June 4, 2022 - If you're so smart, why aren't you rich? Turns out its just chance.

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From the Editor's Desk If you're so smart, why aren't you rich? Turns out it's just chance. The most successful people are not the most talented, just the luckiest, a new computer model of wealth creation confirms. Taking that into account can maximize return on many kinds of investment. The distribution of wealth follows a well-known pattern sometimes called an 80:20 rule: 80 percent of the wealth is owned by 20 percent of the people. Indeed, a report last year concluded that just eight men had a total wealth equivalent to that of the world's poorest 3.8 billion people. This seems to occur in all societies at all scales. It is a well-studied pattern called a power law that crops up in a wide range of social phenomena. But the distribution of wealth is among the most controversial because of the issues it raises about fairness and merit. Why should so few people have so much wealth? Continued here TradeBriefs: Newsletters for Decision-Makers! Our advertisers help fund the daily operations of TradeBriefs. We request you to accept our promotional emails. Want the newsletters, without the promotional mailers? Get an (ad-free) subscription to TradeBriefs Premium for just $2 per month. Access to premium content | No advertisement mailers Work The Worlds Most Stunning Moths Will Set Your Heart Aflutter Most people want moths to go away. Emmet Gowin wants to photograph them. Work Is Megan Thee Stallion Launching A Sex Toy Line? Originally from Houston, Thee Stallion is perhaps best known for “WAP,” her musical collaboration with fellow performer Cardi B that references the graphic status of their private parts. Thee Stallion has three Grammys under her belt: Best New Artist in 2021, and Best Rap Song and Best Rap Performance for “Savage” featuring Beyonce in 2021. Work Former Trump aide Peter Navarro indicted for contempt of Congress in defying Jan. 6 Capitol probe subpoena Faruqui ordered him to be released, with the condition that he checks in weekly with pre-trial services officials, and notify them of any plans he has to travel within the United States. Navarro will need permission to travel internationally. Work DOJ Won't Charge Mark Meadows, Dan Scavino For Contempt Of Congress The action came the same day as the Justice Department said a grand jury had indicted Peter Navarro, a trade adviser in the Trump White House, for his refusal to cooperate with the committee’s investigation. Work Majority Of Americans Identify As 'Pro-Choice' In Highest Level In Decades, Gallup Poll Finds The majority of respondents, 57%, said someone should be able to obtain a legal abortion for any reason — the highest percentage since NORC began asking the question every few years beginning in 1977, the Journal noted. Work Aide Told Secret Service That Mike Pence Could Be At Risk Targeted By Trump's Anger: Report Mike Pence addressed the Senate on Wednesday evening as lawmakers returned to certify the Electoral College vote. \"Today was a dark day in the history of the United States Capitol,\" Pence said. \"We condemn the violence that took place here in the strongest possible terms.\" Work A firm proposes Taser-armed drones to stop school shootings You may click on “Your Choices” below to learn about and use cookie management tools to limit use of cookies when you visit NPR’s sites. This page will also tell you how you can reject cookies and still obtain access to NPR’s sites, and you can adjust your cookie choices in those tools at any time. If you click “Agree and Continue” below, you acknowledge that your cookie choices in those tools will be respected and that you otherwise agree to the use of cookies on NPR’s sites. Work Pilot killed in Navy jet fighter crash in Southern California desert You may click on “Your Choices” below to learn about and use cookie management tools to limit use of cookies when you visit NPR’s sites. This page will also tell you how you can reject cookies and still obtain access to NPR’s sites, and you can adjust your cookie choices in those tools at any time. If you click “Agree and Continue” below, you acknowledge that your cookie choices in those tools will be respected and that you otherwise agree to the use of cookies on NPR’s sites. Work Buffalo-area GOP Rep. Jacobs won't run again after backlash for gun control support You may click on “Your Choices” below to learn about and use cookie