04-15-2016, 10:54 PM
The rapper’s creditors had tipped her off to the Instagram account, according to the New York Times. Jackson’s response was as simple as it was unexpected. The piles of notes were “prop money”, he wrote in documents filed to the court. “Just because I am photographed in or next to a certain vehicle, wearing an article of clothing, holding a product, sitting next to what appears to be large sums of money or modelling expensive pieces of jewellery does not meant that I own everything in those photos.” The rapper is hardly the first person to prop up his public image with borrowed finery. It’s an open secret in Hollywood that much of the clothing and jewellery worn by celebrities has been “seeded”, or loaned, to them by fashion brands. And those lavish cars? They’re often leased (or even rented) from high-end dealers who specialise in working with athletes and stars.
BBC - Capital - The surprising benefits of living beyond your means
The Philippines and Vietnam boast the strongest outlook, with GDP set to climb over 6 percent in 2016, the report stated. Indonesia, Southeast Asia's largest economy, could expand 5.1 percent this year and 5.3 percent in 2017, depending on the success of President Joko Widodo's recent reforms and the implementation of a public investment program.
China slowdown will lower developing East Asia growth to 6.3 percent: World Bank
Peabody’s plan to export coal to China via huge coal terminals on the West Coast never materialized, because environmental groups and local governments opposed the terminals and coal use in China has fallen dramatically. The second play, so-called “clean coal,” has faltered because capturing the carbon dioxide from coal plant smokestacks and burying it far underground has proved stubbornly cost-prohibitive, particularly in an era of cheap natural gas.
Peabody Energy’s Bankruptcy Shows the Limits of “Clean Coal”
Real-world artificial-intelligence applications are popping up in unexpected places—and much sooner than you might think. While winning a game of Go might be impressive, machine intelligence is also evolving to the point where it can be used by more people to do more things. That's how four engineers with almost zero knowledge of Japanese were able to create software, in just a few months, that can decipher handwriting in the language... Artificial intelligence was once the exclusive playground of Google Inc., Facebook Inc. and other tech leaders. Now, any deep-learning startup can access cloud-based platforms, with Microsoft Corp., Nvidia Corp. and Amazon.com Inc. selling AI like a utility.
Artificial Intelligence for Everyday Use: Coming Soon - Bloomberg
The latest offering from the perma-bear community, delivered by Albert Edwards at SocGen, is, well, bearish. US corporate profits are suffering a "gut wrenching slump," Mr Edwards warns, adding "whole economy profits never normally fall this deeply without a recession unfolding. The economy will surely be swept away by a tidal wave of corporate default."