When the facts change, I change my mind. What do you do? -- John Maynard Keynes

Wednesday, December 31, 2014

Cigars, Vintage Tobacco, Expensive Smokes (video)

Expensive Cigars That Cost $47,000: Video - Bloomberg:
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What Makes These $47,000 Cigars Special?--

When some of the world's most expensive cigars are auctioned--investors from China, the U.S., and Europe spend tens of thousands of dollars on the vintage tobacco. So just what makes these smokes so special? (Source: Bloomberg 12/1/2014)

Tuesday, December 30, 2014

Greece Faces Snap Election as President Pick Fails (video)

Greece Faces Snap Election as President Pick Fails: Video - Bloomberg:
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Greece faces snap elections next month after Prime Minister Antonis Samaras failed in his third attempt to persuade parliament to back his candidate for head of state. Bloomberg’s Elliott Gotkine and Joe Weisenthal report on “In The Loop.” (Source: Bloomberg 12/29)

Monday, December 29, 2014

European Economy In A Difficult Position For Years (video)

European Economy in Difficult Position for Years: Del Ama: Video - Bloomberg:
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Bruno Del Ama, chief executive officer at Global X Funds, discusses the state of the European economy and how the drop in oil prices is impacting equities. He speaks on “In The Loop.” (Bloomberg 12/4)

Sunday, December 28, 2014

TCS Group Chairman Oleg Tinkov on Russia, Ruble (video)

Russia Is a Difficult Place to Do Business: Tinkov: Video - Bloomberg:
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In an exclusive interview, TCS Group Chairman Oleg Tinkov discusses the decline in the ruble and the business climate in Russia with Bloomberg's Ryan Chilcote on "Countdown." (Source: Bloomberg 12/4)

Saturday, December 27, 2014

The Feinstein Report, Charlie Rose video

The Feinstein Report: Charlie Rose (12/10): Video - Bloomberg:
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On “Charlie Rose,” a conversation about the Feinstein Report, a highly controversial government document released by the Senate Intelligence Committee. Chief White House Correspondent for the New York Times Peter Baker and Washington Post columnist David Ignatius. (Source: Bloomberg)

Friday, December 26, 2014

European Experiment Is Under Real Stress (video)

European Experiment Is Under Real Stress: Peter Henry: Video - Bloomberg:
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Peter Henry, dean at NYU Stern School of Business, discusses the state of the European Union as European Central Bank President Mario Draghi announces the bank’s next move this morning and looks at what has happened with Russia’s economy due to sanctions and the fall of the ruble. He speaks on “Bloomberg Surveillance.” (Bloomberg 12/4)

Wednesday, December 24, 2014

Howard Schultz, Starbucks, Globalizing Coffee (video)

Starbucks CEO Howard Schultz on Globalizing Coffee and Changing the World -

For its 85th anniversary, Bloomberg Businessweek chronicles the most disruptive ideas of the past 85 years. In 1971, Starbucks Coffee opens in Seattle's Pike Place Market. CEO Howard Schultz gave American coffee a story and a lifestyle, taking it out of the kitchen and putting it onto almost every corner in America. (Video by Brandon Lisy. Music by Andy Clausen) (Source: Bloomberg 12/4)

Tuesday, December 23, 2014

Jim Rogers, How To Invest

How To Invest According To Jim Rogers: ".... You will also know when to sell, because you will see before anybody else that the great change you noticed a few years ago is starting to reverse itself – someone is building a cheaper product, the competition has intensified. Let's say you have done that. After ten years you have made ten times your money. Now is when you are most vulnerable. You think: I have to find something else. I have to do it again. This is wonderful. This is so easy. It is the great mistake people make. Now and then a time comes when doing nothing is the wisest course. Most successful investors, in fact, do nothing most of the time. You bought that stock ten years ago, and you did nothing for the next ten years – you did nothing but watch what was going on, nothing but watch for changes. That is how you make money." (source: Business Insider)

Monday, December 22, 2014

Pinewood Studios, James Bond Movies (video)

Pinewood Studio: Why Bond "Spectre" Is Filmed Here: Video - Bloomberg:
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Why 007 Calls This Studio Home--Filming has started on the latest James Bond movie, "Spectre," at Britain's Pinewood Studios. So why has the franchise stuck with Pinewood? Pinewood Studios Historian Gareth Owen explains. (Video production: Tom Mackenzie.) (Source: Bloomberg 8.12.2014)

Sunday, December 21, 2014

Jonathan Miller, Real Estate Expert, Barry Ritholtz Interview

“Masters in Business” podcast: Barry Ritholtz interviews Jonathan Miller, co-founder of Miller Samuel. He blogs at the Matrix Blog and is also a Bloomberg View contributor. He is an expert on real-estate appraisals and transactions, and runs one of the larger appraisal firms. He has created a variety of real-estate data analytics for various regions as well as nationally. He is also sought after as the go-to appraiser for many of the most expensive penthouses in Manhattan. Miller notes that all housing is local, but credit is national. This explains the differences between the middle-class housing market, driven primarily by access to credit, and the high-end one, which has become an almost all-cash market.

Saturday, December 20, 2014

Jeff Bezos on Amazon, Time, Energy

Amazon's Jeff Bezos on profits, failure, succession, big bets -  "Where you are going to spend your time and your energy is one of the most important decisions you get to make in life. We all have a limited amount of time, and where you spend it and how you spend it is just an incredibly levered way to think about the world." (source: Business Insider)

Friday, December 19, 2014

Cuba, United States, Back Channel Relations, Charlie Rose video

`Back Channel to Cuba’: Charlie Rose (12/10): Video - Bloomberg:
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On “Charlie Rose,” a conversation about U.S.-Cuban relations. A new book challenges the conventional wisdom of perpetual animosity between the two nations. It is called "Back Channel to Cuba: The Hidden History of Negotiations Between Washington and Havana". We are joined by the book's authors: Peter Kornbluh and William LeoGrande. (Source: Bloomberg 12/10/2014)

Thursday, December 18, 2014

Vladimir Putin Under Pressure: Oil, Ruble, and Sanctions (video)

Vladimir Putin Under Pressure: Is He Feeling the Weight of Oil, Ruble, and Sanctions? -

Geoff Dennis, global emerging markets equity strategy head at UBS, discusses how the falling ruble is affecting Russian president Vladimir Putin. (12/2 Bloomberg)

Wednesday, December 17, 2014

John McCain, Chuck Hagel, Barack Obama, White House Leakers

If Obama wants to investigate "leakers," he ought to start with his own staff--

Ugly ouster: 'Frustrated' Hagel faces unfair sniping on way out, says McCain | Fox News: "...“Already White House people are leaking, ‘Well, he wasn’t up to the job,’" McCain said. "Well, believe me, he was up to the job. It was the job he was given, where he really was never really brought into that real tight circle inside the White House that makes all the decisions which has put us into the incredible debacle that we’re in today throughout the world.” McCain noted that Hagel characterized the Islamic State as the greatest threat in the Middle East, while Obama was calling them the jayvee (junior varsity) team less than a year ago. He also criticized Obama for failing in areas like the Middle East, Ukraine, and responding to a newly aggressive China...."

