How to Embrace the Sharing EconomyThere’s a whole crowd (or Uniiverse, as it may be) of consumers now actively participating in the so-called “sharing economy.” The idea is that people are increasingly interested in borrowing – or renting – anything from power tools to spare bedrooms to baby clothes to bicycles, so they don’t have to... Continue Reading →
How America’s Startups Are Creating a Culture of Collaboration
How America's Startups Are Creating a Culture of CollaborationWe're learning to share. Well, at least our entrepreneurs are. It's catching on -- that sharing (to use the phrase, "is also caring") -- is actually stimulating our economy, creating jobs, and launching small businesses based on this premise. It's called collaborative consumption, and more and more... Continue Reading →
RAP NEWS 16: OBAMA v ROMNEY
Juice Rap News - Episode 16
Jill Stein, Green Party candidate for President gets arrested at debate.
http://www.youtube.com/watch?v=nKwwPVO8bNk&feature=youtu.be
Green Party candidate Jill Stein and her vice presidential running mate Cheri Honkala were arrested at the Hofstra University debate site today as they protested their exclusion from the second presidential debate. Stein and Honkala were jailed for disorderly conduct around 3 p.m. when they were blocked by police officers as they attempted to enter the debate hall, according to Stein’s campaign manager Ben Manski. Manski said that it was unclear when they would be released, but they could remain jailed until midnight. The Nassau County Police Department said that it was unclear when Stein and Honkala might be released. “The arrest was outrageous and shouldn’t be tolerated in a country that is a leading proponent of democracy,” Manski told ABC News. “They knew that there was the possibility that they would be arrested. Their intention was to enter the premises and bear witness to the mockery of democracy that is tonight’s debate,” he said. The Green Party has long complained that the Commission on Presidential Debates attempts to “rig elections” in favor of the two major political parties by excluding third party candidates from debates. Stein and Honkala also planned protests at the first presidential debate in Denver. Stein, a licensed physician, is on the presidential ballot in 38 states or 85 percent of the ballots, her campaign says. The Commission on Presidential Debates was formed in 1987 to administer general election debates. In addition to the constitutional criteria to be eligible for the presidency, the Presidential Debate Commission requires that candidates have a mathematical possibility of achieving the 270 electoral college votes necessary to be elected, and the candidates must have at least 15 percent support in public opinion based on the average of five national polls in order to participate.
Candy Crowley Reins In Obama, Romney
CNN's chief political correspondent served as debate moderator at Hofstra University.
Candy Crowley Reins In Obama, Romney
Citigroup Board Said to Oust Vikram Pandit Over Poor Execution
Citigroup Inc. (C) directors ousted Chief Executive Officer Vikram Pandit after concluding that he had mismanaged operations, leading to setbacks with regulators and a loss of credibility with investors, a person with knowledge of the discussions said.
Vikram Pandit, chief executive officer of Citigroup Inc. Photographer: Munshi Ahmed/Bloomberg
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Oct. 16 (Bloomberg) -- Bloomberg contributing editor Bill Cohan references personal texts from Prince Alwaleed Bin Talal, Citigroup's largest shareholder, to Cohan in relation to the departure of Citigroup CEO Vikram Pandit. He speaks on Bloomberg Television's "In The Loop."
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Oct. 16 (Bloomberg) -- Bloomberg contributing editor Bill Cohan discusses the departure of Citigroup CEO Vikram Pandit and why a shake up was needed at the top of the company. He speaks on Bloomberg television's "In The Loop."
Episodes that led the board to replace Pandit with Michael Corbat included the March rejection by regulators of a plan to boost shareholder payouts, said the person, who requested anonymity because board deliberations are private. Citigroup’s $2.9 billion writedown on the Smith Barney brokerage unit and a two-level cut of its credit rating by Moody’s Investors Service contributed to the decision, the person said.
Directors have discussed whether to replace Pandit for months, even before the April departure of former Chairman Richard Parsons, the person said. Corbat enjoys a better relationship with Citigroup’s regulators than Pandit as a result of his experience as head of Citi Holdings, the division that contains the lender’s unwanted assets, the person said.
Corbat, 52, “is a proven, hands-on leader who is known for his focus on enhancing productivity, holding people accountable and practicing sound risk-management,” Chairman Michael E. O’Neill said in today’s statement. “He has consistently delivered impressive bottom-line results at many of our major global business units.”
The ousting of Pandit, 55, and Chief Operating Officer John P. Havens, 56, came six months after O’Neill, 65, replaced Parsons as chairman of the bank, the third-biggest in the U.S. by assets. Shannon Bell, a spokeswoman for New York-based Citigroup, declined to comment on the change and O’Neill didn’t respond to e-mailed inquiries.
“We will be relentless in our drive toward operating excellence and risk management,” Corbat said in today’s statement.
O’Neill’s frustration with Pandit played a role in the CEO’s departure, according to the person.
FUTURE PRIMATE 