Posts by Nicole Goodkind
Nicole Goodkind at Yahoo Finance 3 days ago
This week in weird business news…
Instagram pics go for 100k
That selfie you’re about to post to Instagram could be worth way more than a few likes…$100,000 more. Controversial artist Richard Prince had an exhibit at the Gagosian Gallery in New York City where he showcased other people’s Instagram photos with an added comment or two from his account-- the exhibit was also picked to show at the prestigious Frieze Art Fair this month.
The only catch? The Instagram users received no compensation and weren’t even told their snaps would be used as art. Prince has long been a fan of “reusing” photos and been sued for these kind of antics in the past but apparently the photos fall under fair use.
A Chinese burger fit for the U.S.
Who wouldn’t want to grab a bite at a place called “Uncle Sam’s Famous American Burgers?” The Chinese burger chain just opened their first American location under the Empire State Building and plans to compete with long-established and well-regarded burger havens Shake Shack and Five Guy’s by creating burgers with Asian flavors like fermented black bean and Sichuan chili.
Bowser goes corporate
More weird news:
Nicole Goodkind at Yahoo Finance 4 days ago
Geopolitical risk is currently consuming American news and will likely be the principal issue during the 2016 presidential election. In all directions the U.S. is surrounded by global instability – from ISIS to Mexican drug cartels to Russia, the world at large will likely dominate headlines and political concern for years to come.
In his latest book, “Superpower: Three Choices for America’s Role in the World,” Eurasia Group founder and president Ian Bremmer argues that American foreign policy is incoherent at best. Over the last quarter-century, he says, there has been no clear rubric as to how to handle America’s superpower. If we don’t act now, we might lose that power altogether.
“Just last week we had President Obama invite all of our Gulf allies to come to a critical meeting on security and a week beforehand four of them decided they didn’t need to meet the president,” says Bremmer. “We’ve never seen anything like that before…U.S. foreign policy is in serious decline. It is very clear that Americans are discomforted by how troublesome the global environment is and how we’ve lost our credibility and our influence particularly with key allies around the world.”
Nicole Goodkind at Yahoo Finance 13 days ago
T. Boone Pickens has been in the oil business for 64 years. When he began his career at Phillips Petroleum (PSX) the average price of oil was just $2.77 per barrel ($25.20 adjusted for inflation). The so-called "Oracle of Oklahoma" turns 87 this month and doesn’t plan on slowing down anytime soon.
“I quit playing golf when I was 80 because I had macular [degeneration] and I couldn’t play like I did a few years before,” he says. “And I quit shooting quail when I was 80 for the same reason but I find that I’m still competitive working and I enjoy making money.”
Yahoo Finance asked him what he would tell a young person considering dropping out of school to go work in the oil and gas business. His response was uniquely Pickens.
“In 1949 my dad told me ‘you better get a plan.’ He said ‘a fool with a plan can beat a genius with no plan. Your mother and I think we have a fool with no plan.’”
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Nicole Goodkind at Yahoo Finance 17 days ago
This week in weird business news…
Instagram your cake and eat it too…
Picture this, you’re at a nice meal and you’re ready to dig in…But no, first you have to wait for your friend to take the perfect food pic to post to Instagram. Why taste your food when you can ‘gram it, right?
Well…Tel Aviv’s Catit restaurant and Carmel Winery are taking the food pic "epidemic" to the next level. In a project called Foodography, the restaurant has created dishware, designed to fit smartphones, to help you shoot photos of food. The restaurant also hires professional food photographers to come and teach diners how to best snap appetizing pictures. The “Foodography experience” comes with a prix fixe menu of photogenic food for $155.
War of the subs
It’s the war of the sandwich shops! People may be territorial about which sub they love the most, but one Chicago man took his passion for sammies above and beyond on Monday. After allegedly robbing a Subway shop at knifepoint, the man walked across the street to a Potbelly sandwich shop and purchased a sandwich. Police found the sub-lover dining in the store a few minutes later; he was detained and charged with armed robbery.
Swine swan diving
Nicole Goodkind at Yahoo Finance 18 days ago
The biggest problem with the job market may no longer be companies that don't want to hire, but young workers who learned the wrong skills and habits from their parents.
The so-called skills gap is getting more and more attention from economists and hiring experts. In its annual talent survey, Manpower Group reports that 40% of U.S. companies report difficulty filling jobs. The survey of more than 37,000 employers found that technicians are most in demand, followed closely by engineers. Mark Weinberger, CEO of EY (formally Ernst & Young) told Yahoo Finance he’s looking to hire 65,000 people this year but can’t find enough Americans with the appropriate skillset.
The skill gap starts young. A report by testing-company ETS found that Americans between the ages of 18 and 34 ranked well below average in literacy and numeracy when compared with the rest of the developed world. Young Americans are more educated than any generation in American history--yet young people elswhere are making even bigger strides.
