Nelly Poon

79 Flips | 2 Magazines | 6 Following | @nellypoon | Keep up with Nelly Poon 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 “Nelly Poon”

Banks’ New Competitors: Starbucks, Google, and Alibaba

It took computer company Apple only five years to become America’s largest music retailer, and just seven to become the world’s largest. In 18 short months, search engine Google erased 85 percent of the market cap of the top GPS companies after launching its mobile maps app. Alibaba, China’s …

Herbalife is now Ackman’s biggest loser

Hedge-fund manager Bill Ackman’s high-profile bet against nutritional-supplement maker Herbalife Ltd. is the top loser in the 10-year history of his …

How Do You Win The Mobile Wallet War? Be Like Starbucks.

Your money is going mobile. Everyone, from Apple, Amazon, Google, eBay, Square not to mention Visa and MasterCard wants a piece. And for good reason–as I wrote previously– research firm Gartner estimates that mobile payments will top $720 billion a year by 2017, up from $235 billion last year. The …

Paul Krugman won’t save us: We need a new conversation about inequality

Democrats are scared of class. But issues like inequality are why liberals exist, and talk can’t be left to elites<p>When President Obama declared in December that gross inequality is the “defining challenge of our time,” he was right, and resoundingly so. As is his habit, however, he quickly backed …

Google Energy? Amazon Power?

The energy business is unstable. Investors and consumers are unhappy. Returns are too low and slow to arrive. Prices seem too high, especially in …

Not just Herbalife, but an entire industry selling to itself

2014-02-24T12:33:06.000Z<p>By: Dan McCrum<p>The Journal of Historical Research in Marketing, Volume 6, Issue 4 will not hit the shelves of your lending …

You Can Explain eBay's $50 Billion Turnaround With Just This One Crazy Story

Between 2005 and 2007, its stock price was cut in half and its market cap shrank by $30 billion.<p>In October 2007, eBay admitted that Skype, a company it had acquired for $2.5 billion two years earlier, was actually worth less than half of that.<p>During the third quarter of 2007, eBay lost money for …

Organic food preferences reveal young Americans’ secret love of Wal-Mart

Whole Foods has been described as the “luxury brand of millennials,” and the description appears apt. According to Piper Jaffray’s quarterly survey of 500 consumers released this morning, Whole Foods, a chain of high-end supermarkets, is the place where Americans aged between 18 and 30 prefer to …

Lastminute.com Seeks ‘Spontaneity Champion’ To Travel The World For Free

Ever dreamt of leaving your boring desk job to travel the world? Do you lack the funds to do so? Not to worry, so-called “dream jobs” are sprouting …

Hangover Drug Mimics Feeling Of Being Drunk, Could ‘Revolutionize’ Alcohol Industry ‘Just Like The E-Cigarette’ Did For Smoking

Ask 10 people what they believe the best hangover cure is, and you’re likely to get 10 answers. Scarfing down some greasy fast food is a popular …

1 In 4 Chinese Students Drop Out Of Ivy Universities And Return Home For Jobs

Chinese students have been heading abroad to pursue higher education for a long time. In hopes of better educations and job prospects, young Chinese …

These charts show why the Fed must keep creating new money out of thin air

In the Full Employment and Balanced Growth Act of 1978, the US Congress gave the Federal Reserve two jobs, a dual mandate. The mighty central bank is supposed to 1) maximize employment and 2) keep prices stable. (Price stability essentially has come to mean ensuring a stable but relatively low …

The dark future for American workers is still flipping burgers, not freelancing

It’s easy to fear the specter of an economy where millions of people end up with low-paid freelance gigs through TaskRabbit or oDesk, rather than finding full-time work. After all, Silicon Valley’s arrogance never ends.<p>But even that vision puts a gloss on the real problems with slowly recovering US …

A Cheaper Way to Do IPOs

Initial public offerings are an expensive exit route for company owners. Underwriters in the U.S. typically charge 5% to 7% of proceeds. Underpricing of shares takes another 10% to 15%, on average; total costs of $100 million aren’t unusual for large deals. It’s not surprising that many owners …

How does self-employment affect a mortgage application?

