Greece has voted “No” in a referendum on whether to accept the latest bailout terms from its European creditors. So what happens next? In a note to clients on Sunday afternoon, Brean Capital strategist Peter Tchir writes simply: “We are entering new territory here.” The future for the euro, Greece, and what happens in the […]
BEIJING (Reuters) – Dismayed by the millions of unsold homes in China’s troubled real estate market, the Chinese government is taking matters into its own hands: by buying some properties and turning them into public housing. Like a white knight riding to the rescue of distressed developers, a handful of local governments are snapping […]
Greece has voted a resounding “No” in its referendum on whether to accept the latest bailout proposal from its European creditors. And for Nobel Laureate and New York Times columnist Paul Krugman, this is a win for all of Europe. “Tsipras and Syriza have won big in the referendum,” Krugman wrote on Sunday, “strengthening their […]
Four polls said the Greek referendum was supposed to be “Knife Edge” close. Instead, Greece Heads for Decisive No Vote. With 85 per cent of votes counted, the No camp had won 61.5 per cent and was leading in every region of the country, a remarkable political exploit by Greek prime minister Alexis Tsipras. But […]
LONDON (Reuters) – European stock and bond markets are set to take a sharp hit on Monday after Greece voted ‘No’ to harsh bailout conditions, and bankers said the European Central Bank’s response was now key to the extent of contagion.
Rating agency Moody’s Investors Service recently changed its outlook on BP plc (ADR) (NYSE:BP) from negative to positive. Following the revised rating, the company stock was up 5.17% Friday, and is expected to move further in a positive direction when trading resumes Monday. The agency announced that it now has a positive outlook on the […]
If you were in New York last night, you might have noticed the Empire State Building flashing a bunch of colors on and off. You probably figured it had something to do with the 4th of July.
You’re partly right. In fact, the display was synchronized to a live performance more than 1,000 miles away, in Chicago. The surviving members of the Grateful Dead are playing a series of farewell concerts at Soldier Field — the site of their last shows in 1995 before founding guitarist and band leader Jerry Garcia died — and the encore last night was a song called “U.S. Blues.”
According to Rolling Stone, the Empire State Building’s lighting director Mark Brickman worked with the band to coordinate a light show that went with the band’s performance. Video of the light show was displayed to the crowd of Deadheads in Chicago.
If you missed it, you can tune in for a repeat tonight at 9pm ET. You can listen to the song on radio station 104.3.
Here’s what it looked like, synced with the original version of the song.
Greece doesn’t mean a lot to the US economy. However, the tiny country in the periphery of the eurozone has hijacked the headlines with its financial problems. With Greece now missing debt payments while edging closer to exiting the euro currency, the story has never been more compelling. But economists agree: Greece is not a […]
The ‘No’ campaign for the Greek referendum whether to accept its creditors’ proposals is heading for a decisive win with 61.5% of votes compared with 38.5% ‘Yes’ votes so far, having counted 85% of votes.
Greek PM Tsipras states that Greece will resume negotiations with its creditors’ tomorrow in a hope to restore the banking system and will aim to discuss restructure of debt, while there were also comments from the Greek deputy finance minister that the referendum results is a message that Greece is saying yes to Europe and the Euro but no to bailout proposals.
German economic minister Gabriel has stated that it is hard to see discussions over a new bailout programme with Greece after the country has clearly rejected bailout proposals in the referendum, while Merkel and Hollande have agreed that the decision must be respected and call for a summit for July 7th of Euro area leaders,. Elsewhere, JP Morgan and Barclays add that the base case is for a Greek exit.
ECB’s Coeure says that the central bank is willing to act further if necessary to strengthen the European economy and increase inflation amid concerns of high unemployment and vulnerability to shocks. (Il Sole 24 Ore/Capital GR)
UK Chancellor of the Exchequer George Osborne expresses that he is targeting tax cuts as opposed to higher wages in an attempt to increase household income for the lowest paid. (FT)
The Securities Association of China announced on Saturday that 21 of the nation’s major securities brokers vowed to “firmly” stabilize the country’s stock market with 21 brokers planning to spend at least CNY 120bln or 15% of total net assets on blue chip-based ETFs.(China Economic Net/en.People.cn)
China’s securities regulator CSRC announced it will cut the number of initial public offerings and restrict the amount of funds to be raised in order to prevent a liquidity drain and also approved a CNY 76bln injection into the state owned China Securities Finance Co. which provides margin loan services to brokerages. (China Daily)
China’s State Council approved on Friday an insurance investment fund valued at CNY 300bln to aid projects such as infrastructure and housing redevelopments. (China Economic Net)
The PBoC is said to have extended its 6-month medium-term lending facility given to 11 banks valued at CNY 250bln. (China Economic Net)
Dan Diebold of Denver has unveiled photographs of an unusual Nintendo-Sony PlayStation console, which he claims was his father’s “super-disk” prototype for the popular gaming consoles. With pictures and comments trending over Diebold’s discovery on Reddit, excited gaming fans have finally seen an unfinished project – one that was supposed to be completed by Sony […]
Firstly, he sees the the role of a manager as someone who tells others to do things, whereas a leader inspires others to do things greater than any demand could produce.
He broke down three functions of an inspirational leader.
They are clear about their company’s vision.
Weiner said LinkedIn employees know the company strives to enhance the productivity and economic opportunity of everyone in the world, pushing them to constantly reach more people.
Fred Kofman, LinkedIn’s VP of leadership and organizational development, was also on the panel and said he has a visual metaphor for how he sees Weiner.
Most CEOs sit at the front of a boat and tell their employees where they need to row; Weiner grabs a surfboard and catches a huge wave, inspiring everyone behind him to do the same. The surfers are all riding the same wave, sharing the same vision, but are putting much more of their heart and personality into their work than the grunts in the rowboat.
They are brave.
Weiner said it’s necessary to have courage because “if you have true vision and you want to try something that hasn’t been done before, there’s gonna be a lot of naysayers, there’s gonna be a lot of skeptics, there’s gonna be a lot of people who feel threatened and try to get in your way.
“You have to feel it deeply to be able to overcome those challenges and for people to want to follow you. And if you’re not authentic in that belief and you don’t have true conviction, they’re not gonna be behind you,” he said.
“The more people you’re responsible for, the more your words and the way you communicate those words and your body language and essentially everything you do is taken into consideration by the team,” he said.
“You have to be that much more aware of the way in which you’re coming across. And I think the best leaders maintain awareness of their environment and in real time can course correct. It doesn’t matter if they’re in a one-on-one, a staff meeting, an all-hands, or speaking to thousands of people at a keynote. They are always aware of the way they are being received. They can course correct so they can ensure that what they’re saying is resonating and that it’s bringing people together.”
At the Wisdom 2.0 Conference, Weiner said that if as a leader you are able to incorporate these three aspects into your role, then the job just becomes “a matter of what objective you’re trying to achieve and then surrounding yourself with the best talent you can.”
WELLINGTON (Reuters) – The euro fell sharply on Monday after Greeks looked to have overwhelmingly rejected the austerity measures demanded in return for bailout money.The euro fell about 1.4 percent against its U.S. counterpart to $1.0955 , and by 2.1 percent against the yen to 133.50 yen .The dollar rose 0.6 percent to 122.05 yen […]
Nolan North, the voice actor for the character Nathan Drake – for Sony Corp’s (ADR) (NYSE:SNE) PlayStation 3 – recently spilled the beans on “Uncharted 4,” and “The Last of Us 2″ at Metrocon 2015. Answering a question about Uncharted, he stated: “I don’t know when they are going to get to it.” There has […]