Yearly Archives: 2014

Sallie Krawcheck thought she hated banking until she asked herself a question that led to her to become ‘the most powerful woman on Wall Street’

Sallie Krawcheck spent her 20s looking for the right fit.

Sallie Krawcheck spent her 20s looking for the right fit.
Hollis Johnson/Business Insider

  • Sallie Krawcheck spent years as a Wall Street exec, commonly called “the most powerful woman on Wall Street.”
  • But when she got her first investment banking job in her early 20s, she hated it, and even went back to business school to transition into her dream jobs in media.
  • It wasn’t until she asked herself what she loved about media that she could find in banking that she found a place in equity research, which launched her into a series of executive roles on Wall Street.

Sallie Krawcheck spent years being called “the most powerful woman on Wall Street.”

But the former banking exec and current CEO of investing platform Ellevest never meant to rule Wall Street. In fact, when she got her first job in investment banking in her 20s, she hated it.

In an interview with Business Insider’s Richard Feloni for our podcast, “Success! How I Did It,” Krawcheck told us, “I immediately wanted to get out. Really, my 20s were just directionless. I knew I didn’t like investment banking. I didn’t get it. I didn’t enjoy it. I didn’t love the work.”

She loved parts of it, she said, but her dream job was in media. She got her MBA from Columbia University specifically to make the industry leap, and landed a summer internship at Time magazine, “the job of my dreams,” she remembered. She didn’t end up with a job offer from Time, which was “devastating,” she said, but she did get one from Disney, which she was even more excited about. However, she was married at the time and the job was in California, where her then-husband refused to go – so she didn’t take it.

Krawcheck ended up back on Wall Street after business school, “throwing up between orientation sessions because my marriage had fallen apart and I was in a job I didn’t want, and I made the move to business school to switch.”

After a stint as a stay-at-home mom, which she also found wasn’t for her, she did some serious thinking.

Here’s Krawcheck:

“I just didn’t get the two top media jobs I wanted, I don’t like banking, but what did I like about banking, what was I looking for in media? I learned about myself. I love building earnings models. It’s like, I love it. I really like writing, even though it’s hard. I like dealing with smart people. I didn’t like the team ‘Eat what you kill’ dynamic of investment banking.

“So where else can you have those things with a lot of personal responsibility? And equity research is where I went. The timing was spectacular because it was right before that period, which I don’t think we’ll ever see again, when equity-research analysts were sort of the kings of Wall Street.”

She continued: “My 20s were not about becoming senior. My 20s were actually about finding a fit, which I finally did in equity research.”

It turned out that Krawcheck didn’t hate working on Wall Street – she just hadn’t found the right job.

“When that insight came to me that that’s what I wanted to do, it was the scales fell away, and I knew that was a job that I was going to love and I hoped to be successful at,” she said.

The path to career success used to be at big-name firms — but that might no longer be the case

Ellevest cofounder and CEO Sallie Krawcheck speaks at TechCrunch Disrupt NY 2016.

Ellevest cofounder and CEO Sallie Krawcheck speaks at TechCrunch Disrupt NY 2016.
Noam Galai/Getty Images

  • Sallie Krawcheck is a former Wall Street exec.
  • Now, she is the CEO of the startup she founded, women’s investing platform Ellevest.
  • When asked for her definition of success, she said that it’s “impact” – and that there’s just as much opportunity, if not more, to have an impact at a startup as at a huge company.

After years as “the most powerful woman on Wall Street” holding executive positions at multiple major banks, you could say Sallie Krawcheck knows a lot about success.

And when Business Insider’s Richard Feloni asked her how she personally defines success during an interview for our podcast, “Success! How I Did It,” Krawcheck didn’t mention the corner office.

“Success is impact,” she said.

Krawcheck is now the founder and CEO of women’s investing platform Ellevest, worlds away from her roles running huge firms.

“I thought about this a lot,” she said. “After I left Bank of America, I spent the better part of a year trying to decide what was important to me. Success is impact.”

She continued: “I could have gone back to a big company. I could have had a much bigger office. I could’ve been more comfortable on a day-to-day basis.”

But she thinks that the business world has changed in recent years, and there are just as many opportunities for success at a small company or startup as there are at a huge corporation – perhaps even more.

“The great thing about what’s going on in business today is you can have an impact, maybe even a greater impact at a small company, whereas historically it had to be at a big company,” she said. She continued:

“If you have a great idea, you can get it out there for free. For free. You head on to Twitter, head over to Facebook. It doesn’t necessarily have to go viral. By being out there with that idea consistently, and if it’s a good one, people will listen to it, gravitate toward it, and there are many more press outlets as well so that you can find places that are interested in something that may not have been as interesting for a broad audience.

“Combine that with at a startup you can move so much more quickly, so much more quickly than a big company, all of a sudden I can make the argument you can have a greater impact on people’s behavior from a startup than you can from one of the big guys.”

The most popular baby names in every US state

Mike Lawrie / Getty Images

  • Every year around Mother’s Day, the Social Security Administration releases statistics on the popularity of baby names in the previous year.
  • On Thursday, it released the most popular baby names in each state and DC.

Last week, the Social Security Administration revealed that the most popular baby names in the US in 2017 were Liam and Emma.

On Thursday, the administration released the most popular names for baby boys and girls in each state and DC last year, based on its comprehensive database of applications for Social Security cards from new parents.

