Tuesday, February 5, 2013

Samsung Sets Up Shop on Sand Hill Road, Launches $1.1 Billion in Venture Funds

Samsung Sets Up Shop on Sand Hill Road, Launches $1.1 Billion in Venture Funds

"Samsung Electronics said on Monday that it is launching two venture funds worth a total of $1.1 billion as well as a strategy and innovation center on Menlo Park’s Sand Hill Road.
A $100 millon Samsung Catalyst Fund will focus on early-stage companies while a $1 billion Samsung Ventures America Fund will target companies of all sizes.
In addition to the Menlo Park office, the Samsung Strategy and Innovation Center will have offices in Korea and Israel and be led by Samsung Electronics’ newly installed president and chief strategy officer, Young Sohn."

5 reasons as a CEO you should develop a habit of daily meditation

Sunday, January 27, 2013

Beijing smog: When growth trumps life in China #BBC

Beijing smog: When growth trumps life in China

When I wake up in the morning, I pause briefly before opening my curtains, and what I see out of my window is likely to set the tone for the rest of the day.
I am not checking up on the weather. Instead, I want to know exactly how bad the pollution is going to be. On some mornings, it is truly appalling. It is as if the whole city has been turned into a smokers' lounge with a yellowish, nicotine colour staining the sky.
And this month, pollution in Beijing went from bad to... well, dangerous.
Air pollution soared past levels considered hazardous by the World Health Organisation (WHO). A quick disclaimer here - I was actually on the sunny island of Hainan breathing in fresh sea air, when the smog hit the capital.

From Our Own Correspondent

  • Insight and analysis from BBC correspondents, journalists and writers from around the world
  • Broadcast on Radio 4 and BBC World Service
But back in Beijing, hospitals were overrun by the young and the old, suffering from respiratory problems. People were warned to stay indoors. The capital's streets were unusually quiet.
Sales of air purifiers for homes - as well as face masks - rocketed and some stores simply ran out. Even for a city that is used to pollution, this was an emergency.
After my return to the capital, you could still taste the pollution, you can see it, and for that reason, the authorities can no longer deny it.
For years, they have tried. The government often played down the pollution in the capital, insisting it was merely fog, despite evidence to the contrary that was plain for all to see.
A man wearing a mask walks under the trees during severe pollution on January 23, 2013 in Beijing.

Buffett Buys More Solar But The Big News Is The Crowd Following Him

Buffett Buys More Solar But The Big News Is The Crowd Following Him

  • First a company owned by Warren Buffet’s growing concern, acquired an enormous Sunpower plant in California (link). Worth as much as $2.5 billion this is Buffet’s second big buy in utility scale solar in the western USA. Last year, around the same time the same company bought a FirstSolar power plant for $2B and change (link).
No small thing; this repeat, multi-billion dollar behavior by one of the world’s supposedly smartest investors. Can you see a pattern? How many other energy investments of this scale did the Oracle of Omaha make?
The two solar farms with relatively different technologies – one a so-called thin-film photovoltaic and the other a classic silicon-cell based bit of kit – will fascinate the geeks in the industry as to how they perform over time against their power purchase agreements. But what should fascinate more is how other big money will look for similar deals that happen also to create jobs, boost the sagging US economy and clean the air as they displace demand for dirty fossil-fuel generated juice. (In another blog I might dwell on how the U.S. coal industry is shutting down 3x faster than they could have even imagined a year ago – per this story on NPR).

Saturday, January 12, 2013

$HLF & #Amway Case - Can ANYONE PROVE Herbalife is not any different from Amyway? Nope!

$HLF & #Amway Case - Can ANYONE PROVE Herbalife is not any different from Amyway? Nope!

