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The latest news from Business Insider

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    Condoleezza Rice

    • The Cleveland Browns want to interview former Secretary of State Condoleezza Rice for their head-coaching job, according to Adam Schefter of ESPN.
    • Rice is a lifelong Browns fan, and there is a lot of admiration for Rice inside the Browns organization.
    • It is unclear if Rice would be interested in interviewing for the position or if the Browns would even hire her, but they want to see what she could bring to the organization.
    • That Rice is being considered for the job shows that the NFL head coaching position is destined to evolve into something that is more akin to a CEO — with less focus on actual coaching and in favor of running the organization with big-picture decisions.

    The Cleveland Browns want to interview Condoleezza Rice to be their next head coach, according to Adam Schefter of ESPN.

    "Browns general manager John Dorsey said last week that he was opening to hiring a woman as Cleveland's next head coach, and there is one prominent name on the team's wish list to interview," Schefter wrote. "The Browns would like to interview former Secretary of State Condoleezza Rice for their head-coaching job, a league source tells ESPN."

    Condoleezza RiceRice is a lifelong Browns fan, and according to Schefter, there is a lot of admiration for her within the Browns' organization.

    It is unknown if Rice would want to interview or if the Browns would even hire her for the job. However, according to Schefter, the Browns would like to speak with her about what she could bring to the position and the organization. The interview could also lead to a different role with the team.

    While the report was met with skepticism and laughs of "it's just the Browns being the Browns," the move may not be as crazy as it sounds if you consider that the job of "head coach" in the NFL is evolving and at some point, it will look nothing like the position with which we are all familiar.

    In the not-too-distant future, NFL head coaches will be less like coaches and more like CEOs. Likely, teams will hire people — possibly under the title of "President of Football Operations"— to make all the crucial decisions, deal with the media and the public, and leave 95% of the actual coaching to the coordinators and position coaches.

    The position of "head coach" would essentially cease to exist.

    Theo Epstein

    To a certain extent, we have already seen this in Major League Baseball, where people like Andrew Friedman of the Los Angeles Dodgers and Theo Epstein of the Chicago Cubs put the teams together and predetermine most of the managerial decisions before a game has even started even though neither is ever in the dugout. The difference in those cases is that a manager is still the public face of the team.

    We have also seen something similar at the college level where coaches like Bobby Bowden and Joe Paterno did little or no actual coaching towards the ends of the careers and were more like figureheads when it came to the actual games.

    Read more:The season is already over for some NFL teams — here are the teams that won't make the playoffs

    In the NFL, the evolution has already begun. Offensive and defensive coordinators typically call plays and run their respective sides of the ball. During practices, position coaches do most of the coaching

    During games, NFL head coaches are often limited to deciding when to go for it on fourth down and yelling at the officials. Most of their job is done off the field, especially for coaches like Bill Belichick of the New England Patriots who are given more control and autonomy over the team and the organization, something that Rice would likely have.

    None of this means Rice, who is a former member of the College Football Playoff selection committee, will ever be an NFL head coach. But that she is a candidate should not come as a surprise as it is just another example of how the job of head coach is changing, and soon, the position we are all familiar with may disappear forever.

    Join the conversation about this story »

    NOW WATCH: Inside an intense training session where aspiring WWE wrestlers learn how to fight

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    Every year, migrants send hundreds of billions of dollars worth of remittances back to friends and family in their home country. And there's a massive industry that facilitates these payments — and has for more than a century. 

    The legacy remittance industry has been long dominated by cash, which requires physical locations where customers can hand over or pick up money. Building out those retail networks is a huge investment. It's left just a few players, called Money Transfer Operators (MTOs), controlling a bulk of the industry. 

    BII Money Transfer Operator Market Share By Channel

    But these companies' comfortable hold on the industry is now being challenged by digital remittance startups. Digital-first remittance companies are competing on fees and usability, and capitalizing on the way people's expectations have changed with the advent of digital and mobile channels.

    In a new report from BI Intelligence, we size the total remittance market, company-specific market share, digital's market share, and digital's growth at major remittance firms. We also assess how disruptive digital startups have been by comparing their fees with market leaders, and by juxtaposing their business models with those of legacy companies. 

    Here are some of the key takeaways:

    • Digital's share of the global remittance industry is still fairly small at 6% — but growth is extremely fast at digital-first startups and legacy companies.
    • Fourteen year-old Xoom makes more revenue from electronic channels than 75 year-old MoneyGram, the second-largest remittance company in the world.
    • Startups are undercutting incumbents' fees in certain corridors; however, legacy firms have matched prices in many major corridors. 
    • Legacy firms' businesses are already responding to the threats posed by digital by lowering fees and adjusting business strategies. However, they face lower margins if they continue to compete with startups on pricing. 

    In full, the report:

    • Sizes the remittance market and calculates major remittance companies' market share. 
    • Estimates digital's share of the market vs. cash. 
    • Quantifies digital's impact at remittance startups and legacy firms.
    • Breaks down the business models employed by each type of remittance company, and determines which ones are in a better position for growth. 
    • Compares transfer fees in various corridors to assess the competitiveness of each firm. 
    • Explores other platforms that could completely upend the industry from the outside.
    • Determines how legacy remittance companies will fare in the digital age – the answer may surprise you.  

    Interested in getting the full report? Here are two ways to access it:

    1. Subscribe to an All-Access pass to BI Intelligence and gain immediate access to this report and over 100 other expertly researched reports. As an added bonus, you'll also gain access to all future reports and daily newsletters to ensure you stay ahead of the curve and benefit personally and professionally. >>Learn More Now
    2. Purchase & download the full report from our research store. >> Purchase & Download Now

    Join the conversation about this story »

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    Helium Health

    Healthcare is not an easy field to break into as an entrepreneur. Beyond the operations of business, a grasp on complex science and tech is also needed. 

    This year's spotlighted members of Forbes' 30 under 30 list for healthcare is diverse in both interests and in age. The youngest entrepreneur clocks in at only 18. 

