10,000 hours of practice make a genius?

In his book Outliers, Malcolm Gladwell made an interesting observation: that people who rose above the rest and achieved incredible success in their respective endeavors all have one thing in common: they spent at least 10,000 hours learning and internalizing and perfecting their crafts. The 10,000-hour theory was originally formulated by Dr. K. Anders Ericsson, professor of psychology at Florida State University.

 

Practice the cello 10,000 hours, become the next Yo-Yo Ma?

That applies to all the top artists, musicians, writers, and business leaders.  Wayne Gretzky played hockey for 10,000 hours growing up. Bill Gates spent 10,000 hours programming computers. Yo-Yo Ma spent 10,000 hours practicing the cello and violin. And so on. They all spent 10,000 hours or more doing what they do, and were born at the right time to have opportunities presented to them.

Senators make final push for cybersecurity bill

Supporters of comprehensive cybersecurity legislation are making their final push in the Senate, with time for action quickly running out.

Sen. Joe Lieberman (I-Conn.) and four co-sponsors introduced a revised version of their Cybersecurity Act on Thursday after extensive negotiations with the bill's critics.

Lieberman has said he expects the Senate to take up the legislation next week.

The changes to the bill appear to have won over privacy advocates, who had worried that the old version would encourage companies to turn over their customers' personal information to military spy agencies.

Broadcast Ratings Hammered In Q2, Even With DVRs Factored In: Analyst

“There is no way to sugarcoat this: broadcast has taken a beating,” Nomura Securities’ Michael Nathanson says this morning in his quarterly report on primetime TV viewing. He assesses the market the way most networks and advertisers do — folding in DVR views of a show up to three days after a live broadcast (known in the industry as C3). He finds that the major networks were down 9.4% among the target 18 to 49 year olds vs the same period last year while cable networks were only off 0.4%. It’s the second consecutive quarter of substantial declines for broadcasters. And it’s worrisome for them because many now want to count DVR eyeballs — even though lots of users skip over ads. Live viewing in the demographic has declined for 15 successive quarters; in Q2 it fell 15.2% for the broadcast networks and 4.3% for cable. Fox was hit hardest with C3 ratings -18.7% followed by NBC (-11.8%) and ABC (-9.7%). CBS, however, was up 8.4%. Over in cable, companies with meaningful increases in year-over-year C3 ratings were Disney (+25.8%) and Scripps Networks (+8.8%) — results were gloomier for AMC Networks (-8.2%), Viacom (-7.7%), and Time Warner (-6.6%). Still, Nathanson has some encouraging news for networks concerned that ad skipping will become a lot more commonplace as the number of DVR households grows from 40% now to 47% expected in 2015. New users don’t appear to be as fast on the trigger: The percentage of broadcast commercials skipped by DVR users dropped to 46.7% in the 2011/2012 season from 58.8% in 2007/2008. For cable, 50.4% of the ads were skipped this past season vs. 52.8% in 2007/2008.

Manning's treatment should 'shock' court: lawyer

Evidence showing the mistreatment of WikiLeaks suspect Bradley Manning at a military brig should "shock the conscience" of the court, his lawyer said Thursday.

The US Army soldier accused of handing over a trove of secret documents to the WikiLeaks website was subjected to harsh, "unlawful" conditions for nine months at the brig even though psychiatrists concluded he was not at risk of committing suicide, said David Coombs, his defense counsel.

Manning was placed under "maximum custody" at the US Marine Corps Brig in Quantico, Virginia as "the result of a direct order" from a commanding officer, witnessed by two colonels, Coombs alleged at a pre-trial hearing.

Out-Dated Laws

Every state, and even some cities and towns, have outdated laws that are still technically in effect, but most are no longer followed. I've compiled a list of silly and outrageous laws, simply as proof that some strange and superstitious folks had too much power at one time or another in American history.

Morgan Stanley's revenue falls sharply

Morgan Stanley says revenue was down sharply in the second quarter.

Net income rose to $564 million from a loss last year of $558 million, when the bank took big charges to cut down its obligations to a Japanese financial firm that is a shareholder.

Earnings came to 29 cents per share. Analysts surveyed by FactSet were expecting 32 cents.

Revenue tumbled 24 percent to $7 billion from $9.2 billion. That number included the benefit of an accounting gain.

The biggest change was in the institutional securities unit, where profits plunged 63 percent. That unit includes investment banking services like trading stocks and bonds. Profits also fell slightly in wealth management and asset management.

The stock is down 3 percent in pre-market trading, losing 40 cents to $13.59.

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