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for sale

THERE ARE SOME THINGS money can’t buy—but these days, not many. Almost everything is up for sale. For example:

• A prison-cell upgrade: $90 a night. In Santa Ana, California, and some other cities, nonviolent offenders can pay for a clean, quiet jail cell, without any non-paying prisoners to disturb them.

• Access to the carpool lane while driving solo: $8. Minneapolis, San Diego, Houston, Seattle, and other cities have sought to ease traffic congestion by letting solo drivers pay to drive in carpool lanes, at rates that vary according to traffic.

• The services of an Indian surrogate mother: $8,000. Western couples seeking surrogates increasingly outsource the job to India, and the price is less than one-third the going rate in the United States.

• The right to shoot an endangered black rhino: $250,000. South Africa has begun letting some ranchers sell hunters the right to kill a limited number of rhinos, to give the ranchers an incentive to raise and protect the endangered species.

• Your doctor’s cellphone number: $1,500 and up per year. A growing number of “concierge” doctors offer cellphone access and same-day appointments for patients willing to pay annual fees ranging from $1,500 to $25,000.

• The right to emit a metric ton of carbon dioxide into the atmosphere: $10.50. The European Union runs a carbon-dioxide-emissions market that enables companies to buy and sell the right to pollute.

• The right to immigrate to the United States: $500,000. Foreigners who invest $500,000 and create at least 10 full-time jobs in an area of high unemployment are eligible for a green card that entitles them to permanent residency.

via The Atlantic.

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uh huh. si.

SPEAKING two languages rather than just one has obvious practical benefits in an increasingly globalized world. But in recent years, scientists have begun to show that the advantages of bilingualism are even more fundamental than being able to converse with a wider range of people. Being bilingual, it turns out, makes you smarter. It can have a profound effect on your brain, improving cognitive skills not related to language and even shielding against dementia in old age.

via NYTimes.com.

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bland? beautiful?

As with PC vs. Mac, the Windows 8 devices will be marked by variety, while Apples products offer just the same, bland dullness.

via Paul Thurrott.

Later, in the same piece:

Apple's device is elegant, beautiful, and simple, and it offers a superior screen with amazing detail and compatibility with the richest ecosystem in the mobile world.

So... which is it?

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18-34

For years, retailers, marketers and businesses of all shapes and sizes have gone out of their way to try to win over that “all-important” 18-to-34-year-old demographic. Now that this age group is broke and facing huge student loans and a lackluster job market, though, the realization is setting in that perhaps it’s not such a good idea to focus on a bunch of consumers with little disposable income and increasingly frugal habits.

via TIME.com.

Only 54% of Americans ages 18 to 24 have jobs, the lowest rate since the government started tracking such data in 1948. Young Americans are increasingly likely to live with their parents because they cannot afford to get out on their own, and outstanding student-loan debt is near $1 trillion for the first time ever.

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leaving goldman sachs

TODAY is my last day at Goldman Sachs. After almost 12 years at the firm — first as a summer intern while at Stanford, then in New York for 10 years, and now in London — I believe I have worked here long enough to understand the trajectory of its culture, its people and its identity. And I can honestly say that the environment now is as toxic and destructive as I have ever seen it.

via Why I Am Leaving Goldman Sachs - NYTimes.com.

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out of print

After 244 Years, Encyclopaedia Britannica Stops the Presses - NYTimes.com

After 244 years, the Encyclopaedia Britannica is going out of print.

Those coolly authoritative, gold-lettered sets of reference books that were once sold door to door by a fleet of traveling salesmen and displayed as proud fixtures in American homes will be discontinued, the company is expected to announce on Wednesday.

In a nod to the realities of the digital age — and, in particular, the competition from the hugely popular Wikipedia — Encyclopaedia Britannica will focus primarily on its online encyclopedias and educational curriculum for schools, company executives said.

via After 244 Years, Encyclopaedia Britannica Stops the Presses - NYTimes.com.

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