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Early acceptance rates to Ivy League schools are drastically higher than regular — but the reason why isn't as obvious as it seems

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Ivy League Admissions Folders Harvard Yale Dartmouth Princeton Penn Cornell Columbia Brown

The Ivy League classes of 2021 are one step closer to attending the school of their dreams.

Last week, every Ivy League school, with the exception of Columbia University, reported the number of students who applied and were accepted early this year, giving a glimpse into the college choices of tens of thousands of students.

The figures may look a little out of sync with regular decision acceptance rates to those who follow admissions trends.

Harvard reported the lowest acceptance rate of the bunch, with 14.5% of applicants gaining acceptance. That's nearly three times higher (meaning more students were able to gain acceptance) than last spring's regular acceptance rate of 5.2%.

ivy early decision acceptance v2

Harvard isn't the only school where early application percentage rates are drastically higher than regular application rates.

To give you an idea of where the University stands in comparison to its peers, below are the regular decision acceptance rates for the class of 2020, released last spring:

8. Cornell University — 13.96%

7. Dartmouth College — 10.52%

6. University of Pennsylvania — 9.41%

5. Brown University — 9.01%

4. Princeton University — 6.46%

3. Yale University — 6.27%

2. Columbia University — 6.04%

1. Harvard University — 5.2%

Every single Ivy League school, by a factor of two or three, appears easier to access when applying early.

So what gives?

Harvard studentsIvy admissions offices emphasize that the reason it appears easier to get into schools during early admissions is more a factor of the strength of the applicant pool rather than an ease of acceptance.

In other words, students who apply early to Harvard are probably better qualified compared the larger applicant pool, and more confident in their chances of being admitted.

"We have continued to stress to applicants, their families, and their guidance counselors that there is no advantage in applying early to Harvard," William R. Fitzsimmons, Dean of Admissions and Financial Aid, said, in a release from Harvard. "The reason students are admitted – early or during the Regular Action process – is that their academic, extracurricular, and personal strengths are extraordinary."

Harvard releases a survey on incoming freshman every year that provides details on the makeup of the class. For the Class 2019 — the most recent survey conducted— the survey indicated that students admitted early had higher SAT scores than regular admissions students, on average. Early admissions students scored an average 2239, compared to 2217 for regular admissions.

Still, schools certainly find early applicants attractive as they can lock in a higher "yield" — the number of admitted students who decide to go to the college. Early decision is binding, and early action means that students are only allowed to apply to one school early (though they can apply regular decision to other schools) and then make their final choice in the spring.

Some higher education experts feel that there is certainly an advantage to applying early, and that its practice is troubling, as it disproportionately helps wealthier students. The early admissions process is not possible for students who need to weigh the different financial aid packages they are offered before making a decision.

Early admissions "significantly disadvantages students from low-income and middle-income families, who are already underrepresented at such schools," columnist Frank Bruni wrote in The New York Times.

Still, it doesn't seem that the early admissions process is going anywhere soon. The Ivy League had a record number of early applications this year, and, more broadly, about 450 American colleges accept early applicants.

SEE ALSO: The Ivy League has released early-application acceptance rates — here's where they all stand

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NOW WATCH: The free Sleep Cycle app just made getting up in the morning so much easier


18 bad habits you should break in 2017 to be more productive

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BI Graphics_Bad habits to break in 2017_too many meetings 4x3

Being more productive is about working smarter, not harder, and making the most of each day.

While this is no easy feat, getting more done in less time is a much more attainable goal if you're not sabotaging yourself with bad habits.

Below are 18 things you should stop doing right now to become more productive.

SEE ALSO: 21 unprofessional habits that could cost you a job

DON'T MISS: 20 unprofessional work habits that make your boss and coworkers hate you

Hitting the snooze button

It might feel as though pressing the snooze button in the morning gives you a little bit of extra rest to start your day, but the truth is that it does more harm than good.

That's because when you wake up, your endocrine system begins to release alertness hormones to get you ready for the day. By going back to sleep, you're slowing down this process. Plus, nine minutes doesn't give your body time to get the restorative, deep sleep it needs.



Prioritizing work over sleep

This isn't to say you should cut back on sleep.

As Arianna Huffington discusses in her sleep manifesto, "The Sleep Revolution," a good night's sleep has the power to increase productivity and happiness, lead to smarter decision-making, and unlock bigger ideas.

