As I wrote Monday, over the past decade or so, the Montreal Canadiens and New York Rangers — who are playing in the NHL’s Eastern Conference finals — transformed themselves from a down-on-their-luck former champions to legitimate Stanley Cup contenders; both did this largely through shrewd drafting. One of Montreal’s most successful draft picks put on a fine show in Game 2 on Monday night, notching a goal and an assist.Unfortunately for Montreal, that player was defenseman Ryan McDonagh, and he was wearing a Rangers uniform in the Rangers’ 3-1 win (New York leads the series 2-0).In response to my article, a few FiveThirtyEight readers astutely pointed out that McDonagh ties together the parallel rebuilding stories of the Rangers and Canadiens. He was drafted 12th overall by the Canadiens in 2007, the top prize in a banner haul for Montreal that also included Max Pacioretty and P.K. Subban. Pacioretty and Subban, along with 2005 first-rounder Carey Price, are currently three of the Canadiens’ best players (according to the modified version of point shares I described Monday).In his four-year NHL career, McDonagh has produced 28.1 modified point shares, a number in line with Subban (34.6) and Pacioretty (23.4) at similar points in their careers.The fact that he hasn’t produced any of that value for the Canadiens, though, traces back to a major blunder in the summer of 2009, when Montreal traded McDonagh (as part of a package of several players) to the Rangers for center Scott Gomez.Two years prior, New York had signed Gomez to a rather ill-advised seven-year, $51.5 million contract, and the returns had been disappointing; his 14 modified point shares in 2007-08 and 2008-09 (combined) ranked 60th among NHL forwards over that span. Rangers general manager Glen Sather was anxious to rid himself of Gomez’s albatross deal, so the media’s contemporary view of the Gomez-to-Montreal trade was essentially that of a salary dump, billing the Rangers’ primary return as nondescript forward Chris Higgins. Some NHL insiders knew better, however: Yahoo’s excellent hockey blogger Greg Wyshynski wondered at the time how the Rangers managed to unload the Gomez millstone and pick up a promising prospect like McDonagh.As a Canadien, Gomez played decent hockey for one season (6.2 modified point shares), then rapidly declined. He went on a notable goalless streak of 370 consecutive days. His contract was bought out by Montreal during the 2011-12 season, and he’s bounced around as a journeyman the past few seasons. Meanwhile, McDonagh has blossomed in New York; only six other defensemen have produced more modified point shares over the past three seasons. McDonagh even became the subject of Norris Trophy talk late this season. On top of his offensive numbers, McDonagh often finds himself matching up against the opponent’s toughest forwards and is on the ice for a disproportionate number of face-offs in the Rangers’ zone, both marks of a defensive workhorse on the blue line.Without McDonagh, it’s unlikely the Rangers would be sitting where they are, with a 2-0 series lead on the cusp of a Stanley Cup Final berth. The Canadiens have their own pair of good defensemen in Subban and Andrei Markov, but they have to regret letting McDonagh slip away — especially on nights like Monday, when he made them pay for their mistake in a direct way.
OSU co-offensive coordinator and tight ends coach Kevin Wilson works with redshirt freshman tight end Luke Farrell during the opening spring practice for the 2017 season on March 7. Credit: Nicholas McWilliams | Sports EditorFootball has officially kicked off again in Columbus. The Ohio State football team began spring practice at the Woody Hayes Athletic Complex on Tuesday, giving a glimpse of what’s to come in the 2017.Brendon White starting out as a wide receiverFreshman Brendon White is a dynamic athlete, which is exactly why OSU coach Urban Meyer recruited him. Standing at 6-foot-2, White came in as a safety who could also play at linebacker, but Meyer has bigger plans for the Ohio native. “Right now, we have a little bit of a need at wide receiver,” Meyer said. “We’re pretty deep at linebacker. So Brendon White, he was a good athlete, a quarterback in high school. Let’s take a look at him there, see how he develops. He’s also learning how to tackle and play on defense because … probably his first impact will be on kicking game.”White said during National Signing Day he was working to learn receiver techniques, and flashed a combination of good hands and crisp route running during the team’s morning workouts.The Buckeyes were disappointing in the passing game last season, and the receiving corps was responsible for some of that blame. The leading receivers from last season, Curtis Samuel and Noah Brown, both high-tailed it to the NFL Draft, leaving holes at wideout.Meyer has a habit of turning athletes into stars at other positions, and named a former Florida college football star as a success story when talking about White.