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Archive for February, 2013

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Why the Greek-American Banker Jamie Dimon is richer than you

Author: 7b7bc2512ee1fedcd76bdc68926d4f7b

28/02/2013

In case you were wondering, Jamie Dimon has thoughtfully explained why he’s richer than you and all the analysts covering J.P Morgan.

It isn’t, as I thought, our inability to pick lottery numbers.

Hint: it is because he is chairman and CEO of a bank.
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Elegant Damascus, besieged by both sides

Author: 7b7bc2512ee1fedcd76bdc68926d4f7b

28/02/2013

In a city lived in for seven millennia, it may take more than two years of civil war to put a full stop to the genteel round of dinner parties and walks in the park for the affluent folk of downtown Damascus.But from out in the grim suburbs, rebels incensed at their prosperous neighbours’ passivity lob in more bombs and President Bashar al-Assad’s forces make their presence ever more heavily felt around his stronghold, disrupting comfortable old routines and setting fear gnawing at Damascenes’ cocoon of civilisation.
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Naked sunbathing outlawed on Fire Island’s longtime nude beaches

Author: 7b7bc2512ee1fedcd76bdc68926d4f7b

28/02/2013

Tanlines are here to stay on Fire Island, where New York State law prohibiting naked sunbathing will be enforced on longtime nude beaches that were stripped of their protective dunes by Superstorm Sandy.Banning nudity on the Fire Island National Seashore had been kicked around for years, but after Sandy and Hurricane Irene flattened the dunes, exposing beach views to the rest of the island, the National Park Service decided to act, chief park ranger Lena Koschmann, said on Wednesday. The ban is effective immediately, she said.
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Study says too many Americans still drink too much

Author: 7b7bc2512ee1fedcd76bdc68926d4f7b

26/02/2013

On any given day in the United States, 18 percent of men and 11 percent of women drink more alcohol than federal guidelines recommend, according to a study that also found that 8 percent of men and 3 percent of women are full-fledged “heavy drinkers.”That means the great majority of Americans stay within the advised limit of two drinks a day for men and one for women, according to the study that appeared in the Journal of the Academy of Nutrition and Dietetics.
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48 hours in Madrid

Author: 7b7bc2512ee1fedcd76bdc68926d4f7b

22/02/2013

Despite its status as a leading European capital, land-locked Madrid has often been overshadowed as a tourist destination by the more glamorously chic Barcelona.But its appeal to travelers is on the rise, with world class museums and dining, expansive, centrally located parks and first-rate shopping increasingly drawing visitors to its bustling thoroughfares.
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Who needs an Oscar? Hollywood rebounds

Author: 7b7bc2512ee1fedcd76bdc68926d4f7b

22/02/2013

The moguls of Hollywood might engage in more backslapping than usual at Sunday’s Oscars, and it won’t necessarily be over those golden statuettes.The tuxedoed movie studio chiefs can boast about an unusually large number of blockbuster films in 2012 that lifted ticket sales for the first time in three years and stemmed a seven-year free fall in sales of DVDs and other home entertainment products.
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Household debt falls sharply among younger Americans

Author: 7b7bc2512ee1fedcd76bdc68926d4f7b

21/02/2013

The recession had a strong impact on young Americans who saw the credit crisis up close: they are taking on less credit card debt, delaying plans to buy homes and owning fewer cars, according to a study released on Thursday.
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What’s the hurry? Financial decisions that can wait

Author: 7b7bc2512ee1fedcd76bdc68926d4f7b

21/02/2013

If you have ever been pitched an investment, you’ve probably been on the receiving end of a “limited time” offer – the kind where you have to act now or forever lose your chance of participating in a great opportunity.

In fact, there are many financial decisions best made by procrastinators. The longer the wait, the better they turn out, like some fine wines.
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Italian beach crowned best in world by tourists

Author: 7b7bc2512ee1fedcd76bdc68926d4f7b

21/02/2013

A remote beach in Sicily, Italy, was named on Thursday as the best beach in the world by a survey of travellers, while a UK beach managed to sneak into the top 10.Rabbit Beach came top in the first annual awards for the world’s best beach based on millions of reviews and ratings by international tourists on the TripAdvisor website.
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Milan fashion week opens with hopes of economic comeback

Author: 7b7bc2512ee1fedcd76bdc68926d4f7b

21/02/2013

Designers kicked off Milan fashion week on Wednesday with bold collections to persuade Italian shoppers that the worst of the economic crisis is over and it is time to hit the stores again.Fashion houses including PPR’s Gucci, Giorgio Armani and Prada are among the top names showing their womenswear 2013-14 autumn-winter collections, taking up the baton from catwalk shows in London.
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Pentagon’s ‘lost’ trillions went to people connected to US military-industrial complex

