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!

The Big Picture

Financial Crisis - The Telegraph

JohnTheCrowd.com | The Sailing Website

Craig Newmark - craigconnects