“Joe Haden is a perfect example for him,” he said. “We took him because he was a great athlete, and then we found out where he fit once he got there.”White will get his chance to make his mark with OSU sooner rather than later with a plethora of talent needing replaced.Transfers not the only thing affecting roster numbersOSU has been scrutinized for an overabundance of players, and is facing the real possibility of having too many players and not enough roster spots. However, the Buckeyes might have a little more breathing room following the latest developments regarding transfers and departures.Meyer said wide receiver Alex Stump will be transferring from the program, and was not seen at drills on Tuesday. His absence could open the door for younger talents, such as freshmen Trevon Grimes and Brendon White to earn playing time.James Clark, another former wide receiver with the team, remains on campus as a member of the track team, but will be leaving as a graduate transfer following this season. Kyle Trout announced he, too, will not be with the team, and plans to transfer after graduation.He currently remains with the team and will continue to work until after he earns his degree. The next departure from OSU — Tyler Gerald — is a bizarre one.“Yeah, he just quit,” Meyer said. “I don’t know. I really wasn’t part of that one.”This just adds another open spot for someone on scholarship, but it’s a strange anomaly for a Meyer-coached team.Linebacker is sorted out … kind ofMeyer confirmed redshirt senior linebacker Chris Worley as middle linebacker, with redshirt sophomore Jerome Baker as the weakside linebacker and redshirt senior Dante Booker at the strongside.However, true to Meyer’s form, he quickly said he has yet to solidify this lineup.“That’s just day one though, that could change,” Meyer said. “We’re trying things out and Worley’s got the mentality and now we just got to see if his body can hang in there at the MIKE linebacker spot.”Worley has been in the program long enough to know the defense through and through, but his size is clearly an issue. Listed at 230 pounds, he’s a little on the light side for playing in the middle, but is a sound enough tackler he might just be able to succeed.Kevin Wilson’s influence will be seen in the fallIndiana’s offense was revived from the dead under Kevin Wilson, and the OSU coaching staff will be hoping for the same kind of reinvigoration this year. Meyer said his presence will be felt in the passing game early in the season, especially in the routes of wide receivers.“If it fits into (conceptually) what we’re trying to get done, then we add it,” Meyer said. “The term we use around here is, ‘We’re not changing, we’re enhancing what we do.’ If it’s broken, we have to change it.”Wilson will be working with young talents like sophomore Binjimen Victor and redshirt sophomore K.J. Hill, along with veterans in junior’s Parris Campbell and Johnnie Dixon. Junior Eric Glover-Williams is making the switch to receiver from safety this season, and could be a factor in the slot.Barrett, too, could benefit from Wilson’s concepts. Only time will tell how much of the ingenuity of the longtime coach shines through.The secondary will be a revolving doorThere will be no replacing talents like Marshon Lattimore, Gareon Conley and Malik Hooker. But OSU is going to try to replicate the production of three potential first-round picks by implementing a rotation in the secondary.“I think the way we play defense, we’d like to do that,” Meyer said. “We have Damon Arnette and Denzel Ward (who) are the only guys who have ever played for us right now. You’ve got Rodjay Burns. We moved Wayne Davis to safety. You’ve got these four corners that just stepped out there today that looked pretty good. We’d like to play three or four — we’d like to play more than three or four. We learned a lesson. That was as good of production as we’ve had out of corners anywhere we’ve been. Obviously, you’ve got great players, but what we ask those guys to do … it’s a track meet for four hours. If you can (get) a little rotation in there, it’s going to be much better. So the answer is yes.”Arnette and Ward had limited playing time last season with OSU, and will be replacing arguably the best duo of corners the Buckeyes have had in a long time. It will be no easy task, but the help from incoming freshmen Jeffrey Okudah and Shaun Wade, as well as transfer and sophomore Kendall Sheffield, should make things a little easier on OSU.Expect to see plenty of fresh faces during the spring game on April 15. OSU will be in Ohio Stadium for the team’s annual scrimmage, and fans will get a glimpse of the skills of the new Buckeyes. read more
