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The Future of the Professions: How Technology Will Transform the Work of Human Experts by Richard Susskind, Daniel Susskind
23andMe, 3D printing, additive manufacturing, AI winter, Albert Einstein, Amazon Mechanical Turk, Amazon Web Services, Andrew Keen, Atul Gawande, Automated Insights, autonomous vehicles, Big bang: deregulation of the City of London, big data - Walmart - Pop Tarts, Bill Joy: nanobots, business process, business process outsourcing, Cass Sunstein, Checklist Manifesto, Clapham omnibus, Clayton Christensen, clean water, cloud computing, commoditize, computer age, Computer Numeric Control, computer vision, conceptual framework, corporate governance, creative destruction, crowdsourcing, Daniel Kahneman / Amos Tversky, death of newspapers, disintermediation, Douglas Hofstadter, en.wikipedia.org, Erik Brynjolfsson, Filter Bubble, full employment, future of work, Google Glasses, Google X / Alphabet X, Hacker Ethic, industrial robot, informal economy, information retrieval, interchangeable parts, Internet of things, Isaac Newton, James Hargreaves, John Maynard Keynes: Economic Possibilities for our Grandchildren, John Maynard Keynes: technological unemployment, Joseph Schumpeter, Khan Academy, knowledge economy, lifelogging, lump of labour, Marshall McLuhan, Metcalfe’s law, Narrative Science, natural language processing, Network effects, optical character recognition, Paul Samuelson, personalized medicine, pre–internet, Ray Kurzweil, Richard Feynman, Second Machine Age, self-driving car, semantic web, Shoshana Zuboff, Skype, social web, speech recognition, spinning jenny, strong AI, supply-chain management, telepresence, The Future of Employment, the market place, The Wealth of Nations by Adam Smith, The Wisdom of Crowds, transaction costs, Turing test, Watson beat the top human players on Jeopardy!, WikiLeaks, young professional
We are asking no more than has been asked of countless other sectors and industries that have been deeply affected by new technology. 6.7. Becoming expert In the course of our research, and in conversations with professionals, we were frequently questioned about the ways in which young professionals might learn their trade in the coming years. According to our broad hypothesis, much of the routine and repetitive work of today’s aspiring professionals will be undertaken in new ways, for example, by para-professionals, offshoring, or online service. Are we not therefore depriving young professionals of the work upon which they currently cut their teeth? If we source much of the basic work in alternative ways, on what ground will young professionals take their early steps towards becoming expert? Maintaining a pipeline of experts This becoming-expert objection is clearly an important one. If we accept that expert professionals will be needed for the foreseeable future, it would be counter-productive to overhaul our professions today in a way that would inhibit or even eliminate our future pipeline of human experts.
It constitutes our response to concerns about the viability of the next generation of professionals; however, we do counsel that the population of this category itself, although needed for many years yet, will diminish in number as the alternative models take hold. What are we training young professionals to become? This leads us to a more fundamental training issue. If the central arguments of this book are correct, or even just persuasive, they raise questions about the way in which we currently educate and train our aspiring and young professionals. If professional craftsmanship is fading and will be replaced over time by para-professionalism, knowledge engineering, communities of experience, embedded knowledge, and machine-generated expertise, then one vital question must be asked: what are we currently training large numbers of young professionals to become? Our concern is that our elaborate and sophisticated methods and institutions for the development of professionals are configured today to bring through a new generation of twentieth-century professionals, rather than a cohort of individuals and teams who are equipped to function in a technology-based Internet society in which online service will dominate over human service and ever more capable machines will carry out tasks that used to be the preserve of human professionals.
In short, recipients are increasingly unhappy about paying for the training of their external providers. In the course of our consulting work we have spoken to aspiring young professionals in many disciplines and invited their views. Commonly they have responded that they are able to grasp many of the tasks they undertake in the name of training after a handful of experiences, and that many months of repetition were unnecessary: ‘we get it after a couple of days; we don’t need to do this for a couple of years.’ In the context of professional organizations, this can be phrased in another way—we should not confuse training with exploitation. The commercial reality is that young professionals in these businesses undertake routine work because this is at the heart of the pyramidic model of profitability that requires the ‘leveraging’ (as is said) of junior professionals.
The Great Inversion and the Future of the American City by Alan Ehrenhalt
anti-communist, big-box store, British Empire, crack epidemic, David Brooks, deindustrialization, Edward Glaeser, Frank Gehry, haute cuisine, Honoré de Balzac, housing crisis, illegal immigration, Jane Jacobs, manufacturing employment, mass immigration, McMansion, New Urbanism, Norman Mailer, Peter Calthorpe, postindustrial economy, Richard Florida, The Chicago School, The Death and Life of Great American Cities, too big to fail, transit-oriented development, upwardly mobile, urban decay, urban planning, urban renewal, walkable city, white flight, working poor, young professional
In the words of Bob Eury, of the Central Houston Civic Improvement organization, “You see people buying housing in Houston that you never would have imagined anyone buying.” The current population of the Nagle Street development, Liu estimates, is about 70 percent empty nesters and 30 percent young professional singles and couples. Almost no children live here. “The higher the price,” Liu says, “the more empty nesters,” who tend to ask about high-quality appliances, the amount of light streaming into the living room, elevator capability for future years, and sometimes smoking balconies for baby boom contemporaries who have not shed their tobacco habit. The young professional contingent places a higher priority on green features and energy savings. There are twenty-seven units to one acre of land in this particular development—the empty nesters who buy there are often cutting the amount of their living space in half.
A closer look at the results shows that the most powerful demographic events of the past decade were the movement of African Americans out of central cities (180,000 of them in Chicago alone) and the settlement of immigrant groups in suburbs, often ones many miles distant from downtown. Central-city areas that gained affluent residents in the first part of the decade maintained that population in the recession years from 2007 to 2009. They also, according to a 2011 study by Brookings, suffered considerably less from increased unemployment than the suburbs did. Not many young professionals moved to new downtown condos in the recession years because few such residences were being built. But there is no reason to believe that the demographic trends prevailing prior to the construction bust will not resume once that bust is over. It is important to remember that demographic inversion is not a proxy for population growth; it can occur in cities that are growing, those whose numbers are flat, and even in those undergoing a modest decline in size.
“It’s the combination of trendy nightspots and prime real estate,” The Washington Post explained a few years ago, “that has made Clarendon among the most chic places to live in the Washington area.” Washingtonian magazine reported that the “bar scene has become so hot, it’s even luring city-dwellers.” The revival of Clarendon was critical to a revival of the county as a whole. Thousands of young professionals decided they wanted to live near the big city, if not necessarily in the middle of it. Developers responded to that demand with an open-air “lifestyle” shopping center, seeking to emulate some of the qualities of the old walkable Clarendon shopping district, and with dozens of new condominium buildings lining the transit corridor that ran straight through Clarendon to the western end of the county.
Going Solo: The Extraordinary Rise and Surprising Appeal of Living Alone by Eric Klinenberg
big-box store, carbon footprint, David Brooks, deindustrialization, deskilling, employer provided health coverage, equal pay for equal work, estate planning, fear of failure, financial independence, fixed income, Joseph Schumpeter, knowledge economy, longitudinal study, mass incarceration, New Urbanism, Ralph Waldo Emerson, rent control, Richard Florida, selection bias, Silicon Valley, Skype, speech recognition, women in the workforce, working poor, young professional
By the end of this seven-year study, we had conducted in-depth interviews with more than three hundred singletons of all social classes and life stages—though, it’s important to note, most people who live alone are financially secure enough to do it, which means our interviews, as well as the analysis I offer here, focus mainly on the experiences of the middle class. To supplement what we learned from these interviews, we also observed places where people live alone together, including residential buildings for affluent young professionals, single-room occupancy dwellings, and assisted living facilities for the elderly. We mined the archives for historical research, social surveys, and market studies about the lifestyles of singles and solo dwellers (since some studies lump them together, for some issues we had to do so as well); and we interviewed scores of others—including caregivers, government officials, architects, and artificial intelligence designers—who are concerned about the fate of the growing number of Americans who live on their own.
For many of us, the mere thought of living alone sparks anxieties about isolation, and not without reason. But although it’s clear that for certain people, in certain conditions, living alone can lead to loneliness, unhappiness, sickness, or worse, it’s also clear that it need not have such disastrous effects. Today more and more people are seeking ways to flourish despite—or is it because of?—the solitude they can achieve at home: young professionals who can afford to have their own places and prefer domestic autonomy to having roommates; singles in their thirties and forties who refuse to compromise in their search for a partner, in no small part because they recognize and enjoy the benefits (personal, social, and sexual) of living alone; divorced men and women whose previous experiences in relationships ended the fantasy that romantic love is a reliable source of happiness and stability; elderly people who, following the death of a spouse, rebuild their lives through new friendships, social groups, and activities, and take pride in their ability to live alone.
(Not all of them live alone, but leaving home is a necessary condition for doing so.)4 “The increase in this type of living arrangement has grown astonishingly since 1970,” observe demographers Elizabeth Fussell and Frank Furstenberg Jr., marking “a new sort of independence from family with significant social meaning.”5 This is an understatement. In recent decades a growing number of twenty- and thirtysomethings have come to view living alone as a key part of the transition to adulthood. In the large urban areas where it is most common, many young professionals see having one’s own home as a mark of distinction and view living with roommates or parents as undesirable at best. Living alone offers several advantages: It grants sexual freedom and facilitates experimentation. It gives time to mature, develop, and search for true romantic love. It liberates young adults from difficult roommates, including good friends who turn out to be better friends when they are not always in the next room.
The Great Reset: How the Post-Crash Economy Will Change the Way We Live and Work by Richard Florida
banking crisis, big-box store, blue-collar work, business cycle, car-free, carbon footprint, collapse of Lehman Brothers, congestion charging, creative destruction, deskilling, edge city, Edward Glaeser, falling living standards, financial innovation, Ford paid five dollars a day, high net worth, Home mortgage interest deduction, housing crisis, if you build it, they will come, income inequality, indoor plumbing, interchangeable parts, invention of the telephone, Jane Jacobs, Joseph Schumpeter, knowledge economy, low skilled workers, manufacturing employment, McMansion, Menlo Park, Nate Silver, New Economic Geography, new economy, New Urbanism, oil shock, Own Your Own Home, pattern recognition, peak oil, Ponzi scheme, post-industrial society, postindustrial economy, reserve currency, Richard Florida, Robert Shiller, Robert Shiller, secular stagnation, Silicon Valley, Silicon Valley startup, social intelligence, sovereign wealth fund, starchitect, the built environment, The Wealth of Nations by Adam Smith, Thomas L Friedman, total factor productivity, urban decay, urban planning, urban renewal, white flight, young professional, Zipcar
And 25 percent of its workforce is concentrated in an even more specialized group of science, technology, arts, and media occupations I call the supercreative core—roughly twice the rate of North American cities. Greater Ottawa boasts large concentrations of communications equipment, information technology, business services, and education and knowledge creation industries. It is a classic postindustrial city, like D.C., offering a high quality of life. In the rankings for the Canadian edition of Who’s Your City?, it placed first for young professionals, first for families with children, first for retirees, second for young singles (after Calgary), and second for empty-nesters (after Toronto).5 College towns are miniversions of government boomtowns. With their economies bolstered by large universities, high levels of state funding, and jobs markets with high concentrations of “meds and eds”—that is, stable medical and education jobs—college towns have considerable resilience.
With a rate of 17.8 percent, the little-known blue-collar town of Elkhart, Indiana, had one of the highest rates of unemployment in the entire country.13 Detroit and places like it have reached an inflection point. I’d certainly expect them to shrink more quickly in the next several years than they have in the past few. But many people will stay—those with close family ties nearby or personal connections to the area; young professionals and creative types looking to take advantage of the city’s old industrial buildings and cheap real estate; as well as those whose houses are underwater or whose meager means make it impossible to relocate. Still, as population dips even lower, the struggle to provide services and prevent blight across an ever-emptier landscape will only intensify. This is a challenge many Rust Belt cities share: how to manage this kind of economic hardship without literally collapsing.
The city and region witnessed massive white flight during the late 1960s and 1970s, leaving the city core almost abandoned. Large swaths of the city are burned out. Poverty is highly concentrated. The landscape is postapocalyptic—with a small area of secured “Renaissance” towers, casinos, and stadiums ringed by abandoned lots and burned-out buildings. Not only did middle-class and immigrant families leave for the suburbs in search of lower crime and better schools, Detroit lost many of its young professionals, its gay community, and its creative class to older suburbs such as Ferndale and Royal Oak. So does Detroit have anything at all to work with? Of course it does. The metropolitan area is home to 4.2 million people, making it the nation’s eleventh largest. It has a world-class airport that is logistically well placed. Though two of its major universities—the University of Michigan and Michigan State—are outside the city, they and other local universities provide levels of research that are substantially greater even than Pittsburgh’s.
The Global Citizen: A Guide to Creating an International Life and Career by Elizabeth Kruempelmann
Berlin Wall, business climate, corporate governance, different worldview, Fall of the Berlin Wall, follow your passion, global village, job satisfaction, Menlo Park, money market fund, Nelson Mandela, young professional
Work-abroad programs are geared mostly toward undergrad and graduate students, recent graduates, and young professionals; however, there are also many overseas teaching and volunteer programs for people of all ages. A work program or work exchange prearranges or helps you secure most (or all) of the following so you don’t have to: work and residency permits, accommodations, language courses, and an internship or job. An initial placement or application fee may be charged, but the cost is usually offset by the money you make from your job or by the university credit you receive. Organized programs run for a set period of time, such as the summer, a semester, an academic year, or longer. The Benefits of Working Abroad Arranging an overseas job through an organized work or exchange program offers students and young professionals with limited experience many advantages over the traditional route of sending résumés to international companies and hoping for a dream position overseas.
The exceptions are jobs in fast-growing industries, telecommunications being the most recent example, that can’t hire consultants quickly enough. If your skills are in high demand in the worldwide job market, then you’ll probably have an easier time getting hired by an international company regardless of your experience. Exceptions aside, if you want to work in an international company that 218 CHAPTER SEVEN will send you overseas, you increase your chances of success by having some overseas experience. Students and young professionals have many opportunities to do internships, volunteer abroad, participate in training programs, teach, or do other types of shortterm work. And that’s exactly what this chapter is about: showing you how to get basic experience to put you in a better position for a job overseas. Professionals or career changers who have been out of school for a while will find this catch-22 situation particularly difficult, especially if internships, volunteer programs, or teaching stints abroad are simply not options because you need to keep earning a salary to support yourself and your family.
These types of positions are generally offered to mid-level and higher management types, IT (information technology) or telecom wizards, and people with many years of international experience. If you don’t fall into one of these categories, you’re facing catch-22 #1 again. If you can’t find a company that is willing to send you abroad, here are a few alternatives to finding or creating international work. • Arrange a Work Permit through an Exchange Organization The easiest way for students, grads, and young professionals to get around the work permit issue, while simultaneously gaining that coveted first experience overseas, is to work, intern, volunteer, or teach through an organized workexchange program like the ones you’ll read about later in this chapter. Exchange organizations were created to facilitate academic and work exchanges across borders. Check out the following programs for more information: Council on International Educational Exchange (see page 232), BUNAC—British Universities North America Club (see page 231), and the Carl Duisberg Society (see page 234).
The Metropolitan Revolution: The Rise of Post-Urban America by Jon C. Teaford
anti-communist, big-box store, conceptual framework, desegregation, Detroit bankruptcy, East Village, edge city, estate planning, Golden Gate Park, Gunnar Myrdal, Haight Ashbury, housing crisis, illegal immigration, Jane Jacobs, Joan Didion, low skilled workers, manufacturing employment, Nelson Mandela, New Urbanism, plutocrats, Plutocrats, Potemkin village, rent control, Seaside, Florida, Silicon Valley, the built environment, The Death and Life of Great American Cities, upwardly mobile, urban planning, urban renewal, urban sprawl, Victor Gruen, War on Poverty, women in the workforce, young professional
Moreover, as residents of suburban municipalities, they did not share a common city government with the less affluent of the central city. And their businesses, jobs, and favorite stores were not in the central city. What happened in central-city government or schools did not personally affect them. The middle-class Americans who chose to avoid the suburban lifestyle and live in the central city were most often those least dependent on central-city government services. The back-to-the-city movement appealed to childless young professionals who did not suffer personally from the poor quality of inner-city public schools. Central cities attracted these young adults as well as gays and others who did not want to share the American “norm” along the suburban fringe. In other words, by the close of the twentieth century, American metropolitan areas had become spatially and culturally fragmented, with enclaves for the middle-class nuclear family of father, mother, and two children; with special communities for senior citizens, where those over sixty could be isolated from the more youthful; with gentrifying communities for young singles and gays; and with incipient hubs of gentrification inhabited by artists and others who liked to deem themselves bohemian.
In the two census tracts wholly within Queen Village, the proportion of the population that was black fell from 45 to 21 percent between 1970 and 1980; the share of adult residents with college degrees soared from 4 to 41 percent; and the number having professional or managerial occupations rose from 11 to 44 percent.13 In 1979 a resident of Queen Village described the transformation: “This used to be an old-fashioned neighborhood; now it’s a playground for professionals.”14 By 1980, Queen Village could boast of forty-three restaurants and bars catering to well-heeled Yuppies, twenty-two of these having opened in the short period between 1977 and 1979.15 The mecca for back-to-the-city Yuppies in Chicago was the Lincoln Park/Lake View East district. “Everywhere in the Lincoln Park/Lake View East area is evidence of a growing interest in rehabbing and revitalizing diverse housing stock that ranges from ornate, picturesque Victorian stone and frame houses to two-, three- and six-flats, to brownstones and graystones,” reported the Chicago Tribune in 1984. One of the commercial streets was “booming with shops catering to young professionals,” and “areas that once suffered from urban blight, poverty and gang troubles now see a lack of parking as a big headache.” Lincoln Park/Lake View East was the type of area where one could patronize gift shops with names like Pass The Salt & Pepper and enjoy the fare at Mama Desta Red Sea, Chicago’s first Ethiopian restaurant.16 By 1980, the median value of owner-occupied houses in Lincoln Park had risen to $123,700, as compared with the citywide median of $47,200.17 Typical of the residential offerings in the area was a complex of rental units “with hardwood floors, fireplaces, modern kitchens and exposed brick walls” that, according to a spokesperson for the owner, was on an “attractive tree-lined street near trendy boutiques and theaters.”
Lincoln Park/Lake View East was the type of area where one could patronize gift shops with names like Pass The Salt & Pepper and enjoy the fare at Mama Desta Red Sea, Chicago’s first Ethiopian restaurant.16 By 1980, the median value of owner-occupied houses in Lincoln Park had risen to $123,700, as compared with the citywide median of $47,200.17 Typical of the residential offerings in the area was a complex of rental units “with hardwood floors, fireplaces, modern kitchens and exposed brick walls” that, according to a spokesperson for the owner, was on an “attractive tree-lined street near trendy boutiques and theaters.” Recognizing the targeted market for her property, she concluded, “It’s a vibrant area for young professionals.”18 Across the country in one city after another, older neighborhoods were becoming trendy and attracting Yuppie dollars. Old Louisville was the principal example of gentrification and rehabilitation in Kentucky’s largest city. In 1970 all four of the district’s census tracts had median family incomes well below the citywide median; by 1980, the median family incomes in three of the four tracts had risen well above the citywide figure.19 In Saint Louis, the elegant nineteenth-century Lafayette Square neighbor-hood won acclaim for its successful rehabilitation.
House of Debt: How They (And You) Caused the Great Recession, and How We Can Prevent It From Happening Again by Atif Mian, Amir Sufi
"Robert Solow", Andrei Shleifer, asset-backed security, balance sheet recession, bank run, banking crisis, Ben Bernanke: helicopter money, break the buck, business cycle, Carmen Reinhart, collapse of Lehman Brothers, creative destruction, debt deflation, Edward Glaeser, en.wikipedia.org, financial innovation, full employment, high net worth, Home mortgage interest deduction, housing crisis, Joseph Schumpeter, Kenneth Rogoff, Kickstarter, liquidity trap, Long Term Capital Management, market bubble, Martin Wolf, money market fund, moral hazard, mortgage debt, negative equity, paradox of thrift, quantitative easing, Robert Shiller, Robert Shiller, school choice, shareholder value, the payments system, the scientific method, tulip mania, young professional, zero-sum game
Fiscal policy is an attempt to replicate debt restructuring, but it is particularly problematic in the United States, where government revenue is raised from taxing income, not wealth.20 The creditors whom the government should tax tend to be the wealthiest people in the economy, which is why they are able to lend to borrowers. But the wealthy do not necessarily have high incomes; similarly, those with high incomes are not necessarily wealthy. For example, a retired investment banker may have no income but high wealth, whereas a young professional couple may have high income but low wealth. Think of the young professional couple just starting their post–graduate school jobs. They have high income but almost no wealth. Their MPC out of income may be very high: they expect a steady stream of high income but need to make large capital investments upfront on things like furnishing their first apartment. Taxing them will hurt the economy. Also, by taxing income, the government distorts incentives for working, perhaps leading one of the professionals in the relationship to stay out of the labor force.
As long as he needs a car, a higher price of cars does not increase his wealth. He must “consume” a car, and such consumption is now more expensive. The exact same logic applies to housing. But we have already seen that home owners did in fact borrow aggressively during the 2002–2006 period.16 Why? One “rational” explanation that economists have put forward is the idea of borrowing constraints. Imagine a young professional couple with high income prospects. They have two young children at home, and as a result the mother has temporarily decided to stay home with the kids. However, she expects to go back to work in a few years and earn a high income. The household in our example temporarily has low income but expects much higher income in the future. This household does not want to cut their spending dramatically just because the mother has stopped working temporarily.
Bikenomics: How Bicycling Can Save the Economy (Bicycle) by Elly Blue
2013 Report for America's Infrastructure - American Society of Civil Engineers - 19 March 2013, active transport: walking or cycling, American Society of Civil Engineers: Report Card, big-box store, Boris Johnson, business cycle, car-free, hydraulic fracturing, if you build it, they will come, Induced demand, job automation, Loma Prieta earthquake, medical residency, oil shale / tar sands, peak oil, Ponzi scheme, ride hailing / ride sharing, science of happiness, the built environment, urban renewal, women in the workforce, working poor, young professional
Despite a long history of discrimination and unequal access, this has never been widely true, and today the barriers are coming down rapidly, thanks in part to the growing inclusivity of traditional bicycle advocates, but in much larger part to the efforts and leadership of a growing number of grassroots social and advocacy groups. Just like how neighborhoods where people of color live are often passed over by the type of infrastructure reforms that benefit the community, when those benefits do go in, they are all too often treated as development tools with the goal of raising property values and attracting young, professional newcomers to move in. As a result, longtime residents and renters often find themselves priced out of their own neighborhood—replaced by comparatively welloff white people. That this practice produces bitterness is understandable. That bicycling comes to represent it is a shame. In Portland, the divide is especially strong. Bike around town long enough and you’ll see an ethnically diverse mix of fellow riders, especially along the eastern and northern edges of town where our world-famous bike infrastructure makes only rare appearances.
In a car-oriented world, old age becomes a disability for many, long before it might in a more walkable neighborhood. The more car-reliant your daily life is, the lower the threshold becomes for frailness, injury, or failing eyesight to be experienced as outright disabling. In the next twenty years, the number of elderly people with drivers licenses in the U.S. is expected to triple. Many in the baby boomer generation are already opting to move back to the urban areas they fled as young professionals. As our population ages, the demand for real, safe, convenient alternatives to driving is only going to become more apparent, and expensive stop gap measures like transit shuttles are going to become less and less effective. The very young suffer as much in a car-oriented world as the very old. The history of our health is closely tied with the story and pace of sprawl development, and that is showing most clearly in younger generations.
“How about a dollar now?” Most narratives about the economic benefits of bicycling focus on the success stories of places like Magnolia Street in Fort Worth or Broad Avenue in Memphis. City planners, bike-friendly politicians, and bicycle advocates love to make the points that creating good bicycle access is a cost-effective way to improve certain types of retail earnings, attract creative young professionals, and raise property values in an urban business district. Plenty of business owners are realizing the very real benefits to integrating bicycling into their business, from encouraging employees to ride to welcoming bicycling clients to advocating for safe bike routes to their door. It’s tempting for cities to focus on the low hanging fruit, improving a few streetscapes while neglecting the urgent transporation needs of people living in outlying areas.
Who's Your City?: How the Creative Economy Is Making Where to Live the Most Important Decision of Your Life by Richard Florida
active measures, assortative mating, barriers to entry, big-box store, blue-collar work, borderless world, BRICs, business climate, Celebration, Florida, correlation coefficient, creative destruction, dark matter, David Brooks, David Ricardo: comparative advantage, deindustrialization, demographic transition, edge city, Edward Glaeser, epigenetics, extreme commuting, Geoffrey West, Santa Fe Institute, happiness index / gross national happiness, high net worth, income inequality, industrial cluster, invention of the telegraph, Jane Jacobs, job satisfaction, Joseph Schumpeter, knowledge economy, knowledge worker, low skilled workers, megacity, new economy, New Urbanism, Peter Calthorpe, place-making, post-work, Richard Florida, risk tolerance, Robert Gordon, Robert Shiller, Robert Shiller, Seaside, Florida, Silicon Valley, Silicon Valley startup, superstar cities, The Death and Life of Great American Cities, The Wealth of Nations by Adam Smith, Thomas L Friedman, urban planning, World Values Survey, young professional
Many prefer suburban life, though some will admit that they like older suburbs, which have many of the amenities typically found in cities. Older suburbs can appeal to young people for these reasons. Some are located on subway or mass transit lines that make commuting easier. All in all, they offer younger residents safety, amenities, and access to a mating market without some of the risks of living in the urban core. These types of neighborhoods also fit the needs of many young professionals in their thirties, whether single or coupled, many of whom have decided to remain in one place for a while. But for those whose income tempts them into high-end living—or for those who just want to live as if they had a lot of money (even if they don’t)—there is a pricier kind of city neighborhood: designer digs. These places feature upscale condos, renovated town houses, organic markets, posh grocery stores, and niche boutiques.
Now, more and more, we are segregating across virtually every economic and social dimension. It’s not just rampant gentrification and the “blanding” of our cities that worry me, it’s that the big sort is wreaking havoc on our social fabric, dividing and segregating societies across class lines. For every young person who moves into an urban mosaic or a hipster haven, it is likely that a lower-income family has been driven out. For every young professional who finds him- or herself living the good life in a designer digs community, many more lower- and working-class households struggle to find affordable rental housing that will allow them to raise their families and make ends meet. City neighborhoods are a perfect microcosm of the rooted versus mobile phenomenon. And its implications are starkest for low-income people. Many have argued that our society’s growing economic divide is not born out of outsourcing, immigration, or even wage gaps.
Free from the constraints of full-time jobs and full-time parenting, some even find themselves with the flexibility and means to divide their time among multiple places. After years of raising kids and taking care of large houses, an increasing share of this demographic is interested in downsizing and returning to the hustle and bustle of urban neighborhoods. “We don’t want to be slaves to our house forever,” is how one of my former Washington, D.C., neighbors put it. Many empty nesters find themselves drawn to the same neighborhoods that attract young professionals and many people in the gay community. One reason is the obvious: no kids. Another is a common preference for proximity and urban amenities. A growing number of empty nesters have become re-singled, and by joining communities where they can make friends and meet other unattached people, they are able to form their own version of midlife urban tribes. For many empty nesters and retirees, a key factor in their location choice—and in most everything they do—is proximity to their children and grandchildren.
The Messy Middle: Finding Your Way Through the Hardest and Most Crucial Part of Any Bold Venture by Scott Belsky
23andMe, 3D printing, Airbnb, Albert Einstein, Anne Wojcicki, augmented reality, autonomous vehicles, Ben Horowitz, bitcoin, blockchain, Chuck Templeton: OpenTable:, commoditize, correlation does not imply causation, cryptocurrency, delayed gratification, DevOps, Donald Trump, Elon Musk, endowment effect, hiring and firing, Inbox Zero, iterative process, Jeff Bezos, knowledge worker, Lean Startup, Lyft, Mark Zuckerberg, Marshall McLuhan, minimum viable product, move fast and break things, move fast and break things, NetJets, Network effects, new economy, old-boy network, pattern recognition, Paul Graham, ride hailing / ride sharing, Silicon Valley, slashdot, Snapchat, Steve Jobs, subscription business, TaskRabbit, the medium is the message, Travis Kalanick, Uber for X, uber lyft, Y Combinator, young professional
Or if your project has failed or you’ve been fired, how do you turn a new leaf? Before cofounding The Muse, a popular New York–based career website, Kathryn Minshew was fired from another company she had founded previously, Pretty Young Professionals. Working at McKinsey in 2010, Minshew and three colleagues, all young women, cofounded Pretty Young Professionals (PYP), a pink, stiletto-clad women’s networking site. In December 2010, Minshew became the first to quit McKinsey, agreeing to run PYP full-time as an unpaid CEO and editor in chief. Describing this decision in 2010, she told Forbes’s Peter Cohen, “There is huge potential in providing useful, empowering content to young professional women. Smart women have a dearth of smart content choices.” This mission acutely foreshadows The Muse, which now serves fifty million users, more than 65 percent of whom are women.
., 199–202 perseverance, persistence, 62, 79, 85 perspective, 40–42, 66, 74, 326 quitting and, 62–64 Photoshop, 10, 144, 159, 162, 185, 206–7, 238–39, 270, 347 Pine Street, 125 Pinterest, 10, 64, 86–87, 94, 112, 158–59, 165, 174, 204, 233, 248, 319 Pixar, 141 placebo, 59–61 planning, 93, 280–81 polarizing people, 114–15 PolitiFact, 303 positive feedback, and hard truths, 28–31 Post-it notes, 325 pragmatists, 295, 296 Prefer, 28, 298, 299 preparedness, 16 presenting ideas, vs. promoting, 164–65 press, 265–66, 336 Pretty Young Professionals (PYP), 72–73 Principles (Dalio), 306, 307 problem solving, 209 big vs. small problems, 180–82, 322 explicitness and, 173–74 process, 153–57 Proctor & Gamble, 143 product(s), 8, 29 brand fit and, 256, 257 complexity in, 209–10, 217 explicitness in, 174–75, 271 founder fit and, 256 life cycle of, 209–10, 217 market fit and, 256 minimum viable (MVP), 86, 186, 195, 252 paradox of success of, 216 power users of, 217 products used to create, 143–45 simplicity in, 209, 210–11, 216–18, 271 product, optimizing, 17, 209–75 anchoring to your customers, 247–75 being first, 264–66 disproportionate impact and, 267–68 empathy and humility before passion, 248–50 engaging the right customers at the right time, 251–54 and measuring each feature by its own measure, 269–70 mystery and engagement in, 271–73 narrative in, 255–57 and playing to the middle, 274–75 and role of leaders in communities, 258–61 sales and, 262–63 simplifying and iterating, 213–46 and believing in the product, 223–25 creativity and familiarity in, 226–27 and design as invisible, 230–31 doing, showing, and explaining, 238–39 “first mile” and, 232–34 identifying what you’re willing to be bad at, 214–15 inbred innovations and, 245–46 incrementalism and assumptions in, 242–44 killing your darlings, 219–22 for laziness, vanity, and selfishness, 235–37 making one subtraction for every addition, 216–18 novelty and utility in, 240–41 scrutiny and flaws in, 228–29 productivity, 179, 180–82, 187, 322, 324, 325 measures of, 78–79 performance and, 214 promoting ideas, vs. presenting, 164–65 promotions, 130 progress, 24–25, 31, 40, 47, 64, 75, 83, 85, 160, 179, 181, 349 conflict avoidance and, 185–86 process and, 154 progress bars, 181 prototypes and mock-ups, 161–63 Psychological Bulletin, 272 psychological safety, 122 Psychological Science, 272–73 psychology, 316, 317 Quartz, 37–38, 108, 301 questions, 69–71, 183–84, 321 Quiller-Couch, Arthur, 220 Quinn, Megan, 303–4 quitting, perspective and, 62–64 Quora, 138, 167 Rad, Sean, 259 Radcliffe, Jack, 197 Rams, Dieter, 230 reactionary workflow, 327, 328 Ready, The, 179 reality-distortion field, 41 Reboot, 327 Reddit, 261, 300, 302 rejection, 58 relatability, 57 relationships: commitments and, 283–84 and how others perceive you, 316–17 negotiation and, 286–87 REMIX, 165 resets, 63–64, 72–75 resistance, fighting, 35–36 resourcefulness, and resources, 100–102 reward system, short-circuiting, 24–27 Rhode Island School of Design, 186, 354 rhythm of making, 16 Ries, Eric, 194 risk, 122, 316, 337 ritual, 328 rock gardens, 67–68 routines, 323 ruckus, making, 337–38 Saatchi Online, 89 Sabbath Manifesto, 327–28 safety, psychological, 122 Sakurada, Isuzu, 361–62 salaries, 141–42 sales, salespeople, 262–63 Salesforce, 159, 204 Sandberg, Sheryl, 39 Santa Fe, USS, 167 satisficers, 229, 284–85 scalability, 242 Schouwenburg, Kegan, 50–51 Schwartz, Barry, 284–85 science vs. art of business, 310–13 Seinfeld, Jerry, 250 self, optimizing, 8, 17, 277–338 crafting business instincts, 293–313 auditing measures instead of blindly optimizing, 297–99 data vs. intuition in, 300–304 mining contradictory advice and developing intuition, 294–96 naivety and openness in, 308–9 science vs. art of business, 310–13 stress-testing opinions with truthfulness, 305–7 planning and making decisions, 279–92 focus and choice, 282–85 making a plan vs. sticking to it, 280–81 negotiation in, 286–87 sunk costs and, 291–92 timing and, 288–90 sharpening your edge, 315–28 building a network and increasing signal, 320–21 commitments and, 318–19 disconnecting, 326–28 and how you appear to others, 316–17 leaving margins for the unexpected, 324–25 values and time use, 322–23 staying permeable and relatable, 329–38 attention and, 335–36 credit-seeking and, 330–32 and making a ruckus, 337–38 removing yourself to allow for others’ ideas, 333–34 self-awareness, 54–56, 305–7 selfishness, laziness, and vanity, 235–37 setbacks, 41 70/20/10 model for leadership development, 125 Shapeways, 50 Shiva, 374 shortcuts, 85 signal and noise, 320–21 Silberman, Ben, 86–87, 94, 112, 165, 319 Silicon Valley, 86 Simon, Herbert, 229, 284 SimpleGeo, 267 Sinclair, Jake, 334 skills, and choosing commitments, 283–84 Skybox, 101 sky decks, 117 Slack, 139, 210, 241 Slashdot, 295 Smarter Faster Better (Duhigg), 180 Smith, Brad, 373 Snapchat, 70, 189, 210, 227, 249 Snowden, Eric, 48, 162 Social Capital, 107 social media, 70, 139, 195, 210, 235–36, 243 solar eclipse, 300–302 SOLS, 50–51 Song Exploder, 333 Sonnad, Nikhil, 301–2 Sonos, 275 Southwest Airlines, 214–15 Soyer, Emre, 32–33 SpaceX, 168 Spark, 303 speed, 194–98 Spiegel, Evan, 249 Spot, 256, 257 Square, 303–4 Squarespace, 312 Stafford, Tom, 291 stand-ins, 297–98 start, 1, 6–8, 13, 209, 331 Statue of Liberty, 200 Stein, Dave, 280 Steinberg, Jon, 44–45, 313 Stitch Fix, 79 story, see narrative and storytelling Stratechery, 135 strategy, patience and, 80–85 strengths, 29, 54, 95, 214 stretch assignments, 130 structure, rules for, 150–52 StumbleUpon, 112, 256 Stumbling on Happiness (Gilbert), 196 suffering, 35–36, 131 Summers, Larry, 108 sunk costs, 64, 71, 185, 291–92 Super Bowl, 273 superiority, sense of, 331–32 suspension of disbelief, 60–61 Suster, Mark, 204–5 Swarthmore College, 229 sweetgreen, 10, 151, 217, 221, 233, 245–46, 310 Systemized Intelligence Lab, 306 Systems Thinking, 283 Systrom, Kevin, 36 Taflinger, Richard, 38 talent, 119–25, 127, 187 Talk of the Nation, 196 TaskRabbit, 259 team, 39, 331, 332 energy and, 43–45 perspective and, 40–42 team, optimizing, 8, 17, 97–207, 211 building, hiring, and firing, 99–131 discussions and, 112–13 diversity in, 106–9 firing people to keep good people, 126–28 grafting and recruiting talent, 119–25 hiring people who have endured adversity, 110–11 immune system in, 116–18 initiative and experience in, 103–5 keeping people moving, 129–31 polarizing people and, 114–15 resourcefulness and resources in, 100–102 clearing the path to solutions, 177–207 big and small problems, 180–82 bureaucracy, 183–84 competitive energy, 187–91 conflict avoidance, 185–86 conviction vs. consensus, 203–5 creative block, 192–93 forgiveness vs. permission, 199–202 organization debt, 178–79 and resistance to change, 206–7 speed in, 194–98 culture, tools, and space, 133–48 attribution of credit, 146–48 free radicals and, 137–39 frugality and, 140–42 stories and, 134–36 tools, 143–45 structure and communication, 149–76 communication, 170–76 delegation, 166–69 merchandising, internal, 158–60 mock-ups for sharing vision, 161–63 presenting vs. promoting ideas, 164–65 process in, 153–57 rules in, 150–52 technology, 328, 371 TED, 62, 116, 305 teleportation, 70, 264 Temps, 201 10 Principles of Good Design (Rams), 230 Teran, Dan, 221 Tesla, 273 think blend, 33 Thomas, Frank, 222 Thompson, Ben, 135 Threadless, 267 time, use of, 210, 283, 299 leaving margins, 324–25 money and, 370–72 values and, 322–23 time-outs, 74 timing, 288–90, 332 decision making and, 289–90 investment and, 290 leader and, 288–89 Tinder, 259–60 Tiny, 294 Todd, Charlie, 113 Todoist, 229 tools, 143–45 Topick, 249 transparency, 259–60, 287 triggers, 55 Trump, Donald, 273, 302–3 truth(s), 71, 174, 193, 331, 338 creative block and, 192–93 hard, 28–31 stress-testing opinions with, 305–7 about time use, 323 Turn the Ship Around!
Palaces for the People: How Social Infrastructure Can Help Fight Inequality, Polarization, and the Decline of Civic Life by Eric Klinenberg
2013 Report for America's Infrastructure - American Society of Civil Engineers - 19 March 2013, American Society of Civil Engineers: Report Card, assortative mating, basic income, big-box store, Broken windows theory, carbon footprint, Cass Sunstein, clean water, deindustrialization, desegregation, Donald Trump, East Village, Filter Bubble, ghettoisation, helicopter parent, income inequality, informal economy, invisible hand, Jane Jacobs, John Snow's cholera map, late fees, Mark Zuckerberg, mass incarceration, Menlo Park, New Urbanism, Peter Thiel, Ray Oldenburg, Richard Florida, Ronald Reagan, Rosa Parks, shareholder value, Silicon Valley, smart grid, the built environment, The Death and Life of Great American Cities, The Great Good Place, the High Line, universal basic income, urban planning, young professional
The Seward Park Library, a stately red brick and limestone Italian Renaissance building at the edge of the nation’s first municipal playground, Seward Park, might look elite and exclusive. It’s a gorgeous structure, built from the opulence of a previous gilded age. But the library, which sits at the point of convergence for Chinatown, a mass of public housing projects, and a rapidly developing urban glamour zone for young professionals, has long been the heart of the Lower East Side community. Its doors are open to everyone, and everyone comes. For the past 170 years, the Lower East Side has been a popular neighborhood for poor immigrants, in part because its location, on low-lying land near the river, made it unattractive for those who could afford a nicer setting, but mostly because—to this day—it has thousands of apartment buildings where enormous numbers of people squeeze into units that look a lot like the tenements that zoning codes no longer allow.
The library itself, a regal, four-story structure with high arched windows and an imposing, rusticated limestone base, is at the northeast corner of the park, and there’s a large public space with long stone benches in front of the entrance. I arrived there a few minutes before 10 a.m., when the library opens, and found fourteen people scattered around the area, some hovering by the door or on the short stone staircase leading up to it, others standing on the asphalt below. There was a young professional couple: he held a paper coffee cup from the gourmet café across the street; she held two DVDs. There was an old Jewish woman, hair wrapped in a kerchief, carrying a small book bag and talking to a gray-haired man in jeans and a parka about Donald Trump. Two heavyset Latinas in their thirties or forties rested against the rail on the stairway, arms folded, occasionally reaching for a phone.
“I am embarrassed to say that I did not fully appreciate the very real and troubling issue of gentrification, and I want to sincerely apologize to those who understand firsthand the hardship and cultural consequences that gentrification has caused,” said Herbert in a Facebook post after the protests began. But this hardly satisfied his critics, who have continued pressing for their neighborhood to preserve places where everyone, not only affluent young professionals, feels at home. Residents of the Cabrini-Green housing projects in Chicago organized a similar protest movement in the late 1990s, when the city announced that it would soon demolish, privatize, and revitalize the public housing stock, and civic groups accused officials of pushing poor African Americans off what had become valuable urban real estate. As protesters marched in front of City Hall, developers built a shopping center with a Starbucks across the street from Cabrini.
Young Money: Inside the Hidden World of Wall Street's Post-Crash Recruits by Kevin Roose
activist fund / activist shareholder / activist investor, Basel III, cognitive dissonance, collateralized debt obligation, Credit Default Swap, credit default swaps / collateralized debt obligations, discounted cash flows, Donald Trump, East Village, eurozone crisis, fixed income, forward guidance, glass ceiling, Goldman Sachs: Vampire Squid, hedonic treadmill, jitney, knowledge worker, new economy, Occupy movement, plutocrats, Plutocrats, Robert Shiller, Robert Shiller, selection bias, shareholder value, side project, Silicon Valley, Skype, Steve Jobs, The Predators' Ball, too big to fail, urban planning, We are the 99%, young professional
After thousands of hours of preparation, dozens of interviews and expertly crafted e-mails, and one extremely lucky break, he had finally become a junior investment banker at a major Wall Street firm—the job he’d been chasing for years. Nine months earlier, Arjun’s plans had been derailed by the financial crisis. The Queens-born son of a data engineer father and a social worker mother who had both emigrated from India to New York as young professionals, he headed into the fall of his senior year with a prestigious job offer at one of the best banks on Wall Street: Lehman Brothers. Arjun felt lucky to have gotten Lehman’s attention in the first place. He attended Fordham University, a Jesuit school in the Bronx that, while strong academically, wasn’t among Wall Street’s so-called target schools, a group that generally included the Ivies, plus schools like Stanford, New York University, Duke, and the University of Chicago.
The trader, who had slicked-back hair, a shirt opened to midchest in order to allow his prodigious chest hair to topple out, and a pair of Gucci loafers on his feet, answered his own question: “It’s a bunch of gold diggers looking to take advantage of guys who are looking to take advantage of gold diggers.” He laughed. “It’s sort of perfect, huh?” This installment of Fashion Meets Finance, held after a yearlong break, had undergone a significant rebranding. Now, it was being billed as a charity event (proceeds were going to a nonprofit focused on Africa), and the cringe-worthy marketing slogans had been erased. Now, the financiers and fashionistas were joined by a smattering of young professionals from other industries: law, consulting, insurance, even a few female bankers. I met up with Beth Newill, a fashion marketer who started Fashion Meets Finance in 2007, and who said that the social and romantic appeal of finance jobs, while better than it was at the depths of the crisis, had still not attained its full pre-crash glory. “Back in the heyday, you could drop that bomb of, ‘I’m in finance,’ and women would be like—‘Golden ticket!’”
“I’ve heard people say The Social Network is the Wall Street of this generation,” Evan Korth, an NYU computer science professor, told the Wall Street Journal. Meanwhile, Wall Street banks were the opposite of sexy. They were laying off thousands of people, cutting back on salaries and bonuses, and nixing recruiting events for college students. And they were still unpopular as a result of the crisis. A 2011 survey conducted by the consulting firm Universum ranked Google, Apple, and Facebook as the most coveted workplaces in America among young professionals; JPMorgan Chase, the highest-ranking Wall Street bank on the survey, was forty-first. Given the choice between crunching Excel spreadsheets at a bank in a shrinking and reviled industry and working at a beloved tech company where they could wear jeans to work, get perks like free catered lunch and massages at work, and live on a much less demanding schedule while still making lucrative wages, many bank analysts were finding the balance tipping in Silicon Valley’s favor.