    Business Insider asked these healthcare superstars what advice they would have wanted to hear when they were first starting out. Here's what a few of them told us. 

    SEE ALSO: A medical diagnostics startup that wants to use CRISPR technology to detect diseases raised $23 million in venture funding

    Megan Blewett, 29, is an associate at Venrock

    Blewett joined healthcare and tech venture firm Venrock firm in 2017, and her areas of focus are biotech and pharmaceutical investments. Prior to joining the firm, she completed her chemistry PhD at The Scripps Research Institute. Blewett is especially intrigued by the opportunity to use new tools like CRISPR for basic research and tackling disease. 

    Blewett was also profiled in Business Insider's under 40 silicon valley biotech venture capitalists list

    The advice I’d like to share is actually a line my dad would tell me growing up. He would say, “If you want to be great at something, you have to do three things: find your mentors, find your peers, and then do more of that thing than anyone else.” Many years later, I still think that is some of the best advice I’ve ever gotten. With most any career, you need a great coach, great teammates, and then you need to work really hard. 

    Inmaculada Hernandez, 28, is an assistant professor of pharmacy and therapeutics at the University of Pittsburgh's school of pharmacy

    Hernandez was appointed as a professor when she was 25, and has since conducted and published numerous research studies in various areas relating to the operations of the pharmaceutical industry. 

    A recently published study in the Annuals of Internal Medicine that she was first author on found that from 2015 to 2016, manufacturers increased their prices on drugs under shortage almost double the expected rate in absence of a shortage.

    My advice is to work hard, be constant, think critically, speak up, and fight the good fight. For an idea or a project to hit it off, it has to have some sort of crazy—otherwise it would be to conventional and hence probably already explored. Tolerance to frustration is highly important as well—I work in science and the norm is to be rejected. The key to success is then to not give up and keep trying.

    I love this part of Steve Job’s speech at Stanford: “you can't connect the dots looking forward; you can only connect them looking backwards. So you have to trust that the dots will somehow connect in your future.” This is probably not what he meant by this, but my interpretation is that you can’t figure out upfront the results of your hard work. You need to give it all every day, because in the long term, you realize how all of those efforts that may have appeared to be in vain were actually necessary to achieve the outcome. In other words, you need to trust that your hard work will pay off in the future, because it does. And you need to put those hours.

    Adegoke Olubusi, 25, is a co-founder of Helium Health

    Helium Health wants to be the all-in-one electronic medical record for hospitals across West Africa. The system is currently being used by 5,000 doctors and it has raised $2 million in funding. 

    Before creating Helium, Olubusi was a tech analyst at Goldman Sachs. His advice for young entrepreneurs is to carefully chart their startup trajectory before jumping in. 

    There’s a fine line between a for-profit enterprise in healthcare and a non-profit and it’s important to define clearly where your business falls in the two categories. In healthcare, particularly in emerging markets, it’s very easy to slide from one to the other and this has huge impact on the course of your startup.

    See the rest of the story at Business Insider

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    no.3   Solar Egg by Bigert & Bergström for Riksbyggen

    In obvious news: the world is a big place. This means deciding where to go on your next trip can be difficult. Where do you start?

    Sure, there are endless travel guides out there, but what if you don't even know what country you want to visit?

    Well, search no further. In what is essentially a travel guide to the world, Time Out has released its list of the 50 best things to do across the whole of planet Earth.

    The "DO List" is based on over 5,000 recommendations in 400 destinations, curated by Time Out's global professional network of local, expert editors, as well as a survey of 15,000 urbanites around the world.  

    From a "House of Eternal Ruin" in Santa Fe to a rainbow-painted village in Taiwan, scroll down to see the 50 things to add to your bucket list in 2018, ranked in ascending order.

    50. VR Park — Dubai, UAE

    Visit the world’s largest VR adventure land, where even the smells and temperatures are designed to be part of the experience.

    49. Zhangjiajie Grand Canyon Glass Bridge — Wulingyuan, China

    Experience the world's highest bungee jump off China's Zhangjiajie Grand Canyon Glass Bridge, which is suspended 300 metres above the ground.

    48. Borough Market — London, UK

    Eat your way around London's most famous food market, where you can pick up artisan cheese, bread, vegetables, game, coffee, and more before refueling at one of the city's best restaurants.

    See the rest of the story at Business Insider

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    Tim Cook iPhone

    • Some of the best new features in Apple's iOS 12 software are hidden.
    • If you ever need to edit text on the iPhone, you're going to love this hidden shortcut. 

    If you've ever needed to fix a typo or edit a paragraph on your iPhone, you're going to love this.

    Editing text on the iPhone is difficult, but there's a handy shortcut that can save you lots of time. 

    Simply long-press on the iPhone's space bar. Then you'll get a cursor you can move anywhere by dragging your finger.

    You kind of have to see it to believe it.

    Check it out:

    This feature was actually first made available for the iPhone 6S, since that was the first phone with "Force Touch" (now "3D Touch"), but iOS 12 makes this functionality available on devices that lack 3D Touch, including older iPhones like the iPhone 5S, and the iPhone XR. It also works on the iPad for the first time too.

    People are starting to discover the pro-tip, and a recent tweet about the shortcut has racked up over 14,000 retweets. 


    SEE ALSO: How to download iOS 12, Apple's big new iPhone update

    Join the conversation about this story »

    NOW WATCH: Jeff Bezos on regulating giant tech companies: 'I expect us to be scrutinized'

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    carlos ghosn

    • Nissan on Monday said it uncovered "significant acts of misconduct" linked to Carlos Ghosn, its chairman.
    • Nissan accused Ghosn and another board member of misrepresenting salaries over many years and Ghosn of using company assets for personal use.
    • The company confirmed that Ghosn was arrested in Tokyo, Japan.
    • Watch Nissan trade live here.

    Nissan is sliding, down as much as 6% on Monday, after Carlos Ghosn, its chairman, was arrested in Japan and faces being removed from his role amid accusations of  "significant acts of misconduct."