Free Webinar | Sept 5: Tips and Tools for Making Progress Toward Important Goals Attend this free webinar and learn how you can maximize efficiency while getting the most critical things done right. 4 min read April 7, 2015 Register Now » As people we are always on the lookout for a car that’s more fuel efficient, roads that are more durable, services that are more user friendly. ‘More’. That’s the theme of our lives in the new millennium.The quest to make everything ‘faster’, ‘larger’ or ‘stronger’ means that the focus is squarely on improving efficiencies and make the most of every bit of the resources available to us. A quick way to improve efficiencies and up our productivity is by employing the right tools at the right time.Here’s my pick of three interesting productivity tools that promise to offer your business that boost it truly deserves.NutcacheThey say “Time is money.” If time is as important as money, isn’t it time we spent some money on managing both better? Nutcache is a nifty little tool that helps you stay on top of all your invoicing and expense-related needs, simultaneously.With Nutcache, you can design, create and send out invoices to clients for no charge, at all. It also allows you to accept payments from customers online via a plethora of payment options. You can track all your expenses –like taking a client out for dinner or cab fare to your last meeting — in one place. Attach invoices or receipts as bills that can be claimed later from the client. But that was all about money. How about time?Nutcache’s time tracking feature helps businesses that get paid by the hour. Employees, or even individual freelancers, can log in the exact number of hours they devote to each project via Nutcache’s mobile app. Not only is this extremely useful from a human resources point of view, it also helps in offering clients proof of work done as a support for invoices in their name. Nutcache has a very able free version, while the pro-version offers a bunch of extras over and above these. Pro benefits include completely custom invoices without Nutcache branding on them, zero payment processing fees on transactions, no advertising and the like.Related: 10 Affordable Tools to Help Online Entrepreneurs SucceedDueAs an entrepreneur, you are most likely doing many things at once, which often can make it difficult to know if you are really being as productive and profitable as possible. That’s why it helps to have a tool that can track all your projects and deliver a report of where you might be able to improve how you spend every hour of your work day.WIth Due, you can not only track your time with their handy app, but you can also incorporate those findings directly into their customizable invoice templates and quotes for a more accurate record that benefits you and your clients. That means you can estimate projects more accurately while clients are assured that the invoices how much time you actually spent on their account.Due offers this time tracking tool with its free online invoicing and a low-cost payments platform, providing additional value for the small business owner. Related: 6 Things They Don’t Tell You When You Leave the Big Corporate World for Your Own BusinessAcuity SchedulingHow frustrating is it, after all the work you put into creating a great service and finding a willing client who wants your services, to have all those efforts come to naught thanks to holes in your calendar and appointment schedule?Enter Acuity Scheduling. With Acuity’s multi-platform scheduling system, you will never again miss an appointment with a client or forget to send out an invoice or collect payments for invoices already sent out. Acuity works well with your existing calendar tool – Outlook, Google, whatever your choice. Clients can directly see your live calendar, spot an opening and chalk themselves in instantly. When there is a new appointment created or a cancelation has been made, the tool automatically makes the relevant changes across all your calendars so there is no chance of a missed opportunity for your business.What’s more, you can even send out reminders automatically to clients about upcoming appointments via SMS or email, while you will yourself receive a reminder yourself about the same. You even have the ability to process payments via this app, right at the time of booking an appointment.The measure of a productive business is how much time it spends on activities that add direct value to the business. These are three tools that power my business and its productivity. What about yours?Related: This New App Wants to Optimize Your Schedule by Running It Through an Algorithm Opinions expressed by Entrepreneur contributors are their own. read more
Somewhere out there in cyberspace there are tech gurus — a fancy word for nerds — working to make our lives easier. They’re devising new, unimaginably brilliant gadgets, gizmos and apps that do two things: Make our lives easier and make us wonder why we never thought of such a simple idea in the first place (remember the Chia Pet?).The truth is, self-improvement is a huge industry — $9.6 billion to be precise. With the digital disruption caused by technology today, there are more and more software solutions popping up to help us optimize our productivity, set and track goals and build healthier habits. If you look hard enough, there’s pretty much an app for every aspect of our lives.Want to maximize productivity? There’s an app for that. How about become more mindful, whatever that means? There’s an app for that, too. What did