Puc News
This is an area where you can catch up on the latest interesting news. Ranging from science to business, there's a wide array of topics for everyone. Each article is carefully selected to be posted by Pucland staff members to ensure that the articles are reliable, interesting, and good to know.
Steinbrenner Got A 33,900% Cumulative Return On His Yankee Investment
Longtime New York Yankees owner George Steinbrenner, who died recently of a heart attack, is sure to be remembered as the man who brought winning back to the Bronx with gusto. But his legacy is also that of savvy investor.
When Steinbrenner led a group that bought the Yankees from CBS for $10 million in 1973, the team had just drawn under 1 million fans for the first time since World War II. Today, the Yankees regularly draw 4 million a season and are the centerpiece of a sports-media powerhouse. Yankee Global Enterprises, which includes Steinbrenner's stakes in the team, YES Network and Yankees-related hospitality businesses, have a combined equity value of $3.4 billion.
That's a 33,900% cumulative return from his initial investment.
Full Text Article: http://specials.forbes.com/page/George-Steinbrenner
When Steinbrenner led a group that bought the Yankees from CBS for $10 million in 1973, the team had just drawn under 1 million fans for the first time since World War II. Today, the Yankees regularly draw 4 million a season and are the centerpiece of a sports-media powerhouse. Yankee Global Enterprises, which includes Steinbrenner's stakes in the team, YES Network and Yankees-related hospitality businesses, have a combined equity value of $3.4 billion.
That's a 33,900% cumulative return from his initial investment.
Full Text Article: http://specials.forbes.com/page/George-Steinbrenner
America's Best Cities For Young Professionals
These metros offer the best chances for college graduates in a tough economy.
University valedictorians, overachievers and would-be entrepreneurs across the country graduated this month into a bleak economic landscape. Faced with 9.5% national unemployment, even the most ambitious young people are thinking carefully about how to find their best shot at success.
Our advice? Consider moving to Houston, Texas, Washington, D.C., or Minneapolis, Minn. These three cities top Forbes' fourth-annual list of best cities for young professionals--places where ambitious college grads can get a strong start on a high-powered career.
Full text article link: http://www.forbes.com/2010/06/17/best-cities-young-professionals-lifestyle-real-estate-careers.html
Where Billionaires are Eating
This list of restaurants that billionaires often frequent provides a great list of places to try. Because of their disposable income and acceptance of only the best food, you can be guaranteed a good meal.
Oprah Winfrey likes the food at Italian eatery, Sette Mezzo in New York which she apparently calls "a piece of Italy".
Russian Billionaires Roman Abramovich and Mikhail Prokhorov allegedly spend large amounts of money at Nello’s, a small Italian restaurant in New York. It is rumored that Prokhorov spent $19,000 on lunch and Abramovich $47,000 on dinner.
Fashion designers are also taking part in the restaurant business. Giorgio Armani opened his first restaurant Armani Ristorante in New York last year and has several other restaurants in other countries, including Honk Kong, Singapore and France. Ralph Lauren has his own restaurant, RL, in Chicago, a restaurant said to be another ‘favorite’ of Oprah’s. Earlier this year he also opened “Ralph’s” in Paris, his first restaurant in Europe.
And lastly we have Mark Cuban, who is a fan of Blondies in New York: “Best wings in the city. Ice cold beer.” Adds the Dallas Mavericks owner, “It's easy to find fancy food in NYC. It's hard to find great wings and a place you can de-stress after a long day. Blondies is a treat."
Full text article: http://blogs.forbes.com/billions/2010/06/21/billionaire-foodies/
Oprah Winfrey likes the food at Italian eatery, Sette Mezzo in New York which she apparently calls "a piece of Italy".
Russian Billionaires Roman Abramovich and Mikhail Prokhorov allegedly spend large amounts of money at Nello’s, a small Italian restaurant in New York. It is rumored that Prokhorov spent $19,000 on lunch and Abramovich $47,000 on dinner.
Fashion designers are also taking part in the restaurant business. Giorgio Armani opened his first restaurant Armani Ristorante in New York last year and has several other restaurants in other countries, including Honk Kong, Singapore and France. Ralph Lauren has his own restaurant, RL, in Chicago, a restaurant said to be another ‘favorite’ of Oprah’s. Earlier this year he also opened “Ralph’s” in Paris, his first restaurant in Europe.
And lastly we have Mark Cuban, who is a fan of Blondies in New York: “Best wings in the city. Ice cold beer.” Adds the Dallas Mavericks owner, “It's easy to find fancy food in NYC. It's hard to find great wings and a place you can de-stress after a long day. Blondies is a treat."
Full text article: http://blogs.forbes.com/billions/2010/06/21/billionaire-foodies/