Democracy and Prosperity: Reinventing Capitalism Through a Turbulent Century by Torben Iversen, David Soskice
Andrei Shleifer, assortative mating, augmented reality, barriers to entry, Bretton Woods, business cycle, capital controls, Capital in the Twenty-First Century by Thomas Piketty, central bank independence, centre right, cleantech, cloud computing, collateralized debt obligation, collective bargaining, colonial rule, corporate governance, Credit Default Swap, credit default swaps / collateralized debt obligations, deindustrialization, deskilling, Donald Trump, first-past-the-post, full employment, Gini coefficient, hiring and firing, implied volatility, income inequality, industrial cluster, inflation targeting, invisible hand, knowledge economy, labor-force participation, liberal capitalism, low skilled workers, low-wage service sector, means of production, mittelstand, Network effects, New Economic Geography, new economy, New Urbanism, non-tariff barriers, Occupy movement, offshore financial centre, open borders, open economy, passive investing, precariat, race to the bottom, rent-seeking, RFID, road to serfdom, Robert Bork, Robert Gordon, Silicon Valley, smart cities, speech recognition, The Future of Employment, The Great Moderation, The Rise and Fall of American Growth, too big to fail, trade liberalization, union organizing, urban decay, Washington Consensus, winner-take-all economy, working-age population, World Values Survey, young professional, zero-sum game
It has notably led to the empowerment of women in a way unimaginable in the 1950s and 1960s, even less imaginable at any earlier stage in recorded history. In addition, more than half of young people (and a greater proportion of young women) now go through some form of higher education, contrasting to the elite-driven postwar world in which only a small minority went to university. And large successful growing cities attracting skill clusters and young professionals and innovative companies as well as high value-added services have reversed the suburbanization movement of earlier postwar decades (Glaeser, Kallal et al. 1992). But if this is a period of massive change it is also a period of massive dislocation. As we discussed in the previous chapter, it has generated major increases in income and wealth inequality, which marks an unwinding, and then a reversal, of the movement toward equality of the postwar decades (Atkinson and Piketty 2011).
Thus there was no private market for developing rapid mass transport systems. For the private sector, therefore, rate of return calculations would have shown a very low rate of return on such projects. Public actors could have stepped in to push for rapid mass transport systems to link agglomerative cities to peripheral areas, but this only happened to a limited extent, although there is considerable cross-national variation. In general, young professionals and public authorities have strong reasons for promoting gentrification, because it typically involves many young graduates simultaneously, and thus presents much less of a collective action problem than might be remotely involved in developing a commuter community in a peripheral area without mass transport. And, from the perspective of public authorities, it is both a cheaper option than commuter communities and much less risky.
Riding the vision and the deep art-world connections of local businessman Frank Panduro, a progress-minded city government upgraded its museums, opened a new theatre, developed a vibrant music scene that brought a “who’s who” of the biggest names in rock and roll to give concerts, and turned its main street into an attractive pedestrian area for shopping and dining. With frequent train service to Aarhus and next to an expressway, commuting to Aarhus takes about half an hour by car or train. This combination of easy transit and a lively cultural scene, as well as affordable, family-friendly housing, convinced many young professionals with families working in Aarhus to reside in Horsens. There are still many older middle-class residents with roots in the industrial economy who feel they have lost out, but by investing heavily in culture Horsens has attracted a commuter network of well-educated professionals who are integrated in a regional knowledge cluster (which increasingly includes the town itself), pointing to a brighter future.
Lonely Planet Pocket Barcelona by Lonely Planet, Anthony Ham
Start with the sautéed frogs’ legs or escalivada (baked vegetables with anchovies) and move on to a range of meat and seafood mains; we liked the monkfish and crayfish in a romesco sauce. You’ll hear a lot of Catalan here – a good sign. (Carrer d’En Gignàs 16; meals €30-40; lunch & dinner Tue-Sat, lunch Sun Sep-Jul; Jaume I) 8 Pla Fusion €€ Offline map Google map The most chic choice in the Gothic quarter, Pla is a popular dining destination for young professionals. Chef Sergio Sánchez serves up wonderful dishes that, when we visited, included braised lamb in its own juice, light white-bean purée, glazed potatoes and leeks with a touch of thyme. The focus is modern Mediterranean, all served beneath a splendid medieval stone arch. (www.elpla.cat; Carrer de la Bellafila 5; meals €45-50; dinner; Jaume I) Understand Growth of a City The Romans were, in the 1st century BC, the first to build a lasting settlement on the plain where Barcelona now sprawls.
Take a Break For market-fresh food and some of the market’s best cooking, pull up a stool at El Quim. To soak up the clamour from a front-row vantage point, stop by Bar Pinotxo (Click here ). Local Life Revelling in El Raval El Raval is a neighbourhood whose contradictory impulses are legion. This journey through the local life of the barrio takes you from haunts beloved by the savvy young professionals moving into the area to gritty streetscapes and one-time slums frequented by Barcelona’s immigrants and street-walkers. En route, we stop at places that, unlike the rest of the neighbourhood, haven’t changed in decades. A Neighbourhood Square For a slice of local life, the Plaça de Vincenç Martorell is difficult to beat. It’s where the locals come to play with their kids or read the newspapers over a coffee or wine at Bar Kasparo (Plaça de Vicenç Martorell 4; 9am-10pm; Catalunya) .
Ground Control: Fear and Happiness in the Twenty First Century City by Anna Minton
Albert Einstein, Berlin Wall, Big bang: deregulation of the City of London, Boris Johnson, Broken windows theory, call centre, crack epidemic, credit crunch, deindustrialization, East Village, energy security, Francis Fukuyama: the end of history, ghettoisation, hiring and firing, housing crisis, illegal immigration, invisible hand, Jane Jacobs, Jaron Lanier, Kickstarter, moral panic, new economy, New Urbanism, race to the bottom, rent control, Richard Florida, Right to Buy, Silicon Valley, Steven Pinker, the built environment, The Death and Life of Great American Cities, The Spirit Level, trickle-down economics, University of East Anglia, urban decay, urban renewal, white flight, white picket fence, World Values Survey, young professional
‘We know there’s a market – lots of people have tried to buy homes, but they’ve been knocked back.’ To prove it, Nina put an ad in the free property magazine You Move, advertising an 1880s’ home in the area, with five bedrooms and two reception rooms, complete with a picture of her house. More than 100 people replied. ‘They were really angry,’ she said, referring to the council and New Heartlands, the Pathfinder organization. ‘It freaked them out that loads of young professionals and creatives were living here already.’ Instead Nina emphasizes that it is precisely because the area is attractive that it has been targeted. ‘The demolition zone is around the corner from the main boulevard into town and we have an amazing amenity in Joseph Paxton’s Princes Park, which is next to Sefton Park,’ she said. The story of a market cycle, where Pathfinder deliberately runs places down by leaving properties empty and allowing them to fall into dereliction, is heard again and again across all the Pathfinder areas.
In the mid 1990s a new form of mortgage finance, the ‘buy-to-let’ mortgage, was introduced. This was aimed specifically at investors who wanted to buy properties for the purpose of renting them out. The result today is that ‘buy-to-let’ makes up nearly a third of the private rented sector. In a typical blurring of terms, when the government talks of the private rented sector, they rarely distinguish between homes let to young professionals in their twenties, whose lifestyles are well suited to short-term renting, and the phenomenon of providing public housing through this market, which has come about because of the lack of social housing. It is left to the housing experts who actually work at the sharp end, like Lord Best and John Sim at St Helen’s, to point out that the people who are profiting the most from these changes are the landlords.
This cultural issue is at least as important as the question of how the new homes Britain needs will be provided. We must move beyond the idea that the only possible foundation for housing policy is the expansion of home ownership. The best way of doing this would be to open up other alternatives, including public housing and cooperative housing, to everybody suffering from the housing crisis, from teachers and nurses to young professionals, as well as those on low incomes. It goes without saying that people on low incomes would remain the majority in public housing, but bringing in a broad range of others would do a lot to improve its social standing. It is likely that much of the new housing lying empty, particularly in regeneration areas in the north, will be bought by housing associations, bringing new opportunities to increase the amount of social housing.
Social Class in the 21st Century by Mike Savage
call centre, Capital in the Twenty-First Century by Thomas Piketty, Clapham omnibus, Corn Laws, deindustrialization, deskilling, Downton Abbey, financial independence, gender pay gap, Gini coefficient, income inequality, liberal capitalism, Mark Zuckerberg, megacity, moral panic, New Urbanism, Occupy movement, old-boy network, precariat, psychological pricing, Sloane Ranger, The Spirit Level, unpaid internship, upwardly mobile, very high income, winner-take-all economy, young professional
They might vaguely recall someone who was at a boarding school or at Oxford with them, or someone they meet in their West End club, and such contacts can be mobilized to provide information or assistance when needed. Indeed, one might even think of the entire aristocracy of past centuries being a kind of association of weak ties, in that within it everyone would know many people with titles, if only by repute. In the age of social media weak-ties networking is now much more common throughout the social structure. Many young professionals engage in a form of ‘network sociality’ as part of their job in which their portfolio of contacts from different walks of life is a key resource in their jobs. If this is true, then perhaps social capital has become more diffuse and been democratized across the social spectrum. Perhaps people of all walks of life know a range of other kinds of people these days. The GBCS is the first survey to analyse this issue in depth, using the most sophisticated version of the Lin Position Generator, which has become a widely used method for assessing the extent and range of people’s social networks.
However, if you are equally well-off, but come from a working class background, then the ratio falls to under four to one (you have a 75 per cent chance of knowing a CEO, but only a 21 per cent chance of knowing a factory worker). Our final theme – age – is an important one. We have seen how economic capital is strongly skewed towards older people, whilst cultural capital is differentiated between a (socially more legitimate) highbrow form which is oriented towards older people, and an upstart emerging cultural capital which young professionals are more likely to possess. Social capital is rather less affected by age (see Figure 4.6), except for the older groups (over seventy years of age), in which the number of contacts become much lower (probably because people over seventy mainly mix with retired people). This having been said, there is a tendency for GBCS respondents to know more people in the elite and professional occupations as they get older, presumably because they are more likely to be in that group themselves and hence mix with people like them.
While Didsbury and Cheadle constitute solidly middle class suburbs and have had high status for many decades, Chorlton has undergone massive gentrification, which has seen it transformed from a predominantly working class area with a sizeable Irish migrant population in the 1960s to its current bohemian social formation of coffee shops and pricey restaurants.15 It is interesting to note the emergence of a new centre of gentrification around multi-cultural Levenshulme, immediately to the east of the eschewed Moss Side. This is another area of modest Victorian terraces and larger Edwardian semis, traditionally a working class area, but it is now in a similar process of class transition as young professionals with families who cannot afford the cost of housing in established areas like Chorlton move in. However, secondly, what is of particular interest is the distinctive zone of elite concentration focused squarely on the city centre and on the city’s ‘Northern Quarter’, which has been mooted by the city council as an alternative cultural neighbourhood, with an ever-increasing concentration of trendy bars and vintage-clothing shops.
The Post-American World: Release 2.0 by Fareed Zakaria
affirmative action, agricultural Revolution, airport security, anti-communist, Asian financial crisis, battle of ideas, Berlin Wall, Bretton Woods, BRICs, British Empire, call centre, capital controls, central bank independence, centre right, collapse of Lehman Brothers, conceptual framework, Credit Default Swap, currency manipulation / currency intervention, delayed gratification, Deng Xiaoping, double entry bookkeeping, failed state, Fall of the Berlin Wall, financial innovation, global reserve currency, global supply chain, illegal immigration, interest rate derivative, Intergovernmental Panel on Climate Change (IPCC), knowledge economy, Mahatma Gandhi, Martin Wolf, mutually assured destruction, new economy, oil shock, open economy, out of africa, Parag Khanna, postindustrial economy, purchasing power parity, race to the bottom, reserve currency, Ronald Reagan, Silicon Valley, Silicon Valley startup, South China Sea, Steven Pinker, The Great Moderation, Thomas L Friedman, Thomas Malthus, trade route, Washington Consensus, working-age population, young professional, zero-sum game
And once you get beyond the IITs and other such elite academies—which graduate under ten thousand students a year—the quality of higher education in China and India remains extremely poor, which is why so many students leave those countries to get trained abroad. The data affirm these anecdotal impressions. In 2005, the McKinsey Global Institute did a study of “the emerging global labor market” and found that a sample of twenty-eight low-wage countries had approximately 33 million young professionals* at their disposal, compared with just 15 million in a sample of eight higher-wage nations (the United States, United Kingdom, Germany, Japan, Australia, Canada, Ireland, and South Korea).15 But how many of these young professionals in low-wage countries had the skills necessary to compete in a global marketplace? “Only a fraction of potential job candidates could successfully work at a foreign company,” the study reported, pointing to several explanations, chiefly poor educational quality. In both India and China, it noted, beyond the small number of top-tier academies, the quality and quantity of education is low.
Europe has a larger share of the world’s private biotech companies, representing 42 percent of the total (compared with 31 percent in America). The United States, by contrast, is home to a greater share of public biotech companies (50 percent versus Europe’s 18 percent), perhaps indicating the greater maturity of the U.S. market. * MGI’s figure includes graduates trained in engineering, finance and accounting, life science research, and “professional generalists,” such as call center operatives. Young professionals are defined as graduates with up to seven years of experience. * The right-wing attack on American universities as being out-of-touch ivory towers has always puzzled me. In a highly competitive global environment, these institutions dominate the field. * Birthrates in China could be underreported owing to the government’s one-child policy. However, the demographic consensus holds that the total fertility rate has been below replacement level in China for fifteen years or more
Better Buses, Better Cities by Steven Higashide
Affordable Care Act / Obamacare, autonomous vehicles, business process, congestion charging, decarbonisation, Elon Musk, Hyperloop, income inequality, intermodal, jitney, Lyft, mass incarceration, Pareto efficiency, performance metric, place-making, self-driving car, Silicon Valley, six sigma, smart cities, transportation-network company, Uber and Lyft, Uber for X, uber lyft, urban planning, urban sprawl, walkable city, white flight, young professional
Knowing that the decision to put the transit plan on the ballot could occur later that year, IndyGo and the region’s metropolitan planning organization ran a blitz of public outreach sessions to educate residents on how the bus network would expand if the county were to raise revenue for transit. Agency staff organized or attended twenty-five meetings over the course of 10 weeks in February, March, and April. These included open houses at neighborhood libraries and affordable housing complexes, neighborhood association meetings, young-professional dinners, and even a downtown salon called “tech + fashion + transit + urban.”10 Although these sessions were nonpolitical, the agencies could present statistics that showed how far behind on the transit scoreboard Indianapolis was. Although it was the 33rd largest region in America, Indianapolis was 86th in transit investment per capita. But an expanded bus network could give a majority of low-income households access to frequent transit.11 IndyGo also had a secret weapon: Fisher, who had been named to the agency’s board in late 2014.
Whereas IndyGo staff were restricted to giving neutral presentations, Fisher was often present to follow up and offer his personal opinion as a board member—which was that expanded bus service made sense. Once the City–County Council voted in May 2016 to put the measure on the November ballot, campaign efforts sprang into action. The Indy Chamber assembled a “grasstops” coalition, Transit Drives Indy, that represented many of the region’s growth-focused leaders, including MIBOR, the regional realtors’ association; IndyHub, a young professionals’ organization; the state AARP chapter; the Indiana Urban League; and the Indiana Latino Institute. Together, they raised $500,000 to fund polling and voter modeling, direct mail, social media advertising, and other voter engagement efforts. Their polling found that accessibility resonated with Marion County voters. “From our earliest poll to our last poll, the message that resonated across demographic groups was, ‘Transit is an investment in providing better access to jobs, education and health care,’” Fisher said.
China's Future by David Shambaugh
Berlin Wall, capital controls, demographic dividend, demographic transition, Deng Xiaoping, facts on the ground, financial intermediation, financial repression, Gini coefficient, high net worth, Kickstarter, knowledge economy, low skilled workers, market bubble, megacity, Mikhail Gorbachev, New Urbanism, offshore financial centre, open economy, Pearl River Delta, rent-seeking, secular stagnation, short selling, South China Sea, special drawing rights, too big to fail, urban planning, Washington Consensus, working-age population, young professional
While the data on increased total consumption spending has been very positive over the past several years (averaging between 50 and 55 percent of GDP growth from 2011 to 2014), lowered GDP growth will definitely have an impact on disposable income (which only grew at single digits in 2014 after double-digit growth the previous decade). Some analysts foresee consumption expenditures slowing considerably as consumer confidence dips—especially for young professionals—while others point to the huge pent-up savings that could be unleashed.36 Government procurement, which is also counted as part of total consumption spending, may also contract. Even if it slows overall, consumption spending is now a main driver of economic growth. China has the world’s highest household savings rate of 51 percent, which, if spent, could power the economy indefinitely. Yet the potential remains unrealized because Chinese consumers hedge against uncertainties of the future.
Granted, my sense is not based on large-N, multi-year and multi-local surveys; it is based on old-fashioned observations and conversations. I sense a high degree of widespread frustration across social classes and over a variety of social issues. Members of every sector of society with whom I spoke across eleven provinces during a year of living in China (2009–2010) evinced relative frustration: intellectuals, workers, farmers, youth, young professionals, minorities, migrants, some businessmen, even Party members and officials. While the incomes and opportunities for these groups have all improved substantially over time, it is a question—at noted at the outset of the chapter—of the revolution of rising expectations. With the slowdown in the economy, which (we noted in the previous chapter) is likely to continue and even deepen over the coming decade, people’s opportunities will also (relatively) shrink.
Cultureshock Paris by Cultureshock Staff
Some established artisans and furniture makers still inhabit the cours (courtyards) and passages on the sides of the picturesque, vibrant rue du Faubourg Saint-Antoine, but others are slowly disappearing as redevelopment raises rents and forces them out. Replacing them are bistros, cafés and shops that draw the crowds, as well as new businesses, galleries and the consulting and high-tech firms that are drawing young professionals. The major streets of rue de Charonne and rue de la Roquette are connected by the popular cobblestone rue de Lappe (once known for prostitutes and pimps), rue des Taillandiers and rue Keller, a centre for the gay community. Old warehouses converted into lofts, restored buildings and new apartment blocks make for an eclectic mix. There is an interesting market and a park-like setting on the wide boulevard Richard Lenoir.
Just a few streets away however, the bustling crowds and exotic aromas of Place d’Aligre take hold. The covered Marché Beauvau gives over to an inexpensive, international extravaganza that spills out into rue d’Aligre and down to rue de Charenton. 40 CultureShock! Paris Owing to its proximity to Gare de Lyon, which opened Paris to southern Europe and then to Africa, this has long been a varied area, changing once again with the influx of young, professional Parisians. Although housing blocks intrude on the otherwise low-rise residential quartier, the neighbourhood spirit persists. Almost a secret in the eastern area of the arrondissement is the Allée Vivaldi, a hidden greensward surrounded by modern offices and residences. Across an arched footbridge, the open Jardin de Reuilly has gardens, playgrounds filled with children and a grassy expanse; it too is surrounded by pleasant, unobtrusive, modern housing.
But they also live in a time when half of the marriages in France end in divorce and where their friends often don’t choose the option of marriage at all. Abortion is legal. Real estate prices are high and jobs are scarce. They know that the political and economic realities of the uncertain 21st century influence their futures. Competition is fierce, so they must pay attention and learn. Some of these people are ambitious young professionals who may well, eventually, bring about change to the hierarchical, top-down structure of French society. And others, even young shopkeepers and clerks, will perhaps start businesses of their own that cater to the needs of future generations, broadening the definition of what it is to be both modern and French. As for their parents, they perpetuate the stereotype that, while knowing it is necesary, the French don’t like change.
The Human City: Urbanism for the Rest of Us by Joel Kotkin
autonomous vehicles, blue-collar work, British Empire, carbon footprint, Celebration, Florida, citizen journalism, colonial rule, crony capitalism, deindustrialization, Deng Xiaoping, Downton Abbey, edge city, Edward Glaeser, financial independence, Frank Gehry, Gini coefficient, Google bus, housing crisis, illegal immigration, income inequality, informal economy, Jane Jacobs, labor-force participation, land reform, life extension, market bubble, mass immigration, McMansion, megacity, new economy, New Urbanism, Own Your Own Home, peak oil, pensions crisis, Peter Calthorpe, post-industrial society, RAND corporation, Richard Florida, rising living standards, Ronald Reagan, Seaside, Florida, self-driving car, Shenzhen was a fishing village, Silicon Valley, starchitect, Stewart Brand, Ted Nelson, the built environment, trade route, transit-oriented development, upwardly mobile, urban planning, urban renewal, urban sprawl, Victor Gruen, Whole Earth Catalog, women in the workforce, young professional
In contrast, today’s post-familialism has developed at a time of relative peace and prosperity in most high-income countries. This suggests that these trends are very powerful and not easily reversed, even by economic prosperity. In his provocative 2012 book Going Solo, Eric Klinenberg points out that for “hip” urban professionals, living alone represents not only a way to cope with higher prices, particularly for housing, but also a “more desirable state.” For young professionals, Klinenberg suggests, living alone in the city constitutes “a sign of success and a mark of distinction, a way to gain freedom and experience the anonymity that can make city life so exhilarating . . . it’s a way to reassert control over your life.”94 CHANGING SEXUAL MORES Klinenberg states that this opportunity for freedom and control is particularly true for educated single women, who are more numerous than their male counterparts in the elite core areas of New York, Los Angeles, San Francisco, and Boston, particularly as they age into their 30s and 40s.95 These same well-educated women, according to studies in both Germany and the Netherlands, are most likely to resist marriage and, particularly, childbearing.96 One reason is changing sexual mores.
To him, the 2,500-square-foot (232-square-meter) home in the suburbs represents both an environmental disaster and a threat to the affordability of small residences for “singletons.”115 Nothing better illustrates the shift in the built environment of a post-familial society than the proliferation of plans for the construction of “micro-apartments” in cities like Singapore, Shanghai, Tokyo, New York, Seattle, and San Francisco. These residences of less than 300 square feet (28 square meters) would make even a two-bedroom co-op in Brooklyn, not to mention a single-family house like that of my Flatbush ancestors, seem like the Ponderosa Ranch and obviously are intended to house single young professionals; it is inconceivable for middle- or even working-class families to inhabit such spaces.116 PRICING OUT FAMILIES As previously mentioned, middle-income housing affordability constitutes a huge constraint on family formation in many cities. High housing prices place particular burdens on young people interested in starting families. Being in the early years of their earning capacity, young households often can only afford to buy entry-level housing or may have to rent.
THE MILLENNIAL CITY The urban future will be shaped, and rightfully so, by the rising millennial generation, born after 1983, who number over 1.7 billion worldwide.8 In the United States, millennials are the largest cohort in the country and by 2020, they will constitute one-third of the adult population.9 In the next five years, this generation will spend more on a per-household basis than any other generation, including an estimated $2 trillion on rent and home purchases combined.10 Some believe that most millennials will adopt urban life and put an effective end to the decades-long process of suburbanization.11 Urban theorist Peter Katz, for example, suggests that millennials have little interest in “returning to the cul-de-sacs of their teenage years.”12 We are entering a new era, one planner predicts, where the move to suburbia ends as “young professionals and empty nesters” pay a premium to crowd into the inner city.13 Do millennials actually “hate the burbs” so much, as one Fortune editor confidently claimed, that they will choose to remain in the core city as they reach their 30s and beyond?14 This seems unlikely. For one thing, most young Americans lack, if not the inclination, the resources to reside comfortably in pricey places like Brooklyn or San Francisco.
Me! Me! Me! by Daniel Ruiz Tizon
I myself have lived in a flat that I remembered visiting when it was just one house belonging to an old classmate. They were a close knit, boisterous Irish family – Clapham in southwest London had a big Irish community in the 70s and 80s – and it was a busy, happy home I loved visiting as a schoolkid. To live there two decades later and hear the doors to six studio flats that had once been home to my old friend and his family being slammed at all hours as young professionals stumbled in from boozy nights out, was both strange and sad. Living in this and other tiny places, my small living spaces embarrassed me. They were spaces that even the Sylvanian Family would’ve deemed to be tight squeezes. I knew to live in a place where a bedroom, front room and kitchen were all thrown into one ‘living area’ would be difficult for friends to get their heads around when they visited.
Less than two hours into my new brace life, I found myself having to talk to these neighbours, grateful for the fact the council had still failed to fix the street lamp outside the building. It really cheesed me off that having never engaged with any neighbours during my time living there, I get a brace, and BOOM, within the hour, was part of some community. I felt like I was learning to speak all over again. One neighbour, a young professional woman still in ‘Business Dress’, seemed to quickly conclude that I had some sort of disability after she’d asked me if I had the number to the building emergency call out people. I had yet to complete my response when she put a hand on my arm as if to say, “Don’t worry,” and shot her flatmate a “This guy’s not going to be able to help us” look. It was at least an hour before the emergency locksmith came out.
Little Hands Clapping by Dan Rhodes
His wife, Ute, had indeed been extraordinarily beautiful, but his new neighbours were not to know that she had also been wayward, devious, scheming and, when it suited her, shrill. Nor were they to know that there had been a coldness to her beauty, her lips always on the verge of turning thin and her blue eyes quick to narrow into slits. Her mother had not been blind to her daughter’s ways, and had often found herself suggesting that she stop all her nonsense, find a promising young professional and settle down. One day the girl surprised her by seeming to do just that. The conventionally good-looking son of a nearby family was in the final stages of studying medicine, and hearing he was back for a few days, Ute had feigned a dizzy spell and requested a visit from him. The consultation took place in her bedroom, and the moment he walked in she let her white silk robe fall to the floor.
He had always had a sense that he had been looking for something, and he had found it right there in the soft lips that no longer brushed against his but devoured them, and in the smooth back that undulated beneath the touch of his fingers, and when they finally disengaged from their kiss it was there in the face that looked up at him, a face so immaculate that for a moment he thought nature unkind for not having made all women as perfect as the one in his arms. Her fingers moved down to his belt buckle, and three months later her mother stood in church and looked on as her nineteen-year-old daughter exchanged vows with this handsome and promising young professional. She wanted to be happy for them, but no matter how hard she tried, it wasn’t possible. She had only ever seen her child look so demure when she had been up to something, and the joy and relief she should have felt was eclipsed by worry for her new son-in-law, and a creeping sense of guilt for having wished this terrible fate upon him. Ute’s mother’s fears had not been misplaced. As the honeymooners paddled at sunset in the Mediterranean Sea, the bride told her husband that she had only married him to get back at her much older lover for refusing to leave his wife.
Journeyman: One Man's Odyssey Through the Lower Leagues of English Football by Ben Smith
However, these were only half of our responsibilities. Every player was in charge of looking after three professional players’ match day and training boots. The players who had the dubious honour of me cleaning their boots were David Seaman (at that time the England national team goalkeeper), Ian Selley (who I thought was a brilliant central midfield player before his top-level career was ended prematurely by injury) and Matthew Rose (a young professional who went on to have a good career with the likes of Queens Park Rangers). The best memory I have of Rose is that he had a very attractive girlfriend! Now I say it was a dubious honour mainly because I took no pride in cleaning my own boots, let alone anyone else’s (even if they were a current England international!). I have been criticised throughout my career for having dreadfully dirty boots – often having it cited as a lack of professionalism.
Terry Bullivant brought Alan Harris, brother of the infamous Ron ‘Chopper’ Harris, as his assistant, plus the recently retired Alan Pardew became reserve-team manager. With me being one of the youngest members of the professional players I was very much at the bottom of the food chain and so I spent much of my time with Pards. The job of a reserve-team manager seems a strange one to me. You have an eclectic mix of players and personalities: from the eager to the not-quite-so-eager young professionals like me; from the out-of-favour established first-team players to players coming back from injury; plus the experienced older players whose careers are winding down. All have to be treated and motivated in different ways. The reserve-team manager may often not have a clue until about an hour before training who or how many players he will have for his session. One day they could have twelve; the next only four; or halfway through a session, the first-team manager could come over and say he needs to take three of the players.
The club wouldn’t sign both of us, I was certain of that. The week dragged on and still nothing was mentioned regarding a contract. I persevered, but at the end of the week we had another friendly away to Weston-super-Mare that confirmed the inevitable. Martin played what was clearly his main team in the first half and I was not in it. To top it off, I came on in the second half with all the young professionals plus a lad who had won a competition! The lad tried his best but how was I supposed to impress when trying to anticipate Joe Bloggs’s runs? I’d had enough and went to see Martin straight after the game. He gave me the stock answer of money being tight and said he wouldn’t be able to offer me anything. If I’m being really honest, I didn’t do enough to impress him – but it would’ve been nice to get an opportunity to play with the senior players.
The End of the Suburbs: Where the American Dream Is Moving by Leigh Gallagher
Airbnb, big-box store, Burning Man, call centre, car-free, Celebration, Florida, clean water, collaborative consumption, Columbine, commoditize, crack epidemic, East Village, edge city, Edward Glaeser, extreme commuting, helicopter parent, Home mortgage interest deduction, housing crisis, Jane Jacobs, Kickstarter, low skilled workers, Mark Zuckerberg, McMansion, Menlo Park, mortgage tax deduction, negative equity, New Urbanism, peak oil, Peter Calthorpe, Ponzi scheme, Richard Florida, Robert Shiller, Robert Shiller, Sand Hill Road, Seaside, Florida, Silicon Valley, Steve Jobs, Stewart Brand, the built environment, The Death and Life of Great American Cities, Tony Hsieh, transit-oriented development, upwardly mobile, urban planning, urban sprawl, Victor Gruen, walkable city, white flight, white picket fence, young professional, Zipcar
“After you build fifteen hundred of those things, it’s not fun anymore—and there I was, literally, trapped in my car,” he says. He went out and bought Duany’s book and a few months later quit his job. “I basically walked in one day and said, ‘Here’s my phone, here’s my pager, here are my keys,’ and just walked away,” he says. He has been working on urban redevelopment projects ever since; most recently, he’s transformed the neglected East Passyunk area into a thriving district populated by young professionals and drawing some of the city’s hottest restaurants. It is Duany, in fact, who I am awaiting, along with my fellow congress attendees, in room 1E in West Palm Beach. He’s running late, and the conference organizers are radioing one another on their headsets. “Has anyone seen Andres?” “Is he here yet?” After ten or fifteen minutes, he arrives, breezing in calm, cool, and debonair in Nantucket reds and a navy blazer.
Nearby, Fourteenth and U Streets, the very corner where riots erupted in 1968 after the assassination of Martin Luther King Jr., is now one of the chicest strips in the city, with coffee shops, restaurants, independent fashion boutiques, and a thirty-three-thousand-square-foot Room and Board store. When it was mulling locations, the seller of upscale, stylish modern furniture analyzed zip codes to identify where the majority of its wealthy young professional customers were; Fourteenth and U showed up as the epicenter. Developers have turned many of these neighborhoods into some of the most desirable new enclaves in town. In St. Louis, an old abandoned shoe-manufacturing warehouse is being turned into luxury loft apartments. In Denver, the trendy Lower Downtown, “LoDo,” neighborhood has emerged amid what was once a red-light district. In Boston, a West Coast development firm is building a twenty-story residential tower in Fort Point, the former industrial district that was the setting for much of the Martin Scorsese movie The Departed.
Uncanny Valley: A Memoir by Anna Wiener
autonomous vehicles, back-to-the-land, basic income, blockchain, Burning Man, call centre, charter city, cloud computing, cognitive bias, cognitive dissonance, commoditize, crowdsourcing, cryptocurrency, Extropian, future of work, Golden Gate Park, housing crisis, Jane Jacobs, job automation, knowledge worker, Lean Startup, means of production, medical residency, new economy, New Urbanism, passive income, pull request, rent control, ride hailing / ride sharing, Sand Hill Road, self-driving car, sharing economy, side project, Silicon Valley, Silicon Valley startup, social web, South of Market, San Francisco, special economic zone, technoutopianism, telepresence, telepresence robot, union organizing, universal basic income, unpaid internship, urban planning, urban renewal, women in the workforce, Y2K, young professional
The e-book startup’s cofounders had been adamant that customer support was a temporary state. If I hustled, all three of them agreed, I would quickly find myself in a more interesting, autonomous, impressive role. I didn’t know that in tech, qualifications—at least the traditional ones, like advanced degrees or experience—were irrelevant when superseded by cheerful determination. I was still behaving like a young professional in a world where dues-paying mattered. In an effort to hype myself up, I developed the theory, however flimsy, that analytics was a natural extension of my liberal arts education. The e-book startup had used the analytics software to track our alpha users through the app, and I had enjoyed looking at some of the data: what our investors were reading, and abandoning; whether or not people read public-domain books with cover art designed by the CPO, which we had added to bolster the library.
In a city where bars and coffee shops and parties were trade-secret word clouds, this was a regionally specific litmus test. But even when we were blindingly drunk, or sliding around the Hirst shower, Ian kept company secrets. It was easy to trust him. * * * In late fall, Ian brought me to a party at the offices of a clandestine hardware startup operating out of an ivy-clad brick warehouse in Berkeley. Drones buzzed over a crowd of young professionals wearing sensible footwear and fleece vests. A child scuttled underfoot. I felt overdressed in a publishing-era silk blouse. After making the rounds, Ian disappeared with a coworker to investigate a prototype line of self-assembling modular furniture, leaving me in a circle with a half dozen other roboticists. I sipped on a beer and waited for someone to notice me. Instead, the men discussed work projects using secret code names.
Shorter by Alex Soojung-Kim Pang
8-hour work day, airport security, Albert Einstein, Bertrand Russell: In Praise of Idleness, business process, call centre, carbon footprint, centre right, cloud computing, colonial rule, disruptive innovation, Erik Brynjolfsson, future of work, game design, gig economy, Henri Poincaré, IKEA effect, iterative process, job automation, job satisfaction, job-hopping, Johannes Kepler, Kickstarter, labor-force participation, longitudinal study, means of production, neurotypical, performance metric, race to the bottom, remote working, Second Machine Age, side project, Silicon Valley, Steve Jobs, telemarketer, The Wealth of Nations by Adam Smith, women in the workforce, young professional, zero-sum game
Another survey three years later found that job stress had led to unhealthy behaviors among 43 percent of restaurant workers and affected the family lives of 50 percent of workers. Things are a little better in advertising, if only because the fires dealt with are only metaphorical. In a 2019 survey in the United States, 33 percent of advertising industry professionals worried about their mental health; among people working more than fifty hours a week or making less than $50,000 a year (in other words, most young professionals), the rates were above 40 percent. The same year, an Australian survey of workers in marketing and advertising found that 56 percent exhibited symptoms of depression. A 2018 study in the United Kingdom found that 64 percent of workers thought about leaving their jobs, 60 percent thought their work had a negative impact on their mental health, 36 percent described their mental health as “poor,” and 26 percent said they had a long-term problem like chronic stress or depression.
On the challenges and financial penalties of flexible work and career breaks, the Timewise study is cited in “Two Thirds of Female Professionals Are Estimated to be Working Below Their Potential When They Return to Work from Career Breaks,” PwC press release, November 14, 2016, pwc.blogs.com/press_room/2016/11/two-thirds-of-female-professionals-are-estimated-to-be-working-below-their-potential-when-they-retur.html; the 2017 KPMG study is summarized in “I Felt Like My Career Break Wiped Clean All of My Previous Achievements,” Vodafone, March 8, 2018, www.vodafone.com/content/index/what/connected-she-can/i-felt-like-my-career-break-wiped-clean-all-of-my-previous-achievements.html. On UK working women, see Yong Jing Teow and Priya Ravidran, Women Returners: The £1 Billion Career Break Penalty for Professional Women (PwC, November 2016), www.pwc.co.uk/economic-services/women-returners/pwc-research-women-returners-nov-2016.pdf. On wage differences over time, see Marianne Bertrand et al., “Dynamics of the Gender Gap for Young Professionals in the Financial and Corporate Sectors,” American Economic Journal: Applied Economics 2, no. 3 (July 2010): 228–255, www.aeaweb.org/articles?id=10.1257/app.2.3.228; Henrik Kleven et al., “Children and Gender Inequality: Evidence from Denmark,” NBER Working Paper Series 24219 (National Bureau of Economics, January 2018), www.nber.org/papers/w24219. Arturo Perez is quoted in Valérie Gauriat, “Sweden: Shorter Workdays, Happier and More Productive Staff?”
The Rough Guide to Amsterdam by Martin Dunford, Phil Lee, Karoline Thomas
banking crisis, haute cuisine, illegal immigration, low cost airline, Nelson Mandela, place-making, plutocrats, Plutocrats, spice trade, sustainable-tourism, trade route, upwardly mobile, urban sprawl, young professional
Attracts an older clientele. Daily 4pm–midnight, 2am at the weekend. Hegeraad Noordermarkt 34. Lovingly maintained, old-fashioned brown café-bar with a fiercely loyal, older clientele. The back room, furnished with paintings and red plush seats, is the perfect place to relax with a hot chocolate. Het Molenpad Prinsengracht 653. Recently revamped café which hasn’t lost its laidback atmosphere. Fills up with a young, professional crowd after 6pm. Daily noon–1am (Fri & Sat till 2am). Het Papeneiland Prinsengracht 2. With its wood panelling, antique Delft tiles and ancient stove, this rabbit warren of a place is one of the cosiest bars in the Grachtengordel. Jam-packed late at night with a garrulous crew of locals and tourists alike. Daily 10am–1am (Fri & Sat till 3am). De Pieper Prinsengracht 424. Laid-back neighbourhood brown bar, at the corner of Leidsegracht, with rickety old furniture and a mini-terrace beside the canal.
A chic bar-restaurant – cool, light and vehemently un-brown; eat in or chill out at the bar with a Mojito. The clientele is stylish, and the food a hybrid of French- and Dutch-inspired dishes; mains start at €14.50. Breakfast in the garden during the summer is a highlight. Daily 10am–1am, Fri & Sat until 2am. Weber Marnixstraat 397. Popular local hangout, just off the Leidseplein, attracting musicians, students and young professionals. Crowded and noisy on weekends. Daily 8pm–3am (Fri & Sat till 4am). De Zotte Proeflokaal Raamstraat 29. Down a grubby alley not far from the Leidseplein, this laid-back bar specializes in Belgian beer, of which it has dozens of varieties. Daily 4pm–1am, bar food served 6–9.30pm. Eating and drinking | Bars | The Jordaan and Western docklands De Blaffende Vis Westerstraat 118. Somewhat of an institution, this is a typical neighbourhood bar at the corner of the 2e Boomdwarsstraat.
Eating and drinking | Restaurants | Grachtengordel south | Japanese Japan-Inn Leidsekruisstraat 4 020/620 4989. Warm and welcoming restaurant in the midst of the Leidseplein buzz. Sushi and sashimi popular with Japanese tourists and Dutch business folk alike. Main courses range from €15 to €35. Daily 5pm–midnight. Tomo Sushi Reguliersdwarsstraat 131 020/528 5208. Quality, hip Japanese grill and sushi place, popular with a young, professional crowd. Mains begin at €17. Daily 5.30–10.30pm. Eating and drinking | Restaurants | Grachtengordel south | Thai Dynasty Reguliersdwarsstraat 30 020/626 8400. Lavishly appointed restaurant – all orchids and murals – offering a first-rate choice of Indochinese food, with both Vietnamese and Thai options. Main courses from €20. Daily except Tues 5.30–10.30pm. Eating and drinking | Restaurants | Grachtengordel south | Vegetarian and organic Golden Temple Utrechtsestraat 126 020/626 8560.
Women Leaders at Work: Untold Tales of Women Achieving Their Ambitions by Elizabeth Ghaffari
Albert Einstein, AltaVista, business cycle, business process, cloud computing, Columbine, corporate governance, corporate social responsibility, dark matter, family office, Fellow of the Royal Society, financial independence, follow your passion, glass ceiling, Grace Hopper, high net worth, knowledge worker, Long Term Capital Management, longitudinal study, performance metric, pink-collar, profit maximization, profit motive, recommendation engine, Ronald Reagan, shareholder value, Silicon Valley, Silicon Valley startup, Steve Ballmer, Steve Jobs, thinkpad, trickle-down economics, urban planning, women in the workforce, young professional
I genuinely believe that the reason for that success is that we've been open to, and embraced, change—we've said “yes” when opportunities came our way. And, honestly, our life has been incredibly enhanced because of that. Ghaffari: What do you see yourself doing over the next five to ten years? Beck: I certainly hope I'll continue in my CEO role while serving on boards. Retirement will entail a combination of corporate board work and philanthropy. Ghaffari: As you look out at the marketplace today for young professional women, where do you see the greatest opportunities for them? Beck: This is a very tough job market. And I talk to many young women. Having a daughter who is a junior in college, I speak to a lot of her friends, and I'm increasingly concerned at the perception that our college students have today about their prospects and their future. There's a lot of fear about this job market and where they will find opportunity.
From my daughters' perspectives, it took them until they went away to college to realize the significance of my work. You're always “just Mom” to your daughters. But, as they started to talk with other people about careers and to their professors about careers, they began to be more aware of what their parents do. At that point, I think they developed a much better understanding of my work. Ghaffari: As you look at young professional women today, what kind of advice do you have for them? Horan: Everybody's situation, obviously, is unique. But the thing I always try to advise people is don't focus yourself totally on some career goal or career path and have that be a maniacal focus because you might miss some interesting opportunities. I look at my decisions: what if I had not come to the United States, or if I had not moved to Massachusetts, or if I hadn't come to IBM, or if I hadn't moved to the CIO office?
I look at my decisions: what if I had not come to the United States, or if I had not moved to Massachusetts, or if I hadn't come to IBM, or if I hadn't moved to the CIO office? All those things were not necessarily part of a natural, logical progression, but altogether they represent a whole lot of opportunities. I think one of the most important things is to keep your options open, to evaluate each opportunity as it comes along, and to listen to input that comes your way. Ghaffari: Do you do speaking events for young professional women? Horan: I have given presentations at different times and on different topics. Next month, I've been invited to speak at the Women's International Networking Conference in Rome, Italy. It's an event about careers and opportunities. I certainly have done a lot of that. We have a number of diversity networks at IBM. Periodically I've been asked to speak to a group about my career, the decisions I've made, and why I've made them.
Frommer's Denver, Boulder & Colorado Springs by Eric Peterson
Finds ITALIAN A popular neighborhood eatery north of Radda Trattoria downtown, Radda Trattoria has a social atmosphere and a terrific sense of invention in the kitchen. In a room that belies its shopping-center location next to a supermarket— centered on a large rectangular bar—the well-oiled operation serves plates of Northern Italian cuisine, such as gnocchi, cinghiale (wild boar), and pizzas, as well as fantastic soups and salads. The vibe is casual and smart, with more young professionals and CU faculty than the student hangouts downtown. Radda’s older and more formal sister restaurant is Mateo, 1837 Pearl St. (& 303/443-7766). 1265 Alpine Ave. & 303/442-6200. www.raddatrattoria.com. Reservations not accepted. Main courses $9–$16. AE, DISC, MC, V. Mon–Fri 7am–10pm; Sat–Sun 9am–10pm. Finds CONTEMPORARY/ORGANIC This pleasant contemporary Sunflower eatery, eclectically decorated with murals, rotating local art, and a flagstone floor, touts its menu as healthy and environmentally-friendly.
On the second floor is a billiard hall with TVs and foosball. See also “Colorado Springs After Dark,” later in this chapter. 2 E. Pikes Peak Ave. & 719/635-2800. Main courses $8–$13 lunch, $9–$25 dinner. AE, DC, DISC, MC, V. Mon–Thurs 11am–10pm; Fri–Sat 11am–midnight; Sun 10am–10pm. Bar open later. Ritz Grill NEW AMERICAN This lively restaurant-lounge with a large central bar is where it’s at for many of the city’s young professionals. The decor is Art Deco, the service fast and friendly. The varied, trendy menu offers such specialties as Garden Ritz veggie pizza, with fresh spinach, sun-dried tomatoes, bell peppers, onions, mushrooms, fresh pesto, and three cheeses; and Siamese tuna salad—served rare with wild greens, mango salsa, radish sprouts, pickled ginger chestnuts, and wasabi peas. I recommend Cajun chicken and shrimp, sautéed with bell peppers in a spicy alfredo sauce, or the peppered Ahi, spiced with pastrami and served with gingered white rice and sautéed spinach.
The beers are unfiltered and unpasteurized, served at the traditional temperature for the style. I recommend Railyard Ale, a light amber ale with a smooth, malty taste; Hefeweizen, a traditional German wheat beer; 12_382288-ch08.indd 209 12/19/08 11:43:20 PM 210 and a very hoppy India pale ale. A billiard hall is on the second floor. See also the restaurant listing on p. 188. 2 E. Pikes Peak Ave. & 719/635-2800. Ritz Grill Especially popular with young professionals after work and the chic clique later in the evening, this noisy restaurant-lounge, known for its martinis and large central bar, brings an Art Deco feel to downtown Colorado Springs. There’s live music (usually rock) starting at 9pm Thursday through Saturday. See also the restaurant listing on p. 188. 15 S. Tejon St. & 719/635-8484. Tony’s Laden with plenty of brick and Green Bay Packers memorabilia, this neighborhood bar just north of Acacia Park has a laid-back vibe, Wisconsin roots, and the best fried cheese curds in the state. 311 N.
The Future Won't Be Long by Jarett Kobek
Berlin Wall, British Empire, Donald Trump, East Village, Fall of the Berlin Wall, financial independence, Golden Gate Park, means of production, Menlo Park, meta analysis, meta-analysis, New Journalism, Norman Mailer, Ronald Reagan, Saturday Night Live, South of Market, San Francisco, Steve Jobs, thinkpad, Triangle Shirtwaist Factory, urban decay, wage slave, War on Poverty, working poor, young professional
The spectacle dusted with endless white powders. Ketamine and cocaine and heroin. Snow was general over Ireland. I loved wallowing in the filth that accrues around every fin-de-siècle. That dewy moment before a new millennium when the peasantry stage orgies before the wrath of a nameless God. One night in May, I ran into Jae-Hwa, or Sally, or Sigh. She was dressed down, looking like a young professional in her late twenties. Which I guess, technically, she might have been. She was like Franklin. I had no idea what she did for money. I was crazy on cocaine. She couldn’t get in a word. I kept talking about three Aerosmith music videos starring a blonde actress named Alicia Silverstone. A living embodiment of fresh-faced lust, appealing to the world’s schoolboys. And their fathers. The videos, released over the course of a year, were incredibly popular.