In addition to being the most popular name nationally, Liam was the most popular name for baby boys in 16 states:

most common boys names map v4

Business Insider/Andy Kiersz, data from Social Security Administration

Emma, the most popular name for girls nationally, was the most popular name in half of the states:

most common girls names map

Business Insider/Andy Kiersz, data from Social Security Administration

The mysterious death of a 35-year-old CDC commander who disappeared in February has been solved

The Centers for Disease Control and Prevention (CDC) headquarters in Atlanta.

The Centers for Disease Control and Prevention (CDC) headquarters in Atlanta.
Thomson Reuters

  • CDC commander Timothy Cunningham left work on February 12 feeling ill, and was never heard from again.
  • He remained missing for more than six weeks before his body was recovered in an Atlanta river in April. He was still wearing his favorite pair of running shoes.
  • The Fulton County Medical Examiner ruled his cause of death suicide by drowning on Tuesday.

The mysterious disappearance of Centers for Disease Control and Prevention (CDC) Commander Timothy Cunningham ended tragically last month when a group of fishermen found his body in a muddy spot on the Chattahoochee River in northwest Atlanta, and alerted the police.

“We may never be able to tell you how he got into the river,” Maj. Michael O’Connor of the Atlanta Police Department said when the commander’s body was recovered in April.

The only thing police said they found in Cunningham’s pockets at the time were three crystals. He was also wearing his favorite running shoes. But there weren’t any running trails nearby, deepening the mystery of how he got in the water in the first place.

On Tuesday, the public health worker’s case was finally solved when the Fulton County Medical Examiner issued its final report. Cunningham’s death was ruled a drowning by suicide, the medical examiner’s office told Business Insider.

Timothy Cunningham.

Timothy Cunningham.
Atlanta Police Department

A Rising Star In Public Health

The 35-year-old commander had been a budding star at the nation’s leading public health agency, rising quickly through the ranks at the CDC and working on numerous public-health emergencies, including Superstorm Sandy, the Ebola outbreak, and the Zika outbreak. He was granted an early promotion to Commander last July.

But Atlanta Police Major O’Connor said at a news conference in February that Cunningham had recently been turned down for a promotion at work, and left the office feeling ill shortly after his supervisor explained why he’d been passed over.

The commander drove off that day and was never seen alive again, even as his car, credit and debit cards, keys, and cellphone were all recovered at his home, police said. He left his dog, Mr. Bojangles, home alone too.

“Tim never leaves Beau unattended,” Cunningham’s father, Terrell Cunningham, told NBC at the time of his son’s disappearance. “He just doesn’t do it.”

Cunningham had an impressive career in public health, and the Atlanta Business Chronicle named him one of 2017’s “40 under 40” in October. He held a master’s degree and a doctorate from Harvard’s School of Public Health.

Watch the stand-up comedy clip that reignited the Bill Cosby sexual-assault allegations

Hannibal Buress and Bill Cosby.

Hannibal Buress and Bill Cosby.
Andrew H. Walker; Ethan Miller/Getty

  • Bill Cosby on Thursday was found guilty of drugging and sexually assaulting a woman in 2004, and he faces up to 30 years in prison.
  • The sexual-assault allegations that brought Bill Cosby to trial were in part reignited by a 2014 stand-up bit in which the comedian Hannibal Buress joked about Cosby’s “rape.”
  • After footage of Buress’ joke went viral, numerous women came forward to accuse Cosby of sexual misconduct.

On Thursday, Bill Cosby, 80, was found guilty of drugging and sexually assaulting Andrea Constand in 2004, and he could face up to 30 years in prison.

The sexual-assault allegations that brought Cosby to trial were in part reignited by a 2014 stand-up comedy bit at a club in Philadelphia in which the comedian Hannibal Buress joked about Cosby’s “rape.”

Mocking Cosby, Buress said: “Pull your pants up, black people. I was on TV in the ’80s. I can talk down to you ’cause I had a successful sitcom.”

“Yeah, but you rape women, Bill Cosby,” Buress added, “so turn the crazy down a couple notches.”

Audience footage of Buress’ joke subsequently went viral. (Warning: There is explicit language used in the video.)

Many people on social media vilified Cosby, and several news outlets picked up the subject. Cosby also faced persistent criticism from other notable comedians, including Judd Apatow.

Numerous women have come forward to accuse Cosby of sexual misconduct.

Thursday’s verdict came after a two-week retrial during which prosecutors put five other women on the stand who testified that Cosby drugged and sexually assaulted them too. Constand’s was the only criminal case to arise from allegations from his more than 60 accusers.

Additional reporting by The Associated Press.

The death of Queen Elizabeth will be the most disruptive event in Britain in the last 70 years

Getty Images/Samantha Lee/BI

Queen Elizabeth the Second, by the Grace of God Queen of this Realm and of Her other Realms and Territories, Head of the Commonwealth, Defender of the Faith, is not going to live forever.

Since ascending to the throne in 1952, the monarch has seen 13 Prime Ministers serve Britain, and lived through another 13 US presidents. She’s now 92. At some point – not for many years yet, we hope – Queen Elizabeth II’s reign will come to an end.

But what happens then?

For at least 12 days – between her passing, the funeral and beyond – Britain will grind to a halt. It’ll cost the British economy billions in lost earnings due to the chaos. And both the funeral and the subsequent coronation will become formal national holidays, each with an estimated economic hit to GDP of between £1.2 and £6 billion as banks, businesses and the stock markets close, to say nothing of organisational costs.

But to focus on the financial disruption doesn’t begin to describe the sheer magnitude of it. It will be an event unlike anything Britain has seen since the end of the Second World War. There will be trivial disruptions – the BBC will cancel all comedy shows, for example – and jarring cultural changes. Prince Charles may change his name, for instance, and the words of the national anthem will be changed, too. The British Commonwealth might even unravel completely.