As Huffington explained to Business Insider, a McKinsey study showed a direct correlation between getting less sleep and workplace inefficiency. The prefrontal cortex, where the problem-solving functions of the brain are housed, is degraded if we don't get enough sleep. Working 24/7, "we now know, is the cognitive equivalent of coming to work drunk," she said.

The trick to getting enough sleep is planning ahead and powering down at a reasonable time.



Keeping your phone next to your bed

Another key to getting better sleep is not letting outside influencers impair your sleep.

The LED screens of our smartphones, tablets, and laptops, for example, give off what is called blue light, which studies have shown can damage vision and suppress production of melatonin, a hormone that helps regulate the sleep cycle.

Research also suggests that people with lower melatonin levels are more prone to be depressed.



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12 everyday stretches to stay flexible and fit at any age

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Physical Therapy Stretches 13

When it comes to stretching, there are a whole lot of options: from yoga, Pilates, to dance classes, each type of exercise seems to have its own system.

But what are the best everyday stretches for anyone looking to avoid sore muscles, get more flexible, andprotect his or her muscles from injuries?

We turned to Marilyn Moffat, a professor of physical therapy at New York University and author of "Age Defying Fitness," to go over some of the best basic stretches for everyone.

Remember: Don't do these stretches if they make you uncomfortable or if you have existing muscle problems. Instead, consult a physical therapist..

NEXT: 15 healthy eating habits that work according to scientists

CHECK OUT: Eerie images of the remnants of America’s Space Race will give you chills

First thing's first, it's important to be conscious of what you're doing with your neck. Having good posture will help you do these stretches correctly, so bring your chin back and down and make sure your neck isn't jutting out. And for the first set of stretches, take a seat.



To start, we'll go through some neck rotations. Be sure to hold each side for 30 to 60 seconds. This applies to all stretches.



The next one gets a little more complicated. Looking straight ahead, tilt your neck to the right and drape your arm so that it rests near your left ear. Your left hand will extend down toward the floor, either grabbing onto the chair or just pulling down. Repeat on the other side.



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7 rules for flying like a modern gentleman

The 25 most expensive ZIP codes in America

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Tribeca apartment

The 25 most expensive ZIP codes in the US are unsurprisingly concentrated on the coasts.

Real estate listings site Property Shark recently used data from all residential transactions closed in 2016 to determine which ZIP codes across the US were most expensive for buyers.

California dominated the list with 17 cities represented, including well-known places like Beverly Hills and its famous 90210 ZIP code.

New York also claimed six spots, with pricey Hamptons favorite Sagaponack coming in at No. 1.

Only ZIP codes containing more than five sold properties were considered for the list. Property Shark helped us find listings that were close to each of the ZIP codes' median sales price. Check out the full list below:

SEE ALSO: Here's how much you need to earn to be in the top 1% for the 15 largest cities in the US

DON'T MISS: 9 hidden costs that come with buying a home

25. 95030: Los Gatos, California

Median sale price: $2,180,000

This two-bedroom, two-bathroom Los Gatos home will run you around $2.3 million, but it comes complete with hardwood floors, a detached guest house, and four private acres of wooded land. 



24. 94123: San Francisco

Median sale price: $2,210,000

In San Francisco, $2.27 million will get you a home like this one, which packs three bedrooms, two and a half bathrooms, a wood burning fireplace, stainless steel appliances, and a formal dining room into 1,900 square feet. 



23. 94306: Palo Alto, California

Median sale price: $2,227,500

This three-level home in Palo Alto, on the market for $2.25 million, features quartz countertops, abundant natural light, and a fenced-in patio. 



See the rest of the story at Business Insider

The most expensive housing market in every state

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Boulder Colorado

Coldwell Banker recently released its annual Home Listing Report, which ranks the most expensive places to purchase homes in America.

Though California dominated the overall rankings, expensive homes dot the entire country. Business Insider pulled the top ranking city in each state from the report, which range from average listing prices of over $1 million in California and Connecticut to those coming in under $300,000 in places such as Arkansas and Kentucky.

To determine the most expensive cities, Coldwell Banker analyzed the average listing price of more than 50,000 four-bedroom, two-bathroom homes for the period between January 2016 and June 2016. The ranking covered 2,168 markets across the US, excluding any with fewer than 10 listings. Note that just as prices vary by location, the size of these homes can vary significantly by market as well. 

Read on to see where to find the most expensive housing market in your state.

