Hasnain says:

"In a 2010 cover story in this magazine, Hanna Rosin predicted “The End of Men,” arguing that a post-industrial society, in which manual-labor jobs are disappearing and those requiring nurturing and communication skills are growing, is more suited to women than to men. At the time that Rosin was writing, women held more than half of managerial and professional jobs in the country, and their share was growing in fields like medicine and law. They earned nearly 60 percent of all bachelor’s degrees in the country, 60 percent of master’s degrees, and 42 percent of all MBAs. Women, she wrote, would soon be in the position that men once were: running more companies, supporting families, and sometimes, deciding not to seek a partner and going it alone."

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Posted on 2017-05-10T23:38:49+0000

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Posted on 2017-05-10T15:19:31+0000

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Posted on 2017-05-10T04:48:14+0000

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Posted on 2017-05-10T04:35:42+0000

Hasnain says:

Amazing and extremely sad read.

Also selfishly makes me wonder whether I should get in on this whole mortgage interest deduction thing.

"Racial exclusion was Roosevelt’s first concession to pass the New Deal; his second, to avoid a tax revolt, was to rely on regressive and largely hidden payroll taxes to fund generous social-welfare programs. A result, the historian Michelmore observes, is that we “never asked ordinary taxpayers to pay for the economic security many soon came to expect as a matter of right.” In providing millions of middle-class families stealth benefits, the American government rendered itself invisible to those families, who soon came to see their success as wholly self-made. We forgot because we were not meant to remember."

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Posted on 2017-05-09T02:32:45+0000

Hasnain says:

"Young people didn’t buy them. Low-income adults did. The company started asking the people who called its service center why they were using the product, and the answer was usually that they didn’t have bank accounts. “That’s when I realized,” Streit says, “Wow, we’ve got the right product, but the wrong demographic.” The packaging was redesigned, and the renamed Green Dot started making new deals—including one with Walmart to create the MoneyCard, which debuted in 2007."

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Posted on 2017-05-09T00:18:28+0000

Hasnain says:

Good news for those who already have a house, bad for those who don't?

"Stella Guo, a third-year university student from China, and her family recently purchased two waterfront properties in Seattle for more than $5 million each. The family owns a Chinese development company and is also looking at building projects in the northwestern U.S.

Ms. Guo, who attends college in Arizona, said she doesn’t plan to live in Seattle full-time but wanted a place for her and her family to relax on vacation and was drawn to Seattle’s temperate climate,"