The Financial Times recently learned that the Financial Stability Board, a global regulator focused on the G-20, has created a list of 30 financial institutions considered systemically important in case of a future financial crisis. The companies on the list are likely to spread systemic financial risk around the world. To prevent contagion, regulators plan […]
Bankruptcy, foreclosure, repossession – just a few of the words that come to mind when we hear the phrase ‘credit crunch’. But for a select few the global financial crisis has generated cash, acquisitions, bonuses and, er… $1000 garbage bins!? Take a look at Business Pundit’s round up of the biggest winners (and one loser). […]
When I heard the GOP accuse the Obama speech to kids of pushing a socialist agenda, I had to get my hands on a copy of the transcript. This complete transcript comes from Whitehouse.gov. This rather boring, predictable speech turns the socialist agenda hype on its head: Hello everyone – how’s everybody doing today? I’m […]
Monopoly City Streets, a new version of online Monopoly you can play through Google maps, goes live September 9. The game, co-sponsored by boardgame company Hasbro, allows you to build and trade property with other participants in real time. The online game will last four months. Hasbro plans to promote its new Monopoly City Edition, […]
It seems oddly fitting that news of Dominick Dunne’s death is lost in the coverage of Ted Kennedy’s. Dunne wrote about the lives of the rich and powerful, including the Kennedys. The Australian has a nice piece, by — get this Dominic Dunne. DOMINICK Dunne, the celebrated American novelist and diarist who dissected the crimes […]
Will we work our entire lives? The Economist’s The End of Retirement addresses this question. It discusses how demography in rich countries will affect the way corporations and governments react to retirement: WHEN Otto von Bismarck introduced the first pension for workers over 70 in 1889, the life expectancy of a Prussian was 45…(By) 1935, […]
I love a good conspiracy. This one, involving Great Depression-era businessmen attempting to overthrow President Roosevelt in a military coup, just about beats them all: In the summer of 1933, shortly after Roosevelt’s “First 100 Days,” America’s richest businessmen were in a panic. It was clear that Roosevelt intended to conduct a massive redistribution of […]
Vending machines have been around since the first century AD. By today’s accounts, even the first vending machine, which dispensed holy water to temple visitors, was weird. The tradition continues. This month alone, Germans released a 24K gold bar vending machine, and an Italian entrepreneur exhibited a machine that makes pizza from scratch. These machines […]
Like many freelancers, I find myself trying to pack more into a 24-hour day than is humanly possible. It’s not just us lone business people who do this. I know plenty of professional, executives, and full time parents who do the same thing. And what do we do when we simply run out of time? […]
Parks and Recreation‘s Aziz Ansari is calling for a boycott of IMAX, AMC, and Regal theaters. He claims the theaters are duping people by charging an extra $5 for IMAX shows that aren’t actually shown on IMAX-sized screens. Ansari explains the debacle in his blog: I went with a friend of mine to see Star […]
The current financial crisis has an Achilles Heel: Who can we blame? No single person orchestrated, coordinated, and managed the financial disaster. Unless you believe the devil or the Illuminati were behind it, the financial disaster remains more of a systemic problem than one of twisted minds. But there are key players involved. They are […]
The Gibbs Aquada car, an amphibious car that turns into a boat, will be coming to the US in 2011.* The Aquada acts like a normal convertible until you drive it to the edge of the water. At that point, you push a button, drive into the water, press the gas, and, in 12 seconds, […]
Let me ask you a quick question: What demographic comes up with the best April Fool’s pranks? College students? Internet pranksters? Independently funded joke-lovers? You might be surprised to find that companies–including media outlets–comes up with some of the most creative and believable pranks of all. Here’s a list of the 10 most hilarious April […]
In the contemporary marketplace, most bigger, new businesses start as a result of years of market research, planning and strategic investment. Venture capitalists and big-money consultants get together with ideas that are based on years of experience and expertise, and they work in order to maximize profits. While, there are still millions of entrepreneurs and […]
These are mellower quotes that err on the humorous side of things: 25. “True love comes quietly, without banners or flashing lights. If you hear bells, get your ears checked.” Erich Segal 24. “Love is grand; divorce is a hundred grand.” Anonymous 23. “I was nauseous and tingly all over. I was either in love […]
