Looking for Ways to Keep Money From Dividing a Family

Looking for Ways to Keep Money From Dividing a Family
MARCH 21, 2014
Business leaders talk after a symposium called “Successful Multigenerational Families” in New York. The event drew dozens of wealthy people focused on handling their money in a way that would not divide their families. Read more of this post

Don’t Worry, Get Botox; If you can’t frown, it may be harder to be depressed

Don’t Worry, Get Botox
MARCH 21, 2014

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A Pension Fund Invests Against the Rules, and Wins; While some call its strategy crazy, the Tampa firefighters and police officers pension fund has benefited from ignoring widely embraced investment doctrine

A Pension Fund Invests Against the Rules, and Wins
MARCH 21, 2014

For decades, Harold J. Bowen III has managed the Tampa firefighters and police officers pension fund to all but unheard-of returns. CreditTami Chappell for The New York Times
By JAMES B. STEWART

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Are the trustees of the Tampa firefighters and police officers pension fund out of their minds?
“Quite a few people tell me we’re crazy,” Richard Griner, a 41-year-old Tampa police detective and vice chairman of the pension fund’s board, told me this week. “I go to quite a few investment conferences. They just can’t believe that we do this the way we do. But then I tell them the numbers, and they tend to shut up.” Read more of this post

What The Greatest Self-Help Books Of The Last Decades Can Teach You In 7 Minutes

Kathy Caprino, Contributor
3/21/2014 @ 11:22AM |9,187 views
What The Greatest Self-Help Books Of The Last Decades Can Teach You In 7 Minutes
As a writer, I’m fortunate to connect with authors and experts all over the globe who have vitally important messages to share. While each of these experts sees the world in his or her own very unique way, and shares a special filter or perspective on life, progress and success, when you peel the onion on these messages, there are many recurring themes and threads. Read more of this post

How To Get More Done: Time Management For The Rest Of Us

Paul B. Brown, Contributor
3/22/2014 @ 5:29AM |419 views
How To Get More Done: Time Management For The Rest Of Us
It’s inevitable.
You work starts to pile up, your “to do” list gets longer, and you reach the point where you are putting in all the hours you possibly can. As a result, you start groping around for any and all ideas that could ease your workload. Read more of this post

Art & Architecture: The Treasures of Marwariland; The Marwaris trace their descent to a small pocket of Rajasthan, a state with an opulent tradition of art and architecture

Art & Architecture: The Treasures of Marwariland
by Kishore Singh | Mar 22, 2014

The Marwaris trace their descent to a small pocket of Rajasthan, a state with an opulent tradition of art and architecture
The Marwaris have little to do with Marwar (or Jodhpur, as most people know the capital) in spite of the moniker they bear with such pride; they were originally from the Shekhawati region: Small towns in a triangle that lay between Delhi, Jaipur and Bikaner. (Ironically, there they weren’t known as Shekhawats, that nomenclature being claimed by the Rajputs.) They flourished as businessmen with an acute sense of enterprise, making money from the satta markets and stock exchanges of cities and countries far from their own.

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Adios, 3-to-5 day money transfers; Ripple Labs is building a fast, global money transfer and exchange infrastructure — and taking a few pages from the book of bitcoin

Adios, 3-to-5 day money transfers
March 21, 2014: 3:10 PM ET
Ripple Labs is building a fast, global money transfer and exchange infrastructure — and taking a few pages from the book of bitcoin.
By David Z. Morris
FORTUNE — On March 18th, the National Automated Clearing House Association declared that it was leading the way towards same-day transaction settlements through the ACH system, which is used in the majority of U.S. interbank transfers, credit card payments, and a growing percentage of bill payments. Anyone who has ever conducted a transfer through an institution using ACH will welcome the initiative – most ACH transfers still take 3-5 days, not including weekends, even between major U.S. banks. Read more of this post

The Best Enterprise Software Companies And CEOs To Work For In 2014

Louis Columbus, Contributor
3/18/2014 @ 9:34PM |16,404 views
The Best Enterprise Software Companies And CEOs To Work For In 2014
Every year Price Waterhouse Coopers (PWC) publishes their annual list of theGlobal 100 software leaders. The study’s home page provides key take-awaysand a link to the full study, which you can download for free here. PWC strives to create a fair and impartial index of the world’s most successful software companies, and it’s an excellent read. Read more of this post

Nudge Theory: Behavioural economics is a hot idea for policy makers in the UK and US. But what can it really achieve?

