Watch Zuck, Bill Gates, Jack Dorsey, & Others In Short Film To Inspire Kids To Learn How To Code

Watch Zuck, Bill Gates, Jack Dorsey, & Others In Short Film To Inspire Kids To Learn How To Code


posted 2 hours ago, the new non-profit aimed at encouraging computer science education launched last month by entrepreneur and investor brothers Ali and Hadi Partovi, has assembled an all-star group of the world’s most well-known and successful folks with programming skills to talk about how learning to code has changed their lives — and isn’t quite as hard as people might think.

As you can see in the five minute clip embedded above, the short film (nine minutes in its full length version) which was directed by Lesley Chilcott, known as the producer of Waiting for Supermanand An Inconvenient Truth, is a who’s who featuring Mark ZuckerbergBill GatesJack Dorsey,Drew HoustonTony Hsieh, Miami Heat player Chris Bosh (he studied computer imaging at Georgia Tech before joining the NBA), and many more. It’s a very human look at what can certainly seem to many as a dry or intimidating subject, and it’s really a pleasure to watch. Read more of this post

Great Leaders Know When to Forgive

Great Leaders Know When to Forgive

by Rosabeth Moss Kanter  |   8:00 AM February 26, 2013

Leaders must be firm and foster accountability, but they also must know when to forgive past wrongs in the service of building a brighter future. One of the most courageous acts of leadership is to forgo the temptation to take revenge on those on the other side of an issue or those who opposed the leader’s rise to power.

Instead of settling scores, great leaders make gestures of reconciliation that heal wounds and get on with business. This is essential for turnarounds or to prevent mergers from turning into rebellions against acquirers who act like conquering armies.

Nelson Mandela famously forgave his oppressors. After the end of apartheid, which had fostered racial separation and kept blacks impoverished, Mandela became South Africa’s first democratically elected President. Some in his political party clamored for revenge against members of the previous regime or perhaps even all privileged white people. Instead, to avoid violence, stabilize and unite the nation, and attract investment in the economy, Mandela appointed a racially integrated cabinet, visited the widow of one of the top apartheid leaders, and created the Truth and Reconciliation Commission that would clear the air and permit moving forward. Read more of this post

A Nation of Gamblers: Real Estate Speculation and American History

A Nation of Gamblers: Real Estate Speculation and American History

Edward L. Glaeser 

Harvard University – John F. Kennedy School of Government, Department of Economics; Brookings Institution; National Bureau of Economic Research (NBER)
February 2013
NBER Working Paper No. w18825 

The great housing convulsion that buffeted America between 2000 and 2010 has historical precedents, from the frontier land boom of the 1790s to the skyscraper craze of the 1920s. But this time was different. There was far less far less real uncertainty about fundamental economic and geographic trends, making the convulsion even more puzzling. During historic and recent booms, sensible models could justify high prices on the basis of seemingly reasonable projections about stable or growing prices. The recurring error appears to be a failure to anticipate the impact that elastic supply will eventually have on prices, whether for cotton in Alabama in 1820 or land in Las Vegas in 2006. Buyers don’t appear to be irrational but rather cognitively limited investors who work with simple heuristic models, instead of a comprehensive general equilibrium framework. Low interest rates rarely seem to drive price growth; under-priced default options are a more common contributor to high prices. The primary cost of booms has not typically been overbuilding, but rather the financial chaos that accompanies housing downturns.

India: Government borrowing generates inflation, widens the external deficit and crowds out much-needed investment. Can India now overcome its debt addiction?

India’s public finances

A walk on the wild side

Government borrowing generates inflation, widens the external deficit and crowds out much-needed investment. Can India now overcome its debt addiction?

Feb 23rd 2013 | MUMBAI |From the print edition

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INDIA has grappled with its public finances for long enough. When presenting its first budget after independence in 1947, the finance minister of the day insisted that the country was not living beyond its means. Yet every budget since has failed to produce a surplus. India borrows more heavily than typical big emerging economies and faces more periodic crises. Palaniappan Chidambaram is the latest to try to tame the fiscal beast. He became finance minister, for the third time, last July. On February 28th he will present his budget, possibly the last one before the ruling Congress Party goes to the polls, which must take place by mid-2014.

India’s economy is a concern. Growth is running at about 5%, nearly half what it once was. The external deficit is at a record, while inflation remains stubbornly high. Last year India faced the threat of a downgrade of its credit rating to “junk” status. Thankfully, Mr Chidambaram has shaken Congress from its stupor. The party is to blame for the present budget mess, having launched a pre-election spending spree in 2008 that continued. Subsidies, mainly of fuel, almost doubled, to 2.4% of GDP. The central government’s deficit has been 5-6.5% of GDP. Add in spending by the states, and India’s overall budget deficit has been running at a wild 8-10% of GDP. Read more of this post

Indonesia: Gloomy politics, so how long can the bright economics last?

