The ‘sharing economy’ is the next big thing

The Avis acquisition of Zipcar suggests that the sharing economy has come of age.

Revolution made their first bet on the concept of sharing nearly 10 years ago with their investments in Exclusive Resorts (2003) and Flexcar (2005).   The “sharing economy” now extends across multiple verticals – we’re sharing cars, movies, extra rooms in our homes, online lectures, and even our time.  Yesterday Avis Budget Group announced that they will acquire Zipcar which marks a significant milestone for the concept of collaborative consumption.

 

 

Continue reading… “The ‘sharing economy’ is the next big thing”

0

Cutting costs a new pasttime for retirees

Eliminating some unnecessary expenses and keeping an eye out for ways to save can help keep precious dollars at home.

The golden years of many retirees have been tarnished by low returns on investments and smaller nest eggs than they’d hoped. Meanwhile, longer life spans, increased expenses — particularly rising health care costs — plus a volatile stock market and low interest rates on savings have baby boomers facing tough choices.

 

 

Continue reading… “Cutting costs a new pasttime for retirees”

0

Foreign banks turn away U.S. millionaires

UBS

UBS, the world’s biggest non-U.S. private bank, said in 2008 it would discontinue offshore accounts for U.S. citizens.

Some of the world’s largest wealth-management firms are wanting American millionaires to go away ahead of Washington’s implementation of the Foreign Account Tax Compliance Act, known as Fatca, which seeks to prevent tax evasion by Americans with offshore accounts. HSBC, Deutsche Bank, Bank of Singapore and DBS Group all say they have turned away business.

Continue reading… “Foreign banks turn away U.S. millionaires”

0

Older People May Not Be Wiser When It Comes to Decisions About Money

brain scan

Certain parts of the brain (highlighted in yellow) are more “noisy” in older adults making investment decisions.

Brain imaging and economic research suggest that older people make less predictable decisions about money.

The common perception is that older people are more conservative investors than their younger counterparts. But brain imaging studies combined with economic analysis are causing neuroscientists to question that idea. Recent research suggests that sometimes older people make riskier and less logical investment decisions than younger people, and that specific changes in the brain associated with aging may underlie those decisions.

 

Continue reading… “Older People May Not Be Wiser When It Comes to Decisions About Money”

0

Mexican Investments in U.S. Create Jobs, Taking Over U.S. Brands

bimbobakeries

Mexico City-based Bimbo bought the U.S. baked-goods operations of Weston Foods taking over 22 industrial bakeries and 4,000 distribution routes.

A new kind of Mexican immigrant is making it big in the USA: huge Mexican corporations that are snapping up U.S. brand names, opening U.S. factories and investing millions of pesos north of the border. From Thomas’ English Muffins to Borden milk, Saks Fifth Avenue department stores to The New York Times newspaper, Mexican investors have taken advantage of low interest rates and depressed prices during the economic downturn to expand their holdings in el norte.

 

Continue reading… “Mexican Investments in U.S. Create Jobs, Taking Over U.S. Brands”

0

More Wealthy Chinese Pursue Green Card By Making U.S. Investments

chinese

More Chinese rich people join the trend to pursue American permanent residency by making investments in the United States. But they may be victimized by financial traps set up by domestic immigration agencies and foreign investment organizations, local expert warned.

 

Continue reading… “More Wealthy Chinese Pursue Green Card By Making U.S. Investments”

0

Entrepreneurship’s evolution

Entrepreneurship’s evolution

The emergence of empires of one, business colonies and seed capitalists

The importance of stimulating entrepreneurship has not been lost on Asian nations. Communist Youth League of China will set up a fund to help young people establish their own businesses, as part of efforts to ease employment pressures, particularly among graduates, China.com reported in February.

Continue reading… “Entrepreneurship’s evolution”

0