Knowledge for Decision-Makers
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-------------------------
 
CEO Picks - The best that international journalism has to offer!

S1

I've Studied Emotional Intelligence for Over a Decade. Here's Why It's
a Super Power--in Just 7 Words [[link removed]}&lead=419599&emailid=5796&nl=daily]    
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Emotions are powerful. Anger, sadness, and fear are all powerful
emotions that can lead us to say or do things we later regret. Even
so called positive emotions, like joy, can lead to regret if it causes
us to agree to something because we're in a good mood, only to realize
later we've over committed.

I've spent over a decade studying how emotional intelligence helps
high-performers, leaders, and others achieve success. In doing so,
I've seen firsthand how emotional intelligence gives these persons a
powerful edge, and we could sum up the reason why in just seven words:

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S2

Why you spend more when prices end in .99 - Kent Hendricks
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I once worked at a company that priced everything with a .95 ending.
The bestselling software package was $999.95. Add-on products were
$9.95, or $19.95, or $49.95. Everything ended with a .95. It had been
this way for more than twenty years. One day, one of the VPs suggested
we change all prices to end […]

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S3

Against Sunscreen Absolutism - The Atlantic (No paywall)
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Moderate sun exposure can be good for you. Why won’t American
experts acknowledge that?

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S4

How to Avoid Groupthink When Hiring - Harvard Business Review (No
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When it comes to hiring, democratic decisions lead to better outcomes.
But a hiring-by-committee approach carries its own unique pitfalls.
Without careful orchestration, groups can make bad decisions too.
Indeed, the dominant approach to hiring today–in which the hiring
manager convenes a huddle and goes around the room hearing opinions on
each candidate is particularly prone to groupthink. In order to make
true group decisions about candidates, I advise hiring managers to
follow a rigorous process, to ensure that your interviewers maintain a
healthy level of independence: First, make it clear to interviewers
that they should not share their interview experiences with each other
before the final group huddle. Next, ask each interviewer to perform a
few steps before the group huddle:distill their interview rating to a
single numerical score; write down their main arguments for and
against hiring this person and their final conclusion. This will help
them stay true to their beliefs once the discussion starts, which
leads to less biased predictions. Finally, the hiring managers should
take note of the average score for a candidate. I’m not suggesting
that she should then follow it blindly; the process is not an
anonymous ballot. Instead, it’s meant to lead to richer, unbiased
and uncensored discussions to help decision makers take note of
information they might have missed otherwise.

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S5

What Happens in the Brain to Cause Depression? | Quanta Magazine
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For decades, the best drug therapies for treating depression, like
SSRIs, have been based on the idea that depressed brains don't have
enough of the neurotransmitter serotonin. Yet for almost as long, it's
been clear that simplistic theory is wrong. Recent research into the
true causes of depression is finding clues in other neurotransmitters
and the realization that the brain is much more adaptable than
scientists once imagined. Treatments for depression are being
reinvented by drugs like ketamine that can help regrow synapses, which
can in turn restore the right brain chemistry and improve whole body
health.

STEVEN STROGATZ: According to the World Health Organization, 280
million people worldwide suffer from depression. For decades, people
with chronic depression have been told their problem lies with a
chemical imbalance in the brain, specifically a deficit in a
neurotransmitter called serotonin. And based on this theory, many have
been prescribed antidepressants known as selective serotonin reuptake
inhibitors, or SSRIs, to correct this chemical imbalance.

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S6

How the Guinness Brewery Invented the Most Important Statistical
Method in Science - Scientific American (No paywall)
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The most common test of statistical significance originated from the
Guinness brewery. Here’s how it works

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S7

The World's Best Scotch Whisky--According To The 2024 TAG Global
Spirits Awards - Forbes (No paywall)
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A 21-year-old Speyside single malt just took home the top prize at the
third annual industry gathering, held in Las Vegas.