management tools to limit use of cookies when you visit NPR’s sites. This page will also tell you how you can reject cookies and still obtain access to NPR’s sites, and you can adjust your cookie choices in those tools at any time. If you click “Agree and Continue” below, you acknowledge that your cookie choices in those tools will be respected and that you otherwise agree to the use of cookies on NPR’s sites. Work A Wisconsin man died in a targeted attack on the judicial system, says state AG You may click on “Your Choices” below to learn about and use cookie management tools to limit use of cookies when you visit NPR’s sites. This page will also tell you how you can reject cookies and still obtain access to NPR’s sites, and you can adjust your cookie choices in those tools at any time. If you click “Agree and Continue” below, you acknowledge that your cookie choices in those tools will be respected and that you otherwise agree to the use of cookies on NPR’s sites. Work Could covid lead to a lifetime of autoimmune disease? Evidence is growing that in some people covid infections are producing autoantibodies targeting the bodys organs. If true, it could mean years of lingering sickness and misery for many. Work This 24-year-old lost her waitressing job. Now she makes $8,600 per month in passive income: 'I work just 2 hours a day' Shannon Smith started her affiliate marketing business in July 2021. Today, she makes more than $8,000 per month in passive income. The 24-year-old shares how did it and her best tips for getting started. Work 4 Steps to Creating a Strategy in an Uncertain World The past few years have seen unprecedented disruptions, and companies are finding it nearly impossible to plan for the future. Such a volatile environment requires a new approach to devising strategy. Turning a world of uncertainty into a world of possibility requires a change of perspective, a new mindset on the part of business leaders. Companies need a different approach to devising strategy, one that relies less on looking at what the company can do and more on imagining what it could do and then doing whatever is necessary to make that possible, however much it goes against past assumptions and established practices. The author offers a four-step approach to redefining strategy. Work Doing This for 15 Minutes a Week Will Make You Happier, New Study Shows Researchers at UC San Francisco gave subjects some very simple instructions that had surprising results. Work Amravati: 75-km long highway to be constructed in just 108 hours, to go down in Guinness Book The 75-km long Amravati to Akola highway in Maharashtra is going to be built in a record time of just 108 hours. If completed successfully, the construction work will create a world record and will go down in the Guinness Book. Work 5 Steps for Creating a Killer Marketing Plan Its virtually impossible to effectively track, measure, and grow your business without establishing a blueprint for your marketing efforts. A marketing plan is your official guide that details your strategies for accomplishing short-term and long-term goals that ultimately produce a positive return on investment (ROI). Whether you create a marketing plan from a template or [] Work Tiananmen: Hong Kong students hide tiny "democracy goddesses" on campus The anonymous acts in Hong Kong defy a crackdown on public commemoration of the killings. Work Solve Complex NLP Tasks with 5 Lesser-known Python Libraries Bite-size Python code nuggets Work 3 Things to Consider When Automating Your Workflows In the past few years, businesses have adopted a much more pragmatic view on workflow automation, but for some, knowing when and what to automate is a challenge. Work The 'Benjamin Button' effect: Scientists can reverse aging in mice. The goal is to do the same for humans Scientists around the world are scurrying to reverse the hands of time. Here's a look at one lab's search for the fountain of youth, where old mice have grown young again. Work For Beto ORourke, Talk of Gun Control Has Become Both a Political Risk and Reward “If you are going to trust me to give my life for this country, you should trust me to own an AR-15,” Mr. O’Rourke said the young man told him. But, Mr. O’Rourke added, “there was more that we agreed upon than we disagreed on.” Work Creative In Conversation: Mara Hoffman On Her Eponymous Brand MH: To continue expanding our sustainability efforts at every turn. To continue to make our company a healthy and loving place to