Browse Month by November 2017
Business

Mathematical Genius Michael Lacey

Michael Thoreau Lacey was born in 1959 and has been a professor of pure mathematics at Georgia Institute of Technology since 1996. He has shown growing interests in harmonic analysis and probability.

Lacey was mentored by the famous Walter Philipp in his endeavors and studies to earn a Ph.D. at the University of Illinois in 1987. As to coincidence with his interests, his thesis was on probability using Stefan Banach’s spaces. Banach’s spaces are used as a mathematical function and taken to be the absolute normed vector space.

While teaching at Indiana University Michael Lacey received a postdoctoral fellowship associated with his research work in mathematics, from the National Science Foundation

His interests in mathematics have led Lacey to engage in solving mathematical problems and challenges in the field of probability. For example, he solved the iterated logarithm that is commonly used in empirical traits of probability functions.

The iterated logarithm is crucial in probability as it is the one that mathematicians use to show the variance of a random walk. Moreover, working together as a team with his mentor and Ph.D. instructor, Walter Philipp, they studied the mathematical possibilities which were empirical enough showing the high chances of a perfect central limit theorem.

Michael Lacey’s interests in harmonic analysis and probability can be traced and be said to have been influenced by the good performance he had when still school. He also has interests in the ergodic theory, which forms a part of his works.

Due to his excellence in mathematics and research, Lacey has taught in a number of institutions key among them the University of North Carolina as well as Louisiana State University.

Michael Lacy efforts have led to him being recognized for professionalism in the field of mathematics through his endeavors to advance knowledge in this field. He has conducted several kinds of research in collaboration with other mathematicians a fact that has earned him several awards.

For instance, In 1996, Lacy together with Christoph Thiele, they proved the bilinear Hilbert transform study by Alberto Calderon that was yet subject to proof. In recognition of their efforts, they were awarded the Salem Prize. Read more: Michael Lacey | Wikipedia and Michael Lacey | Mathalliance

Furthermore, while working together, they received the Guggenheim Fellowship by Georgia Institute of Technology for their research efforts and disciplinary works in mathematics.

He is also a member of the American Mathematical Society, which is a research and education society of dedicated mathematicians and experts in mathematics.

Entrepreneurs

Kate Hudson Teams Up With Adam Goldenberg And Don Ressler To Drive Fabletics Forward

 

Updated for 11-11-2017:

Don Ressler had some interesting tips for building a new brand.  As our article can attest, the man knows a thing or two about establishing new ideas.  Definitely worth checking out the article on Patch: https://patch.com/california/across-ca/don-ressler-recommends-7-methods-building-brand-awareness

Kate Hudson, known for her role in romance movies such as Bride Wars and How To Lose A Guy In 10 Days is also a model and a partial owner in several women’s athletic wear companies, including Fabletics. Hudson was attracted to this company because they found a way to get high quality and stylish designs to their customers at such a low price. The company is a subsidiary of TechStyle Fashion Group, formerly known as JustFab, a company started by Adam Goldenberg and Don Ressler. Led by Hudson’s input, Fabletics took steps to integrate big data into the customer experience to drive them to styles they wanted, and improved its VIP membership program to be more transparent to customers.

 

Adam Goldenberg was a big marketing guru well before TechStyle Fashion Group came on the scene. As a young teenager Goldenberg was already becoming entrepreneurial and exploring business ideas, and when he was still only 15 he started a gaming advertising network called Gamer’s Alliance. This led to the beginning of his professional career when Intermix Media, the future founder of MySpace bought Gamer’s Alliance and hired Goldenberg as an executive in their company, the youngest ever on a publicly-traded company. Goldenberg became friends with another entrepreneur at Intermix Media, Don Ressler who had founded FitnessHeaven.com.

Get the whole store on Adam Goldenberg and Don Ressler’s partnership on Wikipedia’s JustFab page: https://en.wikipedia.org/wiki/JustFab

 

Goldenberg and Ressler had combined their ideas while at Intermix Media to start an e-commerce company that was the biggest source of revenue for MySpace, but they were bitterly disappointed when Intermix Media’s new owners from News Corp phased out the company in 2005. Goldenberg and Ressler then parted ways with Intermix Media and started their own company, Intelligent Beauty. Under this company they started marketing various cosmetics and health supplement products, but then their attention turned to the fashion industry in 2010. Though they didn’t know much about running a fashion company, they got the wild idea to launch their own brand and called it JustFab.

 

JustFab started out as a simple online-only fashion retailer, but its fashion designs and business model started attracting celebrities including Kimora Lee Simmons and Kate Hudson. It also attracted investors and venture capital firms including Matrix Partners and Passport Capital. Thanks to the venture capital supply, JustFab started growing operations and even opened physical stores for its customers. In 2013, it became a “unicorn” or billion-dollar enterprise and has since become cash-flow independent. Goldenberg and Ressler renamed the company as TechStyle Fashion Group this last year because of the big data analytics they started using in online shopping.

Uncategorized

Jeff Yastine, Creating Innovative Solutions to Banking Securities through the Blockchain Technology

     Recently, Jeff Yastine was asked about his thoughts on cryptocurrencies, among them being the bitcoin. He is positive that both aspects are worthy of attention and play a major part in finding the solution to computer data and networks hacking. With this in mind, Jeff introduces a new aspect, the Blockchain Technology. This is a recent innovation in the market and comes with bigger profits. The blockchain is growing tremendously and is being absorbed faster than it was ever expected. The initiative has proved efficient through the various incorporations by distinguished organizations. Credit Suisse adapted the blockchain system to log and track their financial deals whereas Lockheed Martin uses the technology in securing its defense secrets.

