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Dick Fuld's massive Sun Valley compound sold at auction for a 'record breaking' price

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Screen Shot 2015 07 07 at 11.41.46 AMFormer Lehman Brothers CEO Dick Fuld's gorgeous Sun Valley, Idaho compound sold last week for a "record-breaking" price at an auction.

The winning bidder for the 71.3-acre Big Wood River Estate is an unidentified person from the Pacific Northwest, Concierge Auctions said in a release.

It's unclear how much was paid. The minimum bid was $20 million. Concierge Auctions' said in a statement that it was the most expensive residence ever known to sell at auction, and the highest known price for a residence in Sun Valley. 

Concierge Auctions previously estimated that the property could fetch from $30 to $50 million.

Before its demise in 2008, Lehman Brothers was the fourth largest Wall Street bank. Fuld had been the CEO since 1994. Since the bankruptcy, Fuld has kept a relatively low profile. He recently reemerged at a small-cap conference this spring.

Now, let's take a tour of his former compound.  

The Sun Valley estate sits on 71.3 acres, offering seclusion and privacy.



Here's a shot of the main house.



The property, which is located at the foot of Bald Mountain, is just a short drive from ski resorts and hiking/biking trails.



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This is what 2,000 calories actually looks like

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Everyone's different, but generally people are recommended to keep a diet of around 2,000 calories per day.

But what does that actually mean?

Sometimes it's hard to visualize what that amount of food looks like, so we did the work for you.

Produced by Matt Johnston

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For $1,200 per month in San Francisco, you can rent a bunk bed in a shared room in a 25-person house

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1042 folsom

If you're a 20-something living in San Francisco, there are places offering reasonable enough rent — you might have just to sleep in a shared room with a bunk bed to get it.

A new Craigslist ad for 1042 Folsom Street actually sounds pretty fun. The ad says it's hunting for new housemates, and the current tenants are frequent beer drinkers, kickball players and gym rats.

The only problem is a single room will run you $1,700, while a more affordable $1,200 option in the same home means you'll be sharing it with others, sleeping in a bunk bed.

Oh, and there are about 25 other people also living in this house. So it's kind of like MTV's "The Real World," just slightly smaller quarters and fewer amenities.

The roommates have put together a website to recruit other 20-something roommates. Here's what they say the home you could bunk up in is like:

  • The home is 3 stories and it was recently rebuilt 
  • The main floor is a common area with basic rooms like a kitchen, library, outdoor deck, laundry room, a game room, etc. There's a dart board, a ping pong table and the roommates say Foosball may be coming soon.
  • But fear not, there's DirectTV and fast wifi
  • There are 55 rooms scattered throughout the other 2 floors; some rooms are for doubles (the bunk beds!) and others are singles.
  • The bathroom situation for all these people isn't terrible. It's kind of like a college dorm. The roommates advertise "12 private toilets and "10 private showers."

So, what would your 25 roommates be like? Many of them work in tech, but they know how to "get down."

"A typical week at the Negev consist of turn up Tuesday's and thirsty Thursday's to prepare our livers for the weekend," the Craigslist ad states. "Once the weekend arrives its not uncommon to find housemates across the street at 1015 Folsom, chillin at Delores park, playing in our kickball league, or having the occasional keg party. Once Sunday night rolls around, we all turn down and get together to eat Sunday family dinners provided by the house."

Sound like a place you want to live? Here's the link to apply. And here's the Craigslist ad:

san francisco rent 1042 folsom street

SEE ALSO: A shack in SiIicon Valley and a mansion in Austin: Here's what a $1-2 million home looks like in 7 major US cities

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The 50 smartest colleges in America

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Caltech studentsWe recently ranked the 50 best colleges in America based on how well they prepare students for success after graduation. Next, we wanted to find out which schools enroll the smartest students.

Jonathan Wai, a Duke University Talent Identification Program research scientist, created a ranking exclusively for Business Insider of the smartest US colleges and universities based on the schools' average standardized test scores. Research shows that both the SAT and ACT are good measures of general cognitive ability, since they measure one's ability to reason.

