Monthly Archives: April 2016

European Banks Are Struggling According To Madison Street Capital’s CEO Charles Botchway

Published / by WT23

It doesn’t matter where a bank is located. The main ingredient that makes banks tick is to take in a number of healthy deposits and then lend that money at a higher interest rate. The difference between the interest given to the depositor and what the bank charges in interest is the bank’s profit. If interest rates stay in the zero range, it’s hard to make a profit, according to Charles Botchway, the Founder and Chief Executive Officer of Madison Street Capital. Madison Street Capital is a Chicago-based investment firm that focuses on merger and acquisitions around the world. Botchway went on to tell a group of investors that if interest rates slide into negative territory banks hit a brick wall when it comes to generating decent profits from lending money. Botchway said that is exactly what is happening in the European banking market in 2016.

Mr. Botchway thinks European banks are facing a number of challenges. Years of financial, as well as political crises, have left European bank profits depressed. European banks may produce €50 billion in profits in 2016, but that isn’t any higher than the profits reported by the banks 20 years ago. Botchway also said that it’s hard for investors to figure the correct valuation for European bank stocks even though bank deposits in the European Union banks are more than €12 trillion. The smallest decline in interest margins could make profits disappear, and that is exactly the situation in Europe.

Charles Botchway was the Co-CEO of Houlihan, Smith & Company before he decided to venture out on his own and start Madison Street Capital. Botchway was instrumental in developing an international expansion program while he was with Houlihan Smith & Company, so the European banking debacle is an issue that he pays close attention to especially now. Madison Street has many merger and acquisition opportunities in Europe. Botchway is an expert in finance, and if there is trouble in Europe Botchway knows that trouble could be heading stateside sooner than later.

The European banking crisis has been brewing for a couple of years. The European Union is not performing as expected for a variety of reasons. A lack of leadership, the migration crisis, the Greek default and the Italian bank situation have been the primary reason for the EU’s poor financial performance. The euro can’t seem to shake the mounting debt accumulated by Spain, Portugal, and Ireland just to name a few of the free-spenders that have turned the concept of a united Europe into a free-for-all that has no winners. Botchway still believes there is hope for the EU if Angela Merkel can take control. Germany has been paying most of the bills lately. But Botchway thinks the migration crisis must be resolved before there is any real growth in the European banking system.

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Toilet Paper Shortage In Venezuela: The Effects Of Skyrocketing Inflation Felt Across The Land

Published / by WT23

Venezuela’s inflation rate is staggering; the International Monetary Fund predicts it will reach almost 500 percent this year and over 1,000 percent next year. Effects of the severe economic crises according to expert Adrian Jose Velasquez Figueroa are the worst for everyday citizens; prices for staples such as bread and milk keep rising, with no end in sight. Hotels are asking guests to bring their own toilet paper and mothers can’t find any diapers in the stores. Basic needs go unfulfilled; cars sit abandoned because people cannot find any parts to repair them and leaky faucets drip because there are no washers in stores.
Velasquez Figueroa also said that Venezuela’s economic health depends on the price of oil, since oil accounts for 95 percent of the country’s exports. With oil prices remaining low and the country deep in debt, the Venezuelan government cannot afford to import goods.

The Americas Society and Council of the Americas will hold a discussion on April 25th, 2016 with economic experts to discuss the crisis. Anyone can register to listen to the live webcast for free.

How Wikipedia’s Article Translation Tool Works

Published / by WT23

Language hurdles continue to be the greatest impediment in the access to information. Giant online encyclopedia, Wikipedia has recognized that large amounts of data are missing on the site. At the moment, the millions of pages that exist on the website are written in nearly 300 languages. Many would expect this diversity to be beneficial. However, it has led to a gap in knowledge because Wikipedia page creations have not been translated to all these dialects due to the language barrier that exists. 

