointed out in 2014, fictional characters like Wonder Women and “my mother” are the most common answers — and they cite reasons that shore up traditional notions of femininity and service (“she always put us kids first”). 
gender  interesting  culture 
november 2019 by ramitsethi
Kids Who Get Driven Everywhere Don't Know Where They're Going - CityLab
Children who were driven everywhere weren’t able to accurately draw how the streets in their community connected

It turns out vehicular traffic does something else, too, more subtle but equally pernicious: It changes the way children see and experience the world by diminishing their connection to community and neighbors.

Newell Avenue, the main road in front of the school, is a tree-lined street and yet few of the trees were drawn; instead, red (danger, cars) and orange (dislike) dominated. Participants from the Light [traffic exposure] neighborhood, on the other hand, showed a much richer sense of their environment, drawing more of the streets, houses, trees, and other objects, and including fewer signs of danger, or dislike and fewer cars. The children also drew many more places in the street where they liked to play and areas that they just simply liked: they noted playing in 43 percent more locations in their streets relative to the children in the heavy-traffic-exposure neighborhood.
parenting  urban-planning  interesting 
november 2019 by ramitsethi
With Garmin Autoland, small planes can land themselves if the pilot becomes incapacitated – TechCrunch
Now, however, planes outfitted with the Garmin G3000 flight deck will have the option to include a system that will land the plane in an emergency with just the push of a button.

Autoland takes all the navigation and communications tech in the plane and combines that with a sophisticated autopilot. Once a passenger activates the autoland feature — or the plane determines the pilot is incapacitated — the system will look at all the available information about weather, remaining fuel on board and the local terrain to plot a route to the nearest suitable airport. It’ll even alert air traffic control about what’s happening, so they can route other planes around you.

The system also then takes over all of the touchscreens in the plane that are part of the G3000 flight deck and displays a simplified interface that allows the passengers to talk to air traffic control — and very little else.

Taking all of that information into account, the plane then plans the decent, lands the plane and shuts down the engines.
airplanes  interesting  technology 
november 2019 by ramitsethi
Meet 'Hot Ones' Host Sean Evans Who Eats Spicy Wings With Celebs | Hollywood Reporter
But more often than not, you see a more human side to these people. Celebrity is by definition an unobtainable lifestyle and status, but everyone can relate to dying on hot sauce, so what this is doing is taking someone you idolize and then bringing them down to your level. That works both ways — the celebrity can connect to their fans. Everybody always wants to make the show "What's it like to have a beer with that person?" And everyone sucks at making it. We accidentally made it, and made it perfect.
fame  interesting  psychology 
november 2019 by ramitsethi
The Perfect Paradox of Star Brands: An Interview with Bernard Arnault of LVMH
What do you mean by timeless?

It means the brand is built, if you wish, for eternity. It has been around for a long time; it has become an institution. Dom Pérignon is a perfect example. I can guarantee that people will be drinking it in the next century. It was created 250 years ago, but it will be relevant and desired for another century and beyond that. It is for the ages—just like certain pieces of luggage that you buy for your entire life. Timelessness, of course, is not just something you find in LVMH brands. I would say Cartier is timeless, and Hermes. Also Rolls-Royce, and even, say, IBM. That is an excellent brand.

The problem is that the quality of timelessness takes years to develop, even decades. You cannot just decree it. A brand has to pay its dues—it has to come to stand for something in the eyes of the world. But you can, as a manager, enhance timelessness—that is, create the impression of timelessness sooner rather than later. And you do that with uncompromising quality.

A lot of companies talk about quality, but if you want your brand to be timeless, you have to be a fanatic about it. Before we launch a Louis Vuitton suitcase, for example, we put it in a torture machine, where it is opened and closed five times per minute for three weeks. And that is not all—it is thrown, and shaken, and crushed. You would laugh if you saw what we do, but that is how you build something that becomes an heirloom. By the way, we put some of our competitors’ products through the same tests, and they come out like bouillie—the mush babies eat.
luxury  business  quality  interesting 
october 2019 by ramitsethi
Why Don’t Rich People Just Stop Working? - The New York Times
Are the wealthy addicted to money, competition, or just feeling important? Yes.
interesting  wealthy  culture 
october 2019 by ramitsethi
Flexible as FedEx | The San Diego Union-Tribune
Every night, FedEx flew five empty airplanes that were totally free of cargo.

