Florida Travel: A Look Inside the New 1 Hotel in Miami

Typically, a 1 Hotel space follows a stunning design aesthetic with a focus on preserving the natural elements of its surroundings and the new location in Miami’s South Beach is no different. The company’s motto follows on from the idea that the world around us is beautiful and it aims to keep it that way. The newest addition incorporates nature into every element you can touch, see, smell and taste. The rooms, designed by New York boutique Meyer Davis Studio Inc, adopt a contemporary aesthetic, with each room positioned in a way that captures natural light, facilitating a seamless transition between indoor and outdoor spaces. The pool and cabana area was designed by Nikola Gradinski of NGNY and can only be described as an open-plan nirvana that capitalizes on the beauty of the South Beach skies. The hotel also features an on-site bar, restaurant, gym and many other luxury amenities. For more more information, visit 1 Hotel’s official site.

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5 Common Traits of Entrepreneurs

If you are interested in becoming an entrepreneur, or you already are one, these 5 traits may help you kickstart or improve your entrepreneurial journey towards success. Let’s take a look!

1. Self-Love
First let’s set the bottom line here. I’m not talking about people who are ‘all about themselves’ or whom are ‘conceited’ but simply love themselves enough to not settle for what their lives are at this very moment, meaning they’re always giving themselves permission to want better and for more out of life. They will not let anyone get in their way of their ideas, visions, and goals because they are relentless!

2. Investing In Themselves
Entrepreneurs, and most people, generally know that they are not perfect. They know that to be consistent with themselves, their relationships, and business(es) (etc), they feel obligated to keep improving as individuals in every aspect of their lives. Whether it’s reading everyday, researching their industry, exercising, eating healthy, etc. They do whatever is it that they need to do to perfect their craft as much as possible to be prepared for the next flood of opportunities that come.

3. Take Risks
To every situation at hand there is always 2 sides of the coin, which in this case, the pros and cons of taking the risk of becoming an entrepreneur. Majority of entrepreneurs have at least taken some of these risks already or are going to in the near future:

  1. ‘Taking the leap of faith’ in becoming an entrepreneur
  2. Abandoning a steady paycheck
  3. Personal time and health (working hard/smart = less sleep)
  4. Sacrificing personal money
  5. + More

To become ahead of others, entrepreneurs are always prepared to take calculated risks. “The separation is in the preparation” – Russell Wilson

4. Learn From Their Failures
In life you will fail, there is no doubt behind that. Entrepreneurs know that overcoming failures is a step towards success. They embrace their set backs, no matter how big or small because they see that they don’t always win and they live to dominate another opportunity. – While the school system generally forces you to memorize and minimize your mistakes, it’s hard to adapt from that mindset of not making any at all; that’s how you learn.

5. Inspire Others
The characteristics of an entrepreneur; passionate, resilient, hardworking, positive, vision implementor, motivating, dedication, disciplined, organized, etc. By making big life changes, moving forward, accomplishing their goals, one right after another they are bound to reach out and inspire at least one person. Personally, I was inspired to start this magazine.

On Tax Day, Should We Ask Why The NFL And NCAA Don’t Pay Taxes?

Today is April 15, but it’s not just a number on the calendar. Guess what else happens today! If you guessed National Glazed Spiral Ham Day, you’re technically correct, but also very strange. No, it’s Tax Day, the day where thousands of young Americans open up Twitter in the morning and say, “Oh crap, I forgot to do my taxes.” Well, those folks can be comforted in the knowledge that the NFL, the NCAA and many other professional sports organizations are having that same moment. Well, except for the, you know, paying them part.

Will Hobson of the Washington Post published a thorough breakdown of how and why large sporting organizations with revenues in the millions and billions don’t have to pay taxes. The short version is that the government considers them nonprofit organizations, which makes them exempt from income tax.

If you think this is unfair, then you have something in common with quite a lot of smart people, including members of Congress from both parties. Yes, both sides of the aisle agree on an issue, and they still haven’t been able to do anything, mostly because all of these very wealthy, powerful (non-profit!) organizations are fighting them at every turn, presumably with the piles of cash they have lying around in their vaults labeled “Should Have Gone To Income Tax.”

Let’s try to be fair here. Every NFL team is for profit, and they’re the ones who sell the tickets and the jerseys and make the money to be taxed. I mean, it’s not like you can buy merchandise that’s just for the NFL itself, right? Oh, they do, and it’s called (ugh) Shield Merchandise… 269 items, you say? Well, maybe we should hear what they have to say for themselves. In an email to the Washington Post, NFL Spokesman Brian McCarthy said, “The League Office has always been a nonprofit because it does not engage in income-producing or profit-making activity.” So, I guess all that Shield Merchandise is the NFL’s equivalent of Live Strong bracelets then… just raising awareness for the cause.

