GREECE approaches a real deadline with creditors on June 5th, America's economy shakes and China's stock market wobbles
Chieh Huang, the chief executive of Boxed, wants the children of all his employees to have access to a college education and he's offering to pay for it
Even the Swiss government is naming names, as the global hunt for tax evasion continues.
When the NBA's MVP lit up the Rockets in Game 3 of the Western Conference finals, he moved Golden State closer to its first Finals berth since 1975 while putting on a performance that hadn't been seen since Jordan's days more than two decades ago.
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This week’s Android Circuit highlights a number of stories including the low sales of the Samsung Galaxy S6 family, the early arrival of the Samsung Galaxy Note 5, early reviews of the Sony Xperia Z4 tablet, Microsoft Office preview for Android, the new OnePlus 2 handset is benchmarked online, Android Wear updates, MixRadio arrives on the platform, and the release of AdBlock's Android browser.
Here are five deadly personal branding mistakes to avoid!
The world’s third-richest man weighed in on the national debate over rising levels of income disparity in the United States yesterday, saying that while the gaps between the country’s haves and have nots are definitely increasing, it is not the fault of those at the top. Nor will it be [...]
Collecting $83M in damages would be nice, but not if you are taxed on more than you actually collect.
The best examples of things that motivate others over the short-term almost always involve surprise and delightdisndi
LOTS of people debate and campaign against austerity, but what exactly is it? Dictionary definitions vary. Merriam-Webster defines it as
a situation in which there is not much money and it is spent only on things that are necessary
or
enforced or extreme economy
An austere individual would be someone who lives within their budget, that is, spends less than their annual income. Anyone who has lived through a round of cost-cutting at a company will know it usually involves absolute reductions in spending; a clampdown on expenses (taxis, overseas trips) and staff redundancies.
But that is not what economists tend to mean when they talk about austerity. A government can impose an austerity programme and still spend far more than it receives in the form of taxes; indeed the British coalition government had a deficit of 9.3% of GDP in the first year of austerity, a very high figure by peacetime standards. But because this was less than the 11% of GDP in the year before, it counts as austerity.
What economists generally mean by austerity is a reduction in the "structural deficit" of the government, that is, ignoring the effects of the economic cycle. The automatic stabilisers of the economy...Continue reading
For those who use Pinterest to reach an audience, there is good news -- the image and link database is rolling out new advertising solutions that include video ads. The big news is the unveiling of "Cinematic Pins", Pinterest's take on the autoplay video ad. Will your business be the next in line to advertise on Pinterest?
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Ride-hailing service Uber is testing, again, to see whether new drivers are willing to do the same job as others for less pay. Uber is bumping up some drivers' commission to 30%, its highest level ever, the company told FORBES Monday. In a new pilot program in San Francisco, a small [...]
Brian and Stephanie finally worked things out and Stephanie's due back at work on Monday. But now there are other changes afoot!
I don’t often write headlines that I, myself, hate. My title implies some sort of too-cool-for-school hipster attitude about Game of Thrones, implying I think it’s “over” or “out” or “not on fleek” or whatever the kids are saying these days. But what I’m actually trying to do is set up [...]
This week’s Android Circuit highlights a number of stories including the new Samsung Galaxy S6 Active, previewing the LG G4, HTC's Butterfly J mid-range handset, Android's mobile advertising win over Apple, Android M hardware specifications and features, Nova launcher's material version leaves beta, and Sega abandons certain games.
How many interviews should a job-seeker sit through before deciding that s/he's had enough? Liz Ryan weighs in
Tales from the HR Vault -- ten stupid things Liz has fired people for doing at work
Interview with Humans of New York founder Brandon Stanton and Tea With Strangers Founder Ankit Shah. After 6,220 conversations in the past few years, here's what they learned.
When Kathryn Minshew set out to raise seed money for her startup, she felt like Oliver Twist. Despite Y Combinator alumni credentials and some early buzz, Minshew and her cofounders faced dozens of rejections as they looked for money to get off the ground. Their company, then called The Daily Muse, [...]
HOW strong is the American economy? Forecasters are pretty confident; the average prediction is for 2.6% GDP growth this year and for 2.8% next. But actual growth was just an annualised 0.2% in the first quarter and, after disappointing retail sales numbers for April , the Atlanta Fed's GDPnow model, which was pretty accurate about Q1, is going for just 0.7% annualised in Q2 . Citigroup's economic surprise index (which shows whether data have been better or worse than forecasts) has been relentlessly negative since the start of the year.
