An Upstart Restaurateur’s Secret to Success: Skip School, Fail Big

John Meadow, 35, grew up thinking he’d one day own and operate the grand dame: the Plaza Hotel on New York’s Central Park. He graduated from Cornell School of Hotel Administration, went straight to the Plaza, and quickly discovered that the restaurant and hotel industry wasn’t quite as he had imagined it. Meadow then launched a successful bar, Local West (now under different management), before opening a plush restaurant inspired by his Plaza dream—Gin Lane—which nearly bankrupted him. A decade later, he is chief executive officer of LDV Hospitality, a chef, nightclub- and restaurant-operations conglomerate that controls some of the country’s biggest hits: Scarpetta in New York, Miami, and L.A.; Gurney’s Resort in Montauk; and American Cut, with chef Marc Forgione. Meadow represents a new breed in the business—people who are willing to lose a few to win more. Peter Elliot of Bloomberg Reserve talked with him at Bloomberg in New York.
Is it true that you learn more from failure than success?
Without a doubt. I had a freshman grand slam with my first restaurant, followed by the most horrific, sophomoric slump. Failure taught me everything to avoid as I go forward now. At Gin Lane, I was in the wrong partnership. We were under-capitalized, too many big egos, and worse, an undefined vision. “The Oak Room for Today” just wasn’t enough. The only thing that saved me was that at least, I had a great lease. That became Scarpetta, and then we were off to the races. Continue reading

ว่าที่เจ้าสาว คุยฟุ้งอีก 2 เดือนแต่งแน่

ได้ฤกษ์ดีจัดพิธีหมั่น ในวันที่ 6 ธันวาคม และงานฉลองมงคลสมรสที่ party in bangkok ในวันที่ 7 ธ.ค.นี้ กับแฟนหนุ่มตาน้ำข้าว “เจมส์ แอรอน โทมัส” โดยเจ้าตัวยอมรับว่ารู้สึกหวั่นใจ เพราะเหลือเวลาอีกแค่ 2 เดือน แต่การเตรียมงาน กลับมีความคืบหน้าแค่ 40% แถมคาดการณ์ว่าเชิญแขกร่วมงานอีกพันคน ส่วนเรื่องชุดเจ้าสาวที่มีข่าวแว่วออกมาว่าเวอร์วังจัดเต็มถึง 6 ชุด ก็ยังไม่สรุปว่าจะเลือกชุดไหนดี

นอกจากจะสวย เล่นละครเก่ง แถมยังโชว์ร้องเพลงได้เลิศ ตามแบบฉบับสวยครบเครื่องระดับนางเอกแถวหน้าจริงๆ สำหรับสาวชาม แล้ว ที่ไปร่วมงาน “ฉลองครบรอบ 18 ปี party in bangkok” ก็ทำให้นางดูสวย 360 องศาสมคำร่ำลือจริงๆค่ะ งานก็ดีชีวิตก็กำลังจะเป็นเจ้าสาวป้ายแดงแบบนี้ เธอรู้สึกยังไงกันนะเมื่อเจ้าบ่าวอยู่ไกล และเคยมีกระแสมือที่สามเข้ามา

ซึ่งงานนี้ทั้งคู่ขอออกมาย้ำถึงประเด็นสาว “แคท ซอนญ่า” เป็นมือที่สาม ด้วยการประกาศผ่าน party in bangkok ว่า เชื่อใจกัน แถมยังเก็บอาการเขินเอาไว้ไม่อยู่ เมื่อถูกสื่อถามย้ำถึงสถานะความสัมพันธ์ ก็บอกว่าแฮปปี้เสอมาและฝ่ายชายเองก็เป็นสุภาพบุรุษเมื่อตัดสินใจแล้ว มาถึงขั้นนี้ต่อไปจะเป็นยังไงก็ต้องยอมรับและอยู่กับมันให้ได้ แต่คำตอบครั้งนี้ก็ฟังดูชัดเจนมากกว่าการให้สัมภาษณ์ครั้งที่ผ่านๆ มา ก็ขออวยพรให้มีความสุขมากๆนะคะ

Rich Chinese Can Have In-Home IMAX Theater Systems for $400,000

IMAX China Holding Inc., which made its stock-market debut in Hong Kong this week, is launching an in-home entertainment system targeting wealthy Chinese who would rather stay home to watch movies. The cost: a mere $400,000.
IMAX, which started trading on Thursday on the Hong Kong stock exchange after an initial public offering that raised HK$1.92 billion ($248 million), is teaming up with Chinese manufacturer TCL Multimedia Technology Holdings Ltd. to provide screens 20-feet wide and 10-feet high, projectors and sound systems. Seats and popcorn dispensers are not included. Continue reading