Jeff Yastine joined Banyan Hill Publishing in 2015 as an editorial director. He currently works as the editor of the famous ‘Total Wealth Insider.’ Prior to his service at Banyan, he was involved in stock market investment and also financial journalism, bringing the best from the financial world events. Jeff has a weekly segment, ‘Sovereign Investor Daily’ and ‘Winning Investor Daily’ both in Banyan Hill which he uses to educate growing investors on the economic, business, and monetary trends. He also highlights loopholes for profit-making with the help of his team of financial editors. Jeff Yastine worked with the PBS Nightly Business Report between 1994 and 2010 as their correspondent.

Jeff had the privilege of holding interviews with prominent names in the financial world giving him an opportunity to learn more about investment secrets in entrepreneurship. Some of these people include Sir Richard Branson, Warren Buffet, and Michael Dell among many others. In his journalism career, Jeff identified promising investment opportunities both in large company turnarounds and small-cap growth stocks. This cut across a wide range of sectors among them being agriculture, big-box retail, and biopharmaceutical developments. One major impact Yastine’s reports made was warning investors of the impending real estate crisis and also the shaky mushrooming of the 200 dot-com bubble.

Jeff Yastine took part in the documentation of the Deepwater Horizon oil spill, a national event that occurred in 2010 and also the 2005 financial impacts steered by Hurricane Katrina. Jeff was also involved in bringing to light the role that foreign automakers played in manufacturing plants situated in the Southeastern part of the United States. He traveled all the way to Cuba both in 1994 and 2003 to cover documentation on foreign investors’ impact on the country’s economy. It is, therefore, not a surprise that he got the 2007 Business Emmy Award nomination after making a report on the country’s underfunded system roads.

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Business, CEO

Legend Of Finance Lazaro Brandao Steps Down From Bradesco, Replaced By Luiz Carlos Trabuco

At 91 years old, Lazaro Brandao is one of the oldest serving chair people of any major corporation in the world. The nonagenarian chairman of the board of Bradesco, one of the largest banks in Brazil, has announced that he will finally step down from the role that he has occupied since 1990. His retirement marks the end of an era for the bank, which saw some of the most explosive growth of any company in Brazilian history.

Brandao will be replaced by current CEO Luiz Carlos Trabuco

Although many questions remain as to whether or not anyone will be able to fill the giant shoes of Brandao, his replacement has already been named. Brandao told the board of directors that Luiz Carlos Trabuco, current CEO of the bank, will be his replacement. Trabuco, at 67 years old, has been past the retirement age of 65 for more than two years now. He was operating on a waiver personally signed by Brandao himself, which has allowed him to keep working past the mandatory retirement age stipulated in the bank’s bylaws. This was done to ensure that the integration of all of HSBC Brazil’s business units went smoothly. HSBC Brazil was acquired by Bradesco in 2015, in a virtuosic deal put together by Trabuco himself. Brandao felt that Trabuco may have been the only one who was knowledgeable enough about the acquisition to effectively oversee the integration of the acquired bank into Bradesco.

Brandao himself is something of a legend in Brazilian economy. His reputation is so entrenched and larger than life that serious questions have arisen, even as the old stalwart approaches his 92nd birthday, as to whether or not his retirement is a good thing for the bank. But Brandao has stated that, despite serious reservations on the part of both shareholders and members of the board, that he is intent on spending more time with his family. He has assured investors and shareholders that Trabuco has all of the right characteristics to take over as chairman, citing Trabuco’s lengthy and impressive career accomplishments with the bank, which include virtually creating the entire financial planning division himself and doubling the output of the insurance division.

Read more on Hoovers

As Trabuco settles into his new role as chairman, he still has one major order of business before departing the executive suite. He must name a replacement. Although Trabuco has until March 1, 2018 to find his successor, many observers insist there are really only two viable candidates for promotion to CEO. For a while, it was speculated that Trabuco, himself promoted through the ranks of Bradesco, all the way up to CEO, may look outside the bank to hire his replacement. But he put that rumor to rest, explicitly stating that he would not deviate from company tradition and would promote the CEO from among the existing pool of executive talent.

This has left two names as possible replacements. The first is that of Alexandre Gluher, a 58 year old risk management executive. Although Gluher has been with the bank for nearly his entire career, those close to the process say that Trabuco is not big on using seniority as a measure of promotion-worthiness. Instead, they say, Trabuco is likely to promote someone with concrete results and the technical know-how to continue the modernization and migration of Bradesco’s business lines to the online environment.

This leaves Mauricio Minas as the likely replacement. In addition to the creation of the highly successful Next online and mobile banking platform, Minas has been instrumental in the integration of HSBC Brazil’s tech assets into Bradesco’s systems. As it stands, the smart money is on Minas becoming the next Bradesco CEO.

Search more about Luiz Carlos Trabuco: http://www1.folha.uol.com.br/mercado/2017/10/1926243-proximo-presidente-do-bradesco-saira-da-diretoria-do-banco-diz-trabuco.shtml