Well, darlings, in my unfathomable perversity, as the weeks had passed, I’d experienced many more lunch dates with Aubrey than her fella. Why, just a week earlier, we’d met at an exceptionally sterile restaurant on Seventh Avenue. The name escapes me but rest assured that it was bleedingly bourgeois. Our mouths moved, the proper words came out, but as always the cut of her suit and the shape of her hair transfixed my human soul. I’d seen thousands and thousands and thousands and thousands of women like her, young professionals clawing their way through the world, women who believed that New York offered them profound and infinite opportunity. I’d always fantasized about their lives, imaginating what they’d done and where they came from. Now I was friends with one! There she sat, eating arugula and talking about politics. Could these women be happy working for the sole purpose of accumulating capital that afforded them certain luxuries, the maintenance of which required the further accumulation of capital?
Entering the lobby, it came to me that I hadn’t been inside since Regina and I visited Christina. Another dead denizen of clubland. That was six or seven years earlier. It felt like twenty thousand. The steady pounding of time kept beating against me. When I told the desk attendant that I wanted to see Brooke, he went slightly pale but then examined my wardrobe. I was dressed like any other respectable young professional. He gave me her room number. I took the elevator up to the third floor. I knocked. I didn’t know Brooke very well. We’d only talked for a few minutes. I’m sure she knew me by sight and, I suspect, writerly reputation. Not that any of the club kids read my book. Only Michael and Franklin read books. Brooke was a mountain of a girl. She regularly dyed her hair a rainbow spectrum of color.
The Rough Guide to New York City by Martin Dunford
Anton Chekhov, Berlin Wall, Bonfire of the Vanities, Buckminster Fuller, buttonwood tree, car-free, Charles Lindbergh, Chuck Templeton: OpenTable:, clean water, colonial exploitation, colonial rule, desegregation, Donald Trump, East Village, Edward Thorp, Exxon Valdez, Frank Gehry, glass ceiling, haute cuisine, illegal immigration, Jane Jacobs, market bubble, Norman Mailer, paper trading, post-work, Saturday Night Live, sustainable-tourism, The Death and Life of Great American Cities, the High Line, transcontinental railway, Triangle Shirtwaist Factory, upwardly mobile, urban decay, urban planning, urban renewal, white flight, Yogi Berra, young professional
Fifth Avenue, the greatest of the big north–south avenues, cuts through the center of Manhattan until it reaches Central Park, whereupon the avenue runs along its eastern ﬂank; crosstown streets are ﬂagged as East or West (eg W 42nd Street, E 42nd Street) from this dividing line, and building numbers also increase as you walk away from either side of Fifth Avenue. Note that the island of Manhattan is about thirteen miles long from base to tip, and around two miles wide at its widest point: as a rule of thumb, allow ﬁve minutes to walk each east–west block between avenues, and one to two minutes for each north–south block between streets. | INTR O D UCTION | WHAT TO S E E | W HE N TO GO Central Park of the park, the largely residential young-professional enclave of the Upper West Side is worth a visit, mostly for performing-arts mecca Lincoln Center, the American Museum of Natural History, and Riverside Park along the Hudson River. Immediately north of Central Park, Harlem, the historic black city-within-a-city, has today a healthy sense of an improving community. Still farther north, past the student enclave of Hamilton Heights, home to Columbia University, and Washington Heights, a largely Hispanic neighborhood that few visitors ever venture to visit, stands Inwood at the tip of the island.
In between is a checkerboard of modern high-rise buildings, old brownstones, gourmet markets, and | The Upper West Side hile the Upper East Side has always been a patrician stronghold, the Upper West Side, only minutes away on the other side of the park, has grown into its position as a somewhat younger, somewhat hipper, but nonetheless affluent counterpart. Later to develop, it has seen its share of struggling actors, writers, and opera singers come and go over the years. In the 1990s, the Upper West Side was the neighborhood of choice for upwardly mobile dot-commers, and though the frenzy has calmed down, young professionals and their stroller-bound children still make up a sizable part of the population. This isn’t to say it lacks glamour; the lower stretches of Central Park West and Riverside Drive are quite fashionable, while the network of performing spaces at Lincoln Center makes the neighborhood New York’s de facto palace of culture. As you move north, though, the neighborhood diversifies and loses some of its luster, culminating in Morningside Heights, home to Columbia University at the edge of Harlem, as well as the monolithic Cathedral of St John the Divine.
Edging the East River right across from the United Nations, Long Island City thus defined is a mixed residential-industrial area best known as the home of MoMA-affiliated PS 1, which anchors a small but lively visual arts scene. Long Island City’s other famous purveyor of culture, Silvercup Studios, the largest film and television production studio on the East Coast, stretches out along 21st Street next to the Queensboro Bridge. The Sopranos and Sex and the City were both shot here. By contrast, Astoria is overwhelmingly residential, with a diverse population – young professionals and every immigrant group you can imagine – occupying sturdy 1930s brick apartment blocks and vinyl-sided rowhouses along tree-lined streets. Astoria’s main claims to fame are its Greek food (though many other fine cuisines are also in abundance), its movie studio and museum, and waterfront Astoria Park, with its mammoth public pool.The serene Noguchi Museum, established on the site of the late sculptor Isamu Noguchi’s studio, is also located here.
Walkable City: How Downtown Can Save America, One Step at a Time by Jeff Speck
A Pattern Language, active transport: walking or cycling, car-free, carbon footprint, congestion charging, David Brooks, edge city, Edward Glaeser, Enrique Peñalosa, food miles, Frank Gehry, Guggenheim Bilbao, if you build it, they will come, Induced demand, intermodal, invisible hand, Jane Jacobs, meta analysis, meta-analysis, New Urbanism, peak oil, Ralph Waldo Emerson, Richard Florida, skinny streets, smart cities, starchitect, Stewart Brand, the built environment, The Death and Life of Great American Cities, transit-oriented development, Upton Sinclair, urban planning, urban renewal, urban sprawl, walkable city, white flight, white picket fence, young professional, zero-sum game, Zipcar
Power—hardly part of the anticar lobby—report that “online discussions by teens indicate shifts in perceptions regarding the necessity of and desire to have cars.”2 In “The Great Car Reset,” Richard Florida observes: “Younger people today … no longer see the car as a necessary expense or a source of personal freedom. In fact, it is increasingly just the opposite: not owning a car and not owning a house are seen by more and more as a path to greater flexibility, choice, and personal autonomy.”3 These driving trends are only a small part of a larger picture that has less to do with cars and more to do with cities, and specifically with how young professionals today view themselves in relation to the city, especially in comparison to previous generations. Born as the baby boom ended, I grew up watching three television shows almost daily: Gilligan’s Island, The Brady Bunch, and The Partridge Family. While Gilligan’s Island may have had little to say about urbanism, the other two were extremely instructive. They idealized the mid-twentieth-century suburban standard of low-slung houses on leafy lots, surrounded by more of the same.
In these shows, the big city (in all cases New York) was lovingly portrayed as a largely benevolent and always interesting force, often a character and coconspirator in its own right. The most urban of American cities was the new normal, and certainly good. The first thing that I take away from this comparison is that I watched far too much television as a child. But the real point here is that today’s young professionals grew up in a mass culture—of which TV was only one part—that has predisposed them to look favorably upon cities; indeed, to aspire to live in them. I grew up in the suburbs watching shows about the suburbs. They grew up in the suburbs watching shows about the city. My complacency has been replaced by their longing. This group, the millennials, represent the biggest population bubble in fifty years.
No Such Thing as Society by Andy McSmith
anti-communist, Ayatollah Khomeini, Berlin Wall, Big bang: deregulation of the City of London, Bob Geldof, Boris Johnson, British Empire, Brixton riot, call centre, cuban missile crisis, Etonian, F. W. de Klerk, Farzad Bazoft, feminist movement, fixed income, Francis Fukuyama: the end of history, friendly fire, full employment, glass ceiling, God and Mammon, greed is good, illegal immigration, index card, John Bercow, Kickstarter, liberal capitalism, light touch regulation, Live Aid, loadsamoney, long peace, means of production, Mikhail Gorbachev, mortgage debt, mutually assured destruction, negative equity, Neil Kinnock, Nelson Mandela, North Sea oil, Northern Rock, old-boy network, popular capitalism, Right to Buy, Ronald Reagan, Rubik’s Cube, Sloane Ranger, South Sea Bubble, spread of share-ownership, strikebreaker, The Chicago School, union organizing, upwardly mobile, urban decay, Winter of Discontent, young professional
If the audience did not rate the performer, which they usually did not, the call went up for the gong to sound and the performance was over. Some determined characters came back week after week for a repeated humiliation. It was, of course, impossible to impose any quality control, so the better performers shift ed to the Boulevard Theatre, and set up Comic Strip, which became a test-bed for comedy that assumed an audience of liberal, anti-racist, anti-sexist, Guardian-reading, Thatcher-loathing young professionals, who would not be off ended by swearing or sexual explicitness, but would object to racist or sexist humour. The master of ceremonies was – to quote one critic – ‘a human volcano called Alexei Sayle . . . possessed of a Michelin body, a very loud voice, and a brain that only works on overdrive’, whose idea of pandering to his audience was to announce that the evening was to be a charity event in aid of ‘Help a Kid – Kill a Social Worker’.
The world’s first shop dedicated to selling nothing but Filofaxes opened in Camden, north London, in 1983, though even then a consumer journalist observed that the Filofax: seems to sell almost entirely by word of mouth. I have never seen it advertised or promoted but there are those who become so enthusiastic about it, who are prone to talk in rather evangelical terms about how it has changed their lives, that its circle of fans seems to widen all the time.31 Actually, it was being subtly promoted as a useful fashion accessory for busy, over-committed young professionals at the very time when political fashion made it acceptable to let people know if you were in a well-paid job that kept you busy. From about 1983, sales grew and grew. Paul Smith, a celebrity fashion designer who had a shop in Covent Garden where he sold an eclectic range of clothes, and soon-to-be fashionable luxuries for men, put a Filofax on display. Company turnover multiplied from £100,000 in 1980 to £5m in 1985.
By the end of 1989, Britain’s consumers owed a grand total of £304 billion, of which about £255 billion was tied up in mortgages and about £7.6 billion was owed on credit cards and store cards.1 Ten years earlier, total debt on everything except first mortgages and bank overdrafts came to about £5 billion; credit card debt was probably only about £750 million.2 As the 1990s dawned, people were more aware of their rights as citizens and consumers, and less deferential of authority, but they were less likely to be involved in any kind of political activity. They were more mobile, particularly if they were young professionals. The idea of staying with one employer throughout a person’s working life, paying compulsorily into the firm’s pension fund, to be presented with a gold watch and chain on retirement, was as dated as the gramophone. Ambitious people switched jobs or switched from employment to self-employment and back, taking with them their newly acquired portable pensions. The proportion of the nation’s income derived from self-employment had doubled during the 1980s.3 Overall, income from wages and salaries accounted for only 62 per cent of household income in 1990, compared with about 75 per cent in 1968.
Frommer's Irreverent Guide to Las Vegas by Mary Herczog, Jordan S. Simon
At Paris, Napoleon’s Empire trappings—burgundy leather chairs, gold-tasseled red curtains, carpet-strewn marble floors—strike the right note for silky jazz and brandies. At the JW Marriott, Gustav Mauler’s Lounge wittily parodies a men’s club: marble tables, forest green upholstery, copper accents, and barrel-vaulted ceilings of stained glass and cedar. It’s a prime spot for Summerlin’s less stuffy young professionals to decompress over a single malt and cigar. However, if you want real lounge lizard action, we mean, the sort that Bill Murray did to perfection on Saturday Night Live, the archetype lounge singer act is Mr. Cook E. Jarr, who must be seen—and you must see him—to be believed. He’s currently booked a couple nights a week at Harrah’s Carnaval Court. If he’s no longer there by the time you read this, he will surface eventually, so check local listings.
Gustav Mauler’s Lounge offers NIGHTLIFE customers avail themselves of pool tables, condom machines, live bands, and a sublime jukebox. On the west side of town, Pink E’s Fun Food and Spirits lures a hip “I don’t care if I’m hip” crowd, who like the tongue-in-cheek pink decor, plentiful pink pool tables (more than 50), and rocking bands. Crown and Anchor Pub caters to casino industry folk, UNLV students and faculty, and young professionals, who appreciate the vast beer selection, live soccer and rugby telecasts, nightly all-you-can-eat specials, jiving juke, and occasional hot local bands. Locals are greeted Cheers-style at Z’Tejas, where the subdued lighting, natty surroundings, and nouvelle Southwestern appetizers (half price at happy hour) are ideal for unwinding after work. Ellis Island Brewery & Casino is a welcoming casino/lounge just off the Strip with favorable odds and free bingo, generous cheapo eats and drinks, and nightly karaoke (regulars deck themselves out like their idols, from Tina Turner to Gene Simmons).
The Precariat: The New Dangerous Class by Guy Standing
8-hour work day, banking crisis, barriers to entry, basic income, Bertrand Russell: In Praise of Idleness, call centre, Cass Sunstein, centre right, collective bargaining, corporate governance, crony capitalism, deindustrialization, deskilling, fear of failure, full employment, hiring and firing, Honoré de Balzac, housing crisis, illegal immigration, immigration reform, income inequality, labour market flexibility, labour mobility, land reform, libertarian paternalism, low skilled workers, lump of labour, marginal employment, Mark Zuckerberg, mass immigration, means of production, mini-job, moral hazard, Naomi Klein, nudge unit, old age dependency ratio, Panopticon Jeremy Bentham, pensions crisis, placebo effect, post-industrial society, precariat, presumed consent, quantitative easing, remote working, rent-seeking, Richard Thaler, rising living standards, Ronald Coase, Ronald Reagan, science of happiness, shareholder value, Silicon Valley, The Market for Lemons, The Nature of the Firm, The Spirit Level, Tobin tax, transaction costs, universal basic income, unpaid internship, winner-take-all economy, working poor, working-age population, young professional
Only a tiny minority of either generation described themselves as ‘work-centric’ and most did not see jobs as their route to happiness. The attitudes of the two generations were similar; the difference is in the reality confronting them. These studies focused on those who managed to enter salaried jobs, who would be expected to show more job commitment than those who did not. A UK study (Centre for Women in Business, 2009) also found young professionals professing loyalty to their firm, but it was contingent loyalty in that most were ready to move on if not promoted. They felt their parents’ trust in an ‘organisation’ had been betrayed and did not want to leave WHO ENTERS THE PRECARIAT? 75 themselves open to such disappointment. While some have claimed that the Great Recession has acted as a needed ‘reality check’ on Generation Y’s ‘air of entitlement’ (Tulgan, 2009), if anything it will have reinforced young people’s feeling that the ‘system’ is against them.
Browne, J. (2010), Securing a Sustainable Future for Higher Education, London: The Stationery Office. Bryceson, D. B. (ed.) (2010), How Africa Works: Occupational Change, Identity and Morality, Rugby: Practical Action Publishing. Bullock, N. (2009), ‘Town Halls Find Fresh Angles to Meet Recession’, Financial Times, 23 December, p. 2. Carr, N. (2010), The Shallows: What the Internet Is Doing to Our Brains, New York: Norton. Centre for Women in Business (2009), The Reflexive Generation: Young Professionals’ Perspectives on Work, Career and Gender, London: London Business School. Chan, W. (2010), ‘The Path of the Ant Tribe: A Study of the Education System That Reproduces Social Inequality in China’, paper presented at the Seventh East Asia Social Policy Conference, Seoul, 19–21 August. Chellaney, B. (2010), ‘China Now Exports Its Convicts’, Japan Times Online, 5 July. Available at http://search.japantimes.co.jp/print/eo20100705bc.html [accessed 2 December 2010].
Gray Day: My Undercover Mission to Expose America's First Cyber Spy by Eric O'Neill
active measures, autonomous vehicles, Berlin Wall, bitcoin, computer age, cryptocurrency, Dissolution of the Soviet Union, Edward Snowden, Fall of the Berlin Wall, fear of failure, full text search, index card, Internet of things, Kickstarter, Mikhail Gorbachev, ransomware, rent control, Robert Hanssen: Double agent, Ronald Reagan, Skype, thinkpad, web application, white picket fence, WikiLeaks, young professional
By 1994, under the “Two Plus Four” Treaty signed by East and West Germany and the four Allied Forces, all foreign troops had to depart the now-unified country. Russia shuffled more than 485,000 soldiers and dependents, along with thousands of tanks, armored personnel carriers, artillery pieces, planes, and helicopters, back across the Russian border. Germany’s two halves might have reunited, but the east suffered a recession that sparked a migration of young professionals to the west. Juliana left her small village the moment she could. Her first job was in Aachen, Germany—over 800 kilometers directly west from the town of her birth. A year later, she found a program that would take her to the United States, farther west than anyone in her village had ever traveled. Hanssen clicked his pen, his pupils as round as bullet heads in the dim light. “Do you know what we are doing here?”
Their two children, born in Canada but raised in the United States, did not learn of their parents’ true identity until the FBI kicked in the door to their Cambridge, Massachusetts, home to arrest Mom and Dad. The Heathfield-Foleys and Chapman blindsided the FBI by embracing new spy technology to communicate with Moscow. Anna would sit in a coffeehouse in the middle of the day like so many other young professionals, clicking through her laptop over a latte. Donald and Tracey would upload pictures of their beautiful family and white-picket-fenced home to a file-sharing site. Covertly, as Anna sat in the coffeehouse, her laptop would directly pair with the laptop of a Russian intelligence officer parked nearby. A different intelligence officer in Moscow would download and decrypt the Cambridge couple’s pictures, revealing through digital steganography the secrets hidden within.
Blink: The Power of Thinking Without Thinking by Malcolm Gladwell
affirmative action, airport security, Albert Einstein, complexity theory, David Brooks, East Village, haute couture, Kevin Kelly, lateral thinking, medical malpractice, medical residency, Menlo Park, Nelson Mandela, new economy, pattern recognition, phenotype, Ronald Reagan, Silicon Valley, Stephen Hawking, theory of mind, young professional
In high-stakes, fast-moving situations, we don’t want to be as dispassionate and purely rational as the Iowa ventromedial patients. We don’t want to stand there endlessly talking through our options. Sometimes we’re better off if the mind behind the locked door makes our decisions for us. 2. The Storytelling Problem On a brisk spring evening not long ago, two dozen men and women gathered in the back room of a Manhattan bar to engage in a peculiar ritual known as speed-dating. They were all young professionals in their twenties, a smattering of Wall Street types and medical students and schoolteachers, as well as four women who came in a group from the nearby headquarters of Anne Klein Jewelry. The women were all in red or black sweaters, and jeans or dark-colored pants. The men, with one or two exceptions, were all wearing the Manhattan work uniform of a dark blue shirt and black slacks. At the beginning they mingled awkwardly, clutching their drinks, and then the coordinator of the evening, a tall, striking woman named Kailynn, called the group to order.
All were in their mid-twenties. All were of average attractiveness. All were instructed to dress in conservative casual wear: the women in blouses, straight skirts, and flat shoes; the men in polo shirts or button-downs, slacks, and loafers. All were given the same cover story. They were instructed to go to a total of 242 car dealerships in the Chicago area and present themselves as college-educated young professionals (sample job: systems analyst at a bank) living in the tony Chicago neighborhood of Streeterville. Their instructions for what to do were even more specific. They should walk in. They should wait to be approached by a salesperson. “I’m interested in buying this car,” they were supposed to say, pointing to the lowest-priced car in the showroom. Then, after they heard the salesman’s initial offer, they were instructed to bargain back and forth until the salesman either accepted an offer or refused to bargain any further—a process that in almost all cases took about forty minutes.
I, Partridge: We Need to Talk About Alan by Steve Coogan
It would have taken her longer, but she already had make-up on, you could probably smell her perfume in Hiroshima, and as she’d only actually been running for 53.16 seconds (a new British record by the way) it seemed crazy to shower – a wet wipe administered to the main danger zones had been deemed more than adequate. Yet no sooner had the shin-dig hit its stride than Sally’s chums and buddies seemed to drift away. Gunnell may have run her race but the rest of them were yet to compete. Their loss however was very much AP’s gain (my gain). And as Sally wasn’t ready to head home, we moved on to a restaurant serving authentic Japanese nosh. Of course, these days young professionals hotfoot it to Pret a Manger every lunchtime to gobble down box after box of sushi. But back then, things were different. Back then, our tastes were simpler and less foreign. As a result Sal and myself were pretty miffed as we browsed the menu. What was all this stuff? Others might have given up and headed off to a Western fast food joint, but not us. Our attitude was very much ‘when in Rome …’, so when the waiter came round we went for it and ordered a couple of bowls of rice.
In reality I didn’t drive a vehicle until I reached the legal age. I’ll always remember the morning of my 17th birthday. I was hoping to open the curtains and see a shiny new Triumph Dolomite gift-wrapped on the drive. But I didn’t get a car. That’s not to say I wasn’t pleased with my attaché case. The other kids in my class had to make do with satchels (boring!), whereas I looked quite the young professional, striding around with my nearly-new, jet-black Samsonite. It was a great feeling to arrive fashionably late, then make a show of flicking open the lock and pulling out my PE kit. Mum was the one that took me out for driving lessons. Dad said he wanted to but couldn’t because of his temper. In reality, though, I got taken out very rarely, so I had to improvise. I’d sit on a chair in my bedroom, with a cushion for a steering wheel and upturned school shoes for the clutch, brake and accelerator.
The 100-Year Life: Living and Working in an Age of Longevity by Lynda Gratton, Andrew Scott
3D printing, Airbnb, assortative mating, carbon footprint, Clayton Christensen, collapse of Lehman Brothers, creative destruction, crowdsourcing, delayed gratification, disruptive innovation, diversification, Downton Abbey, Erik Brynjolfsson, falling living standards, financial independence, first square of the chessboard, first square of the chessboard / second half of the chessboard, future of work, gender pay gap, gig economy, Google Glasses, indoor plumbing, information retrieval, intangible asset, Isaac Newton, job satisfaction, longitudinal study, low skilled workers, Lyft, Nelson Mandela, Network effects, New Economic Geography, old age dependency ratio, pattern recognition, pension reform, Peter Thiel, Ray Kurzweil, Richard Florida, Richard Thaler, Second Machine Age, sharing economy, side project, Silicon Valley, smart cities, Stanford marshmallow experiment, Stephen Hawking, Steve Jobs, The Future of Employment, uber lyft, women in the workforce, young professional
The lengthening of life is a very real phenomenon, bringing with it unpredictable changes and challenges, but also significant opportunities. With increased life expectancy, how do you get the most from your life? How do you leverage your abilities while at the same time taking advantage of life’s opportunities? Gratton and Scott’s book is a wake-up call for individuals, organizations, governments and societies. Relevant to young professionals as well as seasoned leaders, this book introduces readers to a new reality: multi-stage professional and personal lives that encompass different careers and transitions. Full of practical insights, this book helps readers to build and live a life worth living. Boris Groysberg, Professor of Business Administration, Harvard Business School Longevity has been rising in rich countries at a continuing remarkable rate.
Dual income couples – men spend 11 hours per week more in paid work, have 4.5 more hours of leisure; women do more childcare and housework. 18Modern Parenthood (Pew Center). 19McKinsey research programme examining gender diversity: see for example ‘Gender diversity in top management: Moving corporate culture, moving boundaries’ (McKinsey, 2013); ‘Unlocking the full potential of women in the U.S. economy’ (McKinsey, 2012); Women Matter. Gender diversity at the top of corporations: Making it happen (McKinsey, 2010). 20Bertrand, M., Goldin, C. and Katz, L., ‘Dynamics of the Gender Gap for Young Professionals in the Financial and Corporate Sectors’, American Economic Journal: Applied Economics 2 (2010): 228–55. 21Goldin, ‘A Grand Gender Convergence: Its Last Chapter’. 22‘Women and the Future of Work’, ILO (International Labour Organization) (2015) http://www.ilo.org/wcmsp-132/groups/public/@dgreports/@dcomm/documents/briefingnote/wcms_347,950pdf 23Law firms such as Clearspire in the US or Obelisk in the UK are already developing an online platform that enables home-based lawyers to practise their skills in a more flexible way. 24Coltrance, S., Miller, E., DeHaan, T. and Stewart, L., ‘Fathers and the Flexibility Stigma’, Journal of Social Issues 69 (2) (2013): 279–302. 25Cherlin, A., Marriage, Divorce, Remarriage (Harvard University Press, 1981). 26Buettner, P., The Blue Zones: lessons for living longer from the people who have lived the longest (National Geographic, 2008). 27Ruggles, S., ‘The Transformation of American Family Structure’, American Historical Review 99 (1994): 103–28. 28Kohli, M., ‘The World We Forgot: An Historical Review of the Life Course’, in Marshall, V.
Fodor's Barcelona by Fodor's
In-hotel: bar, gym | AE, DC, MC, V | EP | Station: Jaume I Park Hotel. $$–$$$ | Backing into some of Barcelona’s prime art, architecture, and wine and tapas territory, this semi-budget hotel offers sleek new rooms with espresso-colored wood details situated across the street from the elegant old Estació de França train station. The hotel is modest and unassuming but efficient, full of modern conveniences and staffed with cheerful and hardworking young professionals. Pros: central location; good value; friendly staff. Cons: small rooms; no glamour; no room service. | Av. Marquès de l’Argentera 11, Born-Ribera | 08003 | 93/319–6000 | www.parkhotelbarcelona.com | 91 rooms | In room: Wi-Fi, refrigerator. In-hotel: bar | AE, DC, MC, V | EP | Station: Barceloneta El Raval Barceló Raval. $$–$$$ | This cylindrical black rocket ship looming over the Raval offers designer surroundings and, from the roof terrace, 360-degree vistas of all of Barcelona.
This former codfish emporium is now an intimate haven for drinks, raclettes, and fondues. The marble cod basins in the entry and the spiral staircase to the second floor are the quirkiest details, but everything seems devised to charm the eye. | Passeig del Born 26, La Ribera | 08003 | 93/319–5333 | Station: Jaume I. El Copetín. Right on Barcelona’s best-known cocktail avenue, this bar catering to young professionals in the thirty- to forty-year-old range has good cocktails and Irish coffee. It’s dimly lighted and romantic, with South Seas motifs. | Passeig del Born 19, La Ribera | 08003 | 93/319–4496 | Station: Jaume I. Harry’s. This is Barcelona’s version of the Parisian “sank roo-doe-noo” (5, rue Daunou) favorite that intoxicated generations of American literati, faux and otherwise, in Paris. While the formal art of mixology remains somewhat alien to the Barcelona scene, those in need of a serious drink will find it here at Harry’s. | Aribau 143, Eixample | 08036 | 93/430–3423 | Station: Provença.
Like snooty ski instructors, the professional salseros, straight in from “the pearl of the Antilles” (aka Cuba), offer their skills to beginners and experts alike for tours of an endless repertory of moves and maneuvers straight from Havana. | Comerç 21, Born-Ribera | 08003 | 93/310–7542 | www.salsapower.com | Station: Jaume I. Ommsession Club. The Hotel Omm attracts an army of the thirty-five to fortysomething crowd looking for excitement on Friday and Saturday nights. DJs and occasional live performances keep this well-groomed mob of young and not-so-young professionals clustered around the lobby bar with frequent dives down into the torrid dance floor downstairs. | Rosselló 265, Born-Ribera | 08008 | 93/445–400 | www.ommsession.es | Station: Diagonal. Otto Zutz. Just off Via Augusta, above the Diagonal, this nightclub and disco is a perennial Barcelona favorite that keeps attracting a glitzy mix of Barcelona movers and shakers, models, ex-models, wannabe models, and the hoping-to-get-lucky mob that predictably follows this sort of pulchritude.
Fodor's Venice and Northern Italy by Fodor's
A wide selection of Italian and German dishes is served in a spacious, comfortable dining room, where there are usually many extended families enjoying their meals together. | Via Bottai 6 | 39100 | 0471/973267 | MC, V | Closed Sun. No dinner Sat. Hopfen & Co. ¢–$ | NORTHERN ITALIAN | Fried white Würstel (sausage), sauerkraut, and grilled ribs complement the excellent home-brewed Austrian-style pilsner and wheat beer at this lively pub-restaurant. There’s live music on Thursday night, attracting Bolzano’s students and young professionals. | Piazza delle Erbe, Obstplatz 17 | 39100 | 0471/300788 | www.boznerbier.it | MC, V. Wirthaus Vőgele. $$ | NORTHERN ITALIAN | Ask a resident of Bolzano where they like to dine out, and odds are good they’ll tell you Vögele, one of the area’s oldest inns. The classic wood-panel dining room on the ground level is often packed with diners, but don’t despair, as the restaurant has two additional floors.
For an evening of live music—predominantly rock to jazz—head to perennial favorite Le Scimmie (Via Ascanio Sforza 49 , Navigli | 21036 | 02/89402874 | www.scimmie.it). It features international stars, some of whom jet in to play here, while others, including Ronnie Jones, are longtime residents in Milan. Dinner is an option. The bar of the Sheraton Diana Majestic (Viale Piave 42 | 20129 | 02/20581), which has a splendid garden, is a prime meeting place for young professionals and the fashion people from the showrooms of the Porta Venezia neighborhood. For a break from the traditional, check out ultratrendy SHU (Via Molino delle Armi, Ticinese | 20123 | 02/58315720), whose gleaming interior looks like a cross between Star Trek and Cocteau’s Beauty and the Beast. Happy Hour The aperitivo, or prelunch or predinner drink, is part of life everywhere in Italy, and each town has its own rites and favorite drinks.
Changes happen fast, but these are reliable: Arthé (Via Pisacane 57 | 20129 | 02/29528353) is a chic enoteca (wine bar) with fresh and fried vegetables and pasta. The Capo Verde (Via Leoncavallo 16 | 20131 | 02/26820430) is in a greenhouse/nursery and is especially popular for after-dinner drinks. G Lounge (Via Larga 8 | 20122 | 02/8053042) has rotating DJs and quality music. The elegant Hotel Sheraton Diana Majestic (Viale Piave 42 | 20129 | 02/20582081) attracts a young professional crowd in good weather to its beautiful garden, which gets yearly thematic transformations. In the Brera neighborhood, the highly rated enoteca ‘N Ombra de Vin (Via S. Marco 2 | 20121 | 02/6599650 | www.nombradevin.it) serves wine by the glass and, in addition to the plates of sausage and cheese nibbles, has light food and not-so-light desserts. Check out the impressive vaulted basement where the bottled wine and spirits are sold.
Minimalism: Live a Meaningful Life by Joshua Fields Millburn, Ryan Nicodemus
We’ve been featured in the Wall Street Journal, NPR, CBC, NBC, FOX, and various other media outlets. Our essays have been featured on dozens of popular websites throughout the Internet, including Zen Habits, Time Magazine’s #1 blog in the world. Both of us have extensive experience leading large groups of people in corporate America, coaching and developing hundreds of employees to grow as individuals and live more meaningful lives. Once upon a time, we were two happy young professionals living in Dayton, Ohio. But we weren’t truly happy. We were best friends in our late twenties, and we both had great six-figure jobs, nice cars, big houses, plenty of toys, and an abundance of stuff. And yet with all this stuff, we knew we were not satisfied with our lives. We knew we were not happy or fulfilled. We discovered that working 70–80 hours a week and buying more stuff didn’t fill the void.
Legacy: Gangsters, Corruption and the London Olympics by Michael Gillard
Robin Wales was first elected a Labour councillor in 1982 while still in his late twenties. Wales came from the right wing of the Labour movement and was made leader of Newham council shortly after Tony Blair took over a rebranded New Labour party in 1994. Both men shared a vision for the Docklands that attracted not just new business but a new type of resident, drawn from the ranks of young professionals already gentrifying deprived, multi-cultural boroughs such as Hackney and Lambeth in search of affordable private housing and expensive coffee. Since its creation, the London borough of Newham was largely white, working class and overwhelmingly tied to social housing. The seventies had seen the far-right National Front party achieve its biggest vote in Canning Town. ‘The area had the highest unemployment and the worst elements of racial harassment.
The Thatcher government was already lubricating public and private partnerships to invest in a new business airport and a railway system connecting the City to a new financial district – Canary Wharf. These infrastructure projects were some years off completion, but there were any number of old pubs, clubs and shop fronts that could be picked up cheaply to launder criminal activity and service the sexual urges of, initially, traditional East Enders, the growing immigrant community from the Asian sub-continent, and later, young professionals. Opportunity knocked when Holmes was asked if he wanted in on an investment in Newham. Days later at a spieler over a second-hand furniture shop, veteran south London villain, Ronnie Olliffe, laid out the proposition. Holmes knew Olliffe through the porn game and supplied him with dirty magazines and videos. At the meeting, Holmes was told that ‘a young up and coming face called Davey Hunt from Canning Town’ had a gym that wasn’t making money.
Fred Schwed's Where Are the Customers' Yachts?: A Modern-Day Interpretation of an Investment Classic by Leo Gough
Albert Einstein, banking crisis, Bernie Madoff, corporate governance, discounted cash flows, diversification, fixed income, index fund, Long Term Capital Management, Northern Rock, passive investing, Ralph Waldo Emerson, random walk, short selling, South Sea Bubble, The Nature of the Firm, the rule of 72, The Wealth of Nations by Adam Smith, transaction costs, young professional
Pay off those cards! 6 PROFESSIONAL STOCK-PICKING ‘Thus far in our history there has been little evidence that there exists a demonstrable skill in managing security portfolios.’ DEFINING IDEA… I have no confidence in professional stock-picking. ~ PROFESSOR ALFRED STEINHERR, EMINENT BANKER In spite of all the hype, the grand offices, the PhDs in finance, the serried ranks of bright young professionals and the genuine advances in the theoretical understanding of finance and investment during the last half century, it is still as true today as it was in Fred Schwed’s that professional managers, as a group, have not demonstrated that they can consistently perform better than the average over an extended period of time (for an explanation of what ‘average’ may mean see chapter 13). It should be said though, that professional fund managers in general are probably better at managing security portfolios than you are, at least when dealing with technical matters.
Freedom by Daniel Suarez
augmented reality, big-box store, British Empire, Burning Man, business intelligence, call centre, cloud computing, corporate personhood, digital map, game design, global supply chain, illegal immigration, Naomi Klein, new economy, Pearl River Delta, plutocrats, Plutocrats, private military company, RFID, special economic zone, speech recognition, Stewart Brand, telemarketer, the scientific method, young professional
Most of the numbers floating over people's heads were negative: "-$23,393" hovering over a twentysomething woman on a cell phone, "-$839,991" over a dignified-looking man in his forties, "-$17,189" over his teenage daughter, and on it went. Number after number. Price raised his arms theatrically. "The net worth of everyone. Real-time financial data." He frowned. "A lot of red out there, but then again, this is America." Sebeck stared at the hundreds of numbers moving past him. Not every person had a number above them, but the vast majority did. A young professional couple with a baby, both of them with negative numbers in the forty thousand range. A poorly dressed woman in her sixties sat on a bench near the fountain with a bright green "$893,393" over her head. Sebeck kept staring at the numbers passing by. There was no anticipating who had money and who didn't. Some of the most successful-looking people seemed to be worst off. "Okay, Price. This is all very interesting, but I don't see what it proves.
They opened the door for him, and Ross got in. He noticed that there were no door handles on the inside, and a wire mesh stood between him and the front seat. He was now their prisoner. The officers got in front and drove off in dense traffic without a word either to each other or to Ross. They drove for only a few minutes before pulling to the curb on a highly fashionable restaurant block. The place was bustling with shoppers and young professionals. The men got out and opened the door for Ross, who stepped onto the sidewalk and met the gaze of his captor. "I'm confused. Am I bribing you or not?" The man just grabbed Ross's arm and along with his partner they moved toward an upscale martini bar done in clean Scandinavian glass and hardwoods with a minimalist logo that was so hip it would be indecipherable to Chinese and Scandinavians alike.
The Cheating Culture: Why More Americans Are Doing Wrong to Get Ahead by David Callahan
1960s counterculture, affirmative action, business cycle, corporate governance, corporate raider, creative destruction, David Brooks, deindustrialization, East Village, fixed income, forensic accounting, full employment, game design, greed is good, high batting average, housing crisis, illegal immigration, income inequality, job satisfaction, mandatory minimum, market fundamentalism, McMansion, microcredit, moral hazard, new economy, New Urbanism, offshore financial centre, oil shock, old-boy network, plutocrats, Plutocrats, postindustrial economy, profit maximization, profit motive, RAND corporation, Ray Oldenburg, Robert Bork, rolodex, Ronald Reagan, shareholder value, Shoshana Zuboff, Silicon Valley, Steve Jobs, The Bell Curve by Richard Herrnstein and Charles Murray, The Chicago School, Thorstein Veblen, War on Poverty, winner-take-all economy, World Values Survey, young professional, zero-sum game
"There is compelling evidence that concern about relative position is a deep-rooted and ineradicable element of human nature," Frank writes.34 So go ahead, feel sorry for that baseball benchwarmer pulling in paychecks bigger than anything most of us will see in our lifetime—but who shares a locker room with guys who make $10 million a year. Feel sorrier, though, for the sales manager at a Banana Republic who can barely make ends meet at a job selling expensive clothes to young professionals who make five times what she does. Worries about relative position are most wrenching when people are hurting economically and when competitive emotions are mixed with survival instincts. This is exactly the situation for tens of millions of Americans who were bypassed by the boom—yet see its fruits displayed before them every day. THE FALL OF TRUST in the United States over the past forty years has long been discussed and debated.
Get passed over for another candidate, and that gilded dream vanishes into thin air, replaced by the dreary prospect of actually working your way up in the world. Today, in the aftermath of the boom, the stakes are also high—namely, basic survival. Over two million jobs disappeared in the U.S. between 2001 and 2003, with some of the most competitive and lucrative industries getting hit the hardest. Stories abound of highly educated young professionals working in sales jobs or not working at all. With the stakes of job hunting now so high in both good times and bad, it should come as no surprise that more job seekers misrepresent their credentials. The American résumé, in fact, is right up there with lawyers' time sheets and corporate earnings statements as among the most misleading documents around. Many people start lying on their résumés while in school and continue to do so throughout their careers.
The Accidental Investment Banker: Inside the Decade That Transformed Wall Street by Jonathan A. Knee
barriers to entry, Boycotts of Israel, call centre, cognitive dissonance, commoditize, corporate governance, Corrections Corporation of America, discounted cash flows, fear of failure, fixed income, greed is good, if you build it, they will come, iterative process, market bubble, market clearing, Menlo Park, new economy, Ponzi scheme, pre–internet, risk/return, Ronald Reagan, shareholder value, Silicon Valley, technology bubble, young professional, éminence grise
We had talked about investment banking before and Kevin knew I was not really interested. Two things had changed. On my side, I knew life for those loyal to the former regime at United would be unpleasant once we handed the keys to the kingdom over to the coming dictatorship of the proletariat. On Kevin’s side, Thornton had now asked him to help build the European media effort by hiring a handful of smart, hungry, young professionals from the outside. And once given a task, Kevin did not like to fail. Thornton specifically wanted individuals who would not have been tainted by indoctrination into Goldman’s insular culture, whose epicenter was New York, so I fit the bill. “Kevin, I could have become a banker when I left school six years ago. I tried it, I didn’t like it, I’m doing other things. Why would I start over now doing something I never wanted to do in the first place?”
But to these traumatized individuals whose entire sense of worth had been wrapped up in the status afforded them by their job, it felt like it couldn’t.) There should be something incredibly liberating about that, I would suggest. Why don’t you think about who you are and what you really want to be rather than what someone else thinks you should be? At this point I would whip out what I still consider the best career-planning text for young professionals. I came to use German poet Rainer Maria Rilke’s Letters to a Young Poet as a kind of shock therapy for these broken men and women. I had purchased a stash of copies from Amazon for this purpose. For those of you who don’t remember from high school or college, Rilke writes to the poet of the title in order to warn him of the hardship involved in his chosen profession and counsels deep introspection.
Architect's Pocket Book of Kitchen Design by Charlotte Baden-Powell
Microwave ovens Microwave ovens, in one form or another are an essential appliance in today’s kitchen. They may only be used for minor tasks such as defrosting, warming plates or reheating food or they may be the sole oven in the kitchen when conventional cooking is combined with microwaving as in the combination microwave which allows for extra speed and efficiency. It is the essential appliance for busy young professionals working long hours who rely on ready-prepared frozen food for their evening meal. 108 Architect’s Pocket Book of Kitchen Design How microwaves work Microwaves are high frequency, short length, electromagnetic waves similar to TV radio waves. At the heart of the oven is a magnetron which converts the electric current into microfrequency waves (2450 MHz for an 850 W oven). Microwaves are reflected by metal, but can pass through most other materials.
Peak Car: The Future of Travel by David Metz
autonomous vehicles, bike sharing scheme, Clayton Christensen, congestion charging, crowdsourcing, David Attenborough, decarbonisation, disruptive innovation, edge city, Edward Glaeser, Just-in-time delivery, low cost airline, Network effects, Richard Florida, Robert Gordon, Silicon Valley, Skype, urban sprawl, yield management, young professional
People are willing to live in locations once considered rather remote because these have been made accessible by speedy and reliable rail travel, particularly for the journey to work. It is not only new housing that is changing what were previously the poorer neighbourhoods of East London. The increased access has encouraged people to buy and renovate existing housing, stimulated by prices lower than in more fashionable parts of the capital. Young professionals have been moving east, reviving neighbourhoods that are becoming more diverse in their social composition. As well as housing, transport investment has made possible a variety of major commercial and public developments in East London, notably London City Airport (suitable for short take‑off aircraft), a large exhibition centre, a major entertainment venue, university campuses, the site for the 2012 London Olympic Games and the adjacent large shopping centre, with more such developments expected.
City on the Verge by Mark Pendergrast
big-box store, clean water, Community Supported Agriculture, crowdsourcing, desegregation, edge city, Edward Glaeser, global village, housing crisis, hydraulic fracturing, income inequality, Jane Jacobs, jitney, liberation theology, mass incarceration, McMansion, New Urbanism, openstreetmap, Richard Florida, the built environment, The Death and Life of Great American Cities, the High Line, transatlantic slave trade, transit-oriented development, urban planning, urban renewal, urban sprawl, walkable city, white flight, young professional
Junk food was cheaper and easier to find than fresh fruit and vegetables. The “edge cities” surrounding the urban core, accessible only by automobile, leeched life and business from traditional downtowns. (In metro Atlanta, the oxymoronically named Perimeter Center exemplifies the phenomenon.) Over the past two decades, some US cities have clawed their way back to civility. Eschewing suburban commuter hell, empty nesters and young professionals have relocated to innovative cities such as Portland, Oregon; Seattle, Washington; and Charlotte, North Carolina, which are far ahead of Atlanta in terms of livable initiatives such as bike lanes, trails, parks, and streetcars. While not the only such urban project, the BeltLine is the most ambitious and transformative. And with its short, turbulent history, hubris, diversity, creative public-private partnerships, fraught politics, climate, and dramatically contrasting affluence and poverty, Atlanta can serve as a kind of petri dish for the remaking of a city.
“We’ve built about forty affordable homes,” Jeff Delp explained, “with zero interest mortgages.” Habitat for Humanity has also built homes there. “In the last six years, we rehabbed and flipped houses to bring in market-rate families, to create mixed-income blocks.” In 2008, about half of the homes in South Atlanta were vacant. Now the vacancy rate was only 15 percent. “Yes, we are slowly gentrifying the neighborhood, but in a good way,” Delp said. “Young professional African Americans are moving here, finding good prices on homes.” Gentrification itself is not necessarily a bad thing, according to Delp, who cited studies showing that the process generally helps residents who have at least graduated from high school. Years from now, when the paved BeltLine finally sweeps past South Atlanta, Delp thinks it will spawn businesses other than the current impoundment lots, junkyards, and trash recyclers.
