Source: ZeroHedge, Jun 2019
Bushy-tailed and bright-eyed, the average Generation Z undergraduate expects to make $57,964 one year out of college, while the national median salary is $47,000 for recent grads with bachelor degrees who have between zero and five years of on-the-job experience,” Clever writes, concluding that many students have “seriously unrealistic” expectations for their early career salaries.
Source: Investopedia, Mar 2015
The McKinsey Global Institute also suggested that retail banking, life insurance, and property and causality insurance make up approximately 60% of total financial services sector sales. It can be extrapolated from that estimate that the total revenue of the global financial services sector in 2011 was roughly $11 trillion.
To figure out what percentage of the global economy that $11 trillion represents, a total estimate of global GDP is required. The International Monetary Fund(IMF) estimated that the total global economy was worth $77.6 trillion in 2014. If global financial services kept up its 6% growth rate for the years between 2012-2014, then its 2014 figure would be $13.1 trillion.
Using these 2014 figures and calculations, the financial services sector comprises about 16.9% of the global economy, as measured in GDP. Further data from the IMF shows that the total service economy makes up about 60-65% of total global revenue. If the OECD‘s suggestion that financial services are between 20% and 30% of the total service market, then financial services would comprise between 12% and 19.5% of the total global economy.,
Closeup of table’s offerings
Source: Farnham Street, Mar 2019
Persistence in the face of defeat often makes the difference in outcome.
Ask any farmer, and they will tell you that orphaned Guernsey calves die. It’s not the fact that they die, so much as how it happens, that stays in the mind. An orphaned calf soon gets so hungry she picks a new mother from the herd. The cow promptly kicks the strange calf away. After all, she didn’t give birth to the calf—why should she feed it? The Guernsey calf gives up, lies down, and slowly starves to death.
The orphaned Brahman calf gets a different result. The same scenario plays out, with the calf being kicked out by the reluctant mother. However, in this case, the naturally persistent calf keeps coming, until the potential new mother acquiesces out of exhaustion. As a result of this persistence, the calf survives.
Persistence is hard. It’s hard to get kicked in the face and to keep going. It hits at your self-esteem. You begin to wonder if you have value. You begin to think you might be crazy.
Cow pictures source: http://www.thecattlesite.com/breeds/beef/67/brahman/
Source: Quanta, Jan 2015
The mismatch between soccer balls, saddles and sheets of paper lies in their “intrinsic” curvature, a property of surfaces known to mathematicians for centuries that no amount of folding can change. Scientists have sought a bridge across the divide — a systematic way of imbuing flat surfaces with curvature, which they say could revolutionize the design and assembly of three-dimensional structures and help extend a major theorem of geometry.
Reporting their work in December in Physical Review Letters, the physicists present a basic set of rules for cutting and reconnecting a piece of paper in order to add curvature to one point in its surface while subtracting it from another, maintaining the paper’s overall flatness while forcing it to bend into the third dimension.
“It’s a way of encoding three-dimensionality in a two-dimensional structure,” said Randall Kamien, a professor of physics at Penn who heads the research group behind the result. “The whole thing will just pop up all by itself.”
The new work essentially provides a rule book for a restricted version of kirigami, a less famous cousin of origami, the ancient Japanese art of paper folding. Origami approximates curved surfaces through folding, which changes paper’s “extrinsic” curvature in space. But through a combination of folds and cuts, kirigami artists produce Escheresque stairways, domed cathedrals and undulating water waves by embedding curvature directly into paper. Kamien and his team have shown that even their restricted kirigami, in which cuts and folds must preserve the spacing of a honeycomb lattice on the paper’s surface, allows the construction of a virtually unlimited range of 3-D structures.
The rule book turns kirigami into a new and efficient approach for designing 3-D structures, researchers said. Whereas building objects with origami requires intricate folding, construction in kirigami is simply a matter of closing the holes that have been pre-cut in paper or any other flat material. “Just by printing holes onto something, you control how you pop it up,” Santangelo said.