“There is evidence of deep-seated cultural and ethical failures at many large financial institutions,” he continued. “Whether this is due to size and complexity, bad incentives, or some other issues is difficult to judge, but it is another critical problem that needs to be addressed.”
via New York Fed Chief Levels Explosive Charge Against Big Banks.
Theres a growing number of startups focusing on the food market. Thats likely because, as VC Dave McClure says, the market opportunity for food technology is huge.
Last year, investors poured in roughly $350 million into food startups, according to CB Insights. Last month, Food Hackathon hosted its inaugural event in San Francisco with the goal of teaming up entrepreneurs, developers, and designers to create products geared toward the food ecosystem. And just last week, Seamless and GrubHub announced a merger, bringing even more attention to food startups.
Check out an infographic that puts all of the data breaches of the last few years in visual terms
Investment bank Piper Jaffray & Co. has released its 26th semi-annual “Taking Stock With Teens” consumer insights project, which pointed to a sequential sign of spending moderation and tempered intent to spend across multiple categories and household income levels.
“Our fall 2013 survey results suggest teens are experiencing general spending fatigue across key categories, specifically fashion related items. The absence of a clear product catalyst is a key contributing factor to diminished spending proclivity. Intent to spend also moderated, despite over two-thirds of teens signaling confidence the economy is stable to improving,” Steph Wissink, co-director of research and senior research analyst at Piper Jaffray, said in a news release. “We are also observing trends that imply teens are browsing regularly on their mobile devices, shopping less frequently and engaging with brands ‘on demand’ on their own time. This dynamic alters the assumptions surrounding the square footage and retail inventory needed to service this target demographic. A period of rationalization may be needed.”
Some findings from the survey include:
“Every time you upload a photograph to Facebook or put one on Twitter for that matter you are now ratting out anybody in that frame to any police agency in the world that’s looking for them,” digital privacy advocate Eben Moglen told BetaBeat last year during a rant against one of its reporters. “Some police agencies in the world are evil. That’s a pretty serious thing you’ve just done.”
…the linkage, established using data on millions of randomly sampled Americans, was extraordinarily robust.
Doubling home ownership in a state can lead to more than a doubling of the jobless rate.
“I have become convinced that by boosting home ownership we have ruined our labor market,” Oswald said.
The changes mean small business owners borrowing $150,000 will no longer have to come up with $2,550 in upfront fees at the time the loan closes.
Nearly half of all adults have worked in the restaurant industry at some point, and 46 percent of restaurant employees say they would like to own a restaurant someday.
Clearly many people dream of owning a restaurant. No one dreams of owning a failed restaurant, though.
That’s why I asked Tyson Cole, one of the Food &Wine magazine’s 2005 Best New Chefs, 2011 James Beard Foundation Best Chef Southwest, and co-owner of the Japanese restaurants Uchi and Uchiko in Austin, Texas, for tips for would-be restaurateurs.
Just keep in mind Cole’s background is varied, extensive–and unusual.He quit one job after he was told he couldn’t make sushi because he was white; he was rehired two days later but told he had to work in the back where guests couldn’t see him. He was also fired for giving a guest a free dessert; he was rehired when the manager found out the guest was Denzel Washington.
Heres what he says, in his own words, about how to start a successful restaurant:
