Rishabh Kalkal

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JPMorgan reaches proposed $4.5 bln mortgage securities deal for most trusts

NEW YORK (Reuters) - Trustees involved in JPMorgan Chase & Co’s (JPM.N) proposed $4.5 billion settlement with investors in money-losing mortgage bonds accepted the bank’s offer on Friday for the vast majority of the trusts holding the securities.<p>People walk by the JP Morgan & Chase Co. building in …

Warren Buffett’s firm just made the most money ever in a single quarter

Warren Buffett is a happy man. In the second quarter of this year, his firm, Berkshire Hathaway, made $6.4 billion in net profit, the most it has ever made in a three-month period. To put that in perspective, ExxonMobil made $8.8 billion and Apple made $7.7 billion in the same period—and they make …

Investing

11 Countries Near Bankruptcy: 24/7 Wall St.

After years of bitter court battles with creditors, Argentina has defaulted on its debt, according to rating agency Standard & Poor’s. After failing to come to an agreement with creditors from its previous default in 2001, the country missed necessary bond payments on July 31, triggering the …

Boon or Bust: Should You Hire Friends For Your Business?

<i>Ilya Pozin is a serial entrepreneur, writer and investor. He is the founder of online video entertainment platform Pluto.TV, social greeting card company Open Me, and digital marketing agency Ciplex.</i><p>For startup founders and entrepreneurs, the hiring question can be especially dicey. After all, …

Secrets of the Creative Brain

A leading neuroscientist who has spent decades studying creativity shares her research on where genius comes from, whether it is dependent on high IQ—and why it is so often accompanied by mental illness.<p>As a psychiatrist and neuroscientist who studies creativity, I’ve had the pleasure of working …

Review: Woody Allen’s Magic in the Moonlight

The director’s new film takes place on the French Riviera and stars Colin Firth. Is it just escapism for grown-ups? Film critic Owen Gleiberman takes a look.<p>Here's a theory: if you queried every single person who went to see John Turturro's Fading Gigolo, many of them would be still laboring under …

Woody Allen

My friend, Picasso

Lucien Clergue befriended Pablo Picasso in 1953. Over the next 20 years, he took intimate portraits of the artist in his studio, at bullfights and on the beach.<p>“Clergue’s photographs are from God’s own sketchbooks,” Pablo Picasso once said of the French photographer, who will turn 80 in August. …

Pet Shop Boys: Opera’s new stars?

The pop duo’s ambitious new musical biography about WWII codebreaker Alan Turing opens this week at the BBC Proms. Clemency Burton-Hill finds out more.<p>What do Richard Nixon, Walt Disney, Mahatma Gandhi, Jerry Springer, Colonel Gaddafi and Anna Nicole Smith have in common? Unlikely as it may sound, …

On Kawara: Can conceptual art be emotional?

The Japanese-American artist, who died in late June, challenged the notion that conceptual art appeals to the head alone, writes Jason Farago.<p>Most artists’ names, on the walls of museums, appear with numbers after them in parentheses: a year of birth, usually, followed by a hyphen and then a year …

Art

Neuromancer: The man who saw the future

The week’s best arts and culture reads – including a tribute to the man who coined ‘cyberspace’ and an ode to 1980s New York.<p>A philistine in good company<br>Adam Kirsch | New Republic | 30 July 2014<br>Does Shakespeare “suck”? Ira Glass, the much-admired American radio-show host, said so after seeing King …

Columbia University

The Best Way to Make Eggs, According to BA Staffers

From scrambled to poached to boiled, here's how Bon Appétit staffers like their eggs.<p>When discussing the perfect method for frying eggs the other day, we realized: There is no right way to make eggs, only preferences. Some prefer crispy, lacy edges on their fried eggs; some like them just set, with …

The five greatest space hacks of all time

It’s amazing what DIY fixes astronauts have carried out to solve embarrassing failures and life-threatening accidents. Here is a rundown of our favourites.<p>“Houston, we have a problem.” Immortal words that have become a by-word for an emergency, not just in space, but anywhere on Earth. (Wrongly …

Ageing: The girls who never grow older

A handful of girls seem to defy one of the biggest certainties in life: ageing. Virginia Hughes reports on the families wrestling with a condition they can’t explain, and the scientist who believes that these children could hold the key to immortality.<p>Richard Walker has been trying to conquer …

The charm of micropoetry

A contemporary poet I know once said she never quite understood why the Internet generation of readers rarely consumed poetry. Poetry, she argued, is …

Poets writing war

George Bernard Shaw.<p>It’s not hard to write about war. After all, wars of all kinds exist and thrive around us. Gender, geography, land, love, oil, …