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The fabulous life of Italian denim god Renzo Rosso, the billionaire founder of Diesel


Renzo Rosso

Diesel founder Renzo Rosso has built a clothing empire.

The "hard-partying, trash-talking billionaire bad boy," as W Magazine called him, went from son of a northern Italian farmer to amassing a small fortune.

He first appeared on the Forbes billionaires list in 2012, and he currently has a net worth of roughly $3 billion, which he acquired through provocative advertising, savvy retail acumen, and smart business sense.

Though he's since relinquished the reigns of the company he created, the 60-year-old still serves as president of its holding company, OTB (which stands for Only The Brave, a company motto), and it doesn't seem like he'll slow down any time soon.

Rosso sat down with Business Insider to give us a small peek into what his fabulous life is really like.

SEE ALSO: How a small family-owned company in New Jersey has been manufacturing cool for more than 100 years

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Rosso was born in 1955 in the tiny northern Italian town of Brugine, the son of a farmer.

According to an anecdote he recounted to W Magazine, he was once given rice pudding by a group of American soldiers from a nearby army base. "That, for me, was the American Dream," he said.

Source: W Magazine

With that drive, he made his first pair of jeans. It was the '70s, and they had a 42-centimeter leg opening. "My friends were so much in love with these jeans, that they started [asking for them]," Rosso told us. That first pair spurred him to buy a 40% stake in the company he worked for, Moltex, with money he borrowed from his father in 1978. This company then became Diesel.

See the rest of the story at Business Insider

Some people are more likely to get bitten by mosquitoes — here’s why


An Anopheles stephensi mosquito obtains a blood meal from a human host through its pointed proboscis in this undated handout photo obtained by Reuters November 23, 2015.  REUTERS/Jim Gathany/CDC/Handout via Reuters

For some of us, mosquito bites are an annoyance that plagues our arms and legs all summer long.

Meanwhile, others seem immune to the pesky things, which have gained increased notoriety lately thanks to the fast-spreading Zika virus, which is transmitted via one species of mosquito.

As it turns out, how attractive you are to a mosquito might have less to do with how your blood tastes and more to do with how you smell.

There are a trillion or so microbes that live on our skin that play a huge role in body odor. Without those bacteria, human sweat wouldn't smell like anything.

And for each of us, those bacteria vary widely. While we share 99.9% of DNA with other humans, our microbes are much more diverse, in part because they're influenced by our lifestyle.

So what does all this have to do with mosquitoes?

A siren song for mosquitoes

A small 2011 study found that those microbes produce different chemicals. And some of those smell more attractive to the insects.

To demonstrate this, researchers asked 48 adult male volunteers to refrain from alcohol, garlic, spicy food, and showers for two days, as these factors could interfere with the kinds of microbes that thrive on the men's skin.

The men wore nylon socks for 24 hours to build up their collection of unique skin microbes, which the researchers then used to collect their scent as bait for some malaria-carrying Anopheles gambiae mosquitoes.

Out of the 48 men, nine proved to be especially attractive to mosquitoes. Another seven men were largely ignored by the insects.

So the researchers looked at the microbe profiles for each of the men. Not surprisingly, the "highly attractive" group had more than twice as high a concentration of one common skin microbe, and more than three times higher concentration of another common microbe compared to the "poorly attractive group."

Overall, that poorly attractive group had a more diverse bacterial colony on their skin, findings that suggest some people's smell may act as a natural deterrent for mosquitoes.

Scientists have also looked into how smells influence the behavior of the mosquito species that's responsible for transmitting Zika and dengue — the Aedes aegypti.

For one of these studies, researchers analyzed the chemicals produced by skin microbes and found that some of them appear to attract particular mosquitoes. One they found is lactic acid. (In addition to being produced naturally by our bodies, it's also found in milk and cheese.)

When mixed with the carbon dioxide we breathe out, lactic acid makes for a potent combination that attracts female A. aegypti mosquitoes. In particular, Limburger cheese, which tends to smell like body odor, was a definite mosquito attractant.

