Take it from someone who muddled mojitos, poured pints, and dirtied martinis for a decade: Bartending is hard work. Sure, it looks glamorous and entertaining and lucrative from the customer’s side of the rail—and the job is all those things at times—but it also requires both the physical stamina of a stonemason and the mental bandwidth of a therapist. Which is why, after a long night, bartenders often make their last pour for themselves. Mine was always a hazy Hoegaarden wheat beer poured into a pint. I’d been chilling all night in the coldest part of the fridge. These Chicago, Park City, and Brooklyn bartenders go a little more elaborate for their shift drinks. They’ve earned it.
Steve Walton, High West Saloon, Park City, Utah
Sundance is controlled madness at our saloon on Park Avenue—300 people through the door in the first 15 minutes we’re open. We crank, crank, crank all day, and because we’re a whiskey brand, and handling it all day, our staff will move away from whiskey for their shift drink. Enter the mezcal-based Naked and Famous. Constellation [Brands, which owns High West] bought El Silencio mezcal, so we have it on our back bar, and it’s in a couple of our cocktails this winter. This one is an equal-parts cocktail: ¾ ounce mezcal, ¾ ounce yellow Chartreuse, ¾ ounce Aperol, and ¾ ounce lime juice, shaken with ice until well chilled and strained into a chilled coupe glass, no garnish or anything. It sits in that light and refreshing category, with that interesting element of earthy smoke from the mezcal and herbaceous flavors from the Chartreuse. One of the great things about the Naked and Famous is its versatility. You can do a small batch and put it in a shot glass, so when everyone’s together at the end of the night, you can do a quick “Cheers!” and head off home to your family. But it’s also a great cocktail when you sit down with the team at the end of a crazy night and reflect on how bad you got your ass whipped behind the bar.
Julius White, Gaijin, Chicago
My shift drink, the Hamani, is modeled on the Vesper, the original James Bond martini: two parts gin, one part vodka, half part Lillet. It’s light, aromatic, easy drinking, but stirred, unlike Bond’s forever-famous instructions. Going with the Japanese flavor profile of Gaijin, I combine 1 ounce Suntory Roku gin, whose botanicals include yuzu, sencha, sakura leaf and flower, and sansho pepper; ¾ ounce melon vodka; ¾ ounce delicate, super-floral cherry blossom vermouth; ½ ounce lychee liqueur; ½ ounce Baltamaro Szechuan Amaro; and 2 dashes orange bitters in a mixing glass with ice. I stir for 30 to 40 revolutions, pour it over a perfect 2-by-2-inch cube in a rocks glass, and garnish it with orange peel and these beautiful snapdragon flowers we get from Mike Werp, a farmer up in Buckley, Mich. I named it Hamani, which translates to “watching blossoms.”
The gin and vermouth are light and floral; the melon vodka and lychee liqueur provide a tropical component; and the orange bitters and amaro bring spice and depth and cut through any sweetness. The drink balanced out perfectly the first time I made it, which is why I’m so enthralled with it. At the end of the night, all I want to do is sit down at the bar and make this for myself.
Lola Hushin, Getaway, Brooklyn
We don’t serve alcohol at Getaway. We’re not trying to do a wellness thing or tell people they shouldn’t drink; our focus is on providing an alternative for people who don’t want to drink or be around alcohol but still want to enjoy the social aspect of drinking. I’m the head bartender and work four nights a week. A shift drink is a little different for us. Because there’s no alcohol involved, we can pretty much drink whenever we want, and there’s no danger of being drunk on the job.
A lot of my coworkers will start their shift with a latte, but I don’t drink coffee, so I started mixing myself the Second Date. I love tart flavors, and this is very refreshing. In a Collins glass filled with ice, I combine 1½ ounces Som turmeric shrub, an intensely sour, strong Thai drinking vinegar, with ¼ ounce lime juice and 5 dashes palo santo bitters, then fill with seltzer. People have very few expectations for nonalcoholic drinks, so I think it’s important to include interesting and different things and not just serve someone mixed juice. You’re trying to replace that slow sipping aspect of an alcoholic cocktail, so I’m always trying to think of the slow-down factor: What bitter, sour, spicy components can I add to make a cocktail people will want to sit with and chat for a while.
