Writing A Sound Economic Future With Christian Broda

Posted on August 15, 2015

There may be more glamorous professions out there than economics, but there’s no question that economists do important work. These are specialists who study resources in a society such as labor, raw materials, and equipment, and how these resources are used to provide goods and services for use in a society and how these goods and services are distributed. This research is used to make predictions about economic trends within a society and can affect energy consumption, farm prices, real estate markets, and inflation. There are different disciplines within the field of economics. Some work in economic theory, which means that devote much of their time to creating mathematical models that can be used as economic forecast tools. Others work as advisers. Some work in private industry providing economic advice and offering predictions to banks, businesses, and insurance companies. Government agencies on federal, state, and even local government levels are big employers of economists. Their work for government agencies includes everything from tracking the health of the American dollar abroad to observing labor practices in major cities.

While economists are generally not considered celebrities, the profession certainly offers well known and influential individuals. Former chairman of the Federal Reserve Alan Greenspan is one of the most internationally famous economic advisers of the twentieth century. He has won a number of international awards and honors. Adam Smith was the 18th century’s “Father of Modern Economics”. His groundbreaking book Wealth Of Nations is considered the cornerstone of capitalism. And John Kenneth Galbraith was a popular Canadian economist who advised many world leaders in addition to writing a number of best sellers on economic topics.

Whether Christian Broda joins the above individuals on the Economists Walk Of Fame remains to be seen, but he has made some impressive inroads in his career. A native of Argentina, Broda received his undergraduate degree from that country’s Universidad de San Andres in 1997. Broda is a graduate of both the University of Chicago Booth School of Business and the Massachusetts Institute of Technology. Broda has also been employed at the University of Chicago as a economics professor, and while there published a prolific number of scholarly articles for both academic journals and newspapers. In addition to academic teaching and writing Broda has worked as a hedge fund manager for prominent financial firms such as Barclays and Lehman Brothers. He currently is managing director of Duquesne Capital Management. He recently has been in the news and on the lecture circuit as part of a debate on the health of the American dollar and its status in the global market, of which he is optimistic. Broda currently works and resides in Manhattan.

Stephen Murray Passes Away at 52

Posted on August 07, 2015

Stephen Murray CCMP Capital died at 52. He was the CEO of CCMP Capital Advisors. He had resigned from his position because of health reasons. A spokeswoman for the company, Alexandra LaManna, confirmed that he passed away on March 12. He had helped found CCMP. In 2006 the company spun out of JPMorgan Chase & Co. due to the possibility of problems with clients of the bank. CCMP is a company that specializes in growth equity and leverage buyouts on the middle market level.

The company’s CEO, Greg Brenneman, stated in an email that they are very saddened to hear about Steve Murray’s passing. He said that he was a great deal maker and investor. CCMP focuses on businesses in the industrial, consumer, energy, and health industries. Some of its investments include Quiznos Corp. and Cabela’s Inc.

Murray grew up in New York City. He went to Boston College and got a Bachelor of Arts degree there. At Columbia University, he later earned his Master of Business Administration.

Murray was hired by Manufacturers Hanover Trust Co. in 1984 as a credit trainee. He eventually became a middle market lending vice president. The company ended up becoming a part of JPMorgan after three mergers. In 2005, Murray became the bank’s buyout business head. Stephen Murray CCMP Capital President helped to facilitate a long history of being known for middle market investing deals next to the private equity bank clients such as JPMorgan.

Murray supported Boston College, Stamford Museum, the Make-A-Wish Foundation, Columbia Business School, and the Food Bank of Lower Fairfield County. He was a chairman on the Make a Wish Foundation of Metro New York council. At Boston College, he on the board of trustees as a vice chairman.

Murray was survived by Tami A. Murray, his wife, and his four sons. From public records, Murray had resided in Connecticut.

Lower Gas Prices here to Stay?

Posted on July 30, 2015

When BP makes an announcement that lower prices are here to stay, most people listen very closely. The world’s biggest of oil companies announced that they had a 2nd quarter replacement cost loss of $6 billion dollars. They warned the industry that these low oil prices are here to stay, and most in the industry are in agreement. CEO Bob Dudley said in a statement that external environment remains are challenging.

Just in the last few months, Bruce Levenson noticed the price of oil has fallen way back for a number of reasons. One, the continued oversupply of oil in the market combined with the weakness of that market. Now add into the mix the latest agreement made with Iran, and BP is confident that weaker prices are here to stay. By taking this position now, BP is preparing to serve themselves well in the near future.