    The chairman and the representative director Greg Kelly had been officially reporting lower compensation "in order to reduce the disclosed amount of Carlos Ghosn’s compensation," Nissan said in a statement on Monday.

    "In regards to Ghosn, numerous other significant acts of misconduct have been uncovered, such as personal use of company assets, and Kelly’s deep involvement has also been confirmed," the statement said. 

    The company added that CEO Hiroto Saikawa will propose removals from their respective positions to the board of directors. 

    Earlier Monday, the Japanese newspaper Asahi News reported that Brazil-born Ghosn was to be arrested on suspicion of violating Japan's Financial Instruments and Exchange Act. 

    Ghosn stepped down as CEO of Nissan in 2017. Nissan has been part of the Renault-Nissan-Mitsubishi Alliance since 1999.

    Nissan is down 15.5% this year.

    Callum Burroughs contributed to the story.

    Now read:

    Join the conversation about this story »

    NOW WATCH: The science of why human breasts are so big

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    wealthy woman

    • Some rich Americans are more generous than others.
    • 2016 tax returns indicate that the average person making more than $500,000 in the United Statesdonated just under $74,000.
    • But in states like Alaska and West Virginia, the average rich person donated much less. 

    The charitable spending habits of wealthy Americans vary greatly across the US.

    The average person making over $500,000 in the United States donated just under $74,000, according to 2016 tax returns. 

    But in states like West Virginia, New Jersey, and Alaska, the rich tend to be less giving. The average charitable contribution in West Virginia was $31,314 last year. 

    Using IRS data, Business Insider ranked how charitable giving differs from state to state.

    The IRS publishes data about the number of people who itemize their tax returns every year, and how many people claim which deductions by state and by income bracket.

    To arrive at the rankings, we looked at the people who itemized and made between $500,000 and $1 million, and more than $1 million in the year 2016 (the most recent one for which we have data). We looked at how many claimed the itemized deduction for charitable giving. The IRS also indicates how much money was claimed to be donated. Using that information, we could figure out the average claimed donation per $500,000+ income tax return per state.

    See where the least charitable rich in America live:

    SEE ALSO: The top 26 states where rich people give away the most money

    DON'T MISS: Tim Cook is worth $625 million and leads a $1 trillion company — but he reportedly buys discounted underwear and wants to give his money away after paying for his nephew's tuition

    25. South Carolina

    Average annual charitable contribution:$61,537.53

    Percentage of people making $500,000+ a year who donate: 97%

    24. Mississippi

    Average annual charitable contribution:$60,325.82

    Percentage of people making $500,000+ a year who donate: 95%

    23. Indiana

    Average annual charitable contribution:$59,789.05

    Percentage of people making $500,000+ a year who donate: 96%

    See the rest of the story at Business Insider

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    w london dishes

    • A London chef has launched a seven-course tasting menu inspired by his childhood.
    • It includes a "granola" served in a Corn Flakes box and cereal bowl, "egg n soldiers," and a take on fish and chips.
    • The menu is available at The Perception at the W London Hotel until the end of February for £49 ($63).

    A London chef has launched a seven-course tasting menu inspired by childhood memories — and it involves a dish served in a Corn Flakes box.

    27-year-old Ben Murphy, who is currently Head Chef at Kensington’s Launceston Place and has trained in Michelin-starred kitchens, created the menu as part of W London's Dining Series.

    Priced at £49 ($63), the meal takes guests "on an exciting journey through his childhood memories, where every dish is designed to surprise and humour even the most experienced palates"— and they're all pretty Instagrammable.

    Read more:I met the best chef in the world — and the story behind his most iconic dish is surprisingly relatable

    The menu only gives away three ingredients per dish, so diners are kept guessing — but the hotel shared the full menu with INSIDER.

    The meal kicks off with an amuse-bouche, "egg n soldiers," which combines "foie gras royale and a creamy scrambled egg mousse."

    W London   Ben Murphy   Egg & Soldiers.JPG

    Next up is the chicken liver parfait with blood orange and crispy chicken skin granola, served in a bowl like cereal.

    corn flakes

    The third dish is pickled beetroot served with a hearty braised oxtail and lemon thyme consommé, inspired by Murphy's memories of eating oxtail soup in bed when he was sick.

    beet rose

    The next course is a take on fish and chips using charred hake, Jerusalem artichoke, and a vanilla reduction...

    Ben Murphy W Dining Series 4 well as venison served with Pont Neuf potatoes, spiced pine, and roasted parsnips.


    For dessert, diners can expect "Ben's Pear" served with timur and a hazelnut crumb — a homage to Murphy's nana's pear crumble...

    pear dessert.JPG well as "Choc Ice," served with a honey and milk mousse and blackberry gel.

    choc ice

    According to the W London, the menu aims to "transform the stuffy and overly-formal connotations often associated with a gastronomic set menu."

    "Bringing together a selection of my childhood memories and my sense of humour whilst using a range of cutting-edge cooking techniques has been immense fun," Murphy said.

    ben murphy

    The £49 menu will be served in the W Hotel London's bar and lounge, The Perception, from 5 p.m. to 11 p.m. until the end of February 2019, with a smaller two-course theatre menu available for £17.50 ($22.50) from 5 p.m. to 7 p.m. during the festive period.

    The menu is the latest in W London's Dinner Series, which, since launching in 2017 to coincide with the launch of the hotel's new bar and lounge, has involved a bespoke menu by Australian-born chef Magnus Reid and a 100% vegan menu from Ravinder Bhogal.

    Read more:I drank at the best bar in the world, and I was surprised by one thing

    Join the conversation about this story »

    NOW WATCH: Why you shouldn't be afraid to fly, according to a pilot with over 20 years of experience

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    game of thrones

    • US cannabis companies are going public and pursuing large acquisitions worth hundreds of millions in a race to scale up and capture what some Wall Street analysts say could be a $75 billion market
    • But there is a threat on the horizon: the biggest publicly-traded Canadian cannabis companies are shoring up their balance sheets to enter the US market, if, or when, federal law changes.
    • All signs point to war.