A version of this article appears in the January 2020 issue of Fortune with the headline “Shift Drinks.”
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$12 BILLION: Thanks to SoftBank's gigantic pile of Vision money, there is an actual scenario where Travis Kalanick could conceivably return to Uber. Bloomberg reports that the company is in talks with SoftBank, General Atlantic, Didi and Dragoneer to raise as much as $1 billion to $1.5 billion in new funding, alongside another $2 billion to $10 billion in secondary funding. This could be used to buy out at least some of the stock from disgruntled shareholders like Benchmark and other early investors who no want to dive off this ship before it sinks any further. Er, I mean, "lock in gains." (Read all about the complications and the board battles this deal would cause here.)
Setting aside whether or not I think Kalanick should be allowed to return to the company, I'm most curious about whether any of the secondary stock will allow employees to cash out. There is huge demand for liquidity from them, even at a lower valuation than Uber's latest one, one investor I spoke with noted.
Uber is famous for paying lower salaries and making up for it in stock. It's also famous for not allowing those employees to sell any shares. It doesn't even allow them to use services that make loans in exchange for shares. As TechCrunch's Connie Loizos pointed out last year, Uber has a very strict 90-day policy for employees who leave to exercise their options. In other words, most of them are sitting on huge paper gains and can't afford pay the taxes on them if they leave. They are "handcuffed to Uber."
More progressive companies like Pinterest and Airbnb allow their employees to wait many years to exercise their options. One investor I spoke with called Uber's policy the most punitive he'd ever seen.
Will a secondary sale cause an employee exodus? Maybe! But Uber still has a toxic culture problem on its hands, and the company could stand to clean house. Meanwhile, it doesn't hurt to show the employees that it wants to keep that it values them for sticking with it through all this turmoil.
PR VC: There are so many classic "signs we're in a bubble" tropes. One is "equity swaps," where agencies (advertising, consulting, development, PR, etc.) accept startup equity for their work instead of fees. You can see how, in a bubble scenario, that might end badly.
But this time around, they're being a bit smarter about it and raising separate funds. Tusk Ventures is one example. Now Derris, a well-known PR firm in New York, is another. The firm raised $10 million from Local Rich Man Stephen Ross to invest in the startups it works with (and ones it can't). More details below.
TRADITION: It's to dust off the semi-regular "Mashable is for sale" story! It ran in 2012 (price tag: $200 million), and again in 2015 (price tag: $300 million). This time around, reports have not listed a price tag. The company recently did that whole "pivot to video" thing that's popular in media. (See more below.)
THE LATEST FROM FORTUNE...
[ts_bullet_primary] Trump vs. Amazon.
[ts_bullet_primary] Riding the fizzy water wave.
[ts_bullet_primary] Fiat Chrysler, BMW join autonomous alliance.
[ts_bullet_primary] A new board leader for Wells Fargo.
[ts_bullet_primary] Why Amazon wins even when you watch Hulu live TV.
Anti-tourism marches in Europe. Americans love ordering pizza on Facebook. Texts between Travis Kalanick and Anthony Levandowski. The new innovator's dilemma: When customers won't pay for better. Self-driving car test drivers are dressing as car seats. David Sacks is into cryptocurrency. An unequivocal boost to white supremacists. Shervin vs. Arianna.
[ts_bullet_primary] Uber Technologies Inc, a San Francisco-based ride-hailing company, is in exclusive talks to raise as much as $12 billion, according to Bloomberg. Approximately $1 to $1.5 billion of the offers would be primary offers for new equity, and $2 to $10 billion would be for secondary shares. Investors could include SoftBank Group, Didi Chuxing, Dragoneer Investment Group, and General Atlantic. Read more at Fortune.
[ts_bullet_primary] Options, a provider of cloud-enabled managed services with offices in London and New York, raised $100 million from Bregal Sagemount.
[ts_bullet_primary] CellSavers, a San Francisco-based instant services company for smart devices that rebranded as Puls, raised $25 million in funding. Red Dot Capital Partners led the round, and was joined by Samsung NEXT, Maverick Ventures, Kreos Capital Sequoia Capital and Carmel Ventures.
