“David from New York is calling about the problems with baseball’s business. On Opening Day?” “First-time caller, longtime listener. Red Sox — Yankees is a great rivalry, but these are rich teams. The big guys shelled out $400 million in revenue sharing last year to seven small-market clubs. The Pittsburgh Pirates used some of their $35 million to pay down debt. Does that make them better on the field?” “This will be big in 2011 when the labor agreement is up. But for now, enjoy the return of baseball, will ya? On Opening Day, every team still has a shot.” — DAVID LIDSKY sun, april 04 TALK Have an event to share? Email calendar[at]fastcompany[dot]comFC Now Blog or Calendar App for more events. advertisement advertisement advertisement … [Read more...] about MLB Opening Day
Yankees red sox brawl
Higher agriculture losses and flood claims across India pulled down the September quarter (Q2) numbers of reinsurer General Insurance Corporation of India (GIC Re) and pushed it into the red with Rs 595.45 crore net loss for the period.The reinsurer had posted a net profit of Rs 513.84 crore for the same quarter previous year.The underwriting losses increased to Rs 2,373.25 crore in Q2 compared to a loss of Rs 2,264.88 crore a year ago. Consequently, the combined ratio rose to 111.3 percent for H1FY20 compared to 110.3 percent in the year-ago period.Close Combined ratio is a reflection of whether the premiums collected versus the claims paid. A ratio below 100 percent indicates that an insurer is making underwriting profit or in simple terms premiums and claims are proportional. related news Sundaram Finance posts Rs 269 cr net profit in July-Sept Novartis buys Aspen's Japanese generic unit for up to 400 million euros OLX Group to invest up to $400 mn in FCG All segments … [Read more...] about GIC Re slips into red with Rs 596 crore net loss in Q2
For more than three decades, Ron Paul has advocated for returning the U.S. economy to the gold standard. Now the idea is starting to take hold. In March 2011, Utah became the first state to change the legal status of gold and silver from assets to currency, meaning their exchange can no longer be taxed. And they can, in theory, be used to buy stuff. As of press time, the Missouri senate was nearing a vote on a bill of its own, and the movement is gaining steam in South Carolina. In total, 13 states have introduced gold and silver legislation in the past year. Since it’s unlikely people will begin toting gold bars to the pharmacy, the most-discussed model for purchasing goods with metals is with a debit card issued by gold and silver depositories. By being linked to the fixed value of the metals, the gold-standard model could prevent devaluation of personal wealth due to the printing of more paper money by the Fed. But the arrangement also risks torpedoing another institution: … [Read more...] about Red, White, Blue, And Gold: Should America Revert Back To The Gold Standard?
When we visit various social networking sites, we’re usually not just popping in for a quick pit stop in our web surfing. More often, we’re constantly revisiting them while we’re online to see what’s new. But that requires us to either close and reopen the same window over and over or permanently keep a tab open to that specific site, neither of which are very elegant solutions to navigating an increasingly social web. advertisement advertisement So Mozilla has released a beta version of what it’s calling the open Social API, which provides a way for you to plug into your favorite social sites–starting with Facebook Messenger–without interrupting your web browsing. “Social sites aren’t like other Web applications. Rather than being focused on a particular task, we use social sites throughout our day: we check back for updates, we chat with friends, we share,” Mozilla explained in a blog post yesterday. The Facebook … [Read more...] about Mozilla’s New Social API Lets You Bring Facebook Along Wherever You Surf The Web
Giving to charitable organizations is awesome, but donors are often left wondering how much of their hard-earned cash is actually going to the cause. Donations to the Red Cross after Hurricane Sandy, for example, are much more likely to go toward blood services than to rebuilding storm-torn cities. advertisement advertisement HopeMob, a kind of Kickstarter for charitable giving, hopes to change all that. Today they announced a new free-to-use online platform for charitable giving. In the past, donation platforms have skimmed 2 to 15 cents off the top of each transaction. HopeMob will cover the processing costs of any donations, making sure that every dollar donated to a cause actually goes to that cause. Shaun King, HopeMob’s founder, got his start using social media for good when he started a church in downtown Atlanta in 2008. He promised that a local school would get uniforms and toys for students, and he took to Facebook and Twitter to raise the funds. … [Read more...] about A New Platform For Real Charity Online