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S8

Entering the 'amenities arms race' at luxury apartments: IV drips and
Botox without having to leave your home - Fortune (No paywall)
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“Yesterday's pool is today's pet spa—and tomorrow's pool is the
Botox [and] rehydration lounge,” UrbanDigs co-founder John Walkup
tells Fortune.

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S9

You don't have to be a programmer to cash in on artificial
intelligence. AI skills in these non-tech professions come with
massive wage increases - Fortune (No paywall)
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Job postings in the U.S. that seek lawyers with AI skills promise
wages that are 49% higher than ads for lawyers without AI skills, PwC
said.

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S10

Workers Don't Want Bosses Knowing They Use AI--Even As They 'BYOAI' To
Work - Forbes (No paywall) [[link removed]}&lead=419599&emailid=5796&nl=daily]    
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A new survey from Microsoft on work trends finds employees, worried
they could look replaceable, say they’re reluctant to share they use
AI for important tasks—even as 75% of office workers report using
the tech tool, often unsanctioned by employers.

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S11

Meet The Kings Of The Pre-Roll Joint - Forbes (No paywall)
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Founded by two sets of identical twins, Jeeter lit up the cannabis
industry last year with $220 million in revenue, leaving the
competition searching for a “Jeeter beater.”

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S12

Why Most Americans Say A College Degree Isn't Worth The Student Debt -
Forbes (No paywall) [[link removed]}&lead=419599&emailid=5796&nl=daily]    
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Economic prospects for young adults without a college degree have
improved over the past decade, even as climbing tuition and student
debt have soured many on higher ed.

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S13

What sleep position is best? Here are some bedtime myths, debunked -
National Geographic (No paywall) [[link removed]}&lead=419599&emailid=5796&nl=daily]  
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If you wonder whether there’s an ideal way to sleep, you’re not
alone: There’s plenty of conflicting advice and dubious online
information linking sleep positions to various benefits or problems,
and the market is flooded with devices that promise to keep you from
sleeping on your back, the scapegoat of most sleep position science.

They’re just a selection of the terms coined by psychologist Samuel
Dunkell, who penned a popular psychology book in 1977 calling sleep
positions “the night language of the body.” For Dunkell, sleep
positions gave clues about an individual’s personality traits and
psychology—their bodily position during their most vulnerable hours
offering hints of how they move through the waking world.

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S14

Why Boeing Needs A New Plane -- Soon - Forbes (No paywall)
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It’s not enough for Boeing to fix the 737 Max program. To remain
competitive against Airbus, the planemaker needs to make a big bet on
a new jet.

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S15

How Your Business Should Tap into the Creator Economy - Harvard
Business Review (No paywall) [[link removed]}&lead=419599&emailid=5796&nl=daily]  
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Creators aren’t just changing marketing. They’re transforming
product development, too. Creators can drive demand for specialized
products, accelerating product life cycles and even changing what
customers actually value. Companies that recognize the power of
creators can choose from four strategies, including partnering with
creators or acting as suppliers.

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S16

Tidal power: A forgotten renewable resource?
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As the tide rises and falls, is it worth generating electricity on a
large scale from its movement? It’s a question engineers have
studied for one particular part of Great Britain since the 1800s—and
the urgency of making carbon-free power to limit climate change could
mean deciding on an answer quickly.

Most shorelines have two high and two low tides each day, a pattern
that coincides with the constant tug of gravity from the moon and sun
on the sea. Unlike the hydropower we make from damming rivers so the
water can spin turbines as it flows downstream, tides are slow and
subtle, typically raising or dropping the sea level by a foot or less
each hour. And concerns over ecological disruption that surround dams
on rivers should be amplified for nearshore coastal areas, which are
often delicate and crucial habitats for marine and shore-based
environments alike.

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S17

Successful Strategy and the Art of Timing
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You've heard the term chronos often regarding expensive watches and
the measure of time. But another term for time that's even more
important is kairos. In Greek, kairos represents a kind of
qualitative time, as in "the right time." Chronos represents a
different kind of "quantitative" time, as in, "What time is it?" and
"Will you have enough time?"

