SingPost sells its online luxury goods store to Reebonz

SingPost sells its online luxury goods store to Reebonz

March 4, 2014

by Terence Lee

SingPost is bidding sayonara to Clout Shoppe, an online luxury goods store it started in 2011. It has sold the business to Reebonz, a company that also sells branded goods on the internet. Terms of the sale were not disclosed. Read more of this post

The remains of trilobites, a diverse group of marine animals much older than dinosaurs, are remarkably well preserved, providing fresh insights of their anatomies and social behavior

When Trilobites Ruled the World

MARCH 3, 2014

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A well-preserved trilobite specimen from Morocco that lived during the Devonian Period roughly 400 million years ago. CreditChip Clark/Smithsonian

By NATALIE ANGIER

WASHINGTON — Trilobites may be the archetypal fossils, symbols of an archaic world long swept beneath the ruthless road grader of time. But we should all look so jaunty after half a billion years. Read more of this post

Big Data Means Big Questions on How That Information Is Used

MARCH 3, 2014, 3:12 PM  1 Comments

Big Data Means Big Questions on How That Information Is Used

By NATASHA SINGER

CAMBRIDGE, Mass. — With the success of its free open online course system, called MITx, the Massachusetts Institute of Technology finds itself sitting on a wealth of student data that researchers might use to compare the efficacy of virtual teaching methods, and perhaps advance the field of Web-based instruction. Read more of this post

The Best Investment Strategy? Getting Out of Our Own Way

The Best Investment Strategy? Getting Out of Our Own Way

By CARL RICHARDSMARCH 3, 2014

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We’re still making the same old mistake of buying investments when prices are high and selling them once their prices have fallen. Read more of this post

Of cancer and high drug prices; As cancer cases and deaths shoot up, doctors and patients are outraged by the exorbitant cost of medicines and call for action to be taken

Monday March 3, 2014 MYT 6:55:25 AM

Of cancer and high drug prices

BY MARTIN KHOR

As cancer cases and deaths shoot up, doctors and patients are outraged by the exorbitant cost of medicines and call for action to be taken. Read more of this post

ingapore now the world’s most expensive city: Economist

Singapore now the world’s most expensive city: Economist

SINGAPORE — Singapore has topped the Economist Intelligence Unit (EIU) list of the world’s most expensive cities to live in, according to the 2014 list released yesterday (this morning, March 4, Singapore time).

1 HOUR 14 MIN AGO

SINGAPORE — Singapore has topped the Economist Intelligence Unit (EIU) list of the world’s most expensive cities to live in, according to the 2014 list released yesterday (this morning, March 4, Singapore time). Read more of this post

Buffett says bitcoin “not a currency”

Buffett says bitcoin “not a currency”

POSTED: 04 Mar 2014 10:47
Warren Buffett, chief executive of investment conglomerate Berkshire Hathaway and one of the world’s most respected investors, told CNBC television Monday that bitcoin “does not meet the test of a currency.” Read more of this post

Artificial heart fails test in 76-year-old

Artificial heart fails test in 76-year-old

POSTED: 04 Mar 2014 10:46
An artificial heart, made of soft “biomaterials” and an array of sensors to mimic the contractions of the heart has failed to keep alive a 76-year-old man who received the ‘heart’ which aims to enable hospitalised patients to return home and maybe even resume work while waiting for a donor heart. Read more of this post

Why Star Silicon Valley Investor Ben Horowitz Is Obsessed With Hip Hop Music

Why Star Silicon Valley Investor Ben Horowitz Is Obsessed With Hip Hop Music

ALYSON SHONTELL TECH  MAR. 3, 2014, 9:07 PM

If you’ve ever read Ben Horowitz’s blog, you know his posts often begin with a few lines from a rap song.

Horowitz is a partner at top Silicon Valley venture capitalist firm, Andreessen Horowitz. He’s frequently seen hanging with celebrities like Kanye West and he led an investment in Hip Hop annotation site Rap Genius. Read more of this post

13 Wonderful Old English Words We Should Still Be Using Today

13 Wonderful Old English Words We Should Still Be Using Today

CHRISTINA STERBENZ EDUCATION  MAR. 4, 2014, 12:30 PM

As the years pass, language evolves. Read more of this post

Why Ugg Boots Have Become So Ubiquitous

Why Ugg Boots Have Become So Ubiquitous

ASHLEY LUTZ RETAIL  MAR. 4, 2014, 12:39 AM

Ugg boots are a polarizing topic.

