"Millions of Americans pay outrageous fees to check cashers, payday lenders, and other predatory businesses—just for the right to use their own money," said T-Mobile CEO John Legere in a press release. “Mobile Money shifts the balance of power for T-Mobile customers and keeps more money in their pockets.”
For people in the world without access to traditional banks, these maps of where they can get financial services could be hugely important.
Check out the new $100 bill, which starts circulating tomorrow. It’s packed full of new security features.
It is not.
Tweeter Home Entertainment (TWTRQ) was a consumer electronics retailer that sold TVs, car radios, home theater systems, and the like at more than 100 U.S. stores. In 2007 it filed for Chapter 11 bankruptcy protection and had its assets sold to a new owner, who also filed for Chapter 11 a year later.
So why did shares of Tweeter stock jump more than 1500% this morning?
This infographic shows you why the rich stay rich.
Innovation expert Kaihan Krippendorff uses hip-hop star Drake’s path to achieving his goal of $25 million by the age of 25 to demonstrate his 30-minute strategy for reaching your goals.
1. After you are gone
This is an outcome you will not achieve in your lifetime but it is the reason you get up and push ahead every day.
Drake Example: To make genre-cracking music that connects emotionally with his audience.
2. The end
This is a picture (or vision) of what you will achieve or what you will become in the long-term, usually 3 to 10 years from now. Define 1 to 3 metrics, and their values, that will tell you that you have achieved your long-term vision.
Drake Example: To be known by Dec. 31, 2016, as one of the greatest musical artists in the world; to be indefinable, with music that crosses genres; to have multiple houses and a private jet.
3. The next chapter (12-18 months)
What must you achieve in the next 12 to 18 months to know you are on the path and by what metrics will you judge that the plot is unfolding as you desire?
Drake Example: To have released by Dec. 31, 2014, one of the biggest albums of the year.
4. Plot actions (12-18 months)
What 3 to 5 actions (or strategic priorities) will you focus on continuously for the next 12 to 18 months to reach this chapter’s conclusion?
Drake Example: Release best album yet; continue improving music and performance; launch successful tour.
5. The first scene (the next 3 months)
What 1 to 5 key metrics will you focus on in the next three months (and who is responsible)?
Drake Example: 15 songs recorded that he thinks are awesome; 120 total hours practiced.
[Drake Image: AP Images]
”I see the future but I live for the moment, make sense don’t it. Now make dollars, I mean billions. I’m a genius, I mean brilliant.”
—Pitbull, who is worth a mere $9.5 million.
On July 9, a Walmart representative told the Washington Post, that the retail giant would not pursue three planned D.C. stores if the city council’s living wage legislation—which would require major retailers to pay workers at least $12.50 per hour, instead of the current $8.25—passed.
At the center of Walmart’s case are arguments that have been made pretty much any time any city tries to raise the wage standard for its workers: that higher wages are anti-business and negatively impact consumers.
But really, much of Walmart’s historical fight against fair pay has been debunked.
Like the myth that higher wages means fewer jobs.
"Part of the reason why higher wages don’t mean fewer jobs," says employment analyst Jack Temple, "is because higher wages offset high turnover." When you pay people more, they tend to stick around, and that gets rid of costs in new hires and absenteeism.
Rising income inequality is getting more difficult to ignore. Inequality.is, an interactive website, walks you through the problem (and helps give you ideas about the solution).
Yep, Uber is offering $3000 on-demand helicopter rides to the Hamptons for the 4th of July…
[Images courtesy of Uber]
According to the Economic Policy Institute, in 2012, average CEO compensation among the 350 largest U.S. public companies was $14.1 million (including income from options), which was a 12.7% increase on 2011, and 37.4% jump over 2009.
Some economists explain this higher-than-the-highest phenomenon by saying that CEOs’ jobs are becoming more difficult, and that they therefore should be paid better. But the EPI favors a different explanation: that CEOs hold the reins of their organizations and can win the compensation that suits them.
“Knock it off. Knock off counting how much money you have and start thinking about what you’re doing with it. What you’re doing with your money and time is a lot more important than how much money and time you have.”