More than 300 million visitors access Wikipedia on a daily basis. They often search for information contained in millions of webpages. A majority of them seek for information written in English, which is the main subject on the site. It is however unfortunate that such information has not been translated to all these dialects. Site visitors who speak other languages apart from English have been alienated, thus hampering their access to knowledge. 

A translation tool has been advanced after in-depth research by computer mavericks from Stanford University and the Wikimedia Foundation. This tool detects relevant articles that are yet to be translated into specific languages. It then recommends items that are absent to the Wikipedia editors. Thereafter, the copyreaders use these commendations to find an article that is in a second language familiar to them. They then seek out assistance from other editors to translate the editorial into the local dialect and create a Wiki page in the other language. The tool precisely predicts the popularity of any omitted article and suggests to editors how they can do the translation in order for them to add value to their communities’ body of knowledge. 

How Wikipedia is of Benefit to Firms

The site receives up to three hundred million hits every day. This is quite an impressive figure. Businesses ought to tap into this and use it as an online advertisement platform. Learning how to make a Wikipedia page and taking advantage of it will help build a brand name for a firm. It also increases a firm’s prominence in Internet search outcomes. Such an increase in the online visibility of a firm attracts more customers hence boosts sales. 

Professional Wikipedia Editors for Hire

Businesses and individuals who wish to own Wikipedia pages are advised to take advantage of services offered by professional copy readers. These Wiki experts for hire are often widely experienced and always make sure that all the pages they create are well formatted referenced and are in accord with standards set by Wikipedia. Adherence to these standards ensures that the pages are approved by operators of the website. Get Your Wiki hosts the ultimate experts in the creation, monitoring and interpretation of Wikipedia pages.

3 Investment Banking Tips From Martin Lustgarten

Published / by WT23

Investment banking is not easy. It is by far one of the trickiest fields you could ever get into. The good news however is many have gone before you and figured out what it takes to be a successful investment banker.

Here are 3 simple tips from investment banking expert Martin Lustgarten:

Know Market Cycles

If you want to be a successful investment banker like Lustgarten, you must first get a full understanding of how local and world events affect the market. Once you understand market cycles you will be well on your way to becoming a great investment banker.

Avoid Excessive Risks

It is vital that investment bankers be very careful with the risks they take. Taking big risks is what ultimately led to the financial crisis that took place in 2008. Anytime you are speaking with a prospective employer or client, be sure you can clearly explain how calculated of a risk you are taking.

While your goal is to make as much money as possible, you don’t want to bet the farm to do so.

Prepare, Prepare, Prepare

If you want to be successful in this industry, you must prepare in advance. You need to study everything that has to do with the financial markets. You need to have a clear understanding of events and the different strategies you can use to help your investments grow.

You must be dedicated to your craft if you want to rise to the top. And as with all things in life, when it comes to investment banking, you get out what you put in.

About Martin Lustgarten

Martin Lustgarten is originally from Venezuela but currently resides in beautiful Miami Florida. He is the president and CEO of an investment bank which he named after himself.

Over the years he has used his wealth of knowledge to help those who found it difficult to get access to global trade. Because of his ability to help investors close big deals and acquire capital from various sources, Lustgarten quickly made a name for himself and is now one of the most sought after investment bankers in the industry. Follow Lustgarten on Instagram to see what he’s been up to!

The Life and Work of George Soros

Published / by WT23

George Soros on politifact is a financier and a business expert. He is a leader in the areas of investment and economics. He is the seventh wealthiest person in the United States and has donated billions of dollars to charities and causes he believes in. He is also the author of several books.

He was born in Budapest, Hungary, in 1930. He and his family lived through the Nazi occupation of Hungary during World War II. He fled the country for England in 1947. He attended the London School of Economics and earned two degrees there. He has a Bachelor of Science degree and a Masters of Science degree in philosophy on He eventually moved to the U.S. where he became quite successful with an investment fund he founded.

Early in his career, George Soros worked for several investment firms. Soros Fund Management was founded in 1970 by him. He also became its manager. In addition, he developed the philosophical idea of reflexivity while working in the investment field. This is a philosophy he uses to try to predict what the stock market will do. He has said this idea is what helped him attain his financial success.