you say? You want to know exactly how many calories are in that foot-long hot dog? Too many. But, if you really want to know, there’s an app for that, too.Related: 5 Apps That Can Help Executives Strike Work-Life BalanceTo get your month off to a positive start, here are seven self-improvement apps to try out.1. DayOneAppImage credit: DayOneAppIf you’re a journaler, this is a simpler way to do it. Journaling has been shown to optimize both hemispheres of the brain since writing engages the left brain — known for analysis and reason — while the right brain is free to create. Journaling allows you to break through mental barriers to better understand yourself, others and the world around you. No big deal. What’s different about DayOneApp is that you can add pictures, local weather data and geo-location to your journal entry for whenever you want to revert back to your happy place.2. MyFitnessPalImage credit: MyFitnessPalCounting calories is about as fun as counting to 2,000 — every day. Ain’t nobody got time for that. Fortunately, Under Armour has made calorie-counting easy with myfitnesspal. What’s cool about this app is that it will not only subtract calories based on your exercise output for a given day but also scan in a food’s nutritional content based on its barcode and — magically — spit out the number of calories along with a caloric breakdown of fats, proteins and carbohydrates that get added to your daily intake.3. UnstuckImage credit: UnstuckThere comes a point in everyone’s life where they just feel stuck. Fortunately, there’s an app for that. Unstuck is there to help you resolve problems, find motivation or face other moments of paralyzing uncertainty. With a plethora of digital coaches, you receive tips and advice to help diagnose your actions and propose solutions. Boom.Related: 4 App-Assisted Methods to Get the Most Out of Your 24 Hours4. Happier Image credit: HappierThere are myriad positivity projects out there to boost happiness. With the happier app you collect — yup, you guessed it — happy moments throughout the day to add to your mental Rolodex. There are more than 11,000 studies that show how an attitude of gratitude helps improve sleep quality, increase optimism and creativity, enhance productivity and reduce stress. 5. BrightnestImage credit: BrightnestSelf-improvement always entails learning, which is where this handy app comes in. If the entrepreneur in you wants to play Mr. or Mrs. Fix-It to save startup funds, then Brightnest will get you in gear. With the mission of Brightnest being “to shape up your home and simplify your life,” this app is packed full of guidelines and tips on everything from cleaning and organization to do-it-yourself. It’s a helpful companion to removing the clutter from our lives, so we can focus on what’s really important.6. HeadoutImage credit: HeadoutAll work and no play doesn’t make anyone any better, which is exactly why headout is so important. Headout features “incredible experiences on demand,” which is a fancy way of saying it serves as a guide to finding “the best activities, events and tours happening in town.” You can find and book last-minute deals if you’re feeling spontaneous.7. Coach.meImage credit: Coach.meNever underestimate the impact of powerful questions. Powerful questions infuse a sense of possibility and cause the mind to consider new options, thus expanding the mental boundaries posed by previous paradigms. Asking powerful questions is exactly what coaches do (full disclosure: I’m a leadership coach) and that’s exactly what Coach.me offers. Want to build better habits? A coach can help. Looking to discover new career opportunities? A coach can help. Don’t know how to scale your startup? You get the picture.Technology — like society–is always changing and always improving, which makes staying relevant a constant uphill battle. Integrate tech with your self-improvement goals, and you kill two birds with one stone.Related: 6 Apps That Help You Stick to Your Goals Free Webinar | Sept. 9: The Entrepreneur’s Playbook for Going Global January 6, 2016 Opinions expressed by Entrepreneur contributors are their own. Growing a business sometimes requires thinking outside the box. 5 min read Register Now » read more
2003 -4.5 2.0 2.2 1.2 1.1 1.7 3.5 -3.1 -0.4 2.6 2007 0.7 2010 -0.4 2012 -2.9 1.3 1.6 0.5 Spain The question at this point is: Can these outstanding European stock market performances continue? In our search for an answer, let’s start with a closer look at the economic conditions within the European Union (EU), where approximately 2/3 of total “exports” (internal and external) of the EU-28 are traded. And then let’s have a look at the economic setting of some major trading partners, such as the US and BRIC countries, which account for roughly 17% and 21%, respectively, of the external exports of the EU-28. Although the EURO STOXX 50 Index has soared since June 2012, certain key measures of the underlying real economies paint a different picture. To start, the GDP of the EU-28 is not really growing. In 2012, it contracted by 0.4% and grew by the smallest fraction of 0.1% in 2013. The GDP growth numbers for the countries in the euro area are even worse: -0.7% in 2012 and -0.4% in 2013. Whereas Germany’s GDP was up in 2013 by 0.5%, economic growth was down in Spain, Italy, and Greece by -1.2%, -1.8%, and -3.6%, respectively. 