Finance and the Good Society by Robert J. Shiller
Alvin Roth, bank run, banking crisis, barriers to entry, Bernie Madoff, buy and hold, capital asset pricing model, capital controls, Carmen Reinhart, Cass Sunstein, cognitive dissonance, collateralized debt obligation, collective bargaining, computer age, corporate governance, Daniel Kahneman / Amos Tversky, Deng Xiaoping, diversification, diversified portfolio, Donald Trump, Edward Glaeser, eurozone crisis, experimental economics, financial innovation, financial thriller, fixed income, full employment, fundamental attribution error, George Akerlof, income inequality, information asymmetry, invisible hand, joint-stock company, Joseph Schumpeter, Kenneth Arrow, Kenneth Rogoff, land reform, loss aversion, Louis Bachelier, Mahatma Gandhi, Mark Zuckerberg, market bubble, market design, means of production, microcredit, moral hazard, mortgage debt, Myron Scholes, Nelson Mandela, Occupy movement, passive investing, Ponzi scheme, prediction markets, profit maximization, quantitative easing, random walk, regulatory arbitrage, Richard Thaler, Right to Buy, road to serfdom, Robert Shiller, Robert Shiller, Ronald Reagan, selection bias, self-driving car, shareholder value, Sharpe ratio, short selling, Simon Kuznets, Skype, Steven Pinker, telemarketer, Thales and the olive presses, Thales of Miletus, The Market for Lemons, The Wealth of Nations by Adam Smith, Thorstein Veblen, too big to fail, Vanguard fund, young professional, zero-sum game, Zipcar
The Great Illusion, Then and Now 135 139 143 151 159 168 178 187 197 209 219 Epilogue: Finance, Power, and Human Values 231 Notes References Index 241 257 273 Preface to the Paperback Edition As I prepare the paperback edition of this book, Finance and the Good Society, tens of thousands of students around the world are about to enroll in university courses on economics and nance, just as even more young people are about to embark on careers that get them involved, one way or another, in nancial activities. These young people comprise the most signi cant audience for the paperback edition as they ponder their role in an expanding world of financial capitalism. While there is nothing especially novel about a new generation of students and young professionals assuming their places in classrooms and corporations and nonpro ts and regulatory agencies, in recent years there is something very new about the culture in which they will learn. That is, the part played by the new nancial technologies in precipitating the ongoing nancial crisis has become a matter of public as well as intellectual concern. Although the “Occupy Wall Street” and “Occupy London” movements and their variants have passed, their legacy of anger and criticism lives on.
An author needs to step aside at some point, but the thinking a book initiates never really ends. It is carried on by a multitude of others and intertwined with thinking in other books and other new public dialogues. This book is about progress and change, and even more than with most books it is intended as a conversation starter. It is in this spirit—the spirit of discussion, collaboration, and dialogue, leading to invention and change—that I invite nance students and young professionals to take part in the e ort to try to de ne a clear and compelling connection between finance and the good society. This book consists of two parts, following an introductory chapter. The introductory chapter establishes the context of nancial capitalism in modern history and global society, emphasizing the centrality of nancial innovations, from stock markets through mortgages, in contributing to the achievement of all of the varied long-term goals people have, and the role of the nance professions as “stewards” of society’s wealth.
Coming Apart: The State of White America, 1960-2010 by Charles Murray
affirmative action, assortative mating, blue-collar work, Community Supported Agriculture, corporate governance, David Brooks, en.wikipedia.org, feminist movement, George Gilder, Haight Ashbury, happiness index / gross national happiness, helicopter parent, illegal immigration, income inequality, job satisfaction, labor-force participation, longitudinal study, low skilled workers, Menlo Park, new economy, Ralph Nader, Richard Florida, Silicon Valley, Steve Jobs, The Bell Curve by Richard Herrnstein and Charles Murray, Unsafe at Any Speed, War on Poverty, working-age population, young professional
This is not to say that the faculty and students of Harvard and MIT shared the same tastes and preferences as everybody else in Cambridge. Rather, there weren’t enough of them to impose their will. They were a majority in only a few neighborhoods. A few years earlier, in the 1960 census, just 18 percent of the adults in Cambridge had college degrees and Cambridge’s median income was just $43,641. In 1963, the Harvard Square area had not yet begun to draw in young professionals who decided that they preferred Cambridge to the suburbs. The faculty and students of Harvard and MIT had not yet been reinforced by an influx of employees of high-tech industries and research organizations. Once you subtracted all the students, faculty, and university administrators living in Cambridge in 1963, most of the rest of Cambridge was a working-class and lower-middle-class community.
Juvenile crime and druggies might have become a problem by Fishtown’s traditional standards, but you still didn’t need to worry that you would be mugged walking home or that the convenience store would be robbed at gunpoint while you picked up a quart of milk late at night. And so first the pioneers—the artists and musicians without much money—started to move into Fishtown. In the last few years, affluent young professionals have expanded their beachhead. If you go to Fishtown today, you will see a streetscape that is still much like it used to be, but with occasional differences. Bars that used to specialize in Bud and Seagram’s Seven and (if you insisted on food) pig’s feet and Slim Jims now have sophisticated lighting, bars glistening with bottles of every kind of boutique alcohol, and menus that you might find on South Broad Street.
Targeted: The Cambridge Analytica Whistleblower's Inside Story of How Big Data, Trump, and Facebook Broke Democracy and How It Can Happen Again by Brittany Kaiser
Albert Einstein, Amazon Mechanical Turk, Asian financial crisis, Bernie Sanders, bitcoin, blockchain, Boris Johnson, Burning Man, call centre, centre right, Chelsea Manning, clean water, cognitive dissonance, crony capitalism, Dominic Cummings, Donald Trump, Edward Snowden, Etonian, haute couture, illegal immigration, Julian Assange, Mark Zuckerberg, Menlo Park, Nelson Mandela, off grid, open borders, Renaissance Technologies, Robert Mercer, rolodex, sentiment analysis, Silicon Valley, Silicon Valley startup, Skype, Snapchat, statistical model, the High Line, the scientific method, WikiLeaks, young professional
Despite the fact that we had backed candidates in the gubernatorial races in Mexico, we didn’t have the infrastructure in place. Our two team members had been able to query focus groups and do basic research, but they hadn’t built a database of any helpful size or relevance, and they’d been unable to do any proper modeling or targeting. When I arrived, I set out to assemble the database and create a dream team of young professionals, from both inside Mexico and out—researchers and creatives, pollsters and data scientists, radio and television producers, and social media influencers—to support a winning effort. As a U.S. citizen, I found it a fraught time to do business in Mexico, commercial or governmental—never mind at the presidential level. Trump had demonized the very people with whom I was going to work, and my success with clients required caution, humility, apology, diplomacy, and patience.
Though not an official delegate to the conference, I made my way to the Hilton Midtown—funnily enough, a place I hadn’t been to since Alexander gave a talk there on behavioral microtargeting—not knowing what to expect, but dying to meet one of my heroes. Inside, I made my way to the back of the conference room, from where I listened intently to Ellsberg’s words. “What would you do if you were a young professional working at your dream job,” Ellsberg said, “and you discover that your employer was lying to the public, promoting a disastrous foreign war, and steadily expanding a weapons program that threatened to destroy human life on earth?” I was taken aback. It felt too close to home. When Ellsberg got offstage, he was surrounded: everyone from lawyers in slick New York suits to grandmotherly looking women in knit dresses moved in to shake his hand and thank him for taking such a great risk in the face of adversity.
Saving America's Cities: Ed Logue and the Struggle to Renew Urban America in the Suburban Age by Lizabeth Cohen
activist lawyer, affirmative action, Albert Einstein, anti-communist, British Empire, Buckminster Fuller, car-free, charter city, deindustrialization, desegregation, Edward Glaeser, garden city movement, ghettoisation, Henry Ford's grandson gave labor union leader Walter Reuther a tour of the company’s new, automated factory…, hiring and firing, housing crisis, income inequality, indoor plumbing, Jane Jacobs, land reform, megastructure, new economy, New Urbanism, Peter Eisenman, postindustrial economy, race to the bottom, rent control, Robert Gordon, rolodex, Ronald Reagan, the built environment, The Death and Life of Great American Cities, union organizing, upwardly mobile, urban decay, urban planning, urban renewal, Victor Gruen, Vilfredo Pareto, walkable city, War on Poverty, white flight, white picket fence, young professional
This history of making and keeping American cities viable remains relevant in the twenty-first century because many cities are still challenged by formidable problems. Today, urban America contends with a sharp contradiction. The good news is that after years of disinvestment and disinterest from middle-class metropolitan residents who preferred to head back to the suburbs at the end of every workday—the reality that Ed Logue battled—urban living appeals again. Whether young professionals employed at start-ups and tech firms increasingly locating downtown or formerly suburban empty nesters returning to the city, these new urbanites are willing to pay more and live smaller to be in the city, so long as it is the prospering kind that has successfully transitioned from a declining industrial to a flourishing postindustrial economy. New York, Boston, San Francisco, Atlanta, Chicago, Los Angeles, and their peers are considered attractive; Detroit, Baltimore, Milwaukee, Newark, and Memphis much less so.
Soon after he started working as general counsel at the Redevelopment Agency, he was assigned to complete a form for the Feds outlining all the Connecticut statutes relevant to urban renewal. “I did a lousy job,” he said. When he handed it to Logue, Grabino recalled, “He lace[d] into me, like Logue always did … and he was right. So I took it back, and I redid it. And from that day on, I resolved that that is never going to happen again.”30 For young professionals like Grabino, Ed Logue became a mentor and a model of a self-assured, rigorous, and principled public servant who knew how to get results. Some subordinates, however, chafed at Logue’s demanding management style. Soon after Allan Talbot arrived to work in the New Haven Redevelopment Agency, one of his first assignments was to prepare the annual report for the agency. “He looked at my script and kind of threw it away, and said some expletive, that this was totally inadequate, and [when] I began to question what was inadequate about it, he took the chair from behind his desk and threw it across the room,” Talbot said.
I think I’m going to want you to come … This is going to be really important.’”64 New blood soon arrived as well. Lawrence Goldman was twenty-eight in 1973, with an almost-completed Princeton Ph.D. dissertation on a planned town outside London, when he jumped at the chance to become Logue’s special assistant and join a “veritable children’s brigade of smart—and sometimes smart-assed—uncontainable young professionals…, the best and the brightest.”65 Richard Kahan was a Columbia law student in 1971 when he started working at the UDC: “There was this great sense of momentum and everybody feeling they were part of something historic and wanting to kill for this guy … He was a two-fisted, roll-up-your-sleeves, let’s-get-down-in-the-dirt-and-make-things-happen kind of progressive.”66 Paul Byard, a graduate of Yale College and Harvard Law, was hungry for a job with more social value than his current one at a prestigious New York law firm.
Concretopia: A Journey Around the Rebuilding of Postwar Britain by John Grindrod
Berlin Wall, garden city movement, housing crisis, Jane Jacobs, Kickstarter, megastructure, Neil Kinnock, New Urbanism, Right to Buy, side project, The Death and Life of Great American Cities, urban decay, urban planning, urban renewal, urban sprawl, women in the workforce, young professional
By 1956 it had the highest birth-rate in the country, and cheeky Daily Mirror journalists coined a phrase that would haunt Harlow for decades: ‘pram town’. In the Museum there are amazing photos of high streets completely rammed with coach-sized baby carriages. ‘If you went into Sainsbury’s or Boots or Woolworths you just parked your pram outside – with the baby in it!’ said Janet, shaking her head in disbelief at the memory. The photos highlighted the unbalanced nature of the town’s population, which was heavily weighted towards young professionals. Indeed, Ben Hyde Harvey, General Manager of the corporation, predicted in 1957 that ‘virtually no one will die in Harlow for 30 years.’21 This youthful, middle class workforce had been attracted by the concentration of high-tech industry: something all the new towns had in common, bar the handful that had been built around coal or steel. ‘If you were a businessman with a start-up business like my own father,’ said museum curator David Devine, ‘they said, well you’re going to bring enterprise to the town, you’re going to bring employment, you can come to Harlow.’
And the residents’ societies empowered people to have a say in how their communities were run so that brought people together again. Obviously my sister and I were quite young at the time, but it was the social life that was so important. As soon as you moved in people would be knocking on your door saying “how are you?” “where have you come from?”.’ Patrick’s family had arrived from Birmingham, via Staplehurst. His parents were typical of the kind of young professionals that New Ash Green was attracting. ‘He was an interior designer, she was a schoolteacher. They were the archetypal Span residents! People had come to New Ash Green to make it work, to participate in what many were describing at the time as a social experiment. It was fantastic. People were interested in people, and interested in the place as well. People coming here in the late sixties and early seventies brought their culture and interests with them so within months you’d have various societies being formed in people’s houses.
Occupying Wall Street: The Inside Story of an Action That Changed America by Writers For The 99%
Bay Area Rapid Transit, citizen journalism, collective bargaining, desegregation, feminist movement, income inequality, McMansion, Mohammed Bouazizi, Occupy movement, Port of Oakland, We are the 99%, young professional
The day coincided with ComicCon, a gathering of comic book fanatics from around the nation, and ZombieCon which is, according to its Web site, “a loosely organized group of bloodthirsty zombies” who “gather once a year to attack NYC in a theatrical, absurdist parody of blind consumerism and brainless politics.” Attendees from both conventions joined the demonstrators in full character costume, lending the protest a unique visual flair, as superheroes and zombies mingled easily with the city’s indignant, sign-wielding 99 percent. Along with students, the imaginary and the undead, the Times Square protest drew families with children, workers, the jobless and young professionals. Ilektra Mandragou, a freelance designer, came with her husband, a CUNY graduate student and adjunct professor. She held a sign that said, “I am an immigrant. I came to take your job. But you don’t have one.” As more people joined the crowd, the news crawl over their heads read, “Occupy Wall Street Movement Goes Worldwide,” a reference to the solidarity protests taking place in more than 80 countries that day.
How to Be Right: In a World Gone Wrong by James O'Brien
Boris Johnson, clockwatching, collective bargaining, death of newspapers, Donald Trump, game design, housing crisis, mass immigration, plutocrats, Plutocrats, post-industrial society, QAnon, ride hailing / ride sharing, sexual politics, young professional
Changes to employment tribunal rules mean that, even when she has recourse to the law (after two years on the payroll), the expense of the process is profoundly off-putting. She is increasingly likely to be on a short-term contract, with few or none of the benefits her parents’ generation took for granted. And because the cost of renting and living in the cities where the work is concentrated is becoming prohibitively expensive, she is too fearful of losing the work she has to complain about her conditions. Arthur gets to blame immigrants; middle-class young professionals in similar situations, albeit office as opposed to van-based, are too well educated to fall for that, but instead fondly imagine that the Labour Party leader, Jeremy Corbyn, will somehow be able to deliver a brave new world. So these are the new ‘normals’: bosses get to do more or less what they want, while workers either blame their plight on immigration or ignore it altogether because the cost of simply staying afloat has become so high.
How Will You Measure Your Life? by Christensen, Clayton M., Dillon, Karen, Allworth, James
air freight, Clayton Christensen, disruptive innovation, hiring and firing, invisible hand, Iridium satellite, job satisfaction, late fees, Mahatma Gandhi, Nick Leeson, Silicon Valley, Skype, Steve Jobs, working poor, young professional
The consequences of letting that happen, however, can be enormous. I’ve known too many people like Steve, who have had to walk through a health struggle or a divorce or a job loss alone—with nobody to provide a sounding board or other means of support. That can be the loneliest place in the world. The Risk of Sequencing Life Investments One of the most common versions of this mistake that high-potential young professionals make is believing that investments in life can be sequenced. The logic is, for example, “I can invest in my career during the early years when our children are small and parenting isn’t as critical. When our children are a bit older and begin to be interested in things that adults are interested in, then I can lift my foot off my career accelerator. That’s when I’ll focus on my family.” Guess what.
The Rough Guide to Cape Town, Winelands & Garden Route by Rough Guides, James Bembridge, Barbara McCrea
affirmative action, Airbnb, blood diamonds, British Empire, Cape to Cairo, carbon footprint, colonial rule, F. W. de Klerk, ghettoisation, haute cuisine, Maui Hawaii, Murano, Venice glass, Nelson Mandela, out of africa, ride hailing / ride sharing, Robert Gordon, Skype, sustainable-tourism, trade route, transfer pricing, young professional
Check their website and Facebook page for occasional Open Studio Nights. Observatory Abutting the southeastern end of Woodstock, “Obs” is generally regarded as Cape Town’s bohemian hub, a reputation fuelled by its proximity to the University of Cape Town in Rondebosch and its large student population. Many of the houses here are student digs, but the narrow Victorian streets are also home to a fun-loving crowd of young professionals, artists and musicians. With their wrought-iron balconies, the attractively dilapidated and peeling buildings on Lower Main Road, and the streets off this atmospheric main drag, have some inviting neighbourhood cafés and bars, while the shops sell everything from wholefood and cheese to African fabrics and antiques. Heart of Cape Town Museum Old Building, Groote Schuur Hospital, Main Rd • Daily 9am–5pm; guided tours at 9am, 11am, 1pm & 3pm • R300 including tour • 021 404 1967, heartofcapetown.co.za Towering over “hospital bend” on the N2 as it curves around Devil’s Peak, the hulking Groote Schuur Hospital witnessed history in 1967, when pioneering cardiac surgeon Christiaan Barnard performed the world’s first successful heart transplant here.
Take the lift to the thirty-first floor of the ABSA Centre, one of Cape Town’s landmark towers, for a night of wraparound views. At its Friday and Saturday shindigs and special events, the recently renovated club makes the party people feel on top of the world. Cover charge R100, drinks R50. Men must be over 23, women over 21. Fri & Sat 10pm–3am. TjingTjing 165 Longmarket St 021 422 4374, tjingtjing.co.za; map. This rooftop cocktail bar is a low-key favourite for young professionals with its indie and electronica soundtrack and tempting menu of classic and house cocktails (R58–95) – expect unusual ingredients like candyfloss-infused vodka, Jelly Babies and cinnamon. Tapas are also offered, while Torii serves Asian food downstairs, and free wine tastings take place from 5pm to 7pm on Wednesdays. Tues–Fri 4pm–2am, Sat 6.30pm–2am. Twankey Bar Cnr Wale and Adderley Sts 021 819 2000, tajcapetown.co.za; map.
Rough Guide to San Francisco and the Bay Area by Nick Edwards, Mark Ellwood
1960s counterculture, airport security, back-to-the-land, Bay Area Rapid Transit, British Empire, Burning Man, California gold rush, carbon footprint, City Beautiful movement, El Camino Real, Electric Kool-Aid Acid Test, glass ceiling, Golden Gate Park, Haight Ashbury, haute cuisine, Joan Didion, Kickstarter, Loma Prieta earthquake, Menlo Park, Nelson Mandela, period drama, pez dispenser, Port of Oakland, rent control, Ronald Reagan, Rosa Parks, Sand Hill Road, Silicon Valley, South of Market, San Francisco, Steve Jobs, Steve Wozniak, strikebreaker, transcontinental railway, unpaid internship, upwardly mobile, urban decay, urban planning, urban renewal, white picket fence, Works Progress Administration, young professional
Many of the hippies escaped to the countryside as part of a fledgling “Back to the Land” movement, while a splinter group of gay men – including hardcore hippie Harvey Milk – emerged, moved to the Castro, and founded the gay liberation movement. 133 Cole Valley H aight-As hb ury an d w e s t o f C i v i c C e n t e r | Hayes Valley and Alamo Square 134 Just south of the commercialized strip of Haight-Ashbury’s main drag is Cole Valley, a tiny but welcome residential refuge, sandwiched between HaightAshbury to the northeast and the Sunset to the west. It’s home to young professionals and a few families although, like Cow Hollow, the area was originally full of dairy farms. There’s little to see or do here, other than eat, and the valley’s commercial center at the junction of Cole and Carl streets is crammed with laid-back cafés and a couple of outstanding restaurants. Crepes on Cole, 100 Carl St at Cole, was once The Other Café, one of the city’s premier comedy venues, which hosted early-career gigs by the likes of Robin Williams and Dana Carvey – the original sign’s been preserved.
A beautiful old bar with tiles on the floor, bow ties on the bartenders, and opera on the soundtrack; the back room is VIP only, so smile sweetly if you want to wangle a spot in with the 213 Bars , c l ub s , an d l i v e m us i c | Bars Lion Pub 2062 Divisadero St at Sacramento, Pacific Heights t 415/567-6565. Homey neighborhood spot complete with fireplace and lit candles serving a mixed gay/straight crowd of hipsters and young professionals. It’s known for fresh-pressed juice cocktails and the free cheese, crackers, and olives set out each night. Note that there’s no sign, so just follow the noise on the corner. Liverpool Lil’s 2942 Lyon St at Greenwich, on the edge of the Presidio t 415/921-6664. This Brit-centric, eccentric old-fashioned pub is refreshingly rough-edged amid the Marina’s hordes of wine bars. Come to drink pints of Bass ale and chow down on steak-andkidney pie until 1am most nights; for some reason, it’s popular with local windsurfers at weekends.
This former student café hangout has transformed itself into one of Palo Alto’s hottest bistros featuring “casual California” cuisine. A fine wine list and weekend brunch ($10–15) keep guests coming back for seconds. Cafés and bars For a student town, the nightlife in Palo Alto is very low-key, although the Stanfordites make up for the lack of nightclubs by browsing and chatting until late in the many cafés. Blue Chalk Café 630 Ramona St, Palo Alto t 650/326-1020. Young professionals and other Siliconites have been flocking to this wildly successful bar/pool hall/restaurant ever since it opened in 1993. Caffé del Doge 419 University Ave, Palo Alto t 650/323-3600. Relaxing, colorful hangout for Palo Alto’s intellectual crowd, a branch of the Venetian original. Caffé Verona 236 Hamilton Ave, Palo Alto t 650/326-9942. Relaxing hangout for Palo Alto’s intellectual crowd, who read, converse, or work on their computers over cappuccino.
The Mesh: Why the Future of Business Is Sharing by Lisa Gansky
Airbnb, Amazon Mechanical Turk, Amazon Web Services, banking crisis, barriers to entry, carbon footprint, Chuck Templeton: OpenTable:, cloud computing, credit crunch, crowdsourcing, diversification, Firefox, fixed income, Google Earth, industrial cluster, Internet of things, Joi Ito, Kickstarter, late fees, Network effects, new economy, peer-to-peer lending, recommendation engine, RFID, Richard Florida, Richard Thaler, ride hailing / ride sharing, sharing economy, Silicon Valley, smart grid, social web, software as a service, TaskRabbit, the built environment, walkable city, yield management, young professional, Zipcar
They’re going to help you build your business and refine your offering. When you’re confident that your offer is finely honed for your market, these early adopters will also help you grow through their social networks. This is all classic stuff, but especially true for a Mesh business. leap out from a base. As you start to dig in, whether you’re focused on single moms, aging parents, young professionals, or musicians, the vitality of the relationship is one of the single biggest assets you’re going to have in your business. Make the conversation palpable and interactive in order to build trust. Provoke your market. No one will notice you otherwise. You may annoy, but at least you’ll get a reaction. Seek joy and love, of course, but the worst outcome is that no one cares or engages. Your ability to continue an active dialogue, and continually anticipate and act on requests, will give you a huge advantage over any competitive company.
The Gig Economy: A Critical Introduction by Jamie Woodcock, Mark Graham
Airbnb, Amazon Mechanical Turk, autonomous vehicles, barriers to entry, British Empire, business process, business process outsourcing, call centre, collective bargaining, commoditize, corporate social responsibility, crowdsourcing, David Graeber, deindustrialization, disintermediation, en.wikipedia.org, full employment, future of work, gender pay gap, gig economy, global value chain, informal economy, information asymmetry, inventory management, Jaron Lanier, Jeff Bezos, job automation, knowledge economy, Lyft, mass immigration, means of production, Network effects, new economy, Panopticon Jeremy Bentham, planetary scale, precariat, rent-seeking, RFID, ride hailing / ride sharing, Ronald Reagan, self-driving car, sentiment analysis, sharing economy, Silicon Valley, Silicon Valley ideology, TaskRabbit, The Future of Employment, transaction costs, Travis Kalanick, two-sided market, Uber and Lyft, Uber for X, uber lyft, union organizing, women in the workforce, working poor, young professional
Over lunch he worked a shift for Deliveroo, making sure to grab something quick to eat on the way. In the afternoon he worked at the third job, before starting the evening shift at Deliveroo. The most challenging aspect of the work was making sure he ate enough food once he got home to ensure he had the energy to get up and repeat the process the next day. Deliveroo is marketed as a service for delivering food to stylish young professionals, but the reality is that many of his deliveries were to people too exhausted from working to make their own dinner. This is especially ironic given how Deliveroo brands itself. His story is therefore a damning indictment of the realities of gig work in London: a worker struggling to eat enough calories to deliver food to people who are too tired from work to make their own. Mark has been studying and speaking with cloudworkers in Sub-Saharan Africa since 2009.
The End of Cheap China: Economic and Cultural Trends That Will Disrupt the World by Shaun Rein
business climate, credit crunch, Deng Xiaoping, Donald Trump, facts on the ground, glass ceiling, high net worth, illegal immigration, income per capita, indoor plumbing, job-hopping, Maui Hawaii, price stability, quantitative easing, Silicon Valley, Skype, South China Sea, Steve Jobs, thinkpad, trade route, trickle-down economics, upwardly mobile, urban planning, women in the workforce, young professional, zero-sum game
One human resource executive in a state-owned oil company told me, “Our people are not trained well enough.” He repeated a common joke, “We have great hardware but bad software,” referring to human capital at his company. He told us he was planning to spend more on employee training, because the major problem keeping his company from achieving higher profits was the lack of qualified executives. Young professionals are even willing to pay out of their own pockets to compensate for perceived skill-set deficiencies and to become more competitive for higher bonuses and salaries. Out of several hundred 24- to 28-year-olds in Shanghai, Guangzhou, and Beijing, 70 percent told my firm in 2008 that they would be willing to spend 10 percent or more of their disposable income on extra training and education. An astounding 10 percent responded they would be willing to pay 20 percent or more.
Circus Maximus: The Economic Gamble Behind Hosting the Olympics and the World Cup by Andrew Zimbalist
airline deregulation, business cycle, carbon footprint, East Village, en.wikipedia.org, full employment, Gini coefficient, income inequality, longitudinal study, Nelson Mandela, New Urbanism, principal–agent problem, race to the bottom, selection bias, urban planning, young professional
The docklands light railway was the only form of public transportation connecting part of the area to the central city. By the late 1990s, Canary Wharf, part of the docklands project, had begun to attract financial firms, and subsequently expanded to include other businesses and upscale housing. One study on the docklands project commented that “criticism has focused upon the removal of local democratic controls and the replacement of the existing population by a new, more prosperous group of young professionals…. Tower Hamlets, the borough in which Canary Wharf is located, experienced a significant change in population…. In 1981 the authority had 85 percent council (public) housing and 15 percent private housing and by 2008 nearly 60 percent was private housing.”64 The new Stratford rapid train station and nearby housing are part of a project of the London and Continental Railways that was initiated in 1997.65 Hence, by 2003, when the government decided to pursue its Olympic bid, an extensive transportation plan and related development plan were already in place.
The Purpose Economy: How Your Desire for Impact, Personal Growth and Community Is Changing the World by Aaron Hurst
Airbnb, Atul Gawande, barriers to entry, big-box store, business process, call centre, carbon footprint, citizen journalism, commoditize, corporate social responsibility, crowdsourcing, disintermediation, Elon Musk, Firefox, glass ceiling, greed is good, housing crisis, informal economy, Jane Jacobs, jimmy wales, Khan Academy, Kickstarter, Lean Startup, longitudinal study, means of production, Mitch Kapor, new economy, pattern recognition, Peter Singer: altruism, Peter Thiel, QR code, Ray Oldenburg, remote working, Ronald Reagan, selection bias, sharing economy, Silicon Valley, Silicon Valley startup, Steve Jobs, TaskRabbit, Tony Hsieh, too big to fail, underbanked, women in the workforce, young professional, Zipcar
Often, they interact with other innovators. They also tend to have a financial and social cushion that can absorb the potential losses associated with trying something that doesn’t work. Elon Musk is one of these innovators, and he understood what it would take to get that group behind the wheel of an electric car. He would need to design a car that could be compelling enough to act as a status symbol for young professionals in the insular community of Silicon Valley. He knew his audience would be highly technologically literate and very social in both how they bought the car and how they talked about it. He needed a luxury car that would be the “it” car in Silicon Valley. But perhaps as importantly, he would need to find a solution for the incredibly expensive battery technology needed for the car to work. Just the battery for an electric car costs more than double the price of an entry-level car in the market.
Wild Ride: Inside Uber's Quest for World Domination by Adam Lashinsky
"side hustle", Airbnb, always be closing, Amazon Web Services, autonomous vehicles, Ayatollah Khomeini, business process, Chuck Templeton: OpenTable:, cognitive dissonance, corporate governance, DARPA: Urban Challenge, Donald Trump, Elon Musk, gig economy, Golden Gate Park, Google X / Alphabet X, information retrieval, Jeff Bezos, Lyft, Marc Andreessen, Mark Zuckerberg, megacity, Menlo Park, new economy, pattern recognition, price mechanism, ride hailing / ride sharing, Sand Hill Road, self-driving car, Silicon Valley, Silicon Valley startup, Skype, Snapchat, South of Market, San Francisco, sovereign wealth fund, statistical model, Steve Jobs, TaskRabbit, Tony Hsieh, transportation-network company, Travis Kalanick, turn-by-turn navigation, Uber and Lyft, Uber for X, uber lyft, ubercab, young professional
What was getting Campbell excited was what he calls his “side hustle,” a trendy expression associated with the so-called gig economy that once would have been called moonlighting. He was intrigued by personal finance, suddenly having some considerable disposable income, and so in 2012 he started a blog targeted at people like himself. It’s called Your Personal Finance Pro, with the tagline “Financial Advice for Young Professionals.” The blog was a small-scale success and generated good income for Campbell, nearly a couple thousand dollars a month for not very much effort. Campbell realized he immensely enjoyed the direct payoff blogging delivered, especially compared with his staid salaried job. “It was like, oh, man, I did that, I created that,” he says. “I think that’s a really cool feeling that a lot of people underestimate.”
50 Future Ideas You Really Need to Know by Richard Watson
23andMe, 3D printing, access to a mobile phone, Albert Einstein, artificial general intelligence, augmented reality, autonomous vehicles, BRICs, Buckminster Fuller, call centre, clean water, cloud computing, collaborative consumption, computer age, computer vision, crowdsourcing, dark matter, dematerialisation, digital Maoism, digital map, Elon Musk, energy security, failed state, future of work, Geoffrey West, Santa Fe Institute, germ theory of disease, global pandemic, happiness index / gross national happiness, hive mind, hydrogen economy, Internet of things, Jaron Lanier, life extension, Mark Shuttleworth, Marshall McLuhan, megacity, natural language processing, Network effects, new economy, oil shale / tar sands, pattern recognition, peak oil, personalized medicine, phenotype, precision agriculture, profit maximization, RAND corporation, Ray Kurzweil, RFID, Richard Florida, Search for Extraterrestrial Intelligence, self-driving car, semantic web, Skype, smart cities, smart meter, smart transportation, statistical model, stem cell, Stephen Hawking, Steve Jobs, Steven Pinker, Stewart Brand, strong AI, Stuxnet, supervolcano, telepresence, The Wisdom of Crowds, Thomas Malthus, Turing test, urban decay, Vernor Vinge, Watson beat the top human players on Jeopardy!, web application, women in the workforce, working-age population, young professional
In its place we’re seeing various family blends emerge. Indeed, the traditional family unit is becoming less traditional. However, the key trend isn’t families at all, but people living by themselves. Around 34 percent of people in the UK live alone. In the future, more people will be living alone or with platonic roommates outside traditional married relationships. While many house-sharers are likely to be young professionals, others may be elderly friends, sharing for safety, companionship and cost. Those who do live with their families could be part of a multigenerational cohabitation trend. Think of grandparents moving in to help with childcare or older kids not leaving home, to save money. “Loneliness is the ultimate poverty.” Abigail Van Buren, advice columnist Historically, people generally lived on their own because they were young, widowed or divorced.
Making Ideas Happen: Overcoming the Obstacles Between Vision and Reality by Scott Belsky
centralized clearinghouse, index card, lone genius, market bubble, Merlin Mann, New Journalism, Results Only Work Environment, rolodex, side project, Silicon Valley, Steve Jobs, Steve Wozniak, supply-chain management, Tim Cook: Apple, Tony Hsieh, young professional
Originally spawned from a 118-year-old “senior society,” a group of younger alumni started gathering in small groups to share career aspirations and personal challenges. What started years ago as a small experiment for alums to stay in touch has become a little-known global network of hundreds of emerging leaders who meet in small groups—and all together annually—for the sole purpose of sharing ideas, exchanging candid feedback, and fostering a sense of accountability. While most young professionals struggle to depart the security of a traditional career, the membership of this particular network of Cornell University graduates has a strong track record of defying the status quo to launch start-up businesses, found nonprofits, and run for political office much earlier than most. “This network has helped provide me more guts and more guidance,” remarks one member. Like the Forums in YPO, the small regional groups that meet often in this network are yet another example of the power of circles and how they motivate us to take risks and then follow through.
The Payoff by Jeff Connaughton
algorithmic trading, bank run, banking crisis, Bernie Madoff, collapse of Lehman Brothers, collateralized debt obligation, corporate governance, Credit Default Swap, credit default swaps / collateralized debt obligations, crony capitalism, cuban missile crisis, desegregation, Flash crash, locking in a profit, London Interbank Offered Rate, London Whale, Long Term Capital Management, naked short selling, Neil Kinnock, plutocrats, Plutocrats, Ponzi scheme, risk tolerance, Robert Bork, short selling, Silicon Valley, too big to fail, two-sided market, young professional
In Savannah, taste is refined, and I still haven’t seen a house that doesn’t look stylishly furnished and comfortably decorated in soothing colors. The crowd was mainly older people, in their sixties and seventies, but with a tiny smattering of younger people. Everyone was very nice, yet I felt like I’d parachuted into Savannah at an awkward in-between age. I missed the bright young Kaufman staff and DC’s young professional scene. I spoke to the host briefly, a man in his sixties, and his wife, who was an interior designer. We made an appointment for the following week to talk about decorating my house. A week later, I had to postpone our appointment. Before I could reschedule, I ran into one of my neighbors. He told me there was sad news about the party host. I hadn’t heard. The wife, he said, came home and found him.
Different: Escaping the Competitive Herd by Youngme Moon
AltaVista, Atul Gawande, business cycle, commoditize, creative destruction, hedonic treadmill, Richard Feynman, Saturday Night Live, selection bias, The Wisdom of Crowds, Thorstein Veblen, young professional
In fact, the entire marketing endeavor had an offbeat, fanciful flavor to it. Promotional materials referred to the AIBO as an autonomous pet with an individualistic personality—literal y, a “mind of its own”—while the advertising copy was infused with a strong tongue-in-cheek inflection. As for the primary target market for the device, it consisted of senior citizens, parents with smal children, and busy young professionals—people who wanted the “fun of a living creature, without the messy inconvenience.” The approach was particularly quirky when you considered the guts of the machine. The AIBO was no cheap plaything—it was priced at a whopping $2,500 (a price that didn’t even cover the company’s cost of production) and it included some pretty hard-core technology: the latest artificial intel igence, a 64-bit RISC processor, a 180,000-pixel color CCD camera with infrared sensors.
I Am Not Myself These Days: A Memoir by Josh Kilmer-Purcell
The caterers have been at the apartment most of the afternoon cooking and 83 JOSH KILMER-PURCELL setting up while we’re emptying out my old home. He decided that a party would be a good way for me to meet all his friends and him to meet mine all at once. It’s an interesting guest list. Most of Jack’s friends are other escorts, but he still has several friends from his college school days at Columbia. He quit Columbia halfway through, and many of his friends are grad students or young professionals. I invited several people from the advertising agency as well as assorted drag queens and club kids. Two of Jack’s best friends are Ryan and Grey. They’ve been boyfriends for ﬁve years, and Jack has known Grey since they were in Cub Scouts together in California. When Grey ﬁrst moved to New York, Jack set him up in the escort business, helping him to craft his ﬁrst ad in the back of HX Magazine, and introducing him to the few escort agencies in New York that deal in male hookers.
The Self-Made Billionaire Effect: How Extreme Producers Create Massive Value by John Sviokla, Mitch Cohen
business cycle, Cass Sunstein, Colonization of Mars, corporate raider, Daniel Kahneman / Amos Tversky, Elon Musk, Frederick Winslow Taylor, game design, global supply chain, James Dyson, Jeff Bezos, John Harrison: Longitude, Jony Ive, loss aversion, Mark Zuckerberg, market design, old-boy network, paper trading, RAND corporation, randomized controlled trial, Richard Thaler, risk tolerance, self-driving car, Silicon Valley, smart meter, Steve Ballmer, Steve Jobs, Steve Wozniak, Tony Hsieh, Toyota Production System, young professional
PwC colleagues Kate and Abby led the book’s research effort. They located and organized a vast amount of unwieldy, hard-to-find information and managed research teams. Their work provided the foundation for our narrative. Kate and Abby also deftly navigated relationships with other partners across the firm and helped us gain access to a number of the billionaires we interviewed. They epitomize what we look for in young professionals at PwC. Tim Ogden and Laura Starita, respectively the executive partner and managing partner of the communications firm Sona Partners, are themselves a great founding duo. Their mission is to explore “ideas that matter,” and they live up to it. We always knew that we were dealing with not simply fellow writers but thinking partners who had the courage and patience to delve into the ideas, roll them around in the baths of data, compare them with other relevant research, and take the time to get both the thinking and the argument right.
Hit Refresh: The Quest to Rediscover Microsoft's Soul and Imagine a Better Future for Everyone by Satya Nadella, Greg Shaw, Jill Tracie Nichols
"Robert Solow", 3D printing, Amazon Web Services, anti-globalists, artificial general intelligence, augmented reality, autonomous vehicles, basic income, Bretton Woods, business process, cashless society, charter city, cloud computing, complexity theory, computer age, computer vision, corporate social responsibility, crowdsourcing, Deng Xiaoping, Donald Trump, Douglas Engelbart, Edward Snowden, Elon Musk, en.wikipedia.org, equal pay for equal work, everywhere but in the productivity statistics, fault tolerance, Gini coefficient, global supply chain, Google Glasses, Grace Hopper, industrial robot, Internet of things, Jeff Bezos, job automation, John Markoff, John von Neumann, knowledge worker, Mars Rover, Minecraft, Mother of all demos, NP-complete, Oculus Rift, pattern recognition, place-making, Richard Feynman, Robert Gordon, Ronald Reagan, Second Machine Age, self-driving car, side project, Silicon Valley, Skype, Snapchat, special economic zone, speech recognition, Stephen Hawking, Steve Ballmer, Steve Jobs, telepresence, telerobotics, The Rise and Fall of American Growth, Tim Cook: Apple, trade liberalization, two-sided market, universal basic income, Wall-E, Watson beat the top human players on Jeopardy!, young professional, zero-sum game
It was early 1960s, and Jawaharlal Nehru was India’s first prime minister following Gandhi’s historic movement, which had achieved independence from Great Britain. For that generation entering the civil service and being part of the birth of a new nation was a true dream come true. The IAS was essentially a remnant of the old Raj system left by the British to govern after the UK turned over control of the country in 1947. Only about a hundred young professionals per year were selected for the IAS, and so at a very young age my father was administering a district with millions of people. Throughout my childhood, he was posted in many districts across the state of Andhra Pradesh in India. I remember moving from place to place, growing up in the sixties and early seventies in old colonial buildings in the middle of nowhere with lots of time and space, and in a country being transformed.
The Complete Guide to Property Investment: How to Survive & Thrive in the New World of Buy-To-Let by Rob Dix
It means that if I haven’t done it myself, I’ve spoken (at length) to multiple people who have. My own strategy? Well, it’s evolved over time – and I’ve certainly had my fair share of getting sidetracked. When I started out, all I cared about was buying as much rental income as I could, as cheaply as possible. That approach led me to good-quality ex-council flats in London, which nobody else wanted to buy – especially after the mid-2000s crash – yet rented spectacularly well to young professionals. Over time I came to think more in terms of total asset growth: parking my savings in quality properties that make me money each month but also have good growth potential. Additionally, I began adding to those savings by flipping the odd property where possible. (I can’t shake my old yield-monkey tendencies completely though, and occasionally I’ll buy properties with limited growth potential if I can get a great return while leaving little cash in the deal.)
ECOVILLAGE: 1001 ways to heal the planet by Ecovillage 1001 Ways to Heal the Planet-Triarchy Press Ltd (2015)
Berlin Wall, carbon footprint, Community Supported Agriculture, Fall of the Berlin Wall, Food sovereignty, land tenure, Nelson Mandela, new economy, New Urbanism, Occupy movement, off grid, Ronald Reagan, young professional
Her main emphasis is on peace, ecology, community and women. she has worked for the press and radio for 25 years, and is a screenwriter and director for both stage and film. She was the editor of the magazine The female voice - politics of the heart. She was press officer of the house of democracy in Berlin, the ZEGG in Belzig and Tamera in Portugal, where she mainly lives today. Since 2012, she has been the editor of the GEN-International Newsletters. She teaches constructive journalism for young professionals and students, as well as for journalists working in crisis regions. She is the author of several books.
The Economic Singularity: Artificial Intelligence and the Death of Capitalism by Calum Chace
3D printing, additive manufacturing, agricultural Revolution, AI winter, Airbnb, artificial general intelligence, augmented reality, autonomous vehicles, banking crisis, basic income, Baxter: Rethink Robotics, Berlin Wall, Bernie Sanders, bitcoin, blockchain, call centre, Chris Urmson, congestion charging, credit crunch, David Ricardo: comparative advantage, Douglas Engelbart, Elon Musk, en.wikipedia.org, Erik Brynjolfsson, Flynn Effect, full employment, future of work, gender pay gap, gig economy, Google Glasses, Google X / Alphabet X, ImageNet competition, income inequality, industrial robot, Internet of things, invention of the telephone, invisible hand, James Watt: steam engine, Jaron Lanier, Jeff Bezos, job automation, John Markoff, John Maynard Keynes: technological unemployment, John von Neumann, Kevin Kelly, knowledge worker, lifelogging, lump of labour, Lyft, Marc Andreessen, Mark Zuckerberg, Martin Wolf, McJob, means of production, Milgram experiment, Narrative Science, natural language processing, new economy, Occupy movement, Oculus Rift, PageRank, pattern recognition, post scarcity, post-industrial society, post-work, precariat, prediction markets, QWERTY keyboard, railway mania, RAND corporation, Ray Kurzweil, RFID, Rodney Brooks, Sam Altman, Satoshi Nakamoto, Second Machine Age, self-driving car, sharing economy, Silicon Valley, Skype, software is eating the world, speech recognition, Stephen Hawking, Steve Jobs, TaskRabbit, technological singularity, The Future of Employment, Thomas Malthus, transaction costs, Tyler Cowen: Great Stagnation, Uber for X, uber lyft, universal basic income, Vernor Vinge, working-age population, Y Combinator, young professional
This was aggravated by the recession which began in 2007: the average American family’s net worth fell from $136,000 in 2007 to $81,000 in 2013. Wealth inequality is far more extreme in today’s world than income inequality, both globally and within individual nations. It is also less significant. The charity Oxfam created a stir in January 2016 by claiming that the richest 62 people own as much as the poorest 50% of the world.[cccxxiii] The figure may or may not be correct, but it tells us less than it appears to. A young professional in New York living a life of luxury and excess may have no net assets, but it would be perverse to describe her as poor. Furthermore, if the richest billionaires gave their wealth to the poorest half of the world, it would amount to a one-off payment of few hundred dollars each.[cccxxiv] Nevertheless, if you are one of the lucky minority with substantial net assets, you might be wondering how you will be affected if and when technological unemployment takes hold.
A World of Three Zeros: The New Economics of Zero Poverty, Zero Unemployment, and Zero Carbon Emissions by Muhammad Yunus
active measures, Bernie Sanders, Capital in the Twenty-First Century by Thomas Piketty, clean water, conceptual framework, crony capitalism, distributed generation, Donald Trump, financial independence, fixed income, full employment, high net worth, income inequality, Indoor air pollution, Internet of things, invisible hand, Jeff Bezos, job automation, Lean Startup, Mark Zuckerberg, megacity, microcredit, new economy, Occupy movement, profit maximization, Silicon Valley, the market place, The Wealth of Nations by Adam Smith, too big to fail, unbanked and underbanked, underbanked, urban sprawl, young professional
The attendees saw a huge potential: What if the current generation of social business leaders shared what they know with the next generation of social entrepreneurs? Y&Y was born from that insight. Its central purpose is to provide eager, ambitious young social business entrepreneurs with the guidance, advice, and support they need to turn their dreams into practical realities. Today, Y&Y has offices in the United States, Brazil, and Morocco. The organization is led by a global team of young professionals from eight countries and from many different walks of life—graduate students and consultants, journalists and graphic designers, including people who have worked for Google, McKinsey & Company, and Grameen Bank, along with Rhodes and Fulbright scholars, engineers, and poets. Their chief mission is to identify, recruit, and incubate some of the next generation of social business leaders. Young people who are selected to become Y&Y fellows are guided through a unique curriculum that teaches them lean startup principles that help them build successful social businesses that are sustainable and strategically sound.
Automating Inequality by Virginia Eubanks
autonomous vehicles, basic income, business process, call centre, cognitive dissonance, collective bargaining, correlation does not imply causation, deindustrialization, disruptive innovation, Donald Trump, Elon Musk, ending welfare as we know it, experimental subject, housing crisis, IBM and the Holocaust, income inequality, job automation, mandatory minimum, Mark Zuckerberg, mass incarceration, minimum wage unemployment, mortgage tax deduction, new economy, New Urbanism, payday loans, performance metric, Ronald Reagan, self-driving car, statistical model, strikebreaker, underbanked, universal basic income, urban renewal, War on Poverty, working poor, Works Progress Administration, young professional, zero-sum game
For others, it was a surprisingly successful battle to protect land and housing for Skid Row’s poor and working-class inhabitants. Until recently, the Blue Book’s pioneering strategy to defend Skid Row worked. The neighborhood continued to be a “set-aside community” for the poor, working class, and unhoused. For four decades, its residents have worked hard to create community in the face of the city’s strategy of malign neglect. But in the past decade, the neighborhood has undergone rapid transformation. Young professionals rejecting the suburbs and Los Angeles traffic sought out raw urban apartments and the services that cater to the wealthy followed: artisanal food shops, bespoke juiceries, craft coffee bars. Nightclubs capitalized on the neighborhood’s colorful past but roped off their entrances and upscaled their drink prices. The resident population of downtown LA grew by more than 23,500 between 2006 and 2013.