There you have it: Being attractive to mosquitoes is all about smells, and the kinds of microbes that produce them.

NEXT: The world's deadliest animal isn't a shark or even a human

DON'T MISS: The untreatable Zika virus just made its way into 2 more countries — here are all the places the virus has spread so far

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NOW WATCH: Mosquitoes are the most dangerous creatures on Earth — should we kill them all?

I just started using an eye cream, and now I finally understand why it's so important


eye cream

Every time I interview a dermatologist, skincare executive, or grooming guru, I ask them the same question: what is the one product men aren't using that they should be?

The answer is the same every time: eye cream.

"Nothing gives away aging prematurely or wherever you are in your life than lines around your eyes," Kiehl's president Chris Salgardo told me back in December.

I'm 24. I'm not really concerned about aging yet, so I ignored that advice. I thought my moisturizer, applied around my eye area, would be enough — turns out I was wrong, and the experts were right.

Moisturizers are great, but they're not formulated for the sensitive area around your eyes, where the skin is thinner and more susceptible to irritation. They also contain ingredients that are not meant for contact on the skin around your eyes, like menthol.

What finally convinced me to try an eye cream was something I did care about: dark, puffy circles around my eyes from lack of sleep... and too much fun. Eye creams often have ingredients that minimize the look of these, and after application, I could definitely notice a difference.

While I thought before that the skin around my eyes would feel oily, it really just felt soft and moisturized. The dark circles under my eyes all but disappeared, and I felt much more confident in my appearance. I didn't look quite like the zombie I felt.

And not only did it immediately help me in the short run, but with regular use, I know I'll also be warding off premature signs of aging for years to come.

Now that's a morning routine I can get behind.

Kiehl's makes a great eye cream ($30), which is the one I used. But others — like Jack Black ($24), Every Man Jack ($14), and Bulldog ($12) — can be had for less and are also effective.

SEE ALSO: 2 grooming resolutions every guy needs to make this year

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How to perfectly fold a suit jacket so it doesn't wrinkle

There's a surprising benefit to calling people out for acting selfishly


Wolf of Wall Street

Why do we punish people who are selfish, even when their behavior doesn't affect us directly?

We protest unfair labor practices, criticize someone for going on Facebook at work, and condemn our friends for cheating on their partners, even though these things have little impact on our own lives.

Punishing someone whose behavior doesn't directly affect you — known as "third party punishment" — is a common cross-cultural phenomenon: It makes sense for society as a whole to punish people people who break rules for their own gain.

But calling someone out can cost you if you do it on your own. You might lose that person's friendship, for example, or they may even decide to take revenge.

So why do we do it? A new study, published Wednesday in the journal Nature, offers some answers.

The money game

For her study, Jillian Jordan, a psychologist at Yale University, and her colleagues studied this phenomenon using a simple economic game.

They found that people were willing to punish others because it made them appear more trustworthy themselves.

The game was made up of two stages:

  1. In the first stage, one person is given a sum of money and can choose whether he or she wants to keep the money or share it with another person. A third person who also has money then has to decide whether to "punish" the first person if they didn't share the money. However, punishing comes at a cost, literally, because the punisher loses some money in the process.
  2. In the second stage, a new person gets a sum of money and has to decide whether to transfer some of it to reward the punisher from the first round. Whatever amount they transfer gets tripled. Then, the recipient gets to decide whether to transfer any of that money back. 

A money changer poses for the camera with a U.S dollar (R) and the amount being given when converting it into Iranian rials (L), at a currency exchange shop in Tehran's business district, Iran, January 20, 2016. REUTERS/Raheb Homavandi/TIMA  What happened was somewhat surprising: People were more willing to reward someone (by transferring money to them) if that person was willing to punish someone who'd acted selfishly. Jordan and her colleagues think this was because it was a sign they could be trusted. Also, the person being rewarded in the transaction was more likely to return some of that money, something Jordan and her colleagues said could suggest that this trust was justified.