March 21, 2014 1:07 pm
Behavioural economics and public policy
By Tim Harford
The past decade has been a triumph for behavioural economics, the fashionable cross-breed of psychology and economics. First there was the award in 2002 of the Nobel Memorial Prize in economics to a psychologist, Daniel Kahneman – the man who did as much as anything to create the field of behavioural economics. Bestselling books were launched, most notably by Kahneman himself (Thinking, Fast and Slow , 2011) and by his friend Richard Thaler, co-author of Nudge (2008). Behavioural economics seems far sexier than the ordinary sort, too: when last year’s Nobel was shared three ways, it was the behavioural economist Robert Shiller who grabbed all the headlines. Read more of this post

Nudge Theory: Behavioural economics is a hot idea for policy makers in the UK and US. But what can it really achieve?

March 21, 2014 1:07 pm
Behavioural economics and public policy
By Tim Harford
The past decade has been a triumph for behavioural economics, the fashionable cross-breed of psychology and economics. First there was the award in 2002 of the Nobel Memorial Prize in economics to a psychologist, Daniel Kahneman – the man who did as much as anything to create the field of behavioural economics. Bestselling books were launched, most notably by Kahneman himself (Thinking, Fast and Slow , 2011) and by his friend Richard Thaler, co-author of Nudge (2008). Behavioural economics seems far sexier than the ordinary sort, too: when last year’s Nobel was shared three ways, it was the behavioural economist Robert Shiller who grabbed all the headlines. Read more of this post

Games makers dare to dream of a virtual reality future

Last updated: March 21, 2014 7:58 pm
Games makers dare to dream of a virtual reality future
By Tim Bradshaw in San Francisco
For the past 20 years, virtual reality has been just that: a technological dream that failed to break through into the real world. The previous time an established leader in the video-games industry tried to bring VR to life, Nintendo – riding high on the success of its Game Boy – launched the Virtual Boy in 1995. The clunky red headset was barely on the shelves for a year before the Japanese group abandoned the project, amid complaints of headaches from its monochrome screen. Read more of this post

Brave new world of electronic bond markets; Single-dealer bond trading venues are falling out of favour

March 21, 2014 1:04 pm
Brave new world of electronic bond markets
By Michael Chuang
Single-dealer bond trading venues are falling out of favour
As bond markets continue the march towards greater electronic execution, there are increasing signs that bond trading venues owned by single dealers will not have much of a role in the new world. Read more of this post

China bears face investment challenge; Hurdles make it difficult to place bets on corporate downturn

March 21, 2014 6:31 am
China bears face investment challenge
By Josh Noble in Hong Kong, Ralph Atkins and Delphine Strauss in London
Like their furry namesakes, China bears often go into hibernation – whether due to improving economic data, government stimulus measures, a rising currency, or bulging foreign exchange reserves.
But as spring arrives, the bears are back out in force. China has recently witnessed its first bond default of modern times, its biggest currency sell-off in years, a fresh slide in its equity markets, and multiple downgrades to growth forecasts. Investors have rarely been so universally negative on the world’s second-largest economy.