The spare airplanes flew from the following cities:

Las Vegas, Nevada
Duluth, Minnestota
Laredo, Texas
Fort Myers, Florida
Portland, Maine
All the spare planes take circuitous paths to Memphis, passing near major cities like Dallas, Denver and St. Louis.

On a typical night, one of the five makes an unexpected stop to collect an overflow of packages, one lands to bail out a plane needing a repair, and three arrive in Memphis as empty as they were when they took off.
interesting  business 
september 2019 by ramitsethi
What Really Happens When You Become an Overnight Millionaire?
Rahal bought the fully-furnished house for about $19 million in May. He splits his time between his longtime Chicago apartment and this place; he chose Miami Beach in part because Florida has no personal income tax.

So before the Kellogg sale went through, he proposed to a woman he had been dating. “I put a lot of value in, ‘Oh, she knew me before,’” he said. They married in July 2018; in December, they divorced. “I made something important urgent that shouldn’t be urgent,” he says.
interesting  wealthy  entrepreneurship 
september 2019 by ramitsethi
(8) Derek Thompson on Twitter: "New paper: More than 40% of white Harvard admits are “ALDC”: athletes, legacy, Dean’s interest (donors' kids), or children of faculty Researchers find: 1. 70+% of such admits would be rejected w/o preferences. 2. With
New paper: More than 40% of white Harvard admits are “ALDC”: athletes, legacy, Dean’s interest (donors' kids), or children of faculty

Researchers find:

1. 70+% of such admits would be rejected w/o preferences.

2. Without ALDC preferences, total admits would be more diverse.
education  college-admissions  culture  interesting 
september 2019 by ramitsethi
(5) Abigail Marsh on Twitter: "Unethical behavior: It's not spread evenly across the population. Cool studying showing those who are unethical in one domain (relationships) are often unethical in other domains as well (business). https://t.co/fnH8GZlWSH"
Unethical behavior: It's not spread evenly across the population. Cool studying showing those who are unethical in one domain (relationships) are often unethical in other domains as well (business).
scams  interesting 
september 2019 by ramitsethi
Prehistoric Babies Drank Animal Milk From Bottles : The Salt : NPR
So suggests a new study released Wednesday by the journal Nature. The researchers report finding nonhuman milk residue inside a type of ancient spouted clay bowl that sometimes featured animal feet and heads. The earliest examples of this kind of vessel — which the researchers are calling prehistoric baby bottles — date back more than 7,000 years.

The researchers say the milk molecules they identified, via chemical and isotopic analysis, came from the ruminant family, which includes sheep, goats and cows. "This is the first time that we've been able to identify the types of foods fed to prehistoric babies," says Dunne.
parenting  interesting  history 
september 2019 by ramitsethi
The wisdom of never leaving your hotel room – Popula
The rare, forgotten feeling of knowing that someone else, someone responsible, is taking care of life for you.

Comments: https://news.ycombinator.com/item?id=20844517
convenience  travel  interesting 
september 2019 by ramitsethi
How husbands and wives report their earnings when she earns more
survey respondents react to violations of the norm that husbands earn more than their wives by
inflating their reports of husbands’ earnings and deflating their reports of wives’ earnings.
gender  salary  interesting  relationships 
september 2019 by ramitsethi
What happens to Asian-American overachievers when the test-taking ends? (2011) | Hacker News
As a (south) Asian immigrant I found this article trite. To answer the title—what happens after the test taking ends? Asians end up as the highest income demographic in the country. Thank you, tiger mom.
I also don’t appreciate the angsty ranting about Asian immigrant culture. Work hard, keep your head down, raise kids, provide for your family, respect your parents, etc. Those are great values and are as much traditional American values as Asian immigrant ones. It’s the American baby boomers and millennials with their fixation on self-gratification that are the outliers.
culture  interesting  race  millennials 
september 2019 by ramitsethi
Ghosts of White People Past: Witnessing White Flight From an Asian Ethnoburb - Pacific Standard
White flight from highly concentrated Asian immigrant communities or “ethnoburbs,” a term first coined by Wei Li, is nothing new. Take Cupertino, California, a San Francisco suburb of 60,000 residents. Beginning in the late 1980s and early ’90s, the small, predominantly white Silicon Valley city birthed thousands of technology firms, which soon brought a wave of Asian immigrants. The region’s significant affluence (Cupertino’s median annual household income nears $130,000) did not inoculate Cupertino from white flight. Two area high schools, Monta Vista and Lynbrook, experienced precipitous drops in enrolled white students. Parents blamed Cupertino for becoming too Asian.