In other words, "If someone is willing to sacrifice some money to punish someone for being selfish, they are seen as more trustworthy — and are more trustworthy," said Jordan.

Still, there's a twist: When Jordan and her colleagues offered the punisher from the first stage the chance to be the person giving money (rather than simply giving them the option of punishing someone else for not giving money), those who chose to give were more likely to also receive money from someone else.

This suggests that while punishing bad behavor might make you appear trustworthy, helping others could make you look even better.

Why we punish others

Overall, the findings suggest that punishing people for being selfish isn't just good for society, but can be good for you as an individual, too. 

The findings add to previousresearch on punishment in the laboratory and in the real world. 

In one 2012 study, researchers conducted an experiment in the main subway station in Athens, Greece, where they violated two social norms, and observed how people reacted. In one case, the experimenter stood on the left side of an escalator (which is normally reserved for walking), and in another case, they intentionally littered.

Overall, only about 12% of bystanders enforced these norms. And they were much more likely to enforce the no-standing-on-the-left norm than to enforce the no littering norm. In addition, men were more likely than women to punish norm violaters. 

These findings could suggest that while people are willing to punish others to enforce good behavior, only some of us choose to do so.

So why is it that some people are more likely to punish people than others?

The new study doesn't address this. However, Jordan speculates that it only makes sense to punish people in societies with a good rule of law, where bad behavior has consequences. But in societies where you can get away with acting badly, there's no incentive to risk the personal cost of ratting on other people.

It turns out it's also not worthwhile to punish people who didn't do anything wrong, just to appear more trustworthy. It seems that the cost of punishing someone on false pretenses outweighs the benefits of being seen as a punisher.

UP NEXT: There's an intriguing psychological reason it's so hard to stick to a diet

NOW CHECK OUT: Here’s how false confessions — like the one Brendan Dassey allegedly gave on 'Making a Murder’ — happen

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The hottest jobs in America for men and women, according to Tinder swipes


Top Gun

Tinder has released a list of the most "swiped-right" jobs in the US, indicating which careers people look for in a match. "Pilot" was the most popular men's job, while "physical therapist" snagged the top spot for women. The ones that made both lists were "founder/entrepreneur," "college student," "model," and "teacher."

Tinder introduced the ability to add job information, along with education, to profiles in November.

Tinder CEO Sean Rad told Business Insider:

I think the thing that has shocked me [in developing Tinder] is that when it comes to establishing an initial impression, there's a very finite set of things we look at to decide whether we want to have a conversation with someone. How you look — and what that says about your personality — common connections, career, education. Ninety percent of it comes down to that.

Here is the list of the hottest jobs on Tinder for the last three months:


  1. Pilot
  2. Founder/Entrepreneur
  3. Firefighter
  4. Doctor
  5. TV/Radio Personality
  6. Teacher
  7. Engineer
  8. Model
  9. Paramedic
  10. College Student
  11. Lawyer
  12. Personal Trainer
  13. Financial Adviser
  14. Police Officer
  15. Military


  1. Physical Therapist
  2. Interior Designer
  3. Founder/Entrepreneur
  4. PR/Communications
  5. Teacher
  6. College Student
  7. Speech-Language Pathologist
  8. Pharmacist
  9. Social-Media Manager
  10. Model
  11. Dental Hygienist
  12. Nurse
  13. Flight Attendant
  14. Personal Trainer
  15. Real-Estate Agent

SEE ALSO: Analysts say Tinder is 'a real business,' and it could have nearly 1 million paying users

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NOW WATCH: This couple quit their jobs and used their wedding budget to sail the world

Scientists made a robot art critic that is able to form its own opinions


A robot art critic — complete with a bowler hat and scarf — is strolling the galleries of the Musée du quai Branly in Paris and forming his own opinions about what's good and what's bad.

The robot is programmed to gather a human crowd's response to work of art and then use that data to form his own "artificial taste."

Story by Tony Manfred, editing by Ben Nigh.

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Here's why the modern gentleman should splurge on a real umbrella



There are few accessories a man needs in his life. A durable umbrella is one of those things.