Results

The FTC stated Amway was not an illegal pyramid scheme since the Amway system is based on retail sales to consumers. Amway has avoided the abuses of pyramid schemes by:
  • not requiring an entry ("headhunting") fee;[3]
  • making product sales a precondition to receiving the performance bonus;[4]
  • requiring the buying back of excessive inventory;[3][4] and
  • requiring that products be sold to retail consumers.[3]
The administrative law judge also found that "Amway is not in business to sell distributorships and is not a pyramid distribution scheme."[5]
In the opinion section of the ruling, Commissioner Robert Pitofsky stated:
Two other Amway rules serve to prevent inventory loading and encourage the sale of Amway products to consumers. The "70 percent rule" provides that "[every] distributor must sell at wholesale and/or retail at least 70% of the total amount of products he bought during a given month in order to receive the Performance Bonus due on all products bought…." This rule prevents the accumulation of inventory at any level. The "10 customer" rule states that "[i]n order to obtain the right to earn Performance Bonuses on the volume of products sold by him to his sponsored distributors during a given month, a sponsoring distributor must make not less than one sale at retail to each of ten different customers that month and produce proof of such sales to his sponsor and Direct Distributor." This rule makes retail selling an essential part of being a distributor. The ALJ found that the buyback rule, the 70-percent rule, and the ten-customer rule are enforced, and that they serve to prevent inventory loading and encourage retailing.
—— 93 F.T.C. 618: Opinion, page 716
The administrative law judge found, and the FTC opinion agreed, that Amway engaged in:
  • resale price maintenance, through explicit agreements on wholesale prices and through practices "designed to insure adherence" to its suggested retail prices even though former explicit agreements on retail prices had been discontinued;[6] and
  • misleading sales and earning claims.[7]
In the Final Order, issued on May 8, 1979, Amway and its representatives were ordered to:
  • cease allocating customers among their distributors;[1]
  • cease retail price fixing;[8]
  • print a specific disclaimer on any suggested retail price list;[8] and
  • cease misrepresenting profits, earnings, or sales; and stop implying other than average results, unless the average results or the percentage of distributors actually reaching those figures is also conspicuously disclosed.[9]

[edit]Later actions

In 1986, Amway agreed to pay a $100,000 penalty in a consent decree for violating the 1979 ruling, after Amway placed ads that represented higher-than-average distributor earnings without stating the actual average results or percentage of distributors who actually met the represented claims.[10]

Apple's Jan. 23 earnings conference call viewed as most important in 10 years $AAPL

CHART OF THE DAY: The Chart That Could Get Andrew Mason Fired $GRPN

Ackman getting desperate already on $HLF Short? Buying up & flooding $GOOG Adwords is a good sign of desperation.

Friday, January 11, 2013

Thursday, January 10, 2013

Herbalife Looks Legal, D.A. Davidson’s Ramey Says: Tom Keene $HLF

Herbalife Looks Legal, D.A. Davidson’s Ramey Says: Tom Keene $HLF

There are “15.6 million people practicing this in the U.S. -- one out of every seven households,” he said. “This is a very populist concept.”

$MS Deep Cuts Raise Questions About Morgan Stanley

"Girl Scouts sell cookies on a direct selling basis. Nobody attacks them.” $HLF

"Girl Scouts sell cookies on a direct selling basis. Nobody attacks them.”

$HLF "There is no complensation in a legitimate multi-level marketing company for just recruiting"

$HLF "There is no complensation in a legitimate multi-level marketing company for just recruiting"

$HLF 10:42: CEO Michael Johnson is back at the podium, this time showing a promotional video.

$HLF 10:42: CEO Michael Johnson is back at the podium, this time showing a promotional video.

Walsh accuses Ackman of factual deficiencies and "gross distortions" based on data that's readily available. Warns investors you "may hear more" charges in the future.

Walsh accuses Ackman of factual deficiencies and "gross distortions" based on data that's readily available. Warns investors you "may hear more" charges in the future.
Herbalife CFO John DeSimone takes the floor.

Kellogg School Of Management Professor Wrote A Paper On How Herbalife Is NOT A Pyramid Scheme

$MSFT is it good news that the CEO of Microsoft is focusing more on an NBA team then staying competitive? Nope!

Here’s How Dan Loeb Explained His Herbalife Bet to Investors

$AIG Won’t Join Greenberg Lawsuit

Wednesday, January 9, 2013

$CALL Magicjack Report Link Drastically Driving Down Price 1/9/2013

Ackman Caught With Shorts Down as Loeb Gets Long on Herbalife $HLF

A NYC Judge's Takedown Of Hank Greenberg's First AIG Case Is As Brutal As You Can Imagine $AIG

Senator Elizabeth Warren Is Outraged That AIG Is Considering Suing The US Government

$AIG Why The Board Might Feel It HAS To Sue The Government

$AIG Two More Congressmen Have Totally Flipped Out About A Potential Suit Against The US

Saturday, December 29, 2012

#Humor Listing of Scammer Emails

#Humor Listing of Scammer Emails

"Attn: Beneficiary.

