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For those of us sick of the squash court, there are alternatives
Lifestyle, 4:01
<p>If Saturday morning soccer is getting old, or you are finding the humdrum of Wednesday night squash a little too repetitive, why not try something else?</p> <p>Business Insider has thrown together this intriguing list of sporty pastimes from around the world. Food for thought when organizing that next office team exercise. That said, it will take some convincing to get the finance department to clear that expense claim for half a dozen racing goats.<br /> Photo: Peter Grima</p>
The top Wall Street internship resume winners
Lifestyle, 4:01
<p>The one-two punch for nailing a Wall Street internship is simple, a former bulge-bracket analyst told Business Insider. Most important?</p> <p>1. Have a GPA of at least a 3.6.</p> <p>2. List relevant experience.</p> <p>3. Write three non-finance interests.<br /> Photo: istock Rich Legg<br /> &nbsp;</p>
T-Mobile CEO buys penthouse apartment once owned by William Randolph Hearst for $18 million
Lifestyle, 4:01
<p>You probably already know this: T-Mobile CEO John Legere has mogul fever. But in case you've missed the point for the magenta-loving honcho, Legere just bought a penthouse overlooking Central Park for a cool $18 million. The orignal owner? William Randolph Hearst of Citizen Kane fame.</p> <p>The duplex features a 1,500-square foot terrace and a pretty darned good view of New York City. The monthly fee for the four-bedroom, four-bath prize: $6,907.</p> <p>Do you think he will be decorating in T-Mobile colors?<br /> Photo: Todd<br /> &nbsp;</p>
Mikhail Zelman, the man behind Burger&Lobster on his first McDonald’s hamburger and selling 5,000lbs of lobster a day
Lifestyle, 4:01
<p>Mikhail Zelman is certainly one of the most successful restaurateurs in London. His company Global Craftsman Group (GCG) includes 13 Burger&amp;Lobster chains, 3 Goodman steakhouses, Smack Lobster Roll, Rex &amp; Mariano, and Beast, which only serves Canadian crab and Nebraska-fed beef, writes FinBuzz.</p> <p>Zelman’s business started in London, but now seven more restaurants will open, one in Qatar, Kuwait, and the UAE. Mikhail invited Gyuzel Gubeydullina to interview him at his Mikhail Zelman School of Success office. Here, aspiring restauranteurs are taught how to welcome guests, choose meat, and cook the world’s best burgers and lobster.</p> <p>In fact, there is no menu, just two options: a burger or lobster.</p> <p>In London, it is expected to have to wait for a table, but it is rare to see a queue of people lined on the streets in the rain for a lunch. This is what I saw at the Burger&amp;Lobster in City, near the Royal Exchange. Right now it is my favorite restaurant, but there is one but – you even need to book a table for lunch. But who knows the price/quality balance better than investment bankers, working here in City?</p> <p>Soon the empire is set to expand. London’s chattering classes are talking about the (so far unconfirmed) news that the Qatar Investment Authority (QIA), a sovereign wealth fund, has invested 30 mln pounds in Zelman’s business. If the rumours are true, they are understandable for them to be impressed by the fact that the total monthly revenues of his restaurants are between £50,000-140,000. In an attempt to understand the phenomenon of Mikhail Zelman, who before was a stockbroker in Russia, we went for an interview.</p> <p>BEING A RESTAURANTER IN RUSSIA IN THE 1990s</p> <p>Mikhail, tell us how it all began?</p> <p>I finished school at age 14 in 1991 because I wanted to start working. In the 1990s, there were stores in Russia that were selling foreign stuff and everyone wanted to buy these things. I needed money to take girls out on dates, so I finished school as soon I could and went to work for my father — as a fitter-adjuster in the tool shop, where I stamped lids for the canning. I lasted only seven days. But I still remember my mentor Zura Mikhailovich.</p> <p>What a great career! How did you get interested in restaurants?</p> <p>I quickly understood that I had a unique opportunity to build my own business, do things that my father would have shot dead for. So I had this desire to make money and went to work for the Commodity Exchange, I was the youngest broker! I was trading vouchers for former Soviet factories that still produced and sold stuff like canned meat, machinery. Because of the weak economy, everything was sold on a barter basis. That year I bought myself my first car. Then I went deeper into business and started to organise logistics for the factories that were selling abroad. My older brother was already living in Israel. I visited him and was struck by when we ate at a Mongolian bar and grill After coming back to Moscow I persuaded a friend to open the same restaurant in Moscow. We called it Tamerlan. Working there I first realized that I had to be a restaurateur and that meat is my passion.</p> <p>Why meat?</p> <p>It all comes from the childhood. My dad — a very welcoming character. We always had guests at home, laughing and enjoying homemade barbecue from a hand selected meats. </p>
What we're reading: fantasy falters but reality inspires hope
Lifestyle, 4:01