[ts_bullet_primary] Artemis Health, a Salt Lake City, Utah-based health data analytics company, raised $16 million in Series B funding. F-Prime Capital led the round, and was joined by investors including Maverick Ventures and Kickstart Seed Fund.
[ts_bullet_primary] Respond Software, a Mountain View, Calif.-based provider of automated cyber security threat protection, raised $12 million in Series A funding. CRV and Foundation Capital led the round.
[ts_bullet_primary] SnapApp, a Boston-based provider of a SaaS platform for business-to-business marketers, raised $10.2 million in Series B funding from Providence Strategic Growth.
[ts_bullet_primary] Phil Inc., a San Francisco-based end-to-end prescription management and delivery service connecting patients with local pharmacies, raised $10 million in funding. Crosslink Capital led the round, and was joined by investors including Eniac Ventures, Softtech VC, Forerunner Ventures, SV Angel, Silicon Valley Bank, and Transmedia Capital.
[ts_bullet_primary] Altaeros, a Somerville, Mass.-based developer of wind turbine technology, raised $7.5 million in funding from SoftBank.
[ts_bullet_primary] Minibar Delivery, a New York-based marketplace for wine, beer and spirits, raised $5 million in funding. Corigin Ventures led the round, and was joined by investors including Female Founders Fund, Winklevoss Capital, LaunchCapital and RiverPark Ventures.
[ts_bullet_primary] Lightneer, a Finland-based learning game studio, raised $5 million in funding. GSV Acceleration led the round, and was joined by investors including IPR.VC, Brighteye VC and Reach Capital.
[ts_bullet_primary] GeoTix, a Traverse City, Mich.-based provider of SaaS solutions that generate non-advertising revenue streams for media companies, raised $1 million in funding from Boomerang-Catapult and Casey Cowell.
HEALTH AND LIFE SCIENCES DEALS
[ts_bullet_primary] CureMatch, a San Diego, Calif.-based digital health company focused on personalized medicine and combination therapy in oncology, raised funding of an undisclosed amount from investors including Serra Ventures.
PRIVATE EQUITY DEALS
[ts_bullet_primary] KeyBanc Capital Markets Inc agreed to buy Cain Brothers & Company, a New York City-based healthcare-focused M&A investment firm. Financial terms weren't disclosed.
[ts_bullet_primary] An investor group led by Weller Equity Partners acquired a majority stake in Vogt Ice, a Louisville, Ky.-based ice equipment provider. Financial terms weren't disclosed.
[ts_bullet_primary] Blackstone Group has pulled out of discussions to buy part of Israeli mobile surveillance software maker NSO Group, according to Reuters. Read more.
[ts_bullet_primary] ESolutions, a portfolio company of Francisco Partners, acquired RemitDATA Inc, a Memphis, Tenn.-based healthcare technology company. Financial terms weren't disclosed.
[ts_bullet_primary] The Results Companies, a portfolio company of One Equity Partners, acquired USA800, a Kansas City, Mo.-based employee-owned call center services business. Financial terms weren't disclosed.
[ts_bullet_primary] Mercer Advisors Inc, a portfolio company of Genstar Capital, acquired Blue Moon Wealth Advisory LLC, a Bellevue, Wash.-based provider of financial planning and investment management services. Financial terms weren't disclosed.
[ts_bullet_primary] Rotunda Capital Partners acquired IF&P Foods, LLC, an Indianapolis-based produce distributor. Financial terms weren't disclosed.
[ts_bullet_primary] Boulevard Acquisition Corp II, a blank check company from Avenue Capital Group, is combining with Estre Ambiental SA, a Brazil-based environmental services company, to form a public company with an initial enterprise value of $1.1 billion. Existing Estre shareholders will own 43% of the public company, while existing Boulevard stockholders will own the rest.
[ts_bullet_primary] Mashable Inc, a New York-based online news company, is exploring strategic options including the sale of all or part of company, according to Bloomberg. Mashable had raised approximately $46 million in venture funding from investors including Turner Broadcasting, Time Warner Investments, and Tribune Digital Ventures.
