Earlier today, President Obama took some time away from motivating sputtering baseball teams to propose a “grand bargain,” whereby the President would be willing to reduce corporate tax rates if the additional tax revenue were used to create jobs for the middle class. …read more
Source: FULL ARTICLE at Forbes Latest
Earlier this year, I reported on Greg Goldin and Sam Lubell’s campaign to launch “Never Built: Los Angeles,” a show about an L.A. metropolis that never was — from an offshore Santa Monica freeway to Frank Lloyd Wright’s imagined downtown master plan. After months of fundraising, the exhibition opened this week at the city’s A+D Museum and runs through October 13, 2013. I spoke to Goldin and Lubell about putting it together. …read more
Source: FULL ARTICLE at Forbes Latest
By Skoll World Forum, Contributor
Earlier this year, the 2013 Social Innovation Summit convened at the United Nations Plaza in New York City. To spotlight some of the ideas and initiatives represented at the conference, The Skoll World Forum asked some of the leading social innovators in attendance to share with us the latest insight into the power of impact investing, what drives millennials to philanthropy, how to end global child trafficking, and new ways to harness digital advocacy for social change. Participants include JPMorgan Chase & Co., Facebook, Hilton Worldwide and the Robin Hood Foundation. Read the full series here. …read more
Source: FULL ARTICLE at Forbes Latest
By Skoll World Forum, Contributor
Earlier this year, the 2013 Social Innovation Summit convened at the United Nations Plaza in New York City. To spotlight some of the ideas and initiatives represented at the conference, The Skoll World Forum asked some of the leading social innovators in attendance to share with us the latest insight into the power of impact investing, what drives millennials to philanthropy, how to end global child trafficking, and new ways to harness digital advocacy for social change. Participants include JPMorgan Chase & Co., Facebook, Hilton Worldwide and the Robin Hood Foundation. Read the full series here. …read more
Source: FULL ARTICLE at Forbes Latest
By Skoll World Forum, Contributor
Earlier this year, the 2013 Social Innovation Summit convened at the United Nations Plaza in New York City. To spotlight some of the ideas and initiatives represented at the conference, The Skoll World Forum asked some of the leading social innovators in attendance to share with us the latest insight into the power of impact investing, what drives millennials to philanthropy, how to end global child trafficking, and new ways to harness digital advocacy for social change. Participants include JPMorgan Chase & Co., Facebook, Hilton Worldwide and the Robin Hood Foundation. Read the full series here. …read more
Source: FULL ARTICLE at Forbes Latest
Earlier this month, announced disappointing earnings, and its stock immediately dropped 5% (Disclosure: I own Google stock through a fund). Most disturbingly, the company’s core revenue driver, the revenue it gets for each click on an ad, decreased 6% while traffic acquisition costs increased. …read more
Source: FULL ARTICLE at Forbes Latest
Earlier this year, actress, advocate and philanthropist Eva Longoria was awarded the Dorothy I. Height Racial Justice Award by YWCA USA, one of the oldest and largest non-profit organizations dedicated to improving the lives of women and eliminating racism. …read more
Source: FULL ARTICLE at Forbes Latest
Earlier this month, Gujarat chief minister and BJP’s prime ministerial contender Narendra Modi ousted Congress minister Shashi Tharoor as the Indian politician with the most followers on Twitter. Modi is closing in on 2 million followers while Tharoor, who had long-reigned as the most popular, trails just behind. Modi’s presumed rival for the prime ministerial post, the Congress’ Rahul Gandhi is conspicuous by his nonexistence on Twitter. Modi and Gandhi are going head-to-head on Facebook where their fan pages are garnering a multitude of “likes”. As India’s general election nears, the colorful political rallies and raucous sloganeering is yet to begin. But the digital face-off between political parties and their leaders has already reached a shrill extreme. The main Congress and BJP have set up what are dubbed ‘digital war rooms’ and mandated that leaders get active on Twitter. Each party is mobilizing thousands of impassioned supporters on social networks. Even the newly-launched Aam Admi Party (Hindi for common man’s political party) of anti-corruption crusader Arvind Kejriwal is vociferous on social media. With even more frenetic social media activity forecast in the coming months, India’s upcoming general election is giving an inadvertent, huge boost for Twitter and Facebook. “Politics, and indeed democracy, is moving from the old model of one-way political rhetoric sans any real participation to an increasingly voluble, energetic, fractious, interactive engagement on social media,” said Rajeev Chandrasekhar, an independent member of the Indian parliament, who formerly founded and then sold telecom operator BPL Mobile. “On social networks, politicians cannot hide from scrutiny and interactivity.” India has the third-largest base, after the United States and China, of internet users. In reality, the reach of the internet, and consequently social media, is limited, as its nearly 150 million users represent a fraction of the total population. Of these, however, two out of three users are said to access social networks daily. India is shaping up to be an important market for online advertising. Google currently leads in online revenues in India, followed by Facebook. India’s Twitter base, about 20 million users as per a study by the Internet and Mobile Association of India, is growing rapidly. Meanwhile Facebook said in a recent SEC filing that India and Brazil represent key growth regions in the first quarter of 2013 compared to the period a year ago. It reported 78 million monthly active users (MAUs) in India in the March quarter of 2013. India could boast of the world’s largest base of 277 million Facebook users by 2017. While social networks’ growth is slacking off in the West, populous countries such as Brazil, India and Russia offer plenty of growth room. Social media’s new relevance in Indian electoral politics is highlighted by the fact that the small population active on these networks is influential in urban constituencies. One study says that Facebook and Twitter could help decisively swing votes in 160 of India’s 543 parliamentary constituencies. That could be the change. In the past, India’s urban, educated voters have largely shied …read more
