Plate tectonics 250 million years ago

Share to Twitter Share to Linkedin Today in Geneva, concurrent with the Watches & Wonders Geneva 2023 exhibition, Jacob & Co. unveiled its $20 million Billionaire Timeless Treasure Yellow Diamond watch that is a complex tourbillon timepiece totally ensconced in 425 Asscher-Cut Fancy Yellow and Intense Yellow diamonds. The feat of simply collecting and cutting all of the highest color and quality of matching diamonds alone was three-and-a-half years. This is not the first Billionaire watch the brand has built. In fact, in 2015 it released its first Billionaire watch bedecked with 260 carats of white diamonds. Three years later, in 2018, F loyd Mayweather bought a Billionaire watch (only 21 have been made since 2015, with all of them selling except for one) for $18 million. The brand then unveiled, also in 2018, its $ 6 million yellow diamond Millionaire watch with 127 carats of intense yellow diamonds. But that wasn’t enough for this … [Read more...] about Jacob & Co. Unveils $20 Million Billionaire Timeless Treasure Yellow Diamond Watch

Share to Twitter Share to Linkedin MicroStrategy added $150 million worth of bitcoin to its stash at an average price per coin of $23,238 in February and March, generating an 18% gain over the past few weeks. The Tysons Corner, Virginia-based company sold equity to pay for the crypto and also to extinguish debt to Silvergate Bank. The business-software maker and bitcoin investor also freed up 34,619 bitcoins (BTC) of collateral used to back a $161 million term loan, according to a filing with the U.S. Securities and Exchange Commission, by repaying Silvergate, the crypto-focused bank based in La Jolla, California that is winding up its business after a run on deposits. The floating-rate loan was scheduled to mature in March 2025 and bore interest at a rate of 8.27% a year as of Friday, when the payoff was executed. The most recent purchases of 6,455 bitcoins brought MicroStrategy’s holdings to about 138,955 BTC, worth $4.14 billion and acquired at an … [Read more...] about MicroStrategy’s $150 Million Of Bitcoin Purchases Catch Rally, Jump 18%

Share to Twitter Share to Linkedin Almost a decade of conflict has devastated the lives of millions of children in Yemen. UNICEF and partners are providing urgent humanitarian aid. As the war in Yemen stretches into its ninth year, children remain caught in the crosshairs. More than 11,000 children were killed or seriously injured between March 2015 and November 2022, according to UN-verified reports. Fierce conflict, economic collapse and a crippled social support system have left 11 million children across the country in need of one or more forms of humanitarian aid. Thousands of children killed or injured, millions suffering from malnutrition The conflict has also exacerbated the country's ongoing malnutrition crisis: 2.2 million children are suffering from acute malnutrition; more than 540,000 under age 5 have been diagnosed with severe acute malnutrition, a life-threatening condition if not treated urgently. “The lives of millions of … [Read more...] about UNICEF: After 8 Years Of War, 11M Children In Yemen Need Humanitarian Aid

Divya Karyza, Wahyoe Boediwardhana, Suherdjoko (The Jakarta Post) PREMIUM Jakarta   ● Tue, March 28 2023 The government has decided to import 2 million tonnes of rice in 2023 to replenish diminishing government rice reserves (CBP) needed to stabilize prices at the consumer level, with 500,000 tonnes to be delivered “as soon as possible”. The move has sparked a backlash from smallholders in producing regions, fearing the import would bring down farmgate prices and hurt local farmers. The amount marks the largest CBP import during President Joko “Jokowi” Widodo's 10-year tenure after a 2017 decision that brought in 1.8 million tonnes of rice. to Read Full Story SUBSCRIBE NOW Starting from IDR 55,500/month Unlimited access to our web and app content e-Post daily digital newspaper No advertisements, no interruptions Privileged access to our events and programs Subscription to our newsletters We accept Register to read 3 … [Read more...] about Two million tonne rice import plan puts govt on tightrope

Share to Twitter Share to Linkedin What Happened It has been a rough 2022 for cryptocurrency holders who had to face the collapse of luna and its associated stablecoin terraUSD, the meltdown of several digital-asset exchanges, and a brutal financial winter that cut the market value of all coins and tokens to $800 million from the January high of $2.4 trillion. With the year coming to an end, U.S. investors–most of whom are likely to be sitting on losses – have some room to optimize their tax situations and get ready for the upcoming filing season. Anyone following crypto knows how volatile the market can be. Forbes CryptoAsset & Blockchain Advisor looks at the universe of viable crypto assets with proprietary analysis and insider crypto knowledge to guide you to the best choices. Key Concepts Below are some strategies and best practices you can follow before the end of the year to save on taxes and have a smoother filing experience in … [Read more...] about Year-End Tax Tips After Crypto’s Dismal 2022

