Recently I read an article on Braeden’s blog regarding a once powerful, wealthy man Eike Batista and how he went from a multibillionaire to a multimillionaire. Was is a gambling problem that got to Batista? No. It was greed. Batista promised investors that his oil company would be able to pump out 400,000 gallons a day. The company stock was flooded with investors and ballooned to over $21 a share. When the actual date to mine came, it only pumped […]
In the US, roughly 30% of Americans have bachelor’s degree. To increase the economy in the US, President Barack Obama has proposed to increase the number of years in high school from 5 to 6. One school in the US already offers this program with students graduating from it not only earning a high school diploma but also an associates degree. It is an interesting concept considering almost 70% of Americans only have a high school diploma. There are a […]
To this day, almost everybody you or I know has a Facebook account. Everything from a person’s personality to the types of people associated can be found on Facebook. Because of this, many job candidates are having their Facebook account checked out before they are considered fit for the job. According to the article, more than 40% of recruiters have reconsidered one’s application after processing a candidate’s Facebook account and 60% say poor grammar and use of slang will think […]
How would you like to get paid for doing nothing? This could potentially be true in Switzerland as Swiss activists delivered a public referendum proposing to give the public around $10,000 a year for simply being Swiss. Everyone is entitled to the money no matter how rich, poor, hardworking, or lazy they are. The main object of course is to eliminate poverty but there are many problems with this proposal that I’ve noticed. The first and foremost is that a […]
Unlike traditional stock investments, I came across an interesting article regarding investing in a professional athlete. Arian Foster, running back for the Houston Texans has an IPO on himself and surprisingly, a company called Fantax has already bought 20% shares for $10 million. You might wonder how you make money from investing in athletes. When a shareholder buys a stock on Foster, they own a piece of Foster’s lifetime football related earnings. Those earnings depend heavily on Foster’s performances and […]
I read a blog recently by Calvin that had to do with Burger King changing their name to Fries King. My first thought was laughter. Then as I realized that this was happening, I couldn’t help but feel for the marketing department in Burger King. Every business knows that a brand is just as important as the item it sells. For example, people buy Nike shoes simply because they are Nike. Even if the design was same and another company […]
I recently read a blog where a restaurant in Los Angeles has added a $500 milkshake onto their menu. Not only is this ridiculously expensive but the materials in the milkshake does not add up anywhere close to $500. A Belgium chocolate, edible gold leaf, and a Swarovski Ring is supposedly the “cherry on top.” From a business perspective, it is an interesting way to grab attention to your restaurant. Most restaurants have their own signature dish but why not top […]
Recently, Walmart has faced criticism for their low hourly pay. A report, revealed by Bill Simon, the president and CEO of Walmart has 525,000 full time employees make less than $25,000 a year. If your curious, $25,000 a year equates to roughly $12 an hour on a full time job Monday to Friday from 9AM to 6PM. $25,000 is however, well above the poverty line in the United States but why would there be complaints for the low wage? A […]
IBM a business giant was awarded the 2012 Gold Medal award for International Corporate Achievement in Sustainable Development. The company was recognized for its dedication and effort to making environmental friendly products. Why would a business, whose revenue exceed well over $100 billion, care so much about the environment that it goes to great lengths and spends millions of dollars to developing and creating environmental products? Realistically, IBM does not have to commit millions into environmentally friendly products, they just […]
In 2010, an astonishing 13 Apple workers committed suicide in China after complaints of low wages, long hours, and unsafe work environment. Apple responded quickly by vowing to increase wages by 20% and hired an independent suicide prevention team to survey the workers. Apple also vowed to intensify its interview when it comes to hiring new workers. Even with all these implementations, since 2010, there has been an additional seven reported deaths in Foxconn. So what went wrong? Living conditions […]
