The understatement of the day comes from Fed chairman Ben Bernanke who essentially says: I'm Dispensable.
“I don’t think that I’m the only person in the world who can manage the exit,” Bernanke said when asked at a news conference in Washington if he’s discussed his plans with President Barack Obama.
MONTREAL — Efforts by successive Quebec governments to find more revenue sources over the years have contributed to an unintended consequence on the store shelves of the province’s liquor monopoly: the near-extinction of cheap wine.
Sipping ruby-red Saperavi wine at his factory in eastern Georgia, Donato Lanati launched into a fervent ode to the ex-Soviet republic's ancient wine-making traditions."Georgia is the birthplace of wine. It has millennia-long tradition of wine-making, but its excellent wines are an absolutely new discovery," outside the former Soviet Union, Lanati, an Italian who is chief wine-maker at the Badagoni Wine Company, told wine experts gathered from around the world.
The health properties of red wine have long been debated but an Australian biochemist believes he has created a drop so loaded with antioxidants that it could treat a range of ills. Brisbane-based Greg Jardine said he has patented a group of compounds created during the wine-making process which he says act as an anti-inflammatory and could help battle conditions such as arthritis and chronic fatigue.
A question from an aspiring entrepreneur: I am planning to start a business, but to be honest, I wonder if I really would be better off remaining an employee. How much confidence did you have that you were doing the right thing when you launched your business? So you want to be an entrepreneur? Don't do it. That's my best advice. At least it’s my best advice without knowing you. And since I don't know you, I assume that you want to become an entrepreneur for the same reasons as most people. The same wrong reasons.
By George Jarkesy:Two Luxury Goods MakersWith the recent publicity about the "Occupy Movement" and its highlighting of the income disparity between the 99% and the 1%, I thought investors might be interested in learning about companies doing very well selling to the 1%.