[ts_bullet_primary] LPL Financial acquired National Planning Holdings, a Santa Monica, Calif.-based broker-dealer network, for at least $325 million.
[ts_bullet_primary] Microsoft acquired Cycle Computing, a Stamford, Conn.-based provider of software tools and solutions for computation and data management. Financial terms weren't disclosed.
[ts_bullet_primary] Zai Lab, a biotech based out of Shanghai, China, filed for an IPO Tuesday. The company says it plans to raise up to $115 million in an offering of ADSs. The company, which focuses on autoimmune diseases, lost $37.5 million in 2016 and has yet to post a revenue. Backed backed by QM 11 (25.3% pre-offering), the biotech is also partly owned by Maxway Investment(16.6%), The Z Trust (9.6%), Sequoia Capital (9.6%), and Kleiner Perkins Caufield Byers (9.3%). J.P. Morgan, Citigroup, and Leerink Partners are named underwriters. Terms of the deal have yet to be disclosed.
[ts_bullet_primary] MongoDB, a New York-based cloud company, has filed confidentially for an IPO, according TechCrunch sources. The company, which is valued at about $1.6 billion, is backed by investors including Sequoia Capital, Intel Capital, and NEA. MongoDB serves clients including Adobe, eBay, and Citigroup.
[ts_bullet_primary] JBS, the world's largest meatpacker, is continuing with a listing of its U.S.-based unit in New York, Reuters reports. The company previously considered suspending the plans after a corruption scandal, but has decided to proceed on the $1 billion IPO when the conditions are right. The IPO could come at the end of next year.
[ts_bullet_primary] Ares Management LP is buying DuPage Medical Group, a Downers Grove, Ill.-based multi-specialty physician group, in a deal valued at $1.45 billion. Sellers include Summit Partners.
[ts_bullet_primary] O2COOL, which is backed by LKCM Headwater Investments, acquired Bobble, a Shelby, N.C-.based provider of reusable drinkware. The seller was Unilever subsidiary Seventh Generation Inc. Financial terms weren't disclosed.
[ts_bullet_primary] Workday acquired the team behind Pattern, a Redwood City, Calif.-based financial management and HR software vendor. Financial terms weren't disclosed. Pattern had raised approximately $2.5 million in venture capital from investors including Felicis Ventures, First Round Capital, and SoftTech VC.
[ts_bullet_primary] Wynnchurch Capital sold Senco Brands Inc, a Cincinnati-based maker of fasteners and tools for the powered fastening industry, to Kyocera Corp. Financial terms weren't disclosed.
[ts_bullet_primary] Netservice acquired Mixpo, a Seattle-based provider of video advertising solutions. Financial terms weren't disclosed. Mixpo raised more than $10 million in venture funding from investors including GrowthWorks Capital, Madrona Venture Group, and Yaletown Partners.
[ts_bullet_primary] Credit Suisse Asset Management's NEXT Investors sold FastMatch, a New York-based electronic communication network in the spot foreign exchange market. The buyer was Euronext. Financial terms weren't disclosed.
[ts_bullet_primary] Summit Park sold its portfolio company Control Company, a Webster, Texas provider of private label and branded lab equipment, to Cole-Parmer. Financial terms weren't disclosed.
FIRMS + FUNDS
[ts_bullet_primary] Charlesbank Capital Partners, a Boston-based private equity firm, is seeking to raise up to $2.75 billion for its ninth fund, Charlesbank Equity Fund IX LP, according to The Wall Street Journal. Read more.
[ts_bullet_primary] The AI Fund has set out to raise a $150 million venture fund, according to an SEC filing. The fund is being managed by Andrew Ng, co-founder of Coursera.
[ts_bullet_primary] Nicole Sanchez joins XFactor Ventures as an investment partner. Previously, Sanchez was the CEO of Credit Hero.
[ts_bullet_primary] Brian Little joined Duff & Phelps as a managing director in the consumer, food, restaurant and retail M&A advisory practice. Previously, Little was at Imperial Capital.