The deaths of Princess Diana and the Queen Mother both brought on waves of public mourning and hysteria. But the Queen, due to her longevity and fundamental place atop British society, will be on a whole new level above that.

The vast majority of British people have simply never known life without the Queen.

It will be a strange, uncertain time.

queen timeline

Samantha Lee/Business Insider

The early hours

Buckingham Palace.

Buckingham Palace.
FLICKR/Alessandro Casagrande

Much depends on the manner of the Queen’s passing. If it is expected (from a long illness, say), then detailed plans will have been put in place for handling it and making the announcement. These plans are already being made: Inside Buckingham Palace, arrangements for after the Queen’s passing and the subsequent succession are known as the “Bridge.”

But if it’s sudden, unexpected, or even in public – as was the case with Princess Diana’s death in 1997 – then the news will get out immediately, in an unplanned, uncontrolled fashion.

Either way, the majority of staff at the Palace and associated institutions will be immediately sent home. (According to The Daily Beast, if it happens overnight, it will be announced at 8 a.m.) The Royal Court has a staff hotline for distributing news and instructions to employees in the event of occasions like this. Many of the details in this story were provided to Business Insider by a former staff member of the Palace.

Assuming the Queen’s passing was expected, the news will spread at first via the main TV channels. All BBC channels will stop their programming and show the BBC1 feed for the announcement. The other independent channels won’t be obligated to interrupt their regular programming. But they almost certainly will.

This is how the BBC initially announced the death of the Queen Mother in 2002:

At the BBC, anchors actively practice for the eventuality of the Monarch’s passing so they won’t be caught unaware on their shifts. The BBC’s Peter Sissons was heavily criticised for wearing a red tie to announce the Queen Mother’s passing (as seen above), and the BBC now keeps black ties and suits at the ready at all times.

Presenters also run drills in which they’re required to make sudden “spoof” announcements that are never broadcast. In 2015, a BBC journalist tweeted that the Queen had died (on the same day she was visiting hospital, no less) after not realising a rehearsal was going on – with the “news” subsequently being picked up by foreign news outlets.

“A journalist working for the BBC’s language services, who had not been sent the email [informing staff about the rehearsal], saw an internal TV monitor which was showing the rehearsal,” the BBC Trust said at the time. “A number of tweets were sent from her Twitter account. The first stated that the Queen was being treated in hospital, the second stated that the Queen had died; the tweets included a link to BBC World’s official Twitter feed.”

All comedy will be cancelled

There will be no Charlie Chaplin for weeks.

There will be no Charlie Chaplin for weeks.
surfstyle/Flickr (CC)

The last death of a Monarch was in 1952, and the BBC stopped all comedy for a set period of mourning after the announcement was made. The Daily Mail reports that the BBC plans to do the same again today, cancelling all comedy until after the funeral.

CNN has pre-recorded packages on the Queen’s life ready to be aired at a moment’s notice, we’re told – and so will every other major news channel.

Some businesses may choose to close if the announcement happens during working hours. The protocols government bodies will follow will emanate from the Department of Culture, Media and Sport (though they may also originate from the Palace). But the immediate government response beyond official statements of condolences will be hard to predict, the former palace employee we spoke to said. The last monarch died in 1952; procedures that seemed apt then may be woefully antiquated in the twenty-first century.

Mourners wore black armbands to show respect for George VI, for example, but would similar public displays of mourning be employed today? It’s impossible to know until it happens.

Flags will be flown at half-mast until 8 a.m. the day after the funeral, according to guidance from the Greater London Lieutenancy, with the exception of Proclamation Day (more on that shortly). Churches may also toll their bells – either on the day of the death, or the day after.

Whatever happens formally, the shock on the day of the Queen’s passing will see Britain effectively cease to function. The day of the funeral, around two weeks later, will be declared a bank holiday, but “shell-shocked” mourning will continue throughout this time.

There will be a brief resurrection of the British Empire

The Union Jack flies at half-mast over the Foreign & Commonwealth Office in London.

The Union Jack flies at half-mast over the Foreign & Commonwealth Office in London.
Carl Court/Getty Images

Given the Queen’s international significance, it will almost certainly be the top news story across the entire world. It will trend globally on social media. After all, Britain has a massive overseas presence – not just via its embassies, but also former colonies and the Commonwealth, which swears loyalty to the crown, and more informally in any country where English is spoken.

The British Empire once covered a quarter of the earth’s landmass and for a brief, surreal period it will feel as if the Empire still exists, as all its former subjects will turn toward Britain for the news.

A former ambassador we spoke to said what will happen overseas depends on the manner of the Queen’s passing. If it has been long-expected, there will be detailed plans and procedures in place. If it’s sudden, overseas posts will look to the Foreign Office for urgent guidance.

A few things will definitely happen overseas: Social functions will be cancelled. The Union Jack flag will be flown at half-mast until after the funeral (this will also happen at home in the UK). Officials will enter a period of mourning, and dress appropriately. Condolence books will be prepared for visitors to leave messages in.

But the ambassador also stressed there is a massive amount of uncertainty as to what will actually happen. It has been more than 60 years since the last monarch died. Society has changed a huge amount in that time.

We’re getting ahead of ourselves, however. What will happen inside the Palace?

Behind closed doors at the Palace, an “Accession Council” will convene

St. James's Palace.

St. James’s Palace.
Elisa.rolle/Wikimedia Commons

Once the majority of the staff are out the way and the public tourist attractions are closed, an Accession Council will be held at St. James’s Palace to declare the successor formally – Prince Charles, barring any unforeseen circumstances. The Accession Council will be attended by Privy Councillors, Lords, the Lord Mayor of the City of London, and High Commissioners of certain Commonwealth countries, amongst others.

