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VIDEO: Wal-Mart’s China Plan To Focus On E-commerce

Wal-Mart Stores, the world’s biggest retailer, is expanding its China business as it seeks to…

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The comedy of errors that are IMF forecasts is well known: it was covered most recently in “Hilarious Charts Of The Day: IMF’s “Growth Forecasts” Over Time.” Moments ago we got the IMF’s first forecast update for 2014 which also included the Fund’s first 2015 forecasts for growth around the world. Not surprisingly, they were largely higher across the board except for China which has seen its 2014 projected GDP growth collapse from 8.5% a year ago to 7.5% now, and is expected to drop modestly to 7.3% in 2015. The charts showing the progression of said hilarious forecasts are shown in their entirety below, about which one thing can be said with certainty: whatever the GDP growth rate in the world is in 2014 and 2015 it will be anything but what the IMF predicts it to be.

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Don’t say “student loans” three times fast or else a debt collector might appear!! #TheLivingDebt bit.ly/1biOrYy 

“It was a solid quarter on both sides of the business,”  - 

Kenneth Jacobs, CEO of Lazard Ltd

The PicoBrew Zymatic is the Nespresso of beer brewing

An 18-year Microsoft veteran has set out to reinvent homebrewing with the PicoBrew Zymatic, a table-top brewing machine that promises to simplify the process of making a batch of custom beer. Co-founder Bill Mitchell, who worked on PDAs, smartphones, automotive, and wearable computing” during his time at Microsoft, says on his proect’s Kickstarter page that he got tired with the overly long process of homebrewing as well as the difficulty of repeating a beer recipe once you found one you liked. After a few years of prototyping, he’s now put his PicoBrew Zymatic up on Kickstarter, and the project met its $150,000 funding goal in just one day. 

Gore: I Tried to Buy Twitter, Still Very Bullish - Bloomberg TV