Tuesday, December 16, 2014

The Final Days of Bill Gross at Pimco (video)

Inside the Final Days of Bill Gross at Pimco -

On “Before The Bell,” Bloomberg’s Mary Childs has exclusive details on why and how Bill Gross left Pimco. (12/3)

Monday, December 15, 2014

Unsustainable, Dying, Suburbs

Worth a read--

The Suburbs Will Die: One Man’s Fight to Fix the American Dream | TIME: "... Marohn primarily takes issue with the financial structure of the suburbs. The amount of tax revenue their low-density setup generates, he says, doesn’t come close to paying for the cost of maintaining the vast and costly infrastructure systems, so the only way to keep the machine going is to keep adding and growing. “The public yield from the suburban development pattern is ridiculously low,” he says. One of the most popular articles on the Strong Towns Web site is a five-part series Marohn wrote likening American suburban development to a giant Ponzi scheme...." (read more at links above)

Sunday, December 14, 2014

The Vanishing Game, William Boyd, Mixed Media, Land Rover

Interesting--kind of like a movie--https://thevanishinggame.wellstoried.com/

THE VANISHING GAME | LAND ROVER USA: "Land Rover North America released The Vanishing Game, a new interactive, digital book written by internationally acclaimed British author William Boyd. This full-length, original online adventure thriller from the best-selling novelist follows protagonist Alec Dunbar on a suspenseful driving adventure from London to a remote part of Scotland. Starting today, consumers can experience the story, which is brought to life through an interactive platform that invites readers to go beyond its words and fully experience the adventure in an innovative multi-media manner, on a custom Tumblr page at www.thevanishinggame.com. The Vanishing Game begins as a seemingly innocuous transporting job in a weather-battered Land Rover Defender and quickly unfolds into a dangerous plot with a shadowy cast of characters. In a storytelling twist, readers will be drawn into Boyd’s compelling narrative through more than just words. His online thriller is brought to life in a multi-sensory experience through mixed media content, including dynamic video, cinemagraphs, photography, animation, sound, music, and narration in a captivating British voice. Throughout the story, viewers can engage with key words that are embedded with imagery and video. For example, when a user selects the keyword "river," they see video footage of a Land Rover crossng a remote waterway in the Scottish Highlands. "

Saturday, December 13, 2014

Friday, December 12, 2014

Real Estate, Investments, Yale Professor Robert Shiller (Audio)

Masters in Business: Yale Professor Robert Shiller (Audio) by Bloomberg View: Bloomberg View columnist Barry Ritholtz interviews Nobel laureate Robert J. Shiller, Sterling Professor of Economics, Yale University, and Professor of Finance and Fellow at the International Center for Finance, Yale School of Management. He was awarded the Nobel Prize in Economic Sciences in 2013. They discuss Real Estate investments. This commentary aired on Bloomberg Radio.

Thursday, December 11, 2014

CIA: dysfunction, disorganization, incompetence, greed, deception

Nobody prosecuted, nobody lost their job--Bush and Obama--pathetic!

Report Portrays a Broken C.I.A. Devoted to a Failed Approach - NYTimes.com: "...The bitter infighting in the C.I.A. interrogation program was only one symptom of the dysfunction, disorganization, incompetence, greed and deception described in a summary of the Senate Intelligence Committee’s report. In more than 500 pages, the summary, released on Tuesday, paints a devastating picture of an agency that was ill equipped to take on the task of questioning Al Qaeda suspects, bungled the job and then misrepresented the results..." (read more at the link above)

and (via politico.com):

New York Times A1, at fold, "Obama Faulted For Supporting Besieged C.I.A.," by Peter Baker: "Obama's attempt to find a balance on a polarizing issue inherited from his predecessor was seen by ... critics as a failure to hold the agency accountable." http://nyti.ms/1wgfdOs

ANDREW SULLIVAN, "How Obama Backed Impunity For War Crimes": "[T]o refuse to prosecute war crimes is to condone war crimes." http://bit.ly/1wBuUC0

Wednesday, December 10, 2014

Another Thing I Don't Need

One more thing I don't need--

The 1% has bought its own internet. What's next? Words with Rich People? | Jess Zimmerman | theguardian.com: "The rich have better Facebook; the new social network Netropolitan costs $6,000 to sign up plus $3,000 a year, and is specifically geared towards “people with more money than time”. (Or, I might add, sense.) According to Scientific American, the rich get luxury ads and credit and loan offers that the rest of us never see." 

You are as rich as the things you can do without.

Tuesday, December 9, 2014

The Kind of Person We Need As President of the USA

Kakha Bendukidze’s death, in London, came only days before he was expected officially to join Poroshenko’s cabinet.  Instead of the expected announcement, Poroshenko posted the following message on his Facebook page:
“On behalf of the Ukrainian people, I express my sincere condolences to the relatives and friends of Kakha Bendukidze, and millions of those for whom he was and will remain the engine of great change.”(source infra)
I don't know if he or she exists, but this is the kind of person we so badly need as President of the USA--Kakha Bendukidze—the Georgian multimillionaire:

"...With the same tough love that he had inflicted on Georgians, Bendukidze urged Ukrainians to stop blaming others for their problems. “You have broken every world record in idiocy,” he told an audience at the Kyiv School of Economics, in July. “You keep electing populists, people who promise you more. This means you are electing the worst.” He advocated cutting government spending, reducing retirement benefits for public servants, and radically deregulating the economy. Ukraine, he said, in one of his last interviews, had too many ministries and agencies. ”Who needs them when the government’s sole function these days is to take money from the International Monetary Fund and pass it on in payment for Russian gas?” he asked...." read more at the New Yorker

Monday, December 8, 2014

WPP CEO Sir Martin Sorrell, Approach 2015 With Caution (video)

Why WPP CEO Sir Martin Sorrell Is Approaching 2015 'With Caution' -

JPMorgan Chase Bank Chief Investment Strategist Kate Moore and WPP Chief Executive Officer Sir Martin Sorrell, discuss central bank policy, recent highs in stocks and their impact on the economy. They speak on Bloomberg Television's “Bloomberg Surveillance.” (Source: Bloomberg)

Sunday, December 7, 2014

Red Cross, Hurricane Sandy, Relief Effort, Video Documentary

Inside the Red Cross' Sandy Relief Effort: Key Takeaways From ProPublica/NPR Investigation -

Published on Oct 29, 2014 -- Two years ago, Hurricane Sandy spurred more than $300 million in donations to the Red Cross. An investigation (http://propub.ca/RedCrossDisaster) by ProPublica and NPR found that the Red Cross botched key elements of its mission, leaving behind a trail of unmet needs and acrimony. How one of America’s most revered charities put public relations over its relief efforts: http://www.propublica.org/article/the-red-cross-secret-disaster

Edited and produced by Dan Scott Goldstein
Animation by VS.
Script and narration by Amanda Zamora
Red Cross photos by Les Stone / American Red Cross
Rieckenberg photos by David Gilkey / NPR
Pastor photo by J.C. Rice

Saturday, December 6, 2014

Bought a New Vacation Home? I Am So Sorry

"Owning a second home is often far more expensive and stressful than buyers, or dreamers, imagine." (source infra)

Bought a New Vacation Home? I’m So Sorry  - Bloomberg:
Start with the dark side to beautiful weather. Sun, salt and wind are cruel to houses. One owner in Virginia Beach was shocked to learn he'd need new windows every six years. That alone wiped out an entire summer of rental income, says David O’Brien, his adviser. Storms take out roofs, docks and sea walls, replaceable only at exorbitant rates... There are also utilities, association fees and lots of taxes, all often high in resort areas.