The reason why is simple: Imagine entering a business meeting, soaking wet, carrying only a tiny collapsible umbrella.

A ridiculous sight, no? A gentleman requires a more refined tool. He needs a real, well-crafted umbrella that will both keep him dry in the rain as well as look refined and stylish.

These collapsible mini-umbrellas that many people carry around are fine in a pinch. They're good to keep in your briefcase in case of a sudden downpour (a gentleman is always prepared), but they look ridiculous when carried on a regular basis or with a business suit. Plus, you can never really consider them your umbrella. They're transient, changing from month to month and season to season.

A real umbrella also won't break from a sudden big gust of wind — so, there's that.

As for the argument that you're going to lose your umbrella: You only lose your umbrella because you don't care about it, since it was $10 from CVS. Once you're splashing down some cash for something worth keeping track of, you'll be amazed at how much it lands back in your hands at the end of the day.

Now, there's no reason to go overboard. It will still likely be used only occasionally (you know, when it rains), so splashing out hundreds on an umbrella that will see use maybe a dozen or two times a year won't do you any good.

A comfortable spot is the $40 to $100 range, where you can get serious quality that will last forever and yet still avoid breaking the bank.

A few great options in that range include Brooks Brothers' New Stick Umbrella ($60) Filson's Cover Cloth Umbrella ($108), and the handmade-in-England Fox Brothers ($110).

SEE ALSO: How to perfectly fold a suit jacket so it doesn't wrinkle

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13 awesome Mexican-style chains that aren't Chipotle


chipotle burritoChipotle's sales have been falling.

The fast-casual chain has been plagued with bad press and tumbling sales following an E. Coli outbreak, a norovirus scandal, and a federal criminal investigation.

Worse, analysts aren't sure when Chipotle will get customers back.

So in the meantime, where should you get your next massive burrito?

Here are some Mexican-inspired chains across the country to get your fix.

SEE ALSO: I compared Chipotle's food to another major Mexican-food competitor — and the winner shocked me

Moe's Southwest Grill is known for huge portions.

Craving an enormous burrito? Head to Moe's Southwest Grill.

The fast-casual chain, which is found across the US with hundreds of locations, is known for having huge portions of everything, and their burritos are named accordingly (in a tongue-in-cheek fashion), like the Homewrecker burrito. It's perfect for when you have a serious craving. Their burritos also have fresh ingredients, and the food is made-to-order.

Qdoba is renowned for its burrito.

Qdoba won "Best Burrito" in a Zagat smackdown against Chipotle. It also won in Business Insider's very own Hollis Johnson's smackdown against Chipotle.

Maybe it's the smothered burritos, which are doused in delicious sauces. The restaurant has well over 600 locations throughout the US.

Chevy's Fresh Mex can accommodate a big party.

Chevy's is a sit-down dining experience with lots of sharable menu items and a long margarita list. You can get a few drinks, eat some food, and keep your bill at a reasonable price. The chain has more than 100 locations in the US.

See the rest of the story at Business Insider

This couple ditched their 9 to 5 jobs to make a living traveling the world


After returning home from an all-inclusive vacation in Mexico, Nick Wharton and Dariece Swift got bitten by the travel bug. Nine months later, they sold their house, car, and most of their possessions, and set off for Southeast Asia.

Today, they earn more on the road than they did before, and detail their adventures on their website, Goats on the Road, as well as their Instagram and YouTube channel.

Story by Libby Kane and editing by Alana Yzola

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17 restaurants where Washington, DC's elite go for a power lunch



Washington, DC is a city that runs on power lunches, and as Albert Einstein once wisely said, "An empty stomach is not a good political advisor."

Lunch is the meal when America's movers and shakers mull over some of the country's most important decisions, all while chowing down on delicious — albeit pricey — fare.

These are the 17 restaurants where you're bound to spot a Washington, DC big shot any given day of the week.

