Stress games for groups

NEW DELHI: How much is a great idea worth? In the case of Uber Technologies Inc, the answer is $3.7 billion. That’s the value of the stake held by Garrett Camp, the inventor of Uber, ahead of the company’s first day of stock trading on Friday. It’s an unfathomable sum, even for Camp, who was already an internet millionaire. With that haul, Camp could buy his hometown hockey team, the Calgary Flames, and probably still afford the seven other teams in its division. He could gift a brand-new Toyota Camry to nearly a fifth of the population of his adopted city, San Francisco. Instead, he says he’ll spend a chunk of the money on the thing he loves most: creating startups. The Uber IPO is America’s single greatest corporate wealth creation event since Facebook Inc. Uber’s initial public offering values the business at $75.5 billion. As with other Silicon Valley success stories, the money will be concentrated among a small group of early employees and … [Read more...] about How much is an idea worth? In Uber’s case, $3.7 billion

Email ABC News Breakfast Updated May 11, 2018 11:24:52 Photo: Toxic masculinity has been identified as a particular problem in Australian culture in recent years. (Supplied: Calli B/Instagram: @kiprat) Related Story: Stacys, Brads and 'reverse rape': inside the terrifying world of 'incels' Related Story: Male privilege has lasting effects on boys. I see it in court every day Map: Australia "Boys will be boys" is a familiar catch-cry, but now some experts say Australia has a masculinity issue and are calling for a rethink of how we raise young men.The topic of masculinity and boy behaviour has hit the headlines recently, from the rising prominence of the "incel" movement to the story of a group of boys beating an autistic teenager with spanners.Meanwhile, the suicide rates for young men is reaching critical levels and leaving devastated parents questioning what could be done.'They're learning to be bad'Recently, author Tim Winton spoke about what he believes is … [Read more...] about Why psychologist Steve Biddulph wants to change the way we raise boys

AMC stocks offer a good long-term structural play, says Gurmeet Chadha, Co-founder, Complete Circle Consultants. Excerpts from an interview with ETNOW. Why would YES Bank deny Erwin Singh Braich’s offer because that seems the most sizable bid and they are in desperate need of funds. I do not think you know beggars can be choosers at this stage?Capital is capital. My sense is while the board recommended it, it is probably having a rethink on how it is going to work out with RBI. The credentials of the investors is something that RBI will have a lot closer look at. Mind you, 60% of the entire capital raise was to come from this one group. My advice to investors is to just stay away till the time the fundraise actually happens. This frequent flip-flop on fundraising is becoming a kind of a joke. Also if you go to the balance sheet, the GNPA last year same time was at 1.4%. Right now, it is 7.2%. The corporate banking still is about 62% of the entire loan book and if you break up … [Read more...] about Gurmeet Chadha on YES Bank, SBI, Voda Idea & equity inflows

Russia will miss next year’s Tokyo Olympics and the 2022 Beijing Winter Games after the World Anti-Doping Agency on Monday banned the powerhouse from global sporting events for four years over manipulated doping data. WADA’s executive committee, meeting in Lausanne, decided that Russia be handed the four-year suspension after accusing Moscow of falsifying laboratory doping data handed over to investigators earlier this year.ALSO READ: What a four-year doping ban would mean for RussiaNot only will Russia be ruled out of the next Olympic cycle, but Russian government officials will be barred from attending any major events, while the country will lose the right to host, or even bid, for tournaments.“WADA’s executive committee approved unanimously to assert a non-compliance on the Russian anti-doping agency for a period of four years,” WADA spokesman James Fitzgerald said.Under the sanctions, Russian sportsmen and women will still be allowed to compete at the … [Read more...] about WADA bans Russia from Olympics for four years over doping