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NATION DAILY: AUGUST 12, 2015
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The Nation Magazine
33 Irving Place
New York, NY 10003 |
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| BREAKING NEWS ALERT |
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| August 12, 2015 |
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University of Illinois trustees Wednesday rejected a proposed $400,000 bonus for outgoing chancellor Phyllis Wise, undermining a decision made last week by the new university president.
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| WEDNESDAY, AUGUST 12, 2015 |
TOP STORY
Alibaba's Precarious Position Highlighted in EarningsThe Chinese e-commerce giant has had a turbulent first year as a public company, and its stock price has fallen about 35 percent from its November 2014 highs.
Breakingviews: Alibaba's Slump May Test Investors' Good WillInvestors haven't much challenged the founder of the Chinese e-commerce group. Its latest earnings report may change that.
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DEALBOOK HIGHLIGHTS
Devaluation Hints at China's Rising Distress Over Economy With the Chinese renminbi now taking its biggest plunge in decades, the worry is that the country's already slowing economy is even worse off and the government is panicking.
HSBC to Promote Two in Banking Operations The elevations for Natalie Blyth and Philip Noblet come as HSBC continues to reshape its global business.
Fidelity National Information Services to Buy Software Maker SunGard The cash-and stock deal values SunGard, which provides software and technology services to financial companies, at about $9.1 billion, including debt.
SunGard Sale Has a Bright Side for Owners Although the private equity firms that own SunGard are selling it for less than what they paid, they can expect a modest return on their investment.
Pearson's Stake in Economist Group to Be Sold to Other Shareholders The biggest portion of the stake will be acquired by Exor, the holding company of the Agnelli family, which is a big shareholder in Fiat Chrysler.
British Regulator Approves Sale of K-Y to Reckitt BenckiserReckitt Benckiser, the owner of the Durex brand of condoms and lubricants, will be required to license the brand to a competitor in Britain for eight years.
LOOKING AHEAD
The Latest Signs of Economic Health On Thursday, the Commerce Department reports retail sales for July, which are expected to show a healthy rebound after an unexpected decline in June. A jump in auto sales and spending on the home should bolster consumer spending, which is an important harbinger of the strength of the overall economic recovery, economists say. Underlying the stronger retail sales are steady growth in jobs and falling gasoline prices, both of which are buoying consumer confidence.
Also Friday morning, the University of Michigan will report its preliminary estimate of consumer confidence in August. Most economists do not expect a big change from July's reading of 93.1, a healthy level that reflects steady gains in terms of the job market and the rebound in home prices. - Hiroko Tabuchi and Nelson D. Schwartz
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| ADVERTISEMENT |
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| By Meredith Lepore |
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No Apology Necessary
Fox News host Megyn Kelly has become the news ever since moderating the first Republican presidential primary debate on August 6. Since Donald Trump is currently leading the polls, she had a lot of questions for him. Usually Trump loves attention, but apparently not so much this time. He called Kelly unprofessional and made some unpleasant, sexist remarks, then demanded an apology. But Kelly refuses and we commend her. She was doing her job and doing it well. Find out what she said here. (Related: 5 Ways to Handle Criticism Like a Pro)
Ch-ch-changes
It’s been a week of big changes for some important ladies. First of all, Birchbox co-founder Hayley Barna has stepped down from her post as co-CEO with Katia Beauchamp. The five-year-old company, which is valued between $400 and $500 million and has more than one million subscribers, was truly a pioneer of the subscription box set business model. According to an official statement, “Birchbox would not be the company it is today without her. While we very much miss having her in the office each day, she will always remain an integral part of the company and will continue to be actively involved as an advisor and member of the Board of Directors.” In other exit news, Aliza Licht is stepping down from her position as SVP of Global Communications at DKNY. This means every tweet for her very popular Twitter persona, DKNY PR Girl, has now been deleted. Guess she will just have to write more career advice books like Leave Your Mark! (Related: 7 Entrepreneurs on How They Handle “Me” Time)
The Aquatic Life
You know the calming feeling that comes over you when you see a big, beautiful fish tank at a restaurant or office? Well, you don’t feel more zen just because the fish are pretty. According to new research, it’s the water that causes a de-stressing effect, meaning you might want to get some aquatic decor for your cubicle. Basically, we feel this way because of evolution. Way back when your only two job options were hunter or gatherer, you usually lived near water and it provided food, hydration, and was just really nice to look at all day (and what else was there to do?). Staring at water is like free therapy. So consider getting a little fish bowl or just watching clips of The Little Mermaid on YouTube (before she gets all tangled up with Ursula). (Related: 5 Habits That Are Secretly Causing You Major Stress—and How to Break Them)
#POTD (Profile of the Day)
Want to learn what exactly a program director at Tradecraft does? Then check out Nick DeWilde’s awesome profile here and be inspired! Then, discover more must-see profiles on Levo’s Front & Center.
Levo Loves…
Birthday girl Cara Delevingne! This spunky supermodel and actress with fabulous eyebrows has a lot to say and she wants the world to know it! Here are 11 times she showed the world who was boss.
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Levo
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"If she were interested in cooperation, she would not have done..."
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Barbara Corcoran, billionaire real estate mogul and hit reality show star finally shows thousands how to cut their mortgages by $450 per month...
A message from one of our valued partners
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The self-proclaimed "Islamic State Hacking Division" claims it...
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Is history repeating itself?
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He did not realize an officer was coming up behind him...
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“We could not sign that paper. It broke my heart.”
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After the third episode of the new reality show...
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It’s not Benghazi or what information her emails contained...
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More than 35,000 Facebook users have commented on the post as of this writing.
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“I want to put H+R Block out of business.”
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A separate poll shows a similarly troubling trend for Trump’s team.
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“What does my flag have to do with this?"
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Reader discretion advised: Article contains strong language.
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A new poll by Monmouth University shows that now only 41 percent of Democrats think Congress should vote in favor of Obama's agreement.
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Viewers of Kozhevsky’s video were largely supportive of her stance.
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How far will the PC purge go?
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Some see this as Donald Trump's "I dare you" challenge...
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"They have the 33,000 emails that she destroyed."
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We’re in trouble, folks; and picking a new president won’t save us.
By John W. Whitehead
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I wonder what Donald Trump will soon say about this EPA government double standard.
By Jerry McGlothlin
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It is refreshing to hear government management reform given such emphasis.
By Donald Devine
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The solar industry is jubilant over the Clean Power Plan, released August 3.
By Marita Noon
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He failed every person across the country that wears a badge; and did an injustice to us all by not clearing Officer Wilson’s good name.
By Guest Writer
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While everyone was talking blood, sexism, and Megyn Kelly, Donald Trump kinda sorta defended socialized medicine in Canada.
By Steven Crowder
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Some scholars have argued that America is quickly running out of jobs. What do they say is causing this gloomy forecast? And is it true?
By Dr. Mark Hendrickson
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Levo
1 Union Square West, New York City NY 10003 |
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