SEE ALSO: The 21 best restaurants for a power lunch in New York City

Bourbon Steak

Bourbon Steak is chic, modern, and everything you would expect from a steakhouse at the Four Seasons. The lunch menu has a selection of burgers, including an all-American wagyu and an oak-fired prime steak.

Lunch at Bourbon Steak wouldn't be complete without a side of their duck fat fries.

2800 Pennsylvania Ave NW


When Congress is in session, you'll be sure to see some DC big shots at this modern Italian restaurant. Fiola takes the trattoria concept to the next level with its prix-fixe, three-course power lunch menu.

A lunchtime favorite is their Nova Scotia lobster ravioli. 

 601 Pennsylvania Ave NW

Occidental Grill & Seafood

Dine like a statesman at this upscale seafood and grill restaurant that is just a stone's throw away from the White House. The walls are plastered with pictures of the country's most famous celebrities and powerful leaders.

Lunch regulars will tell you that the jumbo lump crab cake is the way to go.

1475 Pennsylvania Ave NW


See the rest of the story at Business Insider

This woman is getting famous for building hilariously terrible robots

Fitbit will remain the dominant leader in the wearables market (FIT)


fitbit blaze video 5

Fitbit's dominance over the world of wearables continues as it remains the worldwide leader in the industry.

The company reported fourth-quarter revenue of $712 million, which blew away analysts' expectations of $648 million. For the full year, Fitbit totaled revenue of $1.86 billion.

Fitbit sold 8.2 million connected health and fitness devices in the quarter, which boosted its total for the year to 21.4 million. And that number could increase in 2016, which could show further growth as Fitbit adds more products to its line, including the Fitbit Blaze smartwatch and the Fitbit Alta, a fashion-forward wristband.

For the moment, the U.S. represents the greatest share of Fitbit's revenue at 75%. Europe, the Middle East, and Africa combined for 12%, but Q4 year-over-year revenue growth in those regions was 191%.

This suggests that Fitbit's wearables are quickly gaining traction in markets outside the U.S., notes Jonathan Camhi, research analyst for BI Intelligence, Business Insider's premium research service.

Fitbit focused heavily in 2015 on building its Fitbit Wellness program, and the company successfully added 1,000 customers during the year. This is yet another sign of the expansion of wearables in the healthcare market.

But where will that market go?

The health sector is the most promising area for wearables adoption. Several emerging consumer and professional healthcare trends, which dovetail with advances in health technology over the past five years, are driving interest in wearables. And where wearables are most commonly used for fitness-tracking purposes at the moment, they show great potential for widespread adoption in the healthcare sector.

Will McKitterick, senior research analyst at BI Intelligence, has compiled a detailed report entitled The Wearables in the Healthcare Sector Report that examines the use cases for wearables in health, ranging from consumers collecting fitness data to healthcare providers and insurers using wearables to improve health outcomes.

The report also explores barriers to widespread adoption of wearables in healthcare and how tech giants, including Apple, Google, and Samsung, are developing devices and platforms that will help bridge the gap between fitness tracking and actual medical care.

vr doc

Here are some key points from the report:

  • While adoption levels are growing, the wearables market is still in the early phases of expansion. We estimate global shipments will increase at a compound annual growth rate (CAGR) of 24.8% over the five years, reaching 162.9 million units in 2020.
  • Emerging consumer and professional healthcare trends are driving interest in wearables. For consumers, interest in quantifying personal health metrics is translating into demand for fitness tracking devices and smartwatches. Meanwhile, businesses in a variety of industries have been quick to sense the opportunities for harnessing health data from employees, consumer, and patients to help drive efficiencies and enhance services related to healthcare.
  • Barriers remain blocking the widespread adoption of wearables in the healthcare sector. Device accuracy and regulation are two major sticking points for device makers and technologists to address. Concerns surrounding privacy and a lack of utility must also be addressed.
  • Consumer-facing products will eventually be used for more advanced medical care. Tech giants, including Apple, Google, and Samsung, are investing significant resources into developing devices that will help bridge the gap between fitness tracking and actual medical care. Future products will serve both consumer and professional markets.

