5 People needed to start making cash today

Tuesday, October 16, 2012

How do I trade Coal? -- Idea

KOL – QUICK UPDATE At the moment Kol is moving sideways and we believe that the buying window could start closing shortly. In our view this is one of those “rare” value purchase opportunities and a 3 year structured product does not only provide a great upside but also provides 100% downside protection. KOL is an Exchange Traded Fund listed on the NYSE Description: The investment seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Market Vectors® Global Coal Index. The fund normally invests at least 80% of its total assets in securities that comprise the fund's benchmark index. The index is comprised of companies that generate at least 50% of their revenues from coal operation (production and mining), coal transportation and production of coal mining equipment. We strongly believe that there is strong long term upside in this investment and that we currently have a limited buying window. Our recommendation is to buy KOL with downside protection in place.

Wednesday, January 4, 2012

Will Apple Take Facial Recognition Mobile?

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Apple has a track record of taking products that work but haven’t yet caught on, then redesigning them with the appeal that makes them catch fire with the general buying public. The iPad is one example and Siri is another. Now there’s a new patent that suggests Apple could next tackle facial recognition.

A patent application published by the U.S. Patent and Trademark Office on Dec. 29—and spotted by Patently Apple—describes a system for presence detection that builds on two patents Apple had already filed related to the technology, but this one has a specific take aimed at use in mobile devices. Prior patents dealt with presence detection on MacBooks and with advanced recognition systems for use in processor-heavy home and business applications. This one (see graphic) combines sophistication with a light footprint for practical, everyday, mobile use.

Having used the Samsung (005930:KS) Galaxy Nexus for a while, I’m pleased to see what Apple’s new patent proposes to fix about presence detection. It describes a system in which lighting conditions, angles, and scale could all be accounted for, making face recognition usable on mobiles without strict caveats and conditions. The Galaxy Nexus’s ICS face-unlock feature is cute, but that’s about as far as it goes: It fails to match in most cases and can be fooled with a still photograph of the subject who activated the recognition feature.

Apple’s new method would use shortcuts to accurately determine who is using a device without requiring the heavy computational costs normally involved in such a process. It achieves this by ignoring facial biometrics and assessing the position of personal features to compensate for changes in subject orientation. Other advantages include a built-in feature that would evaluate a person’s level of attentiveness when using the system, which could help the system avoid being duped by still photographs.

The new patent also describes such other neat tricks as recognizing faces among family members, friends, and co-workers, then delivering different screen savers or non-secured information to those individuals. That’s a great advance for shared-use devices. It sounds as if it could eventually be used, for instance, to set varied parental restriction levels for family members who share an iPad.

Apple specifically envisions the tech for use in iPhone, iPad, iPod touch, and MacBook devices. Although some patents never evolve to practical application, this one seems both useful and achievable in the next couple of years. It would decidedly add to Apple’s personal edge, in combination with its Siri assistant, and could make iOS devices even more accessible to a broader swath of the population.

What do you think? Is this the next technology in which we can expect Apple to make a good thing much better?

Also from GigaOM:

Flash Analysis: Steve Jobs (subscription required)

Free Android, iOS App Wakes You Earlier When It Snows

Bars Beat Boardrooms for Generating Business Ideas, Survey Claims

NewTeeVee’s Top 11 Posts of 2011

Verizon’s New Year’s Vow: Cut Back on Credit Cards

Provided by GigaOm


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Tuesday, January 3, 2012

Tip for Bad Guys: Burn, Don't Shred

Prize for the Darpa Shredder Challenge: $50,000

Prize for the Darpa Shredder Challenge: $50,000

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To most people, 10,000 slivers of shredded paper are as good as trash. To three coders in San Francisco, they’re a challenge—especially when the jumbled mass of paper once made up five classified government documents.

