John C. Bogle: The Clash of the Cultures
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Gairola
Vanguard broadens access to Capital Opportunity Fund: Vanguard
United States funds
Vanguard is reopening t... http://t.co/cHZbDwjkMf
Watanabe
Foster
Nguyen
Munis remain an attractive value — American Funds
Sánchez
AMERICAN FUNDS GROWTH FUND OF AMERICA R SERIES
Ghatak
VANGUARD
Boko Haram is your baby, Buhari fires back at Jonathan;
VCs, lecturers disagree over scrapping of UTME, NECO;
Age falsification: It’s absolute nonsense - Taribo;
US posts $5m reward for Ugandan warlord Kony;
Boko Haram's tactics baffling – Ihejirika;
4m/barrels per day by 2020 not feasible under PIB – IOCs;
Killings in the north: Return home if they don’t want you, Orji tells Ndi Igbo;
JTF kills 6 in Kano operations;
Governor Obi sued over alleged diversion of 5billion naira state fund;
PUNCH
Pastor accused of raping minors at orphanage;
Taribo was 40 while claiming 28 –Ex-Partizan president;
Fire displaces 5,000 in Ogun community;
Jonathan, others will go through primaries –PDP;
Okah: MEND threatens to resume attacks on Friday;
How safe is Lagos from Boko Haram?
NATION
2015: No automatic tickets for Jonathan, governors;
Ogunlewe, Ogbemudia, Okiro chair varsity boards;
Private investors to take over Abuja, Lagos stadia;
Henry Okah: MEND threatens to relaunch attacks tomorrow;
JTF to MEND: Don’t try it;
Protest in Akure as police kill expectant mother;
Erijiyan-Ekiti killing: Police move ACN chairman to Abuja;
DAILY NEWSWATCH
We’ll resume bombings tomorrow—MEND;
PDP, ACN trade words over APC;
APGA dumps Peter Obi over convention;
Okori, Na’Abba, Iwuanyanwu, others appointed into varsities new boards;
18 die in Abuja-Lokoja auto accident;
NATIONAL MIRROR
HENRY OKAH: MEND threatens fresh attacks on oil installations…we’re ready to tackle any upheaval, says JTF…Niger Delta youths protest allocation of eleven oil blocks to non-indigenes;
Power outage likely as gas plant shuts down...FG constitutes boards of federal universities;
BOKO HARAM: Nigeria is under evil attack, says Tukur;
ASUU, NUT kick against scrapping of UTME, NECO…fear grips NECO workers;
18 die, nine injured in Abuja auto crash;
DAILY INDEPENDENT
18 killed, seven injured in Abuja auto crash;
Joint police, army patrol takes over Anambra, Kogi border;
Presidency, PDP deny link with directive on APC, Tinubu;
Buhari and Tinubu can’t work together – Agoro;
My parents thought Hospitality Management was money wasting – Joachim Ologunleko;
VOOM: Partnering for healthcare delivery;
Judiciary shot itself in the foot over Salami – Uwaifo;
Keshi ignored NFF on Yobo;
Nigerian health experts meet over Cerebral Palsy in children;
LEADERSHIP
Jonathan grants amnesty to Boko Haram sect…denies ever ruling out amnesty…sets up amnesty commission today;
PRESIDENTIAL DIRECTIVE: Okupe, Abati in rapid-fire denials…we stand by our story—Leadership;
NSCDC rescues 32 pregnant teenagers, arrests landlord in Abia;
Transitional committee set up for 15 power firms;
MD of mint Company tenders resignation;
Mori
Episode 9 - Can you enjoy a target-date blend?
Yamada
As marijuana goes legit, investors rush in
Tim Mullaney, USA TODAY6:54p.m. EDT April 7, 2013
Pot entrepreneurs have high expectations for a future market in legalized marijuana.
marijuana joints thinkstock
(Photo: Thinkstock)
Story Highlights
Investors scramble for stakes in billion-dollar market for legal marijuana
The great green hope: 14 more states will legalize cannabis by 2017
From stigma to federal wariness, many hurdles still remain
Brendan Kennedy and Michael Blue are nice boys. Really. They're bankers. Yale MBA classmates. Wearers of ties.
And, if luck and changing laws cooperate, they'll be drug barons of a certain kind.
Kennedy, 40, and Blue, 34, are in the vanguard springing up to seize the market for legal marijuana, which is accelerating with last fall's legalization of most personal pot consumption in Colorado and Washington state. They're running a Seattle private-equity fund, Privateer Holdings, designed to buy up the smaller marijuana-related businesses to create one bigfat one.
After Washington and Colorado, the pot business is, if not mainstream, at least ready to push toward it. Advocates hope to legalize personal use in another 14 states by 2017, mostly among the 16 states besides Washington and Colorado where medical pot is legal (it's also legal in Washington, D.C.). Industry estimates say today's $1.5 billion legal market could quadruple by 2018.
The public is trending toward legalization. In a Pew Research Center poll released Thursday, a majority of Americans (52%) favored legalization, the first time that threshold has been reached since polling on the issue began in 1969.
What's striking is how conventional many of the business people's backgrounds — and their plans — increasingly are. Instead of backing marijuana dispensaries, investors such as Privateer and San Francisco-based ArcView Group are rushing to find consulting firms, software companies and insurance agencies to serve the new market. Even Privateer's strategy of merging small companies to form a big one is familiar: In traditional buyout shops, it's called a "roll-up."
Just don't say that word to Kennedy, unless you want him to blush. Scratch the term "growing the business" — he catches that one in midsentence, correcting his wording to "expand.'' And forget weed, ganja or pot. He uses the scientific term, cannabis. And the cannabis business is good, he says.
"We're building the first all-inclusive name brand in the cannabis business,'' Kennedy declares earnestly. "And it doesn't include Bob Marley, or the Grateful Dead, or …''
"Or puns,'' Blue says drolly. "There are so many.''
Jokes aside, the striking thing about the new gold rush in pot is how familiar it sounds to people used to the technology business.
Just like Silicon Valley entrepreneurs, start-up pot investors such as Kennedy, Blue and ArcView CEO Troy Dayton — whose company runs an angel-investor network matching companies with rich activists — talk about how big and fragmented the market is, and how the relative handful of legal businesses out there lack the leadership and tools they need to (sorry, Mr. Kennedy) grow the industry. That leaves the field open for people who can bring capital and experience, they say.
That part is true. The best way to estimate the potential size of the legal market for cannabis begins with the illegal market — which is somewhere north of $18 billion a year in pot Americans consume already, said Harvard economist Jeffrey Miron. The trade journal Medical Marijuana Business Daily says the $1.5 billion legal market could reach $6 billion by 2018.
Nakagawa
Selecting Investments In Your 401(k)
Pérez
David
Retirement income is different — American Funds
Desai
prior to this time i have been in the fore front of the vanguard of poeple who still believed that jonathan was smart and might be very calculative in some policy desions he makes and could spring surprises. Now i feel otherwise, i feel betrayed and let down. My hopes have been snatched away by what i now see as a very confused president who would lead us nowhere except distruction who is a purpet in the hands of the northern cartels. You may need to analyze this:
Jonathan has granted anesty to boko haram. Leaders of boko haram who embrace the amnesty programme are to get N20M and a house, get N100 000 per month, every month for the next 3 years. They are also to be taking abroad for training as their niger delta counterparts. In line with this, a northern nigeria amnesty commitee has been constituted to look into the programme. This decision is inimical to the advises given to him by the service chiefs. So what stops other youths from taking up arms against a weak federal government as source of cheap fund better still what stops the service chiefs from mutinying the weak president.
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