    There's a war brewing in the cannabis industry. 

    US cannabis companies are going public and pursuing large acquisitions worth hundreds of millions almost every day, in a race to scale up to capture what some Wall Street analysts say could be a $75 billion market in the US alone.

    But there is a threat on the horizon: the biggest publicly-traded Canadian cannabis companies, many of which reported earnings last week, are shoring up their balance sheets to enter the US market — and they're not planning on taking any prisoners. 

    Take a look at all the activity:

    • Acreage Holdings, a US cannabis company that counts former Republican Speaker of the House John Boehner (among other notable former politicians) on its board, last Thursday, began trading on the Canadian Securities Exchange (CSE), after completing a reverse merger with Applied Inventions Management Corp. 
    • Green Growth Brands, an Ohio-based cannabis retailer backed by the billionaire Schottenstein family, began trading on the CSE last Tuesday after completing a reverse merger with Xanthic Biopharma.
    • Green Thumb Industries (GTI), an Illinois-based cannabis retailer, closed a $290 million acquisition of three dispensary licenses and two cultivation facilities in Nevada last Tuesday.

    Many cannabis CEOs and investors point to the midterms as a sign that the federal government, spurred by the firing of former Attorney General Jeff Sessions and a new, Democratic-led House, will start to ease federal restrictions on US cannabis companies.

    If the federal government legalizes cannabis in the US — or if the Farm Bill passes, which would effectively legalize hemp products in the US — then it will be open season for both US and Canadian firms to rush into the market.

    Two types of cannabis companies are gearing up for an epic showdown

    There are two buckets of publicly-traded cannabis companies: those that operate entirely in the US, known as multistate operators (MSOs), and those that are based in Canada, known as licensed producers (LPs). 

    In the US, multistate operators, like Acreage Holdings and GTI, operate retail cannabis dispensaries in states where the drug is legal.

    Because cannabis is considered an illegal, Schedule I drug by the federal government, major exchanges like the New York Stock Exchange and the NASDAQ won't list companies that operate in the US. In order to tap into public markets, and generate the currency needed to pursue acquisitions, these companies mostly go public on the CSE by merging with companies that are already publicly-traded.

    These reverse mergers have fueled an M&A boom as cannabis companies wield their stock in the race to build out their footprints — and create a moat around their business for when the northern invaders come. 

    Read more:Marijuana companies are using a 'backdoor' strategy to tap the public markets — and it's fueling an M&A boom

    In the other bucket are the big Canadian growers, like Tilray and Canopy Growth. Cannabis is federally legal in Canada, so these companies are able to list major stock exchanges like the TSX, NYSE, and the NASDAQ, giving them access to lots of liquidity.


    Both Canadian and US cannabis companies are raring to go once the US market opens up 

    US cannabis companies operate in "open defiance of federal law," creating an unsustainable long-term situation, said John Vardaman, a former Department of Justice attorney who's now the general counsel at Hypur, a fintech startup that serves the cannabis industry

    For that reason, Vardaman expects Congress to pass the bipartisan States Act, which would protect cannabis businesses from federal interference. 

    And if the States Act passes, Canadian LP's signaled they would be ready to pounce.

    Cam Battley, the chief corporate officer of Aurora, a Canadian LP, said his firm was ready to move into the US once federal laws change.

    "You're seeing the American system really move quickly now," Battley said on the company's earnings call last week, referring to Michigan legalizing cannabis, and states across the populous East Coast weighing cannabis reform legislation. "My lips are wet, my mouth is watering to get a piece of that."

    "Companies such as ours would deploy massive amounts of capital in one single location or two single locations in one or two states and quickly move that product from state to state," Brendan Kennedy, the CEO of Tilray, the largest cannabis company in the world by market cap, said on the firm's earnings call last week.

    This, said Kennedy, would give Canadian companies like Tilray a distinct advantage over US companies because they're already publicly-traded on major US exchanges, with deep balance sheets and access to a network of institutional investors. 

    Meanwhile, US cannabis companies aren't able to ship product between states — even if both states have legalized cannabis. This ends up creating 33 individual state markets, making it difficult and expensive to streamline operations if cannabis becomes federally legal. 

    US cannabis firms are then put at a "distinct disadvantage" because their operations will be spread out around multiple states and they won't be able to scale as quickly, Kennedy said. 

    US cannabis companies aren't backing down, however.

    Murphy, Acreage Holdings' CEO, said his newly public company has a "balance sheet to match any balance sheet" when asked about whether he's worried about competition from the Canadian players. 

    While Murphy said all cannabis companies will benefit from changing legislation, he said he's "angling to be in first place."

    "And second place for us is the first loser," Murphy said. 

    Read more:

    SEE ALSO: Marijuana companies are using a 'backdoor' strategy to tap the public markets — and it's fueling an M&A boom

    AND MORE: A competitor is emerging to challenge the marijuana retail chain dominating the industry, and it just closed a $640 million acquisition

    Join the conversation about this story »

    NOW WATCH: 7 places you can't find on Google Maps

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    Acting Attorney General Matthew G. Whitaker

    • Several top Democratic senators on Monday filed a lawsuit against President Donald Trump in a federal court in Washington, DC, over the appointment of acting Attorney General Matthew Whitaker. 
    • The senators – Richard Blumenthal, Sheldon Whitehouse, and Mazie Hirono – alleged Trump violated the Constitution in his appointment of Whitaker, given the Senate was never consulted.
    • The senators said, "If allowed to stand, Mr. Whitaker’s appointment would create a road map for the evasion of the constitutionally prescribed Senate advice-and-consent role."

    Several top Democratic senators on Monday filed a lawsuit against President Donald Trump in a federal court in Washington, DC, over the appointment of acting Attorney General Matthew Whitaker. 

    The senators – Richard Blumenthal, Sheldon Whitehouse, and Mazie Hirono – alleged Trump violated the Constitution in his appointment of Whitaker given the Senate was never consulted, and have sued to block him from serving as acting attorney general. 