<p>A warning for bubble investors, a disgruntled banker, a cure for ISIS, a list to reflect on and a happy tale of human resilience.</p> <p>The fantastic rise and fall of daily fantasy sports: A salutary lesson for venture capitalists as the FBI and US Justice Department investigate the business models of FanDuel and DraftKings. A relentless pursuit of customers with the promise of huge prizes, all funded by investors frightened about being left behind. The Wall Street Journal</p> <p>Another banker in court, but this one thinks he was screwed. A Dutch derivatives trader tells a British employment tribunal that he was fired so his boss could take the credit for his idea to save Barclays £51.5 million and boost his own bonus. Who would’ve thought that such machinations take place in the City? The Daily Telegraph</p> <p>Blocking financing to ISIS. Efforts to train and equip anti-Islamic State fighters have failed, so the U.S. and the West need to focus on choking financial support for ISIS. Nothing else has worked and besides, military action has been mired in confused objectives and has fuelled the misery for Syrians. Funding could well be ISIS’s Achilles Heel. The New York Times</p> <p>10 things you can’t live without. Okay, unlike the author my life would not be impaired by the absence of polka dots or red lipstick, but the list gives pause for thought. Even better, try to compile your top-ten without including anything techy. The Huffington Post</p> <p>Young Spanish entrepreneurs show creativity and initiative. Despite economic crisis and massive unemployment, the youth of Andalucía are combining new technology with old traditions to make their way. Time for the tourists to return and enjoy the beaches while gorging on locally produced food. The Spectator<br /> Photo: Hartwig HKD</p>
China's taste for red
Lifestyle, 4:01
<p>Everyone knows that a Parisian instinctively reaches for a bottle of Merlot to quench his thirst and that French babies are weaned on the juice. But, astonishingly France is no longer the biggest consumer of red wine.</p> <p>Last year, the Chinese overtook the French, guzzling almost 1.9 billion bottles of plonk and are now set to become the world’s leading winemakers, according to The Little Red Book published by Week in China.</p> <p>“Xi Jinping’s campaign against free-spending officials has hit China’s fine wine salesmen hard, with purchases of expensive bottles all but drying up. But there’s a silver lining to the slowdown as millions more consumers choose to drink more affordable wine for the first time,” say the authors.</p> <p>The boom in the best vintages is apparently subsiding, and the industry is now excited by the start of a new era for wine in China as drinkers opt for cheaper – and no doubt more hangover-inducing - brands.</p> <p>And China’s much reported anxiety about food security and farmland scarcity seems to subside after a couple of glasses.</p> <p>The Chinese have more than doubled the amount land devoted to the vine during the past 15 years and claim to have almost 11% of the global grape area, according to the International Organization of Vine and Wine.</p> <p>But, like China’s GDP figures, these numbers are a bit misleading. A large portion of the country’s new vineyards hasn’t reached production and much of the harvest in the short-term is likely to end up as table grapes and raisins.</p> <p>So that’s good news for international wine firms. Ganbei.<br /> Photo: F Delventhal</p>
Seasonal style tips from Savile Row legendary tailor
Lifestyle, 4:01
<p>How does the world remember Paul Wolfovitz from the World Bank? What first came to your mind after seeing his name? Holes in his socks that were exposed during his visit to a mosque in Edirne, Turkey?</p> <p>Of course he did a lot to fight poverty around the globe, but because of the staggering contrast of his high up position vs. poor wardrobe maintenance, he remains a subject of jokes about a banker with holes in his socks, putting into question his professional abilities, writes FinBuzz.</p> <p>It’s no secret that one’s wardrobe should reflect professional achievements, but how to achieve that if you have no time to learn about style?</p> <p>Brian Lishak, co-founder of the bespoke tailoring house Richard Anderson at 13 Savile Row tells you exactly what to wear this season to look at your best.</p> <p>Cut is everything</p> <p>“First of all, I need to say that Savile Row is not about trends, it is about making a man look his best using special cut and colour combinations”.</p> <p>That’s why when you enter Brian’s atelier, you will be asked questions about your lifestyle and business style, measured and photographed. That kind of research ensures the final product is right just for you.</p> <p>“Fashion Industry will sell you a trend,” says Brian, who worked at Huntsman from 1956 till 2001. “But our job at Savile Row is to make a man look as slim and tall as possible. Each client is different and we always look at a man’s size, habits, complexion, lifestyle and business style to guarantee he gets what is good for his personal ways, at the same time achieving as much of the trendy lean and hungry look as we possibly can.”</p> <p>Japanese Denim</p> <p>However, there are some trends that today’s men follow anyway and Brian simply offers the best products on the market.</p> <p>“Modern men often prefer to wear jeans and a smart jacket, while in the past smart jackets would always go with smart pants”.