Friday, December 5, 2014

Altaira Wealth Management Director Ralph Acampora Interview (audio)

Masters in Business: Altaira WM Director Ralph Acampora (Audio) by Bloomberg View on SoundCloud  Bloomberg View columnist Barry Ritholtz interviews Ralph Acampora, the Director of Tactical Investments at Altaira Wealth Management, a pioneer in the development of market analytics. They discuss modern technical analysis. This commentary aired on Bloomberg Radio. Barry Ritholtz is a Bloomberg View columnist. The opinions expressed are his own.

Thursday, December 4, 2014

Central Bankers, Monetary Policy, Trapped

Central bankers are caught in their own trap - FT.com: 11/2/2014:
The notion that developed economies are in a “liquidity trap” – where printing money no longer has any effect – is treacherous. The problem is partly semantic but semantics can shape politics. A trap is hard to spot and difficult or impossible to escape. The implication is that monetary policy makers have done everything possible. In liquidity trap models of the economy, the central bank is impotent. Although it can create money at will, this power no longer provides influence over interest rates or the ability to give the economy a boost. The reason this is said to happen is a supposed “zero lower bound” on interest rates. Central banks stimulate spending and investment by increasing the money supply. With more liquidity in the economy than people want to hold, they try to buy profitable assets for their cash. This drives market interest rates down. But when nominal rates are (near) zero, investors can hold all the liquidity the central bank throws at them without missing out on returns elsewhere, so money printing loses its power to pull market rates further down – even if that is what the economy needs fully to employ its resources.... (read more at the link above)

Wednesday, December 3, 2014

No One Can Prevent All Abortions, Just Safe Abortions Can Be Prevented

No one can prevent all abortions. You can only eliminate safe abortion | The Guardian:
Diana Whitten, the film’s director and producer who spoke with me by phone from a screening in Vermont, told me that, while it’s not in anyone’s best interest to break the law, “laws never prevent abortion.” “They never have, and they never will. All they prevent is safe abortion,” she said. Women on Waves, she added, will never bring “abortion to these countries - it’s already there.” It’s just illegal.

Tuesday, December 2, 2014

Transsiberian by Private Train (video)

Transsiberian by Private Train -

The epic Private Train Journey on the world's most famous Railway
Further Information: http://www.transsiberian-travel.com
Over 25 years of experience - More than 30,000 satisfied guests.

Director Michael Altenhenne has captured the journey on the Transsiberian by Private Train with his camera in a virtuoso manner. His impressions of Russia, Mongolia and China are perfect to lose oneself in the yearning for or maybe even one's own memories of the last genuine adventure trip on earth. The unique atmosphere onboard the comfortable private train, the sublime mood of the travellers and the natural and cultural wonders en route unfold their irresistible charm in this excellent documentary. Filmmaker: Michael Altenhenne (http://www.visionloft.de)

Monday, December 1, 2014

CityNightLine, To Paris by Train, Deluxe Sleeper Car (video)

CityNightLine - To Paris by Train in Deluxe Sleeper Car with Shower -

German CityNightLine CNL Night Train connects Hamburg, Munich and Berlin each night with Paris, France; I travelled in Deluxe Sleeper Car cabin (Comfortline Schlafwagen Deluxe) which was equipped with an onboard shower; Breakfast was included; Prices in a Deluxe Sleeper cabin start at EUR 139 --Published on Jun 12, 2014 --This train will be cancelled in December 2014!

Sunday, November 30, 2014

London to Scotland Train, Caledonian Sleeper, Train Video

London to Scotland by Caledonian Sleeper train -

A video guide to travel by overnight Caledonian Sleeper train from London to Scotland, showing a 2-bed sleeper, a 1-bed sleeper and the lounge car. 2/25/2012

Saturday, November 29, 2014

Paris to Milan by TGV train (video)

Paris to Milan by TGV train - video guide -

A beginner's guide to travel from Paris to Turin or Milan by high-speed TGV train, showing the train interior & exterior, the scenery and the food on board. Three daily French TGVs link Paris Gare de Lyon with Turin and Milan, from €29 one-way booked direct with French Railways. The video shows the 14:41 from Paris arriving Turin 20:13, Milan Porta Garibaldi at 21:45, with an easy connection from London St Pancras by Eurostar. The video was taken in June, and there was still snow on the highest peaks - the weather wasn't great on this occasion, overcast with brooding clouds, the route looks far better in proper summer sun or winter snow! (February 2013)

Friday, November 28, 2014

Cathay Pacific, First Class, San Francisco to Hong Kong video

Cathay Pacific First Class - San Francisco to Hong Kong - "

"My first class experience flying Cathay Pacific from San Francisco to Hong Kong on a Boeing 747-400. Full trip report with tons of pictures (including the meals) can be found on my blog: http://boardingarea.com " pub.on Sep 28, 2011

Thursday, November 27, 2014

Business Class, London City to New York, British Airways (video)

Business Class London City to New York on British Airways -

A trip report covering a flight on the British Airways all-business class service from London City Airport to New York Kennedy, via Shannon. We travel aboard a specially-configured Airbus A318 with 32 flat bed seats. The report covers departing from London City, onboard service, the pit-stop for refuelling and US Immigration in Shannon, and arrival into New York (pub. 4/9/2013)

Wednesday, November 26, 2014

Vienna to London by Train, in a Single Day (video)

Vienna to London by train in a single day -

A video guide to train travel from Vienna to London in a single day. See the trains, stations, the scenery and food on board. The route is Vienna - Frankfurt - Brussels - London. Published on Jun 20, 2014

Tuesday, November 25, 2014

London to Paris, Eurostar Standard Premier (video)

London to Paris on Eurostar Standard Premier 2013 -

London St Pancras International to Paris Nord in February 2013, travelling on Eurostar in Standard Premier class. Footage of St Pancras, the train, the onboard service, northern France and then arrival into Paris. Shot with Panasonic HDC-SD200, edited with iMovie --Published on Feb 11, 2013

Monday, November 24, 2014

Eurostar, New Trains, Makeover for 20th Birthday (video)

Eurostar's New Trains: Makeover for 20th Birthday -

It has been 20 years since Eurostar first started running trains from London to mainland Europe. The company has reported 10 consecutive years of growth in revenues and passenger numbers and today will be unveiling a new fleet at London's St Pancras International. Bloomberg looks at the new trains. (Source: Bloomberg 11/13)

Sunday, November 23, 2014

When Doing Nothing Is The Better Choice

What do the Iraq Invasion and the 2009 crash of Air France Flight 447, which killed 228 people, have in common?

