andrewgts

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The Best Trade Chip Every Team Has to Dangle Before the 2015 NBA Draft

Link to Media<p>If you work at the NSA and have proper clearance to comb through the country's phone records, you may have noticed a spike in calls between numbers belonging to NBA front offices over the past week or so.<p>This is no mere coincidence. The annual draft lottery, held on May 19, established …

NBA

Game of Thrones, NBA Edition (Game of Zones, Episode 3)

Link to Media<p>Game of Zones returns for the 2015 season.<p>The third episode of the <i>Game of Thrones</i> spoof features the return of LeBron James, Stephen Curry of House Golden State and more.<p>If you missed them, check out Episodes 1 and 2 below:

Basketball

How LeBron James spends his money

LeBron James is one of the NBA's most feared competitors. Here's how he spends that hard-earned salary.<p><i>Produced by Devan Joseph. Special thanks to Tony Manfred.</i><p><b>Follow BI Video:</b>On Facebook

EXPLAINER: Everything You Need To Know About Google's Weird Stock Split

But as the company explained in a letter from its founders, it's not a dividend. It's "effectively a stock split."<p>Well, actually, it's not really a stock split either.<p>It's a new kind of stock, and current investors will get one share of this new kind of stock for every share of existing Google …

How to Wrap Your Extension Cord Like a Contractor and Eliminate Knots | The Art of Manliness

Do your extension cords look like this when you’re unraveling them, no matter how nicely they were wrapped up?<p>Today I’m going to show you a tip that …

S&P 500 hits all-time record—despite Apple

Finally.<p>The S&P 500 has jumped its all-time nominal closing peak this morning, scrambling over the previous high-water close of 1565.15, set back on Oct. 9, 2007 (though of course, we don’t know whether it will close above the high, making it official). Yeah, yeah. We’re still short of the all-time …

Stock Markets

Risk Is Back: America's Big Banks Are Knee-Deep In Derivatives

<i>The following is a guest post by George Schultze, founder of Schultze Asset Management LLC, an alternative investments firm founded in 1998 that manages approximately $230 million in assets and specializes in distressed securities.</i><p>I’ve been following the derivatives markets for almost two decades – …

Robert Griffin III: Goal is Week 1

Robert Griffin III said in a statement released to ESPN on Tuesday that his goal is to return in Week 1, but only if he's healthy.<p>"My knee is getting …

Football (U.S.)

Cyprus Banks Closed Until Thursday

Cyprus: Europe Rolls the Dice on its Banks

The Cyprus bailout deal represents a complete change in Europe’s strategy toward banks from the approach used with Ireland. (See my op-ed on the topic in the Irish Times) The precedents the EU is setting are of profound import.<p>A couple of years ago, when Ireland was being shut out of the sovereign …

Where Will Goldman Sachs Rank Among Buffett's Biggest Holdings?

Tuesday morning, Warren Buffett and Goldman Sachs Group amended their agreement on warrants held by the former, which will give the billionaire a larger equity stake in the bank come October.<p>Buffett’s September 2008 investment, hot on the heels of the collapse of Lehman Brothers, gave Berkshire …

How a glut of 11 million tonnes of rice could save us from another global food crisis

Better harvests this year and growing stockpiles of grains could bring down global food costs, which are dangerously close to levels that have caused global food price crises in the past. World food prices are not far below what they were in 2008, when the inability to buy basic foodstuffs spurred …

Agriculture

With creation of bank, emerging economies look to challenge Western dominance

With just a couple of small gestures at their annual summit, the world's biggest emerging economies have made the West seem a little less indispensable.<p>On the summit's first day, the BRICS bloc of nations has approved a new development bank to compete with Western-dominated institutions such as the …