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Charles Koch’s Influence in the Growth of Koch Industries

Charles Koch is an influential American businessman that was born and raised in Wichita, Kansas. He heads on of the largest privately owned companies in the United States, the Koch Industries. The Koch Industries was established in 1940 by his father, Fred Koch. Charles and David Koch inherited the business from their father. Charles is the one that has had an immense influence in running the company that has managed to get it to where it is today. Charles Koch has three brothers. He is the one that stood out from the rest from a very young age as he as brilliant and hardworking. Just like his father, he went to study general engineering from the Massachusetts Institute of Technology (MIT). He specialized by studying master’s degrees in chemical and mechanical engineering.

After finishing his studies, he got a job at Arthur D. Little Inc. where he stayed for some time before joining his father’s company, which at the time was named Rock Island Oil and Refining Company. After he had become the president of the company, he decided to honor his father by renaming the business after his name, therefore, became Koch Industries. Besides the Koch Industries, that he co-owns with his younger brother, he also has an interest in politics. Together with his brother, they have sponsored several political activities and candidates financially. Charles is a philanthropist and has donated millions of dollars to various groups mainly involved in policy formulation, research, and educational projects.

Koch leads a quiet private life despite the amount of wealth he has amassed over the years and being the CEO of one of the largest companies in the United States. ABC News visited him at his office at the Koch Industries headquarters in Wichita, Kansas. They had a rare opportunity to get to know more about his personal life and story. Besides, he also talked about some of the values that have helped him become successful in running the business and participating in political activities.

One of the things that stand out in his office is the letter his father wrote to him. The letter is framed, and Charles Koch took some time to reflect on some of the things that his father outlined in the letter on how they should run the family fortune. He admits that some things on the letter have helped him in running the business.

This article recapped http://abcnews.go.com/Politics/charles-koch-shares-letter-guides-life/story?id=38763293

Additional Links:

http://www.marketplace.org/2015/10/21/business/corner-office/full-interview-charles-koch

http://www.newyorker.com/magazine/2016/01/25/new-koch

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Argentina Appeals to International Investors

Argentina has been on a comeback during this last year under President Mauricio Macri and their vision for economic growth and reform. President Mauricio has been seeking to undo the financial woes of the South American country since taking office in late 2015. Due to a previous administration Argentina has been banned from sovereign credit markets since 2014 under U.S. court order due to former President Cristina Fernandez de Kirchner refusing to service the outstanding bond debt the country had issued. President Mauricio has been doing the exact opposite, reaching out to creditors and negotiating with them to come to an understanding regarding future payments.

This pro-active attitude has led to many investors considering Argentina for further investment once it is allowed back into the sovereign credit markets. One such group is Highland Capital Management, co-founded by James Dondero who is also its acting President. They are one of the largest holders of long-term bonds from Argentina with the yield date set to 2033. Under Dondero’s leadership, the company held out on its bond position and with President Mauricio’s reformation efforts they stand to make a tidy 20% annualized profit from their holdings.

James wasn’t surprised by Argentina’s move to resolve its outstanding credit with bondholders. In fact, he speculates in late early 2016 that the country would eventually settle its debt to re-enter the bond market. After being proven right the Dallas-based investor is doubling down on the South American countries future. Not only is Highland Capital Management seeking to pick up more Argentinian debt when the country issues 5, 10, and 30-year bonds to the valuation of $12 billion but they also plan to make an Argentina Fund which will enable direct investment in the country.

With President Mauricio at the helm and a positive economic outlook on the horizon, it is expected that Argentina will be receiving a credit rating increase in the near future. This increase will allow early investors in the country to pick up a tidy profit making it a very attractive option to those willing to invest. Likely the country will use its newly issued bonds to build infrastructure and develop its natural resources further raising its credit rating and rewarding those able to recognize a potential winner early in the race.

Follow James Dondero on Twitter and Facebook today!

Additional Links:

https://www.linkedin.com/in/donderojames

http://www.insidermonkey.com/hedge-fund/highland+capital+management/173/

 

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New Minimum Wage News

People are struggling to survive on the current minimum wage, which is about $7.25 in most states. The good news is that both California and New York have signed legislature that raises the minimum wage to $15 per hour. However, workers will have to wait until the year 2022 for the new minimum wage law to take effect. California Governor, Jerry Brown, says this is a monumental step forward. The surprising fact is that nearly half of the workers in the state earn minimum wage. New Yorks Minimum Wage increase goes into effect in New York City before the rest of the state.

Governor Cuomo’s Proud
New York’s Governor Cuomo, states that he is proud to sign the new legislature to increase the minimum wage. Signing the new law surely gives hope to those that are struggling to make ends meet with the current minimum wage. However, there are others that wonder about the effect that the new raise might have on the smaller business owner. The fact is that the minimum wage seems stuck at $7.25 for most of the country. The hopes are that the smaller cities and states will follow California and New York with a raise in the minimum wage. The belief is that the Republican party is responsible for the slow wheels turning to raise the minimum wage. Still, some very high profile Democratic voices are fully behind a raise in the minimum wage for American workers.

About Ross Abelow
Ross Abelow is a successful Lawyer that resides in New York. He is fully aware of the needs of the citizens in New York. He is certainly well aware of the efforts to raise the minimum wage in the city along with other legal matters that affect the citizens. Abelow is a highly sought after legal professional that specializes in several areas that includes Matrimonial, Commercial, Family, and Litigation Law.

Ross Abelow received his education at NYU and the Brooklyn College Of Law. Ross Abelow has been licensed to practice law for over 20 years. His strong dedication to the law and his long experience make him one of the top lawyers in New York. Abelow is a lawyer that has enjoyed a long, successful legal career. He is also a philanthropist that has dedicated time to numerous charities that are located in the community. He is also involved with raising funds for charitable organizations.

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Shared Office Spaces– The Workplace of the 21st Century?

Today’s style of coworking is a unique style of work and work spaces that involves a shared work environment, often by employees not employed by the same organization. Coworking is designed as a social gathering with groups of individuals who share the same values, work ethics, and are interested in learning and working alongside someone of a different career background; not working in isolation. Coworking is about both the physical space as well as the community of workers.

These types of coworking spaces are on the rise today, but is shared work space a brand new and innovative idea? Take a look back at the Renaissance era. During this time period master artists would teach new artist, nurturing their talents. This led to new artistic forms with artists now competing among themselves, yet in a shared space with mutual respect. The Renaissance era expanded apprenticeships of all kinds, painters, sculptors, artists, mathematicians, engineers, and more. The result of this era was a new insight into ways of working together to design and deliver products and services.
The Renaissance era taught us to give workshop space, not separated office desks in small rooms, to employees in order to turn new ideas and inspirations into new products and ventures. It showed us how to foster conversations and combine intelligence of people with different skills and abilities, not to separate these specialties into separate offices.

One company that is taking what was learned in the Renaissance era and developing a new business called Workville. Workwille is located in Midtown West at 1412 Broadyway, 21st floor, New York City, New York. Workwille’s shared office space is designed to feel inviting, warm, and welcoming. They offer light, airy spaces to work in with plenty of sun-light. There is a terrace in which you can take a break and revitalize by taking in a breath-taking sunset.

There is also a café and common areas. Workville NYC is located in a central location within the city, provides fast internet, mail services, fresh coffee, private phones, and printers.

http://workvillenyc.com/