Sleeping Giant: How the New Working Class Will Transform America by Tamara Draut
affirmative action, Affordable Care Act / Obamacare, always be closing, American ideology, battle of ideas, big-box store, blue-collar work, collective bargaining, creative destruction, David Brooks, declining real wages, deindustrialization, desegregation, Detroit bankruptcy, Donald Trump, Edward Glaeser, ending welfare as we know it, Ferguson, Missouri, financial deregulation, full employment, immigration reform, income inequality, invisible hand, job satisfaction, knowledge economy, knowledge worker, low skilled workers, mass incarceration, minimum wage unemployment, mortgage tax deduction, new economy, obamacare, occupational segregation, payday loans, pink-collar, plutocrats, Plutocrats, Powell Memorandum, profit motive, race to the bottom, Ralph Nader, rent-seeking, rising living standards, Ronald Reagan, shared worldview, The Bell Curve by Richard Herrnstein and Charles Murray, The Wealth of Nations by Adam Smith, trickle-down economics, union organizing, upwardly mobile, War on Poverty, white flight, women in the workforce, young professional
I’ve tried in my writing to emphasize that it’s the entry points into the middle class that have evaporated, focusing on the reality that it is harder now either to work or to educate your way into the middle class. When I wrote my first book, Strapped, which focused on what was happening to young people trying to get ahead in an era of inequality and finance-driven capitalism, I purposefully told the stories of young people who hadn’t finished college. But the media interviews for my book almost exclusively focused on the problems confronting young professionals. There are real issues there, but when you compare those issues—doubling or tripling up in an apartment in a hip neighborhood to afford rent, say—to those of a thirty-something working as a cashier with unstable hours, struggling to find and pay for child care, it’s the mom in a crumbling neighborhood who needs much more of our political attention and public concern. And it’s her challenges that are faced by many more Americans than the issues confronting an upwardly mobile urban professional.
The Bend of the World: A Novel by Jacob Bacharach
Your pizza deliveryman took it, along with a twenty-dollar bill and three Pabsts from your refrigerator. Shit, said Johnny. You should do less drugs, said Targivad. No fucking kidding, I said. Shut it down, said Johnny. You hot dogs, said Targivad, have not kept an eye out. That’s probably true, I said. The Time Being commands me to say unto you that, verily, thou art a pair of major fuckups. Hey, I said. Tell that to this guy. I pointed a thumb at Johnny. I’m a fucking young professional. Oh, fine, said Johnny. Throw me under the bus. Get it together, said Targivad. Yeah, whatever, I said. The promise of your youth is wasted on your adult lives, Targivad replied. You cling to youth but not its promise; you are seeds that have sprouted into vines that bear no fruit. Johnny bears fruit, I said. Oh, ha ha, said Johnny. Boys, Targivad snapped. You only get one life. Your account is full of time.
Lean In: Women, Work, and the Will to Lead by Sheryl Sandberg
affirmative action, business process, Cass Sunstein, constrained optimization, experimental economics, fear of failure, gender pay gap, glass ceiling, job satisfaction, labor-force participation, longitudinal study, Mark Zuckerberg, meta analysis, meta-analysis, old-boy network, Richard Thaler, risk tolerance, Silicon Valley, social graph, women in the workforce, young professional
The further out from graduation, the lower the full-time employment rate of women (Catalyst, Center for the Education of Women at the University of Michigan, University of Michigan Business School, 2000). For more on these surveys, see Claudia Goldin and Lawrence F. Katz, “Transitions: Career and Family Life Cycles of the Educational Elite,” American Economic Review: Papers & Proceedings 98, no. 2 (2008): 363–69; Marianne Bertrand, Claudia Goldin, and Lawrence F. Katz, “Dynamics of the Gender Gap for Young Professionals in the Financial and Corporate Sectors,” American Economic Journal: Applied Economics 2, no. 3 (2010): 228–55; and Catalyst, Center for the Education of Women at the University of Michigan, University of Michigan Business School, Women and the MBA: Gateway to Opportunity (2000). 2. Judith Rodin, in discussion with the author, May 19, 2011. 3. National Center for Education Statistics, “Table 283: Degrees Conferred by Degree-Granting Institutions, by Level of Degree and Sex of Student: Selected Years, 1869–70 Through 2021–22,” Digest of Education Statistics (2012), http://nces.ed.gov/programs/digest/d12/tables/dt12_283.asp. 4.
The Education of a Value Investor: My Transformative Quest for Wealth, Wisdom, and Enlightenment by Guy Spier
Albert Einstein, Atul Gawande, Benoit Mandelbrot, big-box store, Black Swan, Checklist Manifesto, Clayton Christensen, Daniel Kahneman / Amos Tversky, Exxon Valdez, Gordon Gekko, housing crisis, information asymmetry, Isaac Newton, Kenneth Arrow, Long Term Capital Management, Mahatma Gandhi, mandelbrot fractal, Nelson Mandela, NetJets, pattern recognition, pre–internet, random walk, Ronald Reagan, South Sea Bubble, Steve Jobs, winner-take-all economy, young professional, zero-sum game
Luckily for me, this isn’t a scientific book, so I don’t have to prove or explain any underlying science (if there is any). But I can tell you authoritatively that, on a subjective level, this has worked for me. The minute I started mirroring Buffett, my life changed. It was as if I had tuned in to a different frequency. My behavior shifted, and I was no longer stuck. So how can you apply these insights? We all know that mentoring is a big deal. Students and young professionals are often told to seek out mentors, just as those of us who are further along are supposed to find people to mentor. That’s all well and good if your heroes are accessible. Mine wasn’t. Buffett wasn’t sitting in his office in Omaha waiting for a call from this tainted graduate of D. H. Blair. Thankfully, this didn’t matter. I could get many—if not all—of the benefits of having him as a mentor by studying him relentlessly, and then imagining what he would have done in my shoes.
Dead Companies Walking by Scott Fearon
bank run, Bernie Madoff, business cycle, corporate raider, creative destruction, crony capitalism, Donald Trump, Eugene Fama: efficient market hypothesis, fear of failure, Golden Gate Park, hiring and firing, housing crisis, index fund, Jeff Bezos, Joseph Schumpeter, late fees, McMansion, moral hazard, new economy, pets.com, Ponzi scheme, Ronald Reagan, short selling, Silicon Valley, Snapchat, South of Market, San Francisco, Steve Jobs, survivorship bias, Upton Sinclair, Vanguard fund, young professional
But even after several years in business, no one had figured out how to turn that theory into real-life revenues. Like PlanetRx, Webvan, and just about every other dotcom company at the time, the only thing Women.com excelled at was spending its investors’ cash. Of course, that didn’t stop its stock price from shooting up way higher than it had any right to. Women.com’s CEO was a petite, fast-talking young professional named Marleen. She showed me a slide deck on her laptop of the company’s various web portals. They had sites that dealt with pregnancy, parenting, fashion, cooking, careers, and dozens of other topics—pretty much anything and everything a web-surfing female might be interested in. “We’re one of only two companies in the country targeting this demographic,” Marleen explained with a winning smile.
Tech Titans of China: How China's Tech Sector Is Challenging the World by Innovating Faster, Working Harder, and Going Global by Rebecca Fannin
Airbnb, augmented reality, autonomous vehicles, blockchain, call centre, cashless society, Chuck Templeton: OpenTable:, cloud computing, computer vision, connected car, corporate governance, cryptocurrency, data is the new oil, Deng Xiaoping, digital map, disruptive innovation, Donald Trump, El Camino Real, Elon Musk, family office, fear of failure, glass ceiling, global supply chain, income inequality, industrial robot, Internet of things, invention of movable type, Jeff Bezos, Kickstarter, knowledge worker, Lyft, Mark Zuckerberg, megacity, Menlo Park, money market fund, Network effects, new economy, peer-to-peer lending, personalized medicine, Peter Thiel, QR code, RFID, ride hailing / ride sharing, Sand Hill Road, self-driving car, sharing economy, Shenzhen was a fishing village, Silicon Valley, Silicon Valley startup, Skype, smart cities, smart transportation, Snapchat, social graph, software as a service, South China Sea, sovereign wealth fund, speech recognition, stealth mode startup, Steve Jobs, supply-chain management, Tim Cook: Apple, Travis Kalanick, Uber and Lyft, Uber for X, uber lyft, urban planning, winner-take-all economy, Y Combinator, young professional
“For nine consecutive years we lost money in China,” Howard Schultz, Starbucks cofounder and former executive chairman told shareholders at a recent annual meeting. “And there were so many people who doubted whether in a tea-drinking society we could break through. Not only have we broken through, but China is going to be the largest market in the world for Starbucks.”2 Forget Instant Coffee While tea remains the traditional drink of China, a coffee culture has caught on in urban areas and among young professionals who enjoy hanging out at coffee shops and appreciate the finer things in life. Starbucks’ green logo is easily spotted throughout many Chinese cities. The US specialty coffee shop dominates the China market with more than a 50 percent share but faces increasing competition from other international brands, Canada’s Tim Hortons and the UK’s Costa Coffee, new distribution outlets at supermarkets and hypermarkets, and, most of all, the rise of Chinese upstart Luckin Coffee.
Scarred: The True Story of How I Escaped NXIVM, the Cult That Bound My Life by Sarah Edmondson
We should totally knit together!” Allison was on hiatus from filming and although she’d just met Lauren, she decided to fly out to Albany with her the following morning. They left together and I tore down the intensive feeling forgotten . . . left out. I thought back to the first time I met Lauren, and then to how she had acted with Allison the night before. I was the one building this center and attracting these cool young professionals. It really hurt that Lauren could so easily jump to a new best friend. In part, the increasingly strategic interpersonal relationships in the community pushed me to prove myself in spite of an unrealistic business model. If you wanted to open a center, you needed one hundred paying students. Until that point, all the students who were signing up in Vancouver had to trek down to the Tacoma center for most of their trainings beyond the Five-Day.
Fodor's Madrid and Side Trips by Fodor's
Her fluid dresses and hand-knit sweaters have made her a favorite with Danish former supermodel and now editor and designer Helena Christensen. At Victorio & Lucchino (Lagasca 75, Salamanca | 28001 | 91/431–8786) you can find sophisticated party dresses (many with characteristic Spanish features) in materials such as gauze, silk, and velvet, as well as more casual wear and a popular line of jewelry and accessories. Young professionals who want the latest look without the sticker shock hit Zara for hip clothes that won’t last more than a season or two. The store’s minimalist window displays are hard to miss; inside you’ll find the latest looks for men, women, and children. Zara is self-made entrepreneur Amancio Ortega’s textile empire flagship, and you will find locations all over the city. Its clothes are considerably cheaper in Spain than in the United States or the United Kingdom.
Bedsit Disco Queen: How I Grew Up and Tried to Be a Pop Star by Tracey Thorn
As a band, we probably meant more in the US now than we did in the UK, and that was strange, not having a comfortable foothold in the country I lived in. Having to go abroad to feel loved made home feel unwelcoming and alien. Like a lot of groups, we were Big In Japan, and would play much bigger venues there than we could in England. Strange, sedate early-evening gigs, where we’d perform on freezing-cold air-conditioned stages to neatly groomed young professionals who adored us but had no apparent means of showing it. Their responses were confined to a code of behaviour which seemed designed to quash any outpouring of spontaneity or joy. So at the end of each song they would clap hard and rhythmically, but in unison, which made it sound insincere and forced. The applause would stop as abruptly as it started, leaving long silences between one song and the next.
AIQ: How People and Machines Are Smarter Together by Nick Polson, James Scott
Air France Flight 447, Albert Einstein, Amazon Web Services, Atul Gawande, autonomous vehicles, availability heuristic, basic income, Bayesian statistics, business cycle, Cepheid variable, Checklist Manifesto, cloud computing, combinatorial explosion, computer age, computer vision, Daniel Kahneman / Amos Tversky, Donald Trump, Douglas Hofstadter, Edward Charles Pickering, Elon Musk, epigenetics, Flash crash, Grace Hopper, Gödel, Escher, Bach, Harvard Computers: women astronomers, index fund, Isaac Newton, John von Neumann, late fees, low earth orbit, Lyft, Magellanic Cloud, mass incarceration, Moneyball by Michael Lewis explains big data, Moravec's paradox, more computing power than Apollo, natural language processing, Netflix Prize, North Sea oil, p-value, pattern recognition, Pierre-Simon Laplace, ransomware, recommendation engine, Ronald Reagan, self-driving car, sentiment analysis, side project, Silicon Valley, Skype, smart cities, speech recognition, statistical model, survivorship bias, the scientific method, Thomas Bayes, Uber for X, uber lyft, universal basic income, Watson beat the top human players on Jeopardy!, young professional
As the marketer’s old saw goes: half of all advertising dollars are wasted; we just don’t know which half. But if an ad used to be a blunt instrument, today it is a laser beam. Marketers can now design an online ad for any target audience they can imagine, defined at a level of demographic and psychographic detail that would boggle your mind. If you came to Facebook’s sales team with a goal of targeting a vague group like “young professionals,” for example, you would probably be laughed at behind your back. Tell us who you really want to target, you’d be told. Do you want lawyers or bankers? Democrats or Republicans? Sports fans or opera connoisseurs? Black or white, man or woman, North or South, steak or salad—and if salad, iceberg or kale? The list goes on and on. Once you’ve decided upon your audience, Facebook’s algorithms can pick out exactly which users to target, and they can serve up an ad or a sponsored post to those users at exactly the moment when they’re most likely to be receptive to its message.
The New Class Conflict by Joel Kotkin
2013 Report for America's Infrastructure - American Society of Civil Engineers - 19 March 2013, affirmative action, Affordable Care Act / Obamacare, American Society of Civil Engineers: Report Card, Bob Noyce, California gold rush, Capital in the Twenty-First Century by Thomas Piketty, carbon footprint, creative destruction, crony capitalism, David Graeber, deindustrialization, don't be evil, Downton Abbey, Edward Glaeser, Elon Musk, energy security, falling living standards, future of work, Gini coefficient, Google bus, housing crisis, income inequality, informal economy, Internet of things, Jane Jacobs, Jaron Lanier, Jeff Bezos, job automation, John Markoff, John von Neumann, Joseph Schumpeter, Kevin Kelly, labor-force participation, low-wage service sector, Marc Andreessen, Mark Zuckerberg, mass affluent, McJob, McMansion, medical bankruptcy, Nate Silver, New Economic Geography, new economy, New Urbanism, obamacare, offshore financial centre, Paul Buchheit, payday loans, Peter Calthorpe, plutocrats, Plutocrats, post-industrial society, RAND corporation, Ray Kurzweil, rent control, rent-seeking, Report Card for America’s Infrastructure, Richard Florida, Silicon Valley, Silicon Valley ideology, Steve Jobs, technoutopianism, The Death and Life of Great American Cities, Thomas L Friedman, too big to fail, transcontinental railway, trickle-down economics, Tyler Cowen: Great Stagnation, upwardly mobile, urban planning, urban sprawl, War on Poverty, women in the workforce, working poor, young professional
These are either being built or planned in such cities as Seattle, New York, San Francisco, Santa Monica, and Portland.101 Such units have appeal to developers for whom cramming, especially with an urban subsidy in hand, may be particularly profitable. Yet a considerable amount of research shows that life in ultra-small apartments has a depressing effect on people. “Sure, these micro-apartments may be fantastic for young professionals in their 20s,” notes Dak Kopec, director of Design for Human Health at Boston Architectural College. “But they definitely can be unhealthy for older people, say in their 30s and 40s, who face different stress factors that can make tight living conditions a problem.”102 According to Kopec, the space-saving trend of tiny apartments can lead to increased claustrophobia, domestic abuse, and alcoholism.
Lab Rats: How Silicon Valley Made Work Miserable for the Rest of Us by Dan Lyons
Airbnb, Amazon Web Services, Apple II, augmented reality, autonomous vehicles, basic income, bitcoin, blockchain, business process, call centre, Clayton Christensen, clean water, collective bargaining, corporate governance, corporate social responsibility, creative destruction, cryptocurrency, David Heinemeier Hansson, Donald Trump, Elon Musk, Ethereum, ethereum blockchain, full employment, future of work, gig economy, Gordon Gekko, greed is good, hiring and firing, housing crisis, income inequality, informal economy, Jeff Bezos, job automation, job satisfaction, job-hopping, John Gruber, Joseph Schumpeter, Kevin Kelly, knowledge worker, Lean Startup, loose coupling, Lyft, Marc Andreessen, Mark Zuckerberg, McMansion, Menlo Park, Milgram experiment, minimum viable product, Mitch Kapor, move fast and break things, move fast and break things, new economy, Panopticon Jeremy Bentham, Paul Graham, paypal mafia, Peter Thiel, plutocrats, Plutocrats, precariat, RAND corporation, remote working, RFID, ride hailing / ride sharing, Ronald Reagan, Rubik’s Cube, Ruby on Rails, Sam Altman, Sand Hill Road, self-driving car, shareholder value, Silicon Valley, Silicon Valley startup, six sigma, Skype, Social Responsibility of Business Is to Increase Its Profits, software is eating the world, Stanford prison experiment, stem cell, Steve Jobs, Steve Wozniak, Stewart Brand, TaskRabbit, telemarketer, Tesla Model S, Thomas Davenport, Tony Hsieh, Toyota Production System, traveling salesman, Travis Kalanick, tulip mania, Uber and Lyft, Uber for X, uber lyft, universal basic income, web application, Whole Earth Catalog, Y Combinator, young professional
The offices of Kapor Capital are housed inside the Kapor Center, along with another Kapor organization, the Level Playing Field Institute, a nonprofit that runs a summer math and science program for minority students. In addition to making a statement about their priorities, the Kapors’ move to Oakland has turned out to be a pretty smart investment. Oakland is on the rebound. New businesses are popping up—little coffee shops, brewpubs, farmers markets, and trendy restaurants catering to the young professionals. Once considered one of the most dangerous cities in America, Oakland now makes the Forbes list of America’s Coolest Cities, with Uptown, the neighborhood where the Kapor Center is located, finding itself on the Forbes list of America’s Best Hipster Neighborhoods. “Here in Oakland we have a different story than in San Francisco,” Mitch says. It’s a Thursday evening in the summer of 2017.
Empty Planet: The Shock of Global Population Decline by Darrell Bricker, John Ibbitson
affirmative action, agricultural Revolution, Berlin Wall, BRICs, British Empire, Columbian Exchange, commoditize, demographic dividend, demographic transition, Deng Xiaoping, Donald Trump, en.wikipedia.org, full employment, gender pay gap, ghettoisation, glass ceiling, global reserve currency, Gunnar Myrdal, Hans Rosling, Hernando de Soto, illegal immigration, income inequality, James Watt: steam engine, Jeff Bezos, John Snow's cholera map, Kibera, knowledge worker, labor-force participation, Mark Zuckerberg, megacity, New Urbanism, nuclear winter, off grid, offshore financial centre, out of africa, Potemkin village, purchasing power parity, reserve currency, Ronald Reagan, Silicon Valley, South China Sea, statistical model, Steve Jobs, Steven Pinker, The Wealth of Nations by Adam Smith, Thomas Malthus, transcontinental railway, upwardly mobile, urban planning, working-age population, young professional, zero-sum game
The University of São Paulo’s buildings are scattered across a huge, attractive, but rather run-down and unkempt campus. In the School of Philosophy, Languages and Literature, and Human Sciences and Letters building, there is no apparent sign of air conditioning, despite the brutal mid-summer heat. Funding cuts, we are told, have led to neglect and disrepair across the university. We are here to talk to the Brazilian equivalent of the university students in Korea, the dinner party in Belgium, the young professionals in Nairobi: the upwardly mobile, educated, professional, ambitious members of a society. How do their experiences and perceptions differ, or match up, with their counterparts in other parts of the world? The results surprise us. Professor Lorena Barberia, from the university’s political science department, has assembled a dozen students attending a graduate summer program. These are bright, driven, career-oriented young women, ranging in age from mid-twenties to mid-thirties, fluent in English and determined to realize their full intellectual and career potential.
The Refusal of Work: The Theory and Practice of Resistance to Work by David Frayne
anti-work, basic income, Bertrand Russell: In Praise of Idleness, call centre, clockwatching, David Graeber, deindustrialization, deskilling, future of work, John Maynard Keynes: Economic Possibilities for our Grandchildren, John Maynard Keynes: technological unemployment, Kickstarter, knowledge economy, knowledge worker, low skilled workers, McJob, means of production, moral panic, new economy, post-work, profit motive, Silicon Valley, Silicon Valley ideology, Skype, unpaid internship, working poor, young professional
This seemed ironic to her, given the busyness of these people’s lives, and their evident lack of time to use these facilities. Why upgrade your oven if you haven’t got time to cook? Hochschild speculated that the new kitchen appliances acted like totems for the people who bought them: the brand-new oven, sparkling and unused, is a gesture towards the leisurely lifestyle people wished they had. We could interpret the clutter of the young professional’s apartment in much the same way. The shelves full of half-read novels, the racks full of dusty CDs, and the cupboards full of mouldering camping equipment become symbols of the leisurely life that workers hoped they would have, before their jobs took over. The topic of this chapter is leisure or, more precisely, why we seem to have so little leisure, and why the leisure time that we do have is so often suffused with a sense of responsibility and anxiety.
How to Kill a City: The Real Story of Gentrification by Peter Moskowitz
affirmative action, Airbnb, Bay Area Rapid Transit, British Empire, clean water, collective bargaining, David Brooks, deindustrialization, Detroit bankruptcy, drive until you qualify, East Village, Edward Glaeser, Golden Gate Park, housing crisis, income inequality, Jane Jacobs, Kickstarter, Kitchen Debate, late capitalism, mortgage tax deduction, Naomi Klein, new economy, New Urbanism, private military company, profit motive, RAND corporation, rent control, Richard Florida, Ronald Reagan, school choice, Silicon Valley, starchitect, The Death and Life of Great American Cities, the High Line, trickle-down economics, urban planning, urban renewal, white flight, working poor, Works Progress Administration, young professional
What’s the point of living in a relatively cramped place instead of the suburbs if they increasingly provide the exact same things? Then even some of the rich left. Gentrification has a way of creeping up on you. The white, hippieish middle class doesn’t notice when the black queer kids go missing; the professionals don’t notice (or don’t care) when the hippies leave; the rich don’t notice when the young professionals leave. And then you’re left with the Village today: an upscale mall for international oligarchs. At one point I noticed it was just my parents and my brother and me, plus a couple of older residents—the holdouts—mixed in with the new people, who seemed very different. They were the types who wouldn’t say hi to me in the hallway; who would quickly close the front door on the way into the building out of fear someone would follow them in; who I would later learn worked for investment banks and as defense contractors and as corporate lawyers; who would spend millions from the communal co-op pot (which every apartment pays in to) in order to add security cameras to the hallways and renovate the lobby with hideous dark-metal finishes and expensive stonework; who in 2015, for the first time in the building’s history, hired private security during the Village’s annual gay pride parade to check people’s IDs at the front door.
Life as a Passenger: How Driverless Cars Will Change the World by David Kerrigan
3D printing, Airbnb, airport security, Albert Einstein, autonomous vehicles, big-box store, butterfly effect, call centre, car-free, Cesare Marchetti: Marchetti’s constant, Chris Urmson, commoditize, computer vision, congestion charging, connected car, DARPA: Urban Challenge, deskilling, disruptive innovation, edge city, Elon Musk, en.wikipedia.org, future of work, invention of the wheel, Just-in-time delivery, loss aversion, Lyft, Marchetti’s constant, Mars Rover, megacity, Menlo Park, Metcalfe’s law, Minecraft, Nash equilibrium, New Urbanism, QWERTY keyboard, Ralph Nader, RAND corporation, Ray Kurzweil, ride hailing / ride sharing, Rodney Brooks, Sam Peltzman, self-driving car, sensor fusion, Silicon Valley, Simon Kuznets, smart cities, Snapchat, Stanford marshmallow experiment, Steve Jobs, technoutopianism, the built environment, Thorstein Veblen, traffic fines, transit-oriented development, Travis Kalanick, Uber and Lyft, Uber for X, uber lyft, Unsafe at Any Speed, urban planning, urban sprawl, Yogi Berra, young professional, zero-sum game, Zipcar
In an interesting public exploration of the trolley problem in the context of driverless cars, MIT have created a website offering users the chance to choose their preferred outcome in a variety of scenarios. The MIT reworking of the trolley problem replaces the trolley with a driverless car experiencing brake failure. The experiment depicts 13 variations of the “trolley problem”, asking users to decide who should perish, which involves agonising priority choices: more deaths against fewer, humans over animals, elderly compared to young, professionals against criminals, law abiding people over jaywalkers, and larger people against athletes. I strongly recommend you try it yourself: http://moralmachine.mit.edu/ and see how your choices compare with others who have completed the experiment. Apparently, the most common outcome is that people prefer utilitarian outcomes which places the highest value on the fewest total number of lives lost.
Listen, Liberal: Or, What Ever Happened to the Party of the People? by Thomas Frank
Affordable Care Act / Obamacare, Airbnb, Amazon Mechanical Turk, American ideology, barriers to entry, Berlin Wall, Bernie Sanders, blue-collar work, Burning Man, centre right, circulation of elites, Clayton Christensen, collective bargaining, Credit Default Swap, David Brooks, deindustrialization, disruptive innovation, Donald Trump, Edward Snowden, Fall of the Berlin Wall, financial innovation, Frank Gehry, full employment, George Gilder, gig economy, Gini coefficient, income inequality, Jaron Lanier, Jeff Bezos, knowledge economy, knowledge worker, Lean Startup, mandatory minimum, Marc Andreessen, Mark Zuckerberg, market bubble, mass immigration, mass incarceration, McMansion, microcredit, mobile money, moral panic, mortgage debt, Nelson Mandela, new economy, obamacare, payday loans, Peter Thiel, plutocrats, Plutocrats, Ponzi scheme, post-industrial society, postindustrial economy, pre–internet, profit maximization, profit motive, race to the bottom, Republic of Letters, Richard Florida, ride hailing / ride sharing, Ronald Reagan, sharing economy, Silicon Valley, Steve Jobs, Steven Levy, TaskRabbit, Thorstein Veblen, too big to fail, Travis Kalanick, Uber for X, union organizing, urban decay, women in the workforce, Works Progress Administration, young professional
Schmidt’s own writing makes it obvious why he and Google appeal so strongly to the Democrats: the party and the company are traveling parallel cultural tracks. Schmidt begins his 2014 management book, How Google Works, by playing up the company’s academic pedigree. After launching Google out of a dorm room, the two founders acted “like the professors in their Stanford computer science lab” and gave the smart young professionals they hired maximum freedom. The company they proceeded to build, according to Schmidt, is a “meritocracy,” a place where the smartest prevail, where bias and prejudice count for nothing, where the best ideas win out.5 The ideal economic actor in this context is the one Schmidt calls “the smart creative”: In our industry … she is most likely a computer scientist.… But in other industries she may be a doctor, designer, scientist, filmmaker, engineer, chef, or mathematician.
SuperFreakonomics by Steven D. Levitt, Stephen J. Dubner
agricultural Revolution, airport security, Andrei Shleifer, Atul Gawande, barriers to entry, Bernie Madoff, Boris Johnson, call centre, clean water, cognitive bias, collateralized debt obligation, creative destruction, credit crunch, Daniel Kahneman / Amos Tversky, deliberate practice, Did the Death of Australian Inheritance Taxes Affect Deaths, disintermediation, endowment effect, experimental economics, food miles, indoor plumbing, Intergovernmental Panel on Climate Change (IPCC), John Nash: game theory, Joseph Schumpeter, Joshua Gans and Andrew Leigh, longitudinal study, loss aversion, Louis Pasteur, market design, microcredit, Milgram experiment, oil shale / tar sands, patent troll, presumed consent, price discrimination, principal–agent problem, profit motive, randomized controlled trial, Richard Feynman, Richard Thaler, selection bias, South China Sea, Stanford prison experiment, Stephen Hawking, The Wealth of Nations by Adam Smith, too big to fail, trickle-down economics, ultimatum game, urban planning, William Langewiesche, women in the workforce, young professional
Bishop, “Is the Test Score Decline Responsible for the Productivity Growth Decline,” American Economic Review 79, no. 1 (March 1989). EVEN TOP WOMEN EARN LESS: See Justin Wolfers, “Diagnosing Discrimination: Stock Returns and CEO Gender,” Journal of the European Economic Association 4, nos. 2–3 (April-May 2006); and Marianne Bertrand, Claudia Goldin, and Lawrence F. Katz, “Dynamics of the Gender Gap for Young Professionals in the Financial and Corporate Sectors,” National Bureau of Economic Research working paper, January 2009. DO MEN LOVE MONEY THE WAY WOMEN LOVE KIDS? The cash-incentive gender-gap experiment was reported in Roland G. Fryer, Steven D. Levitt, and John A. List, “Exploring the Impact of Financial Incentives on Stereotype Threat: Evidence from a Pilot Study,” AEA Papers and Proceedings 98, no. 2 (2008).
The People's Platform: Taking Back Power and Culture in the Digital Age by Astra Taylor
A Declaration of the Independence of Cyberspace, American Legislative Exchange Council, Andrew Keen, barriers to entry, Berlin Wall, big-box store, Brewster Kahle, citizen journalism, cloud computing, collateralized debt obligation, Community Supported Agriculture, conceptual framework, corporate social responsibility, creative destruction, cross-subsidies, crowdsourcing, David Brooks, digital Maoism, disintermediation, don't be evil, Donald Trump, Edward Snowden, Fall of the Berlin Wall, Filter Bubble, future of journalism, George Gilder, Google Chrome, Google Glasses, hive mind, income inequality, informal economy, Internet Archive, Internet of things, invisible hand, Jane Jacobs, Jaron Lanier, Jeff Bezos, job automation, John Markoff, Julian Assange, Kevin Kelly, Kickstarter, knowledge worker, Mark Zuckerberg, means of production, Metcalfe’s law, Naomi Klein, Narrative Science, Network effects, new economy, New Journalism, New Urbanism, Nicholas Carr, oil rush, peer-to-peer, Peter Thiel, plutocrats, Plutocrats, post-work, pre–internet, profit motive, recommendation engine, Richard Florida, Richard Stallman, self-driving car, shareholder value, sharing economy, Silicon Valley, Silicon Valley ideology, slashdot, Slavoj Žižek, Snapchat, social graph, Steve Jobs, Stewart Brand, technoutopianism, trade route, Whole Earth Catalog, WikiLeaks, winner-take-all economy, Works Progress Administration, young professional
The ideology of Web 2.0 “trumpets the radical principles of counter-cultural movements, but dampens them through the emphasis on profit and business context.”58 Where networks could conceivably be used to further more democratic and egalitarian connections, Web 2.0 applications too often “further a view of the self and relationships that is entirely in line with current corporate business models,” Marwick says. “Young professionals adopt self-consciously constructed personae which are marketed, like brands or celebrities, to an audience or fan base. These personas are highly edited, controlled, and monitored, conforming to ideals of a work-safe, commercial self presentation.” Combining the logics of engineering and capitalism, the self has become measurable and maximizable, tallied through metrics such as the number of contacts and Web hits, retweets and reblogs, five-stars, ratings, likes, notes, and comments.
The Four: How Amazon, Apple, Facebook, and Google Divided and Conquered the World by Scott Galloway
activist fund / activist shareholder / activist investor, additive manufacturing, Affordable Care Act / Obamacare, Airbnb, Amazon Web Services, Apple II, autonomous vehicles, barriers to entry, Ben Horowitz, Bernie Sanders, big-box store, Bob Noyce, Brewster Kahle, business intelligence, California gold rush, cloud computing, commoditize, cuban missile crisis, David Brooks, disintermediation, don't be evil, Donald Trump, Elon Musk, follow your passion, future of journalism, future of work, global supply chain, Google Earth, Google Glasses, Google X / Alphabet X, Internet Archive, invisible hand, Jeff Bezos, Jony Ive, Khan Academy, longitudinal study, Lyft, Mark Zuckerberg, meta analysis, meta-analysis, Network effects, new economy, obamacare, Oculus Rift, offshore financial centre, passive income, Peter Thiel, profit motive, race to the bottom, RAND corporation, ride hailing / ride sharing, risk tolerance, Robert Mercer, Robert Shiller, Robert Shiller, Search for Extraterrestrial Intelligence, self-driving car, sentiment analysis, shareholder value, Silicon Valley, Snapchat, software is eating the world, speech recognition, Stephen Hawking, Steve Ballmer, Steve Jobs, Steve Wozniak, Stewart Brand, supercomputer in your pocket, Tesla Model S, Tim Cook: Apple, Travis Kalanick, Uber and Lyft, Uber for X, uber lyft, undersea cable, Whole Earth Catalog, winner-take-all economy, working poor, young professional
Try hard, really hard. I have a lot of balance now. That’s a function of the lack of balance in my twenties and thirties. Other than business school, from twenty-two to thirty-four, I remember work and not much else. The world does not belong to the big, but to the fast. You want to cover more ground in less time than your peers. This is partially talent, but mostly endurance. My lack of balance as a young professional cost me my hair, my first marriage, and arguably my twenties. And it was worth it. Are You an Entrepreneur? I began this chapter describing some of the characteristics I see across the board in successful people in the digital age. But along our varied, digital-age career path, many people will at some point consider an entrepreneurial opportunity, whether it be starting their own business, joining an existing start-up, or launching a new business with a larger organization.
The Last Job: The Bad Grandpas and the Hatton Garden Heist by Dan Bilefsky
A blackboard on a wall listed specials alongside the regular dishes on the menu, such as treacle tart with vanilla ice cream, an impossibly sweet and beloved British pudding, and wild boar and apple sausages. Another sign advertised the rooftop terrace upstairs, which the pub boasted, with typical British understatement, was “possibly the finest roof terrace in Angel.” The bustling and noisy pub, thronging with tourists and young professionals from the neighborhood, was decorated with lamps made with globes, which appealed to its well-traveled clientele. Old-school criminals though they were, the men seemed to like the good life: Angel was the surrounding bourgeois neighborhood in the north London borough of Islington, which has hosted, among others, former prime minister Tony Blair, Salman Rushdie, and the former London mayor-turned-foreign-secretary Boris Johnson.
The House of Morgan: An American Banking Dynasty and the Rise of Modern Finance by Ron Chernow
always be closing, bank run, banking crisis, Big bang: deregulation of the City of London, Bolshevik threat, Boycotts of Israel, Bretton Woods, British Empire, buy and hold, California gold rush, capital controls, Charles Lindbergh, collective bargaining, corporate raider, Etonian, financial deregulation, fixed income, German hyperinflation, index arbitrage, interest rate swap, margin call, money market fund, Monroe Doctrine, North Sea oil, oil shale / tar sands, old-boy network, paper trading, plutocrats, Plutocrats, Robert Gordon, Ronald Reagan, short selling, strikebreaker, the market place, the payments system, too big to fail, transcontinental railway, undersea cable, Yom Kippur War, young professional
Morgan Grenfell also created new “assistant directors”—a seemingly petty organizational detail that for the first time allowed commoners to ascend into the formerly closed caste of directors: the senior partner, Viscount Harcourt, wanted to end the rigor mortis. In 1967, right before the second Lord Bicester—the jolly Rufie—died in a road accident, Harcourt recruited the virile Sir John Stevens, executive director of the Bank of England, to open up overseas outposts. Among its young professionals, Morgan Grenfell’s stodgy reputation bred an exaggerated thirst for freedom. In 1967, Stephen Catto, the former partner’s son, invited film producer Dimitri de Grunwald for lunch at 23 Great Winchester. De Grunwald had a brainstorm: if distributors could finance film production through a global consortium, they could shatter America’s monopoly in filmmaking; he denied that only Americans could make westerns.
“Maybe I’m naive,” he said, “but I think the day of partners swapping that kind of information is long gone.”8 Baldwin wasn’t cavalier about ethics, but he placed extraordinary faith in the power of so-called Chinese walls to insulate Greenhill’s operation from the rest of the firm. Morgan Stanley tried to throw the fear of God into merger specialists and monitored their activities closely. Briefed on legal and ethical issues, young professionals had to sign statements that they understood house rules. To foster a healthy paranoia about using inside information for personal gain, scare memos listing grounds for dismissal were circulated periodically. Oil analyst Barry Good remarked, “I have visions of someone stalking into my office to rip the epaulettes off my shoulders, break my calculator over his knee and drum me right out of the corps.”9 Every fortnight, security officers conducted electronic sweeps, and projects were camouflaged with the names of English kings or Greek philosophers.
Mackworth-Young and Reeves presided with a light hand over their circus of takeover prima donnas. The Seeligs and the Magans had great power in the firm, for they captured new clients; the old taboo about poaching clients was fading. Morgan Grenfell had an individualistic culture very unlike the team spirit drilled into recruits at Morgan Guaranty, S. G. Warburg, and Goldman, Sachs. Not surprisingly, it encouraged a flamboyant, free-wheeling star system among its young professionals, who became recognizable figures in London, like pop stars. But such freedom, if conducive to inventive takeover work, could also induce a perilous euphoria, a giddy sense of invulnerability. The group’s superstar was Roger Seelig. In a more innocent age, his background might have fitted him for tamer pursuits. In 1971, after taking a degree from the London School of Economics and working at Esso, Seelig joined Morgan Grenfell.
Frommer's London 2009 by Darwin Porter, Danforth Prince
airport security, British Empire, double helix, East Village, Edmond Halley, glass ceiling, haute cuisine, Isaac Newton, Maui Hawaii, Murano, Venice glass, New Urbanism, place-making, Ralph Waldo Emerson, Ronald Reagan, Sloane Ranger, Stephen Hawking, sustainable-tourism, urban renewal, young professional
Hemmed in on the north by Westway and on the west by the Shepherd’s Bush ramp leading to the M40, it has many turn-of-the-century mansions and small houses sitting on quiet, leafy streets, plus a growing number of hot restaurants and clubs. Gentrified in recent years, it’s becoming an extension of central London. Hotels are few, but increasingly chic. Even more remote than Paddington and Bayswater, Notting Hill lies at least another 10 minutes west of those districts. In spite of that, many young professional visitors to London wouldn’t stay anywhere else. In the northern half of Notting Hill is the hip neighborhood known as Notting Hill Gate, home to Portobello Road, which boasts one of London’s most famous street markets. The area Tube stops are Notting Hill Gate, Holland Park, and Ladbroke Grove. Nearby Holland Park, an expensive residential neighborhood, promotes itself as “10 minutes by Tube from practically anywhere,” a bit of an exaggeration.
INEXPENSIVE Jenny Lo’s Teahouse CANTONESE/SZECHUAN London’s noodle dives don’t get much better than this. Before its decline, Ken Lo’s Memories of China offered the best Chinese dining in London. The late Ken Lo, whose grandfather was the Chinese ambassador to the Court of St. James, made his reputation as a cookbook author. Jenny Lo is Ken’s daughter, and her father taught her many of his culinary secrets. Belgravia matrons and young professionals come here for perfectly prepared, reasonably priced fare. Ken Lo cookbooks contribute to the dining room decor of black refectory tables set with paper napkins and chopsticks. Opt for such fare as a vermicelli rice noodle dish (a large plate of noodles topped with grilled chicken breast and Chinese mushrooms) or white noodles with minced pork. Rounding out the menu are stuffed Peking dumplings, chile-garnished spicy prawns, and wonton soup with slithery dumplings.
Gray Lady Down: What the Decline and Fall of the New York Times Means for America by William McGowan
affirmative action, Affordable Care Act / Obamacare, corporate governance, David Brooks, different worldview, East Village, friendly fire, haute couture, illegal immigration, immigration reform, liberation theology, medical residency, New Journalism, obamacare, payday loans, postnationalism / post nation state, pre–internet, uranium enrichment, yellow journalism, young professional
Meanwhile, Sulzberger took the concern over trends and age cohorts to a level beyond what drove the Sectional Revolution of the 1970s. The old thinking about the Times was that it “should not be too popular and should not try to be,” as Edwin Diamond phrased it. But as Diamond also explained, market research and focus groups indicated a disturbing trend toward “aliteracy,” with otherwise educated young professionals saying “they had no interest in picking up a copy of the Times.” And it wasn’t just a local problem. In 1967, roughly two-thirds of those between the ages of eighteen and twenty-nine read a newspaper; in 1988 the figure was 29 percent. The research commissioned by the Times showed that the paper was defining itself too narrowly to appeal to an elite that no longer existed in its traditional form.
After Zionism: One State for Israel and Palestine by Antony Loewenstein, Ahmed Moor
Boycotts of Israel, British Empire, cognitive dissonance, colonial rule, drone strike, facts on the ground, ghettoisation, land reform, Naomi Klein, one-state solution, Ronald Reagan, Rosa Parks, young professional
Today, most of the habitable land in Israel is controlled by these small communities whose admissions committees are designed to weed out “undesirables”: chiefly the country’s Palestinian citizens, but also Jews who are seen as “weak” from a Zionist perspective, such as Middle Eastern Jews, single mothers, gays and the disabled. Rakefet is a modern, middle-class community of eight hundred residents whose spacious, mostly characterless, suburban homes sit on the lower slopes of the rocky hills of the central Galilee. Its name, “cyclamen”, is for the clusters of pretty flowers that adorn these hills in winter. The air is clean, the views magnificent, especially for the young professionals and middle-managers who have chosen to move north to escape the stress and high prices of Tel Aviv and its environs. If the Zbeidats could speak freely, Rakefet is probably not exactly the stuff of their dreams, at least not quite in the manner it is for many of their new Jewish neighbours. In an early interview with the Washington Post, in a rare instance of the foreign media taking an interest in the couple’s plight, Fatina explained: “If they won’t develop our villages, then we will choose where we want to live.
Trust Me, I'm a (Junior) Doctor by Max Pemberton
But my confession is rather different: I abhor illicit drugs and have no time for people who take them. This evening I went to a party. Ruby dragged me along. ‘It will be fun. My friend works in PR so there’ll be loads of celebrities there. You might meet a nice supermodel,’ she said and winked at me. ‘Come on, we need to get out a bit.’ After an hour or so there, it became apparent that hordes of people were congregating around the toilet. No one batted an eyelid. Drug taking amongst young professionals has become perfectly acceptable. Provided you don’t have to bash old ladies over the head to get the money to pay for it, then it’s OK to take them. But this is where I get into deep water. It is actually not the smackheads on the street who I look down on but the smug, educated classes who dabble in something a bit ‘naughty’. Though I have yet to hear someone pipe up with: ‘Oh, I’ve just been in the bathroom supporting global criminal networks which include child prostitution and gangland murders.’
The Dawn of Eurasia: On the Trail of the New World Order by Bruno Macaes
active measures, Berlin Wall, British Empire, computer vision, Deng Xiaoping, different worldview, digital map, Donald Trump, energy security, European colonialism, eurozone crisis, failed state, Francis Fukuyama: the end of history, global value chain, illegal immigration, intermodal, iterative process, land reform, liberal world order, Malacca Straits, mass immigration, megacity, open borders, Parag Khanna, savings glut, scientific worldview, Silicon Valley, South China Sea, speech recognition, trade liberalization, trade route, Transnistria, young professional, zero-sum game, éminence grise
It is difficult to have a successful career in Turkey if you hate the all-powerful President, and how can a fully Europeanized young man or woman not have a successful career? But that is only half of the problem. How to convince their European friends that Turkey is just as European as Germany or France if all these old women covered in chadors no longer stay at home but feel comfortable to roam freely around Istanbul? After all, they are not immigrants, but Turks, as Turkish as the young professionals of Nişantaşı or Cihangir. If Nişantaşı is a badly scripted play, some parts of Fatih are no less artificial. If you walk in the Çarşamba neighbourhood on a Friday, all the men will have beards and be dressed in long cloaks, called cubbe, with white skullcaps. Their foreheads may be calloused with prayer marks, so that suddenly and without any transition the visitor will be transported back to the early days of Islam – with many of the influences present here being quite foreign to Turkish life, whose Islamic traditions differ very significantly from Arab ones.