race, not education, is the fuel for white flight. Some whites will simply avoid living near people of color, as has been the case since the early 20th century. Parents would prefer a cut in education programs to having their children sit alongside children of color.
race  education  interesting 
august 2019 by ramitsethi
PetuniaProudlock comments on Why are people mad about the Gillette ad?
This is the number one comment on YouTube, it parallels the Gillette commercial. There is zero chance a commercial like this ever gets made...and if it did, the uproar would be unanimous. And rightly so, because such a tiny, minuscule, infinitesimal percentage of women would even THINK of actually doing any of these things, Same goes with a black version, advising against murder and rape. Muslim version advising against terrorism and honor killings etc.
gender  interesting  advertising 
august 2019 by ramitsethi
Midtek comments on Why is Calc 135 so unnecessarily hard?
Hmm... I get the need to let out your frustration, but telling me to fuck off is probably not the wisest thing to do. (I'm always delighted by how anonymity seems to change some people's demeanor. Just in another post some user called me a prick. I wonder if he would call his professor a prick to his face?) Anyway, your identity is safe with me. It turns out there was only one student this weekend who both told me the exam was unfair and asked me about extra credit.

There's quite a lot here to unravel, and it's worth going through it since I'm sure there are many students, not just my own, who share your frustrations.

I feel like this class is not supposed to be hard. All my friends in other classes tell me how easy their teachers are.

In general, you should just take the opinions of your friends with a grain of salt. They can be lying, they can be remembering incorrectly, they can just be screwing with you, or they could just be much better students and genuinely find the course easier than you do. The course is not supposed to be anything other than an introductory calculus course that covers standards topics from limits to integration by substitution, with business and economics applications. The difficulty varies and is dependent on both the student and the professor. Sure, 135 is designed to be easier than 151, but 135 is not an easy course. And I am certainly not an easy professor. I specifically design my exams (both the questions themselves and the grading rubric) to be harder than the final exam so that you are well prepared. I have high standards because I believe that every one of my students can and should meet them.
education  insults  funny  commenters  interesting 
august 2019 by ramitsethi
niktereuto comments on The New American Homeless
More comments at https://www.reddit.com/r/bestof/comments/cutvi1/uniktereuto_explains_how_japan_managed_to_solve/

Japan had a similar problem with extremely expensive housing in the 1970s and 1980s that led to a hell of a housing bubble not un-like the one the United States experienced in 2008.

Unlike the United States, however, Japan implemented a solution- resulting in a nation where housing is relatively abundant and affordable, even in the- still growing, believe it or not- large cities.

The solution was a combination of multiple things:

Simplified zoning laws. A good writeup can be found here: http://urbankchoze.blogspot.com/2014/04/japanese-zoning.html

Enforcing zoning at the national level, and completely removing the ability for local cities to zone themselves (with limited exceptions).

Utilization of those national zoning laws to force the creation of enough public housing to meet need (and to make public housing that doesn't purposely stand out like it does in the US). This forced all cities, and all neighborhoods, rich and poor, to accept public housing.

Utilization of those national zoning laws to force the creation of homeless shelters, mental hospitals and asylums so the homeless and the mentally ill can be kept off the streets (resulting in some of the lowest homeless population rates in the world, and, compared to America anyway, effectively "solving" homelessness there).

Increased rights for property owners- now that localities couldn't artifically limit what property owners could do with their own property, it suddenly became legal to build granny units and additional stories in areas where it wasn't legal before. It was also now legal to implement new designs and new colors to houses, AND....

