Feb 12, 2023 - Why Money Manages Us

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From the Editor's Desk Why Money Manages Us We spend a great deal of time thinking about money. We talk about it, worry over it, wonder if we have enough to meet our immediate needs. If we’re lucky and have a lot of money, we think about using it to buy a new car, a new house, or a dream vacation. Since the days of our earliest ancestors, money has been one of our most important tools. But different from most other tools, money — even just thinking about it — influences our behavior in negative ways. We become more likely to prioritize our feelings, desires, and goals over getting along with and helping others. Money creates a tension between individualistic and interpersonal motives. To understand why money has such a hold on us, it’s helpful to look back at its predecessor: trade. Early humans and Neanderthals overlapped for roughly 5,000 years, and, biologically speaking, Neanderthals should have had the advantage. They were on earth first and they had larger bodies and brains. So how did our human ancestors come out ahead? They traded more than Neanderthals and across longer distances, giving them access to more and varied resources, and improving their chances of survival. Anthropologists sometimes call these early humans “homo economicus” to signify the attribute that set them apart. Continued here TradeBriefs: Newsletters for Decision-Makers! Our advertisers help fund the daily operations of TradeBriefs. We request you to accept our promotional emails. Want the newsletters, without the promotional mailers? Get an (ad-free) subscription to TradeBriefs Premium for just $2 per month. Access to premium content | No advertisement mailers Work After recent student fentanyl overdoses in Texas community, court documents reveal drug supplier lived blocks away from schools | CNN Adolescents are particularly vulnerable to fentanyl exposure due to the "proliferation of counterfeit pills resembling prescription drugs containing IMFs (illicitly manufactured fentanyls), and the ease of purchasing pills through social media," according to the CDC. Work Current Climate: Study Suggests A Link Between Air Pollution And Depression This weeks Current Climate, which every Saturday brings you the latest news about the business of sustainability. � � � Work Morocco recalls Ambassador to France amid simmering tensions Morocco, on Friday, called back its Ambassador to France, the North African Kingdom's Foreign Ministry announced. The termination of Mohamed Benchaaboun's duties in Paris came in accordance with Ro... 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Work Kobe Bryant jersey from MVP season sells for $5.8 million Bryant wore the iconic jersey during several games of his only MVP season in 2007-08. � Work Tempting back older workers means ditching business as usual Stereotypes about curmudgeons have to go, along with dreary jobs and the expectation of a work-free retirement Work Violence outside British hotel for asylum seekers leads to 15 arrests British police said on Saturday 15 people, including a 13-year-old child, had been arrested after a protest by crowds outside a hotel housing asylum seekers turned violent, causing injuries and a police van being set on fire. � Work More than 90% of millionaires used these five tools to build wealth Most millionaires aren't the jet-setters you see on television, according to author Chris Hogan. They accumulated wealth over time by making wise decisions. Work I'm a psychology expert in Finland, the No. 1 happiest country in the worldhere are 3 things we never do For five years in a row, Finland has been ranked the No. 1 happiest country in the world. A Finnish philosopher and psychology expert shares the habits that make people in Finland so exceptionally satisfied with their lives. � Work Author questions 'frugality, saving, and investing' after caring for dying patients Dr. Jordan Grumet is the author of "Taking Stock: A Hospice Doctors Advice on Financial Independence, Building Wealth, and Living a Regret-Free Life." Work Turkey to act against those involved in looting, Erdogan says Turkish President Tayyip Erdogan said on Saturday the government would take action against those involved in looting and other crimes in the region hit by this week's devastating earthquakesas the issue of security there came into focus. Work The growth of the finance industry is strangling the UK economy 'In pursuit of the high returns in the shortest possible time, the finance industry has moved into the high street.' Work German groups suspend Turkey quake rescue over security Two German aid organisations suspended rescue operations in quake-hit Turkey on Saturday, citing security problems and reports of clashes between groups of people and gunfire. Work 65-year-old retiree left the U.S. for Mexico: 'I now spend $160 a month on eating out and shoppinghere's a look at my typical day' Thinking of leaving the U.S. for Mexico? Janet Blaser did just that in 2006, when she moved to Mazatln to retire. Here's a look at what she doesand how much she spendsin a typical day. Work Torfaen: Monthly bin collection idea to encourage more recycling Council considers reducing black bin collections to curb recyclable waste from being thrown away. 