    Prior to being elevated by Trump to the role of acting attorney general, Whitaker was chief of staff for former Attorney General Jeff Sessions, which is a position that does not require the advice and consent of the Senate. 

    The senators who filed the lawsuit take issue with this, in the sense Whitaker was effectively granted the powers of the office of attorney general without Congress having any say in the matter. 

    "The constitutional requirement that principal federal Officers be appointed only with the Senate's 'Advice and Consent'... was adopted by our nation’s Founders as an important check on the power of the President," the lawsuit states. "The US Senate has not consented to Mr. Whitaker serving in any office within the federal government, let alone the highest office of the DOJ."

    The senators added, "If allowed to stand, Mr. Whitaker’s appointment would create a road map for the evasion of the constitutionally prescribed Senate advice-and-consent role."

    There are widespread concerns Trump only appointed Whitaker to undermine special counsel Robert Mueller's investigation into Russian election interference. Whitaker has publicly criticized the scope of the investigation, which Trump frequently refers to as a "witch hunt." 

    Whitaker's appointment came under controversial circumstances given Sessions was asked by Trump to resign, and his departure was announced just one day after the 2018 midterm elections. Trump had long criticized Sessions for recusing himself from the Russia investigation, but there are now calls for Whitaker to recuse himself as well.

    Read more: In a 'self-defeating and self-incriminating' slipup, Trump just indicated he installed Matthew Whitaker to kill the Russia probe

    In a recent interview with The Daily Caller, Trump appeared to suggest he tapped Whitaker to be acting attorney general to kill the probe into Russian election interference. 

    "As far as I'm concerned, this is an investigation that should have never been brought," Trump told The Daily Caller. "It should have never been had ... It's an illegal investigation."

    He then added: "And you know, it's very interesting because when you talk about not Senate confirmed, [the special counsel Robert Mueller] is not Senate confirmed."

    Join the conversation about this story »

    NOW WATCH: The Obamas are worth $40 million — here's how they make and spend their money

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    budweiser millennials beer

    We're seeking nominations for Business Insider's list of the rising stars of Madison Avenue. We want to hear from you.

    Please submit your ideas via this survey.

    These rising stars are shaking things up on Madison Avenue, facing the challenges of modern advertising head-on, and innovating on a daily basis.

    They are pioneers when it comes to developing breakthrough campaigns, figuring out new ways of melding data and marketing, crafting new ways to creatively reach consumers, and generally turning traditional advertising on its head.

    They should be young changemakers who are pushing the envelope at their own agencies, and have the potential to be future leaders in the industry.

    Criteria and methodology

    Each year, Business Insider has put out a call for the 30 most creative people in advertising who are under 30.

    This year, we are reformulating the list — broadening the criteria to include rising talent in departments beyond creative, while also increasing the age limit to 35.

    The ranking will be determined by factors including the nominee's role and responsibilities, the effect the nominee has had on his/her ad agency, and how his or her efforts have impacted agency performance.

    Check out last year's ranking here.

    Again, please submit your nominations here. Please include as much detail as to why each individual deserves to be recognized.

    The deadline for submissions is November 30, 2018.

    Join the conversation about this story »

    NOW WATCH: A sleep expert explains what happens to your body and brain if you don't get enough sleep

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    The Insider Picks team writes about stuff we think you'll like. Business Insider has affiliate partnerships, so we get a share of the revenue from your purchase.

    gymshark long sleeve shirt

    • Gymshark is now running its annual Black Out sale to coincide with Black Friday.
    • The already affordable and hyper-popular gear is up to 70% off while supplies last.
    • The site was knocked offline for eight hours on Black Friday in 2017, though the traffic hasn't downed the site yet in 2018. However, the label's popularity suggests it's best to move fast.
    • To potentially save more on Black Friday and Cyber Monday, you can visit Business Insider Coupons to find up-to-date promo codes for a range of online stores, including Gymshark.

    If you're looking for affordable, figure-flattering performance wear, you're not likely to find a better fit than Gymshark.

    And while supplies last, you can get that extra-affordable Gymshark workout gear for up to 70% off in the site's annual Black Out sale — going on right now. 

    However, as a cautionary reminder, it's good to note that the company is known for site crashes during major sales. People like Gymshark a lot, and they do not like to wait and thereby risk sellouts on already inexpensive gear. While the company has promised improved site capacity, they were knocked offline for eight hours straight on Black Friday in 2017. So far this year, traffic problems have been solved with a few refreshes of the page. 

    Its popularity on Black Friday is not surprising, especially when you consider Gymshark's affordability on an average day — let alone Black Friday. For staples like leggings, shoppers can pay as little as $35 — or $15 during the Black Out sale. At other brands with comparably cult-like followings, the same shoppers might pay closer to $100. 

    gymshark leggings

    Gymshark's most iconic item may be their $38 Flex Leggings (now only $12-$19). They're breathable, flexible, and no-nonsense — the high waistband is compressive and slimming and the seamless construction moves with you effortlessly. But they're also designed with a none-too-subtle hand to be extremely flattering and "bum-contouring." 

    The company also does trends better than competitors. They charge less, and deliver more precisely. For example, the women's $46 Solace Bottoms (now only $14) are essentially high-waisted sweatpants, but they're designed to look like a slimming, body-contouring casual pant rather than your grandmother's shapeless parachute pants. There are concealed pockets, a fitted leg, a seam in the back that prevents unflattering bagging, and they cut off high enough to hit the part of the waist that is pretty much universally flattering. 

    If you want to get something for Black Friday, you should probably act fast. 

    Shop up to 70% off Gymshark today

    Shop the Women's Black Out sale here

    Shop the Men's Black Out sale here

    Looking for more deals? We've rounded up the best Black Friday and Cyber Monday deals on the internet.

    Join the conversation about this story »

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    upside down guys in suits

    • A buy-the-dip mentality became ingrained in investor psyches over a long period, helping the stock market recover from tough times on many occasions.
    • Morgan Stanley says the previously reliable dip-buying strategy has been exhausted by changing market conditions, like a slowing economy and decelerating profit growth.
    • The firm offers alternative trading strategies it says investors should apply instead of continuing to blindly buy the dip.