Well, what if George Bush had done nothing, instead of invading Iraq?

What if, he had thought "twice" before taking that action he was so gung-ho about, before committing a nation's fortune and countless human lives because of some erroneous "intel" that someone equally clueless told him was a "slam dunk."

You would think human beings would have learned a little more by now, but even in the rarefied air of commercial piloting, some are wondering if robotic "thinking" rather than human "reptilian" thinking wouldn't be better--

Should Airplanes Be Flying Themselves? | Vanity Fair: "... So here is the picture at that moment: the airplane was in steady-state cruise, pointing straight ahead without pitching up or down, and with the power set perfectly to deliver a tranquil .80 Mach. The turbulence was so light that one could have walked the aisles—though perhaps a bit unsteadily. Aside from a minor blip in altitude indication, the only significant failure was the indication of airspeed—but the airspeed itself was unaffected. No crisis existed. The episode should have been a non-event, and one that would not last long. The airplane was in the control of the pilots, and if they had done nothing, they would have done all they needed to do...."

They would have all arrived safely in Paris. Instead we get a tragic loss of life due to "human error."

Saturday, November 22, 2014

Abby Joseph Cohen: Bull Market Entering Forgotten Economic Phase (video)

Cohen: Bull Market Entering Forgotten Economic Phase: Video - Bloomberg:
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Abby Joseph Cohen, senior investment strategist at Goldman Sachs, explains why the strengthening U.S. economy is beginning another phase of the bull market. She speaks on “Bloomberg Surveillance.” (Nov. 11--Bloomberg)

Friday, November 21, 2014

We Are in a Currency War, says Sarah Hewin (video)

We Are in a Currency War: Hewin: Video - Bloomberg:
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Standard Chartered Bank Head of Research Sarah Hewin discusses the central bankers meeting in Paris, expanded stimulus from the Bank of Japan, the weakening yen and euro with Bloomberg’s Manus Cranny and Anna Edwards on “Countdown.” (Source: Bloomberg Nov7)

Thursday, November 20, 2014

Global Poll: "world economy is in its worst shape in two years"

Global Poll Says World Gloomier, Knocks Draghi and Merkel -

The world economy is in its worst shape in two years according to a Bloomberg Global Poll of international investors. Bloomberg's John Dawson has more. Published on Nov 14, 2014

Wednesday, November 19, 2014

Jerome Levy Forecasting Center, Predicts Global Recession (video)

Jerome Levy Forecasting Center Predicts Global Recession: Video - Bloomberg:
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Bloomberg’s Simon Kennedy reports on the global economy and the risk of a recession. He speaks on “In The Loop.” (Source: Bloomberg 11/11)

Tuesday, November 18, 2014

Fake Growth, Fake Jobs, Fake Economic Data, When Will It All End?

As reported in The New York Times:

"The economic statistics are fake. There is no real economic recovery... “Nobody can predict how long governments can get away with fake growth, fake money, fake jobs, fake financial stability, fake inflation numbers and fake income growth,” Mr. Singer wrote to his investors, according to a report by Bloomberg News... Greece used phony economic numbers to qualify for the eurozone... the deception succeeded... government statistics are often questionable and sometimes turn out to have been highly misleading... We now know the economy was much worse off in early 2009 than the economic statistics indicated at the time... The numbers on jobs and unemployment have become the most-watched statistics of this era, but they can be among the most confusing. That is because the figures come from two different surveys... they can radically disagree, with one survey showing an increase in employment and the other a decline. Both surveys have problems ... In the 10 months from April 2008 through January 2009, the current estimate is that the economy lost 1.9 million more jobs than the initial reports indicated. The figures in the household survey are rarely revised, but they are subject to significant sampling errors... month-to-month fluctuations may be meaningless... more people decline to be interviewed now... That may make the numbers less reliable than they used to be. The survey questions are complicated ... that latter index has not declined nearly as much as the regular unemployment rate. That fact has been noted by Janet L. Yellen, the Federal Reserve chairwoman, as an indication the job market is not as healthy as the unemployment rate might make it appear... what are people to make of the blizzard of economic statistics? First, be suspicious... Look for trends... pay attention to the real world around you... official statistics might be overstated ..." (emphasis added)

Fake! Fake! Fake! When and How will it all end?

Monday, November 17, 2014

Arab Spring, Tunisia, ISIS

No good deed goes unpunished?--

New Freedoms in Tunisia Drive Support for ISIS - NYTimes.com: "Nearly four years after the Arab Spring revolt, Tunisia remains its lone success as chaos engulfs much of the region. But that is not its only distinction: Tunisia has sent more foreign fighters than any other country to Iraq and Syria to join the extremist group that calls itself the Islamic State. And throughout the working-class suburbs of the capital, young men are eager to talk about why. “Don’t you see it as a source of pride?” challenged Sufian Abbas, 31, a student sitting at a street cafe in the densely packed Ettadhamen district with a half-dozen like-minded friends. Tunisians have approved a new Constitution by a broad consensus, and a second free election is to take place this month. The country has the advantage of one of the Arab world’s most educated and cosmopolitan populations, numbering just 11 million, and it has some of the most alluring Mediterranean beaches. But instead of sapping the appeal of militant extremism, the new freedom that came with the Arab Spring revolt has allowed militants to preach and recruit more openly than ever before...." (read more at the link above)

Sunday, November 16, 2014

Ian Bremmer On Biggest Geopolitical Risk to Markets (video)

What’s the Biggest Geopolitical Risk to Markets?: Video - Bloomberg:
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Eurasia Group President and Founder Ian Bremmer discusses global risks to the markets and the fight against the Islamic State on “Bloomberg Surveillance.” (Source: Bloomberg 11/3)

Saturday, November 15, 2014

Jean-Claude Juncker, European Commission President (video)

Juncker Begins Five-Year Term Leading EU Commission: Video - Bloomberg:
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Jean-Claude Juncker has officially begun his five-year term as European Commission President. Bloomberg’s James Nueger looks at the issues awaiting him and the new commission on “The Pulse.” (11/3 Bloomberg)

Friday, November 14, 2014

Election 2014, Obama, Economy, All in One Chart

You can't spin this:

Fed Reserve of St Louis Chart: ratio between income and debt

The ratio between income and liability for households. Families are still carrying lots of debt, while income isn't growing. 