[ts_bullet_primary] Angeles Equity Partners LLC hired Maxwell Schechter as vice president of business development and James Lee and Shan Siddiqui as associates. Previously, Schechter was at Lindsay Goldberg, Lee was at Jefferies, and Siddiqui was at Credit Suisse.
Shares of casino and lottery gaming company Scientific Games (NASDAQ: SGMS) jumped as much as 24.5% on Monday after it reported its second-quarter financial results. The stock was up 24.2% at the time of this writing.
Scientific Games reported Q2 revenue of $766.3 million and a loss per share of $0.44. Both metrics were better than analysts were expecting. On average, analysts had forecast revenue of $733 million and a loss per share of $0.52.
Scientific Games' TwinStar 3RM interactive gaming. Image source: Scientific Games.
Seeing an adult on a scooter or skateboard isn't as rare of a sighting as it used to be.
That's because scooters and boards are easy last-mile solutions: they're light, relatively inexpensive, and don't take up a ton of space.
There's really no reason to not go electric, either. Today's options are environmentally friendly without compromising on speed. They also don't require as much maintenance as gas-powered scooters.
Here are 9 electric transit options that will change your commute:
The electric scooter has an interesting look with two wheels in the front and one in the back. The design allows it to stand up so you don't need to prop it against a wall when you leave it behind like other scooters. It can also improve stability when riding.
The scooter can reach a top speed of 20 mph and has a range between 15 miles and 25 miles depending on what battery option you choose. Charging ranges between 3 hours and 4.5 hours, again depending on battery size. The Cycleboard weighs 44 pounds and even comes with cruise control, the Los Angeles Times reported.
Cycleboard had a very successful Kickstarter campaign, raising over $147,000 out of its $70,000 goal. You can now buy the scooter dirIectly on the Cycleboard website. It ranges between $1,300 and $1,700 depending on the type you get.
The URB-E stands out as a foldable electric scooter. That way, you can save space when storing it indoors or transport it easier on a bus or train. The scooter weighs 30 pounds and is easy to pick up and carry. It even comes with a USB port and a little basket.
There are four different URB-E trims that offer a range of 16 miles and 20 miles. The scooter can reach up to 18 mph, depending on the type you get. You can order a scooter, which starts at $900, on the URB-E website.
The Uscooter combines a few of the more appealing qualities offered by the CycleBoard and URB-E. It can stand upright, like the CycleBoard, and fold up, like the URB-E. It's also one of the lighter options on the list at just under 24 pounds and can reach a top speed of 18 mph.
See the rest of the story at Business Insider
Just days after revealing the existence of Far Cry 5, Ubisoft shared the first official trailer for the game on Friday morning. As was previously announced, the game takes place in Hope County, Montana, where a group of religious cultists have begun to take over and spread their influence. It's up to you to find allies you can trust, lead the resistance against the cult and take back Hope County.
Trending right now:
Shares of Crocs, Inc. (NASDAQ: CROX) surged 17% today, after the company reported its Q1 results. After the stock fell 30% throughout 2016, the growing earnings this quarter were a welcome surprise.
For the first quarter, Crocs reported sales of $268 million, about 4% below the same period last year, but ahead of Wall Street's expectations. However, the company was able to cut costs and thus posted earnings per share of $0.08, or $0.11 adjusted for special items -- a small increase over Q1 2016 and also ahead of estimates. Speaking on the better than expected results, Crocs CEO Gregg Ribatt said: "During the first quarter of 2017, we continued to execute against our strategic plan to strengthen the company and brand. Customers responded favorably to our spring/summer 2017 product, enabling us to achieve revenues that exceeded our guidance, while simultaneously driving gross-margin improvements."
Image source: Crocs, Inc.'s official Facebook page.
Okay, first things first: there is no miracle product that instantly clears any and every clogged drain. If it sounds too good to be true, it is. Do you really think you pour some liquid down the drain in your sink and miraculously clear a fist-sized ball of hair in a matter of minutes? Newsflash... there's not. If you have a very bad clog, you need to snake your drain. It's the only way to handle it. To clear normal clogs and gross odors that happen during the course of normal wear and tear though, these is a secret to unclogging drains and keeping things smelling fresh: Sani Sticks.
