Another Hedge Fund Manager Crushed By August: Lee Ainslie


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Hedge fund manager Lee Ainslie is down 10% year to date after a disastrous August, according to Reuters.

The manager of ~$10 billion Maverick Capital was crushed by investments in Youku.com (down 41% YTD), First Solar (down 34%), and Citigroup (down 43%) in his flagship fund, which lost 11% in August.

A smaller, levered version of the fund lost 23% .

According to Katya Wachtel at Reuters:

Maverick's flagship fund tumbled 11 percent last month, and is now down about 10 percent for the year, the two people familiar with the numbers said.

Ainslie owns 7.7% of The Chinese internet company Youku.

This means Ainslie, a prominent manager, might be facing some big competition now from managers with stronger returns in August and this year. He's not alone. Many hedge fund portfolios lost a lot of money recently.

Click here to see who's losing and winning big right now >

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9 Million Users In 11 Months For Instagram


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Instagram cofounder Kevin Systrom took the stage at TechCrunch Disrupt this morning. The photo sharing app was a pivot from a bigger idea, Burbn, and launched in the App Store last October.

The app has 9 million users -- it's almost as big as Foursquare in half the time. 

"I've heard that Plan A is never the product entrepreneurs actually end up with.  I didn't believe it," says Systrom. "In many ways, Burbn was getting a bunch of press, but it wasn't taking off the way we thought it would.  We found people loved posting pictures, and that photos were the thing that stuck. Mike, my cofounder, and I sat down and thought about the one thing that made the product unique and interesting, and photos kept coming up."

Systrom says having the guts to make the product change was the biggest stumble in his startup's history (and the most beneficial).

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Turkish Prime Minister Says Israel "Must Pay A Price For Its Crimes"


Erdogan

Turkish Prime Minister Recep Tayyip Erdogan gave his most aggressively anti-Israeli speech yet at a Arab League meeting in Cairo, the Financial Times reports.

Erdogan said Israel "must pay a price for its aggression and crimes it has committed," citing an attack on a Turkish flotilla last year and the killing of five Egyptian soldiers.

He also called for the Israeli siege of Gaza to be lifted and rallied for the admittance of Palestine to the U.N.

Earlier this month, Turkey expelled Israeli diplomats, continuing a steady worsening of relations between the countries.

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A Consolidation Loan Can Help To Overcome Impaired Credit Problems

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CONFESSIONS OF A YAHOO EXEC: Here's Why Right Media Bosses Keep Quitting


Michael Walrath

Since Yahoo acquired the Right Media Exchange (RMX) for $680 million in 2007, Yahoo has been unable to hang on to Right Media executive leadership. 

Right Media CEO Mike Walrath quit in 2009. His deputy and successor, Bill Wise soon followed. Bill's successor, Ramsey McGrory, just quit Yahoo.

Why does this keep happening?

A source close to the Right Media organization tells us the main problem is that Yahoo refuses to set up the exchange as a separate business. Right now, it operates under the Yahoo Ad Network. 

Says our source: "If you have it under the Yahoo ad network, the [in-house] publisher ad revenue becomes the priority."

That's a problem because the exchange is supposed to be a place where third-party advertisers and third-party publishers are supposed to be able to find each other.

"Walrath left because at the end of the day he didn't think that Yahoo would invest sufficiently and properly to support RMX and fund it as a platform.  Bill got frustrated for same reason. [Ramsey] got frustrated for the same reasons."

Another big reason all three bosses left is that they are each entrepreneurial types who would rather go start or takeover their own thing elsewhere, than stay at Yahoo and fight political battles with more entrenched old-timers.

Anyway, now we're hearing The Right Media Exchange may soon get the independence from Yahoo its old bosses craved >>

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Savings Experiment: Trim Your Shampoo and Conditioner Budget

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In your household, does it seem like the shampoo and conditioner budget quickly goes down the drain? If so, you're not alone.

Consumers shelled out an estimated $2.32 billion on shampoo last year, and $1.71 billion on conditioner, according to market research firm Mintel. But caring for your crowning glory shouldn't cost you a king's ransom. Here are some easy ways to save on this frequent purchase.

Skip the Drugstores and the Supermarkets

While drugstores might boast a selection of shampoos and conditioners that puts other retailers to shame, they don't offer the best hair care deals.

Indeed, pharmacy chains -- as well as supermarkets, which offer an assortment of hair care products that are limited, at best -- price them about 10% to 15% higher than the low-price leaders in the category, Walmart (WMT) and Target (TGT), the nation's largest discounters, Bob Shelton, a retail and consumer packaged goods consultant, and the former senior vice president and general manager of non-foods for Safeway (SWY), the supermarket chain, tells DailyFinance.

A price check of some of the most popular shampoo and conditioner brands underscores the point.

At a drugstore or supermarket, a 12- to 15-ounce bottle of Suave or White Rain, for example -- what the retail industry calls "opening price point" shampoos and conditioners -- would cost roughly between $1 and $1.25, compared to about $1 at Walmart, Shelton says.

That price difference extends to mid-priced and premium priced brands.

Shampoo bottlesA 12- to 15-ounce bottle of a major mid-priced brand like Garnier Fructis or TRESemme would be in the $5 to $6 range at a drugstore or grocery chain, but you can find those brands at Walmart and Target for about $4, Shelton says.

Upscale brands such as Paul Mitchell, Biolage and Organix can range from about $15 to $20 at grocery stores and drug chains, depending on the brand, for 12- to 18-ounce bottles, but will cost in the $10 to $15 range at Walmart and Target.

While beauty supply stores house a huge assortment of hair care products, including niche brands, upscale lines and specialized products, they are not the place to find shampoo and conditioner bargains, Shelton says.