This is to inform you that the UNITED NATION (UN) /AFRICA UNION (AU) and  Bank For International Settlement empowered to contact all the beneficiaries who has in one way or the other fail by paying some huge sum of money from Ecowas Contract Authority  in other to get their Inheritance or Contract money/fund to no avail.This payment shall be paid from Africa, America , Europe or Asia depending on beneficiary's geographical location.

Now I want to inform you that your name has been written out for payment release Of $3.5m Us dollars through Pacific ATM CARD,DIPLOMATIC DELIVERY or through Bank transfer, because some people has come forth to lay claim on your behalf stating that you are late(Dead)  and that they are the beneficiary whom your payment should be made to. We want to know if this information is true or not before we proceed to pay them and this will be done as soon as we do not hear from you that's  means we will assume that truly you are Dead.
 

If you are Alive do confirm the following information to us immediately: 

1) FULL NAME:................................................................
2) YOUR HOME ADDRESS:.............................................
3. YOUR CURRENT CELL PHONE:..........................................FAx NUMBER:............
4) YOUR AGE:......................................SEX:......................
5) MARITAL STATUSES:....................................................
6) OCCUPATION:.............RELIGION:..................................
7) COUNTRY:.................................................................
  
Reply to me in my private email  address at skyservice02@yahoo.com.ph.
Yours in Service,
Skyse vice"

Fearful of ban, buyers swarm gun stores

Fearful of ban, buyers swarm gun stores

'No organization publicly releases gun sales data. The only way to measure demand is by the number of background checks conducted when someone wants to buy a firearm. Those numbers are released by the FBI every month. Data for December is not out yet. But the Federal Bureau of Investigation says it did 16.8 million firearm background checks as of the end of November, up more than 2% from a year ago.
In November, it did more than 2 million, up from 1.5 million in November 2011.
The Colorado Bureau of Investigation, which handles background checks for the state, can't keep up with the number of requests. The bureau has pulled staff from other units and increased its hours, says spokesperson Susan Medina.
Many firearm dealers and manufacturers say President Obama's comments since the Newtown school shooting are driving demand.
James Zimmerman of SelwayArmory.com, a website that sells guns, ammunition and knives, says sales took off Dec. 19 after President Obama held a White House press conference announcing that Vice President Joe Biden would lead a team tasked with coming up with "concrete proposals" to curb gun violence.
That day, one customer ordered 32,000 rounds of ammunition from SelwayArmory.com, worth close to $18,000. The order had to be shipped from the company's Lolo, Mont., office to Kentucky on a truck.'

Tuesday, December 11, 2012

$AAPL $JEF #Downgrades

$AAPL $JEF #Downgrades

Report resets price target on Apple's stock to $800 from $900, positing slower iPhone sales in saturated markets and suggesting a lower-priced iPhone could arrive in June or July.

Dubai Rents Seen Rising

Dubai Rents Seen Rising

Monday, November 26, 2012

Chart of the Day: Chinese WARNING?

Chart of the Day: Chinese WARNING?

Cohen's SAC Faces Client Querries as Investigators Circle #HedgeFunds

Cohen's SAC Faces Client Querries as Investigators Circle #HedgeFunds

WARREN BUFFETT: Here's The Thing Grover Norquist Doesn't Understand About Business And Taxes

WARREN BUFFETT: $NYT Here's The Thing Grover Norquist Doesn't Understand About Business And Taxes

Revenge of the nerds as banks see risk, compliance hiring boom $BCS $GS $C $BAC $MS $DB

Revenge of the nerds as banks see risk, compliance hiring boom

SINGAPORE (Reuters) - Tough regulations aimed at banks have jolted demand for compliance, risk and legal officers, creating one of the few bright spots in an otherwise dismal job market for the financial industry.

Traditionally one of the least glamorous jobs in the sector, these staff are in hot demand at a time when nearly all other parts of the banking industry are getting cut.

"It used to be a really tough job to sell as people saw it as boring," said Sonia Fuller, director of recruitment firm KS Consulting in Singapore, who said some risk and compliance candidates are asking for raises of up to 50 percent when they change jobs.