We updated last year's ranking by including the 1,338 schools in the national universityliberal arts collegeregional university, and regional college lists that reported SAT or ACT scores in the latest US News & World Report rankingACT scores were converted to SAT scores (math + verbal) using this concordance table so all schools could be compared on one metric. Then, an average of the 25th and 75th percentile was computed (see more detail on methods and limitations here).

Once again, the Pasadena-based California Institute of Technology takes the top spot on the list, and the University of Chicago, Harvard, Yale, and Princeton round out the top five schools. 

Keep scrolling to see the 50 smartest colleges in America.

SEE ALSO: The 50 best colleges in America

DON'T MISS: The 50 best colleges where students earn high starting salaries

50. Macalester College

St. Paul, Minnesota

Average SAT score: 1368

Macalester ranks sixth in the nation, according to US News, for best undergraduate teaching, and 23rd overall for best liberal-arts colleges. Macalester is proud of its "cutting-edge courses" that bring out-of-the-box perspectives to today's global issues. Previous classes include "inside the animal mind," "constructions of a female killer," and "the automobile and the American environment."



47 (TIE). Case Western Reserve University

Cleveland, Ohio

Average SAT score: 1370

Case Western is known for its top-rated engineering and science programs: Nearly 30% of students major in an engineering field, and another 13% major in biology. Students are exposed to an endless number of research opportunities at a school that's consistently ranked in the top 20 private research institutes in the country.



47 (TIE). College of William and Mary

Williamsburg, Virginia

Average SAT score: 1370

William and Mary calls itself a "public Ivy" for its high-quality research program and academic rigor at a public-school price. The school is the second-oldest college in the US — chartered in 1693 — and attracts some of the smartest students in the nation: 81% of new students this year ranked within the top 10% of their high school classes.



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Goldman Sachs' top executives reveal their favorite books for the fall

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Edith Cooper

Goldman Sachs' top executives are sharing their favorite books of the moment as part of the firm's first-ever back to school reading list.

The inaugural list books about historical figures, tech entrepreneurs and even some sci-fi novels. 

We've included a round up below.

Goldman will be adding to its list in the next couple of weeks.

My Beloved World

Author: Sonia Sotomayor

Picked by: Edith Cooper, global head of human capital management

Cooper says: "I’ve always appreciated the opportunity to learn through other people's experiences. Most recently I was inspired by Justice Sonia Sotomayor’s memoir, a candid account of her personal journey from a housing project in the Bronx all the way to the US Supreme Court. Sotomayor’s story is an incredible example of what it means to take charge of your destiny and have the confidence to pursue your dreams."

Get it here»

Source: Goldman Sachs



Why Information Grows: The Evolution of Order, from Atoms to Economies

Author: César Hidalgo

Picked by: R. Martin "Marty" Chavez, chief information officer

Chavez says: "I found this book on the FT’s summer reading list. If you’ve ever wanted to understand economic growth in terms of information, networks, and complexity – or learn why order increases in our corner of the Universe, without violating the Second Law of Thermodynamics – read this book. It’s an imperfect synthesis, to be sure, but it’s beautiful and provocative."

Get it here»

Source: Goldman Sachs



The Divine Within: Selected Writings on Enlightenment

Author: Aldous Huxley

Picked by: Marty Chavez, CIO

Chavez says: "Did you know that Aldous Huxley, author of Eyeless in Gaza and Brave New World, became a mystic toward the end of his life? I didn’t. Huxley introduces Western skeptics to Eastern philosophy, synthesizing existentialism without the pessimism."

Get it here»

Source: Goldman Sachs



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People around the world are eating banana peels because they know something that Westerners do not

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banana after

That's right, you can eat banana peels. And not only are they edible — they're also good for you.

If you live in the US, you're probably used to tossing banana peels in the trash. But people in other countries, including India, have been taking advantage of their nutritional benefits for decades.

While a banana's flesh is soft and sweet, the skin is thick, fibrous, and slightly bitter. To eat the peel, you can either blend it into smoothies or fry, bake, or boil them for at least 10 minutes. Heat breaks down the skin's fiber and loosens up that tough texture, making the peel easier to chew and digest.