In full, the report:

  • Looks at areas of the healthcare sector where wearables may have a tangible impact in years to come.
  • Examines what broader trends in healthcare and technology are driving wearables adoption.
  • Discusses how major tech players, including Apple, Google, and Samsung plan on transforming consumer wearables into powerful healthcare devices.
  • Identifies the top hurdles to wearables adoption in the healthcare sector.

To get your copy of this invaluable guide to the world of wearables, choose one of these options:

  1. Subscribe to an ALL-ACCESS Membership with BI Intelligence and gain immediate access to this report AND over 100 other expertly researched deep-dive reports, subscriptions to all of our daily newsletters, and much more. >> START A MEMBERSHIP
  2. Purchase the report and download it immediately from our research store. >> BUY THE REPORT

The choice is yours. But however you decide to acquire this report, you’ve given yourself a powerful advantage in your understanding of the wearables in the healthcare sector.

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This 'vertical race' in Slovenia is one of the most difficult in the world


The Red Bull 400 is an annual 400 meter race, but what sets it apart is that the track is at an almost vertical incline, on a Slovenian hill usually used for ski jumping. The race, which requires the use of both hands and feet, is absolutely grueling.

Story and editing by A.C. Fowler

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5 essential rules for wearing sneakers with a suit


Sneaker with suit

You have to know the rules before you can break them.

But once you do, go crazy. Case in point: the adventurous look of wearing sneakers with a traditional suit.

We'll admit, this isn't a great look for everyone, and it will never be accepted in the boardroom. 

However, when it works, it can really supercharge your style, making your suit suddenly not seem so dressed up anymore.

Like anything, there are some rules you should follow when attempting to take this style plunge off the deep end.

  • Keep it simple. You're already making a serious statement. Don't go for anything flashy or bright, as that will only make your outfit look mismatched and disjointed.
  • Stick to natural materials. Leather and suede are your friends here, and they're the most likely materials to work for your suit-paired sneakers, Man of the World editor Christopher Tennant told the New York Times. Skip the more "athletic" looks that come with nylon. You're not running a marathon, and your shoes don't need to be made for that.
  • Make sure your suit fits slim. There's nothing worse than on-trend stylish footwear combined with a suit that just doesn't fit your body. Picture your grandfather wearing a suit in some clunky New Balances. Now go for the opposite of that. A slim-fitting suit is absolutely essential, according to Brad Bennett, editor of Well Spent.
  • Skip the tie. We're already messing with traditional formality here — a tie will just confuse things. Also optional: a dress shirt.

Some of the best sneakers we can find that would go effortlessly with a suit are the Common Projects Achilles Low ($410) or Adidas Stan Smith ($75).

Alternatively, don't listen to me at all. This style is all about breaking the rules, after all.

SEE ALSO: The fabulous life of Italian denim god Renzo Rosso, the billionaire founder of Diesel

DON'T FORGET: Follow Business Insider's lifestyle page on Facebook!

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The 50 most elite boarding schools in America


2x1_the 50 most elite boarding schools 2016

Attending an elite boarding school sets students up for lifelong success. It can open doors to prominent colleges, place students in a powerful alumni network, provide a top-notch education, and create lifelong friends.

Prestige is derived from more than just strong academics, though, so to determine the most elite boarding schools in America, we looked at the size of a school's endowment, how selective it is based on its acceptance rate, and the average SAT score its students earn. To rank the schools, each metric was weighted equally.

Because of the scope of the list, we relied primarily on data from BoardingSchoolReview.com, a website that collects information on boarding schools directly from the institutions. Gaps in the data were confirmed with individual schools or taken from Niche, another organization that researches and compiles information on schools.

For the second year in a row, Phillips Exeter Academy earned the No. 1 spot on the list. Best known for pioneering the Harkness teaching method — a seminar-style class setting where the teacher and students sit around a table and freely discuss subjects — the school is highly selective with a 19% acceptance rate and touts an endowment of $1.15 billion, which is more than most colleges.

Read on to see the rest of the 50 most elite boarding schools in America.