SEE ALSO: The 25 most expensive housing markets in the US

DON'T MISS: Here's what a one-bedroom apartment looks like in America's 20 most expensive rental markets

ALABAMA: Fairhope

Population: 18,730

Average cost of a 4-bedroom, 2-bathroom house: $359,633

Median household income: $58,767



ALASKA: Anchorage

Population: 298,695

Average cost of a 4-bedroom, 2-bathroom house: $378,686

Median household income: $78,121



ARIZONA: Scottsdale

Population: 236,839

Average cost of a 4-bedroom, 2-bathroom house: $530,372

Median household income: $72,455



See the rest of the story at Business Insider

The 30 most stunning photos Business Insider took in 2016

Everything you need to know about beer, in one chart

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There are dozens upon dozens of different styles of beer out there, from pale ales to stouts to bocks — and those are just a few.

Being that there are so many styles, and so many exceptions to the rules, it's incredibly difficult (not to mention time-consuming) to get to know them all, but knowing your favorites will make drinking them a lot more enjoyable.

We've created a taxonomy of most major beer styles to help you put your favorite cold ones into context.

BI Graphics_Beer Taxonomy

Melissa Stanger contributed to an earlier version of this story.

DON'T MISS: How to order whiskey like a pro

SEE ALSO: 6 strange things love does to your brain and body

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NOW WATCH: Belgium has opened the world's first beer pipeline that pumps 1,000 gallons per hour every day


The company that wants to build 'Disney for dogs' is starting with an office full of toys, treats, and canine coworkers

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At Bark & Co, it's all about the dogs. 

Founded in 2012 by Carly Strife, Matt Meeker, and Henrik Werdelin, Bark & Co takes aim at the dog parent niche, building all-natural toys, producing dog-centric content, and planning events that, yes, you should bring your dog to. The ultimate goal? To become the "Disney for dogs." 

Known for its flagship brand BarkBox, a subscription service that caters to dogs and their owners, Bark & Co now oversees three additional brands — ecommerce site BarkShop, media outlet BarkPost, and dog-friendly event service BarkLive  — and has surpassed a $100 million revenue run rate. 

The company secured $60 million in funding in May, adding to the $17 million raised previously, and expects to double its year-over-year revenue in 2016. 

Business Insider recently toured the company's New York City headquarters to see how Bark & Co lives its brand, from massive piles of dog toys to sneaky canine treats to a regular rotation of furry coworkers. Check out what a day in the Bark & Co life is like below.

SEE ALSO: Step inside Spotify's New York City office, where you'll find an airy roof deck, cold brew coffee, and a secret recording studio

DON'T MISS: Take a tour of the New York City subscription startup where you'll find swings, sneakers, and gnomes

Welcome to Bark & Co's headquarters in New York City's Chinatown, home to 102 of the company's 160 employees and their pups. The dog-centric brand fills two floors of the building with an open office layout that features rows of clean white desks, two kitchens, doggie play areas, and a secret room.



Noodle, a laid-back pug, and his owner, Jonathan Graziano, one of Bark & Co's Facebook Live hosts, served as two of our tour guides for the day. "I like some of my dog coworkers more than my human coworkers," Graziano joked.

Follow Noodle on Instagram @showmenoodz



Banjo, another office regular, joined our tour. Though dogs roam around the office all day, employees abide by set "off-leash" hours and keep their pooches in sight the rest of the time to prevent the office from becoming a free-for-all.

Follow Banjo on Instagram @garlandharwood



See the rest of the story at Business Insider

We did a blind taste test of popular fast food nuggets and the the winner was clear

The awesome life and career of 'Star Wars' icon Carrie Fisher

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princess leia carrie fisher

Actress Carrie Fisher died on Tuesday and left behind an incredible career both in front of and behind the camera.

Best known for playing Princess Leia in the "Star Wars" movies, she also grew up in the business, as she was the daughter of singer Eddie Fisher and actress Debbie Reynolds. 

Fisher died in a hospital after suffering a heart attack on a plane at the age of 60, and leaves behind her mother and daughter, Billie Lourd.

While she went on to become a superstar thanks to "Star Wars," she also had memorable performances in other movies like "The Blues Brothers" and "When Harry Met Sally."


And then there was her writing, which led to her publishing best-selling novels and becoming one of Hollywood's go-to "script doctors" in the 1990s and 2000s.

That's not to mention her hilarious quips and fearlessness about tackling life's difficult subjects, including mental illness and addiction. Fisher earned her legendary status.