This council is not required to make Queen Elizabeth II’s successor “official” however – Charles will become the monarch from the moment of her passing. There is never not a Sovereign on the throne. This is also why the the Royal Standard is never flown at half-mast (unlike the Union Jack).

Charles could change his name

It’s also worth discussing the possibility of the crown “leapfrogging” Charles in favour of his son, Prince William – a possibility that has been discussed in the media repeatedly.

The Royal Standard, as flown in England, Northern Ireland, Wales, and overseas (a variant is employed in Scotland).

The Royal Standard, as flown in England, Northern Ireland, Wales, and overseas (a variant is employed in Scotland).
Barryop/Wikimedia Commons

This would cause a constitutional crisis, and definitely will not happen. Prince William himself has said there is “no question” of it happening. Instead, Prince William will become the new Prince of Wales – Charles’ current role.

After all, Charles has waited and prepared for this job for his entire life. And his mother’s longevity means that he’s no long young either – he will be at least 69 when he takes the throne, past the British age of retirement.

“Impatient? Me? What a thing to suggest! Yes of course I am,” he said in 2012. “I’ll run out of time soon. I shall have snuffed it if I’m not careful.”

At the council, the new Monarch (presumably Charles) will swear loyalty to Parliament, and to the Church of England. He will also become the new Supreme Governor of the church. (Catholics cannot ascend to the throne.)

The council will also make a “Proclamation of Accession,” to be read out on “Proclamation Day” soon after the death in London Edinburgh, Windsor, York, and other towns and villages throughout the country.

This was the most recent Proclamation, from when Queen Elizabeth II ascended to the throne:

Whereas it has pleased Almighty God to call to His Mercy our late Sovereign Lord King George the Sixth of Blessed and Glorious memory, by whose Decease the Crown is solely and rightfully come to the High and Mighty Princess Elizabeth Alexandra Mary:

WE, therefore, the Lords Spiritual and Temporal of this Realm, being here assisted with these His late Majesty’s Privy Council, with representatives of other Members of the Commonwealth, with other Principal Gentlemen of Quality, with the Lord Mayor, Aldermen, and Citizens of London, do now hereby with one voice and Consent of Tongue and Heart publish and proclaim that the High and Mighty Princess Elizabeth Alexandra Mary is now, by the death of our late Sovereign of happy memory, become Queen Elizabeth the Second, by the Grace of God Queen of this Realm and of all Her other Realms and Territories, Head of the Commonwealth, Defender of the Faith, to whom Her lieges do acknowledge all Faith and constant Obedience with hearty and humble Affection, beseeching God by whom Kings and Queens do reign, to bless the Royal Princess Elizabeth the Second with long and happy Years to reign over us.

Charles won’t necessarily become “King Charles,” however. Upon ascending to the Throne, royals may pick their “regnal” name from any of their Christian or middle names. Arthur Bousfield and Gary Toffoli write that when Queen Elizabeth II was asked, she opted for “my own of course – what else?” But if Prince Charles felt inclined to change, as Charles Philip Arthur George, he could also be “King Philip,” “King Arthur,” or “King George.”

The Queen’s body will “lie in state”

King George V lies in state in Westminster Hall in 1936.

King George V lies in state in Westminster Hall in 1936.
Leonard Bentley/Flickr (CC)

As these discussions are ongoing, the Queen’s coffin will be prepared to lie in state – that is, to be presented for public viewing so people can pay their respects.

Before this, however, both Houses of Parliament will sit, or be recalled if necessary. Members will have the opportunity to take a new oath of allegiance to the new Monarch. All MPs must swear allegiance to the present Monarch – though some republican MPs will cross their fingers when making the 500-year-old oath. Members of both houses will also present addresses of condolences and loyalty to the new Sovereign, a House of Lords spokesperson told me, in a format that is yet to be determined.

After this, both Houses will be suspended until after the official State Funeral.

The Queen’s body will lie in state in Westminster Hall. There will be a short ceremony to mark the coffin’s arrival, after which the public will be able to file past and pay their respects. The Hall will be open all but a single hour a day for the duration, the spokesperson says.

When the Queen Mother lay in state for three days, her grieving grandsons relieve the official guard to stand guard over the coffin for a short period; it was called the Vigil of the Princes. Something similar happened for George V. While not a formal ceremony, it’s likely a similar act of remembrance would be accorded to Queen Elizabeth II. More than 200,000 members of the public paid their respects as the Queen Mother lay in state; the scale of mourning for the Queen should easily eclipse this.

Here’s footage of the Queen Mother’s coffin lying in state:

Throughout this period, there will be a massive, hysterical outpouring of public grief. It won’t just be sombre dress and a minute of silence at sports games – it’ll be a punch to the gut of the national psyche.

When Princess Diana died, the public turned out in their tens of thousands to lay flowers outside Buckingham Palace – by some estimates as many as 1 million bouquets were left. A memorial appeal raised £20 million. People queued for ten hours or more to sign memorial books.

“Everything closed, saturation TV coverage, no one at work” on the day of the funeral, recounted one witness to the BBC (despite it not being a national holiday). There were “scenes of unbelievable grief,” said another: “It was as though all of these people had lost someone incredible dear to them and their emotion was genuine. It worried me hugely – especially after days of mounting hysteria on the streets of Kensington, people walking into the road blinded by tears, etc. – people appeared to be losing their grip on reality.”