Does this mean the US is heading towards recession? Not necessarily. Whether or not you call it "secular stagnation", the developed economies are in an era where growth seems to be stuttering; last year's first quarter dip in GDP was a case in point. However, as HSBC points out, it is now six years since the US economy bottomed - a reasonably long cycle by pre-1980 standards. Suppose that developed economies did slip back into recession. What could the authorities...Continue reading
WITH inflation at 0%, setting interest rates at the Bank of England may at first look like an easy job. Launching its latest Inflation Report today, Mark Carney, the bank's governor, confirmed that inflation should be back on target at 2% by 2017. This suggests market expectations of a first rate rise in the middle of 2016 are roughly right. Yet two important messages in the report suggest that setting interest rates is a much harder task for the bank than it may first appear. One area of uncertainty is the scale and impact of the budget cuts that the new Conservative government, elected on May 7th, seeks to implement. The other is the bank's expectation that in the long run, rates will be lower than before the crisis as a result of a long-run stagnation in demand. The size and scale of the responses needed to guard against these risks are uncertain.
Top of the list of challenges facing the bank, according to Mr Carney, is responding to fiscal policy. To meet its inflation target, the bank has to respond to cuts in government spending which would weaken demand, lower growth and...Continue reading
Researchers claim to have found definitive evidence of Philip II and a Scythian princess in an ancient Greek tomb, but what do the skeletons really tell us?
Nothing is ever really free...
With the NFL handing out severe discipline to Tom Brady and the New England Patriots based on shaky evidence in 'Deflategate', how much longer is Roger Goodell commissioner of the NFL?
Powerful Victims A decade ago while working at a large bank, John hit what he perceived at the time to be a low point in his career. He had just returned to New York after completing a four year expatriate assignment in Asia. His bosses had called him back to a [...]
InsightSquared, Paxata, Trifacta, Cloudera, Birst, Sumo Logic, Gainsight, Google, Ayasdi and Visier are the most recommended big data and business analytics companies by employees to friends. These and other insights are from an analysis completed today comparing Glassdoor ratings by the companies listed in the latest Computer Reseller News Big Data [...]
This morning's announcement that national unemployment fell just 0.1% in April--to 5.4%--was a disappointment to many, but cities across the country seeing strong opportunities in a range of industries, many while maintaining unemployment rates far below the national one.
WITH today's good news from the Labour Department's jobs report, markets are pondering when the Federal Reserve’s first rate hike might take place. The Fed has said that it will begin raising short-term interest rates once the economy is starting to reach full employment and inflation no more than 2%. With inflation running below target, the labour market is likely to factor heavily in the Fed’s decision.
One key indicator to assess the health of this is America's unemployment rate. But this may be less useful now than it once was. Although the number of jobless Americans has fallen, the share of the working-age population in the labour force has also dropped considerably, from 66% before the financial crisis to less than 63% now. Temporary factors have affected the statistics, but much of the change has been driven by structural factors, such as retirement of the baby-boomer generation and rising college enrollment. These developments may explain why, as the unemployment rate has fallen from 10% in 2009 to 5.4% today, the Fed’s target...Continue reading
How do you deal with the death of a loved one and move on in our fast-paced world? You need to take time to grieve and not just push your feelings aside.
THE pound jumped in the foreign exchange markets as soon as the exit poll was released last night, and it consolidated its gains as the actual election results confirmed the initial news of a Tory romp. Having started the night at $1.5263 and €1.3541, the pound had jumped to $1.5521 and €1.3831 by 5.45am. Investors had clearly expected a much more muddled result, with days or weeks required to form a government. They were thus pleased both at the relatively decisive nature of the result and that a business-friendly Conservative party had been returned.
The result was also expected to give a boost to the equity market, with spread betters indicating that the FTSE 100 index would open almost 90 points, or 1.3% higher. The result was likely to be positive for the banking and energy sectors, which were expected to be hit by higher taxes and price freezes under a Labour government.
Nevertheless, both the pound and...Continue reading
Vortex Bladeless is a radical company. It wants to completely change the way we get energy from the wind. Think wind stick instead of a massive tower with blades that capture blowing winds. Wind stick. Really. Lest you think I’m mad, I've included a picture of this bladeless generator that helps [...]
Nashville, Tennessee, tops this list of the cities with the highest levels of employee engagement.
The story started like so many dozens of others – but it ended better than most. After a mother spoke up about illegally being asked to cover up while breastfeeding in a small Illinois town restaurant, all hell broke loose on social media. But the painful experience led to learning and offers [...]
