Reblogged from National Post | News:
GREEK NEO-NAZI LEADER DENIES GAS CHAMBERS
The head of the Greek neo-Nazi party elected to parliament during May 6 elections has denied in an interview the existence of gas chambers in Nazi death camps during the Second World War.
The comments drew a sharp rebuke from the outgoing government, with a spokesman saying they distorted history and were an affront to Holocaust victims.
He's not taking off the hoodie, and he's not going to NYC. TechCrunch has learned and confirmed that Facebook will IPO on Friday with CEO Mark Zuckerberg ringing the NASDAQ bell remotely from his company's new Menlo Park headquarters. This follows the trend of companies like Zynga who also rung the IPO bell from home base rather than New York.
The BBC One Program «Have I Got News For You» Deals With The Values Of The Occupy London Stock Exchange Movement. Alexander Armstrong, Danny Baker and Louise Mensch joins Paul Merton and Ian Hislop.
Al Jazeera On American Inequality.
The richest 1% of US Americans earn nearly a quarter of the country’s income and control an astonishing 40% of its wealth. Inequality in the US is more extreme than it’s been in almost a century — and the gap between the super rich and the poor and middle class people has widened drastically over the last 30 years.
Meanwhile, in Washington, a bitter partisan debate over how to cut deficit spending and reduce the US’ 14.3 trillion dollar debt is underway. As low and middle class wages stagnate and unemployment remains above 9%, Republicans and Democrats are tussling over whether to slash funding for the medical and retirement programs that are the backbone of the US’s social safety net, and whether to raise taxes — or to cut them further.
The budget debate and the economy are the battleground on which the 2012 presidential election race will be fought. And the United States has never seemed so divided — both politically and economically.
How did the gap grow so wide, and so quickly? And how are the convictions, campaign contributions and charitable donations of the top 1% impacting the other 99% of Americans? Fault Lines investigates the gap between the rich and the rest.
This episode of Fault Lines first aired on Al Jazeera English on August 2, 2011 at 0930 GMT.
Source: Al Jazeera Fault Lines.
See All Episodes Of Fault Lines >> Here.
Google Plus is Google’s new social network. But why start a Google Plus account when you already have a Facebook account? Well, Facebook was developed on the premise that everyone is your “friend” which isn’t how your social circles work in real life. Google plus is built so that you can intuitively break up all your connections into “circles” and treat each circle separately. (Facebook allows you to do some of the same things but the privacy settings are confusing and constantly changing.)
Google Plus has a lot of slick features, but the biggest reason to open a Google Plus account is that if you use a lot of Google products you will inevitably get one some day.
Sources: TechCrunch & TechnoBombs.
Furthermore, Google+ Has An Older Audience: Google+ Is Teen Free.
The NASDAQ Exchange in Times Square, New York City // Wikipedia
Here is a reminder about the one thing investors should know:
The markets are highly inefficient. Over many decades, the risk/return ratio was upside down. Stocks with the highest risk produced the lowest returns, and stocks with the lowest risk produced the highest returns. The payoff to risk was consistently negative over the 45-year period of study (see link below).
«Instead of being paid to take risk, you got paid not to.»
Data supports that lower volatility stocks gave you higher returns, not only in U.S markets, but also in the British stock market, on the Paris bourse, in Germany, and in Japan.
Research PDF from Robert A. Haugen here, and recap from MarketWatch here.
WSJ Markets
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