The longest bull run in nearly a century of art-market history ended at Sotheby’s in London on September 15th 2008 with the sale of 56 works by Damien Hirst. With all but two pieces sold, the collection brought in more than $70 million, a record sale for a single artist. The event also marked the [...]
Filed under: Arts & Culture, Business, News on December 2nd, 2009 @ 6:14 pm
Tagged with: art, Business, economy, innovation
In the latest development in what appears to be a rush by international airlines to demonstrate the use ofalternative fuels, Dutch airline KLM has announced what it is calling the world’s first passenger flight powered by biofuel. The flight was not a regularly scheduled commercial flight, but a demonstration by the airliner of the ability [...]
Filed under: Business, Environment, News, Technology on November 30th, 2009 @ 5:05 pm
The U.S. government is currently financing its massive borrowing with ultralow interest i.o.u.’s, but this happy situation may not last much longer. Treasury officials now face enormous debt, an accumulation of short-term borrowings that are due in the months ahead, and interest rates that are sure to return to normal once the Fed decides the [...]
Filed under: Business, News, Uncategorized on November 27th, 2009 @ 10:00 am
Tagged with: budget, economy, finance, government
Spurred on by last week’s ambivalence at the climate summit in Thailand, mega-billionaire George Soros took it upon himself to invest $1 billion towards clean energy research. Soros, most known through his powerhouse hedge fund, Soros Fund Management L.L.C., said he was attempting to address the political problem of climate change by making this investment.
He [...]
Filed under: Business, Environment on October 16th, 2009 @ 11:28 am
Tagged with: carbon dioxide, clean energy, Climate Policy Initiative, environmental policy, George Soros, global warming, green business, green technology
In the past two years, we’ve watched the concept of green business go from a fledgling, niche idea, to an international phenomenon. Entrepreneurs the world over have embraced the battle for green supremacy, bringing ideas and products to the market which will shape the future of investment while improving the prospects of our future.
But as [...]
Filed under: Business on October 16th, 2009 @ 11:24 am
Tagged with: Clorox, Coca-Cola, Colgate-Palmolive, entrepreneur.com, green business, HIP Investor Inc., organic products, profitability, S&P 100, shareholder value, sustainability
In April, Credit Suisse analyst Spencer Wang estimated that YouTube would cost Google $470 million in 2009. The video streaming site would bring in $240 million, he reported, but cost $710 million to upkeep ($360 million of which is bandwidth costs). The site was, and is a “cash sinkhole,” Wang now famously proclaimed.
Today, Google has [...]
Filed under: Business, Technology, Uncategorized on October 9th, 2009 @ 4:17 pm
After last week’s announcement by Ben Bernanke that the recession was essentially over, I think many of us probably breathed a sigh of relief. Here’s a man responsible for many of the programs which have been so hotly contested, programs which have funneled billions of dollars to banks who may or may not have used [...]
Filed under: Business, News on September 18th, 2009 @ 6:15 pm
Tagged with: analysis, ben bernanke, Dailyfinance.com, economy, finance, growth, jobs, Joseph Stiglitz, Nobe Prize, recession, recovery, stimulus, Unemployment, US
BusinessWeek points to some compelling research published by the National Venture Capital Association that highlights the true impacts that Venture-backed startups are having on the US economy. The overall findings support the growing importance of the entrepreneurial system, which is exciting news for the industry as a whole and shoul help to provide insights into future [...]
Filed under: Business, News on September 18th, 2009 @ 9:15 am
Tagged with: Business, economy, entrepreneur, growth, industry, insights, jobs, National Venture Capital Association, NVCA, research, startup, success, sustainability, US, venture capital, venture-backed
No matter how successful a business gets, it’s important not to lose sight of the strategies that have taken you there. For most that involves building strong customer relationships and consistently delivering a great product or service. In recent months, eBay, the popular online auction house has veered from that path perhaps, but its CEO [...]
I’ve been following the run-up to next week’s G-20 meeting in Pittsburgh rather closely, and am concerned about the nature of the debate thus far. Before the self-congratulating and back-patting begins on the G-20’s “could have been worse” attitude over the current state of the recession – and the prospective recovery – begins, the big [...]
This week, Blue Shield of California Foundation (BSCF) announced nearly $9 million in new grants for helping the state meet pressing health needs.
This week industrial engineer James Dyson stressed the role of science and engineering with the release of a new report entitled “Making the UK the leading high-tech exporter in Europe”. Dyson – who is perhaps best known for his bagless vacuum cleaners – is calling for more investment and support for innovative engineering.