Kairos means taking advantage of or even creating a perfect moment to
deliver a particular message or action. Kairos also refers to crafting
serendipity, like when the sun comes out at the end of a romantic
comedy after all the conflicts have been resolved.

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S18

This Incredibly Simple Approach Will Make Your Planning and Review
Sessions Even More Productive
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Familiarizing yourself with work in advance can make the work appear
less overwhelming and intimidating. It can also lower your resistance
to doing your work. You can think of this exercise as a type of
warm-up for your core work. 

I've found this technique to be helpful in my professional life, as
have my clients. While it may appear simple, you'll be surprised at
how effective it can be to help you better understand a novel
situation, concept, or experience. 

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S19

7 Keys to Inbound Marketing for Growing Your Opportunity
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Every business I know is familiar with outbound marketing, or
pushing your message out to customers through email, newspaper, and
television advertising. Only a few equally understand the process
and value of inbound marketing, for pulling customers to your
brand. In my experience, it's the fastest way to create trust and
authenticity in this age of the consumer.

Inbound (pull) marketing is all about convincing potential customers
that they found you and have a relationship with you, rather than
being accosted by your message at every turn. It works best through
effective use of social media, mobile apps, societal initiatives,
becoming an influencer, and providing a modern easily found website
with credible customer-focused content.

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S20

3 Strategies for Building a Business Ready for Any Crisis
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According to a 2019 survey by PWC, 95 percent of respondents
admitted that they expected a crisis to happen within two years. Well,
they were right. Covid-19 happened, and in 2021, another PWC survey
revealed that only 30 percent of respondents were crisis-ready when
the pandemic hit.

These survey findings suggest that while organizations, business
owners, and corporate executives know that a crisis is imminent,
they're unsure how to craft a strategic crisis response. Why is this
the case, and how do these leaders and businesses overcome this
problem?

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S21

The Sea Is Swallowing This Mexican Town
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"Wake up! The sea is taking it all away, it's taking it all away!"
were the first cries Claudia Ramón heard that night, when a fierce
wave lashed her town. "It was my cousin who warned me, and I ran to
take out my personal things. If she hadn't grabbed my arm tightly, the
wave would have rolled me over too," says the young woman standing on
the rubble in the sand.

Where the family bodega used to stand there's now only a huge
sinkhole. In the background there's the squawking of seagulls and a
calm, silent horizon, oblivious to the roaring wind that mercilessly
lashed the landscape of Las Barrancas, Mexico, in the early morning of
October 2, 2022.

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S22

US Offshore Wind Farms Are Being Strangled With Red Tape
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America's first large-scale offshore wind farms began sending power to
the Northeast in early 2024, but a wave of wind farm project
cancellations and rising costs have left many people with doubts about
the industry's future in the US.

Several big hitters, including Ãrsted, Equinor, BP, and Avangrid,
have canceled contracts or sought to renegotiate them in recent
months. Pulling out meant the companies faced cancellation penalties
ranging from $16 million to several hundred million dollars per
project. It also resulted in Siemens Energy, the world's largest maker
of offshore wind turbines, anticipating financial losses in 2024 of
around $2.2 billion.

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S23

Shockbuster Season: Why the Death of the Summer Movie Is a Good Thing
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Forty-seven years ago today, everything changed. True believers might
already know what it was: On May 25, 1977, Star Wars hit movie
theaters and irrevocably altered nearly everything pertaining to the
act of moviegoing. Lines around the block, overly excited nerds, an
appetite for action figures. Star Wars taught Hollywood that certain
genresâsci-fi, fantasy, anything that percolated in the offbeat TV
shows, books, and comics of the 1950s and '60sâhad fans, and those
fandoms would show up. Star Wars made a meager $1.6 million in the US
in its opening weekend. But people kept coming back, and by the end of
its initial run it had made more than $300 million. Hollywood's Next
Big Thing had arrived.

