Yearly Archives: 2013

Librarian wants to ban 5-time reading champ from contest

"After Tyler Weaver read 63 books between June 24 and Aug. 3 to win this year’s Dig Into Reading competition at the Hudson Falls Public Library, director Marie Gandron told a reporter from the Glens Falls Post-Star that Weaver 'hogs' the contest every year and should 'step aside.' 'Other kids quit because they can’t keep up,' Gandron said. Gandron's declaration didn't sit well with Tyler and his family. 'When he heard what the director said [about him] he was very upset,' Katie Weaver, Tyler’s mother, told TODAY. 'He’s never seen being good at reading to be a negative thing. And he shouldn’t! He realized that the director was wrong.'" Continue reading →

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Successful Entrepreneurs Share a Common History of Getting in Trouble as Teenagers

"They found that successful entrepreneurs possess distinct traits identifiable back when they were teenagers. Some of the not-so-surprising traits include having a high IQ, coming from a stable family, having parents who earn a higher than average income, and having exceptionally high self-esteem and confidence. However, some other common traits are often associated with juvenile delinquency. The study found that successful entrepreneurs displaying these traits typically started their careers as top high earning salaried workers, and when they branched out on their own and successfully established their companies, they tended to enjoy a boost in earnings of 70%." Continue reading →

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Facebook launches global Internet access initiative

"Facebook and other technology giants launched an initiative Wednesday designed to give the whole world access to the Internet. The project is entitled Internet.org and its goal is to cut the cost of smart phone-based Internet services in developing countries. Today some 2.7 billion people, just over a third of the world’s population, have access to the Internet and the number of new users is growing only slowly each year, a statement said. The other partners in the project are Nokia, Ericsson, Samsung, Qualcomm, MediaTek and Opera, while Twitter and LinkedIn also also due to sign up." Continue reading →

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I Am Young Detroit: Andy Didorosi

"Andy Didorosi is a serial social entrepreneur. He’s founded several ventures including Paper Street, Detroit Bus Company, The Thunderdrome, and Wireless Ferndale. He started working when he was sixteen, buying and selling auction cars. He would buy them really cheap and spend a long time fixing them up and sell them for a lot more online through Craigslist. At the same time he’d be working at a little Italian restaurant bussing tables, but realized it wasn’t for him. 'I’m a terrible, terrible employee,' he says, 'I could never work for anybody ever again.' Detroit is better off with him doing his own thing anyway, because he’s helping to fill in a few of the gaps the city has failed to." Continue reading →

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Obamanomics, as Captured by Cartoonists

"As evidenced by my political cartoon contest, I’m a big fan of that form of satire. And if I’m looking at cartoons specifically about statist economic policy, my favorites include Chuck Asay’s dead pig cartoon, as well as his cartoon about the big bad wolf. And this Michael Ramirez headwinds cartoon is one of the most-viewed posts in the history of my blog, though I personally prefer his European lemming cartoon. Now let’s add some more cartoons to the collection, beginning with a Michael Ramirez gem about Detroit." Continue reading →

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Doug Casey: “We’re Still In The Midst Of The Biggest Bubble In World History”

"We’re still in the midst of the biggest bubble in world history. It’s bigger than the tech stock market bubble around the turn of the century. It’s bigger than the real estate bubble…[it's] the bond bubble. With interest rates ranging from zero to a few percent—this is the biggest bubble in history and when it collapses, it’s going to be catastrophic because the bond market is so huge. It’s much bigger than the stock market is. [..] We’re pretty close to the edge of the precipice…it’s fascinating to watch but I can’t be optimistic about the next few years…[but] that doesn’t mean the world is going to come to an end—It just means it’s going to be reorganized.” Continue reading →

Continue ReadingDoug Casey: “We’re Still In The Midst Of The Biggest Bubble In World History”

18 Signs That Global Financial Markets Are Entering A Horrifying Death Spiral

"The much anticipated 'financial correction' is rapidly approaching, and investors are starting to race for the exits. We have not seen so many financial trouble signs all come together at one time like this since just prior to the last major financial crisis. It is almost as if a 'perfect storm' is brewing, and a lot of the 'smart money' has already gotten out of stocks and bonds. Could it be possible that we are heading toward another nightmarish financial crisis? Could we see a repeat of 2008 or potentially even something worse?" Continue reading →

Continue Reading18 Signs That Global Financial Markets Are Entering A Horrifying Death Spiral

Analysts: Muni-Bond Selloff Looks Like Lehman All Over Again

"It's wrong to just take to periods and look at empirical data to forecast out. You need theory to explain the moves and any similarities. The similarities come about based on Austrian Business Cycle Theory, which says a slowdown in money printing results in a shrinking in the capital structure of the economy. As a result there is upward pressure on interest rates, as those seeking funds must bid up rates to entice investors. It such a slowdown in money growth occurring? It sure is. Just like it did in 1929, 1987 and 2008." Continue reading →

Continue ReadingAnalysts: Muni-Bond Selloff Looks Like Lehman All Over Again

Would you like unlimited days off?

"The practice is gaining ground in places like Silicon Valley, where start-ups spring up like weeds and venture capitalists who have never seen a timecard make little if any distinction between 'work' and 'nonwork' time for themselves or their employees. For employers, the benefits of unlimited vacations include not having to use staff time to track and record vacation hours. There’s no need to pay employees for their 'accrued' vacation time if they leave; they don’t accrue any. Among the companies that have already put an unlimited vacation policy in place are Netflix; Best Buy; Zynga, the online game maker; and Rodale, the magazine publisher." Continue reading →

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New crowdfunding site JumpStart Fund hopes to launch new startups

"The new platform called JumpStart Fund, marrying crowd-sourcing with crowdfunding, comes from the California-based online community called Jumpstarter, which has been involved in matching investors with technology opportunities. JumpStart Fund was designed to be an online community where people can share ideas and build businesses based on patented technology, with individuals getting stakes in startups based on what they bring to the mix. JumpStart is working with federal research labs holding thousands of patents deemed public property because they were paid for with tax dollars and is reaching out to US universities and private facilities." Continue reading →

Continue ReadingNew crowdfunding site JumpStart Fund hopes to launch new startups