3. “For years we had Chinese growth going gangbusters and US rates going down,” says Josh Crabb, head of Asian equities at Old Mutual Global Investors, the asset management arm of Old Mutual, the insurer. “But transaction volumes have dried up quite significantly, so we are not really sure what the prices are. That looks like a tough fundamental outlook.”
3. Writing for a Variety Special: Patton Oswalt, “Patton Oswalt: Talking for Clapping”
4. Stanford’s alumni have the highest salary on average at $195,000 but overall the top 15 MBA programmes are closely matched in terms of income, career progress and satisfaction. All but one have average alumni salaries greater than $150,000, with a pay increase of about 100 per cent compared with their pre-MBA income.
5. Money Matters
6. It was the spring of hope, it was the winter of despair…
1. 2010 U.S. unemployment rate (average): 10.2%
2. The contiguous United States set a temperature record in 2012, a year of scorching heat waves and drought. But, mostly because of the unusual chill in the East, 2014 was only the 34th warmest year on record for the lower 48 states.
Say this about Bank of America chief Brian Moynihan: He certainly knows how to talk the talk. In his letter to shareholders, Moynihan went out of his way to thank U.S. taxpayers for making $45 billion in TARP funds available. He also described how he is working closely with 'policy leaders' on financial reform. Whether he can walk the walk - i.e., turn around BofA's fortunes - is another matter. While the company did repay its TARP loan in December, it is still sitting on billions of dollars of vulnerable residential and commercial mortgage debt - one reason the company spent 8,000 words discussing risk in its annual report.
When it’s time to buy a new car, you have 36 brands to choose from. Each automotive brand has something to offer, but not every brand is right for every buyer. Some brands excel at making performance cars, others focus on making family-friendly crossovers or specialize in luxury cars.