"International fast food behemoth Burger King Worldwide Inc. confirmed Tuesday that it will pay about $11 billion to buy Canadian chain Tim Hortons Inc.
, which sells coffee, donuts, and other breakfast food fare. The deal would merge America's second-largest burger chain, which is valued at nearly $10 billion, with the Canadian equivalent to Dunkin' Donuts, which is valued at more than $8 billion. It would also move the new company's headquarters to Canada, where corporate taxes are significantly lower." [more inside]
by Data Morphosis
demonstrates that women make up just 10.7% of all US company board members. They are best represented at Avon
, where more than half the board is female. Eighteen S&P 500 companies have male directors exclusively. (Via Forbes
, where the article
is adorned with a pink [!] bar graph.)
Google just bought out skybox for $500MN
. Skybox is a startup with grand amibitions: create cheap satellites which can be used to provide almost real time-time, sub one meter resolution imagery of earth.
Even with six small satellites orbiting Earth, Skybox could provide practically real-time images of the same spot twice a day at a fraction of the current cost.
The startup sent up its first satellite SkySat-1
last November. The satellite can provide HD images and videos
(90 sec clips at 30 frames/second)
The start-up hopes to combine its satellites with software which can analyze the visual data to collect information. It hopes that it can use its combination of hardware and software capabilities to gather real time information to estimate oil reserves in saudi Arabia
, track fuel tankers in China's 3 main economic zones, rate of increase of electricity usage in India, number of cars in all wallmart parking lots
. [more inside]
: "Something is wrong on Twitter. And people are noticing. Or, at least, the kind of people we hang around with on Twitter are noticing. And it's maybe not a very important demographic, this very weird and specific kind of user: audience-obsessed, curious, newsy. Twitter's earnings last quarter, after all, were an improvement on the period before, and it added 14 million new users for a total of 255 million. The thing is: Its users are less active than they once were. Twitter says these changes reflect a more streamlined experience, but we have a different theory: Twitter is entering its twilight." [more inside]
Growing up in the San Fernando Valley among divorced parents, Grossman developed the characteristics of a proto-entrepreneur–inventiveness bordering on larceny. He stole the motor out of a neighbor’s lawn mower to build a go-kart, used a rudimentary plastic explosives recipe to blow up every mailbox on the block and dropped homemade stink bombs in his junior high. The day before his 12th birthday he was caught shoplifting a small bag of circuit board clips from the local RadioShack. Then he started channeling his creative urges toward photography, bike repair and (pre-legal drinking age) distilling. His first batch used a gallon jug of Welch’s grape juice he hid in the closet. Forbes profiles 'The King Of Craft Beer', Sierra Nevada's Ken Grossman.
Do not play this game.
You will be dead in seconds.
Did it get popular
tactics? Probably not.
But do you want it to haunt
your dreams? No, you don't.
Stave off your existential despair
in some other way. I repeat, do not
play this game.
a list of 5 major scams that have popped out of the woodwork with the beginning of deployment of the Affordable Care Act (AKA Obamacare). Be on the lookout! [more inside]
Meet the Dread Pirate Roberts
- the man behind booming black market drug website Silk Road
AirBnB And The Unstoppable Rise Of The Share Economy
“We’re going to have to invent new economics to capture the impact of the sharing economy,” says Arun Sundararajan, a professor at the Stern School of Business at NYU who studies this phenomenon. The largest question for academics is whether this all creates new value or just replaces existing businesses. The answer is surely both. It’s classic creative destruction. [more inside]
is responding to a blog post
which itself is citing a European Central Bank paper on virtual currency(pdf) [more inside]
This past Thursday, Forbes Magazine published a pair of articles: The Most Stressful Jobs of 2013
and The Least Stressful Jobs of 2013
, the latter of which began with the sentence: "University professors have a lot less stress than most of us."
