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Showing posts from December, 2016

Time To Address the Coaching Issue

Time To Address the Coaching Issue Jonathan McKee won Olympic medals at the 1984 and 2000 Games, and after witnessing the 2016 Olympics, he reports in Sailing World magazine that it’s time to address the coaching issue…. I had the honor of coaching our American Nacra 17 team of Bora Gulari and Louisa Chafee at the Rio Olympics. It was a great experience on many levels, but I came away feeling that the coaching aspect of the Olympics is too dominant. Today, at a typical Olympic-class event, you’ll find that each sailor competing has his or her own coach boat, typically a 16-foot RIB with a 60 hp engine. I’m not against coaching per se, especially if it helps the sailors improve, but I’m not convinced that hands-on coaching at major events such as the Olympics is necessary or warranted. It’s gotten to the point where having so many support boats on the water detracts from the sailors’ experience. Once upon a time, sailors had to get to and from the racecourse themselves and be self-suffic…

Russia Cashes in on Oil Upswing

Russia Cashes in on Oil Upswing to Sell Rosneft StakeBy Gary Ashton | In a surprise development, Russia’s President Putin announced on state television that Swiss commodity trader Glencore Plc and Qatar’s sovereign wealth fund will be purchasing a 19.5% stake in Russia’s state oil company, Rosneft PJSC (MCX:ROSN), in a deal worth $11 billion. The Russian government, which owns approximately 70% of Rosneft, has been looking to reduce its stake in the company for most of the year to raise funds for its budget. (For More See:Russia Looking to Sell Stake in Rosneft)
Russia delayed the privatization of Rosneft in August 2016 because of the decline in oil prices during the summer. In October, however, Russian Economy Minister Alexei Ulyukaev said the privatization of a stake in oil major Rosneft would take place between November and December 2016. Analysts at the time estimated a 19.5% stake could fetch as much as $11.7 billion at current market valuations.
Russia’s Budget Growing Russia’s…

26 Goldman Sachs Alumni

26 Goldman Sachs Alumni Who Run the World (GS)By David Floyd | "The first thing you need to know about Goldman Sachs," Rolling Stone's Matt Taibbi wrote in July 2009, "is that it's everywhere." Whether that makes the bank a "vampire squid," in Taibbi's now-famous phrasing, is debatable, but Goldman Sachs Group Inc.'s (GS) ubiquity is hard to deny.
The selection of Steve Mnuchin as Treasury Secretary, which he confirmed on November 30, makes the second-generation Goldman partner (his father Robert Mnuchin was also a partner) the second of the firm's alums to secure a position in Donald Trump's incoming administration: the President-elect's campaign strategist, Breitbart executive chair and one-time Goldman investment banker Steve Bannon will serve as chief strategist and senior counselor in the incoming administration (counselor to the president was a cabinet-level position until 1993). (See also, Goldman Sachs Nears All-Time H…

Amazon’s new grocery store

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Amazon’s new grocery store is missing one of the most important things about its business
By now, you've probably seen the new video for Amazon Go, the e-commerce store's first physical grocery store that comes with no cashiers or check out lines. But if you've followed Amazon closely, you've probably noticed the store is missing one of the most important parts about Amazon's retail strategy: Prime benefits. Prime, Amazon's annual membership program, gives access to free two-day shipping and a bunch of other services, such as Prime Video and Music. Amazon has increased the number of Prime perks lately in hopes of attracting more members, as it became clear that Prime members tend to spend more on Amazon than non-Prime members. Oddly, Amazon is not giving any privilege to its Prime members in the new grocery stores, which is easily one of the biggest retail initiatives the company has taken in years. The Amazon bookstore, which launched last year, for…

Students 'Easily Duped'

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Students 'Easily Duped' by Misleading, Fake Info OnlineBY CHLOE ALBANESIUS Recently, PCMag's Evan Dashevsky argued that "If you fall for nonsense articles in your Facebook feed, don't blame Facebook. It's your fault for not checking sources." He might want to notify the nation's students, who are apparently easily duped by slick content dressed up as news, a new Stanford report finds. "Many people assume that because young people are fluent in social media they are equally perceptive about what they find there," Professor Sam Wineburg, lead author of the report and founder of the Stanford History Education Group, said in a statement. "Our work shows the opposite to be true." Between January 2015 and June 2016—before the issue of fake news started making headlines—Wineburg and his team collected data from 7,804 students in middle and high school, as well as college, who were asked to evaluate tweets, media site home pages, blog pos…