</p> <p>A few years ago, when the jeans trend began, Richard Anderson Ltd started searching for true denim and it led them to… Kurashiki! It is a well-known fact that denim was popularised in the USA, however when the love affair with American culture reached Japan in 1955, many Japanese businesses started to produce own denim and innovate. The company in Kurashiki went to Nîmes, France, where denim was originally produced by the Andre family, and bought the original denim-producing machines. They brought the machines back to Japan and up to this day produce a traditional raw vegetable-dyed indigo selvedge denim, which Brian uses for jeans and jackets.</p> <p>“Japanese denim is arguably the best one the world now. There at Kurashiki they make for us special jeans that are cut by our designs. The trick is — we cut them slightly tight on the upper part of the leg and straight down from the knee. That makes our jeans compliment every figure.”</p> <p>Pants and Shirts</p> <p>“We also make special narrow corduroy trousers in ruby red, russet, brick orange and navy blue. Combined with sport designer shirts or light wool crewneck sweaters they help to easily achieve modern British stylish look.”</p> <p>“As for the shirts — light blue is a universal colour. 50% of all shirts we sell are light blue, which is so easy to wear. However a lot of people still like pale pink and pale violet, which we make too. The only difference of our shirts is the wide-spread collar. That gives more space for the tie”.</p> <p>Controlled Ties</p> <p>For two years narrow lapels were in</p>
Wall Street still wants Jeb
Lifestyle, 4:01
<p>There's no love lost between Wall Street and Donald Trump. Or Ben Carson. Or a number of other presidential candidates for that matter. But Jeb Bush is quietly accumulating Wall Street support.</p> <p>Half of the top 10 employers of Bush donors are in finance: Goldman Sachs, Morgan Stanley, Merrill Lynch, Neuberger Berman, and Barclays, reports The Wall Street Journal. Employees from 11 major financial firms gave about $200,000 to Bush between July and September, far beyond Bush's Republican opponents. Hillary Clinton has raised less than $130,000 from those firms. Industry titan Anthony Scaramucci, founder of SkyBridge Capital, recently joined other finance professionals on Team Jeb after Wisconsin Gov. Scott Walker dropped out of the race.</p> <p>But filling his accounts with Wall Street money won't win Bush the hearts and minds of the Joe the Plumbers of this election. Is having the support of Wall Street a financial gift or a political curse?<br /> Photo: Gage Skidmore <br /> &nbsp;</p>
Millennials expect highest salaries in Australia, Emirates and US, according to survey
The results are in for the “cost of talent 2015” survey. The detailed report shows current trends in competitive wages across the globe for the next generation of employees, writes FinBuzz. The survey was conducted by Universum, a company engaged in employer branding and research. The data shows an abysmal gap between the salary expectations of the graduates in different
When Warren Buffett knew he was rich
Lifestyle, 4:01
<p>I’m not exactly a big fan of Warren Buffett, but this answer he had for a student back in 2005 is beyond fantastic, and I thought you guys would like it too – especially those still in the early stages of their careers.</p> <p>Without further ado, here’s Warren Buffett on when he knew he was rich (h/t Josh Brown):<br /> Q: When did you know you were rich?</p> <p>“I really knew I was rich when I had $10,000. I knew a long time ago that I was going to be doing something I loved doing with people that I loved doing it with. In 1958, I had my dad take me out of the will, as I knew I would be rich anyway. I let my two sisters have all the estate.</p> <p>I bet we all in this room live about the same. We eat about the same and sleep about the same. We pretty much drive a car for 10 years. All this stuff doesn't make it any different. I will watch the Super Bowl on a big screen television just like you. We are living the same life. I have two luxuries: I get to do what I want to do every day and I get to travel a lot faster than you.</p> <p>You should do the job you love whether or not you are getting paid for it. Do the job you love. Know that the money you will follow. I travel distances better than you do. The plane is nicer. But that is about the only thing that I do a whole lot different.</p> <p>I didn't know my salary when I went to work for Graham until I got his first paycheck. Do what you love and don't even think about the money. I will take a trip on Paul Allen's Octopus ($400M yacht), but wouldn't want one for myself. A 60 man crew is needed. They could be stealing, sleeping with each other, etc. Professional sports teams are a hassle, especially when you have as much money as him. Fans would complain that you aren't spending enough when the team loses.</p> <p>If there is a place that is warm in the winter and cool in the summer, and you do what you love doing, you will do fine. You're rich if you are working around people you like. You will make money if you are energetic and intelligent. This society lets smart people with drive earn a very good living. You will be no exception.”<br /> Photo: Fortune Live Media</p>