Drop one of these sticks down your drain to take care of average clogs and embarrassing odors in a matter of hours. Then, drop a new stick down each drain once every month to prevent clogs and odors in the future. Each stick includes enzymes and other ingredients found in a septic tank to break down waste and keep things clear. $17 gets you a pack of 48 Sani Sticks, and it'll be the best $17 you've ever spent.
Some highlights from the product page:
- Sani Sticks drain sticks eliminate embarrassing odors from drains and prevent clogged sinks
- Save money on plumbers and drain snakes as powerful enzymes break down oil and grease to keep drains free and clear
- Sani Sticks drain deodorizer and cleaners are thin, round and only 6.3 inches long and 100 percent safe for plumbing and septic tanks with no toxic chemicals
- Avoid embarrassing smells and nasty water buildup in sinks and showers with just one Sani Stick per month
- Keep your drains clean and odor-free, all year long with Sani Sticks as part of your cleaning supplies
Trending right now:
One of Miami's biggest yacht shows is about to kick off.
Yachts Miami Beach begins Thursday and runs until February 20. The in-water yacht display will cover more than 1.2 million square feet of space.
We rounded up the 10 most impressive luxury yachts coming to this year's show — scroll down for a closer look:
1. The 11.11 yacht: The 206-foot yacht fits 12 guests and is priced at roughly $70 million.
It has six cabins, including a master and VIP suite. The master bedroom has its own private sundeck.
The upper deck comes with a plunge pool and plenty of room for sunbathing.
See the rest of the story at Business Insider
Maxim Razmakhin has always been an entrepreneurial spirit. When he was in college, he sold milkshakes out of his dorm room.
"It was sort of like a substitute for coffee," Razmakhin said. "It stimulated brain power and helped people cram for those big exams."
He ended up making a couple thousand bucks from the endeavor.
The 28-year-old Russian-native is the co-founder of Thirstie, an online alcohol-delivery service. He was recently named to the Forbes' 30 under 30 food & drink list for his innovation in the over $250 billion alcohol industry.
Razmakhin got his start working as an equity analyst after college. He then moved to New York in 2011 to work for Haver Analytics as an economic database manager. But his entrepreneurial aspirations did not abate during his time in the corporate world. He was brainstorming ideas with his current-partner Devaraj Southworth while he was working in New York.
"And then it hit me one day," he said. "I realized alcohol was the space to get in to, because there was no technology there."
But not too long after starting, Razmakhin said the on-demand alcohol-delivery business exploded.
"At one point we had like 30 plus competitors," he said.
He told Business Insider that successful entrepreneurs do everything they can to make their product stand out. In order to differentiate Thirstie from the other alcohol-delivery services, Razmakhin said he and his partner added content to their site.
"Today we aren't just a place where you can purchase alcohol," he said. "We are here to help users discover and learn new things about alcohol and broaden their horizons."
"I want people to experience more than vodka soda, rum and coke, and gin and tonic on a Friday night," he added.
Visitors on the site can peruse articles such as '5 Liqueurs you should be using this Valentine's Day' and 'What food and drinks actually work as aphrodisiacs.'
Razmakhin said the content engages his customers and incentivizes them to come back to the site.
We asked Razmakhin to share his best advice for young aspiring entrepreneurs. He said they should consider two things:
Ignore the noise. The media is going to say stuff about your company. Competitors are going to be saying stuff or trying different tactics. Pay attention to it, but don't make it your focus. Don't chase your competitors.
Constantly test your hypothesis. When you start a company you need to try to disprove your assumptions. Trying to prove yourself wrong is hard, there's no doubt about that, but if you don't then you're just delaying your death.
Let's take a break this morning to discuss love, compassion, and the transformative powers of technology, investing, and wealth.
Bill and Melinda Gates have written a Valentine's message to their friend Warren Buffett, who a decade ago committed to give their foundation essentially all of his fortune. Buffett asked the Gateses how they were doing with his money, and they responded with a wonderfully produced multimedia love letter, published this morning.
