Fact Of The Day
The Large Hadron Collider is the largest machine ever built with a circumference of 27 kilometres and when operating at full power particles whiz around the circumference 11,000 times per second.
The history of global economics… in football shirts
This is fascinating. From Japanese electronics to reckless banks and middle eastern airlines, the fate of Premier League shirt sponsors has been tied closely to that of the world economy. West Ham United was the latest club to be sideswiped by the financial markets this month when its main commercial backer, foreign exchange dealer Alpari, was…
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The Secret to Raising Smart Kids
This piece is about how to raise children to be more resilient in the face of both natural talent and adversity. However, the following caught my eye as being universal. People can learn to be helpless, too, but not everyone reacts to setbacks this way. I wondered: Why do some students give up when they…
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World Collapse Explained in 3 Minutes
One from the vault of Clarke and Dawe who remain probably the best commentators on the financial system going around.
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Wow…. Just…Wow
Pacific Investment Management Co. paid its former Chief Investment Officer Bill Gross a bonus of about $290 million in 2013, a year in which his Total Return Fund (PTTRX) trailed a majority of peers, according to documents provided to Bloomberg View by someone with knowledge of Pimco’s bonus policies. Mohamed El-Erian, 56, the former chief executive officer who previously…
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Porsche: The Hedge Fund That Also Made Cars
In 2008, Porsche was cruising. The luxury car manufacturer generated $13.5 BN in pre-tax profit, and sold a record 98,652 automobiles — a staggering $136K profit per car sold. Even for a luxury brand, the numbers seemed nearly impossible. Upon closer inspection, $11.5 billion dollars of that profit wasn’t from selling cars — it was from speculating on financial…
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