0.9 0.0 1.4 -5.5 -0.1 2008 3.6 1.5 Where Germany has a current unemployment rate of 5.2% and a youth (under 25) unemployment rate of 7.5%, the numbers for other countries are worrisome: Current unemployment in Spain is 26.7%, and 12.7% in Italy, with youth unemployment in Spain at an incredible 57.7%, and 41.6% in Italy. And don’t forget Greece, which is mired in a historically unparalleled economic depression where unemployment is 28% and youth unemployment is a shocking 61.4%. Keep in mind that all of these numbers are those officially released by bureaucratic agencies. The real numbers, as we know, would likely be even worse. Recent EU industrial production numbers have shown some slight improvement. Nevertheless, industrial production has only managed to recover to its 2004 level, and remains way below its 2007 heights (see next graph). -0.9 -0.2 0.7 2.0 2011 Over the last six months, European stock exchanges have seen a surprising change of leadership: The major stock market indices of the “weaker” countries, like Portugal, Spain, and Italy, have outperformed those considered stronger, like Germany. One of the top performers was a country that was and still remains in “bankruptcy” mode: Greece. 0.9 France -2.5 0.1 The EU unemployment rate stood at 10.2% at the beginning of 2012 and stands at 12.1% today. That the European Union is anything but a homogenous body that moves in unison can be seen in the following chart: 3.1 0.9 -1.3 EU 2.4 4.0 -3.8 -5.1 -3.2 -1.6 2.7 0.9 3.4 2.5 0.5 2.5 2005 0.0 2009 2.3 0.4 2006 Italy 2002 3.3 3.7 3.3 1.8 1.7 Real GDP Growth Rates 2002-2012 Doug French, Contributing Editor Europe: Cliff Ahead? By Dirk Steinhoff (This article originally appeared in World Money Analyst) When Kevin Brekke, managing editor [of World Money Analyst], contacted me last week, I knew it was time again to survey the investment landscape. This month, I will focus on Europe and its decoupled financial and real-economy markets. Globally, the last two years were marked by booming stock exchanges of developed markets, disappointing bond markets, and devastation across the precious metals markets. Since June 2012, the EURO STOXX 50 Index, Europe’s leading blue-chip index for the Eurozone, has advanced by approximately 50% and outperformed even the S&P 500 and the MSCI World indices. Portugal 4.1 Germany 3.3 1.7 2.2 2004 0.8 3.2 1.7 0.0 0.0 1.9 0.8 If you favor sound money, you’re a sadomonetarist, according to New York Times columnist Paul Krugman. The Nobel Prize winner says he doesn’t use the term “just to be colorful.” No, he uses the term “advisedly,” and defines it as “an attitude, common among monetary officials and commentators, that involves a visceral dislike for low interest rates and easy money, even when unemployment is high and inflation is low.” Krugman writes as if one favors low interest rates versus high ones in the same way a person supports high taxes versus low, or more government versus less. Interest rates are now government policy to be argued about and decided by government bureaucrats serving at the pleasure of politicians, instead of a reflection of the demand for funds versus the supply. At what interest rate does a person’s support render him or her the Marquis de Sade? The columnist says he’s happy that sadomonetarists have little influence at the Federal Reserve, “but they do constantly harass the Fed, demanding that it stop its efforts to boost employment.” Krugman still buys into the dubious notion that low interest rates lead to more jobs, not to let the facts get in the way of his Keynesian theory. In the Depression of 1920-‘21, prices of everything plunged. The Fed, only operating since 1914, was, as James Grant says, “not quite out of short pants.” In those days the central bank was run by bankers. When the crisis hit, Chairman William P.G. Harding, a banker from Alabama, and the other sadomonetarists on the board of governors, raised interest rates. Relating this anecdote to an audience at the Mises Institute in Auburn, Alabama, Grant looked into the camera and wondered, tongue in cheek, “How did we ever recover, Dr. Krugman? I know you’re watching.” The US economy did recover—powerfully, in fact, and in short order. Benjamin Anderson wrote in Economics and the Public Welfare: “In 1920-‘21, we took our losses, we readjusted our financial structure, we endured our depression, and in August 1921, we started up again. By the spring of 1923, we had reached new highs in industrial production and we had labor shortages in many lines.” Since then recessions have been lengthened into depressions by the meddling of the PhDs now running the Fed. Interest rates are not supposed to be government policy, but signals to the market. For now the signals are scrambled. Artificially low rates have engendered