300+ outraged comments
(and thousands of sarcastic #RealForbesProfessor
tweets,) later they've added a retraction, and linked to a blog post that takes A Real Look at Being a Professor in the US
. [more inside]
Although the heading is a little bucket-listy, I found many of the thoughts in 40 Things To Say Before You Die
to be represented with insight in the form of charts and graphs. [more inside]
An article about the Free Universal Construction Kit
-- for connecting Legos to Lincoln Logs to Tinker Toys to Fischertechnik to Duplos to Krinkles to Zometool to K'Nex to Zoob to gears. Designs at Thingiverse
. A PDF page displaying all parts
The power of the Reddit AMA
: Forbes on the "interview revolution that has everyone talking." "Comedian Louis CK
took a chance on a Reddit AMA by offering Redditors the chance to purchase his Live at Beacon Theater performance for $5 through his website. The result: over $1 million in sales in the first 10 days and a new distribution method. (previously
) ... One New York Times bestselling author I spoke to saw their Amazon rank jump from 800 to 400 and stick, meaning a spike in hundreds and possibly thousands of books a day for more than a week." Just today, Kevin Smith
and Steve Albini
stopped by to chat with Redditors; other celebs who have done AMAs include Bob Odenkirk
, Ken Jennings
and Molly Ringwald
. But it's not all about celebrities -- ordinary people with interesting stories do AMAs as well, including a former "Daily Show" intern
and a couple
who met through a Craig's List missed connections ad.
The Media Map: Who's Reading What And Where: [Forbes]
We worked with Bitly and its data on millions of Web clicks to find the most influential media outlets in the country. This map shows which news sources are read and shared at above-average levels by state. Roll over and click on the media outlets below to see where they influence readers and which stories were big hits. Updated monthly to reflect the latest trends. More about the map.
"In one corner of Manoj Bhargava’s office is a cemetery of sorts. It’s a Formica bookcase, its shelves lined with hundreds of garishly colored screw-top plastic bottles not much taller than shot glasses. Front and center is a Cadillac-red bottle of 5-Hour Energy, the two-ounce caffeine and vitamin elixir that purports to keep you alert without crashing. In eight years 5-Hour has gone from nowhere to $1 billion in retail sales. Truckers swear by it. So do the traders in Oliver Stone’s 2010 sequel to Wall Street
. So do hungover students. It’s $3 a bottle, and it has made Bhargava a fortune
Why are Indian Reservations So Poor?
Forbes writer John Koppisch says it's because of a lack of individual property rights. In a detailed response
, the executive director of non-profit organization Village Earth says: "I find it ironic how academics and journalists try to come up with new theories to explain poverty on reservations but fail to take into account the obvious. The government owes Native Americans at least 45 Billion dollars yet, in the settlement offered by the Obama administration, they are being compensated for less that .06% of that." [more inside]
"This is the true ‘bomb’ contained in Obamacare
and the one item that will have more impact on the future of how medical care is paid for in this country than anything we’ve seen in quite some time. Indeed, it is this aspect of the law that represents the true ‘death panel’ found in Obamacare—but not one that is going to lead to the death of American consumers. Rather, the medical loss ratio will, ultimately, lead to the death of large parts of the private, for-profit health insurance industry."
said "No" to Steve Jobs and lived happily ever after. (So far.)
This week's issue of Forbes
features a cover story
by Dinesh D'Souza
that argues that "the U.S. is being ruled according to the dreams of a Luo tribesman of the 1950s," along with an editorial featuring a picture of Obama's head photoshopped onto Joseph Stalin's body
. [more inside]
Thinking of relocating in these troubled economic times? You might want to consider checking out Forbes' list of The Most Overpriced Cities in America
. The Top 5: Los Angeles, Chicago, Miami, New York, and... Providence?
magazine runs an article
, the "design crowdsourcing" website, and calls professional design "snooty". Professional designers go absolutely crazy
Forbes Magazine has compiled a ranking of the top 569 undergraduate institutions in America.
Designed to compete with the venerable U.S. News and World Report rankings
, Forbes offers a different methodology
and some controversial results. [more inside]
, a 2007 Brown University graduate and recent recipient of the Draper Richards Fellowship
and the Rainer Arnhold Fellowship
, is the 2005 Founder and Executive Director of
, a non-profit community-based organization in Kenya. KOMAZA's mission is to "end chronic poverty in Kenya by promoting health, economic growth, education, and infrastructure development" through a tree farming social enterprise
. Partnering with the Tree Biotechnology Project
, KOMAZA plants fast-growning, drought-tolerant Eucalyptus trees
as a cash crop for rural, substinance farming communities. [more inside]
Introducing the Forbes corporate org chart wiki (beta).
Forbes magazine is conducting an experiment
in Web 2.0 to collaboratively map the org charts of corporations including Intel
, & Microsoft
. Everyone is encouraged to pitch in, add names or make corrections. And if your company's not already on the list
you can always add it.