...mixed commercial and residential developments became legal everywhere, allowing people to more easily start their own businesses in their own communities, instead of forcing them to rent space on a market street/downtown/in a commercially zoned area
real-estate  culture  interesting 
august 2019 by ramitsethi
How Men’s Bodies Change When they Become Fathers
Take testosterone, the stereotypically “male” hormone that plays important roles in male fetal development and puberty. Testosterone is largely responsible for motivating men to find partners and, studies suggest, men with higher levels of testosterone tend to be more attractive to potential mates. But being a successful human father means focusing inward on the family and resisting the drive to seek out another partner. So, experts believe, men have evolved for some of that testosterone to go.
parenting  gender  interesting 
august 2019 by ramitsethi
The Secret Lives of Slim People - Episode Guide - All 4
With the help of private detectives and hidden cameras, Sabrina Grant examines the lives of people who stay slim without apparently trying. What simple tips can we learn from them?
weight  fatlogic  interesting  videos  tv 
august 2019 by ramitsethi
Craving Freedom, Japan’s Women Opt Out of Marriage - The New York Times
The percentage of women who work in Japan is higher than ever, yet cultural norms have not caught up. More and more, women are rejecting the double standard.
gender  interesting  culture 
august 2019 by ramitsethi
We've Reached Peak Wellness. Most of It Is Nonsense. | Outside Online
Emotional: Don’t Hide Your Feelings, Get Help When You Need It
Social: It’s Not All About Productivity; Relationships Matter, Too
Cognitive: Follow Your Interests, Do Deep-Focused Work
Spiritual: Cultivate Purpose, Be Open to Awe
Environmental: Care for Your Space
health  culture  interesting  rich-life 
august 2019 by ramitsethi
Scrunchies and saving the turtles: 'VSCO girls' are the newest teen lifestyle trend
There are several specific hallmarks of a "VSCO girl," which includes scrunchies, oversized T-shirts, clothing from the store Brandy Melville, Vans, Pura Vida bracelets, Fjällräven Kånken backpacks and Puka shell necklaces.

Another integral part of the "VSCO girl" lifestyle is being environmentally conscious, as a key component to the style is the use of products such as metal straws and Hydro Flasks to "save the turtles."


"If I catch another motherf----- saying 'sksksksk' s--- I'mma 'sksksksk' my foot up that a--," one TikTok user said in a video, mocking the way "VSCO girls" laugh online using the hissing "sksk" noise.

On Twitter, one user joked, "What do vsco girls wear on their wrists? skskskskskskrunchies."
culture  interesting 
august 2019 by ramitsethi
What is Mercedes-Benz PRE-SAFE Sound? | PRE-SAFE Sound Information
HOW DOES MERCEDES-BENZ PRE-SAFE® SOUND WORK?
As part of the comprehensive Mercedes-Benz PRE-SAFE® suite, PRE-SAFE® Sound is activated if your vehicle detects that a collision is unavoidable. In such scenarios, PRE-SAFE®Sound will activate your Mercedes-Benz vehicle's sound system and play a short interference signal. Called "pink sound" or "pink noise," this interference signal deploys at about 80 decibels, which is roughly equivalent to the level of noise at the side of a busy road. This signal will cause a reflex in your ear to activate, protecting the eardrum and reducing the damage loud noises produced by the crash can cause to your hearing.
future  safety  cars  interesting  luxury 
august 2019 by ramitsethi
A Mexican Hospital, an American Surgeon, and a $5,000 Check (Yes, a Check) - The New York Times
The hospital costs of the American medical system are so high that it made financial sense for both a highly trained orthopedist from Milwaukee and a patient from Mississippi to leave the country and meet at an upscale private Mexican hospital for the surgery.
medical-tourism  interesting 
august 2019 by ramitsethi
The Real Problem At Yale Is Not Free Speech | Palladium Magazine
se when I was at Yale, everybody kept talking about how broke they were.

“Want to go out for brunch?” “I can’t—I’m so broke.” This was a common line. Sometimes the conversations had a more accusatory tone. “Wow, you took a taxi to the airport? I always take the subway.”

Poor people—actually poor people—don’t talk this way. They tend to stay under the radar because they don’t know the rules of the game. But I bought it—at least when I was a freshman. If they were constantly announcing how broke they were, my assumption was that they must have even less money than I do.

This turned out to be wrong. The reality was that they were invariably from the upper-middle and upper classes. I know this because they eventually told me, like Marcus did. But there were tells. These students didn’t act the way my friends and I did growing up. They didn’t know how much pens or flights or cars were supposed to cost. They couldn’t tell when a restaurant was a good deal.
culture  wealthy  lies  interesting 
august 2019 by ramitsethi
At what point did you look at yourself or your life and think “I really need to make a change”? : AskReddit
Lots of stories of when people realized they needed to make a change. VERY FEW saying, "I was comfortable...so I changed."
self-development  interesting 
august 2019 by ramitsethi
How the internet may be changing young Americans' perception on their standard of living. : bestof
Very insightful - how Internet makes Americans realize their lives may not be as "exceptional" as we're brought up to believe
culture  interesting  millennials 
august 2019 by ramitsethi
Andrew Yang and his campaign is what ended up leading me out of the depths of the Alt-Right. : YangForPresidentHQ
Up until four months ago, all of the above would have applied to me. I started following Andrew Yang's campaign through twitter, initially just as a joke. Myself, and many on the far-right had been disillusioned by Trump's dismal failure to take any meaningful action to slow America's transformation into a minority-majority country - one where white men such as myself were now a marked minority from 90% to 49% in less than a hundred years. There was a perception that Trump is firmly in Israel's pocket, and will never act in America's interest when it comes to foreign policy, instead continuing to cozy up to Saudi Arabia and launch vapid tirades against the Iranian boogeyman. The idea was, if even our best chance was going to be a failure, we may as well get a thousand bucks a month while we watch the country descend into chaos.

