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27 Jan 2015 - United States
Times Square's CrushingThe area's turnaround from crime-ridden to family-friendly has brought in a sea of tourists, who are threatening to push out frustrated office tenants and theatergoers.
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How odd. On 16 January I posted a blog here about the dubious economics of the tar-sands industry and hence of the Keystone XL pipeline. The blog began with an analogy to the economic implausibility... and national-security risks of oil* from the vast Coastal Plain of the Arctic National Wildlife Refuge (called ANWR by those who want us to forget it also teems with wildlife). Little did I know that just nine days later, President Obama and Interior Secretary Jewell would recommend that area for strict Wilderness Act protection.
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The Justice Department has been building a national database to track in real time the movement of vehicles around the U.S., with hundreds of millions of records about motorists, The Wall Street... Journal reports.
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What VCs Are Looking For In 2015

Forbes - 27 Jan 2015 17:08
What VCs Are Looking For InErik Rannala, co-founder of Mucker Capital reveals what VCs are looking for in 2015
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Reviewing potential GOP presidential contenders at the Iowa Freedom Summit on Monday, Jon Stewart would have had enough material from Sen. Ted Cruz (R-TX), Donald Trump and Texas Gov. Rick Perry--but... as usual, former Alaska Gov. Sarah Palin was the star.
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The Internet is often the first place mortgage seekers turn to research how much they can afford and to get rate quotes. But many borrowers say they wouldn't mind if the entire mortgage process moved... online.
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Rick Perry On Unemployment Statistics

Forbes - 27 Jan 2015 05:48
I wouldn't normally bother with a post on something so seemingly minor, but when I read this I was incredulous. Apparently, former Texas Governor Rick Perry said the following regarding the recent... unemployment data: "It’s been massaged, it’s been doctored" (Rick Perry, in Iowa, says unemployment rate has 'been massaged, it’s been doctored').
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It might be said that the purpose of asset protection planning is to take some chips off the table when times are good, and make the rest of the chips difficult for creditors to get at when times are... bad.
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The ruble fell to a six-week low after Standard & Poor's downgraded Russia's sovereign debt to a junk rating. The move has worsened a selloff while fighting in the Ukraine has increased the chances... for more Western sanctions.
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Watch out, Facebook: SnapchatA news report Monday evening says the photo sharing app Snapchat will be launching its rumored content channel — complete with brand-sponsored video — as soon as Tuesday morning. After Snapchat... finally began to monetize its technology last fall with big-brand ads included in users’ apps, reports surfaced that the company was building a content network in partnership with […]
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Why Microsoft Is Making LessSluggish PC sales are partially to blame, but there's more to this story
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These Two Charts Explain WhyOn Monday, Fortune reported that Kleiner Perkins' attempt to acquire the four year old upstart VC firm, Social+Capital Partnership, had fallen through in recent weeks. The report said the deal would... have made Social+Capital's founder Chamath Palihapitiya and its general partners Ted Maidenberg and Mamoon Hamid into partners at Kleiner, putting them in new leadership positions at the 43-year-old VC firm.  But for some reason the talks have ceased, and Fortune says the deal is "now considered dead." Sources confirmed to Business Insider that the talks happened and are currently off. These sorts of deals between VC firms rarely happen. But when you take a closer look at the growth of Social+Capital, it's easy to see why Kleiner Perkins might have wanted to outright buy the whole firm....
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Microsoft Gave All Kinds OfMicrosoft is warning investors that revenue and profits are not going to be killer great for the rest of 2015. The stock is down more than 4% after hours. After Microsoft's spectacular Windows 10... event, where it wowed journalists with cool new products such as HoloLens, executives were glum on the quarterly earnings call. They issued all sorts of warnings as to why Microsoft's numbers will likely be soft. The first reason, mentioned repeatedly, was that businesses are no longer frantically upgrading their XP PCs anymore. Microsoft ended support of XP last year, forcing all companies using the old operating system to move to a newer version already. Most moved to Windows 7. But now, buying patterns have returned to their normal "pre-XP" levels. That means that Windows sales to businesses...
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Pepsi, WeatherTech, Doritos,Fewer than half of Super Bowl XLIX’s advertisers will score big on their considerable investments, according to the 13th annual Super Bowl Ad Engagement Survey conducted by Brand Keys.
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(Reuters) - Mattel Inc removed Chief Executive Brian Stockton after another disappointing holiday shopping season for the maker of the aging Barbie doll.
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These 7 weed startups are the toke of the town

Venture Beat - 27 Jan 2015 02:20
These 7 weed startups are theWhen Peter Thiel's Founders Fund dropped a fat bag of cash into cannabis private equity firm Privateer Holdings, the whole industry exhaled a puff of excitement and hope. Finally, venture capital was... beginning to take the industry seriously. But of course, cannabis-loving entrepreneurs have been around since before that, and they've spawned plenty of startups. […]
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BP Freezes Workers' Wages as Oil Prices Sink

The New York Times - 27 Jan 2015 01:25
The British oil giant, which has 80,000 workers, said the decision to freeze base pay is "a prudent response to the currently challenging market environment."
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Itineraries: In Emergencies,Businesses are placing more emphasis on making sure they know exactly where their workers are, especially when they are working in remote or dangerous areas.
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Apple is set to report first-quarter earnings after market close on Tuesday.
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Cadbury's Chocolate Will NoCraving a Toffee Crisp? That just got a lot harder if you live in the U.S. In settling a lawsuit with The Hershey Company, Let's Buy British Imports (LBB) -- the company responsible for sending... U.K.-made Cadbury chocolate overseas -- has agreed to halt shipments to the U.S. Hershey owns the rights to make and sell any chocolate products with the Cadbury name in the U.S., and will still do so in many cases. Cadbury eggs will still be around, for example -- but now they'll taste slightly different because British-made Cadbury chocolate is produced under a different recipe (the first ingredient in U.K. Cadbury chocolate is milk, while the first in American-made Cadbury chocolate is sugar, according to the New York Times). LBB is also halting their imports of British-made Kit Kats, but the...
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Apple Inc. (AAPL) Sells MoreApple Inc. (NASDAQ:AAPL) has transformed from an American tech darling to a Chinese one, with iPhones selling more units in the China than in the US. This marks the first time this has happened,... indicating that the Chinese market has become the premier frontier for smartphones. The unprecedented growth seen in China over the past three decades has resulted in a large middle class, rising incomes, and a growing appetite for new tech gadgets. China is now home to almost 520 million smartphone users.
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S&P cuts Russia's creditRead full story for latest details.
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Apple issued an update to iOS 8 that it says won't require as much storage space
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The search is on for scapegoats after a missed weather forecast turned the City That Never Sleeps into a ghost town on Monday night. The main suspects: Mother Nature, politicians such as New York City... Mayor Bill de Blasio and budget woes at the National Weather Service.
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As Ireland's flagship carrier recommends its sale to the parent of British Airways, analysts raise hopes for other mergers in a fragmented market.
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