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Archive for September, 2012

Live Blog: Find Your Customers

Every company has three things to do: find their customers, keep them, and grow them, said Bob Dorf to participants at the Boot Camp. http://www.forbes.com/sites/nyuentrepreneurschallenge/2012/09/30/live-blog-find-your-customers/ Full story

Rush University — Transfers To A Cook Island Trust Held Per Se Fraudulent By Illinois Supreme Court

Reversing the Illinois Court of Appeals, the Illinois Supreme Court has ruled that Illinois law, not Cook Islands law, should be applied to determine that transfers to a Cook Islands Trust were Per Se Fraudulent under Illinois law. http://www.forbes.com/sites/jayadkisson/2012/09/29/rush-university/ Full story

President Putin’s Growing Gas Insanity

Einstein once said the definition of insanity ?is doing the same thing over and over again, and expecting a different outcome?. By most counts, that makes Gazprom and President Putin, pretty insane. They?ve spent the last decade trying to sell gas into China, and repeatedly failing to do so by sticking to the same old pricing grounds: no matter what Moscow says, China won?t pay oil ... Full story

Is the European Retail Rebound for Real?

Weirdly enough, the very latest European retail numbers are substantially better than expected. The French retail PMI rebounded to 47.9 in September from 44.2 in August. On an annualized basis, the retail sales decline was the smallest in seven months. The Spanish YoY retail sales decline in August was just -2.1% - far milder than the expected -6.1%. The British CBI survey showed an uptick to +6 in ... Full story

Credit Card Processors Discriminate Against Medical Marijuana

The medical marijuana industry is under siege. Legal in 17 States and the District of Columbia, the marijuana dispensaries are not recognized as legal operations under federal law. Aside from the constant threat of raids and civil asset forfeiture, medical marijuana dispensaries also have to contend with payment blockades and outright refusal of banking services. http://www.forbes.com/sites/jonmatonis/2012/09/29/credit-card-processors-discriminate-against-medical-marijuana/ Full story

The Week Ahead: What Do Sectors Say About the Economy?

Troubling technical signals appear to be confirmed by recent movements in key sectors, driving up the possibility of a deeper correction ahead. As MoneyShow's Tom Aspray suggests, this is a time for patience. http://www.forbes.com/sites/tomaspray/2012/09/29/the-week-ahead-what-do-sectors-say-about-the-economy/ Full story

Paying Online Sales Tax? Five Ways To Know

It can be darned confusing to determine if you will or won’t pay online sales tax. Clearly you’ll know when you get a confirming email from the company thanking you for your online order and charging your credit or debit card! Yet wouldn't it be nice to know before you click to confirm your order? http://www.forbes.com/sites/robertwood/2012/09/28/paying-online-sales-tax-five-ways-to-know/ Full story

Stocks Lower, Treasuries Higher; Netanyahu Sets Timeline

This is a guest post by Craig Birk, director of portfolio management at Personal Capital. http://www.forbes.com/sites/billharris/2012/09/28/us-q2-gdp-growth-revised-down-netanyahu-sets-iran-timeline/ Full story

Spain Reminds Us That The Worst Is Yet To Come In Europe

Spain, which has the 4th largest economy in Europe, is currently struggling with high unemployment (the highest unemployment rate in Europe), increased borrowing costs, a stressed banking system and rising tensions amongst its citizens as it relates to austerity measures being considered by Spanish Prime Minister Mariano Rajoy. http://www.forbes.com/sites/advisor/2012/09/28/spain-reminds-us-that-the-worst-is-yet-to-come-in-europe/ Full story

Tales From A Start-Up: Week 1

Robin Thomas left a steady job in the spring of 2012 to start his own venture, RGFT (Really Great Freaking Things). Over the next couple of months he’ll give us a sneak peak into what his world looks like, as he’s starting up his business. http://www.forbes.com/sites/ashoka/2012/09/28/tales-from-a-start-up-week-1/ Full story
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