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Tomorrow’s internet, controlled by the powerful; An organisation that is being regulated by everybody might as well be regulated by nobody

March 21, 2014 6:39 pm
Tomorrow’s internet, controlled by the powerful
By Christopher Caldwell
An organisation that is being regulated by everybody might as well be regulated by nobody
The US commerce department announced a week ago that it was ready to relinquish the last part of the internet that the government formally controls: the business of assigning online names and addresses. To those troubled by the extensive National Security Agency programmes Edward Snowden revealed last year, that may sound like good news. Most people would sooner have the world’s internet users regulate the system by consensus than hand over control to the government. Alas, that is not the choice on offer. Read more of this post

Social Media: Not the First to Own Kids’ Minds; Alison Gopnik on a much older technology that Socrates complained about

The Kid Who Wouldn’t Let Go Of ‘The Device’
March 21, 2014 7:03 p.m. ET
How does technology reshape our children’s minds and brains? Here is a disturbing story from the near future.
They gave her The Device when she was only 2. It worked through a powerful and sophisticated optic nerve brain-mind interface, injecting its content into her cortex. By the time she was 5, she had been utterly swept away into the alternate universe that The Device created. Read more of this post

Using a Foreign Tongue Can Clear Your Mind; Considering and discussing an emotionally freighted problem in a foreign tongue may help you make a more rational choice, research shows

Foreign Tongue, Clearer Mind
DANIEL AKST
March 21, 2014 7:27 p.m. ET

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Facing an emotionally freighted decision? If you speak a second language, you’re in luck. Considering and discussing the problem in a foreign tongue may help you decide more rationally.
In a new paper, scientists in Barcelona and Jerusalem report on a series of experiments in which bilingual volunteers made more rational decisions when using their second language. Participants in each experiment were split into two groups: One was given problems in their native language, and the other was presented with the same problems in their second language. Read more of this post

The Drone That Shot Down the Feds: How a 29-year-old Austrian buzzed the Statue of Liberty, built a business, and beat U.S. regulators in court

The Drone That Shot Down the Feds
How a 29-year-old Austrian buzzed the Statue of Liberty, built a business, and beat U.S. regulators in court.
DAVID FEITH
March 21, 2014 7:19 p.m. ET
Hong Kong
Jeff Bezos at Amazon hasn’t done it. Nor has Fred Smith at FedEx FDX +0.21% or Scott Davis at UPS. No American CEO has persuaded Washington to relax its chokehold on commercial drone use in the United States. But this month a 29-year-old Austrian entrepreneur living here in Asia broke Washington’s drone monopoly, winning a court case that may clear the way for drones to deliver packages to your doorstep. Read more of this post

The Problem With Selling Plain Vanilla in Our Information-Rich Digital Economy

March 21, 2014, 1:12 PM ET
The Problem With Selling Plain Vanilla in Our Information-Rich Digital Economy
IRVING WLADAWSKY-BERGER
I recently read an intriguing column, The End of Mass Production, by technology author and columnist Kevin Maney. I first met Mr. Maney several years ago when he was at USA Today, and have always enjoyed his columns and books. Read more of this post

Currency Risks Could Grow in Emerging Markets

March 20, 2014, 5:24 PM ET
Currency Risks Could Grow in Emerging Markets
EMILY CHASAN
Corporations could be entering a new phase of currency volatility. Emerging-market currencies in countries such as Argentina, India and China could have a bigger impact on earnings in the coming years.
“In the very long term there’s a good reason to invest in emerging markets, however in the next few years I think we’ll see a lot of volatility,” said Bilal Hafeez, Deutsche Bank AG’s global head of foreign exchange strategy. Read more of this post

NetApp CFO: The Finance Chief’s Role Is Growing

March 21, 2014, 5:43 AM ET
NetApp CFO: The Finance Chief’s Role Is Growing
In so many industries, chief financial officers have to think more about technology, data and security. Nick Noviello is the chief financial officer of NetApp Inc., a provider of storage and data management solutions based in Sunnyvale, Calif. He spoke with CFO Journal Editor Noelle Knox about the decisions many CFOs are facing. Read more of this post

The World’s Riskiest Stock Market? Russia’s Stock Market Is Now Among the World’s Cheapest. It Could Also Be a Screaming Risk

The World’s Riskiest Stock Market?
Russia’s Stock Market Is Now Among the World’s Cheapest. It Could Also Be a Screaming Risk.
JOE LIGHT
March 21, 2014 3:04 p.m. ET
Rarely does a nation’s stock market get this cheap. But investors who want a taste better have a strong stomach.
Russia’s RTS Index is down 21% this year on fears that an escalating crisis in Ukraine could lead to damaging sanctions from Western countries or armed conflict. Read more of this post

