Carlos Barria/Reuters A man looks at the Pudong financial district of Shanghai November 20, 2013. The International Monetary Fund is meant to be the firefighter of the world economy. Recently, though, it is China that has responded to the ringing of alarms. First, it lent Argentina cash to replenish its dwindling foreign-exchange reserves. Next, with […]
Michael Yarish/AMC Mad Men is a television show about men explaining things to Peggy Olson How much productivity is lost by men unnecessarily explaining things to women? There’s a phenomenon out there known as mansplaining — which The Atlantic’s Lily Rothman describes as “explaining without regard to the fact that the explainee knows more than the […]
Stephanie Yang/Business Insider A student poses for a picture at a Beijing Foreign Studies University entrance during freshmen orientation and move-in days. Two years ago, The New York Times reported that China is pouring $ 250 billion a year into higher education, with a goal of producing 195 million college graduates by 2020. Judging by […]
Billionaire activist investor Bill Ackman told the Wall Street Journal that he’s committed the largest amount of money that he’s ever allocated to another hedge fund. Ackman, who runs $ 18 billion Pershing Square Capital and was the best performing hedge fund manager in 2014, has invested an undisclosed sum in 38-year-old Phi Hilal’s new […]
The head of one of Russia’s largest banks likened the EU’s decision to extend the sanctions imposed on Russia to an act of economic war. “We have quite a strong opinion on sanctions. Sanctions, in other words, are economic war against Russia,” Andrey Kostin, the CEO of VTB bank, told CNBC in Moscow on Thursday. […]
REUTERS/China Photo Macau casino mogul Stanley Ho proposes a toast during a ceremony to celebrate the opening of his new commercial complex named “The Shanghai City” in Shanghai’s Hongqiao district. He’s technically no longer in the business, but casino tycoon Stanley Ho’s influence on world wide gambling is impossible to ignore. The 92-year-old billionaire is […]
The penthouse of New York City’s Pierre Hotel hit the market for a record $ 125 million in late April 2013. But the property, which belonged to late investor Martin Zweig, has yet to find a buyer. The price was just slashed nearly in half to $ 63 million, half its initial asking price, reports the […]
Twitter.com/TheVeronicaVain Paige A. Jennings (“Veronica Vain”) Former Wall Street intern Paige A. Jennings who quit her job this month to pursue a career as a porn star named “Veronica Vain” is shooting her first film this weekend. ArrangementFinders.com–a dating website that connects attractive young women with rich old men–announced that it has signed Jennings (Veronica Vain) […]
Japan has a growing league of activist investors – and they’re friendly and polite, according to The Wall Street Journal’s Kosaku Narioka. The shareholders have even rebranded themselves to seem less brash, adopting the term “engagement” funds, the report said. Activist investing has historically been rare in Japan, a country where the corporate culture “has favored […]
Back in 1939, Winston Churchill famously remarked that Russia was “a riddle wrapped in a mystery inside an enigma.” For most people, his words ring true to this day. Although Russia is the largest country in the world and has the eighth-largest GDP, little is widely known about the nation and its culture. To help you out with […]