The Obama economy, despite how positive large parts of it look on paper, the average family has had no gain in income for six years and they are working harder to pay down the excess leverage (debt) from the 2000s. (source: One Chart Explains Democrats' Loss - Bloomberg View )

Thursday, November 13, 2014

IBM, Earnings Per Share, Dirty Secrets

There comes a time when one should admit the truth and quit "manipulating the news and the numbers" whether on Wall Street or Washington, D.C. Exhibit #1: IBM--

There’s also a dirty secret about why some executives love stock buybacks: In certain instances, they can have an impact on executive compensation by goosing certain metrics that boards use to measure a company’s performance. (source infra)

The Truth Hidden by IBM’s Buybacks - NYTimes.com: "...“IBM’s financials make it self-evident that its stock-rigging strategy is not about value creation through ‘investment,’ ” David A. Stockman, the director of the Office of Management and Budget under President Ronald Reagan and a banker on Wall Street, wrote on his website earlier this year. “IBM is a buyback machine on steroids that has been a huge stock-market winner by virtue of massaging, medicating and manipulating” its earnings per share...."

Wednesday, November 12, 2014

How to Grow the Best Beard for Movember (video)

How to Grow the Best Beard for Movember -

Movember is upon us -- the month when men around the world grow facial hair to raise money for charity. But while the moustache may only be around for 30 days, the beard has been making a comeback. Alex Glover, master barber at Murdock in London's Shoreditch district, tells Bloomberg how best to look after your facial hair. (Source: Bloomberg 10/30)

Tuesday, November 11, 2014

Supercomputer, Dark Pools, Dennis Kelleher video

The Supercomputer Set to Shed Light on Dark Pools: Video - Bloomberg:
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Better Markets CEO Dennis Kelleher discusses the proposed SEC supercomputer that would be used to track orders and peer into dark pools. He speaks with Pimm Fox on "Taking Stock." (Source: Bloomberg 8/11)

Monday, November 10, 2014

Fundamentals, Pressure Pushing Down on Gold, Scott Bauer video

Fundamentals, Pressure Pushing Down on Gold: Bauer: Video - Bloomberg:
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Scott Bauer, senior market strategist at Trading Advantage, and Bloomberg’s Ken Hoffman discuss fluctuations in the price of gold on “Future In Focus” on “In The Loop.” (Aug 11 Bloomberg)

Sunday, November 9, 2014

Nobel-Prize Economist Paul Krugman, Interviewed by Barry Ritholtz

Masters in Business: Nobel-Prize Economist Paul Krugman (Audio) by Bloomberg View on SoundCloud -

Bloomberg View columnist Barry Ritholtz interviews Paul Krugman, the Nobel-Prize winning American Economist, The New York Times columnist and professor of Economics and International Affairs at Princeton University. They discuss progressive economics. This commentary aired on Bloomberg Radio 10/25. Barry Ritholtz is a Bloomberg View columnist. The opinions expressed are his own.

Re: finance, business, economy, investing

Saturday, November 8, 2014

ABBA Museum, Stockholm, Cashless, Bjorn Ulvaeus (Video)

ABBA Muesum in Stockholm: No Cash, Says Bjorn Ulvaeus: Video - Bloomberg:
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At the ABBA Muesum in Stockholm, visitors are refused entry if they try to pay with cash. That's because Bjorn Ulvaeus, former frontman for the band, has made it his personal mission to lead the way to a cashless Sweden, with hope that the rest of the world will follow. Video by: Jennafer Savino, Justin Beach. (Source: Bloomberg Oct 26)

Friday, November 7, 2014

Julian Roberstson Helps You Pick a Stock to Buy (video)

Julian Roberstson Helps You Pick a Stock to Buy -

Tiger Management Advisors CEO Julian Robertson discusses the markets, bonds and his investment ideas on “Bloomberg Surveillance.” (Source: Bloomberg 10/31)

Thursday, November 6, 2014

How Low Can Gold Prices Go? (video)

How Low Can Gold Prices Go? -

In "Bart Chart," Bloomberg's Mark Barton takes a look at gold as it pertains to the dollar, rising equities and tame inflation. He speaks on Bloomberg Television’s "Countdown." (Source: Bloomberg 10/31)

Wednesday, November 5, 2014

Felix Salmon: Why Most Financial Economics Papers May Be Wrong (audio)

Posted on Oct 24, 2014
Re: Business, Economics, Finance--

Felix Salmon, Jordan Weissmann, and Cathy O’Neil discuss non-compete clauses for sandwich-makers, why most financial economics papers may be wrong, and what the Federal Reserve knew in advance about J.P. Morgan's "London Whale." Time length: 30:05

Tuesday, November 4, 2014

Best US Midterm ELECTION 2014 Coverage: LIVE TV Online (free)

Bloomberg Politics: Election All-Nighter above--LIVE Internet TV coverage of US Midterm ELECTION returns on November 4, 2014--one of the best free sources online.
Scheduled for Nov 4, 2014 at 11 pm EST (US)
Jon Stewart and Stephen Colbert host live coverage of the 2014 midterm elections.

Bloomberg TV Live:
6 pm EST: Election 2014
In-depth analysis of the impact of Election 2014 on the economy and global business hosted by Bloomberg TV's Pimm Fox.
7 pm EST: Bloomberg Politics: Election All-Nighter (first video above)
Live election day coverage and analysis hosted by Bloomberg Politics' Mark Halperin and John Heilemann --also on Bloomberg Politics: Election All-Nighter - YouTube

RT America LIVE: #Notjust2parties RT America presents special coverage of 2014 midterm elections -- As Americans take to the polls on Tuesday to cast ballots during the 2014 midterm elections, RT will provide its audience with an alternative look at some of the races you’ll be hard-pressed to hear about elsewhere. Live Coverage begins at 4:00 pm EST

Other LIVE Video Coverage via YouTube: US Midterm Elections multiple choices including:

2014 Midterm Election Night - Capital Journal - YouTube: "Nov 4, 2014, 8:30 pm EST Wall Street Journal’s live analysis of the results of the 2014 midterm elections, the balance of power and what it means for the future of American politics. Hosted by Jerry Seib and Sara Murray.

The Young Turks - ELECTION NIGHT Live Show 6pm-8pm EST 11.4.14 - YouTube: "The Young Turks - ELECTION NIGHT Live Show 6pm-8pm EST"

Fox News Strategy Room - YouTube: "Nov 4, 2014, FOX News’ digital properties will present a live stream entitled The Strategy Room from 9-11PM/ET. The online program will feature news and analysis from a variety of FOX News personalities, including Jedediah Bilah, Harris Faulkner, Lisa “Kennedy” Montgomery, Andrea Tantaros, Jesse Watters and others. The show’s casual format will provide a fresh take on the results of the night with spirited discussions that go beyond the typical political fare."