    For much of the almost 10-year bull market, stock investors got excited during times of weakness. That's because any sort of sell-off provided them with an opportunity to buy more exposure at a discounted price.

    It was a strategy called "buying the dip," and it worked swimmingly for years. That's largely because the market's underlying sentiment was overwhelmingly positive. Traders found comfort in knowing that, after the selling was complete, corporate fundamentals were strong.

    But like all good things, it's come to an end. Now traders are left reassessing a newly uncertain investing landscape — one redefined by higher interest rates and slowing growth.

    According to Morgan Stanley, the dip-buying extravaganza officially came to a screeching halt during the stock market's so-called Red October, which saw a wide range of sectors fail to recoup losses as quickly as they once had.

    The firm points to the chart below to display this dynamic in action. It shows that buying the dip is at its most futile point since 2002.

    11 6 18 buying the dip COTD

    This all fits into Morgan Stanley's long-held view that stocks are currently mired in a "rolling bear market"— or a gradual wave of sharp selling that's infecting the market one segment at a time.

    "Our view is that the market is sniffing out an earnings recession and a sharp deceleration in economic growth," Mike Wilson, the firm's chief US equity strategist, wrote in a recent note. "The market is speaking loudly that bad news is coming."

    Morgan Stanley does note, however, that the rolling bear market it's been decrying for months is actually pretty close to being exhausted, at least from a valuation perspective. But Wilson warns that doesn't necessarily mean stock losses will suddenly subside.

    "Now, we must wait for the earnings cuts which will dictate how much more downside is to come," he said.

    Given this tricky environment — one that's challenging many established conventions — what's the most prudent next step for investors? Morgan Stanley says to forget buying the dip and try the exact opposite.

    To Wilson, that means selling any rallies that transpire going forward and being careful about entering any new long positions.

    He points out that while bull markets usually create traps where strong-performing companies look poised for a reversal that never comes, bear markets feature the inverse — weak firms that appear spring-loaded for a rally that never transpires. That makes it even more important to make fully educated stock picks.

    "Until we see buying the dip rewarded or earnings for next year reduced to a level that is achievable, we recommend trading like it's a bear market rather than a bull," said Wilson. "If it looks like a bear and trades like a bear, then stop trading it like a bull."

    SEE ALSO: The market is at extreme risk of a 'flash crash' — here's what could send it over the edge and trigger the next big meltdown

    Join the conversation about this story »

    NOW WATCH: Valedictorians rarely become rich and famous — here's why the average millionaire's college GPA is 2.9

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    • Retail isn't dying — it's changing. 2019 is set to bring more exciting changes to the industry.
    • Digitally native brands are dipping their toes into brick-and-mortar retail while some legacy brands are being forced to adapt or die. 
    • These will be some of the most exciting brands to watch in 2019.  

    Retail isn't dying — it's evolving. And 2019 is set to bring more exciting changes to the industry.

    Some of the nation's most established brands have been faced with the fact that they either have to adapt or die, while some are being forced to take lessons from trendy young startups that have swooped in and redefined the way we shop.

    Younger brands that often started out online are also dipping their toes into brick-and-mortar retail.

    From Outdoor Voices and Vans to ThirdLove and Glossier, these will be some of the most exciting brands to watch in 2019:

    SEE ALSO: We tested the futuristic $349 oven that some say could replace every cooking appliance that you own, and we were blown away by it

    Outdoor Voices

    Hot athletic wear brand Outdoor Voices is on a mission to become the world's No. 1 athletics brand, overtaking more established brands like Lululemon and Under Armour.

    In just under five years, 30-year-old founder Tyler Haney has built the brand from being an e-commerce-only platform to now having eight permanent stores in the United States. 

    Earlier this year, the company raised $34 million in funding, bringing its total raised to $56.5 million. At the time, it said it would use the additional funding to grow its store count. Three more locations are slated to open this fall and we can expect to see it spreading its reach throughout 2019.

    Savage X Fenty

    Rihanna's underwear brand Savage X Fenty made headlines in September for its racy runway show that featured models of all shapes, sizes, and ethnic backgrounds, including two pregnant women. The brand was praised on social media for celebrating diversity.  

    As Victoria's Secret continues to come under pressure and has been accused of having a lack of inclusivity in its campaigns, more body-positive brands such as Savage X Fenty are likely to take market share in 2019.  




    It's been an active year for online lingerie startup Lively, which made its first foray into brick and mortar in July, opening a pop-up store in New York's Soho area. 

    A spokesperson for the brand said that the company is eyeing Dallas for its new permanent store after running a pop-up location there.  

    In August, Lively announced that it would be partnering with Nordstrom to bring its products to some of its department stores and onto its website. The company is now looking to expand this partnership.

    "Our Nordstrom partnership exceeded our expectations. For 2019, we're hoping to make it bigger, better and broader," a spokesperson told Business Insider in November. 

    See the rest of the story at Business Insider

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    Traders work on the floor of the New York Stock Exchange shortly after the opening bell in New York, U.S., February 15, 2018.  REUTERS/Lucas Jackson/File Photo

    Stocks fell Monday, dragged lower by mega-cap technology companies, as Wall Street worried about global growth and trade tensions amid a quiet week for economic data.

    The tech-heavy Nasdaq 100 index plummeted more than 2.5%. It's currently on pace for it's lowest close since the beginning of May, having fallen almost 13% since reaching a record on Aug. 29.

    Meanwhile, the S&P 500 fell 1.3% and the Dow Jones Industrial Average shed 1.3%, or more than 300 points.

    Apple dropped more than 3% after the Wall Street Journal reported the company slashed production orders in recent weeks for all three of its new iPhones unveiled in September.

    iPhone suppliers, including Lumentum Holdings Inc. (-5.6%) and Universal Display Corp (-2.6%), were also hit amid worries about faltering demand. Shares of the world’s biggest technology company are down more than 10% this month.