For years after he stepped down as Microsoft CEO I speculated Bill Gates would return to the job some day. The people closest to him told me I was wrong. They were right, and this letter shows why. Bill and Melinda Gates, having achieved great wealth, are on a mission that has nothing to do with creating or selling software.
Get Data Sheet, Fortune's technology newsletter, where this essay originated.
Please have a look at the entire letter here rather than relying on my meager synopsis. It tells a story in numbers. The big one is 122 million, the number of children's lives that have been saved since 1990 by fighting infant mortality. The Gates letter says 86% of children now receive the most important vaccines they need to live healthy lives, the highest number ever.
There are sobering numbers as well. They say last year one million babies died on the first day of their lives. Their foundation is fighting this. One way is to support infant autopsies, a controversial but critical practice.
Bill and Melinda Gates know that Warren Buffett loves numbers, so they end their letter with another: zero. Every day they strive for it at their foundation: "Zero malaria. Zero TB. Zero HIV. Zero malnutrition. Zero preventable deaths. Zero difference between the health of a poor kid and every other kid."
Hug your loved ones today and be grateful Bill Gates and Warren Buffett made boatloads at Microsoft and Berkshire Hathaway respectively. They are changing the world.
Happy Valentine's Day.
Spoiler alert: the New England Patriots won Super Bowl 51. The final score of 34-28 does absolutely nothing to tell the story of Super Bowl LI, which was easily the most exciting Super Bowl of the past decade, at least. The Atlanta Falcons came out swinging, building a 21-3 lead at the half and then extending that lead with a touchdown to start the third quarter. But Tom Brady would end up leading the Patriots to the biggest Super Bowl comeback ever, tying the game late in the fourth quarter and then going on to win with a touchdown in the first overtime in Super Bowl history.
To go with his record-setting five Super Bowl rings, Brady would end up with numerous additional Super Bowl records, including most passing yards (466) and most completions (43-of-62). But while the game itself was fantastic, there's always another exciting aspect of the Super Bowl that fans love: Let's look at the 10 best Super Bowl 51 commercials from 2017.
Trending right now:
'YOU HAVE 45 MINUTES WARNING': This is what happens when they call you at 6 a.m. to say you've won the Nobel Prize
In 2015, Princeton professor Angus Deaton won the Nobel Prize for economics. The prize was awarded for his work on consumption, poverty, and welfare. In particular, Deaton's work explains a concept called "consumption smoothing," the idea that people don't wildly change their spending habits when their pay is raised or cut. They tend to keep their consumption constant.
Deaton met with Business Insider over coffee at the World Economic Forum in Davos, Switzerland, where we had long conversation about inequality, universal basic income, and the legalised theft of wealth. We will publish more of that in the weeks to come.
At the end of our conversation, we asked a much more basic question: What is it like to win a Nobel Prize, an experience that notoriously begins with an early morning phone call?
Turns out, "it's a lot of fun!" Deaton says. You get week-long trip to Sweden with your entire family, where they give you a stretch BMW with a driver, and they treat you like a head of state.
But first, the early morning phonecall ...
ANGUS DEATON: "They call you at 6 o'clock in the morning. A traditional phone call. You have 45 minutes warning before they do the press conference."
BI: Were you asleep?
DEATON: "No I was sitting there waiting for the phone call! It's a big deal!"
BI: Did you think it might be a prank call?
DEATON: "I didn't think it was a prank call until my friend Torsten Persson who is chairman of the committee [Persson is a Swedish economist at the Institute for International Economic Studies in Stockholm] said, 'Angus, this is not a prank call!' I said, 'Torsten, that is the first time it occurred to me that it was a prank call.' They try to have someone call you that you know. So I had known Torsten for 30 years."
"You get swept off your feet. Princeton had a huge team — they were at our house within 10 minutes of the press announcement. It occurred to me maybe they had gotten advance notice even though I had not, but it turns out not. They said they had done all the preparations for five different people in my department."
BI: At Princeton, they're probably on alert every year for this.
DEATON: "Yes. I had known that for a long time, that I was on that list, which didn't make it not a surprise because there is a lot of people on that list. I could give you 100 names of people who would be worthy. There is no public official list."
