A little more than a generation ago, a stealthy revolution swept America. It was a dual changing of the guard: Two tribes, two attitudes, two approaches to a good society were simultaneously displaced by upstart rivals. In the world of business, the manufacturing bosses gave way to Wall Street dealmakers, bent on breaking up their…Details
The chart below is from a recent analysis from the World Economic Forum The report points out in detail the simple fact that people are living longer than their retirements savings, the returns they have from their existing investments are inadequate and the government will struggle to make up any shortfall. The takeaway message is…Details
The Wall Street Journal says Los Angeles faces a glut of mansions built on spec and priced above $20 million. About 50 such houses are currently for sale, and there isn’t enough dumb money around to buy them all, so sellers are having to resort to both price cuts and absurd marketing techniques, such as open houses that are…Details
At this year’s Euroanaesthesia Congress (the annual meeting of the European Society of Anaesthesiology) in Vienna, Austria (1-3 June), doctors present the unique case of a man who suffered a flash fire in his chest cavity during emergency heart surgery caused by supplemental oxygen leaking from a ruptured lung.
More here – EurekAlert
In a crumbling edifice, a farce plays out. The hapless central character fawns on an aristocrat who turns out to be a conman. He then fails to disguise his unease when confronted with his European neighbours, doesn’t bother to mask a thorough contempt for the Irish, and enters a love-hate relationship with ostentatiously wealthy Americans.…Details
“Forecasting: the attempt to predict the unknowable by measuring the irrelevant; this task employs most people on Wall Street.” (Brilliant description – wish I had thought of it) The words of Jason Zweig, author of the Devil’s Financial Dictionary, are particularly apt at this time of year. We hear a lot from financial forecasters every…Details