The New Urban Crisis: How Our Cities Are Increasing Inequality, Deepening Segregation, and Failing the Middle Class?and What We Can Do About It by Richard Florida
affirmative action, Airbnb, basic income, Bernie Sanders, blue-collar work, business climate, Capital in the Twenty-First Century by Thomas Piketty, clean water, Columbine, congestion charging, creative destruction, David Ricardo: comparative advantage, declining real wages, deindustrialization, Donald Trump, East Village, edge city, Edward Glaeser, failed state, Ferguson, Missouri, Gini coefficient, Google bus, high net worth, income inequality, income per capita, industrial cluster, informal economy, Jane Jacobs, jitney, Kitchen Debate, knowledge economy, knowledge worker, land value tax, low skilled workers, Lyft, megacity, Menlo Park, mortgage tax deduction, Nate Silver, New Economic Geography, new economy, New Urbanism, occupational segregation, Paul Graham, plutocrats, Plutocrats, RAND corporation, rent control, rent-seeking, Richard Florida, rising living standards, Ronald Reagan, secular stagnation, self-driving car, Silicon Valley, sovereign wealth fund, superstar cities, the built environment, The Chicago School, The Death and Life of Great American Cities, the High Line, The Rise and Fall of American Growth, The Wealth of Nations by Adam Smith, Thorstein Veblen, trickle-down economics, Uber and Lyft, uber lyft, universal basic income, upwardly mobile, urban decay, urban planning, urban renewal, urban sprawl, white flight, young professional
The nearby Nabisco factory would be turned into a high-end food court, and the gargantuan old Port Authority building would be filled with techies working for Google, one of the many high-tech companies in the neighborhood. Crossing the East River or the Hudson, he would see the factories, run-down tenements, and row houses of Brooklyn, Hoboken, and Jersey City transformed into neighborhoods where young professionals and families live, work, and play. He could walk the streets at night without worrying about crime. But as polished and well-appointed as the city would appear on the surface, he would also feel the tensions simmering underneath. Living there would be far less affordable for a working person like him than it had been in 1975. Apartments that had sold for $50,000 in his day would now be fetching millions; others that he could have rented for $500 a month would now cost $5,000, $10,000, or more.
The Power of Glamour: Longing and the Art of Visual Persuasion by Virginia Postrel
Charles Lindbergh, cloud computing, factory automation, Frank Gehry, indoor plumbing, job automation, mass immigration, Nelson Mandela, New Urbanism, placebo effect, Ralph Waldo Emerson, Ronald Reagan, Saturday Night Live, Silicon Valley, Steve Jobs, Thomas L Friedman, urban planning, urban renewal, washing machines reduced drudgery, young professional
As more and more places forbid smoking, observes the British journalist Simon Mills, lit cigarettes have become the markers of “heroic, sexy social outlaws.” The interior designer and socialite Nicky Haslam, who lights but doesn’t inhale, calls the practice “deliciously illicit.”4 Perhaps, suggests the essayist Katie Roiphe, the TV show Mad Men owes some of its cult appeal to the characters’ conspicuous smoking, which provides an alluring contrast to the health-conscious discipline of today’s young professionals. The show, she writes, offers “the glamour of spectacularly messy, self-destructive behavior to our relatively staid and enlightened times.”5 In the movies, smoking has come to symbolize a cool contempt for social conventions and bourgeois rules. Mob moll Uma Thurman smokes in Pulp Fiction (1994), as does femme fatale Sharon Stone in her infamous scene in Basic Instinct (1992). “There’s no smoking in here,” a policeman tells her as she sits down to face interrogation.
Undoing the Demos: Neoliberalism's Stealth Revolution by Wendy Brown
Affordable Care Act / Obamacare, bitcoin, Branko Milanovic, Capital in the Twenty-First Century by Thomas Piketty, collective bargaining, corporate governance, credit crunch, crowdsourcing, David Brooks, Food sovereignty, haute couture, immigration reform, income inequality, invisible hand, labor-force participation, late capitalism, means of production, new economy, obamacare, occupational segregation, Philip Mirowski, Ronald Reagan, sexual politics, shareholder value, sharing economy, The Chicago School, the market place, The Wealth of Nations by Adam Smith, Thomas Malthus, too big to fail, trickle-down economics, Washington Consensus, Wolfgang Streeck, young professional, zero-sum game
King Alexander, “Private Institutions and Public Dollars: An Analysis of the Effects of Federal Direct Student Aid on Public and Private Institutions of Higher Education,” Journal of Education Finance 23.3 (1998), pp. 390–416, quoted in David Hursh and Andrew Wall, “Re-politicizing Higher Education and Research Within Neoliberal Globalization,” Policy Futures in Education 9.5 (2011). 39. It would seem that many faculty have departed from the values of the priesthood for those of the market, rendering the notion that “you don’t go into academia for the money” a quaint shibboleth of a tweedy past, one spurned by market-smart young professionals who just happen to study Chaucer or South Asian politics. 40. The tendency of neoliberalism to generate products with zero use value and for which there is often no clientele apart from those in the industry is brilliantly portrayed in the “Xtra Normal” cartoon videos satirizing academe through the figures of eager undergraduates yearning to go to graduate school. While each cartoon indicts the specific absurdities, fetishes, and dead ends of a particular discipline, together, they portray contemporary academic orders of recognition and reward that drive liberal arts scholarship in increasingly trivial or meaningless directions.
The Upside of Irrationality: The Unexpected Benefits of Defying Logic at Work and at Home by Dan Ariely
Alvin Roth, assortative mating, Burning Man, business process, cognitive dissonance, corporate governance, Daniel Kahneman / Amos Tversky, end world poverty, endowment effect, Exxon Valdez, first-price auction, Frederick Winslow Taylor, George Akerlof, happiness index / gross national happiness, hedonic treadmill, IKEA effect, Jean Tirole, job satisfaction, knowledge economy, knowledge worker, loss aversion, Peter Singer: altruism, placebo effect, Richard Thaler, Saturday Night Live, second-price auction, software as a service, The Wealth of Nations by Adam Smith, ultimatum game, Upton Sinclair, young professional
Interoffice romances are generally inadvisable, if not prohibited. Most young people change jobs frequently, so they uproot themselves, yet again disrupting their social lives. With every move, their developing direct and indirect relationships are curtailed—which further hurts their chances of finding someone, because friends often introduce one another to prospective mates. Overall, this means that the improvement in the market efficiency for young professionals has come, to a certain extent, at the cost of market inefficiency for young romantic partners. Enter Online Dating I was troubled by the difficulties of Seth and some other friends until the advent of online dating. I was very excited to hear about sites like Match.com, eHarmony, and JDate.com. “What a wonderful fix to the problem of the singles market,” I thought. Curious about how the process worked, I delved into the world of online dating sites.
Networks of Outrage and Hope: Social Movements in the Internet Age by Manuel Castells
access to a mobile phone, banking crisis, call centre, centre right, citizen journalism, cognitive dissonance, collective bargaining, conceptual framework, crowdsourcing, currency manipulation / currency intervention, disintermediation, en.wikipedia.org, housing crisis, income inequality, microcredit, Mohammed Bouazizi, Occupy movement, offshore financial centre, Port of Oakland, social software, statistical model, We are the 99%, web application, WikiLeaks, World Values Survey, young professional, zero-sum game
Yet, I have been able to use some preliminary results from what appears to be a reliable data source: the online survey coordinated by MIT’s Sasha Costanza-Chock and the Occupy Research Network4 of Occupy activists in the country. I have also compared his data with the findings of Baruch College’s Hector Cordero-Guzman’s non-representative sample of visitors to OccupyWallSt.org.5 On the basis of these surveys, and personal observation from participants in the movement, it appears that the majority of those fully engaged in most camps were young professionals and students in the 20–40 age group, with a slightly higher percentage of women than men. About one half of them had a full-time job, with a significant number being unemployed, underemployed, temporarily employed or employed part-time. The income level of the majority seemed to be around the median income level of Americans. They were an educated group, with half of them holding a college degree, and many more having finished some college.
Content Provider: Selected Short Prose Pieces, 2011–2016 by Stewart Lee
accounting loophole / creative accounting, Boris Johnson, call centre, centre right, David Attenborough, Etonian, James Dyson, Livingstone, I presume, Mark Zuckerberg, mass immigration, Nelson Mandela, offshore financial centre, plutocrats, Plutocrats, pre–internet, Right to Buy, Robert Gordon, Saturday Night Live, sensible shoes, Socratic dialogue, trickle-down economics, wage slave, young professional
Their readerships comprise, for better or worse, my key audience, and I attempt assiduously to maintain their loyalty, and their respect, by flattering their intelligence, while simultaneously insulting their core moral and political values. This year my publicist had been uncharacteristically keen that I write a piece for a magazine called ShortList, which is given away free on the street to passers-by and offers expert advice on style and fitness, the latest in films, gaming, culture and technology to time-poor young professionals in search of an off-the-peg identity they haven’t earned. I doubted that anyone who liked my work would read it, and tried to wriggle out of her request, but our financial backers were keen for me to ensnare the lucrative male grooming market, and it was agreed that I would submit to ShortList an amusing thousand-word end-of-year round-up of ten things I hated about 2012. I arrogantly imagined I could complete this assignment in such a way as to satisfy ShortList’s editors while also maintaining the trademark subversion of expected media tropes my customer base has come to expect from me.
Thieves of State: Why Corruption Threatens Global Security by Sarah Chayes
Celtic Tiger, colonial rule, crony capitalism, drone strike, failed state, income inequality, microcredit, offshore financial centre, plutocrats, Plutocrats, structural adjustment programs, trade route, ultimatum game, WikiLeaks, winner-take-all economy, young professional
But, one of them noted, “it would take an earthquake and a tsunami for change to come to Algeria.” An earthquake, I thought, or maybe just time—till the young, whose minds were less seared by the violence of the past, came of age. “THIS ISN’T about unemployment. It’s about a mafia running this country.” That was my introduction to Tunisia, courtesy of Hazem Ben Gacem, one of the dynamic young professionals who were flocking to the service of their country in the weeks after Ben Ali’s fall. “It’s about bullying, extortion, public sector bribery. Everyone knew about the corruption, the sick practices. It got to be too much.” Tunisia in March 2011 was still high on euphoria over what it had wrought. Avenue Bourguiba, the broad boulevard with its treelined median that leads from the port to the base of the Roman-era bazaar, was still serving as a kind of outdoor political forum.
Throwing Rocks at the Google Bus: How Growth Became the Enemy of Prosperity by Douglas Rushkoff
activist fund / activist shareholder / activist investor, Airbnb, algorithmic trading, Amazon Mechanical Turk, Andrew Keen, bank run, banking crisis, barriers to entry, bitcoin, blockchain, Burning Man, business process, buy and hold, buy low sell high, California gold rush, Capital in the Twenty-First Century by Thomas Piketty, carbon footprint, centralized clearinghouse, citizen journalism, clean water, cloud computing, collaborative economy, collective bargaining, colonial exploitation, Community Supported Agriculture, corporate personhood, corporate raider, creative destruction, crowdsourcing, cryptocurrency, disintermediation, diversified portfolio, Elon Musk, Erik Brynjolfsson, Ethereum, ethereum blockchain, fiat currency, Firefox, Flash crash, full employment, future of work, gig economy, Gini coefficient, global supply chain, global village, Google bus, Howard Rheingold, IBM and the Holocaust, impulse control, income inequality, index fund, iterative process, Jaron Lanier, Jeff Bezos, jimmy wales, job automation, Joseph Schumpeter, Kickstarter, loss aversion, Lyft, Marc Andreessen, Mark Zuckerberg, market bubble, market fundamentalism, Marshall McLuhan, means of production, medical bankruptcy, minimum viable product, Mitch Kapor, Naomi Klein, Network effects, new economy, Norbert Wiener, Oculus Rift, passive investing, payday loans, peer-to-peer lending, Peter Thiel, post-industrial society, profit motive, quantitative easing, race to the bottom, recommendation engine, reserve currency, RFID, Richard Stallman, ride hailing / ride sharing, Ronald Reagan, Satoshi Nakamoto, Second Machine Age, shareholder value, sharing economy, Silicon Valley, Snapchat, social graph, software patent, Steve Jobs, TaskRabbit, The Future of Employment, trade route, transportation-network company, Turing test, Uber and Lyft, Uber for X, uber lyft, unpaid internship, Y Combinator, young professional, zero-sum game, Zipcar
As their own marketing research shows, however, they were actually pitting the unique weaknesses of individual investors against themselves, leveraging the investors’ ignorance of the marketplace and its rules, as well as known gaps—what gamers would call “exploits”—in people’s financial psychology.11 The more that financial firms promoted these plans, the more employers were free to drop their pensions and the more workers came to rely exclusively on their own savings plans and market skills. This channeled additional money into the finance industry, which then had funds to spend on marketing for more profitable financial products and on lobbying for less regulation in creating them. In our digital society, we take for granted that retirement is one’s personal responsibility. Young professionals understand that they’re playing a game, competing against one another in the marketplace of jobs as well as that of retirement strategies. As the United States’ manufacturing base declines, fewer young workers expect old-fashioned, long-term guarantees such as pensions, anyway.12 The rise of the 401(k) and concurrent decline in pensions emerged at a propitious moment in American history, when a strain of “free market” fundamentalism had seeped from the Goldwater and Friedman fringes of the Republican Party into the technolibertarian mainstream.
Mysteries of the Mall: And Other Essays by Witold Rybczynski
additive manufacturing, airport security, Buckminster Fuller, City Beautiful movement, edge city, Frank Gehry, Guggenheim Bilbao, Jane Jacobs, kremlinology, Marshall McLuhan, new economy, New Urbanism, out of africa, Peter Calthorpe, Peter Eisenman, rent control, Silicon Valley, the High Line, urban renewal, young professional
The setting is as idyllic as it sounds. Undoubtedly, it was the unspoiled surroundings and the recreational opportunities that drew many newcomers here during the 1960s and 1970s. Burlington became a destination for those who wanted to escape big cities but were not quite ready for a dropout’s life on a farm or in a commune. (The rest of Vermont offered those alternatives.) Burlington also attracted young professionals and entrepreneurs who were looking for a low-key urban life. The city’s most famous success story of that era is Ben & Jerry’s, whose first ice cream parlor was located in an abandoned service station downtown. High-tech corporations also found Burlington congenial, and IBM and Digital Equipment Corporation established plants in the area. While not quite in the same league as booming Raleigh-Durham, Burlington exhibits many of the characteristics of the larger college city: a busy regional airport and university medical center, growing white-collar employment, and a beautiful environment.
Municipal Dreams: The Rise and Fall of Council Housing by John Boughton
British Empire, deindustrialization, full employment, garden city movement, ghettoisation, housing crisis, Jane Jacobs, laissez-faire capitalism, manufacturing employment, negative equity, Neil Kinnock, neoliberal agenda, new economy, New Urbanism, profit motive, rent control, Right to Buy, rising living standards, starchitect, The Death and Life of Great American Cities, the market place, upwardly mobile, urban decay, urban planning, urban renewal, young professional
Those protesting this apparent central government diktat had renamed the town Silkingrad for the occasion. And yet, resistance notwithstanding, in Stevenage a degree of social mixing emerged. By the early 1960s, 12,377 homes had been built; of these, all but 1,177 were built by and rented from the Development Corporation. There was therefore, as the journalist Gary Younge, brought up in the town in the 1970s, recalled, ‘no sense of incongruity in Stevenage between being a young professional and living in social housing’.21 In Harlow, an earlier writer had described the ‘intensely idealistic section of the middle class’ (she listed teachers, social workers, wardens of community centres and the clergy among them) who embraced these New Town ideals.22 More objective sociological analysis shows that the overall class breakdown of the New Towns was pretty similar to that of the general population, though unskilled manual workers tended to be underrepresented.23 In Harlow, the Development Corporation ascribed this to a ‘“social escalator” at work whereby the unskilled rise up the ladder’.24 It reflected, too, the nature of more modern, light industry that the New Towns attracted.
Norman Foster: A Life in Architecture by Deyan Sudjic
Buckminster Fuller, carbon footprint, credit crunch, cuban missile crisis, Frank Gehry, interchangeable parts, James Dyson, Jane Jacobs, low cost airline, Masdar, megacity, megastructure, Murano, Venice glass, Norman Mailer, Pearl River Delta, Peter Eisenman, sustainable-tourism, The Death and Life of Great American Cities, University of East Anglia, urban decay, urban renewal, white flight, young professional
Abbott is on his left, bareheaded, as if he were the fifth Beatle. Foster is on the right, wearing a dark snap-brimmed fedora that doesn’t make him look very much like Frank Sinatra at all. The collar of his hound’s-tooth check coat is turned up against the wind, and he is holding his camera in one hand, level with his waist, its leather case dangling down on a strap. He is unsmiling, and wears a tie: the image of an intense, anxious young professional. Foster looks much happier in the photographs that show him at work on the top floor of the Art and Architecture Building. There was something of a divide between the British and the Americans in their shared studio. The British were a little older, and preferred to debate and to argue rather than to draw. They saw themselves as more mature, and more like professionals than their US counterparts – a pretension which, not surprisingly, was the cause of some irritation.
The Meritocracy Trap: How America's Foundational Myth Feeds Inequality, Dismantles the Middle Class, and Devours the Elite by Daniel Markovits
"Robert Solow", 8-hour work day, activist fund / activist shareholder / activist investor, affirmative action, Anton Chekhov, asset-backed security, assortative mating, basic income, Bernie Sanders, big-box store, business cycle, capital asset pricing model, Capital in the Twenty-First Century by Thomas Piketty, carried interest, collateralized debt obligation, collective bargaining, computer age, corporate governance, corporate raider, crony capitalism, David Brooks, deskilling, Detroit bankruptcy, disruptive innovation, Donald Trump, Edward Glaeser, Emanuel Derman, equity premium, European colonialism, everywhere but in the productivity statistics, fear of failure, financial innovation, financial intermediation, fixed income, Ford paid five dollars a day, Frederick Winslow Taylor, full employment, future of work, gender pay gap, George Akerlof, Gini coefficient, glass ceiling, helicopter parent, high net worth, hiring and firing, income inequality, industrial robot, interchangeable parts, invention of agriculture, Jaron Lanier, Jeff Bezos, job automation, job satisfaction, John Maynard Keynes: Economic Possibilities for our Grandchildren, knowledge economy, knowledge worker, Kodak vs Instagram, labor-force participation, longitudinal study, low skilled workers, manufacturing employment, Mark Zuckerberg, Martin Wolf, mass incarceration, medical residency, minimum wage unemployment, Myron Scholes, Nate Silver, New Economic Geography, new economy, offshore financial centre, Paul Samuelson, payday loans, plutocrats, Plutocrats, Plutonomy: Buying Luxury, Explaining Global Imbalances, precariat, purchasing power parity, rent-seeking, Richard Florida, Robert Gordon, Robert Shiller, Robert Shiller, Ronald Reagan, savings glut, school choice, shareholder value, Silicon Valley, Simon Kuznets, six sigma, Skype, stakhanovite, stem cell, Steve Jobs, supply-chain management, telemarketer, The Bell Curve by Richard Herrnstein and Charles Murray, Thomas Davenport, Thorstein Veblen, too big to fail, total factor productivity, transaction costs, traveling salesman, universal basic income, unpaid internship, Vanguard fund, War on Poverty, Winter of Discontent, women in the workforce, working poor, young professional, zero-sum game
For elite women, the overwork is still more extreme: women with some graduate education work nearly fifteen hours per week more than they’d like, and managerial, professional, and technical women report thirteen weekly hours of overwork. (Non-elite workers, remarkably, report significantly less overwork: both men and women with less than a high school education report only about five hours of overwork per week.) In less formal settings, and less polite moments, elites treat the idea that high incomes might compensate them for their hours as frankly absurd. One young professional recently compared his income-and-work package to being paid $3 million to fight Mike Tyson. Others in the overworked elite call their work effort “sick and insane,” say that theirs is “not a life,” or “no way to have a child.” The most graphic complaints are more gripping still. Analysts at banks such as JPMorgan and DLJ compare the demands of their jobs to the Bataan Death March, to slavery, and to the Holocaust.
in order to care for their children: “Life and Leadership After HBS: Findings from Harvard Business School’s Alumni Survey on the Experiences of Its Alumni Across Career, Family, and Life Paths,” Harvard Business School (2015), 8, www.hbs.edu/women50/docs/L_and_L_Survey_2Findings_13final.pdf. Twenty-one percent of female Harvard Business School graduates aged thirty-one to sixty-six with two or more children care for their children full time, and 20 percent work only part-time. For data on women with MBAs from the University of Chicago, see Marianne Bertrand, Claudia Goldin, and Lawrence F. Katz, “Dynamics of the Gender Gap for Young Professionals in the Corporate and Financial Sectors,” NBER Working Paper 14681 (January 2009), www.nber.org/papers/w14681.pdf. Fully 50 percent of female Chicago MBAs with two or more children (and 48 percent with at least one child) no longer work full time ten years after getting their degrees. Anne Alstott and Emily Bazelon provided helpful discussion and references on this point. a “flight risk”: Williams, White Working Class, 55.
The Price of Everything: And the Hidden Logic of Value by Eduardo Porter
Alvin Roth, Asian financial crisis, Ayatollah Khomeini, banking crisis, barriers to entry, Berlin Wall, British Empire, capital controls, Carmen Reinhart, Cass Sunstein, clean water, Credit Default Swap, Deng Xiaoping, Edward Glaeser, European colonialism, Fall of the Berlin Wall, financial deregulation, Ford paid five dollars a day, full employment, George Akerlof, Gordon Gekko, guest worker program, happiness index / gross national happiness, housing crisis, illegal immigration, immigration reform, income inequality, income per capita, informal economy, Intergovernmental Panel on Climate Change (IPCC), invisible hand, Jean Tirole, John Maynard Keynes: technological unemployment, Joshua Gans and Andrew Leigh, Kenneth Rogoff, labor-force participation, laissez-faire capitalism, longitudinal study, loss aversion, low skilled workers, Martin Wolf, means of production, Menlo Park, Mexican peso crisis / tequila crisis, Monkeys Reject Unequal Pay, new economy, New Urbanism, peer-to-peer, pension reform, Peter Singer: altruism, pets.com, placebo effect, price discrimination, price stability, rent-seeking, Richard Thaler, rising living standards, risk tolerance, Robert Shiller, Robert Shiller, Ronald Reagan, Silicon Valley, stem cell, Steve Jobs, Stewart Brand, superstar cities, The Spirit Level, The Wealth of Nations by Adam Smith, Thomas Malthus, Thorstein Veblen, trade route, transatlantic slave trade, ultimatum game, unpaid internship, urban planning, Veblen good, women in the workforce, World Values Survey, Yom Kippur War, young professional, zero-sum game
Analysis of the gender gap in labor participation is found in Bureau of Labor Statistics, “Labor Force Statistics from the Current Population Survey” (www.bls.gov/cps, accessed 08/08/2010). The discussion of the gender wage gap draws from Bureau of Labor Statistics, “Women’s to Men’s Earnings Ratio by Age, 2009” (www.bls.gov/opub/ted/2010/ted_20100708_data.htm, accessed 08/08/2010). The discussion about the gender gap among MBA graduates comes from Marianne Bertrand, Claudia Goldin, and Lawrence F. Katz, “Dynamics of the Gender Gap for Young Professionals in the Financial and Corporate Sectors,” American Economic Journal: Applied Economics, Vol. 2, No. 3, July 2010, pp. 228-255. 93-97 Renegotiating the Marriage Bargain: The description of changes in women’s attitudes toward career and household work draws from Valerie Ramey, “Time Spent in Home Production in the 20th Century: New Estimates from Old Data,” Journal of Economic History, Vol. 69, No. 1, March 2009, pp. 1-47; Samuel Preston and Caroline Sten Hartnett, “The Future of American Fertility,” NBER Working Paper, November 2008.
Fodor's Dordogne & the Best of Southwest France With Paris by Fodor's Travel Publications Inc.
NIGHTLIFE If you prefer clinking drinks with models and celebrities, check out the Champs-Élysées area, but be prepared to shell out beaucoup bucks and stare down surly bouncers. Easygoing, bohemian-chic revelers can be found in the northeastern districts like Canal St-Martin and Belleville, while students tend to pour into the Bastille, St-Germain-des-Prés, and the Quartier Latin. Grands Boulevards and Rue Montorgueil, just north of Les Halles, is party central for young professionals and the fashion crowd, and the Pigalle and Montmartre areas are always hopping with plenty of theaters, cabarets, bars, and concert venues. Warmer months draw the adventurous to floating clubs and bars, moored along the Seine from Bercy to the Eiffel Tower. BARS AND CLUBS American Bar at La Closerie des Lilas (171 bd. du Montparnasse, Montparnasse, 6e | 75006 | 01–40–51–34–50 | Station: Montparnasse) lets you drink in the swirling action of the adjacent restaurant and brasserie at a piano bar hallowed by plaques honoring such former habitués as Man Ray, Jean-Paul Sartre, Samuel Beckett, and Ernest Hemingway, who talks of “the Lilas” in A Moveable Feast.
Against the Grain: Extraordinary Gluten-Free Recipes Made From Real, All-Natural Ingredients by Nancy Cain
They may be eaten warm or frozen for later use. NOTE: Once formed and risen, the bagels need to be handled with care, but will hold their shape when boiled (although they may get a tad wrinkly). Gluten-free flours vary, and should your bagels fall or flatten, reduce your rising time and boil them for a shorter duration. Bialys bialys MY HUSBAND, TOM, AND I lived in Brooklyn, New York, for ten years. Like many young professionals starting out, we moved to the city with modest jobs that left a paltry budget for entertainment. In those first years, the city was our entertainment. Like the protagonist who moved to the city in Flannery O’Connor’s Wise Blood, every day, we were stunned, awed, and overwhelmed. We worked all week, and Saturday we explored. It started with a copy of Gerard Wolfe’s New York: Walking Tours of Architecture and History, given to us by a friend.
Why It's Still Kicking Off Everywhere: The New Global Revolutions by Paul Mason
anti-globalists, back-to-the-land, balance sheet recession, bank run, banking crisis, Berlin Wall, business cycle, capital controls, centre right, citizen journalism, collapse of Lehman Brothers, collective bargaining, creative destruction, credit crunch, Credit Default Swap, currency manipulation / currency intervention, currency peg, do-ocracy, eurozone crisis, Fall of the Berlin Wall, floating exchange rates, Francis Fukuyama: the end of history, full employment, ghettoisation, illegal immigration, informal economy, land tenure, low skilled workers, mass immigration, means of production, megacity, Mohammed Bouazizi, Naomi Klein, Network effects, New Journalism, Occupy movement, price stability, quantitative easing, race to the bottom, rising living standards, short selling, Slavoj Žižek, Stewart Brand, strikebreaker, union organizing, We are the 99%, Whole Earth Catalog, WikiLeaks, Winter of Discontent, women in the workforce, working poor, working-age population, young professional
But behind the purely economic story lies a more complex, political–economic crisis that threatens to send Spain the same way as Greece, shattering the eurozone in the process and placing the whole European project in grave doubt. You can see how badly the crisis has hit people at the ‘Coralla Utopia’ apartment block. It’s a new, modern, five-storey complex next to a busy road. The flats are small: perfect for young professionals and their minimalist furniture. But the company that built the flats went broke, and now the whole place has been squatted by families turfed out of their own homes, due to repossession. Toni Rodríguez leads me around the darkened corridors (the electricity company has cut the power supply): ‘We had weekly meetings for four months and we realized we were all in the same situation, and finally we decided to do something about it.
No Regrets, Coyote: A Novel by John Dufresne
There were several tall clear glass vases of elegant white calla lilies on the glass and granite back bar. I was led to my table by the hostess, Sinead, who urged me to enjoy my meal. I asked her where she was from. “The accent,” I said. “British?” She told me she was a Saint. “I’m from Saint Helena. In the South Atlantic.” “You’re the first Saint I’ve ever met.” I told Thatcher, my waiter (Thatcher?), that I’d like an Innis & Gunn, and I watched the muster of young professionals relaxing after work at the bar. Many of the gentlemen wore bespoke suits, their starched shirts opened two buttons at the collar. Others, the single guys who had gone home after work to freshen up, wore these graphic Ed Hardy T-shirts—lots of geishas and skulls. The ladies, for the most part, had straight, shoulder-length hair, wore silk and satin sheath dresses, and drank blue martinis. The men leaned toward the women—all the better to hear them—and the women’s earnest smiles revealed spectacular dental work.
The Revolt of the Public and the Crisis of Authority in the New Millennium by Martin Gurri
Affordable Care Act / Obamacare, Albert Einstein, anti-communist, Arthur Eddington, Ayatollah Khomeini, bitcoin, Black Swan, Burning Man, business cycle, citizen journalism, Climategate, Climatic Research Unit, collective bargaining, creative destruction, crowdsourcing, currency manipulation / currency intervention, dark matter, David Graeber, death of newspapers, en.wikipedia.org, Erik Brynjolfsson, facts on the ground, Francis Fukuyama: the end of history, Frederick Winslow Taylor, full employment, housing crisis, income inequality, Intergovernmental Panel on Climate Change (IPCC), invention of writing, job-hopping, Mohammed Bouazizi, Nate Silver, Occupy movement, Port of Oakland, Republic of Letters, Ronald Reagan, Skype, Steve Jobs, the scientific method, The Signal and the Noise by Nate Silver, too big to fail, traveling salesman, University of East Anglia, urban renewal, War on Poverty, We are the 99%, WikiLeaks, young professional
In reality, of course, they had come very much from somewhere: the internet, a place of mystery to the authorities in Spain as it had been in Egypt. The demonstrations were not spontaneous, but had been planned for months on Facebook. A Facebook group calling itself “Real Democracy Now” had appeared in January, and had been embraced by an odd assortment of bloggers, activists, and online sects with suggestive names like “Youth Without a Future.” Most participants were young professionals or university students. Egypt’s uprising – which they had followed, like the rest of the world, on the global information sphere – served as an inspiration and, in many ways, as a model. The organizers kept a tight focus on the unifying point of reference, the affair they, and so many other Spaniards, were interested in: what they stood against. Objective conditions in Spain supplied a conspicuous target.
How to Turn Down a Billion Dollars: The Snapchat Story by Billy Gallagher
Airbnb, Albert Einstein, Amazon Web Services, Apple's 1984 Super Bowl advert, augmented reality, Bernie Sanders, Black Swan, citizen journalism, Clayton Christensen, computer vision, disruptive innovation, Donald Trump, El Camino Real, Elon Musk, Frank Gehry, Google Glasses, Hyperloop, information asymmetry, Jeff Bezos, Justin.tv, Lean Startup, Long Term Capital Management, Mark Zuckerberg, Menlo Park, minimum viable product, Nelson Mandela, Oculus Rift, paypal mafia, Peter Thiel, QR code, Sand Hill Road, Saturday Night Live, side project, Silicon Valley, Silicon Valley startup, Snapchat, social graph, sorting algorithm, speech recognition, stealth mode startup, Steve Jobs, too big to fail, Y Combinator, young professional
But Snapchat’s success has also led to rising rents and gentrification that has pushed out some longtime residents of Venice. One of the reasons Evan initially liked having Snapchat in Venice was that employees could talk openly about work at a bar without worrying about being overheard by competitors, journalists, or other people in the tech ecosystem. The town that had previously attracted the artists, writers, poets, and beatniks now attracted young professionals looking to strike it rich in the tech world. Snapchat thrived in Venice because no one cared about tech or apps. Now, Snapchat is undeniably changing that. CHAPTER TWENTY-FOUR DISCOVER JULY 2014 VENICE, CA Snapchat was meant to be the private network, not the social network. Evan wants users to share frequently with their closest friends, not with thousands of people. Snapchat has fantastic user-generated content in the photo and video compilations people post on their stories.
Berlin Now: The City After the Wall by Peter Schneider, Sophie Schlondorff
Berlin Wall, Dissolution of the Soviet Union, Johann Wolfgang von Goethe, mass immigration, New Urbanism, Peter Eisenman, rent control, Ronald Reagan, Ronald Reagan: Tear down this wall, Silicon Valley, young professional
Sure, there’s an organic Bio Company supermarket on Sonnenallee, which targets customers willing to pay sixty cents for a roll every now and then. But the new boutiques and bars aren’t popular among the neighborhood’s long-standing jobless and militant leftist Autonome. Many small entrepreneurs keep the doors to their businesses locked during the day because they’re worried about attacks and demonstrations; you have to knock if you want to buy something in these shops. The entrenched Hartz IV recipients consider the young professionals who get up in the morning to go do something a provocation. “Yes, there are new bohemians,” Buschkowsky concludes, “but these people are neither in a position nor mood to create a new Neukölln. If you ask them, you’ll find that most of them have been here for only five to eight months. They’ll leave again in five years, at the very latest—many after just two.” The conditions in many schools in Neukölln, the mayor explains, are still catastrophic: the student body is 80 to 90 percent Muslim, with only a fraction of native German students; the kids in these schools speak Turkish or Arabic among themselves.
Affluenza: The All-Consuming Epidemic by John de Graaf, David Wann, Thomas H Naylor, David Horsey
big-box store, Community Supported Agriculture, Corrections Corporation of America, Donald Trump, Exxon Valdez, financial independence, Ford paid five dollars a day, full employment, God and Mammon, greed is good, income inequality, informal economy, invisible hand, Isaac Newton, Mark Shuttleworth, McMansion, medical malpractice, new economy, Peter Calthorpe, Ralph Nader, Ray Oldenburg, Ronald Reagan, Silicon Valley, Simon Kuznets, single-payer health, The Great Good Place, trade route, upwardly mobile, Yogi Berra, young professional
His mom leaves him in the video arcade with a roll of quarters while she makes the rounds of the dozens of shops in the mall. Hours later, on the way home, they stop at Blockbuster’s to rent a couple of movies so Jason won’t complain of boredom that night. Though the day is sunny and warm, unusually so for late fall, even the park in Jason’s upper-middle-class subdivision is devoid of kids. There are plenty of children in this neighborhood of young professionals. But if they’re not shopping, they’re indoors communing with Xbox or the Cartoon Network. It’s a tough choice for Jason, but he’s tired of the games he has, so he turns on the TV. Jason is, admittedly, an imaginary, composite kid. But his experience at the mall is far from atypical. In 1999, according to the National Retail Foundation, Americans spent nearly $200 billion on holiday gifts, more than $850 per consumer.
SUPERHUBS: How the Financial Elite and Their Networks Rule Our World by Sandra Navidi
activist fund / activist shareholder / activist investor, assortative mating, bank run, barriers to entry, Bernie Sanders, Black Swan, Blythe Masters, Bretton Woods, butterfly effect, Capital in the Twenty-First Century by Thomas Piketty, Carmen Reinhart, central bank independence, cognitive bias, collapse of Lehman Brothers, collateralized debt obligation, commoditize, conceptual framework, corporate governance, Credit Default Swap, credit default swaps / collateralized debt obligations, crony capitalism, diversification, East Village, Elon Musk, eurozone crisis, family office, financial repression, Gini coefficient, glass ceiling, Goldman Sachs: Vampire Squid, Google bus, Gordon Gekko, haute cuisine, high net worth, hindsight bias, income inequality, index fund, intangible asset, Jaron Lanier, John Meriwether, Kenneth Arrow, Kenneth Rogoff, knowledge economy, London Whale, Long Term Capital Management, longitudinal study, Mark Zuckerberg, mass immigration, McMansion, mittelstand, money market fund, Myron Scholes, NetJets, Network effects, offshore financial centre, old-boy network, Parag Khanna, Paul Samuelson, peer-to-peer, performance metric, Peter Thiel, plutocrats, Plutocrats, Ponzi scheme, quantitative easing, Renaissance Technologies, rent-seeking, reserve currency, risk tolerance, Robert Gordon, Robert Shiller, Robert Shiller, rolodex, Satyajit Das, shareholder value, Silicon Valley, social intelligence, sovereign wealth fund, Stephen Hawking, Steve Jobs, The Future of Employment, The Predators' Ball, The Rise and Fall of American Growth, too big to fail, women in the workforce, young professional
Top finance executives live in a rarefied and insular world rich in prestige, privileges, and pecuniary rewards. However, those rewards require sacrifices and trade-offs, and the negative risks are dizzyingly high. The tough culture behind the sparkly facade of financial firms manifests itself in phrases popular in the financial world such as, “You are only as good as your last deal,” “What have you done for me lately?” and “You eat what you kill.” Recruiters give promising young professionals the star treatment and seduce them with prestigious and high-salaried job offers. Initially, the stimulating environment is invigorating, and the strong culture and camaraderie provide a sense of community, purpose, and importance. However, the unpredictability of staying on call 24/7—without any control or ability to set boundaries—eventually takes a toll. The world of finance is a way of life, an all-or-nothing culture where either you’re in or you’re out; either you play the game or you sit on the sidelines.
The End of Men: And the Rise of Women by Hanna Rosin
affirmative action, call centre, cognitive dissonance, David Brooks, delayed gratification, edge city, facts on the ground, financial independence, hiring and firing, housing crisis, income inequality, informal economy, job satisfaction, low skilled workers, manufacturing employment, meta analysis, meta-analysis, new economy, New Urbanism, Norman Mailer, Northern Rock, post-work, postindustrial economy, purchasing power parity, Results Only Work Environment, Silicon Valley, social intelligence, Stanford prison experiment, Steven Pinker, union organizing, upwardly mobile, white picket fence, women in the workforce, young professional
In 2011, researcher Hannah Riley Bowles: Hannah Riley Bowles and Linda Babcock, “Relational Accounts: A Strategy for Women Negotiating for Higher Compensation,” invited resubmission to Organizational Behavior & Human Decision Processes, 2011. describes her own inept attempts at asking: Mika Brzezinski, Knowing Your Value: Women, Money, and Getting What You’re Worth (New York: Weinstein Books, 2011). We know, from a long-term study of Chicago: Marianne Bertrand, Claudia Goldin, and Lawrence F. Katz, “Dynamics of the Gender Gap for Young Professionals in the Financial and Corporate Sectors,” American Economic Journal: Applied Economics 2, no. 3 (2010): 228–255. Do women lack ambition?: Anna Fels, “Do Women Lack Ambition?” Harvard Business Review 9, no. 4 (2004): 50–60. perfectly articulated in a column by Michael Lewis: Michael Lewis, “How to Put Your Wife Out of Business,” Los Angeles Times, March 6, 2005. This is an economy where single childless women: Analysis of Census Bureau American Community Survey data by Reach Advisors’ James Chung and Sally Johnstone, “A Glimpse into the Postcrash Environment,” Urban Land, March/April 2010: “When analyzing the incomes of single women in their 20s compared to single men in their 20s, women earn 105 percent of what their male counterparts earn in the average metropolitan market.”
Devil's Teeth: A True Story of Obsession and Survival Among America's Great White Sharks by Susan Casey
“It’s been twenty-eight days,” he moaned. Russ and Pete looked at each other, ungroomed for weeks, facial hair running amok. “It’s been seventy-eight days!” Russ yelled at the screen. Even so, the five of them were loving their time here, never mind that they had to work fourteen hours at a stretch to keep up with the birds. Simply put, they were happy. There was no whiff of the driven, anxious, upwardly-mobile-or-die young professional. They’d made a career choice that had nothing to do with money and everything to do with the fact that they’d never lost the child’s sense of amazement about nature. It was as though the “career goal” entry on their résumés read: “To stay as far away from an office cubicle as humanly possible.” In the early evening I sat at a desk by the front window of the living room, flipping through old logbooks.
Hacking Growth: How Today's Fastest-Growing Companies Drive Breakout Success by Sean Ellis, Morgan Brown
Airbnb, Amazon Web Services, barriers to entry, Ben Horowitz, bounce rate, business intelligence, business process, correlation does not imply causation, crowdsourcing, DevOps, disruptive innovation, Elon Musk, game design, Google Glasses, Internet of things, inventory management, iterative process, Jeff Bezos, Khan Academy, Kickstarter, Lean Startup, Lyft, Mark Zuckerberg, market design, minimum viable product, Network effects, Paul Graham, Peter Thiel, Ponzi scheme, recommendation engine, ride hailing / ride sharing, side project, Silicon Valley, Silicon Valley startup, Skype, Snapchat, software as a service, Steve Jobs, subscription business, Travis Kalanick, Uber and Lyft, Uber for X, uber lyft, working poor, Y Combinator, young professional
Zhongmin Wang, “Anonymity, Social Image, and the Competition for Volunteers: A Case Study of the Online Market for Reviews,” April, 2010, https://editorialexpress.com/cgi-bin/conference/download.cgi?db_name=IIOC2010&paper_id=336. 17. Sarah Silbert, “The Inside Scoop on the Amex Centurion (Black) Card,” The Points Guy (blog), October 14, 2015, thepointsguy.com/2015/10/amex-centurion-black-card/. 18. Sarah Buhr, “theSkimm on How to Rapidly Grow an Audience of Engaged Millennials,” TechCrunch, May 9, 2016, techcrunch.com/2016/05/09/theskimm-on-a-better-way-to-serve-the-news-to-young-professionals/. 19. Justin Ellis, “How theSkimm’s Passionate Readership Helped Its Newsletter Grow to 1.5 Million Subscribers,” Nieman Lab blog, August 18, 2015, niemanlab.org/2015/08/how-the-skimms-passionate-readership-helped-its-newsletter-grow-to-1-5-million-subscribers/. 20. Jimmy Daly, “Behavioral Emails That Keep Customers Coming Back (with Examples from My Inbox),” Unbounce blog, March 9, 2015, unbounce.com/email-marketing/behavioral-emails-keep-customers-coming-back/. 21.
Infomocracy: A Novel by Malka Older
Tanty lifts her tumbler, swirls it, digs out a strawberry with the swizzle stick. “There are a couple of outliers, but I don’t want to talk about it here.” “Here?” Ken asks, raising his eyebrows and glancing around. They chose this bar not only for its powerful swills but also for the level of noise and the general lack of interest from the patrons in anything other than their own latest-model projectors. Most of the clientele look like young professionals, educated (maybe even foreign-educated) and chic (some of them retro chic). “First of all, this looks like our demographic, or at least more us than a corporate. And secondly, do they even care?” He sighs and drinks. “Which is exactly the problem with our demographic.” “It’s not that clear-cut. These kids all look cool, right?” Tanty flicks some more ash, trying to look cool herself. “Most of them are probably living with their parents.
Rolling Nowhere by Ted Conover
Tonight it was right, in part because of the fascinating transformation in Bill and Forrest’s appearance since they donned their new clothes. Bill’s grimy old sweatshirt and jeans, I saw as we moved underneath a streetlight, had been replaced by slacks and a blue- and-white pinstriped shirt. Over it was a London Fog overcoat that someone had donated in good condition. With a tooth or two replaced Bill could easily have looked the part of a promising young professional. I suddenly remembered a photo article in Esquire magazine, in which a number of derelicts were given shaves and haircuts and new suits and presented as up-and- coming business leaders. The illusion had been totally believable. I was startled by how well Bill recreated it. He reached in his pockets to see if anything of value had been left there, and brought out a pair of ticket stubs to a symphony performance.
Visit Sunny Chernobyl: And Other Adventures in the World's Most Polluted Places by Andrew Blackwell
carbon footprint, clean water, Google Earth, gravity well, liberation theology, nuclear paranoia, oil rush, oil shale / tar sands, place-making, ride hailing / ride sharing, sensible shoes, Silicon Valley, special economic zone, the scientific method, young professional
Between this and the Chernobyl Museum, I was beginning to discern a Ukrainian national genius for eclecticism. And they sold radiation detectors. PADEKC, said the brand name on the box. NHDNKATOP PADNOAKTNBHOCTN. The device itself was a small, white plastic box with a digital readout and three round buttons. It looked like an early-model iPod, if iPods had been built by PADEKC. It was simple and stylish, perfect for hip, young professionals on the go in a nuclear disaster zone. Leonid—the salesman—assured me that it could measure not only gamma radiation but alpha and beta as well. (Leonid was a liar.) He turned it on. “Russian made,” he said. We crowded around. The unit beeped uncertainly a few times, then popped up a reading of 16. Sounded good to me. I coughed up far too many hryvnia and tossed the PADEKC in my backpack, and we went outside.
Realizing Tomorrow: The Path to Private Spaceflight by Chris Dubbs, Emeline Paat-dahlstrom, Charles D. Walker
Berlin Wall, call centre, Charles Lindbergh, desegregation, Donald Trump, Doomsday Book, Elon Musk, high net worth, Iridium satellite, iterative process, Jeff Bezos, Kickstarter, low earth orbit, Mark Shuttleworth, Mikhail Gorbachev, multiplanetary species, Nelson Mandela, Norman Mailer, private space industry, Richard Feynman, Ronald Reagan, Search for Extraterrestrial Intelligence, Silicon Valley, Skype, Steve Jobs, Steve Wozniak, technoutopianism, X Prize, young professional
Thrilled by the prospect of spaceflight since she was a kid, she could not have been more ecstatic. "After Branson announced it and after having had the first private spacecraft in space, it suddenly just became a lot more attainable and real." Little did she know at the time that within a few months, she would have a reservation on a Virgin Galactic flight. Hidalgo is part of a new generation of young professionals from the postApollo era whose enthusiasm and high energy kick-started a resurgence in space advocacy. Growing up in northern California, starry-eyed and idealistic, she assumed that by the time she was an adult, everyone would have a rocket in the garage. "My whole life, I just assumed I'll get to go. It was never anything I questioned." She thought about applying to the astronaut corps at one point and had pursued an advanced degree in biology to be astronaut eligible, a prerequisite to send in an astronaut application.
