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Scalable vs. Non-Scalable Careers

Professions where you are paid by the hour are not scalable. A prostitute who charges $100 an hour only has 24 hours in a day. At some point, she will hit a ceiling on her earnings. Similarly, dentists, lawyers, contractors, bakers, and consultants can see only so many clients at a time.

By contrast, scalable professions allow you to make more money without an equivalent increase in labor / time. An author writes a book one time and his effort is the (basically) the same whether he sells 500 or 500,000 copies. A Hollywood actress need not show up at every screening of her movie to make money off it.

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Simulating crowd behaviour

The simulation of the behaviour of crowds of people and swarms of animals (not just mythological ones) is also being applied to many other unusual situations, from designing better closed-circuit television (CCTV) security systems to managing the traffic of ships in harbours. The same technology has also been used to improve the understanding of archaeological ruins and to model entire ecosystems in order to design wildlife-management strategies.

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Are bad sleeping habits driving us mad?

Take anyone with a psychiatric disorder and the chances are they don’t sleep well. The result of their illness, you might think. Now this long-standing assumption is being turned on its head, with the radical suggestion that poor sleep might actually cause some psychiatric illnesses or lead people to behave in ways that doctors mistake for mental problems. The good news is that sleep treatments could help or even cure some of these patients.

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How to Read Popular Magazines on your Desktop for Free

This is a very simple & non-geeky trick to help you read the latest issue of popular magazines like PC Magazine, MIT Technology Review, Popular Mechanics, MacWorld, Lonely Planet, Reader’s Digest, etc without paying any subscription charges.

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The Eligible-Bachelor Paradox

You can think of this traditional concept of the search for marriage partners as a kind of an auction. In this auction, some women will be more confident of their prospects, others less so. In game-theory terms, you would call the first group “strong bidders” and the second “weak bidders.” Your first thought might be that the “strong bidders”—women who (whether because of looks, social ability, or any other reason) are conventionally deemed more of a catch—would consistently win this kind of auction.

But this is not true…

Read the article: Game theory explains dinner-party dates

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China invests US$41 billion in one month

China is taking advantage of the economic downturn to go on a major shopping spree, investing in energy and other natural resources that could give it an economic advantage it has never had before.

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Smart ways to prepare for a world beyond recession

Governments around the world are grappling with some of the toughest decisions faced in generations. In severe recession, they are collectively considering as much as $4,500bn (€3,600bn, £3,200bn) in stimulus investments.

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Decision time

So how should we make a decision? The key is something called metacognition, or thinking about thinking. Because the mind is like a Swiss Army knife – it’s stuffed full of different mental tools, each of which is well-suited to a specific situation – it’s essential that we learn how to adjust our thought process to the task at hand.

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U.S. and Russian satellites collide

In an unprecedented space collision, a commercial Iridium communications satellite and a defunct Russian satellite ran into each other Tuesday above northern Siberia, creating a cloud of wreckage, officials said today. The international space station does not appear to be threatened by the debris, they said, but it’s not yet clear whether it poses a risk to any other military or civilian satellites.

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Why China Needs US Debt

Over the past two decades, the United States and China have developed a special relationship based on the safety of U.S. debt.

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