企業 & 財經

Forbes April 30, 2019

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United States
Forbes Media LLC
14 期號


2 最少
protecting the truth-tellers

FORBES IS WELL KNOWN for our lists, and we recently published our most important one in quite a while. All the great journalism in this issue, including our story about the billionaire governor of West Virginia’s pesky habit of avoiding paying his bills, stems from the freedoms we have in this country under the First Amendment. Most of the world isn’t so lucky. Press freedom is under attack globally, with an appalling rise in harassment and violence against journalists whose only offense is trying to report and share the truth. In January, at an International Media Council dinner at the World Economic Forum, I heard firsthand as editors from around the world spoke of their journalists who have been imprisoned, beaten—or murdered. While the Washington Post’s Jamal Khashoggi is the most…

8 最少
the insolvent thinking of central bankers

THE UTTER INTELLECTUAL bankruptcy of most modern economic policymakers was starkly displayed when European Central Bank boss Mario Draghi recently and unexpectedly announced that the ECB would be making a new round of cheap loans to banks this September to help stimulate the Continent’s sputtering economies. Despite decades of disappointing data demonstrating that central banks cannot guide the pace of economic activity in the way a thermostat does the temperature of a room, political and economic leaders still persist in pursuing this fantasy. The cost in forgone prosperity is immense. Had central banks and their political masters sought the goal of stable currencies—and had the U.S. dollar remained fixed to gold—the material well-being of the world would probably be double what it is today. Central bankers and all too many economists can’t…

4 最少
golden coast

IN 1980, JACK COWIN and his wife, Sharon, decided to move from Perth to Sydney, on the opposite side of Down Under. His fast-food business had grown across Australia, and he wanted to be in the country’s largest city. “We needed a house big enough to accommodate everybody,” he recalls, with space for their four young children. The Cowins knew Sydney for one thing: “traffc.” So they picked a secluded neighborhood called Point Piper, selecting a mansion steps from the ocean. They paid $870,000 (roughly $2.3 million today)—“a big gulp… three times what we had”—but Cowin felt they’d lucked out finding such a beautiful spot. Until he discovered the seller had bought the place for $555,000 ($1.7 million) just a year prior. “I thought I was the biggest wood duck that…

1 最少
a noted photographer ventures into nature to detach and discover

As a sought-after high fashion and celebrity photographer, Dennis Leupold is always on the go, jetting from Los Angeles to London to New York. When work gets overwhelming, which he says happens about once a month, Leupold heads for the outdoors. “For me it’s almost like you’re going to church. You connect to a higher power.” Originally from Germany, Leupold moved to New York in his early twenties and stayed for ten years before moving to LA. He was attracted to the panoramic landscapes of California and its surrounding states. When he ventures beyond the city, he looks for something undiscovered. “I like to go into the desert and walk off the path,” he says. Leupold’s off-the-beaten path excursions recently took him to Chile. There, he found himself surrounded by breathtaking contrasts…

2 最少
rooms to grow: october 15, 1950

“THE GREATER PART of my selling experience has been in the role of a buyer trying to get somebody to sell me a certain property at a price I am willing to pay,” Conrad Hilton admitted in an essay for Forbes outlining how he had built his hotel empire, which included New York’s Waldorf-Astoria and Chicago’s Palmer House. Hilton learned the art of the deal as a purveyor, though, not a purchaser—as a clerk at his father’s general store in San Antonio, New Mexico, back when the West was still a woolly frontier. One frequent customer back then: “Old John,” a shaggy-haired prospector who dropped dead in front of the shop a few days after claiming to have found a massive silver deposit. Customers like Old John “did not buy at…

1 最少
dowager of denim

LOOK WHAT’S BACK in style: Levi’s. The clothing maker is increasingly popular not only in stores but on Wall Street, too, where it staged a triumphant return to the New York Stock Exchange last month in a $623 million IPO. The last time Levi Strauss’ shares traded publicly, Ronald Reagan was president and jeans came acid-washed. The revival of the brand is particularly good for Mimi Haas. The former Levi’s board member inherited a 16.3% stake in the company from her late husband, Peter, a descendant of the founder and a former Levi’s CEO. Those shares are now worth $1.3 billion. In all, ten members of the Haas clan control almost 70% of company stock and nearly three quarters of the voting rights. They have plenty not to be blue about. Levi’s…