Latest Posts by ronbowlens - Page 6
What’s the best way to spend $600 on games right now?
Microsoft and Sony have just kickstarted the next generation of games with the new Xbox One and PlayStation 4. As of today, they’re simply powerful, relatively affordable new boxes that play games. Tomorrow, they could be capable of much, much more.
The Red Herring in Iran Nuclear Negotiations: Arak
The P5+1 and Iran are in Geneva negotiating the details of a first-phase deal on Tehran’s nuclear…
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Secretary of the Treasury Tim Geithner moves into Private Equity
Tim Geithner left the treasury with two goals, the first being to write his own account of the financial crisis and the second to make some of his own money. His book is done and due to be published next year, so that is goal one. Last Saturday Mr. Geithner announced he is joining Warburg Pincus so that would be goal two. Mr Geithner will be joining the ranks of other public officials such as David Petraeus KKR's Chair of the Global Institute and Kenneth Mehlman who became their Head of Global Public Affairs.
Mr. Geithner's wealthier friends have said that he, "needs to make some money". Spending most of his career in government finance, in the treasury he made around $200,000 a year plus $411,000 a year and a $436,686 separation payment from the Federal bank of new york. This may seem like a lot of money but compared to the corporate salaries of his friends in the private sector it is not much. Warburg Pincus trusts that they will get more than just high level contacts and insider knowledge of the treasury from Geithner. They know that he has proved himself as investment savvy. While working at the treasury Geithner dealt with hundreds of billions of dollars in investments for financial institutions to prop up the economy. “The roots of Warburg Pincus go back 45 years and we are really much more a global growth-oriented entrepreneur-centric investor,” says Chip Kaye, co-chief executive. “We have been active in starting and building businesses in energy, technology and healthcare; and we were very early investors in China and India. I think that’s one of the things that most attracted Tim – a broader investing context.”
“He supervised the management of what was, for a time, the largest investment portfolio in the world,” says Mr Millstein. “And though the public will never give him credit for it, he did it very successfully.”
Ink AND paper come together again AND again AND again to make a car that is both mighty AND fast. Because you shouldn’t have to sacrifice one thing for another. On the canvas or the road—AND is better.
Like this? We’re sending out 100 copies of the finished poster to the ones who show their love. Just click here AND give us your contact information. We’ll send you a poster, postage paid by us. (Privacy Policy)
Illustration by Jason Smith
Printed at Progress Custom Screen Printing in Ferndale, MI
Captured by Gentlemen
Giant ‘Siats’ dinosaur discovered, second only to the T.rex
Utah is making a name for itself as the place to unearth dinosaurs. Earlier this year a big-nosed dinosaur was discovered in the state, and just recently a relative of the Tyrannosaurus rex was also unearthed. Today, yet another dinosaur has been discovered: Siats meekerorum. While its name might sound tame, Siats refers to the man-eating monster from the mythology of the Ute Native American people. Siats “was a colossal predator second only to the great T. rex,” explains Lindsay Zanno, director of Paleontology at the North Carolina Museum of Natural Sciences.
Paint it Red: the most stunning designs from Jony Ive and Marc Newson’s charity auction
After nearly two years in the making, a charity auction orchestrated by Jony Ive, Bono, and designer Marc Newson is set to begin this Saturday. While Ive and Bono have collaborated in the past to benefit the musician’s Product Red charity — such as in 2006, when Apple released a black-and-red, U2-themed iPod — Saturday’s auction takes Ive’s involvement much further: working with Newson, the two curated and customized over 40 different items, from chairs, to cars, to Apple products, all of which will go up for sale.
NORQUAY Co. x Artisan Painted Canoe Paddles // Art of Camping
Lazard hits new 52 week high
Zachs Equity Research
November 16th 2013.
