1) Has JPMorgan become a 'piñata bank'? (CNBC) - It sure looks that way. At the very least they're the flavor of the month over at the DOJ and SEC.
2) Ackman Takes Big Hit With J.C. Penney Sale After Grand Plan Fails (Forbes) - I'd love to interview Ackman, and one of the first questions I'd ask him is, "How does it feel to lose a half billion dollars on one transaction?" Because I'd really like to know.
3) Angela Merkel says Greece should never have been allowed to join the euro (The Independent) - So this has the Greeks up in arms, which is strange because Merkel isn't saying anything the whole world hasn't known for a decade now. Greece fudged the numbers to sneak into the Eurozone - it ain't exactly headline news.
4) This $7,000 Master's Degree Is Scaring Colleges (Business Insider) - It's happening. The first legitimate, recognized, all-online masters degree for a fraction of the cost of sitting in the classroom. When this college bubble bursts, it is going to be brutal.
5) Average cost to raise a kid: $241,080 (CNN Money) - What are you going to do with all the money you saved on your masters degree? Pollute the planet with your wretched progeny, of course! And you can forget about that quarter million dollar average price tag. Nobody on WSO wants an average kid. Your figure is closer to a million. Or you could just enjoy your life. Your call.
6) Theories on Why Women Don't Enjoy Succeeding at Work as Much as Men Do (The Atlantic) - This is pretty interesting stuff. I knew men and women were wired differently, but is it possible that success just doesn't excite women the same way it does men?
7) Serial Entrepreneurs – The Founders Who Pursue Multiple Opportunities (Funders & Founders) - If you liked Jared's piece on Elon Musk yesterday, you're gonna love this infographic. Billionaires are cool.
8) Inside the World's Most Dangerous Amusement Park (Mashable) - This is hands down the best thing you will read/see this week. I'd love to hear from any of you who were old enough to visit "Traction Park". It sounds awesome.
9) The Gangster in the Huddle (Rolling Stone) - This exposé on the Aaron Hernandez case will leave you breathless. It sure sounds like they've got him dead to rights on at least this murder.
10) Report: Cranston Cast as Lex Luthor (Daily Beast) - This has yet to be confirmed, but if true it represents one of the best castings in recent Hollywood memory. Even if it isn't, it got all the haters to focus on something other than Ben Affleck wearing the cowl. It even led to a
.Video of the Week:
The video of the week this week is a TED talk which dovetails pretty nicely from my post about Facebook on Wednesday. The speaker asks the question, "Why does everyone hate the millennial generation?" and then goes on to compare my generation (those born between 1960-1980) and your generation (1980-2000). I have to agree with his conclusion: we're basically a bunch of cynical dicks, and you guys are pretty cool overall.
That's it for this week, guys. Let me know what you think in the comments and enjoy the long weekend!
It's not news to the world, but its pretty astonishing that she finally had the balls to say it. Next: Round 2 of Greece asking for reparations for World War 2 and their suffering from the Nazis.
I wasn't old enough to go to Action Park, but my three older brothers use to go when they were younger. They said it was the most fun place they could go to as kids, and they never left without someone bleeding.
For #4, the 1 year MBA at HEC Montreal only costs 7k for Quebec residents and its a pretty good school
Action Park looks like the tits.
ITF, re:#5, I have three kids, but Eddie is right lol. I love 'em to death, but man.... It's like an 80s trading floor in my house.
In regards to #2, there is still just something about Bill Ackman that I love. Maybe it's how much I enjoyed "Confidence Game" but he just strikes me as so very interesting.
9) Crazy some of the shit that goes on in professional sports. I really can't believe some of the stuff that he got away with in regards to drug testing. How can a pro athlete be doing angel dust and still be allowed to play?
I heard that #10 is false, and that some fan website put this news out... still would pretty cool, and who knows, it might turn into a self-fulfilling prophecy in the end.
I've avoided the TED bandwagon for some time but watched about 20 hours worth this week. They're pretty cool. I'm half millenial, being born right on the changeover, and I don't really get what all the fuss is about....this video kind of put things in perspective.
It's pretty clear that they have very good circumstantial evidence, but I don't think they're going to get anyone to testify that he pulled the trigger. If that's the case, his legal team should be able to get him off of Murder One. I'm no legal expert, but this seems like a disaster waiting to happen.
I'm actually quite amused you yanks think action park is a that scary. We have the equivalent of that in Australia (called Jamberoo Action Park), same rides, less sooking about how 'scary' it is.
Fuckin' A, we got Crocodile Dundee up in here
Saw the Action Park piece earlier in the week. A bunch of buddies from the East Coast had been to it and one credited the loop slide with his first ever broken nose...sad I never got to experience the mayhem
Eddie, I'm curious if you read this article from the Washington Post:
http://www.washingtonpost.com/blogs/wonkblog/wp/2013/08/27/the-tuition-…
Personally I don't think his argument against signaling was strong enough to convince me. In my opinion, college admissions counselors should start working for corporations and safe everyone a bunch of time and money.
The key to breaking the cycle of students and parents bankrupting themselves to obtain a degree of dubious value really rests with employers. When employers drop the more or less arbitrary requirement of a "degree" and instead focus on applicants' actual skills then you'll see the traditional university model become obsolete.
And it won't be too soon.
@Scott Irish: Yes, but you enjoy your life, don't you? :-)
I want to go to Action Park.
@In The Flesh absolutely, the little devils are worth every penny!
Boom.
The cost of raising a prince:
http://money.cnn.com/2013/07/23/news/royal-baby-costs/index.html?iid=EL
"There is a Superman. Earth's true enemy... We will seek out and find this enemy, and we will destroy it." "Man of Steel 2: Superman vs Batman Trailer 2015 (Ben Affleck)":
I like the one I linked to a little better, but these fan-made trailers are getting unbelievably sophisticated. Who has that kind of time???
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