Gibraltar Category 2 Residency

Gibraltar Category 2 Residency Stock Brokers  //  How Investors Europe can assist : As well as helping you to open a Category 2 Online Trading Account and transferring your investment portfolio to Gibraltar, Investors Europe can help by putting you in touch with the Finance Centre approving your Cat 2 Application as well as to the best, tried and trusted professionals for:

The Category 2 application process
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May 9 / 10:30am

'China's Super Rich Are Building Private Museums To House Their Massive Art Collections.'

'HONG KONG (AP) — Over the past two years Wang Wei and her husband Liu Yiqian dropped a reported $317 million on their hobby. Now they need somewhere to display the collection they've amassed. The solution: a private art museum that Wang hopes will impart some class to China's flashy nouveau riche.

Wang and billionaire investor Liu are part of a new generation of wealthy Asians that is better known for splashing out on extravagant toys such as private jets, mega-sized yachts and supercars. Some, instead, have built big art collections and now aspire to showcase their refined sensibility to a wider audience.

The trend is most apparent in China, where entrepreneurs who have gotten rich off the country's booming economy have been splurging on art, making it the world's biggest fine art market last year for the second year in a row.

As China's best known art collectors, Wang and her husband spent nearly 2 billion yuan ($317 million) on art in the past two years, according to a report in the state-run China Daily that quoted Wang. She declined to confirm the figure, and said "I do not like to talk about how much I spent."

Wang's 10,000 square meter (107,640 square foot) "Long" museum is scheduled to open in Shanghai in late October and will cost 10 million yuan ($1.6 million) a year to run. Aside from giving her a space to show off her collection of Chinese revolutionary and contemporary art, Wang said it will also help her give her nouveau riche compatriots a cultural education.

"The rich housewives have money but do not know how to spend it without shopping," she said. "I want to teach them to be more tasteful."

With that goal in mind, one museum is not enough for Wang. She is planning a second Shanghai museum that will start construction in August and open in October 2013.

More are in the pipeline. Indonesian-Chinese farming tycoon Budi Tek is set to open the De Museum in Shanghai next year featuring Asian and Western contemporary art, after opening his first in Indonesia's capital Jakarta in 2008.

Tek's museum will be located in an old aircraft hangar across the river from the site of the World Expo site in Shanghai's Pudong district, on land that the government is giving to him at a preferential rate. Tek will cover the cost of renovating the building and adding extra wings as well as annual operating costs. He wouldn't say how much he plans to spend, but said "the operating costs will be expensive, buying works will be expensive."

Collector Guan Yi is planning one on the outskirts of Beijing, according to art publications. Industry insiders say wealthy collectors are planning museums around China.

Sustainability is a big issue for would-be museum owners, who need deep pockets to deal with costs, said Magnus Renfrew, director of Art HK, Hong Kong's annual art fair.

"It's many millions of dollars for construction or refurbishment, and that's even before you've got to the art and before you get to the staffing and ongoing costs" said Renfrew. "It's not for the faint hearted."

A growing interest in philanthropy is one reason behind the private museum boomlet. Rapid growth is creating thousands of new millionaires in Asia each year. Their ranks grew to 3.3 million in 2011, surpassing Europe for the first time, according to Merrill Lynch and Capgemini. Between January last year and March this year, China's top 100 philanthropists donated $1.6 billion, according to the Hurun Report, a Chinese rich list. That's about a fivefold increase from 2004 when the list started.

But it also recalls earlier periods in the U.S. and Europe when wealthy art patrons helped build museums that are now world renowned.

In the late 19th century, British sugar magnate Henry Tate help fund the construction of a building to house his collection of Victorian art that he donated to the country, paving the way for the network of renowned museums that bear his name. Members of U.S. oil industrialist John D. Rockefeller's family helped found New York's famed Museum of Modern Art in 1929. Businessman Solomon Guggenheim is best remembered for the iconic New York museum his foundation set up in 1939, which was later named after him.

"It's a complex issue," said Philip Dodd, organizer of the Hong Kong art fair's first private museum forum last year.

"Why did Medici commission so much art? Why did the Vatican commission Michelangelo? Was it philanthropy or was it an exercise of power and display and spectacle? I think all those things are involved in Asia too," said Dodd.

Some 40 private museum owners and collectors from Australia, Japan, Indonesia and China are expected to attend this year's private museum forum at the fair, which will be held May 17-20.

Tek acknowledged that vanity and ego played a role when he started building his art collection, but now he has reverted to what he terms a modest lifestyle. He says his only extravagance is flying first class and he doesn't wear fancy watches or clothes and avoids giving too many media interviews.

"The action of opening the museum is an extension of love to society," said Tek, who is president of Sierad Produce, a $155 million company listed on the Jakarta stock exchange.....'


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May 9 / 12:29am

'Self-disclosure is extra rewarding...'

http://online.wsj.com/article/SB10001424052702304451104577390392329291890.html?
'Talking about ourselves—whether in a personal conversation or through social media sites like Facebook and Twitter—triggers the same sensation of pleasure in the brain as food or money, researchers reported Monday.

About 40% of everyday speech is devoted to telling others about what we feel or think. Now, through five brain imaging and behavioral experiments, Harvard University neuroscientists have uncovered the reason: It feels so rewarding, at the level of brain cells and synapses, that we can't help sharing our thoughts.

Diana Tamir/PNAS

Bragging gives the same sensation of pleasure as food and money. The same areas of the brain are activated, scans show.

"Self-disclosure is extra rewarding," said Harvard neuroscientist Diana Tamir, who conducted the experiments with Harvard colleague Jason Mitchell. Their findings were published in the Proceedings of the National Academy of Sciences. "People were even willing to forgo money in order to talk about themselves," Ms. Tamir said.