work and grow in. To grow our circularity practices, and be in full ownership from creation to end of life of all that we put out into the world. Work Destination Inspirations For New Yorks Hair Gurus "I love the bohemian, artistic, free-styled look in Rome, that expresses personality while looking effortless. I especially enjoy seeing stunning works such as Gian Lorenzo Bernini's Apollo and Daphne and Raphael's frescoes. When I'm visiting, I love to have dinner at Pierluigi - you never know who you're going to see. For drinks, Hortus Bar is a favorite of mine. It's set in a lush, hidden garden, so it's the perfect place to relax on a warm Italian evening. I also get ideas watching the sunrise in Cabo - the the shades of the sky are exquisite, and being by the water in Lake Como.'' Work Arcades, Churches and Laundromats: A Truckers Haven on the Precipice of Change “This is all I really want to do,” said Kevin Ransom, 46, who has been driving for 22 years. “I’ve tried welding. I’ve done carpenter work. I’ve done a variety of manual labor jobs, working in the plants, and I don’t care for it. So I don’t know what else I could do.” Work 'I almost died': PA Senate nominee John Fetterman says he is still recovering from stroke Chandra, of Pittsburgh-based Alliance Cardiology, said in the letter that after diagnosing Fetterman with atrial fibrillation in 2017, \"I had prescribed medications along with improved diet and exercise and asked him to follow up again in the following months.\" Work Former New York cop arrested outside U.S. Capitol with fake badge, BB gun, body armor, ammo and high-capacity magazines Last month, a federal jury in Washington convicted former NYPD officer Thomas Webster of assaulting a District of Columbia police officer during the riot. Webster attacked the cop with an aluminum pole while holding a Marine Corps flag, authorities said. Work 'Extraordinary': NYT reporter says Pence aide gave warning before January 6 - CNN Video Work Analysis: This Republican senator says his party wants a 'strongman daddy figure' (CNN)Nebraska Republican Sen. Ben Sasse isn\'t running for president -- yet -- but he has a harsh message for his party: It\'s time to stop humoring Donald Trump and those within in the GOP who support him. Work 3 employees stabbed at hospital in Los Angeles County, suspect in custody, police say Work 4 LGBTQ groups say they will boycott NYC Mayor Adams' pride reception over appointment of advisers they claim are anti-LGBTQ (CNN)Four LGBTQ groups say they will boycott New York City\'s June 7 pride reception, citing Mayor Eric Adams\' decision to hire what the groups say are two anti-LGBTQ faith advisers, the groups announced in a joint statement posted on Twitter on Thursday. Work Rhode Island zoo welcomes birth of world's most endangered wolf Work Michigan woman wins $100,000 in Powerball lottery on free spin ticket Work Stellantis US arm pleads guilty to fraud and conspiracy in diesel emissions investigation (CNN)The Michigan-based arm of the international automaker Stellantis has pleaded guilty and agreed to pay $300 million in penalties to settle an investigation into alleged cheating on emissions tests for some of its diesel-powered vehicles. Work 100 Days of War: Death, Destruction and Loss Nevertheless, Mr. Tertrais believes a progressive material and moral collapse of the Russian effort remains more probable, given Russian troops’ low morale and Ukraine’s general mobilization. Work Opinion | The Imperial Fictions Behind the Queens Platinum Jubilee The Times is committed to publishing a diversity of letters to the editor. We’d like to hear what you think about this or any of our articles. Here are some tips. And here’s our email: letters@nytimes.com. Work One Island, Two Men and Lots of Big Questions “There’s a huge problem when we’re regularly sending troops to kill people and sending troops at risk and the president is not forced on a regular basis to go before Congress to explain what the mission is, how it’s in the national interest, what it’s going to cost, what we’re trying to achieve,” Klay says. “I think that war is the most morally fraught thing we can do as a nation, and it demands more democratic accountability.” Work McCormick Concedes To Oz In Pennsylvania GOP Senate Primary However, Trump attacked McCormick repeatedly in the campaign’s final two weeks, leading a rally for Oz where he called McCormick the “candidate of special interests and globalists and the Washington establishment.” Work