But, I started watching more of Andrew's interviews. I started following more of his social media. I went to one of his rallies to see him in person. I started absorbing more and more articles published online. I read through each and every one of his proposed policies. To me, he was just a very charming individual. I didn't care that he wasn't white. I thought he was funny, charismatic, and when he spoke I really felt as if he cared about what he had to say and he cared about the issues he spoke about. His perception that AI is currently the largest 'unseen' threat to the average American worker - me, couldn't have rung more strongly with me. His solutions just made sense to me in a way that I can't articulate. I tried to poke holes in the argument for a basic income, but could only come up short. For me, a thousand a month would let me spend more time with my sick mother, without working increasingly later shifts at work. It would give me the flexibility to care for my loved ones without sapping my own strength. I don't know why, but seeing the benefit to myself in such a dramatic manner just triggered some otherworldly type of empathy within me. Out of 300,000,000 Americans, tens of millions probably live through more stressful situations every single day. What's meaningful to me would be monumental to them.
politics  cults  interesting  radicalization 
august 2019 by ramitsethi
I would like to see how the numbers stack up to other countries that have a bett... | Hacker News
Here's my hypothesis - the work life "balance" in the U.S. is incredibly messed up - like real bad.

The assumption most people make is "Let's work real hard while we are young so we have all the money we need when we are older. We will have fun then".

So right out of college, with six figures in debt, people are working 40+ hours/week (typically 60+ hours/week), working weekends without blinking an eye.

Everyone's doing it, it's the norm, so what's wrong with doing what everyone is doing.

No one has time to make meaningful relationships.

Most people spend less than 3 years at a job, so what's the point anyways. You can't get a good salary hike without quitting your existing and joining a new company.

That model bleeds into one's personal life as well - people are so busy working hard that they miss the opportunities to build a meaningful relationship with their spouse and children.

Guilt sets in so the spouse and children get showered with expensive gifts and vacations but they have nothing much to talk about during those vacations either so they spend most of their time visiting random places, taking tons of photos, posting them on social and handling the barrage of comments they get for those photos.

The emptiness does not resolve though - and when it gets intolerable the spouses file for divorce.
culture  loneliness  interesting  health 
july 2019 by ramitsethi
The One Amazon Prime Day Deal That Walmart and Target Can’t Match - WSJ
Amazon uses annual July sales event to sign up Prime members, adding a revenue stream that others don’t have
interesting 
july 2019 by ramitsethi
How the Other Half Lifts: What Your Workout Says About Your Social Class - Pacific Standard
Sociologists, it turns out, have studied these covert athletic biases. Carl Stempel, for example, writing in the International Review for the Sociology of Sport, argues that upper middle class Americans avoid “excessive displays of strength,” viewing the bodybuilder look as vulgar overcompensation for wounded manhood. The so-called dominant classes, Stempel writes—especially those like my friends and myself, richer in fancy degrees than in actual dollars—tend to express dominance through strenuous aerobic sports that display moral character, self-control, and self-development, rather than physical dominance. By chasing pure strength, in other words, packing on all that muscle, I had violated the unspoken prejudices—and dearly held self-definitions—of my social group.
culture  interesting 
july 2019 by ramitsethi
13 policemen withstanding the flow : oddlysatisfying
I had occasion to talk to a mounted police officer about the use of horses for law enforcement. He said they are incredible assets. They give you visibility in crowds and you can move MANY unruly people easily simply by turning the horse broadside like you mention, and then slowly marching them against the crowd. And if you need to move though the crowd to get to a disturbance people tend to get the fuck out of the way of a horse pretty fast. They’re quite well trained...something approaching drossage. He also said in really dire circumstances where the officer or horse could be in danger from the crowd they are trained to snap their head on command (the horse, not the cop) to the side to bat away aggressors. This is a last resort I guess. He also said they will never ever use any sort of kicking or stomping against pedestrians.


