Not in our best interest?
Anxiously gnawing on its finely manicured fingernails, Wall Street not very patiently waited to see just how close newly appointed Fed chairwoman Janet Yellen would stick to the policies of her predecessor and mentor Ben Bernanke. Much to the chagrin of Wall Street, her remarks hinted at the possibility that she plans to raise interest rates sooner than expected. If you think you’re the only one who doesn’t appreciate this news, you’re not alone. Wall Street didn’t like the news either and let Ms. Yellen know it by taking a tumble. So there!
Ugh! Is there anything she can’t do?
Reigning queen of media Oprah Winfrey has a new gig. She might not be the new barista at your local Starbucks but you sure can expect her presence behind the counter. At their annual shareholders meeting, Starbucks CEO Howard Schultz sat with the iconic talk show host sipping tea as they unveiled Teavana Oprah Chai tea. Tea is a $90 billion market. For every Oprah Winfrey tea product, sold a donation will be made to the youth education charities. That can turn into a very large sum very quickly as tea is only second to water in terms of consumption. Winfrey said,”Starbucks is about nurturing the human spirit.” You can pay for that nurturing via the handy dandy Starbucks app (and tip your barista too).
You paid how much for that doggie in the window?!
Look out Westminster Kennel Club, there’s a new mastiff in town, but not just any mastiff. A Tibetan Mastiff just sold in China for close to $2 million. The breeder said the dog has lion’s blood. Whether or not that’s even remotely possible, the 200 pound long haired canine will now become the companion to an obviously very successful property developer. Tibetan mastiffs are considered a status symbol among China’s elite and are apparently compared to their “nationally treasured pandas.” Except, I’m guessing Tibetan mastiffs prefer steak to bamboo. Well for that price, I hope the dog is house-trained.