Here's a look back on the amazing life and career of Carrie Fisher:

SEE ALSO: RANKED: The 10 best movies of 2016

Carrie Fisher was born on October 21, 1956 and was instantly thrust into the Hollywood culture as her parents were singer Eddie Fisher and actress Debbie Reynolds.



Fisher's first taste of acting was at 15 when she played a debutante in the Broadway revival of "Irene" in 1973, which starred her mother.



In 1975 she landed her first movie role in "Shampoo," starring Warren Beatty.



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This is what it's really like at Trump Tower — which is disrupting life in New York

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President-elect Donald Trump has made Trump Tower on busy Fifth Avenue in New York his official headquarters during his transition period. It has turned the area surrounding the building into somewhat of a chaotic scene.

Between protecting the president-elect, the future first family, as well as the many dignitaries, business leaders, and celebrities who have stopped by since Trump won the election, security is extremely visible. And will end up costing the city millions of dollars before Trump is inaugurated in January.

I went to Trump Tower to see what it's actually like to be there ... so you don't have to.

Follow BI Video:On Twitter

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How to get your top 9 pictures from 2016 into one perfect Instagram post

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Best nine instagram photo collage Kim Renfro

The INSIDER Summary:

• A generator will create a collage from the most-liked pictures of 2016 on your Instagram page.
• To create your own, to go "2016 Best Nine" and enter your handle.



2016 is almost (finally!) over, and that means we're in the season of retrospection. What better way to look back onto the highlights of the year than with all of your most-liked pictures from Instagram? 

As spotted by Select All's Madison Malone Kircher, the popular "Best Nine" generator is back for 2016. The handy site makes figuring out your top pictures a piece of cake.

Head to the 2016 Best Nine website, enter your Instagram handle, and click "get." After a few seconds — or minutes, depending on how overloaded the site is — the collage will appear.

2016 best nine instagram INSIDER page

The generator will also tell you the total number posts you made this year, and how many "likes" they collectively received. If you really want to dive into the 2016 fodder on Instagram, you can use the generator to look up anybody's best picture — even celebrities. But it might hurt to see the hundreds of millions of likes Selena Gomez received in comparison to your lowly, non-famous account.

Once you have your collage, either download the photo on its own (which is the easiest way to actually re-upload it to Instagram), or share the collage with the additional stats to Facebook or Twitter. 

Happy 'gramming! 

Join the conversation about this story »

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16 signs you've 'made it' in America

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The American Dream has transformed over time.

To find out what it means to Americans today, personal-budgeting company You Need A Budget and market-research company OnePoll surveyed the financial aspirations of 2,000 Americans.

The result is a list of 30-plus signs that indicate achievement of the modern American Dream, ranging from paying for a Netflix account to shopping at Whole Foods to owning a second home.

Below, find 16 signs from the survey that you've "made it." And remember: Just like the Dream has evolved over time, it also varies from person to person. Whether or not you've truly "made it" isn't about your car or travel schedule. It's completely up to you.

SEE ALSO: The 25 most expensive ZIP codes in America

DON'T MISS: How much money you need to save each day to become a millionaire by age 65

You own property valued between $1 million and $2 million.

Homeownership in the US fell to a multi-decade low in July 2016. Less than 63% of Americans owned a home, potentially in part due to millennials prioritizing paying significant loans for their education over buying property.

Among those who do own a home, many don't know how its value changes over time, according to a 2015 Zillow survey. If seven-figure property signifies the American Dream to you, make sure you know what your home is worth (and what could trash its value).



You have $7,425 in your checking account.

Surveyed Americans said maintaining $7,425 in their checking account was a sign of success.

According to certified financial planner Sophia Bera, the right amount to keep in your checking really depends on how much you make.

"A good rule of thumb is to keep at least one month of net pay in your checking at all times. Look for a checking account with no monthly fee and no minimum balance. Even better, find an account that reimburses ATM fees from other banks," Bera wrote on Business Insider, adding that it's smart to keep your checking and savings at different banks to avoid the temptation to dip into one or the other.



You go on at least two annual trips abroad.

While Americans collectively leave hundreds of millions of vacation days on the table every year, survey participants agreed that embarking on at least two trips abroad annually is a sign of achieving the American Dream.

And increasingly, they want those vacations to have value.

An American Express Travel survey of US adults earning $100,000 or more revealed that 81% of Americans are seeking deeper and more personalized experiences abroad, while 73% "said they would be willing to exceed their budget to have a unique local experience when they travel, and more than half said they would splurge to enjoy the cuisine of a particular destination."