https://youtu.be/_wjt1aOivMY this video shows a 10 second time lapse and is, in my opinion, more satisfying.
interesting  traffic  crowd-dynamics 
july 2019 by ramitsethi
Rich people of reddit who married someone significantly poorer, what surprised you about their (previous) way of life? : AskReddit
Rich people of reddit who married someone significantly poorer, what surprised you about their (previous) way of life?
finance  relationships  interesting  wealthy  poverty 
june 2019 by ramitsethi
The Worst Waiter in History
"You [stupid]? No coke!! Tea Only!! No sweet and sour!! You see on menu?!! You get house special chow fun...No fork, chopstick only...What you want, fat man?"

Another customer, Lou Sideris, once tried to order the “fried shrimp,” an item nearly double the price of anything else on the menu. “No! It’s a rip-off!” yelled Edsel. Sideris and his friends would return many times over the years, each time attempting to order the shrimp, and each time being furiously denied by Edsel.
interesting  customerservice  restaurants 
june 2019 by ramitsethi
Suze Orman Gives Money Advice From Her Private Island
I used to have a watch collection. I loved expensive watches — $15,000, $30,000 watches. And I had quite a few of them. I didn’t wear them outside to impress people; I would just look at them because I considered them like pieces of art. Nobody even knew that I had this extensive, serious watch collection. It was just KT and me. Every once in a while, I would take them out and line them up and be like, “Oh my God, those are so beautiful!” Then gold prices went up to almost $2,000 an ounce and I sold them off. Who gives a damn about the watches?
luxury  interesting  finance  people 
june 2019 by ramitsethi
Opinion | On Motherhood and ‘This One Thing That People Don’t Share’ - The New York Times
It felt slightly illicit to listen in the control room, alongside an editor and a producer, as Joni exposed her private shame, fear and disappointment. Yet it was also revelatory to hear how this woman’s anxieties had warped her assumptions about how the world sees her. I remember the identity crisis of new parenthood, and how easy it is to imagine that others are evaluating you as harshly as you’re evaluating yourself. But even in novels, I’m not sure I’ve ever had such a distinct sense of what that experience feels like inside someone else’s head.

Later, Sacks pointed out to me that I’d just seen, in miniature, the psychological dynamic behind the so-called mommy wars, merciless, no-win public competitions over the best way to raise a child. “Everyone’s always insecure they’re doing something wrong, and the stakes are so high — you don’t want to mess up your kids — so you’re constantly projecting your insecurities onto other people,” she said. The result is the widespread feeling of aggrieved defensiveness that dominates many cultural conversations about parenthood.
gender  parenting  secret  interesting  podcasts 
june 2019 by ramitsethi
SerPuissance comments on Does it really matter what you spend on a wedding ring?
An engagement ring is a Zahavian Signal and most women are culturally aware of that, even if they are not consciously aware of it and couldn't name it . No woman wants to have the cheapest most unimaginative ring among her friends; just like no man wants his wife to be the frumpiest woman at the party. People (i.e. pathologically frugal redditors) who ignore these things and dismiss them as trivial do so at great peril to their long term romantic prospects.
commenters  cheap-people  gender  interesting  writing 
may 2019 by ramitsethi
My (25f) boyfriend (30m) is nitpicky about money, my friends (20s m/f) are the opposite. It makes going out as a group awkward : relationships
My friends and I, when we go out, tend to not be nitpicky about money.

We'll buy each other rounds of drinks, and take turns buying instead of paying each other back. Or if we're going to an event, I've picked up tickets for a friend with the agreement they'd buy food and drinks at the event to make stuff even. A friend will call us an Uber, and another one of us will get the Uber next time. It doesn't work out dollar for dollar, at every event, but over time it absolutely evens out. I can't think of anyone in our group who is stingy or takes advantage of things. It makes going out a lot more fun, since nobody worries about crunching numbers throughout the night.

For more expensive stuff like airline tickets or something ,we all pay our own way, but that's really rare.

I started seeing Jacob about six months ago, and for a while, he didn't really come out with my friends and I once. He was really busy with work and also introverted and not a fan of big group outings.

But recently his work has chilled out and he wanted to start getting out more and so I started inviting him to stuff with my friends and I. Concerts, nights out, beach trips, etc. And things have been great, except for one little frustrating thing.