Source: FULL ARTICLE at Forbes Latest
By Margie Warrell, Contributor
Earlier this week I had the rather odd experience of learning that my writing had been plagiarised by a school principal. While I must admit to feeling a bit flattered that an educator – whose grammar is likely far superior to my own – found my words worth copying as her own, I also found myself wishing that she had taken time to read the chapter in my book Stop Playing Safe about the importance of building our career, and life, on a solid foundation of integrity. Had she heeded it’s advice, it would have spared her enormous damage to her career and reputation, as well as many years of hard work ahead to rebuild it, if she ever can. …read more
Source: FULL ARTICLE at Forbes Latest
By Tony Nitti, Contributor Earlier today, the IRS published Revenue Procedure 2013-29, which expands the opportunity for accrual basis businesses that receive advance payments to defer the income related to those payments. This is one you should care about, particularly if you or your clients receive advance payments in exchange for redeemable gift cards. Let’s get to the Q&A. …read more
Source: FULL ARTICLE at Forbes Latest
Earlier this month launched its flagship smartphone, the Lumia 1020, featuring the second iteration of the Finnish company’s groundbreaking 41MP image sensor. The smartphone was launched at a press event and plenty of samples were on hand for journalists to play with. Unfortunately, we were not allowed to publish any images taken with the 1020. Since then we’ve had to make do with a set of official sample images released by Nokia to assess the camera’s performance. …read more
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Earlier this year, a team of researchers in Europe decided to examine the relationship between cutting-edge technology and healthcare costs. …read more
Source: FULL ARTICLE at Forbes Latest
Earlier this month, the Financial Times published a pair of important articles asking why the goal of a firm is to maximize short-term shareholder value is still being taught in business schools. “While there is growing consensus that focusing on short-term shareholder value is not only bad for society but also leads to poor business results, much MBA teaching remains shaped by the shareholder primacy model.” The challenge is massive because shareholder value is now deeply embedded in the basic economics that is taught in business schools and economics faculties around the world. Moving on from the shareholder value theory, which even its foremost exemplar, Jack Welch, has called “the dumbest idea in the world”, will entail re-thinking and re-writing much of the basics of modern economics. Two prime textbooks on managerial economics To understand the depth of the problem, let’s look at a couple of the best-selling textbooks on managerial economics. One is Managerial Economics and Business Strategy, by Professor Michael Baye, the Bert Elwert Professor of Business Economics in the Kelley School of Business at Indiana University and Jeffrey T. Prince, Associate Professor of Business Economics & Public Policy also at the Kelley School of Business. …read more
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Earlier this week, McDonald’s made headlines for offering a sample budget to its employees living on minimum wage. …read more
Source: FULL ARTICLE at Forbes Latest
Earlier this week, I wrote about Adam Alter’s recent book, “Drunk Tank Pink And Other Unexpected Forces That Shape How We Think, Feel, And Behave,” which reveals numerous unseen forces that affect our thoughts and actions. …read more
Source: FULL ARTICLE at Forbes Latest
By Andrew Goodman, Contributor
Earlier this year Abbott (ABT) jettisoned its proprietary pharmaceutical business, AbbVie (ABBV), in the form of a tax- free stock spinoff to shareholders. The new Abbott is a diversified healthcare company that consists of four major businesses that include: nutritional products, branded generic pharmaceuticals, medical devices, and diagnostics. 70% of the company’s sales come from outside the United States and 40% from emerging markets. …read more
Source: FULL ARTICLE at Forbes Latest
By Christopher Versace, Contributor
Earlier this week Dish Network (DISH) made a $25.5 billion bid for Sprint-Nextel (S), which already received a $20 billion cash bid for 70% of the company last October from SoftBank Corp. (SFTBF). This could result in a good ol’ fashion merger brawl where these company bids could be followed by escalating bids or perhaps even a third entity entering the mix. Sounds like someone might need to re-read their copy of the classic Barbarians at the Gate: The Fall of RJR Nabisco by Bryan Burrough and John Helyar.
Earlier this month, officials at the Centers for Medicare and Medicaid Services announced that they’d increase payments in the market-based Medicare Advantage program by 3.3 percent next year.
Earlier this week a friend showed me some photos of a guy in New York passed out with Tom Hanks at a local restaurant. I’m not sure how old these photos are, but at first glance we thought it was the real deal, we’d heard that Tom noticed the kid face down in his food, grabbed the kids cell phone, and started taking pictures. That wasn’t the case; the kid saw Hanks and asked if they could fake a few photos. Apparently Tom Hanks is a genuinely nice guy and went along with the gag. …read more
Source: FULL ARTICLE at Forbes Latest
Earlier this week, Ad Age reported that “when it comes to millennials”, burger giant McDonald’s “doesn’t even rank among the demographic’s top 10 restaurant chains.” Data from BrandIndex corroborates this report, showing that even among millennials who are regular burger eaters, the chain does not fare so well in terms of perception. …read more
Source: FULL ARTICLE at Forbes Latest