    Other FAANG stocks took a beating, with Amazon down more than 3.5% and Netflix about 4.5% lower. Facebook shed 4.6%, and Google-parent company Alphabet fell 2.5%. 

    Semiconductor companies extended sharp declines from last week when Nvidia (-8%) posted revenue and guidance that missed analyst expectations. Advanced Micro Devices (-4.7%), Cypress (3%) and NXP Semiconductors (1.5%) were among losers in the sector.

    Trade tensions continued to weigh on global markets after the US and China clashed at a summit in Papua New Guinea over the weekend, blocking a declaration at the annual Asia Pacific Economic Cooperation for the first time in nearly three decades. President Donald Trump and Chinese leader Xi Jinping are expected to meet at a G20 gathering in Argentina on Nov. 30 and Dec. 1.

    “Comments on US-China trade tensions are likely to remain in focus this week ahead of the G20 Summit at the end of the month,” Vince Heaney, a strategist at UBS, said in an email.

    SEE ALSO: The market is at extreme risk of a 'flash crash' — here's what could send it over the edge and trigger the next big meltdown

    Join the conversation about this story »

    NOW WATCH: Valedictorians rarely become rich and famous — here's why the average millionaire's college GPA is 2.9

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    Macbook Air

    Apple's latest flagship laptop — the 2018 MacBook Air — is a gorgeous, powerful, sleek device that feels like the truest expression of the Air line. 

    It's absurdly thin, but it packs in a gorgeous, 13-inch "Retina" display. It's got a smaller frame than ever before, yet it's got the largest trackpad on any MacBook. Even the keyboard is brand new.

    After nearly two weeks with Apple's brand new MacBook Air, I'm convinced: It's worth the high price tag. 

    SEE ALSO: I dropped $1,500 on Apple's new MacBook Air — these are the 13 things I love and hate about it

    First up: What I bought.

    If you buy the base level MacBook Air that Apple released in early November, it costs $1,199 before tax. If you add RAM, like I did, it costs an extra $200.

    I felt pretty comfortable with the CPU, and I refuse to pay $200 for a measly 128 GB of extra internal storage, but I relented on the RAM upgrade — I want this computer to last at least four years, and 8 GB of RAM simply isn't going to cut it. I upgraded to 16 GB of RAM, and if I could've added even more, I probably would've.

    After tax, I paid just shy of $1,450 — nearly $1,500. That was on the high end of what I was willing to pay for a new laptop, but I'm glad I did. 

    All that said, the base level MacBook Air that costs $1,199 is more than capable. I got more RAM because it fits my needs. It's entirely likely you don't need to spend the extra cash.

    What's so great about it? For starters, the screen is insanely impressive.

    It wasn't until I handed my new MacBook Air to a friend to use that I realized how impressive the new screen is. He was sitting next to me on a couch, and I was talking to him from the side while he used the computer. Despite the fact that I was looking at the screen from the side, no matter how thin I made the viewing angle, I could see fine details on the screen.

    It might sound ridiculous, I realize — yes, I'm saying that the screen is so impressive because I can see it from the side.

    But the screen acts like a piece of paper. Instead of doing what screens normally do when you look at them from the side — become a thin field of light with no discernible details — the MacBook Air Retina screen still manages to produce crisp details regardless of the viewing angle. 

    It's something that doesn't feel immediately impactful. In reality, it's one of several crucial evolutions to the MacBook Air that make it feel so modern and fresh.

    The new speakers, keyboard, and trackpad are all major improvements.

    No caveats necessary: The new touchpad, new stereo speakers, and new keyboard are all major improvements over previous MacBook Air models.

    I have universally positive things to say about all of them, but the accolades are mostly unremarkable: The keyboard is, indeed, a very good keyboard. The same could be said for the trackpad and the speakers.

    They do exactly what you think they do, and they do it very well. 

    The speakers are loud, and having one on each side of the keyboard is a really nice change. The keyboard is clicky and responsive, with shorter keys than ever before. I find myself typing faster than ever on the new MacBook Air — a genuine benefit that has a major impact on how I use my laptop.

    In the case of the trackpad, it's larger than ever and as responsive as ever. The major addition here is a novelty named "Force Touch" that first appeared on Apple's iPhones. 

    In my experience with Force Touch, it's a relatively needless gimmick that I could take or leave. By clicking in deeper than you normally would on a mouse click, you get a few different contextual options depending on what you click. It's totally fine, but I rarely find myself thinking to use it. At the same time, it doesn't detract from the experience in any way. Force Touch is entirely ignorable, and I suggest you do exactly that.

    See the rest of the story at Business Insider

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    Best Buy

    • Best Buy will open at 5 p.m. on Thanksgiving. It will close at 1 a.m. and reopen at 8 a.m. on Black Friday.
    • Best Buy is traditionally one of the most popular Black Friday shopping destinations.
    • TVs will be heavily discounted, as well as smart and regular speakers, some Apple products, and video games.

    Best Buy is once again kicking off this year's holiday shopping season early. 

    The retailer is throwing open its doors at 5 p.m. on Thanksgiving. It will then close at 1 a.m. and reopen at 8 a.m. on Black Friday. These hours mirror last year's and the year before. 

    Some local laws interfere with these plans. Maine, Massachusetts, and Rhode Island stores will remain closed on Thanksgiving. Maine stores will open at 12:01 a.m., while Massachusetts and Rhode Island won't open stores until 1 a.m.

    A preview of the sale is now on Best Buy's website. Some deals, like Toshiba 43-inch 4K Fire TV Edition for $129.99, will only be available in-store, designed as enticements to bring shoppers in on the holiday.

    My Best Buy members with Elite or Elite Plus status got access to select deals on November 18. All My Best Buy members have access to them on November 19 and 20.

    Walmart and Amazon both also launched sales in early November, which they are calling early Black Friday deals.

    Best Buy is also offering free shipping with no minimum order value for the holiday season through December 25. Target is doing that also, but is promising two-day shipping. Amazon is also offering free shipping, but only on its super saver shipping tier, which only guarantees order receipt in five to eight days.