He's not really comfortable with our way of handling money. Every time, he wants to pay people back immediately. Like if someone gets a round of drinks, or pays for an Uber, or something, he'll try to give them cash right away even though they all say not to worry about it, or just ask him to get the next round instead.

He is also nitpicky whenever he pays for something for the group, like he got the group an Uber one day and in the car asked everyone to pay their share, which was awkward because most of us didn't have cash or apps like venmo. This has come up with drinks too, he's picked up drinks for my friends then asked them for cash right away

I talked to him every time to say that's just not how we do stuff , it's awkward and inconvenient to try to crunch the numbers for who owes who what... And it's super awkward to ask everyone for money whenever he gets something for the group, especially because everyone has been treating him and each other to stuff

And he keeps saying that he doesn't like owing anyone shit, and he doesn't like when people owe him something and it's not getting paid back in a way that's easy to keep track of.
money-relationships  finance  interesting 
may 2019 by ramitsethi
Uber, Lyft drivers manipulate fares at Reagan National causing artificial price surges | WJLA
ARLINGTON, Va. (WJLA) — Every night, several times a night, Uber and Lyft drivers at Reagan National Airport simultaneously turn off their ride share apps for a minute or two to trick the app into thinking there are no drivers available---creating a price surge. When the fare goes high enough, the drivers turn their apps back on and lock into the higher fare.

It's happening in the Uber and Lyft parking lot outside Reagan National airport. The lot fills with 120 to 150 drivers sometimes for hours, waiting for the busy evening rush. And nearly all the drivers have one complaint:
interesting 
may 2019 by ramitsethi
Nick Hornby on Marriage: For Better, for Worse, for 10 Minutes at a Time - The New York Times
“High Maintenance was the first time that I saw someone think: ‘Hey, why does a show have to be 30 minutes or 53 minutes?’” Hornby said. “It just seemed like such a neat way of telling a story.”

He borrowed that neat way, tweaked for Louise and Tom, and pitched the show to producers at See-Saw Films, who were struck by what Hornby could accomplish in each 10-minute, dialogue-heavy chunk. SundanceTV, intrigued by the idea, agreed to distribute it.
podcasts  interesting  video 
may 2019 by ramitsethi
Web Smith on Twitter: "Began tracking this over the last year ( ~ 40 trips) and found it interesting. There are many inferences to derive. The nicer the hotel (2-5 stars), the more likely a patron will find a busy fitness center at 5-6 AM."
Began tracking this over the last year ( ~ 40 trips) and found it interesting. There are many inferences to derive.

The nicer the hotel (2-5 stars), the more likely a patron will find a busy fitness center at 5-6 AM.
interesting  health  wealthy 
april 2019 by ramitsethi
The Efficiency Delusion – OneZero
But efficiency isn’t always value neutral. Placing efficiency over other values can be a mistake — a lapse in ethical, political, personal, or professional judgment. Some human or civic interactions thrive when they’re deliberate and erode when they’re sped up.

Apparently, some instructors get straight to the point when criticizing their assignments. Being downright brutal in this context is viewed as a sign of respect, not rudeness.

The first is about a fairly senior engineer who was probably a project manager. At some point, he got very angry at the number of jokes that were being told in meetings
culture  politics  efficiency  interesting 
april 2019 by ramitsethi
Employee Wellness Programs Yield Little Benefit, Study Shows - The New York Times
The study, published on Tuesday in JAMA, a medical journal, looked at the experience of 33,000 workers at BJ’s Wholesale Club, a retailer, over a year and a half.

While workers who enrolled in the wellness program reported that they learned to exercise more and watch their weight, the research found no significant differences in outcomes like lower blood pressure or sugar levels and other health measures. And it found no significant reduction in workers’ health care costs.

