Posts by Siemond Chan
- The Exchange1 mth 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! Finance11 mths 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.