To assess people's inclination for what the researchers call "self disclosure," they conducted laboratory tests to see whether people placed an unusually high value on the opportunity to share their thoughts and feelings. They also monitored brain activity among some volunteers to see what parts of the brain were most excited when people talked about themselves as opposed to other people. The dozens of volunteers were mostly Americans who lived near the university.

In several tests, they offered the volunteers money if they chose to answer questions about other people, such as President Obama, rather than about themselves, paying out on a sliding scale of up to four cents. Questions involved casual matters such as whether someone enjoyed snowboarding or liked mushrooms on a pizza. Other queries involved personality traits, such as intelligence, curiosity or aggression.

Despite the financial incentive, people often preferred to talk about themselves and willingly gave up between 17% and 25% of their potential earnings so they could reveal personal information. "We joked that this was the penny for your thoughts study," Ms. Tamir said..........'


Source : http://online.wsj.com/article/SB10001424052702304451104577390392329291890.html?


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May 8 / 4:19am

'The Bell Curve Is A Myth...'

'It's a long-held assumption that human performance fits a normal (or Gaussian) distribution — a bell curve in which only a very small number of people are outliers.

Consequently human resource managers usually work from the idea that in most activities, although there are a few people that are very good and a few people that are very bad, most are about average.

A new study provides evidence that individual performance doesn't fit on a bell curve (with its stable average and limited variance), but follows a distribution in which the average is unstable, the variance is infinite and the prevalence of outliers is much higher.

Statisticians called it a power law (or Paretian) distribution.

Researchers Ernest O'Boyle Jr. and Herman Aguinis conducted five studies involving 633,263 researchers, entertainers, politicians, and athletes. Of a total of 198 samples of performers, 186 (a whopping 94 percent) followed a power law distribution more closely than a normal distribution.....'

power law

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May 3 / 2:16pm

STCW-95 comes to Gibraltar's Ocean Village

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STCW-95 comes to Gibraltar's Ocean Village with Allabroad Sailing ...
BYM News
After seven years and significant financial investment, Gibraltar's
Allabroad Sailing Academy has recently earned MCA (UK Maritime Coastguard
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http://www.bymnews.com/news/newsDetails.php?id=102320
May 2 / 10:40pm

The Mean Old Investor - 'Europe, Arabs & Hunger..'

'Anywho, it seems that the deterioration in Spain and Italy has stopped as determined by the lowering of the interest rate on their respective ten year bonds. Not that anything has been solved, mind you. Both of these nations' economies are slowly grinding out negative GDP readings and their debt levels continue ever skyward. I'm not too sure why their bond yields have come down in recent weeks; nothing meaningful has been done to remedy their respective situations. I sincerely hope that the situation remedies itself, but I highly doubt it. Ultimately the basics of mathematics will consume these nations as it already has Greece.

  The upcoming election in France this weekend could have large implications. The candidate leading the pack is the Socialist Party's Francois Hollande, who has loudly declared that Germany's insistence on austerity as a cure for the EU's problems is flat out wrong, and he has declared he plans to rewrite the newly rewritten EU treaty to allow greater budget deficits. He's calling this the "Growth Bloc", and ultimately I believe his intention is to begin the monetization of debts, something Germany vehemently opposes. "It is not for Germany to decide for the rest of the Europe" declared Hollande. While I don't believe that over indebted nations should be borrowing more, the current program of austerity is clearly not working either. In the end, those who cannot repay their debts will not repay their debts. If Hollande is able to bring about the treaty changes he believes in, this will leave Germany's Angela Merkel is a most delicate position, in between her own electorate and her high court on one side and the rest of Europe pulling away in the other direction....'

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Apr 13 / 2:13pm

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Apr 13 / 12:21pm

'JP MORGAN: China's Slow Down Was Expected, Here's Why Growth Will Heat Up In The Second Half Of The Year...'

China

China's GDP growth rate slowed to 8.1 percent, which was well below economists' average estimate calling for 8.4 percent growth.

However, JP Morgan's Jing Ulrich isn't too worried. Ulrich is chairman of global markets for China.

"We were looking for 8.2 percent," said Ulrich in an interview with Bloomberg Television this morning. "Considering the headwinds China is facing in exports. Considering the slowdown in China's property sector. The 8.1 percent was in line with expectations."

Read more: http://www.businessinsider.com/jp-morgan-china-slow-down-growth-second-half-2012-4?#ixzz1rumcZILv

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Apr 10 / 11:39pm

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Apr 10 / 8:22am

MiFID : Will EU Banks now want Spot Forex regulated ? (spreads between bid and asked are narrowing at 9 percent a year)

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http://www.institutionalinvestor.com/Article/3007947/HFT-Pushes-Small-Banks-Away-from-Major-Currencies.html?  

'

HFT Pushes Small Banks Away from Major Currencies'

'THANKS TO THE RISE OF HIGH FREQUENCY TRADING in foreign exchange markets, many smaller banks have found themselves squeezed out of buying and selling major currencies like the euro and the British pound. Those banks are concentrating on higher-profit trades in emerging-markets currencies and developing other businesses where they have a competitive advantage.

High frequency traders have had the same effect on foreign exchange that the conversion from eighths to penny increments had on equity trading, says Marc Chandler, global head of currency strategy at Brown Brothers Harriman & Co. in New York. Major currency pairs now get quoted to an extra decimal point. For combinations such as the U.S. dollar and the euro, that means banks are trading on thousandths of a euro cent.

“We found that spreads between bid and asked are narrowing at 9 percent a year, and high frequency trading is accelerating that process,” Chandler says. “We have to grow our volume by 10 percent a year just to break even, which is harder and harder to do because it’s like compounding in reverse.” '

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