Also, the riper you allow the banana to get, the thinner and sweeter the peel becomes. That's because of a natural plant hormone called ethylene that fruits release as they ripen.

Ethylene interacts with the sugars and fiber in the banana skin, changing complex sugars into simple sugars and breaking down pectin, a form of fiber in bananas that keeps them stiff. That's why the older your banana is, the flimsier it feels. At the same time, other hormones break down the green pigments in the peel, turning them yellow and eventually brown. 

Nutritional benefits 

The sweet flesh of a medium-sized banana contains significant percentages of your daily recommended intake of various nutrients, such as:

  • 12% of your daily fiber, which helps with digestion and may help lower your risk of diabetes
  • 17% of your vitamin C, which is important for your immune system as well as growth and development
  • 20% of your vitamin B-6, which aids the body's ability to convert food into energy
  • 12% of your potassium, which helps in development of cells, tissues, and organs throughout the body
  • 8% of your magnesium, which is important for the body's energy productions and regulating glucose and blood pressure levels

If you then eat the skin along with the flesh you get an even bigger boost in these same nutrients:

"[The skin] contains high amounts of vitamin B6 and B12, as well as magnesium and potassium. It also contains some fiber and protein," San Diego-based nutritionist Laura Flores told LiveScience.

banana

Eating the peel is not only good for your body but also better for the environment. 

In 2013, bananas were America's most popular fresh fruit. The average American ate 11.4 pounds of bananas over the course of that year.

Since a medium-sized banana weighs about 0.3 pounds, that equates to about 38 bananas per person, or roughly 12 billion for the whole US. And since most of us toss the peel, that also means a lot of organic waste. Most of this waste goes to landfills, but some of it is used as fertilizer, in water purification, and in composting.

Other uses for the incredible banana peel

Banane A 05_croppedIf you can't stomach the thought of eating a banana peel, then consider some of the many other ways you can reuse this valuable product of nature. Here are a few of the 16 ways that health and wellness website Natural Living Ideas suggests:

  • Add a few slices of banana peel to a bucket of water and let the mixture sit for a couple of days. Use this to water your planets. The added nutrients from the banana will keep your plants growing strong.
  • You can make banana vinegar from the peels that can then be added to salads and vegetables. See the recipe instructions here.
  • Place your meat atop a ripe banana peel in your roasting pan to keep the meat moist and tender as it cooks. 

Whether you're gnawing on a raw peel or using it in your cooking, always make sure to wash it thoroughly.

LEARN ABOUT THESE: 15 healthy eating habits that work according to scientists

READ WHY: Experts are hailing this exotic fruit that tastes like pulled pork as 'miracle' crop, which could save millions from starvation

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Forget mega-yachts — this 'mobile private island' just upped the ante on billionaire toys

Hugh Hefner's son has a plan to redefine the Playmate

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More than 60 years after it was founded by Hugh Hefner, Playboy is working hard to remain successful and relevant by focusing on a key demographic: millennials. One key to this strategy is Cooper Hefner, the 23-year-old son of the company's founder.


Playboy Enterprises CEO Scott Flanders tapped Cooper to act as a brand ambassador for the company in the United States and abroad. We talked to Flanders and Hefner, both of whom pointed to one key aspect of the aforementioned shift: a re-examination of what a Playboy playmate should look like.

Produced by Graham Flanagan. Additional camera by Ryan Larkin.

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I took a ride to New York City's first new subway station in over 25 years

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Hudson Yards 16

The extension of New York City's 7 subway line is finally open.

What began as a part of the city's failed 2012 Olympics bid will soon redefine the far western reaches of Manhattan and make way for vast redevelopment. 

Previously, the western part of midtown had no access to rapid transit and no links to Grand Central Station for commuters.

The Olympics bid included plans for a stadium to be built over the train yards at 11th Avenue, and the 7 subway would be extended to reach it.

Despite losing the Olympic bid, the plan for the subway extension was given the green light, and construction began in 2007. 

