David Peterson invents languages for sci-fi and fantasy dramas such as ‘Game of Thrones’; linguistic construction should be taught at school

March 6, 2014 4:30 pm

Seven words for sword thrust

By Emma Jacobs

When he was a student in linguistics and English at the University of California, Berkeley, David Peterson worked on a secret language for two months. It was called “Megdevi”. This was an amalgam of both his own name and Megan, his girlfriend at the time. Once satisfied with his new words and grammar rules, he presented it to her. It was his grand romantic gesture: a private language they could use to communicate only with each other. Read more of this post

Financial engineers feast on Premier Foods; In 2004 Premier was valued at nearly £1.5bn. Last year Premier flirted with disaster. now a confection of massive rights issue, share placing, high-yield bond and £300m credit facility

March 7, 2014 8:06 am

Financial engineers feast on Premier Foods

By Neil Collins

Bankers and brokers collect fat fees for reconstruction package

If anyone doubted there is more money to be earned shovelling capital about than actually making things, then the saga of Premier Foods should disabuse them. True, there is a happy ending, of sorts, for the shareholders, but the real happiness is shared among the bankers and brokers who charged for putting the business together and are now collecting saturated fat fees for rescuing it. Read more of this post

Social mobility: a family affair; ‘We are all creatures of our social environment. Wealth generally begets more wealth’

March 7, 2014 12:05 pm

Social mobility: a family affair

By Gillian Tett

‘We are all creatures of our social environment. Wealth generally begets more wealth’

When I was a child growing up in England three decades ago, I was confronted with the visual evidence of social mobility every day – but of the downward, not upward, type. Read more of this post

Beware the false reassurance of corporate probes; Directors do not like to embarrass themselves by exposing serious problems, writes Carson Block

March 6, 2014 6:20 pm

Beware the false reassurance of corporate probes

By Carson Block

Directors do not like to embarrass themselves by exposing serious problems, writes Carson Block

When it comes to defending themselves against accusations of wrongdoing, management teams and their complacent boards follow a well-worn routine. Their immediate reaction is to issue a blanket denial and announce that an independent committee of directors will investigate the accusations. The committee duly appoints an independent law firm to oversee the investigation, and the consulting arm of a Big Four accountancy to pore over the books. Read more of this post

Once, all you needed to succeed in the music business were a pair of golden ears and some hustle. Now, it also takes mountains of data.

The Sweet, Streaming Sound of Data

By BEN SISARIOMARCH 6, 2014

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Daniel Ek, chief of the music streaming service Spotify, which has bought a company that analyzes music consumption patterns

Once, all you needed to succeed in the music business were a pair of golden ears and some hustle. Now, it also takes mountains of data. Read more of this post

Alibaba’s internet fund product Yu’ebao hits setback as three major banks refuse transactions

Yu’ebao hits setback as three major banks refuse transactions

Xinhua and Staff Reporter

2014-03-07

Yu’ebao, China’s most popular internet fund product, is in hot water as three state-owned banks have reportedly halted interbank deposit business with the fund manager Tianhong, a division of Alipay. Read more of this post

Alibaba said to have bought 20% stake in Wasu Media for US$1bn

Alibaba said to have bought 20% stake in Wasu Media for US$1bn

Staff Reporter

2014-03-07

Chinese e-commerce giant Alibaba Group has reportedly acquired a 20% stake in Wasu Media Holding Co worth about US$1 billion, the Guangzhou-based 21st Century Business Herald reports, citing market speculation after Wasu issued a statement on Tuesday to suspend trading. Read more of this post

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