Living in a Material World: The Commodity Connection by Kevin Morrison
addicted to oil, barriers to entry, Berlin Wall, carbon footprint, clean water, commoditize, commodity trading advisor, computerized trading, diversified portfolio, Doha Development Round, Elon Musk, energy security, European colonialism, flex fuel, food miles, Hernando de Soto, Hugh Fearnley-Whittingstall, hydrogen economy, Intergovernmental Panel on Climate Change (IPCC), Kickstarter, Long Term Capital Management, new economy, North Sea oil, oil rush, oil shale / tar sands, oil shock, out of africa, Paul Samuelson, peak oil, price mechanism, Ronald Coase, Ronald Reagan, Silicon Valley, sovereign wealth fund, the payments system, The Wealth of Nations by Adam Smith, trade liberalization, transaction costs, uranium enrichment, young professional
When I was a child growing up in Islington in the 1970s, we shared the phone connection in our house with a Turkish Cypriot family down the road. I could always tell when they were on the line because I couldn’t understand a word they were saying. The 1970s ushered in the colour television (black and white TV was invented in the 1930s) and video recorders. Then, in the 1980s the CD player was introduced – 1982 to be exact – and the brick-sized and METALS | 189 very expensive mobile phones, which became synonymous with the rich young professionals – or ‘yuppies’ – of the era. The 1990s brought more slimline mobile phones to a wider audience along with personal computers, digital cameras, DVDs, TV set-top boxes for satellite and cable TV, games consoles and – for the elderly – pacemakers. The 2000s is the era of MP3 players, the iPod, plasma TV, digital TV and digital radio. Innovative design or planned obsolescence means that computers are being updated every couple of years.
The Industries of the Future by Alec Ross
23andMe, 3D printing, Airbnb, algorithmic trading, AltaVista, Anne Wojcicki, autonomous vehicles, banking crisis, barriers to entry, Bernie Madoff, bioinformatics, bitcoin, blockchain, Brian Krebs, British Empire, business intelligence, call centre, carbon footprint, cloud computing, collaborative consumption, connected car, corporate governance, Credit Default Swap, cryptocurrency, David Brooks, disintermediation, Dissolution of the Soviet Union, distributed ledger, Edward Glaeser, Edward Snowden, en.wikipedia.org, Erik Brynjolfsson, fiat currency, future of work, global supply chain, Google X / Alphabet X, industrial robot, Internet of things, invention of the printing press, Jaron Lanier, Jeff Bezos, job automation, John Markoff, Joi Ito, Kickstarter, knowledge economy, knowledge worker, lifelogging, litecoin, M-Pesa, Marc Andreessen, Mark Zuckerberg, Mikhail Gorbachev, mobile money, money: store of value / unit of account / medium of exchange, Nelson Mandela, new economy, offshore financial centre, open economy, Parag Khanna, paypal mafia, peer-to-peer, peer-to-peer lending, personalized medicine, Peter Thiel, precision agriculture, pre–internet, RAND corporation, Ray Kurzweil, recommendation engine, ride hailing / ride sharing, Rubik’s Cube, Satoshi Nakamoto, selective serotonin reuptake inhibitor (SSRI), self-driving car, sharing economy, Silicon Valley, Silicon Valley startup, Skype, smart cities, social graph, software as a service, special economic zone, supply-chain management, supply-chain management software, technoutopianism, The Future of Employment, Travis Kalanick, underbanked, Vernor Vinge, Watson beat the top human players on Jeopardy!, women in the workforce, Y Combinator, young professional
Going through the profiles of 78 members of his staff, I only found one person with so much as a fleck of gray hair. This made me question whether Dan had it totally right, but it’s hard to argue with his success, especially when I have seen plenty of its opposite in Europe. I am utterly convinced that one of the unspoken reasons for France and Mediterranean Europe’s prolonged stagnation is the degree to which young professionals are forced to wait for decades before being given real authority or the early-stage investments necessary to start their own companies. It is not a coincidence that Google, Facebook, Microsoft, Oracle, and countless other information-age companies were started by people in their twenties—and started in the United States. As Dan Wagner says, “I think the United States is very special in the sense that in our culture we have an appreciation for merit and the best idea in the room.
Free Market Missionaries: The Corporate Manipulation of Community Values by Sharon Beder
anti-communist, battle of ideas, business climate, corporate governance, en.wikipedia.org, full employment, income inequality, invisible hand, liquidationism / Banker’s doctrine / the Treasury view, minimum wage unemployment, Mont Pelerin Society, new economy, old-boy network, popular capitalism, Powell Memorandum, price mechanism, profit motive, Ralph Nader, rent control, risk/return, road to serfdom, Ronald Reagan, school vouchers, shareholder value, spread of share-ownership, structural adjustment programs, The Chicago School, the market place, The Wealth of Nations by Adam Smith, Thomas L Friedman, Torches of Freedom, trade liberalization, traveling salesman, trickle-down economics, Upton Sinclair, Washington Consensus, wealth creators, young professional
It was the blueprint used by the Labour Party when it was elected in 1984 and the programme of restructuring that resulted was dubbed ‘Rogernomics’ (after Roger Douglas).40 Once elected, Douglas’s power in Cabinet was supplemented by two senior politicians of like mind who were made associate ministers of ﬁnance – David Caygill and Richard Prebble. These three ministers worked as a team on policy development and strategy, and dominated the Cabinet’s Policy Committee. The team was also represented on all the other policy-making committees. The cabinet was mainly made up of young professionals rather than old-time trade unionists, and Prime Minister David Lange, a lawyer, had little interest in, or knowledge of, economics. Lange accepted his minister’s assurance that the new programme of reforms would deliver social equity as well as economic growth.41 Douglas was recognized for his efforts by the Mont Pèlerin Society in 1989 when it met in NZ. At the time, the partnership between Douglas and Lange had fallen apart over Douglas’s proposal to implement a 23 per cent ﬂat tax.
Range: Why Generalists Triumph in a Specialized World by David Epstein
Airbnb, Albert Einstein, Apple's 1984 Super Bowl advert, Atul Gawande, Checklist Manifesto, Claude Shannon: information theory, Clayton Christensen, clockwork universe, cognitive bias, correlation does not imply causation, Daniel Kahneman / Amos Tversky, deliberate practice, Exxon Valdez, Flynn Effect, Freestyle chess, functional fixedness, game design, Isaac Newton, Johannes Kepler, knowledge economy, lateral thinking, longitudinal study, Louis Pasteur, Mark Zuckerberg, medical residency, meta analysis, meta-analysis, Mikhail Gorbachev, Nelson Mandela, Netflix Prize, pattern recognition, Paul Graham, precision agriculture, prediction markets, premature optimization, pre–internet, random walk, randomized controlled trial, retrograde motion, Richard Feynman, Richard Feynman: Challenger O-ring, Silicon Valley, Stanford marshmallow experiment, Steve Jobs, Steve Wozniak, Steven Pinker, Walter Mischel, Watson beat the top human players on Jeopardy!, Y Combinator, young professional
It’s not that either. The authors of the monograph—a major, a retired lieutenant colonel, and a colonel, all current or former West Point professors—pinpointed the problem as a match quality conundrum. The more skilled the Army thought a prospective officer could become, the more likely it was to offer a scholarship. And as those hardworking and talented scholarship recipients blossomed into young professionals, they tended to realize that they had a lot of career options outside the military. Eventually, they decided to go try something else. In other words, they learned things about themselves in their twenties and responded by making match quality decisions. The academy’s leaky officer pipeline began springing holes en masse in the 1980s, during the national transition to a knowledge economy.
The Meritocracy Myth by Stephen J. McNamee
affirmative action, Affordable Care Act / Obamacare, American ideology, Bernie Madoff, British Empire, business cycle, collective bargaining, computer age, conceptual framework, corporate governance, deindustrialization, delayed gratification, demographic transition, desegregation, deskilling, equal pay for equal work, estate planning, failed state, fixed income, gender pay gap, Gini coefficient, glass ceiling, helicopter parent, income inequality, informal economy, invisible hand, job automation, joint-stock company, labor-force participation, longitudinal study, low-wage service sector, marginal employment, Mark Zuckerberg, mortgage debt, mortgage tax deduction, new economy, New Urbanism, obamacare, occupational segregation, old-boy network, pink-collar, plutocrats, Plutocrats, Ponzi scheme, post-industrial society, prediction markets, profit motive, race to the bottom, random walk, school choice, Scientific racism, Steve Jobs, The Bell Curve by Richard Herrnstein and Charles Murray, The Spirit Level, The Wealth of Nations by Adam Smith, too big to fail, trickle-down economics, upwardly mobile, We are the 99%, white flight, young professional
These extra duties off the job may affect performance on the job. Despite the image of the “24/7” woman who can have it all and do it all, the reality is that any one person has only a finite amount of time, energy, and attention available. To the extent that women carry these additional burdens more than men, they are at a collective nonmerit disadvantage in the labor force competing with men. Young professionals, especially, work long hours and are often called upon for additional work duties on short notice. It is the fast-track professional on the make who “goes the extra mile” who gets the promotion—not the one who has to rush home immediately after work to take care of the kids, is chronically sleep deprived, or is unavailable to fly off to London over the weekend to seal a deal. In this way, unequal division of household labor creates severe handicaps for women who bear these responsibilities and a distinct nonmerit advantage for men who do not.
Big Dead Place: Inside the Strange and Menacing World of Antarctica by Nicholas Johnson
I had never contributed money to him but, in a political studies class in high school, our teacher had told us to volunteer for a political campaign, and I didn’t hesitate in my choice to work for the Senator: I had been haunted for years by the Senator’s vein-hewn skull, the half-lidded roving tumors that dwelled within cavernous eye sockets that seemed big enough to receive endless buckets of golf balls, and by his smile, which looked like a compound fracture. In a house-basement in the suburbs I stuffed envelopes for the Senator’s campaign with a friendly woman who openly hated Democrats and carefully disliked Mexicans. A young professional guy with a white shirt and tie came in occasionally to stuff a few envelopes, but mainly just to soak up the action. His shirtsleeves were rolled up and the smell of wet envelope glue seemed to excite him. Our little campaign outpost was furnished only with tables and chairs and phones, the bare essentials of groveling for funding. But though we were small, we were part of a large and noble organism; there were thousands of us all over the state, huddled in basements like this one, doing our part to plead for money for the ghoulish Senator.
Creative Intelligence: Harnessing the Power to Create, Connect, and Inspire by Bruce Nussbaum
3D printing, Airbnb, Albert Einstein, Berlin Wall, Black Swan, Chuck Templeton: OpenTable:, clean water, collapse of Lehman Brothers, creative destruction, Credit Default Swap, crony capitalism, crowdsourcing, Danny Hillis, declining real wages, demographic dividend, disruptive innovation, Elon Musk, en.wikipedia.org, Eugene Fama: efficient market hypothesis, Fall of the Berlin Wall, follow your passion, game design, housing crisis, Hyman Minsky, industrial robot, invisible hand, James Dyson, Jane Jacobs, Jeff Bezos, jimmy wales, John Gruber, John Markoff, Joseph Schumpeter, Kickstarter, lone genius, longitudinal study, manufacturing employment, Marc Andreessen, Mark Zuckerberg, Martin Wolf, new economy, Paul Graham, Peter Thiel, QR code, race to the bottom, reshoring, Richard Florida, Ronald Reagan, shareholder value, Silicon Valley, Silicon Valley ideology, Silicon Valley startup, six sigma, Skype, Steve Ballmer, Steve Jobs, Steve Wozniak, supply-chain management, Tesla Model S, The Chicago School, The Design of Experiments, the High Line, The Myth of the Rational Market, thinkpad, Tim Cook: Apple, too big to fail, tulip mania, We are the 99%, Y Combinator, young professional, Zipcar
Calls are considered an invasion of privacy and too intimate for a generation that would much rather interact by texting. So you need to “KNOCK.” “KNOCK” was an app that allowed you to request a real-time call via text message. You KNOCK on an acquaintance’s cell phone “door,” say who you are and why you are calling, and offer a choice of times. You can also KNOCK the message forward and connect to others. The students said KNOCK would help struggling young professionals who are unfamiliar with phone etiquette, as well as people generally lacking in social graces. Each group, whether it’s a demographic or a regional or a national group, has its own culture—the groups we create are no exception. Each has its own rituals, shared values, community expectations, and secret “knocks.” Learning what they are is a way of saying, “I respect your values.” It’s also a promise that you have something that might be of value to others.
The Einstein of Money: The Life and Timeless Financial Wisdom of Benjamin Graham by Joe Carlen
Albert Einstein, asset allocation, Bernie Madoff, Bretton Woods, business cycle, business intelligence, discounted cash flows, Eugene Fama: efficient market hypothesis, full employment, index card, index fund, intangible asset, invisible hand, Isaac Newton, laissez-faire capitalism, margin call, means of production, Norman Mailer, oil shock, post-industrial society, price anchoring, price stability, reserve currency, Robert Shiller, Robert Shiller, the scientific method, Vanguard fund, young professional
Afterward, he was still expected to perform well at school (in fact, the academic pressure intensified as the scholastic success of the Grossbaum boys was seen by their mother as the family's ultimate exit route from poverty) while taking on as much part-time and seasonal work as possible. From selling magazines to tutoring his fellow students in math and working at a dairy farm, a theater, and a telephone-assembly operation, such work remained an integral element of his life from age nine all the way through high school and college. In fact, even as a young professional on Wall Street, he would often moonlight at various other jobs (e.g., tutoring children of high-ranking US military officers in various subjects) to bring in some additional income. So, although his investment education came relatively late (as least compared to Warren Buffett, who began reading investment books at the tender age of eight), Graham certainly knew the value of a dollar from a very early age.
B Is for Bauhaus, Y Is for YouTube: Designing the Modern World From a to Z by Deyan Sudjic
3D printing, additive manufacturing, Albert Einstein, Berlin Wall, Boris Johnson, Buckminster Fuller, call centre, carbon footprint, clean water, dematerialisation, deskilling, edge city, Elon Musk, Frank Gehry, Guggenheim Bilbao, illegal immigration, James Dyson, Jane Jacobs, Kitchen Debate, light touch regulation, market design, megastructure, moral panic, New Urbanism, place-making, QWERTY keyboard, Silicon Valley, Steve Jobs, Steve Wozniak, the scientific method, University of East Anglia, urban renewal, urban sprawl, young professional
Conran style works not because people want to be like him, but because he has a knack of creating a way of life that anybody can buy into, a way of life that includes fresh coffee and holidays in France, going out to unflashy restaurants, and gardening in a stylish manner. It was never about conspicuous consumption; bright new plastic chairs could sit comfortably next to junk-shop finds and the occasional antique. It began as the style of choice of the strapped-for-cash student, the young professional setting up home for the first time, and bit by bit it almost imperceptibly elbowed aside what had gone before to become the signature style of grown-up Britain, a generational shift that had its apotheosis on the night that the Blairs took Bill and Hillary Clinton for dinner at the Pont de la Tour, Conran’s Thameside restaurant. And of course it’s also taken on some of the aura of a period piece, albeit a period piece that is already the subject of a nostalgic revival.
Bit Rot by Douglas Coupland
3D printing, Airbnb, airport security, bitcoin, Burning Man, delayed gratification, dematerialisation, Edward Snowden, Elon Musk, en.wikipedia.org, Google Glasses, Guggenheim Bilbao, index card, jimmy wales, Lyft, Marshall McLuhan, Maui Hawaii, McJob, Menlo Park, nuclear paranoia, Pepto Bismol, pre–internet, Ray Kurzweil, Sand Hill Road, Silicon Valley, Skype, Stanford marshmallow experiment, Ted Kaczynski, The Future of Employment, uber lyft, young professional
I’m curious to see if the names they go for are grocery-like (Ranch Dressing) or if they go scientific (Wellbutrin). This makes me think that in-house marketing teams are probably already on the case, identifying discrete segments within the pot user base, as well as trying to locate new ones. Old-school hippies. Moms. Emos. Country-and-western listeners. Superpatriots. Jocks. Hipsters. PTSD sufferers. Telemundo viewers. Rapper wannabes. Young professionals. Jimmy Buffett fans. Deadheads—now there’s a superbrand just waiting to happen. Of course, not everyone’s going to want the same packaging, and remember, whoever gets market share first is probably going to be the most successful and endure the longest. Think Marlboro. It’s a Klondike just waiting to start, and it’s going to be brutal. Smoking is actually a pretty clumsy THC delivery system; we use it simply because we’re familiar with it.
Blood and Oil: Mohammed Bin Salman's Ruthless Quest for Global Power by Bradley Hope, Justin Scheck
augmented reality, Ayatollah Khomeini, clean water, coronavirus, distributed generation, Donald Trump, Downton Abbey, Elon Musk, Exxon Valdez, Google Earth, high net worth, Jeff Bezos, Marc Andreessen, Mark Zuckerberg, MITM: man-in-the-middle, new economy, Peter Thiel, ride hailing / ride sharing, Sand Hill Road, Silicon Valley, South of Market, San Francisco, sovereign wealth fund, starchitect, Steve Jobs, Tim Cook: Apple, trade route, Travis Kalanick, Uber for X, urban planning, women in the workforce, young professional, zero day
Nearby countries like Lebanon had the opposite problem. Lebanon had plenty of educated would-be professionals. The country’s colonial ties to France and long relationship with the United States meant many of those professionals had the language skills to work with foreign partners. But Lebanon didn’t have cash. Its slow-growing economy provided little opportunity for these graduates to work their way toward prosperity. So young professionals like Saad’s father, Rafic, left for the growing kingdom to support their families. They didn’t always find easy profits. Instead, they found that Saudi Arabia’s cash flow would rise and fall dramatically based on global oil prices. A sudden spike would result in a raft of new construction projects; a price drop would render the kingdom unable to pay its bills. Companies went boom and bust, and Rafic, working for construction companies, was at the mercy of this cycle.
Lonely Planet Morocco (Travel Guide) by Lonely Planet, Paul Clammer, Paula Hardy
air freight, Airbnb, call centre, car-free, carbon footprint, clean water, illegal immigration, low cost airline, Nelson Mandela, Norman Mailer, place-making, Skype, spice trade, sustainable-tourism, trade route, urban planning, urban sprawl, women in the workforce, working poor, young professional
The blend of old-world character and stylish contemporary design is reflected in the excellent menu of interesting variations on tajine, couscous, pastilla, and grilled meat and fish. Agdal Galapagos Café CAFE € OFFLINE MAP GOOGLE MAP (14 Blvd al-Amir Fal Ould Omar) Slick cafe-terrace with dark-wood panelling, contemporary furniture and floor-to-ceiling windows. It’s popular with young professionals for its ice cream, pizzas, panini and people-watching. Bert’s CAFE €€ OFFLINE MAP GOOGLE MAP ( 0802 00 07 07; cnr Ave de France & Rue Melouya) This very stylish cafe in smart Agdal dishes up a seasonal menu of vitamin-packed salads and sandwiches, very special desserts and fresh fruit juices, and they deliver from 8am to 10pm Monday to Saturday. L’Entrecôte FRENCH €€€ OFFLINE MAP GOOGLE MAP ( 0537 67 11 08; 74 Blvd al-Amir Fal Ould Omar; mains Dh180; lunch & dinner) The menu and attitude at this upmarket, old-style restaurant in Agdal are very French, but the dark woods and rough plaster are more reminiscent of Bavaria than Bordeaux.
Dinner For a hearty change of pace from salads and couscous, try a vegetarian pasta (anything with eggplant is especially tasty) or omelette (usually served with thick-cut fries). If you’re staying in a Moroccan guesthouse, before you leave in the morning you can usually request a vegetarian tajine made to order with market-fresh produce. Pity you can’t do that at home, right? L’Asha (Dinner) Dinner in Morocco doesn’t usually start until around 8pm or 9pm, after work and possibly a sunset stroll. Most Moroccans eat dinner at home, but you may notice young professionals, students and bachelors making a beeline for the local snak or pizzeria. In winter you’ll see vendors crack open steaming vats of harira – a hearty soup with a base of tomatoes, onions, saffron and coriander, often with lentils, chickpeas and/or lamb. Dinner at home may often be harira and lunch leftovers, with the notable exception of Ramadan and other celebrations. Top chefs consult Paula Wolfert’s Couscous and Other Good Food from Morocco, which includes 20 tantalising recipes for the titular dish; it won the 2008 James Beard Cookbook Hall of Fame Award.
On Her Majesty's Nuclear Service by Eric Thompson
amateurs talk tactics, professionals talk logistics, Berlin Wall, British Empire, cuban missile crisis, Etonian, Fall of the Berlin Wall, friendly fire, Kickstarter, Mikhail Gorbachev, mutually assured destruction, Parkinson's law, Winter of Discontent, Yom Kippur War, young professional
The landowners’ objections were that Naval helicopters would disturb the rutting of their deer. The local fishermen were worried about the loss of their fishing grounds. The Free Church of Scotland was up in arms at the prospect of people working on the Sabbath Day – it was already opposed to the Skye ferry operating on Sundays. Foremost amongst the interested parties was the West Highland Free Press, a unique local newspaper which had just been established by a young professional journalist called Brian Wilson who had already played a leading role in the protest against the basing of American Polaris submarines in the Holy Loch. He was a graduate of Dundee University and native of Dunoon, which neighboured the American base. Wilson had recently moved to Skye to set up his employee-owned newspaper with university friends. I had read it and was mightily impressed – it read more like a Highland version of The Guardian than a local rag.
Seasteading: How Floating Nations Will Restore the Environment, Enrich the Poor, Cure the Sick, and Liberate Humanity From Politicians by Joe Quirk, Patri Friedman
3D printing, access to a mobile phone, addicted to oil, Affordable Care Act / Obamacare, agricultural Revolution, Albert Einstein, barriers to entry, Branko Milanovic, British Empire, Buckminster Fuller, Burning Man, business climate, business cycle, business process, California gold rush, Celtic Tiger, Charles Lindbergh, clean water, Colonization of Mars, Dean Kamen, Deng Xiaoping, drone strike, Elon Musk, en.wikipedia.org, failed state, financial intermediation, Gini coefficient, happiness index / gross national happiness, income inequality, Intergovernmental Panel on Climate Change (IPCC), joint-stock company, joint-stock limited liability company, Kickstarter, low skilled workers, Machinery of Freedom by David Friedman, Mark Zuckerberg, megacity, minimum wage unemployment, Network effects, new economy, obamacare, offshore financial centre, open borders, paypal mafia, peak oil, Peter H. Diamandis: Planetary Resources, Peter Thiel, price stability, profit motive, Ronald Coase, Ronald Reagan, Shenzhen was a fishing village, Silicon Valley, special economic zone, standardized shipping container, stem cell, trade route, UNCLOS, UNCLOS, undersea cable, young professional
, www.footprintnetwork.org/en/index.php/GFN/page/world_footprint. “Moderate UN scenarios suggest that if current population and consumption trends continue, by the 2030s, we will need the equivalent of two Earths to support us.” According to DeltaSync’s plan: K.M. Czapiewska, B. Roeffen, and R.E. de Graaf, “Cyclicity, A New Direction to Protect Deltas and Preserve Marine Ecosystems,” in I. Krueger et al. (ed.), Delta Alliance Young Professionals Award, Innovative Solutions for Delta Challenges Worldwide, Delta Alliance Report number 3, Delta Alliance International, Wageningen-Delft, the Netherlands (2012): 157–175). if humans cultivate less than two-tenths of 1 percent of the ocean: R.E. de Graaf, F. H. M. van de Ven, and N.C. van de Giesen, “Alternative Water Management Options to Reduce Vulnerability for Climate Change in the Netherlands,” Natural Hazards (2007), www.springerlink.com/content/0921-030X.
Lonely Planet Best of Spain by Lonely Planet
augmented reality, bike sharing scheme, centre right, discovery of the americas, Frank Gehry, G4S, Guggenheim Bilbao, haute cuisine, illegal immigration, market design, place-making, trade route, young professional
The economy is making baby steps towards recovery, a new kind of politics is emerging and there is a widespread feeling that the worst may finally be over. Port Vell, Barcelona / ARTUR BOGACKI / SHUTTERSTOCK © Economic Crisis Spain’s economy went into free fall in late 2008. Unemployment, which had dropped as low as 6% as Spain enjoyed 16 consecutive years of growth, rose above 26%, which equated to six million people, with catastrophic youth unemployment rates nudging 60%. Suicide rates were on the rise, Spain’s young professionals fled the country in unprecedented numbers and Oxfam predicted that a staggering 18 million Spaniards – 40% of the population – were at risk of social marginalisation. Finally, in 2014, the tide began to turn. That was the first year in seven in which the country enjoyed a full year of positive economic growth, and unemployment dipped below 25%. That this growth was largely fuelled by the increased spending of Spaniards led many to hope that life was improving for ordinary citizens.
Little Failure: A Memoir by Gary Shteyngart
Yes, my eyes say to nearly every woman who passes, but they only scowl and avert their eyes (No) or smile and look away (No, but thanks for thinking of me). Finally, on a soupy summer day, a young woman walking ahead of me lowers her shorts so that the curve of her posterior is visible. She turns around and flashes a brief, gap-toothed smile. She starts to walk faster. I can barely keep up. There are now several men on her trail, most of them young professionals in suits, all of us silent and needy. Every few blocks, she lowers her shorts a bit more, bringing out little bellows of disbelief from her followers. Suddenly she runs across the street and disappears into a doorway, laughing at us before slamming the door. We look around to discover we are on Avenue D, in the shadow of some fierce-looking projects. This is the farthest I have been from Little Neck, and I am never going back.
Naked City: The Death and Life of Authentic Urban Places by Sharon Zukin
1960s counterculture, big-box store, blue-collar work, corporate social responsibility, crack epidemic, creative destruction, David Brooks, East Village, en.wikipedia.org, Frank Gehry, Guggenheim Bilbao, Haight Ashbury, Jane Jacobs, late capitalism, mass immigration, new economy, New Urbanism, Panopticon Jeremy Bentham, rent control, Richard Florida, rolodex, Ronald Reagan, Silicon Valley, South of Market, San Francisco, the built environment, The Death and Life of Great American Cities, Thorstein Veblen, upwardly mobile, urban decay, urban planning, urban renewal, white flight, working poor, Works Progress Administration, young professional
Your server, a young man with golden honey-toned skin and close-cropped dark hair, looks North African or Middle Eastern, but he tells you he is a free-lance photographer from Latin America who is working on a photo essay on the renovation of a Harlem brownstone for an architecture magazine. It’s easy to imagine you have seen this cosmopolitan brunch crowd featured in the video profiles of housing renovations that float around the Internet and cable TV, such as “Harlem Homecoming” on House and Garden magazine’s television channel: “Young professional couple returns to Harlem to live in a century-old home.”4 Framed by the late actor Ossie Davis’s dignified voice-over narration, this “return to Harlem” features the family of a thirty-something, African American investment banker who was born and raised on Strivers’ Row, a street of nineteenth-century townhouses, now part of a historic landmark district, and educated at the Wharton School of the University of Pennsylvania and Harvard Business School.
This Is London: Life and Death in the World City by Ben Judah
British Empire, deindustrialization, eurozone crisis, high net worth, illegal immigration, mass immigration, multicultural london english, out of africa, period drama, plutocrats, Plutocrats, Skype, white flight, young professional
Those estates, the kids there call them hoods estates, where they only talk about legends like Five Star or Rico Tracy and other street sensations, who had gone wild, or gone down for their crimes. Femi is not interested in any of this. He turns onto Lambert Road. Femi had arrived in London when mostly black people lived on this street. The first piece of advice the old timers gave him was this – never wear a hood, because London is scared of young black men. But this street is changing now. Every time he sees a plastic sign go up outside white people move in. They are young professionals. They wear suits. And Femi will see them sometimes and pang inside that he wants to be like them. But it hurts him to walk past these people at night. ‘Sometimes when they see me coming . . . and it is the night time. They see a black man coming . . . I see the boys they put their arms on their girlfriends, to protect them in case this black man in a hood approaches them. And I see the girls who are crossing the road . . . to be away from this man, and I see the girls who are a little bit braver . . . how they are walking past me, and the way they walk is frightened of me . . . because I am a black person and this is the night in Brixton.’
High Steel: The Daring Men Who Built the World's Greatest Skyline by Jim Rasenberger
While the men discussed their respective chances of getting lucky, Christmas lights flickered in the window and on the wall behind the bar, over a glittering array of bottles. John the bartender cracked open beers five or six at a time. Down near the jukebox the free buffet steamed in stainless steel troughs, and several ironworkers grazed over the buffalo wings and baked ziti. The place was crowded, and the beer and the food cast a warm glow over the men. In another hour or so, the young professionals of the Upper West Side would start to arrive and there would be an awkward overlap of clientele—the pivotal half hour or so when John had to be on his toes to break anything up before it started. For the moment, though, the bar belonged to the 30 or so ironworkers who were there, and the atmosphere was convivial but subdued. Johnny Diabo and his connecting partner, Paul “Punchy” Jacobs, were sitting at a table together, and so were Matt and Jerry, talking about what ironworkers always talk about at bars: ironwork.
The Prodigal Tongue: The Love-Hate Relationship Between American and British English by Lynne Murphy
airport security, British Empire, cognitive bias, cognitive dissonance, Downton Abbey, en.wikipedia.org, illegal immigration, invention of the printing press, joint-stock company, moral panic, pre–internet, Saturday Night Live, Silicon Valley, smart cities, Steven Pinker, too big to fail, transatlantic slave trade, young professional
This may be changing since the economic crisis of 2008, but in the 20th century, Americans were mostly one big middle class. The British, on the other hand, talk about the middle classes (plural) about five times more than Americans do. While the singular middle class brings people together, the plural divides them: lower, middle, and upper middle classes and further variations on and divisions within those. A 2013 UK survey identified the established middle class, the new affluent workers (young professionals who fit middle-class social stereotypes), and the technical middle class (as in: technically, they have enough financial security to be middle class, but they don’t meet the middle-class stereotypes).20 In practice, the “technical middle class” are the least likely to be referred to as middle class in Britain. Middle class isn’t really about financial security. (Even upper class indicates family position more than actual wealth.)
On the Road: Adventures From Nixon to Trump by James Naughtie
Affordable Care Act / Obamacare, Alistair Cooke, anti-communist, Ayatollah Khomeini, Berlin Wall, Bernie Sanders, centre right, collapse of Lehman Brothers, Donald Trump, Ferguson, Missouri, Haight Ashbury, illegal immigration, immigration reform, Julian Assange, Mikhail Gorbachev, Norman Mailer, obamacare, plutocrats, Plutocrats, post-work, Ronald Reagan, Ronald Reagan: Tear down this wall, South China Sea, trickle-down economics, white flight, WikiLeaks, Yom Kippur War, young professional, zero-sum game
He played a similar role to Clinton’s own in 2008, when she refused to concede the nomination to Obama until the end. In his left-leaning populism he demonstrated a different version of the Trump movement, which understood exactly where to pitch its appeal to those who felt themselves to be outsiders in contemporary America. The difference with Sanders was that his strongest appeal was to students and young professionals who felt that their promise wasn’t being fulfilled. They, rather than older, disgruntled blue-collar workers, were his vanguard. At the party after his New Hampshire victory it was striking to realise that a majority of his campaign team guzzling their celebratory beers hadn’t been born when Bill Clinton became president. Despite Sanders’ own age – we called him the Rip Van Winkle of Vermont – you could see why they found it easy to think of Hillary Clinton as a figure from the past.
Men Who Hate Women: From Incels to Pickup Artists, the Truth About Extreme Misogyny and How It Affects Us All by Laura Bates
4chan, Ada Lovelace, Boris Johnson, cognitive dissonance, coherent worldview, Dominic Cummings, Donald Trump, feminist movement, Filter Bubble, gender pay gap, glass ceiling, Grace Hopper, job satisfaction, Kickstarter, off grid, recommendation engine, ride hailing / ride sharing, Snapchat, young professional
At the time, multiple victims tried to report the existence of the group, and the severity of the harassment, both to the media and to the employers of those involved, with no success. In 2019, after a newspaper published an article about the group, stories began to pour out about similar private networking groups on services like WhatsApp, which were being used to circulate sexist and homophobic messages. The episode showcased the extent to which the tactics of online trolls might be adopted by internet-savvy young professionals in situations vastly different from what we might think of as typical troll territory. Meanwhile, the complexity of internet anonymity, the importance of freedom of speech, the international nature of the troll population, and the trolls’ technical skills at masking their locations and identities have all contributed to the fact that the problem is widely considered near-unsolvable. This is convenient for tech companies and web platforms, many of which have simply admitted defeat or adopted a shoulder-shrugging ‘what can we do?’
Head, Hand, Heart: Why Intelligence Is Over-Rewarded, Manual Workers Matter, and Caregivers Deserve More Respect by David Goodhart
active measures, Airbnb, Albert Einstein, assortative mating, basic income, Berlin Wall, Bernie Sanders, big-box store, Boris Johnson, Branko Milanovic, British Empire, call centre, Cass Sunstein, central bank independence, centre right, computer age, corporate social responsibility, COVID-19, Covid-19, David Attenborough, David Brooks, deglobalization, deindustrialization, delayed gratification, desegregation, deskilling, different worldview, Donald Trump, Elon Musk, Etonian, Fall of the Berlin Wall, Flynn Effect, Frederick Winslow Taylor, future of work, gender pay gap, gig economy, glass ceiling, illegal immigration, income inequality, James Hargreaves, James Watt: steam engine, Jeff Bezos, job automation, job satisfaction, John Maynard Keynes: Economic Possibilities for our Grandchildren, knowledge economy, knowledge worker, labour market flexibility, longitudinal study, low skilled workers, Mark Zuckerberg, mass immigration, new economy, Nicholas Carr, oil shock, pattern recognition, Peter Thiel, pink-collar, post-industrial society, post-materialism, postindustrial economy, precariat, reshoring, Richard Florida, Scientific racism, Skype, social intelligence, spinning jenny, Steven Pinker, superintelligent machines, The Bell Curve by Richard Herrnstein and Charles Murray, The Rise and Fall of American Growth, Thorstein Veblen, twin studies, Tyler Cowen: Great Stagnation, universal basic income, upwardly mobile, wages for housework, winner-take-all economy, women in the workforce, young professional
And still a way out of the working class for men is the skilled physicality of becoming a sportsman, and for women it is beauty: the working-class schoolgirl spotted by the modeling agency or entering the world of stylists, high-end hairdressers, Instagram influencers, and so on. In fact, human leisure, recreation, and ritual are almost all Hand and Heart based, though with significant aspects of Head too. Artisanal skills are also being rediscovered in some corners of the economy, especially in food and drink production, often by affluent young professionals. Indeed, a shift away from Head and toward Hand and Heart seems to be programmed into many of the biggest social and economic trends: in the knowledge economy’s declining appetite for all but the most able knowledge workers; the growing concern for place and environmental protection, including more labor-intensive organic farming; and the inevitable expansion of care functions of various kinds in an aging society.
Ireland (Lonely Planet, 9th Edition) by Fionn Davenport
air freight, Berlin Wall, Bob Geldof, British Empire, carbon footprint, Celtic Tiger, centre right, credit crunch, glass ceiling, global village, haute cuisine, Intergovernmental Panel on Climate Change (IPCC), Jacquard loom, Kickstarter, McMansion, new economy, period drama, reserve currency, risk/return, sustainable-tourism, urban planning, urban renewal, urban sprawl, young professional
Globe (Map; 671 1220; 11 South Great George’s St) The granddaddy of the city’s hipster bars, the Globe has held on to its groover status by virtue of tradition and the fact that the formula is brilliantly simple: wooden floors, plain brick walls and a no-attitude atmosphere that you just can’t fake. Hogan’s (Map; 677 5904; 35 South Great George’s St) Hogan’s is a gigantic boozer spread across two floors. A popular hang-out for young professionals, it gets very full at the weekend with folks eager to take advantage of its late licence. Porterhouse (Map; 679 8847; 16-18 Parliament St) Dublin’s first microbrewery is our favourite Temple Bar watering hole. Especially popular with foreign residents and visitors, the Porterhouse sells only its own stouts and beers – and they’re all excellent. SamSara (Map; 671 7723; 35-36 Dawson St) This huge, Middle Eastern–themed drinking emporium packs young office types and pre-clubbers in at weekends, when the bar runs late.
Sample from a huge wine list in an airy and woodsy room while enjoying many of the best items from below (open 2pm to 9pm Tuesday to Friday, noon to 8pm Saturday). Return to beginning of chapter DRINKING Galway’s nickname of the City of Tribes sums up its drinking and entertainment scene. For its size the city has surprisingly distinct areas where you’ll encounter different crowds: Eyre Sq and its surrounds tends to be the domain of retail and office workers and tourists; the main shopping strip draws hip young professionals; the Woodquay area, near Salmon Weir Bridge, is where salt-of-the-earth rural folk congregate when in town; and the West Side attracts creative types and musicians. Wherever you go, you’ll enjoy pubs that are a cut above the norm. The website Galway City Pub Guide (www.galwaycitypubguide.com) is a good resource. Most of Galway’s pubs see musicians performing at least a couple of nights a week, whether in an informal session or as a headline act, and many swing to live music every night.
Return to beginning of chapter EASTERN DONEGAL LETTERKENNY pop 17,586 You’d swear the Celtic Tiger was still prowling the traffic-snarled streets of Letterkenny (Leitir Ceanainn). Donegal’s largest town continues to grow rapidly and is tracking towards city status. Huge new retail parks have recently opened on the town’s fringe, and the traditional town centre is enjoying a cultural upswing with its theatre, pubs, clubs and stylish eateries all buzzing with students and young professionals. Tourist attractions in the town itself, however, are few. Most passers-through will be on their way to Donegal’s more alluring corners, but the town makes a central base for discovering the county’s eastern and northern reaches. Visitors using public transport are likely to stop here for at least a short period. Orientation Main St, said to be the longest high street in Ireland, divides into Upper and Lower Main Sts.
Why Do I Love These People?: Understanding, Surviving, and Creating Your Own Family by Po Bronson
They like it. Only a small part of the world values independence: the United States, England, and the Nordic countries. And the extent of the difference is dramatic. In Denmark 75 percent of young people will leave home by the age of twenty-five. That's ten times the percentage of Italians. America stands out as the land of individualism, as one huge ice-cold Standing House. Its cities are full of young professionals whose identity is defined far more by their job than by the family they rarely see. Andy's life embodies this trade-off. His kids are all independently successful, but they're not around. For a long time I tried to see the tragedy in it, envisioning Andy as an isolated King Lear, but his personality is too sunny for the part. He loves all his children, and he has a relationship with each of them.
Naked Economics: Undressing the Dismal Science (Fully Revised and Updated) by Charles Wheelan
"Robert Solow", affirmative action, Albert Einstein, Andrei Shleifer, barriers to entry, Berlin Wall, Bernie Madoff, Bretton Woods, business cycle, buy and hold, capital controls, Cass Sunstein, central bank independence, clean water, collapse of Lehman Brothers, congestion charging, creative destruction, Credit Default Swap, crony capitalism, currency manipulation / currency intervention, Daniel Kahneman / Amos Tversky, David Brooks, demographic transition, diversified portfolio, Doha Development Round, Exxon Valdez, financial innovation, fixed income, floating exchange rates, George Akerlof, Gini coefficient, Gordon Gekko, greed is good, happiness index / gross national happiness, Hernando de Soto, income inequality, index fund, interest rate swap, invisible hand, job automation, John Markoff, Joseph Schumpeter, Kenneth Rogoff, libertarian paternalism, low skilled workers, Malacca Straits, market bubble, microcredit, money market fund, money: store of value / unit of account / medium of exchange, Network effects, new economy, open economy, presumed consent, price discrimination, price stability, principal–agent problem, profit maximization, profit motive, purchasing power parity, race to the bottom, RAND corporation, random walk, rent control, Richard Thaler, rising living standards, Robert Gordon, Robert Shiller, Robert Shiller, Ronald Coase, Ronald Reagan, Sam Peltzman, school vouchers, Silicon Valley, Silicon Valley startup, South China Sea, Steve Jobs, The Market for Lemons, the rule of 72, The Wealth of Nations by Adam Smith, Thomas L Friedman, Thomas Malthus, transaction costs, transcontinental railway, trickle-down economics, urban sprawl, Washington Consensus, Yogi Berra, young professional, zero-sum game
This is the pie-slicing question. In 2000, I was assigned by The Economist to write a story on poverty in America. With the economy still booming, I sought some way to express the striking dichotomy between America’s rich and poor. I found it right outside the front door of my office building: A stroll down Wacker Drive, in Chicago, offers an instant snapshot of America’s surging economy. Young professionals stride along, barking orders into mobile phones. Shoppers stream towards the smart shops on Michigan Avenue. Construction cranes tower over a massive new luxury condominium building going up on the horizon. All is bustle, glitter and boom. But there is a less glamorous side to Wacker Drive, literally below the surface. Lower Wacker is the subterranean service road that runs directly beneath its sophisticated sister, allowing delivery trucks to make their way through the bowels of the city.
It's Our Turn to Eat by Michela Wrong
Berlin Wall, Bob Geldof, Bretton Woods, British Empire, clean water, colonial rule, Doha Development Round, failed state, Fall of the Berlin Wall, financial independence, Kibera, Mahatma Gandhi, Mikhail Gorbachev, Nelson Mandela, oil shock, out of africa, profit motive, Ronald Reagan, structural adjustment programs, upwardly mobile, young professional, zero-sum game, éminence grise
No street corner was now complete without a new apartment block in the local blue-grey Nairobi stone, and at the end of many of those streets the traditional two-storey shopping centre, with rows of small metal-grilled Asian shops, was dwarfed by a giant plaza offering seven-day shopping, twenty-four-hour service, beauty parlour, cinema, ATM banking, internet access and a branch of the Java café chain, the venue of choice for the city's latte-drinking, BlackBerry-wielding, laptop-addicted young professionals. You could measure prosperity levels in a new phenomenon: the Nairobi traffic jam. Once an exclusively rush-hour feature, it now seemed to last all day. Why, these days Nairobi even boasted an ice-rink – one of only three in Africa – where squealing Kenyan boys and girls tottered across the ice and thumped against the wooden barriers. If Kibaki's government wasn't much good at delivering roads or affordable housing, it showed an impressive enthusiasm for the kind of purely cosmetic makeover calculated to warm the heart of the most pursed-lipped of bourgeois housewives.
The New Digital Age: Transforming Nations, Businesses, and Our Lives by Eric Schmidt, Jared Cohen
access to a mobile phone, additive manufacturing, airport security, Amazon Mechanical Turk, Amazon Web Services, anti-communist, augmented reality, Ayatollah Khomeini, barriers to entry, bitcoin, borderless world, call centre, Chelsea Manning, citizen journalism, clean water, cloud computing, crowdsourcing, data acquisition, Dean Kamen, drone strike, Elon Musk, failed state, fear of failure, Filter Bubble, Google Earth, Google Glasses, hive mind, income inequality, information trail, invention of the printing press, job automation, John Markoff, Julian Assange, Khan Academy, Kickstarter, knowledge economy, Law of Accelerating Returns, market fundamentalism, means of production, MITM: man-in-the-middle, mobile money, mutually assured destruction, Naomi Klein, Nelson Mandela, offshore financial centre, Parag Khanna, peer-to-peer, peer-to-peer lending, personalized medicine, Peter Singer: altruism, Ray Kurzweil, RFID, Robert Bork, self-driving car, sentiment analysis, Silicon Valley, Skype, Snapchat, social graph, speech recognition, Steve Jobs, Steven Pinker, Stewart Brand, Stuxnet, The Wisdom of Crowds, upwardly mobile, Whole Earth Catalog, WikiLeaks, young professional, zero day
They’ll depict the large institutional actors as lumbering, inefficient and out of touch, with high overheads, large staffs and impersonal qualities, promising instead to bring donors much closer to the recipients of aid by cutting out the middlemen. For new potential donors looking to contribute, this promise of directness will be a particularly attractive selling point since connectivity ensures that many of them will feel personally involved in the crisis already. The concerned and altruistic young professional in Seattle with a few dollars to spare will not just “witness” every future disaster but will also be bombarded with ways to help. His inbox, Twitter feed, Facebook profile and search results will be clogged. He’ll be overwhelmed but he will comb through the options and attempt to make a fast but serious judgment call based on what he sees—which group has the best-looking website, the most robust social-media presence, the highest-profile supporters.
Bullshit Jobs: A Theory by David Graeber
1960s counterculture, active measures, basic income, Berlin Wall, Bernie Sanders, Bertrand Russell: In Praise of Idleness, Bretton Woods, Buckminster Fuller, call centre, cognitive dissonance, collateralized debt obligation, David Graeber, Donald Trump, equal pay for equal work, full employment, global supply chain, High speed trading, hiring and firing, informal economy, Jarndyce and Jarndyce, Jarndyce and Jarndyce, job automation, John Maynard Keynes: technological unemployment, knowledge worker, moral panic, post-work, precariat, Silicon Valley, Silicon Valley startup, single-payer health, software as a service, telemarketer, The Future of Employment, Thorstein Veblen, too big to fail, Travis Kalanick, universal basic income, unpaid internship, wage slave, wages for housework, women in the workforce, working poor, Works Progress Administration, young professional, éminence grise
They all told one another what a terrific job they were doing and what a disaster it would be for everyone else if they weren’t there as part of the team—but only, Dan felt, as a way of consoling one another in the secret knowledge they were hardly doing anything, that their work was of no social value, and that if they weren’t there, it would make no difference. It was even worse outside the office, where he began to be treated as the member of his family who had really made something of his life. “It’s honestly hard to describe how mad and useless I felt. I was being taken seriously as a ‘young professional’—but did any of them know what it was I really did?” Eventually Dan quit to become a science teacher in a Cree Indian community in northern Quebec. • • • It doesn’t help that higher-ups in such situations will regularly insist that perceptions of futility are self-evidently absurd. It doesn’t always happen. Some managers, as we’ve seen, will basically wink and smile; a precious few might honestly discuss at least part of what’s going on.
