CUBA: In the midst of chaos in Venezuela, a dependent Cuba and its economic future are walking on a tightrope. As Venezuela’s economic woes deepen, with an annualized inflation rate reaching 57%, and violent clashes between pro- and anti-government protesters scale up, the probability of a new government is high, making Cuba’s future uncertain. Read more
TOYMAKER REACHES SETTLEMENT WITH BEASTIE BOYS: Hot toy start-up Goldieblox confirmed it has reached a settlement with the Beastie Boys over the use of their ‘80s song “Girls” in a parody toy video that went viral earlier this year. The settlement includes an apology that will be posted on the company website. Read more
THE PROBLEM OF ADVISORS TALKING DOWN TO WOMEN: Study after study shows that women are going to be managing more money on their own in coming years, and women are more likely to enlist outside experts for help. But all is not well when it comes to women and their financial advisors: some 70 percent of widows leave their advisor within a year of being widowed, and many other say they feel condescended to when they go for financial help. It’s a potentially significant problem for the advisor industry – but according to some advisors who get it right, working successfully with female clients isn’t complicated. Read more
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