Shares of Lazard Ltd. reached a new 52-week high, touching $41.66 at the second half of the trading session on Nov 18. However, the stock closed the session at $41.26, which reflects a solid year-to-date return of 34.7%.The trading volume for the session was 0.5 million shares. Despite the strong price appreciation, this Zacks Rank #3 (Hold) stock has plenty of upside left, given its strong estimate revisions over the last 30 days and expected long-term earnings growth of 12.0%. Growth Drivers Impressive third-quarter 2013 results comprising a positive earnings surprise of 31.64%, top-line growth, a strong capital position and higher assets under management (AUM) were the primary driving factors for Lazard. On Oct 24, Lazard reported third-quarter 2013 adjusted earnings of 46 cents per share, outpacing the Zacks Consensus Estimate of 35 cents. Moreover, this compared favorably with 26 cents earned in the prior-year quarter. On a year-over-year basis, Lazard experienced 10.0% rise in both revenues and AUM, which acted as positives for the quarter. AUM growth resulted from market appreciation and rise in net inflows. Additionally, the company’s capital ratios depict its strong position. However, a 4.3% increase in expenses was the headwind for the quarter. Further, Lazard has delivered positive earnings surprises in 3 out of the last 4 quarters with an average beat of 35.95%. Estimate Revisions Show Potency Over the last 30 days, 3 out of 7 estimates for 2013 have been revised upward, lifting the Zacks Consensus Estimate by 4.7% to $1.77 per share. For 2014, 4 out of 7 estimates moved north, helping the Zacks Consensus Estimate advance 6.1% to $2.44 per share.
Wake up, there is money to be made! This morning, both of our member services (theResearch Center and Intra Day Stock Chat) are seeing gains in their accounts.
1st: The Research Center, which is where swing traders and those who are looking to hold positions for days to weeks reside. Research Center members were alerted to enter a currency trade utilizing an ETF, which could have also been traded through other FOREX instruments last week. Today, the first profit target was hit, profits earned, and now members have a breakeven stop in place while they sit back and wait for more gains. 2nd: The Intra Day Stock Chat, during the live trading session this morning, members were alerted to some great trades and earned great profits. Don’t hear it from us, take a look below at what some members posted to our Facebook fan page wall… Try both services for 7 free no obligation days right now, click here
Silver and gold have sold off recently but still hover quite a bit above their 2013 lows. Investors are wondering if the metal should be bought as the…
Silver and gold have sold off recently but still hover quite a bit above their 2013 lows. Investors are wondering if the metal should be bought as the Federal Reserve signals no stop to their bond buying program known as quantitative easing (QE). The charts probably give us the most unbiased view of where these metals are going. Neither chart looks healthy. Looking at the charts of the SPDR Gold Trust (NYSEARCA:GLD) and the iShares Silver Trust (NYSEARCA:SLV) shows the ugly reality. Recently both charts have broken to the downside below major trend line support. The 2013 lows are all but a lock at this point and gold still has a chance over the next year to hit $1,000 an ounce. Gareth Soloway InTheMoneyStocks.com
Bill Gates holds back tears as he discusses Microsoft’s CEO search
Microsoft chairman Bill Gates held back tears today as he discussed the significance of his company’s search for its next CEO. Gates didn’t have any major updates on Microsoft’s efforts to replace Steve Ballmer, but he did acknowledge the company is interviewing external and internal candidates. “It’s a complex role to fill,” said Gates, before noting that Ballmer’s successor will need to be comfortable running a company like Microsoft.
Typhoon Haiyan: When Do You Say “It’s Time To Start Talking About Climate Change?”
Super Typhoon Haiyan devastated the Philippines, sweeping the island nation with near-record winds…
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VIDEO: U.S. Safety Agency Investigates Tesla Fires
The National Highway Traffic Safety Administration said it would launch a formal investigation…
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Lancia STRATUS……
Key Stock Market Technical Factors Revealed: Understand And Profit
Lazard has announced principal offering
Lazard has announced that one of its subsidiaries Lazard Group LLC, also known simply as the Lazard Group, is commencing principal offer of senior notes due in 2020. The offer will be worth $500 million and the notes will be issued by Lazard Group. They will be offered pursuant to an effective shelf registration statement filed with the Securities and Exchange Commission, they will be senior unsecured obligations of Lazard Group. In addition to the notes offering the Lazard is starting a cash tender offer. This offer will be for all its outstanding 7.125% of senior notes due May 15th, 2015. With these existing notes, Lazard Group expects to exercise its right to redeem all existing notes not purchased in the tender off at a make-whole price. The group intends to use the profits from the notees offering along with cash to purchase or redeem all of its outstanding existing 2015 notes and to pay fees and expenses related. There are a number of groups acting as dealer managers for the tender offer, they include: Citigroup Global Markets Inc., Goldman, Sachs & Co., and Lazard Frères & Co. LLC.