"It's a lot like going to a pet store for pet food," Shelton says. While a pet store will turn up a huge selection, "you'll get a better deal on pet food at Walmart or Target," he says.

And consumers should be wary of buying salon and professional brands in discount beauty stores and mass merchants, Sean Jahanbigloo, celebrity hairstylist and co-owner of Juan Juan Salon, told DailyFinance.

While you might be buying the authentic product, it's also possible that the product has been compromised "because it's been discontinued, old, or been tampered with," he says.

Don't Drop a Bundle on Shampoo

It doesn't pay to shell out top dollar for shampoo, Shelton says.

"Generally speaking, the $3, $4 and $5 shampoos work every bit as effectively as a $10 or $20 shampoo."

The higher priced shampoos add more expensive fragrances to their formulas which drive the price up, "but they [typically] don't clean any more effectively than a lower-end shampoo," he says.

Jahanbigloo agrees. "Believe it or not, all shampoos have the same basic ingredients," he says.

One key exception is if you color your hair: That's when it's best to use a shampoo specially designed to maintain your shade, which can be pricier, Shelton says.

But while a high-priced shampoo will make a negligible difference, conditioner is another story.

"The more expensive conditioners are typically more effective than the lower-end ones," which contain lower-quality ingredients, Shelton says.

So if you're going to splurge on the cleaning/moisturizing duo, save it for the conditioner.

Prestige vs. Mass-Brand Face Off

While shampoo and conditioner performance is highly subjective, you can find some low-priced brands that come close to mirroring the results of high-end brands.

Jahanbigloo offers up his insider picks on which prestige brands have a discount doppelganger.

Among hydrating shampoos and conditioners:

? Prestige Pick: Oribe Ultra Rich shampoo and conditioner costs about $24 each for an 8.5-ounce bottle of shampoo, and about $24 for a 6.8 ounce bottle of conditioner.

? Mass Pick: If you like Oribe, try Dove's Nutritive Therapy Nourishing Oil Care shampoo and conditioner, recommends Jahanbigloo. And for about $4.49 per 12-ounce bottle of shampoo and conditioner, it's a fraction of the cost of Oribe.

If you want to protect color-treated hair:

? Prestige Pick: Kerastase Bain Chroma Riche shampoo costs about $24, while the Kerastase Masque Chroma Riche softening treatment sells for a whopping $60 for a 200-milligram tub.

? Mass Pick: If your budget can't justify Kerastase, Herbal Essences Color Me Happy shampoo and conditioner costs about $4 per 12-ounce bottle of shampoo and conditioner.

And if your hair is damaged:

? Prestige Pick: TIGI Bed Head Urban Antidotes Resurrection shampoo and conditioner costs about $13 for an 8.4-ounce bottle of shampoo, and about $14 for a 6.8-ounce bottle of conditioner.

? Mass Pick: TIGI's low-price counterpart is Pantene Pro-V Restore Beautiful Lengths Breakage Defense shampoo and conditioner, which sells for about $6 per 8.5-ounce bottle of shampoo and conditioner.

Less is More, But Size Matters

If you're looking for another way to save on shampoo and conditioner, here's an easy one: Use less of it.

"The most common mistake people make is using too much product," Jahanbigloo says. "A little goes a long way."

How much is enough? Use a dime or nickel-size amount of shampoo and conditioner if you have long, thick hair, and about half that amount on shorter hair, he says.

"Trust me; you will save tons of money by doing this. And your hair will thank you by looking and feeling healthy and shiny versus greasy."

This is especially true of salon and professional products because "they are much more concentrated," Jahanbigloo says.

What's more, a salon product will last longer than a drugstore brand, and ultimately, you won't spend much more on the salon brand, as you're using less product, he says.

If you have a big family, and having a broad selection of shampoos and conditioners from which to choose is not a priority, warehouse clubs are your best bet.

While stores like Costco (COST), Sam's Club and BJ's (BJ) will carry only a handful of brands, they'll sell jumbo sized shampoo-conditioner packs unavailable at other retailers that will save you about 5% per ounce, Shelton says.

For example, a trip to Samsclub.com turned up two 44-ounce bottles of TREsemme shampoo and conditioner for $9.99.

Tap Drugstore Coupons and Loyalty Cards

Although drugstores don't have the best shampoo and conditioner everyday prices, you can save big when you bundle coupons and store loyalty card perks.

Unlike Walmart and Target, drugstore chains frequently run "a lot of specials and couponing events on special brands," Shelton says.

For example, this reporter, who had signed up to receive CVS coupons, bundled a 25%-off coupon with a $2-off salon product coupon she'd earned via the store loyalty card, slashing the cost of her favorite Frizz Ease shampoo and conditioner to nearly a third of the full-price.

Now that's a savings.

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Source: http://www.dailyfinance.com/2011/09/13/savings-experiment-trim-your-shampoo-and-conditioner-budget/

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Debt Consolidation Loans: How To Pay Your Debt In Full

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We can define the debt consolidation in a very simple word; it is the process which allows a borrower to conveniently take single loan in order to pay back other numerous loans. There are various advantages of debt consolidation loans to a person who is going through financial problems.

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A Consolidation Loan Can Help To Overcome Impaired Credit Problems

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Is It that impaired credit is a real worry for you? A consolidation loan can easily and simply let you to reduce your expenses in addition they can also offer several other advantages. Reading the rest of this article should help you to understand exactly what it could do for you.

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Novak Djokovic Wins The U.S. Open In A Four-Hour Classic


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Novak Djokovic has won the U.S. Open in an epic four-hour match against Rafael Nadal.

The scoreline: 6-2, 6-4, 6-7, 6-1.

Djokovic looked injured early in the fourth set, but he toughed it out and eventually outlasted Nadal.

This is his second-straight victory over Nadal in a major after besting him in the Wimbledon final.



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