The Guardian’s Jonathan Freedland writes that many Britons felt “forced to close their shops or cancel sporting events on the day of the funeral, lest they feel the rage of the tear-stained hordes outside.”

Given the Queen’s stature, and how intrinsically she is woven into the fabric of modern Britain, it’s likely there will be even greater public mourning for her passing.

Here’s a photo of flowers laid 5 feet deep outside Buckingham Palace for Princess Diana in 1997:


Maxwell Hamilton/Wikimedia Commons (CC)

It will be an extremely star-studded funeral

Baroness Thatcher's coffin is transported by gun carriage ahead of her funeral.

Baroness Thatcher’s coffin is transported by gun carriage ahead of her funeral.
Ronnie Macdonald/Flickr (CC)

Queen Elizabeth II’s body will continue to lie in state until the day of the funeral, which will be a public holiday. The Daily Mail believes this will be 12 days after the death. The coffin will then be transported to Westminster Abbey by gun carriage for a State Funeral.

It will probably be the best-attended funeral of all time. World leaders from across the globe will flock to attend. She’s the most senior head of state in the world – on the throne for more than 66 years.

The service will be led by Justin Welby, the Archbishop of Canterbury and the second-most senior figure in the Church of England (after the Monarch). According to The Daily Beast, the Queen has been actively involved in planning parts of her funeral, and has a “sanguine” view of her mortality.

On the day of Princess Diana’s funeral, “more than a million people lined the route of the funeral cortege,” according to the BBC, with 30 million Brits tuning in to watch it. Worldwide, there were as many as 2.5 billion viewers. The viewership of Queen Elizabeth II’s funeral is likely to be equivalent, if not even more.

What about the Queen’s final resting place?

Balmoral Castle in Scotland, a possible burial site.

Balmoral Castle in Scotland, a possible burial site.
Stuart Yeates/Flickr (CC)

Once the funeral is concluded, it’ll be time for the burial. Queen Elizabeth II may well have already decided this – in which case it could either be Sandringham or Balmoral in Scotland. These two properties are unique in that they belong to the Queen in a personal capacity, rather than to the crown.

Alternately, she could be buried at St. George’s Chapel at Windsor, the site of the grave of King George VI – her father.

After a certain appropriate period of mourning – up to a year or so – there will be a coronation. It’s a highly ceremonial affair, although the new monarch technically has the ability to do whatever he wants – after all, he is already the King. Charles’ authority as sovereign does not derive from the ceremony, so he could choose to eschew it altogether, should he desire.

But assuming Charles does not wish to totally break with tradition, it will – again – be held at Westminster Abbey. And, again, it will be officiated by the Archbishop of Canterbury.

Here’s archive footage illustrating the pomp and ceremony of Queen Elizabeth II’s coronation:

The entire event will be broadcast on television (and also streamed online), and there will be parties up and down the country. After the Royal Wedding of Prince William and Catherine Middleton in 2011, there were thousands of street parties celebrating. The same will be true of the coronation. As a national holiday, the Royal Wedding in 2011 lost the economy between £1.2 and 6 billion, and the Coronation will be similar – in addition to the direct cost to the taxpayer of holding the largest British ceremonial event since the 1950s.

Decorations along Victoria Street in London, ahead of the 1953 Coronation of Queen Elizabeth II:

London Victoria Street_just_before_the 1953 Coronation_geograph 3190170 by Ben Brooksbank

Ben Brooksbank/Wikimedia Commons

The little things…

The Queen buried, a new King on the throne… is that it? Of course not.

There will be hundreds of changes taking place up and down the country in the weeks and months ahead.

First off, new currency will begin being printed and minted immediately. The portraits of Charles will already have been made in preparation. They won’t seek to replace the entire stock of currency overnight, however – it will take several years to do so, much like how older notes and coins are gradually removed from circulation today.

Of course, the national anthem, “God Save The Queen,” would change too. Here’s Dame Julie Andrews singing “God Save The King” for George VI in 1948:

Even Trafalgar Square will change

This bobby's going to need a new helmet.

This bobby’s going to need a new helmet.
FaceMePLS/Flickr (CC)

Another unexpected change: Police will need new insignia on their helmets. They currently display the Queen’s initials and regnal number. Likewise, a great deal of military insignia will require updating.

Passports too will need a refresh. The British passport currently “requests and requires in the Name of Her Majesty all those whom it may concern to allow the bearer to pass freely without let or hindrance.” Stamps will also need updating so that they show the new King’s head rather than the Queen’s.

These small changes matter more than you would expect. After the current Queen was crowned, her regnal number – II – caused controversy in Scotland, which she also rules, as there was never a Scottish Elizabeth I. When postboxes bearing her cypher were erected in Scotland, some were attacked and vandalised.

As signs of the Queen’s reign are slowly erased, she will also be memorialised. The fourth plinth in Trafalgar Square is currently dedicated to temporary statues and works of art, but former London Mayor Ken Livingstone says his understanding is that “the fourth plinth is being reserved for Queen Elizabeth II.”

It may end the Commonwealth

Australia's former prime minister Tony Abbott was a Monarchist.

Australia’s former prime minister Tony Abbott was a Monarchist.
Daniel Kalisz/Getty Images

The Queen’s passing may have far more profound and long-lasting consequences than just new postage stamps, however. It may well spell the end of the Commonwealth as we know it.

The 53-country organisation includes 16 countries where the British Monarch is officially the Head of State, including Australia, Canada, Jamaica, New Zealand, and Barbados. It’s a remnant of the British Empire which today exists mainly as a trade and political organisation. It has few formal powers but carries the weight of symbolism: Many of these countries were part of the Empire against their will, and almost all of them declared independence long ago.