“These findings may temper expectations about the financial return on investment that wellness programs can deliver in the short term,” conclude the study’s authors, Dr. Zirui Song, a health policy researcher at Harvard Medical School, and Katherine Baicker, dean of the University of Chicago Harris School of Public Policy.
work  health  interesting 
april 2019 by ramitsethi
Fat Rant Tuesday : fatlogic
I tell people I count my calories and smile and nod when they tell me their weird diet plans. People are weird and superstitious about food. They'd rather believe in magic than admit they eat too much.
fatlogic  psychology  interesting  culture 
april 2019 by ramitsethi
Why do so many men on dating apps seem to post pictures of themselves holding a fish they caught? : AskMen
Because dudes have a hard time finding pictures of themselves that aren't group pics or selfies. There's almost never a time when a guy is groomed, well dressed and willing to ask a friend, "Hey man, take a picture of me real quick, I need tinder photos." other than weddings, and fishing/hunting. So they just work with what they got, which is fish/dead animal pictures.
gender  photos  interesting  culture 
april 2019 by ramitsethi
The Streets Were Never Free. Congestion Pricing Finally Makes That Plain. - The New York Times
The Streets Were Never Free. Congestion Pricing Finally Makes That Plain.
The policy could change not just traffic, but also how we think about the infrastructure cars require.
urban-planning  culture  interesting 
april 2019 by ramitsethi
The New York Times on Twitter: ""Instead of the usual one-night-only, blowout bash, we broke down our wedding reception into intimate gatherings of unexpected guest pairings, spread over six months." https://t.co/aapDwqxfbS"
"Instead of the usual one-night-only, blowout bash, we broke down our wedding reception into intimate gatherings of unexpected guest pairings, spread over six months."

LOVE how unconventional and intentional this is. Note comments that disagree, uncomfortable with making a different choice.
wedding  interesting 
april 2019 by ramitsethi
What are some tips for changing from an "I'll do it later" person into an "I'll do it now" person? : AskReddit
I've found that this type of behavior just manages to encourage life to throw more work at you. The work necessary inflates to fill the space allotted.
if-you-win-you-lose  interesting 
april 2019 by ramitsethi
John Warner on Twitter: "One of the moments of epiphany in my teaching was when a college sophomore openly longed for retirement so she could finally start to pursue the things she wanted to do with her life. Wrote about it in Why They Can't Write.… htt
One of the moments of epiphany in my teaching was when a college sophomore openly longed for retirement so she could finally start to pursue the things she wanted to do with her life. Wrote about it in Why They Can't Write.
interesting  culture  millennials 
april 2019 by ramitsethi
Professional women who have all aspects of their life relatively under control: How do you do it? : AskWomen
Commenter asks, "Does anyone know women like this?" Health, food, relationships, career...

Answers range from "Nobody on earth is like this" to "98% of my friends are like this"
culture  millennials  interesting 
march 2019 by ramitsethi
Why Voters Haven’t Been Buying the Case for Building — Shelterforce
It’s tempting to think that the issue is just geography: that apartments are just like gas, but instead of different markets in different states, there are different markets in each neighborhood. Clearly neighborhoods are important, but the research suggests that both location and other quality factors and building amenities combine to define distinct submarkets. You can think of each submarket as all of the different units that one kind of person might consider when they are looking to move. They may be in several different neighborhoods, but they will be of similar overall quality and desirability and they will have similar prices.
real-estate  interesting  economics 
march 2019 by ramitsethi
Schools Aim to Teach Teens Financial Savvy - WSJ
A 2014 study that examined 168 academic papers found such instruction has “minuscule effects” on behavior unless it is delivered shortly before a person needs the information to make a financial decision, said co-author John Lynch, director of the Center for Research on Consumer Financial Decision Making at the University of Colorado Boulder.

A 2015 study compared 18- to 22-year-olds in three states—Idaho, Texas, and Georgia—that began mandating financial education in high schools around 2007 with young adults in bordering states without such requirements. It found statistically significant improvements in credit scores and reductions in late payments on credit cards three years later in the states with the financial-literacy requirements.
education  finance  interesting 
march 2019 by ramitsethi
Delano farmer turns 105 - YouTube
Inspiring 105-year-old Sikh man works every day and finds purpose in work

Immigrated to America in 60s!
interesting  videos  inspirational  aging  work 
march 2019 by ramitsethi
Hemant Mohapatra on Twitter: "So @lyft is paying $8m/mo to @AWS -- almost $100m/yr! Each ride costs $.14 in AWS rent. I keep hearing they could build their own DC & save. My early days at @Google cloud, heard the same from customers: "at scale, owning is
So @lyft is paying $8m/mo to @AWS -- almost $100m/yr! Each ride costs $.14 in AWS rent. I keep hearing they could build their own DC & save. My early days at @Google cloud, heard the same from customers: "at scale, owning is cheaper". It wasn't - they all came around. Here's why:
total-cost-of-ownership  interesting 
march 2019 by ramitsethi
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