Paul Ryan: A 'Lot' Of Republicans Wanted To Impeach Trump But 'Didn't Have The Guts' Ryan initially endorsed Trump in the 2016 presidential campaign but then withdrew his support a month before the election after the “Access Hollywood” tape emerged in which Trump was heard boasting about how he could “grab” women “by the pussy.” Trump then blasted Ryan as disloyal and accused him of deliberately undermining his campaign. Work Peter Navarro Vowed Revenge On Biden Before Being Indicted Navarro has claimed “executive privilege” and has said repeatedly that he will not appear before the House select committee until that privilege is waived by “the president” — meaning Trump, who is no longer president. Work Republican Congressman Quits Race After Backlash Over His Gun Stance “Being a father and having young children and visualizing what those parents are going through and, I guess, being able to feel it more personally certainly has had an impact as well,” Jacobs told The Buffalo News. Work Country Music Association Fest Bans Confederate Flags For First Time “No one should feel uncomfortable when they come to a NASCAR race. So it starts with Confederate flags. Get them out of here,” NASCAR driver Bubba Wallace told National Public Radio after the association banned the flags in 2020. Work Myanmar military accused of torching hundreds of homes in three-day blitz Myanmar junta troops have torched hundreds of buildings during a three-day raid in the country’s north, local media and residents said, as the military struggles to crush resistance to its rule. Work Teen fatally stabbed during a gathering at a home in Sydneys west Work Drama and deception as Kambosos weighs in heavy for lightweight blockbuster Meanwhile, Haney's trainer father Bill has reportedly being granted a visa and will make a mad dash from Las Vegas to Melbourne for the fight. Bill Haney was originally denied a visa due to a 30-year-old drug conviction with the boxer forced to call in Yoel Judah, the father of Zab, as his trainer. Work A difficult and painful question: Ukraine ponders how to punish collaborators "We need to be able to ascertain the level of collaboration and also the level of damage caused, and to be able to differentiate in different cases," he said. "Some people should go to jail, but some should just be fined or banned from public service." Work Russia-Ukraine war: what we know on day 101 of the invasion Switzerland’s government has rejected a request by Denmark to send nearly two-dozen Swiss-made armoured personnel carriers to Ukraine. Switzerland’s executive Federal Council confirmed the decision on Friday after Denmark requested Switzerland transfer 22 Swiss-made Piranha III wheeled armoured personnel carriers, which Denmark had obtained and stored in Germany, to Ukraine. Work Post Office workers at Crown branches go on strike over pay dispute A Post Office spokesperson said: “We want to assure our customers that the vast majority of our branches are unaffected by CWU strike action on Saturday. There are 114 branches, typically in city centres, that are directly managed by the Post Office. Work How ministers squashed proposals to expand right to roam in England It remains to be seen whether continued pressure – and mass trespasses – will put pressure on the government to release or act on the review. Or whether, as a minister recently said, the countryside will remain first and foremost a “place of business”. Work UK officials in line for immunity in assisting crimes overseas, say critics “Put simply, the government believes it is not fair to expect the liability for this action to sit with an individual UK intelligence officer or member of the armed forces who is acting with wholly legitimate intentions.” Work Mariah Carey being sued for $20m over All I Want for Christmas Is You Work US justice department declines to charge former Trump officials Meadows and Scavino with contempt of Congress Scavino is not understood to have provided any materials. But as with Meadows, Scavino spent months negotiating with the select committee over executive privilege and justice department office of legal counsel memos that shield presidential advisers from testifying. Work Pennsylvania Republican primary conceded to Trump-backed Mehmet Oz The celebrity heart surgeon stressed his connections to Pennsylvania, saying he grew up just over the state border in Delaware, went to medical school in Philadelphia and married a Pennsylvania native. Work Ukraine warns Black Sea