Former Republican congressman and presidential candidate Ron Paul has said that “the Pentagon’s lost trillions have nothing to do with defense, adding that the “money propping up the high lifestyles of those connected to the military-industrial complex.” Dr. Paul, a three-time American presidential candidate and the founder of the Ron Paul Institute for Peace and Prosperity, made the remarks in an article published by his website on Monday. Deputy US Secretary of Defense Patrick Shanahan has recently acknowledged that the Pentagon has failed its first-ever comprehensive audit, saying, “We failed the audit, but we never expected to pass it.” “It was an audit on a $2.7 trillion dollar organization, so the fact that we did the audit is substantial,” Shanahan claimed. The first-ever audit of the of the $2.7 trillion enterprise that is the Pentagon identified widespread problems in cybersecurity, but found little in the way of savings that could offset potential budget cuts next year, according to officials. Pentagon’s comptroller David Norquist, who has played a key role in the audit, said after the report release that although no glaring instances of fraud were detected in the US military establishment, its Army, Navy, Air Force, Marines, Special Operations and the Transportation Command all received failing grades.

“The Outlook For The Global Economy Has Deteriorated”: Oil, Copper And Lumber

Oil, copper and lumber are all telling us the exact same thing, and it isn’t good news for the global economy. When economic activity is booming, demand for commodities such as oil, copper and lumber goes up and that generally causes prices to rise. But when economic activity is slowing down, demand for such commodities falls and that generally causes prices to decline. In recent weeks, we have witnessed a decline in commodity prices unlike anything that we have witnessed in years, and many are concerned that this is a very clear indication that hard times are ahead for the global economy. Let’s talk about oil first. The price of oil peaked in early October, but since that time it has fallen more than 25 percent, and the IEA is warning of “relatively weak” demand out of Asia and Europe…

Amazon Rolling Out ‘Amazon Pay’ Digital Wallet In Physical Stores

As FAANG stocks lead the market lower during what has become a relentless Q4 selloff, Amazon is hoping to reassure anxious investors that the company's relentless expansion and revenue growth will continue. To wit, the company is taking another big step toward establishing itself as the American WeChat or Alipay as it seeks to become the dominant player in electronic consumer payments in the US and beyond. According to the Wall Street Journal, the e-commerce giant is hoping to undercut Apple's Apple Pay by persuading more brick-and-mortar merchants to accept its Amazon Pay digital wallet. As it tries to build a foothold in payments outside of its Amazon Go stores, the company is reportedly focusing on building partnerships with restaurants and gas stations (businesses that have yet to be scalped by the Bezos revenue-absorption machine). To entice owners to give Amazon Pay a try, the company is dangling what appears to be a pretty enticing carrot: Amazon is promising to lower processing costs at a time when so-called "interchange" fees charged by Visa and MasterCard have been rising.

YouTube Lets California Fire Conspiracy Theories Run Wild

The Camp Fire in California has killed at least 79 people, left 699 people unaccounted for, and created more than a thousand migrants in Butte County, California. In these circumstances, reliable information can literally be a matter of life death. But on YouTube, conspiracy theories are thriving. Currently, when a user starts typing “California fire” into YouTube, the top autocomplete search suggestions are “conspiracy 2018,” “agenda 21,” and “laser beam,” all of which refer to conspiracy theories related to California’s wildfires. Similarly, typing in “California wildfire” leads YouTube to suggest “lasers,” “directed energy weapon,” and “dew,” which is an acronym for “directed energy weapon.” Simply typing “California fire” and searching it does return straightforward news coverage, which is an improvement over, say, the false flag and crisis actor conspiracies YouTube was surfacing about the Marjorie Stoneman Douglas High School mass shooting earlier this year. Believers of this false California wildfire conspiracy theory think that the US government shoots directed energy weapons, or lasers, from a plane in order to to start fires at predetermined targets. The goal of this attack, which is not actually happening, is to support a bastardized interpretation of “Agenda 21,” a sustainable development plan developed by the United Nations in 1992. This conspiracy theory also gained a little bit of traction on Twitter. The conspiracy theorists use doctored or out-of-context images in order to falsely argue that directed energy weapons, or laser beams, caused the wildfires in California—not climate change. By incorrectly claiming that the houses were consciously struck, these theorists ignore ecological science which explains that the arrangement of homes and topography of the land