Over the last decade, the comfortable footwear has developed an ardent following. Yet, the boots are often mocked for their clunky aesthetic.  Read more of this post

After Building A Powerful Recommendation System For Netflix, This Guy Wants To Help You Find Your Next Favorite Book

After Building A Powerful Recommendation System For Netflix, This Guy Wants To Help You Find Your Next Favorite Book

DYLAN LOVE TECH  MAR. 4, 2014, 2:34 AM

Nicholas Ampazis builds software that makes recommendations for you. Where it was once making movie recommendations on Netflix, he’s turning it to the book world. Read more of this post

New breed of China-born designers seek their fortunes in Paris

March 3, 2014 1:28 pm

New breed of China-born designers seek their fortunes in Paris

By Elizabeth Paton

Among the well-established houses on the Paris Fashion Week calendar, a growing number of new names hail from mainland China. Read more of this post

‘White gold’ turns New Zealand into the ‘Saudi Arabia of milk’

March 3, 2014 8:49 am

‘White gold’ turns New Zealand into the ‘Saudi Arabia of milk’

By Jamie Smyth in Sydney

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It was once derided as a country with 20 sheep for every person. But it is now cows that rule resplendent as an agricultural revolution driven by consumers in China has made New Zealand the world’s biggest milk supplier and transformed its US$175bn economy. Read more of this post

Norway’s oil fund caught between the devil and deep blue sea

March 3, 2014 3:03 pm

Norway’s oil fund caught between the devil and deep blue sea

By Richard Milne in Oslo

Sovereign wealth fund may cease investing in fossil fuels

On the very day last week when Norway’s parliament discussed banning its sovereign wealth fund from investing in coal miners, Store Norske, the country’s state-owned coal miner, opened a mine on the Arctic island of Svalbard. Hypocrisy was the word on the lips of environmentalists. Read more of this post

Tech entrepreneur aims to revolutionise shopping

March 4, 2014 12:20 am

Tech entrepreneur aims to revolutionise shopping

By Sally Davies and Andy Bounds

Dan Wagner, one of the most controversial figures of the UK’s dotcom boom and bust, has vowed to save the high street from “tumbleweeds and lawlessness” with the launch of a new digital shopping venture that he claims will change the way everyone shops forever. Read more of this post

Frontier Markets: Strengths and Risks; Growth Prospects Are Good, But Liquidity Is One Concern

Frontier Markets: Strengths and Risks

Growth Prospects Are Good, But Liquidity Is One Concern

JAVIER ESPINOZA

March 3, 2014 4:00 p.m. ET

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Frontier-stock funds are a way to bet on consumer spending in countries such as Vietnam, shown here.Reuters

The recent kerfuffle in emerging markets has led some mutual-fund managers to advocate for investing in arguably even more volatile regions: “frontier” markets. Read more of this post

Active Stock ETFs Are Poised to Take Off; Fund Companies Are Rolling Out Funds and Regulators Are Weighing New Designs

Active Stock ETFs Are Poised to Take Off

Fund Companies Are Rolling Out Funds and Regulators Are Weighing New Designs

ARI I. WEINBERG

March 3, 2014 4:00 p.m. ET

In the $1.7 trillion world of exchange-traded products in the U.S., one lonely corner of the market has received outsize attention lately: the so-far tiny realm of actively managed stock exchange-traded funds. Read more of this post

Shedding Some Light on Shadow Banking; Don’t let a vaguely sinister label for this useful financing prompt harmful regulations

Shedding Some Light on Shadow Banking

Don’t let a vaguely sinister label for this useful financing prompt harmful regulations.

TONY JAMES

March 3, 2014 6:54 p.m. ET

The term “shadow banking” is one of those Orwellian terms that can undermine critical thought. It has a negative, vaguely sinister connotation about a source of financing that is an essential and desirable part of the financial system. As discussion about the regulation of nonbank entities begins in earnest, it’s time to clear the air about what these institutions are and how they operate. Read more of this post

3D Print Multiples in Another Dimension

3D Print Multiples in Another Dimension

DAN GALLAGHER

March 3, 2014 4:00 p.m. ET

At first glance, it looks like investors’ enthusiasm for 3-D printing, so strong last year, has worn off.