Indonesia’s economy

Gloomy politics, so how long can the bright economics last?

Feb 23rd 2013 | JAKARTA |From the print edition


ITS public life is dismal, but Indonesia’s economy is, for now, among the brighter performers in Asia. The corruption scandals engulfing the ruling Democratic Party underscore the disappointment of Susilo Bambang Yudhoyono’s second and final term. The president exercises only a weak grip on the helm, and conservatives in government have manoeuvred economic modernisers to the sidelines. Yet the economy zips along. It grew by 6.2% last year, and the government now aims for growth of 6.8% in 2013.

After a decade of painful restructuring for banks and companies, Indonesian businesses are ramping up spending on new factories and infrastructure. Investment now accounts for nearly a third of GDP. Annual imports of things like machinery and mechanical equipment are growing at double-digit rates.

Yet Indonesia’s investment-led boom is now posing problems. Exports are weak, because of depressed global demand and lower prices for many of the natural resources that the country sells to the world. Merchandise imports are growing strongly. The result is a collapse in the trade balance. After a surplus of almost $26 billion in 2011, Indonesia posted a trade deficit last year—its first annual deficit since the late 1960s. The current account, too, swung into deficit in 2012, ending a 14-year run of surpluses (see chart). It has all put pressure on the rupiah, recently one of Asia’s worst-performing currencies. Read more of this post

Fast Retailing to Asahi Named to Women-Empowering Firms List; The exchange labeled the women-empowering companies selection the “Nadeshiko” list

Fast Retailing to Asahi Named to Women-Empowering Firms List

Fast Retailing Co. (9983), Asia’s largest apparel seller, and Nissan Motor Co. are among the Japanese companies that do the most to empower female employees, according to the Tokyo Stock Exchange.

The world’s largest bourse outside the U.S. selected those companies and 15 others for its list of firms that provide child care services and career advancement opportunities for female employees, the bourse said in a statement today.

“Expectations are increasing that women will help revive the Japanese economy,” said Hiroki Kawai, an official at Japan Exchange Group Inc. (8697), which operates the Tokyo Stock Exchange.

The list was compiled with the help of the Ministry of Economy, Trade and Industry and is the exchange’s third specialty selection. The exchange has said it expects the lists to encourage trading, which plunged 58 percent on the first section to 307 trillion yen ($3.34 trillion) in the six years ended Dec. 31.

“We started by picking a theme that would make investors want to cheer companies on by investing,” Kawai told reporters today in Tokyo. He said it can be difficult for individual investors to carefully select from the more than 2,000 companies on the Tokyo bourse.

The exchange initially chose as many as two top companies from each of 33 industry sub-sectors, then narrowed the selection based on two criteria: Promoting women to management positions and offering support allowing a balance of work and family needs. Read more of this post

Bernanke’s efforts to rescue the economy could result in more than a half trillion dollars of paper losses on the central bank’s books if interest rates rise abruptly from recent levels

Fed Faces Explaining Billion-Dollar Losses in Stress of QE3 Exit

Federal Reserve Chairman Ben S. Bernanke’s efforts to rescue the economy could result in more than a half trillion dollars of paper losses on the central bank’s books if interest rates rise abruptly from recent levels.

That sum is the difference between the value of securities in the Fed’s portfolio on Dec. 31 and what they may fetch in three years, according to data compiled by MSCI Inc. of New York for Bloomberg News. MSCI applied scenarios devised by the Fed itself for stress-testing the nation’s 19 largest banks.

MSCI sees the market value of Fed holdings shrinking by $547 billion over three years under an adverse scenario that includes an economic contraction and rising inflation. MSCI puts the Fed’s mark-to-market loss at less than half that, or $216 billion, if the economy performs in line with consensus forecasts of gradually rising growth, inflation and interest rates.

The potential losses are unprecedented in the Fed’s 100- year history, and Bernanke has never used congressional testimony to give a detailed explanation of the consequences of shifting hundreds of billions in interest-rate risk from private portfolios onto the Fed’s balance sheet. Today, Bernanke appears before senators who oversee the Fed and may face questions on how the $3.1 trillion balance sheet will affect an exit from the stimulus program, remittances to taxpayers, and its ability to stabilize inflation expectations. Read more of this post

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