    SEE ALSO: Online retailers are in a bitter competition for holiday shoppers — and customers are winning

    Join the conversation about this story »

    NOW WATCH: Target has a few sneaky ways it gets customers to spend more money

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    the last kingdom

    • The latest hit British TV series from Netflix is "The Last Kingdom," and its third season dropped on Monday.
    • The series first premiered on BBC networks in 2015, and its second season was co-produced by Netflix.
    • The third season was an exclusive production of Netflix, highlighting the streaming giant's successful strategy of acquiring British shows and making them available to a wider audience.


    Netflix's strategy of acquiring hit British TV shows and introducing them to a global audience has already found success this year with "The End of the F---ing World" and more recently "Bodyguard." Its latest, "The Last Kingdom," premiered its third season on Monday.

    "The Last Kingdom" moved from a BBC series in its first season, to a co-production with Netflix it its second, and finally to a Netflix exclusive in its third.

    Netflix describes the series, which has an 87% Rotten Tomatoes critic score, like this: "As Alfred the Great defends his kingdom from Norse invaders, Uhtred — born a Saxon but raised by Vikings — seeks to claim his ancestral birthright."

    READ MORE: 'Bodyguard' is the latest hit British TV show that Netflix has streamed to American audiences, and it has a 100% on Rotten Tomatoes

    The New York Times said "The Last Kingdom" can fill the gap between now and when the final season of HBO's "Game of Thrones" premieres in April.

    "If you’re looking for something to fill the 'Game of Thrones'-shaped hole in your heart until the final season runs next year, consider trying this fictional drama series about the formation of England," the Times said.

    The first season of "The Last Kingdom" premiered in 2015 on BBC Two and BBC America, and is based on Bernard Cornwell's "Saxon Stories" series of novels about ninth-century Britain.

    The show's first two seasons were comprised of eight episodes each, while the third is 10. It highlights Netflix's confidence in its British TV strategy, and audiences' positive response to the series so far. The strategy benefits both Netflix, which attracts new subscribers, and British television, which finds new fans it wouldn't have if limited to British networks.

    Executive producer Gareth Neame told The Guardian in April that the series "didn't break through" until Netflix co-produced the second season with BBC and streamed it to a wider audience. The third season was an exclusive production of Netflix, according to The Guardian.

    "Their mission seems to be to back storytellers and let them get on with it," Neame said.

    SEE ALSO: The Satanic Temple says it's 'finalizing an amicable settlement' with Warner Bros. to its lawsuit over the goat-headed statue in Netflix's 'Sabrina' reboot

    Join the conversation about this story »

    NOW WATCH: Everything you need to know about 'Red Dead Redemption 2' — 2018's most anticipated video game

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    Jonah Peretti

    • BuzzFeed News has launched a recurring membership program for its readers.
    • The program has two tiers: for $5 a month, readers get access to exclusive newsletters and behind-the-scenes content and for $100 a year, they get all the above as well as a branded tote bag.
    • The membership program is BuzzFeed's latest move in its ongoing bid to continue to diversify its revenue streams.

    BuzzFeed already sells a co-branded kitchenware line at Walmart and has a book club in partnership with Amazon. Now, it has rolled out a recurring membership program for its readers.

    Starting today, BuzzFeed News readers can donate to the news outlet to support its journalism. Specifically:

    • For $5 a month, readers can get access to exclusive newsletters with some of the publisher's biggest scoops as well as behind-the-scenes content.
    • And for $100 a year up-front, they can receive all of the above and a limited edition BuzzFeed News tote bag, along with other merchandize down the road.

    The membership program comes on the heels of a pilot program kickstarted in late August, when the company started working with Google to test contributions directly from its audience to gauge readers' willingness to pay to support its stories.

    The test yielded positive signals from its audience, the company's global news director Lisa Tozzi said to employees in a note circulated this morning.

    "Since launching, we've received positive feedback," Tozzi wrote. "In fact, the average contribution from our test was more than $20, and some readers actually asked us for a way to support BuzzFeed News on an ongoing basis."

    BuzzFeed News has no plans for the membership program to evolve into any sort of a paywall, a rep told Business Insider, but sees it as as yet another opportunity to build a loyal and dedicated community of readers.

    It is also the latest among a steady stream of publishers that are trying to build a community around membership programs that give readers deeper access around exclusive content, events and merchandize. While The Guardian, The New York Times and The Atlantic have had their digital subscriptions and membership programs for a while, Quartz launched a paid membership program for its readers just last week.

    "We've seen some of our competitors have success with reader-supported revenue, and see this as an important plank in the long-term project of building a sustainable news business long-term — while keeping our reporting free and available to the largest possible audience on the open web," said Tozzi.

    The membership program is BuzzFeed's latest move in its ongoing bid to continue to diversify its revenue streams. Over the years, the company has expanded from a website into distributed video, studio development, and, steadily, e-commerce.

    In 2018, it embraced programmatic advertising after eschewing it for years. More recently, its health and wellness brand Goodful announced a partnership with Macy's to release a line of home products.

    Join the conversation about this story »

    NOW WATCH: 7 places you can't find on Google Maps

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    • These three inventions are major advancements in firefighting technology
    • They can be placed in hazardous situations so that humans don't have to go in to suppress the flames.
    • From water-blasting robots to flame-suppressing dodgeballs, watch the video above to see how these inventions can change the way firefighters extinguish fires. 

    Following is the transcript of the video.

    Thermite 3.0. This firefighting robot is called Thermite 3.0. It pumps 2,500 gallons of water per minute. It's made from aircraft-grade aluminum and steel and can be sent to areas too hazardous for humans. 

    Foam fire-suppression system. This foam fire-suppression system stops fire in under five minutes. The foam mixes with water to expand and floats above the fuel. It dissolves right through the concrete floor.

    Elide fire ball. This flame-suppressing dodgeball puts out fire immediately. It activates three seconds after touching the fire, instantly releasing fire suppression chemicals.

    Join the conversation about this story »

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