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Work The post-pandemic corporate profit boom in America is over: More margin pressure ahead © 2023 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information | Ad Choices FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Terms & Conditions. Powered and implemented by Interactive Data Managed Solutions. Work Tintin drawing by Herg sells at auction for record 1.9m "General de Gaulle once declared: 'My only international rival is Tintin.' This sale in the world of Hergé, with this new record for an original drawing in black and white, confirms it," said Éric Leroy, cartoon expert at Artcurial. Work Cities, cycles and San Franciscos 'return' Here’s why this is important, in Davis’ words: “Discussions about diversity are more important than ever as AI enters a new golden era. Every new technology that appears seems to be accompanied by some harrowing consequence. So far, AI has contributed to racist job recruiting tactics and slower home approval rates for Black people. Self-driving cars have trouble detecting dark skin, making Black people more likely to be hit by them; in one instance, robots identified Black men as being criminals 9% more than they did white men, which would be put under a new light if judicial systems ever [began] adopting AI.” Work AI is coming to your Bing and Google searches, Apple's M2 chip and Super Bowl streaming For cybersecurity pros: Contributor David J. Bianco writes about the defender’s dilemma: “The idea that attackers have all the advantages and that defenders must be passive and wait for something to respond to is practically an axiom of cybersecurity. It is also a lie.” Work Democratizing good privacy and compliance practices However, meeting governance, risk and compliance (GRC) standards and proving that you’ve done so used to be very expensive. A new wave of startups that are helping others prepare for compliance audits has cropped up, but entrepreneur Sravish Sridhar thinks that more can be done. Work Americans watch their spending as they burn through pandemic savings We usecookiesand other data for a number of reasons, such as keeping FT Sites reliable and secure,personalising content and ads, providing social media features and toanalyse how our Sites are used. Work BBC chairman Richard Sharp breached standards expected for job application Daisy Cooper, the Liberal Democrats' deputy leader, said the report raised questions for Johnson. "Boris Johnson must now also face the music and answer questions from an independent inquiry," she said. "The ministerial ethics adviser must start an investigation." Work As Super Bowl Fans Arrive, Phoenix Seeks to Present a New Face But for her and the other artists involved, the result was a rare evocation of the role of Indigenous people in the region’s history and the reverence that the states’ 22 tribes feel for the land itself. And her sense of pride reflects the kind of sentiment that city leaders want all residents to experience. Work Boy, 12, Is Fatally Shot by Owner of Stolen Car in Denver, Police Say In 2021, the child death rate from guns was the highest it has been in more than 20 years, according to provisional statistics from the Centers for Disease Control and Prevention. 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Work Following a Two-Year Decline, Suicide Rates Rose Again in 2021 “It’s just become completely untenable,” he said. “We shouldn’t be surprised that some kids are experiencing a worsening of their symptoms to the point where suicide is more common.” Work Overpacking, shrinkflation may mean you get less for your money for Valentine's Day gifts this year \"When you notice that the package is smaller or you\'re getting less for the same price, it\'s especially frustrating,\" Emily Moquin, food and beverage analyst at Morning Consult, previously told CNBC.com. Work Can the N.F.L.s Rules for Team Ownership Survive its Skyrocketing Valuations? It’s also unclear whether campaigns to raise awareness about sex trafficking are effective at addressing it. “If we want to protect people who are being trafficked, we need to protect sex workers because they are the most vulnerable for that happening to them next,” Kristen DiAngelo, executive director of the Sex Workers Outreach Project in Sacramento, told The Washington Post ahead of last year’s Super Bowl. Work Elon Musk's Neuralink is under investigation for possible unsafe transport of contaminated hardware \"This is a whole other thing that obviously affects not only the animals involved, but the people working at Neuralink, the people working at UC Davis and everyone they came in contact with,\" he said.   