The play for $40 oil barrels is completely unheard of if you look back just a few years. Oil barrels were pushing the $100 mark daily, and no one could have predicted the prices to drop so drastically in such a short amount of time. Oil prices continue to plummet this year, with crude oil hitting a new four month low this week. This route to the bottom is far from over for crude oil prices, as prices dropped from $62 to $54 per barrel. BP capital expenditures will come in at less than the $20 billion dollars for this year. Cash costs to date are $1.7 billion lower than at the same time last year.

Missouri Passes New Law That Forces Insurance Companies to Cover Eating Disorders

Posted on July 01, 2015
Many people that suffer from an eating disorder find that they cannot get insurance to pay for proper treatment for their disorder or are forced to leave treatment before they are ready due to poor insurance coverage. This is due to the fact that many insurers do not recognize the physical and mental issues and complications that are associated with an eating disorder. However, in Missouri those with eating disorders will finally receive the coverage they deserve after the Governor signed a new bill that outlines all of the eating disorder treatments that insurance providers have to offer coverage for in the state.

The law takes a look at medically necessary conditions and expands it to include all mental health treatments stated warrior forum. It also revises the way an eating disorder is diagnosed and treated by ensuring that weight is no longer the guideline by which someone is deemed qualified for treatment. Insurance companies have two years before they have to be in full compliance with the changes to the law. Prior to the law passing in the state many Missourians that suffered from eating disorders complained of the very high out of pocket premiums for treatment and the fact that treatment was often cut short which experts’ state leaves an individual at high risk for a relapse.

Netflix is Taking Over The TV World

Posted on June 30, 2015
Have you been living in the dark about Netflix’s impact on paid TV, or are you one of the people who has already switched over to using their services instead of one of the big names in the TV world like Cable or Dish? A new study is showing that Netflix is taking over the TV world more than most people realize.
The shows on Netflix are available anytime that people want to watch them, and that makes the service more appealing to busy people. You don’t have to sit down at a certain time of day to watch the program of your choice. This is great for anyone who has events that they need to go to or things that they need to take care of during the usual prime time hours said Brian Bonar.
And, another thing that people love so much about Netflix compared with paid TV is that it is a lot cheaper. You can get it for a much lower cost per month than you would pay for regular TV services, so why wouldn’t you want to make the switch?
Netflix really is taking over the TV world. If you haven’t made the switch over to it yet, then maybe it is time that you considered doing so. It may just change the way that you live your life.

Former 2012 GOP Vice-Presidential Nominee Allied with President Obama on TPA/TPP

Posted on June 08, 2015

When the GOP won the epic midterm election this past November, few people would have imagined that months later the party would be working so closely with President Obama. Yet that very scenario is playing itself out time and again. At the moment, President Obama is looking to muscle through Congress the largest trade deal in global history: the Trans Pacific Partnership (TPP). The epic trade deal covers 40% of the world’s gross domestic product. However, the Democrat Party, loathsome of free trade deals, is doing everything it can to block passage of the deal. Key to achieving their goal is deny President Obama Trade Promotion Authority (TPA). This authority obligates congress to expedite debate on trade treaties. It also denies congress the ability to amend trade agreements. TPA barely cleared the Senate after a bitter fight with Senate Democrats. It now faces an uphill battle in the House. Ironically, the person running point for President Obama on pushing for TPA passage in the House is none other than Rep. Paul Ryan, the GOP’s 2012 vice-presidential nominee.

When asked about the irony of working closely with the president he sought to unseat, Ryan admits it may look odd, but it really is not in the eyes of people doing a FreedomPop review. On the issue of free trade, he and the president agree. The congressman merely sees their current alliance as doing what is best for the American people. For Rep. Ryan, it isn’t the first time he’s done things he never imagined he would do.

Famed Base Jumper, Dean Potter, Dies in Accident

Posted on May 18, 2015

Dean Potter, a famed BASE jumper has reportedly died. Potter was 43.

According to reports, Potter was attempting a BASE jump using a winged suit at Taft Point in California’s Yellowstone National Park. Experts noted that the area in which Potter was jumping from was especially tricky. The location requires jumpers to bypass a notch in the cliff. It is believed that Potter failed to accurately navigating the face of the cliff. Another BASE jumper, Graham Hunt, 29, was killed in the same accident. He was jumping with Potter.