WHEN it comes to the economic impact of demography, Japan is the wizened canary in the world’s coal mine. It has become older faster than any other big country: its median age went from 34 in 1980 to 46 today, and will continue rising for decades. But it will soon have plenty of greying company, from wealthy countries such as Finland and South Korea to developing giants, including China and Russia. Economists generally agree that the ageing of populations leads to slower growth, because a country’s potential output tends to fall as its labour force shrinks. They also expect heavier fiscal burdens, with governments providing for more pensioners from a smaller tax base.
Until recently, though, there had been little research into how demography affects inflation. The Japanese example of persistent deflation over the past two decades was seen as evidence enough that prices fall when countries age and their growth slows. Shinzo Abe, Japan’s prime minister, has sought to disprove that, espousing massive monetary easing to get prices rising. With inflation slumping far below the Bank of Japan’s 2% target in recent months, it is tempting to conclude...Continue reading
The boxing match-up Saturday night was billed as the "Fight of the Century", a massively hyped event. A series of events made the bout the "Fraud of the Century", starting with the fact that the century is only fifteen years old. It was the match that every boxing fan wanted [...]
WHILE lovers of political theatre will be glued to their televisions on election night, traders will be glued to their Bloomberg terminals. If the last election is anything to go by, there will be plenty of opportunity for those looking make money on foreign-exchange markets, which remain open throughout the night.
A key lesson from the last election, held on May 6th 2010, is that exit polls matter. Back then, just after the main 10pm polls were published, sterling rallied for two minutes on the back of the news that the Tories had won (see first chart). But it then dipped sharply, by 1.5% within 15 minutes, as the markets realised that they did not have a majority (panic)—and that there could even be a Labour-Liberal Democrat coalition (double panic). Then, as results began to trickle in throughout the night, sterling strengthened whenever there...Continue reading
Creatives have been categorized by many as bonkers, chaotic, disruptive and troublemakers — yours truly included. But isn’t that what it takes to embrace a mindset that leads to success? If thinking in innovative ways was a mindset embraced by the masses, then wouldn't everyone be able to achieve it? Being innovative makes [...]
Even the most likeable and well-mannered among us can still look like jerks in an email. Writing an email that comes across just like you do in person is a fine art. During a conversation, you adjust your tone, facial expression, gestures and posture in order to fit the mood of [...]
Building videos into your content marketing strategy is a great way to engage and attract new audiences. These eight types of video content are guaranteed to speak to B2B clients and businesses. If you're stuck on the "what kind of video should I make?" question, this post will start your brainstorming session. And, remember, video content can also be easily reused for other purposes, so this is just a starting point for your content marketing strategy.
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THERE was an interesting factoid that we did not have room to mention in our recent piece on the rouble. Though it is still much less valuable than it was a year ago, by some measures it is still very overvalued. The chart below, from Zsolt Darvas of Bruegel, a think-tank, shows the “real effective exchange rate” for four currencies: the rouble, the dollar, the “German euro” and the “Greek euro” (the last two indices adjust the value of the euro for inflation in Germany and Greece). It is indexed to May 2000, the month that Vladimir Putin first became president of Russia.
The real effective exchange adjusts the market exchange rate for inflation. This is an important adjustment. If the exchange rate between two countries is fixed, but their inflation...Continue reading
"People keep asking if I'm back and I haven't really had an answer, but yeah, I'm thinking I'm back." That quote-worthy line, which was featured heavily in the trailers, works both as a declaration of the film's lead character, as well as a commentary on the reemergence of its lead actor. It is [...]
"The first principle is that you must not fool yourself – and you are the easiest person to fool." Are we poised to explore the stars with new technology, or are we committing the cardinal sin of bad science?
HBO and Showtime, which have the rights to this weekend's boxing match between Manny Pacquiao and Floyd Mayweather Jr., are getting their gloves on early, taking action against two pirate sites that were planning to stream the fight. Along with promoters Top Rank and Mayweather Promotions, they have filed a complaint [...]
It would be almost three hours until Tesla's big announcement, but inside a Northwestern University classroom near Chicago Thursday night, the famed nuclear critic Arnie Gundersen had the inside scoop: Tesla Motors CEO Elon Musk was about to announce an industrial-scale battery, Gundersen said, that would cost about 2¢ per kilowatt hour, putting the final nail in the coffin of nuclear power.
If your job is chock full of challenging thinking tasks, your brain may be getting a positive boost that will help prevent memory loss and thinking decline later in life, according to a new study. Adding to an already robust catalog of research showing that thinking-related challenges are like exercise for [...]