Election 2014 - YouTube: "Scheduled for Nov 4, 2014 Live coverage of election night from The Washington Post. 6pm EST"

Live Election Coverage - YouTube: "FOX News Latino (FNL) will stream live midterm election coverage from 9-11PM/ET. The special coverage will be hosted in both English and Spanish by FNC contributor Rick Sanchez and feature analysis from influential leaders in the Hispanic community."

Elections 2014: Live coverage from USA TODAY - YouTube: "Elections 2014: Live coverage from USA TODAY"

Live Election Coverage with Gwen Ifill and Judy Woodruff - YouTube: "Nov 4, 2014 6pm EST Majority control of the U.S. Senate hangs in the balance this November and, as voters head to the polls on Election Day, viewers can count on PBS NewsHour for results, context and analysis. Gwen Ifill and Judy Woodruff will co-anchor the NewsHour’s online and on-air coverage, reporting on the latest updates as polls close across the country. Throughout the evening, the PBS NewsHour politics team and an array of special guests will provide in-depth reports, extensive analysis and live results."

Midterm Mayhem: Election Night - YouTube: "FUSION Nov 4, 2014, 9pm EST Fusion's Nando Vila ("The Soccer Gods") and Special Correspondent Kal Penn (the "Harold and Kumar" movies) will bring you all the essential election night coverage in this two-hour special on November 4. As results come in they will apply the high-minded and thoughtful analysis usually associated with professional wrestling to the heart-stopping, pulse-pounding spectacle of election night in America."

ABC News: Your Voice, Your Vote - YouTube: "Nov 4, 2014, 7pm ABC News Election 2014 Coverage"

Other Resources: Poll Closing Times in Each State

POLITICO Livestream Starts 8 pm EST: updates from John Harris, Susan Glasser, Ken Vogel POLITICO Twitter List for #ElectionNight2014
POLITICO's interactive maps, featuring county-by-county election results and auto-tweet

RealClearPolitics - Election 2014
RealClearPolitics - Election 2014: Senate, House & Governor Races
RealClearPolitics - 2014 Election Maps - Battle for the Senate
RealClearPolitics - 2014 Election Maps - Battle for the House
RealClearPolitics - Latest Election Polls


The Midterm Elections - The New Yorker
Cassidy’s Count: GOP Victory in the Senate: 53 vs 47 for Dems http://www.newyorker.com/news/john-cassidy/cassidys-count-gop-headed-victory …

Cassidy's Count - The New Yorker - thumbnail
Cassidy's Count-New Yorker Magazine

Monday, November 3, 2014

Why Bitcoins and Apple Pay Can Not Kill Off Cash

Why Bitcoins and Apple Pay Can't Kill Off Cash - Bloomberg: "... cash is still used more often than either option [credit cards and debit cards]. It’s most often used for transactions under $25, even by those who claim to prefer credit or debit cards overall. And 40 percent of 18- to 24-year-olds say cash is their preferred form of payment. Some $1.2 trillion in cash circulates outside of banks -- 15,000 tons worth. That’s up 20 percent since 2011, and is the equivalent of $3,836 squeezed under the mattresses of every U.S. man, woman and child. The location of all these "Benjamins" -- it's mostly in $100 bills -- is a puzzle to economists and currency experts. When asked how much money they kept in their wallet or house, the average U.S. respondent said a little more than $40 in the wallet and $100 in the house, according to a 2013 Tufts University study. Some of the money may be overseas. Less than a quarter of U.S. currency resides abroad, estimates University of Wisconsin economist Edgar Feige. Where’s the rest? Legitimate business owners and those without bank accounts rely heavily on cash...."

Sunday, November 2, 2014

James Bianco, Bianco Research, Barry Ritholtz Interview

Masters in Business: Bianco Research LLC James Bianco (Audio) by Bloomberg View:

Bloomberg View columnist Barry Ritholtz interviews James A. Bianco, President of Bianco Research LLC. They discuss the stock market and the role that government regulation plays in determining inflation. This commentary aired on Bloomberg Radio.

Saturday, November 1, 2014

China's Fall Off A Cliff--The Question is No Longer If, But When

China Falling Off A Cliff? Yes--

Is the Chinese Economy About to Fall Off a Cliff?: "... If China were a fully capitalist economy, the outcome would be eminently predictable: a 2008-style “Minsky moment” in which something bad happens, creditors panic, new lending dries up, and a crash ensues. China would join the United States, the United Kingdom, South Korea, Argentina, Mexico, and a long list of other countries that have experienced credit binges that ended badly. The complicating factor is that China, despite all its reforms, is still a country where the government controls large segments of the economy, including much of the financial sector. If there’s a crisis, optimists say, the government will step in and rescue lenders, writing off many of their bad loans. And the fact that people are aware of this will help prevent a crisis in the first place... "Even if a huge swathe of loans go bad, the consequence is unlikely to be a Lehman-style financial collapse,” the editors of The Economist argue in this week’s issue. “For that, thank the Chinese regime’s vice-like grip on its financial system.” The Conference Board analysts aren’t reassured. They argue that, as the rate of economic growth falls and bad debts pile up, there may well be too many stricken lenders for the state to rescue. And, even if the government does step in, the economic consequences will be severe. “While it is difficult to determine with precision when the breakpoint will be reached … a major deleveraging must occur at some point—it cannot be forestalled forever,” the report says. “Nor can China grow out of the problem. Anticipated nominal GDP growth comes nowhere close to being able to service the debt that has been accumulated since 2009. Something’s got to give....” (read more at the links above)

When? No one knows.

Friday, October 31, 2014

Gene Simmons of KISS Dishes Out Career and Business Advice (video)

Gene Simmons of KISS Dishes Out Career and Business Advice (video above)
Gene Simmons, co-founder, bass guitarist and co-lead vocalist for the rock group KISS, discusses his career in the band and offers advice for winning in business and in life. He speaks with Bloomberg's Pimm Fox on "Taking Stock." (Source: Bloomberg--Oct 23)

Thursday, October 30, 2014

Worst Washington Waste, $25B for Political Perks (video)

Washington’s Worst Waste: $25B for Political Perks -

Senator Tom Coburn, an Oklahoma Republican, has released his 2014 Wastebook chronicling the worst examples of wasted taxpayer money in Washington. Bloomberg’s Yang Yang breaks down the entries on “In The Loop.” (Oct. 22 Bloomberg)

Wednesday, October 29, 2014

Abandoned London Subway Stations That Could Soon Become ??? (video)

The Abandoned London Subway Stations That Could Soon Become Bars -

Underneath the streets of London, up to 26 tube stations sit dormant, some haven't been seen by the public since World War II. One organization is working to lease these so-called ghost stations -- planning to transform them into museums, bars or restaurants. Bloomberg's Angus Bennett met Ajit Chambers who has been on a five year mission to open up London's subterranean secrets. (Oct. 24 Bloomberg) --

Tuesday, October 28, 2014

Charles Smith, Creating a Hit in the Wine Business (video)