With Queen Elizabeth II out of the way, some may choose to end this union with Britain once and for all.

Australia, for example, has already held a referendum on becoming a Republic once before, in 1999. It was a relatively close-run thing, with the republicans ultimately losing 45% to 55%. But much support for the Monarchy arguably derives from personal affection for the Queen herself. With her gone, many Commonwealth nations may decide the time has come to separate. In Canada, for example, there is speculation that the death of the Queen might prompt a severing of ties: “I think Charles might solve the problem,” Ajax, Ontario mayor Steve Parish told The Guardian.

This also depends on the time of the Queen’s death. Many politicians in Commonwealth countries – like former Australian Prime Minister Tony Abbott – are staunch monarchists, certain to try and block any attempt at Republicanism on their watch. But if the Queen’s passing comes when politicians less enamoured with the monarchy are in office, resurgent republicanism may find a more receptive audience.

A republican Britain?

Prince Charles, the heir to the throne.

Prince Charles, the heir to the throne.
REUTERS/Fayez Nureldine

Depending on Charles’ reign, republicanism may grow in prominence in Britain too. But there’s no chance of Britain becoming a Republic in the near future. Support for the Monarch is deeply entrenched in the nation’s psyche, with 66% of respondents in one survey saying Britain is better off as a Monarchy, and with just 17% opting for a Republic.

On September 9, 2015, Queen Elizabeth II broke the record set by her great-great-grandmother, Queen Victoria, becoming the longest reigning British monarch ever.

In December 2016, in an apparent concession to her age, the Queen announced she is stepping down as patron of a number of organisations she has supported, including charities and academic institutions. And in August 2017, 96-year-old Prince Philip – the Queen’s husband – retired from public life.

Though her death is hopefully a long way off yet, it is definitely coming – and with it, the end of an epic chapter in Britain’s history, and the start of a strange new one.

A complete guide to grocery store labels

Business Insider

Ever find yourself mid-aisle at the grocery store with a nearly identical version of the same product in each hand, pondering whether to buy the one labeled “organic” or the one labeled “all-natural”?

You’re not alone. While many of these labels sound similar, they can have vastly different meanings, both in terms of how the food is grown or processed and how nutritious it is to eat.

Here’s a complete guide to the plethora of food labels you’ll find.

“All natural”


What the label implies: Roughly two-thirds of people responding to a 2014 Consumer Reports survey said they thought the term “natural” on food meant that it was free of artificial ingredients, pesticides, and GMOs.

The low-down: Not quite. According to the FDA, the agency “has not developed a definition for use of the term natural or its derivatives.” In other words, it means diddly-squat.

“At present, the word ‘natural’ in food marketing is meaningless, and that’s the way food companies want it,” Gary Ruskin, executive director of US Right to Know, a nonprofit organization that promotes transparency within the food industry, told US News.


Flickr via roebot

What the label implies: According to the USDA, products that are “certified organic” can’t contain GMOs and should minimize pesticides and anything synthetic (i.e.: made in a lab). Products labeled “100% organic” contain strictly organics (minus the synthetics the USDA deems safe); “Organic” products contain at least 95% organics by weight.

The low-down: A recent review of the past 50 years of scientific articles stacking organic foods up against nonorganics concluded that they were “not significantly different.”

    Pesticides: Organic fruits and veggies typically have far fewer pesticide residues than conventional produce. But keep in mind that all residue levels – organic or not – are kept in check by government safety standards. The environment: Organic farming is tailored to help the environment by cutting pollution, protecting soil, and conserving water.

“Free range”

Chickens on farm in Maryland.
Flickr/Steven Lilley

What the label implies: Freedom for chickens everywhere.

The low-down: Not so fast. Unlike cage-free chickens, free-range animals do get access to the outdoors (yay!), but still, most free-range hens are subject to some pretty inhumane practices. These include having parts of their beaks removed and being starved to force molting (loss of feathers) to manipulate their natural egg-laying cycle, according to the Humane Society.


YouTube/The Eyes of Nye

What the label implies: The nonprofit Non-GMO Project, whose members include several health-food companies like Eden Foods and Nature’s Path, started labeling foods with a “Non-GMO Project Verified” sticker in 2007. The standard claims that products carrying the label have “been produced according to consensus-based best practices for GMO avoidance.”

The low-down: Most Americans are confused about what GMOs are. Nevertheless, research shows many actively try to avoid them. Here’s the general consensus from the scientific community: GMOs are safe. A large study from 2013 found no “significant hazards directly connected with the use of genetically engineered crops.”

“Grass fed”

Flickr / Marc Dalmulder

What the label implies: USDA “grassfed” products means animals are only fed grass and hay their entire lives and aren’t confined during the growing season. Foods with the independently certified American Grassfed Association (AGA) stamp are purportedly never confined, must be born and raised in the US, and are never fed antibiotics or hormones.

The low-down: Unlike grassfed cattle, conventional cattle are also fed grains, such as corn. And turns out what they eat does affect the nutrients and fats you get from eating them: Grassfed beef typically has a greater proportion of healthier fats and is generally a bit leaner than conventional beef.

“No added sugars”


What the label implies: Products can carry the “no added sugars” label so long as no sugar is added during processing.

The low-down: This label does not mean a product is “sugar-free.” A container of Mott’s “no added sugars” label, for example, still has 22 grams of sugar (which is just under the American Heart Association’s recommended amounts for an adult woman). This sugar isn’t added, though; it comes from the naturally occurring sugar in the apples.