Nicole Goodkind at Yahoo Finance 19 days ago
Jobs are back! The official unemployment rate is at 5.5%, a seven year low. Happy days are here again, right?
Well, not really. The labor participation rate is near a 37-year low and real wages have fallen or been stagnant for the past 35 years. Workers everywhere are doing more with less and 68% of U.S. employees feel disengaged with their jobs, according to Gallup. Things seem unlikely to get better soon. Mark Weinberger, CEO of consulting and audit firm EY (formally Ernst & Young), says large companies won’t be looking to hire for some time. “You’ve seen a lot of disruption from the oil price going way down, you’ve seen companies pulling back and laying off employees left and right,” he says.
There are bright spots. Weinberger points to McDonald’s and Walmart raising the pay of some employees as a sign fresh hiring may lead to a labor shortage. But “it’s very different by industry,” he says.
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Nicole Goodkind at Yahoo Finance 21 days ago
Additional reporting by Rick Newman
The White House is pushing the Pacific Trade Partnership, and they’re pushing it hard.
President Obama recently made a personal plea to about 30 Congressional Democrats – promising that if they supported the bill he would defend and campaign on their behalf, according to The New York Times.
The potential deal would form a partnership between twelve countries, including the U.S. and Japan, which account for 40% of all global output. Purposely excluded from the agreement is China. Obama is billing the agreement as a way for the U.S. to set the terms of trade in the Pacific rather than China.
Commerce Secretary Penny Pritzker joined Yahoo Finance at the 2015 Milken Institute Global Conference to help explain why the so-called TPP deal matters to ordinary Americans. In the video above, she points out that tariffs on U.S. food products exported to other countries range from 10% to 400%. Consumer goods exported from the U.S. can face tariffs of 30% or more.
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Nicole Goodkind at Yahoo Finance 26 days ago
This month marks the 50th anniversary of Moore’s Law, an observation made by Intel co-founder Gordon Moore in 1965 that computing would increase in power and decrease in cost at an exponential rate. Technically, Moore’s Law is about shrinking transistors and adding more of them to integrated circuits. “The more transistors you can get onto a chip, the more that chip can do,” explains Steve Brown, Intel’s futurist.
So where will Moore’s Law take computing next? “Being able to put computing into every object in our lives. Being able to make objects that are smart and connected and allowing you to change the nature of those objects to make them more useful for you,” says Brown. Brown gives the example of a smart teddy bear that can read a book to a child or a toothbrush that can check to make sure children are brushing their teeth correctly. “You can start to till computers into soil and measure from a farmer’s perspective where to water. If you’re in drought conditions like in California right now, that’s a big deal,” he says.
Nicole Goodkind at Yahoo Finance 27 days ago
U.S. oil prices have rallied about 20% this month, reaching around $57 a barrel. The gain comes as uncertainty and fighting in Yemen spark worries over potential disruptions to the global oil supply.
Energy entrepreneur T. Boone Pickens expects the rally to continue, predicting crude will reach $70 per barrel by the end of 2015 and $90 per barrel in the next 12-to-18 months.
“You see what happened to the rig count. It’s gone down from 1,600 rigs operating on oil prospects to 700. The Balkan has turned over and is in decline and the same thing is happening in Eagle Ford in South Texas,” Boone tells Yahoo Finance, referring to the recent decline in production of shale within the U.S.
“Just last Friday we had to draw on Cushing [Oklahoma] oil where we’ve stored 62 million barrels, so I’ll be right on this prediction,” he says.
Production of oil in North Dakota is now officially on a downtrend, with some analysts predicting supplies in Cushing will continue to fall, easing the U.S. oversupply of oil.
The Keystone Pipeline and renewable energy
OPEC vs. U.S. Shale
Nicole Goodkind at Yahoo Finance 28 days ago
Michelle Phan has 7.65 million YouTube subscribers and 1.1 billion views. She is the most popular female on the video-sharing site since beginning her beauty channel in 2006. Along the way, she has also launched a beauty and media empire worth a reported $100 million and has inspired many others to follow in her footsteps.
Phan tells Yahoo Finance that her videos have resonated with so many people because she starting posting to YouTube so early. “I started my YouTube channel in 2006 but I’ve been a public online figure since I was 16, back in 2003,” she says. “I was blogging and so because I had all that training and knew from the beginning how to communicate with my followers and grow my influence I had a better backbone when I launched by YouTube channel.”
Phan says what she does isn’t that special, and that anyone can do what she does—it’s about finding a topic that you’re passionate about and can focus on. “The Internet has widened the market space so much. Anyone online can find their niche audience and the idea of niche is no longer small. It can mean tens of millions of followers,” she says.
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