Patrick Tan

14 Flips | 2 Magazines | 6 Likes | 1 Follower | @PatrickTan2nnu | Keep up with Patrick Tan on Flipboard, a place to see the stories, photos, and updates that matter to you. Flipboard creates a personalized magazine full of everything, from world news to life’s great moments. Download Flipboard for free and search for “Patrick Tan”

We're on the verge of a crisis, bears warn

Wall Street's bears are back in vogue.<p>After nearly six years of a surging U.S. stock market, investors are worried about how much longer it will last. Suddenly, the views of the negative Nancys are getting a lot of attention.<p>The bears build their case that a crisis is near on four factors: falling …

Stock Markets

Dow plunges 331 points as oil falls below $50

It's quite the sobering Monday on Wall Street as many traders and investors return from their holiday hiatus.<p>The Dow plunged 331 points, and stock markets around the world fell sharply.<p>What's going on? The main culprits of market jitters these days are falling oil prices and the souring global …

Stock Markets

India Is Going To Build The Largest Solar Power Plant In The World

India's "ultra mega solar power plants" are part of a 25 GW plant to make the country a solar powerhouse.<p>For some perspective, that's enough solar energy to power the equivalent of 4.1 million U.S. homes, and about half of the solar expected to be installed in all of 2014, so the opportunity for …

Defiant Vladimir Putin digs in for two-year slump, dismisses talk of palace coup

'There’s a risk sanctions will destabilise Russia too much. The objective was never to collapse the Russian economy,' says Denmark's foreign minister<p>Russian president Vladimir Putin has lashed out at the Western powers for imposing a new “Berlin Wall” across Europe and warned the Russian people to …

Russia

SurveyMonkey's $250 Million Round And The Many Lessons Of This Extraordinary Company

SurveyMonkey, the leader in (you guessed it if you didn’t already knew it) online surveys, raised $250 million in a funding round led by a bunch of private equity and finance titans, Bloomberg reports. SurveyMonkey is, by all accounts, quite profitable and doing very well.<p>I’ve been fascinated by …

Food Prices Surge As Panicked Russians Empty Their Bank Machines Of Cash

Inflation is rampant in Russia, and the collapsing value of the ruble has triggered panic-buying and food-hoarding among ordinary Russians.<p>Food prices in Russia will have shot up by 25% over 2014 as Russians' confidence in their country's future starts to evaporate, according to the Association of …

Even Warren Buffett got hurt by oil prices

Is Buffett ready to move on from his biggest "mistake" stock?<p>Berkshire Hathaway (BRKA) CEO Warren Buffett has established himself as one of the greatest investors and capitalists of our time. His every move and word is noted and analyzed, and for good reason: People can learn a lot about successful …

How Successful People Quash Stress

We all know that living under stressful conditions has serious physical and emotional consequences. So why do we have so much trouble taking action to reduce our stress levels and improve our lives? Researchers at Yale University have the answer. They found that intense stress actually reduces the …

Chickens are closely related to dinosaurs, and other insights from the new bird family tree

Using statistical techniques to handle genetic data, scientists are learning new things about our fine feathered friends<p>Flamingos and doves are more closely related than they look, a new genetic analysis of birds shows. That's not all: chickens are close relations of dinosaurs, and genetic patterns …

2,500-year-old Egyptian mummy removed from coffin

Conservation efforts begin on body of 14-year-old Minirdis, found in 19th century at Nile burial site and brought to the Chicago Field Museum in the 1920s<p>A mummy left its coffin for the first time in 2,300 years this week after several tense moments as scientists lifted the wooden lid.<p>The body, …

Australian banks need more capital to avert crises, Murray report says

<b>Australian banks need to hold more capital to be able to survive future financial crises, says a new report.</b><p>There should also be minimum education standards for financial advisers, it said.<p>The report, released on Sunday, also recommended superannuation (pension fund) fees be reduced.<p>Bank …

Major economies making all the wrong moves

The New Economics Of Oil: Sheikhs Vs. Shale

The official charter of OPEC states that the group's goal is "the stabilisation of prices in international oil markets". It has not been doing a very good job. In June the price of a barrel of oil, then almost $115, began to slide; it now stands close to $70.<p>This near-40% plunge is thanks partly to …