See the rest of the story at Business Insider

This former Wall Streeter is now a Master Sommelier — here's her advice for great-tasting wine (DAL)

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Andrea Robinson

The right glass of wine can make a huge difference in a meal. It can salvage a subpar meal or even make a good meal great.

That's especially important when it comes to meals on a plane at 40,000 feet where the low air pressure and dry atmosphere can wreak havoc on your taste buds.

Every year, Master Sommelier Andrea Robinson is tasked with picking the selection of wines that will be served on board Delta Air Lines' flights.

In August, Robinson spoke with Business Insider about the art of wine selection on the ground and in the air.

Robinson, a former analyst with Morgan Stanley, spent four days at Delta's global headquarters in Atlanta whittling down a field of roughly 1,400 bottles of wine to just 120 finalists.

Of these finalists, about 60 will make it on board Delta's flights next year, Robinson told us in an interview.

However, the master sommelier keyed in on three things people can do to improve their wine drinking experience on the ground and in the air.

Temperature matters

According to Robinson, who is one of just 23 female Master Sommeliers in the world, red wines are being served at too warm a temperature. This is because most people operate under the axiom that red wines should be served at room temperature. But at more than 70 degrees Fahrenheit, this is no longer the case.

Delta wine"Room temperature might have been appropriate when people were in a cottage or a castle," she said. "But these days room temperature is around 70 degrees Fahrenheit and that's too warm."

Robinson believes that both reds and whites are at their best when slightly chilled.

Watch out for acidity

This one is important when picking a wine for your next flight.

"Lower air pressure depletes your ability to smell flavor while dryness prevents you from perceiving flavor and texture," Robinson said.

While it's good to aim for a wine with good flavor, it's important to avoid those that are too tangy and too heavy, she added. This is because, at altitude, wines with high acidity tend to taste way too sour to enjoy.

Instead, Robinson recommends opting for wines that are more tender on the palate.

Delta One Winter Menu 2015 Chef Entree Ravioli

It's the prep not the protein

Another common misconception held by most wine drinkers is that red wines are paired with red meat while white wines are paired with white meat.

According to Robinson, the constitution of the dish is more important than the protein served. In fact, the preparation process, the sauce, and the bed on which the protein is served should all be taken into consideration. For instance, a zesty lemon butter chicken is best served with a crisp white wine, but if that chicken dish features a heavy bed of legumes or mushrooms, then it's better had with a red wine. The same goes for fish.

In fact, the Master Sommelier offers Delta's cabin crew a training video called "It's the prep not the protein".

SEE ALSO: Delta may bring back a free perk it got rid of years ago

Join the conversation about this story »

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29 incredible close-ups of snowflakes shot with a homemade camera rig

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Snowflake macro photography Alexey Kljatov 22

Russian photographer Alexey Kljatov is a master of snowflake photography. After using a homemade rig with inexpensive equipment to take stunning close-ups, Kljatov's snowflake photos went viral in 2013.

But he hasn't stopped capturing amazing photos, and now his images are more stunning than ever. Kljatov shared new photos with INSIDER, and thanks to his extensive "how-to" blog post, we learned more about the process behind the images. 

Keep reading for a look at the amazing snowflake crystals and to learn more about how Kljatov works his magic.

Kljatov was inspired to try his own snowflake photography after seeing a website called "Snow Crystals" created by a CalTech physics professor named Kenneth Libbrecht.

Check out the original "Snow Crystals" website here.



At first Kljatov believed it was impossible for amateurs to capture photos like these without expensive equipment.



"Now I know that this is completely wrong!" he wrote. "Every photographer with simple point-and-shoot camera can take very good snowflake pictures."



See the rest of the story at Business Insider

7 of the most expensive degrees in the world

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Yale University campus

At $1.3 trillion, student-loan debt in the US exceeds car loans and even credit-card debt. But education is an investment for the future, or so the mantra goes. Students routinely pay hefty costs to come away with the diplomas they desire.

With that in mind, Business Insider rounded up some of the most costly degree programs around the world.

The programs span some of the expected categories, like medical degrees and MBAs, to less likely bachelor of arts programs and music degrees.

The prices listed below reference only tuition costs without room and board and other expenses.

Below are seven of the most expensive programs in the world:

SEE ALSO: The top 15 American cities for young college grads

Wharton School — $192,900 Executive MBA

Wharton School of the University of Pennsylvania has a two-year executive-education program that runs students $192,900.