Flickr/Joel Kramer

What the label implies: Cage-free eggs are all the rage these days, with massive egg buyers like McDonald’s announcing plans to make the switch in the US and Canada by 2025. But if you’re picturing rolling green hills and happy-go-lucky chickens, there’s bad news ahead.

The low-down: Cage-free means chickens are allowed to roam around a barn or other facility, but they still generally have no access to the outdoors. And when it comes to human health, a recent study comparing the nutritional value of cage-free, organic, and conventional eggs found there was “no meaningful difference” among them.

“Gluten free”


What the label implies:In 2013, the FDA established a criteria for “gluten free” labels that requires that they have a gluten content of less than 20 parts per million, the lowest amount that can be reliably detected in foods. Gluten is the protein composite in wheat, barley, and other grains and is what gives bread its chewiness.

The low-down: Unless you’re among the 1% of Americans who actually have celiac disease, a genetic, autoimmune disorder that causes people who eat gluten to experience damage to their small intestine, you don’t need to pay any attention to these labels.

“Made with whole grains”


What the label implies: According to the nonprofit Whole Grains Council, whole grains refers to those that contain “all the naturally-occurring nutrients of the entire grain seed in their original proportions” (i.e.: the stuff that helps us digest and keeps us feeling full).

The low-down: While the FDA’s guidelines “recommend” that foods only carry the “whole grain” label when all of its flour is whole grain, there’s little to no penalty for products that don’t follow these guidelines.

How Hustling Like Beyoncé Can Make You a Better Entrepreneur

You may not immediately think of the queen “B” when you’re seeking a business role model, but maybe you should.

We’ve watched this global icon rise from a girl band to become her own established brand. Through relationship networking, co-sponsorships, powerful storytelling and audience reach, Bey has positioned herself to be an enterprise to follow.

Here are few things you could learn about entrepreneurship, straight from Beyoncé’s playbook. (Click here to tweet this list.)

1. She believes she will succeed

According to Entrepreneur, there are seven key traits to successful entrepreneurism. Tenacity tops the list.

Though she’s become an iconic part of the music industry, Beyoncé’s journey to the top was not without its demands on her or her family, who are famously involved in her career. In a 2011 interview with CNN’s Piers Morgan, she shared how her upbringing has helped keep her eye on the proverbial prize: “I grew up with a family that was successful, but not born successful. I believe with hard work and with a goal and love and positivity, then eventually we’re going to be fine.”

2. She faked it until she made it

One study on personality profiles of entrepreneurs revealed the presence of extroversion is the true indicator of a business owner’s desire “to engage in a range of entrepreneurial activities.” Those entrepreneurial activities include starting a new businesses and being innovative about bringing new ways of doing things into the world.

Like Beyoncé, who has admitted to being introverted outside of the media spotlight, you can embrace the aspects of your personality that suit entrepreneurism – while faking the rest until you feel more comfortable in your entrepreneurial skin.

Knowing she had to continue to present the ladylike image that was a key aspect of her early marketability, according to the Washington Post, Beyoncé channeled her alter ego “Sasha Fierce” to experiment with the more sexually charged music and ideas fans did not yet know her for. Once she knew she no longer needed to play that role and could instead embrace both parts of her personality in front of fans, she reportedly put the alter ego to rest.

3. She has a brand vision

Whether you want to call it a mission statement or elevator pitch, every entrepreneur needs a guiding purpose behind his or her endeavor that is so clear, it can be summed up in just a few words.

Regardless of whether she’s Beyoncé the mom, Beyoncé the collaborator, Beyoncé the wife or Beyoncé the entertainer, she knows her message. “I definitely feel that it is my job to empower women,” Knowles told Morgan in the CNN interview.

4. She takes time to appreciate her success

Soon before she announced that she was pregnant, Knowles made a conscious decision to slow down for the basic pleasures of life, like picking her nephew up from school. “I learned the importance of taking time for myself; I was moving around so much that I had no idea that I really have 16 Grammys. I got up and accepted my awards, but I didn’t realize what an amazing accomplishment that was,” said Knowles in the Morgan interview.

5. She controls her public image

She may be married to hip hop mogul Jay-Z, but little is known about Beyoncé’s personal life beyond what the power pair chooses to divulge. Similarly, every interaction, decision and communication associated with your brand should positively reflect on who you are as a businessperson.

“Jay and I have kind of made a decision that we want to be known for our music and not our relationships or scandals,” Knowles told Morgan.

6. She takes risks

Beyoncé entered the spotlight as the lead singer of the pop group Destiny’s Child, but by taking risks like playing the role of the iconic songstress and heroin addict Etta James in the movie “Cadillac Records,” Knowles learned she had passions beyond music that were worth exploring.

“It made me a lot braver, and to have the freedom to kind of let go of all ego and not care about what I look like or fitting into a pop star box. It was really liberating to me,” said Knowles in the Morgan interview.

Though being an entrepreneur can feel like a solo endeavor, emulating the “best practices” of other like-minded business owners – even those in industries far removed from your own – can help you navigate the uncertainty with more confidence.

By taking a cue from Beyoncé, an entrepreneur who has become a household name despite being in the mainstream spotlight for less than two decades, you may learn some new ways to be a better business owner.

Kristen Gramigna is Chief Marketing Officer for BluePay, a leading payment gateway provider for small businesses. She has more than 15 years experience in the bankcard industry in direct sales, sales management and marketing.

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The post How Hustling Like Beyoncé Can Make You a Better Entrepreneur appeared first on Brazen Life.

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Is Your Personality a Fit For Your Career?