The trio were not hackers trying to steal state secrets, but participants in a contest run by the Defense Advanced Research Projects Agency (Darpa), the government group that funds high-tech military research. In October, Darpa offered $50,000 to the first group to piece together the shredded documents or the one that made the most progress by Dec. 4. In previous Darpa tournaments, participants have been asked to build robotic cars or use the Internet to find balloons scattered across the country. The goal of the paper shredder puzzle was to unearth technologies that could be used for national security.

“I figured I know enough really damn good programmers that I could get a few people together and we might be able to win it,” says Otávio Good, the entrepreneur behind the iPhone app Word Lens, which translates foreign-language text as it’s viewed through the phone’s camera. Good and his partners, a software engineer working at Lockheed Martin and a mobile app maker, spent 600 hours combined piecing together the five shredded pages. Out of nearly 9,000 teams, theirs—which they called “All Your Shreds Are Belong to U.S.”—was the only one to complete all five puzzles, which they did with two days to spare.

Good’s team relied on a custom-built computer program to analyze the ink, tears, and other markings on the scraps to suggest possible matches, as well as guesswork. “I knew there would be crazy people to try to do it all manually and crazy people to try to automate the whole process,” says Good. “We went with an in-between approach.”

Two weeks in, Good’s team was stumped by the fourth sheet of paper, which was more of a challenge because the words were irregularly spaced and written on unlined paper. “I think everybody hit a wall on puzzle four and didn’t know what to do,” Good says. Then he happened on an article about a little-known government project: The U.S. Secret Service has been working with manufacturers of color laser printers to place tiny, imperceptible yellow dots on printed pages so that the government can track the machine that produced them. Good put the puzzle under a blue-light filter and saw the dots. “It was a breakthrough moment,” he says. “The pattern of dots is practically a map for how everything comes together.”

Good says that the team hasn’t discussed its plans for the $50,000 prize, but they’ve already gotten recognition from peers. “I think we have more programmer street cred,” he says.

The bottom line: Three Bay Area programmers used a mixture of human and computational analysis to win the Darpa Shredder Challenge.

MacMillan is a reporter for Bloomberg News and Bloomberg Businessweek in San Francisco.


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Saturday, December 31, 2011

Why European Banks Are Sacrificing Growth

Illustration by Topos Graphics

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Under pressure from regulators to bolster capital, European banks are selling some of their fastest-growing businesses to competitors from outside the region. The sales may leave them better able to withstand financial stress—and less able to boost future profits. Spain’s Banco Santander, which said in October it needs an additional €5.2 billion ($6.9 billion) to meet capital requirements, sold its Colombian unit in December to Chile’s Corpbanca for $1.16 billion. Germany’s Deutsche Bank is weighing options including the sale of most of its asset management unit, while Belgium’s KBC Groep may dispose of businesses in Poland.

Such sales are an unintended consequence of the decision by European regulators to make banks increase capital—a buffer that protects against credit losses—to help them survive the worsening sovereign-debt crisis. The European Banking Authority on Dec. 8 ordered the region’s financial companies to raise €114.7 billion of additional capital by the middle of 2012.

To reduce their reliance on the markets for funding, banks across Europe have pledged to cut assets by more than €950 billion over the next two years, according to data compiled by Bloomberg. About two-thirds of that will come from sales of profitable units and performing loans, says Huw van Steenis, a Morgan Stanley analyst in London. While it may be hard to get premium prices for those businesses in a crisis, other options for raising money are even less appealing. Lenders don’t want to issue additional shares because their stock prices are too low: The Bloomberg Europe Banks and Financial Services Index is down 33.5 percent this year. Selling troubled loans is also problematic. If the banks accept the low prices investors are willing to pay, the lenders would have to record losses on the loans, and those losses would erode their capital. As a result, distressed assets and souring loans will account for just 4 percent of asset reductions over the next two years, according to van Steenis.

That leaves selling entire business units outside of their domestic markets. These are the most profitable parts of their business,” says Azad Zangana, European economist at London-based Schroders, citing Spanish and Portuguese banks selling assets in Latin America. “You begin to become a less profitable organization. Your business model stops working if you’re being forced to lend only to an economy that’s going through a very deep recession.”