Washington State tears off GMO label bill
Washington state experienced an expensive fight over the labeling of genetically modified foods or GMOs. The bill in question would have mandated that all foods containing GMOs are labeled clearly for consumers, including cereals, soft drinks chips and many other items. The bill was ultimately voted down by Washington voters by a 10 point margin.
The for labeling campaign calling for greater consumer transparency through labels of all products containing GMOs. The against labeling side claimed that labeling GMO foods would create an increased cost to consumers. The opposing side had a lot of large financial backers including the Grocery Manufacturers Association which represents big food corporations such as Campbell Foods, General Mills, Hillshire Brands, and PepsiCo. Together they raised contributed $1 million dollars to oppose the bill. Other donations against the bill came from big agricultural companies such as DuPont, Monsanto and Bayer CropScience. Their contributions totaled around $11 million. So now that the bill didn't pass and GMOs are not labeled we should ask ourselves, how much of our food is GMO and does this make a difference? If we look at the GMOs crops grown today, around 95% of U.S. commodity crops are GMO. This includes 94$ of sugar beets, 90% of soybeans, and 88% of cotton and feed corn. Papaya are an interesting case that demonstrates the benefits of GMOs. In the 1980s basically all papaya was wiped out of Hawaii due to a ringspot virus. Today papaya's grow again on the islands due to virus resistant GMO crops. In the actual stores GMO foods include basically any processed foods with sugar. For the most part non-processed foods are not GMO, for example tomatoes, potatoes, wheat and rice are not GMO in the U.S. Now there is a lot of talk about GMO foods being unhealthy. This for all intents and purposes is not true. If we look at sugar as a general example, by the time it is processed and put into your food the sugar has no chemical difference between non-GMO sugar. There are also claims that crops that are genetically modified with other animals DNA are some how bad for us. The idea that DNA is somehow owned by one animal or another is also absurd. DNA and RNA create the language or code that define life. Essentially all living things have this code and share similar parts of it. Taking code from a fish to create corn with protein may sound weird but it is just a length of code. Humans may share 99% of our DNA with apes but we also share 30% of our DNA with a potatoes. I think GMOs are a amazing step forward for science, being able to make crops resist viruses and grow more effectively with less water has huge agricultural advantages.
VIDEO: Time Cover Calls Christie ‘Elephant in the Room’
Time’s latest cover features NJ Gov. Chris Christie with the words “the elephant in the room.”
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VIDEO: Turkish Police Fire Tear Gas As Kurds Protest Against Syria Wall
Turkish riot police fired tear gas on Thursday to disperse Kurdish protesters demonstrating…
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Tesla runs out of juice again
Tesla cars are so fricken cool!!! Prices for the cult stock Tesla tanked again this week. Tesla this week reported a better than expected Q3 earnings report, so why did the stock tank? Essentially Tesla has become so hyped that anything better than perfect will cause turmoil for this stock. So much performance is expected form the company that to not perform to that expectation will effect the stock price. In this quarter Tesla outperformed their own goals of selling 5000 new model S cars, however investors were expecting no less than 5850 cars. Tesla delivered around 5500 new models. Now the problem is not that there is not demand for the car. Tesla actually can not keep up with their demand, and this is not their fault. Currently they are having shortage of batteries which is slowing down sales. Even though this set back is not Tesla's fault it still had a negative affect on stock price because of the unreasonable expectation set for the company. The result of this set back send stocks plunging yesterday dropping from $176 to $142 where it sits today. The fall was so rapid yesterday it triggered the exchanges short sale circuit breaker (this does not happen often). This breaker temporarily stops sales of borrowed shares. Analysts estimate the stocks actual value is somewhere around 141$. However with the amount of hype and attention the company is getting, this stock will likely still see a lot of dynamic change. Rising on minor achievements and crashing on small setbacks.