George Soros has donated money to many causes. In the 1970s, he started helping black college students in South Africa by giving them funds to attend college during apartheid. He has funded non-violent efforts to bring democracy to former Soviet Union states. He also gave $50 million to a charity working to help those living in poverty in Africa. He started the Open Society Foundations to give money to civil society groups in various parts of the world. In 2011, the OSF gave $835 million globally to help with human rights issues and creating open societies.

George Soros on marketwatch is well regarded and his opinion is sought after. He has written essays that have appeared in major newspapers. The subjects he writes about include economics, politics and society. The books on NY Books he has written or co-authored include “The New Paradigm for Financial Markets”, “Open Society: Reforming Global Capitalism”, “The Soros Lectures at the Central European University” and “Opening the Soviet System.”

When George Soros was a boy, his family’s last name was Schwartz. His Jewish family changed their last name to Soros because of antisemitism, which was increasing during that time period. The word “soros” in Hungarian means “designated successor,” and it means “will soar” in Esperanto. George Soros holds dual citizenship. He is a citizen of both Hungary and the United States.


Shoe Carnival Using Slyce Technology

Published / by WT23

The technology company Slyce announced recently that it has launched new visual search technology for Shoe Carnival. Potential customers can use their mobile phones to take a picture of a shoe that has caught their eye – either in reality or in a photograph – and upload it to the Shoe Carnival website where Slyce technology matches it with a similar shoe within the Shoe Carnival inventory.

Essentially, the technology allows people to almost instantly find shoes online similar to ones they see in their daily lives by using an image. Once the user finds a pair of shoes on the Shoe Carnival website that they like, they can be purchased online very swiftly. Using Slyce technology fits into Shoe Carnival’s larger strategy of making shopping for their products as quick and convenient as possible for their customers and taking their e-commerce operations to the next level.

Shoe Carnival is based in Evansville, IN, and sell shoes for men, women and children. Their focus is on offering name brands at reasonable prices, and the types of shoes they have available include casual, work and dress. As well as selling footwear online, they own and operate approximately 400 shoes in the continental United States and Puerto Rico. Shoe Carnival is one of the largest shoe retailers in the United States.

About Slyce

Slyce is headquartered in Toronto and specializes in developing highly sophisticated digital visual search technology. In particular, they bring products to market that allow retailers to match images to products in their inventory on behalf of potential customers.

The possible applications of visual search technology are countless. Slyce is on the cutting-edge of this emerging technology as it used by retailers, and their clients already include Urban Outfitters, Home Depot and other high-profile brands.

A week using Wen

Published / by WT23

The Wen cleanser is a hair care product created by Chaz Dean. According to the WEN website the product is a “5-in-1 formula, it takes the place of your shampoo, conditioner, deep conditioner, detangler, and leave-in conditioner.” The site says that using the Wen will add body and shine to your hair and will also make your hair stronger and fuller.

Emily McClure wrote a review on to see if the claims the Wen site made were true. She used the sephora sold product for a week and wrote and took photos of how her fine hair responded to the product. On day 1 of using the product, Emily was surprised at the amount of the product that she needed to use. She had to use ten pumps which compared to other shampoos she used this was a large amount of product. When she put the product in her hair she noted that it felt as though her hair was thicker and that fewer hair strands were falling out. After blow drying her hair she noticed that her hair was more shiny and bouncy. Throughout the rest of the week, Emily noticed that when she would wake up in the mornings her hair would be more greasy than usual but after washing her hair with Wen the greasiness would go away. Emily also noticed while using the product that her curls would fall much more quickly than normal. By day 6 Emily knew that if she was going to use WEN she would have to shower in the mornings to have clean appearing hair. Emily’s final thoughts on Wen were that if you are a person who was going to wake up and wash and style your hair every day this would be a great product. She would also use this product on days when she felt her hair needed a little extra shine.