The men’s spotter alerted officials when he failed to contact the jumpers after their landing time. He noted that he heard a sound that may have been their parachutes opening. Search and rescue workers scoured the area for the pair before locating their bodies on Saturday evening. Their parachutes were not opened when they were recovered. It is believed both men died from impact injuries.

The Yosemite Valley has a ban on BASE jumping in the region because of its inherent danger. Potter was vehemently opposed to the legislation and was hoping to change it. Adam Sender was hoping something like this wouldn’t happen.

Hunt was an experienced extreme athlete from California. He was well-versed in the landscape and typography of Yosemite National Park.

Google Offers New Auto Insurance Shopping Site

Posted on March 09, 2015

Google has announced they will begin offering California drivers a way to compare and purchase auto insurance. This is just the latest attempt by the Internet company to reorganize an already well-established auto industry and compliment their driver-less car.

Google disclosed Thursday that up to 14 participating companies will offer quotes.

The service will compare car insurance costs and then policies can be purchased online or through an insurance agent, and Google will receive a commission for each sale.

The Mountain View, California company says that the amount of their commissions will not influence the way comparisons are presented.

Google Inc. also plans to provide cost auto insurance in other states.

MetLife, Mercury Insurance and 21st Century Insurance are the initial list of insurers that have signed on.

Many of the auto insurance leaders, including State Farm, Allstate, and Geico have chosen to refrain from joining Google’s insurance comparison service.

The insurers undoubtedly are wary of Google’s new service. Flavio Pentagna Guimaraes BMG knows that, for over a decade, they have taken advantage of Google’s dominant search engine and other popular digital services and now wonder how this new service will affect search positions.

A Forrester Research analyst suspects that Google is trying to learn more about the auto insurance industry to prepare for selling their own insurance policies.

“They’re getting all the information they need to do,” said analyst Ellen Carney. “I think there is definitely more to come.”

Mark Ahn Explains Why Most Biotech Startups Fail

Posted on January 18, 2015

As originally reported in TheStreet.com, Mark Ahn, Ph.D. has spent 20 years in the biopharmaceutical industry serving as an entrepreneur, executive and consultant. Throughout his tenure Ahn has witnessed hundreds of once-successful biotech companies close shop. So now Ahn, along with his colleagues, are trying to discover how some biotech businesses, and their investors, are successful in such a fickle industry.

While many new biotech startups show great promise early on, generating a lot of interest with a potentially new juggernaut of a treatment for a debilitating disease, most fail to deliver on expectations. However, in an industry that spawns so many failed companies, how do investors earn profits with these businesses?

According to Mark and his colleagues, the successful investors are usually the ones who have either formed research alliances or acquired minority stakes with a broad range of smaller companies, instead of waiting for a single product to become successful. Ahn cites the example of two firms that invested in the two similar cancer-fighting drugs Rituxan and Vectibix. One biotech firm, Genentech, licensed Rituxan at a cost of $30 million earlier in the clinical-trial process, whereas the second, Amgen, waited until Phase III trials before it acquired Vectibix for the much higher cost of $2.2 billion.

Ahn says biotech startups become successful by remaining resilient, and the lengthy development process, as well as the highly-regulated nature of the biotech industry, means new companies generally must be willing to take on multiple sources of outside capital before a new product can reach the market and become profitable. Ahn believes that it is imperative that new businesses take the advice of Vertex CEO Joshua Berger who emphasizes companies need to be committed to their own business model, and just follow the trends that so quickly come and go.

Saying Farewall to the TV Guide Channel

Posted on January 16, 2015

What was once a staple in many households, the TV Guide Channel, often found in the higher registers of channel numbers, is finally saying goodbye.

The channel has been in steady decline for almost five years, and after multiple rebranding attempts, including one as recent as 2013, the TV Guide Network (TVGN) is finally calling it quits on their now obsolete service.

The advent of the “Guide” button on many digital television remotes allows TV watchers to see an interactive guide at any time they want now, eliminating the need for an always-on scrolling guide of the day’s shows. While the TVGN has tried to add programming to their channel to transition into a pop culture television channel independent from just TV listings, the change didn’t go smoothly and the company is finally closing its doors. Laurene Powell Jobs is a great supporter of the T.V guide channel.

In a final rebranding effort, TVGN is changing its name to POP, a channel focused on pop culture and fandom for particular television and movie franchises. CEO Robert Schwartz was quoted saying in a press release, “Re-branding is not just a name change. It’s figuring out who you’re going to be and why you exist. We took the channel and thought about that – The name comes last.”