Forbes Magazine Details The Top Ten Most Exotic Kinds of Weed
(yes, the puff puff kind) with pricing and lovely pictures but no links to local dispensaries.
PS. Yer favorite weed that's not on the list sucks.
The Forbes Fictional 15
has been updated for 2006, witnessing energy and defense tycoons like Tony Stark
and Oliver Warbucks
high on the list and notable perennials like Lex Luthor
sliding off. In new additions, Mr. Monopoly
has done very well with recent real estate prices rising, and Prince Abikaliki of Nigeria
pops up to #10 despite recent legal troubles.(Metafilter covered the Fictional 15 in 2005 and 2002.)
San Andreas primed to "explode."
Growing up in SoCal, we constantly practiced earthquake drills
in anticipation of the "Big One
." Now, new evidence suggests that the Big One will be even worse
than we all feared. At the moment, everything looks calm
though. People say we're crazy
for living in either San Francisco or Los Angeles, of course we think living in New Orleans is crazy
too. But cities are rebuilt
. And no matter where you go, you really can't escape natural disasters
. Besides, some of the biggest earthquakes in the United States were in Missouri
! In any case, Forbes compiled a list of the safest and least safest places to live
in the U.S. in regards to natural disasters. Apparently... we should all move to Hawaii
What it costs to live well in the United States.
According to Forbes, living well for a family of four in New York City requires an annual income of $483,800, compared to
$189,923 in Wichita, Kansas. Of course, living well, according to the methodology
, involves a vacation home, a BMW 325i and a Lexus RX 330, weekends at the Ritz, and almost no savings, so you might want to skip one of these things if you are a few bucks shy. Also worth noting, the most expensive ZIP codes
in the United States (and the world
). Are you living well?
Forbes special report on communication.
A truckload of excellent articles and interview excerpts! Noam Chomsky
on the spontaneous invention of language. Carl Zimmer
on talking chimps. Jane Goodall
on why words hurt. Arthur C. Clarke
on the planetary conversation. Kurt Vonnegut
on telling a story. Desmond Morris
on symbolic gestures. Sid Meier
on communicating with video games. David Copperfield
on keeping secrets. Stan Lee
on the superpower of comics. Steven Pinker
on why we have language. Walter Cronkite
on the language of news. Daniel Libeskind
on the language of design. And much more!
Dozens of MeFi posts finally explained.
How can I replace the batteries when I don't even have a meter?
Forbes recently published an article detailing [their favorite] top 10 corporate hate websites, with some not
so surprising names
on the list. Or you can roll your own
. Grassroots in action, but does that action actually change anything
? (found via /.
weight loss and exercise... Those who like their booze also like their nicotine. People who drink to excess also tend to be chronic smokers, and a new report suggests the combination of the two might prove more toxic than either one alone. a small study found chronic smoking + alcohol dependence = increased severity of brain damage. The frontal lobes (short-term storage sites) turn out to be the most damaged. A separate study used rats to show that alcoholism and excessive food intake may share the same chemical pathways in the brain.
has the HealthDayNews report that focuses mainly on the smokes, MSNBC
looks more at the eats. They also have an interesting Addictions Sections
. Could it be that some folks are just prone to addictions and everyone settles on something different?
best cheapest places to live in America.
Maybe the age of the individual inventor isn't over. Woody Norris
is the inventor of the personal helicopter
, precise Hypersonic sound emitter
, and the first palm-size digital voice recorder... And never graduated from college.
U.S. job growth strongest in 4 years in March.
Non-farm payrolls climbed 308,000 in March, the Labor Department said, the biggest gain since April 2000. However, the unemployment rate actually ticked upward from 5.6%, the two-year low seen in January and February, to 5.7% in March. Note in passing that this took place during the Bush administration!
Sex makes you smell better.
Er, in that it improves your sense of smell. And it reduces the risk of heart disease. And relieves pain. And even improves teeth
. This Forbes article explains those and other health benefits of getting a little something-something.
Treasure hoarding bastards to the starboard bow, Mr. Christian!
While they laid off millions and millions of workers, and starting moving jobs to offshore providers, the rich got richer. According to the new The Forbes 400
, the aggregate net worth of the nation's wealthiest 400 citizens leapt 10% in the past year, to $955 billion. Meanwhile, minimum wage
hasn't been raised since 1997.