lioneltan – Page 40

Zero rupee note

A zero-rupee note is a banknote imitation issued in India as a means of helping to fight systemic political corruption. The notes are “paid” in protest by angry citizens to government functionaries who solicit bribes in return for services which are supposed to be free. Zero rupee notes, which are made to resemble the regular 50 rupee banknote of India, are the creation of a non-governmental organization known as 5th Pillar which has, since their inception in 2007, distributed over 2.5 million notes as of August 2014. The notes remain in current use and thousands of notes are distributed every month.

Future Air Travel: Four-Hour Process, Self Check-In, Disinfection, Immunity Passes

Once airports and borders open again and people are able to fly freely — a process already in play as airports of all sizes around the world ready strategies to ensure healthy air travel — how much are you ready to change your flying habits?

Why A Private Equity Firm Backed By Bernard Arnault Is Putting $400 Million Into Norwegian Cruise Line

As shares of Norwegian Cruise Line continued to sink like the Titanic—down 80% from the end of 2019 to $12 per share by late April—Scott Dahnke and his team at L Catterton were quietly eyeing the wreckage. The partners at his Greenwich, Connecticut, private equity firm had already made a killing by taking a cruise ship-based beauty chain public and they were focused on high-end brands. After all, the “L” in their name comes from their financial backing by LVMH, the French luxury goods giant and they had already scored a string of successes from investments in the upscale home decorator Restoration Hardware, Lily’s Kitchen, a London-based organic dog food maker and Peloton, the Internet-connected stationary bicycle concern.

But this was new territory. Never before had they seen such a rapid reversal of fortune of a well-regarded brand. Dahnke decided the time was right to pounce, despite the fact that in a best-case scenario, Norwegian wouldn’t be expected to sail any of its fleet’s cruise ships for at least two months.

This new unemployment forecast rivals the depths of the Great Depression

The unemployment rate in the United States will peak at 25%, rivaling the worst period of the Great Depression, Goldman Sachs warned on Wednesday.

‘The greatest disconnect in history’: An investor who called the coronavirus sell-off warns of 2 market crashes this year

Michael Gayed, an investor who called the coronavirus sell-off and recent stock rally, warned of two market crashes this year in a MarketWatch interview.

Latin America equities have fallen by close to -50% this year. Are they worth the bargain now?

Latin America has been one of the biggest losers this year so far, as the region struggles helplessly with the Covid-19 crisis. Brazil, the largest economy within the region, has been on the headlines recently for the wrong reasons – President Bolsonaro stubbornly refuses to exercise proper quarantine measures. In this article, we take a closer look at the region, to determine if they are worth the bargain.

My priceless, worthless baseball cards

I WAS IN first grade, sitting in my little-kid chair at a low-to-the-ground table, when the loudspeaker in my classroom rattled to life one day.

Why So Many People Are Unhappy in Retirement

There is a script to life that most of us have internalized, whether consciously or not. It’s in many of the most beloved fictional stories, and—from the outside, at least—it looks like the lives of successful people tend to follow it as well. It is often called the hero’s journey, or the monomyth.

Razer’s giving out surgical masks via vending machines, but you gotta sign up for Razer Pay first

Razer’s streak of goodwill continues. The gaming hardware company ⁠— known for slapping blinking multi-coloured lights on everything ⁠— has been making good on its promise to manufacture face masks in Singapore and donate millions of them worldwide amid the coronavirus pandemic.

Winklevoss Twins Reiterates Gemini’s Plans to Go Global

New York-based cryptocurrency exchange Gemini, owned by the Winklevoss twins, is taking steps towards a more global reach, as suggested by Cameron Winklevoss, who was speaking at the ongoing Consensus: Distributed conference on May 11.