Mani Sam

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Investment Manager Explains Why 99.5% Of Americans Can Never Win

<i>Beyond the charts and warnings from economists and investors, perhaps the most disturbing commentary on income inequality in America was written by an investment manager in 2011.</i><p><i>"In my view, the American dream of striking it rich is merely a well-marketed fantasy that keeps the bottom 99.5% hoping</i> …

Microsoft Releases Code, Help To Fix Surface RT Tablets Borked By Windows RT 8.1 Upgrade

The Windows RT 8.1 upgrade is on hiatus until Microsoft can fix an issue with the software that was causing havoc for a slim percentage of Surface RT …

Spiders force Toyota to recall 800,000 vehicles

Toyota has announced a voluntary recall of some 803,000 cars due to airbags inadvertently deploying — and the blame appears to be spiders inside the …

IMF eyes tax potential of the world's super-rich

It was impossible to find anybody at last week's meeting of the International Monetary Fund willing to believe that the US will actually default on its debts. The universal belief was that the game of chicken would end before Thursday's deadline for raising the debt ceiling, if perhaps only at the …

Brilliant Quotes

This is the world’s finest quotes collection! Wisdom spread through quotations all over the world and collected in a single place!<p>From …

How Shareholders Are Ruining American Business

They helped cause the crash in 2008, and they're holding the economy back now.<p>One could attach many adjectives to the giant banks that tumbled down during the financial crisis of 2007 and 2008: <i>reckless</i>, <i>greedy</i>, <i>hubristic</i>, <i>stupid</i>. Here’s one that may come less readily to mind: <i>shareholder-friendly</i>. But …

The Awful Truth About Brazil's Protests: The 'Country Of The Future' Is Still Hostage To Its Past

Just two years ago, as a guest in the Brazilian political talk-show Roda Viva, Eike Batista called Bill Gates “monothematic.” According to the man who lost the biggest amount of money in the world last year, the founder of Microsoft erroneously dedicated too much of his time to the founding of the …

From The Annals Of Bad Economic Research: Dropping The Inconvenient Data About US Inequality

Via Naked Capitalism we find this extremely interesting paper on inequality in the USA. And it is an interesting paper even though I would rather disagree with some of the explanations of events. For whatever that might be worth.<p>However, there’s what I regard as a glaring error right at the start …

Stimulating growth threatens stability, central banks warn

Central banks have done as much as they safely can to rebuild the world economy, and the onus is now on politicians to create the conditions for a …

Amazon is staffing up for its $600 million cloud for spooks

You can now add “spymaster” to Amazon CEO Jeff Bezos’s various titles. On Friday June 14, a US Government Accountability Office (GAO) report elaborated on previous reports that Amazon had won a $600 million contract to build a “private cloud” for the CIA. (The GAO report was generated when IBM, …

DENA and Charli XCX, shot by Louie Banks for IDOL Magazine http://idolmag.co.uk/music-interview/charli-xcx-vs-dena