booms in asset prices and government dependence (food stamps), but not job creation. The dichotomy between the real economy and financial markets in Europe is even more pronounced. In today’s guest article, Dirk Steinhoff tells us what’s going on across the pond and how US trade policies, exchange rates, and what Janet Yellen does impacts Europe, its economy, and its investment prospects. Enjoy. -1.2 1.6 Source: Eurostat So let’s see: a shrinking GDP, high and rising unemployment, and stagnant production significantly below 2007 levels. Those are not the rosy ingredients of a booming economy (as indicated by the stock exchanges) but of one that is struggling. Europe is not in growth mode. This verdict is further supported by the export numbers for trade between EU countries, known as internal trade. In 2001, internal trade accounted for 67.9% of EU exports. Today, this share is down to 62.7%. In an attempt to compensate for sluggish European growth, EU companies had to develop other export markets, such as the US or the emerging markets. Will these markets help rescue European companies? Time to Taper Expectations With regards to the US, two important developments are worth mentioning. The first key development, which will have severe consequences for the global economy, was brought to my attention by my friend Felix Zulauf, an internationally well-known investor and regular member of the Barron’s Roundtable for more than 20 years. Running ever-increasing deficits in its trade and current accounts for almost 30 years, the US thus provided an enormous amount of stimulus for foreign exporters. Since 2006, however, the US trade deficit has shrunk, with deteriorating trade data for many nations as a consequence. The second key development is that the newly appointed head of the US Federal Reserve system, Janet Yellen, seems determined to continue the taper of its bond buying program. This fundamental shift in monetary policy could be questioned if the economic numbers for the US begin to show significant weakness. But in the meantime, the reduction of economic stimulus in the US should lead to a reduced appetite for European export goods. The emerging markets had been seen, not too long ago, as the investment opportunity and alternative to the fiscal and debt crisis-stricken countries of the developed world. Today, on a nearly daily basis, you hear bad news about the situation and developments in the emerging countries: swaying stock markets, plunging currencies, company bankruptcies, corruption scandals, and even riots. The emerging markets are dealing with the unintended consequences of the Quantitative Easing (including liquidity easing and credit easing) programs in the West. The increased liquidity spilled over into the emerging markets in the hunt for yield. This flow of capital into the emerging markets lowered capital costs, inflated asset prices like stocks and real estate, and boosted commodity prices. All that, and more, sparked the emerging markets boom. Now, this process has reversed. The natural conclusion to exaggerated credit-driven growth, the tapering of QE programs, the shrinking US trade deficit, and lower commodity prices has been an outflow of capital from emerging markets, triggering lower asset prices and exchange rates. The attempt of some countries to defend their currencies by raising interest rates will only exert further pressure on their economies. With weaker emerging market economies and currencies, there will be no big added demand for European exports. Revenues and profits for EU companies (measured in euros) will fall. When Trends Collide So, over the last two years we had opposing trends—booming European stock markets and weak underlying real economies. This conflicting mix was mainly fostered by easy money that drove down interest rates to historic low levels. Plowing money into stocks, despite the poor fundamentals, was the only solution for most investors. At their current elevated levels European stock markets appear vulnerable, and it seems reasonable to doubt that we will see a continuation of booming stock markets. Of course, such a decoupling can continue for some time, but the longer it continues, the closer we will get to a correction of this anomaly. Either the real economy catches up to meet runaway stock prices, or stock prices come down to meet the poor economic reality. Or some combination of the two. Because of the economic facts that I discussed above, in my view, we may be seeing just the beginning of a stronger correction in stock prices. Dirk Steinhoff is chief investment officer of portfolio management (international clients) at the BFI Capital Group. Prior to joining BFI in 2007, Mr Steinhoff acted as an independent asset manager for over 15 years. He successfully founded and built two companies in the realm of infrastructure and real estate management. Mr Steinhoff holds a bachelor’s and master’s degree in civil engineering and business administration, magna cum laude, from the University of Technology in Berlin, Germany. Contact: [email protected] read more