The Power of ‘Thick’ Data: Businesses need to know how a product or service fits into the emotional lives of their customers

The Power of ‘Thick’ Data
Businesses need to know how a product or service fits into the emotional lives of their customers
CHRISTIAN MADSBJERG and MIKKEL B. RASMUSSEN
March 21, 2014 7:15 p.m. ET

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Lego analyzed data and arrived at a moment of clarity: They needed to “go back to the brick.”
At its core, all business is about making bets on human behavior. Which product is most likely to sell, what employee is most likely to succeed, what price is a customer willing to pay? Companies that excel at making these bets tend to thrive in the marketplace.
So it’s no wonder that the latest fad in the business world is Big Data—massive data sets sifted by powerful analytical tools. Big Data can be an extraordinary tool, helping to gather new information about our behavior and preferences. What it can’t explain is why we do what we do. Read more of this post

The Secret Behind Pop Hits: Swedish Songwriters; Group of Lyricists, After Writing Hits for Others, Seek to Create Their Own Star

The Secret Behind Pop Hits: Swedish Songwriters
Group of Lyricists, After Writing Hits for Others, Seek to Create Their Own Star
HANNAH KARP
Updated March 21, 2014 9:34 p.m. ET
Over the past two decades, Swedish songwriters have had an outsize role in creating hits for American pop singers, from ‘N Sync’s 1998 hit “Tearin’ Up My Heart,” co-written by Kristian Lundin, to Kelly Clarkson’s 2002 smash “A Moment Like This,” penned by Jörgen Elofsson. Read more of this post

Why Cash Is King Again; Worried About Data Breaches? There’s a Simpler Solution Than Turning to Bitcoin. Sally Beauty became the latest company to admit that hackers had broken into its computer systems.

Why Cash Is King Again
Worried About Data Breaches? There’s a Simpler Solution Than Turning to Bitcoin.
BRETT ARENDS
March 21, 2014 3:49 p.m. ET
Paper or plastic?
Until recently the idea of using actual cash when you went shopping, instead of a credit or debit card, seemed to be becoming hopelessly old-fashioned. My local coffee shop has installed a new gadget on the counter so people can buy a coffee with their smartphones. Read more of this post

It’s Funny How Humor Works; As Groucho knew, it’s a form of mental exercise that expands our flexibility and stamina

It’s Funny How Humor Works
As Groucho knew, it’s a form of mental exercise that expands our flexibility and stamina
SCOTT WEEMS
March 21, 2014 7:09 p.m. ET
“I just shot an elephant in my pajamas,” goes the old Groucho Marx joke. “How he got in my pajamas I don’t know.”
You’ve probably heard that one before, or something similar. For example, while viewing polling data for the 2008 presidential election on Comedy Central, Stephen Colbertdeadpanned, “If I’m reading this graph correctly…I’d be very surprised.” Read more of this post

Creativity vs. Quants: To be original, you need messiness and magic, serendipity and insanity

Creativity vs. Quants
MARCH 21, 2014
Timothy Egan
Here’s how John Lennon wrote “Nowhere Man,” as he recalled it in an interview that ran just before he was murdered in 1980: After working five hours trying to craft a song, he had nothing to show for it. “Then, ‘Nowhere Man’ came, words and music, the whole damn thing as I lay down.” Read more of this post

Astra Isn’t Immune to Competition; Company’s Revival Rests on Flimsy Foundations

Astra Isn’t Immune to Competition
Company’s Revival Rests on Flimsy Foundations
HELEN THOMAS
March 21, 2014 1:21 p.m. ET
AstraZeneca, AZN.LN -0.33% laggard of the pharmaceutical sector, has put on a burst of speed.
The U.K. drug maker, trading at nearly 16 times forecast 2015 earnings, is now among the highest-valued of the large European pharma companies, closing in on Swiss rival Roche.RHHBY +0.92% That is quite a turnaround: Six months ago, Astra traded at a 20% discount to U.S. and European peers; a year ago, it trailed by 30%. Read more of this post

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