By shedding some of their best assets, the sales may make banks less stable. “Lenders are selling more liquid assets so they can get a price that avoids additional capital losses,” says Joseph Swanson, co-head of restructuring at Houlihan Lokey in London. “Unfortunately, this strategy can result in lower asset quality and increased earnings volatility.”

Santander completed the sale of its Brazilian insurance operations to Zurich Financial Services for $1.7 billion in October. The Spanish bank also sold a $958 million stake in Banco Santander Chile, the South American country’s biggest bank by assets. The Chilean bank’s net profit grew 45 percent between 2008 and 2010 and may increase 15 percent this year, to about $970 million, according to analyst estimates compiled by Bloomberg. Santander said it will also sell a stake in its Brazilian banking unit. The Spanish lender’s planned sale of part of its U.S. consumer loan business to a group led by KKR may cut net profit for Santander’s shareholders by €150 million, according to an Oct. 28 estimate by Raoul Leonard, an analyst at Royal Bank of Scotland Group in London. “Assuming multiple asset sales may be in the pipeline, this could lead to a meaningful negative drag” on earnings, Leonard wrote. A spokeswoman for Santander declined to comment.


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Friday, December 30, 2011

You Deserve the Team You Get

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Whoa.

We have received thousands of comments, scores of e-mails, and a bunch of phone calls in response to our last two columns, Three Kinds of People to Fire Immediately and Three Types of People to Hire Today.

So, what are the takeaways?

The biggest one is this: Whether you are a happy or unhappy worker, a good or bad manager, an enlightened or naïve leader, you deserve the team you get. Said differently, we all play a role in what our teams and companies become. We must choose to take control of the results or risk making ourselves victims of the situation.

Either way, we must live with the results of our choices. For some, this means complaining more; for others, it means leaving for another opportunity, and for others still, it means creating a different reality.

Your authors aspire to be creators and prefer to hire and inspire creators as well. If you’ve built a culture of innovation, we presume you agree and act in kind.

The next biggest insight was this: People want to create new products and services because it is rewarding, but it is one of the hardest things for a culture to do.

And what follows from that insight is this one: You want to make your company a safe place for everyone, because fear is the enemy of invention. To do that requires the right kind of colleagues.

More specifically, you want to hire people who:
1. Challenge themselves and everyone around them to co-create the best ideas. “Good enough” never is.

2. Have an entrepreneurial mindset. No, they don’t need to have started a company in their past or even have had a lemonade stand as a kid. Entrepreneurs—and people who think like them—love solving challenges. The tougher the better. The entrepreneurial mind leads to creation. It reveals opportunities where others see problems. Show us someone with an entrepreneurial bent, and we’ll show you a person who feels completely in control of his or her choices and the outcome.

3. Complement one another. An organization filled with right-brained, divergent people will probably come up with an endless string of new ideas but lack the discipline to carry them to fruition. A left-brain-dominated, convergent culture will execute well, but the quality of the ideas could be lacking. In our experience, the most innovative companies and the most enlightened leaders have found a balance that allows the team to identify and focus on the most important insights, create differentiated ideas to meet them, and execute the ideas with precision. Is your team in balance? How about your leadership style? Does it create imbalance?

And as team captain, you want to make sure you do those three things yourself. We cannot stress that enough.

And now, at the risk of triggering hate mail again, let us underscore whom you simply have to fire if innovation is your charge. When faced with any of the following three types of destructive and consistent behavior—and you have found it impossible to change the chosen mindset that produces it—say goodbye. Quickly.

But first a disclaimer: We hate letting people go. We think you should, too. A termination often indicates that the company has failed the person. So we agree with the many angry readers who have suggested that you must strive to hire only people with the right DNA and then surround them with managers who make them even better. Then and only then, do you fire them if they don’t improve.

Now on with whom you should terminate:


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