Charles Smith: Creating a Hit in the Wine Business: Video - Bloomberg:
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Charles Smith Wines Founder Charles Smith discusses his journey from the music business to the world of wine making. He speaks on “Taking Stock.” (Source: Bloomberg)

Monday, October 27, 2014

Mikhail Khodorkovsky, Russia, Reform, Charlie Rose Interview (video)

Mikhail Khodorkovsky’s Journey to Russian Reform: Video - Bloomberg:
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On “Charlie Rose,” a conversation with Mikhail Khodorkovsky. He was once the richest man in Russia and the chairman of Yukos Oil. He spent more than a decade in a Siberian prison after being convicted of tax evasion, embezzlement and money laundering in a series of show trials. He was pardoned last winter, and he now devotes his efforts to reform in Russia. (Oct. 3 --Bloomberg) 

Sunday, October 26, 2014

Relax on a Tropical Beach with Blue Sky, White Sand, and Palm Tree (3 hour video)

From the YouTube Channel: Relaxing 3 Hour Video of A tropical beach with clear torquoise water and gentle waves. Use as background while meditation, sleeping, studying, or entertaining. Why turn off your expensive big screen TV when you are not watching it? Turn it into a window to the world in high definition using videos like this.... Ideal for homes, offices, waiting rooms, rest homes, home, office, restaurant, spa center, hospitals, and home confinement. (read more at link above)

Saturday, October 25, 2014

External Threats? The US Is Destroying Itself From The Inside

Know about the boiling frog?

The Coming Revolution: Evolutionary Leap or Descent Into Chaos and Violence? Washington's Blog: "....The government’s policies and actions in dealing with the growing epidemic of poverty are the very definition of tyranny. It couldn’t be more blatant. Just when the economy has reached a point where there are not enough jobs that generate an adequate income to sustain the cost of living for the majority of the population, the government is cutting billions of dollars from assistance programs and pouring billions of dollars into the military and prison industry. An out of control private military complex is fueling violent conflicts abroad. A perpetual state of never-ending war is exhausting public wealth, with trillions of dollars diverted from social programs into the pockets of war profiteers. Here at home, the police force is being militarized and the private prison industry is growing at a shocking 1600% rate. We already have the largest prison population in the world. The current per capita rate is worse than the darkest days of the Soviet Gulags. On top of that, many cities are now criminalizing poverty. As ominous as it may sound, a tyrannical assembly line of incarceration is now in place...."

External Threats? The US Is Destroying Itself From The Inside

Friday, October 24, 2014

iBillionaire App, Invest Like a Billionaire (video)

iBillionaire App: Learn to Invest Like a Billionaire: Video - Bloomberg:
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iBillionaire Co-Founder and CEO Raul Moreno discusses his app that helps investors learn what billionaires are doing. He speaks on “Street Smart.” (Source: Bloomberg, Oct 13)

Thursday, October 23, 2014

Land Rover Defender, How to Buy in the US (video)

Land Rover Defender: How to Buy a Custom SUV in the U.S. -

Land Rover Defenders were only available in the United States for a few years in the 1990s. Now, they are more popular than ever, but nearly impossible to find in the States. Matthew Pearlman and his team at West Coast Defender devote their lives to finding classic Defenders around the world, importing them to the United States, and customizing them to meet client needs. Video by: Jennafer Savino, Victoria Blackburne-Daniell. (Source: Bloomberg Oct 8)

Wednesday, October 22, 2014

London Tops List of Best Cities for Business (video)

London Tops List of Best Cities for Business -

The Mori Foundation compiled a list of the “Best Cities for Business” by looking at criteria such as economy, research and development and livability, with London topping the list. Which cities round out the top 10? Bloomberg’s Yvonne Man reports on “Asia Edge.” (Source: Bloomberg--Oct 10)

Tuesday, October 21, 2014

Planet Mars, Can Current Technology Get Us There? (video)

Mars Travel: Can Current Technology Get Us There? -

Bas Lansdorp, co-founder and CEO of Mars One, and Helen Greiner, CEO of CyPhy Works and co-founder of iRobot, discuss the efforts to put a human colony on Mars with Pimm Fox on "Taking Stock." (Source: Bloomberg--Oct 10)

Monday, October 20, 2014

James Bamford and the US DOJ's Criminal File on the NSA

Interesting read--James Bamford and the US DOJ's Criminal File on the NSA--

The NSA and Me - The Intercept: "...The solution is not to jail the whistleblowers, or to question the patriotism of those who tell their stories, but to do what Attorney General Edward Levi courageously attempted to do more than a third of a century ago – to have the criminal division of the Justice Department conduct a thorough investigation, and then to prosecute any member of the intelligence community who has broken the law, whether by illegally spying on Americans or by lying to Congress. I would be happy to lend my copy of the NSA’s criminal file to Attorney General Eric Holder, if he would like to see how to begin. Or he can read it here...." (more at link above)

Sunday, October 19, 2014

Sandler O’Neill Chief Strategist Robert Albertson examines the global slowdown (video)

We’re Going Back Into a Big Global Downturn: Albertson: Video - Bloomberg:
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Sandler O’Neill Principal and Chief Strategist Robert Albertson examines the global slowdown. He speaks with Bloomberg’s Tom Keene, Scarlet Fu and Adam Johnson on “Bloomberg Surveillance.” (Source: Bloomberg Oct 14)

Saturday, October 18, 2014

Global Economy Slowing, James Bullard, Mohamed El-Erian, Paul Krugman, Jose Barroso (video)

As investors fret over economic weakness in Europe and plunging oil prices, four market movers -- St. Louis Fed President James Bullard, European Commission President Jose Barroso, Bloomberg View Columnist Mohamed El-Erian, and Economist Paul Krugman -- give Bloomberg Television their takes on what's in store for stocks and bonds. (Source: Bloomberg Oct 16)

Friday, October 17, 2014

Paul Krugman says Europe and China are "Seriously Scary" (video)

Paul Krugman: Europe and China are Seriously Scary -

On “Charlie Rose,” a conversation with Paul Krugman. He is a Nobel laureate in economics, a New York Times columnist and a professor at Princeton University.  (Source: Bloomberg--Oct 16)

Thursday, October 16, 2014

Antoine Walker, How He Lost $110 Million (video)

Antoine Walker Explains How He Lost $110 Million: Video - Bloomberg:
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A Tale of Woe: Former Boston Celtics basketball player Antoine Walker explains how he lost $110 million. He speaks with Pimm Fox on "Taking Stock." (Source: Bloomberg, Oct 7)

Wednesday, October 15, 2014

No Country Incarcerates More Women Than The USA

• Chart: No Country Incarcerates More Women Than The U.S. | Statista: Infographic: No Country Incarcerates More Women Than The U.S. | Statista

Source: Statista

No Country Incarcerates More Women Than The USA: The United States has more female prisoners than China, Russia and India combined.

What a waste of money and resources, and a sign of a nation sadly off-track.