เตือนสบู่คลอรีนทำให้ผิวขาวไม่ได้ อย่าหลงเชื่อ – ปวดท้องประจำเดือนแก้ไขได้ไม่ยาก ตกเป็นเหยื่อคำโฆษณา

ภก.ประพนธ์ อางตระกูล รองเลขาธิการคณะกรรมการอาหารและยา (อย.) และในฐานะโฆษก อย. เปิดเผยว่า จากกรณีที่มีกระแสข่าวเกี่ยวกับสบู่คลอรีน โฆษณาอวดอ้างสรรพคุณเกินจริง ใช้แล้ว ผิวขาวใส ขายกันอย่างแพร่หลายทางอินเทอร์เน็ต ปวดท้องประจำเดือนแก้ไขได้ไม่ยาก อย.มีความห่วงใยผู้บริโภค จึงได้ดำเนินการตรวจสอบผลิตภัณฑ์ดังกล่าว พบว่า สบู่คลอรีน (Chlorine Soap) มีการจดแจ้งด้วยระบบอัตโนมัติ เลขที่ใบรับแจ้ง 10-1-5856095 และ 10-1-5855918 โดยสูตรที่มาแจ้งกับทาง อย. ไม่มีสารฟอกสีในกลุ่มคลอรีน เช่น Sodium hypochlorite, Calcium hypochlorite เป็นส่วนผสมแต่อย่างใด นอกจากนี้ ทาง อย. ได้มีการลงพื้นที่ตรวจสอบสถานที่ผลิต และได้มีการสั่งซื้อทางอินเทอร์เน็ตและนำตัวอย่างผลิตภัณฑ์ไปส่งตรวจวิเคราะห์ เพื่อหาสารที่เป็นอันตรายต่อไป Continue reading

Bond Traders Win Over Economists as Fed Calls Pushed Out to 2016

When it comes to timing the Federal Reserve’s first interest-rate increase since 2006, economists are beginning to see things the way bond traders do.
Deutsche Bank AG and BNP Paribas SA have pushed back their forecasts for the policy-rate move until March, matching levels projected by interest-rate swaps. Treasuries have returned 2.1 percent since midyear amid a slowdown in the economy and inflation. The Fed has kept its target for the benchmark federal funds rate near zero since 2008. Continue reading

SABMiller Said to Have Rejected Informal Offer From AB InBev

SABMiller Plc rejected an informal takeover offer from Anheuser-Busch InBev NV of about 66.4 billion pounds ($100 billion) that it considered too low, according to people familiar with the matter.
The initial proposal to the brewer of Peroni and Foster’s beer, made last week, was worth slightly over 40 pounds a share, while its executives and some shareholders regard a deal at closer to 45 pounds as representing a fair value, the people said, asking not to be identified as details of the negotiations aren’t public. A deal at 45 pounds per share would value SABMiller at about 73 billion pounds, and would be the largest merger this year. Continue reading

Evoking `Think Small’ Urged as Primary VW Message Post-Crisis

In the 1950s and ’60s, when bigger meant better in American consumer culture, Volkswagen built its brand with ads that poked gentle fun at its diminutive vehicles. One early campaign featured a tiny Beetle perched in the corner of an empty page over the words “Think Small.’’ Others bore taglines like, “And if you run out of gas, it’s easy to push,’’ or “It makes your house look bigger.’’ Continue reading

Buy Emerging-Market Stocks as Pessimism Peaking, Barclays Says

A buy signal seen only four times in the past 12 years is flashing again in emerging-market stocks, according to Ian Scott of Barclays Capital.
Things got so bad, they’re going to turn around, according to the London-based equity strategist. In the worst quarter for equities in four years, money flows in emerging-market funds are trailing developed nations by a degree unmatched except in 2004, 2005, 2008 and 2014, Scott says, citing EPFR Global data. Yet on every one of those occasions, shares outperformed developed markets by at least 9 percent in the following six months, he says. Continue reading

Global Rally Shows Relief at End of $11 Trillion Stocks Meltdown

From stocks to commodities to emerging-market currencies, traders breathed a sigh of relief at the end of the most volatile quarter for financial markets since 2011.
Global equities advanced from a two-year low, with the MSCI All-Country World Index trimming the biggest quarterly drop in four years. U.S. stock-index futures climbed, while copper and nickel jumped. South Korea’s won and the South African rand gained more than 1 percent, and the yen weakened. Treasuries slipped, and the cost of insuring European corporate debt declined for the first time in five days. Glencore Plc shares rose for the second straight day.
With almost $11 trillion erased from global shares in the three months, and oil suffering its worst quarter since 2009, analysts debated whether Wednesday’s rally was just a blip. Riskier markets sold off amid a prolonged commodity slump, slowing growth in China and an exodus from emerging-market assets as the U.S. prepared to raise interest rates as soon as this year. Friday’s payrolls report will show the economy created 200,000 or more jobs for the sixth month this year, strategists forecast. Continue reading