With demand outstripping supply, recruiters say compliance staff can be hard to find, and are asking for the biggest salary hikes across the financial industry.

Recruitment firm Robert Half says compliance salaries in Singapore have gone up 10 percent on average in the past year, one of the biggest year-on-year increases across the finance and accounting sectors.

Thursday, November 22, 2012

After the bounty, the bust: unwise public spending exposes Europe's economic errors (Portugal, Spain, Italy)

After the bounty, the bust: unwise public spending exposes Europe's economic errors (Portugal, Spain, Italy)

A Former Broker For SAC Capital Gives His Take On The Latest Insider Trading Case

A Former Broker For SAC Capital Gives His Take On The Latest Insider Trading Case

"I covered the mortgage bond side of SAC Capital in the early 2000s, and I remember half-kidding, half-probing my client about Steven A Cohen’s seeming inability to miss.  Back then Cohen’s SAC had put together a string of annual monster returns like no other hedge fund.[1]  Cohen’s SAC Capital was the Mark McGuire of stock trading, and we knew enough to think the home run records of 1998 looked mighty suspicious."

European Flash PMIs: Actually Not A Complete Disaster

European Flash PMIs: Actually Not A Complete Disaster

Expert sees a gathering storm for top fund manager - #SAC #SteveCohen

Expert sees a gathering storm for top fund manager - #SAC #SteveCohen

Friday, November 16, 2012

How the #SEC Almost Shut Down #FAIL Wall Street

How the #SEC Almost Shut Down #FAIL Wall Street

The time-bomb at the heart of Europe: Why France could become the biggest danger to Europe’s single currency

The time-bomb at the heart of Europe: Why France could become the biggest danger to Europe’s single currency

The country has always been at the heart of the euro, as of the European Union. President François Mitterrand argued for the single currency because he hoped to bolster French influence in an EU that would otherwise fall under the sway of a unified Germany. France has gained from the euro: it is borrowing at record low rates and has avoided the troubles of the Mediterranean. Yet even before May, when François Hollande became the country’s first Socialist president since Mitterrand, France had ceded leadership in the euro crisis to Germany. And now its economy looks increasingly vulnerable as well.
As our special reportin this issue explains, France still has many strengths, but its weaknesses have been laid bare by the euro crisis. For years it has been losing competitiveness to Germany and the trend has accelerated as the Germans have cut costs and pushed through big reforms. Without the option of currency devaluation, France has resorted to public spending and debt. Even as other EU countries have curbed the reach of the state, it has grown in France to consume almost 57% of GDP, the highest share in the euro zone. Because of the failure to balance a single budget since 1981, public debt has risen from 22% of GDP then to over 90% now.
The business climate in France has also worsened. French firms are burdened by overly rigid labour- and product-market regulation, exceptionally high taxes and the euro zone’s heaviest social charges on payrolls. Not surprisingly, new companies are rare. France has fewer small and medium-sized enterprises, today’s engines of job growth, than Germany, Italy or Britain. The economy is stagnant, may tip into recession this quarter and will barely grow next year. Over 10% of the workforce, and over 25% of the young, are jobless. The external current-account deficit has swung from a small surplus in 1999 into one of the euro zone’s biggest deficits. In short, too many of France’s firms are uncompetitive and the country’s bloated government is living beyond its means.

Wednesday, November 14, 2012

Even if $AMD were up for sale who wants it?

Even if $AMD were up for sale who wants it?

SAN FRANCISCO (MarketWatch) — A report that Advanced Micro Devices Inc. was exploring its options lit up the chip maker’s stock in late trading, but investors might want to watch what happens first.
AMD AMD -4.94%  issued a statement after the market closed on Tuesday stating that it “is not actively pursuing a sale of the company or significant assets at this time.” Earlier, Reuters reported that the company had hired investment bank J.P. Morgan, a move that potentially could lead to a sale of the company or some of its assets. Read more about AMD’s statement.

CIC In Talks to Invest In Fonterra dairy fund- WSJ

CIC In Talks to Invest In Fonterra dairy fund- WSJ

Tuesday, November 13, 2012

BNY Mellon Pays Big to Settle Madoff Lawsuits

BNY Mellon Pays Big to Settle Madoff Lawsuits

Financiers Still Aren’t Rocket Scientists

Financiers Still Aren’t Rocket Scientists

Over at Slate, John Dickerson has a piece expressing amazement that “numbers guy” Mitt Romney was so badly misinformed about the election. While I’ll admit to a certain amount of schadenfreude about the general bafflement of the Romney campaign and the Republicans generally, this particular slant (which Dickerson isn’t the only one to take, just the latest in a series) is more annoying than entertaining.