Tuesday, October 14, 2014

Technology, Work, Habits - over time (video)


How from the eighties till now our working instruments and habits are changed, visually, technologically and substantially. 

Produced byBest Reviews: original source: http://bestreviews.com#reviews

Monday, October 13, 2014

Mystery Man Moving Japan Markets (Video)

Mystery Man Moving Japan Markets Made More Than 1M Trades: Video - Bloomberg:
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Bloomberg's Jason Clenfield reports on the mystery trader moving Japan's markets. He speaks with Angie Lau on "First Up." (Source: Bloomberg Sept. 26)

Sunday, October 12, 2014

Paris Mushrooms Grown in Caves Are Back in Style (video)

Paris Mushrooms Grown in Caves Are Back in Style - YouTube:

Parisian palates are getting a taste of the underground -- as mushrooms grown in caves make a comeback. Despite competition, specialist farmers are hoping to keep the tradition alive. Bloomberg's Angus Bennett reports. (Source: Bloomberg 10/1)

Saturday, October 11, 2014

New York City's Tallest Ultra-Luxe Condo, Billionaires Row (video)

Inside NY's Tallest Ultra-Luxe Condo on Billionaire's Row -

One57 is the first of 7 new super-tall, super-thin, and super-expensive towers going up around NYC's 57th street. The 90-story blue glass skyscraper has breathtaking views of Central Park. In May, a penthouse sold for a record-breaking $90 million. Architect Christian de Portzamparc speaks to Bloomberg about his design for the building and how it's changing New York City's skyline. (Source: Bloomberg 10/2)

Friday, October 10, 2014

Lessons From Lunch With Warren Buffett (Video)

Warren Buffett: Lessons From a Lunch: Video - Bloomberg:
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Aquamarine Capital Management CEO Guy Spier discusses his book “The Education Of A Value Investor” and lesson’s learned from a lunch with billionaire investor Warren Buffett. Spier speaks on “Bloomberg Surveillance.” (Source: Bloomberg--Sept 15)

Thursday, October 9, 2014

John Bogle, Indexing, Index Funds, ETFs, Transaction Tax (video)

The founder of Vanguard, John Bogle, explains why his invention is winning the battle for assets. Plus: The problem with ETFs, and why we need a transaction tax.

Wednesday, October 8, 2014

Mainstream Media and Blogs

Tuesday, October 7, 2014

Murdoch vs Google, Rupert Disintermediated

Rupert Murdoch's News Corporation has complained to the European Commission about Google--

One day, even Google will go into decline - Telegraph: "... In a no-holds-barred missive, his [Rupert Murdoch’s News Corporation] chief executive, Robert Thomson, has written to the European Commission complaining about a “cynical management ... willing to exploit a dominant market position to stifle competition”. When I heard about this, I imagined for one glorious moment that someone had got hold of an internal News Corp memo, detailing Mr Murdoch’s own private agenda, for this is a man who has spent much of his life ruthlessly pursuing the holy grail of monopoly. Both in UK national newspapers and pay TV, he came pretty close to achieving it. Yet against Google, Mr Murdoch’s achievements pale. It must stick in the craw. At nearly $400 billion, Google is capitalised at four and a half times the combined market worth of Mr Murdoch’s Twentieth Century Fox and News Corp, and an astonishing 40 times the value of News Corp alone, the holding company for all Mr Murdoch’s newspaper interests, including the Wall Street Journal, the Sun and The Times...."

Disintermediated: Newspapers, Broadcast TV, Rupert Murdoch

Monday, October 6, 2014

The NFL, Tax-Exempt Status, Football League Is Not a Nonprofit

Two Democratic senators have announced bills that would put this obvious farce to an end--

The NFL should lose its tax-exempt status: The league is not a “nonprofit.”: "The National Football League generates about $9.5 billion in revenue each year. It is, by Forbes’ estimate, the most valuable sports league in the world. Its commissioner, Roger Goodell, makes $44 million in a year. And yet, the NFL’s head office has long been allowed to operate as a tax-exempt nonprofit—as if its sole purpose for existence wasn’t to extract wads of cash from the wallets of American sports fans." (read more at the link above)

Sunday, October 5, 2014

Ken Burns, The Roosevelts (video)

Ken Burns’ `The Roosevelts’ Traces a Political History -
Film documentarian Ken Burns explains the background of his latest film, “The Roosevelts,” tracing the evolution of one of America’s most influential political families. He speaks on “Bloomberg Surveillance.” (Bloomberg Sept 16)

Saturday, October 4, 2014

Tim Cook, Steve Jobs Legacy, Apple Office (video)

Tim Cook on Steve Jobs' Legacy, Office, and Apple: Video - Bloomberg:
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Apple CEO Tim Cook, who succeeded Steve Jobs, discusses the legacy of the company's founder and their friendship. (Sept. 15--Bloomberg)

Friday, October 3, 2014

Warren Buffett, America Comes Back, It Always Comes Back (video)

Warren Buffett: America Comes Back, It Always Comes Back -
Michigan Governor Rick Snyder, Goldman Sachs Chairman and CEO Lloyd Blankfein, Billionaire Investor Warren Buffett and Bloomberg LP Founder and Majority Owner Michael Bloomberg discuss Detroit, technology, the economy and Goldman Sachs 10,000 small businesses program with Bloomberg’s Eric Schatzker. (Source: Bloomberg-Sept 18)

Thursday, October 2, 2014

Indian Scout, Polaris Slingshot, Big, Bold, Bet on Innovation (video)

Polaris Slingshot: A Big, Bold Bet on Innovation -

Polaris Industries Chairman and CEO Scott Wine talks about the Indian Scout, Polaris Slingshot and being the darling of Wall Street. He speaks with “Money Clip” host Adam Johnson. (Source: Bloomberg--Sept 15)

Wednesday, October 1, 2014

Office of the Future, Activity Based Working (video)

The Googleplex: Will Your Future Office Be a Huge Game of Musical Chairs?

Clive Wilkinson, the architect who designed the Googleplex, has built the office of the future. It's based on the concept of "activity based working" where there are no assigned workstations or landlines. He takes Bloomberg inside the space in GLG's offices in New York for a look at his latest innovation. Video by: Sadie Bass, David Yim (Source: Bloomberg--Sept 19)

Tuesday, September 30, 2014

Jaguar E-Type, Classic Car, Resurrected (video)

Jaguar Resurrects Its Most Classic Car -

Jaguar E-Types are one of the most beloved classic cars in the world. In the 1960s, Jaguar made 12 Lightweight E-Types out of aluminum, but was supposed to make 18. Fifty years later, they finally got around to making the last six. The modern batch are "new," but made to the original specifications. Video by Alyssa Zahler, Ryo Ikegami (Source: Bloomberg--Sept 18)

The Big Picture

Financial Crisis - The Telegraph

JohnTheCrowd.com | The Sailing Website

Craig Newmark - craigconnects