Global Rout Eases as S&P 500 Futures Advance With Oil, Glencore

Financial markets showed signs of stabilizing after a rout Monday wiped $800 billion off global equities.
U.S. equity-index futures climbed, signaling the Standard & Poor’s 500 Index may halt five days of losses. Gains by crude oil and copper helped send the currencies of commodity-producing nations higher. The Stoxx Europe 600 Index pared its decline as Glencore Plc — which plunged 29 percent on Monday — rose.
“We may have seen the worst of the selling,” said James Buckley, a money manager who oversees about $43 billion at Baring Asset Management in London. “The greater macro uncertainty led by, but not exclusive to, China has really spooked investors. We’re trying to take a longer view.”
The rebound underscores the dynamic pitting investors concerned by a slump in commodities and the slowdown in China against those who see U.S. strength as sufficient to sustain global growth. Economic confidence this month in the euro region unexpectedly increased, while a report later Tuesday may show the U.S. housing market continuing to gather momentum.
S&P 500 E-mini futures expiring in December advanced 0.4 percent at 10:48 a.m. in London, after the gauge gave up 2.6 percent yesterday. West Texas Intermediate crude climbed 0.9 percent to $44.84 a barrel, following Monday’s 2.8 percent drop, and Glencore added 4.2 percent.
Brent crude rose 0.8 percent at $47.73 a barrel. U.S. stockpiles are forecast to drop for a third week, a Bloomberg survey of analysts showed before government data on Wednesday.
Copper for delivery in three months rose 0.3 percent, on course to halt a five-day decline, the longest run in more than a month. Zinc and lead also advanced.
Precious metals extended declines, with gold retreating 0.5 percent to $1,126.42 an ounce and set for the biggest three-day loss in a month. Platinum fell 0.7 percent to the lowest level in six years.
The Stoxx 600 pared a decline of as much as 1.8 percent and was 0.2 percent lower. Commodity producers rebounded from their weakest since 2009.
The slide has left the MSCI All-Country World Index trading at its lowest level in two years, with the value of global equities falling to $59.8 trillion, the least since February 2014.

Norway’s krone advanced against all but two of its major peers as currencies from oil exporting countries rallied. The krone gained 0.4 percent to 8.4996 per dollar, after sliding to 8.6017 on Monday, the weakest since April 2002. The Swedish krona also advanced, while South Africa’s rand added 0.7 percent to 13.9614 per dollar. The rand earlier touched 14.1588, the lowest since Bloomberg began collecting the data in 1971.
Emerging Markets
The MSCI Emerging Markets Index dropped 0.8 percent, extending this quarter’s slide to 20 percent, the steepest decline for the period since 2011. Currencies were mixed on Tuesday, with the South African rand and Turkish lira advancing, while South Korea’s won and Malaysian ringgit retreated more than 0.5 percent.
Brazil’s real has tumbled 24 percent against the dollar since the end of June, the biggest drop among major emerging markets, followed by losses of at least 16 percent for Russia’s ruble and the Colombian peso. Malaysia’s ringgit headed for its biggest quarterly decline since 1997.
Developing-nation stocks and currencies have tumbled amid signs that China’s economic slowdown was deepening while the Federal Reserve moved closer to raising interest rates for the first time since 2006. The slowdown and prospects for higher rates damped outlooks for commodity-producing countries and the allure of higher-yielding assets.
The Shanghai Composite Index slid 2 percent, extending this quarter’s slide to 29 percent, the most since 2008. The Hang Seng China Enterprises Index of mainland shares listed in Hong Kong has also 29 percent in the period.
Indian bonds and stocks rallied on Tuesday after the central bank cut interest rates more than economists forecast and the nation relaxed curbs on foreign ownership of its debt. The yield on government bonds due May 2025 fell 13 basis points to 7.60 percent and the Sensex advanced 0.6 percent. The rupee was little changed after falling as much as 0.6 percent.
Treasuries erased an advance and German bonds declined as demand for haven assets waned. The benchmark U.S. 10-year note yield was little changed at 2.11 percent, after earlier falling to the lowest since Aug. 26. The yield on Germany’s 10-year bund rose two basis points to 0.60 percent, having fallen earlier to 0.57 percent, the lowest since Aug. 24.
The commodity slump has helped drive corporate borrowing costs higher. The average yield on investment-grade corporate bonds in euros rose two basis points on Monday to 1.5 percent, the highest in more than a year, according to the Bank of America Merrill Lynch Euro Corporate Index.
The gauge has posted total returns of negative 0.5 percent this month, weighed down by losses of 19 percent for Glencore securities and 8.4 percent for Volkswagen AG notes, the indexes show.
Junk-bond yields rose for a seventh day on Monday to 5.55 percent, the highest since July 2013, according to the Bank of America Merrill Lynch data.