The NCAA, PGA, NHL and more each have their own exemptions, too, and I’m sure they’re just as dubiously justified. But only one of those organizations paid their top executive $44 million in 2014. Because Roger Goodell is such a great public servant, you see.

Is the Internet Killing Middle Class Jobs?

The robopocalypse for workers may be inevitable. In this vision of the future, super-smart machines will best humans in pretty much every task. A few of us will own the machines, a few will work a bit — perhaps providing “Made by Man” artisanal goods — while the rest will live off a government-provided income. Silicon-based superintelligence and robots will dramatically alter labor markets — to name but one example, the most common job in most U.S. states probably will no longer be truck driver.

But what about right now? If you’re unemployed or working part-time instead of full-time, or haven’t seen a raise in years, should you blame technology?

Yes, says venture capitalist and former Intel executive Bill Davidow. In a provocative piece for Harvard Business Review, “The Internet Has Been a Colossal Economic Disappointment,” Davidow makes a strong claim: “For all its economic virtues, the internet has been long on job displacement and short on job creation. As a result, it is playing a central role in wage stagnation and the decline of the middle class.”

Just look at how Amazon is disrupting brick-and-mortar retailing. And even though tech firms such as Google and Facebook generate huge revenues, they employ comparatively few people versus industrial giants of the past, such as IBM or General Motors. In the 1970s, General Motors employed more than 600,000 people, 10 times more Google and Facebook combined.

To accept Davidow’s broad conclusion, though, one also has to believe workers across many sectors would be a lot better off today if the internet had not been invented. That’s an unlikely counterfactual. Just look at how the labor market has been doing. The U.S. economy has generated 3.3 million jobs over the past year, the best 12-month performance since 2000. And accelerating job growth has pushed down the unemployment rate to 5.5 percent, within the range the Federal Reserve considers full employment.

Now it’s true that the low jobless rate has been accompanied by declining labor force participation. If you’re not “participating” in the job market by actively seeking work, you aren’t counted as unemployed. Indeed, if the labor force participation rate was where it was in 2007, the jobless rate would be 10 percent. But most economists mainly blame lower participation on Baby Boomer retirements and the slow recovery — the latter is typical following financial crises — not the internet.

Of course, the 2000s overall have seen weak job and wage growth. But David Autor, one of the leading researchers on the interplay between automation and jobs, doubts the internet or robots are to blame. As Autor writes in a recent paper:

My suspicion is that the deceleration of the U.S. labor market after 2000, and further after 2007, is more closely associated with two other macroeconomic events. A first is the bursting of the “dot-com” bubble, followed by the collapse of the housing market and the ensuing financial crisis, both of which curtailed investment and innovative activity. A second is the employment dislocations in the U.S. labor market brought about by rapid globalization, particularly the sharp rise of import penetration from China following its accession to the World Trade Organization in 2001.

None of this is to say technology isn’t having a harmful impact on certain workers. Autor’s own research has noted a decline in “middle skill” jobs, including clerical work and some sorts of repetitive factory work, due to automation. But the rise of the machines appears a secondary cause of worker woes, at least for now.

As for tomorrow, who knows? Thankfully, many of the best ideas to help workers deal with advancing automation are also applicable in a “great stagnation” scenario. Expanding wage subsidies like the Earned Income Tax Credit is a smart way to make work pay more, and Davidow is right to recommend it. Same goes for eliminating excessive occupational licensing regulations that make it hard to start the sort of businesses — interior design, hair-dressing, beauty treatment — that are robot-resilient and provide a first step up the opportunity ladder.

There’s no economic law that technology always makes workers better off, even in the long run. We should be preparing now just in case it doesn’t.

A Look Inside the Marshmallow Peeps Factory

Here’s a peek inside an awesome and, as far as we’re concerned, magical place that we’ve always wanted to visit, the marshmallow Peep factory! Whether you prefer them fresh or stale, Easter just wouldn’t be the same without them. Actually, these days, pretty much any holiday would be lackluster without a few sugary peeps to hand.

The New York Times recently went inside the Pennsylvania-based, family-owned Just Born factory and shot some great images of how their Peeps marshmallow candies are made. The full set of images can be found at The New York Times.

It takes six minutes to make a Peep. Ingredients are mixed, air is injected and the emerging Peep is blasted with a sugar shower and decorated with two tiny eyes made of edible wax.

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