The Firm by Duff McDonald
"Robert Solow", Asian financial crisis, borderless world, collective bargaining, commoditize, conceptual framework, corporate governance, creative destruction, credit crunch, family office, financial independence, Frederick Winslow Taylor, income inequality, invisible hand, Jeff Bezos, Joseph Schumpeter, Kickstarter, laissez-faire capitalism, Mahatma Gandhi, Nelson Mandela, new economy, pets.com, Ponzi scheme, Ralph Nader, risk tolerance, risk-adjusted returns, shareholder value, Silicon Valley, Steve Jobs, supply-chain management, The Nature of the Firm, young professional
One estimate in 1993 had McKinsey directors earning $2 million a year22 in salary and bonuses, and another pegged Gluck’s take-home at $3.5 million.23 Even the youngsters were raking it in: Associates made more than $100,000 a year and principals made $250,000. A few years before he retired—in 1995—Marvin Bower told Jon Katzenbach that he was concerned about encroaching greed in the consulting industry. If it became all about the paycheck, he told Katzenbach, it wasn’t going to work anymore. “Do our young professionals really need a lot of money? If we allow money to become the primary source of motivation for our people, greed will override our values. A great professional firm cannot allow greed to take hold,” he told the younger consultant.24 It was the kind of success that allowed for team-building exercises that strain the imagination. When former senior partner George Feiger was put in charge of the professional portion of a partners conference in 1995 in Portugal, he split the assembled partners (and their spouses) into three groups and made each of them perform an opera.
Lonely Planet Amsterdam by Lonely Planet
Inside it also gets rammed; the leather-upholstered wall panels, modular seats and hardwood floors put a 21st-century twist on classic brown cafe decor. Top-notch bar food, too. Golden Brown BarBAR ( MAP GOOGLE MAP ; www.goldenbrownbar.nl; Jan Pieter Heijestraat 146; h11am-1am Mon-Thu, to 3am Fri & Sat; W; j1 Jan Pieter Heijestraat) This perennially hip, two-level bar with painted brickwork and cool colour palette attracts a young professional crowd that spills out onto the pavement. In winter, the cream-and-brown interior with its mod woodwork and neon-pink-lit bar offers a stylish respite from the chill, especially if you snag a seat on the faux-velvet couch. WellingBROWN CAFE ( MAP GOOGLE MAP ; www.cafewelling.nl; Jan Willem Brouwersstraat 32; h4pm-1am Mon-Fri, 3pm-1am Sat & Sun; j3/5/12/16/24 Museumplein) Tucked away behind the Concertgebouw (Concert Hall), this wood-panelled lovely is a relaxed spot to sip a frothy, cold biertje (glass of beer) and mingle with intellectuals and artists.
Multicultural Cities: Toronto, New York, and Los Angeles by Mohammed Abdul Qadeer
affirmative action, business cycle, call centre, David Brooks, deindustrialization, desegregation, edge city, en.wikipedia.org, Frank Gehry, game design, ghettoisation, global village, immigration reform, industrial cluster, Jane Jacobs, knowledge economy, market bubble, McMansion, new economy, New Urbanism, place-making, Richard Florida, risk tolerance, Silicon Valley, Skype, telemarketer, the built environment, The Chicago School, The Death and Life of Great American Cities, the scientific method, urban planning, urban renewal, working-age population, young professional
Restaurants, banquet halls, jewellery and gold shops, as well as apparel and household goods stores clustered in strip malls of ethnic identities line the main roads of these towns. Ethnic businesses have also made inroads into the mainstream economy. The Chinese have a niche in computer hardware. Italians and South Asians dominate construction. In the city of Toronto, financial, real estate, educational, and health services have been dominated by native-born of European ancestry and Jews, but now young professionals of Asian backgrounds are making inroads into these professions, forming informal networks and nationality-based professional organizations. Filipino nurses and nannies are an economic niche by themselves. Almost all major ethnic groups now have evolved networks of ethnic businesses and professionals large enough to merit their respective business directories and run commercials on multicultural TV and radio channels, pushing their advantage as those who speak “your” language.
The Job: The Future of Work in the Modern Era by Ellen Ruppel Shell
3D printing, affirmative action, Affordable Care Act / Obamacare, Airbnb, airport security, Albert Einstein, Amazon Mechanical Turk, basic income, Baxter: Rethink Robotics, big-box store, blue-collar work, Buckminster Fuller, call centre, Capital in the Twenty-First Century by Thomas Piketty, Clayton Christensen, cloud computing, collective bargaining, computer vision, corporate governance, corporate social responsibility, creative destruction, crowdsourcing, deskilling, disruptive innovation, Donald Trump, Downton Abbey, Elon Musk, Erik Brynjolfsson, factory automation, follow your passion, Frederick Winslow Taylor, future of work, game design, glass ceiling, hiring and firing, immigration reform, income inequality, industrial robot, invisible hand, Jeff Bezos, job automation, job satisfaction, John Markoff, John Maynard Keynes: Economic Possibilities for our Grandchildren, Joseph Schumpeter, Kickstarter, knowledge economy, knowledge worker, Kodak vs Instagram, labor-force participation, low skilled workers, Lyft, manufacturing employment, Marc Andreessen, Mark Zuckerberg, means of production, move fast and break things, move fast and break things, new economy, Norbert Wiener, obamacare, offshore financial centre, Paul Samuelson, precariat, Ralph Waldo Emerson, risk tolerance, Robert Gordon, Robert Shiller, Robert Shiller, Rodney Brooks, Ronald Reagan, Second Machine Age, self-driving car, shareholder value, sharing economy, Silicon Valley, Snapchat, Steve Jobs, The Chicago School, Thomas L Friedman, Thorstein Veblen, Tim Cook: Apple, Uber and Lyft, uber lyft, universal basic income, urban renewal, white picket fence, working poor, Y Combinator, young professional, zero-sum game
This leads to polarization, with high-paid newcomers luxuriating at the top and onetime blue-collar workers stranded in low-wage service work. Essentially, the working class becomes the servant class to the “better educated” or “more talented.” For example, on a visit to Detroit, it was impossible not to notice that Quicken Loans, the nation’s largest mortgage vendor, had all but taken over the city’s financial district. The company’s thousands of young professional employees, many if not most of them from outside the Detroit area, had swamped the real estate market, raising rents and forcing locals out. Avoiding this problem requires completely rethinking development strategies to build on the skills and strengths embedded in local and regional culture. Berea mayor Steven Connelly is a vocal advocate of this ground-up strategy. An attorney by trade, Connelly was born and raised in Berea, his parents having met at the college.
The Investment Checklist: The Art of In-Depth Research by Michael Shearn
Asian financial crisis, barriers to entry, business cycle, call centre, Clayton Christensen, collective bargaining, commoditize, compound rate of return, Credit Default Swap, estate planning, intangible asset, Jeff Bezos, London Interbank Offered Rate, margin call, Mark Zuckerberg, money market fund, Network effects, pink-collar, risk tolerance, shareholder value, six sigma, Skype, Steve Jobs, supply-chain management, technology bubble, time value of money, transaction costs, urban planning, women in the workforce, young professional
Today, his firm is investing in innovative businesses that are addressing the biggest challenges on the horizon, such as battery-powered transportation and alternative energy. Other examples of secular growth trends include: The shift in advertising dollars from traditional media (such as cable TV) to online channels has helped fuel the growth of Internet search business Google. An increasing number of young professionals are deferring having children and instead purchasing pets, which benefits businesses that sell products for animals, such as pet store retailers PetSmart and PETCO. More than ever, people need a college degree to get good jobs. This has benefited for-profit education providers, such as Strayer Education and Apollo Group. You need to identify and measure the secular growth trends that potentially support the growth of the business in which you are considering investing.
From the Ruins of Empire: The Intellectuals Who Remade Asia by Pankaj Mishra
anti-communist, Ayatollah Khomeini, British Empire, colonial exploitation, colonial rule, Deng Xiaoping, European colonialism, financial innovation, invention of the telegraph, joint-stock company, Khartoum Gordon, land reform, Mahatma Gandhi, Monroe Doctrine, New Urbanism, plutocrats, Plutocrats, profit motive, Scramble for Africa, the scientific method, upwardly mobile, urban planning, Washington Consensus, young professional
Furthermore Abduh, who, appointed Grand Mufti by the British occupiers of Egypt, went on to develop his own rationalist and flexibly contemporary interpretation of the Koran, had many Westernized disciples who went on to serve in important political and administrative positions in Egypt. The most famous of them, Saad Zaghlul, also a follower of al-Afghani, led the mass nationalist movement against the British after the First World War under the banner of ‘Wafd’, a broad-based coalition of young professionals and the working class. The idea that Islam offered a solid basis for anti-Western solidarity was developed further by such Turkish cultural nationalists as the poet Ziya Gökalp (1876 – 1924), who, though a secularist himself, famously wrote, ‘The minarets are our bayonets, the domes our helmets, the mosques our barracks and the faithful our army.’ Another set of al-Afghani’s and Abduh’s followers, however, became proponents of a puritanical movement called Salafism, which spread across the Muslim world as far as Malaysia and Java; they are also part of al-Afghani’s mixed legacy.
Extreme Economies: Survival, Failure, Future – Lessons From the World’s Limits by Richard Davies
agricultural Revolution, air freight, Anton Chekhov, artificial general intelligence, autonomous vehicles, barriers to entry, big-box store, cashless society, clean water, complexity theory, deindustrialization, eurozone crisis, failed state, financial innovation, illegal immigration, income inequality, informal economy, James Hargreaves, job automation, John Maynard Keynes: Economic Possibilities for our Grandchildren, John Maynard Keynes: technological unemployment, joint-stock company, large denomination, Livingstone, I presume, Malacca Straits, mandatory minimum, manufacturing employment, means of production, megacity, meta analysis, meta-analysis, new economy, off grid, oil shale / tar sands, pension reform, profit motive, randomized controlled trial, school choice, school vouchers, Scramble for Africa, side project, Silicon Valley, Simon Kuznets, Skype, spinning jenny, The Chicago School, the payments system, trade route, Travis Kalanick, uranium enrichment, urban planning, wealth creators, white picket fence, working-age population, Y Combinator, young professional
Khaled’s gaze flicks from side to side as he scans the horizon, looking for danger or opportunity. He needs to be alert. As the kingpin of a syndicate of renegade traders he leads a precarious existence. If caught, Khaled and his gang could be expelled from Jordan and sent north to face the war in Syria. His risky life brings its rewards. At the end of each day Khaled takes home 20 dinars (around $28, or £22). It is roughly double what a young professional – a 30-year-old engineer, say – can expect to make in Amman, the Jordanian capital. It is lucrative because it is illegal: his team are smugglers, and their contraband consists of food, cigarettes, electronic equipment and medical supplies. The borders he navigates are those of Zaatari, the world’s fastest-growing refugee camp. Khaled is 15 years old. The smuggling game is new to him. Until 2013 Khaled lived in a town called Dael, in southern Syria.
State of Emergency: The Way We Were by Dominic Sandbrook
anti-communist, back-to-the-land, banking crisis, Bretton Woods, British Empire, centre right, collective bargaining, Corn Laws, David Attenborough, Doomsday Book, edge city, estate planning, Etonian, falling living standards, fear of failure, Fellow of the Royal Society, feminist movement, financial thriller, first-past-the-post, fixed income, full employment, German hyperinflation, global pandemic, mass immigration, moral panic, Neil Kinnock, new economy, New Urbanism, Norman Mailer, North Sea oil, oil shock, Own Your Own Home, sexual politics, traveling salesman, union organizing, upwardly mobile, urban planning, Winter of Discontent, young professional
The Sun even had a dedicated department of female journalists nicknamed the ‘Pacesetters’ who were given their own section, called ‘the pages for women that men can’t resist’ – although in practice their stories tended to be even more skewed towards sex than the rest of the paper.28 And then, of course, there was Cosmopolitan. Launched in 1972 as an offshoot of the American original, this was a woman’s magazine with a difference, aimed not at the housewives who had traditionally made up the women’s market, but at upwardly mobile, ambitious young professionals. Its ideal reader was ‘lively, sensual, fun, adventurous … honest with herself’, or so the adverts claimed. Its first editor, Joyce Hopkirk, made no secret of the fact that sex and men were central to her strategy: as one early reader put it, the first issue read as ‘a guide to getting, keeping (and if necessary getting rid of) your man’. ‘How To Turn a Man On When He’s Having Problems in Bed’, read the headline on the first cover, although other items (‘Michael Parkinson Talks About His Vasectomy’) were rather less enticing.
Only a handful of pioneering Brook Advisory Centres – mocked at the time as ‘teenage sex clinics’ – handed out the Pill to young single women, while the much bigger Family Planning Association network catered for married couples only. By the end of the decade, therefore, Geoffrey Gorer found that only 4 per cent of single women were taking the Pill, while fewer than one in five young married couples used it – typically, affluent young professionals, because at that time the Pill was the only drug for which doctors were allowed to charge a fee. In other words, although the advent of the Pill is often seen as both a symbol and an instigator of sexual liberalization, the early story of the Pill is a much better reflection of the sheer conservatism of moral attitudes. It was only in 1968, after all, that the Family Planning Association grudgingly allowed some of its branches to give contraception to unmarried women.
Northern California Travel Guide by Lonely Planet
Airbnb, Apple II, Asilomar, back-to-the-land, Bay Area Rapid Transit, big-box store, Burning Man, buy and hold, California gold rush, call centre, car-free, carbon footprint, clean water, dark matter, Donald Trump, Donner party, East Village, El Camino Real, Electric Kool-Aid Acid Test, Frank Gehry, friendly fire, glass ceiling, Golden Gate Park, Google bus, Haight Ashbury, haute couture, haute cuisine, housing crisis, Joan Didion, Kickstarter, Loma Prieta earthquake, Lyft, Mahatma Gandhi, Mark Zuckerberg, Mason jar, McMansion, means of production, Port of Oakland, ride hailing / ride sharing, Ronald Reagan, Silicon Valley, Silicon Valley startup, South of Market, San Francisco, stealth mode startup, stem cell, Steve Jobs, Steve Wozniak, Stewart Brand, the built environment, trade route, transcontinental railway, uber lyft, Upton Sinclair, urban sprawl, white picket fence, Whole Earth Catalog, women in the workforce, working poor, Works Progress Administration, young professional
Wildcard Brewing Company ( MAP GOOGLE MAP ; %530-255-8582; www.wildcardbrewingco.com; 1321 Butte St; h2-9pm Sun-Thu, to 10pm Fri & Sat) is the happy in-betweener with a little of everything and a convivial downtown location. 6Drinking & Entertainment Café at Turtle BayCAFE ( MAP GOOGLE MAP ; 844 Arboretum Dr; coffee from $1.50; h8:30am-5pm Mon-Sat, from 9:30am Sun) Cafe in the Turtle Bay Museum Store serving hot and cold drinks and light snacks. Alehouse PubPUB ( GOOGLE MAP ; %530-221-7990; www.reddingalehouse.com; 2181 Hilltop Dr; h3pm-midnight Mon-Thu, to 1:30am Fri & Sat, 11am-5pm Sun) Too bad for fans of the cheap stuff, this local pub keeps a selection of highly hopped beers on tap and sells T-shirts emblazoned with ‘No Crap on Tap.’ It’s a fun local place that gets packed after Redding’s young professionals get out of work. Cascade TheatreLIVE MUSIC ( MAP GOOGLE MAP ; %530-243-8877; www.cascadetheatre.org; 1733 Market St) Try to catch some live music downtown at this refurbished 1935 art deco theater. Usually it hosts second-tier national acts, but if nothing else, take a peek inside; this is a neon-lit gem. 8Information California Welcome Center ( GOOGLE MAP ; %530-365-1180; www.shastacascade.org; 1699 Hwy 273, Anderson; h9am-6pm Mon-Sat, from 10am Sun) About 10 miles south of Redding, in Anderson’s Prime Outlets Mall.
Personal space is nil in this rowdy dive. Start here before touring the four-block radius of gay bars and clubs that locals call ‘Lavender Heights.’ 58 Degrees and Holding CoWINE BAR ( MAP GOOGLE MAP ; www.58degrees.com; 1217 18th St; h11am-10pm Mon, Wed & Thu, to 11pm Fri & Sat, to 9pm Sun) A wide selection of California and European reds and a refined bistro menu make this a favorite for young professionals on the prowl. Old Tavern Bar & GrillPUB ( MAP GOOGLE MAP ; 1510 20th St; h6pm-2am) This friendly dive stands out from Sac’s many workaday joints with its huge beer selection, tall pours and 1980s-loaded jukebox. SACTOWN BEER HEAVEN In the past few years, Sacramento has developed one of California's best craft beer scenes. A number of excellent breweries is clustered on the Grid, and some of the most promising newer spots are just a bit further afield.
Triumph of the City: How Our Greatest Invention Makes Us Richer, Smarter, Greener, Healthier, and Happier by Edward L. Glaeser
affirmative action, Andrei Shleifer, Berlin Wall, British Empire, Broken windows theory, carbon footprint, Celebration, Florida, clean water, congestion charging, declining real wages, desegregation, different worldview, diversified portfolio, Edward Glaeser, endowment effect, European colonialism, financial innovation, Frank Gehry, global village, Guggenheim Bilbao, haute cuisine, Home mortgage interest deduction, James Watt: steam engine, Jane Jacobs, job-hopping, John Snow's cholera map, Mahatma Gandhi, McMansion, megacity, mortgage debt, mortgage tax deduction, New Urbanism, place-making, Ponzi scheme, Potemkin village, Ralph Waldo Emerson, rent control, RFID, Richard Florida, Rosa Parks, school vouchers, Seaside, Florida, Silicon Valley, Skype, smart cities, Steven Pinker, strikebreaker, Thales and the olive presses, the built environment, The Death and Life of Great American Cities, the new new thing, The Wealth of Nations by Adam Smith, trade route, transatlantic slave trade, upwardly mobile, urban planning, urban renewal, urban sprawl, William Shockley: the traitorous eight, Works Progress Administration, young professional
He noted that “racing men” believe that “the value of a pace,” or competitor, shaves twenty to thirty seconds off the time of a mile. To rigorously test the value of human proximity, he got forty children to compete at spinning fishing reels to pull a cable. In all cases, the kids were supposed to go as fast as they could, but most of them, especially the slower ones, were much quicker when they were paired with another child. Modern statistical evidence finds that young professionals today work longer hours if they live in a metropolitan area with plenty of competitors in their own occupational niche. Supermarket checkouts provide a particularly striking example of the power of proximity. As anyone who has been to a grocery store knows, checkout clerks differ wildly in their speed and competence. In one major chain, clerks with differing abilities are more or less randomly shuffled across shifts, which enabled two economists to look at the impact of productive peers.
What Should I Do With My Life? by Po Bronson
back-to-the-land, Berlin Wall, clean water, double entry bookkeeping, Exxon Valdez, financial independence, high net worth, job satisfaction, Menlo Park, microcredit, new economy, Shoshana Zuboff, Silicon Valley, South of Market, San Francisco, special economic zone, Stanford marshmallow experiment, telemarketer, traffic fines, young professional
Well, I eventually learned to work with the material at hand. I’ll tell one story for now. Everyone has a “My job was soooo bad . . .” story. Here’s mine. It was my first job out of college. I slipped into a navy wool suit and rode the bus downtown every morning, saluted the chipper security guard, rode up to the twenty-second floor, strolled past the window offices, and eventually took my seat in the back row in a gray windowless room of twelve young professionals my age. My employer was a litigation consulting firm—supposedly a blend of the best of law and the best of management consulting. I’d fought for an interview, and fought harder to get hired. It was the perfect setup job for law school or business school. That wasn’t my plan (I don’t think I had a plan), but it suggests the high reputation this firm had. The image was not the reality. Our client was a large utility, which was suing the State of California for reimbursement of the $5 billion it spent building two nuclear reactors in San Luis Obispo.
The Science of Fear: How the Culture of Fear Manipulates Your Brain by Daniel Gardner
Atul Gawande, availability heuristic, Black Swan, Cass Sunstein, citizen journalism, cognitive bias, cognitive dissonance, Columbine, correlation does not imply causation, Daniel Kahneman / Amos Tversky, David Brooks, Doomsday Clock, feminist movement, haute couture, hindsight bias, illegal immigration, Intergovernmental Panel on Climate Change (IPCC), lateral thinking, mandatory minimum, medical residency, Mikhail Gorbachev, millennium bug, moral panic, mutually assured destruction, nuclear winter, placebo effect, Ralph Nader, RAND corporation, Ronald Reagan, social intelligence, Stephen Hawking, Steven Levy, Steven Pinker, the scientific method, Tunguska event, uranium enrichment, Y2K, young professional
In November 2006, the Food and Drug Administration lifted the ban on silicone breast implants. The devices can rupture and cause pain and inflammation, the FDA noted, but the very substantial evidence to date does not indicate that they pose a risk of disease. Anti-implant activists were furious. They remain certain that silicone breast implants are deadly, and it seems nothing can convince them otherwise. 6 The Herd Senses Danger You are a bright, promising young professional and you have been chosen to participate in a three-day project at the Institute of Personality Assessment and Research at the University of California in sunny Berkeley. The researchers say they are interested in personality and leadership and so they have brought together an impressive group of one hundred to take a closer look at how exemplary people like you think and act. A barrage of questions, tests, and experiments follows, including one exercise in which you are asked to sit in a cubicle with an electrical panel.
Fodor's Normandy, Brittany & the Best of the North With Paris by Fodor's
call centre, car-free, glass ceiling, happiness index / gross national happiness, haute couture, haute cuisine, Henri Poincaré, Kickstarter, Murano, Venice glass, Nelson Mandela, urban planning, young professional
Nightlife If you prefer clinking drinks with models and celebrities, check out the Champs-Élysées area, but be prepared to shell out beaucoup bucks and stare down surly bouncers. Easygoing, bohemian-chic revelers can be found in the northeastern districts like Canal St-Martin and Belleville, while students tend to pour into the Bastille, St-Germain-des-Prés, and the Quartier Latin. Grands Boulevards and Rue Montorgueil, just north of Les Halles, is party central for young professionals and the fashion crowd, and the Pigalle and Montmartre areas are always hopping with plenty of theaters, cabarets, bars, and concert venues. Warmer months draw the adventurous to floating clubs and bars, moored along the Seine from Bercy to the Eiffel Tower. Bars and Clubs American Bar at La Closerie des Lilas (171 bd. du Montparnasse, Montparnasse, 6e | 75006 | 01–40–51–34–50 | Station: Montparnasse) lets you drink in the swirling action of the adjacent restaurant and brasserie at a piano bar hallowed by plaques honoring such former habitués as Man Ray, Jean-Paul Sartre, Samuel Beckett, and Ernest Hemingway, who talks of “the Lilas” in A Moveable Feast.
City: A Guidebook for the Urban Age by P. D. Smith
active transport: walking or cycling, Albert Einstein, Andrew Keen, augmented reality, banking crisis, Berlin Wall, British Empire, Broken windows theory, Buckminster Fuller, Burning Man, business cycle, car-free, carbon footprint, clean water, colonial rule, congestion charging, cosmological principle, crack epidemic, double entry bookkeeping, edge city, Edward Lloyd's coffeehouse, en.wikipedia.org, Enrique Peñalosa, Fall of the Berlin Wall, Frank Gehry, garden city movement, global village, haute cuisine, income inequality, Intergovernmental Panel on Climate Change (IPCC), invention of gunpowder, Jane Jacobs, John Snow's cholera map, Kevin Kelly, Kibera, Kickstarter, Kowloon Walled City, Masdar, megacity, megastructure, multicultural london english, mutually assured destruction, New Urbanism, Norman Mailer, peak oil, RFID, smart cities, starchitect, telepresence, the built environment, The Death and Life of Great American Cities, the High Line, Thomas Malthus, trade route, urban planning, urban renewal, urban sprawl, Victor Gruen, walkable city, white flight, white picket fence, young professional
Osaka used to be the most densely populated city in Japan, but although central Osaka has also experienced a dramatic hollowing out of its residential population, the downtown remains a vibrant centre for business and entertainment. Here suburbanisation has not meant the death of downtown.24 In the twenty-first century, despite the fact that the majority of Americans now live in the suburbs, there are signs of a revival in the fortunes of downtown. For the first time, people – mostly young professionals – are beginning to move back into the centre, even in such a decentralised city as Los Angeles, where 450,000 commuters travel into downtown every day. Living in a downtown loft apartment means you can avoid the city’s appalling traffic congestion. Indeed, since 1999 the Los Angeles authorities have encouraged the conversion of old office buildings – many of which were standing empty – into residential use.
Financial Independence by John J. Vento
Affordable Care Act / Obamacare, Albert Einstein, asset allocation, diversification, diversified portfolio, estate planning, financial independence, fixed income, high net worth, Home mortgage interest deduction, money market fund, mortgage debt, mortgage tax deduction, oil shock, Own Your Own Home, passive income, risk tolerance, the rule of 72, time value of money, transaction costs, young professional, zero day
Both Peter and Suzanne Ellis were physicians who had recently completed their residencies and were about to embark on their careers. Peter was an internist, and Suzanne was a gynecologist and pediatrician. At the time we met, both Peter and Suzanne had found positions in existing practices. Of course, they were no longer interns, but they were the low doctors on the totem pole in their respective practices, and, like most young professionals, had much to learn. Nevertheless, one of their dreams was to set up a full-service family practice where they would work together, and they wished to make that happen as soon as possible. Peter and Suzanne were eager to talk to me because they had some fears about the fact that they were starting their professional and married lives with a combined debt caused by student loans of Financial Independence ( Getting to Point X ) : An Advisor’s Guide to Comprehensive W ealth Management © 2013 John Vento..
Life Inc.: How the World Became a Corporation and How to Take It Back by Douglas Rushkoff
addicted to oil, affirmative action, Amazon Mechanical Turk, anti-globalists, banks create money, big-box store, Bretton Woods, car-free, Charles Lindbergh, colonial exploitation, Community Supported Agriculture, complexity theory, computer age, corporate governance, credit crunch, currency manipulation / currency intervention, David Ricardo: comparative advantage, death of newspapers, don't be evil, Donald Trump, double entry bookkeeping, easy for humans, difficult for computers, financial innovation, Firefox, full employment, global village, Google Earth, greed is good, Howard Rheingold, income per capita, invention of the printing press, invisible hand, Jane Jacobs, John Nash: game theory, joint-stock company, Kevin Kelly, Kickstarter, laissez-faire capitalism, loss aversion, market bubble, market design, Marshall McLuhan, Milgram experiment, moral hazard, mutually assured destruction, Naomi Klein, negative equity, new economy, New Urbanism, Norbert Wiener, peak oil, peer-to-peer, place-making, placebo effect, Ponzi scheme, price mechanism, price stability, principal–agent problem, private military company, profit maximization, profit motive, race to the bottom, RAND corporation, rent-seeking, RFID, road to serfdom, Ronald Reagan, short selling, Silicon Valley, Simon Kuznets, social software, Steve Jobs, Telecommunications Act of 1996, telemarketer, The Wealth of Nations by Adam Smith, Thomas L Friedman, too big to fail, trade route, trickle-down economics, union organizing, urban decay, urban planning, urban renewal, Vannevar Bush, Victor Gruen, white flight, working poor, Works Progress Administration, Y2K, young professional, zero-sum game
Slowly but surely, an artsy store or two and a clique of hipsters “pioneer” the neighborhood until there’s significant sidewalk activity late into the night, making it safer for successive waves of incoming businesses and residents. Of course, after the city’s newspaper “discovers” the new trendy neighborhood, the artists are joined and eventually replaced by increasingly wealthy but decidedly less hip young professionals, lawyers, and businesspeople—but hopefully not so many that the district completely loses its “flavor.” Investment increases, the district grows bigger, and everyone is happier and wealthier. Still, what happens to the people who lived there from the beginning—the ones whom the police detective was talking about? The “natives”? This process of gentrification does not occur ex nihilo. No, when property values go up, so do the rents, displacing anyone whose monthly living charges aren’t regulated by the government.
Pedigree: How Elite Students Get Elite Jobs by Lauren A. Rivera
affirmative action, availability heuristic, barriers to entry, Donald Trump, fundamental attribution error, glass ceiling, income inequality, job satisfaction, knowledge economy, meta analysis, meta-analysis, new economy, performance metric, profit maximization, profit motive, school choice, Silicon Valley, Silicon Valley startup, The Wisdom of Crowds, unpaid internship, women in the workforce, young professional
The generally polite nature of these conversations—I rarely saw personal attacks between interviewers or negative comments targeted at an interviewer or his or her opinion—could be influenced by the fact that these evaluators tend not to know each other well, yet could potentially work with their calibration partner in the future. For sociological research on conversational turn-taking norms, see Gibson 2005. 7. Firms that had multiple office locations assigned a specific number of offer slots to each office. Some offices were more desirable than others. Positions in New York and San Francisco—cities that have become hotbeds for recent graduates and young professionals—were in highest demand and thus were the most difficult to get due to fierce competition for a limited number of slots. In general, because of elevated candidate demand, the more desirable the office, the fewer the number of maybes given callbacks or offers. Moreover, there was an iterative relationship between geographic region and school prestige. The most in-demand offices had the most intense competition but also allocated the highest number of positions to the most prestigious schools.
How I Became a Quant: Insights From 25 of Wall Street's Elite by Richard R. Lindsey, Barry Schachter
Albert Einstein, algorithmic trading, Andrew Wiles, Antoine Gombaud: Chevalier de Méré, asset allocation, asset-backed security, backtesting, bank run, banking crisis, Black-Scholes formula, Bonfire of the Vanities, Bretton Woods, Brownian motion, business cycle, business process, butter production in bangladesh, buy and hold, buy low sell high, capital asset pricing model, centre right, collateralized debt obligation, commoditize, computerized markets, corporate governance, correlation coefficient, creative destruction, Credit Default Swap, credit default swaps / collateralized debt obligations, currency manipulation / currency intervention, discounted cash flows, disintermediation, diversification, Donald Knuth, Edward Thorp, Emanuel Derman, en.wikipedia.org, Eugene Fama: efficient market hypothesis, financial innovation, fixed income, full employment, George Akerlof, Gordon Gekko, hiring and firing, implied volatility, index fund, interest rate derivative, interest rate swap, John von Neumann, linear programming, Loma Prieta earthquake, Long Term Capital Management, margin call, market friction, market microstructure, martingale, merger arbitrage, Myron Scholes, Nick Leeson, P = NP, pattern recognition, Paul Samuelson, pensions crisis, performance metric, prediction markets, profit maximization, purchasing power parity, quantitative trading / quantitative ﬁnance, QWERTY keyboard, RAND corporation, random walk, Ray Kurzweil, Richard Feynman, Richard Stallman, risk-adjusted returns, risk/return, shareholder value, Sharpe ratio, short selling, Silicon Valley, six sigma, sorting algorithm, statistical arbitrage, statistical model, stem cell, Steven Levy, stochastic process, systematic trading, technology bubble, The Great Moderation, the scientific method, too big to fail, trade route, transaction costs, transfer pricing, value at risk, volatility smile, Wiener process, yield curve, young professional
The BARRA culture was very casual—no one except for the head of marketing wore a suit and tie to work, and we would all go out to lunch for an hour and BS about world events or academic theory. There was a shower in the office, and late in the afternoon a bunch of us JWPR007-Lindsey 310 May 7, 2007 17:32 h ow i b e cam e a quant would go out for runs in the Berkeley hills. Once a month we would do this at night under the full moon and then go out for ice cream or beer. BARRA was full of young professionals, and almost equally divided among the sexes. This, as you might imagine, led to a number of internal mergers. I managed to keep my own relationship secret enough that when we finally moved in together, people looked at the housewarming invitation and asked, “Is this Peter from BARRA or Bonnie from BARRA?” not realizing that two people they were working with had been dating for a year. There may have been a few Republicans at BARRA, but they stayed in the closet.
Evicted: Poverty and Profit in the American City by Matthew Desmond
affirmative action, Cass Sunstein, crack epidemic, Credit Default Swap, deindustrialization, desegregation, dumpster diving, ending welfare as we know it, fixed income, ghettoisation, glass ceiling, Gunnar Myrdal, housing crisis, informal economy, Jane Jacobs, jobless men, Kickstarter, late fees, mass incarceration, New Urbanism, payday loans, price discrimination, profit motive, rent control, statistical model, superstar cities, The Chicago School, The Death and Life of Great American Cities, thinkpad, upwardly mobile, working poor, young professional
After unloading the furniture, D.P. and Scott shared a beer on their front steps. The apartment was on Ward Street, on the west side of Kinnickinnic Avenue, which the locals shortened to “KK.” It faced an undeveloped plot of land surrounding railroad tracks and was not far from an apartment Scott used to rent years ago, when he was still a nurse and living in Bay View, a thriving neighborhood that attracted young professionals, artists, and hipsters. From their stoop, Scott and D.P. could see the crowning dome of the Basilica of St. Josaphat. One hundred years ago, Polish parishioners had emptied their savings accounts to fund the massive building project, “a scaled-down version of St. Peter’s in Rome.”1 As Scott drank his beer, he joked about “taking his own vow of poverty….All I’m going to do is buy some food and clothes and some drugs now and again.”
Masters of Management: How the Business Gurus and Their Ideas Have Changed the World—for Better and for Worse by Adrian Wooldridge
affirmative action, barriers to entry, Black Swan, blood diamonds, borderless world, business climate, business cycle, business intelligence, business process, carbon footprint, Cass Sunstein, Clayton Christensen, cloud computing, collaborative consumption, collapse of Lehman Brothers, collateralized debt obligation, commoditize, corporate governance, corporate social responsibility, creative destruction, credit crunch, crowdsourcing, David Brooks, David Ricardo: comparative advantage, disintermediation, disruptive innovation, don't be evil, Donald Trump, Edward Glaeser, Exxon Valdez, financial deregulation, Frederick Winslow Taylor, future of work, George Gilder, global supply chain, industrial cluster, intangible asset, job satisfaction, job-hopping, joint-stock company, Joseph Schumpeter, Just-in-time delivery, Kickstarter, knowledge economy, knowledge worker, lake wobegon effect, Long Term Capital Management, low skilled workers, Mark Zuckerberg, McMansion, means of production, Menlo Park, mobile money, Naomi Klein, Netflix Prize, Network effects, new economy, Nick Leeson, Norman Macrae, patent troll, Ponzi scheme, popular capitalism, post-industrial society, profit motive, purchasing power parity, Ralph Nader, recommendation engine, Richard Florida, Richard Thaler, risk tolerance, Ronald Reagan, science of happiness, shareholder value, Silicon Valley, Silicon Valley startup, Skype, Social Responsibility of Business Is to Increase Its Profits, Steve Jobs, Steven Levy, supply-chain management, technoutopianism, The Wealth of Nations by Adam Smith, Thomas Davenport, Tony Hsieh, too big to fail, wealth creators, women in the workforce, young professional, Zipcar
Today’s bandits live at the margins of official society but are much in evidence: in Shanghai’s People’s Square you will be offered a cheap watch or phone at every step, as well as sundry other services. These bandits are parasites who profit from China’s weak property rights, but they are also talented innovators, quickly producing copies of high-tech gadgets that are cheap enough for migrant workers to be able to afford but also fashionable enough for young professionals to covet. Some of the more exotic phones are designed to look like watches or packets of cigarettes (they even have room for a few real ones) and often have striking new features, such as solar chargers, superloud speakers, telephoto lenses, or ultraviolet lights that make it easier to detect forged currency. In their own way, the bandits deploy as much innovation and ingenuity as their legitimate counterparts.
The Billionaire Raj: A Journey Through India's New Gilded Age by James Crabtree
accounting loophole / creative accounting, Asian financial crisis, Big bang: deregulation of the City of London, Branko Milanovic, business climate, call centre, Capital in the Twenty-First Century by Thomas Piketty, centre right, colonial rule, Commodity Super-Cycle, corporate raider, creative destruction, crony capitalism, Daniel Kahneman / Amos Tversky, Deng Xiaoping, Donald Trump, facts on the ground, failed state, Francis Fukuyama: the end of history, global supply chain, Gunnar Myrdal, income inequality, informal economy, Joseph Schumpeter, liberal capitalism, Mahatma Gandhi, McMansion, megacity, New Urbanism, offshore financial centre, open economy, Parag Khanna, Pearl River Delta, plutocrats, Plutocrats, Ponzi scheme, quantitative easing, rent-seeking, Rubik’s Cube, Silicon Valley, Simon Kuznets, smart cities, special economic zone, spectrum auction, The Great Moderation, Thomas L Friedman, transaction costs, trickle-down economics, Washington Consensus, WikiLeaks, yellow journalism, young professional
Sanyal’s band waved their brooms cheerfully at the staff, who stared back bemused behind displays thick with gold watches and rings. Around the next corner we walked past the Gamdevi police station and the group stopped to pose for pictures next to a busted-up Aston Martin, hidden beneath a dirty gray sheet. Later that week I watched Sanyal try to win over a late-night gathering of dozens of young professionals, crammed into a cavernous living room in the south of the city. There was an energy among the crowd, with people sitting five deep on the floor. The audience were well to do and liberal, although mostly disengaged from mainstream politics. In India, unlike in the West, wealthy neighborhoods tend to have lower voter turnouts while poor areas stream to the polls, in the hope that loyalty to some local politician or other might improve their lot.
The Tyranny of Experts: Economists, Dictators, and the Forgotten Rights of the Poor by William Easterly
"Robert Solow", air freight, Andrei Shleifer, battle of ideas, Bretton Woods, British Empire, business process, business process outsourcing, Carmen Reinhart, clean water, colonial rule, correlation does not imply causation, creative destruction, Daniel Kahneman / Amos Tversky, Deng Xiaoping, desegregation, discovery of the americas, Edward Glaeser, en.wikipedia.org, European colonialism, Francisco Pizarro, fundamental attribution error, germ theory of disease, greed is good, Gunnar Myrdal, income per capita, invisible hand, James Watt: steam engine, Jane Jacobs, John Snow's cholera map, Joseph Schumpeter, Kenneth Arrow, Kenneth Rogoff, M-Pesa, microcredit, Monroe Doctrine, oil shock, place-making, Ponzi scheme, risk/return, road to serfdom, Silicon Valley, Steve Jobs, The Death and Life of Great American Cities, The Wealth of Nations by Adam Smith, Thomas L Friedman, urban planning, urban renewal, Washington Consensus, WikiLeaks, World Values Survey, young professional
Today, the Kuomintang, the same Nationalist Party for which the long-forgotten H. D. Fong and the Institute of Pacific Relations had formulated authoritarian development in the 1930s, competes in a multiparty democracy. Economic growth continues to be high. LESSONS OF DEVELOPMENT ON GREENE STREET A short time ago, I had lunch with Naomi Seixas at a café on the corner of Greene and Houston, on the block whose history is covered throughout this book. Naomi is a young professional who works in New York. She is also a descendant of the Seixas family that lived on or near the Greene Street block from the 1830s through the 1850s. She kindly helped me find additional sources on Seixas family history. When Benjamin Mendes Seixas lived at 133 Greene Street in 1850, as noted in Chapter Eight, average income in the United States was one-seventeenth of today’s incomes. The United States in 1850 was roughly at the average income level of Ghana today.
Howard Rheingold by The Virtual Community Homesteading on the Electronic Frontier-Perseus Books (1993)
Apple II, Brewster Kahle, Buckminster Fuller, commoditize, conceptual framework, Douglas Engelbart, Douglas Engelbart, Electric Kool-Aid Acid Test, experimental subject, George Gilder, global village, Hacker Ethic, Haight Ashbury, Howard Rheingold, HyperCard, John Markoff, Kevin Kelly, knowledge worker, license plate recognition, loose coupling, Marshall McLuhan, Menlo Park, meta analysis, meta-analysis, Mitch Kapor, packet switching, Panopticon Jeremy Bentham, profit motive, RAND corporation, Ray Oldenburg, rent control, RFC: Request For Comment, Ronald Reagan, Saturday Night Live, Steve Jobs, Steve Wozniak, Steven Levy, Stewart Brand, technoutopianism, Ted Nelson, telepresence, The Great Good Place, The Hackers Conference, urban decay, Whole Earth Catalog, Whole Earth Review, young professional
Not everyone in any society enjoys many different opinions, and in that sense, the strongest similarity between the WELL and COARA--the willingness of the online population to tolerate wide diversity of opinion--might turn out to be a limiting factor of the medium's growth. The present state of porosity between the boundaries of different online groups on the Net might be an artifact of the early stages of the medium--fragmentation, hierarchization, rigidifying social boundaries, and single-niche colonies of people who share intolerances could become prevalent in the future. I spoke with young professionals--an insurance salesman, an 26-04-2012 21:45 howard rheingold's | the virtual community 13 de 25 http://www.rheingold.com/vc/book/7.html employee of an auto leasing firm, a city hall employee involved in the department of education--who had left Oita for college in one of the larger cities, and had started using COARA to stay in touch with people in Oita while they were gone. When they returned to their hometown, as many college graduates do, they still had connections to the social life that had been going on in their absence.
Straphanger by Taras Grescoe
active transport: walking or cycling, Affordable Care Act / Obamacare, airport security, Albert Einstein, big-box store, bike sharing scheme, Boris Johnson, British Empire, call centre, car-free, carbon footprint, City Beautiful movement, congestion charging, correlation does not imply causation, David Brooks, deindustrialization, East Village, edge city, Enrique Peñalosa, extreme commuting, financial deregulation, Frank Gehry, glass ceiling, Golden Gate Park, housing crisis, hydraulic fracturing, indoor plumbing, intermodal, invisible hand, Jane Jacobs, jitney, Joan Didion, Kickstarter, Kitchen Debate, laissez-faire capitalism, Marshall McLuhan, mass immigration, McMansion, megacity, mortgage tax deduction, Network effects, New Urbanism, obamacare, oil shale / tar sands, oil shock, Own Your Own Home, peak oil, pension reform, Peter Calthorpe, Ponzi scheme, Ronald Reagan, Rosa Parks, sensible shoes, Silicon Valley, Skype, the built environment, The Death and Life of Great American Cities, the High Line, transit-oriented development, union organizing, urban planning, urban renewal, urban sprawl, walkable city, white flight, working poor, young professional, Zipcar
But with its multifamily dwellings, Don Mills was significantly denser than most suburbs, and traces of its impact can still be seen in the street patterns of suburban Canada wherever you find ring roads converging on shopping plazas and community centers. Even as the region’s suburbs grew more slowly and compactly than comparable American metro areas, the central city retained its population. Toronto’s answer to the redlining of poor districts—the denial of federally guaranteed mortgages that doomed so many African-American and immigrant neighborhoods in the United States—was “white-painting.” In the ‘70s, proto-gentrifiers, young professionals the Toronto Star dubbed “urban adventurers,” slapped coats of acrylic on century-old downtown rowhouses, brilliantly proclaiming their intentions to build lives in the city. At the same time, Canadian efforts at urban renewal tended to be far more modest. After experiments with concrete-slab housing projects—among them the blighted Regent Park and St. James Town—proved unpopular, Toronto built a modern neighborhood of low-rise brick row houses called the St.
Jihad vs. McWorld: Terrorism's Challenge to Democracy by Benjamin Barber
airport security, anti-communist, Apple's 1984 Super Bowl advert, Ayatollah Khomeini, Berlin Wall, borderless world, Bretton Woods, British Empire, computer age, Corn Laws, Corrections Corporation of America, David Brooks, deindustrialization, Deng Xiaoping, digital map, Fall of the Berlin Wall, Francis Fukuyama: the end of history, full employment, George Gilder, global village, invisible hand, Joan Didion, Kevin Kelly, laissez-faire capitalism, late capitalism, Live Aid, market fundamentalism, Marshall McLuhan, minimum wage unemployment, new economy, Norbert Wiener, North Sea oil, pirate software, postnationalism / post nation state, profit motive, race to the bottom, Right to Buy, road to serfdom, Ronald Reagan, The Wealth of Nations by Adam Smith, Thomas L Friedman, undersea cable, young professional, zero-sum game
Zlobin concludes that since “in many ways control in Russia has already shifted to the new criminal network, which has replaced the old communist structure” and since “after a transition … they would presumably have less and less need for violent tactics and more investment in controlling anarchy,” one might as well make a virtue of necessity and let the mafia rule.43 There is no need to choose between the mafia and democracy or the mafia and the free market: the mafia is the free market. The mafia is democracy.44 Fortunately, neither McWorld nor its fellow-traveling criminals are the only forces at work in the new Russia. There are other important factors, including the emerging outline of a new civil society and civic infrastructure focusing on associations that belong neither to the state nor to the marketplace; a young professional class of academics, lawyers, and civic professionals ded icated to civil society and the rule of law; a growing interest in a “third sector” that cannot be folded into capitalism or state socialism; a concern for constitutional issues that go beyond politics; and a growing sense of the need to support the legislature (even when it is in the “wrong” hands) against the arbitrary prerogatives of the executive (even when it is occupied by Westernizing market enthusiasts).
The America That Reagan Built