Known as one of the top business programs in the world, Wharton grads have an average base salary of $127,280 upon graduating.



Sarah Lawrence College — $204,784 Bachelor of Arts

Sarah Lawrence, based in Westchester County, New York, costs students $204,784 for four years

The liberal-arts school has a unique and individualized approach to learning where there are no required courses and examinations mostly don't exist.



Harvey Mudd College — $209,532 Bachelor of Science

Harvey Mudd appears to be one of the most expensive undergraduate program in the US. The Claremont, California-based program runs students $209,532 for four years.

It focuses on science, mathematics, and engineering, and graduates earn an early-career average salary of $78,200 and $133,000 mid-career.



See the rest of the story at Business Insider

9 things you never knew about Disney parks, according to a man who played Goofy for 20 years

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Goofy, Disney

The INSIDER Summary:

• Reddit user Ihaveanotheridentity held an AMA about what it's like to work at a Disney park.
• He revealed that there are cast member cliques and secret tunnels beneath the parks.
• There are also strict rules of conduct for the people playing your favorite characters.



Reddit user Ihaveanotheridentity warned those who wanted to preserve the Disney magic to avoid his AMA. Having worked at Disney World for over 20 years, he's seen the good, the bad, and the ugly of the happiest place on Earth.

In between sharing heartwarming stories and lamenting how corporate he says Disney has become compared to the good old days, he dropped some pretty fascinating facts about the parks that only someone with insider knowledge could share.

Here are 9 behind-the-scenes secrets straight from the underbelly of the Disney parks.

Disney World is actually the second floor of a massive system of underground tunnels.

"Its full name is the Utilidor," he said. "It's a series of corridors that allow cast members to work behind the scenes and not disrupt the show on-stage. It's actually kind of boring in some places and it's creepy in others. That being said there are some aspects that are unique. The Automatic Vacuum Assisted Collection System is a series of tubes that connect all of the restaurants to the central dump that's behind Splash Mountain. That way the smelly trash can travel secretly below without people seeing it. 7 of the old attractions (like It's a Small World and the Country Bear Jamboree) are still run from the Utilidor. In addition, there are 2 restaurants, a barber shop and offices down there."



There’s a "Disney jail" for disruptive guests.

“It's just a room over the candy shop on main street," Ihaveanotheridentity said. "There's an officer back there that takes people to the local jail on 33rd street in Orlando.”



Characters are cliquey, and there's a hierarchy with "cool" characters at the top.

"Some of the break rooms are like the high school cafeteria where the 'cool' princesses (Elsa and Anna) sit on one side and make eyes at the 'old' characters (Snow and Poppins)," he said. "It's really childish."



See the rest of the story at Business Insider

New York City's luxury real estate market is slowing down

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30 Park Place Four Seasons 4675

It took two months longer on average to sell a New York City luxury apartment in 2016 compared to 2015.

That's according to the real estate agency Olshan Realty, which published its year-end report on the New York residential market on Wednesday.

It backed up other reports released earlier in 2016 that showed the luxury market in New York's most expensive borough had a tough year. Unlike other price segments of the housing market, there's an excess of luxury apartments, giving buyers power to negotiate asking prices lower. 

"New York City's rental market has been mostly steady, except at the high end, where the inventory has risen and rents have drifted down," the Federal Reserve said in a recent Beige Book based on comments from its contacts.

According to Donna Olshan, the company's president, contract signings fell 18% in 2016 through Christmas day to a value of $8.94 trillion, "below the golden years of new condo development: 2013-2015."

"The decline reflects classic price resistance," she added in the report

Olshan said luxury co-ops, which tend to have tougher criteria for ownership and resale, had the steepest drop in contract signings. Contracts fell 25% year-on-year for apartments worth $4 million and higher. This showed "a continuing market shift in the luxury market to new condos that offer freedom of ownership, new infrastructure, robust amenities, and some hip architecture — particularly seen Downtown," Olshan said. 

The top contract signed in the week ending December 23 was in 432 Park Avenue, the world's tallest residential building. It was a three-bedroom apartment with an asking price of $17.625 million, Olshan said. Bloomberg earlier reported that the building sold units this year for an average of 10% less than the original listing price, and may have sponsored some buyers' taxes. 

SEE ALSO: The world's tallest luxury building can't get its superrich buyers to pay full price

Join the conversation about this story »

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