blockade will cause global food crisis Keep abreast of significant corporate, financial and political developments around the world.Stay informed and spot emerging risks and opportunities with independent global reporting, expertcommentary and analysis you can trust. Work A memoir of the Queen in her early years on the throne Work If Oil Keeps Rising, These 5 Exploration Stocks Could Benefit This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. Work AMD: Heres What to Expect Ahead of Analyst Day Shares of StoneCo (NASDAQ: STNE) are making big gains in Friday\'s trading. StoneCo published Q1 results after the market closed on Thursday, posting a performance that came in above the market\'s expectations. The company recorded non-GAAP (adjusted) earnings per share of 0.43 Brazilian reals on revenue of 2.07 billion reals, and its forward guidance was also significantly better than anticipated. Work The Stock Market Is Charting a New Course. It Wont Be Pleasant. This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. Work Kenyan energy company entices Bitcoin miners with geothermal power By Cointelegraph Work XRP May Post 30% Gains if Bulls Pounce on Current Levels By CoinQuora Work Crypto Biz: Helicopter CBDC money rains on Shenzhen, May 26June 1 By Cointelegraph Work Strong U.S. labor market keeps Fed on aggressive rate hike path By Reuters Work Web3 is crucial for data sovereignty in the metaverse By Cointelegraph Work 'Enemies' triggering unrest in Iran to overthrow the Islamic Republic -Khamenei By Reuters Work Pig slaughtering crypto scams reap millions on Silicon Valley dating apps By Cointelegraph Work East finals takeaways after two games: What we've seen and what's next \"Currently, I don\'t think that really matters. I still stand by my opinion,\" Shesterkin said through an interpreter. \"Andrei is still the best goalie in the world. You can\'t forget that the series is to four wins.\" Work In Game 1, the Celtics beat the Warriors at their own game The Celtics, who reached their first Finals since 2010 on the strength of their defense, demonstrated that they have an offensive bag that can punish the Warriors\' defensive rotation on the right night. If Boston can pair a fraction of its offensive exhibition in Game 1 with its signature defense on three additional occasions, the Celtics will have an opportunity to consummate a steady nine-year rebuild following their legendary Big Three era. TradeBriefs Publications are read by over 10,00,000 Industry Executives About Us  |  Advertise Privacy Policy  |  Unsubscribe You are receiving this mail because of your subscription with TradeBriefs. Our mailing address is GF 25/39, West Patel Nagar, New Delhi 110008, India Subscribe to: Post Comments (Atom) Followers Blog Archive ►  2024 (5) ►  May (1) ►  April (3) ►  March (1) ►  2023 (432) ►  December (9) ►  November (25) ►  October (20) ►  September (33) ►  August (72) ►  July (6) ►  June (77) ►  May (12) ►  April (2) ►  March (8) ►  February (85) ►  January (83) ▼  2022 (115) ►  December (13) ►  November (10) ►  October (2) ►  September (12) ►  August (25) ►  July (1) ▼  June (15) June 20, 2022 - The leaders of Finland and Sweden ... June 20, 2022 - How Happier People Spend Their Mon... June 19, 2022 - Self-Driving Big Rigs Are Coming. ... Most Popular Editorials: The Elements of Good Judg... Most Popular Editorials: The Elements of Good Judg... June 18, 2022 - As Tech Gets Hammered, This Stock ... June 18, 2022 - Julian Assange's extradition to US... Transform your approach to marketing | NUS Busines... June 17, 2022 - DOJ criminally investigating plan ... 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June 4, 2022 - How to Spot -- and Develop -- High-... ►  May (13) ►  April (8) ►  March (12) ►  February (1) ►  January (3) ►  2021 (111) ►  December (21) ►  November (7) ►  October (17) ►  September (24) ►  August (18) ►  July (2) ►  June (20) ►  May (2) ►  2020 (388) ►  June (58) ►  May (17) ►  April (74) ►  March (89) ►  February (118) ►  January (32) ►  2016 (11) ►  August (1) ►  June (1) ►  March (2) ►  January (7) ►  2015 (6) ►  December (3) ►  November (3) ►  2013 (7) ►  May (1) ►  April (5) ►  March (1) ►  2012 (4) ►  October (1) ►  May (2) ►  March (1) ►  2011 (7) ►  August (7) About Me Rijo Stephen Cletus Bangalore, Karnataka, India BE Medical Electronics, PGD Hospital and Health Care Management, CMT and MBA Finance. Pursuing MBL from NLSIU. Experienced in Domestic and International Consulting. View my complete profile