Monday, November 5, 2012

Home Damaged by Hurricane Sandy? Get Some Tax Relief

Home Damaged by Hurricane Sandy? Get Some Tax Relief

Casualty Losses and You
The tax laws allow taxpayers who itemize their deductions to get a tax break for losses they suffer from natural disasters. However, the way that the IRS defines a loss is different from what you might expect. Rather than looking at repair costs, the IRS defines a casualty loss as the amount by which the fair market value of your property decreased as a result of the storm.


Although IRS Publication 547 allows you to use repairs as a measure of the decrease in fair market value, you have to take into account any potential increase in value that results from work you have done on your home.

Once you've determined the amount of your loss, you can estimate your eventual deduction. For a home, you have to subtract $100 from your losses and then further reduce your deduction by 10% of your adjusted gross income on your tax return before listing the final amount as an itemized deduction. For business property, these limitations don't apply; you can deduct the full amount against your business income.

You Don't Have to Wait

By now, you might wonder if you'll have to wait until April to get any tax relief. The answer is no, because the areas hit by Sandy got a presidential declaration as disaster areas. As a result, you can go back and amend your 2011 tax return to deduct your casualty loss in order to get an immediate refund.

Of course, you may want to wait if the amount of your deduction will be higher or if you'll get more of a tax benefit from the deduction this year rather than last.

For more information about how casualty loss deductions work and the records you should gather and keep, be sure to check out the IRS website. In addition, tax preparer Jackson Hewitt has put together a disaster recovery guide to help lead you through the process of documenting your loss for IRS purposes.

Economy Set for Better Times Whether Obama or Romney Wins

Economy Set for Better Times Whether Obama or Romney Wins

Monday, October 22, 2012

We're Hiring: Ruby on Rails Developers (X4) Growing Startup NYC

-----
Candidates MUST HAVE green card, US CITIZENSHIP, or valid current h1b with AT LEAST 3 YEARS LEFT.

Call or text 203-29-QUANT 203.297.8268 if you have any questions and are qualified for this role or others posted.

Please speak clearly if leaving a voicemail, and let me know the role you are applying for and if you have sent a resume or not. You may call or text at any time. All discussions and messages are fully confidential...

Email resume onto QuantRec @gmail.com & Quant at QuantRec dot com.

Goto http://www.QuantRec.com for updates on jobs, bookmark it!

Also include the best times to reach you over the near term (this week & or next week).

Candidates MEETING MOST OF the SPEC below will be contacted PROMPTLY.

---------

Ruby on Rails Developers (X4)

Web/E-commerce Start -up

Midtown Manhattan

100-125K base, plus equity



Our client is currently looking to hire Ruby developers to build out an innovative web-based platform which will serve as a marketplace for investors and entrepreneurs around the world to come together on one platform to do business. There is currently no other platform like it in the world. This platform promises to change the way we do business in same way as amazon.com, facebook and linkedin have for their industries.



From a development perspective it's a chance to do innovative design and development work. The work environment has that fresh, bright, open, energetic feel to it. The development team takes a stimulating, face-paced, agile approach to developing software often working in pairs.



The core responsibilities will consist of developing web based applications, interfacing directly with product teams for requirements, development and refactoring. Programming will be done primarily in Ruby on Rails, Javascript, jQuery in a test-driven and behavior-driven environment. The right person will have significant experience with web application development using a variety of languages and have at least 3-5 yrs of experience with Ruby on Rails.



This is a well funded, well established startup. New hires will receive equity in the firm so you can truly share in the success of the firm. At the same time, the company already has nearly 200,000 investors and entrepreneurs signed up. From a company lifecycle perspective, they are roughly at the same stage as Linkedin in 2005.

Bank CEOs Fear the Fiscal Cliff They Apparently Don’t Understand $BAC $JPM $MS $C $WFC

Bank CEOs Fear the Fiscal Cliff They Apparently Don’t Understand $BAC $JPM $MS $C $WFC