By Ryan Mack

I remember my second year in college, and about my third intended major change, my dad asked me if any of my advisers had given me a copy of the book, What Color is Your Parachute (a.k.a…the job-hunter’s bible).

I remember thinking at the time how stupid that sounded. All I was interested in was finding a major that wasn’t too difficult, didn’t interrupt my “extracurricular” activities, and provided me with a good salary after graduation.

It wasn’t until many years later – in one of many unhappy jobs – that I realized the value of the book. Sure, employability and salary potential are important in your career search – but even more so is finding a position that is a true fit for your passions, interest, and personality.

Choosing a career that is not a fit for your personality is likely to leave you feeling unhappy and apathetic. If you don’t know yourself as well as you’d like to, there are a variety of personality assessment tests such as Myers-Briggs available to help you identify your personality type. Assessments like the Myers Briggs can help you to determine what careers are a good fit for your personality type. If you aren’t into assessments and feel you have a good understanding of yourself already, resources like the U.S. News Best Careers guide offers six general types of people and the types of jobs most likely to suit them.

If you are like most job seekers, chances are you have already completed as much education as you would like to for the foreseeable future – and have already started down what you may feel is a path of no return.

Rest assured, this is not the case. If you feel like I did, and have been in one unhappy job after another, chances are your personality is not best suited for your current line of work. Much like the trend of multiple marriages, these days people are finding themselves with multiple careers.

Perhaps your interests have changed or you have had a family or your lifestyle has changed. Maybe even your personality has changed. Whatever the case, the following three steps can help you make a career change before landing in another position that drains your spirit and your desire to succeed.

1. Know thyself. Socrates said it best. If you want to find a career that is motivating, inspiring, and moves you to succeed, you have to know what careers are best for your personality, personal life, and talents. Using resources such as What Color is Your Parachute or an online app can help you determine where to start your search.

2. Research, research, research. Once you have a better idea of your options, you can begin to research those that may actually be a fit. Chances are, greater than not, your career change will require additional education, experience, or training. Be sure you have a firm understanding of your potential profession and whether it is projected to grow. The Department of Labor’s Occupational Outlook Handbook is a good tool for anticipated earnings, job details, and employment outlook.

3. Gradual or radical. Once you’ve determined what careers are a better fit for you, plan your approach. Because some careers may require additional education, training or certifications, you may need to make a more gradual approach finding a job where you can gain relevant experience while pursuing the required education. A more radical, but safe approach may be to find opportunities with your current employer to change your career trajectory. Either way, making a big career change for the betterment of yourself in the long run, is worth the time and effort.

What led you to realize your personality wasn’t a match for your career?

Ryan Mack is a partner at TruYuu, an online service that helps people present themselves as more than just a resume to employers. You can connect with Ryan and the TruYuu team on Facebook and Twitter.

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Which MLB Players Banking $20 Million Are Worth Their Salaries?

By Kiran Dhillon

20 Major League Baseball players will make $20 million this season.

That’s a colossal salary for even the best athletes, so it’s reasonable to expect (their managers certainly must) that the best-paid players hit it out of the park, literally and figuratively, every game.

But they don’t.

Research engine FindTheBest calculated which players are earning their salaries (and which aren’t) by measuring their Wins Above Replacement (WAR), a statistic that measures a player’s worth in terms of the number of wins they contribute to the team’s record.

For a quick view of which players with $20 million salaries are performing best and which are performing worst, see the scatterplot below. Each dot represents an individual player, with the stronger players on the right, and the weaker ones on the left.

For a more detailed breakdown by player, see the list below. Green means the player is an asset to their team (WAR 1 to 4), yellow means they’re an average performer (.0 to .9), and red means they might do less damage sitting on the bench than up at bat (.-1 to -1.5 to).

Note that seven players who make $20 million (Zack Greinke, Matt Cain, Cole Hamels, Justin Verlander, Cliff Lee, Felix Hernandez, and CC Sabathia) are pitchers. Since many pitchers aren’t strong hitters, and FindTheBest measured offesnsive WAR-a stat to measure offensive worth-they’ve been excluded from the list.

#1 Robinson Cano, Seattle Mariners

WAR: 3.57

Salary: $24 million

Position: Second baseman

#2 Miguel Cabrera, Detroit Tigers

WAR: 2.85

Salary: $22 million

Position: First baseman

#3 Albert Pujols, Los Angeles Angels

WAR: 2.44

Salary: $23 million

Position: First baseman

#4 Jacoby Ellsbury, New York Yankees

WAR: 2.41

Salary: $21 million

Position: Center fielder

#5 David Wright, New York Mets

WAR: 2.24

Salary: $20 million

Position: Third baseman

#6 Jayson Werth, Washington Nationals

WAR: 2.04

Salary: $20 million

Position: Right fielder

#7 Adrian Gonzalez, Los Angeles Dodgers

WAR: 1.3

Salary: $21 million

Position: First baseman

#8 Mark Teixeira, New York Yankees

WAR: 1.06

Salary: $22.5 million

Position: First baseman

#9 Joe Mauer, Minnesota Twins

WAR: .66

Salary: $23 million

Position: First baseman

#10 Carl Crawford, Los Angeles Dodgers

WAR: .28

Salary: $20 million

Position: Left fielder

#11 Prince Fielder, Texas Rangers

WAR: -.27

Salary: $24 million

Position: First baseman

#12 Ryan Howard, Philadelphia Phillies

WAR: -.47

Salary: $25 million

Position: First baseman

#13 Matt Kemp, Los Angeles Dodgers

WAR: -1.37

Salary: $21 million

Position: Left fielder