To the people of Boston, West, Watertown, Bangladesh, Iraq, Syria, Afghanistan, Cyprus, Egypt, Yemen, Palestine, Israel, Greece, Africa, ....
Biography: IMackGroup provides mathematics edutainment and quantitative finance products and services.
The U.S Dollar is quickly
losing its status as the world reserve currency. Five of the top
ten economies in the world, plus a few others, no longer use the
dollar as an intermediary currency for trade. This trend poses a
huge risk to the dollar and the United States along with
ZeroHedge points out today that Australia, the world's 12th-ranked economy, has now joined a growing list of nations that have agreed to bypass the dollar in bilateral trade with China. China, ranked 2nd behind the U.S., also has similar agreements with Japan (3rd), Brazil (6th), India (9th), andRussia (10th).
Although unilateral agreements have been in place for some time between China and the countries listed above, last week the BRICS (Brazil, Russia, India, China and South Africa) agreed to set up a development bank to compete with the IMF, indicating it's gearing ...
This just in from a London Business School colleague....
Tana Africa Capital - Position and Candidate Specification Summer Associate – Johannesburg, South Africa Period: 3 months starting from 15 May 2013
1. Company Overview
Tana Africa Capital (www.tana-africa.com) is an investment company founded by E. Oppenheimer & Son in partnership with Temasek Holdings with a capital commitment of US$300 million. The company focuses its investment activities on acquiring significant minority equity and quasi equity stakes in private and public companies well placed to capitalize on the rise of the African consumer market. Focus sectors are food & beverage and personal care fast moving consumer goods (FMCG) and agriculture. Opportunities in retail, logistics, building materials, consumer financial services, healthcare, education and media are also considered.
Tana Africa Capital invests between US$20 million and US$75 million in equity per transaction (in partnership with co-investors larger transactions are considered), with ...
Is there anyone better at wasting money then the U.S. government? Despite the sequester and all of the talk about “deep cutbacks”, the federal government continues to waste money in some of the most outrageous ways imaginable. For example, does the U.S. government really have to spend hundreds of thousands of dollars to study the size and shape of the reproductive organs of ducks? Does the U.S. government really have to spend 1.5 million dollars to study why so many lesbians are overweight? There is so much waste that could still be cut out of the federal budget, and yet the very small sequester cuts that just happened are being described as “catastrophic” by many of our politicians. But you know what? The federal ...
by Frank Bass
For the last 30 years, the quiet, dusty crossroads of Texas Routes 119 and 72 in Yorktown mostly consisted of a Dairy Queen on one corner, a gas station across the street and some traffic, usually heading somewhere else.
Ranchers joked that it was possible to make a small fortune in raising cattle on the mesquite and cactus range -- if you started with a very large fortune. Population in rural, south Texas grew slowly or not at all during the 2000s as suburbs boomed around Houston, Dallas and Austin.
Where can you find that elusive creature, the angel investor, and how can you lure her out of hiding? This infographic not only lays out the boom in angel investing, but also explains where most deals are done and in which sectors.
By Jessica Stillman (Editor, Women 2.0)
In need of an angel investor to get your early-stage startup off the ground? You’re in luck. The number of angels and the amount of money they’ve invested have risen dramatically in the last decade.
But not all locations are as rich in angels as others, as this infographic from InvestorPitches.com makes clear. Check it out to learn more about how much angels are spending, where in the United States they’re currently making the most deals and which sectors are proving most popular with angels.
The most powerful guy in Italy right now is a former stand-up artist named Beppe Grillo. He went from being a joke for a living to leading a political movement that won 25% of the vote in Italy’s Parliamentary Elections.
by Carl Bialik
On campuses, at cocktail parties and in American corporations, statisticians are walking a bit taller these days.
The explosive growth in data available to businesses and researchers has brought a surge in demand for people able to interpret and apply the vast new swaths of information, from the analysis of high-resolution medical images to improving the results of Internet search engines.
Schools have rushed to keep pace, offering college-level courses to high-school students, while colleges are teaching intro stats in packed lecture halls and expanding statistics departments when the budget allows.
When asked for his occupation, "even 20 years ago I would try to say something other than statistics," said Richard De Veaux, professor of mathematics and statistics at Williams College in Williamstown, Mass. Today, though, "It's just a great time to be a statistician."
Growth has been spurred by both supply and demand ...read more
by Robin Dupire
The past couple of years have proven that several nations such as the UK are facing an engineering deficit, one that is poised to significantly hinder the engineering sector unless changes are made. This trend will have a ripple effect, greatly impacting the oil and gas industry – 66 percent of contractors and 62 percent of operations have difficulty recruiting skilled engineers in the oil and gas industry, according to a Labor Market Intelligence survey conducted by the Offshore Petroleum Industry Training Organization (OPITO).
Matchtech, an engineering and technology recruitment specialist, noticed the problem and called on the government for help.
"There is a growing sense of unease throughout the UK engineering industry," Matchtech Managing Director Keith Lewis recently told Rigzone. "A look at our Confidence Index [United Kingdom Consumer Confidence Index] points heavily towards a lack of confidence in the government's ability to support ...read more
by Michael Snyder
Why are some of the biggest names in the corporate world unloading stock like there is no tomorrow, and why are some of the most prominent investors on Wall Street loudly warning about the possibility of a market crash? Should we be alarmed that the big dogs on Wall Street are starting to get very nervous? In aprevious article, I got very excited about a report that indicated that corporate insiders were selling nine times more of their own shares than they were buying. Well, according to a brand new Bloomberg article, insider sales of stock have outnumbered insider purchases of stock by a ratio of twelve to one over the past three months. That is highly unusual. And right now some of the most respected investors in the financial world are ringing the alarm bells. Dennis Gartman says that it is time to “rush to ...read more
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