Posts by Siemond Chan
- The Exchange6 mths ago
Forbes magazine published its annual list of the world's billionaires on Monday. According to the list, there are 1,645 billionaires with an aggregate net worth of $6.4 trillion, which is a $1 trillion increase from last year. 268 of the 1,645 billionaires are new to the list, and there are 172 women in the mix. In the graphic below, we take a look at the top 20 from this list, and see how their net worth stacks up to the GDP of countries including the embattled Ukraine.
- Siemond Chan at Yahoo! Finance1 yr ago
Anyone wanting to invest in diamonds has a few options through which to do so – stocks, funds or the stones themselves.
With equities, miner Rio Tinto ( ), jewelry seller Tiffany ( ) and online diamond merchant Blue Nile ( ) are well-known names in the diamond arena. Funds such as and have some exposure to diamonds, while an exchange-traded fund, the , may be arriving soon. More exotic prospects include the U.K.'s .
But setting aside these alternatives, the most direct way to try and profit is to buy the diamonds directly. However, such a decision clearly can be intimidating for novice diamond purchasers. Along with questions about the pricing, a prospective buyer also would want to know about the origin of a given diamond, the expertise of a jeweler who's selling it, and how it measures up in terms of the "C's" – clarity, cut, carat weight and color. For the inexperienced, it would be completely natural to approach the entire process with trepidation.
- Siemond Chan at Yahoo! Finance1 yr ago
For kids, robots can be fun -- and educational, too. Many modern educators believe that getting kids involved in tinkering and building is the most powerful way to engage them in the world of science and technology. These days an increasing amount of entrepreneurs and businesses are recognizing the potential value of this in the marketplace. Brooklyn Robot Foundry is one of them.
Located in the Gowanus neighborhood of Brooklyn, New York, the Foundry provides workshops that aim to "inspire and motivate kids about the fun of building" by teaching the engineering concepts behind how robots move and work. The Foundry offers after-school programs for children in pre-K through 5th grade, as well as weekend classes and summer sessions. The Robot Girls Club allows parents to build robots with their daughters in a workshop environment; there are plans to expand this program to include boys in the near future.
Federal government data show that in 2011, Washington outlays totaled $3.6 trillion, while receipts came to $2.3 trillion. Of the receipts, $1.1 trillion came by way of individual income taxes. The spread between the two figures means the federal government was running a deficit of $1.3 trillion. Defense, Social Security and Medicare / Medicaid outlays likely will account for more than 60% of federal spending in the 2013 fiscal year. The chart below shows planned spending outside of those programs.
What should the government do to close the gap, or should it even do anything? The U.S. financial situation is at the center of the 2012 elections, specifically the race for the White House between President Barack Obama and Republican challenger Mitt Romney. So we want to give you a chance to weigh in with your thoughts on spending and the U.S. economy.
- Siemond Chan at Yahoo Finance1 yr ago
Americans are forecast to spend $8 billion on Halloween this year, according to the National Retail Federation, shelling out for things like pumpkins, candy, costumes, fake cobwebs and zombie masks. And, of course, haunted houses. With their Hollywood-style effects, haunted attractions have gotten increasingly sophisticated and in-your-face over the years. “Killers: A Nightmare Haunted House,” opened last month on New York City’s Lower East Side, promises just that. Created by Tim Haskell and produced by Steve Kopelman, “Killers” takes a theatrical approach to the standard haunted house theme and plays on our fascination with serial killers. Jack the Ripper, Ted Bundy, Jeffrey Dahmer, the Zodiac killer, and even Dexter from the Showtime series make an appearance in the show. We visited the “Killers” exhibit and spoke with Kopelman about the burgeoning haunted house industry and his strategies for creeping people out. How did you get in to this business? I've been producing haunted houses for about 30 years now. Years and years I've been on the road with the Stones and The Who, and I helped with merchandising for rock bands. I drove by a haunted house, and I thought "this is interesting." I've always wanted to get in to Hollywood movies and stuff, but never had the funds to do something like that. So I said, "Hmm, maybe producing a haunted house would be the next best thing." I've been doing it as my primary source of income for the past 30 years.