But the valuations of two of the largest publicly traded companies in the sector by revenue,Stratasys SSYS -2.47% and 3D SystemsDDD -1.45% tell another story. Read more of this post

Risks to Bone Health in Treating Chronic Disease in Younger Patients; Secondary osteoporosis is a risk with celiac disease, cancer, reflux medicines and after bariatric surgery

Risks to Bone Health in Treating Chronic Disease in Younger Patients

Secondary osteoporosis is a risk with celiac disease, cancer, reflux medicines and after bariatric surgery

LAURA LANDRO

March 3, 2014 7:16 p.m. ET

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Osteoporosis, a loss of bone strength that raises the risk of fractures, is one of the most common and crippling ailments associated with aging in women. Increasingly, it is striking younger patients who have a host of other medical problems. Read more of this post

Longest, Darkest Winters Spark Odd Mood Boosters; Nordic Tricks to Fight Winter Blues: Special Headsets, Hilltop Mirrors

Longest, Darkest Winters Spark Odd Mood Boosters

Nordic Tricks to Fight Winter Blues: Special Headsets, Hilltop Mirrors

JUHANA ROSSI

March 3, 2014 6:56 p.m. ET

Helsinki

Winter in Finland can be stubbornly long—and dark.

It is the type of weather than can make a person feel mentally sluggish and just plain blue. It can lead to the more serious seasonal affective disorder (SAD). It has spawned businesses across Scandinavia and Iceland to offer relief including some odder-sounding efforts. Read more of this post

Through China’s Smog, Darkly; Beijing talks pollution control but not the political reform required

Through China’s Smog, Darkly

Beijing talks pollution control but not the political reform required.

Updated March 3, 2014 6:26 p.m. ET

Chinese supremo Xi Jinping last week strolled through a popular Beijing neighborhood during the latest “airpocalypse,” as filthy grayish-yellow haze smothered the city’s streets. The Chinese leader mingled with locals, posed for cameras and conspicuously wore no face mask to hide from the smog. The message, per state-run Xinhua’s headline: “Breathing together, sharing the fate.” Read more of this post

Video: Decoding the Indian Head Wobble

https://www.youtube.com/watch?v=Uj56IPJOqWE

Mar 3, 2014

Video: Decoding the Indian Head Wobble

PREETIKA RANA

The idiosyncratic Indian head wobble — side-to-side like a pendulum — often confuses and amuses visitors to the country who ask if the signal indicates “yes,” “no,” or “not quite sure.” Now, a video claiming to decode what it means has gone viral on YouTube with over a million views in recent days. Read more of this post

‘Deep value’ vs. ‘high quality’: Berkshire numbers rekindle debate

‘Deep value’ vs. ‘high quality’: Berkshire numbers rekindle debate 

R.B. MATTHEWS

Special to The Globe and Mail

Published Monday, Mar. 03 2014, 7:40 PM EST

Last updated Monday, Mar. 03 2014, 7:45 PM EST

R.B. (Biff) Matthews is chairman of Longview Asset Management Ltd.

Warren Buffett’s recent annual letter to shareholders reveals that, over the past five years, the increase in Berkshire Hathaway Inc.’s book value was less than the investment return provided by the S&P 500 index. This has rekindled a long-standing debate between two schools of value investors. Read more of this post

After vacating Bangkok’s streets, Thai protesters look to courts

After vacating Bangkok’s streets, Thai protesters look to courts

Monday, March 3, 2014 – 18:36

Reuters

BANGKOK – Anti-government protesters in Thailand have retreated to a central Bangkok park, freeing up traffic after blocking big intersections for more than a month, but Thailand’s four-month political crisis looks no closer to a solution. Read more of this post

Berkshire prefers buying big businesses: Buffett on CNBC

Berkshire prefers buying big businesses: Buffett on CNBC

3:17pm EST

(Reuters) – Conglomerate Berkshire Hathaway (BRKa.N:QuoteProfileResearchStock Buzz) would rather keep buying big businesses than simply adding to stock holdings, company head and legendary investor Warren Buffett said on Monday. Read more of this post

Warren Buffett Defends Business Wire On HFT Issue

Warren Buffett Defends Business Wire On HFT Issue

by Mark MelinMarch 03, 2014, 1:50 pm

Buffett points out select HFT firms received information at the same time as major newswires, yet the real issue could be how they limited the secretive offering to only a handful of firms Read more of this post

Some of Australia’s biggest resource companies could lose a major investor if Norway goes through with a plan to ban its famous sovereign wealth fund from investing in coal, oil and gas

Norwegian wealth fund may ditch Australian resource firms

March 4, 2014

Peter Ker

Some of Australia’s biggest resource companies could lose a major investor if Norway goes through with a plan to ban its famous sovereign wealth fund from investing in coal, oil and gas. Read more of this post

Nelson Mandela: lessons from a master negotiator

Nelson Mandela: lessons from a master negotiator

Published 02 March 2014 18:08, Updated 03 March 2014 10:32

Harvard Business Review

Mandela had a noteworthy ability to negotiate calmly with his enemies at the same time that he was absorbed in a passionate, all-consuming struggle against them. Photo: AFP Read more of this post

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