BI: What happens next?
DEATON: "It's a lot of fun!"
"The first bit of it that is sort of unimaginable, and you don't know about, and I've been trying to tell people about this, is that you go to Stockholm for a week — not just for a day — and they treat you like a head of state. You don't go through customs, through immigration, for instance. You're met at the door of the plane by the chairman of the Swedish Academy and one of the most beautiful women I've ever seen, who is a foreign service officer who has been assigned to you for the week and is your attache. And underneath the plane there is a stretch BMW with a driver in it, that's yours for the week."
"They have you so tightly scheduled [but] you get to bring — this is another part of it that I didn't imagine at all — you get to invite 14 people in addition to your spouse. Fourteen! And so about half of those are automatic family slots. And you know, 14 is a really hard thing. Because people have to be left out. You have to send people emails saying 'I'm sorry but they can't get you a ticket'!"
"So the others are mostly long-term collaborators, or people who played a big part in what I was getting the medal for. But the fact that it was sort of a family reunion, I spent a lot of time with my kids and grandkids, for my grandchildren they're just old enough to really remember it and there's lots of photographs, and my grandson was on Swedish TV and he became a sort of national superstar. So that part of it was just terrific."
BI: Are there downsides?
DEATON: "It changes your life in ways that you really have to handle, and it's not entirely obvious how to do that. Like, I wouldn't be talking to you if that hadn't happened."
BI: But you're choosing to be here surely?
DEATON: "Yeah though with some ambivalence. You get roped into a lot of things and some of them of them are fun. And some of them are lucrative, and some of the ones that are lucrative are fun too. Which is nice. Some of them are not fun at all. Some of them you think will be fun and they are not."
BI: This, talking to me, is not lucrative.
DEATON: "No but one of the good things about being here is that I can talk to you and a bunch of other people at relatively little cost whereas at home it's always a pain one way or another because I'm supposed to go down to the station or the studio."
At that point, someone rang a loud bell and we ended our talk in order to listen to a speech by Xi Jinping, the general secretary of the Communist Party of China — which is another weird thing that happens to you when you win the Nobel for Economics.
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Microsoft had some amazing announcements at E3 2015 on Monday, including hot new games coming to the Xbox One, but that doesn’t mean Sony wasn’t ready to step up to the plate. The company’s partners are also going to give PlayStation 4 owners some awesome new titles in the coming months, and below you can see all the new PS4 trailers that Sony showed on stage during the keynote.
The Dividend Champions spreadsheet and PDF have been updated through 6/30/14 and are available here. Note that all references to Champions mean companies that have paid higher dividends for at least 25 straight years; Contenders have streaks of 10-24 years; Challengers have streaks of 5-9 years. "CCC" refers to the universe of Champions, Contenders, and Challengers.
The slow pace of dividend-increase announcements in May continued in June, raising the number of Dividend Champions, Contenders, and Challengers from 540 to 543 companies by the end of the month. That trend should continue in July, before a pick-up in activity in August. Again this month, the Near Challengers listing wasn't diminished by the latest "graduations," but the continuing wave of firms headed toward declaring a fifth year of increases in 2015 also slowed in June, with only 7 "NEW" notations appearing in Appendix B (on the Notes tab),
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Suppose you are concerned about the sustainability of the stock market rally. You believe the fundamentals underlying the economy and the markets are built on sand, and you may have even felt this way for a long time. But you also see a stock market that seems to only rise day after day after day. This results in a dilemma. You do not want to buy into the market in which you are already deeply skeptical the moment it finally peaks and enters a new bear market. The mere thought of it may even be distasteful. Yet you also may not want to absorb the opportunity cost of standing aside if stocks are insistent on adding a few more months or even years to the current bull market. What is the conflicted stock investor to do? The answer? Apply bear repellent where possible to your stock portfolio.
It is a
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- Johnson & Johnson (JNJ +0.1%) and Bausch & Lomb are among the companies fined 19.6 yuan ($3M) for price fixing in China's contact lens and eyeglass market. Chinese authorities have fined companies in other medical industries for price-related infractions as it grapples with its ballooning health care costs.