Work Tom Cruise parachuting into the Super Bowl? You can bet on it | CNN That's likely because in 2018 when the Philadelphia Eagles won yellow Gatorade was poured on then coach Doug Pederson. If you are wondering what color the Kansas City Chiefs used when they won in 2020 it was orange. Work 10 years and $12 million later, residents fight against spaceport | CNN Business Most stock quote data provided by BATS. US market indices are shown in real time, except for the S&P 500 which is refreshed every two minutes. All times are ET. Factset: FactSet Research Systems Inc. All rights reserved. Chicago Mercantile: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC and/or its affiliates. Fair value provided by IndexArb.com. Market holidays and trading hours provided by Copp Clark Limited. Work Hear why Penn Badgley wants to stop doing sex scenes - CNN Video Work Kaya, a service dog who helped her owner advocate for PTSD treatment and veterans' health, has died | CNN "I can't tell you how many veterans have messaged me and reached out to me in years past and even now and said, 'you know, Kaya inspired me to get my own dog, because I saw you talk about how powerful she was for you, and if I had not done that, I would have killed myself.' And I think that is Kaya's most profound and powerful legacy." Work Will Ferrell is the latest Hollywood star to visit Wrexham - and posts a hilarious tweet | CNN Ferrell and Reynolds starred in the 2022 Christmas film "Spirited" together, while Ferrell has also invested in a football club, Los Angeles FC, alongside NBA legend Magic Johnson, two-time Olympic champion Mia Hamm and Brooklyn Nets part-owner Joe Tsai. Work Opinion: Honor Tyre Nichols by reimagining public safety | CNN Here in Memphis, we're not going to stop pushing, along with our community partners, for data transparency, for better training, for more accountability. As we continue to grieve, we are also in building mode, looking to continue sharing demands from the families of those victimized by police violence even as we sharpen our own calls to MPD and local government here for the resources to promote cultural transformation around policing and truly reimagine public safety. Work As Anger Swells Over Quake, Turkey Detains Building Contractors Ben Hubbard and Safak Timur reported from Adiyaman, Turkey; Hwaida Saad from Beirut, Lebanon; Raja Abdulrahim from Antakya, Turkey; Gulsin Harman from Istanbul; and Steven Erlanger from Brussels. Farah Mohamed contributed reporting from London. Work Anger Over Quake Response Challenges Erdogan Ahead of Election “We failed this test,” said Ismail Ozaslan, 58, a long-haul truck driver in a park in Gaziantep where part of his family was cramped inside a tent. “We are like patients left to die. There is no management here.” Work A Skeptic in Football Paradise As I walked the streets and talked to fans at the sprawling football-themed carnivals in downtown Phoenix, Hamlin and Tagovailoa were rarely mentioned. When I prodded, I was often told about the power of prayer and the significance of miracles, that Hamlin’s brush with death was merely a freak thing, that quarterbacks like Tagovailoa know the risks, so, hey, what to do? Work How the Language of Therapy Took Over Dating Mx. Campeau, the 23-year-old actor, saw the language of therapy surge while they were dating and has tried to temper the urge to overuse it in their relationship. When Mx. Campeau leaves a mound of dishes in the sink, for example, a behavior that they said reminded their girlfriend of a particularly messy ex, they avoid using words like “triggered.” Instead, they discuss why the dishes can make their girlfriend think about her ex. Work Opinion | Scranton Joe Is Ready to Go The Times is committed to publishing a diversity of letters to the editor. We’d like to hear what you think about this or any of our articles. Here are some tips. And here’s our email: letters@nytimes.com. Work Opinion | A Girl Trapped Under Fallen Concrete. A Man Unsure of What to Do. The Times is committed to publishing a diversity of letters to the editor. We’d like to hear what you think about this or any of our articles. Here are some tips. And here’s our email: letters@nytimes.com. Work Opinion | Two-Thirds of Kids Struggle to Read, and We Know How to Fix It The Times is committed to publishing a diversity of letters to the editor. We’d like to hear what you think about this or any of our articles. Here are some tips. And here’s our email: letters@nytimes.com. Work Opinion | Will Trump and Biden Gang Up on DeSantis? The Times is committed to publishing a diversity of letters to the editor. We’d like to hear what you think about this or any of our articles. Here are some tips. And here’s our email: letters@nytimes.com. 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