Entrepreneurship

NYC Mayor Seeks to Ban Short-Stay Residential Room Hotels

"The charge that there are hazardous conditions in these rooms that put guests in danger is absurd. The rooms are all in residential high-rises, which house thousand of permanent residents. What's really going on here is that the two firms are competing with establishment hotels and providing cheaper rates. Bloomberg is creating a moat around the crony establishment NYC hotel industry that will make it extremely difficult, if not impossible, for operators like Smart Apartments to provide cut-rate hotel prices in a city with extremely high hotel rates." Continue reading →

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Reverse brain drain: Economic shifts lure migrants home

"The financial crisis that began in 2008 has tested middle-class America's sense of stability and the European right to social welfare. It has also caused many to question whether the developed world is still the only land of opportunity worth migrating to. Emerging economies not only are faring better than most of the developed world in the current recession, they also continue to grow, drawing back their expatriates and, in some cases, even luring new high-skilled citizens of the US and Europe. Those countries losing their allure could also lose their competitive edge." Continue reading →

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James Altucher: Why I Won’t Vote

"People get very upset about this voting thing. I’m accused of being unpatriotic, for instance. Or my little 10 year old told me, 'more people will run stop signs if we don’t have a President.' She associates a President with a magical parent. Perhaps projecting her own sense that I don’t give her enough boundaries for her to figure out where the edge of childhood ends and adulthood begins. I let her run a Stop sign when I don’t set a bedtime, or turn her TV off. She wants a President who will tell her when to 'STOP!' So here are some reasons for not voting. I’m not asking anyone to agree with me. Many people like to vote. Do things that you like to do." Continue reading →

Continue ReadingJames Altucher: Why I Won’t Vote