The London Metal Exchange (LME) has ordered Goldman Sachs, which owns a massively controversial 19-building metals warehouse in Detroit, to boost the rate at which it delivers metals for physical transfer.
Value Blog
Goldman Sachs' Roach Motel for metals in Detroit
July 18th, 2011 | Source: Fierce Finance
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The Golden Cocoon of FIFA’s Ruling Body
July 17th, 2011 | Source: NYT.com
The titans of international soccer are used to pampering. Motorcades. Police escorts. Five-star hotels. Lavish dinners. Cash allowances of $500 a day, and an additional $250 for their wives or girlfriends.
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Chevron Bets on $30 Billion Volcanoes Beneath Rainforest
July 15th, 2011
Chevron Corp. drilled 84 wells to a depth of two miles beneath the Indonesian rainforest to tap steam, not oil and gas that are trapped in the world’s richest store of volcanic energy.
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Rare earth prices soar as China stocks up
July 14th, 2011 | Source: FT.com
A recent crackdown by Beijing on rare earth mines and restrictions on exports have caused chaos in some of these markets.
Japan and the US, the world’s biggest importers of rare earths, have repeatedly voiced concerns to China, while complaints from industrial users of rare earths have been growing.
Last year, China cut their exports by 40 per cent and temporarily banned exports to Japan during a political dispute.
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The World’s 50 Most Valuable Sports Teams
July 13th, 2011 | Source: Forbes Blog
The NFL has grown explosively over the past 25 years as TV revenue jumped 700%. The league’s 32 teams now divide $3.8 billion annually under the current round of broadcast deals, which expire after the 2013 season. With ratings at record levels, the next TV contracts are bound to be even more lucrative. Teams that were selling for $70 million in the mid-1980s are now worth $1 billion on average.
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How Harry Potter Became A $15 Billion Brand
July 13th, 2011 | Source: Business Insider
Fourteen years, seven books and blockbuster films later, the Harry Potter brand, valued at over $15 billion, is still going strong.
Over 400 million copies of the Harry Potter books have been sold worldwide and translated into 67 languages, making Rowling the first billionaire author.
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Lobbying groups spend big when lawmakers are honored
July 12th, 2011 | Source: Sunlight Foundation
Honorary fees top $50 million over past two years
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The Future of Africa | A Multi Book Project
July 11th, 2011 | Source: Africa Unchained
Co-Founded by Diaby Mohamed of Kamos Limited, the The Future of Africa Project states the following:
Desperate efforts by governments to widen the socio-economic factors in Africa are likely to become a fiasco if adequate attention is not given to creative successful entrepreneurs.
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Let’s do away with CSR
July 10th, 2011 | Source: marcgunther.com
Maybe it’s time to do away with corporate social responsibility (CSR).
Not merely the words and the idea but the infrastructure: CSR departments, CSR reports, CSR conferences and CSR executives.
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Life after Capitalism
July 8th, 2011 | Source: Project Syndicate.Org
In 1995, I published a book called The World After Communism. Today, I wonder whether there will be a world after capitalism.
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Value is the only commonality in an increasingly complex, challenging and interdependent world.