The Hudson Yards Redevelopment Project is now well underway, and residential and commercial sites are rising above the train yards. With the terminus of the popular High Line park a block away, the MTA's 469th station is expected to see heavy use. 

We have a firsthand look at what it's like to go through the MTA's newest complete station since 1989.  

SEE ALSO: New York has much bigger transportation problems than just LaGuardia airport

I hopped on the train at Times Square — 42nd Street. After navigating the labyrinth of platforms in the enormous Times Square station, I finally found the 7.



Well, it's official: It's on the map! The mile-long extension seems much smaller on the simplified system map.



The trains are the same, but looking out the windows, I can tell that it's a brand new tunnel. There's no soot to cover the concrete just yet.



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16 photos that will make you want to travel to the Philippines

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Ariel's Point Philippines

The Philippines are a group of over 7,000 islands in the Western Pacific.

It's the ultimate paradise for beach bums, divers, and adventurers.

The country offers a vast array of waterfalls, lagoons, caves, and beaches, among other attractions.

Keep scrolling for some of the Philippine's must sees.

 

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Lake Kayangan is one of Coron Island's most popular attractions thanks to its stunningly crystal clear green water. After the ten minute climb it takes to get there, chances are you won't be able to resist a swim in the cove, which is surrounded by mountains and greenery.



The Mayon volcano or Mount Mayon sits on Luzon Island above the Albay Gulf and is the Philippines' most active volcano. Mount Mayon's perfect symmetry makes it a beautiful and intriguing sight.



The tower of the Cagsawa Church, an 18th-century Franciscan church, is the only ruin of the church that remains, and it sits against the backdrop of the Moyan volcano. It has been said that the church was destroyed when the volcano erupted in 1814, however this has since been disputed.



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These pickup lines have the highest success rates, according to the dating app Hinge

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millennials texting phones girls single partying

The hardest part of talking to someone you have finally matched with on dating apps like Hinge and Tinder is the dreaded opening line.

A lot of people talk about opening lines, whether by debating the best thing to say to get someone's attention or by taking screenshots of the most awkward ones.

But Hinge, a popular dating app that introduces users to friends of friends, says it has figured out the best lines to initiate conversation. The app, which raised a $12 million Series A round of funding last year, conducted a month-long study, analyzing data from its users.

"Every day, the Hinge team is asked if we know the secret to starting a great conversation that will actually lead somewhere," Karen Fein, Hinge's vice president of marketing, says. "Frankly, we didn't! Since it's our mission to help users move beyond the swipe, to connect over something interesting and to ultimately meet up — we decided to find out."

Here are some of Hinge's findings. If you take nothing else away from the company's results, just know that pretty much anything you say to a new match is better than a simple "hey."

SEE ALSO: Why women should give men a break about opening lines on Tinder

The same opening lines don't work on men and women.

To collect information on how Hinge's users respond (or don't respond) to opening lines, Hinge's data analysts and copywriters came up with 100 opening lines and then showed a selection of them to some of their users to see how they would respond.

Hinge says men are 98% more likely than women to respond to assertive, invitational messages, so ask him to get drinks or grab dinner. Women, on the other hand, are 40% more likely to respond to food-related opening lines.



Men have short attention spans.

Hinge says you should message men right away because their attention spans tend to be shorter. If you don't message a guy within six hours, the likelihood he will respond drops by 25%.

Women, Hinge finds, tend to be more patient. If you don't message her within six hours, the chance she'll respond drops by just 5%.



The best opening line to use depends on the age of the person you're talking to.

 If you're talking to someone who is 18 to 23, Hinge suggests a "novelty" or surprising opener.

If you're trying to chat up someone who is 24 to 28, Hinge says to start a conversation based around lifestyle or activities, so ask about brunch preferences or what the person likes to do on a Sunday.

Those aged 29 to 34 in Hinge's study tend to respond more to more personal conversation starters. Ask them something about themselves!

If you'd like to talk to someone who is 35 or older, Hinge suggests conversation starters with pop-culture references. 

 

 



See the rest of the story at Business Insider

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