1) Lehman a 'kindergarten show' next to any default (CNBC) - The big news this week is the government shutdown, but that won't even be a blip on the radar if there are debt ceiling shenanigans over the next couple weeks. Does anyone doubt that the flat-Earth faction in Congress is dying to see what that button does? Probably hoping it'll bring about the rapture.
2) Dangerous questions to ask when you interview at Barclays, BNP, RBS, UBS and Credit Suisse (eFinancial Careers) - Everyone likes a little ass, but nobody likes a smartass. Some of these questions might get you extra points, or they might get you shown the door.
3) Swiss war game envisages invasion by bankrupt French (The Telegraph) - Easily the funniest thing I read all week. Trying to picture what a French invasion would look like against a country where gun ownership and marksmanship are more or less compulsory. It'd be like challenging a Navy SEAL to a slap fight.
4) John McAfee Is Building a $100 Gadget to Block the NSA (Mashable) - Good to see he's using his talents for good instead of evil, lol. All joking aside, thwarting the NSA (and the government in general) is quickly becoming a growth industry.
5) "Whiskey Revolution" Continues In U.S., Analysts Say (BuzzFeed) - I love that Citi has ER dedicated to whiskey.
6) An adult at 18? Not any more: Adolescence now ends at 25 to prevent young people getting an inferiority complex (Daily Mail) - Kids these days. You special little snowflakes are absolutely precious. God forbid anyone ever get their feelings hurt.
7) Jay Z on His Rags-to-Riches Story, Wooing Beyoncé, and How Blue Ivy Is His “Biggest Fan” (Vanity Fair) - From slingin' dat rock to owning an NBA team. Pretty incredible story.
8) Report: Annual NYC inmate cost exceeds four years at Harvard (Al Jazeera) - I don't even know what to say about this. $460 a day to feed and house a prisoner? You're doing it wrong.
9) Walter White, founder and CEO (Yale Daily News) - Say what you will about his methods, but Walter White made a pretty decent CEO.
10) The 10 Pitfalls Of Dating A Beautiful Woman (Ask Men) - Still totally worth it.
Video of the Week:
If you've ever wondered how Iron Man thinks, you'll probably find this video pretty incredible. It was filmed earlier this year and includes Musk's first reference to the Hyperloop (which set off all the hype). But the thing that makes this interview so valuable is seeing how he reacts to and handles the day to day. Also, his thoughts on space travel and how it can be achieved with just incremental improvements in the status quo is pretty enlightening. Enjoy:
That's it for this week, stallions. Have a tremendous weekend free from government interference, and let me know what you think about this week's Bananas in the comments!
Number 6 is just sad.
If the gov't ends up changing the definition of adulthood at some point (instead of 'psychologists'), we probably would have to try half of our criminals as minors.
On the other hand, I have met 30 year olds that are impossible to distinguish from teenagers when judged on their behavior.
All-in, this is just pitiful.
You reminded me of this when you mentioned the shut down, thought you might enjoy:
http://www.businessinsider.com/congress-for-rent-on-craigslist-2013-10
McAfee is a crazy bastard and I love him for it:
6 - imagine you were expected to go through the Marines at 12. You would likely have not made it through week 1 of boot. But that's when people became adults in ages past. At this point, and not saying I agree with or like this at all, people really aren't fully equipped to deal with the modern workplace and real world until well after 18. College, grad school, etc ....this is stuff most of the last generation didn't have to deal with.
It seems the only way to stay on our parents' concept of "18 being adult" is blue collar work. Not saying that's good or bad, but the obligations of being a fully independant adult are vastly different for a carpenter VS a doctor. People had the same pushback against the term "teenager", but the facts are that our civilization is changing.
Again, not that I like or agree with where our society is headed. There are few jobs that actually require this much prep, it's not rocket science, and I fail to see why schools can't educate more people more efficiently at an earlier age. I studied three launguages, chem, organic chem, physics, calc, and computer programming in sixth grade, and I'm not a genius....I was just pushed hard in a system designed to produce the very best. I'd have to say that going to a 'regular' high school was almost a waste of my time.
They can. But as long as a a bachelors is a basic requirement that takes 4 years, the really motivated people will finish up the actual required learnings with a few years left and spend the next couple of year signalling to employers, grad programs etc. Thus you get lots of Princeton senior theses on private equity and tons of people who want to practice medicine doing research.
This. College degrees mean fuck all today. I was shocked when I found out that people doing high tech research all have PhDs. Even a masters isn't enough.
And all sales,marketing and BD jobs now require an MBA. Climbing the ladder in consulting and banking generally requires an MBA.
It takes far longer to settle into a career today. We have encouraged adolescence through degree inflation. I still don't know why a sales job would require an MBA. I have seen people on linkedin with MBAs who are now working as salesmen in wedding planning. WTF is that?
They're suckers, that's what. They bought the lie. I'd be willing to bet I could get hired into a sales management position with any company based on my tax returns alone, despite the fact that I never spent a day in college. I know this because I did it once.
Yeah!!! Those lazy asses didn't have to study for the GMAT or anything - they would just fight some World War for a couple years and then they could go back home for a comfortable job already...
Sarcasm aside, amazing job on he video, Eddie! Please bring us more Elon Musk stuff whenever you can.
Except that 90%+ of the population is comprised of blue collar workers, you adorable WSO snowflake.
LOL Yale would like Walter White. If he was born into the right family, he'd be tapped into Skull & Bones
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