Common wisdom dictates that Jaws, which came out in 1975 and made some
$260 million, was the first summer blockbuster. That's true, but it
was Star Wars that shifted the idea of what kind of film future
popcorn flicks tried to be. In the years after its release, a trove of
sci-fi and genre films landed in theaters: Blade Runner, Alien, E.T.,
the Mad Max sequel The Road Warrior. By the '90s, the summer movie
energy had shifted to action fareâTwister, Speed, Jurassic Park,
Independence Dayâbut nerd stuff still ruled. For every Forrest Gump
there was a Batman Returns or Terminator 2: Judgment Day.

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S24

Does String Theory Actually Describe the World? AI May Be Able to Tell
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String theory captured the hearts and minds of many physicists decades
ago because of a beautiful simplicity. Zoom in far enough on a patch
of space, the theory says, and you won't see a menagerie of particles
or jittery quantum fields. There will only be identical strands of
energy, vibrating and merging and separating. By the late 1980s,
physicists found that these "strings" can cavort in just a handful of
ways, raising the tantalizing possibility that physicists could trace
the path from dancing strings to the elementary particles of our
world. The deepest rumblings of the strings would produce gravitons,
hypothetical particles believed to form the gravitational fabric of
spacetime. Other vibrations would give rise to electrons, quarks, and
neutrinos. String theory was dubbed a "theory of everything."

"People thought it was just a matter of time until you could compute
everything there was to know," said Anthony Ashmore, a string theorist
at Sorbonne University in Paris.

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S25

Spotify Tips for People Who Like to Listen to Whole Albums
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I might be old-fashioned, but I like listening to albums. Spotify
seems to always be fighting me on this.

I like experiencing a collection of songs all at once, played in the
order chosen by the artist. I especially like doing this when I
discover a new artist: I want to get a feel for what their music is
like outside of their one or two hits. You know who doesn't seem to
get that? Spotify.

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S26

Wholesale Prices Went Up in April. Here's What That Means for Rate Cut
Prospects
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Liz Ann Sonders, Managing Director & Chief Investment Strategist for
Charles Schwab & Co. recently joined the show to talk about today’s
inflation data and tomorrow’s CPI.

©2024 Knowledge at Wharton. All rights reserved. Knowledge at Wharton
is an affiliate of the Wharton School of the University of
Pennsylvania.

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S27

Why We All Need a Mental Spring Cleaning
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Wharton Lecturer Mori Taheripour joins the show to discuss spring
cleaning for our professional lives.

Wharton Lecturer Mori Taheripour joins the show to discuss spring
cleaning for our professional lives.

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S28

The hornet has landed: Scientists combat new honeybee killer in US
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In early August 2023, a beekeeper near the port of Savannah, Georgia,
noticed some odd activity around his hives. Something was hunting his
honeybees. It was a flying insect bigger than a yellowjacket, mostly
black with bright yellow legs. The creature would hover at the hive
entrance, capture a honeybee in flight, and butcher it before darting
off with the bee’s thorax, the meatiest bit.

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S29

What If Iran Already Has the Bomb?
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For the first time, Iranian officials are openly threatening to build
a nuclear weaponâand even intimating that they already have.

There's rarely a dull moment in Iranian affairs. The past few months
alone have seen clashes with Israel and Pakistan, and a helicopter
crash that killed Iran's president and foreign minister. But
spectacular as these events are, the most important changes often
happen gradually, by imperceptible degrees.

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S30

Nuclear Energy's Bottom Line
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The United States used to build nuclear-power plants affordably. To
meet our climate goals, we'll need to learn how to do it again.

Nuclear energy occupies a strange place in the American
psycheârepresenting at once a dream of endless emissions-free power
and a nightmare of catastrophic meltdowns and radioactive waste. The
more prosaic downside is that new plants are extremely expensive:
America's most recent attempt to build a nuclear facility, in Georgia,
was supposed to be completed in four years for $14 billion. Instead it
took more than 10 years and had a final price tag of $35
billionâabout 10 times the cost of a natural-gas plant with the same
energy output.

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