Share to Twitter Share to Linkedin Michael Saylor’s new job looks a lot like his old job: adding bitcoin to the balance sheet of his business-software company with religious fervor. “I'm a bitcoin maximalist, I happen to believe that bitcoin is an instrument of economic empowerment, it'll be beneficial to eight billion people,” Saylor told Forbes in an interview. “I also happen to believe that bitcoin is unique,” he continues, because of “the Immaculate Conception, decentralization, and its commodity status. All of these things make it the superior asset in the space.” The Immaculate Conception he means is the founding of bitcoin, as explained in a 2008 white paper by one or more people using the name Satoshi Nakamoto. Saylor stated that bitcoin is the only crypto asset which is truly decentralized and without an issuer. He backs bitcoin as a corporate investment in part because he believes there is regulatory agreement among U.S. regulators that bitcoin … [Read more...] about Bitcoin ‘Maximalist’ Saylor Makes Crypto His Only Job

Share to Twitter Share to Linkedin Luxury Italian bedding and lifestyle brand SFERRA is opening a 2,600-square-foot store, its first physical store, in Manhattan’s Flatiron District, in a three level Italiante-style townhouse. While the brand is long on history – it was founded in 1853 – it’s store is designed to be an experiential retail center. With three-floors to explore, the Townhouse gathers all of SFERRA’s product lines under the same roof. That includes bedding, bath, down, robe, and loungewear; tabletop; rugs; decorative accessories, and gift collections. The latter features one-of-a-kind items sold exclusively at the Flatiron District Townhouse. The store showcases SFERRA’s collections in an elevated space that echos a comfortable New York City home. Displays of SFERRA products from the early days, and spanning 130 years are showcased throughout the Townhouse alongside recently launched items. The merchandise will allow guests and designers … [Read more...] about SFERRA Is Unveiling Its First Physical Store, In An Italiante-Style Townhouse In New York City

Share to Twitter Share to Linkedin Experts attribute that the fascination with Japanese food in the U.S. started in New York City back in 1964 when wrestler turned restaurateur Hiroake “Rocky” Aoki launched Benihana. Its hibachi steak was prepared right in front of guests on a grill at the table and created quite the stir. In fact, Benihana is still going strong with about 75 eateries in about 25 states. Since then, a slew of Japanese restaurant chains such as Jinya Ramen Bar and Kura Sushi, regaled for its serving sushi on its revolving conveyor belt, have flourished in the U.S. But the Japanese restaurant chain that has been most adept at expanding has been Teriyaki Madness, based in Denver, Co. It has grown due to the power of franchising since 129 of its 130 restaurants are franchised. For example, in 2022 it expanded by 29 locations; every one of which was franchised. Of those 130 locations, 126 of them are based in the U.S., spanning 26 states. … [Read more...] about Teriyaki Madness: Building A Japanese Restaurant Powerhouse Through Franchising

The turmoil in the U.S. banking sector has had a negative impact on the market for initial public offerings (IPOs) . IPOs raised just $19.7 billion this year, down 70% from a year ago, according to Bloomberg data. That is the lowest level since 2019. Of that, just $3.2 billion has been raised through IPOs in the U.S. Shareholders and companies were quick to sell stock early in the year to take advantage of the stock market rally. However, that rally largely fizzled as the Federal Reserve continued to ramp up interest rates to cool inflation. The problems in the banking sector following the collapse of Silicon Valley Bank have also had an impact on companies' IPO plans. Secondary offerings have been the sole bright spot, raising $76 billion this year, a 48% increase from a year ago. Companies like electric vehicle maker Rivian have also turned to convertible bonds to raise money more cheaply. Some $6.4 billion in convertible bonds have been issued globally so far this … [Read more...] about Global IPO Fundraising Slows, Weighed Down by Banking Sector Turmoil

Share to Twitter Share to Linkedin Jonathan Dash is founder of Dash Investments . As CIO, he is responsible for the firm’s Investment Management and Asset Allocation decisions. Last year's stock market performance was not what anyone would have wanted, but it was to be expected. For those keeping score, it was the largest yearly decline since 2008 . That could be catastrophic for someone who initially invested in January 2022 with just a one-year time horizon. But most investors don't invest for a one-year period. They invest with their sights set on a long-term goal 10, 20 or 30 years out. But even for someone who started investing just three years ago, their average annual return at the end of 2022 would have been 8.22% . For someone who began five years ago, their average annual return would have been 9.11% . A 10-year horizon ending in 2022 would have generated a 12.4% average annual return. You see where I'm going with this. In a … [Read more...] about Putting The 2022 Stock Market Decline In Perspective