Archive | 15:05

The Ins And Outs Of Hoarding Ferraris

12 Oct

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From the video clip:

“Author Daniel Ben-Ami tackles that question in his new book, Ferraris For All, which looks at how concerns over inequality, the environment, and excessive greed slow economic growth and hurt the poor. A regular contributor to the British online magazine Spiked, Ben-Ami believes these rationales are partially a cover for the real agenda of the super rich: keeping all the wealth (and Ferraris) for themselves.

Reason.tv’s Nick Gillespie sat down with Ben-Ami to talk about the repercussions and ulterior motives of growth skepticism.”

[via Reason.com]

Defensive Arbitrageur Exchange

12 Oct

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Barron’s: A Crowd Climbs Aboard QE2. The trades are bearish on the dollar, bullish on gold.; a pair of financials offer more rewarding opportunities.

BBC: Iceland on top for gender equality. Iceland remains the country that has the greatest equality between men and women, according to an annual report by the World Economic Forum (WEF).

The engraved nameplate of the New York Stock E...

NYSE via Wikipedia

Bloomberg: Marc Faber Says World Heading for `Major Inflection Point’. Global markets are heading for an “important turning point” as interest rates begin to rise within about three months and the U.S. dollar gains, according to investor Marc Faber.

BusinessWeek: Twenty Tips for First-Time Managers.That semi-competent manager you and your colleagues used to complain about is gone. And guess who’s in charge now? It’s you, my friend.

CNBC: Sleeping With the Boss. How many employees claim to have slept with their bosses in order to get a promotion?

Forbes: Ivanka Trump And The Art Of Being Underestimated. When it comes to women in business, there is a common assumption that being super-rich and beautiful, with long blonde hair and an elegant 5’11″ frame, usually means you are not taken as seriously as your male or mousier colleagues.

MarketWatch: Miners lead Europe stocks to sharp losses. European stocks fell sharply Tuesday following overnight losses for Asian markets, with miners leading the decline as commodity prices weakened, while Germany’s Metro was one of the few shares to gain ground.

Reuters:  Asia’s looming water worry. The fearsome drought that hit Asia’s Mekong river earlier this year highlights a growing problem: the continent’s unslakeable thirst for water in the face of limited supply.

The Business Insider: Faber: I’m Ultra-Bearish On Everything, And We’re At A Turning Point Where It’s Time To Dump Bonds. Cash and stocks will do better.

The Financial Times: Sovereign risk ‘Animal spirits’ need to be anchored.

The Guardian: Inflation stays at 3.1% after record jump in clothing costs. Falling air fares and petrol prices failed to bring down inflation as clothing, shoes, food and furniture all rose in September.

The New York Times: Worrying Over China and Food. There is concern in Washington, Canada and Wall Street over a possible takeover offer by a group backed by China over the company that supplies much of America’s fertilizer.

The Telegraph: City bankers expect billions in bonuses. “Greed is good” – the famous mantra of Wall Street’s Gordon Gekko – is back in fashion in the City, as pay expectations rocket up to 70pc.

The Wall Street Journal: Wal-Mart to Sell iPad. Wal-Mart will start selling Apple’s popular iPad on Friday, landing it only slightly behind rivals Best Buy and Target.

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