<b>Q</b> I am an electrician working full time as an employee of a local firm, so I pay tax under PAYE. However, I am thinking about branching out and working on a self-employed basis at the weekends to make some extra money. I know that if I go fully self-employed I wouldn't be able to get a mortgage …

Soylent: An Offbeat Food Idea Investors Are Taking Seriously

Back in April, we described Rob Rhinehart's experiment concocting something that could give him all the nutrition and none of the hassle of food.<p>Rhinehart, you see, is a 25-year-old electrical engineer in San Francisco who'd grown exceedingly frustrated with the time and effort of purchasing, …

When 'Fixed Income' Means Getting By On Social Security

Social Security has long been thought of as just part of a retirement plan — along with pensions and savings — but it turns out a lot of people depend on it for most of their income.<p>According to the Social Security Administration, nearly a quarter of older married couples and almost half of single …

The Shutdown Is Teaching Students How Not to Run a Country

"What we’re seeing now is so at odds with what we teach in civics classes that it’s going to cause cognitive dissonance."<p>With the partial shutdown of the federal government well into its second week, it’s reasonable to ask what lessons students might be absorbing from the actions of Congress—or …

Wednesday Shutdown Reader: Museums, FOD, Beer, Giant Killer Robots

Chronicles of the needlessly destructive "new normal"<p>One of my three favorite cartoonists, the wonderful Tom Tomorrow (Dan Perkins), in two panels from his latest <i>Daily Kos</i> offering. It seems unsporting to copy and paste the whole multipanel thing, though I am tempted. Check it out yourself, …

1 in 5 U.S. Workers: I'm Too Educated for My Job

Actually, that's not so bad, by international standards.<p>When Americans aren't fretting over being undereducated, we're usually fretting about being overeducated.<p>Every so often, writers and academics start sounding the alarm about a coming glut of college graduates who will end up doomed to a life …

Study: We'll Enjoy Food More If You Don't Instagram It

Imagining eating something provides a sense of satiety.<p><b>Problem:</b> On the scale of problems, “pictures of food on the Internet” is firmly first-world. And that is almost certainly a too-generous definition of “problem.” When it comes to Instagramming your dinner, I say live and let live, you know? …

I Don't Know What Will Happen If We Default, and I Don't Want to Find Out

The CEO of Pimco, the world's largest bond investor, explains why breaking through the debt ceiling could create "a huge global mess."<p>Reuters<p>Having shut down the government without causing disastrous damage to the nation’s economy, some Republican lawmakers are now playing Russian roulette with the …

The most beautiful places on Earth – in pictures

As Lonely Planet turns 40 this year, the publisher has picked the most magnificent sights across the globe to be included in a new book entitled Beautiful World, which contains more than 200 images and aims to inspire readers to see the world as they have never seen it before

What's the worst that could happen? 7 debt-default doomsday scenarios

Faced with some Republicans shrugging their shoulders at the thought of the U.S. defaulting on its debt obligations for the first time ever, notable economists are warning that the consequences would be the economic equivalent of a swarm of frogs and a plague of locusts.<p>The worst of the doomsday …

Why the internet is perfect for price discrimination

The internet is a zone where companies sell products with zero marginal cost, and with a lot of information about exactly who their audiences are. In that world, it would be weird if they didn't try to charge different prices to different customers.

Top 20 International Small Hotels: Andrew Harper's Picks (Photos)

Best Small Hotels<p>From Australia to Botswana and Italy to India, see the top luxury boutique hotels around the world.<p>09.08.13 4:45 AM ET

The 50 Best Brands To Follow On Twitter

With thousands of major brands on the social network, it can be difficult to drown out the noise and figure out who to follow.<p>We chose some of the best brands to follow on Twitter.<p>Some are useful because they offer deals and customer service. Others are just plain entertaining.

A Map Of America's Future: Where Growth Will Be Over The Next Decade

The world’s biggest and most dynamic economy derives its strength and resilience from its geographic diversity. Economically, at least, America is not a single country. It is a collection of seven nations and three quasi-independent city-states, each with its own tastes, proclivities, resources and …

Why Is Starbucks So Expensive in China?

And why do people go there anyway? The culture and economics of drinking lattes in China<p>The problem with this idea is pretty simple—operating a Starbucks store in China is expensive. For a country where labor is cheap—Starbucks baristas in Beijing make much less than their American …

How the soccer transfer market turns Europe’s economic story upside down

<b>Bale</b> \beɪl\ <i>n</i> [Welsh] (2013)<b><br>1 :</b> A denomination of euros equal to 100,000,000<b><br>2 :</b> <i>informal</i> A very large indeterminate number <he made <i>Bales</i> of money in the market ><p>The close of the window for transferring players in and out of Europe’s largest soccer leagues closed on Monday. A number of records were …