Additional reporting by Andy Kiersz.

SEE ALSO: The 25 best public high schools in America

DON'T MISS: The 50 best colleges in America

50. St. Anne's-Belfield School

Location: Charlottesville, Virginia

Endowment: $32 million

Acceptance rate: 35%


Though only 17% of ninth- to 12th-grade students live at St. Anne's-Belfield School, boarders are essential to the school's diversity and inclusivity commitment. St. Anne's-Belfield is also deeply interested in reducing the gender gap in computer-science-related disciplines by mandating technology education courses for all K-12 students, with an emphasis on college prep for the upper school.

49. Shattuck-St. Mary's School

Location: Faribault, Minnesota

Endowment: $25 million

Acceptance rate: 36%


Shattuck-St. Mary's School takes a unique approach to education with programs that allow students to learn at their own pace. As part of the school's new ScholarShift program, 11th- and 12th-graders take blended classes that officially meet only twice a week, leaving time for students to speak one-on-one with instructors and pursue outside projects. For such projects, students can use the school's weCreate space, which features studios for video editing, music recording, fashion design, and more.

48. Indian Springs School

Location: Indian Springs, Alabama

Endowment: $12 million

Acceptance rate: 52%


Inspired by the motto "learning through living," Indian Springs School takes education outside of the classroom. For instance, the student government is set up like a small town with a mayor and six commissioners and weekly town meetings, placing decision-making power in the hands of the students. The Indian Springs campus is 15 miles from Birmingham, Alabama's biggest city, and its surrounding mountains, spring lake, and state park give students the chance to further explore outside a traditional academic setting.

See the rest of the story at Business Insider

The 20 cities around the world with the most billionaires



Beijing has officially overtaken New York City as home to the most billionaires.

According to Hurun, a Shanghai firm that releases yearly rankings and research about the world's richest people, the Chinese capital has an even 100 billionaires in 2016, while the Big Apple has 95.

"Beijing took the title from New York after minting 32 new billionaires last year, while New York gained four," Gerry Shih of the Associated Press reports. "Rupert Hoogewerf, the founder of Hurun, attributed China's explosive wealth creation to Chinese market regulators allowing a flood of new initial public offerings after holding back new IPOs for several years."

Read on to see which other cities around the world made it on the "Hurun Global Rich List 2016."

SEE ALSO: How old 15 self-made billionaires were when they earned their first billion

20. New Delhi, India

Number of billionaires in 2015: 17

Number of billionaires in 2016: 20

19. Los Angeles, California

Number of billionaires in 2015: 22

Number of billionaires in 2016: 21

17. Bangkok, Thailand (TIE)

Number of billionaires in 2015: 27

Number of billionaires in 2016: 24

See the rest of the story at Business Insider

Yes, you can wear sneakers to work — if you follow this rule


david beckham

The loosening of the work dress code has changed many things.

Ties have been loosened and subsequently thrown out, shirts have lost their collars, and, finally, sneakers have found a place in the revered halls of the workplace.

However, not all sneakers are created equal. Just because no one will bat an eye at a pair of suede New Balances in the office, doesn't mean you should bring your neon trainers. 

So what kind of sneakers can you wear around the office?

The rule is easy: keep it simple.

Carefully consider your office environment, and what kind of sneakers you think you may be able to wear to the office. Then go one step simpler than that.

Though sneakers are inherently sporty, it's tricky when you wear them to the office, since you're actually trying to avoid calling to mind the fact that you're not about to go for a jog.

That means avoid things like bright patterns, excessive nylon or stretchy materials, or atypical soles.

A plain-colored leather or suede sneaker like a New Balance 574 or the Adidas Stan Smith will take you far in the business world.

But it doesn't have to end there: Simple shoes like ultra-minimal Common Projects Achilles or the Rancourt Court Classic will be acceptable in virtually any workplace. Even canvas shoes like Vans or Converse All-Stars can be worn in some more casual offices. 

SEE ALSO: A tennis shoe from 1963 has suddenly taken the fashion world by surprise

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