Startups achieve astronomical valuations in exchange for protecting new investors
Snapchat, the photo-messaging app raising cash at a $15 billion valuation, probably isn't actually worth more than Clorox or Campbell Soup. So where did investors come up with that enormous headline number?
The global sustainable investment market has grown substantially in both absolute and relative terms, according to The Global Sustainable Investment Review 2014, a report released by the Global Sustainable Investment Alliance (GSIA).
Global sustainable investing assets under management (AUM) rose 61%, from US$13.3 trillion at the start of 2012 to reach US$21.4 trillion at the start of 2014.
Imagine vast and beautiful savannah grasslands as two million wildebeest migrate from the Serengeti National Park in the Mara region of Tanzania to the Maasai Mara National Reserve in Kenya. This trip is 3,000km in length, and represents, in many ways, the very best of what Africa has to offer the international community. But is this all Kenya puts on the plate? The answer is a definitive “no”. Kenya is moving from a frontier market to an emerging market, and is beginning to attract investment from all over the world.
“Why Richard, it profits a man nothing to give his soul for the whole world — but for Wales?” — Thomas More, in “A Man For All Seasons”.
Even the long-term unemployed are starting to find work.
But how strong is the jobs recovery, really?
Trevor Parkes has been through the tunnel called unemployment in post-recession America and come out the other side. In the summer of 2013, he moved from Texas to Tennessee so his family could be closer to his wife’s parents. But when his new job evaporated with a layoff after just four months, Mr. Parkes was in trouble: unemployed in a difficult job market, edging toward age 50, and with two kids moving through school.
An African boom in building roads and railways should unclog economic bottlenecks, but is it sustainable?
ORANGE lights flash in the setting sun as Chinese workers lay train tracks on the dry edge of Tsavo national park in Kenya, lowering a 25-metre steel rail into place as gingerly as a dental filling. The men fret, with good reason: safety rules may protect them against falling sleepers but the African bush adheres to no regulations. Few workers dare to venture out of their sheet-metal camps at night for fear of big cats on the prowl: in January a watchman was mauled by a cheetah.
Growing up in Cuba, Jose Pimienta didn’t see the Internet until 2006. He and his friends taught themselves computer programming with a Russian textbook on the Pascal programming language that had been translated into Spanish. Even in university, when he finally had access to the Internet, Pimienta, now 27, was limited to 20 megabytes per month of data — a small fraction of what fits on a thumb drive today.
How the American opiate epidemic was started by one pharmaceutical company.
The state of Kentucky may finally get its deliverance. After more than seven years of battling the evasive legal tactics of Purdue Pharma, 2015 may be the year that Kentucky and its attorney general, Jack Conway, are able to move forward with a civil lawsuit alleging that the drugmaker misled doctors and patients about their blockbuster pain pill OxyContin, leading to a vicious addiction epidemic across large swaths of the state.
The worst part of being a beekeeper us pulling out the honey-laden frames from the box and tearing them up to get the honey. The bees hate it and so do I. That's why this new hive design, called Flow, is so cool.